Guest WashyGeordie Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. Link to post Share on other sites More sharing options...
Guest kirkpatrick9 Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. Link to post Share on other sites More sharing options...
midds Posted August 25, 2009 Share Posted August 25, 2009 Simmer. Link to post Share on other sites More sharing options...
madras Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. to be a fact it has to be true. you made an assertion which happens to be false. Link to post Share on other sites More sharing options...
NG32 Posted August 25, 2009 Share Posted August 25, 2009 Not Geoff Capes? Disappointed. Link to post Share on other sites More sharing options...
madras Posted August 25, 2009 Share Posted August 25, 2009 geoff sheard ? is this the fella ? http://www.yorkshirepost.co.uk/sport/String-of-debts-for-Sheffield.4531470.jp String of debts for Sheffield Wednesday takeover backer Geoff Sheard Geoff Sheard Geoff Sheard Click on thumbnail to view image Click on thumbnail to view image Click on thumbnail to view image Click on thumbnail to view image « Previous « Previous Next » Next » View Gallery ADVERTISEMENT Published Date: 26 September 2008 By Rob Waugh EXCLUSIVE: The man behind the proposed takeover of Sheffield Wednesday has been chased for a string of debts through the courts at the same time as negotiating a multi-million pound deal with the club and its major shareholders, it can be revealed today. Last week the Yorkshire Post exposed the involvement of a convicted money launderer in Geoff Sheard's takeover approach and it has now emerged that the Lancashire-based businessman has a series of charges on his home for debts running into hundreds of thousands of pounds. Earlier this year a High Street bank obtained a county court judgment against him for £107,000 but that was only the most recent of a long line of claims for debts against Mr Sheard. Manchester County Court issued the judgment against Mr Sheard in March, two months after he first provided a letter of proof of funding to the club which was produced by convicted money launderer Richard Frank Downes. The action was brought by National Westminster Bank which provided the money for Mr Sheard's mortgage at his house in Caton, near Lancaster. The bank followed up the initial judgement by obtaining a charge on his house in June. However, the debt trail goes back three years with a string of judgments at county courts across the country. Car finance company Lombard Vehicle Management secured a charge on Mr Sheard's house at Birmingham County Court in December 2005. The following February, debt collection agency CL Finance, based in Batley, secured a charge at Keighley County Court. In August 2006, Volkswagen Financial Services obtained an order at Lancaster County Court and three months later law firm Chadwick Lawrence did the same at Huddersfield County Court. In March last year HFC Bank secured a charging order at Lancaster County Court and in March this year TV installation company JB Aerial Services did likewise at the same court. Mr Sheard – who wants to become Wednesday's new chairman – last night insisted the debts had no bearing on the takeover attempt because he is only fronting the proposed deal and not funding it. He again declined to say who the investors are. Asked specifically about the NatWest debt, he said: "It's getting paid off – I think it will be off the record by this time next week." He denied the debt was related to non-payment of a mortgage and declined to discuss what is happening with the property. Mr Sheard recently moved to a rented barn house nearby. He added: "This is ridiculous – I'm not buying Sheffield Wednesday, I haven't got the money to do it. "Of course (the debt) is important to me and that it's resolved but I'm not doing the purchasing of the football club." On the overall string of debts, he said: "They are personal things – it's my personal business." He declined to comment further other than to insist he remained committed to the takeover plan. Sheffield Wednesday declined to comment last night although it is understood that Mr Sheard's previous unrestricted access to the directors' box for matches at Hillsborough may now be under review. The protracted attempt to take control of Wednesday has become mired in controversy since it emerged that Mr Sheard's initial proof of funding was from an offshore bank in Dominica – the Private Capital Bank (PCB) – which is not operational. Although the letter stated 100m euros was available for investment, the bank has no money in it and no account holders. It was then revealed that the letter – in the name of a Richard Francis – had actually been produced by Richard Frank Downes, sentenced to 33 months in a US prison in 2002 for conspiring to launder money through a different Dominican offshore bank. The PCB has said Downes is not an official of the bank and does not represent the bank in any way. Mr Sheard has previously said he did not know about Downes' conviction and that he has no association with either him or the PCB. He said the bank letter was only a means to get "a foot in the door" to begin negotiations with the club. my apologetics if it's already been posted. Link to post Share on other sites More sharing options...
joeyt Posted August 25, 2009 Share Posted August 25, 2009 Wednesday fan told me: Sheard Amusing that he's not shown proof of funds. Similar to how he strung us along for weeks. Link to post Share on other sites More sharing options...
Guest sicko2ndbest Posted August 25, 2009 Share Posted August 25, 2009 Hasnt our resident ITK (Redheugh) already said its not really anything to do with Sheard, more to do with wealthy overseas investors he knows Link to post Share on other sites More sharing options...
SUPERTOON Posted August 25, 2009 Share Posted August 25, 2009 Hasnt our resident ITK (Redheugh) already said its not really anything to do with Sheard, more to do with wealthy overseas investors he knows Aye, he said Sheard introduced our possible new owners. Link to post Share on other sites More sharing options...
Dave Posted August 25, 2009 Share Posted August 25, 2009 Hasnt our resident ITK (Redheugh) already said its not really anything to do with Sheard, more to do with wealthy overseas investors he knows Only about a thousand times, yeah. Link to post Share on other sites More sharing options...
GM Posted August 25, 2009 Share Posted August 25, 2009 Hasnt our resident ITK (Redheugh) already said its not really anything to do with Sheard, more to do with wealthy overseas investors he knows Only about a thousand times, yeah. Link to post Share on other sites More sharing options...
madras Posted August 25, 2009 Share Posted August 25, 2009 Hasnt our resident ITK (Redheugh) already said its not really anything to do with Sheard, more to do with wealthy overseas investors he knows Only about a thousand times, yeah. where ? Link to post Share on other sites More sharing options...
Guest firetotheworks Posted August 25, 2009 Share Posted August 25, 2009 Im clinging onto the realms of caring now like. Soon I might be exactly where Ashley wants me. This is just too painful. Link to post Share on other sites More sharing options...
geordie jamie Posted August 25, 2009 Share Posted August 25, 2009 I wonder if this was the mystery consortium the sunday sun was referring to? Link to post Share on other sites More sharing options...
Guest kirkpatrick9 Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. to be a fact it has to be true. you made an assertion which happens to be false. I broughgt up facts based on season ticket sales previous, crowd figures, shirt sales. I brought in the fact that the Champions league brings in millions and build a momentous advantage, I brought in a fact that Chelsea have an finacial advantage over clubs with bigger fan bases. Now if the finance was based solely on fan base my premise would be true. Link to post Share on other sites More sharing options...
SEMTEX Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. to be a fact it has to be true. you made an assertion which happens to be false. I broughgt up facts based on season ticket sales previous, crowd figures, shirt sales. I brought in the fact that the Champions league brings in millions and build a momentous advantage, I brought in a fact that Chelsea have an finacial advantage over clubs with bigger fan bases. Now if the finance was based solely on fan base my premise would be true. Fact, fact. fact. http://images.mirror.co.uk/upl/m4/jan2009/5/0/BC0BF571-B52A-93A0-A67CB55E4C72BF5B.jpg Link to post Share on other sites More sharing options...
Pilko Posted August 25, 2009 Share Posted August 25, 2009 Link to post Share on other sites More sharing options...
madras Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. to be a fact it has to be true. you made an assertion which happens to be false. I broughgt up facts based on season ticket sales previous, crowd figures, shirt sales. I brought in the fact that the Champions league brings in millions and build a momentous advantage, I brought in a fact that Chelsea have an finacial advantage over clubs with bigger fan bases. Now if the finance was based solely on fan base my premise would be true. Fact, fact. fact. would it bollocks, you leave out things like wages that we pay compared to the likes of bolton and wigan who even though we have higher turnover and the past euro money have far less debt than we do. it all comes down to wages. it's possible that without benefactors and champs league we may be in the top 2 or 3 in turnover but as we have been a fantastic example of ,a high turnover doesn't mean a lot if we are spending more than you can afford. edit....unless of course you are confusing "finance" with turnover like the papers do when clubs losing money hand over fist are in the rich list based purely on turnover. Link to post Share on other sites More sharing options...
Guest Lets Dance Posted August 25, 2009 Share Posted August 25, 2009 George Caulkin of the Times has been just about the only journalist who has said it like it is during this Ashley reign. Forget Lee Ryder, George knows exactly how us fans have been affected and how we feel. If you are not familiar with Caulkin then please read: http://timesonline.typepad.com/thegame/2009/08/why-is-alan-shearer-not-newcastle-manager-.html Link to post Share on other sites More sharing options...
Guest Roger Kint Posted August 25, 2009 Share Posted August 25, 2009 Hasnt our resident ITK (Redheugh) already said its not really anything to do with Sheard, more to do with wealthy overseas investors he knows Only about a thousand times, yeah. Link to post Share on other sites More sharing options...
Jackie Broon Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. to be a fact it has to be true. you made an assertion which happens to be false. I broughgt up facts based on season ticket sales previous, crowd figures, shirt sales. I brought in the fact that the Champions league brings in millions and build a momentous advantage, I brought in a fact that Chelsea have an finacial advantage over clubs with bigger fan bases. Now if the finance was based solely on fan base my premise would be true. Fact, fact. fact. would it bollocks, you leave out things like wages that we pay compared to the likes of bolton and wigan who even though we have higher turnover and the past euro money have far less debt than we do. it all comes down to wages. it's possible that without benefactors and champs league we may be in the top 2 or 3 in turnover but as we have been a fantastic example of ,a high turnover doesn't mean a lot if we are spending more than you can afford. edit....unless of course you are confusing "finance" with turnover like the papers do when clubs losing money hand over fist are in the rich list based purely on turnover. To be fair, he just said that, on a level playing field, we would be in the top 2 or 3 in terms of income; which is clearly the case. What the idiots running the club do with that income is a separate matter. Link to post Share on other sites More sharing options...
GM Posted August 25, 2009 Share Posted August 25, 2009 George Caulkin of the Times has been just about the only journalist who has said it like it is during this Ashley reign. Forget Lee Ryder, George knows exactly how us fans have been affected and how we feel. If you are not familiar with Caulkin then please read: http://timesonline.typepad.com/thegame/2009/08/why-is-alan-shearer-not-newcastle-manager-.html Now that looks familiar. It's almost like someone else posted that article in this very same thread a few hours ago. #14562: http://www.newcastle-online.org/nufcforum/index.php/topic,62360.msg1953662.html#msg1953662 Link to post Share on other sites More sharing options...
madras Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. to be a fact it has to be true. you made an assertion which happens to be false. I broughgt up facts based on season ticket sales previous, crowd figures, shirt sales. I brought in the fact that the Champions league brings in millions and build a momentous advantage, I brought in a fact that Chelsea have an finacial advantage over clubs with bigger fan bases. Now if the finance was based solely on fan base my premise would be true. Fact, fact. fact. would it bollocks, you leave out things like wages that we pay compared to the likes of bolton and wigan who even though we have higher turnover and the past euro money have far less debt than we do. it all comes down to wages. it's possible that without benefactors and champs league we may be in the top 2 or 3 in turnover but as we have been a fantastic example of ,a high turnover doesn't mean a lot if we are spending more than you can afford. edit....unless of course you are confusing "finance" with turnover like the papers do when clubs losing money hand over fist are in the rich list based purely on turnover. To be fair, he just said that, on a level playing field, we would be in the top 2 or 3 in terms of income; which is clearly the case. What the idiots running the club do with that income is a separate matter. how can it be clearly the case when the game is built on the fact that there isn't a level playing field ? hey if i was given the some training and diet etc from the age of 6 i could be a world class sprinter.......but i'm not and thats the position i have to deal with. Link to post Share on other sites More sharing options...
manorpark Posted August 25, 2009 Share Posted August 25, 2009 C'mon Moat lad I don't want to be taken over by http://1.bp.blogspot.com/_l7W7DiXHaX8/SDkv-sdLitI/AAAAAAAABKQ/PnPpIL3ByDM/s320/pinky_brain.JPG I don't want to be taken over by Moat if he can't add to the squad, we need sufficent funds to strengthen the squad end of. Shepherd was not that rich and yet we were challenging for the Champions League, Albeit with him being a bit overzealous with the clubs cashflow. The revenue this club makes could easily see us ok in the premiership under a proper chairman. 1) You make sure you do your homework on players before you buy. 2) Ensure you have a sensible wage structure. 3) Develop youth so you don't have to buy all the time. I would rather have the Arsenal model than one of Chelsea's or Man City's, even though it would be nice to have loads of cash thrown at the club I wouldn't feel the same satisfaction as if it was done from the ground up. If no club had benefactors, if there was no champions league money, then NUFC would be in the top 2 or 3 for finance. What? Look, just pointing out facts. to be a fact it has to be true. you made an assertion which happens to be false. I broughgt up facts based on season ticket sales previous, crowd figures, shirt sales. I brought in the fact that the Champions league brings in millions and build a momentous advantage, I brought in a fact that Chelsea have an finacial advantage over clubs with bigger fan bases. Now if the finance was based solely on fan base my premise would be true. Fact, fact. fact. would it bollocks, you leave out things like wages that we pay compared to the likes of bolton and wigan who even though we have higher turnover and the past euro money have far less debt than we do. it all comes down to wages. it's possible that without benefactors and champs league we may be in the top 2 or 3 in turnover but as we have been a fantastic example of ,a high turnover doesn't mean a lot if we are spending more than you can afford. edit....unless of course you are confusing "finance" with turnover like the papers do when clubs losing money hand over fist are in the rich list based purely on turnover. To be fair, he just said that, on a level playing field, we would be in the top 2 or 3 in terms of income; which is clearly the case. What the idiots running the club do with that income is a separate matter. That is completely correct, for a very long time we have been one of the richest clubs in this country (it was the "big five" for finance, not the big four) and one of the richest clubs on the planet. It is how we have 'spent' our riches, that has been the problem. You CANNOT (in the real world) argue with that basic fact. We have earned amongst the highest incomes in the world year after year after year - and squandered it. Link to post Share on other sites More sharing options...
Teasy Posted August 25, 2009 Share Posted August 25, 2009 To be fair, he just said that, on a level playing field, we would be in the top 2 or 3 in terms of income; which is clearly the case. What the idiots running the club do with that income is a separate matter. how can it be clearly the case when the game is built on the fact that there isn't a level playing field ? hey if i was given the some training and diet etc from the age of 6 i could be a world class sprinter.......but i'm not and thats the position i have to deal with. He didn't say it was a level playing field, he was just making a point on the amount of money this club brings in by default (without Champions League or outside help) in comparison to other clubs. If the clubs run well we could compete with anyone without outside benefactors. Link to post Share on other sites More sharing options...
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