Works a year behind so this window club have received last years massive rise. Next season it will be a little bit more as now the massive increase has already arrived, the following few years the rise is more steady and gradual.
Kone
- Thread starter MrRAWhite
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Works a year behind so this window club have received last years massive rise. Next season it will be a little bit more as now the massive increase has already arrived, the following few years the rise is more steady and gradual.
Was just using them as examples of how I think prices had already started to rise last year. We wont really be able to tell until after the close of the window and even then, as you say, we aren't comparing like with like. I'm sure there'll be a story after the window shuts about what the overall spending was compared to the previous year and what they think the overall prices have gone up by - subjective as to what you do and don't take into account but my personal feeling is that prices have gone up by more like 20%-30% than 100%.
Doesn't make much difference to you guys right now though, just need some people in and pronto.
Give us a proper example than? Papy Djilobodji rise was 196%. That's a fact. Wijnaldum was 72% from a relegated team.
Djilobodji was in the final year of his contract, as was Sissoko. I think it's pretty established that reduces a players value.
Wijnaldum was always going to leave us for more money than we signed him for, indeed back in October/ November I was already posting saying we'd probably only have him for a year. He went off the boil as they year went on but still got a pretty good goal haul for a midfielder (9 or 10 in the prem I think), add in it's his first year, he's 25 and we had him under contract for another 4 and a half years and yes his value was going to go up. Partly due to added money yes. As for the relegated club point, I honestly don't think we've lowered any values due to it, that's a separate point though
According to the Guardian half of your loans have come from a Drumaville Ltd company based in Jersey and roughly the other half from an American company which deals in Insurance and loans obviously.
I'm not sure how much of his own personal wealth Short has pumped in, there's certainly interest being repaid on it from what I remember so that probably means it's not all his own anyway.
Wijnaldum was always going to leave us for more money than we signed him for, indeed back in October/ November I was already posting saying we'd probably only have him for a year. He went off the boil as they year went on but still got a pretty good goal haul for a midfielder (9 or 10 in the prem I think), add in it's his first year, he's 25 and we had him under contract for another 4 and a half years and yes his value was going to go up. Partly due to added money yes. As for the relegated club point, I honestly don't think we've lowered any values due to it, that's a separate point though
Would he have commended a bigger price if you stayed up? Of course you would. No doubt about it. It stands to reason. It's was in the press all the back end of last season how overseas clubs were upping their prices radically to get their piece of the tv deal which completely make sense. Of course the fluctuation is going to vary but it's pretty clear it's way over 25% generally imo. In cases it'sway more than 100% as I've shown with Papy.
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I am only going on an article I read last night which had quotes from Short in it. Drumaville was the consortium Quinn put together who owned the club before Short. I am fairly sure Short was part of that consortium. I assume the American company is owned by Short.
I don't think so, it's called the Security Benefit Corporation and it doesn't seem to have any affiliation with him... Sunderland have a loan for £70m with them according to this article with an interest rate of 8.5%, that was to cover loans and a huge overdraft.
Another £58m from Drumaville Ltd in Jersey, I assume that's his own funds.
The previous year article, states he repaid £28m to himself reclaiming loans in 2013, so maybe he's doing that again?
He claimed when he bought the club that the Drumaville debts were paid off, He said did this by investing extra and increasing his stake in the club converting them to shares. So that was bollocks then, this whole time the debts from the last owners have remained on the accounts.
I think he set up a company called Ellis Short & Drumaville or something like that, it's very shady and hard to understand.
A guy who makes money the way he has will never be completely transparent I guess.
So he put money into the club then the club took out a loan at 8.5% to pay himself back. A loan company to which he may or may not be connected. Am I reading that right?
He took the yank loan out to cover £28m debt and £39m overdraft.
He's also loaned money (£58m) from Drumaville Ltd (his own company) I guess that was to cover general running costs and cover losses etc.
That's just my understanding from the article I read.
I am not sure the article is correct, the evidence from reading the accounts on companies house is that what Bri said is true as you can see the debt on the balance sheet in the share value. There are no debts in the form of loans on the balance sheet so the article might be out of date.
The accounts and balance sheet on companies house will be massaged by a good accountant to show what they need to show.
It was the guardian article from May 2016 mate that's all I'm going off, could be guff for all I know.
You would think they would do their research though?
When I get 1/2 a day I might research this properly, I am quite genuinely interested what our real position is.
http://swissramble.blogspot.co.uk/2016/05/sunderland-all-cats-are-grey.html?m=1
It's in there as well, not sure if it details much about this yank company cos I'm not reading all of that!
My guess is you could read it all and still be baffled!
The chairman himself acknowledges we're in terrible financial shape, The spending suggests it, the articles surgest it. Everything suggests. I believe it.
I just quickly read all that. It reads that we have a debt of 59m in the form of a bank loan. 100m from Shorts investment (essentially buying shares through dilution) and 20m from the bank which has been reclassified and not an actual loan but an investment.
So in terms of actual debt (if this article is correct) it's 59m
Not a massive sum but still more than most. Interestingly clubs in more debt are Man Utd, Arsenal and QPR.