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Post by Henbury Gas on Oct 20, 2017 14:24:00 GMT
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Post by Deleted on Oct 20, 2017 14:38:37 GMT
Looks like the Wolves owner is starting to stamp his authority on the club. Exciting times.
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Post by casey12a on Oct 20, 2017 15:25:49 GMT
It does make you wonder where the money to pay for the improved infrastructure is going to come from now we won't have additional income streams from UWE. It's not currently substainable.
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Post by barbarycoaster on Oct 20, 2017 15:39:29 GMT
I'm sure this family COULD put real money in if they wanted to, but there aren't any signs they want to.
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Post by cookinongas on Oct 20, 2017 16:02:39 GMT
I thought when the al qadi's took over and a new board was set up we employed everybody and his dog to cover all aspects of a new exciting era for the gas, Names and faces that were paraded on the website and i can't even remember half of them now. Are they all still at the club? We seem to constantly employing people to do admin jobs when surely the emphasis should be on the fact that we are a FOOTBALL club, you know, eleven players on a rectangle pitch trying to beat opposition teams!!!
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Post by toddy1953 on Oct 20, 2017 16:06:44 GMT
Job ad for Club Doctor too, to start Dec....
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Post by gasandelectricity on Oct 20, 2017 16:07:06 GMT
People keep saying the club is sh**ter at communication than under the also bad nick Higgs administration. Surely this is good news?!
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Post by gasandelectricity on Oct 20, 2017 16:09:02 GMT
To add you lot would whinge about the al Qadi commitment even if the club announced tomorrow that we’d bought Ikea and replaced it overnight with a 90000 seater starting next Saturday and with Lionel messi in the starting 11 from January.
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Post by alant1 on Oct 20, 2017 16:17:50 GMT
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Post by Deleted on Oct 20, 2017 16:22:57 GMT
To add you lot would whinge about the al Qadi commitment even if the club announced tomorrow that we’d bought Ikea and replaced it overnight with a 90000 seater starting next Saturday and with Lionel messi in the starting 11 from January. OH so you also overhead this being said I thought I had imagined it. Gonna happen . |
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Post by mehewmagic on Oct 20, 2017 16:58:21 GMT
just for info -
This was a new role about a year ago, but it was filled. It has presumably become vacant again.
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Post by alant1 on Oct 20, 2017 16:59:07 GMT
Won't that come out of the 10 million pound loan secured again the Mem being charged interest on?
What happens when that runs out and we have no more assets?
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Post by You can call me Al. on Oct 20, 2017 17:05:25 GMT
Always worth noting the world's largest taxi firm, Uber, owns no cars. The world's most popular media company, Facebook, creates no content. The world's most valuable retailer, Alibaba, carries no stock. And the world's largest accommodation provider, Airbnb, owns no property.
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Post by knowall on Oct 20, 2017 17:20:51 GMT
Won't that come out of the 10 million pound loan secured again the Mem being charged interest on? What happens when that runs out and we have no more assets? Did you worry about the previous Board members charging interest on loans and bonds? Funny you didn't mention it then? |
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Post by alant1 on Oct 20, 2017 17:40:37 GMT
How do you know what I said or thought?
We are spending way beyond our means and losing more money every year with no sign of any new ground or creating extra revenue.
If you are happy with how things are going then that's you opinion and I respect that like I would expect you to respect mine.
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Post by bluebeard on Oct 20, 2017 17:46:07 GMT
Won't that come out of the 10 million pound loan secured again the Mem being charged interest on? What happens when that runs out and we have no more assets? This keeps coming up. We know there is a £10M credit facility from the holding co, but we don't know what will happen when it's spent. I reckon there are 3 options: 1. It will be increased 2. It will be capitalised (i.e. debt converted to equity) 3. The Mem will be sold, the loan repaid and the owners will disappear into the sunset The charge on the Mem is irrelevant, the owners can do what they want with their assets. Securing the loan simply ensures they will rank ahead of other creditors if anything goes wrong. As far as I can see, nobody has ever confirmed or denied whether interest is actually being charged on the credit line. 6% has been quoted more than once so it has now become fact. However, someone recently suggested this was calculated from the last financials by a "clever accountant". Those accounts would have included interest charges of 18% on the MSP loan and unless they know the exact dates and balances involved, I doubt any credible accountant would even attempt a guess. |
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Post by Deleted on Oct 20, 2017 17:52:58 GMT
alot of whooooosing in this thread?
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Post by Antonio Fargas on Oct 20, 2017 17:56:39 GMT
Pretty sure all SL's contributions to City were in the form of debt and equity, until the FFP forced him to write off some of the debt.
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Post by BishopstonBRFC on Oct 20, 2017 18:55:10 GMT
I'm sure this family COULD put real money in if they wanted to, but there aren't any signs they want to. What? Have you read the article? |
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Post by barbarycoaster on Oct 21, 2017 13:06:28 GMT
I'm sure this family COULD put real money in if they wanted to, but there aren't any signs they want to. What? Have you read the article? Which one? The job advert? 📑 |
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