The Third Meeting.

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Obadiah said:
The income of £600 million doesn't include the money the Allams lent Hull City. There was no need for them to put another penny in. All they had to do was spend it wisely like Burnley have.
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£600m? Where'd you get that figure from?

I would argue they did spend their money wisely. Most players we spent proper money on have either broken even or returned a profit when trading. Some have made a massive profit. As you say they've drip fed themselves interest + whatever wages and dividends they've opted to pay themselves over the years on top of the prestige they've had from being owners of a premier league football club and all the connections and privileges that entails. Also any benefits from tax breaks and clever accountancy they have utilised from the football club and the SMC.

All that and it looks like they've decided to bank and pull out exactly what they've put in. I'd say they've done quite well out of it. From a purely financial point of view I'd certainly be happy with it.
 
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Mr Bob said:
£600m? Where'd you get that figure from?

I would argue they did spend their money wisely. Most players we spent proper money on have either broken even or returned a profit when trading. Some have made a massive profit. As you say they've drip fed themselves interest + whatever wages and dividends they've opted to pay themselves over the years on top of the prestige they've had from being owners of a premier league football club and all the connections and privileges that entails. Also any benefits from tax breaks and clever accountancy they have utilised from the football club and the SMC.

All that and it looks like they've decided to bank and pull out exactly what they've put in. I'd say they've done quite well out of it. From a purely financial point of view I'd certainly be happy with it.
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That's because you are as stupid as they are.
 
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Chazz Rheinhold said:
Bournemouth isn't a good example. Financially doped.

Burnley are a shining example. But they were debt free. We weren't when the Allams came in. That's the difference. These no way of getting that back without getting yourself further in. Something the Allams didn't want to do.
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Bournemouth are a bit of a freak club really. I did a dissertation on how the formulation of the Premier League effected the football league about 11 years ago. If I remember correctly around 30-40 clubs at the time had been in administration from 1992 till 2008. At the time they where really struggling and the fans had taken over.

To survive on such low crowds and get into the Premier League is really a miracle backed by decent ownership and a excellent manager. Once they had got into the Premier League the hard work is done.
 
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the meeting should last no more than 10 minutes.

1) minutes of last meeting
2) here is our new badge Ehab......."Okay, thanks for that".
3) here is our proposal for concessions Ehab....... "Okay thanks for that".
4) we are disappointed we only signed two players in the window Ehab......" We did try hard to bring some in and the good news is we stopped players leaving".

Ehab replies with "we need to look at your proposals, let's meet in a month".

Meeting over.
 
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