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Post by bogart on Jul 18, 2020 12:33:15 GMT 1
I don’t expect we will have the budget to compete at the top end next year Just as a matter of interest, other than the Clubs coming down, which are the Clubs that you think will have a budget to compete at the top? Maybe those who flaunt the joke FFP rules. Not sure how much parachute money we will get and when we get it.
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mallyb
Darren Bullock Terrier
Posts: 909
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Post by mallyb on Jul 18, 2020 12:58:52 GMT 1
Burnley don’t see themselves as a little club like some of our fans do. They are no bigger but their fans, their local radio and the local press all see them in the same way derby, palace, Norwich fans see themselves. Too many of our fans and commentators see us like An Oldham or Wycombe it has to stop You’re not comparing apples with apples there though. Both Burnley and Norwich have had multiple seasons in the PL and both have played in Europe. The expectations are higher and more of their fans will feel entitled to be in the top league. Before last night there was a lot of people on here expecting League One football. Im from Burnley and was around when they nearly went out of the league. They still had that big club mentality. I am sick of listening to fans who would rather watch us in the conference and before we finish this season are already planning next seasons relegation battle!!!! No ambition. It’s not about being realistic, these are the people that argued for jan to have more time when it was patently obvious he was out of his depth. These people are a cancer in the support and to ambition. We should expect to be competing, Cowleys recruitment has been pretty great , he got players away and brought in players that helped. They did it at Lincoln and they will do it again here.
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mallyb
Darren Bullock Terrier
Posts: 909
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Post by mallyb on Jul 18, 2020 13:07:55 GMT 1
Is my question too difficult for you? To repeat, other than the Clubs coming down, which are the Clubs that you think will have a budget to compete at the top? Every club without a £30m debt to the bank and a £45m repayment schedule to a former owner is who Where is the extra money coming from in your eyes? Why do we owe the bank £30million?and Dean, why is all that due now? The world has changed Dean, not going to get your money back now as soon as you thought, feel free to send the club inti administration if you are not happy with this. The crap players you bought as part of you buy young to sell for a huge profit that failed spectacularly is coming home to roost. We Were planning to sell for a huge loss to get them off the wage bill but we are stuck with them now, we are also not getting all the revenue you said we would when we bought so things change. I know you will understand, Phill The letter rights itself
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Post by HuddsTerrier on Jul 18, 2020 14:18:49 GMT 1
Every club without a £30m debt to the bank and a £45m repayment schedule to a former owner is who Where is the extra money coming from in your eyes? Why do we owe the bank £30million?and Dean, why is all that due now? The world has changed Dean, not going to get your money back now as soon as you thought, feel free to send the club inti administration if you are not happy with this. The crap players you bought as part of you buy young to sell for a huge profit that failed spectacularly is coming home to roost. We Were planning to sell for a huge loss to get them off the wage bill but we are stuck with them now, we are also not getting all the revenue you said we would when we bought so things change. I know you will understand, Phill The letter rights itself So we go into admin then spend heavily on millionaire footballers using what money? If you go into admin the parachute money will be picked apart by creditors and we’ll still have to honour the football debts or get kicked out of the football league Or we tell the bank to forget the £30m and hope they’ll be okay with that? DH may write off millions, a bank won’t We bet the house in 2018 and lost I expect next year we’lll run a small budget and break even or lose a small amount I agree after the PL years it should be different but we spent £70m on players worth about £5m in today’s market We made bad investments and the PL money is gone.
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Post by bluestripe on Jul 18, 2020 14:28:01 GMT 1
Every club without a £30m debt to the bank and a £45m repayment schedule to a former owner is who Where is the extra money coming from in your eyes? Why do we owe the bank £30million?and Dean, why is all that due now? The world has changed Dean, not going to get your money back now as soon as you thought, feel free to send the club inti administration if you are not happy with this. The crap players you bought as part of you buy young to sell for a huge profit that failed spectacularly is coming home to roost. We Were planning to sell for a huge loss to get them off the wage bill but we are stuck with them now, we are also not getting all the revenue you said we would when we bought so things change. I know you will understand, Phill The letter rights itself Why? Was it the wrong way round? 😀
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Post by allan 1958 (OAF-WROY)(SSLFF) on Jul 18, 2020 14:41:54 GMT 1
I don’t expect we will have the budget to compete at the top end next year Just as a matter of interest, other than the Clubs coming down, which are the Clubs that you think will have a budget to compete at the top? Now then that’s a tougher question than it sounds All those with parachute payments Attendances mean nowt for the next year they will all be well down Those who are financially strong and unencumbered I think we tick all of those boxes provided, as I believe he will, dean is pragmatic and still a fan!
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Post by Captainslapper on Jul 18, 2020 15:42:39 GMT 1
Is my question too difficult for you? To repeat, other than the Clubs coming down, which are the Clubs that you think will have a budget to compete at the top? Every club without a £30m debt to the bank and a £45m repayment schedule to a former owner is who Where is the extra money coming from in your eyes? I dont know the structure of that £30m debt to the banks. I doubt there are many clubs in this division who arent hugely in debt. Which players are out of contract this summer? Im hoping one of them is Mounie and we can get shut of him. Hes been here 3 seasons so is that it? . That will free up a good chunk of wage bill that the Cowleys can use.
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Post by reverendstarbuck on Jul 18, 2020 15:44:34 GMT 1
We definitely aren't 'little old town' as you rightly point out. But we ain't a big fish and we never have been, apart from a handful of years when God was a boy. But neither are Burnley and they're making a fist of it. So why shouldn't we? UTMT I still see us as a big fish in the Championship pond. Maybe this what the OP meant. On what basis??
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Post by HuddsTerrier on Jul 18, 2020 16:24:48 GMT 1
Every club without a £30m debt to the bank and a £45m repayment schedule to a former owner is who Where is the extra money coming from in your eyes? I dont know the structure of that £30m debt to the banks. I doubt there are many clubs in this division who arent hugely in debt. Which players are out of contract this summer? Im hoping one of them is Mounie and we can get shut of him. Hes been here 3 seasons so is that it? . That will free up a good chunk of wage bill that the Cowleys can use. I think that’s the £30m question however my understanding is it’s borrowed against the parachute payments - this is a significant loan so you’d assume the bank will have ensured their money is protected DH will probably take a haircut on his debt but the bank won’t be charitable I think the out of contract players are Coleman, kachunga, quaner, schofield and duhaney Mounie has an extra year www.htafc.com/news/2017/july/transfer-steve-mounie-signs-for-town/
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Post by Captainslapper on Jul 18, 2020 16:44:46 GMT 1
Yeah bad news on Mounie. If we could get someone to take him on a free then we should.. free up a lot of wages. Im sure we could bring in some big lump from non league who would win flick ons if thats the sort of player we need for a fraction of the cost.
You could be right about the £30m bank debt. Might be partly secured by incoming fees for Billing, Mooy, zanka aswell.
But i doubt a £30m debt to the banks is regarded as being particularly high in this division ( possibly even seen as quite low )
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mallyb
Darren Bullock Terrier
Posts: 909
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Post by mallyb on Jul 18, 2020 17:27:48 GMT 1
Why do we owe the bank £30million?and Dean, why is all that due now? The world has changed Dean, not going to get your money back now as soon as you thought, feel free to send the club inti administration if you are not happy with this. The crap players you bought as part of you buy young to sell for a huge profit that failed spectacularly is coming home to roost. We Were planning to sell for a huge loss to get them off the wage bill but we are stuck with them now, we are also not getting all the revenue you said we would when we bought so things change. I know you will understand, Phill The letter rights itself So we go into admin then spend heavily on millionaire footballers using what money? If you go into admin the parachute money will be picked apart by creditors and we’ll still have to honour the football debts or get kicked out of the football league Or we tell the bank to forget the £30m and hope they’ll be okay with that? DH may write off millions, a bank won’t We bet the house in 2018 and lost I expect next year we’lll run a small budget and break even or lose a small amount I agree after the PL years it should be different but we spent £70m on players worth about £5m in today’s market We made bad investments and the PL money is gone. A few times you have been unable to answer a question so I’ll ask again. Why do we owe the bank £30million. We owe dean because there was no bank loan. Phil has made it clear time and again that there will be money to invest. There was no money in January and we brought in 5 players. Stop with your negativity, there will be enough to move us forward. If we are better next year than this then it’s too 10 as cowboys ppg would have us 13th with this squad
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mallyb
Darren Bullock Terrier
Posts: 909
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Post by mallyb on Jul 18, 2020 17:39:52 GMT 1
Why do we owe the bank £30million?and Dean, why is all that due now? The world has changed Dean, not going to get your money back now as soon as you thought, feel free to send the club inti administration if you are not happy with this. The crap players you bought as part of you buy young to sell for a huge profit that failed spectacularly is coming home to roost. We Were planning to sell for a huge loss to get them off the wage bill but we are stuck with them now, we are also not getting all the revenue you said we would when we bought so things change. I know you will understand, Phill The letter rights itself So we go into admin then spend heavily on millionaire footballers using what money? If you go into admin the parachute money will be picked apart by creditors and we’ll still have to honour the football debts or get kicked out of the football league Or we tell the bank to forget the £30m and hope they’ll be okay with that? DH may write off millions, a bank won’t We bet the house in 2018 and lost I expect next year we’lll run a small budget and break even or lose a small amount I agree after the PL years it should be different but we spent £70m on players worth about £5m in today’s market We made bad investments and the PL money is gone. Really dangerous to go on a message board spouting about what you know and understand when you know and understand very little. Other than football debts all debts are treated equally in admin. So the bank takes 20p on the £ like everyone else or they get nothing. Not that we owe the bank the £30 million you keep banging on about. Think you are mixing figures from different places and counting the debt in several places and not account for Menes we have coming in for players we sold in the last few years.
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Post by HuddsTerrier on Jul 18, 2020 17:55:55 GMT 1
So we go into admin then spend heavily on millionaire footballers using what money? If you go into admin the parachute money will be picked apart by creditors and we’ll still have to honour the football debts or get kicked out of the football league Or we tell the bank to forget the £30m and hope they’ll be okay with that? DH may write off millions, a bank won’t We bet the house in 2018 and lost I expect next year we’lll run a small budget and break even or lose a small amount I agree after the PL years it should be different but we spent £70m on players worth about £5m in today’s market We made bad investments and the PL money is gone. Really dangerous to go on a message board spouting about what you know and understand when you know and understand very little. Other than football debts all debts are treated equally in admin. So the bank takes 20p on the £ like everyone else or they get nothing. Not that we owe the bank the £30 million you keep banging on about. Think you are mixing figures from different places and counting the debt in several places and not account for Menes we have coming in for players we sold in the last few years. As per our last accounts We had a debt reschedule of £35m to DH We also have a £31m loan. Verbatim from the YP “ In addition, a further £31m loan was taken out by the club to be repaid in full “within one and two years”, the figures also revealed. This is expected to be covered by Huddersfield’s parachute payment for 2020-21.” www.google.co.uk/amp/s/www.yorkshirepost.co.uk/sport/football/huddersfield-town-confirm-dean-hoyle-owed-ps35m-accounts-revealed-2519851%3fampSince then we’ve had the parachute money reduced because of Covid You expect the club to go on a spending spree if you like but I’m expecting we’ll be running a more modest budget this summer
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Post by portugalterrier on Jul 18, 2020 17:58:37 GMT 1
So we go into admin then spend heavily on millionaire footballers using what money? If you go into admin the parachute money will be picked apart by creditors and we’ll still have to honour the football debts or get kicked out of the football league Or we tell the bank to forget the £30m and hope they’ll be okay with that? DH may write off millions, a bank won’t We bet the house in 2018 and lost I expect next year we’lll run a small budget and break even or lose a small amount I agree after the PL years it should be different but we spent £70m on players worth about £5m in today’s market We made bad investments and the PL money is gone. Really dangerous to go on a message board spouting about what you know and understand when you know and understand very little. Other than football debts all debts are treated equally in admin. So the bank takes 20p on the £ like everyone else or they get nothing. Not that we owe the bank the £30 million you keep banging on about. Think you are mixing figures from different places and counting the debt in several places and not account for Menes we have coming in for players we sold in the last few years. In the accounts to June 2019, bank debt was £30 million, probably secured against the 2019/20 parachute money, Dean still had £4 million outstanding from his first instalment due, the club had paid him early £11 million. That is my recollection of the position, anybody remember differently .
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Post by turbo2 on Jul 18, 2020 18:01:56 GMT 1
Really dangerous to go on a message board spouting about what you know and understand when you know and understand very little. Other than football debts all debts are treated equally in admin. So the bank takes 20p on the £ like everyone else or they get nothing. Not that we owe the bank the £30 million you keep banging on about. Think you are mixing figures from different places and counting the debt in several places and not account for Menes we have coming in for players we sold in the last few years. In the accounts to June 2019, bank debt was £30 million, probably secured against the 2019/20 parachute money, Dean still had £4 million outstanding from his first instalment due, the club had paid him early £11 million. That is my recollection of the position, anybody remember differently . Doesn’t make good reading.
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Post by portugalterrier on Jul 18, 2020 18:05:30 GMT 1
In the accounts to June 2019, bank debt was £30 million, probably secured against the 2019/20 parachute money, Dean still had £4 million outstanding from his first instalment due, the club had paid him early £11 million. That is my recollection of the position, anybody remember differently . Doesn’t make good reading. It could be better if Dean was prepared to write of some or all of his loans or at least extend the repayment terms for at least 10 years.
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