I don't want to damped your spirits, but it seems TF will not sack him! it's all about ££££££'s TF has made a big cock up with that tosser and he can't back track! all his eggs are in one basket! and MH knows this, so it's adios premier league!....Bye, Bye!
eddie, if you are right and if MH turns this mess around and gets the players playing for the Badge and the fans, and if we start winning, and if we climb the table to safety and if we survive, then MH will eventually become a QPR legend. There area lot of 'ifs' there!!
FFS! Does no one know simple economics? We stick with Hughes get relegated and lose £150m+. We sack the twat and it costs us £20m but stay in the Prem. Therefore it is worth £130m to dump the ****.
Northy it's all about £££'s I can't see TF spunking all that dosh, I really can't! he ain't got the bottle to sack him, that's a fact! I hope I'm wrong but somehow I don't think I'am. I don't think TF has got that much dosh to throw away, the mittals are just waiting in the wings! watch this space!
Only if we survive otherwise its an additional £20million gone on our way to becoming another Portsmouth.
Good job you arent a bank manager, so you think he will save £5m on sacking Hughes and then miss out on £70m per year? He cant afford not to sack him.
you could be spot on there....the owners would have sacked him weeks ago if they were able to.....unless they can work a deal to sparkeys satisfaction and his back room staff that will want to go with him then he is staying put.....Its in the owners court, they can either pay up or accept the fact you are stuck with sparkey until his contract runs out.....
If he keeps MH then he will have to give him more money in January to try and keep us up for the big payout next season.Dont envy TF and the shareholders knowing that they have got to shell out more to someone who has already wasted millions on s**t players.Still Hey ho,wonder how that w***er boswinga will like going to Barnsley etc etc next year.
I can't quite see that when you look at this page. Someone who knows business can correct me if they wish. However when a company buys 200 planes (half way down, para starting "2011 was a momentous year for AirAsia"), I can't see Tony and crew not having the money to sack Hughes & Co. Can't be bothered to do all the conversions but the Malaysian arm alone is about £60m as far as I can see. I am not a businessman. Someone who understands accounting may inform us it is all smoke and mirrors and Monopoly money!! http://www.asiatraveltips.com/news12/232-AirAsia.shtml
Even though the decision to sack MH looks like an easy one from a football perspective, I just don't think it is from a financial point of view. I reckon the club is losing money even with the EPL money so do we slip further in the red to turn this around? What happens if it doesn't come off, which is looking like the more likely scenario now? Anyone trading in the stock market will know, it's called averaging down. Can be a foolish risk. TF may have left it too late.
The telling figure is at the bottom, the net gearing ratio. This shows how much of the firm's investment is funded by borrowing rather than equity (shareholder) funds. All companies fund long term investment by long term borrowing - if they didn't shareholders would suffer through low/non existent dividends. Just like taking out a mortgage, with even scarier figures. The Air Asia figure is high in general terms, but actually just below average for the airline industry where capital investment is huge (aeroplanes are very expensive). I'm not an accountant, but Tony is (used to be very senior in Virgin finance, on close terms with Branson), one of the things which reassures me about the club's financing - he understands this ****. Also reassuring that his personal wealth increased by well over $100m from 2011 to 2012, according to Forbes. Unfortunately this isn't cash he can spend on us, but the value of all of his assets (over $600m in total). All right everyone, you can wake up again now.
