Guest firetotheworks Posted January 29, 2019 Share Posted January 29, 2019 Funny as fuck if Rafa get's him to break the record and then resigns on Feb 1st. Link to post Share on other sites More sharing options...
NUFC Posted January 29, 2019 Share Posted January 29, 2019 It's in relation to the suggestion that fans should throw chocolate coins on the pitch. Whoever posted obviously not very bright thinking that the club wouldn't see this, if they had thrown something on the pitch (obviously didn't happen), then they would have deserved to be banned. Think the flyers are the best way forward tbh Link to post Share on other sites More sharing options...
Guest The Little Waster Posted January 29, 2019 Share Posted January 29, 2019 https://www.theguardian.com/uk-news/2019/jan/29/mike-ashley-scs-group-bidding-battle-struggling-furniture-retailer-sofacom Lol Link to post Share on other sites More sharing options...
David Icke - Son of God Posted January 30, 2019 Share Posted January 30, 2019 https://beta.companieshouse.gov.uk/company/00031014/filing-history/MzIyNTY0MTYyNWFkaXF6a2N4/document?format=pdf&download=0 What's this all about. Borrowing money against TV income? Link to post Share on other sites More sharing options...
Shearergol Posted January 30, 2019 Share Posted January 30, 2019 https://beta.companieshouse.gov.uk/company/00031014/filing-history/MzIyNTY0MTYyNWFkaXF6a2N4/document?format=pdf&download=0 What's this all about. Borrowing money against TV income? Confusing. So any income is now being paid directly to Barclays rather than the club? Link to post Share on other sites More sharing options...
ToonTastic Posted January 30, 2019 Share Posted January 30, 2019 Only if we fail to make payments isn't it? I imagine the club are using a loan to pay for Miguel Almiron upfront and are using TV revenue as collateral Link to post Share on other sites More sharing options...
TK-421 Posted January 30, 2019 Share Posted January 30, 2019 Only if we fail to make payments isn't it? I imagine the club are using a loan to pay for Miguel Almiron upfront and are using TV revenue as collateral Which would raise the question... why? When we were £20m+ in profit from the summer??!! Link to post Share on other sites More sharing options...
ToonTastic Posted January 30, 2019 Share Posted January 30, 2019 There was mention he repaid some of his loans in the summer so there wasn't actually all that cash available. Could be why. Link to post Share on other sites More sharing options...
Kasper Posted January 30, 2019 Share Posted January 30, 2019 Only if we fail to make payments isn't it? I imagine the club are using a loan to pay for Miguel Almiron upfront and are using TV revenue as collateral Which would raise the question... why? When we were £20m+ in profit from the summer??!! Didnt you hear? It's all been spent on lawyers as he's desperately trying to sell the club. Link to post Share on other sites More sharing options...
Munkey Posted January 30, 2019 Share Posted January 30, 2019 you really have to wonder where all this reported TV revenue etc is going. scrabbling around behind the SD sofa for shrapnel to gets loans and players in Link to post Share on other sites More sharing options...
huss9 Posted January 30, 2019 Share Posted January 30, 2019 There was mention he repaid some of his loans in the summer so there wasn't actually all that cash available. Could be why. how the hell does he value the cub at £300m then - because its a cash cow for the fat cunt. Link to post Share on other sites More sharing options...
Scoot Posted January 30, 2019 Share Posted January 30, 2019 https://beta.companieshouse.gov.uk/company/00031014/filing-history/MzIyNTY0MTYyNWFkaXF6a2N4/document?format=pdf&download=0 What's this all about. Borrowing money against TV income? Baffled me this like. Where the fuck has all the tv money gone? The 23 million profit from the summer? Link to post Share on other sites More sharing options...
loki679 Posted January 30, 2019 Share Posted January 30, 2019 This is absurd, where's the fucking money gone? By rights we should have over £100m sitting in the bank and yet we're having to take loans against next seasons TV money? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 30, 2019 Share Posted January 30, 2019 I guess when you take a loan it's not always because you have to. It might be for various accounting reasons it's a better way to arrange a large purchase than taking the money out of cash. Dunno. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 30, 2019 Share Posted January 30, 2019 It's annoying in business, how long after the event accounts are filed. When I do mine I can barely remember the time period they refer to. Link to post Share on other sites More sharing options...
Stifler Posted January 30, 2019 Share Posted January 30, 2019 https://beta.companieshouse.gov.uk/company/00031014/filing-history/MzIyNTY0MTYyNWFkaXF6a2N4/document?format=pdf&download=0 What's this all about. Borrowing money against TV income? Baffled me this like. Where the fuck has all the tv money gone? The 23 million profit from the summer? If he’s took TV money out to repay his loans then a lot if not all of the money from last season will be gone. This season’s money hasn’t finished being payed yet, we are due some next month and of course at the end of the season. Assuming Ashley has taken money from last seasons money then you would assume that the money we have received this season has been put aside for wages and other costs. It would then mean that we would just be short of the money for transfers until we receive the rest of the money for this season and would need a short term loan or overdraft to see us through until then to cover the transfer fee’s. Of course the wider question really is where has the money gone if he’s not payed back his loans, and why it took us until the 22nd of January to organise a loan for January transfer funds. Link to post Share on other sites More sharing options...
r0cafella Posted January 30, 2019 Share Posted January 30, 2019 In to paying his own loans back? Either way we will know when the accounts are filled. Link to post Share on other sites More sharing options...
Toonjam88 Posted January 30, 2019 Share Posted January 30, 2019 https://beta.companieshouse.gov.uk/company/00031014/filing-history/MzIyNTY0MTYyNWFkaXF6a2N4/document?format=pdf&download=0 What's this all about. Borrowing money against TV income? Most clubs do this don't they. I'm 100% sure West Ham do. Link to post Share on other sites More sharing options...
jonny1403 Posted January 30, 2019 Share Posted January 30, 2019 He's not borrowing against the tv money specifically. Any company that takes out a loan will need to grant security over an income stream to support it. Typically, any bank will ask for that loan to be secured against as many assets/income streams as possible. The TV money is naturally included in that. It's not that the TV money is being paid to the bank, its just being used as security should the club default on the loan. It's pretty standard practice. Link to post Share on other sites More sharing options...
Jackie Broon Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. Link to post Share on other sites More sharing options...
ToonTastic Posted January 30, 2019 Share Posted January 30, 2019 There was mention he repaid some of his loans in the summer so there wasn't actually all that cash available. Could be why. how the hell does he value the cub at £300m then - because its a cash cow for the fat c***. Surely a club making money means it's worth decent cash to an investor Link to post Share on other sites More sharing options...
ianovthetoon Posted January 30, 2019 Share Posted January 30, 2019 Is this not just re-establishing the clubs revolving credit facility - overdraft. It’s a cash flow thing nothing else Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 30, 2019 Share Posted January 30, 2019 Nee idea. Link to post Share on other sites More sharing options...
ToonTastic Posted January 30, 2019 Share Posted January 30, 2019 Is this not just re-establishing the clubs revolving credit facility - overdraft. It’s a cash flow thing nothing else We've only previously had that when we've been relegated though haven't we ? And that's always been paid back on promotion. Link to post Share on other sites More sharing options...
Boo Boy Posted January 30, 2019 Share Posted January 30, 2019 One positive is that it indicates that Ashley has been 'paying himself back' a huge amount of money and, if we do stay up this season, we might no longer be in debt to him. That could make the sale of the club much more straightforward. this sort of naievity really needs looking at. he is taking money out without reducing the debt. Link to post Share on other sites More sharing options...
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