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Post by gaelgas on Aug 16, 2018 15:50:47 GMT
All this and yet people are convinced that the owners want to sell the club, why do all this (particularly the increased staffing costs) if they want to sell the club, surely those increased costs are likely to put potential buyers off? You are making the schoolboy error of thinking we are dealing with a family of business materminds when, in reality, it very much seems like they have bought into something they either don't understand or totally under-estimated. Therefore spending more money to put a veneer of repectability on the product to make it more enticing to potential buyers may just make sense to them... Well it's a long time since I was called a school boy, thanks for clearing that up for me.
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Post by Deleted on Aug 16, 2018 15:52:57 GMT
When did we go from Β£7/8m debt to Β£12m? The accounts submitted in March 2018 were showing net liabilities of Β£10m an increase of Β£1.35m from the previous year. And those figures were from June 2017.
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Post by Big Jock on Aug 16, 2018 15:55:43 GMT
Deja vu . . . . .
Photo courtesy of Knowall (who is out of th picture)
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Post by Deleted on Aug 16, 2018 16:13:12 GMT
You are making the schoolboy error of thinking we are dealing with a family of business materminds when, in reality, it very much seems like they have bought into something they either don't understand or totally under-estimated. Therefore spending more money to put a veneer of repectability on the product to make it more enticing to potential buyers may just make sense to them... Well it's a long time since I was called a school boy, thanks for clearing that up for me. If it's any consolation it's easily done. I myself thought they must know what they are doing but after watching their behaviour with interest and listening to the comments of others (Hamer: "they underestimated the costs") leading up to the present day the only logical conclusion is that they do not know their ass from their elbows.
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Post by Deleted on Aug 16, 2018 16:15:40 GMT
The accounts submitted in March 2018 were showing net liabilities of Β£10m an increase of Β£1.35m from the previous year. And those figures were from June 2017.Β Bingo. Do you think that could be linked to all these sudden rumours about how they want to sell? They are in serious danger of risking their own money keep the club afloat...
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Post by gaelgas on Aug 16, 2018 16:21:09 GMT
Well it's a long time since I was called a school boy, thanks for clearing that up for me. If it's any consolation it's easily done. I myself thought they must know what they are doing but after watching their behaviour with interest and listening to the comments of others (Hamer: "they underestimated the costs") leading up to the present day the only logical conclusion is that they do not know their ass from their elbows. Again, thanks for the clarification, glad to know I'm easily fooled. I guess we all have different opinions, not sure it's 'the only logical conclusion'.
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Post by Deleted on Aug 16, 2018 16:28:21 GMT
If it's any consolation it's easily done. I myself thought they must know what they are doing but after watching their behaviour with interest and listening to the comments of others (Hamer: "they underestimated the costs") leading up to the present day the only logical conclusion is that they do not know their ass from their elbows. Again, thanks for the clarification, glad to know I'm easily fooled. I guess we all have different opinions, not sure it's 'the only logical conclusion'. Well if you have any other ideas then I'm all ears although you will be disputing the word of our chairman because, let's be fair, under-estimating costs is pretty schoolboy for such a renowned family of bankers. That should be their bread and butter, no?
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Post by gaelgas on Aug 16, 2018 16:38:58 GMT
Again, thanks for the clarification, glad to know I'm easily fooled. I guess we all have different opinions, not sure it's 'the only logical conclusion'. Well if you have any other ideas then I'm all ears although you will be disputing the word of our chairman because, let's be fair, under-estimating costs is pretty schoolboy for such a renowned family of bankers. That should be their bread and butter, no? I must have missed the part where the chairman says the owners want to sell.
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Post by Deleted on Aug 16, 2018 16:45:51 GMT
Well if you have any other ideas then I'm all ears although you will be disputing the word of our chairman because, let's be fair, under-estimating costs is pretty schoolboy for such a renowned family of bankers. That should be their bread and butter, no? I must have missed the part where the chairman says the owners want to sell. Maybe they don't, for me personally having seen a lot of rumours on this forum they normally crop up in ones and twos and are quite disparate. It's a new pattern for 4 or 5 to appear from different posters all with the core theme that the owners have had enough. When you put that with the accounts showing that the debt is now nearly equal to a reasonable estimate of the value of the mem and Wael telling us the family are not a charity and will not put their own money in... Put it another way- were you convinced by Wael's answer when asked categorically whether the family were still committed to the club?
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Post by aghast on Aug 16, 2018 16:55:14 GMT
All this and yet people are convinced that the owners want to sell the club, why do all this (particularly the increased staffing costs) if they want to sell the club, surely those increased costs are likely to put potential buyers off? You are making the schoolboy error of thinking we are dealing with a family of business materminds when, in reality, it very much seems like they have bought into something they either don't understand or totally under-estimated. Therefore spending more money to put a veneer of repectability on the product to make it more enticing to potential buyers may just make sense to them... Wealthy foreign investors buy a football club, realise they've made an awful mistake and sell it on to some other mugs? Surely not. That's never happened before.
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Post by gaelgas on Aug 16, 2018 16:55:55 GMT
I must have missed the part where the chairman says the owners want to sell. Maybe they don't, for me personally having seen a lot of rumours on this forum they normally crop up in ones and twos and are quite disparate. It's a new pattern for 4 or 5 to appear from different posters all with the core theme that the owners have had enough. When you put that with the accounts showing that the debt is now nearly equal to a reasonable estimate of the value of the mem and Wael telling us the family are not a charity and will not put their own money in... Put it another way- were you convinced by Wael's answer when asked categorically whether the family were still committed to the club? I understand what you're saying, I'm just not convinced that they want out given the investment they have made, sounds a bit like a conspiracy theory. I'm not sure Wael actually knows everything that's going on which may explain his hesitancy, he always sounds a bit like that. I guess we'll find out in due course, until then it's all speculation.
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Post by Deleted on Aug 16, 2018 18:36:17 GMT
The people employed are here to help sell the club I would imagine, the tap has been turned off, they might have saved us from administration but all these people with information are sounding like something is going on. whether this will be beneficial to us in the future no one knows, but the family clearly did not realise the costs involved. If we had tied up the Sainsburyβs deal properly with no wriggle room, we would be there now. I'm not convinced that an office full of staff and office in London, CEO and PA, development and academy staff, a relaid pitch, temporary stands and electronic turnstiles are all needed to sell the club. If anything it sounds like long term investment, again would a prospective buyer really be attracted by all the extra staff costs? Would they be more attracted without the extra staff costs? I think you can make a case either way, but to tie this in with my original point I wouldn't make the assumption that everything they do is going to make business sense because in investing in a football club it seems pretty clear that some way, some how, the ball was dropped and they got into something that they didn't plan for.
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Post by Deleted on Aug 16, 2018 18:40:10 GMT
Maybe they don't, for me personally having seen a lot of rumours on this forum they normally crop up in ones and twos and are quite disparate. It's a new pattern for 4 or 5 to appear from different posters all with the core theme that the owners have had enough. When you put that with the accounts showing that the debt is now nearly equal to a reasonable estimate of the value of the mem and Wael telling us the family are not a charity and will not put their own money in... Put it another way- were you convinced by Wael's answer when asked categorically whether the family were still committed to the club? I understand what you're saying, I'm just not convinced that they want out given the investment they have made, sounds a bit like a conspiracy theory. I'm not sure Wael actually knows everything that's going on which may explain his hesitancy, he always sounds a bit like that. I guess we'll find out in due course, until then it's all speculation. You could be right, I don't think we cwn rule anything out at the moment. My personal feeling is that when a number of posters have variations on the same rumour all at the same time you have to give it some credence. In terms of due course that won't be far off now as we are almost at the tipping point where they need to fund the club and risk not getting it back. If they were to do that then i would agree with you that they are probably here long term. As it is it makes sense that they would be looking for a buyer ASAP as they are not a charity.
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Post by gaelgas on Aug 16, 2018 18:57:37 GMT
I understand what you're saying, I'm just not convinced that they want out given the investment they have made, sounds a bit like a conspiracy theory. I'm not sure Wael actually knows everything that's going on which may explain his hesitancy, he always sounds a bit like that. I guess we'll find out in due course, until then it's all speculation. You could be right, I don't think we cwn rule anything out at the moment. My personal feeling is that when a number of posters have variations on the same rumour all at the same time you have to give it some credence. In terms of due course that won't be far off now as we are almost at the tipping point where they need to fund the club and risk not getting it back. If they were to do that then i would agree with you that they are probably here long term. As it is it makes sense that they would be looking for a buyer ASAP as they are not a charity. I just hope if they are looking to sell, that there is someone out there decent looking to buy us.
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Post by pucklegas on Aug 16, 2018 19:22:23 GMT
Probably in the minority but I like Simon Jordan, talks a lot of sense on talksport, if I was a techno I would tweet him lol π
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Post by gas2 on Aug 16, 2018 19:47:35 GMT
Another thread a few months ago on here was on the edge of greatness what ever happend to thAt henbury gas?
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nsgas
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Post by nsgas on Aug 16, 2018 19:48:09 GMT
Surely there is nothing surprising about the suggestion that the owner of a business that loses millions of pounds a year might want to sell. To me it would be far more surprising if they didn't want to.
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Post by Henbury Gas on Aug 16, 2018 19:51:14 GMT
Another thread a few months ago on here was on the edge of greatness what ever happend to thAt henbury gas? We still are very much on the edge of greatness, but somebody moved the cliff edge... Our day will come very soon and we will bask in the glory of a stadium and academy complex Manchester city would be proud off
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Post by pucklegas on Aug 16, 2018 20:01:15 GMT
Another thread a few months ago on here was on the edge of greatness what ever happend to thAt henbury gas? We still are very much on the edge of greatness, but somebody moved the cliff edge... Our day will come very soon and we will bask in the glory of a stadium and academy complex Manchester city would be proud off If Julie is reading this, she will be getting a search warrant under the misuse of drugs act and smashing off your door π
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Post by dinsdale on Aug 16, 2018 20:33:57 GMT
You could be right, I don't think we cwn rule anything out at the moment. My personal feeling is that when a number of posters have variations on the same rumour all at the same time you have to give it some credence. In terms of due course that won't be far off now as we are almost at the tipping point where they need to fund the lclub and risk not getting it back. If they were to do that then i would agree with you that they are probably here long term. As it is it makes sense that they would be looking for a buyer ASAP as they are not a charity. I just hope if they are looking to sell, that there is someone out there decent looking to buy us. Two things im certain of 1. They want out and 2. Anyone would be mad to buy us. Hence this continuation of rag bagginess. I dont know where the UWE talks fit info what is going on but i will do more digging .
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