morla84 Posted February 6, 2018 Share Posted February 6, 2018 Not worthy of a forum tbh Link to post Share on other sites More sharing options...
Tisd09 Posted February 6, 2018 Share Posted February 6, 2018 Just clicked on the Harry Kane thread was expecting to see everyone say how much better he is than Shearer blah blah blah but couldn't get past the opening post. The phrase flash in the pan was made for this lad, utter s**** - 04.09.2016 Link to post Share on other sites More sharing options...
Away Day Gadgie Posted February 6, 2018 Share Posted February 6, 2018 Had a laugh at this one. Who do you reckon is to blame for their current plight? Moyes for taking them down? No. Allardyce for leaving them? No. Short for his poor decisions? No. MLFs for demanding the head of every manager after a few months? No. Jack Rodwell? No. Jimmy Hill? No. The Magedia? No. Steve Brewce for spending a fortune on a load of s***? No. MLFs for watching the game in the pub instead of getting behind Quinn’s ambitions for the club? No. It’s erm... The top 6 that are to blame apparently! https://www.readytogo.net/smb/threads/cancel-your-sky-subscriptions.1416986/ Link to post Share on other sites More sharing options...
Benwell Lad Posted February 6, 2018 Share Posted February 6, 2018 Their financial decision is not just bad, it really is seriously grave. While I do feel sorry for the awful situation they have put their genuine decent fans in, thinking about the hypothetical "would you donate" question ? Let's see. Would I donate to a football club who have spent way above their means for over a decade in the world's richest league; pay people like Rodwell and Cattermole more in a week than many hard working people earn in a year; knowingly played a paedophile in a desperate attempt to keep their snout in the money trough and then paid a fortune to their CEO to go quietly ? Can I think about it for a while ? Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted February 6, 2018 Share Posted February 6, 2018 How many times have these been on TV? Seems like they’ve barely been on in comparison to us last season. I know Sky want to feature the promotion battle, but even their games against Wolves, Fulham, Bristol City etc. haven’t been televised. Also would have thought their plight would have been aired a lot more. Link to post Share on other sites More sharing options...
Guest firetotheworks Posted February 6, 2018 Share Posted February 6, 2018 Not sure about their away games, but for their home games, I can't imagine that Sky want to show matches that depressing and with no one in the stadium. Link to post Share on other sites More sharing options...
xLiaaamx Posted February 6, 2018 Share Posted February 6, 2018 At the end of the day, I don't believe for one minute Short didn't know about Johnson. Wouldn't ever give money to his cause for that alone. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted February 6, 2018 Share Posted February 6, 2018 From a quick look I think they’ve been on TV 5 times this season, only twice since September. Link to post Share on other sites More sharing options...
afar Posted February 6, 2018 Share Posted February 6, 2018 Would it be financially in their best interests to drop again or are they better hanging on by the fingernails to Champo (AKA Pub League ) status ? It's not like the drop from PL to champo, they won't suddenly miss out on 100 Million. They still receive their parachute payment for next season regardless of the division they play in, I don't believe the amount they get will change. From a positive perspective (for them) they surely get rid of the bulk of their big earners, Kone, Khazri, Borini and a like will think they are far too good for L1, like they do for the champo, and the club will take literally anything to get them off the books. They will probably just be left with Cattermole and Rodwell plus the ex Manure and Everton has beens on big wages. That's got to help them rebuild, and looking at the L1 table that division is obviously truly awful, if Wigan can be coasting it and Rotherham who were worse last year than the Mackems have been this year are a playoff team. So they should spring back up the following year. Having said that, going down puts them another year at least away from a PL return. Their big external loan is due for repayment in 2019 apparently, with no real source of income to pay it off. Administration is a real possibility, it may actually be preferable, assuming like most clubs they come back to life. Even if they survive this year, there is little hope for a promotion push the following year unless, they uncover two or three gems. They have a lot of loanees and a lot of players out of contract in the summer, huge rebuild job on for whichever division they are playing in. Oh well, 6 in a row, FTM 9-1 and all that Link to post Share on other sites More sharing options...
Guest chopey Posted February 6, 2018 Share Posted February 6, 2018 Their external loan is financed against their parachute payment, which basically means next years money is gone with more owed, getting put into receivership is not an option because their main creditor is owed so much and it would be counter productive for them to do that, selling the ground and training facilities is their next option which would hopefully get rid of their debt, unfortunately the wage bill is 89% of turnover and wont decrease next season no matter what happens. They are a zombie club and will continue to be so until a new investor is found and that is a long way off. Link to post Share on other sites More sharing options...
xLiaaamx Posted February 6, 2018 Share Posted February 6, 2018 Their external loan is financed against their parachute payment, which basically means next years money is gone with more owed, getting put into receivership is not an option because their main creditor is owed so much and it would be counter productive for them to do that, selling the ground and training facilities is their next option which would hopefully get rid of their debt, unfortunately the wage bill is 89% of turnover and wont decrease next season no matter what happens. They are a zombie club and will continue to be so until a new investor is found and that is a long way off. Unless I'm mistaken that was PL, wasn't it? Even with the relegation drops, it could be even higher now, such is the drop in income. Add that to other costs, and just why would anyone buy them? Once you've paid off Short and the other loan, the club will still haemorrhage money and is in no place to go up to the PL. Anyone would have to be mad to buy them, you'd be better off starting a new club. Link to post Share on other sites More sharing options...
geordiedean Posted February 6, 2018 Share Posted February 6, 2018 Their external loan is financed against their parachute payment, which basically means next years money is gone with more owed, getting put into receivership is not an option because their main creditor is owed so much and it would be counter productive for them to do that, selling the ground and training facilities is their next option which would hopefully get rid of their debt, unfortunately the wage bill is 89% of turnover and wont decrease next season no matter what happens. They are a zombie club and will continue to be so until a new investor is found and that is a long way off. Unless I'm mistaken that was PL, wasn't it? Even with the relegation drops, it could be even higher now, such is the drop in income. Add that to other costs, and just why would anyone buy them? Once you've paid off Short and the other loan, the club will still haemorrhage money and is in no place to go up to the PL. Anyone would have to be mad to buy them, you'd be better off starting a new club. By the time you buy the club and clear the debt and invest a little bit in the squad its a 250-300m cost no one is paying that Link to post Share on other sites More sharing options...
midds Posted February 6, 2018 Share Posted February 6, 2018 They were losing huge amounts of money when the income was massive in the PL, fuck knows what the damage is now. They’ve only really shifted Pickford for reasonably big money, gates are massively down, I’d wager sponsorship is down too whilst the wage bill has clearly been cut they’ll still not come close to breaking even for the next years. Survival or not, these horrible cunts are staring squarely into the abyss and it’s going to get even worse in the short term. Link to post Share on other sites More sharing options...
Guest chicken little Posted February 6, 2018 Share Posted February 6, 2018 They will probably just be left with Cattermole and Rodwell plus the ex Manure and Everton has beens on big wages. contracted until 2021 :lol: Link to post Share on other sites More sharing options...
xLiaaamx Posted February 6, 2018 Share Posted February 6, 2018 Do you think Cattermole's wage reduction in his contract was just for one relegation, or will it happen again if they go down again Link to post Share on other sites More sharing options...
geordiedean Posted February 6, 2018 Share Posted February 6, 2018 Do you think Cattermole's wage reduction in his contract was just for one relegation, or will it happen again if they go down again Cant see it happening again really it was supposedly a 40% reduction from last season even if its 20% that then means hes had a 60% wage cut in 12 months no matter how much you earn losing 60% of it is huge Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted February 6, 2018 Share Posted February 6, 2018 Do you think Cattermole's wage reduction in his contract was just for one relegation, or will it happen again if they go down again Cant see it happening again really it was supposedly a 40% reduction from last season even if its 20% that then means hes had a 60% wage cut in 12 months no matter how much you earn losing 60% of it is huge Not sure your maths is right there like Link to post Share on other sites More sharing options...
midds Posted February 6, 2018 Share Posted February 6, 2018 Do you think Cattermole's wage reduction in his contract was just for one relegation, or will it happen again if they go down again Cant see it happening again really it was supposedly a 40% reduction from last season even if its 20% that then means hes had a 60% wage cut in 12 months no matter how much you earn losing 60% of it is huge Not sure your maths is right there like 52%. Link to post Share on other sites More sharing options...
Exiled in Texas Posted February 7, 2018 Share Posted February 7, 2018 The relegation pay cuts all depend on how it's worded in the contracts. My guess is that when a Premier League club negotiates a contract to sign a player, the contract says "We'll pay you XXXX when the club is in the Premier League, but it reduces to XX in the event of relegation to the Championship". No mention of the possibility of playing in League 1. I cannot see any player signing for a Premier League club willing to to even consider agreeing to contractually defined wages to play in League 1. They would be moving on to the next option of club immediately. So I doubt very much that there is a blanket reduction of XX% for each relegation. The only way to get rid of these Contract in league 1 is if the player requests to be sold rather than stay with the club as they drop down into league 1. Link to post Share on other sites More sharing options...
Paully Posted February 7, 2018 Share Posted February 7, 2018 Wow! https://www.readytogo.net/smb/threads/how-much-is-the-clubs-debt.1416931/ Grumpy Old Man Winger None whatseoever. I'm just going to post some real numbers for about the third time this week. These are got at by adding together all the numbers in the accounts for the last ten years. Turnover: £766..5m Staff costs: £577.2m Other operating costs: £192.1m Interest: £34.9m Cash outflow on players bought £309.m Cash inflow from players sold: £125.8m Debt on 1 August 2006 £35m Debt at 31 July 2017 £137m Debt converted to shares during that time £101m The one thing that hasn't happened is Short getting anything back. It's all gone, pretty much to players, their agents, and other football clubs. Link to post Share on other sites More sharing options...
NG32 Posted February 7, 2018 Share Posted February 7, 2018 They need Marty Bird. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted February 7, 2018 Share Posted February 7, 2018 Wow! https://www.readytogo.net/smb/threads/how-much-is-the-clubs-debt.1416931/ Grumpy Old Man Winger None whatseoever. I'm just going to post some real numbers for about the third time this week. These are got at by adding together all the numbers in the accounts for the last ten years. Turnover: £766..5m Staff costs: £577.2m Other operating costs: £192.1m Interest: £34.9m Cash outflow on players bought £309.m Cash inflow from players sold: £125.8m Debt on 1 August 2006 £35m Debt at 31 July 2017 £137m Debt converted to shares during that time £101m The one thing that hasn't happened is Short getting anything back. It's all gone, pretty much to players, their agents, and other football clubs. Haha, they've actually done a Leeds/Portsmouth then Link to post Share on other sites More sharing options...
Willow Posted February 7, 2018 Share Posted February 7, 2018 https://www.sunderlandecho.com/news/sunderland-labelled-country-s-unprotected-sex-capital-1-9003926 Link to post Share on other sites More sharing options...
Incognito Posted February 7, 2018 Share Posted February 7, 2018 Wow! https://www.readytogo.net/smb/threads/how-much-is-the-clubs-debt.1416931/ Grumpy Old Man Winger None whatseoever. I'm just going to post some real numbers for about the third time this week. These are got at by adding together all the numbers in the accounts for the last ten years. Turnover: £766..5m Staff costs: £577.2m Other operating costs: £192.1m Interest: £34.9m Cash outflow on players bought £309.m Cash inflow from players sold: £125.8m Debt on 1 August 2006 £35m Debt at 31 July 2017 £137m Debt converted to shares during that time £101m The one thing that hasn't happened is Short getting anything back. It's all gone, pretty much to players, their agents, and other football clubs. Haha, they've actually done a Leeds/Portsmouth then Except Leeds had a few good seasons and a run to the CL semis and Pompey managed to win the Cup.. All the Mackems got were annual relegation battles and 6 in a row [emoji23][emoji23][emoji23]. Link to post Share on other sites More sharing options...
Benwell Lad Posted February 7, 2018 Share Posted February 7, 2018 They can avoid administration as long as it suits the current owner but you have to wonder if it would be the best thing for their fans? Death by a thousand cuts with Short or just crash and burn? Of course there's no guarantee that things wouldn't get even worse post administration but at least they could try and start again. Link to post Share on other sites More sharing options...
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