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With youngsters breaking in and doing well, maybe Ned deserves credit for helping to create an environment in which they can thrive. If an offer comes in for one of our midfielder's then I am happy if we sell as it creates an opportunity for a youngster coming through. By all accounts we have three talented goalkeepers which doesn't make sense, and at least one should be sold.Comment
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Lumley, Ingram & Smithies?With youngsters breaking in and doing well, maybe Ned deserves credit for helping to create an environment in which they can thrive. If an offer comes in for one of our midfielder's then I am happy if we sell as it creates an opportunity for a youngster coming through. By all accounts we have three talented goalkeepers which doesn't make sense, and at least one should be sold.
Yeah, all 3 are good, but Smithies is head and shoulders above the other 2. We also don't have anyone that I'm aware of in the U23's who is close to first team football. If 1 of our keepers left, we'd have to find a replacement.Last edited by Tarbie; 29-03-2018, 01:43 PM.Comment
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Ha, I was going to suggest Oslos 10-20m post and Tarbs well reasoned response were bunged here...Padam, can I suggest you also post this in the "I think we have to sell players for £10m to £20m" thread? As it really would be pertinent to that discussion.
Meanwhile, THIS is a pretty thorough examination of the current state of play, its a link to the webpage Hits was quoting from (post 21 above) but easier to read.Comment
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:thumb:
I'd still like to know exactly who we're appealing to re FPP. The Court for Arbitration in sport is sanctioned by UEFA to rule on FFP but to my knowledge that aint where we're headed.
I believe we're no longer questioning the legality of the sanction - we did that first time round - but the way the fine has been constituted. I think it's really strange that none of the clubs hit by FFP in the UK ever joined forces when taking action against FFP sanctions.Comment
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Sounds positive
Lots of people talking about our finances, if you want an in-depth look at everything head over to @SwissRamble on twitter, very detailed. The highlights for us are our EBITDA rating, which basically is our earnings before interest, depreciation and amortisation is added. It in very basic terms represents our sustainability. And how we are running as a club. We are top in the Championship for that at the moment, and if you look at the graph detailing our rating for the last 8 years, we have massively turned a corner.
Check out the full details: https://twitter.com/SwissRamble/stat...78018494992385
No automatic alt text available.Comment
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Yup, good spot, I've linked to the Swiss Rambler blog before, he's done at least two excellent in depth pieces covering different financial periods. The twitter link is his latest summary..
Check out the full details: https://twitter.com/SwissRamble/stat...78018494992385
Meanwhile I still can't find out who exactly we are appealing to re FPP. There was talk of CAS involvement (www.tas-cas.org) but that seems not to be the case.
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just a quick note... noticed that something (loans) have been converted once again to shares according to some papers lodged at company house today.... the shares have a cash value of £21.9m, so i guess this is probably the value of the loans converted.
there's very little detail on the form (just the words 'loan conversion'), but £21.9m is close to (but not exactly the same) as the total of the £16m loan (that incurs an outrageous 26% interest charge) and the £5.9m interest charged in the 2016-17 accounts. it could be that... or it could be something else....Comment
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Ruben?
That 26% is horrific. Flagged it before and still sounds horrible. How can anyone agree to do business like that? WTF is going on?Comment
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eseentially, it's a takeover-by-stealth. ruben bankrolls the club (which continues to not be able to finance itself), in return he converts his interest charge (and some of the money he loans) into shares. bit-by-bit he increases his shareholding and eventually will be the majority shareholder (if he isn't already). to be fair to him, if you ignore the interest charge, he is writing off millions of quid's worth of loans each year to do this.
in the short-term, the problem is that his interest charge gets recorded in the accounts each year and pushes the club closer and closer to its ffp limit. in doing so, we need to cut back ever further on other budgets.
the following is complete speculation.... if one day, hoos completes the cost cutting and gets the club to a point where it doesn't need regular cash injections from the owners, then ruben potentially has control of a club whose books will suddenly look good and could be sellable (although i'm fairly sure that the current owners will only ever recoup a tiny proportion of the cash they've spent on the club).Comment
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I think that last point is very important.
eseentially, it's a takeover-by-stealth. ruben bankrolls the club (which continues to not be able to finance itself), in return he converts his interest charge (and some of the money he loans) into shares. bit-by-bit he increases his shareholding and eventually will be the majority shareholder (if he isn't already). to be fair to him, if you ignore the interest charge, he is writing off millions of quid's worth of loans each year to do this.
in the short-term, the problem is that his interest charge gets recorded in the accounts each year and pushes the club closer and closer to its ffp limit. in doing so, we need to cut back ever further on other budgets.
the following is complete speculation.... if one day, hoos completes the cost cutting and gets the club to a point where it doesn't need regular cash injections from the owners, then ruben potentially has control of a club whose books will suddenly look good and could be sellable (although i'm fairly sure that the current owners will only ever recoup a tiny proportion of the cash they've spent on the club).Comment

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