What a relief!

[Matt_B]

So why don't you accept it when people prove they aren't talking out of their arse, I do know Bert, I meet him at most games but we have very different attitudes. In the thread talking about finance I gave ample examples of clubs that have had large scale investment. I don't like the way things are going now because we are close to the Portsmouth model. Just want a sustainable, successful club not boom and bust shit. You post like you are talking to class who have to accept your view.

You haven't proven anything, you've just kept stating that you know what you are talking about.

For me it's simple. I want us to be successful. The only way to do that is to buy players. There is no-one willing to give us money for nothing, bit there are people willing to give us money. I've seen us without a pot to piss in, it's shit. So, with .o other option, I'll take the current setup. To make us sustainable would require a level of cut backs that would not be acceptable to the majority of our fans and a certain curtailment of any ideas of success for a long time.

 

[Biffa Bacon]

You haven't proven anything, you've just kept stating that you know what you are talking about.

For me it's simple. I want us to be successful. The only way to do that is to buy players. There is no-one willing to give us money for nothing, bit there are people willing to give us money. I've seen us without a pot to piss in, it's shit. So, with .o other option, I'll take the current setup. To make us sustainable would require a level of cut backs that would not be acceptable to the majority of our fans and a certain curtailment of any ideas of success for a long time.

So you don't accept that any other clubs have had investment which wasn't debt? We aren't in that position but I don't want administration again and it is a serious threat based on our current finances. I understand you have no commercial background but I'll explain it in easy terms, we can't go on like this for long without a substantial financial input either from a benefactor or promotion, without that we hit the wall and with or without fans agreement we'll end up going down the leagues.

 

[camberwell fox]

Yep I agree with that. If our debt is rising by around 25 million per year and we are still throwing good money after bad we are certainly on a bad road.

Our investors and this is the important word investors do not see a return within their time scale (whatever that may be - but it is safe to assume that the maximum they will want to invest will be <90 million) then we are only a season and a half away from the shitter, and probably less.

 

[Matt_B]

Yep I agree with that. If our debt is rising by around 25 million per year and we are still throwing good money after bad we are certainly on a bad road.

Our investors and this is the important word investors do not see a return within their time scale (whatever that may be - but it is safe to assume that the maximum they will want to invest will be <90 million) then we are only a season and a half away from the shitter, and probably less.

But we have no other option. If the club goes bust, so be it. There are plenty more important things to be angry about than a sports club borrowing money.

 

[FryattFox]

but it is safe to assume that the maximum they will want to invest will be <90 million

I'm so relieved that they've let you know their limit; I was worried that we didn't know just how much they wanted to invest.

Can you please pass on my regards, and also tell them that I like the big screens.

Thanks.

 

[drew]

But we have no other option.

Really?

There are plenty more important things to be angry about than a sports club borrowing money.

Yet you're arguing your opinion with Biff......?

 

[Matt_B]

Really?

Yet you're arguing your opinion with Biff......?

OK, the only option we have would be unpalatable to the majority of fans and the owners.

 

[FryattFox]

OK, the only option we have would be unpalatable to the majority of fans and the owners.

I don't think that the majority of fans or the owners care one bit if you and Biff have an on-line argument.

 

[Matt_B]

I don't think that the majority of fans or the owners care one bit if you and Biff have an on-line argument.

I keep forgetting that it's impossible to have a discussion on the internet, only arguments.

 

[FryattFox]

I keep forgetting that it's impossible to have a discussion on the internet, only arguments.

ar·gu·ment   [ahr-gyuh-muhnt] Show IPA
noun
1.
an oral disagreement; verbal opposition; contention; altercation: a violent argument.
2.
a discussion involving differing points of view; debate: They were deeply involved in an argument about inflation.
3.
a process of reasoning; series of reasons: I couldn't follow his argument.
4.
a statement, reason, or fact for or against a point: This is a strong argument in favor of her theory.
5.
an address or composition intended to convince or persuade; persuasive discourse.

 

[Mawsley]

I love a good argument about discussions and discussions about arguments.

But which is best?

 

[camberwell fox]

I'm so relieved that they've let you know their limit; I was worried that we didn't know just how much they wanted to invest.

Can you please pass on my regards, and also tell them that I like the big screens.

Thanks.

Fryatt, the 90m i referred to is the *widely* banded about figure of what promotion is worth from TV revenue over the 3 years including parachute payments should you come straight back down.

Why would an investor want to put in more money than any tangible short term return could yield unless they are here for the long haul? Even if they were here for a long period it is not unreasonable to think that our debt will continue to rise even if we become more prudent?

I don't see your point.

 

[bocadillo]

I love a good argument about discussions and discussions about arguments.

But which is best?

Hug(gie)s.

 

[FryattFox]

Fryatt, the 90m i referred to is the *widely* banded about figure of what promotion is worth from TV revenue over the 3 years including parachute payments should you come straight back down.

Why would an investor want to put in more money than any tangible short term return could yield unless they are here for the long haul? Even if they were here for a long period it is not unreasonable to think that our debt will continue to rise even if we become more prudent?

I don't see your point.

Because unless you are a complete nutter, you don't buy a football club to make a return on your investment.

Since the PL began, they've been trophy assets.

I'm not disagreeing that there will be a limit to the Thais investment, as any evidence I've seen shows that they're hardly rolling in cash, but trying to put a figure on this is a waste of time.

 

[Macky]

Harold Camping to disposable nappies in 32 steps

 

[Dour]

Because unless you are a complete nutter, you don't buy a football club to make a return on your investment.

Since the PL began, they've been trophy assets.

Are the Glazers nutters?

 

[FryattFox]

Are the Glazers nutters?

An exception doesn't disprove the rule. You can count on one hand the people who've made profits from football clubs in the last 10 years.

 

[Mawsley]

An exception doesn't disprove the rule. You can count on one hand the people who've made profits from football clubs in the last 10 years.

I'd say it's hard to prove or disprove this given the underhand nature of such deals. For example, I bet Mandaric made a dollar or two indirectly from his involvement in the consortium that obtained the club from him. I bet Bates laughs his way to his offshore tax haven. My gut feeling is that there are many more like this.