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...
Dokko Posted February 7, 2018 Share Posted February 7, 2018 Be interesting to see what happens in 2019 when thry have to pay back the loan to the creditors. Its near £100m, thry havent got it, not even if thry sold everything they own. What happens then? Link to post Share on other sites More sharing options...
Guest chopey Posted February 7, 2018 Share Posted February 7, 2018 Be interesting to see what happens in 2019 when thry have to pay back the loan to the creditors. Its near £100m, thry havent got it, not even if thry sold everything they own. What happens then? A very big loan from another creditor over a long period Link to post Share on other sites More sharing options...
SteV Posted February 7, 2018 Share Posted February 7, 2018 Be interesting to see what happens in 2019 when thry have to pay back the loan to the creditors. Its near £100m, thry havent got it, not even if thry sold everything they own. What happens then? They just pay back part of it and re-finance (most likely at a worse rate) the rest. Whilst the future seems pretty bleak unless they get taken over, there should be very little chance of administration whilst Short continues to be the owner. They'll most likely continue to limp along, cost-cutting and scrimping by. Link to post Share on other sites More sharing options...
1964 Posted February 7, 2018 Share Posted February 7, 2018 Be interesting to see what happens in 2019 when thry have to pay back the loan to the creditors. Its near £100m, thry havent got it, not even if thry sold everything they own. What happens then? They just pay back part of it and re-finance (most likely at a worse rate) the rest. Whilst the future seems pretty bleak unless they get taken over, there should be very little chance of administration whilst Short continues to be the owner. They'll most likely continue to limp along, cost-cutting and scrimping by. However doesn't Administration effectively mean that the entity no longer exists and they will be a 'new' entity. So the 6 in a row will be forever protected as the club no longer exists in it's former state. That would actually appeal to a lot of them Link to post Share on other sites More sharing options...
xLiaaamx Posted February 7, 2018 Share Posted February 7, 2018 Yeah, but their new club would be a nothing entity with no history, characterised by nothing other than some pink seats. Link to post Share on other sites More sharing options...
STM Posted February 7, 2018 Share Posted February 7, 2018 Basically, someone will buy them for nowt (or next to nowt) and pay off the debt. Link to post Share on other sites More sharing options...
SteV Posted February 7, 2018 Share Posted February 7, 2018 Basically, someone will buy them for nowt (or next to nowt) and pay off the debt. Still going to have to cough up around £130m to "pay off the debt" though. They'll do well to find someone prepared to pay that for them in their current state. Link to post Share on other sites More sharing options...
STM Posted February 7, 2018 Share Posted February 7, 2018 Aye but that in effect becomes the price of the club. As much as it pains me to say it, if a new owner could make some sensible decisions and get them back in the premiership, they would be easily worth that. Any new owner might as well wait until the club has got all the high earning knacker off the books though. They must be crippling the wage bill. Link to post Share on other sites More sharing options...
SteV Posted February 7, 2018 Share Posted February 7, 2018 Highly unlikely anyone will pay that much for a League One club, regardless of the potential. A Championship club? Possibly. Link to post Share on other sites More sharing options...
1964 Posted February 7, 2018 Share Posted February 7, 2018 PLus the reduction of the wage bill, spending on new players etc. Looking at more like £250m to be a Championship club that is debt free Link to post Share on other sites More sharing options...
Guest covmag Posted February 7, 2018 Share Posted February 7, 2018 ahhhhh but if they get relegated they will win a few matches in another piss easy league then be nailed on for a return to the Prem Link to post Share on other sites More sharing options...
Dokko Posted February 7, 2018 Share Posted February 7, 2018 Highly unlikely anyone will pay that much for a League One club, regardless of the potential. A Championship club? Possibly. Potential? Their potential is fake. Their paying core of fans isn't what they billed and is now being shown up once Premiership football and free tickets has ended. There's even those who've paid and aren't turning up. This isn't a club with potential. It's a club which tried to keep up with the jones', overspent in the wrong areas, pretended to be bigger than what they are and are now suffering the consequences. No one cares about the club outside of the North East. No one wants to play for them and the fans can't or won't put money in to it via tickets or merchandise. There isn't potential there to make money, there are much bigger clubs in the division in better financial positions who would cost less than their debt. Those are the real sleeping giants. Link to post Share on other sites More sharing options...
Jackie Broon 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. 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. Link to post Share on other sites More sharing options...
1964 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. 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. I do he has made terrible decisions year after year. The only difference between Ashley and him is that no investment is better than terrible investment Link to post Share on other sites More sharing options...
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