Dokko Posted March 15, 2018 Share Posted March 15, 2018 Mackem at work (kinda like a mag at work but real), reckons theres to be some big announcement today. As much as I am enjoying their plummet I'm not sure I'd like to see them go out of business (which I dont think would happen). 40% off season tickets for 3 years. Link to post Share on other sites More sharing options...
Heake Posted March 15, 2018 Share Posted March 15, 2018 League 1 is without doubt an appropriate platform for Chicken towns finest. On the Brightside, they cannot be subjected to the spikey chant of "You`re not famous anymore" that was levelled at us on our brief flirtation with the Championship. Link to post Share on other sites More sharing options...
Jackie Broon Posted March 15, 2018 Share Posted March 15, 2018 They're not going into administration this season like. Would make absolutely no financial sense whatsoever. 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. Link to post Share on other sites More sharing options...
Matt Posted March 15, 2018 Share Posted March 15, 2018 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. 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. Link to post Share on other sites More sharing options...
Jackie Broon Posted March 15, 2018 Share Posted March 15, 2018 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. 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. Link to post Share on other sites More sharing options...
SteV Posted March 15, 2018 Share Posted March 15, 2018 They're not going into administration this season like. Would make absolutely no financial sense whatsoever. 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. I'm not sure they are running at a "huge loss" anymore, at least nothing in comparison to what they have been in previous seasons. That's why the spending has completely dried up, because Short has decided they need to get their house in order or at least stop the hemorrhaging of money that has been happening over the past few years. Obviously they've had to this because their income has fallen off a cliff, but business-wise they've acted sensibly this season. However that's had a disastrous knock-on to the football side. I would also disagree that there's "no realistic prospect of being able to refinance the debt". They'll get it refinanced, but at a worse rate, allowing them to survive, but making it even harder to get out of their current malaise. Link to post Share on other sites More sharing options...
ianovthetoon Posted March 15, 2018 Share Posted March 15, 2018 Free season tickets for the Under 8s next season for them apparently. A cost effective punishment if true Link to post Share on other sites More sharing options...
Guest covmag Posted March 15, 2018 Share Posted March 15, 2018 Sunderland Link to post Share on other sites More sharing options...
1964 Posted March 15, 2018 Share Posted March 15, 2018 Free season tickets for the Under 8s next season for them apparently. A cost effective punishment if true Aye there’s going to be a lot of kids eating their greens with that hanging over them Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 15, 2018 Share Posted March 15, 2018 I will never knock them for making going to the game affordable, it’s obviously designed to get them spending some money inside the stadium, but anything that makes taking kids to the game affordable should be applauded, after all they are the lifeblood of the club. Link to post Share on other sites More sharing options...
Wallsendmag Posted March 15, 2018 Share Posted March 15, 2018 I will never knock them for making going to the game affordable, it’s obviously designed to get them spending some money inside the stadium, but anything that makes taking kids to the game affordable should be applauded, after all they are the lifeblood of the club. Agree with that. It's just when they go on about being the best fans in the country because they were getting 40000 most weeks (up until the desertion this season) ignoring the fact that 9000 were on free tickets and many of the others were cheap kids season tickets. Most clubs competing in the Premier League could pull in similar or greater numbers with that ticketing policy. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 15, 2018 Share Posted March 15, 2018 I will never knock them for making going to the game affordable, it’s obviously designed to get them spending some money inside the stadium, but anything that makes taking kids to the game affordable should be applauded, after all they are the lifeblood of the club. Agree with that. It's just when they go on about being the best fans in the country because they were getting 40000 most weeks (up until the desertion this season) ignoring the fact that 9000 were on free tickets and many of the others were cheap kids season tickets. Most clubs competing in the Premier League could pull in similar or greater numbers with that ticketing policy. I don’t think they bleat on about being the best fans in the country, although they do bleat on about some imaginary notion that we bleat on about being the best and castigate it for us. Weird bunch. Link to post Share on other sites More sharing options...
Scoot Posted March 15, 2018 Share Posted March 15, 2018 Link to post Share on other sites More sharing options...
Wallsendmag Posted March 15, 2018 Share Posted March 15, 2018 I will never knock them for making going to the game affordable, it’s obviously designed to get them spending some money inside the stadium, but anything that makes taking kids to the game affordable should be applauded, after all they are the lifeblood of the club. Agree with that. It's just when they go on about being the best fans in the country because they were getting 40000 most weeks (up until the desertion this season) ignoring the fact that 9000 were on free tickets and many of the others were cheap kids season tickets. Most clubs competing in the Premier League could pull in similar or greater numbers with that ticketing policy. I don’t think they bleat on about being the best fans in the country, although they do bleat on about some imaginary notion that we bleat on about being the best and castigate it for us. Weird bunch. Not best in the country. Best in the world. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 15, 2018 Share Posted March 15, 2018 So one former player who was absolute s**** says it meaning they all think the same? I’m not defending them, but we get enough s**** for numpties posting s**** as individuals about us as the best fans, big club etc. Link to post Share on other sites More sharing options...
BlackandWhite Posted March 15, 2018 Share Posted March 15, 2018 Best fans in the world when their stadium is consistently more than half empty with nobody wanting to support them while they are down. Makes sense.... Link to post Share on other sites More sharing options...
Wullie Posted March 15, 2018 Share Posted March 15, 2018 You'd never see their fans running on the field. Link to post Share on other sites More sharing options...
HaydnNUFC Posted March 15, 2018 Share Posted March 15, 2018 Class read marra. https://www.amazon.co.uk/SIX-ROW-CHRIS-THOMPSON/dp/0995530343 Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 15, 2018 Share Posted March 15, 2018 WTF? again they are a weird bunch! Link to post Share on other sites More sharing options...
ikri Posted March 15, 2018 Share Posted March 15, 2018 You'd never see their fans running on the field. How would anyone distinguish them from the rest of the rubbish blowing around on the pitch? Link to post Share on other sites More sharing options...
HawK Posted March 15, 2018 Share Posted March 15, 2018 You'd never see their fans running on the field. How would anyone distinguish them from the rest of the rubbish blowing around on the pitch? The smell. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 15, 2018 Share Posted March 15, 2018 Carrier bag tops Link to post Share on other sites More sharing options...
Altamullan Posted March 15, 2018 Share Posted March 15, 2018 Class read marra. https://www.amazon.co.uk/SIX-ROW-CHRIS-THOMPSON/dp/0995530343 Makes sense now. Division 1 must be Mephistopheles‘s revenge. He’s landed them all in an ever present private hell. Link to post Share on other sites More sharing options...
Wallsendmag Posted March 15, 2018 Share Posted March 15, 2018 So one former player who was absolute s**** says it meaning they all think the same? I’m not defending them, but we get enough s**** for numpties posting s**** as individuals about us as the best fans, big club etc. RTG is full of similar back patting threads about them being the best fans in the country etc. Link to post Share on other sites More sharing options...
RS Posted March 15, 2018 Share Posted March 15, 2018 "Classiest" if I remember correctly. Link to post Share on other sites More sharing options...
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