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Post by I have a box full of hats on Jan 29, 2020 11:52:53 GMT 1
No wonder we're skint. I dread to think just how much money we've squandered away on mango flavoured fizzy coconut water. Not sure if you are saying this tongue in cheek. But the Mango company pay us, or were meant to. We haven't been paid which is why we issued a winding up order |
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Post by artysid on Jan 29, 2020 12:55:13 GMT 1
No wonder we're skint. I dread to think just how much money we've squandered away on mango flavoured fizzy coconut water. Not sure if you are saying this tongue in cheek. But the Mango company pay us, or were meant to. We haven't been paid which is why we issued a winding up order I never joke about mango flavoured fizzy coconut water. |
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Post by Convictatthemac on Jan 30, 2020 8:39:57 GMT 1
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Post by rothwellterrier on Jan 30, 2020 9:07:25 GMT 1
Not necessarily "out of his pocket", it could be out of the club's annual budget. If the stated aim of the club is to be self financing that kind of implies that Phil doesn't want to do what Dean did in the championship and pump millions in per season. |
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Post by Convictatthemac on Jan 30, 2020 9:27:35 GMT 1
Not necessarily "out of his pocket", it could be out of the club's annual budget. If the stated aim of the club is to be self financing that kind of implies that Phil doesn't want to do what Dean did in the championship and pump millions in per season. The point I was trying to make, admittedly badly, is that the club with Phil at the helm are spending money where they see it fit. |
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Post by Headless Chicken on Jan 30, 2020 9:53:10 GMT 1
Going to be well worth it I reckon, especially when you consider the money in football.
Even if they hit a ceiling on the football management and coaching side, I reckon their maticulous, academic and methodical approach will drive a lot of much needed changes across the full club.
Hopefully well complimented by Webb's experience too, at Spurs in particular.
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Post by HuddsTerrier on Jan 30, 2020 12:24:44 GMT 1
Shrewd investment
You only need to look at Leeds to see the impact Biesela had on a side which finished 13th the year before he arrived
Getting the wrong manager can cost a lot more than £1m in terms of bad signings (wages and fees) and severance pay
No guarantees the Cowley's will work out - there never is with anything - but everything to date suggests these Town will be good appointments for the club
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Post by jqhtfc on Jan 30, 2020 22:07:13 GMT 1
Interesting tweet from Kieron maguire @priceoffootball on twitter who looks at all football finances looking at the town figures says Phil paid little to Hoyle but looks like parachute payments are being used to pay off his loan as expected I’d imagine
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Maynardblue
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Post by Maynardblue on Jan 30, 2020 22:27:14 GMT 1
Interesting tweet from Kieron maguire @priceoffootball on twitter who looks at all football finances looking at the town figures says Phil paid little to Hoyle but looks like parachute payments are being used to pay off his loan as expected I’d imagine Is this new information? Phil paid 'several million' for the club. Dean was always calling in his debt now the club had the income to cover it. Nothing new here that hasn't already been chewed over for last 6 months |
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Post by htfcfcfc on Jan 30, 2020 22:47:03 GMT 1
Interesting tweet from Kieron maguire @priceoffootball on twitter who looks at all football finances looking at the town figures says Phil paid little to Hoyle but looks like parachute payments are being used to pay off his loan as expected I’d imagine Is this new information? Phil paid 'several million' for the club. Dean was always calling in his debt now the club had the income to cover it. Nothing new here that hasn't already been chewed over for last 6 months Not really but also not what I’d consider a substantial amount for a football club just out of the Premier League. |
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Post by Deleted on Jan 30, 2020 23:00:41 GMT 1
I don’t think you can blame the fans for being slightly disappointed over the sale of the club. You would have hoped if deano wanted to sell he could have got say 20-30 million for the club in the premier league leaving us with less to pay out of our parachute payments.
I don’t blame deano for taking his money back but do wish he would have sold to someone with the potential to take us further than he did, I’m not privy to Phil’s finances but it appears he is more likely to see us tread water in championship/league1 than have another go at the premier league.
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k1man999
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Post by k1man999 on Jan 30, 2020 23:25:52 GMT 1
It's done now nowt we can do.
The cowleys appear to have been backed so far by phill/the club.
As has been stated by the cowleys and as we all know the club have made massive mistakes over last 18 months it's gonna take time but the club are re structuring.
The telling time will be the summer but it's not about spending millions for the sake of it it's getting the right players in like wagner did.
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Post by thomo on Jan 30, 2020 23:49:48 GMT 1
Interesting tweet from Kieron maguire @priceoffootball on twitter who looks at all football finances looking at the town figures says Phil paid little to Hoyle but looks like parachute payments are being used to pay off his loan as expected I’d imagine Is this new information? Phil paid 'several million' for the club. Dean was always calling in his debt now the club had the income to cover it. Nothing new here that hasn't already been chewed over for last 6 months At the same time Phil said he had the money to take us forward. So still waiting for that to materialise. Just clinging on to the hope we are genuinely keeping our powder dry for the summer. I hope the all those transfer fees received in the last 6 months plus surplus parachute payments can be put to good use to leverage an advantage over championship teams who have not got the benefit of the premier league parachutes. Dean used to talk about the premier league bringing about a step change to the club. There’s no evidence of that this season so far either. Could next season be the best chance we have of getting back to the prem? With continued parachute income we won’t need to worry about FFP but in subsequent seasons FFP could stop us progressing. Recall how Dean used to talk about how we couldn’t compete with the teams that dropped out of the prem. That should be us now |
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Post by Deleted on Jan 31, 2020 0:02:21 GMT 1
It’s clear we have a 2 stage strategy:
1 - cobble together what is needed to stay up this season whilst cutting the wage bill and offloading players where we’re able (Simpson, King, Campbell)
2 - develop a longer term strategy and identify targets for the summer who can take the club forward and become the core of the team for the next 2-3 years (Toffolo became available, Grant has been kept etc)
I’m sure we’re currently only seeing the fruition of a fraction of the work going on behind the scenes whilst our war chest is being kept for the summer. Let’s face it, it makes no odds if we finish 10th or 20th this season. I’m confident that next season will bring investment, a full ground (due to season card prices) and a return to some genuine excitement.
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Post by Baby-face Frankenstein on Jan 31, 2020 1:59:42 GMT 1
It’s clear we have a 2 stage strategy: 1 - cobble together what is needed to stay up this season whilst cutting the wage bill and offloading players where we’re able (Simpson, King, Campbell) 2 - develop a longer term strategy and identify targets for the summer who can take the club forward and become the core of the team for the next 2-3 years (Toffolo became available, Grant has been kept etc) I’m sure we’re currently only seeing the fruition of a fraction of the work going on behind the scenes whilst our war chest is being kept for the summer. Let’s face it, it makes no odds if we finish 10th or 20th this season. I’m confident that next season will bring investment, a full ground (due to season card prices) and a return to some genuine excitement. Agree, although a "return to genuine excitement" can never be guaranteed as begotten. |
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Post by Headless Chicken on Jan 31, 2020 10:08:44 GMT 1
Is this new information? Phil paid 'several million' for the club. Dean was always calling in his debt now the club had the income to cover it. Nothing new here that hasn't already been chewed over for last 6 months At the same time Phil said he had the money to take us forward. So still waiting for that to materialise. Just clinging on to the hope we are genuinely keeping our powder dry for the summer. I hope the all those transfer fees received in the last 6 months plus surplus parachute payments can be put to good use to leverage an advantage over championship teams who have not got the benefit of the premier league parachutes. Dean used to talk about the premier league bringing about a step change to the club. There’s no evidence of that this season so far either. Could next season be the best chance we have of getting back to the prem? With continued parachute income we won’t need to worry about FFP but in subsequent seasons FFP could stop us progressing. Recall how Dean used to talk about how we couldn’t compete with the teams that dropped out of the prem. That should be us now I've been very surprised by the lack of transfer fees we've paid and somewhat disappointed too, but DH said that when we were not far off the equivalent of Barnsley and Luton. They won't generally be able to compete with us now, whilst a number of others have money from other means (wealthy owners, larger attendances at higher prices) so it's not as hypocritical as it first sounds. We're in a better place, just not as good as we all expected and hoped. |
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Post by tockyterrier on Jan 31, 2020 10:56:54 GMT 1
Is this new information? Phil paid 'several million' for the club. Dean was always calling in his debt now the club had the income to cover it. Nothing new here that hasn't already been chewed over for last 6 months Not really but also not what I’d consider a substantial amount for a football club just out of the Premier League. How much would you pay to buy a £50m debt? Why does it matter how much he paid. Whatever he paid to DH is money that cant be spent on players anyway. |
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Post by Farsley Terrier (UK product) on Jan 31, 2020 11:11:53 GMT 1
At the same time Phil said he had the money to take us forward. So still waiting for that to materialise. Just clinging on to the hope we are genuinely keeping our powder dry for the summer. I hope the all those transfer fees received in the last 6 months plus surplus parachute payments can be put to good use to leverage an advantage over championship teams who have not got the benefit of the premier league parachutes. Dean used to talk about the premier league bringing about a step change to the club. There’s no evidence of that this season so far either. Could next season be the best chance we have of getting back to the prem? With continued parachute income we won’t need to worry about FFP but in subsequent seasons FFP could stop us progressing. Recall how Dean used to talk about how we couldn’t compete with the teams that dropped out of the prem. That should be us now I've been very surprised by the lack of transfer fees we've paid and somewhat disappointed too, but DH said that when we were not far off the equivalent of Barnsley and Luton. They won't generally be able to compete with us now, whilst a number of others have money from other means (wealthy owners, larger attendances at higher prices) so it's not as hypocritical as it first sounds. We're in a better place, just not as good as we all expected and hoped.if only Dean had sold to the yanks...... |
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Post by fightinthedog on Jan 31, 2020 18:06:21 GMT 1
I think some of the contributors here are in danger of missing the point. It is no longer just about how deep the pockets of the owner are! The Football League’s FFP regulations are designed to level the playing field to some degree and to prevent billionaires ruining the clubs balance sheet and compromising its sustainability. So if we want to avoid the prospect of a points deduction (or worse – the league has many sanctions available) we have to stick to the rules. It doesn’t matter how rich Phil is or is not, how much he invests or does not. Simply put we can’t lose more than £39m in any 3 year period or we join the likes of Birmingham in sweating on a potential 13 point deduction and possible relegation. We don’t have the Sheff Wed/Derby option of trying to outsmart the rules (maybe failing and also having points deducted) by selling the ground at an inflated valuation. Is this really what we want to see for Town?. Try this link if you want to know more :- www.financialfairplay.co.uk/latest-news/-profit-and-sustainability-ffp-tests-in-championship-2016 |
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Post by htfcfcfc on Jan 31, 2020 19:52:45 GMT 1
Not really but also not what I’d consider a substantial amount for a football club just out of the Premier League. How much would you pay to buy a £50m debt? Why does it matter how much he paid. Whatever he paid to DH is money that cant be spent on players anyway. Probably didn’t explain my point well. We were told last week Phil had paid a substantial amount for the club. I was just surprised that from what I think was the same source it was just several million. You’re right that either way it can’t be spent on players. |
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Post by thrice on Jan 31, 2020 20:32:03 GMT 1
How much would you pay to buy a £50m debt? Why does it matter how much he paid. Whatever he paid to DH is money that cant be spent on players anyway. Probably didn’t explain my point well. We were told last week Phil had paid a substantial amount for the club. I was just surprised that from what I think was the same source it was just several million. You’re right that either way it can’t be spent on players. Several million for a business that has haemorrhaged money for a decade & is £50m in debt is a lot. If that debt (or a great part of it) has been paid off inside a year it is remarkable & leaves us very well set for the future. |
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Post by Deleted on Feb 3, 2020 19:56:35 GMT 1
Most Town fans don’t begrudge DH getting his loans back. What is slightly more difficult to accept is the rate at which he’s supposedly being repaid, to the extent that, from the outside, it looks like it has hamstrung the club. Maybe I’m wrong? Maybe it’s part of a bigger 2-3 year plan? This season’s struggles suggest it’s a dangerous tactic. Stop for a minute and think. If DH does not get his money back out of the parachute payments where would the money come from? Once those payments are gone the club will be operating at a loss again. |
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Post by allan 1958 (OAF-WROY)(SSLFF) on Feb 3, 2020 20:48:40 GMT 1
Most Town fans don’t begrudge DH getting his loans back. What is slightly more difficult to accept is the rate at which he’s supposedly being repaid, to the extent that, from the outside, it looks like it has hamstrung the club. Maybe I’m wrong? Maybe it’s part of a bigger 2-3 year plan? This season’s struggles suggest it’s a dangerous tactic. Stop for a minute and think. If DH does not get his money back out of the parachute payments where would the money come from? Once those payments are gone the club will be operating at a loss again. stop for a minute .......................................................  has it to do with the fans. Wait for the accounts to judge our cubs financial condition |
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Post by Up the Duff. on Feb 4, 2020 10:43:50 GMT 1
It’s got everything to do with the fans... it’s our club and it affects the financial status of our club.
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wigster
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Post by wigster on Feb 4, 2020 16:24:45 GMT 1
It’s got everything to do with the fans... it’s our club and it affects the financial status of our club. Spot on. |
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Post by dewsburyterrier on Feb 4, 2020 16:31:51 GMT 1
DH is entitled to his money back. I do believe, however, that when he authorised the increases in the playing and transfer budget from 2009 onwards that many people thought that it would come out of his own pocket, as he would cover the extra funds needed. If he always intended to take back his loans then maybe it should have been done in 2017/2018/2019 when the PL payments were much higher. DH will always be the best Chairman that we have ever had, but I hope that this situation doesn't change that for some people.
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Post by Gag N Bone Man on Feb 4, 2020 16:37:50 GMT 1
It’s got everything to do with the fans... it’s our club and it affects the financial status of our club. Spot on. Except it's not really "our club" is it? We can't have it both ways... expecting people to invest serious money but not to treat it like a commercial enterprise is naïve in the extreme. You want someone with so much brass that they don't care about ever getting it back no matter what, and let's face it in British football you can count those people in reality on the fingers of one hand. This owner/investor would need a damned site more than Dean's reputed c£300m to be able to write off £50m when the prospect of being repaid is on the table. I have no doubt he would not be calling in his debt (interest free I believe) were the club unable to afford it without risk to the club's future. The notion of it being "our club" is romantic but outdated. |
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Post by Gag N Bone Man on Feb 4, 2020 16:40:14 GMT 1
DH is entitled to his money back. I do believe, however, that when he authorised the increases in the playing and transfer budget from 2009 onwards that many people thought that it would come out of his own pocket, as he would cover the extra funds needed. If he always intended to take back his loans then maybe it should have been done in 2017/2018/2019 when the PL payments were much higher. DH will always be the best Chairman that we have ever had, but I hope that this situation doesn't change that for some people. In reality, long term, swings and roundabouts isn't it? |
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Post by Gag N Bone Man on Feb 4, 2020 16:57:43 GMT 1
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Post by Up the Duff. on Feb 4, 2020 19:08:52 GMT 1
Except it's not really "our club" is it? We can't have it both ways... expecting people to invest serious money but not to treat it like a commercial enterprise is naïve in the extreme. You want someone with so much brass that they don't care about ever getting it back no matter what, and let's face it in British football you can count those people in reality on the fingers of one hand. This owner/investor would need a damned site more than Dean's reputed c£300m to be able to write off £50m when the prospect of being repaid is on the table. I have no doubt he would not be calling in his debt (interest free I believe) were the club unable to afford it without risk to the club's future. The notion of it being "our club" is romantic but dead. The fans will always be there, the investors are temporary custodians. |
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has it to do with the fans. Wait for the accounts to judge our cubs financial condition
