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Post by tockyterrier on Jan 24, 2021 22:06:39 GMT 1
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Post by bluemavis on Jan 24, 2021 22:34:05 GMT 1
Without Mr Ruberry, Mr Davy and Mr Hoyle things would have been very dull....so thank you very much for the memories
Just all part of the roller coaster...
Up and down the Town
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Post by Camel Grabber on Jan 26, 2021 17:49:23 GMT 1
Not town but finance related.
What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley.
Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore.
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Maynardblue
Jimmy Nicholson Terrier
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Post by Maynardblue on Jan 26, 2021 18:34:24 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. Absolute disgrace
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Post by Galpharmer on Jan 26, 2021 18:37:39 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. Still to pay up for one of their own too. Who isn't one of their own when it comes to paying up for him.
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Post by willo on Jan 26, 2021 19:43:16 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. Absolute disgrace I’ve been told Harry Wilson is on £60k pw.
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Post by Headless Chicken on Jan 26, 2021 19:55:03 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. On face value, simply incomprehensible and not only should it be rejected, it should be condemned. This is the sort of shit that gives football a bad name and snooty pompous feckers ammunition to have a go.
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Post by tockyterrier on Jan 26, 2021 20:08:29 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. I hope they tell them F right off. It would be completely unfair on other clubs if they dont
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Post by tockyterrier on Jan 26, 2021 21:46:02 GMT 1
Mr X - Dean Hoyle’s investment took us to the Premier League, true we messed up in that second season, but do you honestly think that we would have got there under Davy? Probably still be in L1 or back in L2. How much "investment" was there? They were mainly acadamy kids and free transfers. It was a very similar promotion as getting to the Premier league was. Good management and team spirit but no where near expected.
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Post by Deleted on Jan 26, 2021 22:10:18 GMT 1
The EFL should loan Cardiff £13m but pay it straight to Nantes.
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Post by leedsroadrob on Feb 4, 2021 22:16:52 GMT 1
Davy took a club in the basement team with 7 players, funded a promotion winning squad then got us into the play-offs in the division above. They both took us up a level. Does anyone know the current status of the 40% stake? Is it owned by Dean Hoyle, HTAFC or on trust by a third party? I’m genuinely interested as I’ve no idea. HTAFC. find-and-update.company-information.service.gov.uk/company/02692479/persons-with-significant-control#Huddersfield Sporting Pride (which is not a Rugby League club) have 20%, HTAFC (ultimately controlled by Phil Hodgkinson) have 40% and Kirklees Council have 40%. There was talk of putting the stadium shares into trust or some 3rd party vehicle to "protect" the stadium from a potentially unscrupulous future HTFC owner, but for whatever reason that never happened and the stadium shareholding continues to be owned by the football club, just the same as the Canalside shareholding is owned by the football club (both of which are ultimately controlled by Phil Hodgkinson). What happened with this? Doesn't the 40/40/20 split effectively stop any HTAFC owner from doing anything too damaging without having to pass the shares into trust?
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Post by ruggedivy on Feb 12, 2021 11:39:55 GMT 1
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Post by turbo2 on Feb 12, 2021 12:09:21 GMT 1
Great find that. Really super stuff from Plymouth. I’d love town to follow this example. Unfortunately due to NDAs set in place we’ll never find out the truth of our financial situation. And that simply leads to hear say and speculation which then leads to divisions in the fan base.
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crux
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Post by crux on Feb 12, 2021 18:25:49 GMT 1
Great find that. Really super stuff from Plymouth. I’d love town to follow this example. Unfortunately due to NDAs set in place we’ll never find out the truth of our financial situation. And that simply leads to hear say and speculation which then leads to divisions in the fan base. The problem the club have, is that no matter what they say or do it will be picked upon and dissected to the nth degree and the contents (or lack of contents) will be used to support already held views by supporters. The club accounts are usually published and available to view, although I believe there has been a change in the accounting period which has delayed the financial year end and therefore the accounts. The one thing everybody is really interested in would not be included in the accounts anyway, the price and terms of the purchase of the club by PH from DH. When the accounts are available to view, it may end some of the arguments over "where has all the money gone", as it should show the income and expenditure over the last season or so. It may give an explanation why we haven't looked to spend "a few million" on a striker. But even when the figures are there in black and white, already held views and positions are unlikely to change. It's been bloody awful on the field but it's been a strange 2 years off the field being a Town fan. Dean Hoyle's status has gone from "Messiah" to more of a "Naughty Boy" with the very quick repayment of his £45M+ loans. Ken Davy doesn't look quite as evil asking for £2M in return for the shares in the ground, when you find out it was the repayment of his loan to the club that made up the £2M and not a massive profit on the shares. Phil Hodgkinson appears to have got the major decisions right so far on the Manager/Coach side and is having to navigate through a massive transition in the clubs finances following relegation. Then along comes the pandemic to further impact the club and no doubt his own business, which affects any plans that were in place to take the club forward. But yet he is subject to quite a lot of abuse - obviously magnified compared to previous incumbents due to the prevalence of (un)social media nowadays. I get that some of stick he is getting is over the transfer activity (or lack of in the case of a striker), but most of it appears to be about who he is and how he is supposed to be behaving. I don't know him, have never met him and have no 'in the know' contacts, so my view is based on his public statements and appearances. He seems to be a very confident, some might say arrogant, person - but he's a successful businessman so I'd expect that as a minimum. He claimed to be at the 10-1 Man City game, but later retracted the claim - well if everybody who claimed to be there had gone, there'd have been no room for Man City fans **. He also appears to have had a bit of a Twitter meltdown once, probably not helped by alcohol, but he's learnt his lesson and doesn't engage with the fans this way now. He even got stick when the guy from Burnley gave backword on the Chief Exec role when Burnley offered him their Chief Exec role when it unexpectedly became vacant. Mind you he might want to get out of Burnley now that their leveraged takeover deal has turned them from a cash rich club into a club with a massive debt. Hopefully the summer bring better news all round. We stay up, the massive wages will have gone from the club and the pandemic restrictions will be lifted enough to see a brighter future. That would be the first time the club could properly engage in any sort of dialogue with the fans. ** I was actually there that day and at the time was relieved I'd stopped working at Tameside General Hospital in Ashton-U-Lyne earlier in the year to return to work in Huddersfield, due to the stick I would have got at work. However a few days after the game a large envelope arrived at work for me. Inside was a large section off the 132 character wide computer print out paper with all the pictures of the goals from the match cut out from the Manchester Evening News. They had to buy 2 copies of the paper as there were so many pictures they were on both sides of the sheets,
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Post by portugalterrier on Feb 19, 2021 23:38:01 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. The 100million loan deal from Government, which 14 championship clubs are desperate for had been put on hold as Treasury demand that clubs cease paying win/ goal/ contract increases and also put forward schemes for PAYE deferment payments. If this isn’t resolved upto 14 championship clubs could be looking at administration by the end of March.
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Post by Headless Chicken on Feb 20, 2021 9:31:45 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. The 100million loan deal from Government, which 14 championship clubs are desperate for had been put on hold as Treasury demand that clubs cease paying win/ goal/ contract increases and also put forward schemes for PAYE deferment payments. If this isn’t resolved upto 14 championship clubs could be looking at administration by the end of March. Too right, on face value.
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Post by kennyk2 on Feb 20, 2021 9:47:30 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. The 100million loan deal from Government, which 14 championship clubs are desperate for had been put on hold as Treasury demand that clubs cease paying win/ goal/ contract increases and also put forward schemes for PAYE deferment payments. If this isn’t resolved upto 14 championship clubs could be looking at administration by the end of March. Wow! League 1 is going to be a right scrap next year.
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Post by Farsley Terrier (UK product) on Feb 20, 2021 9:51:03 GMT 1
are we one of the 14?
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Post by HuddsTerrier on Feb 20, 2021 10:05:05 GMT 1
So the 14 clubs will have to back down to government demands to secure the loan
Sounds like there’s a deal that will get done but the football clubs may have to accept a solution that isn’t ideal
A deal that isn’t perfect is still far better for the owners than admin and basically losing their assets. Meanwhile players will have to pick between relegation and likely relegation related pay cuts next year or losing a few performance related bonuses for the last ten games of this season. Both clubs and players will back down and the loan will be granted IMO, the alternative is admin by the sounds of it so they’re over a barrel
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Post by portugalterrier on Feb 20, 2021 10:35:51 GMT 1
This won’t be sorted by government loans, apparently a majority of clubs have used the PAYE/VAT deferment for most of this year, this ends 31st March, then HMRC come for their money.
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Post by HuddsTerrier on Feb 20, 2021 12:04:40 GMT 1
This won’t be sorted by government loans, apparently a majority of clubs have used the PAYE/VAT deferment for most of this year, this ends 31st March, then HMRC come for their money. That certainly changes things but I guess it depends how long the tax man will give - ie are they at final summons on 1st April or merely late and a process starts then Crazy that clubs are spending transfer money like they have given there’s a tax bill situation brewing up. Although it wouldn’t surprise me as business logic doesn’t apply to football clubs!
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Post by Deleted on Feb 20, 2021 12:43:58 GMT 1
Clubs from top to bottom of the game are struggling.
Swindon Town announced this week they've basically no idea how they're going to pay players after February.
Barcelona failed to pay players completely (they pay them twice a year only, in June and December) - they have €700m of 'urgently repayable' debt they have to pay within weeks, on top of €130m+ owed to other clubs by June.
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Post by detox on Feb 20, 2021 12:45:56 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. The 100million loan deal from Government, which 14 championship clubs are desperate for had been put on hold as Treasury demand that clubs cease paying win/ goal/ contract increases and also put forward schemes for PAYE deferment payments. If this isn’t resolved upto 14 championship clubs could be looking at administration by the end of March. Nothing that Town will be worried about there...it's almost as if ........
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Post by Deleted on Feb 20, 2021 14:17:04 GMT 1
Not town but finance related. What about the cheek of Cardiff? Asking EFL for help financially, yet just sacked the manager and bought Ng from Crewe and Watters from Crawley. Not to mention 2m loan fee for Harry Wilson and 2m for Keiffer Moore. The 100million loan deal from Government, which 14 championship clubs are desperate for had been put on hold as Treasury demand that clubs cease paying win/ goal/ contract increases and also put forward schemes for PAYE deferment payments. If this isn’t resolved upto 14 championship clubs could be looking at administration by the end of March. Unfortunately they *can't* do that can they? Don't pay your football debts and you lose your football league share.
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crux
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Post by crux on Feb 20, 2021 14:22:43 GMT 1
The 100million loan deal from Government, which 14 championship clubs are desperate for had been put on hold as Treasury demand that clubs cease paying win/ goal/ contract increases and also put forward schemes for PAYE deferment payments. If this isn’t resolved upto 14 championship clubs could be looking at administration by the end of March. Unfortunately they *can't* do that can they? Don't pay your football debts and you lose your football league share. They can stop future contract changes, or new contracts as terms of the loan. Not sure about existing contract terms. Tbf if a club needs a loan and is already deferring PAYE and VAT payments, the last thing it should be doing is paying transfer fees or new contracts.
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Post by ilsonterrier on Feb 20, 2021 19:47:42 GMT 1
How long will it be before a club puts forward the idea of relaxing the Financial Fair Play rules due to COVID-19? I just can't see how some clubs are going to come in within the £39m loss over 3 years, bearing in mind that many of them were running it close already.
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Post by softboy on Feb 21, 2021 12:50:50 GMT 1
Personally I think if any club now goes into Administration now they can justifiably claim Covid as the reason and potentially avoid a points deduction. As for FFP the rules could be relaxed but the debt wont go away.
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Post by Headless Chicken on Feb 21, 2021 13:42:28 GMT 1
Personally I think if any club now goes into Administration now they can justifiably claim Covid as the reason and potentially avoid a points deduction. As for FFP the rules could be relaxed but the debt wont go away. Agree, as a rule, but some of these probably carried on somewhat recklessly (e.g. overspending in Jan on new players or not calling expensive loans off) or were always teetering on the brink. As such, I don't think there should be a blanket waiver.
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Post by Frankiesleftpeg on Feb 21, 2021 13:53:08 GMT 1
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Post by ilsonterrier on Feb 21, 2021 15:50:01 GMT 1
Didn't realise that. Clubs should be starting to release their 2019-20 figures fairly soon - there will be some impact for last year but obviously this season has a far greater effect. It doesn't say anything about the £39m figure being disregarded, so it will be interesting to see how some clubs fare for last year. Will there be a temptation to put more costs through as COVID-19 related so they can be ignored for FFP purposes (or am I being cynical)?
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