When we eventually get the news we have been waiting for I don't want this thread to slip into oblivion. It has had everything; the full range of human emotions, history lessons and a fair bit of silliness, actually it is mostly silliness. But this opus should be closed but remain a sticky so future generations can learn, how unique this generation of Addicks were.
I think the £21.5 million might equal the debt we have lost over the last three years. If so, it could be a move by RD to transfer this debt into equity (as he can do under FFP rules) which in turn means that (maybe) the new owners will take over the club with no historic loss on the accounts as far as FFP is concerned. This is important as you can only rack up losses of three times your revenue over a three year period so will give the new guys a chance to really throw some cash into transfers etc if they can/want to without recourse to RD's loss making seasons. Hope so...
- How shared are made and how they generate instant cash? - Are they literally introduced to the stock market and bought up straight away? - How clubs / companies (Man U) can be "refloated" on the markets time and again?
I'm sure it ain't just me on here who don't understand all this
I'll try, using a house as an example
You buy a house for £100,000 (I live in Bradford so it is realistic).
You put in £40k and get a mortgage for £60k. If you think of that as a 100 shares in "the house" you own 40, the bank own 60. Every year you buy 2 shares back off the bank. So after 10 years you own 60 and the bank own 40.
If you sell the house for 120k (a take over) the new owner buys all the shares, both yours and the banks. They may do so as an individual or as a consortium (a bank normally being the money man).
Fowever if you sell some of your shares to a 3rd party you "trouser the cash" but own less of the house.
Every time a house is mortgaged it's a bit like a share issue, and you slowly buy back the shares. Once you own enough of the shares you can remortgage, or issue more shares.
I think the £21.5 million might equal the debt we have lost over the last three years. If so, it could be a move by RD to transfer this debt into equity (as he can do under FFP rules) which in turn means that (maybe) the new owners will take over the club with no historic loss on the accounts as far as FFP is concerned. This is important as you can only rack up losses of three times your revenue over a three year period so will give the new guys a chance to really throw some cash into transfers etc if they can/want to without recourse to RD's loss making seasons. Hope so...
I think the £21.5 million might equal the debt we have lost over the last three years. If so, it could be a move by RD to transfer this debt into equity (as he can do under FFP rules) which in turn means that (maybe) the new owners will take over the club with no historic loss on the accounts as far as FFP is concerned. This is important as you can only rack up losses of three times your revenue over a three year period so will give the new guys a chance to really throw some cash into transfers etc if they can/want to without recourse to RD's loss making seasons. Hope so...
I thought the 'debt for shares' thing was only allowed in League One.
i could start marking posts hot, warm, cold - that sort of thing but been asked not to say anything so won't - all i will say is relax and this is all in line with my OAFDUMP on boxing day - COYR!!!!
As a teacher it is sometimes helpful to be reminded of how it feels when you don't know what the fuck anyone is talking about, so the last few pages have been very helpful.
Let is be clear, there is a potential chairman who used to be a football agent and has, as one might expect, decent PR skills and a desire to do well for himself financially.
The primary investment vehicle is run by the man who runs the private family office of one of the six ruling families of an oil state. His job is to diversify the oil money into long term investments that are successful reputationally and financially.
I’m sure he may have had some failures along the way but I am also sure he is not where he is by having failed often.
Let’s just hope we get rid of Duchatelet soon and then if there are issues with the new plans, let us engage with the new owners at an appropriate time with any concerns.
I would not expect any regime to be perfect. Anyone who does probably needs to visit their doctor.
At the end of the day why would ANYONE buy a Championship football club, a division where clubs make horrible losses?
There are a TINY number of owners who happen to be be fabulously rich AND genuinely support the club, but the rest of the them are doing it for more complicated motives, whether ego, personal or national prestige, politics, the desire to tap the PL money bucket etc. That is the reality of modern day football, and unless you can find a local billionaire who stood on the Covered End in his youth, the only likely option for a new owner.
I came pretty close on a couple of occasions..............but sadly no cigar!
Are you Australian by any chance SoundAsa£ ?
There was a young girl from Australia Whose arse was shaped just like a Dahlia 5p a smell was all very well But 10p a lick was a failure
i could start marking posts hot, warm, cold - that sort of thing but been asked not to say anything so won't - all i will say is relax and this is all in line with my OAFDUMP on boxing day - COYR!!!!
It’s been so long since the term OAFDUMP was introduced, what does it stand for?
Non-plussed by all this financial jargon. I just want to know one thing - are we going to be in a position to spunk oodles of cashola in January or will we still be bin dipping round the back of Poundland?
i could start marking posts hot, warm, cold - that sort of thing but been asked not to say anything so won't - all i will say is relax and this is all in line with my OAFDUMP on boxing day - COYR!!!!
It’s been so long since the term OAFDUMP was introduced, what does it stand for?
Thanks for asking that. I just picture Neil Ruddock having a shit, which is playing havoc with my mental health.
i could start marking posts hot, warm, cold - that sort of thing but been asked not to say anything so won't - all i will say is relax and this is all in line with my OAFDUMP on boxing day - COYR!!!!
It’s been so long since the term OAFDUMP was introduced, what does it stand for?
i don't like to talk about it but.. if you insist - 'once again forthright doucher unilaterally marks position' - if you believe me then it negates WIOTOS and days of sweating and chewing the arse out of things - if you don't then rely on WIOTOS
i could start marking posts hot, warm, cold - that sort of thing but been asked not to say anything so won't - all i will say is relax and this is all in line with my OAFDUMP on boxing day - COYR!!!!
It’s been so long since the term OAFDUMP was introduced, what does it stand for?
i could start marking posts hot, warm, cold - that sort of thing but been asked not to say anything so won't - all i will say is relax and this is all in line with my OAFDUMP on boxing day - COYR!!!!
It’s been so long since the term OAFDUMP was introduced, what does it stand for?
Comments
But this opus should be closed but remain a sticky so future generations can learn, how unique this generation of Addicks were.
Save the mighty opus for posterity.
You buy a house for £100,000 (I live in Bradford so it is realistic).
You put in £40k and get a mortgage for £60k. If you think of that as a 100 shares in "the house" you own 40, the bank own 60. Every year you buy 2 shares back off the bank. So after 10 years you own 60 and the bank own 40.
If you sell the house for 120k (a take over) the new owner buys all the shares, both yours and the banks. They may do so as an individual or as a consortium (a bank normally being the money man).
Fowever if you sell some of your shares to a 3rd party you "trouser the cash" but own less of the house.
Every time a house is mortgaged it's a bit like a share issue, and you slowly buy back the shares. Once you own enough of the shares you can remortgage, or issue more shares.
Spends two years pissing about and not selling the club but whinges about others when deal not approved in two weeks.
Chunakah ends 30th BTW
Whose arse was shaped just like a Dahlia
5p a smell was all very well
But 10p a lick was a failure
Maybe smoke and mirrors.