Just being Pragmatic

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Might be totally off but is administration am option when the money is owed to Short?

I can't see how we are losing £3m a week.
I know the debt is large and we have high interest loans but we've slashed the wage bill and brought in huge revenue with prem income and the sale of Pickford.

We should be better off financially right now than we were at the end of last season
 
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DAPARKERSAFC said:
Might be totally off but is administration am option when the money is owed to Short?

I can't see how we are losing £3m a week.
I know the debt is large and we have high interest loans but we've slashed the wage bill and brought in huge revenue with prem income and the sale of Pickford.

We should be better off financially right now than we were at the end of last season
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Figures aren't released until the end of the following financial year so for everyone on the outside there's a lot of guesswork.

+
Parachute payments
Wage bill cut
Player sales in the summer
Loans are to the owner (I think?)

-
Staggered payments out - you are still paying for players
Staggered payments in - so the figures in the summer aren't immediately helpful
Wage bill still pretty meaty especially loan players you are covering and the likes of Rodwell
Income from league much less
Featured matches minimal so millions less that previous years


I also don't see how you would be losing £3m a week, seems unlikely to me. £3m a month perhaps.
If you can survive and hold out until the summer financially then the wage bill will be cut much more and hopefully some money brought in from sales.
 
DEREK ROY HENDERSON said:
Could it be, he is waiting to recoup and pocket money from the out on loan players, i.e. Borini, Khazri etc. Seems they are getting rave notices from abroad.
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Borini's fee doesn't even cover Rodwell's wages fella. Don't know how much you think we'll raise from them but they won't even come close to covering this seasons losses sadly.
 
DEREK ROY HENDERSON said:
According to the press we have over £50million worth out on loan, which is quite a bit to anyone.
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50m million we've spent on them, not how much they're worth. Look at Borini. we paid at least 10m. the set fee to sell is 5.5m. even if we could get 50m for them which we won't, not anywhere near, we lose waaaaaaaaaaaaay more than 50m this season. Well be very lucky to get 20m from those players.
 
My understanding is that administration entered into before the 4th Thursday in March means penalty points are limited to this season. This would give 6 games for the powers in charge to work out whether relegation is a sure thing or whether to role the dice on survival (IF finances are as bad as some are suggesting). This means:

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Brian Storm said:
50m million we've spent on them, not how much they're worth. Look at Borini. we paid at least 10m. the set fee to sell is 5.5m. even if we could get 50m for them which we won't, not anywhere near, we lose waaaaaaaaaaaaay more than 50m this season. Well be very lucky to get 20m from those players.
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I don't see anyway out looking at other clubs it has happened to. Shorts gonna take his cash back and let the club flip with the debt.
You had him nailed all along Bri.
 
flandersmackem said:
But with our season going from bad to worse, at what point do you reckon Short will put the club into administration ?

What we can't do is start next season in league one facing a 10 point education thats for sure.

Allegedly we are losing around 3m a week, that cannot go on much longer and with games now running out, plus we simply can't win games, maybe Short should do this sooner rather than later. Just a thought.

With luck, we start next season with a clean slate and pray god new owners.
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I wonder what Peter Reid & Niall Quinn think of what's happened!
 
What about shares ? how much would they raise, what about huge concerts at the SOL, he better do something. There should have been a point when we went say £30m in debt and changed things.
 
Burly Hurley said:
After administration and points deduction I csn see is slipping down again into League 2.

At that point, if not before, someone surely has to turn round, take a look at the facilities and potential and say that's well worth a punt.

Until then I don't think we're gonna see a single penny of investment in our club.
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All depends on when (if) he does it - if he has half a brain, then surely, if we are guaranteed to be relegated this season, you pull the plug at that point - thus avoiding a -10 starting point next season and, with administrators in charge, we would be an attractive proposition.

Correct me if I am wrong though - isn't most of our debt to one of his companies or him? If that is that case, then administration will do nothing for him as that debt will be truncated and he'll lose a large amount of the money he has put in? This is the only reason I can think of it not happening - as our debt is to the guy who holds the purse strings or a company he is largely invested in, then administration would leave him massively out of pocket surely?
 
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HorsleyHillCat said:
I wonder what Peter Reid & Niall Quinn think of what's happened!
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Screw Quinn, All this started with him. Granted we've had more than enough time to correct it but the money wasted and the ****ty players on high wages and long contracts crippled us and led to decisions like Di Fanti. Quinn marks the begging of our downfall.
 
marcusblackcat said:
All depends on when (if) he does it - if he has half a brain, then surely, if we are guaranteed to be relegated this season, you pull the plug at that point - thus avoiding a -10 starting point next season and, with administrators in charge, we would be an attractive proposition.

Correct me if I am wrong though - isn't most of our debt to one of his companies or him? If that is that case, then administration will do nothing for him as that debt will be truncated and he'll lose a large amount of the money he has put in? This is the only reason I can think of it not happening - as our debt is to the guy who holds the purse strings or a company he is largely invested in, then administration would leave him massively out of pocket surely?
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It's the reason we won't go into administration now when we need to and the reason by the time we go in to it it will be way too late. He loses everything full stop, he can't get his money back now imo. Longer he takes the less chance of a future imo. Remember, when the FFP are calling in the fine we'll owe, administration becomes out of short's hands. We can be forced. We do have 3rd party debts to a bank too. Due to be paid off in 2019. Again, we can can be forced into administration if we can't pay it.
 
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