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Post by mickwadsworth26 on Aug 6, 2019 10:29:46 GMT 1
For the mp to tweet that suggests more than a handful have contacted him about this To be fair not all the numpties are on DATM, there's thousands more on twitter. I know you don’t like my negativity John, but I like you as your named after our best ever penalty taker |
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Maynardblue
Jimmy Nicholson Terrier
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Post by Maynardblue on Aug 6, 2019 10:34:26 GMT 1
PH used his own money to buy the club Wrong I can't make you believe me. People can believe whatever they want |
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Post by artysid on Aug 6, 2019 10:37:19 GMT 1
To be fair not all the numpties are on DATM, there's thousands more on twitter. I know you don’t like my negativity John, but I like you as your named after our best ever penalty taker Wonder what his thought process was "erm should I go for Coddington or Wadsworth?" tough choice  |
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Post by blueandbrightside on Aug 6, 2019 10:38:04 GMT 1
Which all goes along with what the southport fan said, promised the world at the beginning You can get away with changing the seats and bringing in a few players for a hundred grand at southport.... but we are in the 5th biggest league in the world... He needs to either put up or shut up and sell the club on. Half arsed stuff, like not even been arsed putting the clappers on the seats, it all stinks of non league chairmanship. Why the fuck was he on the pitch at half time? He should be working his nuts off on deals in time for Thursday's deadline both in and out. For me Jan and Phil have 10 games.... after that he better get a container of tin hats because hes going to need them if it goes tits. Why on the pitch? Trying to engage with fans maybe? Should he only do that if we are winning (so people can complain he’s hiding when we lose)? It would have been far easier for him to swerve that one last night wouldn’t it? Why clappers in bins? I guess a few possibilities, in response to some people saying they don’t want them, in response to lots being left under seats unused and therefore getting the environmentally concerned questioning why put them there. If you were the chairman then you wouldn’t actually watch games, engage the crowd or spend time entertaining sponsors etc, you’d be busy doing deals and any other job that needs doing around the ground instead? If they’ve got ten games you appear to be getting warned up very early or are you trying to help them fail from the sidelines? Last night was poor but not to this level of reaction. Team needs a bit of confidence and the man on the pitch at half time can help but equally so can the 20k in the ground, maybe people could go back to some unconditional full on support for the 10 games to maximise the chances of success rather than full on hysteria to minimise it? |
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Post by themanfromatlantis on Aug 6, 2019 10:38:42 GMT 1
55 pages minimum... Wouldn't even have made 2 pages if we'd won 3-0 last night. The fickle nature of the (now seemingly entitled) football supporter... Don't think there'll be many people on this board being proactively signed up by Mensa...  |
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Post by Deleted on Aug 6, 2019 10:40:11 GMT 1
Why would he lie? I think folk are forgetting DH is still a 25% shareholder in the club. Do you think he'd be lied to by Phil H? I agree with you on the fact that I don't think he's lying. The £40m parachute payment is doing exactly what is it meant to do and covering this seasons wage bill. I do however think that as fans we have a right to ask why we haven't made more changes to a playing squad that failed miserably last season and was always going to have the same failings again, chance creation being the main one. We're going to recoup £20m in player sales this transfer window and I won't for one second buy it if we're told that that £20m has already gone as well because PH was quite clear that we didn't need to sell anyone. Therefore you would assume any funds from player sales are extra money on top of what we already had to cover costs. As fans we have every right to question why money from player sales isn't reinvested in a playing squad that desperately needs new faces. Surely this was part of the deal as if you were selling any business, sat on assets of £Xm that are due to be imminently sold, this would affect the cost of the deal so effectively the money could have already been 'spent'? |
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Post by townrwe on Aug 6, 2019 10:43:11 GMT 1
You can get away with changing the seats and bringing in a few players for a hundred grand at southport.... but we are in the 5th biggest league in the world... He needs to either put up or shut up and sell the club on. Half arsed stuff, like not even been arsed putting the clappers on the seats, it all stinks of non league chairmanship. Why the fuck was he on the pitch at half time? He should be working his nuts off on deals in time for Thursday's deadline both in and out. For me Jan and Phil have 10 games.... after that he better get a container of tin hats because hes going to need them if it goes tits. Why on the pitch? Trying to engage with fans maybe? Should he only do that if we are winning (so people can complain he’s hiding when we lose)? It would have been far easier for him to swerve that one last night wouldn’t it? Why clappers in bins? I guess a few possibilities, in response to some people saying they don’t want them, in response to lots being left under seats unused and therefore getting the environmentally concerned questioning why put them there. If you were the chairman then you wouldn’t actually watch games, engage the crowd or spend time entertaining sponsors etc, you’d be busy doing deals and any other job that needs doing around the ground instead? If they’ve got ten games you appear to be getting warned up very early or are you trying to help them fail from the sidelines? Last night was poor but not to this level of reaction. Team needs a bit of confidence and the man on the pitch at half time can help but equally so can the 20k in the ground, maybe people could go back to some unconditional full on support for the 10 games to maximise the chances of success rather than full on hysteria to minimise it? Id be working my nuts off to turn around the football at the club, not entertaining or getting caught up in the gravitas of chairmanship. He can do that over the next 10 years once he has begun to turn the club around or when he has actually achieved something at the club. Until then stick to his own mantra and show some Working. Class. |
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Post by malcolmbrown on Aug 6, 2019 10:50:04 GMT 1
all smoke and mirrors to apease the happy clapping nodding dogs.we have a right as supporters to see detailed accounts to actually see where moneys gone to me it just doesnt add up that after 2 years in premiership and all the riches it bring where left with no money we have spent around £500.000 max yet we have just pulled in £19.000.000.we buy players from lower leagues on cheap when we should be competing with anybody in our division for any quality players.🐑🐑🐑🐑🐑🐑🐑🐑 You've hit the nail on the head there. |
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Post by Frankiesleftpeg on Aug 6, 2019 11:05:07 GMT 1
55 pages minimum... Wouldn't even have made 2 pages if we'd won 3-0 last night. The fickle nature of the (now seemingly entitled) football supporter... Don't think there'll be many people on this board being proactively signed up by Mensa... But we didn't win 3-0 and never looked like doing so. We've only won four games in the last eighteen months and fans have a right to be pissed off by a performance that suggests nowts changed from last season. |
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Post by themanfromatlantis on Aug 6, 2019 11:21:40 GMT 1
55 pages minimum... Wouldn't even have made 2 pages if we'd won 3-0 last night. The fickle nature of the (now seemingly entitled) football supporter... Don't think there'll be many people on this board being proactively signed up by Mensa... But we didn't win 3-0 and never looked like doing so. We've only won four games in the last eighteen months and fans have a right to be pissed off by a performance that suggests nowts changed from last season. I'm just highlighting the point that a bad result in our first game of the season triggers shit among supporters who rarely appear in the good times... They'll use any slim thread of a bad vibe to have a pop at the club. There's plenty of other clubs people can go and support & probably pay 3-4 times the price of their season ticket here for the privilege of doing so. People just want to fecking moan nowadays, it's football, it's not life or death FFS... |
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Post by Mastercracker on Aug 6, 2019 11:24:31 GMT 1
The people who keep religiously voting for this pillock are insane. Voting because they are died in the wool labour voters, rather than voting for sound political reasons. Indeed. Without wanting to go too off course, labour could put Gary Monk up for election in that seat and strole home. Bizarre. |
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Post by malcolmbrown on Aug 6, 2019 11:28:06 GMT 1
Voting because they are died in the wool labour voters, rather than voting for sound political reasons. Indeed. Without wanting to go too off course, labour could put Gary Monk up for election in that seat and strole home. Bizarre. It's British politics mate. You could conversely say the same about many Conservative seats in wealthy parts of the country. It's not rocket science that people in a poor town vote for Labour. |
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Post by Mastercracker on Aug 6, 2019 11:30:40 GMT 1
Indeed. Without wanting to go too off course, labour could put Gary Monk up for election in that seat and strole home. Bizarre. It's British politics mate. You could conversely say the same about many Conservative seats in wealthy parts of the country. It's not rocket science that people in a poor town vote for Labour. Yeah and its daft. But anyway, not getting embroiled any further. |
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Post by Up the Duff. on Aug 6, 2019 11:41:07 GMT 1
Didn’t our last set of accounts show a profit of £23m ?
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Post by Big Ern on Aug 6, 2019 12:16:52 GMT 1
I'm sorry we sold an academy product for 15 million, smith for 4 million and we are playing that useless git at right back and quaner is still getting game time 🙈🙈🙈
Last night our best players looked absolutely clueless, they looked shot of all confidence and they also looked knackered.
This chairman should have got a grip of this club from the beginning and changed the manager. Instead we have gone into the season with a loser mentality on and off the pitch.
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Post by slackjaw on Aug 6, 2019 12:19:27 GMT 1
If Jan can’t get the best out of a squad including Mooy,Grant,Pritchard,Schindler,Hogg,VLP,Mounie,Kongolo then he probably isn’t the right man for the job.
While we’ve left ourselves short at fullback I’m not sure I’d give any money to spend.
He’s a massively inexperienced manager but apparently a good coach who’s been allowed to bring in his own experienced coach he hasn’t really got any excuses.Imo he won’t ever have a squad as good as this one.
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Post by thrice on Aug 6, 2019 12:25:36 GMT 1
It has gone retaining our premiership squad that should be highly competitive at this level.
Football costs a fortune but folk only ever count the money going in.
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Post by thrice on Aug 6, 2019 12:27:43 GMT 1
If Jan can’t get the best out of a squad including Mooy,Grant,Pritchard,Schindler,Hogg,VLP,Mounie,Kongolo then he probably isn’t the right man for the job. While we’ve left ourselves short at fullback I’m not sure I’d give any money to spend. He’s a massively inexperienced manager but apparently a good coach who’s been allowed to bring in his own experienced coach he hasn’t really got any excuses.Imo he won’t ever have a squad as good as this one. Slightly worrying that last seasons woes were supposedly down the players downing tools on him but Jan gets left with the same pack to play with. |
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Post by Deleted on Aug 6, 2019 12:31:42 GMT 1
My question is not about Premier League money I can believe the first years payment is spoken for.
However we have sold 20 million worth of players and not seen anyone come in. Hope we can at least get a couple of worthwhile loanees in this week but TBF I would not trust JS with massive funds.
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Post by Deleted on Aug 6, 2019 12:40:24 GMT 1
I'm sorry we sold an academy product for 15 million, smith for 4 million and we are playing that useless git at right back and quaner is still getting game time 🙈🙈🙈 Last night our best players looked absolutely clueless, they looked shot of all confidence and they also looked knackered. This chairman should have got a grip of this club from the beginning and changed the manager. Instead we have gone into the season with a loser mentality on and off the pitch. Remind me when we last lost a game prior to last night. |
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Post by towntastic on Aug 6, 2019 12:41:33 GMT 1
The real problem will be what happens when the parachute payments run out and you need a chairman that will invest in the club. It is all done on a wing and a prayer at the moment and something has gone very wrong. When the news broke that Pocketless Phil was being touted as chairman I said then what I thought but hoped I would be proved wrong. I don't get hes one of us, Dean yes, he invested in the club and deserves the accolades he gets but the passing of the baton was a big mistake. The new guy is Mr Ego and reminds me of the Michael Knighton fiasco years back at Man u. Ive read the Pure accounts and directors statements, ambulance chasing is heading for its last hurrah, maybe he wants to get into Town so he can jettison that. Hes not the man for me even to the extent of considering returning my season ticket but I thought long and hard and Ive been a Town fan from the sixties and seen chairman good and bad and will still be here when hes gone, if the Geordies can stomach it then so can I. I really hope I am proved wrong because I want town to succeed but whatever happens I will never get behind this bloke.
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Post by blueandbrightside on Aug 6, 2019 13:02:53 GMT 1
Why on the pitch? Trying to engage with fans maybe? Should he only do that if we are winning (so people can complain he’s hiding when we lose)? It would have been far easier for him to swerve that one last night wouldn’t it? Why clappers in bins? I guess a few possibilities, in response to some people saying they don’t want them, in response to lots being left under seats unused and therefore getting the environmentally concerned questioning why put them there. If you were the chairman then you wouldn’t actually watch games, engage the crowd or spend time entertaining sponsors etc, you’d be busy doing deals and any other job that needs doing around the ground instead? If they’ve got ten games you appear to be getting warned up very early or are you trying to help them fail from the sidelines? Last night was poor but not to this level of reaction. Team needs a bit of confidence and the man on the pitch at half time can help but equally so can the 20k in the ground, maybe people could go back to some unconditional full on support for the 10 games to maximise the chances of success rather than full on hysteria to minimise it? Id be working my nuts off to turn around the football at the club, not entertaining or getting caught up in the gravitas of chairmanship. He can do that over the next 10 years once he has begun to turn the club around or when he has actually achieved something at the club. Until then stick to his own mantra and show some Working. Class. So, fan and sponsor engagement isn’t, in your opinion, the job of the chairman unless the club is successful or winning promotion/cups? Also, based on you seeing him on the pitch for 5 mins, he’s not working hard, or class. Can you confirm what he was, or wasn’t, doing for the other 99.7% of yesterday to support this in any way? |
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Post by The-Crab on Aug 6, 2019 13:06:35 GMT 1
He said from now it was a one in, one out policy. Well, I haven't seen any talk of replacing Billing as yet and the Smith money has not been spent.
You want to trust Deans judgement and he still holds 25% so he still has a big interest in the club being run well. It just doesn't feel right and I don't trust this Phil. I could be totally wrong but it's just a gut feeling
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Post by Deleted on Aug 6, 2019 13:13:13 GMT 1
I'm sorry, but even for DATM some comments on this thread are very poor. People are entitled to their opinions and if football directors, managers and players aren't performing well then they can expect criticism. However, some comments in this thread call into question the personal integrity of Hodgkinson and that is poor given that there's no justification.
Concerning the money - to give a very basic financial analysis.
In the last accounts (the first PL season) we made a £23M profit. Our revenue was £125M, which means we were spending £102M.
Given that last season, we would still have been paying transfer fees from our first PL season and added some more expensive (but underwhelming) signings, it's likely that our costs were higher last season and our profit was less. We'll find out when the accounts are released.
This season, our revenue will reduce by at least £50M (probably significantly more). So we need to make significant cut backs to avoid making a sizeable loss. If costs stayed at £102M then we'd make a £27M loss and be in breach of FFP. Assuming we don't go up, revenue will reduce again next season, the season after and the season after that so we'd quickly be in Bolton territory.
You may say that it's impossible for costs to be so high when we haven't paid hefty fees this summer. However, for accounting purposes, transfers are recorded over the duration of a players contract (so if you sign someone for £20M on a 4 year deal, then it's accounted as £5M per year for 4 years), so we are still paying transfer fees from our 2 PL seasons. This also works the same with income for players sold.
Yes we've cut our wage bill, but probably not by enough to offset a £50M+ reduction in revenue. We'd have to reduce costs by 25-30% to break even this season - even more if we wanted to free up money for a summer spending spree.
So, whilst we may have as much as £75M revenue to play with this season - it's very plausible that the majority of that (or even more than that) is tied up in wages, paying off previous transfer fees and meeting ongoing obligations. Hence, we need to sell players before we can buy. We MAY now be able to buy players using revenue from Smith and Billing - but equally those sales may not have generated enough (we certainly haven't sold as many players as we all expected).
In addition to all this, if Deano wants to take back the £50M he's loaned the club over the years, then he'd be perfectly within his rights. However, that would tighten our financial position further.
It's impossible to give exact answers without the current financial information. However, it's clear from previous accounts and the rules for parachute payments that we are going to have to be very careful with our financial management, or we could be in real trouble in 2-3 years time.
Some of the criticism on this thread is completely ignorant and it's frankly pathetic that people are questioning the integrity of directors, just because they can't understand the basics of a balance sheet. Hodgkinson isn't beyond criticism and he will make mistakes in his tenure, but to accuse him of trousering money when the most recent financial information backs up what he's saying just isn't okay.
You're moaning now because of a lack of signings. If we spent millions and it meant the price of your season ticket went up, then you'd moan about that. If we made signings and kept season ticket prices low and went to the wall, then you'd be the first outside the ground calling for the director's heads. The first job of directors is to keep a business running and that's what they're doing.
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Post by townrwe on Aug 6, 2019 13:14:53 GMT 1
Id be working my nuts off to turn around the football at the club, not entertaining or getting caught up in the gravitas of chairmanship. He can do that over the next 10 years once he has begun to turn the club around or when he has actually achieved something at the club. Until then stick to his own mantra and show some Working. Class. So, fan and sponsor engagement isn’t, in your opinion, the job of the chairman unless the club is successful or winning promotion/cups? Also, based on you seeing him on the pitch for 5 mins, he’s not working hard, or class. Can you confirm what he was, or wasn’t, doing for the other 99.7% of yesterday to support this in any way? Yeah he got up in the morning and went to his pure group business meeting, hchat ad lunch around 1pm, did a bit of pure paperwork. Rang some of his pals for a night in the directors box, took in the gravitas of been town chairman, when someone said whos putting the clappers out, grabbed a few spotty kids to stand next to green bins full of clappers without actually offering them to everyone, told the office staff to lay the paddy power stuff over the sprinklers, had a few jars with his pals whilst saying hey look im the chairman of this once premier league football club, asked the dj to pump up the music in the directors box, went to pitchside to take credit for sean jarvis' hard work with paddy power. Went back to the directors box to mine sweep some pots because he had run out of money and then jumped in colin bells blue audi for a lift home. Can you confirm that he was or wasnt doing this? |
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Post by townrwe on Aug 6, 2019 13:16:11 GMT 1
I'm sorry, but even for DATM some comments on this thread are very poor. People are entitled to their opinions and if football directors, managers and players aren't performing well then they can expect criticism. However, some comments in this thread call into question the personal integrity of Hodgkinson and that is poor given that there's no justification. Concerning the money - to give a very basic financial analysis. In the last accounts (the first PL season) we made a £23M profit. Our revenue was £125M, which means we were spending £102M. Given that last season, we would still have been paying transfer fees from our first PL season and added some more expensive (but underwhelming) signings, it's likely that our costs were higher last season and our profit was less. We'll find out when the accounts are released. This season, our revenue will reduce by at least £50M (probably significantly more). So we need to make significant cut backs to avoid making a sizeable loss. If costs stayed at £102M then we'd make a £27M loss and be in breach of FFP. Assuming we don't go up, revenue will reduce again next season, the season after and the season after that so we'd quickly be in Bolton territory. You may say that it's impossible for costs to be so high when we haven't paid hefty fees this summer. However, for accounting purposes, transfers are recorded over the duration of a players contract (so if you sign someone for £20M on a 4 year deal, then it's accounted as £5M per year for 4 years), so we are still paying transfer fees from our 2 PL seasons. This also works the same with income for players sold. Yes we've cut our wage bill, but probably not by enough to offset a £50M+ reduction in revenue. We'd have to reduce costs by 25-30% to break even this season - even more if we wanted to free up money for a summer spending spree. So, whilst we may have as much as £75M revenue to play with this season - it's very plausible that the majority of that (or even more than that) is tied up in wages, paying off previous transfer fees and meeting ongoing obligations. Hence, we need to sell players before we can buy. We MAY now be able to buy players using revenue from Smith and Billing - but equally those sales may not have generated enough (we certainly haven't sold as many players as we all expected). In addition to all this, if Deano wants to take back the £50M he's loaned the club over the years, then he'd be perfectly within his rights. However, that would tighten our financial position further. It's impossible to give exact answers without the current financial information. However, it's clear from previous accounts and the rules for parachute payments that we are going to have to be very careful with our financial management, or we could be in real trouble in 2-3 years time. Some of the criticism on this thread is completely ignorant and it's frankly pathetic that people are questioning the integrity of directors, just because they can't understand the basics of a balance sheet. Hodgkinson isn't beyond criticism and he will make mistakes in his tenure, but to accuse him of trousering money when the most recent financial information backs up what he's saying just isn't okay. You're moaning now because of a lack of signings. If we spent millions and it meant the price of your season ticket went up, then you'd moan about that. If we made signings and kept season ticket prices low and went to the wall, then you'd be the first outside the ground calling for the director's heads. The first job of directors is to keep a business running and that's what they're doing. Thanks for clearing that up Phil. |
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Post by alexdire on Aug 6, 2019 13:20:54 GMT 1
I'm sorry, but even for DATM some comments on this thread are very poor. People are entitled to their opinions and if football directors, managers and players aren't performing well then they can expect criticism. However, some comments in this thread call into question the personal integrity of Hodgkinson and that is poor given that there's no justification. Concerning the money - to give a very basic financial analysis. In the last accounts (the first PL season) we made a £23M profit. Our revenue was £125M, which means we were spending £102M. Given that last season, we would still have been paying transfer fees from our first PL season and added some more expensive (but underwhelming) signings, it's likely that our costs were higher last season and our profit was less. We'll find out when the accounts are released. This season, our revenue will reduce by at least £50M (probably significantly more). So we need to make significant cut backs to avoid making a sizeable loss. If costs stayed at £102M then we'd make a £27M loss and be in breach of FFP. Assuming we don't go up, revenue will reduce again next season, the season after and the season after that so we'd quickly be in Bolton territory. You may say that it's impossible for costs to be so high when we haven't paid hefty fees this summer. However, for accounting purposes, transfers are recorded over the duration of a players contract (so if you sign someone for £20M on a 4 year deal, then it's accounted as £5M per year for 4 years), so we are still paying transfer fees from our 2 PL seasons. This also works the same with income for players sold. Yes we've cut our wage bill, but probably not by enough to offset a £50M+ reduction in revenue. We'd have to reduce costs by 25-30% to break even this season - even more if we wanted to free up money for a summer spending spree. So, whilst we may have as much as £75M revenue to play with this season - it's very plausible that the majority of that (or even more than that) is tied up in wages, paying off previous transfer fees and meeting ongoing obligations. Hence, we need to sell players before we can buy. We MAY now be able to buy players using revenue from Smith and Billing - but equally those sales may not have generated enough (we certainly haven't sold as many players as we all expected). In addition to all this, if Deano wants to take back the £50M he's loaned the club over the years, then he'd be perfectly within his rights. However, that would tighten our financial position further. It's impossible to give exact answers without the current financial information. However, it's clear from previous accounts and the rules for parachute payments that we are going to have to be very careful with our financial management, or we could be in real trouble in 2-3 years time. Some of the criticism on this thread is completely ignorant and it's frankly pathetic that people are questioning the integrity of directors, just because they can't understand the basics of a balance sheet. Hodgkinson isn't beyond criticism and he will make mistakes in his tenure, but to accuse him of trousering money when the most recent financial information backs up what he's saying just isn't okay. You're moaning now because of a lack of signings. If we spent millions and it meant the price of your season ticket went up, then you'd moan about that. If we made signings and kept season ticket prices low and went to the wall, then you'd be the first outside the ground calling for the director's heads. The first job of directors is to keep a business running and that's what they're doing. I'm sure the £23m profit would or should have been used to pay some of DH's loans back. If not and he's just taken it out as dividends and we still owe him £50m in loans, that's a disgrace. |
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Post by swam4mwg on Aug 6, 2019 13:27:38 GMT 1
Poor Phil! Already making a DATM court appearance. Guilty already. Sentencing to follow  |
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Post by Town Duppy on Aug 6, 2019 13:38:30 GMT 1
Moan, baseless speculation, moan, more bollocks, bit of a moan, complete fantasy, lack of financial understanding, moan and Jan out...……………..
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Post by Deleted on Aug 6, 2019 13:46:31 GMT 1
I'm sorry, but even for DATM some comments on this thread are very poor. People are entitled to their opinions and if football directors, managers and players aren't performing well then they can expect criticism. However, some comments in this thread call into question the personal integrity of Hodgkinson and that is poor given that there's no justification. Concerning the money - to give a very basic financial analysis. In the last accounts (the first PL season) we made a £23M profit. Our revenue was £125M, which means we were spending £102M. Given that last season, we would still have been paying transfer fees from our first PL season and added some more expensive (but underwhelming) signings, it's likely that our costs were higher last season and our profit was less. We'll find out when the accounts are released. This season, our revenue will reduce by at least £50M (probably significantly more). So we need to make significant cut backs to avoid making a sizeable loss. If costs stayed at £102M then we'd make a £27M loss and be in breach of FFP. Assuming we don't go up, revenue will reduce again next season, the season after and the season after that so we'd quickly be in Bolton territory. You may say that it's impossible for costs to be so high when we haven't paid hefty fees this summer. However, for accounting purposes, transfers are recorded over the duration of a players contract (so if you sign someone for £20M on a 4 year deal, then it's accounted as £5M per year for 4 years), so we are still paying transfer fees from our 2 PL seasons. This also works the same with income for players sold. Yes we've cut our wage bill, but probably not by enough to offset a £50M+ reduction in revenue. We'd have to reduce costs by 25-30% to break even this season - even more if we wanted to free up money for a summer spending spree. So, whilst we may have as much as £75M revenue to play with this season - it's very plausible that the majority of that (or even more than that) is tied up in wages, paying off previous transfer fees and meeting ongoing obligations. Hence, we need to sell players before we can buy. We MAY now be able to buy players using revenue from Smith and Billing - but equally those sales may not have generated enough (we certainly haven't sold as many players as we all expected). In addition to all this, if Deano wants to take back the £50M he's loaned the club over the years, then he'd be perfectly within his rights. However, that would tighten our financial position further. It's impossible to give exact answers without the current financial information. However, it's clear from previous accounts and the rules for parachute payments that we are going to have to be very careful with our financial management, or we could be in real trouble in 2-3 years time. Some of the criticism on this thread is completely ignorant and it's frankly pathetic that people are questioning the integrity of directors, just because they can't understand the basics of a balance sheet. Hodgkinson isn't beyond criticism and he will make mistakes in his tenure, but to accuse him of trousering money when the most recent financial information backs up what he's saying just isn't okay. You're moaning now because of a lack of signings. If we spent millions and it meant the price of your season ticket went up, then you'd moan about that. If we made signings and kept season ticket prices low and went to the wall, then you'd be the first outside the ground calling for the director's heads. The first job of directors is to keep a business running and that's what they're doing. Thanks for clearing that up Phil. Hilarious. I only re-registered to share some freely available financial information. Apparently some posters on here don't even have the decency to do some basic research before they make defamatory remarks. However, for years people couldn't understand why a loss-making club didn't throw all of the Jordan Rhodes money at players, so I clearly expected too much. Hopefully, for his sake, the real Phil doesn't come on here. Imagine buying your boyhood club and having some grown men accuse you of trousering money because they were in a bad mood about losing the first game of the season. Criticism is fine, but some of this thread is libellous. I'll leave you all to it. |
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