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Ciarrai_Abu said:
£3m to cover the league’s legal costs. Need to the add the club’s legal costs to come up with the total cost of this sad debacle. another £3m?
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Yes, that would be about right. I suppose you can argue the club as opposed to the owners have benefitted, since the fine element has more than halved, and debt owed to the owners by the club has been capitalised and thus effectively written off. And since the owners will say they would have done that anyway (after all, they capitalized £160m odd before), the arbitration and settlement does represent a worthwhile result for them.

Nevertheless, the lawyers will be sitting down to a good meal tonight...
 
I'm angry that the football world has seen fit to screw over my club while letting the likes of Chelsea and Man City do whatever they please. Money talks of course but in theory we have had plenty to throw around and therefore... I'm angry that Fernades has not shown more business acumen in setting up this situation and even more upset that having decided to make a stand hasn't had the balls to see it through (the ECJ was an obvious higher court who already have Bosman to their name). In the short term it's bad for us directly of course but in the long term it's the end of the football dream for most smaller clubs.
 
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QPAAAAAGH said:
I'm angry that the football world has seen fit to screw over my club while letting the likes of Chelsea and Man City do whatever they please. Money talks of course but in theory we have had plenty to throw around and therefore... I'm angry that Fernades has not shown more business acumen in setting up this situation and even more upset that having decided to make a stand hasn't had the balls to see it through (the ECJ was an obvious higher court who already have Bosman to their name). In the short term it's bad for us directly of course but in the long term it's the end of the football dream for most smaller clubs.
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Hard to argue with much of that.
The owners have stumped up in many different ways - and lost a lot of their own money as a concequence. They have truly learnt the hard way. Unless your are a principality owning a club, you better be very very astute!! We were not.
Hopefully this draws a line in the sand and we move on from here. We, as a club and as fans, have been in dire situations before and ridden the storm.
So let’s not keep whipping the board for their mistakes and hope they have learnt the hard lesson and are about to move us forward.
I like the feel of Hoos around the club; and hope we will begin to move forward and rebuild. I’m sure the EPL will come along and steal the odd gem, but let’s be proud we can develop starlets and also have a creative and successful team. I’m prepared to wait and see if we can develop our own stream of players; create a revenue stream and have some enjoyable times.
EPL? Meh! If it happens it happens... give me good competitive football, an interesting league where anything can happen, where surprise and enjoyment keeps us all smiling, discussing, laughing and crying, debating, agreeing/disagreeing and I will keep following my club and enjoying the camaraderie that exists between all the posters and fans!
Let’s enjoy the coming season lads!!!
 
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The dream is over but at least we got Bobby Zamora day out of it. Priceless moment for the fans but not sure the shareholders will look back and feel it was worth £200m.
 
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West London Willy said:
Re capitalisation:

I looked up a few places, and that last one is (on paper at least) the best thing in this.

Instead of the club owing the directors £21 million plus, these will have been converted into shares. Creating new shares doesn’t increase the clubs value or the value of their holdings, it dilutes the value of a share. So effectively, it tells the club that they no longer owe the directors £21 million, which is nice because that means we can pay the EFL fine and costs from what we owed Tony et al.

In a strange way, it shows the EFL, and our board, in a very good light, arriving at a solution that doesn’t seem to put an overly burdensome financial penalty on the club, and the means to service that penalty, therefore meaning we can really start to look forward now.
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There is indeed a bit of Solomon's Wisdom in this.

I'm no expert but had the £40m been enforced and the club alone made to pay, we would now be in administration with s very bleak future.

Though it sticks in the throat, it might just be that the EFL has tried to protect the club along with enforcing their rules
 
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After reflecting today feels more and more like we've been made an example of. Still trying to work out why our fine seems so much more than anyone else's fine but major thing for me is why we not using "cleaver" accounting like other clubs..man city so I'm told hide ffp under owners sponsorship to tune of 400m ?
 
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Jonqpr said:
After reflecting today feels more and more like we've been made an example of. Still trying to work out why our fine seems so much more than anyone else's fine but major thing for me is why we not using "cleaver" accounting like other clubs..man city so I'm told hide ffp under owners sponsorship to tune of 400m ?
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‘Cleaver’ accounting? Is that next to T-’axe-onomy’ evasion?!
 
Ok...... seriously speaking, now that the whole episode is over, can we now go and spend some coin?

Is this what TF and the board hoped to do?
(Wait till a decision was handed down )
.... or will they continue to the status quo of not spending a cent.

Yes, as they say, they have learnt their lesson but l hope they are not going to use that against buying some half decent players.

They do have an obligation on behalf of the club and the fans to be seen in doing the best for the club and not be seen to be doing a Venkys ( Blackburn) and let the club die a slow death.

Keep in mind that TF supposedly doesn’t have the coin like he used to and the last thing we want is for him to hide behind that thought by using the FFP situation for the next few years as a reason not to spend some coin on buying players.

Anyway, just thinking out aloud.
 
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Didley Squat said:
Ok...... seriously speaking, now that the whole episode is over, can we now go and spend some coin?

Is this what TF and the board hoped to do?
(Wait till a decision was handed down )
.... or will they continue to the status quo of not spending a cent.

Yes, as they say, they have learnt their lesson but l hope they are not going to use that against buying some half decent players.

They do have an obligation on behalf of the club and the fans to be seen in doing the best for the club and not be seen to be doing a Venkys ( Blackburn) and let the club die a slow death.

Keep in mind that TF supposedly doesn’t have the coin like he used to and the last thing we want is for him to hide behind that thought by using the FFP situation for the next few years as a reason not to spend some coin on buying players.

Anyway, just thinking out aloud.
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To be honest, I half expect Tony to go back to buying silly players in about 2 years. Hopefully others at the club will keep him in check.
 
Didley Squat said:
Ok...... seriously speaking, now that the whole episode is over, can we now go and spend some coin?

Is this what TF and the board hoped to do?
(Wait till a decision was handed down )
.... or will they continue to the status quo of not spending a cent.

Yes, as they say, they have learnt their lesson but l hope they are not going to use that against buying some half decent players.

They do have an obligation on behalf of the club and the fans to be seen in doing the best for the club and not be seen to be doing a Venkys ( Blackburn) and let the club die a slow death.

Keep in mind that TF supposedly doesn’t have the coin like he used to and the last thing we want is for him to hide behind that thought by using the FFP situation for the next few years as a reason not to spend some coin on buying players.

Anyway, just thinking out aloud.
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And imo we need to spend what we can spend now before the upcoming deadline for this season, as we can't do much January. Need to shore up the Defence, and bring in a goal scorer. In view of the January deadline penalty we need to keep the Squad in its oversized state to cover the injuries we are bound to get. The Club should be having a very busy week or so. That FFP January penalty will cost us and make it harder to meet the current rules by forcing us to plan for the whole season now.
 
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Very good for the club to get this settled, even if the outcome could have been better.
Now the four year plan can start taking effect. Warren Farm and Wormwood Scrubs will be the next major positive news to be released.
 
sb_73 said:
I suspect only when fans finally understand that the current profitability/sustainability (FFP) rules prevent the owners splashing out on new players no matter how much they want to unless they want to risk going through the whole thing again.
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I might have sounded vaguely credible if I'd posted my reply before yours! :D
 
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awjm said:
To be honest, I half expect Tony to go back to buying silly players in about 2 years. Hopefully others at the club will keep him in check.
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No. Three things have changed:

1 His eyes have been opened about Harry REDKNAPP. He needs one of them to buy dross masquerading as gold.
2 Les Ferdinand
3 Lee Hoos
 
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