et tu brute Posted July 11 Share Posted July 11 15 minutes ago, rutland said: err doubt it. But booked marked anyway. Here's the mackem boy Link to post Share on other sites More sharing options...
RobsonsWonderland Posted July 11 Share Posted July 11 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 Link to post Share on other sites More sharing options...
Jackie Broon Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
jackyboy Posted July 11 Share Posted July 11 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 Link to post Share on other sites More sharing options...
Eveready Posted July 11 Share Posted July 11 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: 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. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted July 11 Share Posted July 11 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: 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 Link to post Share on other sites More sharing options...
The College Dropout Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
Dr Venkman Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
timeEd32 Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
The College Dropout Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
rutland Posted July 11 Share Posted July 11 3 hours ago, et tu brute said: Here's the mackem boy 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. Link to post Share on other sites More sharing options...
timeEd32 Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
gdm Posted July 11 Share Posted July 11 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. They sold their shares to PIF. One of the richest people in football. How are you spinning that in to a bad thing? Link to post Share on other sites More sharing options...
et tu brute Posted July 11 Share Posted July 11 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. Go and join your fellow inbreds on RTG. Plenty on there with your mentality Link to post Share on other sites More sharing options...
et tu brute Posted July 11 Share Posted July 11 1 minute 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? Typical mackem intellect Link to post Share on other sites More sharing options...
gdm Posted July 11 Share Posted July 11 1 minute ago, et tu brute said: Typical mackem intellect Certainly someone that has no clue what they are talking about. Quite amusing Link to post Share on other sites More sharing options...
NE27 Posted July 11 Share Posted July 11 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 Link to post Share on other sites More sharing options...
Dancing Brave Posted July 11 Share Posted July 11 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. Not as funny as your last attempt at a wind up. Link to post Share on other sites More sharing options...
Nucasol Posted July 11 Share Posted July 11 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 Rapey Exile? Link to post Share on other sites More sharing options...
et tu brute Posted July 11 Share Posted July 11 Just now, Nucasol said: Rapey Exile? Brian Griffin or Skylon I reckon as they talk utter shite also Link to post Share on other sites More sharing options...
Nucasol Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
NE27 Posted July 11 Share Posted July 11 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. Link to post Share on other sites More sharing options...
Charlies Posted July 11 Share Posted July 11 Grumpy old man? Link to post Share on other sites More sharing options...
NE27 Posted July 11 Share Posted July 11 11 minutes ago, Charlies said: Grumpy old man? Could be him. Link to post Share on other sites More sharing options...
TheBrownBottle Posted July 11 Share Posted July 11 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) Link to post Share on other sites More sharing options...
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