| Worrying times for scummers 21:52 - Nov 21 with 10080 views | trueblue97 |
- 2nd biggest wage bill in championship history
- Yearly loss of 2.7M
- parachute payments up at the end of the season
- invested into ‘ webbers revolution ‘ which doesnt appear to be working too well
- bang average squad ( which is only going to get worse as they are likely to need to cash in come january)
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| Worrying times for scummers on 08:46 - Nov 22 with 2967 views | itfcjoe |
| Worrying times for scummers on 08:42 - Nov 22 by Pinewoodblue |
So this guy actually belirves Gunn Snr would let his sn play for England. Rather than Snotland |
Bearing in mind he was in the full England squad last week he's right |  |
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| Worrying times for scummers on 08:55 - Nov 22 with 2948 views | hype313 |
I'd be cautious, bear in mind they dropped to League One and then went on a rampage, just because they might end up skint, doesn't mean they will tread water like we have for successive years with a safe pair of hands in charge.
If they go into freefall and do a Pompey then I will have a wry smile. |  |
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| Worrying times for scummers on 12:04 - Nov 22 with 2861 views | J2BLUE |
The fact they're below us in the same league makes it even funnier
It's not funny, it's just the restoration of the natural order. They will always be the second club in East Anglia and deep down they know it. |  |
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| Worrying times for scummers on 12:13 - Nov 22 with 2849 views | PhilTWTD |
| Worrying times for scummers on 22:04 - Nov 21 by Lord_Lucan |
I had a "Discussion" with a Nodger on Friday night. Bloke was completely p1ssed and in full denial.
He kept repeating "But we aren't in debt, you are"
I kept explaining that our debt is irrelevant as our owner has no real choice but to cover it and has to take it with him if he goes - but he wouldn't have it.
Now Someone posted some damning info on Norwich's finances t'other day, can anyone point me to it or offer a summary? |
They really do seem obsessed with Town having debt and don't understand that it's not that relevant given that all but a couple of million is to ME and it'll almost certainly have to be be written off if and when he moves on.
As per the previous thread on their potentially upcoming financial problems, their local media don't seem to get what caused our administration. As things look at present, there are parallels emerging, which isn't to say the outcome will necessarily ultimately be the same.
Norwich's latest accounts are out by Steve_M 1 Nov 2017 12:07Anyone have any idea if this bloke knows his stuff, seems that way: https://twitter.com/KieranMaguire
https://twitter.com/KieranMaguire/status/925634297595334658
https://twitter.com/KieranMaguire/status/925637896811503616
https://twitter.com/KieranMaguire/status/925644797251149824
https://twitter.com/KieranMaguire/status/925656856713924608
https://twitter.com/KieranMaguire/status/925657787903938560
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| Worrying times for scummers on 12:19 - Nov 22 with 2825 views | PhilTWTD |
| Worrying times for scummers on 22:54 - Nov 21 by factual_blue |
I think there's probably something on Swiss Ramble about their finances.
I would guess it would show that they were very heavily dependent on TV deal money, with that far outstripping match day revenue and other revenue streams.
Without the TV money, the only way of plugging the financial gap is player sales.
Expect more departures in January. |
Or investment, which our resident City insiders understand is something they're looking for. Some of their figures outlines here:
Norwich's latest accounts are out by Steve_M 1 Nov 2017 12:07Anyone have any idea if this bloke knows his stuff, seems that way: https://twitter.com/KieranMaguire
https://twitter.com/KieranMaguire/status/925634297595334658
https://twitter.com/KieranMaguire/status/925637896811503616
https://twitter.com/KieranMaguire/status/925644797251149824
https://twitter.com/KieranMaguire/status/925656856713924608
https://twitter.com/KieranMaguire/status/925657787903938560
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| Worrying times for scummers on 12:45 - Nov 22 with 2779 views | BrixtonBlue |
| Worrying times for scummers on 12:19 - Nov 22 by PhilTWTD |
Or investment, which our resident City insiders understand is something they're looking for. Some of their figures outlines here:
Norwich's latest accounts are out by Steve_M 1 Nov 2017 12:07Anyone have any idea if this bloke knows his stuff, seems that way: https://twitter.com/KieranMaguire
https://twitter.com/KieranMaguire/status/925634297595334658
https://twitter.com/KieranMaguire/status/925637896811503616
https://twitter.com/KieranMaguire/status/925644797251149824
https://twitter.com/KieranMaguire/status/925656856713924608
https://twitter.com/KieranMaguire/status/925657787903938560
|
If they manage to find that investment I'll be annoyed - partly for it saving them and partly that Marcus isn't doing the same. |  |
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| Worrying times for scummers on 13:00 - Nov 22 with 2757 views | giant_stow |
| Worrying times for scummers on 12:13 - Nov 22 by PhilTWTD |
They really do seem obsessed with Town having debt and don't understand that it's not that relevant given that all but a couple of million is to ME and it'll almost certainly have to be be written off if and when he moves on.
As per the previous thread on their potentially upcoming financial problems, their local media don't seem to get what caused our administration. As things look at present, there are parallels emerging, which isn't to say the outcome will necessarily ultimately be the same.
Norwich's latest accounts are out by Steve_M 1 Nov 2017 12:07Anyone have any idea if this bloke knows his stuff, seems that way: https://twitter.com/KieranMaguire
https://twitter.com/KieranMaguire/status/925634297595334658
https://twitter.com/KieranMaguire/status/925637896811503616
https://twitter.com/KieranMaguire/status/925644797251149824
https://twitter.com/KieranMaguire/status/925656856713924608
https://twitter.com/KieranMaguire/status/925657787903938560
|
Before you all get your gussets too frothy, aren't you forgetting the massive difference of us having no debt? You say yours Would simply be written off but what if your man can't / won't do that? It would surely eat into any future investment, unless you have a billionaire fanatic ready to step in.
We on the other hand haven't played the sell to a rich man card yet, so in theory are still a vastly more attractive investment, with recent experience of promotion to boot. |  |
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| Worrying times for scummers on 13:05 - Nov 22 with 2738 views | BrixtonBlue |
| Worrying times for scummers on 13:00 - Nov 22 by giant_stow |
Before you all get your gussets too frothy, aren't you forgetting the massive difference of us having no debt? You say yours Would simply be written off but what if your man can't / won't do that? It would surely eat into any future investment, unless you have a billionaire fanatic ready to step in.
We on the other hand haven't played the sell to a rich man card yet, so in theory are still a vastly more attractive investment, with recent experience of promotion to boot. |
Evans is in debt to himself though. | |
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| Worrying times for scummers on 13:07 - Nov 22 with 2728 views | monty_radio |
| Worrying times for scummers on 13:00 - Nov 22 by giant_stow |
Before you all get your gussets too frothy, aren't you forgetting the massive difference of us having no debt? You say yours Would simply be written off but what if your man can't / won't do that? It would surely eat into any future investment, unless you have a billionaire fanatic ready to step in.
We on the other hand haven't played the sell to a rich man card yet, so in theory are still a vastly more attractive investment, with recent experience of promotion to boot. |
We baled out though, rather than sold. In such a case "beggars can't be choosers" may yet be on the menu for you if your financial decline is not arrested. | |
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| Worrying times for scummers on 13:29 - Nov 22 with 2700 views | BecclesITFC |
| Worrying times for scummers on 12:13 - Nov 22 by PhilTWTD |
They really do seem obsessed with Town having debt and don't understand that it's not that relevant given that all but a couple of million is to ME and it'll almost certainly have to be be written off if and when he moves on.
As per the previous thread on their potentially upcoming financial problems, their local media don't seem to get what caused our administration. As things look at present, there are parallels emerging, which isn't to say the outcome will necessarily ultimately be the same.
Norwich's latest accounts are out by Steve_M 1 Nov 2017 12:07Anyone have any idea if this bloke knows his stuff, seems that way: https://twitter.com/KieranMaguire
https://twitter.com/KieranMaguire/status/925634297595334658
https://twitter.com/KieranMaguire/status/925637896811503616
https://twitter.com/KieranMaguire/status/925644797251149824
https://twitter.com/KieranMaguire/status/925656856713924608
https://twitter.com/KieranMaguire/status/925657787903938560
|
That's exactly as I see it. It's interesting that the Parachute payment, or the purpose of it, hasn't or wasn't used for it's purpose. They really relied on promotion and it hasn't happened. Early statement. But doesn't look likely. |  | | |
| Worrying times for scummers on 13:36 - Nov 22 with 2678 views | Superfrans |
| Worrying times for scummers on 22:04 - Nov 21 by Lord_Lucan |
I had a "Discussion" with a Nodger on Friday night. Bloke was completely p1ssed and in full denial.
He kept repeating "But we aren't in debt, you are"
I kept explaining that our debt is irrelevant as our owner has no real choice but to cover it and has to take it with him if he goes - but he wouldn't have it.
Now Someone posted some damning info on Norwich's finances t'other day, can anyone point me to it or offer a summary? |
They aren't in debt, and their annual losses are less than ours. But so they should be, they were still getting £50m in parachute payments last season.
The key stat is that their wage bill was £55m last season, ours was less than 30% of that (£16m). |  |
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| Worrying times for scummers on 13:41 - Nov 22 with 2668 views | giant_stow |
| Worrying times for scummers on 13:07 - Nov 22 by monty_radio |
We baled out though, rather than sold. In such a case "beggars can't be choosers" may yet be on the menu for you if your financial decline is not arrested. |
Seems like a fair point, but for all we know, moves to sell up may already be underway. Delia's knocking on afterall. | |
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| Worrying times for scummers on 13:51 - Nov 22 with 2641 views | giant_stow |
| Worrying times for scummers on 13:05 - Nov 22 by BrixtonBlue |
Evans is in debt to himself though. |
I'm sure he'd rather have some of that money back though, so this would affect funds after the sale. | |
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| Worrying times for scummers on 13:53 - Nov 22 with 2636 views | hype313 |
| Worrying times for scummers on 13:41 - Nov 22 by giant_stow |
Seems like a fair point, but for all we know, moves to sell up may already be underway. Delia's knocking on afterall. |
Given how hard plenty of Premier League clubs found it hard to sell up (Everton being one) I think anyone else trying to do the same will find similar experiences, especially Championship clubs who will eventually sell to some Ivorian despot who is on the run.
Suddenly Evans won't seem that a bad of an owner. | |
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| Worrying times for scummers on 14:07 - Nov 22 with 2606 views | giant_stow |
| Worrying times for scummers on 13:53 - Nov 22 by hype313 |
Given how hard plenty of Premier League clubs found it hard to sell up (Everton being one) I think anyone else trying to do the same will find similar experiences, especially Championship clubs who will eventually sell to some Ivorian despot who is on the run.
Suddenly Evans won't seem that a bad of an owner. |
Yeah if everything stays as is next season in terms of owners and divisions, you'll be comparatively laughing | |
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| Worrying times for scummers on 17:59 - Nov 22 with 2504 views | BackToRussia |
| Worrying times for scummers on 13:51 - Nov 22 by giant_stow |
I'm sure he'd rather have some of that money back though, so this would affect funds after the sale. |
At the same time that's probably what's keeping him investing in the club. |  |
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