| Evans is the problem 18:41 - Feb 8 with 9192 views | Blue_Armee |
He is the consistent of our club’s demise. Please sell our club to someone who cares |  |
| |  |
| Evans is the problem on 21:48 - Feb 8 with 4104 views | Oxford_Blue |
| Evans is the problem on 21:34 - Feb 8 by HARRY10 |
You claimed it was as much as £10m elsewhere
.
Are other clubs in our position, or in the Championship consistently losing money season after season ? If not what are they doing that we are not ?
Our attendances are certainly up there with the best for our position. We have dragged in plenty in the way of transfer money so where is it all going ?
Keeping the stadium in tip top order, or the same with the pitch. ? An expensive squad ?
Do enlighten us all. |
£6m is the average.
I’m not sure what your point is.
The championship teams competing for promotion have all been in the premiership more recently than us and/or have owners with significant funds and have benefited from the new deal - which gives them a massive financial parachute for several years after relegation.
Evans has spent about £60-70m of his cash on the club since he’s been the owner. He’s not taken a penny out. | | | |
| Evans is the problem on 00:43 - Feb 9 with 4074 views | Churchman |
| Evans is the problem on 21:05 - Feb 8 by braveblue |
Can’t believe how may fall for this story. A loss is not the same as cash in. He bought the debt for very little. He bought the training ground for £1 I believe and it now sits in a group company. Why?
The losses are a direct result of his awful leadership and decision making. So like any business he needs to sell and take a hit.
He is a complete disaster for this club. Why does anyone support him? |
I may well be wrong, but I thought he bought the debt for a third of its total then wrote the full debt into his main company accounts (offset profits with losses to reduce tax?). Those who have seen the accounts will I’m sure correct me. The training ground separated? I heard that too. It will make brilliant housing land and is worth a little bit more than £1.
He is a faceless disaster for the club. He has destroyed it following Sheepshanks staggering incompetence and I’ve absolutely no idea why anyone supports him. |  | | |
| Evans is the problem on 00:53 - Feb 9 with 4063 views | jeera |
| Evans is the problem on 00:43 - Feb 9 by Churchman |
I may well be wrong, but I thought he bought the debt for a third of its total then wrote the full debt into his main company accounts (offset profits with losses to reduce tax?). Those who have seen the accounts will I’m sure correct me. The training ground separated? I heard that too. It will make brilliant housing land and is worth a little bit more than £1.
He is a faceless disaster for the club. He has destroyed it following Sheepshanks staggering incompetence and I’ve absolutely no idea why anyone supports him. |
The club was roughly 30 mill in the red at the time wasn't it?
I can't remember what he was reported to have paid for it but the debt is somewhere around the 70/80 mill mark now?
So no, not much money to be made from tax off-setting you'd think there.
As for the training ground, that's not going to be worth some 40/50 million either.
So whatever his faults - and there's been a few - lets not pretend it's about making money. |  |
| |
| Evans is the problem on 03:47 - Feb 9 with 4038 views | madmouse1959 |
Something is fundamentally wrong at this club and perhaps ITFC needs a whistle blower. |  |
| |
| Evans is the problem on 11:54 - Feb 9 with 3971 views | bobbyramsey |
| Evans is the problem on 21:44 - Feb 8 by Oxford_Blue |
So where are they? |
I don't think the club is for sale but if it were I'm sure there'd be intetest. |  | | |
| Evans is the problem on 12:08 - Feb 9 with 3962 views | Oxford_Blue |
| Evans is the problem on 00:43 - Feb 9 by Churchman |
I may well be wrong, but I thought he bought the debt for a third of its total then wrote the full debt into his main company accounts (offset profits with losses to reduce tax?). Those who have seen the accounts will I’m sure correct me. The training ground separated? I heard that too. It will make brilliant housing land and is worth a little bit more than £1.
He is a faceless disaster for the club. He has destroyed it following Sheepshanks staggering incompetence and I’ve absolutely no idea why anyone supports him. |
He paid the third party lenders about £6m, to buy the right to the debt, which he then transferred to his company, and charged the club interest - but it’s intra company debt and is only ever repaid if certain conditions are met. | | | |
| Evans is the problem on 12:16 - Feb 9 with 3952 views | Oxford_Blue |
| Evans is the problem on 11:54 - Feb 9 by bobbyramsey |
I don't think the club is for sale but if it were I'm sure there'd be intetest. |
You and others keep saying there’d be interest. Why?
A businessman is going to want a return on their investment. Even if they only paid £1 for the club, they immediately stand to lose £6m a year just on the operating costs shortfall, let alone what they make available for transfers and wages. The only way to make a return would be to get to the premiership, but that means (as Evans has found out) competing with clubs who are receiving approx £90 million over three years after relegation from the premiership, and whatever their owners want to invest. It’s a totally unfair and unequal playing field. Even if the new owner of the club was prepared to match that sum, it would mean spending £90m (plus about £18m on the shortfall) plus transfer fees etc - call it £100m over three years. All for a shot of getting into the premiership which numerous other big teams are trying to do too. We would then have to stay up for at least one season in order for the new owner to male money back, and to do that would mean not strengthening in the premiership which would be very likely to result in relegation anyway.
So no reasonable businessman is going to take on that gamble.
That leaves a fan with so much money that they don’t mind losing hundreds of million of cash, because the pleasure of owning the club is enough. That would be great. But it’s just not realistic and also if that kind of person existed, they would have come forwards. | | | |
| Evans is the problem on 12:19 - Feb 9 with 3951 views | No9 |
| Evans is the problem on 18:52 - Feb 8 by Reuser_is_God |
He is yes, but failure to go up this season is all on Lambert. |
If the objective fails - whatever the deadline, PL will find it difficult to get another job in football & Mr E will have a valueless investment = a lose, lose situation.
Does anyone really think they are unaware of this? | | | |
Login to get fewer ads
| Evans is the problem on 12:23 - Feb 9 with 3950 views | sparks |
| Evans is the problem on 21:05 - Feb 8 by braveblue |
Can’t believe how may fall for this story. A loss is not the same as cash in. He bought the debt for very little. He bought the training ground for £1 I believe and it now sits in a group company. Why?
The losses are a direct result of his awful leadership and decision making. So like any business he needs to sell and take a hit.
He is a complete disaster for this club. Why does anyone support him? |
Id be interested to see the facts on this- I dont believe, without evidence, he bought the training ground for £1. It would achieve nothing. |  |
| The presence of those seeking the truth is infinitely to be preferred to the presence of those who think they've found it.
(Sir Terry Pratchett) | | Poll: | Is Fred drunk this morning? |
| |
| Evans is the problem on 12:38 - Feb 9 with 3931 views | Cheltenham_Blue |
| Evans is the problem on 12:16 - Feb 9 by Oxford_Blue |
You and others keep saying there’d be interest. Why?
A businessman is going to want a return on their investment. Even if they only paid £1 for the club, they immediately stand to lose £6m a year just on the operating costs shortfall, let alone what they make available for transfers and wages. The only way to make a return would be to get to the premiership, but that means (as Evans has found out) competing with clubs who are receiving approx £90 million over three years after relegation from the premiership, and whatever their owners want to invest. It’s a totally unfair and unequal playing field. Even if the new owner of the club was prepared to match that sum, it would mean spending £90m (plus about £18m on the shortfall) plus transfer fees etc - call it £100m over three years. All for a shot of getting into the premiership which numerous other big teams are trying to do too. We would then have to stay up for at least one season in order for the new owner to male money back, and to do that would mean not strengthening in the premiership which would be very likely to result in relegation anyway.
So no reasonable businessman is going to take on that gamble.
That leaves a fan with so much money that they don’t mind losing hundreds of million of cash, because the pleasure of owning the club is enough. That would be great. But it’s just not realistic and also if that kind of person existed, they would have come forwards. |
So explain the sales of Sunderland, Charlton and Walsall in the last year alone?
Were these clubs turning huge profit?
The answer, as with all football clubs outside the premier league is no, yet somehow they all managed to find buyers.
I'm at a loss as to how you consistently and vociferously want Evans to remain here. |  |
| |
| Evans is the problem on 12:39 - Feb 9 with 3932 views | Oxford_Blue |
| Evans is the problem on 21:05 - Feb 8 by braveblue |
Can’t believe how may fall for this story. A loss is not the same as cash in. He bought the debt for very little. He bought the training ground for £1 I believe and it now sits in a group company. Why?
The losses are a direct result of his awful leadership and decision making. So like any business he needs to sell and take a hit.
He is a complete disaster for this club. Why does anyone support him? |
A loss is the same as cash injected, if the business doesn’t make any profit.
The club doesn’t make profit - on average it’s lost £6m for the last ten years or so.
Therefore, any cash injected into the club is a loss.
I am in agreement that Evans has not been a success here, and that he would probably want to get out. But the point is whether a buyer exists who is willing to make no money, lose millions and then basically exchange places with Evans. I doubt such a person exists. The only other option for Evans is that he tries to apply for the club to be removed from the register, but he can’t without the agreement of the minority shareholders (who will never agree, as these people are genuine supporters). That leaves him with the option of just stopping the subsidies. If he does that, the club will go into administration, sell what few assets it has, get a points deduction and probably be relegated and if it can’t exit administration by making good a £6m loss each season, it will fold. That would be the absolute worst of all options. | | | |
| Evans is the problem on 12:53 - Feb 9 with 3911 views | sparks |
| Evans is the problem on 12:39 - Feb 9 by Oxford_Blue |
A loss is the same as cash injected, if the business doesn’t make any profit.
The club doesn’t make profit - on average it’s lost £6m for the last ten years or so.
Therefore, any cash injected into the club is a loss.
I am in agreement that Evans has not been a success here, and that he would probably want to get out. But the point is whether a buyer exists who is willing to make no money, lose millions and then basically exchange places with Evans. I doubt such a person exists. The only other option for Evans is that he tries to apply for the club to be removed from the register, but he can’t without the agreement of the minority shareholders (who will never agree, as these people are genuine supporters). That leaves him with the option of just stopping the subsidies. If he does that, the club will go into administration, sell what few assets it has, get a points deduction and probably be relegated and if it can’t exit administration by making good a £6m loss each season, it will fold. That would be the absolute worst of all options. |
Quite. Though the loss is largely wages, so one imagines a decent administrator could trim sufficiently to get things under control before folding.
People are free to criticise MEs decisions, and even his relative lack of investment (though it is not insignificant).
It really is pathetic though, how people continue to spread plainly unsupported nonsense like "bought the training ground for £1" or that he makes some sort of tax profit as a result of the club. Utter bllx. | |
| The presence of those seeking the truth is infinitely to be preferred to the presence of those who think they've found it.
(Sir Terry Pratchett) | | Poll: | Is Fred drunk this morning? |
| |
| Evans is the problem on 13:16 - Feb 9 with 3888 views | BrixtonBlue |
| Evans is the problem on 12:16 - Feb 9 by Oxford_Blue |
You and others keep saying there’d be interest. Why?
A businessman is going to want a return on their investment. Even if they only paid £1 for the club, they immediately stand to lose £6m a year just on the operating costs shortfall, let alone what they make available for transfers and wages. The only way to make a return would be to get to the premiership, but that means (as Evans has found out) competing with clubs who are receiving approx £90 million over three years after relegation from the premiership, and whatever their owners want to invest. It’s a totally unfair and unequal playing field. Even if the new owner of the club was prepared to match that sum, it would mean spending £90m (plus about £18m on the shortfall) plus transfer fees etc - call it £100m over three years. All for a shot of getting into the premiership which numerous other big teams are trying to do too. We would then have to stay up for at least one season in order for the new owner to male money back, and to do that would mean not strengthening in the premiership which would be very likely to result in relegation anyway.
So no reasonable businessman is going to take on that gamble.
That leaves a fan with so much money that they don’t mind losing hundreds of million of cash, because the pleasure of owning the club is enough. That would be great. But it’s just not realistic and also if that kind of person existed, they would have come forwards. |
This is correct and unfortunately the position we find ourselves in. All the moaning and wailing on here won't change anything. People would be better off praying for a miracle. |  |
| |
| Evans is the problem on 13:17 - Feb 9 with 3884 views | artsbossbeard |
| Evans is the problem on 12:53 - Feb 9 by sparks |
Quite. Though the loss is largely wages, so one imagines a decent administrator could trim sufficiently to get things under control before folding.
People are free to criticise MEs decisions, and even his relative lack of investment (though it is not insignificant).
It really is pathetic though, how people continue to spread plainly unsupported nonsense like "bought the training ground for £1" or that he makes some sort of tax profit as a result of the club. Utter bllx. |
For some weird reason, the social media moaners don't tend to take into consideration how much the wage bill is when it comes to ME's annual funds injection.
Paying xxx millions for a players is a must but then having to pay the xxx millions player a wage seems somewhat immaterial. All a bit strange. |  |
| Please note: prior to hitting the post button, I've double checked for anything that could be construed as "Anti Semitic" and to the best of my knowledge it isn't. Anything deemed to be of a Xenophobic nature is therefore purely accidental or down to your own misconstruing. | | Poll: | Raining in IP8 - shall I get the washing in? |
| |
| Evans is the problem on 13:18 - Feb 9 with 3880 views | BrixtonBlue |
| Evans is the problem on 12:38 - Feb 9 by Cheltenham_Blue |
So explain the sales of Sunderland, Charlton and Walsall in the last year alone?
Were these clubs turning huge profit?
The answer, as with all football clubs outside the premier league is no, yet somehow they all managed to find buyers.
I'm at a loss as to how you consistently and vociferously want Evans to remain here. |
No-one wants him to remain here, least of all him I imagine. But who is the alternative? | |
| |
| Evans is the problem on 13:21 - Feb 9 with 3866 views | Cheltenham_Blue |
| Evans is the problem on 13:18 - Feb 9 by BrixtonBlue |
No-one wants him to remain here, least of all him I imagine. But who is the alternative? |
Let me just consult my book of billionaires. I'll have an answer for you within the week.
Do you honestly expect people to name names? Really?
Do you really think fans have potential owners names ready to go like we do when managers leave? It's a genuine question. | |
| |
| Evans is the problem on 13:24 - Feb 9 with 3851 views | bobbyramsey |
| Evans is the problem on 13:18 - Feb 9 by BrixtonBlue |
No-one wants him to remain here, least of all him I imagine. But who is the alternative? |
There are people out there buying football clubs, I don't know them personally, I don't move in those circles..... | | | |
| Evans is the problem on 13:26 - Feb 9 with 3839 views | sparks |
| Evans is the problem on 13:24 - Feb 9 by bobbyramsey |
There are people out there buying football clubs, I don't know them personally, I don't move in those circles..... |
There are also people making a hideous mess of clubs because they dont have the funding, or dont have the good intent.
ME has made it clear that he would consider sensible proposals. But it needs a willign seller, with pots of cash, who wants to put that cash into an unfashionable, div 1 club. | |
| The presence of those seeking the truth is infinitely to be preferred to the presence of those who think they've found it.
(Sir Terry Pratchett) | | Poll: | Is Fred drunk this morning? |
| |
| Evans is the problem on 13:35 - Feb 9 with 3822 views | Pecker |
IT IS HIS CLUB, HE CAN WHAT EVER HE WANTS. GET USE TO IT. |  | | |
| Evans is the problem on 13:37 - Feb 9 with 3817 views | BrixtonBlue |
| Evans is the problem on 13:21 - Feb 9 by Cheltenham_Blue |
Let me just consult my book of billionaires. I'll have an answer for you within the week.
Do you honestly expect people to name names? Really?
Do you really think fans have potential owners names ready to go like we do when managers leave? It's a genuine question. |
No. It was a rhetorical question. | |
| |
| Evans is the problem on 13:38 - Feb 9 with 3814 views | BrixtonBlue |
| Evans is the problem on 13:24 - Feb 9 by bobbyramsey |
There are people out there buying football clubs, I don't know them personally, I don't move in those circles..... |
As Oxford Blue said, where are they then? Where is this mythical owner for us? | |
| |
| Evans is the problem on 13:51 - Feb 9 with 3789 views | agentp |
| Evans is the problem on 12:38 - Feb 9 by Cheltenham_Blue |
So explain the sales of Sunderland, Charlton and Walsall in the last year alone?
Were these clubs turning huge profit?
The answer, as with all football clubs outside the premier league is no, yet somehow they all managed to find buyers.
I'm at a loss as to how you consistently and vociferously want Evans to remain here. |
Walsall not worth talking about.
Not much interest in Sunderland despite being a bigger club than us. Donald is looking to get rid of it after just 19-months. His net worth is tiny anyway - less than my step-daughter's actually.
Charlton was for sale for several years before finding a buyer. The last filed accounts before the takeover made them a far more attractive option than us and they are in the capital which makes a huge difference. It was a struggle though.
There is an Israeli led consortium looking to buy a club at the moment. The remit is a city with a population of around 400k. Ipswich is what 133k - get sh4gging.
None of those are great examples of how we could find a buyer very easily. | |
| |
| Evans is the problem on 13:59 - Feb 9 with 3773 views | jeera |
| Evans is the problem on 13:35 - Feb 9 by Pecker |
IT IS HIS CLUB, HE CAN WHAT EVER HE WANTS. GET USE TO IT. |
Horrible isn't it.
The concept of football clubs having an owner is all wrong. | |
| |
| Evans is the problem on 14:04 - Feb 9 with 3752 views | bobbyramsey |
| Evans is the problem on 13:26 - Feb 9 by sparks |
There are also people making a hideous mess of clubs because they dont have the funding, or dont have the good intent.
ME has made it clear that he would consider sensible proposals. But it needs a willign seller, with pots of cash, who wants to put that cash into an unfashionable, div 1 club. |
ME is the one making a mess of it, hence this conversation.... | | | |
| Evans is the problem on 14:12 - Feb 9 with 3733 views | sparks |
| Evans is the problem on 14:04 - Feb 9 by bobbyramsey |
ME is the one making a mess of it, hence this conversation.... |
Save that we are in business. | |
| The presence of those seeking the truth is infinitely to be preferred to the presence of those who think they've found it.
(Sir Terry Pratchett) | | Poll: | Is Fred drunk this morning? |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
