Serious takeover talk

Mods, ban this nacker. Posters like mittens are the reason so many of use long time posters on rtg came here.

 

See, I kinda see where you are with this, but the Close Brothers money, and the money to Short is effectively the same thing.

The money paid to Short isn’t the clubs money, it’s Shorts.

The £32 million costs aren’t Shorts.

I think in reality we will need to see the year end books won’t we. But money is being counted twice (to Short, and Close brothers).

 

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Who has been using you mate?

 

People have questions. It's fine

 

No not counting it twice.

If they took out a 12m loan and used 6.6m to pay off Short, they then (theoretically, keeping it simple) sent back the remaining £5.4m along with £6.6m from the club's parachute payments as repayment.

That would mean the club is now owed £6.6m by Madrox for the portion of had to cover, make sense?

 

Good god, you're boring and poisonous.

 

Fair enough. I've been nice to everyone and explained what others have asked. I am concerned for the club, it is strange how any kind of rational, fact based discussion is shot down as being somehow verboeten. I only want to see us get out of League One and to make sure that the club is in the best possible financial position. If that's not allowed, I don't know what to say.

I will genuinely stop posilting here for now, let's see how the next few weeks and months go.

 

What number are you speculating Short received, regardless of where from, for the club?

 

£12.6m total from Donald directly (much of which has now been paid by the club) and £25m of his debt to SBC that has now been paid by the club, most of which is owed back in by Madrox.



That's the genuine last one. I cant answer any more or the thick lads get angry that nobody is posting about board meetings and speculating what sandwiches they're eating.

 

So "posilting" means gan on and on and on and. . .

 

How long is KM going to be allowed to use this board to publicise his anti SD rhetoric?

 

Don’t worry about them, I’m speaking to you mate.

So we are basing it on a £37.6 million sale price.

What were the clubs TOTAL costs ( we will exclude transfers in and out for simplicity as we agree they will have been almost neutral), so wages, academy, staff, policing, travel and accommodation, website etc.

Clubs total cost? This number is vital in all this.

(For simplicity we will just say, to keep it easy, the parachute payment neutralises Ellis, based on your numbers)

 

To be fair, I’m asking him.

 

Me gran once said every time I touched myself God killed a kitten.

Going to have a massive PBW tonight and hope for the best.

 

I only know what Methven said, which is £32m. We're going over the same ground, some of the weirdos here aren't going to like it. It has numbers in it and everything...

 

Ok cool. So £32 million of costs.

So, we’ve got £32 million costs, and £37.6million to Ellis, right? So £69 million effectively going out of the club.

We had £35 million parachute.
And reportedly around £22 million other revenue.

That’s £57 million.

So, we were about £3million under break even.

So, the income was £12 million UNDER all outgoings, including purchase price.

Who paid that? Oh, the loan from Chase, which tallys almost exactly.

But that’s now been paid off hasn’t it?

Are we there yet? How’s it been paid if there was no more income? Stu’s £5 million + Sartori’s £3million leave us £3-4 million Short.

Exactly as Charlie reported, funnily enough.

 

You said that ages ago and you have still waffled on and on.

 

Ah I now understand what you're getting at.

37.6m to ES
32m operating costs


34m parachute payments
9.6m from 2017-18 parachute payments (see Madrox accounts on companies house)
22m revenue

Make more sense now?

 

I'll go now before one of these genuine mouth breathers has a fit. I should just say though, that all I want is the best for the club. I don't have a vendetta against CM or SD (hi Charlie btw). I think they aren't the worst owners in the world. If they make good on this and pay back their debts, I will wish them as much profit as possible from this endeavour. For us, it's more than just a business though.

Tatty bye.