So, in that case we'll spend a good £20m on top of what we sell and bring is some real humdingers! Hurray!
May already have been posted. I know very little about Puel but this made me hopeful http://www.getfootballnewsfrance.com/2016/ogc-nice-the-alternative-football-success-story/#
If you look at the pound it is rising, that is a good indicator. All the trade guys etc will know the results first of all.
Think he's saying that we've been buying using primarily the money recouped from those sales, and spending little beyond. Now that we have a large windfall inbound for the next three years, it'll be interesting to see whether that pattern continues, or the money goes to pay back Liebherr.
Did someone not post his week that without player sales, we'd have lost money form the last accounts? I don't know if that was true, but if so, let them club be safe with the money.
Know nothing about him apart from what I've read on here....he obviously impresses the board. We have to hope he succeeds, so why not start by giving him the benefit of the doubt. The board has been right before and the fans have been wrong. I'm more concerned we are selling Mane....I would have held on to him and b***** the financial considerations. I hope Les has his eye on some other exciting player.
I hope so. We can't control anything, and the board has shown that it will reinvest all money that comes in from sales, as seen in Koeman's first Summer here. Just have to have faith in something we can't control...
Even if it does start off by going back to lay Liebherr, that's still good financial management. You can't just out one hand over an eye so you don't see that debt.
Not saying Katharina is demanding all the money back now, but Rodgers said at the beginning of last season that he was seeking to reduce our liabilities to KL.
While true, many of those sales involved players Cortese purchased in the oh-my-god-he-will-bankrupt-us-all era, and one of the interesting sidenotes in our books is that we're owed a giant sum on transfers that hasn't been recouped...consequently, we could take a year-to-year loss but have a large long-term credit that'd more than offset.
Sure, if the plan is then to spend at break-even when the club is close to debt-free (and that will not be long, if we don't spend this summer). However, should results take a sharp dip, it would cease to be good financial management; the debt is wholly manageable, so long as we're at this level.
That's great news Schad. I haven't looked at the accounts at all. I just accept that the Board will manage it expertly with half an eye and ear on what our owner wants. If we start to hear lots of money being laid back, or profit/cash being built up in the business, it may even mean we are preparing for a sale. Then we may get some billionaire in who wants to save his cheque book about and that may pacify people who seem upset that they believe we don't spend enough. I just really don't like people moaning about spending more money or saying we must spend more money. My view is that we have no say in that and just have to accept whatever the club decide to spend. It's there money. We've had a phenomenal 7 years and each year he board get some stick. Just grates with me, that's all, which is why I sometimes get a bit ****ty.
Surely those debtors would have already been booked into the accounts? Unless you mean sales made after June 30th(which I believe is our finiancial year end)
I think we are doing fine financially....debts are normal and not a problem as long as you can manage them. And our debts are to the owner...no one pulls the rug from under their own business. In fact, wasn't there a recent report on club management which had Southampton as the only A+ grade for business practices in the EPL. Not the be all and all, but hardly suggests we are going over the cliff. Using our systems we have done well in the league, so not quite sure about the doom and gloom....apart from being annoyed about Mane. As for Puel, has he run off with someone's wife? He's an experienced manager who has impressed the board. We can at east be open-minded about it.
Fair play qwerty. What I said at the time still stands though, that there were. There wouldn't be a lot of point in me making it up would there? I came on asking what people knew and sharing what I knew from my side of the fence, that is all.
There has to be a sense of reality from the board. A club of our size would soon be in big trouble if we don't keep control on the finances, which includes player sales. It is obvious the ethos is based around the academy to make it sustainable in the long term and any appointment needs to buy into that. It is through this route we are more likely to get some sense of player commitment (loyalty if you want to call it that) than buying players. This is long term commitment from the board and seeing as I want my club to be around for my kids, that is fine by me.
