Admin

[elyowl1]

Need to check with the accountants on here, but looking at it from the outside the clubs basically trading insolvently and that's a huge issue. 

[Sefton owl]

Just playing devils advocate here, but could it have just been a genuine clash of personalities? Pulis telling DC exactly how it is. There’s clearly something amiss financially, but why would DC have said that he was going to back Pulis in the market ?

[akbuk]

36 minutes ago, adelphi1867 said:

More like Liquidation.

What assets are there to liquidate?

[Guest Therealrealist]

13 minutes ago, Sefton owl said:

Just playing devils advocate here, but could it have just been a genuine clash of personalities? Pulis telling DC exactly how it is. There’s clearly something amiss financially, but why would DC have said that he was going to back Pulis in the market ?

He clearly wanted out..but didnt want to resign and lose his pay off...phone dc and tell him hrs a ******** or something along those lines..and bingo..he gets the sack

[Guest Hornsby]

27 minutes ago, elyowl1 said:

Need to check with the accountants on here, but looking at it from the outside the clubs basically trading insolvently and that's a huge issue. 

That stated in accounts for last couple of years.

 

As Chansiri's skint now , it's either player fire sales and relegation or administaration.

 

Maybe all three.

 

Fan buy out good or a Milan Mandy -like figure to pop up and purchase, including stadium.

 

Very, very worrying.

[Guest hirstysfags]

18 minutes ago, akbuk said:

What assets are there to liquidate?

Golden elephants.

[S36 OWL]

10 hours ago, 0wl18 said:

Players not being paid in full.

 

Rumours of office staff also not being paid.

 

Pulis sacked just before the transfer market opens (he’d actively been touting for new players).

 

Not exactly hard evidence but, if the rumours are to be believed, we have serious cash flow issues. We can’t be far away from calling in the administrators?

 

The alarm bells started ringing when it became clear the club cannot afford to repay all the season ticket refunds, instead fobbing fans off saying they are working through the list. SIX months after I applied for my refund, I haven't received it. 

[Shetland Owl]

Thought 2020 was bad , just wait for 2021

[Littleowl74]

45 minutes ago, Steelman said:

My money is on Chansiri getting as much early bird ST revenue in for next season before he goes into administration. Nailed on. 

Most people who buy early bird bought one for this season. They are being rolled over I believe. Can’t see anymore being bought. 

[1867etc]

Assume we go into admin. Someone with money interested. Buy club for maybe knockdown price, have to repay some debt. Consider ground. Rent Hillsborough or another ground. Build a new ground long term. Buy back Hillsborough. The final option probably the most cost effective. But given the sale got round ffp rules would the purchase be a problem with ffp. Any views ?

[Dronfield Blue]

10 hours ago, SallyCinnamon said:

Just the start.

 

Hold tight. A really dark part in our history coming up. I just hope we survive it. 

 

SWFC (2021) 

 

Worked for Leeds.

[Guest Hornsby]

1 minute ago, 1867etc said:

Assume we go into admin. Someone with money interested. Buy club for maybe knockdown price, have to repay some debt. Consider ground. Rent Hillsborough or another ground. Build a new ground long term. Buy back Hillsborough. The final option probably the most cost effective. But given the sale got round ffp rules would the purchase be a problem with ffp. Any views ?

We have a lease to rent Hillsborough for next 30 years at £3 million annual rent.

 

That's £90 million to Chansiri's company. Some debt.

 

Or Keepmoat.

[akbuk]

28 minutes ago, hirstysfags said:

Golden elephants.

Exactly 

[1867etc]

2 minutes ago, Hornsby said:

We have a lease to rent Hillsborough for next 30 years at £3 million annual rent.

 

That's £90 million to Chansiri's company. Some debt.

 

Or Keepmoat.

 

[1867etc]

5 minutes ago, 1867etc said:

 

 

8 minutes ago, Hornsby said:

We have a lease to rent Hillsborough for next 30 years at £3 million annual rent.

 

That's £90 million to Chansiri's company. Some debt.

 

Or Keepmoat.

Is there any flexibility with this, break clauses, etc. A new owner would presumably want to look at this, including the possibility of buying back the ground. 

 

[1867etc]

9 minutes ago, 1867etc said:

 

posted in error, sorry.

[prowl]

8 hours ago, Plonk said:

few points of balance amongst the hysteria.

what would he achieve by admin?

if he wants out, just sell at a loss.

Doesnt make sense for me, for him to want us in admin.  He may have no choice if, say there’s a tax bill, he can’t pay? But that’s a different issue

Wouldn't we have to make a profit to run up a tax bill?

[1867etc]

4 minutes ago, prowl said:

Wouldn't we have to make a profit to run up a tax bill?

As a buyer would want a deal for the club and the ground together. Wonder how much the combined total might be.

Edited December 29, 2020 by 1867etc

[prowl]

2 minutes ago, 1867etc said:

As a buyer would want a deal for the club and the ground together. Wonder how much the combined total might be.

£25-£30M at a guess. The ground is worth more but the club is a money pit.

[TheSlicer]

Can we still play at hillsborough or will we have to make do with hillsborough park?