Guest neesy111 Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? have you read the figures?? how can ashley take a dividend when he is financing the running of the club at the moment??? Link to post Share on other sites More sharing options...
oldtype Posted January 21, 2009 Share Posted January 21, 2009 The entire club is Ashley's "dividend" now. Link to post Share on other sites More sharing options...
Guest fading star Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? have you read the figures?? how can ashley take a dividend when he is financing the running of the club at the moment??? company directors take dividends out of loss making companies all the time. Haven’t you seen the news recently? Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted January 21, 2009 Share Posted January 21, 2009 so he's not paid the debt off he's just made us indebted to him instead. 'great bloke' 2.2m loss, so basically breaking even, take into account not paying debt repayments and we're looking at a tidy profit. I'm sorry but that is possibly the worst post I think you have ever posted on here. Of course he was expecting payback for his loan, we all knew that from day one that if he was a sensible businessman, the money was only going to be given in an assumption that the £100m was going to be given back to him via an increased valuation of the club. And quaysides OP makes it clear that he has underwritten a £20m loss in the past year, hence giving that £20m a year he promised. With that in mind, it is clear that it is unrealistic to expect anyone coming in to do much difference unless they are genuine multi-billionaires who want some personal glory. All Ashley's faults must therefore by with regards to his handling of management affairs, as opposed lack of investment. Sorry mate, but how many times have we heard people praise ashley for putting his hand in his pocket to clear our debts? a thousand times? ten thousand times? this is just a big YOURE WRONG to all those ashley arse lickers. funny how great financial brains like LLLO missed that one, yet i suggested it over a year ago. clearing debt can be great if the club is up for sale as it means the new owners dont have to address that and inherit a club with a good balance sheet. this doesnt apply in our case as ashley wants this money paid to him. it can be good for a second reason - avoiding interest and loan repayments means money can be put back into the club for the manager to spend - once again, this doesnt apply to us. for us fans, you know, people who watch football being played on a football pitch, it can be good if having a reduced debt consequently improves our on field performance. i dont need to tell you that this has not happened. the £20m loss is primarily player amortisation, a paper loss. if owen moves into the last year of his contract the club would lose, say, £4m from the value of a year of his tenure at the club, something restricted to the balance sheets rather than cash flowing out of the club. in fact, £17.8m of that £20m is player amortisation. as with previous accounts which saw us make something like a £30m loss, this was reduced to £300,000 once amortisation and trading was taken out of the equation. the club is making a small loss, nothing substantial, which is no suprise considering how poorly the club has been ran on the field in shepherd's final years and the entirety of ashley's reign. the way to improve this is to invest in the managerial & playing staff. any business that wants to move forward has to go into debt, you have to make expenditures in the short-term to reap the rewards in the medium to long term. if ashley is not prepared to do this he should bugger off. trying to run a premiership club on a shoestring is counter-productive - you end up in situations like the one we are in currently, and it could get worse. those who like to defend ashley any chance they get need to wake up and realise this. All the money will be paid to him from the sale either directly via the loan or via the holding company he set up to purchase the shares though. You're in so far above your head it's frightening & you're making yourself look stupid. two points. i said that a couple of posts up - and you misunderstood what i was saying in the first place. once again the gigantic brain of LLLO strikes. Aye OK Link to post Share on other sites More sharing options...
Mick Posted January 21, 2009 Share Posted January 21, 2009 company directors take dividends out of loss making companies all the time. Havent you seen the news recently? Ashley is putting money in, not taking it out. Link to post Share on other sites More sharing options...
Guest neesy111 Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? have you read the figures?? how can ashley take a dividend when he is financing the running of the club at the moment??? company directors take dividends out of loss making companies all the time. Haven’t you seen the news recently? yes public company where they don't use there own money at all to buy the club etc the figures show ashley is keeping the club alive with his own cash, so why would he take money out then Link to post Share on other sites More sharing options...
Shearergol Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? have you read the figures?? how can ashley take a dividend when he is financing the running of the club at the moment??? company directors take dividends out of loss making companies all the time. Havent you seen the news recently? Have you read the original post? Link to post Share on other sites More sharing options...
quayside Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? Mort was not paid a salary by the club, fees of £1,357,000 were paid to Freshfields for his services. Wise, Vetere etc are included in a lump sum of about £70 million spent on wages I guess. As I said a few posts up that Ashley has taken nothing out by way of salary or dividend - or interest on his loan for that matter. Link to post Share on other sites More sharing options...
Guest fading star Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? have you read the figures?? how can ashley take a dividend when he is financing the running of the club at the moment??? company directors take dividends out of loss making companies all the time. Haven’t you seen the news recently? yes public company where they don't use there own money at all to buy the club etc the figures show ashley is keeping the club alive with his own cash, so why would he take money out then He hasn’t put any money in, he’s lent the club £100m. Link to post Share on other sites More sharing options...
Mick Posted January 21, 2009 Share Posted January 21, 2009 It's a pity Ashley wasn't a bit more forthcoming with his PR because I think he would get a lot more slack from the fans if they understood what was going on. Link to post Share on other sites More sharing options...
Mick Posted January 21, 2009 Share Posted January 21, 2009 He hasnt put any money in, hes lent the club £100m. That's money. Link to post Share on other sites More sharing options...
Guest toonlass Posted January 21, 2009 Share Posted January 21, 2009 Still think the bloke is a nob, but if he has saved the club from going under financially then fair play to him. Fat Fred was always more interested in getting himself a healthy wage packet from us. Link to post Share on other sites More sharing options...
Shearergol Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? have you read the figures?? how can ashley take a dividend when he is financing the running of the club at the moment??? company directors take dividends out of loss making companies all the time. Havent you seen the news recently? yes public company where they don't use there own money at all to buy the club etc the figures show ashley is keeping the club alive with his own cash, so why would he take money out then He hasnt put any money in, hes lent the club £100m. He's not eating. That's just a pie in his mouth. Link to post Share on other sites More sharing options...
BottledDog Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? have you read the figures?? how can ashley take a dividend when he is financing the running of the club at the moment??? company directors take dividends out of loss making companies all the time. Haven’t you seen the news recently? yes public company where they don't use there own money at all to buy the club etc the figures show ashley is keeping the club alive with his own cash, so why would he take money out then He hasn’t put any money in, he’s lent the club £100m. His own money. 70 for the debt, and 30 to keep the club going (plus another £10 million on top in June according to the OP). Link to post Share on other sites More sharing options...
fredbob Posted January 21, 2009 Share Posted January 21, 2009 It's a pity Ashley wasn't a bit more forthcoming with his PR because I think he would get a lot more slack from the fans if they understood what was going on. Should he have to though? Mort did go into a decent amount of detail about how much he'd pumped in, that should of been enough. The sad thing, is this still wont be recognised as a great thing for the club. Lets just hope that Wise et al pull in a great shift in the summer with a managers who's on board with these ideas. Link to post Share on other sites More sharing options...
Mick Posted January 21, 2009 Share Posted January 21, 2009 He's not eating. That's just a pie in his mouth. Link to post Share on other sites More sharing options...
Mick Posted January 21, 2009 Share Posted January 21, 2009 Should he have to though? Mort did go into a decent amount of detail about how much he'd pumped in, that should of been enough. The sad thing, is this still wont be recognised as a great thing for the club. Lets just hope that Wise et al pull in a great shift in the summer with a managers who's on board with these ideas. Yes he should have to, the consequences of not getting you message across is clear for all to see. Link to post Share on other sites More sharing options...
Guest fading star Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? Mort was not paid a salary by the club, fees of £1,357,000 were paid to Freshfields for his services. Wise, Vetere etc are included in a lump sum of about £70 million spent on wages I guess. As I said a few posts up that Ashley has taken nothing out by way of salary or dividend - or interest on his loan for that matter. Cheers. Wise & Co aren’t players but I’m not going to quibble. What I really want to know is how much SportsDirect are paying for all the prime advertising space they get, but I doubt we’ll ever now. What odds on SD being our shirt sponsor next season? Link to post Share on other sites More sharing options...
fredbob Posted January 21, 2009 Share Posted January 21, 2009 Should he have to though? Mort did go into a decent amount of detail about how much he'd pumped in, that should of been enough. The sad thing, is this still wont be recognised as a great thing for the club. Lets just hope that Wise et al pull in a great shift in the summer with a managers who's on board with these ideas. Yes he should have to, the consequences of not getting you message across is clear for all to see. Theres actually a fair few of us who've been towing this line for about a year now, (including you) so it did get through, Mort did communicate this to us, but it wasnt belevied or understood. Whos fault is that? Link to post Share on other sites More sharing options...
TRon Posted January 21, 2009 Share Posted January 21, 2009 How do the wages paid to Mort, Wise, Jimenez, and Vetres fit into this? And what about Ashley, did he get some kind of dividend? Mort was not paid a salary by the club, fees of £1,357,000 were paid to Freshfields for his services. Wise, Vetere etc are included in a lump sum of about £70 million spent on wages I guess. As I said a few posts up that Ashley has taken nothing out by way of salary or dividend - or interest on his loan for that matter. That's £6.6million saved on last year according to those figures. Explains why Mort said at the time paying off the loan was just as important as any new signing. Shame Allardyce finally persuaded Ashley to blow so much wad on Smith, Viduka and Geremi etc. Link to post Share on other sites More sharing options...
Mick Posted January 21, 2009 Share Posted January 21, 2009 Theres actually a fair few of us who've been towing this line for about a year now, (including you) so it did get through, Mort did communicate this to us, but it wasnt belevied or understood. Whos fault is that? This isn't the right thread but, the PR has been shit since Llambias became MD. Link to post Share on other sites More sharing options...
fredbob Posted January 21, 2009 Share Posted January 21, 2009 Theres actually a fair few of us who've been towing this line for about a year now, (including you) so it did get through, Mort did communicate this to us, but it wasnt belevied or understood. Whos fault is that? This isn't the right thread but, the PR has been shit since Llambias became MD. 100% agreed. Sorry, i thought you were talking specifically about the communication of debt repayment, my mistake. Link to post Share on other sites More sharing options...
Scottish Mag Posted January 21, 2009 Share Posted January 21, 2009 all of top earners have to be sold in the summer or released to get this club back on track owen, 6 million a year viduka, 3.5 million a year smith, 3.5 million geremi, 3.5 million butt, 2.5 million barton, 3.5 million 23.5 million a third of wage budget was spent on these wasters, a totally f***ing disgrace the best ashley can do is try to sell these players asap in my book You can add Duff to that list as another who drains the club of a hefty salary and offers very little.. Link to post Share on other sites More sharing options...
TRon Posted January 21, 2009 Share Posted January 21, 2009 all of top earners have to be sold in the summer or released to get this club back on track owen, 6 million a year viduka, 3.5 million a year smith, 3.5 million geremi, 3.5 million butt, 2.5 million barton, 3.5 million 23.5 million a third of wage budget was spent on these wasters, a totally f***ing disgrace the best ashley can do is try to sell these players asap in my book You can add Duff to that list as another who drains the club of a hefty salary and offers very little.. Is it any wonder the likes of Geremi and Smith are so hard to budge from this club? Who else will be dumb enough to pay them £3.5m a year? Link to post Share on other sites More sharing options...
Mick Posted January 21, 2009 Share Posted January 21, 2009 100% agreed. Sorry, i thought you were talking specifically about the communication of debt repayment, my mistake. The communication in general is shite and that includes information about debt repayment, I'm not surprised that people forget about it when the club contradicts itself and people pick up on what is said. Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now