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Post by Mastercracker on May 23, 2019 14:12:02 GMT 1
This is a fucking disgrace if we're being honest. Parachute payments are intended so you have enough money left to actually pay your players who are still on huge contracts. Or to buy and pay new players when your best ones leave. They should not be used to give to a departing chairman! Sunderland did this you say?? Oh, fantastic! How did it work out for them?? Someone on DATM suggests it then it's automatically the truth? Life long town fan sells to life long town fan, and people question their motives  |
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Post by upthetown on May 23, 2019 14:33:53 GMT 1
This is a fucking disgrace if we're being honest. Parachute payments are intended so you have enough money left to actually pay your players who are still on huge contracts. Or to buy and pay new players when your best ones leave. They should not be used to give to a departing chairman! Sunderland did this you say?? Oh, fantastic! How did it work out for them?? Someone on DATM suggests it then it's automatically the truth? That’s how facts work... Also must be true if Wikipedia says so. These are the established laws of the internet. |
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Post by upthetown on May 23, 2019 14:34:31 GMT 1
Someone on DATM suggests it then it's automatically the truth? Life long town fan sells to life long town fan, and people question their motives Where are the new signings??? Outraged. Etc. |
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Post by Solihull Terrier on May 23, 2019 14:44:19 GMT 1
This is a fucking disgrace if we're being honest. Parachute payments are intended so you have enough money left to actually pay your players who are still on huge contracts. Or to buy and pay new players when your best ones leave. They should not be used to give to a departing chairman! Sunderland did this you say?? Oh, fantastic! How did it work out for them?? How can something be a disgrace if you don't even have the foggiest that it's actually happened and when most indicators are that it hasn't happened? |
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Post by Spike24 on May 23, 2019 17:48:55 GMT 1
This is a fucking disgrace if we're being honest. Parachute payments are intended so you have enough money left to actually pay your players who are still on huge contracts. Or to buy and pay new players when your best ones leave. They should not be used to give to a departing chairman! Sunderland did this you say?? Oh, fantastic! How did it work out for them?? Do you read the sun by any chance, or just really gullible? |
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Post by terrierneil on May 23, 2019 17:53:29 GMT 1
This is a fucking disgrace if we're being honest. Parachute payments are intended so you have enough money left to actually pay your players who are still on huge contracts. Or to buy and pay new players when your best ones leave. They should not be used to give to a departing chairman! Sunderland did this you say?? Oh, fantastic! How did it work out for them?? Do you read the sun by any chance, or just really gullible? Please tell me I'm wrong but why would someone make this up? We all know PH doesn't have 60m to buy the club so how else had it happened? |
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Post by Deleted on May 23, 2019 18:00:03 GMT 1
Do you read the sun by any chance, or just really gullible? Please tell me I'm wrong but why would someone make this up? We all know PH doesn't have 60m to buy the club so how else had it happened? DH has said we do not know what PH has, and I think that he should know, so please excuse me for not knowing what you think you know. |
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Post by BLUE&WHITE on May 23, 2019 20:53:28 GMT 1
I would suspect that PH doesn't have a lot but perhaps he is ready to sell out his businesses which could be worth a bit.
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Post by HuddsTerrier on May 23, 2019 21:49:20 GMT 1
When Hoyle took over our assets were
No stake in the stadium
No permanent training facilities - instead using a derelict cricket field in the grounds of an old Victorian lunatic asylum
Player assets worth less than £1m
A fan base of about 9k who attended (average attendance was 9391)
A club losing money annually and to all intents and purpose in a slow death spiral
What has happened in the last decade is due to hoyles deep pockets (players and cheap ticket) and leadership so the assets we have now are entirely because of him
That’s not to say I expect he’ll take money from the club - that’s never been his style - but equally if the decision is to stablise in the championship we’d we still be a million miles better than in 2007
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Post by tockyterrier on May 23, 2019 22:23:19 GMT 1
Don't know the exact figures. But the club owed Dean around £50m in director loans for the previous 9 years has financed the club.
But I believe all the players purchased last season and the upgrade to the stadium were funded by Dean until the premier league payment arrived.
If Dean has sold the club on the basis of PH repaying of some/all of his debt but is happy for that to occur over a 3 year period, so PH essentially gets the club for nothing, but with lower guaranteed income and no debt.
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Post by Doc Halladay 32 on May 24, 2019 1:56:44 GMT 1
Heard a story alleged from a close source that PH has paid a nominal fee 6m for the club and the rest of the takeover is going to be paid for by the parachute payments. Deano has kept 25% incase it goes wrong and can buy the club back at agreed price. I can't see this myself and didn't seem possible but read that's exactly how Sunderland allegedly financed their takeover. It does seem strange that most other buyouts of clubs quote figures other details ours has been a bit cloak n dagger. To be honest so long as we have a good team to cheer and the future is safe then alls well I am calling bullshit on this (I know you also mention your skepticism) but why is there the need to use phrases like cloak and dagger when its just not needed or the least bit helpful. The numbers just don't add up to me! The 3 years parachute payments add up to £90.7m (41.6m, 34m, 15.1m) in addition to the initial £6m - all for only 75% of the club! £96m for 75% would mean we were valued at £128m. If this scenario has played out then DH - who has done EVERYTHING for the benefit of the club during his tenure has essentially held the new buyer to ransom and plundered the future earnings of the club for the next 3 years. Thus I don't believe that our best chairman ever has suddenly turned into some sort of Dick Turpin - This scenario also questions the intelligence of our new millionaire owner, because no-one in their right mind would agree to take on a club with a massive wage bill that is committed paying to future years of current players contracts and their main income source for the next 3 years already spent. It's a no from me! |
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Post by townohiofan on May 24, 2019 2:51:18 GMT 1
So I assume after this long that part 1 of the interview with PH was the only part... That or less than pleasant things were said about a few of the future outgoings and they’re waiting for moves to be finalized.
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Post by showaddywaddywaddy on May 24, 2019 5:53:14 GMT 1
Whether true for Town or not,oklets assume it has been the case wirh Sunderland then...but can someone explain in simple terms how does club money ie Premier League payments become a mans personal money to buy the club ? as an aside its lverly idealistic I know.. but the TV money washing over English football for nearly 30 years has given ample scope for supporter ownership (Barcelona style) and many a trick been missed and capitalised on instead by speculators.
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andyt
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Post by andyt on May 24, 2019 7:57:59 GMT 1
The club not PH owe Dean Hoyle almost £50m that he has loaned over it over the years. The sale effectively only pays him back, he’s not making a profit. Without his £50m the club would be worth nothing, if not a lot less. He’s right to take his money back, you all would. The club will receive in excess of £100m for the last season, and close to £120m over the next 3 years. PH effective regardless of what he has paid personally, which I suspect isn’t too much, still has £170m to manage the club with going forward. In my opinion it’s a win win situation, providing he does it sensibly. Good luck Dean and good luck PH.
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Post by galpharm2400 on May 24, 2019 10:05:54 GMT 1
maybe its a process of protecting the clubs income from the premier league for the next few years so that it cannot be 'removed' by a company or individuals..an amount of money spread over that time to invest in players/wages that is totally flexible depending on success or lack of it over that time period??
ie; the short term future of the club is key, whilst the premier league money is flowing through it.If we do not get back in a number of years we are not left with hideous debt. If we do get back then clearly the situation changes. Sensible aims, financed sensibly with a goal that inevitably changes everything and in our case cannot be paid for in advance in the 'hope' we reach it??
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Post by Deleted on May 24, 2019 10:56:06 GMT 1
Do you read the sun by any chance, or just really gullible? Please tell me I'm wrong but why would someone make this up? We all know PH doesn't have 60m to buy the club so how else had it happened? And we all don’t know that the club has been sold for £60m or that Dean has expected to get all or indeed ANY of his directors loans repaid. Just as likely that he’s written off his directors loans as the price he’s effectively paid for the privilege of owning it, and more or less “given away” the football club...with the club starting to pay a rental for use of Canalside (that he directly controls and owns) from which he might take an income directly or indirectly if he’s in need of a bit of cash. In fact, more likely...given that’s what Dean has regularly said over a period of a few years. |
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Post by wainwright on May 24, 2019 18:25:03 GMT 1
A deal involving the parachute payments seems highly plausible , with them being used as security for borrowing perhaps.
Remember, a tinpot club like Southport is struggling to pay its bills at the moment!
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Post by royrace on May 24, 2019 18:58:32 GMT 1
A deal involving the parachute payments seems highly plausible , with them being used as security for borrowing perhaps. Remember, a tinpot club like Southport is struggling to pay its bills at the moment! I think that’s probably nail on head. |
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Post by Walton-on-the-Hill Terrier on May 24, 2019 19:18:44 GMT 1
A deal involving the parachute payments seems highly plausible , with them being used as security for borrowing perhaps. Remember, a tinpot club like Southport is struggling to pay its bills at the moment! I think that’s probably nail on head. He’s just a bitter Southport fan looking to stir it up on here any chance he can get. |
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Melc
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Post by Melc on May 24, 2019 19:26:53 GMT 1
A deal involving the parachute payments seems highly plausible , with them being used as security for borrowing perhaps. Remember, a tinpot club like Southport is struggling to pay its bills at the moment! Why would a peeved off Southport fan be interested in Huddersfield? Fuck off to your tin pot club forum as we don’t give a shit if you can’t pay your bills or not. As for parachute payments you clearly don’t have a clue! |
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Post by wainwright on May 24, 2019 19:40:05 GMT 1
A deal involving the parachute payments seems highly plausible , with them being used as security for borrowing perhaps. Remember, a tinpot club like Southport is struggling to pay its bills at the moment! Why would a peeved off Southport fan be interested in Huddersfield? Fuck off to your tin pot club forum as we don’t give a shit if you can’t pay your bills or not. As for parachute payments you clearly don’t have a clue! Charming! The point is that if Southport can’t pay their relatively modest bills then it doesn’t give much confidence to Huddersfield. |
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Post by portugalterrier on May 24, 2019 19:40:26 GMT 1
There is no purchase price, just an undertaking to repay loans over 3/4 years.
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Post by Frankiesleftpeg on May 24, 2019 19:44:05 GMT 1
There is no purchase price, just an undertaking to repay loans over 3/4 years. Sounds feasable but the only concern with that is that he may use club funds to pay off the loan rather than his own money. |
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Post by Floyds on May 24, 2019 19:45:33 GMT 1
Why would a peeved off Southport fan be interested in Huddersfield? Fuck off to your tin pot club forum as we don’t give a shit if you can’t pay your bills or not. As for parachute payments you clearly don’t have a clue! Charming! The point is that if Southport can’t pay their relatively modest bills then it doesn’t give much confidence to Huddersfield. Not sure you’ll have seen any Huddersfield fans with “much confidence”, in fairness. We’ve been taken over by someone without any wealth or investors - hardly a recipe for success! |
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Post by rothwellterrier on May 24, 2019 19:46:09 GMT 1
What does that even mean?? It's typical galpharm2400 - he specialises in cryptic statements. I often get headaches trying to work out the meaning behind his posts. And I wish he'd stop using two fulls tops all of time - it only adds to the uncertainty..  I've often thought he must have worked at YTV many years ago writing the clues for the 3-2-1/ Dusty Bin show and he was keeping his hand in should they bring the show back |
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Post by Deleted on May 24, 2019 19:55:57 GMT 1
Charming! The point is that if Southport can’t pay their relatively modest bills then it doesn’t give much confidence to Huddersfield. Not sure you’ll have seen any Huddersfield fans with “much confidence”, in fairness. We’ve been taken over by someone without any wealth or investors - hardly a recipe for success! you like all the others have no idea on his wealth. give it a rest and lets move on. |
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Post by Floyds on May 24, 2019 19:56:59 GMT 1
Yeah.
Let’s wait and see 👌
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Post by Deleted on May 24, 2019 20:03:58 GMT 1
There is no purchase price, just an undertaking to repay loans over 3/4 years. Says who? |
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Post by tockyterrier on May 24, 2019 22:11:04 GMT 1
There is no purchase price, just an undertaking to repay loans over 3/4 years. Sounds feasable but the only concern with that is that he may use club funds to pay off the loan rather than his own money. Is the club that owes Hoyle, not PH, so why not? Hoyle is clearly satisfied that whatever deal/arrangement and funding available from club /PH is adequate to safeguard the club. |
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Post by Frankiesleftpeg on May 24, 2019 22:25:45 GMT 1
Sounds feasable but the only concern with that is that he may use club funds to pay off the loan rather than his own money. Is the club that owes Hoyle, not PH, so why not? Hoyle is clearly satisfied that whatever deal/arrangement and funding available from club /PH is adequate to safeguard the club. If he uses the club's money to purchase/pay Hoyle back then he's effectively getting it for nowt. Surely the money that's left in the club/future parachute payments are for the running of the club. |
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