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Post by Frankiesleftpeg on Jan 6, 2020 0:01:20 GMT 1
I'm not doubting for a second that he loaned us a shed load of money, but the point I'm making is that I've seen no evidence that he's demanded his £50m (if that is the figure) back, as some are arguing as being a fact. He may want his brass back but some folk are alluding to the fact that we're skint as a result, without producing any evidence to back the claims up. Surely the evidence being that we hardly spent anything in the summer and we're relying on loans this window. Imagine for a second that Dean hadn't sold the club, our current financial position would look something like: 1st Parachute payment: £45 million Players sold: £25 million approx Players bought: £12 million approx Wage bill: £25 million approx There would be plenty of money knocking around to ensure we got out of this relegation fight. Instead we're having to bring kids in on loan There's clearly a large sum which is having to be paid to Dean as part of the agreement to sell the club which is coming out of the clubs funds. Its still not evidence, just speculation. Parachute payments were designed to cover the costs of large contracts incurred in the PL. Our income from other sources is likely to be on a par with or slightly more than when we were last in this division but our wage bill will be at least double. Its common knowledge that PH doesn't appear to have anything like the wealth of DH so who's to say he isn't holding back the spending of large sums in order to cover shortfalls in revenue in the future. There's no guarantee that we'll return to the greedy league before the parachute payments run out and if we don't we'll be back to square one with the income. |
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Post by Million Dollar Babies on Jan 6, 2020 7:25:50 GMT 1
Surely the evidence being that we hardly spent anything in the summer and we're relying on loans this window. Imagine for a second that Dean hadn't sold the club, our current financial position would look something like: 1st Parachute payment: £45 million Players sold: £25 million approx Players bought: £12 million approx Wage bill: £25 million approx There would be plenty of money knocking around to ensure we got out of this relegation fight. Instead we're having to bring kids in on loan There's clearly a large sum which is having to be paid to Dean as part of the agreement to sell the club which is coming out of the clubs funds. Its still not evidence, just speculation. Parachute payments were designed to cover the costs of large contracts incurred in the PL. Our income from other sources is likely to be on a par with or slightly more than when we were last in this division but our wage bill will be at least double. Its common knowledge that PH doesn't appear to have anything like the wealth of DH so who's to say he isn't holding back the spending of large sums in order to cover shortfalls in revenue in the future. There's no guarantee that we'll return to the greedy league before the parachute payments run out and if we don't we'll be back to square one with the income. Our wage bill will be double but it's still low compared to revenue. The wage bill will have dropped even further by the end of the summer once we've managed to get some more of the high earners off the books. At which time we'll also have received some quite large transfer fees for the likes of Mooy, Kongolo, Grant and possible Pritchard plus the second of the parachute payments. It'll be interesting to see if we're suddenly able to start spending because if not surely it will confirm where the money is going |
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Post by thrice on Jan 6, 2020 9:51:02 GMT 1
Its still not evidence, just speculation. Parachute payments were designed to cover the costs of large contracts incurred in the PL. Our income from other sources is likely to be on a par with or slightly more than when we were last in this division but our wage bill will be at least double. Its common knowledge that PH doesn't appear to have anything like the wealth of DH so who's to say he isn't holding back the spending of large sums in order to cover shortfalls in revenue in the future. There's no guarantee that we'll return to the greedy league before the parachute payments run out and if we don't we'll be back to square one with the income. The wage bill will have dropped even further by the end of the summer once we've managed to get some more of the high earners off the books. At which time we'll also have received some quite large transfer fees for the likes of Mooy, Kongolo, Grant and possible Pritchard plus the second of the parachute payments. It'll be interesting to see if we're suddenly able to start spending because if not surely it will confirm where the money is going Even considering the parachute payments it isn't low compared to income. And when the parachute payments dry up shortly it is back to basket case levels! |
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Post by bristolterrier on Jan 6, 2020 13:40:34 GMT 1
I always thought it was BR that insisted on the sale of Marcus Stewart to recoup as much of his money that he could before he went? Could be wrong mind  I had the opportunity to question Steve Bruce personally about 4 years after he left Town. I asked him if he had been responsible for selling Stewart and his reply; "Are you mad? He was our best player and we had a good chance at promotion. Why the fuck would I want our best player sold?" He was genuinely angry that I had even asked the question. |
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Post by bristolterrier on Jan 6, 2020 13:45:26 GMT 1
And as someone else previously stated regarding a share, I remember my Dad dipping into his pocket to help Town out in the mid 80s ish, along with a load of others, Pretty sure he received a share certificate I've got one somewhere. I think there was supposed to be a frame somewhere with the names of the people who gave, has anyone seen it? Don't think they mean anything as didn't that company go under? I bought 47 shares (no idea why 47!) and the certificates are framed and in my loft somewhere. They are worthless in value but clearly have some sentimental value. As for putting a hand in the pocket. That was when we went into administration and Bob Pepper did his best to raise money to keep the club afloat. I donated to that also and it wasn't a couple of quid. For that I received a certificate saying I was a life member of the Supporters Club! |
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Post by Manx Terrier on Jan 6, 2020 14:07:18 GMT 1
For anyone savvy with accounts will the current outstanding balance of the Dean's loan be shown as at the date of the accounts ?
Also will the total sums paid to Dean during the year be shown ?
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Post by Walton-on-the-Hill Terrier on Jan 6, 2020 16:09:24 GMT 1
And as someone else previously stated regarding a share, I remember my Dad dipping into his pocket to help Town out in the mid 80s ish, along with a load of others, Pretty sure he received a share certificate I've got one somewhere. I think there was supposed to be a frame somewhere with the names of the people who gave, has anyone seen it? Don't think they mean anything as didn't that company go under? I bought 47 shares (no idea why 47!) and the certificates are framed and in my loft somewhere. They are worthless in value but clearly have some sentimental value. As for putting a hand in the pocket. That was when we went into administration and Bob Pepper did his best to raise money to keep the club afloat. I donated to that also and it wasn't a couple of quid. For that I received a certificate saying I was a life member of the Supporters Club! Likewise, I donated £1k. My name is on a plaque in the club, last time I saw it it was up the flight of stairs by reception. Your name might also be on it (if you donated >£100). |
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zoso
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Post by zoso on Jan 6, 2020 18:06:27 GMT 1
I always thought it was BR that insisted on the sale of Marcus Stewart to recoup as much of his money that he could before he went? Could be wrong mind I had the opportunity to question Steve Bruce personally about 4 years after he left Town. I asked him if he had been responsible for selling Stewart and his reply; "Are you mad? He was our best player and we had a good chance at promotion. Why the fuck would I want our best player sold?" He was genuinely angry that I had even asked the question. Yeah, Bruce would never have wanted to sell him. Another thing I recall about BR, we were playing Charlton on a Tuesday night (I think we were top of the league, or thereabouts) and he couldn't understand why it wasn't a sell out crowd. We lost 2-0, and it all seemed to go downhill after that.....  |
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Post by Headless Chicken on Jan 6, 2020 18:41:39 GMT 1
I always thought it was BR that insisted on the sale of Marcus Stewart to recoup as much of his money that he could before he went? Could be wrong mind I had the opportunity to question Steve Bruce personally about 4 years after he left Town. I asked him if he had been responsible for selling Stewart and his reply; "Are you mad? He was our best player and we had a good chance at promotion. Why the fuck would I want our best player sold?" He was genuinely angry that I had even asked the question. I asked Ian Ayre, who was in our group one year at Aintree, and he was still speaking as if it was the right thing to do (would pay for running the club for two years, etc.). Fortunately I had the conversation during one of my first pints over breakfast and didn't speak to him after 🤣 Not sure who he knew in our group (most are scousers or woolybacks) and not seen him since. |
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Post by football on Jan 6, 2020 18:57:49 GMT 1
I bought 47 shares (no idea why 47!) and the certificates are framed and in my loft somewhere. They are worthless in value but clearly have some sentimental value. As for putting a hand in the pocket. That was when we went into administration and Bob Pepper did his best to raise money to keep the club afloat. I donated to that also and it wasn't a couple of quid. For that I received a certificate saying I was a life member of the Supporters Club! Likewise, I donated £1k. My name is on a plaque in the club, last time I saw it it was up the flight of stairs by reception. Your name might also be on it (if you donated >£100). Thanks for that, I did wonder where it was. |
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Sparrow
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Post by Sparrow on Jan 6, 2020 22:10:22 GMT 1
It all went wrong when BR appointed a Leeds fan as Finance Director
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Post by allan 1958 (OAF-WROY)(SSLFF) on Jan 6, 2020 23:51:15 GMT 1
sorry pal didn't get that meaning. But you are right. There is some amateurish offensive drivel spouted on here about Dean when people know nothing. I still trust Dean. Why do you? If he has, as is suspected and surmised on here, that he has taken his money back in a big chunk that has hamstrung the club financially then if this is actually proven he will have lost a lot of goodwill from a lot of Town fans. Not saying he isn't entitled to his money back but don't bloody hamstring the club in doing so. My issues are in bold no evidence beyond suspected and summarised on here. I still trust Dean. |
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Post by keithAM11532 on Jan 7, 2020 0:07:05 GMT 1
I had the opportunity to question Steve Bruce personally about 4 years after he left Town. I asked him if he had been responsible for selling Stewart and his reply; "Are you mad? He was our best player and we had a good chance at promotion. Why the fuck would I want our best player sold?" He was genuinely angry that I had even asked the question. I asked Ian Ayre, who was in our group one year at Aintree, and he was still speaking as if it was the right thing to do (would pay for running the club for two years, etc.). Fortunately I had the conversation during one of my first pints over breakfast and didn't speak to him after 🤣 Not sure who he knew in our group (most are scousers or woolybacks) and not seen him since. Wasn't Marcus giving Mrs Rubery a length, I am sure that's why he was sold... |
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Post by Carlito Brigante on Jan 7, 2020 1:14:34 GMT 1
I asked Ian Ayre, who was in our group one year at Aintree, and he was still speaking as if it was the right thing to do (would pay for running the club for two years, etc.). Fortunately I had the conversation during one of my first pints over breakfast and didn't speak to him after 🤣 Not sure who he knew in our group (most are scousers or woolybacks) and not seen him since. Wasn't Marcus giving Mrs Rubery a length, I am sure that's why he was sold... He certainly enjoyed himself whilst here but can't confirm Mrs Rubery was a notch on his bedpost |
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Post by bristolterrier on Jan 7, 2020 11:16:59 GMT 1
I bought 47 shares (no idea why 47!) and the certificates are framed and in my loft somewhere. They are worthless in value but clearly have some sentimental value. As for putting a hand in the pocket. That was when we went into administration and Bob Pepper did his best to raise money to keep the club afloat. I donated to that also and it wasn't a couple of quid. For that I received a certificate saying I was a life member of the Supporters Club! Likewise, I donated £1k. My name is on a plaque in the club, last time I saw it it was up the flight of stairs by reception. Your name might also be on it (if you donated >£100). Had no idea about that Epsom!! I certainly did donate more than £100 so my name may well be on there. |
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Post by Walton-on-the-Hill Terrier on Jan 7, 2020 11:42:02 GMT 1
Likewise, I donated £1k. My name is on a plaque in the club, last time I saw it it was up the flight of stairs by reception. Your name might also be on it (if you donated >£100). Had no idea about that Epsom!! I certainly did donate more than £100 so my name may well be on there. I recall being told about it by the club. It’s probably in a letter somewhere. I’ve seen it a few times. Next time you’re up go to reception or ask about it or call the club. They’ll let you see it, I’m sure. |
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Post by tockyterrier on Jan 8, 2020 21:41:53 GMT 1
Re finances. The price of football twitter is worth following (and his podcast). 2018 towns average weekly wage was £32k which was the lowest (brighton was £47k and they lost £12m last season. A Wolves fan asked me to calculate the average weekly wage paid by clubs in the Premier League every year since its formation. So here it is in graphical form. #WWFC #YesIHaveNoFriends t.co/Hblbdx4Bjz |
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Post by omegasupreme on Jan 9, 2020 1:03:33 GMT 1
Somebody bank rolled us before the promotion year. I'm not doubting for a second that he loaned us a shed load of money, but the point I'm making is that I've seen no evidence that he's demanded his £50m (if that is the figure) back, as some are arguing as being a fact. He may want his brass back but some folk are alluding to the fact that we're skint as a result, without producing any evidence to back the claims up. Apologies if I’m repeating what has already been said about this, but I 100% remember maybe 5 years ago or so, Dean Hoyle staying that he had put approx 40m into the club and “never wanted a penny of it back”. Can’t blame someone for wanting their money back but it’s a bit disappointing if he’s gone back in this. |
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Post by Headless Chicken on Jan 9, 2020 8:02:46 GMT 1
I'm not doubting for a second that he loaned us a shed load of money, but the point I'm making is that I've seen no evidence that he's demanded his £50m (if that is the figure) back, as some are arguing as being a fact. He may want his brass back but some folk are alluding to the fact that we're skint as a result, without producing any evidence to back the claims up. Apologies if I’m repeating what has already been said about this, but I 100% remember maybe 5 years ago or so, Dean Hoyle staying that he had put approx 40m into the club and “never wanted a penny of it back”. Can’t blame someone for wanting their money back but it’s a bit disappointing if he’s gone back in this. Didn't 'expect' was my recollection, which is very different. |
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Post by tockyterrier on Jan 9, 2020 9:26:09 GMT 1
Apologies if I’m repeating what has already been said about this, but I 100% remember maybe 5 years ago or so, Dean Hoyle staying that he had put approx 40m into the club and “never wanted a penny of it back”. Can’t blame someone for wanting their money back but it’s a bit disappointing if he’s gone back in this. Didn't 'expect' was my recollection, but not certain. He definitely said he wasnt daft enough to expect to see any of it again.. But it was an interest free loan to helo get the club into a financialy viable state. I think the parachute payments plus last 2 years payments justify him getting his money back if he wants it. |
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Post by Deleted on Jan 9, 2020 10:37:28 GMT 1
For anyone savvy with accounts will the current outstanding balance of the Dean's loan be shown as at the date of the accounts ? Also will the total sums paid to Dean during the year be shown ? Yes and yes. The last published accounts, 2017/18, put our net debt to DH at £49m. He had loaned us some money in the summer of 2017 (£15m from memory) to tide us over while the PL cash came in, but that was repayed before the accounts were published. All will be revealed regarding repayments to DH in the HTFC accounts over whatever period it takes place. That cannot be hidden. What the accounts will not show is the detail of the share transaction between DH and PH, as this is private and not an HTAFC Ltd matter. |
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Post by Deleted on Jan 9, 2020 10:47:49 GMT 1
And just for info, again from the accounts, the profit of £23.2m we made in the first PL season (17/18) followed a loss of £21.9 million for the promotion season (16/17).
So we did push the boat out to get promotion...
It will be interesting to see the 18/19 accounts, due in a couple of months. They will not include the Billing/Smith etc monies of course.
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Post by space hardware on Jan 9, 2020 10:55:37 GMT 1
And just for info, again from the accounts, the profit of £23.2m we made in the first PL season (17/18) followed a loss of £21.9 million for the promotion season (16/17). So we did push the boat out to get promotion... It will be interesting to see the 18/19 accounts, due in a couple of months. They will not include the Billing/Smith etc monies of course. Didn't the loss in the promotion season include substantial performance bonuses? |
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Post by Manx Terrier on Jan 9, 2020 11:33:02 GMT 1
For anyone savvy with accounts will the current outstanding balance of the Dean's loan be shown as at the date of the accounts ? Also will the total sums paid to Dean during the year be shown ? Yes and yes. The last published accounts, 2017/18, put our net debt to DH at £49m. He had loaned us some money in the summer of 2017 (£15m from memory) to tide us over while the PL cash came in, but that was repayed before the accounts were published. All will be revealed regarding repayments to DH in the HTFC accounts over whatever period it takes place. That cannot be hidden. What the accounts will not show is the detail of the share transaction between DH and PH, as this is private and not an HTAFC Ltd matter. Thanks a lot for all that info. |
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Post by Frankiesleftpeg on Jan 9, 2020 11:39:26 GMT 1
And just for info, again from the accounts, the profit of £23.2m we made in the first PL season (17/18) followed a loss of £21.9 million for the promotion season (16/17). So we did push the boat out to get promotion... It will be interesting to see the 18/19 accounts, due in a couple of months. They will not include the Billing/Smith etc monies of course. Didn't the loss in the promotion season include substantial performance bonuses? It did. Edit; Brief summary here in Examiner report www.examinerlive.co.uk/sport/football/news/huddersfield-towns-end-year-accounts-14473344 |
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COWSHEDPHIL
Jimmy Glazzard Terrier
Everybody In The Centre Circle!
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Post by COWSHEDPHIL on Jan 9, 2020 15:45:12 GMT 1
Anyone know if the spanking new training ground is in process yet?
(I live In Manchester so wouldn’t ever go that way)
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Post by tockyterrier on Jan 9, 2020 15:56:27 GMT 1
And just for info, again from the accounts, the profit of £23.2m we made in the first PL season (17/18) followed a loss of £21.9 million for the promotion season (16/17). So we did push the boat out to get promotion... It will be interesting to see the 18/19 accounts, due in a couple of months. They will not include the Billing/Smith etc monies of course. Didn't the loss in the promotion season include substantial performance bonuses? Yes. It s roughly 12m wages and 12m bonus payment. Either way. It was a loss to be repaid out of the premier league monies. |
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Post by detox on Jan 9, 2020 16:52:16 GMT 1
I've said this before, and still think it...the £50m (or whatever)is DH rightly paying himself back for what he has achieved at Town,he's quite entitled to it, as most fans on here seem to agree.. But, I don't think that's the end of it because I think PH is just a custodian until DH is ready to come back. DH has topped up his financial resources from his venture so he's ready for another go in a year or 3. He's still only early 50's and will have learned a hell of a lot from his experiences.. PH to me is only a short term venture, Dean is still on the board and I'll bet part of the reason he's repaid himself is so he can have another go... It all makes sense to me anyway...
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Post by Mastercracker on Jan 9, 2020 17:04:50 GMT 1
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Post by Deleted on Jan 9, 2020 17:18:11 GMT 1
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