Jackie Broon

What's the plan when you're heading for League One, with mountains of debt and a pink elephant of a stadium that you couldn't fill when giving away thousands of free tickets in the Premier League? Increase the capacity to 60,000 https://www.readytogo.net/smb/threads/takeover-talks-not-going-great.1426593/page-2#post-27408245

All possible permutations are bad for them tonight: Birmingham win - Birmingham would be uncatchable from that position, Bolton not getting another point would be their only realistic hope. Bolton win - Bolton would be uncatchable and Birmingham will pick up enough from their remaining fixtures to stay ahead of them anyway. Draw - both of their main relegation rivals pull another point ahead of them. Win, win, win.

It's the Dunning-Stifler Effect. Get well soon Butch!

That would make very little sense now, the deadline for the points deduction not to be carried over to next season was 5pm today. The fact they haven't gone into administration is probably terrible news for them in the long run, chances are they'll end up in administration sooner or later and the points deduction will actually hurt them when they do. It could even send them spiraling into League 2

Not sure how you come to that conclusion. In fact, it will result in a greater loss of value than would otherwise occur because assets will be sold on a disorderly basis and decided by a third party rather than over a period of time and as decided by the board. Assets? Short is reportedly willing to write off his part of the debt and give the club away for nothing and he can't even find anyone willing to take it off his hands.

There is no foreseeable prospect of their finances improving, the club is running at a huge loss and there's no realistic prospect of being able to refinance the debt at the end of the loan term. There are no assets or income of equal value to secure it against once the parachute payments end and there almost certainly won't be enough not enough income to cover repayments. For both Short and the loan company cutting their losses at this point makes sense because the longer they leave it the larger their losses are likely to be.

"Around half of the debt, £69m, is owed to the London-based businessman personally and it is thought the billionaire may forego some or all of that figure as part of any deal." http://www.bbc.co.uk/sport/amp/football/43157628

He gains from administration in that it would allow him to just walk away from the club. Otherwise he has to find someone to take it off his hands, which isn't looking likely.

On this note would it make sense for them to go into admin this season when they're all but dead but not quite? Get the penalty this season rather than next. I have no pretense to be a financial expert, but what I have gleaned is... It is currently costing Short £20m per season to keep the club afloat and he wants rid as soon as possible. He is willing to virtually give the club away to anyone willing to take on the club and its other £30m of debt secured against the parachute payments, writing off the remaining debt owed to his company. Administration would allow Short to simply walk away, the administrators would look to find a new owner, who would be liable to pay the secured creditors (including the £30m) and 30% of what is owed to the unsecured creditors (including Short's company). Going into administration before the 22nd deadline would mean that the club doesn't end going into next season with a points deduction, which would almost certainly lessen the chances of finding a buyer. Unless I'm completely wrong in the above (which is a distinct possibility) if relegation is still looking inevitable on the 22nd there may be significant benefits for Short in pulling the plug and putting the club into administration. The external debt is £68million secured against the parachute payments isn't it? The rest of the debt is owed to Short so he would be writing his own money off which doesn't make sense to me. He's indicated that he would give the club away to anyone willing to take on the debt, and may be willing to write off his part of the debt as part of that. www.bbc.co.uk/sport/amp/football/43157628 Realistically he'll know he is not getting that money back, the club is a money pit and is just going to cost him more and more millions the longer he owns it. It makes perfect sense to for him to want to cut his losses.

On this note would it make sense for them to go into admin this season when they're all but dead but not quite? Get the penalty this season rather than next. I have no pretense to be a financial expert, but what I have gleaned is... It is currently costing Short £20m per season to keep the club afloat and he wants rid as soon as possible. He is willing to virtually give the club away to anyone willing to take on the club and its other £30m of debt secured against the parachute payments, writing off the remaining debt owed to his company. Administration would allow Short to simply walk away, the administrators would look to find a new owner, who would be liable to pay the secured creditors (including the £30m) and 30% of what is owed to the unsecured creditors (including Short's company). Going into administration before the 22nd deadline would mean that the club doesn't end going into next season with a points deduction, which would almost certainly lessen the chances of finding a buyer. Unless I'm completely wrong in the above (which is a distinct possibility) if relegation is still looking inevitable on the 22nd there may be significant benefits for Short in pulling the plug and putting the club into administration.

The deadline for the administration points deduction to apply to this season rather than next (if they would be relegated anyway) is Thursday 22nd. With a chunk of their debt secured against parachute payments and little hope of getting back to the Premier League before they end, I wouldn't be surprised if they go into administration if they lose to Preston.

Hull 4-3

Sundenfreude

yep their 1st team will play our u23s. I can just see rtg if they won now... '7 in a row 1-9 FTM'.

I remember it like it was yesterday. On the day it was announced I was in an English lesson at school (Heaton Manor Benton site) and the deputy head burst into the room and said "guess who is the new Newcastle manager... Kevin Keegan!" he went round the whole school doing that. I remember the impact he had on the city as a player as well. I was only 8 when he flew off in the helicopter and not interested in football at all but I loved Kevin Keegan.

If Darlow or Elliot had played today we would have conceded one or more. So many matches this season we've lost or drawn on fine margins with those two conceding goals or putting us under pressure with poor command of the box, weak kicking and weak hands. On that performance he will tip the balance in our favor in a lot of the remaining games.

Remember reading something like you can't do it that way after a certain date? Fourth Thursday of March according to Wikipedia.

Expect them to go into administration before the end of March to avoid their points deduction carrying over to next season in League One.

Just like when they won their first few league titles.

This is why I don't really get their hatred and blame of Short for their footballing position. Pretty much all of his managerial appointments have been initially popular with their support, he supported those managers with significant transfer funds (until it was completely unsustainable to do so) and when their support turned against each one of those initially popular appointments they were swiftly replaced. The mess has been created by Short giving them what they called for.

The reason they are in a mess is because of Ellis Short, Their net transfer spending over the past 10 years has been in the top 20 clubs in the world. Short has supported them, it's not entirely his fault that the spending he's allowed has been wasted. Ultimately their issue is they're trying to be something that they are not. In reality they are a mediocre club in a shithole city. In attempting to appear to be something they are not, at the insistence of their support, they've had to pay over the odds to attract players who don't really want to be there. That has led to a collective malaise in the squad. It's not Short's fault that they have a city and club up the road that is fundamentally superior in every respect and a support that cannot accept that fact.

But I thought they don't want to sign Africans anyway. Is Algeria not too African for them? What could be different about north African people? Random factoid; Africa is massively genetically diverse, far more than the rest of the world put together, northern Europeans are actually more closely genetically related to Aboriginal Australians than West Africans are to East Africans.

Nah. Ashley keeping the club means he is now going to be responsible for keeping us up. He has to back Rafa basically and if it cost the club £20m, so be it. If we go down after he's put his faith in Rafa's judgement, relegation will be purely down to the manager. This is an “ashley isn’t stupid enough to let us be relegated” post. No, it's an "Ashley will be willing to spend £20m (of the club's money) in order to avoid relegation/shift the blame to Rafa if we go down". Then why have we been haggling over the price of this lad for over a week? Feyenoord aren’t going to shift on their price, so why are we so reluctant to spend that £20m that is apparently readily available? It's called negotiating. Most clubs do it. Negotiation typically goes like: stage 1 - daft offer you know isn't going to be accepted stage 2 - more sensible offer stage 3 - agree to meet in the middle Ashley's negotiation process appears to be: stage 1 - daft offer you know isn't going to be accepted stage 2 - slightly higher daft offer that isn't going to be accepted stage 3 - walk away Ironically, when someone else tries a similar negotiation technique with him he calls them a timewaster.

If we manage to clamber to safety Ashley will almost certainly up his asking price. He will not give a f*** about losing Rafa, or what would be a small section of the support. He'll pocket as much of the premier league money as he can, bring in another yes-man manager and continue gambling on survival with as little investment as possible. he's ran out of yes men and gambling. If he doesn't sell he has killed the club and will never get anything like he can possibly get for it in the next 6 months ever again. It's plain to see to anyone looking that we have finally got a possible buyer who is open with their future plans for the club, and has only been held back from giving fatty his current price due to his tight arsed mis-management of the club, hence the need for clauses. If we are safe from relegation later in the season and PCP decide to match his offer, and he ups it to £400 million due to potential TV deals, who's to say that PCP won't say OK then, here you go? If that were the case the deal would've been done already. I thought Ashley would have realised that it was his best and last chance to get out, I though he was just trying to squeeze all he could out of PCP, knowing he'd have to sell before January or face potentially being completely stuck with us. His ego is clearly more important to him than what happens with the club, he probably feels that he was fucked over when he bought the club and he won't sell unless he feels he has fucked over the new owners.

If we manage to clamber to safety Ashley will almost certainly up his asking price. He will not give a fuck about losing Rafa, or what would be a small section of the support. He'll pocket as much of the premier league money as he can, bring in another yes-man manager and continue gambling on survival with as little investment as possible.