| Serious question for the Evans outers 14:29 - Feb 10 with 13184 views | BlueNomad |
For those of you who shout about Evans getting "out of OUR club" I have a question.
He is an immensely wealthy man. Imagine for a moment that he decided to take your advice, write off the £100m+ debt and just went. After all, some of you claim he doesn't care. His life wouldn't really change much. What would be left of OUR club? |  | | |  |
| Serious question for the Evans outers on 15:10 - Feb 10 with 4058 views | gordon |
| Serious question for the Evans outers on 14:37 - Feb 10 by artsbossbeard |
Why would business man, Marcus Evans, simply write off £100m? |
Effectively, the £100m is already written off - the prudent thing for him to do as a businessman would be to get the liability that is ITFC off his balance sheet pronto... |  | | |
| Serious question for the Evans outers on 15:11 - Feb 10 with 4058 views | Pendejo |
| Serious question for the Evans outers on 14:37 - Feb 10 by artsbossbeard |
Why would business man, Marcus Evans, simply write off £100m? |
Interesting question, without a thorough going through the accounts couldn't answer or challenge.
However
Consider this my employer was bought a number of years ago for £300m, those owners look like they are about to walk away shortly and handover control to a consortium of banks. My employer borrowed a significant amount of money to finance the takeover of a US company and things have, apparently, not gone weel.
The debt lies with employer not the owner, but if the owner is going to walk away from a business they paid £300m for does that mean the owners have made their original investment and then some? The owner is, allegedly, cash rich and can afford to clear the debt... But seems to be content to walk away.
Bringing it back to Evans, is his net investment really £100m?
He bought the £32m debt for £8m and has covered the debts since, £6m pa, plus original purchase cost. Had any income or benefit derived from the investment where it's be easier to just write off and walk away? Or even ask away at a profit? Without going through the accounts line by line I couldn't tell you. |  |
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| Serious question for the Evans outers on 15:12 - Feb 10 with 4049 views | Chrisd |
ME is slowly choking the life out of us season after season. |  |
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| Serious question for the Evans outers on 15:14 - Feb 10 with 4039 views | Oxford_Blue |
| Serious question for the Evans outers on 15:11 - Feb 10 by Pendejo |
Interesting question, without a thorough going through the accounts couldn't answer or challenge.
However
Consider this my employer was bought a number of years ago for £300m, those owners look like they are about to walk away shortly and handover control to a consortium of banks. My employer borrowed a significant amount of money to finance the takeover of a US company and things have, apparently, not gone weel.
The debt lies with employer not the owner, but if the owner is going to walk away from a business they paid £300m for does that mean the owners have made their original investment and then some? The owner is, allegedly, cash rich and can afford to clear the debt... But seems to be content to walk away.
Bringing it back to Evans, is his net investment really £100m?
He bought the £32m debt for £8m and has covered the debts since, £6m pa, plus original purchase cost. Had any income or benefit derived from the investment where it's be easier to just write off and walk away? Or even ask away at a profit? Without going through the accounts line by line I couldn't tell you. |
He would wipe off £100m because he will never get it back anyway, and he’s losing £6m a year. That can’t go on forever. If you had the 100% chance to save £6m a year, but lose tiny chance of making back £100m what would you do?
I’d cut my losses. Assuming a buyer can be found. | | | |
| Serious question for the Evans outers on 15:14 - Feb 10 with 4035 views | Radlett_blue |
| Serious question for the Evans outers on 15:08 - Feb 10 by Oxford_Blue |
But it loses £6m a year and it’s virtually impossible to make any profit from it. So why would anyone other than a very rich fan want to do that? |
As has been stated.most Football League clubs lose money each year so owning one is a project for either (a) a rich fan (b) a rich foreigner looking for some kudos (c) a speculator who thinks he can get a club into the PL & then sell it on at a profit.
Evans won't want his £100m or whatever it is back. He's intelligent to know that he won't get it, but if he wants out of Town, he writes it off & recoups £15-20m by selling a debt free Town. |  |
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| Serious question for the Evans outers on 15:17 - Feb 10 with 4016 views | Bluefish |
| Serious question for the Evans outers on 15:14 - Feb 10 by Oxford_Blue |
He would wipe off £100m because he will never get it back anyway, and he’s losing £6m a year. That can’t go on forever. If you had the 100% chance to save £6m a year, but lose tiny chance of making back £100m what would you do?
I’d cut my losses. Assuming a buyer can be found. |
Don't need a buyer just asset strip everything and then wind down. When the fans moan he can point out they demanded him out |  |
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| Serious question for the Evans outers on 15:18 - Feb 10 with 4013 views | gordon |
| Serious question for the Evans outers on 15:14 - Feb 10 by Oxford_Blue |
He would wipe off £100m because he will never get it back anyway, and he’s losing £6m a year. That can’t go on forever. If you had the 100% chance to save £6m a year, but lose tiny chance of making back £100m what would you do?
I’d cut my losses. Assuming a buyer can be found. |
Sort of - if there was someone interested in buying the club, the debt wouldn't be written off. As said above, the debt would just be converted to a financial instrument which would be repaid to Evans under certain conditions. That's how it works when a debt-ridden club is sold.
But there isn't really a situation where 'writing/wiping off' the debt is beneficial to Evans. | | | |
| Serious question for the Evans outers on 15:27 - Feb 10 with 4003 views | Dyland |
It's nuanced, and there's a lot of nonsense spouted, especially on social media. Anyone shouting stuff like "Evans out" is either just venting spleen, or is not worth discussing anything with sensibly. He OWNS the club. It is HIS club. What do you mean "Evans out"?! If someone made a sensible offer that worked for him, he'd sell like a shot, even if they were a dodgy (bigger) disaster in the making. He doesn't give a sh1t about the future of ITFC beyond his business interests. I've generally supported Evans, all things considered, but not naively. He's not a fan ffs.
What fans and supporters and anyone who has given a sh1t about ITFC for ANY length of time can reasonably question, and be angry about, is Evans' distance. I don't want the bloke to talk to fans and his statements have been hollow. I don't want him standing near me on an away terrace ffs. "Distance" means disconnected. It means a fundamental inability to get it right, off and on the pitch. Useless appointment after useless appointment. It goes on and on and on, and on and on and on. Distance means something fooking metaphysical with this bloke. He's in a different paradigm to football.
I'm done with the sh1t ownership of our club, and I'm done with our inept manager.
COY...... oh I can't be arsed. |  |
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| Serious question for the Evans outers on 15:28 - Feb 10 with 3983 views | skyblue23 |
| Serious question for the Evans outers on 15:08 - Feb 10 by Oxford_Blue |
But it loses £6m a year and it’s virtually impossible to make any profit from it. So why would anyone other than a very rich fan want to do that? |
Ask the owners of pretty much any team in the Championship? I don't think its unfair of me to use the Championship owners as my benchmark even though we're an average league 1 side right now.
I'm not saying somebody wants to take over to lose money. The owners of Championship clubs right now are hoping to hit the promise land of the Premier league, just as Marcus Evans was many years ago. |  |
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| Serious question for the Evans outers on 15:29 - Feb 10 with 3982 views | BlueNomad |
I'm glad I posed the OP because I am learning alot about business etc from many of you. Thank you | | | |
| Serious question for the Evans outers on 15:41 - Feb 10 with 3961 views | Dyland |
| Serious question for the Evans outers on 14:37 - Feb 10 by Bluefish |
Still in business operating so highly likely to be better than the alternative. |
Lose "highly" and put "likely" in italics and not sure how anyone can really argue with that.
Hmpf. | |
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| Serious question for the Evans outers on 15:53 - Feb 10 with 3937 views | factual_blue |
| Serious question for the Evans outers on 14:31 - Feb 10 by Steve_M |
What do you think is going to be left of ITFC after another five years of Evans' ownership? |
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| Serious question for the Evans outers on 15:58 - Feb 10 with 3920 views | chicoazul |
| Serious question for the Evans outers on 14:37 - Feb 10 by artsbossbeard |
Why would business man, Marcus Evans, simply write off £100m? |
Because he has no chance whatsoever of getting it back and, speculation time, may indeed be highly embarrassed by what a pig's ear he has made of it here. Someone may also make him a tempting-enough cash offer with a back-end deal about Premier League promotion tied in too.Again, speculation. |  |
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| Serious question for the Evans outers on 16:00 - Feb 10 with 3912 views | chicoazul |
| Serious question for the Evans outers on 15:10 - Feb 10 by gordon |
Effectively, the £100m is already written off - the prudent thing for him to do as a businessman would be to get the liability that is ITFC off his balance sheet pronto... |
Yep. | |
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| Serious question for the Evans outers on 16:08 - Feb 10 with 3898 views | Bluefish |
| Serious question for the Evans outers on 15:41 - Feb 10 by Dyland |
Lose "highly" and put "likely" in italics and not sure how anyone can really argue with that.
Hmpf. |
I would do that but I don't know how to do italics. | |
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| Serious question for the Evans outers on 16:17 - Feb 10 with 3886 views | C_HealyIsAPleasure |
| Serious question for the Evans outers on 14:37 - Feb 10 by artsbossbeard |
Why would business man, Marcus Evans, simply write off £100m? |
He may, as others have alluded, decide that rather than losing c£6m a year he’d be better off cutting his losses and walking away if a buyer can be found
That said the debt wouldn’t strictly be written off - as others have noted any sale would presumably be on the proviso that Evans gets a windfall if we were subsequently promoted to the PL or the club becomes massively profitable (highly unlikely without the PL part), but would be in effect a write off barring something of a turnaround |  |
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| Serious question for the Evans outers on 16:31 - Feb 10 with 3870 views | Doctor_Earman |
The loss-making enterprise that is ITFC is obviously beneficial to the ME empire as he can use it as a tax write-off against his other businesses. He implicitly said that in his interview 18 months ago or whatever. | | | |
| Serious question for the Evans outers on 16:31 - Feb 10 with 3860 views | WeWereZombies |
| Serious question for the Evans outers on 16:08 - Feb 10 by Bluefish |
I would do that but I don't know how to do italics. |
You hold the base of each letter firmly whilst delivering a sharp flick using the middle finger and thumb of your free hand to the left of the top of the letter... |  |
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| Serious question for the Evans outers on 16:37 - Feb 10 with 3853 views | Bluefish |
| Serious question for the Evans outers on 16:31 - Feb 10 by WeWereZombies |
You hold the base of each letter firmly whilst delivering a sharp flick using the middle finger and thumb of your free hand to the left of the top of the letter... |
ok cheers I'll try that | |
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| Serious question for the Evans outers on 16:38 - Feb 10 with 3845 views | BlueBadger |
| Serious question for the Evans outers on 16:31 - Feb 10 by Doctor_Earman |
The loss-making enterprise that is ITFC is obviously beneficial to the ME empire as he can use it as a tax write-off against his other businesses. He implicitly said that in his interview 18 months ago or whatever. |
Ah, this old myth again. Im sure you can link us to the interview in question? |  |
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| Serious question for the Evans outers on 16:42 - Feb 10 with 3835 views | itfcjoe |
| Serious question for the Evans outers on 15:08 - Feb 10 by thatdamgood89 |
As I said on this weeks podcast (Talk of the town) sadly the days of everyone moving one place around the table (kerr to sheepshanks) have gone. 'Forcing' him out isn't really something we should or could do. Instead we should aim for enough pressure that brings the right type of change.
Actually putting football brains(not a sports science guy or a mindless drone) in charge of footballing decisions. I don't want an event planner / corporate events guy handling;
Contracts
Fees
Loans
Set an annual budget and then leave it to the 'experts'
I'd say give it listen but I'm biase 😂😂 |
Why do people not think Lee O'Neill is a football guy? He's worked in the sport for years and run the academy?
Academy manager to Director of Football is about the most common path for Director's of Football out there - because running an academy encompasses most of running a football club |  |
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| Serious question for the Evans outers on 16:48 - Feb 10 with 3814 views | Doctor_Earman |
| Serious question for the Evans outers on 16:42 - Feb 10 by itfcjoe |
Why do people not think Lee O'Neill is a football guy? He's worked in the sport for years and run the academy?
Academy manager to Director of Football is about the most common path for Director's of Football out there - because running an academy encompasses most of running a football club |
Because sadly he's become a mere mouthpiece for Evans, spouting the usual rubbish and taking the fans for mugs. | | | |
| Serious question for the Evans outers on 16:49 - Feb 10 with 3812 views | jeera |
| Serious question for the Evans outers on 16:31 - Feb 10 by Doctor_Earman |
The loss-making enterprise that is ITFC is obviously beneficial to the ME empire as he can use it as a tax write-off against his other businesses. He implicitly said that in his interview 18 months ago or whatever. |
How exactly does that work please?
Thanks in advance. |  |
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| Serious question for the Evans outers on 16:51 - Feb 10 with 3799 views | Bluefish |
| Serious question for the Evans outers on 16:42 - Feb 10 by itfcjoe |
Why do people not think Lee O'Neill is a football guy? He's worked in the sport for years and run the academy?
Academy manager to Director of Football is about the most common path for Director's of Football out there - because running an academy encompasses most of running a football club |
Because he is from itfc if we replaced him with someone with the exact same career path from another club the same people would be delighted that we now have a football man | |
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| Serious question for the Evans outers on 17:01 - Feb 10 with 3786 views | jeera |
| Serious question for the Evans outers on 16:51 - Feb 10 by Bluefish |
Because he is from itfc if we replaced him with someone with the exact same career path from another club the same people would be delighted that we now have a football man |
Although haven't people pointed out the man's trying to perform 20 roles at once?
I won't pretend to know how it works, but if he is Evans 'football man' then it would be good if the boss maybe took a bit more notice of him.
I wonder if he was consulted on Lambert's seemingly never-ending contract. | |
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