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Post by Mastercracker on Feb 4, 2020 19:54:53 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 The notion of it being "our club" is romantic but outdated. Why? Forgetting the whole argument over whether its right or wrong, why is someone with a reputed £300m (and he wont be worth less than he was in 2009 despite spending £50m on Town), unable to write off another £50m? Especially from the football club he loves. He cant possibly spend his fortune, his kids cant spend it and their kids cant spend it. At least not unless they get into Yachts, Private Airplanes or the worlds best coke and hookers habit. That's before you factor in it will be growing all the time. I am not saying he should have for one minute if he didn't want to but a man of his wealth could have continued to spend £5m PA average on Town for the rest of his life and it would have made zero difference to his or his families quality of life, and he'd still be worth more at the end of it even factoring in inflation. Seems a broad generalisation to me. |
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Post by Rigodon on Feb 4, 2020 20:07:02 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 outdated. Why? Forgetting the whole argument over whether its right or wrong, why is someone with a reputed £300m (and he wont be worth less than he was in 2009 despite spending £50m on Town), unable to write off another £50m? Especially from the football club he loves. He cant possibly spend his fortune, his kids cant spend it and their kids cant spend it. At least not unless they get into Yachts, Private Airplanes or the worlds best coke and hookers habit. That's before you factor in it will be growing all the time. I am not saying he should have for one minute if he didn't want to but a man of his wealth could have continued to spend £5m PA average on Town for the rest of his life and it would have made zero difference to his or his families quality of life, and he'd still be worth more at the end of it even factoring in inflation. Seems a broad generalisation to me. Think you've made a number of far more broad generalisations bud! |
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Post by blueandbrightside on Feb 4, 2020 20:12:41 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 outdated. Why? Forgetting the whole argument over whether its right or wrong, why is someone with a reputed £300m (and he wont be worth less than he was in 2009 despite spending £50m on Town), unable to write off another £50m? Especially from the football club he loves. He cant possibly spend his fortune, his kids cant spend it and their kids cant spend it. At least not unless they get into Yachts, Private Airplanes or the worlds best coke and hookers habit. That's before you factor in it will be growing all the time. I am not saying he should have for one minute if he didn't want to but a man of his wealth could have continued to spend £5m PA average on Town for the rest of his life and it would have made zero difference to his or his families quality of life, and he'd still be worth more at the end of it even factoring in inflation. Seems a broad generalisation to me. Bet he wishes he'd retired years ago if he's wasting time earning money that can't be spent. God knows what the people running the likes of Amazon and Microsoft are playing at! Lets stop everyone on the way into the ground on Saturday and ask for 15% of their wealth to chuck into the club coffers too, that'll see us right. |
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Post by detox on Feb 4, 2020 20:18:01 GMT 1
Mrs Hoyle owns half that £300m, and she made it clear Dean was having non of it for HTAFC...so lets talk about £150m and not £300m when talking about Deans personal wealth....
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Post by Mastercracker on Feb 4, 2020 20:30:56 GMT 1
Why? Forgetting the whole argument over whether its right or wrong, why is someone with a reputed £300m (and he wont be worth less than he was in 2009 despite spending £50m on Town), unable to write off another £50m? Especially from the football club he loves. He cant possibly spend his fortune, his kids cant spend it and their kids cant spend it. At least not unless they get into Yachts, Private Airplanes or the worlds best coke and hookers habit. That's before you factor in it will be growing all the time. I am not saying he should have for one minute if he didn't want to but a man of his wealth could have continued to spend £5m PA average on Town for the rest of his life and it would have made zero difference to his or his families quality of life, and he'd still be worth more at the end of it even factoring in inflation. Seems a broad generalisation to me. Bet he wishes he'd retired years ago if he's wasting time earning money that can't be spent. God knows what the people running the likes of Amazon and Microsoft are playing at! Lets stop everyone on the way into the ground on Saturday and ask for 15% of their wealth to chuck into the club coffers too, that'll see us right. Eh? Do you think Jeff Bezos is running Amazon cos he needs the money and there's a danger it'll ever run out? Or more likely because its his baby and he enjoys it? As usual its black/white and no grey on here. I have said in my post DH shouldn't do anything he doesn't want to do, and if he wants his money back fine crack on, I have said previously that is his right. A sterling job at HTFC was done. But he absolutely doesn't need that money which it seems to me is what was implied. That 15% wont change a thing for him. 15% for others would make a huge difference. |
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Post by Mastercracker on Feb 4, 2020 20:34:41 GMT 1
Why? Forgetting the whole argument over whether its right or wrong, why is someone with a reputed £300m (and he wont be worth less than he was in 2009 despite spending £50m on Town), unable to write off another £50m? Especially from the football club he loves. He cant possibly spend his fortune, his kids cant spend it and their kids cant spend it. At least not unless they get into Yachts, Private Airplanes or the worlds best coke and hookers habit. That's before you factor in it will be growing all the time. I am not saying he should have for one minute if he didn't want to but a man of his wealth could have continued to spend £5m PA average on Town for the rest of his life and it would have made zero difference to his or his families quality of life, and he'd still be worth more at the end of it even factoring in inflation. Seems a broad generalisation to me. Think you've made a number of far more broad generalisations bud! Care to explain which of my generalisations are inaccurate? Cos baring the fall of capitalism and/or a massive market crash I don't see what they are. |
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Post by blueandbrightside on Feb 4, 2020 21:05:57 GMT 1
Bet he wishes he'd retired years ago if he's wasting time earning money that can't be spent. God knows what the people running the likes of Amazon and Microsoft are playing at! Lets stop everyone on the way into the ground on Saturday and ask for 15% of their wealth to chuck into the club coffers too, that'll see us right. Eh? Do you think Jeff Bezos is running Amazon cos he needs the money and there's a danger it'll ever run out? Or more likely because its his baby and he enjoys it? As usual its black/white and no grey on here. I have said in my post DH shouldn't do anything he doesn't want to do, and if he wants his money back fine crack on, I have said previously that is his right. A sterling job at HTFC was done. But he absolutely doesn't need that money which it seems to me is what was implied. That 15% wont change a thing for him. 15% for others would make a huge difference. So I’m being black and white yet you’ve decided who can and can’t afford to chuck money away just like that. Classic, “he’s clearly got money so therefore can afford to give it away”. You’ve no idea about anyone’s position to be randomly telling people what they can and can’t afford. How do you know who “absolutely” does or didn’t need what? He might want to spend it on a different legacy than entertaining us on a Saturday (or not as the case may be with some). My point, and to me it is black and white, no one has he right to tell someone else they can or can’t afford something, especially when they’ve no idea of any details. Yes you said he can do what he wants but the implication is there with the rest of your post that you think he shouldn’t take HIS money back. |
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Post by Mastercracker on Feb 4, 2020 21:17:58 GMT 1
Eh? Do you think Jeff Bezos is running Amazon cos he needs the money and there's a danger it'll ever run out? Or more likely because its his baby and he enjoys it? As usual its black/white and no grey on here. I have said in my post DH shouldn't do anything he doesn't want to do, and if he wants his money back fine crack on, I have said previously that is his right. A sterling job at HTFC was done. But he absolutely doesn't need that money which it seems to me is what was implied. That 15% wont change a thing for him. 15% for others would make a huge difference. So I’m being black and white yet you’ve decided who can and can’t afford to chuck money away just like that. Classic, “he’s clearly got money so therefore can afford to give it away”. You’ve no idea about anyone’s position to be randomly telling people what they can and can’t afford. How do you know who “absolutely” does or didn’t need what? He might want to spend it on a different legacy than entertaining us on a Saturday (or not as the case may be with some). My point, and to me it is black and white, no one has he right to tell someone else they can or can’t afford something, especially when they’ve no idea of any details. Yes you said he can do what he wants but the implication is there with the rest of your post that you think he shouldn’t take HIS money back. I’m not sure what we’re arguing about, I agree with half of your reply here. I am not telling anyone what to do. He may have decided football is wank and he wants to spend it all the foundation, climate change or flower beds for roundabouts. His money his choice. My point was simply that BDG implied nobody worth £300m would waive £50m. I think that’s wrong. And my point about it being black and white on here is there seems to be 2 camps where either DH is a legend above all questioning or he’s a thieving bastard. There seems to be no room for any middle ground. |
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Post by blueandbrightside on Feb 4, 2020 22:30:31 GMT 1
So I’m being black and white yet you’ve decided who can and can’t afford to chuck money away just like that. Classic, “he’s clearly got money so therefore can afford to give it away”. You’ve no idea about anyone’s position to be randomly telling people what they can and can’t afford. How do you know who “absolutely” does or didn’t need what? He might want to spend it on a different legacy than entertaining us on a Saturday (or not as the case may be with some). My point, and to me it is black and white, no one has he right to tell someone else they can or can’t afford something, especially when they’ve no idea of any details. Yes you said he can do what he wants but the implication is there with the rest of your post that you think he shouldn’t take HIS money back. I’m not sure what we’re arguing about, I agree with half of your reply here. I am not telling anyone what to do. He may have decided football is wank and he wants to spend it all the foundation, climate change or flower beds for roundabouts. His money his choice. My point was simply that BDG implied nobody worth £300m would waive £50m. I think that’s wrong. And my point about it being black and white on here is there seems to be 2 camps where either DH is a legend above all questioning or he’s a thieving bastard. There seems to be no room for any middle ground. Fair enough. Agree with the last para, always extremes on here! It’s also too easy to assume everyone is having a pop too, it seems you weren’t so apologies. Tell you what though, if it were my 50mil that I’d grafted for I’m not sure I’d be parting with it easily (unless I was staying on). We are in Yorkshire after all! |
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Post by terrierpark on Feb 4, 2020 23:41:36 GMT 1
I dont begrudge DH getting his money back. It really needed to come from the new owner but i can see how and why its been twisted to suit all parties except us the fans that yet again have watched by and large a poor product yet again with the odd good performance here and there.
For me the debt could have been paid in 3 installments 50% this year and 25% for the next two leaving us with a little more financial clout this year which might have seen us sat a little bit more comfortably up the table.
DH's project Huddersfield in League 1 was one of a man despertae to see us promoted. His project in the Championship was more of a cautious approach built on constantly selling our best players and just about keeping us in the division...until Wagner of course who was backed more than any other Chmpionship manager we have had. I just find it hard as fan having endured the absolute misery and sense of hoplessness in our relegation season from the Premiership that he would gamble to some extent with a double relegation by leaving us in this predicament.
I recognise of course that this Jan window many issues have at last been addressed and we may now have enough to stay up.In that respect PH has really done the business, but come the summer to some extent its square one with so many loans up, so with another significant parachute payment and DH fully paid off there should be no excuses not to sign quality players so there are no holes in the team or square pegs. Lets be one of those teams with the parachute money that we used to say we couldnt compete with eh? rather than some ramshackle looking outfit.
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Post by Deleted on Feb 4, 2020 23:48:07 GMT 1
I dont begrudge DH getting his money back. It really needed to come from the new owner but i can see how and why its been twisted to suit all parties except us the fans that yet again have watched by and large a poor product yet again with the odd good performance here and there. For me the debt could have been paid in 3 installments 50% this year and 25% for the next two leaving us with a little more financial clout this year which might have seen us sat a little bit more comfortably up the table. DH's project Huddersfield in League 1 was one of a man despertae to see us promoted. His project in the Championship was more of a cautious approach built on constantly selling our best players and just about keeping us in the division...until Wagner of course who was backed more than any other Chmpionship manager we have had. I just find it hard as fan having endured the absolute misery and sense of hoplessness in our relegation season from the Premiership that he would gamble to some extent with a double relegation by leaving us in this predicament. I recognise of course that this Jan window many issues have at last been addressed and we may now have enough to stay up.In that respect PH has really done the business, but come the summer to some extent its square one with so many loans up, so with another significant parachute payment and DH fully paid off there should be no excuses not to sign quality players so there are no holes in the team or square pegs. Lets be one of those teams with the parachute money that we used to say we couldnt compete with eh? rather than some ramshackle looking outfit. Perhaps I've missed it, where has it been said Dean will be fully paid up by this coming summer? I, no doubt wrongly, thought his loans were to be paid over three years. |
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Post by terrierpark on Feb 5, 2020 0:36:56 GMT 1
I dont begrudge DH getting his money back. It really needed to come from the new owner but i can see how and why its been twisted to suit all parties except us the fans that yet again have watched by and large a poor product yet again with the odd good performance here and there. For me the debt could have been paid in 3 installments 50% this year and 25% for the next two leaving us with a little more financial clout this year which might have seen us sat a little bit more comfortably up the table. DH's project Huddersfield in League 1 was one of a man despertae to see us promoted. His project in the Championship was more of a cautious approach built on constantly selling our best players and just about keeping us in the division...until Wagner of course who was backed more than any other Chmpionship manager we have had. I just find it hard as fan having endured the absolute misery and sense of hoplessness in our relegation season from the Premiership that he would gamble to some extent with a double relegation by leaving us in this predicament. I recognise of course that this Jan window many issues have at last been addressed and we may now have enough to stay up.In that respect PH has really done the business, but come the summer to some extent its square one with so many loans up, so with another significant parachute payment and DH fully paid off there should be no excuses not to sign quality players so there are no holes in the team or square pegs. Lets be one of those teams with the parachute money that we used to say we couldnt compete with eh? rather than some ramshackle looking outfit. Perhaps I've missed it, where has it been said Dean will be fully paid up by this coming summer? I, no doubt wrongly, thought his loans were to be paid over three years. No maybe I am the one that is mistaken I was just under the impression that he was getting it all at once |
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Post by Deleted on Feb 5, 2020 8:17:37 GMT 1
Dean is a legend for all he did from the dark days to get us into the EPL
but even the blindest of the #Blindmasses cannot deny that Dean has stitched up the club over the last 18 months.
He sleepwalked into relegation by not spending a pound in Jan 19 though i agree we were already down. This isn't an issue for me.
However
He then sold to his mate who couldn't afford the club so facilitated taking almost he whole parachute payments to take all of his money back!
We are hamstrung financially by PP not having a significant amount of capital to invest and our parachute payments have gone in one swoop.
A first since the Oystens me thinks!
Not blaming PP for this; who would say no to a "No money down" deal?
DH wins as he has his money back, PP wins as he has the club for free!
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Post by Mastercracker on Feb 5, 2020 9:58:41 GMT 1
Dean is a legend for all he did from the dark days to get us into the EPL but even the blindest of the #Blindmasses cannot deny that Dean has stitched up the club over the last 18 months. He sleepwalked into relegation by not spending a pound in Jan 19 though i agree we were already down. This isn't an issue for me. However He then sold to his mate who couldn't afford the club so f acilitated taking almost he whole parachute payments to take all of his money back! We are hamstrung financially by PP not having a significant amount of capital to invest and o ur parachute payments have gone in one swoop. A first since the Oystens me thinks! Not blaming PP for this; who would say no to a "No money down" deal? DH wins as he has his money back, PP wins as he has the club for free! You have absolute no idea what PH is worth. None. |
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Post by Deleted on Feb 5, 2020 10:06:55 GMT 1
Dean is a legend for all he did from the dark days to get us into the EPL but even the blindest of the #Blindmasses cannot deny that Dean has stitched up the club over the last 18 months. He sleepwalked into relegation by not spending a pound in Jan 19 though i agree we were already down. This isn't an issue for me. However He then sold to his mate who couldn't afford the club so f acilitated taking almost he whole parachute payments to take all of his money back! We are hamstrung financially by PP not having a significant amount of capital to invest and o ur parachute payments have gone in one swoop. A first since the Oystens me thinks! Not blaming PP for this; who would say no to a "No money down" deal? DH wins as he has his money back, PP wins as he has the club for free! Also, since when did Dean Hoyles loans amount to almost the whole of the clubs parachute payments? If you mean one years payment how do you know it's gone in one fell swoop? |
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Post by Farsley Terrier (UK product) on Feb 5, 2020 10:14:20 GMT 1
Dean is a legend for all he did from the dark days to get us into the EPL but even the blindest of the #Blindmasses cannot deny that Dean has stitched up the club over the last 18 months. He sleepwalked into relegation by not spending a pound in Jan 19 though i agree we were already down. This isn't an issue for me. However He then sold to his mate who couldn't afford the club so f acilitated taking almost he whole parachute payments to take all of his money back! We are hamstrung financially by PP not having a significant amount of capital to invest and o ur parachute payments have gone in one swoop. A first since the Oystens me thinks! Not blaming PP for this; who would say no to a "No money down" deal? DH wins as he has his money back, PP wins as he has the club for free! Also, since when did Dean Hoyles loans amount to almost the whole of the clubs parachute payments? If you mean one years payment how do you know it's gone in one fell swoop? it doesn't. If I remember correctly the Parachute Payments work out at something like 75% 1st year, 50% second year then 33% third year of the money we got in the premier league. ** **I can't remember exactly but it's not that far out |
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Post by Gag N Bone Man on Feb 5, 2020 10:46:23 GMT 1
Dean is a legend for all he did from the dark days to get us into the EPL but even the blindest of the #Blindmasses cannot deny that Dean has stitched up the club over the last 18 months. He sleepwalked into relegation by not spending a pound in Jan 19 though i agree we were already down. This isn't an issue for me. However He then sold to his mate who couldn't afford the club so f acilitated taking almost he whole parachute payments to take all of his money back! We are hamstrung financially by PP not having a significant amount of capital to invest and o ur parachute payments have gone in one swoop. A first since the Oystens me thinks! Not blaming PP for this; who would say no to a "No money down" deal? DH wins as he has his money back, PP wins as he has the club for free! We'll probably make 1000% on this guy, signed in January 2019. |
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Post by Deleted on Feb 5, 2020 10:54:01 GMT 1
The worst thing about the internet is that it gives idiots a voice. 25 years ago they’d have been shunned by society and sat alone with no one to listen to their ridiculous opinions. Now they think they’re Jean-Paul Sartre.
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Post by I have a box full of hats on Feb 5, 2020 11:27:50 GMT 1
Also, since when did Dean Hoyles loans amount to almost the whole of the clubs parachute payments? If you mean one years payment how do you know it's gone in one fell swoop? it doesn't. If I remember correctly the Parachute Payments work out at something like 75% 1st year, 50% second year then 33% third year of the money we got in the premier league. ** **I can't remember exactly but it's not that far out Indeed - approx. £40m; £35m; £15m over the three years. |
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Post by Deleted on Feb 5, 2020 12:41:24 GMT 1
it doesn't. If I remember correctly the Parachute Payments work out at something like 75% 1st year, 50% second year then 33% third year of the money we got in the premier league. ** **I can't remember exactly but it's not that far out Indeed - approx. £40m; £35m; £15m over the three years. 40m + 35m + 15m = 90m DH takes back 50m leaves us with 40m ... 40m parachute payments incoming + 35m income from transfer fees this season..... almsot every single EPL wage off our books My goodness if the Cowleys aren't backed in summer i don't think even the #Blindmasses can ignore it any longer! in PP we trust, in the Cowleys we trust. |
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Post by I have a box full of hats on Feb 5, 2020 12:47:09 GMT 1
Indeed - approx. £40m; £35m; £15m over the three years. 40m + 35m + 15m = 90m DH takes back 50m leaves us with 40m ... 40m parachute payments incoming + 35m income from transfer fees this season..... almsot every single EPL wage off our books My goodness if the Cowleys aren't backed in summer i don't think even the #Blindmasses can ignore it any longer! in PP we trust, in the Cowleys we trust. Good maths PP - With £75m to spend in the summer (as I don't think we have any outgoings this season) we will be getting the cream of the crop in the next transfer window. Nice one!! |
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Post by Headless Chicken on Feb 5, 2020 13:22:44 GMT 1
The Earth is flat #blindmasses.
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Post by Deleted on Feb 5, 2020 13:50:48 GMT 1
again; a comical answer from the #Blindmasses..
Nobody is saying we should spend 75m or have 75m net profit
however i am again saying there is a gaping hole in the finances and it doesn't take an accountant or someone with high level mathematical acumen to understand this.
The Cowleys need to be backed with something other than last minute loans that aren't our first choice or freebies mid season to plug gaps.
If anyone thinks our signings this season are anything other than that you're wrong.
FYI I'm very happy with the permanent Toffolo at LB for this season and onwards, again I said in August a youth player that has never played at this level will contribute to bringing us down and guess i was proved correct based on results.
I doubt Simpson will be here next season and Stearman is a solid signing for this campaign, anything is better than Stank CB - though we need a new, pacey, commanding CB in summer. Money needs spending at RB and CB almost as much as LW and RW
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Post by royrace on Feb 5, 2020 14:02:14 GMT 1
Dean is a legend for all he did from the dark days to get us into the EPL but even the blindest of the #Blindmasses cannot deny that Dean has stitched up the club over the last 18 months. He sleepwalked into relegation by not spending a pound in Jan 19 though i agree we were already down. This isn't an issue for me. However He then sold to his mate who couldn't afford the club so f acilitated taking almost he whole parachute payments to take all of his money back! We are hamstrung financially by PP not having a significant amount of capital to invest and o ur parachute payments have gone in one swoop. A first since the Oystens me thinks! Not blaming PP for this; who would say no to a "No money down" deal? DH wins as he has his money back, PP wins as he has the club for free! You have absolute no idea what PH is worth. None. Not sure that's relevant anyway? Its pretty simple isnt it, Dean gets his loans paid back therefore its fairly safe to assume Phil wont have paid much for the club? Or are we saying HTAFC, a championship club, not owning its own ground or even training facility was worth a significant amount more than £50M on the open market? I can see why it was, on paper, a great deal for both Dean and Phil but ultimately it means the club purchase has been funded largely by parachute payments. Both Dean and Phil obviously think this can be done whilst still maintaining a competitive squad and without detriment. They also think its great for the club going forward as it will be debt free by the time the parachutes run out and will perhaps be ripe for another investor to come along keen on losing millions per year in an attempt to tread water in the champ or go for the PL. I dare say they also thought the club was sat on a number of valuable playing assets in the form of Mbenza, Diakhaby, Kongolo and Pritchard and they probably didn't realise it was at risk of relegation to L1. I can see both sides of the argument but I think it would be very naive to expect fans just to happily accept whats happened and the shape of the deal. Lets be honest nobody including Dean himself ever expected he would make his money back, he wrote it off with every cheque he wrote. I think he probably saw the amounts of money others were making out of HTAFC and thought he was well entitled to his share. As has been mentioned previously it may also be squirrelled away for future investment in the club. I dare say if you go through the health issues he did its a while before you start thinking about jumping back on the horse but give it a few years of good health and he may be raring to go again. |
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Post by Farsley Terrier (UK product) on Feb 5, 2020 14:04:27 GMT 1
it doesn't. If I remember correctly the Parachute Payments work out at something like 75% 1st year, 50% second year then 33% third year of the money we got in the premier league. ** **I can't remember exactly but it's not that far out Indeed - approx. £40m; £35m; £15m over the three years. i think it works out at 42.6 million this season. |
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Post by I have a box full of hats on Feb 5, 2020 14:09:00 GMT 1
I can see. I have legs.
It's all clear now!
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Post by Deleted on Feb 5, 2020 14:26:28 GMT 1
You have absolute no idea what PH is worth. None. Not sure that's relevant anyway? Its pretty simple isnt it, Dean gets his loans paid back therefore its fairly safe to assume Phil wont have paid much for the club? Or are we saying HTAFC, a championship club, not owning its own ground or even training facility was worth a significant amount more than £50M on the open market? I can see why it was, on paper, a great deal for both Dean and Phil but ultimately it means the club purchase has been funded largely by parachute payments. Both Dean and Phil obviously think this can be done whilst still maintaining a competitive squad and without detriment. They also think its great for the club going forward as it will be debt free by the time the parachutes run out and will perhaps be ripe for another investor to come along keen on losing millions per year in an attempt to tread water in the champ or go for the PL. I dare say they also thought the club was sat on a number of valuable playing assets in the form of Mbenza, Diakhaby, Kongolo and Pritchard and they probably didn't realise it was at risk of relegation to L1. I can see both sides of the argument but I think it would be very naive to expect fans just to happily accept whats happened and the shape of the deal. Lets be honest nobody including Dean himself ever expected he would make his money back, he wrote it off with every cheque he wrote. I think he probably saw the amounts of money others were making out of HTAFC and thought he was well entitled to his share. As has been mentioned previously it may also be squirrelled away for future investment in the club. I dare say if you go through the health issues he did its a while before you start thinking about jumping back on the horse but give it a few years of good health and he may be raring to go again. He's still got one foot on the stirrup. Wonder how much he paid Ken Davy for the club. 🤔 |
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Post by detox on Feb 5, 2020 16:53:52 GMT 1
55%, 45% and 20% of our final years earnings in the PL..
According the the Unexamined that's £42m, £34m then £15m in year 3.,, A total of £91m
I was of the same opinion Dean had agreed to the loans being repaid over 3 years, so I guess if they're proportionate (and in fact £50m) that would be
£23m this year, £19m next year and £8m in year 3..leaving Town with net parachute income of £19m, £15m then £7m in year three..a total of £41m
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wigster
Andy Booth Terrier
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Posts: 3,344
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Post by wigster on Feb 5, 2020 18:27:50 GMT 1
Dean is a legend for all he did from the dark days to get us into the EPL but even the blindest of the #Blindmasses cannot deny that Dean has stitched up the club over the last 18 months. He sleepwalked into relegation by not spending a pound in Jan 19 though i agree we were already down. This isn't an issue for me. However He then sold to his mate who couldn't afford the club so f acilitated taking almost he whole parachute payments to take all of his money back! We are hamstrung financially by PP not having a significant amount of capital to invest and o ur parachute payments have gone in one swoop. A first since the Oystens me thinks! Not blaming PP for this; who would say no to a "No money down" deal? DH wins as he has his money back, PP wins as he has the club for free! I'm not your greatest fan as a poster but it may be that there is a kernel of truth in what you say. I have no knowledge to base this on - NDAs and other reasons mean that the average Town supporter will never know the facts - but I did get the impression that both men got what they wanted - and might not have got in any other scenario ie DH gets his money back relatively quickly and PH "buys" a club that he would not have expected to be able to afford. I have absolutely no idea how much money PH has - and on one level it is none of my business, and it may be that we have a fund of monies waiting to be spent later but the overall impression given - Cowley's statements, our transfer dealings etc - suggests that the club has in no way gained anything like we supporters thought it would/should have after promotion and two years in the Premier league. |
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Post by portugalterrier on Feb 5, 2020 18:38:50 GMT 1
As told to me by the current owner of a current Premier League club, the purchase price is nil, the agreement is all Directors Loans to be repaid from the income of the club ove4 an agreed period.
PH agreed to this deal,
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