Sultan_Pepper Posted March 11, 2021 Share Posted March 11, 2021 31 minutes ago, S36 OWL said: Basically, we're screwed. We are, but only if we keep our outgoings so high. Stop paying stupid wages to failures and we'll be fine Link to comment Share on other sites More sharing options...
owlinexile Posted March 11, 2021 Share Posted March 11, 2021 22 minutes ago, vulva said: Absolutely this. And this is the bit those on here trying to drive him out of town just don’t get. A couple of lads in Crookes Club eating pork scratchings won’t help us. He is going to stop funding us eventually no matter what. All that changes if he stays is how much damage he does to the club in the meantime. 3 Link to comment Share on other sites More sharing options...
Manwë Posted March 11, 2021 Share Posted March 11, 2021 20 minutes ago, wellbeaten-the-owl said: So why weren't Birmingham sanctioned for 3 years to 2019? Don't chop my head off. I said "possibly". Link to comment Share on other sites More sharing options...
FreshOwl Posted March 11, 2021 Share Posted March 11, 2021 Why doesn’t he just bloody sort a buyer out He can’t be enjoying any of this? It’s just business suicide him continuing 1 Link to comment Share on other sites More sharing options...
S36 OWL Posted March 11, 2021 Share Posted March 11, 2021 39 minutes ago, @owlstalk said: Not if we shed wages, recruit some exciting new talent we can sell later, get promoted back to the Championship, improve our revenue off the pitch by overhauling the products sold in the megastore, in the ground etc and attract back exec box holders, advertisers and sponsors That's how a football club should be run. We have a slight issue in that area. 2 Link to comment Share on other sites More sharing options...
pazowl55 Posted March 11, 2021 Share Posted March 11, 2021 22 minutes ago, The Wall said: I think you can only be done once for any losses inside that three year period Correct. Then it resets. Link to comment Share on other sites More sharing options...
Popular Post Manwë Posted March 11, 2021 Popular Post Share Posted March 11, 2021 28 minutes ago, vulva said: Absolutely this. And this is the bit those on here trying to drive him out of town just don’t get. A couple of lads in Crookes Club eating pork scratchings won’t help us. Oh I get it alright. We're addicted to the debt and money of one man who has driven out any professionalism that would have sustained us in a better place. His choices to structure us this way, and the worse we get through his methods, the more we are wedded to him With addictions that cost you your home, it's usually better to break those addictions than to sustain them. Chansiri is saving no-one, he is the cause of our problems, not the solution. 7 3 Link to comment Share on other sites More sharing options...
LetsMoveOn Posted March 11, 2021 Share Posted March 11, 2021 37 minutes ago, lanzaroteowl said: We're fine as long as DC wants to fund us. If that finishes then we really are screwed. AFC Wednesday Welcome aboard. Link to comment Share on other sites More sharing options...
Hookowl Posted March 11, 2021 Share Posted March 11, 2021 21 minutes ago, wellbeaten-the-owl said: Which doesn't agree with what the athletic are saying in that article But then it wouldn't sell news stories Link to comment Share on other sites More sharing options...
Pablo Bonvin Posted March 11, 2021 Share Posted March 11, 2021 42 minutes ago, sonofbert2 said: The bloke deserves a bigger banner.... In Chansiri we trust! More like "With Chansiri we're bust". 4 1 Link to comment Share on other sites More sharing options...
mogbad Posted March 11, 2021 Share Posted March 11, 2021 29 minutes ago, The Wall said: I think you can only be done once for any losses inside that three year period 5 minutes ago, pazowl55 said: Correct. Then it resets. If I understand this correctly then we can’t be punished for breaking the P&S £39m limit until after the 2020/21 accounts are published, due April 2022 & our first year of the reset period is a £19m profit. 2 Link to comment Share on other sites More sharing options...
vulva Posted March 11, 2021 Share Posted March 11, 2021 11 minutes ago, Manwë said: Oh I get it alright. We're addicted to the debt and money of one man who has driven out any professionalism that would have sustained us in a better place. His choices to structure us this way, and the worse we get through his methods, the more we are wedded to him With addictions that cost you your home, it's usually better to break those addictions than to sustain them. Chansiri is saving no-one, he is the cause of our problems, not the solution. If he pulls the plug, the club closes this afternoon. 4 1 1 Link to comment Share on other sites More sharing options...
Bluesteel Posted March 11, 2021 Share Posted March 11, 2021 If the accounts are for previous years isn’t it more accurate to say they were losing 1.5m a month? It could be less or potentially more now with the pandemic 2 Link to comment Share on other sites More sharing options...
@owlstalk Posted March 11, 2021 Share Posted March 11, 2021 2 minutes ago, vulva said: If he pulls the plug, the club closes this afternoon. Same applies to any and every other club in the world Stop being dramatic ffs 3 Owlstalk Shop Link to comment Share on other sites More sharing options...
S36 OWL Posted March 11, 2021 Share Posted March 11, 2021 Just now, vulva said: If he pulls the plug, the club closes this afternoon. It's one thing chansiri committing to fund the club until 2022, weather he has the funds to do that is another thing. The warning signs are there that he hasn't got the funds to do it. Selling the stadium, loans against the stadium, no signings in the transfer window, etc. Add this seasons relegation on top, and the millions that will cost us and Im concerned how long we can keep going. 2 Link to comment Share on other sites More sharing options...
Bluesteel Posted March 11, 2021 Share Posted March 11, 2021 1 hour ago, Mcguigan said: That summary looks pretty accurate to me although, when saying any losses exceeding £23m in this next set of accounts would result in new sanctions, that number is a bit low. The figures they quote are pre tax losses but don't include allowable items for P&S purposes. This is usually around £2.5-3m a year so £23m losses effectively becomes £30-32m. Which we won't post. Our worries start again when the 18/19 profit drops out of the 3 year rolling period. I guess we will have had a lean spell in league one by then with reduced wages and income. I’m not sure how league one losses fits into wider P&S as it used to be a separate set of rules Link to comment Share on other sites More sharing options...
mogbad Posted March 11, 2021 Share Posted March 11, 2021 1 minute ago, Bluesteel said: If the accounts are for previous years isn’t it more accurate to say they were losing 1.5m a month? It could be less or potentially more now with the pandemic I would presume the pandemic has increased monthly losses but we have lost Hooper, Forestieri, Abdi, Jones, Boyd & Fletcher etc from the wage bill. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted March 11, 2021 Share Posted March 11, 2021 3 minutes ago, @owlstalk said: Same applies to any and every other club in the world Stop being dramatic ffs Exactly what happened to Wigan 1 1 Link to comment Share on other sites More sharing options...
@owlstalk Posted March 11, 2021 Share Posted March 11, 2021 Just now, mogbad said: I would presume the pandemic has increased monthly losses but we have lost Hooper, Forestieri, Abdi, Jones, Boyd & Fletcher etc from the wage bill. I agree - the wages were perhaps the biggest outlay and we're shedding the big earners in double quick time That's gotta be a good thing if it means we don't get relegated etc If we can shed the big wages, build a hungry new younger squad with bags of potential and manage them right then it's gotta look healthier 3 Owlstalk Shop Link to comment Share on other sites More sharing options...
@owlstalk Posted March 11, 2021 Share Posted March 11, 2021 1 minute ago, wellbeaten-the-owl said: Exactly what happened to Wigan Exactly! Same applies to any and every other club in the world Nothing worse than a fan trying to convince fans that the earth will cave in if we don't doff our caps to a multi-milionaire Owlstalk Shop Link to comment Share on other sites More sharing options...
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