| Jeez who’d wanna own a football club eh (n/t) 15:17 - Apr 3 with 2159 views | SitfcB |
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| Jeez who’d wanna own a football club eh (n/t) on 15:21 - Apr 3 with 2117 views | FrimleyBlue |
By summer 24. That's got to be around £40 mill isn't it with the upcoming pitch costs. Increase in wages and Jan signings etc.
Also.. any reason why we still have loan notes? No idea what they are but at just over 300k why don't we just pay it off? |  |
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| Jeez who’d wanna own a football club eh (n/t) on 15:24 - Apr 3 with 2089 views | le2blue |
Just wait till they sell it for £500M+. We're just as big as Leicester City, if not bigger, and the valuation they had last year was c. £700M for interested parties.
The upside potential is massive for GC, the investments right now are what's needed for them to get their returns and will pale into insignificance if they get it right, they are showing all the signs of being able to do so. [Post edited 3 Apr 2023 15:31]
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| Depends ... on 15:27 - Apr 3 with 2065 views | Nthsuffolkblue |
which club are you offering at what terms?
The Glazers seem to have done nicely out of owning United using mainly borrowed money don't they? |  |
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| Jeez who’d wanna own a football club eh (n/t) on 15:27 - Apr 3 with 2061 views | SomethingBlue |
They can do many more years of losses like this, get us to the Prem and still absolutely rake it in. The rewards will be spectacular. |  |
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| Jeez who’d wanna own a football club eh (n/t) on 15:31 - Apr 3 with 1992 views | Nthsuffolkblue |
| Jeez who’d wanna own a football club eh (n/t) on 15:27 - Apr 3 by SomethingBlue |
They can do many more years of losses like this, get us to the Prem and still absolutely rake it in. The rewards will be spectacular. |
On the assumption there will remain buyers prepared to pay at that time.
They are taking a calculated gamble but it has the benefit to us that they realise the only way it pays off is if the club is run properly. | |
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| Jeez who’d wanna own a football club eh (n/t) on 15:45 - Apr 3 with 1866 views | iamatractorboy |
Does anyone know how this squares with the FFP rules? I'm not saying there's anything to worry about, it is just rather an eye watering amount at this level of the game. | | | |
| Jeez who’d wanna own a football club eh (n/t) on 15:50 - Apr 3 with 1817 views | chicoazul |
How much financial doping is too much financial doping? |  |
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| Jeez who’d wanna own a football club eh (n/t) on 15:52 - Apr 3 with 1770 views | Nthsuffolkblue |
| Jeez who’d wanna own a football club eh (n/t) on 15:45 - Apr 3 by iamatractorboy |
Does anyone know how this squares with the FFP rules? I'm not saying there's anything to worry about, it is just rather an eye watering amount at this level of the game. |
The bigger the loss, the more tax they can claim back to cover it. ME must be very jealous. | |
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| Jeez who’d wanna own a football club eh (n/t) on 16:25 - Apr 3 with 1651 views | dirtyboy |
| Jeez who’d wanna own a football club eh (n/t) on 15:52 - Apr 3 by Nthsuffolkblue |
The bigger the loss, the more tax they can claim back to cover it. ME must be very jealous. |
lol |  | | |
| Jeez who’d wanna own a football club eh (n/t) on 16:33 - Apr 3 with 1590 views | dirtyboy |
| Jeez who’d wanna own a football club eh (n/t) on 15:45 - Apr 3 by iamatractorboy |
Does anyone know how this squares with the FFP rules? I'm not saying there's anything to worry about, it is just rather an eye watering amount at this level of the game. |
The rules mean the owners have to inject it as share capital, rather than just say an intercompany loan (repayable on demand).
The only way the current owners can get their money back is by selling those shares for more than they've put in.
It's a long term strategy and they look to be bolstering balance sheet, so will spend £Xm on pitch, but it's an asset (albeit a depreciating one) and means the spending is matched to something worth something, if that makes sense?
Therefore the pension fund isn't just seeing money poured into just wages and transfer fees so don't view it in such a bad way.
They're not looking for profit on business activities, more likely a sale......then who we end up as owners is the next worry! | | | |
| The next owners on 16:37 - Apr 3 with 1562 views | Dyland |
| Jeez who’d wanna own a football club eh (n/t) on 16:33 - Apr 3 by dirtyboy |
The rules mean the owners have to inject it as share capital, rather than just say an intercompany loan (repayable on demand).
The only way the current owners can get their money back is by selling those shares for more than they've put in.
It's a long term strategy and they look to be bolstering balance sheet, so will spend £Xm on pitch, but it's an asset (albeit a depreciating one) and means the spending is matched to something worth something, if that makes sense?
Therefore the pension fund isn't just seeing money poured into just wages and transfer fees so don't view it in such a bad way.
They're not looking for profit on business activities, more likely a sale......then who we end up as owners is the next worry! |
I'm betting it will be North Korea. |  |
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| Jeez who’d wanna own a football club eh (n/t) on 16:41 - Apr 3 with 1534 views | Illinoisblue |
| Jeez who’d wanna own a football club eh (n/t) on 15:45 - Apr 3 by iamatractorboy |
Does anyone know how this squares with the FFP rules? I'm not saying there's anything to worry about, it is just rather an eye watering amount at this level of the game. |
I believe it’s easier for us to operate this way in L1 than it would be in the Championship. Hopefully we’ll find out soon if that’s the case |  |
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| Jeez who’d wanna own a football club eh (n/t) on 16:43 - Apr 3 with 1505 views | nodge_blue |
If we are still in league one next year I don't think we would need to recruit more than one or two players. So hopefully that figure plateaus a bit. |  |
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| Jeez who’d wanna own a football club eh (n/t) on 16:44 - Apr 3 with 1494 views | Ewan_Oozami |
| Jeez who’d wanna own a football club eh (n/t) on 15:50 - Apr 3 by chicoazul |
How much financial doping is too much financial doping? |
Depends on the owner's record on human rights I guess... |  |
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| Jeez who’d wanna own a football club eh (n/t) on 16:49 - Apr 3 with 1461 views | iamatractorboy |
| Jeez who’d wanna own a football club eh (n/t) on 16:33 - Apr 3 by dirtyboy |
The rules mean the owners have to inject it as share capital, rather than just say an intercompany loan (repayable on demand).
The only way the current owners can get their money back is by selling those shares for more than they've put in.
It's a long term strategy and they look to be bolstering balance sheet, so will spend £Xm on pitch, but it's an asset (albeit a depreciating one) and means the spending is matched to something worth something, if that makes sense?
Therefore the pension fund isn't just seeing money poured into just wages and transfer fees so don't view it in such a bad way.
They're not looking for profit on business activities, more likely a sale......then who we end up as owners is the next worry! |
Thanks for that, makes sense (insofar as FFP does anyway!). | | | |
| Jeez who’d wanna own a football club eh (n/t) on 19:33 - Apr 3 with 1086 views | britbiker |
| Jeez who’d wanna own a football club eh (n/t) on 15:24 - Apr 3 by le2blue |
Just wait till they sell it for £500M+. We're just as big as Leicester City, if not bigger, and the valuation they had last year was c. £700M for interested parties.
The upside potential is massive for GC, the investments right now are what's needed for them to get their returns and will pale into insignificance if they get it right, they are showing all the signs of being able to do so. [Post edited 3 Apr 2023 15:31]
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Although I'm not complaining as it's stopped the downward spiral we were on,. I find it weird that it's a pension fund that's taking this risk/gamble.
I could understand a hedge fund or something similar maybe, but a fire service pension scheme.
Explain that one to the auditors if it goes belly up. We blew £40 million into a lower league 'soccer' team. |  | | |
| Jeez who’d wanna own a football club eh (n/t) on 20:03 - Apr 3 with 939 views | SheffordBlue |
| Jeez who’d wanna own a football club eh (n/t) on 19:33 - Apr 3 by britbiker |
Although I'm not complaining as it's stopped the downward spiral we were on,. I find it weird that it's a pension fund that's taking this risk/gamble.
I could understand a hedge fund or something similar maybe, but a fire service pension scheme.
Explain that one to the auditors if it goes belly up. We blew £40 million into a lower league 'soccer' team. |
Their pension fund size is over $18 billion. It will be a mix of low risk/low return investments up to high risk/high return. We're in the lattter category and if they can get us to the Premier League while improving the assets they own (pitches/stadium etc) then they'll make a great return.
As long as the overall returns for the fund as a whole are good the odd investment going belly up (which won't be us) will be viewed as fine. | |
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| Jeez who’d wanna own a football club eh (n/t) on 20:03 - Apr 3 with 938 views | chicoazul |
| Jeez who’d wanna own a football club eh (n/t) on 19:33 - Apr 3 by britbiker |
Although I'm not complaining as it's stopped the downward spiral we were on,. I find it weird that it's a pension fund that's taking this risk/gamble.
I could understand a hedge fund or something similar maybe, but a fire service pension scheme.
Explain that one to the auditors if it goes belly up. We blew £40 million into a lower league 'soccer' team. |
It’s a tiny investment relatively speaking and they won’t lose money on it even if they sold tomorrow. | |
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