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The bank situatation.....
  • sambo applecart
    Posts: 24,753
    We just about break even......there are teams in the premiership in more debt than us (outside of the top 4 or 5) who are managing to spend maybe 3,4 or 5 million on a player, so WHY THE HELL are the bank saying they want more money back off us?? Surely if we are servicing the debt (which its stated we are) WTF do they want even more money back?? Its gettting paid back, it might be slowly, but they are getting it, something isnt adding up for me, we owe about 45 million?? clubs owe a lot more money than us but they are still spending, Botlon owe masses, West Ham arnt in the prem but they owe loads too, i dont presume Newcastle are without debt.......somebody up thier doesnt F**KING like us for some reason and it narks me a little bit that even before a season starts everything is almsot against us. We must have all done something really bad in a past life for things to be like this! lololololololol. But in the face of adversity, we will stand together as one and get behind our team, COYB!! :D
  • milky71
    Posts: 9,136
    Depends where the debt is.

    Fulham owe Al Fayed Millions bt he isn't looking for a return as he owns the club.
  • sambo applecart
    Posts: 24,753
    Same with Chelski and Abramovich however.......IMO, it it were me, and the banks were being like they are, i would bite the bullet, i think even with a 12 point deduction we could stay up and i would look for administration, couple of years in the wilderness and we would be back, with no debt. F*ck the banks, they are screwing everybody over with interest rates at the moment anyway, they should get exactly whats coming to them imo.
  • [Deleted User]
    Posts: 0

    billy, cahill, arteta felly, bains, saha and beckford all get 50k a week
  • milky71
    Posts: 9,136
    We need to start to looking at the cub as a business.

    Sell a few players and reduce the debt

    Get back on an even setting then start to progress.

    Kenwright misseda trick in my eyes this summer and should have told everyone we were rebuilding the squad and offloaded Arteta and Jags early 25 milloff the debt would have been good early doors.

    Neither would have been missed and we could have got a couple of youngish people in and maybe a freebie or 2 as well.

    As it stands we have no money and only 2 days to do something.

    I feel we have to sell someone big

    Perhaps Kenwright is waiting for the deal to take place tolate to be able to replace people
  • ulsterman
    Posts: 202


    billy, cahill, arteta felly, bains, saha and beckford all get 50k a week


    you have to pay them wages otherwise were going to lose them i could stand losing billy saha arteta maybe beckford but fellaini and baines i would give them alot more

    i think kenwright is keeping something from us as what he said in the interview didnt add up he says he doesnt look at the accounts and doesnt need to, to me hes either very stupid or is keeping something from us and just said that to dodge the questions
  • sambo applecart
    Posts: 24,753
    I couldnt agree more milky, there is players we could have sold this summer that wouldnt have affected the squad too much, i think if Jags and Arteta had gone along with the yak and yobo(wages off the wage bill and any money from these sales to the bank), perhaps for a combined fee of 23-24 million, i think we could have signed Dann for 9 million, Zogbia for 10 million and still given 4 million to the bank and NOT looked any weaker, i really cant grasp why even DM or BK cant see that?? Ive no idea how to run a football club or manage a football team so i maybe arnt the best person to be giving opinion but from my eyes thats what i see.

    I think with Jags they have tried to hold out for far too much when everybody can see 15-16 million is enough, and if we could get 8 for arteta it would be more than enough considering the wages he is on.

    I get the feeling that Barkley is going to be there get out clause. This is their plan imo, play him as much as possible this season, and hope for manu chelski shitteh or whoever else to bid big money for him next summer thus solving most of our problems in 1 foul swoop, i might be wrong but i can see it.

    It just seems this summer, both BK and DM have been scared to sell anyone, i dont know why this is, fear of the fans kicking off cos the money would go straight to the bank?? Or a big chunk of any big sale going to the bank perhaps??

    To stop this happening again i would suggest that the board give us a wage structure, and the likes of Arteta off the wage bill and dont pay such ridiculous wages in fututre cos its of my opinion that we just cant afford them, its that simple, i can see it and you guys can see it, if we had a wage cap of around 55k a week, would we be in such a mess? I personally dont think we would be. Arteta on nearly 4miilion a year and we bring in about 80million a year?? Thats nearly a 5th of our income on 1 player, you tell me what other business would do that?? And i dotn just mean in football, just in the world as general?? We are not a badly run club in my eyes, it just seems to be a learning curve, somethings we are getting right, some things we are getting wrong, and i think a sale of 1 or 2 players will address that and help us get back on a level playing field.
  • sambo applecart
    Posts: 24,753

    I couldnt agree more milky, there is players we could have sold this summer that wouldnt have affected the squad too much, i think if Jags and Arteta had gone along with the yak and yobo(wages off the wage bill and any money from these sales to the bank), perhaps for a combined fee of 23-24 million, i think we could have signed Dann for 9 million, Zogbia for 10 million and still given 4 million to the bank and NOT looked any weaker, i really cant grasp why even DM or BK cant see that?? Ive no idea how to run a football club or manage a football team so i maybe arnt the best person to be giving opinion but from my eyes thats what i see.

    I think with Jags they have tried to hold out for far too much when everybody can see 15-16 million is enough, and if we could get 8 for arteta it would be more than enough considering the wages he is on.

    I get the feeling that Barkley is going to be there get out clause. This is their plan imo, play him as much as possible this season, and hope for manu chelski shitteh or whoever else to bid big money for him next summer thus solving most of our problems in 1 foul swoop, i might be wrong but i can see it.

    It just seems this summer, both BK and DM have been scared to sell anyone, i dont know why this is, fear of the fans kicking off cos the money would go straight to the bank?? Or a big chunk of any big sale going to the bank perhaps??

    To stop this happening again i would suggest that the board give us a wage structure, and the likes of Arteta off the wage bill and dont pay such ridiculous wages in fututre cos its of my opinion that we just cant afford them, its that simple, i can see it and you guys can see it, if we had a wage cap of around 55k a week, would we be in such a mess? I personally dont think we would be. Arteta on nearly 4miilion a year and we bring in about 80million a year?? Thats nearly  5% of our income on 1 player, you tell me what other business would do that?? And i dotn just mean in football, just in the world as general?? We are not a badly run club in my eyes, it just seems to be a learning curve, somethings we are getting right, some things we are getting wrong, and i think a sale of 1 or 2 players will address that and help us get back on a level playing field.




  • zeus07
    Posts: 10
    milky71 said:

    We need to start to looking at the cub as a business.

    Sell a few players and reduce the debt

    Get back on an even setting then start to progress.

    Kenwright misseda trick in my eyes this summer and should have told everyone we were rebuilding the squad and offloaded Arteta and Jags early 25 milloff the debt would have been good early doors.

    Neither would have been missed and we could have got a couple of youngish people in and maybe a freebie or 2 as well.

    As it stands we have no money and only 2 days to do something.

    I feel we have to sell someone big

    Perhaps Kenwright is waiting for the deal to take place tolate to be able to replace people.

    milky71 said:


    milky71 said:

    We could have sold Jags and picked up upson on a free, missed the boat there i think.




  • 11blue
    Posts: 4,765


    billy, cahill, arteta felly, bains, saha and beckford all get 50k a week


    Beckford is on £25k a week and Arteta is on £75k a week!
  • sambo applecart
    Posts: 24,753
    SELL SELL SELL!
  • 11blue
    Posts: 4,765

    SELL SELL SELL!



    Now your just being stupid  :-D
  • sambo applecart
    Posts: 24,753
    11blue said:

    SELL SELL SELL!



    Now your just being stupid  :-D





    LOL, thats not like me ;)
  • deso1957bc
    Posts: 545
    The debt is not "getting paid back"....it's growing...year after year after year after year after year....do you understand?

    And the club has no assets..none..zilch....

    And the banks are saying we won't extend your overdraft because it is our money at risk.

    And meanwhile none,I repeat,none,of the directors have put one penny in to this club apart from their initial investment to buy their shares.

    And this has been public knowledge for years.....ffs
  • Baumans916
    Posts: 116

    I couldnt agree more milky, there is players we could have sold this summer that wouldnt have affected the squad too much, i think if Jags and Arteta had gone along with the yak and yobo(wages off the wage bill and any money from these sales to the bank), perhaps for a combined fee of 23-24 million, i think we could have signed Dann for 9 million, Zogbia for 10 million and still given 4 million to the bank and NOT looked any weaker, i really cant grasp why even DM or BK cant see that?? Ive no idea how to run a football club or manage a football team so i maybe arnt the best person to be giving opinion but from my eyes thats what i see.

    I think with Jags they have tried to hold out for far too much when everybody can see 15-16 million is enough, and if we could get 8 for arteta it would be more than enough considering the wages he is on.

    I get the feeling that Barkley is going to be there get out clause. This is their plan imo, play him as much as possible this season, and hope for manu chelski shitteh or whoever else to bid big money for him next summer thus solving most of our problems in 1 foul swoop, i might be wrong but i can see it.

    It just seems this summer, both BK and DM have been scared to sell anyone, i dont know why this is, fear of the fans kicking off cos the money would go straight to the bank?? Or a big chunk of any big sale going to the bank perhaps??

    To stop this happening again i would suggest that the board give us a wage structure, and the likes of Arteta off the wage bill and dont pay such ridiculous wages in fututre cos its of my opinion that we just cant afford them, its that simple, i can see it and you guys can see it, if we had a wage cap of around 55k a week, would we be in such a mess? I personally dont think we would be. Arteta on nearly 4miilion a year and we bring in about 80million a year?? Thats nearly a 5th of our income on 1 player, you tell me what other business would do that?? And i dotn just mean in football, just in the world as general?? We are not a badly run club in my eyes, it just seems to be a learning curve, somethings we are getting right, some things we are getting wrong, and i think a sale of 1 or 2 players will address that and help us get back on a level playing field.




    I completely agree my friend. I'd rather bite the bullet now and be free of the debt. won't have that hanging over the club for future years and always be stuck in this situation. Also, gaining entry to Europa would bring welcomed $$$
  • sambo applecart
    Posts: 24,753

    The debt is not "getting paid back"....it's growing...year after year after year after year after year....do you understand?

    And the club has no assets..none..zilch....

    And the banks are saying we won't extend your overdraft because it is our money at risk.

    And meanwhile none,I repeat,none,of the directors have put one penny in to this club apart from their initial investment to buy their shares.

    And this has been public knowledge for years.....ffs



    Well lets bite the bullet then deso mate, if we cant afford to keep the top earners at the club, lets get rid of them, if we can get rid of the yak, yobo and arteta, thats going to save us 7.5 million a year, so we could easily pay soembody 40k a week and still save 5.5million a year in wages, yak and yobo dont play so we dont need to replace them imo and we would have to obviously get cover in for arteta hence the 40k a week. That should just about balance the books every year should it not?? I've harped on for long enough about this, but it seems to me, we cant afford to pay our players the money we do, so we need to put a wage or salary cap on it, i dont know the exact incomings and out goings of the club, but if we get for example....

    45million from tv money
    7million prize money from the premier league


    thats 52 million??   So lets say 17 players each earning 50k a week & the manager earning 50k a week, giving you a string squad of players, and leaving 5.2 million to spend on the youngsters wages and fringe players. These are averages, of course somebody could earn 50k a week, somebody else might be on 35k etc etc.

    We have say 22,000 season ticket holders at an average of 400 quid each, thats another 8.8million. On top of about another 4million a year in match day tickets.

    Ive no idea how much we bring in a year in sponsorship, it must be towards 3 or 4million in total??

    I know im breaking this down in simplistic terms, but my point is, if we kept to a wage structure, and when players want more than we can offer, we bite the bullet and sell, and bring in a replacement.

    We are not hard enough from a business persepective imo. Whether its for fear of upsetting the fans or what it is i dont know, but times come when its time to move players on, whilst they still have resale value, but for whatever reason we dont and we are not a rich enough club to keeping hanging on to them and then them becoming worht next to nothing. Tickets harps on about this alot of the time and he is right, a time comes when a players can and should be sold and we need to stop being so proud imo and let some go when the time is right and for me this summer was that time, start thinking a little for the next 3 or 4 years rather than just hoping we get through the next season.

    Everyone can think im talking cack, but it makes sense to me. Not everything can be good all the time, we have had a lot wrose times at the club thats for sure, so spending a year sorting the club out a bit isnt too much a downer from my perspective.






  • ToffeeCup
    Posts: 3,164

    If you take off the doom tinted glasses for a bit. And christ knows they are easy to put on at the moment.


    Lets be honest, we've all heard how we aren't going to do any business and then we've done some business. Just as we've heard 'watch this space' only for us to watch nothing happen.


    All I'm saying is that we need a striker and we've sold Pienaar and Vaughan and have Yobo and Yakubu to sell before looking to sell any member of our current squad.

    To be fair, you can see us being able to buy a striker. They might be unproven, and they might be hit and/or miss. But you can see us doing it late on just as you can understand us not selling yobo or yak for peanuts as it doesn't help us at all. You can understand us having to hold out for a good deal with these two players so obviously being surplus to requirements.



    So bearing in mind Moyes isn't looking to sell anyone else, and they've said that the bank will take a percentage of the money back too. You could argue that for Moyes to do a deal its going to have to be for a huge amount of money.

    Looks to me that there are desperate clubs out there looking to do business. Spurs are rocking from their early start, Modric looks to be gone and they don't have the CL money to prop up that squad any more. And then there is the mess that is Arsenal, who are in the market for a quality CM and need an defensive overhaul.

    If anything Everton look to have purposely prepared the ground to extract a very large fee from someone in desperate need of a player. I'm not saying that is a good place to be, but its certainly not all doom and gloom.

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