I have a friend who is extremely well off. She is having an extension built so one of her family can work from home...her cash is currently tied up in other things so for simplicity she took out a loan. I guess to use the original poster's fascinating logic, she or her business has financial problems then? Honestly, I am starting to think that people here are so desperate for bad things to talk about, and miss the days 10 years ago when we REALLY had problems, that they will resort to any doom mongering they can dredge up just so they can moan. Some of you people REALLY need to get a life....believe me, there are far, far worse things in life to be depressed about. Oh, and while you're at it - go read a book on economics and finance.
You see this is what makes me laugh , the half fulls will now specualate a postive nature without any knowledge of the loan and they are Greenspan or Soros The hypocrisy is for all to see , we do not know so we do not know , what we can all agree on should be simple , you take a loan out as you need money .
equally, the "half-empties" have no knowledge of the loan and by logical process must be equally full of hypocrisy.
You do take out a loan because at the time you need money, but doesn't mean you are in serious financial trouble. We have all taken out loans and the vast majority pay it off without any problems. As I said before, the Leihberrs may not throw any money at us but neither will they let an asset go down the tubes. They would sort it out, polish us up and try to sell. Cortese may not have the best people skills and be difficult to work with (according to hearsay), but one thing he is good at is handling money.
The common theme here on both the cessation of activity at Staplewood and the Virgin Island loan is that the club have not communicated with the supporters. We are in the dark. You might ask why should they? I also think there are times when it is prudent to remain quiet, HOWEVER we have all experienced the fall of OUR club and felt both powerless and ill informed. I accept that I am powerless except in offering my support at matchdays, but I could be better informed. This means the club having better PR. It seems to me that Mr Cortese does not understand that it is the fans that are the life blood of the club, and in my opinion deserve a more comprehensive flow of information. So please stop treating us like mushrooms!
The club could have made a formal announcement about work stopping at Staplewood, but I don't think it would have made any difference to how we feel...that would just depend on your temperament. I wouldn't expect to be consulted or even informed about financial decisions made by a private company.
I am so bloody old I remember when newspapers and TV news broadcasts would offer a balanced view of the news. I go back to when political leaders were judged on how people thought they led the country, not on whether they might be a nice chap with whom they could share an evening in the pub. Part of the whole dumbing down process is that views are either "yeah right" or "stupid". I don't share the view that the "discovery" of a loan is an indicator of Armageddon. I happen to think the original poster and my Liverpool friend are wrong to make 2+2 make 5. But this is my opinion, based on experience. It does not make the poster stupid, and the opinion of the poster deserves some serious response. Equally though, given that there has been a serious response from a number of posters on here, it is probably time for the OP and others of the same view to change the record as it is starting to feel like a playground spat.
When I got a new car I got a loan despite having cash to pay for it. The reason? I wanted to insure that I had money in the bank should I need it at any point (saving for the bad times) and by getting a loan, the repayments were very easily managable and wouldn't ever cause me any sort of trouble. - So no, you don't always get a loan because you need the money.
Cortese would not borrow money unless we needed it, but it does not necessarily indicate any major trouble. Borrowing money for various purposes is common in business and in private life. It's the ability to pay that is important. We will get money from the PL this season (don't know when they pay out but suspect it is end of season) and next season will get it again or parachute payments. The Leihberrs will know of it and they are not fools with money.
What I don't get is why some people expect the club to broadcast reasons for everything that they do or don't do.
Sorry if this is out of place, but is this forum populated by children? So few people seem to understand the concept of cashflow in running a business, that's why I ask - it is an honest question.
So far having read this thread I now have seventeen people on my ignore list. At this rate I will very soon only be able to read my own posts. The reassuring part of that is the posts I will read will be factual, accurate and truthful as well as being devoid of speculation, gossip and misinformation. On the matter of Staplewood and the loan as I am not in possession of all of the facts of either matter I shall not speculate as the probabilty of my analysis being correct is quite remote.
I didn't need the money, I had more than enough money to pay for it. I've paid the loan off now and guess what, I've still got that money. Where as if I paid cash outright, I would have had a car and no debt but if anything went wrong with the car or anything else happened in my life which was unforseen, I would have had no money in the bank to bail myself out. Fortunately nothing did go wrong, So now when everything is said and done I still have the money and I have a car that is paid for and am in a stronger financial position than I would have been if I paid for it cash. Another possibility is that we have a massive lump sum sat in the bank and it would be prudent to get loans and let the interest pay the loans off rather than to start depleting the resources that we have. (like winning the lottery and getting a mortgage rather than buying the house outright). I don't know if this is what is happening but with Cortese being a banker, it is just as likely as us being in the financial ****.
I think they do but by cash flow most of them think that means making sure their 50p pocket money and their paper round earnings last the week.
Jesus this forum would be dull!!! With out sharpshooter11 or gomarchingin lol You two are the depressing duo! Shakes head in dismay...
