It's fair to say we have been operating in a way which is not sustainable in the long term, Acun has to rein in his spending as he does not have a bottomless pit of money. Because of what Acun Medya has loaned the club so far, it may well be they want to limit the amount of money coming from Turkey as much as possible, and use funds generated by the club wherever he can. It seems to me that they were expecting money in from other sources, but finally had to pay these loan payments, which meant more money from Turkey again which was used to settle Villa & Man City. It is not unreasonable to manage your cashflow in this way, but it surely it has got to the point whereby we have to start living within our means, as it is clear we cannot continue losing money at the levels of last season.
None of these fees were a surprise. And the EFL sanction wasn't either. The fees were agreed, and the rules for EFL sanctions are set out. But these things don't just happen overnight. There's inevitably dialogue prior to it reaching this point. My 2 questions is why he went onstage at the Q&A and lie to the fans when we were already under embargo? And why, if there are no financial problems was it allowed to come to a point where enough folk didn't get paid on time to the point the EFL stepped in?
From what I understand, Acun & Villa thought they could offset Barry loan amount with what Villa owed City for Philogene. As it turned out, the EFL would not allow this, hence why the payment had to be made.
It is unreasonable if you're missing key deadlines and triggering punishments as a result. As someone said days ago, no matter how it's spun this is on Acun. Not other clubs not paying us on time, not the EFL for being unfair, but on Acun. Acun knows the rules of the league, he signed up to them. He knows that payments need to be made in a certain timeframe or else we will be punished. He knows if we have not received funds from other clubs by a point he will have to pay the money out of his pocket (and recoup that money when said other clubs then pay us). Kalman said it (I thought quite reasonably) that in every day life when you have bills to pay you can't just tell the water company "Sorry guys I'm just waiting on my salary to come through, I'll pay you 3 weeks late" (obviously extreme circumstances aside where they may well give you leeway). A bill is due when it's due, and it's your responsibility to meet that commitment. The club just need to set up a reminder 24 hours before a bill is due, check that they have the money, one way or another, in their account, and then pay the bill. If clubs aren't paying us on time, the EFL will deal with them, and we will get the money we're owed, but it's on us to ensure our commitments are met. This is part of the 'outrageous rubbish' I claimed Acun spouted in his statement, as he is desperate to put the blame on absolutely everyone other than himself, when the buck stops with him as our owner. His insinuations that our cashflow issues are the fault of clubs who owe us money is complete rubbish. Our cashflow issues are down to his own liquidity issues, and having to rely on money coming in the door to turn it around and pay it out in a short timeframe is asking for trouble if you don't have any money set aside as a contingency.
Right, but there's regulations that payments are made as scheduled so as not to give a competitive advantage to one club over another. The reason we have a fee restriction as opposed to an outright embargo is down to the football related debts being pàid late leading to a potential competitive advantage as defined by prior published regulations. As far as I know, debts remain outstanding to suppliers, Acun has only said they "will be"paid. None of these regulations should be a surprise. And if we're not robbing Peter to pay Paul and there's no financial problem, why has this been allowed to happen? It's either financial issues, incompetence or both. Until there's compelling evidence to the contrary, not just the owner saying 'nothing to see here' then I'm going with the latter.
Your argument…. why has a temporary cashflow issue been allowed to happen. Temporary cashflow issues happen all the time in business. It happens across all businesses. He is working through it. If the EFL reduce the sanctions, then that means they are satisfied. If that happens, will you be satisfied or just carry on because you have regulations and standards that are higher than the EFL?
You’ve just negated a previously sensible post with that childish response, although now you’ve just confirmed who you are behind the username change, so pretty predictable really.
When someone produces a sensible, logical counter to his posts he has no option other than to go personal abuse. Not the first and won't be the last. But as soon as someone calls him a boot licker people will jump to his defence.
I keep making the same points primarily because a) they’re pertinent and b) some people don’t acknowledge them as fair evidence. I’m not pretending to have revealed a smoking gun that nobody’s found yet. It’s well documented how much this club is spending. I don’t personally agree with it and I can say for why. Historically, non parachute clubs that get promoted fall into a couple categories as of late. One is those riding momentum like Ipswich did and the second (which is far more common) are teams building projects like Brentford, Brighton, Bournemouth and Sunderland did. Teams that don’t blow it up the wall one season and focus on building over time. In the season we absolutely gambled on the hardest championship in history. Sunderland waited. They realised they probably weren’t good enough and bode their time knowing that they had good prospects and a far better chance the following year. I suppose in time we will find out the true damage when the accounts come out of that January spend so I can’t comment yet but it’s been reported by credible sources that it’s down a fair amount of damage. As for your comment about wanting a sale. I don’t really buy the notion as a fan of being held hostage by millionaires. We’ve survived 3 pretty crap owners in my time. We will survive another if needed. If that’s the last reason that fans are holding onto supporting the current regime then I really fear for them given they’ve likely seen the same history of the club we all have.
Woke up this morning thinking it’s all over. Not the embargo just the Not 606 civil war. Think perhaps agreeing to disagree might save us all some pain.
Be interesting to see if coaches are running for Coventry. I certainly won't be going to their arse end of nowhere ground of they aren't!
