madras

Of course no one knows if we'd have gone out of business if Ashley hadn't bought the club. But when he did buy it our balance sheet was insolvent and that means that someone had to guarantee to fund the club for the next 12 months or the auditors wouldn't sign it off as a going concern. If its not signed off as a going concern every secured creditor has the right to foreclose. So who was going to give that guarantee if Ashley didn't? I do, and the answers is no. ;-)Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. Things have changed now though, because the clubs debts have nearly trebled in three years and now exceed its market value. didn't quayside point out that we were insolvent and ashley had to prove he had the funds to keep us going to the auditors ? And? you said the answer was no as solvent clubs could blah blah blah................our balance sheet wasn't solvent. No I didn’t. Do you want me to rephrase it so you can have another stab at the reading thing? Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. that to me doesn't describe an insolvent balance sheet. Did I say the club had to be solvent at the point of sale? It all boils down to getting a return on your investment. An insolvent business isn’t automatically a dead duck; it can still represent an attractive acquisition if the potential future income exceeds its liabilities. The debt levels merely determine the price, and since NUFC was sold for £135m there was clearly a long way to go before it became worthless. had ashley done due dilligence hall/shepherd would have got nowhere near that figure. would it be going to far to say ashley was the only one interested and he quite possibly wouldn't have bought had he known the full scale of things............then what was there to keep us solvent ? What price would they have got then, and how do you arrive at this figure? i didn't arrive at any figure. it just seems to me that given freds last full years accounts wouldn't warrant the price that ashley paid which is also why those that did due dilligence ran a mile.

rubbish. england should be playing ALL their games around the country and wembley should never have been built.

Of course no one knows if we'd have gone out of business if Ashley hadn't bought the club. But when he did buy it our balance sheet was insolvent and that means that someone had to guarantee to fund the club for the next 12 months or the auditors wouldn't sign it off as a going concern. If its not signed off as a going concern every secured creditor has the right to foreclose. So who was going to give that guarantee if Ashley didn't? I do, and the answers is no. ;-)Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. Things have changed now though, because the clubs debts have nearly trebled in three years and now exceed its market value. didn't quayside point out that we were insolvent and ashley had to prove he had the funds to keep us going to the auditors ? And? you said the answer was no as solvent clubs could blah blah blah................our balance sheet wasn't solvent. No I didn’t. Do you want me to rephrase it so you can have another stab at the reading thing? Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. that to me doesn't describe an insolvent balance sheet. Did I say the club had to be solvent at the point of sale? It all boils down to getting a return on your investment. An insolvent business isn’t automatically a dead duck; it can still represent an attractive acquisition if the potential future income exceeds its liabilities. The debt levels merely determine the price, and since NUFC was sold for £135m there was clearly a long way to go before it became worthless. had ashley done due dilligence hall/shepherd would have got nowhere near that figure. would it be going to far to say ashley was the only one interested and he quite possibly wouldn't have bought had he known the full scale of things............then what was there to keep us solvent ?

haven't bothered tonight. don't like friendlies and not stopping up long enough to see anything out in-play.

Of course no one knows if we'd have gone out of business if Ashley hadn't bought the club. But when he did buy it our balance sheet was insolvent and that means that someone had to guarantee to fund the club for the next 12 months or the auditors wouldn't sign it off as a going concern. If its not signed off as a going concern every secured creditor has the right to foreclose. So who was going to give that guarantee if Ashley didn't? I do, and the answers is no. ;-)Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. Things have changed now though, because the clubs debts have nearly trebled in three years and now exceed its market value. didn't quayside point out that we were insolvent and ashley had to prove he had the funds to keep us going to the auditors ? And? you said the answer was no as solvent clubs could blah blah blah................our balance sheet wasn't solvent. No I didn’t. Do you want me to rephrase it so you can have another stab at the reading thing? Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. that to me doesn't describe an insolvent balance sheet.

more disgusted at those that sing it then,monarchist twats........up the republic.

keith alexander

When Scholes was playing for England, it annoyed the hell out of me when he wouldn't sing...... i'm not watching. what wouldn't they sing ?

Of course no one knows if we'd have gone out of business if Ashley hadn't bought the club. But when he did buy it our balance sheet was insolvent and that means that someone had to guarantee to fund the club for the next 12 months or the auditors wouldn't sign it off as a going concern. If its not signed off as a going concern every secured creditor has the right to foreclose. So who was going to give that guarantee if Ashley didn't? I do, and the answers is no. ;-)Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. Things have changed now though, because the clubs debts have nearly trebled in three years and now exceed its market value. didn't quayside point out that we were insolvent and ashley had to prove he had the funds to keep us going to the auditors ? And? you said the answer was no as solvent clubs could blah blah blah................our balance sheet wasn't solvent.

Thats the thing though isnt it? We were running up substantial year on year losses and had run out of ways to generate money. If nothing had changed (ie a new owner or if Fred had got outside investment) then we could well be where Portsmouth are now You are missing the crucial point, we had the potential to get back in the black, if we achieved success on the pitch, there was room for revenue expansion. For Pompey there was never a chance in hell of them being able to get into any kind of profitable state, even if they went on to champions league qulaification, they just didn't have the fan base, or structure in place to sustain it. I'm not saying we were anywhere near that responsible but our situation is or was the same as pompey's. and there is the crux of the matter. to achieve success on the pitch it would mean going further into the red from the position we were already in.........you can't go on borrowing indefinitly and some say we had nothing left to borrow against.

Of course no one knows if we'd have gone out of business if Ashley hadn't bought the club. But when he did buy it our balance sheet was insolvent and that means that someone had to guarantee to fund the club for the next 12 months or the auditors wouldn't sign it off as a going concern. If its not signed off as a going concern every secured creditor has the right to foreclose. So who was going to give that guarantee if Ashley didn't? I do, and the answers is no. ;-)Football clubs only go out of business when their debts exceed the market value of the club in a solvent state, and a solvent NUFC is worth a more than £75m. Things have changed now though, because the clubs debts have nearly trebled in three years and now exceed its market value. didn't quayside point out that we were insolvent and ashley had to prove he had the funds to keep us going to the auditors ?

You are right. Please get your address book with list of preferred owners and instruct them to buy the club ASAP. Inform them in no uncertain terms that we will require a transfer war chest of at least £50million plus funds required to hire a top manager. Sorted. I never once said i had all the answers (or any for that matter). And i never once metioned "we need millions spent on transfers" either. In the meantime then we do need transfer funds and answers and only one person is capable of providing either and that's Fat Ashley. Until someone else steps forward it doesn't really matter if he's Billy Liar or the Sultan of Brunei. Your missing the whole point of my post. I'm not expecting a multi billionaire to step out of the woodwork and save us. The point i was making was that Ashleys tactics of making us fans feel like we should be kissing his arse are total rubbish. HE got us into this mess. HE is a proven liar when it comes to statements about the club. I just don't buy anything the guy says, and for some people to suddenly have him as our saving angel is just to much for me to swallow. He will never have the best interests of the club at heart. All he is doing is keeping going until he can maximize the amount of money he will get back when he sells the club (and i'm not saying he won't have to take a hit on his investment but it was his bad decision making that saw the value plummet) to the first person willing to match his asking price. And anyone who believes the crap from Lambiarse about "the club is not for sale" is very naive. this mess has been getting there since 2004.

that could have been written at any time over the last decade or so.

He’s certainly very good at lining his own pockets. How much do you anticipate he's lined them with from the football club overall? Well to date it looks like he’s made a pigs ear of it, but that’s not to say he won’t fill his boots in the long run. The question is how is he is going to try and make a big fat profit out of NUFC after SJH made a mug of him. He could try and build a relevantly successful club PL that regularly competes in Europe and then sell up. Or he could just try and screw us over. And how would that work? If he's going to 'make a big fat profit out of NUFC' how is trying to screw us over going to help him achieve it? He could be planning on hanging around the PL on a CCC budget for a few years and pocketing the extra TV money. Three or four years impersonating Bolton would be enough to claw back the money he has lent the club, anything after that would be pure profit. It’d be gamble, but I don’t that seeing putting him off. People can be as happy clappy about being top of this pitifully poor league as they want. Enjoy it; the real fallout of the last two years has yet to show its teeth. So hanging around in the PL for a few years is him screwing us over? Wouldn't it be embezzlement if he pockets the extra TV money? anything after that would be pure profit ?...................wouldn't he first have to make back the money he has spent on buying us and the major loan (close on 200million i think) before getting ingto "pure" profit ? The deeds to the club are an asset is that asset worth 200million ? That depends on the market value at the time of sale, but the chances of the club ever being worth £200m are remote. Which begs the question, how is Ashley going to get his money back? it begs the question how you think if we hang about in a bolton position you think he'll be making pure profit ?

He’s certainly very good at lining his own pockets. How much do you anticipate he's lined them with from the football club overall? Well to date it looks like he’s made a pigs ear of it, but that’s not to say he won’t fill his boots in the long run. The question is how is he is going to try and make a big fat profit out of NUFC after SJH made a mug of him. He could try and build a relevantly successful club PL that regularly competes in Europe and then sell up. Or he could just try and screw us over. And how would that work? If he's going to 'make a big fat profit out of NUFC' how is trying to screw us over going to help him achieve it? He could be planning on hanging around the PL on a CCC budget for a few years and pocketing the extra TV money. Three or four years impersonating Bolton would be enough to claw back the money he has lent the club, anything after that would be pure profit. It’d be gamble, but I don’t that seeing putting him off. People can be as happy clappy about being top of this pitifully poor league as they want. Enjoy it; the real fallout of the last two years has yet to show its teeth. So hanging around in the PL for a few years is him screwing us over? Wouldn't it be embezzlement if he pockets the extra TV money? anything after that would be pure profit ?...................wouldn't he first have to make back the money he has spent on buying us and the major loan (close on 200million i think) before getting ingto "pure" profit ? The deeds to the club are an asset is that asset worth 200million ?

oxford down to 10men inside the last 10mins...i'd back cambridge if it was in play.

He’s certainly very good at lining his own pockets. How much do you anticipate he's lined them with from the football club overall? Well to date it looks like he’s made a pigs ear of it, but that’s not to say he won’t fill his boots in the long run. The question is how is he is going to try and make a big fat profit out of NUFC after SJH made a mug of him. He could try and build a relevantly successful club PL that regularly competes in Europe and then sell up. Or he could just try and screw us over. And how would that work? If he's going to 'make a big fat profit out of NUFC' how is trying to screw us over going to help him achieve it? He could be planning on hanging around the PL on a CCC budget for a few years and pocketing the extra TV money. Three or four years impersonating Bolton would be enough to claw back the money he has lent the club, anything after that would be pure profit. It’d be gamble, but I don’t that seeing putting him off. People can be as happy clappy about being top of this pitifully poor league as they want. Enjoy it; the real fallout of the last two years has yet to show its teeth. So hanging around in the PL for a few years is him screwing us over? Wouldn't it be embezzlement if he pockets the extra TV money? anything after that would be pure profit ?...................wouldn't he first have to make back the money he has spent on buying us and the major loan (close on 200million i think) before getting ingto "pure" profit ?

true

He should have run the club professionally from day one. The one thing we all agreed on was that the club needed stability, and what Ashley served up was the most chaotic 18 months in the club’s history. We didn’t even have a permanent manager for over a year. If NUFC were a club sailing close to the wind uinder SJH and Shepherd, Ashley fitted an outboard motor and set a crash course for the rocks. This is why I blame Ashley 100% for our current plight. When the club needed to be treated with care and respect he parked his tank on the pitch and started a war. NUFC are a genuine top half of the table PL club, they’re not Portsmouth. We didn’t need to panic; with a bit of sensible housekeeping and a bit of stability we’d be well on the road to recovery by now. That were not is entirely down to the way Ashley has run the club. the only people who really know if there was a need to panic are those who read the accounts and understood them.

brazil,bristol rovers win,cambridge laid (and they are already 1 up)..............ho hum.

got to admit the first time i went to wembley, walking up wembley way wasn't as exciting as it looked on the tele and inside the ground i was thinking "is this it ?" and was completely underwhelmed.

everyone will have their own view on this. the trick is to get the finances into a position that will allow us to invest in the playing side without just racking up bigger debts year. on year. like i've said previously i don't even mind running at a manageable loss if all is going well on the pitch. What’s your view? When do you think the state the club is in stops being somebody elses fault? i haven't got a clue. it's like when to get rid of a manager, you just feel that it is time.

No we havent Oh yes we have I don't know what figures you're basing the transfer "profit" on, as no fees seem to have been announced. If no fees have been announced how do you know we haven’t made a £10m+ in the transfer market? This financial year we’ve sold Martins for (a widely reported) £9m. Bassong (for a widely reported) £8m, and Duff for fee the press didn’t seem to care about. How much do you think Simpson, Best, Williamson and Routledge cost? if martins went for 9mill then we made a million loss overall not to mention that we'd still have been oweing some of the original 10mill fee. also the bassong money wont be all up front.

everyone will have their own view on this. the trick is to get the finances into a position that will allow us to invest in the playing side without just racking up bigger debts year. on year. like i've said previously i don't even mind running at a manageable loss if all is going well on the pitch.

ahh yes, the moocher will be back en vogue.