I just cant see this "huge" debt thing.
Ok so not all the debt was covered by the recent share issue , but have we forgotten that the Reid money wasnt spent on transfers ? We have also receieved money from Palarse for Mcarthy and only spent £250,000 isnt on one player. We received (or will) the parashute money.
Yes there will be less gate money this year as our average crowds will be down from last year, bur Pards has been told to run with a smaller squad.
Its tradition that we "have no money" and sometimes makes perfect sense to say so when trying to keep transfers fees paid down, but it looks awful at the moment. So many clubs in this league are spending , clubs that have always been potless yet we are telling the World we are skint ? Who would want to came here ? who would want to buy the club?
Our own players see people going and players from none league coming in.
Whilst i didnt expect big money thrown about this year i did think we would have £1-2 milion without selling (other than Bent/Faye).
This weekend and the rumours of this huge debt are worrying and its all a bit more gloomy than it was last week.
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Is anyone able to do some rough sums? How much is the parachute money? Is it that some of the current directors want to take money out? (I'm not criticising after all they've put in over the years.)
Another thing is that there is still almost 6 weeks of a transfer window to go and Pardew has said he wants to bring in two or three players that i can only think will be proven players in that position to a certain degree.
Some of the Reid money went on Gray I think.
Did they not put in £14m between them last season?
With the players offloaded when we went down all theat wage saved as well as transfer money.
Staff being laid off parachute payments
And now still in teh same boat selling decent players only to get average in there place
If we dont go up were does that leave the club??
Anyone who doesn't think we have money issues is either a fool or has got their head in the sand. The days of selling a player for £1million and having £1million to spend on a replacement are long, long gone - the spiralling wages of our current "slaves" has put paid to that.
Serious question. If we get, say, £1million for Marcus Bent, how long do you think we could pay Amdy Faye's wages for? Not very long is the answer.
Do we risk all now and plan as if to go up or are we semi-cautious just in case it doesnt happen?
I asked this question at CA and it was said that it would be stupid to not think about being in this division for longer than we hoped. I'd rather we were a little cautious and underspend than overspend, fail to go up and end up like Leceister, Southampton, Coventry, Sheff Weds etc.
This is all of Pards doing anyway, he said he would sell a load of players providing he got money for players in January, he got Gray, he got Lita, He got Cook, He got Halford, he did not get rid of anyone till Andy Reid on the last Day. Board probably don't trust him to trim squad if they give him the money upfront, hence the apparent Transfer Embargo.
We are certainly not in Debt though just re-streamlining the Business for the new season, spin it how you want.
That was my initial thought, but I'm led to believe what you're saying is underplaying it a bit.
Of course we're in debt - how ridiculous a statement is that?!!!!!
Whether it's "acceptable debt" or "manageable debt" is of course a completely different concept - but to suggest we are debt free is ludicrous. Spin that how you want!
I hope what ever we get for Bent/Big Chris can be spent , i hope some1 any 1 takes faye away, and we dont sell Boogie. Somehow though its just got depressing.
I see what is happening as welcome prudence, ensuring that if we fail to go up we will still be in a (relatively) decent financial situation for years to come.
Obviously there is a balance to be struck though and so we should not sell the magic one!
I reckon the club could be overplaying it so people don't hike the price when we coming knocking, like they probably did last year with McLeod.
Looks like that may have happened with Big Chris already. Guzzundered i think they call it.
There's gratitude for you. I give you a lesson in finance and you that's all you come back with.
I think the amount spent 2/3 years ago was well out of our means and we're still paying for that. its easy to think that money that comes in can go straight on another player but there are high wages that have come down but still some are unreasonable and contracts aren't so easy to get out of so costs are still high.
I don't think we're in dire trouble, just a few cut backs. everyone wants the excitement of new expensive well known experienced great players, but its very unlikely. I don't think we're too different to other champ clubs, but they have a steady budget where as ours had a big change in the last 2 years so we're just balancing the books I'm sure.
I'd like to think all these cut backs now are to ensure we are financial OK if we don't go up, rather than risking everything to get up.
years just remind me how much we generated on players going out last summer therefore
we should begin to see some of that money within the forthcoming months
did we generate that much then last year?
I dont know the ins and outs but I just don't think it is as simple as we think it is.
Bent M
Faye
Bougherra
Thomas J
Ambrose
Fortune
The others have either all gone or subsequently signed new deals which presumably take account of our reduced status.
Of those listed it would appear the first three named have one foot out of the door and JT is probably desperately hanging onto Marcus' coat tail.
We bought ZZ when we knew we were a Championship club.
that was divided over a few years in small amounts and I'm sure the amount was "up to 16m" ie, the actual figure wasn't even that much, plus money still owed to wherever we got him from took it down a lot. if he gets sold on i'm sure we'd get a cut but only if they get more for him than they paid - not likely!
I'm pretty sure that every penny from the Bent deal is gone. Something to do with a deal for taking a lower amount quicker. The mightier may know the full ins and outs of it.
We sold the debt on so we could get as much money as possible up front, so we probably got something like £10M?
And there is no way we would get anything if he gets sold on.