Has Dean said he wants all his money back?

[Deleted]

Aug 27, 2019 20:05:15 GMT 1 townatheart said:

Aug 27, 2019 19:59:59 GMT 1 @bluewhiteblackgold said:

www.htafc.com/news/2019/august/mooy-signs-new-deal--joins-brighton-on-loan/

The £50k per week is my pro-rata estimate after reading Kongolo's list of other players further up this thread.

Do you think I'm far off? 

First, apologies as I missed your ? In your post. I really don't know to be honest what his wages are, or how the new contract is structured. Just find if somewhat irritating how some seem to post stuff as fact when they do not know either. But at least you have sense to cover yourself with the question mark.

Haha... no worries. 

I'm not one to pretend I know what's going on at Town, so the question mark was a matter of course in this theoretical discussion we're having. 

Please don't take this the wrong way, but maybe you should read a bit closer and be less prepared to try and pin someone down in an argument? 

I stand by the point that HTAFC are liable for the remainder of Mooy's new contract, and that has a large bearing on the value of the company going forward. Assets, costs and all that. 

[townatheart]

Aug 27, 2019 20:15:41 GMT 1 @bluewhiteblackgold said:

Aug 27, 2019 20:05:15 GMT 1 townatheart said:

First, apologies as I missed your ? In your post. I really don't know to be honest what his wages are, or how the new contract is structured. Just find if somewhat irritating how some seem to post stuff as fact when they do not know either. But at least you have sense to cover yourself with the question mark.

Haha... no worries. 

I'm not one to pretend I know what's going on at Town, so the question mark was a matter of course in this theoretical discussion we're having. 

Please don't take this the wrong way, but maybe you should read a bit closer and be less prepared to try and pin someone down in an argument? 

I stand by the point that HTAFC are liable for the remainder of Mooy's new contract, and that has a large bearing on the value of the company going forward. Assets, costs and all that. 

Point taken, it's an age thing.

Oh, and your avatar is ace, one of my favorite teams from days gone by.

[Headless Chicken]

Aug 24, 2019 21:00:05 GMT 1 andyboothscat said:

Aug 24, 2019 19:09:20 GMT 1 Sugy , Paignton Devon Terrier said:

Income  

Estimated £200 million just for winning the play off final
SKY TV money over two seasons
Sponsorship money
Gate receipts from near full houses
Money recieved for Billing and Smith.
Part parachute payment.
others not mentioned 
= how much did this lot come to
---------------------------------------------
Money spent/wasted on fees wages etc ? = on absolute shite like MOUNIE ,FLO ,BACUNA,MBENZA ,kACHUNGA ETC ETC

One problem here is that your £200m and SKY TV money are in fact one and the same.

This isn't the first time someone on here seemed to think we won £200m for the play-off final itself and all the TV money came on top of this.

How many other people think this and what else are they also not grasping?

How many people are ranting, when it's at least to some degree down to their naivity or lack of understanding?

Don't get me wrong, I still understand the question being asked in principle, just some people are so off the mark with their facts and figures.

[Wagner Uber Alles]

Aug 27, 2019 20:26:56 GMT 1 Headless Chicken said:

Aug 24, 2019 21:00:05 GMT 1 andyboothscat said:

One problem here is that your £200m and SKY TV money are in fact one and the same.

This isn't the first time someone on here seemed to think we won £200m for the play-off final itself and all the TV money came on top of this.

How many other people think this and what else are they also not grasping?

How many people are ranting, when it's at least to some degree down to their naivity or lack of understanding?

Don't get me wrong, I still understand the question being asked in principle, just some people are so off the mark with their facts and figures.

Too right. Some fans accuse Phil of being Clueless, but they need to look in the mirror.

[Deleted]

Aug 24, 2019 21:00:05 GMT 1 andyboothscat said:

Aug 24, 2019 19:09:20 GMT 1 Sugy , Paignton Devon Terrier said:

Income  

Estimated £200 million just for winning the play off final
SKY TV money over two seasons
Sponsorship money
Gate receipts from near full houses
Money recieved for Billing and Smith.
Part parachute payment.
others not mentioned 
= how much did this lot come to
---------------------------------------------
Money spent/wasted on fees wages etc ? = on absolute shite like MOUNIE ,FLO ,BACUNA,MBENZA ,kACHUNGA ETC ETC

One problem here is that your £200m and SKY TV money are in fact one and the same.

I've given up trying to correct the folk who seem to think "the £200m game" refers to some kind of prize fund awarded for winning the final!

It's not exactly complicated is it?! 🤷‍♂️🤣

[Deleted]

Aug 27, 2019 20:40:03 GMT 1 @bacunafrittata said:

Aug 24, 2019 21:00:05 GMT 1 andyboothscat said:

One problem here is that your £200m and SKY TV money are in fact one and the same.

I've given up trying to correct the folk who seem to think "the £200m game" refers to some kind of prize fund awarded for winning the final!

It's not exactly complicated is it?! 🤷‍♂️🤣

Winning the championship playoff final nets you nearly three times as much as you get for winning the Champions League final.... apparently.

[Captainslapper]

End of the day, whilst getting to the prem gets you a shed load of money, actually playing in the prem costs you a shed load too.
And theres so many costs people don;t seem to be taking into account.
Signing on fees, contracts being paid up, bonuses, TAX and VAT, stadium work, agents fees.. it goes on and on.

Think we're all guilty to some degree of thinking the parachute money is some kind of bonus we can spend on fancy players to try and get us back up, but thats not what its supposed to be for.
Its to be able to still pay the huge salaries that your players now get ( even after a relegation clause has lowered them ) once youve dropped off the prem gravy train and in our case it seems thats what we're going to have to spend it on.

[Deleted]

One thing to consider is what was our wage bill in the Championship 3 seasons ago and what is it now?

I would guess it’s 3x today what it was then and that’s where a lot of the Premiership money goes. We don’t have the income we had the last two years, not even close, so a significant portion of that parachute money is covering that shortfall.

[ritchie]

Aug 27, 2019 23:51:45 GMT 1 @mij7997 said:

One thing to consider is what was our wage bill in the Championship 3 seasons ago and what is it now?

I would guess it’s 3x today what it was then and that’s where a lot of the Premiership money goes. We don’t have the income we had the last two years, not even close, so a significant portion of that parachute money is covering that shortfall.

Another thing to consider is we wernt selling players for 10s of millions

these arguments about us not spending because of running costs somewhat fall apart when the message from the chairman was we dont need to sell etc...... it suggested the running costs were covered and any fees recieved from outgoings would put us in a position of strength to shape a new squad. From that, most people wouldnt have dreamt we would sell our 2 best fullbacks for 5m, replace neither of them and spend a fifth of that on the entirety of our recruitment.... this is why questions are being asked

I think had the message been that we need to sell off players to balance the books the majority of town fans would have been understanding. As they were under hoyle when we had to sell to balance the books - difference was hoyle would invest part of that in a suitable quality replacement. fans happy, accountant happy

[Deleted]

Aug 28, 2019 0:50:25 GMT 1 ritchie said:

Aug 27, 2019 23:51:45 GMT 1 @mij7997 said:

One thing to consider is what was our wage bill in the Championship 3 seasons ago and what is it now?

I would guess it’s 3x today what it was then and that’s where a lot of the Premiership money goes. We don’t have the income we had the last two years, not even close, so a significant portion of that parachute money is covering that shortfall.

Another thing to consider is we wernt selling players for 10s of millions

these arguments about us not spending because of running costs somewhat fall apart when the message from the chairman was we dont need to sell etc...... it suggested the running costs were covered and any fees recieved from outgoings would put us in a position of strength to shape a new squad. From that, most people wouldnt have dreamt we would sell our 2 best fullbacks for 5m, replace neither of them and spend a fifth of that on the entirety of our recruitment.... this is why questions are being asked

I think had the message been that we need to sell off players to balance the books the majority of town fans would have been understanding. As they were under hoyle when we had to sell to balance the books - difference was hoyle would invest part of that in a suitable quality replacement. fans happy, accountant happy

I agree new sales should be available for signings based on what we have been told but a lot of people seem to think the parachute money is also there for spending on signings and I am just pointing out it’s not.

Hoyle said contracts were all structured taking into consideration that we could get relegated. I take that to mean money was set aside from current payments and future payments to satisfy the contracts and that just as importantly contracts were set so they would ask expire when the parachute payments do.

I do think new sales should mean money is available and I am as pissed off as anyone we did not sign a left back.

[digs]

Aug 27, 2019 23:51:45 GMT 1 @mij7997 said:

One thing to consider is what was our wage bill in the Championship 3 seasons ago and what is it now?

I would guess it’s 3x today what it was then and that’s where a lot of the Premiership money goes. We don’t have the income we had the last two years, not even close, so a significant portion of that parachute money is covering that shortfall.

PH said we have double the budget to what we had last time we were in the championship

[aideybabes]

Aug 28, 2019 7:54:05 GMT 1 digs said:

Aug 27, 2019 23:51:45 GMT 1 @mij7997 said:

One thing to consider is what was our wage bill in the Championship 3 seasons ago and what is it now?

I would guess it’s 3x today what it was then and that’s where a lot of the Premiership money goes. We don’t have the income we had the last two years, not even close, so a significant portion of that parachute money is covering that shortfall.

PH said we have double the budget to what we had last time we were in the championship

Get the cheque book out then Potless Phil, or would it bounce sky high?

[ram]

So,it has been said many times on this board,that the parachute payments are to cover the large wages of the players after relegation.It cannot then,be used to finance the purchase of the club from Dean Hoyle,opr for that matter,be used to repay his loans.Is this correct?

[Deleted]

Aug 28, 2019 10:57:47 GMT 1 ram said:

So,it has been said many times on this board,that the parachute payments are to cover the large wages of the players after relegation.It cannot then,be used to finance the purchase of the club from Dean Hoyle,opr for that matter,be used to repay his loans.Is this correct?

The truth is no one knows how the takeover is being funded but I would say that yes the parachute payments, or at least most of them are going to be covering wages and other budget shortfalls.  Now that we have offloaded some heavy wage earners that could free up some of them going forward.

All these rumors of them being used to purchase the club from Dean are just rumors.

It has been said that there were 40% cuts in salaries when we got relegated taking us from a 60 million wage bill to a 24 million wage bill.  That does not account for anyone that left so the wage bill is probably down to about 20 million.  The issue being that is still at least double our wage bill the last time we were in the Championship (not including the promotion bonuses it is probably more like 2.5 times).  Back then Dean was pumping in 5 million a year to keep us afloat.  On a very basic level if Dean had to pump in 5 million when the wage bill was lets say 10 million, then with a 20 million wage bill you would have at least a 15 million budget gap.  On top of that we are probably paying some transfer fees from our Premier League signings.  

I do think that at the very least money raised from new signings should be available for transfers and that is where my frustration lies.  We sold up to 20 million in players and spent very little.  Hopefully that means we have a war chest for the future manager to use albeit they will have to wait until at least January to bring in anyone of value.

[Deleted]

Aug 28, 2019 11:17:36 GMT 1 @mij7997 said:

Aug 28, 2019 10:57:47 GMT 1 ram said:

So,it has been said many times on this board,that the parachute payments are to cover the large wages of the players after relegation.It cannot then,be used to finance the purchase of the club from Dean Hoyle,opr for that matter,be used to repay his loans.Is this correct?

The truth is no one knows how the takeover is being funded but I would say that yes the parachute payments, or at least most of them are going to be covering wages and other budget shortfalls.  Now that we have offloaded some heavy wage earners that could free up some of them going forward.

All these rumors of them being used to purchase the club from Dean are just rumors.

It has been said that there were 40% cuts in salaries when we got relegated taking us from a 60 million wage bill to a 24 million wage bill.  That does not account for anyone that left so the wage bill is probably down to about 20 million.  The issue being that is still at least double our wage bill the last time we were in the Championship (not including the promotion bonuses it is probably more like 2.5 times).  Back then Dean was pumping in 5 million a year to keep us afloat.  On a very basic level if Dean had to pump in 5 million when the wage bill was lets say 10 million, then with a 20 million wage bill you would have at least a 15 million budget gap.  On top of that we are probably paying some transfer fees from our Premier League signings.  

I do think that at the very least money raised from new signings should be available for transfers and that is where my frustration lies.  We sold up to 20 million in players and spent very little.  Hopefully that means we have a war chest for the future manager to use albeit they will have to wait until at least January to bring in anyone of value.

Er to a wage bill of £36 million.... no wonder some people think there's millions freely available for big money signings..... 

[Million Dollar Babies]

Aug 28, 2019 11:17:36 GMT 1 @mij7997 said:

Aug 28, 2019 10:57:47 GMT 1 ram said:

So,it has been said many times on this board,that the parachute payments are to cover the large wages of the players after relegation.It cannot then,be used to finance the purchase of the club from Dean Hoyle,opr for that matter,be used to repay his loans.Is this correct?

The truth is no one knows how the takeover is being funded but I would say that yes the parachute payments, or at least most of them are going to be covering wages and other budget shortfalls.  Now that we have offloaded some heavy wage earners that could free up some of them going forward.

All these rumors of them being used to purchase the club from Dean are just rumors.

It has been said that there were 40% cuts in salaries when we got relegated taking us from a 60 million wage bill to a 24 million wage bill.  That does not account for anyone that left so the wage bill is probably down to about 20 million.  The issue being that is still at least double our wage bill the last time we were in the Championship (not including the promotion bonuses it is probably more like 2.5 times).  Back then Dean was pumping in 5 million a year to keep us afloat.  On a very basic level if Dean had to pump in 5 million when the wage bill was lets say 10 million, then with a 20 million wage bill you would have at least a 15 million budget gap.  On top of that we are probably paying some transfer fees from our Premier League signings.  

I do think that at the very least money raised from new signings should be available for transfers and that is where my frustration lies.  We sold up to 20 million in players and spent very little.  Hopefully that means we have a war chest for the future manager to use albeit they will have to wait until at least January to bring in anyone of value.

If we're paying for Premier League signings in instalments, there will still be the Premier League money sat in an account somewhere to cover it

When PH says we spent 50 million on players last season, he actually means we're committed to paying that over the length of their contracts. It didn't all get paid upfront

[dugnet]

This question is raised and it highlights the current problem we face as Town fans;

Where as in the past we were more or less aware of where we stood financially i.e. we knew we had a low budget and without DH's investment we would be struggling. We also knew that selling assets e.g. Rhodes, Clayton, Smithies, Butterfield was part of our model. It was entirely clear and transparent.

DH has said he "didn't expect to get his investment back". He never said he wouldn't take it back if he was able.

Currently we have people doing estimates of what money should still be available from the Premier league. These estimates cannot be accurate without understanding the deal in which DH agreed to transfer majority share to PH. It is entirely out of keeping with what has gone before during the DH era. PH simply stating "the Premier League money is gone/accounted for" has not at all helped.

I can accept DH has made a recovery, no issue at all, but would rather it was clear (it will be when accounts are released) that something has changed.

PH can then clearly, and honestly, set expectations of what we should expect from our direction and ambition, being clear about the level of relative budget we have (in comparison to when we were last in the Championship). This isn't controversial, some may grumble and/or challenge but at least we would know where we stand.

We are currently in limbo land and the mood isn't being helped by the fact things on the pitch are as bad in this league as they were in the last (in terms of results at least). This is all creating a perfect storm which needs acknowledging and addressing.

DW said on a number of occasions "Huddersfield Town fans are intelligent, they understand what we are trying to do". This was true for what we can see on the pitch and it is true for what happens off the pitch too. I would implore PH to cut out the waffle (no matter how positive it maybe) and tell us straight where we are. Things can't be much worse, relative to how good they were a few months ago, so give us a straight tale and let's get on with it.

[Mastercracker]

Aug 28, 2019 13:41:58 GMT 1 dugnet said:

This question is raised and it highlights the current problem we face as Town fans;

Where as in the past we were more or less aware of where we stood financially i.e. we knew we had a low budget and without DH's investment we would be struggling. We also knew that selling assets e.g. Rhodes, Clayton, Smithies, Butterfield was part of our model. It was entirely clear and transparent.

DH has said he "didn't expect to get his investment back". He never said he wouldn't take it back if he was able.

Currently we have people doing estimates of what money should still be available from the Premier league. These estimates cannot be accurate without understanding the deal in which DH agreed to transfer majority share to PH. It is entirely out of keeping with what has gone before during the DH era. PH simply stating "the Premier League money is gone/accounted for" has not at all helped.

I can accept DH has made a recovery, no issue at all, but would rather it was clear (it will be when accounts are released) that something has changed.

PH can then clearly, and honestly, set expectations of what we should expect from our direction and ambition, being clear about the level of relative budget we have (in comparison to when we were last in the Championship). This isn't controversial, some may grumble and/or challenge but at least we would know where we stand.

We are currently in limbo land and the mood isn't being helped by the fact things on the pitch are as bad in this league as they were in the last (in terms of results at least). This is all creating a perfect storm which needs acknowledging and addressing.

DW said on a number of occasions "Huddersfield Town fans are intelligent, they understand what we are trying to do". This was true for what we can see on the pitch and it is true for what happens off the pitch too. I would implore PH to cut out the waffle (no matter how positive it maybe) and tell us straight where we are. Things can't be much worse, relative to how good they were a few months ago, so give us a straight tale and let's get on with it.

Would you accept this if it became clear he has gained all his money back via parachute money/player sales? Which would obviously massively hamper HTFC moving forward.


If (not that you've said this) was the case, is it then fair that PH gets slated left right and centre, whilst DH remains a silent hero?

[teddytheterrier]

It's criminal that mbenza and diakhaby will both be on 30k a week each. Draining the club of precious resources.

[joeyjoneslocker]

Aug 28, 2019 14:14:21 GMT 1 teddytheterrier said:

It's criminal that mbenza and diakhaby will both be on 30k a week each. Draining the club of precious resources.

That isn’t their fault though is it.
Any blame lies solely with the board.
They can be blamed for performances but not for salary.

[Frankiesleftpeg]

Aug 28, 2019 10:57:47 GMT 1 ram said:

So,it has been said many times on this board,that the parachute payments are to cover the large wages of the players after relegation.It cannot then,be used to finance the purchase of the club from Dean Hoyle,opr for that matter,be used to repay his loans.Is this correct?

I can't believe for a minute that the parachute payments are being used for the purchase of the club, otherwise he could have sold it me, the tea lady or anybody else that wouldn't have needed a pot to piss in. My guess is that PH has agreed to pay a sum from his own pocket for his 75% share with option buying the rest when he's saved up some more pocket money or at a time when the loans have been re-paid. I'm guessing that they've also agreed that DH will recoup his loans from the club over a given number of years and not all in one go. As I recall the accounts ending June 2018 showed a re-payment to DH of approx. £7m.

DH is fan with the best interests of the club at heart and whilst he may want his loans back, I can't imagine he'll put the future success of the club in jeopardy by demanding it all at once.

[dugnet]

Aug 28, 2019 14:06:18 GMT 1 Mastercracker said:

Aug 28, 2019 13:41:58 GMT 1 dugnet said:

This question is raised and it highlights the current problem we face as Town fans;

Where as in the past we were more or less aware of where we stood financially i.e. we knew we had a low budget and without DH's investment we would be struggling. We also knew that selling assets e.g. Rhodes, Clayton, Smithies, Butterfield was part of our model. It was entirely clear and transparent.

DH has said he "didn't expect to get his investment back". He never said he wouldn't take it back if he was able.

Currently we have people doing estimates of what money should still be available from the Premier league. These estimates cannot be accurate without understanding the deal in which DH agreed to transfer majority share to PH. It is entirely out of keeping with what has gone before during the DH era. PH simply stating "the Premier League money is gone/accounted for" has not at all helped.

I can accept DH has made a recovery, no issue at all, but would rather it was clear (it will be when accounts are released) that something has changed.

PH can then clearly, and honestly, set expectations of what we should expect from our direction and ambition, being clear about the level of relative budget we have (in comparison to when we were last in the Championship). This isn't controversial, some may grumble and/or challenge but at least we would know where we stand.

We are currently in limbo land and the mood isn't being helped by the fact things on the pitch are as bad in this league as they were in the last (in terms of results at least). This is all creating a perfect storm which needs acknowledging and addressing.

DW said on a number of occasions "Huddersfield Town fans are intelligent, they understand what we are trying to do". This was true for what we can see on the pitch and it is true for what happens off the pitch too. I would implore PH to cut out the waffle (no matter how positive it maybe) and tell us straight where we are. Things can't be much worse, relative to how good they were a few months ago, so give us a straight tale and let's get on with it.

Would you accept this if it became clear he has gained all his money back via parachute money/player sales? Which would obviously massively hamper HTFC moving forward.


If (not that you've said this) was the case, is it then fair that PH gets slated left right and centre, whilst DH remains a silent hero?

I would be entirely happy if I knew. In ideal world, if it was the case he has taken back his loans. You'd hope DH would not cash them in as Town will be disadvantaged but to be fair it is his money and we wouldn't have had the last 10 years without it. I wouldn't feel any less of him if I knew that is what had happened.

The fact is we don't know and we are surmising what has happened.

My issue with PH is that he talks in riddles (3 transfer windows of transition - to what? - We won't be appointing a cheque book manager??) and seems to think we are all a bit thick. He know's what he's walked into and taken on. He can tell us in straight language what to expect. I would add his assessment of Siewert and pre-season looks a bit silly now too.

[artysid]

Aug 28, 2019 10:57:47 GMT 1 ram said:

So,it has been said many times on this board,that the parachute payments are to cover the large wages of the players after relegation.It cannot then,be used to finance the purchase of the club from Dean Hoyle,opr for that matter,be used to repay his loans.Is this correct?

The intention behind parachute payments is to help Club's relegated pay the higher wages players are probably getting. But the money is not ringfenced as such and the owners of a Club can presumsably spend them on whatever they wish.

Unless I'm wrong Dean hasn't said he wants his money back either immediately or in installments, but I'm not sure he's said he doesn't want it back either.

[ram]

Did the original chap owning Bolton write off loans totaling many millions more than DH is owed by Town? Look at the state they are in despite that.{Not Garside,I think,I cannot remember the chaps name}

[Chips Longhorn]

Aug 29, 2019 10:00:35 GMT 1 ram said:

Did the original chap owning Bolton write off loans totaling many millions more than DH is owed by Town? Look at the state they are in despite that.{Not Garside,I think,I cannot remember the chaps name}

Yup. Eddie Davies .. wrote off millions

[rastrick32]

Aug 29, 2019 10:03:20 GMT 1 Chips Longhorn said:

Aug 29, 2019 10:00:35 GMT 1 ram said:

Did the original chap owning Bolton write off loans totaling many millions more than DH is owed by Town? Look at the state they are in despite that.{Not Garside,I think,I cannot remember the chaps name}

Yup. Eddie Davies .. wrote off millions

£170m was quoted somewhere. It just shows what a basket case Bolton are.

[Deleted]

Aug 28, 2019 11:17:36 GMT 1 @mij7997 said:

Aug 28, 2019 10:57:47 GMT 1 ram said:

So,it has been said many times on this board,that the parachute payments are to cover the large wages of the players after relegation.It cannot then,be used to finance the purchase of the club from Dean Hoyle,opr for that matter,be used to repay his loans.Is this correct?

The truth is no one knows how the takeover is being funded but I would say that yes the parachute payments, or at least most of them are going to be covering wages and other budget shortfalls.  Now that we have offloaded some heavy wage earners that could free up some of them going forward.

All these rumors of them being used to purchase the club from Dean are just rumors.

It has been said that there were 40% cuts in salaries when we got relegated taking us from a 60 million wage bill to a 24 million wage bill.  That does not account for anyone that left so the wage bill is probably down to about 20 million.  The issue being that is still at least double our wage bill the last time we were in the Championship (not including the promotion bonuses it is probably more like 2.5 times).  Back then Dean was pumping in 5 million a year to keep us afloat.  On a very basic level if Dean had to pump in 5 million when the wage bill was lets say 10 million, then with a 20 million wage bill you would have at least a 15 million budget gap.  On top of that we are probably paying some transfer fees from our Premier League signings.  

I do think that at the very least money raised from new signings should be available for transfers and that is where my frustration lies.  We sold up to 20 million in players and spent very little.  Hopefully that means we have a war chest for the future manager to use albeit they will have to wait until at least January to bring in anyone of value.

Our wage budget is 20m? That means we have around 20 players on 1m a year/20k a week!!!!
Our squad is small and wage budget as a whole is nowhere near that
Koroma / Reece Brown will be on small wages as will Jayden Brown etc
GK and CM are loans
Schindler etc will have wage cuts after being relagated
Majority of our EPL players have left us except Flo, Pritchard, Mounie

[Mecha Corte]

Aug 29, 2019 10:09:59 GMT 1 rastrick32 said:

Aug 29, 2019 10:03:20 GMT 1 Chips Longhorn said:

Yup. Eddie Davies .. wrote off millions

£170m was quoted somewhere. It just shows what a basket case Bolton are.

I seem to remember they were well in excess of £200M in debt when he left but not sure if that was all owed to him or "just" the £170M he waived.

Strange thing is hardly anyone outside of Horwich has heard of him, but fans the length and bredth of the country still hold up Blackburn's Jack Walker as the ideal owner, probably didn't put as much money in bearing in mind Alan Shearer was "only" £3.6M (fk me, that's how much we paid for LDP !!!) but of course he did win the title.

[Frankiesleftpeg]

Aug 29, 2019 10:24:16 GMT 1 Mecha Corte said:

Aug 29, 2019 10:09:59 GMT 1 rastrick32 said:

£170m was quoted somewhere. It just shows what a basket case Bolton are.

I seem to remember they were well in excess of £200M in debt when he left but not sure if that was all owed to him or "just" the £170M he waived.

Strange thing is hardly anyone outside of Horwich has heard of him, but fans the length and bredth of the country still hold up Blackburn's Jack Walker as the ideal owner, probably didn't put as much money in bearing in mind Alan Shearer was "only" £3.6M (fk me, that's how much we paid for LDP !!!) but of course he did win the title.

Jack Walker stood out head and shoulders above anybody else in football at the time and he was the first of the really big spenders. He made his fortune from Walkersteel in Blackburn which he sold to British Steel PLC for £330m in 1989.

Not sure where Bolton born (died 2018) Eddie Davis made his money from but a mate of mine who is a Bolton fan said he sold the club in 2016 as he'd had enough of ploughing endless amounts of money into the club.

[Deleted]

Aug 29, 2019 10:13:56 GMT 1 @yogi said:

Aug 28, 2019 11:17:36 GMT 1 @mij7997 said:

The truth is no one knows how the takeover is being funded but I would say that yes the parachute payments, or at least most of them are going to be covering wages and other budget shortfalls.  Now that we have offloaded some heavy wage earners that could free up some of them going forward.

All these rumors of them being used to purchase the club from Dean are just rumors.

It has been said that there were 40% cuts in salaries when we got relegated taking us from a 60 million wage bill to a 24 million wage bill.  That does not account for anyone that left so the wage bill is probably down to about 20 million.  The issue being that is still at least double our wage bill the last time we were in the Championship (not including the promotion bonuses it is probably more like 2.5 times).  Back then Dean was pumping in 5 million a year to keep us afloat.  On a very basic level if Dean had to pump in 5 million when the wage bill was lets say 10 million, then with a 20 million wage bill you would have at least a 15 million budget gap.  On top of that we are probably paying some transfer fees from our Premier League signings.  

I do think that at the very least money raised from new signings should be available for transfers and that is where my frustration lies.  We sold up to 20 million in players and spent very little.  Hopefully that means we have a war chest for the future manager to use albeit they will have to wait until at least January to bring in anyone of value.

Our wage budget is 20m? That means we have around 20 players on 1m a year/20k a week!!!!
Our squad is small and wage budget as a whole is nowhere near that
Koroma / Reece Brown will be on small wages as will Jayden Brown etc
GK and CM are loans
Schindler etc will have wage cuts after being relagated
Majority of our EPL players have left us except Flo, Pritchard, Mounie

I dont know what our wage bill is but it was supposedly 60 million in the Premier League, and if everyone was still here and got a 40% drop it would be in the 36 million range (my original calculation was wrong as I calculated it on 40% of the Premier League wages not a 40% reduction).

There would still be a further reduction from that 36 million as some people have left but assuming the 60 million figure is correct and the 40% reduction is correct, even with people leaving we would still have a wage bill somewhere between 20 million and 25 million at best. 
Scary yes but that is exactly what the parachute payments are for.  Without them we would be totally screwed.