What I have said, and you tend to have missed the point again (A bit like norwich's season) is as far as debt goes its the best kind, Marcus Evans basically owes himself money, so he won't bankrupt us. Its never perfect, but I would much rather have that then the position you guys were in only 4 years ago.
This is a ridiculous comment, who do you think is going to be the ones paying it off? Who do you think will have trouble selling to any other investors? Who do you think will be skint for the next 20 years? It will be yourselves. I'd much rather have the position we are in now.
well obviously! I'm not, and never have said its a fantastic position to be in, all i'm saying is you lot are ****ing yourselves silly over a paper figure which doesn't tell the whole story. anyhow back to the thread, you could do a lot worse than Oscar Garcia, good brand of football, solid but easy on the eye . and apparently Malky is favourite for WBA.
Yep the merry-go-round is in full swing. Mackay could go there and be out by the end of September then come here as we will have sacked our new appointment by then and so by Christmas West Brom could be with Lambert and we could be looking at some other Muppet. In all seriousness, this has all got to stop!! Sherwood is out (having got Spurs into the Europa league) and they weren't going to get any higher were they? Sam is rumoured to be out soon having done well at least in terms of results. Poyet is linked to them and so he will be out of Sunderland after a terrific Houdini act, PL looks to be rocky at Villa having done as well as he could with no money, it is madness. Stop the bus.
Carrabuh is correct, that's not how it works. Unless it is an interest free loan (see Delia's which we paid off), debt is expensive and requires servicing. It's quite clear that loading Ipswich with debt by Evans has given him an excellent rate or return and with interest rates so low is a brilliant investment. However, it means that Ipswich as a club have no money to spend because any profits are being hived off as interest to Evans. However, the moment the balance goes, the debt stops being service safely, Evans may well want to get out of it. The trouble is, the size of the debt burden means that in order for Evans to be prepared to sell, he would want that entire debt paid off, which would be prohibitively expensive for many purchasers. In fact, depending on the cost to Evans, because it is internal debt, he's far more likely to put the company into administration than, say, another club that Ipwsich owes money to, because the latter have an interest in keeping Ipwswich running (they are more likely to get paid the whole of what they are owed, even if significantly delayed), whereas to Evans it is meaningless - he is unlikely to get his investment back in that situation anyway. Much like HMRC are the most likely debtor to put companies into administration - it doesn't matter to them as much. Of course, it is highly unlikely that Evans would allow that drastic situation, but all of this means that the status quo is likely to be maintained. Evans is hardly going to want to pump more debt in and has every interest in maintaining his investment given its returns. This means Evans wins, the Ipswich staff get paid, but the supporters miss out because the club's owner has no reason to be ambitious. Ambition for him, in fact, may well be prohibitively reckless. Better to stick with his cash cow as it is.
Oh well, if it's Malky, then so be it. I've a feeling he may go to WBA and we get someone whom we haven't even considered.
Which is basically what i'm saying. Until that changes then we will keep rolling on, and like most clubs in the championship now will rely on freebies and hopefully youth players coming through and balancing the books to some degree with the odd big sale.
It was more your comment about the debt being the "best kind", which I'm not convinced it is by a long shot. Seems a bit of a shame that a club with Ipswich's history would be content to trundle in the Championship, relying on freebies, etc, rather than having some ambition. Unfortunately, successful football clubs are not really run like proper, profit-making businesses.
Every investment above ISA level is likely to be partly aimed for tax efficiency Barlow's was something further along...
In all fairness, Gary Barlow probably pays more tax in 1 year than any normal working guy does in their whole life. we would all do it if we were lucky enough to be in his position.
Hi bors, Town did have a financial problem this year meeting players' wages and paying creditors so to quote Guru's earlier mocking thread, we paid £8.5m for a striker which we could afford without breaking our bank. Would not MM love to manage a club in that position rather than manage a club whose main shareholder lacks the ambition to provide funds to attempt promotion to the PL. MM is happy to manage at Ipswich as he knows there is no pressure on him to gain promotion. That is the difference between our two clubs, our directors are ambitious whereas ME and his appointed yes men are happy to spend 13 more years in the Championship. We are looking for promotion, your club are hoping for it. By the way, it will be nice to renew our rivalry this coming season, so our relegation is not a total loss.
No we wouldn't Guru. It is sickening that the really big earners think they have a God given right to pay nothing - the NHS guy today is another classic example. If everyone paid their whack then it would be a much happier country. These a*seholes just exacerbate the great divide between the haves and have nots and the country as a whole is the worse for it.
