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Post by Ginger Ogre on Feb 23, 2020 11:22:02 GMT 1
He could probably afford it, but why should he just write it off? It's all relative and his outgoings will be significantly higher than the average man. Percentage wise its around 20% of his wealth, could afford to write off 20% of your wealth? I know I couldn't. Also bear in mind the money was lent interest free, so Hoyle putting the money into Town has probably lost him around 8m/10m in interest payments. I can see why people are annoyed the parachute money had been swallowed up by Hoyles repayment, but the major debt is now off the books and it's up to PH to now do what he can to take the club forward. Lets not pretend 20% of your or my wealth has anything like the same effect as 20% of someone worth £250m. You cant compare. A persons money, is a persons money. Hoyle has worked hard to earn that money just like you or I work hard to earn our money. Just because Hoyle has a larger amount than us doesn't mean he should just be expected to give it away. We wouldn't, so why should he?
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Post by artysid on Feb 23, 2020 11:22:25 GMT 1
Lets not pretend 20% of your or my wealth has anything like the same effect as 20% of someone worth £250m. You cant compare. Why also did DH come out with the bullshit statement in January about not going down without a fight. He had given up on town and the proof was what has happened since. He wanted to be on a mantle when in charge but seems to me a lot of it was about himself. People always say stuff like would you give 20% of your wealth away. If I won the lottery I would give more than 50% of it away if over a million to family and friends? Why because in life only the greedy need to much wealth, giving to the things you love give u far more pleasure, not lending. Again? Wasn't £3.2 million enough, or did that all go to the ex
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Post by Mastercracker on Feb 23, 2020 11:23:50 GMT 1
Lets not pretend 20% of your or my wealth has anything like the same effect as 20% of someone worth £250m. You cant compare. A persons money, is a persons money. Hoyle has worked hard to earn that money just like you or I work hard to earn our money. Just because Hoyle has a larger amount than us doesn't mean he should just be expected to give it away. We wouldn't, so why should he? I'll just agree to disagree on this one.
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Post by Deleted on Feb 23, 2020 11:28:37 GMT 1
You’re suggesting the handover of the club effectively committed around £95m of future revenue to go directly to Dean Hoyle? (£45m for 75% control plus repayment of ~£50m of the directors loan account) I think you may find Deano already had his money back from 2 years in the Prem. That's my belief. The buy-out is based on future earnings/parachute. Hmmm...well the accounts show that loans of £16.8m were received by the club and £19.7m taken out during the first EPL season (presumably to aid cash flow before the competition money was banked) leaving £49m left owing to Dean. You think he took £49m out of the club during last season? 🤷♂️🤣 Only a total idiot would have paid £45m for 75% of Hudds Town a club that also has to repay approaching £50m of loans, despite the bump of revenue the parachutes provide. Phil Hodgkinson is not a total idiot. We can all do conjecture....mine is the takeover of the club was for a nominal fee nowhere even close to your £45m, effectively handing it over to a trusted acquaintance with the agreement of repayment of his £49m over subsequent years being the switch that makes it a deal he could make,
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Post by Headless Chicken on Feb 23, 2020 11:29:05 GMT 1
Lets not pretend 20% of your or my wealth has anything like the same effect as 20% of someone worth £250m. You cant compare. Why also did DH come out with the bullshit statement in January about not going down without a fight. He had given up on town and the proof was what has happened since. He wanted to be on a mantle when in charge but seems to me a lot of it was about himself. People always say stuff like would you give 20% of your wealth away. If I won the lottery I would give more than 50% of it away if over a million to family and friends? Why because in life only the greedy need to much wealth, giving to the things you love give u far more pleasure, not lending. He didn't win it though did he, he worked hard and took risks that virtually no one else on here would. Giving money away you've won is totally different. Maybe you should give some of your salary away to family and friends that earn less than you? If you are already, fair play. Maybe DH will be giving most of it to family, friends and charities, rather than seeing it eaten up by the excesses of football or for the benefit of fans thst abused him and his sons on social media and are now calling him greedy. Don't get me wrong, I understand some of the questions being raised, in particular around the disarray we seemed to be in at the top for a while and the apparent speed of the loans being repaid, but some of you seem quick to forget what you've got out of it and compare it to nonsensical comparisons in your own lives that will never be tested.
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Post by brighousebandbred on Feb 23, 2020 12:14:47 GMT 1
Why also did DH come out with the bullshit statement in January about not going down without a fight. He had given up on town and the proof was what has happened since. He wanted to be on a mantle when in charge but seems to me a lot of it was about himself. People always say stuff like would you give 20% of your wealth away. If I won the lottery I would give more than 50% of it away if over a million to family and friends? Why because in life only the greedy need to much wealth, giving to the things you love give u far more pleasure, not lending. Again? Wasn't £3.2 million enough, or did that all go to the ex Oh the irony it was a joke
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Post by brighousebandbred on Feb 23, 2020 12:16:25 GMT 1
Why also did DH come out with the bullshit statement in January about not going down without a fight. He had given up on town and the proof was what has happened since. He wanted to be on a mantle when in charge but seems to me a lot of it was about himself. People always say stuff like would you give 20% of your wealth away. If I won the lottery I would give more than 50% of it away if over a million to family and friends? Why because in life only the greedy need to much wealth, giving to the things you love give u far more pleasure, not lending. He didn't win it though did he, he worked hard and took risks that virtually no one else on here would. Giving money away you've won is totally different. Maybe you should give some of your salary away to family and friends that earn less than you? If you are already, fair play. Maybe DH will be giving most of it to family, friends and charities, rather than seeing it eaten up by the excesses of football or for the benefit of fans thst abused him and his sons on social media and are now calling him greedy. Don't get me wrong, I understand some of the questions being raised, in particular around the disarray we seemed to be in at the top for a while and the apparent speed of the loans being repaid, but some of you seem quick to forget what you've got out of it and compare it to nonsensical comparisons in your own lives that will never be tested. I do
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Post by artysid on Feb 23, 2020 12:49:20 GMT 1
Again? Wasn't £3.2 million enough, or did that all go to the ex Oh the irony it was a joke In that case please ignore the begging letter you'll be receiving in the post in a few days time. Goodness knows how I'm going to get to New Zealand to visit my sick relatives now
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Post by brighousebandbred on Feb 23, 2020 12:52:35 GMT 1
Oh the irony it was a joke In that case please ignore the begging letter you'll be receiving in the post in a few days time. Goodness knows how I'm going to get to New Zealand to visit my sick relatives now I will sort u out if you come across well, send the letter anyway 😜
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Post by HuddsTerrier on Feb 23, 2020 13:11:15 GMT 1
The mess up is best illustrated when you compare Town with Brighton At the end of 17/18 season league wise there wasn’t much between us They however planned a proper structure- they set out and got dan Ashworth, arguably the best DOF around. He agreed to join in sep 2018 and they waited 9 months for him They were prepared to sack houghton - despite keeping them up a second season and getting to a fa cup semi final They have been ruthless but used their premier league riches to build a better structure and legacy If they drop they are now oceans ahead of us Don’t forget town made more money in both 17/18 AND 18/19 than Leicester did in 2016 for winning the league To get relegated on this new tv deal and be in this state is very hard to take 15/16 club payments - www.premierleague.com/news/6013817/18 club payments - www.premierleague.com/news/69107318/18 club payment - www.premierleague.com/news/1225126
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Post by Deleted on Feb 23, 2020 13:18:22 GMT 1
We put our faith in an unknown German who the fans mockingly referred to as a PE teacher.
Then we sacked him and all got excited when we hired an actual PE teacher.
You’ve got to love the fickleness of football fans.
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Post by Galpharmer on Feb 23, 2020 14:15:20 GMT 1
The Price of Football chap, Kieran, has us in his jobs to do list apparently.
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Post by htfcfcfc on Feb 23, 2020 14:28:18 GMT 1
We put our faith in an unknown German who the fans mockingly referred to as a PE teacher. Then we sacked him and all got excited when we hired an actual PE teacher with 12 years senior management experience You’ve got to love the BS spouted by some “football fans”. Edited
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Post by royrace on Feb 23, 2020 14:56:38 GMT 1
Quite simply, Hoyle has hamstrung the club at a time when we should have been much stronger. We threw any advantage we had from the Premier League experience away and once more find ourselves unable to compete at even this level. In short, a total disaster. Call it mismanagement, greed, ill health, bad advice, whatever, but it’s clearly an absolutely monumental fuck-up. Hoyle was smart and took his £50m back when he knew the club could pay it back to him. If he have left it in and we spent it, and didn't go back up then the chance of him getting his money back would have vanished. Easy to say he shouldn't have recalled the loan when it isn't our money. Would you lend a mate a large sum of money for a celebration/wedding/holiday on the proviso its paid back 'when they can'and then when they can pay it back, allow them to gamble it away and risk never seeing it again? I certainly wouldn't, I get my money back when I could and I that meant my mate had to live on a shoestring for a while then so be it. Hoyle is blame for quite a lot of this mess we are in, but getting his money isn't one of them, because it's what eveyone would have done given his circumstances in regard to his health. It wasn’t really a loan though was it, let’s be honest Dean put the money into the club he loves because he could afford to lose it and he wanted to do it. He combined it with charitable foundations with a view to helping the local community also. I dare say there were also tax breaks to be had by pumping money into a business that never made a profit. He never ever expected to get it back, it was money spent on a hobby and something he was passionate about. Comparing it with a normal loan is flawed. It’s not only the money either, it’s the way the payback was facilitated by selling to Phil, both absolutely think it’s best for the club but coincidentally it’s also what was best for them. Was it what was best for the club?? Looking at the league table at the moment and the joke of a squad we started the season with I would say it wasn’t. Seems to me the business plan cooked up is and was totally flawed (like the strategy of the last 2years). They may well get away without being relegated this season but it’s touch and go and then what? We return to treading water in the championship, the only legacy of the PL being the bad smell of the terrible players we wasted tens of millions of pounds on due to rank bad management coming from the top. Who is ultimately responsible for wasting £300M of premier league money and chucking away the golden ticket in spectacular and unprecedented style? Terrible decision after terrible decision. It’s been an utter shambles, I had thought the appointment of the Cowleys was the end of it but we then lose another dof in mysterious circumstances. Seems like a circus.
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Post by brighousebandbred on Feb 23, 2020 15:02:52 GMT 1
Hoyle was smart and took his £50m back when he knew the club could pay it back to him. If he have left it in and we spent it, and didn't go back up then the chance of him getting his money back would have vanished. Easy to say he shouldn't have recalled the loan when it isn't our money. Would you lend a mate a large sum of money for a celebration/wedding/holiday on the proviso its paid back 'when they can'and then when they can pay it back, allow them to gamble it away and risk never seeing it again? I certainly wouldn't, I get my money back when I could and I that meant my mate had to live on a shoestring for a while then so be it. Hoyle is blame for quite a lot of this mess we are in, but getting his money isn't one of them, because it's what eveyone would have done given his circumstances in regard to his health. It wasn’t really a loan though was it, let’s be honest Dean put the money into the club he loves because he could afford to lose it and he wanted to do it. He combined it with charitable foundations with a view to helping the local community also. I dare say there were also tax breaks to be had by pumping money into a business that never made a profit. He never ever expected to get it back, it was money spent on a hobby and something he was passionate about. Comparing it with a normal loan is flawed. It’s not only the money either, it’s the way the payback was facilitated by selling to Phil, both absolutely think it’s best for the club but coincidentally it’s also what was best for them. Was it what was best for the club?? Looking at the league table at the moment and the joke of a squad we started the season with I would say it wasn’t. Seems to me the business plan cooked up is and was totally flawed (like the strategy of the last 2years). They may well get away without being relegated this season but it’s touch and go and then what? We return to treading water in the championship, the only legacy of the PL being the bad smell of the terrible players we wasted tens of millions of pounds on due to rank bad management coming from the top. Who is ultimately responsible for wasting £300M of premier league money and chucking away the golden ticket in spectacular and unprecedented style? Terrible decision after terrible decision. It’s been an utter shambles, I had thought the appointment of the Cowleys was the end of it but we then lose another dof in mysterious circumstances. Seems like a circus. Fantastic post
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Post by detox on Feb 23, 2020 15:53:07 GMT 1
So are we saying that DH turned down offers from big money men because they wouldn't agree the repayment of DH's loans, so DH did a 'deal' with PH whereby he basically gave him the club if PH agreed to use the parachute cash to pay back DH ? So the whole 'selling the club' scenario was based around DH getting his £50m back, and nothing else ? Is that the verdict ?
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Post by Headless Chicken on Feb 23, 2020 16:10:47 GMT 1
No
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Post by otium (EPBS) on Feb 23, 2020 16:13:23 GMT 1
I think you may find Deano already had his money back from 2 years in the Prem. That's my belief. The buy-out is based on future earnings/parachute. Hmmm...well the accounts show that loans of £16.8m were received by the club and £19.7m taken out during the first EPL season (presumably to aid cash flow before the competition money was banked) leaving £49m left owing to Dean. You think he took £49m out of the club during last season? 🤷♂️🤣 Only a total idiot would have paid £45m for 75% of Hudds Town a club that also has to repay approaching £50m of loans, despite the bump of revenue the parachutes provide. Phil Hodgkinson is not a total idiot. We can all do conjecture....mine is the takeover of the club was for a nominal fee nowhere even close to your £45m, effectively handing it over to a trusted acquaintance with the agreement of repayment of his £49m over subsequent years being the switch that makes it a deal he could make, If Deano lent the club £40 million and then they got to the Prem with £200 million income in 2 years when do you think he was planning to get his money back?
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Post by overtonterrierspirit on Feb 23, 2020 17:39:16 GMT 1
Hoyle was smart and took his £50m back when he knew the club could pay it back to him. If he have left it in and we spent it, and didn't go back up then the chance of him getting his money back would have vanished. Easy to say he shouldn't have recalled the loan when it isn't our money. Would you lend a mate a large sum of money for a celebration/wedding/holiday on the proviso its paid back 'when they can'and then when they can pay it back, allow them to gamble it away and risk never seeing it again? I certainly wouldn't, I get my money back when I could and I that meant my mate had to live on a shoestring for a while then so be it. Hoyle is blame for quite a lot of this mess we are in, but getting his money isn't one of them, because it's what eveyone would have done given his circumstances in regard to his health. It wasn’t really a loan though was it, let’s be honest Dean put the money into the club he loves because he could afford to lose it and he wanted to do it. He combined it with charitable foundations with a view to helping the local community also. I dare say there were also tax breaks to be had by pumping money into a business that never made a profit. He never ever expected to get it back, it was money spent on a hobby and something he was passionate about. Comparing it with a normal loan is flawed. It’s not only the money either, it’s the way the payback was facilitated by selling to Phil, both absolutely think it’s best for the club but coincidentally it’s also what was best for them. Was it what was best for the club?? Looking at the league table at the moment and the joke of a squad we started the season with I would say it wasn’t. Seems to me the business plan cooked up is and was totally flawed (like the strategy of the last 2years). They may well get away without being relegated this season but it’s touch and go and then what? We return to treading water in the championship, the only legacy of the PL being the bad smell of the terrible players we wasted tens of millions of pounds on due to rank bad management coming from the top. Who is ultimately responsible for wasting £300M of premier league money and chucking away the golden ticket in spectacular and unprecedented style? Terrible decision after terrible decision. It’s been an utter shambles, I had thought the appointment of the Cowleys was the end of it but we then lose another dof in mysterious circumstances. Seems like a circus. Totally agree. There seems no end to the nightmare.
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Post by Deleted on Feb 23, 2020 17:51:02 GMT 1
Hmmm...well the accounts show that loans of £16.8m were received by the club and £19.7m taken out during the first EPL season (presumably to aid cash flow before the competition money was banked) leaving £49m left owing to Dean. You think he took £49m out of the club during last season? 🤷♂️🤣 Only a total idiot would have paid £45m for 75% of Hudds Town a club that also has to repay approaching £50m of loans, despite the bump of revenue the parachutes provide. Phil Hodgkinson is not a total idiot. We can all do conjecture....mine is the takeover of the club was for a nominal fee nowhere even close to your £45m, effectively handing it over to a trusted acquaintance with the agreement of repayment of his £49m over subsequent years being the switch that makes it a deal he could make, If Deano lent the club £40 million and then they got to the Prem with £200 million income in 2 years when do you think he was planning to get his money back? No point answering, you’re clueless sorry.
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Post by HuddsTerrier on Feb 23, 2020 18:05:50 GMT 1
What PH bought was a business that went bankrupt 15 years prior. Had the current owner in a hole for c.£40m - with a normalised annual loss of c£4m - until we unexpectedly hit the the jackpot
Yes there was a £90m guaranteed rev stream but against that massive contractual commitments to players that had to be met. And it would seem a £49m loan which was being called in
What was bought was 75% ownership. Assets are 40% (so not overall control) of a ground which is only viable with the football club and the players (I don’t believe PH got the training ground)
That’s before the shambles of JS (which in hindsight PH should have got DH to sort before buying) and the rest that’s unraveled in terms of player attitudes/ abilities (market value) as the season has progressed
I can’t see him paying a massive consideration for the above
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Post by Captainslapper on Feb 23, 2020 21:16:02 GMT 1
He could probably afford it, but why should he just write it off? It's all relative and his outgoings will be significantly higher than the average man. Percentage wise its around 20% of his wealth, could afford to write off 20% of your wealth? I know I couldn't. Also bear in mind the money was lent interest free, so Hoyle putting the money into Town has probably lost him around 8m/10m in interest payments. I can see why people are annoyed the parachute money had been swallowed up by Hoyles repayment, but the major debt is now off the books and it's up to PH to now do what he can to take the club forward. Lets not pretend 20% of your or my wealth has anything like the same effect as 20% of someone worth £250m. You cant compare. Is that any different from pretending you know how much money DH has got? Think if people are going to happily tell someone what they 'should' do with their money, having some clue as to how much money they might have would be a start. For some reason ( lack of knowledge mainly ) people think DH owned 100% of Card Factory when he 'sold it'.
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Post by Ginger Ogre on Feb 23, 2020 21:42:55 GMT 1
Hoyle was smart and took his £50m back when he knew the club could pay it back to him. If he have left it in and we spent it, and didn't go back up then the chance of him getting his money back would have vanished. Easy to say he shouldn't have recalled the loan when it isn't our money. Would you lend a mate a large sum of money for a celebration/wedding/holiday on the proviso its paid back 'when they can'and then when they can pay it back, allow them to gamble it away and risk never seeing it again? I certainly wouldn't, I get my money back when I could and I that meant my mate had to live on a shoestring for a while then so be it. Hoyle is blame for quite a lot of this mess we are in, but getting his money isn't one of them, because it's what eveyone would have done given his circumstances in regard to his health. It wasn’t really a loan though was it, let’s be honest Dean put the money into the club he loves because he could afford to lose it and he wanted to do it. He combined it with charitable foundations with a view to helping the local community also. I dare say there were also tax breaks to be had by pumping money into a business that never made a profit. He never ever expected to get it back, it was money spent on a hobby and something he was passionate about. Comparing it with a normal loan is flawed. It’s not only the money either, it’s the way the payback was facilitated by selling to Phil, both absolutely think it’s best for the club but coincidentally it’s also what was best for them. Was it what was best for the club?? Looking at the league table at the moment and the joke of a squad we started the season with I would say it wasn’t. Seems to me the business plan cooked up is and was totally flawed (like the strategy of the last 2years). They may well get away without being relegated this season but it’s touch and go and then what? We return to treading water in the championship, the only legacy of the PL being the bad smell of the terrible players we wasted tens of millions of pounds on due to rank bad management coming from the top. Who is ultimately responsible for wasting £300M of premier league money and chucking away the golden ticket in spectacular and unprecedented style? Terrible decision after terrible decision. It’s been an utter shambles, I had thought the appointment of the Cowleys was the end of it but we then lose another dof in mysterious circumstances. Seems like a circus. I dont really disagree with any of that, and I've never said anywhere that Hoyle doesn't have blame at his door in some way shape or form for the mess HTFC finds itself in. All I was pointing out originally is that Hoyle was within his rights to recoup his money when the club had the funds available otherwise he risked losing it all together, and that I understand his decision to do so.
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Post by Mastercracker on Feb 23, 2020 21:50:12 GMT 1
Lets not pretend 20% of your or my wealth has anything like the same effect as 20% of someone worth £250m. You cant compare. Is that any different from pretending you know how much money DH has got? Think if people are going to happily tell someone what they 'should' do with their money, having some clue as to how much money they might have would be a start. For some reason ( lack of knowledge mainly ) people think DH owned 100% of Card Factory when he 'sold it'. I get what you're saying, the rich list stuff is guesswork not gospel. But its educated guesswork by fairly intelligent folk and we know enough to know he's not one of the lads down the pub lending £20 was my point. I've had this argument with you before I think, I am not telling anyone what to do with their money. His choice completely, and tbh if he decided football is full of absolute cretins and wondered he was bothering I would completely understand. Just the concept that some push that he needs it in some fashion or that it was comparable to Joe Bloggs lending a mate some brass or that its good for HTFC irks me. Would you not admit it (especially the seeming pace of the return) has hamstrung his/our club? I don't want to get into the he's a messiah/he's a disgrace black white slinging that it seems to descend into on here as there are lots of shades of grey. My view I think fairly obviously is that if you take on your own football club and are putting in an amount you are comfortable with each year, as your hobby, it would be surprising to take that back when you leave. There are fan owners up and down the land running their clubs, some of whom could have taken it back. Lets just say Middlesborough and Brighton are fucked if Steve Gibson or Bloom does this Your view is different, that's fine. We are where we are now.
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Post by brighousebandbred on Feb 23, 2020 22:15:23 GMT 1
Is that any different from pretending you know how much money DH has got? Think if people are going to happily tell someone what they 'should' do with their money, having some clue as to how much money they might have would be a start. For some reason ( lack of knowledge mainly ) people think DH owned 100% of Card Factory when he 'sold it'. I get what you're saying, the rich list stuff is guesswork not gospel. But its educated guesswork by fairly intelligent folk and we know enough to know he's not one of the lads down the pub lending £20 was my point. I've had this argument with you before I think, I am not telling anyone what to do with their money. His choice completely, and tbh if he decided football is full of absolute cretins and wondered he was bothering I would completely understand. Just the concept that some push that he needs it in some fashion or that it was comparable to Joe Bloggs lending a mate some brass or that its good for HTFC irks me. Would you not admit it (especially the seeming pace of the return) has hamstrung his/our club? I don't want to get into the he's a messiah/he's a disgrace black white slinging that it seems to descend into on here as there are lots of shades of grey. My view I think fairly obviously is that if you take on your own football club and are putting in an amount you are comfortable with each year, as your hobby, it would be surprising to take that back when you leave. There are fan owners up and down the land running their clubs, some of whom could have taken it back. Lets just say Middlesborough and Brighton are fucked if Steve Gibson or Bloom does this Your view is different, that's fine. We are where we are now. This is spot on. Dean knows what state taking the money out leaves us in. Would other owners who are fans like you’ve mentioned do this , quite simply I very much doubt it. He did a great job and loved the limelight, as did his kids , SO SAD now. I will probably watch the highlights of the playoff final every once in a while, I will view DH interviews and his reaction when the final penalty went in completely differently now.
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Post by Captainslapper on Feb 24, 2020 0:55:41 GMT 1
Is that any different from pretending you know how much money DH has got? Think if people are going to happily tell someone what they 'should' do with their money, having some clue as to how much money they might have would be a start. For some reason ( lack of knowledge mainly ) people think DH owned 100% of Card Factory when he 'sold it'. I get what you're saying, the rich list stuff is guesswork not gospel. But its educated guesswork by fairly intelligent folk and we know enough to know he's not one of the lads down the pub lending £20 was my point. I've had this argument with you before I think, I am not telling anyone what to do with their money. His choice completely, and tbh if he decided football is full of absolute cretins and wondered he was bothering I would completely understand. Just the concept that some push that he needs it in some fashion or that it was comparable to Joe Bloggs lending a mate some brass or that its good for HTFC irks me. Would you not admit it (especially the seeming pace of the return) has hamstrung his/our club? I don't want to get into the he's a messiah/he's a disgrace black white slinging that it seems to descend into on here as there are lots of shades of grey. My view I think fairly obviously is that if you take on your own football club and are putting in an amount you are comfortable with each year, as your hobby, it would be surprising to take that back when you leave. There are fan owners up and down the land running their clubs, some of whom could have taken it back. Lets just say Middlesborough and Brighton are fucked if Steve Gibson or Bloom does this Your view is different, that's fine. We are where we are now. Firstly I have to admit I don;t know how much money he is taking back from the club. I don;t know what % it is of the money he's put in and I don;t know what the terms are such as length of time etc I must have missed the memo because so many people on here seem to be fully in the loop! I do know that even if he took back every penny it would still have cost him many millions because hed have been hard pressed to 'invest' that money in such an equally bad way elsewhere! I do know what Card Factory was valued at when he sold his stake and I know roughly what his stake was. I don;t know whether he needs it. And I don;t think thats for me or anyone else to say. What right does anyone have to question that? There are poor people who might look at you or me and say 'Do you really need that car or that holiday?' Do I feel they have the right to question what i spend my money on? Do I fuck! Him taking money out ( whatever the amount ) has of course made it harder for the club. So has allowing us all to pay half the going rate for season cards for years but I don;t see anyone moaning about that. But even if it has hamstrung us, Im not going to moan and whinge about it because I don;t think we have any right to his money,, either moral or legal..and without him putting it into the club in the first place Id have just spent the past 12 years watching us wallowing in Leagues 1 and 2 instead of what i did watch. So rather than feeling bitter or 'wronged' that hes taken it away ( to whatever extent ) I just feel gratitude and immensely fortunate that he was willing to put it in.
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Post by otium (EPBS) on Feb 24, 2020 8:24:15 GMT 1
If Deano lent the club £40 million and then they got to the Prem with £200 million income in 2 years when do you think he was planning to get his money back? No point answering, you’re clueless sorry. I am not privy to all the finer details. All I know is that Deano would not be owed £40 million by a club he owns and then sell it for £45 million when it was due a £95 mill freebie. If Deano had not got his, alleged, £40 mill back whilst we were in the Prem then he is foolish.
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Post by impact on Feb 24, 2020 17:27:05 GMT 1
No point answering, you’re clueless sorry. I am not privy to all the finer details. All I know is that Deano would not be owed £40 million by a club he owns and then sell it for £45 million when it was due a £95 mill freebie. If Deano had not got his, alleged, £40 mill back whilst we were in the Prem then he is foolish. He spent the Premier League money on players and wages. There was no cash left to take out.
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Post by otium (EPBS) on Feb 24, 2020 17:52:51 GMT 1
I am not privy to all the finer details. All I know is that Deano would not be owed £40 million by a club he owns and then sell it for £45 million when it was due a £95 mill freebie. If Deano had not got his, alleged, £40 mill back whilst we were in the Prem then he is foolish. He spent the Premier League money on players and wages. There was no cash left to take out. And if I believed that....
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Post by impact on Feb 24, 2020 18:44:13 GMT 1
He spent the Premier League money on players and wages. There was no cash left to take out. And if I believed that.... In the 1st year, the cash in hand increased by 3.4m, after Dean took out around 3m. Wouldn't surprise me to see similar the year after.
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