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31 minutes ago, The College Dropout said:

I assume it's a bit of everything.

 

Amanda needs the money.

Amanda was always going to transition out.

The club needs the investment for infrastructure.

We didn't achieve our playing goals this season for the men's team (I don't think we budgeted for being out of Europe in 2024 AND not qualifying for Europe in 24/25).

PSR & transfers situation.

 

"Thanks Amanda for getting us here."

 

I'm sure the Amazon documentary showed a part where the budget guy stated new entrants into the champions league see a dip in league performance the following year. 

 

I'm sure they would have hoped for Europe but catered for the worst

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I just find it a bit strange that there has been nothing from them or the club on this yet, maybe it leaking has caught them unprepared, but you would have thought they would come out with a statement of some sort.

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I'm sure that there were a few calculated risks taken, starting from buying the club when in a perilous position. Any players you buy are a big risk and so it goes on. Regardless of all of this Amanda and her team have done incredibly well and I can't see them being moved because PIF aren't happy with their performance.

I can't help thinking that the court case with the Greek guy could have pushed Amanda into a corner but I'm sure all will be relieved.

Regardless, I will be eternally grateful for what they've done here

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Never mind not having the money to invest further, PCP don't have the money to keep the 6% they had.

 

PCP's latest accounts from Companies House (to Jan-22, they've extended their accounting period and no filings since) show that NUFC looks to be the only investment in their portfolio.

 

Simplifying their balance sheet it looks something like this:

image.png.c07f8ad6df02c398ca6c30232867807a.png

 

She simply doesn't have the capital to pay off RB to even secure the previous 6% stake she had in the club previously.

 

With significant infrastructure investment likely on the horizon, the club valuation would be unlikely to increase at the same rate as investment until the completion of the infrastructure into a useable asset.

 

This means that the interest on the loan would likely increase faster than than the increase in the valuation of the club (especially as her shares dilute) and would likely be underwater in the investment putting her in a very precarious financial position.

  

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4 minutes ago, Eveready said:

Never mind not having the money to invest further, PCP don't have the money to keep the 6% they had.

 

PCP's latest accounts from Companies House (to Jan-22, they've extended their accounting period and no filings since) show that NUFC looks to be the only investment in their portfolio.

 

Simplifying their balance sheet it looks something like this:

image.png.c07f8ad6df02c398ca6c30232867807a.png

 

She simply doesn't have the capital to pay off RB to even secure the previous 6% stake she had in the club previously.

 

With significant infrastructure investment likely on the horizon, the club valuation would be unlikely to increase at the same rate as investment until the completion of the infrastructure into a useable asset.

 

This means that the interest on the loan would likely increase faster than than the increase in the valuation of the club (especially as her shares dilute) and would likely be underwater in the investment putting her in a very precarious financial position.

  


And despite all the speculation here this is the single most likely reason

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1 hour ago, RobsonsWonderland said:

I'm sure the Amazon documentary showed a part where the budget guy stated new entrants into the champions league see a dip in league performance the following year. 

 

I'm sure they would have hoped for Europe but catered for the worst

Eales said the aim was any European comp in Jan/Feb. That didn't seem aspirational.

 

Considering the flurry of transfer activity in Jan and June - I don't think we had long catered for the worst with PSR for this season. Europe impacts this seasons PSR.

 

 

I don't think that would be the primary reason anyway. But a contributory factor.

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12 hours ago, Danh1 said:

I don’t think Howe has anything to be concerned about. IIRC he was the one Al-Rumayyan wanted but the others opted for Emery. 

Also, he’s exceptionally good at his job.

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14 minutes ago, The College Dropout said:

Eales said the aim was any European comp in Jan/Feb. That didn't seem aspirational.

 

Considering the flurry of transfer activity in Jan and June - I don't think we had long catered for the worst with PSR for this season. Europe impacts this seasons PSR.

 

 

I don't think that would be the primary reason anyway. But a contributory factor.


Qualifying for Europe wouldn’t have improved our 2023/24 accounts. It may have made things slightly worse if it had triggered some end of season bonuses.

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43 minutes ago, timeEd32 said:


Qualifying for Europe wouldn’t have improved our 2023/24 accounts. It may have made things slightly worse if it had triggered some end of season bonuses.

I was trying to say that point at the end there. Europe impacts 24/25.

 

It's no coincidence Eales started talking about trading once we were out of the CL last season.

 

Our summer activity would've predicated a longer European run that season imo.

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3 hours ago, et tu brute said:


Here's the mackem boy :tino:

 

Just from the thread.

 

Never mind not having the money to invest further, PCP don't have the money to keep the 6% they had. Ha Ha Ha Lol GIF by Lucas and Friends by RV AppStudios

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53 minutes ago, The College Dropout said:

I was trying to say that point at the end there. Europe impacts 24/25.

 

It's no coincidence Eales started talking about trading once we were out of the CL last season.

 

Our summer activity would've predicated a longer European run that season imo.


We got very unlucky with our group, but that was always possible being in pot 4. It’s a huge mistake if any of our summer business was based on reaching the knockout rounds, but I don’t know what to think anymore without more details from the accounts.

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3 minutes ago, rutland said:

 

Just from the thread.

 

Never mind not having the money to invest further, PCP don't have the money to keep the 6% they had. Ha Ha Ha Lol GIF by Lucas and Friends by RV AppStudios

They sold their shares to PIF. One of the richest people in football. How are you spinning that in to a bad thing? 

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3 minutes ago, rutland said:

 

Just from the thread.

 

Never mind not having the money to invest further, PCP don't have the money to keep the 6% they had. Ha Ha Ha Lol GIF by Lucas and Friends by RV AppStudios


Go and join your fellow inbreds on RTG. Plenty on there with your mentality 

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1 minute ago, et tu brute said:


Typical mackem intellect 

Certainly someone that has no clue what they are talking about. Quite amusing 

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10 minutes ago, gdm said:

Certainly someone that has no clue what they are talking about. Quite amusing 

 

Probably that bullshitter old bloke from rtg who gets everything spectacularly wrong, yet they all hang off his every word [emoji38]

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41 minutes ago, rutland said:

 

Just from the thread.

 

Never mind not having the money to invest further, PCP don't have the money to keep the 6% they had. Ha Ha Ha Lol GIF by Lucas and Friends by RV AppStudios

Not as funny as your last attempt at a wind up.

 

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28 minutes ago, NE27 said:

 

Probably that bullshitter old bloke from rtg who gets everything spectacularly wrong, yet they all hang off his every word [emoji38]

Rapey Exile?

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Just now, et tu brute said:


Brian Griffin or Skylon I reckon as they talk utter shite also 

Potentially, if they can find time away from plotting to abduct and molest Holly Willoughby, the pair of deviant whoppers. 

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8 minutes ago, Nucasol said:

Rapey Exile?

 

Nah he's just a downright degenerate.

 

I can't remember his username now but he always supposedly had the inside scoops on financial deals, which is easy when they're completely fabricated by a sad old man.

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2 hours ago, gdm said:

They sold their shares to PIF. One of the richest people in football. How are you spinning that in to a bad thing? 

Is this confirmed?  Hadn’t seen who they sold their shares to (likely I missed it)

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