fernandes

[Geng]

Its in the accounts in black and white

innit.

if no one outside the club "has a clue what is in them" then TF, Beard and the rest of the board will shortly be in jail for fraud.

[Geng]

Erm, there is isn't anything wrong with taking into account the Nike deal. It's a cash injection of 45 million which ever way you look at it. Your comparison with the one year contract scenario is bo ll ocks mate

lol, no.

it's a five year deal. they aren't just giving us 45m in a big lump, any more than we dumped £10m in SWP's account the moment he signed for us.

If you want to add on all our commercial income over the next five years then fine. But you might also want to add on about £300m to our debt to account for the next five years of wages. Doesn't look so rosy now does it.

[bonheurjh]

Feeling sorry for the club in fourth position in the championship is a bit strong. No sympathy needed for that position to be fair, we have it much worse and a lot more times.

we still got games to win, 2nd of the league table isn't just dream.

[stainrodisalegend]

they dont have to throw that type of money at it, thats the point

No, but you would need a fairly sizeable chunk to buy the club and then to keep it running - that's the point.

[West London is Rss]

Its in the accounts in black and white

Sorry? What is?... All that EXTERNAL debt to other companies we have?.. Did you the line UNDER that first line.. Or do you choose to ignore it?

[Geng]

Sorry? What is?... All that EXTERNAL debt to other companies we have?.. Did you the line UNDER that first line.. Or do you choose to ignore it?

you sound like a Portsmouth fan c2007

[Rangersw12]

Sorry? What is?... All that EXTERNAL debt to other companies we have?.. Did you the line UNDER that first line.. Or do you choose to ignore it?

I was responding to your gibberish that nobody knows about the accounts apart from the board

[West London is Rss]

I was responding to your gibberish that nobody knows about the accounts apart from the board

do you know everything about the accounts then? You can obviously read so I take it you can see it is debt to the owners ONLY.
When you invest in a business that heavily you don't just spend all that money on it and then pull the plug... That's why its called an INVESTMENT

[Rangersw12]

do you know everything about the accounts then? You can obviously read so I take it you can see it is debt to the owners ONLY.
When you invest in a business that heavily you don't just spend all that money on it and then pull the plug... That's why its called an INVESTMENT

Wow did you learn that in business studies today ?

You're completely missing the point why some people are worried about how the club is being run

[West London is Rss]

Wow did you learn that in business studies today ?

You're completely missing the point why some people are worried about how the club is being run

Its common sense.. embarrassing if you had to learn that yourself. An answer I half expected though.

The clubs had a few tricky years with transfers. That's the only bit they have struggled on.. Everything else they are running it perfectly.
So if you mean how its transfer policies are being run then I agree?

Abramovic did exactly the same thing with Chelsea when he bank rolled the club in regards to the finances.
Only difference with us is, we haven't performed on the pitch whereas the scum did.. In the plan of the board, im sure they would of seen us in the Europa league by now with the investment they made. But it wasn't to be and we have had to start and build again. As long as Fernandes is at the club, our finances are in no danger.
So don't shout so loudly about your displeasures of Fernandes...

[QPReuge]

lol, no.

it's a five year deal. they aren't just giving us 45m in a big lump, any more than we dumped £10m in SWP's account the moment he signed for us.

If you want to add on all our commercial income over the next five years then fine. But you might also want to add on about £300m to our debt to account for the next five years of wages. Doesn't look so rosy now does it.

Thanks for pointing all that out mate, I'm smelling the roses now, truly.
And you really shouldn't apologise, as you did in your earlier post, for being patronising.
When you're that good at something there's absolutely nothing wrong with being proud of your talent.
Now that I know that the Nike deal doesn't involve our club receiving a £45m deposit from them when the banks open at 9 am tomorrow and that we actually have to pay our staff a wage there's one crucial point I'd like to make.
I never once said everything was rosy, I merely pointed out a basic flaw in your post. Companies are run on income and expenditure so to say a source of income can't be taken into consideration when equating a companies debt is bull.
Try processing what you read next time

[casuallyqpr]

your gonna give me a nosebleed.

[Geng]

Thanks for pointing all that out mate, I'm smelling the roses now, truly.
And you really shouldn't apologise, as you did in your earlier post, for being patronising.
When you're that good at something there's absolutely nothing wrong with being proud of your talent.
Now that I know that the Nike deal doesn't involve our club receiving a £45m deposit from them when the banks open at 9 am tomorrow and that we actually have to pay our staff a wage there's one crucial point I'd like to make.
I never once said everything was rosy, I merely pointed out a basic flaw in your post. Companies are run on income and expenditure so to say a source of income can't be taken into consideration when equating a companies debt is bull.
Try processing what you read next time

you're confusing a static figure (our 177m debt) with ongoing costs (wages etc) and revenues (commercial, tv, etc)

you cant just count one against the other.

the equivalents for a person would be your bank balance (credit or debt), and your likely income and expenses over the next year.

if you took a chunk of the income you expect to receive and told me it was in your bank balance, I'd say you're having a laugh. But that's what you're doing here.

Yes, the Nike deal will help our finances. But we can't simply deduct its value from our debt any more than we need to add the entire wage costs of a new signing to our debt the day he starts playing for us (think about that: we'd need to add ~3m for Benayoun, for instance. do you want to do that?)

[Geng]

do you know everything about the accounts then? You can obviously read so I take it you can see it is debt to the owners ONLY.
When you invest in a business that heavily you don't just spend all that money on it and then pull the plug... That's why its called an INVESTMENT

LOL

Definition of 'Investment'

An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.

http://www.investopedia.com/terms/i/investment.asp

Funnily enough, sometimes the wisest use of your assets is to withdraw your investment... Or maybe TF gets arrested for fiddling his taxes. Maybe he gets run over by a bus. Decides to move to the US and buy a baseball team instead. Who knows. All sorts of reasons why he might want to leave.

The idea that just because someone has spent some money on a football club that means they will never leave is pretty daft.

No one http://edition.cnn.com/2006/SPORT/fo...nd.portsmouth/

has http://news.bbc.co.uk/sport1/hi/foot...le/9414349.stm

ever http://www.bbc.co.uk/sport/0/football/14012770

done that http://news.bbc.co.uk/sport1/hi/foot...ce/8481549.stm

before http://www.theguardian.com/football/...ion-third-time

[Kevin Mcleod]

Such a boring argument and even more boring with these statistics to prove a point. The people in charge of our club spend more than our debt on a wedding party. I do wish you would stop making up imaginary problems when they aint actually there, this isnt 1970, times change, there is no debt, we are a rich mans play thing and the rich men dont give a shite about how much they are spending. This clubs not in any financial trouble, but if you want to keep saying it, then do so, but it is boring.