Can't believe Reading this our new owner is skint (despite spending) and a crook based on no evidence whatsoever.
Reading what?
Thread
Spends more than the KLP fee and is accused of only spending the KLP fee. Used a loan to finance the purchase so must have leverage the buyout and is a crook simply because he's a Turkish businessman seems to be the gist.
Do you know what a leveraged buy out is?
Borrowing against the club to fund its own purchase.
Any evidence of that, or is it that he just raised the finance via a loan?
Got to admit I’m almost clueless on all the signings never mind this lad, until I watch them for 2/3 games and work out who can pass, who as that extra skill, who can tackle then I just don’t know. It will be interesting finding out but I just hope many live up to the standards some make out on here.
A close friend who works in Turkiye (not a football fan and wasn’t aware specifically of Acun) has always said no one gets on in business in Turkiye unless you’re corrupt. No exceptions.
The facts are that we only won games when we camped in our own half, 5 defenders, 2 holding midfielders. Anytime we tried to play expansive we lost. Had injuries to full backs not happened and Grant persisted with 4-3-3 earlier in the season we’d likely have got relegated. These players did their job keeping us up playing a restrictive hard working and defensively sound style. They were never going to be long term options playing the style we are apparently looking to buildAll these comments from Grants men stinks of a jealous ex who’s lost access to the kids and is upset the new bloke has a brand new a6.
Travel expenses are going to be a huge item in the accounts. I can’t remember what he quoted the cost to fill up his plane was (I wanna say £200,000 per journey, but could be massively wrong). If he doesn’t miss a match and then the personal touch for all these transfer targets, that’s a lot of £200,000’s.The former has a choice to make, Acun spent some time with him and the club are hopeful he'll take the two year deal we've offered. Pelkas seems likely according to those on the contitnent but I've not heard anything specifically about him. Shota likes him, Acun knows him, as likely as any other to happen.
No. That's often how it is done, but a leveraged buy out is literally just funding a purchase of a company (in this case club) almost solely with debt. The hint is in the name.
All these comments from Grants men stinks of a jealous ex who’s lost access to the kids and is upset the new bloke has a brand new a6.
Short term loan that has already been repaid sounds more about liquidity than anything else.
I seem to recall even back in 2008, our wage bill was over £30m.Was there ever much chance of Keano staying, we weren't short of interest and if Brentford fell down, there would have been other options.
Actually long term wise, the sponsorship deals are a massive part of growth moving forwards. In our last Championship season, our turnover was just over £15m. We don't have a chance in hell of competing in this division with that turnover. Obviously increased crowds help a bit but sponsorship is a massive way forward. We need to be looking at reaching a turnover in the region of £40m eventually and that's without parachute payments.
From what's been said, it seems pretty realistic that sponsorship this season alone could increase our revenue by at least £5m with the various different companies/deals. That's a pretty beautiful start.
Has it been repaid now? I must have missed that, thought it was going to be repaid but instead the money was used to fund transfers. Perhaps I misunderstood ST. Would be strange for the EFL to care then if we're debt free.
Barcelona offered but the admin fee was a Billion Euros..Juve barely qualified for champions league last year finishing fourth. I think we should be setting our ambitions higher
I seem to recall even back in 2008, our wage bill was over £30m.