| Assuming Hutch goes (and he clearly will) 07:03 - Jul 10 with 5877 views | Wallingford_Boy |
Is Burns fit yet?
Is Ogbene good enough?
Who to replace him on the right? |  |
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| Assuming Hutch goes (and he clearly will) on 12:06 - Jul 10 with 1336 views | baxterbasics |
| Assuming Hutch goes (and he clearly will) on 11:13 - Jul 10 by Wallingford_Boy |
IF he goes…. You lot owe me HUGE apologies! |
Not really - most of us accept it's a possibility, just not that it's a 100% cert.
So if he does go, sorry but you don't get "told you so" bragging rights. |  |
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| Assuming Hutch goes (and he clearly will) on 12:09 - Jul 10 with 1315 views | itfcsuth |
| Assuming Hutch goes (and he clearly will) on 11:01 - Jul 10 by HighgateBlue |
Yes, this was a very worrying thing to read. If it's the real intention, then I wonder who will be sold in order to make this figure? Delap, Davis, Hutch, Muric, presumably?
If it's not the real intention, then why on earth write something like that? It's in unambiguous terms, and it makes you wonder about some of those involved in running the club. Anyone who has any power over the generation of £100m should be more careful or more able to use language accurately.
It's not great that the club is having to deny that it's for sale. Whether the squad is for sale remains to be seen. It would be nice to have a clarificatory statement from Brett Johnson, to be honest. |
Davis possibly - but the front runners looked like Bournemouth and Leeds losing LB (Kerkez & Firpo), but both have gone to the international market instead, and bought in good LB options at seemingly good prices.
Truffert - £11m to Bournemouth
Gudmundsson - £9.5m to Leeds
Maybe if we took a hit on J.Clarke or J.Philogene we recoup towards £100m, but can't see anyway we'd get to that figure. |  | | |
| Assuming Hutch goes (and he clearly will) on 12:23 - Jul 10 with 1261 views | Westcountryblue |
| Assuming Hutch goes (and he clearly will) on 10:40 - Jul 10 by darkhorse28 |
I think the frustration is, Omari is 100% going. Even if he didn’t want to, WE need him to (the owners).
We ARE up for sale, we DID spend up to £100 million and we DID make our manager one of the best paid in Europe.
We rolled the dice, it didn’t work…, pretending it’s a long term project, and we are ‘building’ doesn’t fit what actually happened.
We spent an eye watering sum of money, didn’t get very good value, and got horrific outcomes .
These are the consequences.., we can lose part of £20 million liabilities over the next 3 years and boom a £15 million profit or £10 million at least, and that’s 100% why he’s going.
Ni it’s and no buts. Gone. And he’ll play at a higher level and want to leave for that alone, he didn’t want 50 games at this level anyway, and he does deserve better.
I think the frustration is, even after the owners have laid it out.., in black and white plain English, there are still fans clinging on to the emotion and dream they invested in, for dear life.
They can’t separate their ego, the club, and what they bought into from the facts and the evidence.
If we’d spent £50 million, the owners wouldn’t be selling up.
We spent what could still reach closer to £150 million.., on the promise that it would guarantee staying up (as much as it could)
The owners got it wrong.., the bought in to Ashton specifically and that narrative, that McKenna was the real deal.
Last season, he 100% wasn’t, and the financial consequences alone, when you spend more than any promoted club in history, are defining for our future.
Ashton wouldn’t be here if the owners didn’t need continuity.
Now he has to fix his mess.., and player sales are part of that.
We can’t service the amortised liabilities if spending £100-150 million over 4 years on EFL revenue, it’s not possible.
We’ll sell over £70 million worth of players and reduce those liabilities, banking profits if we can, but losses if we need to, to get those liabilities off the books.
It’s a mess of our own making.
Supporters still just clinging on to the clubs made up nonsense because it feels good, doesn’t help.
At least with some honesty, as much as it’s not ideal, we can start to dream again!!!
This time maybe we can focus on the off the field requirements at based level, and being actually best in class, not EFL level.
There’s a huge amount to be positive about…, if we can get new owners who are football people, and understand what elite looks like.
Omari .., be thankful we had him, an absolute joy to watch, and he’s, we had a chance with him and Delap to build something beautiful, they are THAT good.
But we blew it.
And you clapped every Ashton mistake too.., no finger pointing.., we needed agency, and we got mostly looking the other way to bad decision after bad decision after bad decision.
It’s still true today.
The size of last years failures was spectacular, it wasn’t a minor setback.
We need new owners and a totally new direction now.
The owners, many staff, and many players, have lost faith in our project.
If that isn’t definitive (the closest people to Ashton and McKenna) I don’t know what is. |
You're forgetting 150m in venture capital was pumped in the club about 12 months ago, television money increased to around 100m (or thereabouts) and we are set to recieve 48m in parachute money over the next 2 season. We've also recouped 30m from the sale of Delap, minus Man City's cut. Huge sellable assets are on our balance sheet now, with 4-5 players worth in excess of 15m, and in some cases, much more.
The club is in an outstanding position financially. Go and listen to Kieran Maguire's recent podcast on our finances.
We'll most likely continue to add high 7 figure, low 8 figure player purchases this season. |  | | |
| Assuming Hutch goes (and he clearly will) on 12:27 - Jul 10 with 1240 views | SuffolkPunchFC |
| Assuming Hutch goes (and he clearly will) on 11:01 - Jul 10 by HighgateBlue |
Yes, this was a very worrying thing to read. If it's the real intention, then I wonder who will be sold in order to make this figure? Delap, Davis, Hutch, Muric, presumably?
If it's not the real intention, then why on earth write something like that? It's in unambiguous terms, and it makes you wonder about some of those involved in running the club. Anyone who has any power over the generation of £100m should be more careful or more able to use language accurately.
It's not great that the club is having to deny that it's for sale. Whether the squad is for sale remains to be seen. It would be nice to have a clarificatory statement from Brett Johnson, to be honest. |
You ask "Why write it?"
Firstly it says "up to", which can mean anything between 0 and something north of £100M.
As to the why, this letter is to potential investors, who would want to know about potential returns. The statement is to reinforce the realisable assets that the club have already built. Other language in the letter also reinforces this, and the future potential to increase player asset value.
When investing in a business, you rarely look for immediate returns (day-traders exempted), but the longer term potential to grow your return. Appreciating assets will often be held onto, until the growth potential is plateauing. And they give the investor the comfort that the assets exist, to protect their investment.
There are a lot of kneejerk reactions on the forum by people who really don't understand the modern day business reality of football clubs, and are reading far too much into this letter. | | | |
| Assuming Hutch goes (and he clearly will) on 12:33 - Jul 10 with 1220 views | Westcountryblue |
| Assuming Hutch goes (and he clearly will) on 11:01 - Jul 10 by HighgateBlue |
Yes, this was a very worrying thing to read. If it's the real intention, then I wonder who will be sold in order to make this figure? Delap, Davis, Hutch, Muric, presumably?
If it's not the real intention, then why on earth write something like that? It's in unambiguous terms, and it makes you wonder about some of those involved in running the club. Anyone who has any power over the generation of £100m should be more careful or more able to use language accurately.
It's not great that the club is having to deny that it's for sale. Whether the squad is for sale remains to be seen. It would be nice to have a clarificatory statement from Brett Johnson, to be honest. |
Why would a club being sold for a premium (reported record fee at Championship level) advertise the fact that it is asset striping to potential investors ? If it is, that's incredibly noble and honest of them. However, if you think about it, it really doesn't make sense at all.
The whole email, message, memo was poorly written. I think what was meant, was that player sales 'can' be generated up to 100m. So, additional working capital 'can' be generated if necessary. Whether the club does that depends on the strategic value of the player, where they fit into McKenna's plans, clauses etc...
Premium price tag, target for a 1bn market capitalisation by 2031...asset stripping. Doesn't make sense at all ! [Post edited 10 Jul 12:37]
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| Assuming Hutch goes (and he clearly will) on 12:49 - Jul 10 with 1176 views | NthQldITFC |
| Assuming Hutch goes (and he clearly will) on 10:48 - Jul 10 by bartyg |
any chance of you stringing a coherent sentence together |
Don't give it Trill, it will only lay another egg. |  |
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| Assuming Hutch goes (and he clearly will) on 13:01 - Jul 10 with 1147 views | Leaky |
| Assuming Hutch goes (and he clearly will) on 10:40 - Jul 10 by darkhorse28 |
I think the frustration is, Omari is 100% going. Even if he didn’t want to, WE need him to (the owners).
We ARE up for sale, we DID spend up to £100 million and we DID make our manager one of the best paid in Europe.
We rolled the dice, it didn’t work…, pretending it’s a long term project, and we are ‘building’ doesn’t fit what actually happened.
We spent an eye watering sum of money, didn’t get very good value, and got horrific outcomes .
These are the consequences.., we can lose part of £20 million liabilities over the next 3 years and boom a £15 million profit or £10 million at least, and that’s 100% why he’s going.
Ni it’s and no buts. Gone. And he’ll play at a higher level and want to leave for that alone, he didn’t want 50 games at this level anyway, and he does deserve better.
I think the frustration is, even after the owners have laid it out.., in black and white plain English, there are still fans clinging on to the emotion and dream they invested in, for dear life.
They can’t separate their ego, the club, and what they bought into from the facts and the evidence.
If we’d spent £50 million, the owners wouldn’t be selling up.
We spent what could still reach closer to £150 million.., on the promise that it would guarantee staying up (as much as it could)
The owners got it wrong.., the bought in to Ashton specifically and that narrative, that McKenna was the real deal.
Last season, he 100% wasn’t, and the financial consequences alone, when you spend more than any promoted club in history, are defining for our future.
Ashton wouldn’t be here if the owners didn’t need continuity.
Now he has to fix his mess.., and player sales are part of that.
We can’t service the amortised liabilities if spending £100-150 million over 4 years on EFL revenue, it’s not possible.
We’ll sell over £70 million worth of players and reduce those liabilities, banking profits if we can, but losses if we need to, to get those liabilities off the books.
It’s a mess of our own making.
Supporters still just clinging on to the clubs made up nonsense because it feels good, doesn’t help.
At least with some honesty, as much as it’s not ideal, we can start to dream again!!!
This time maybe we can focus on the off the field requirements at based level, and being actually best in class, not EFL level.
There’s a huge amount to be positive about…, if we can get new owners who are football people, and understand what elite looks like.
Omari .., be thankful we had him, an absolute joy to watch, and he’s, we had a chance with him and Delap to build something beautiful, they are THAT good.
But we blew it.
And you clapped every Ashton mistake too.., no finger pointing.., we needed agency, and we got mostly looking the other way to bad decision after bad decision after bad decision.
It’s still true today.
The size of last years failures was spectacular, it wasn’t a minor setback.
We need new owners and a totally new direction now.
The owners, many staff, and many players, have lost faith in our project.
If that isn’t definitive (the closest people to Ashton and McKenna) I don’t know what is. |
Is this guy a reincarnation of the Elephant bloke |  | | |
| (No subject) (n/t) on 17:46 - Jul 10 with 1059 views | Tractor_Boy333 |
| Assuming Hutch goes (and he clearly will) on 08:47 - Jul 10 by BarcaBlue |
Have you considered that footballers are just like the majority of the population who want to better themselves by earning more and working at the top level possible? Delap has far more chance of playing for England at Chelsea than he ever would in the Championship. Omari would start every game for any team outside the PL but it doesn't mean he should give up on playing there. These are confident and ambitious young men and are unlikely to be solely motivated by minutes in the Champ. |
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| Assuming Hutch goes (and he clearly will) on 17:57 - Jul 10 with 1016 views | Wallingford_Boy |
Who cares if he does go, we’ve Matusiwa! [Post edited 10 Jul 18:22]
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| Assuming Hutch goes (and he clearly will) on 19:21 - Jul 10 with 923 views | flykickingbybgunn |
| Assuming Hutch goes (and he clearly will) on 08:49 - Jul 10 by Herbivore |
I think it's 50/50. Much as Prem money is wild, £35m is still a big fee for any bar the top handful of clubs and that top handful aren't going to be interested. Will a mid level club think he's worth a punt at £35m? It's certainly possible but I don't think it's guaranteed. |
He will be in couple of years. |  | | |
| Assuming Hutch goes (and he clearly will) on 19:37 - Jul 10 with 910 views | Joey_Joe_Joe_Junior |
i am very excited for Ogbene. We have all seen what Burns can do at this level and sure he will play his part. I don't personally think he was cut out for the PL though. |  | | |
| Assuming Hutch goes (and he clearly will) on 19:58 - Jul 10 with 861 views | Joey_Joe_Joe_Junior |
| Assuming Hutch goes (and he clearly will) on 10:40 - Jul 10 by darkhorse28 |
I think the frustration is, Omari is 100% going. Even if he didn’t want to, WE need him to (the owners).
We ARE up for sale, we DID spend up to £100 million and we DID make our manager one of the best paid in Europe.
We rolled the dice, it didn’t work…, pretending it’s a long term project, and we are ‘building’ doesn’t fit what actually happened.
We spent an eye watering sum of money, didn’t get very good value, and got horrific outcomes .
These are the consequences.., we can lose part of £20 million liabilities over the next 3 years and boom a £15 million profit or £10 million at least, and that’s 100% why he’s going.
Ni it’s and no buts. Gone. And he’ll play at a higher level and want to leave for that alone, he didn’t want 50 games at this level anyway, and he does deserve better.
I think the frustration is, even after the owners have laid it out.., in black and white plain English, there are still fans clinging on to the emotion and dream they invested in, for dear life.
They can’t separate their ego, the club, and what they bought into from the facts and the evidence.
If we’d spent £50 million, the owners wouldn’t be selling up.
We spent what could still reach closer to £150 million.., on the promise that it would guarantee staying up (as much as it could)
The owners got it wrong.., the bought in to Ashton specifically and that narrative, that McKenna was the real deal.
Last season, he 100% wasn’t, and the financial consequences alone, when you spend more than any promoted club in history, are defining for our future.
Ashton wouldn’t be here if the owners didn’t need continuity.
Now he has to fix his mess.., and player sales are part of that.
We can’t service the amortised liabilities if spending £100-150 million over 4 years on EFL revenue, it’s not possible.
We’ll sell over £70 million worth of players and reduce those liabilities, banking profits if we can, but losses if we need to, to get those liabilities off the books.
It’s a mess of our own making.
Supporters still just clinging on to the clubs made up nonsense because it feels good, doesn’t help.
At least with some honesty, as much as it’s not ideal, we can start to dream again!!!
This time maybe we can focus on the off the field requirements at based level, and being actually best in class, not EFL level.
There’s a huge amount to be positive about…, if we can get new owners who are football people, and understand what elite looks like.
Omari .., be thankful we had him, an absolute joy to watch, and he’s, we had a chance with him and Delap to build something beautiful, they are THAT good.
But we blew it.
And you clapped every Ashton mistake too.., no finger pointing.., we needed agency, and we got mostly looking the other way to bad decision after bad decision after bad decision.
It’s still true today.
The size of last years failures was spectacular, it wasn’t a minor setback.
We need new owners and a totally new direction now.
The owners, many staff, and many players, have lost faith in our project.
If that isn’t definitive (the closest people to Ashton and McKenna) I don’t know what is. |
Considering most should stay, I would suggest our off season 2024/25 recruitment will be judged a lot more in 6 months and ultimately next May.
Most fans had us spending 60-80M tops on here. There should be big pressure to get up automatically this year and there will be.
On paper does Sunderland's recruitment look more exciting, i would say yes but let's see how they fair. Worth noting that if they come down you'd expect them to have a lot less continuity going into their next Championship campaign. If they hit, then fair play to them.
Nice to see us exploring more international markets, I had been critical of that. The entire league 1 crew have nearly been replaced and that should be expected with our net spend and Parachute money, hopefully more to come. | | | |
| Assuming Hutch goes (and he clearly will) on 19:58 - Jul 10 with 856 views | vilanovablue |
I'm not worrying g about it, if he goes so be it. The hysteria has been tedious. |  | | |
| Assuming Hutch goes (and he clearly will) on 20:55 - Jul 10 with 799 views | vapour_trail |
Apologies (not really) for adding to the uninformed speculation, but Forest must be in the queue now given they’ve offloaded Elanga and Giibs White for a combined 115m this week.
And he would get game time there. And play in Europe. |  |
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| Assuming Hutch goes (and he clearly will) on 21:08 - Jul 10 with 774 views | Herbivore |
| Assuming Hutch goes (and he clearly will) on 20:55 - Jul 10 by vapour_trail |
Apologies (not really) for adding to the uninformed speculation, but Forest must be in the queue now given they’ve offloaded Elanga and Giibs White for a combined 115m this week.
And he would get game time there. And play in Europe. |
I did wonder about that, but I'm not sure whether he's direct enough for Forest. |  |
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| Assuming Hutch goes (and he clearly will) on 21:10 - Jul 10 with 758 views | Metal_Hacker |
| Assuming Hutch goes (and he clearly will) on 21:08 - Jul 10 by Herbivore |
I did wonder about that, but I'm not sure whether he's direct enough for Forest. |
Personally I think he’s a perfect fit for them unfortunately
He’s strong , pacey , great work rate and can break the lines carrying the ball
Perfect fit |  |
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| Assuming Hutch goes (and he clearly will) on 21:11 - Jul 10 with 753 views | Herbivore |
| Assuming Hutch goes (and he clearly will) on 21:10 - Jul 10 by Metal_Hacker |
Personally I think he’s a perfect fit for them unfortunately
He’s strong , pacey , great work rate and can break the lines carrying the ball
Perfect fit |
Maybe, I don't think he's like for like for Elanga though or for Gibbs-White. [Post edited 10 Jul 21:12]
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| Assuming Hutch goes (and he clearly will) on 21:19 - Jul 10 with 732 views | vapour_trail |
| Assuming Hutch goes (and he clearly will) on 21:11 - Jul 10 by Herbivore |
Maybe, I don't think he's like for like for Elanga though or for Gibbs-White. [Post edited 10 Jul 21:12]
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No he’s not like for like for either, but they do like the profile of young, bit of experience, upsell potential, and they’ve started to do it well following the earlier more scattergun approach when they first went up.
And they have a lot of cash all of a sudden. | |
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| Assuming Hutch goes (and he clearly will) on 21:33 - Jul 10 with 704 views | Herbivore |
| Assuming Hutch goes (and he clearly will) on 21:19 - Jul 10 by vapour_trail |
No he’s not like for like for either, but they do like the profile of young, bit of experience, upsell potential, and they’ve started to do it well following the earlier more scattergun approach when they first went up.
And they have a lot of cash all of a sudden. |
True, just wonder if they'll see much value in him at £35m. It's a big old fee. I know they spent similar on Gibbs-White but he'd done well at Wolves and was a bit more proven. They got Elanga and Hudson-Odoi for very little, in terms of fees anyway. I wouldn't be completely surprised if they went for him, just not convinced he's quite the profile they'd be after at that level of fee. | |
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| Assuming Hutch goes (and he clearly will) on 07:28 - Jul 11 with 484 views | Churchman |
| Assuming Hutch goes (and he clearly will) on 10:48 - Jul 10 by bartyg |
any chance of you stringing a coherent sentence together |
I don’t like using it because it can destroy the sense of the thread, but occasionally the ‘ignore’ button has to be deployed.
Darkhorse Budgieboy is one of those instances and the world is a better place for it. |  | | |
| Assuming Hutch goes (and he clearly will) on 07:36 - Jul 11 with 466 views | NthQldITFC |
| Assuming Hutch goes (and he clearly will) on 10:40 - Jul 10 by darkhorse28 |
I think the frustration is, Omari is 100% going. Even if he didn’t want to, WE need him to (the owners).
We ARE up for sale, we DID spend up to £100 million and we DID make our manager one of the best paid in Europe.
We rolled the dice, it didn’t work…, pretending it’s a long term project, and we are ‘building’ doesn’t fit what actually happened.
We spent an eye watering sum of money, didn’t get very good value, and got horrific outcomes .
These are the consequences.., we can lose part of £20 million liabilities over the next 3 years and boom a £15 million profit or £10 million at least, and that’s 100% why he’s going.
Ni it’s and no buts. Gone. And he’ll play at a higher level and want to leave for that alone, he didn’t want 50 games at this level anyway, and he does deserve better.
I think the frustration is, even after the owners have laid it out.., in black and white plain English, there are still fans clinging on to the emotion and dream they invested in, for dear life.
They can’t separate their ego, the club, and what they bought into from the facts and the evidence.
If we’d spent £50 million, the owners wouldn’t be selling up.
We spent what could still reach closer to £150 million.., on the promise that it would guarantee staying up (as much as it could)
The owners got it wrong.., the bought in to Ashton specifically and that narrative, that McKenna was the real deal.
Last season, he 100% wasn’t, and the financial consequences alone, when you spend more than any promoted club in history, are defining for our future.
Ashton wouldn’t be here if the owners didn’t need continuity.
Now he has to fix his mess.., and player sales are part of that.
We can’t service the amortised liabilities if spending £100-150 million over 4 years on EFL revenue, it’s not possible.
We’ll sell over £70 million worth of players and reduce those liabilities, banking profits if we can, but losses if we need to, to get those liabilities off the books.
It’s a mess of our own making.
Supporters still just clinging on to the clubs made up nonsense because it feels good, doesn’t help.
At least with some honesty, as much as it’s not ideal, we can start to dream again!!!
This time maybe we can focus on the off the field requirements at based level, and being actually best in class, not EFL level.
There’s a huge amount to be positive about…, if we can get new owners who are football people, and understand what elite looks like.
Omari .., be thankful we had him, an absolute joy to watch, and he’s, we had a chance with him and Delap to build something beautiful, they are THAT good.
But we blew it.
And you clapped every Ashton mistake too.., no finger pointing.., we needed agency, and we got mostly looking the other way to bad decision after bad decision after bad decision.
It’s still true today.
The size of last years failures was spectacular, it wasn’t a minor setback.
We need new owners and a totally new direction now.
The owners, many staff, and many players, have lost faith in our project.
If that isn’t definitive (the closest people to Ashton and McKenna) I don’t know what is. |
I had you on ignore, but unfortunately can't avoid your ridiculous, yes utterly ridiculous bile before logging in.
You strike me as the Norfolk version of Donald Trump.
Yuck.
This can't be good for you. | |
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| (No subject) (n/t) on 11:15 - Jul 11 with 345 views | Tractor_Boy333 |
| Assuming Hutch goes (and he clearly will) on 08:47 - Jul 10 by BarcaBlue |
Have you considered that footballers are just like the majority of the population who want to better themselves by earning more and working at the top level possible? Delap has far more chance of playing for England at Chelsea than he ever would in the Championship. Omari would start every game for any team outside the PL but it doesn't mean he should give up on playing there. These are confident and ambitious young men and are unlikely to be solely motivated by minutes in the Champ. |
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