Transfer Rumour Charlie Hughes (124 Viewers)

Forums New posts
T

Trueskyblue20

Well-Known Member
AFCCOVENTRY said:
Hughes agent would have given us the nod to make a bid if his client was interested. You don’t just make a bid for the sake of it these days.
Click to expand...

I get that but on the same token Southampton have just bid for Jack Rudoni and I don’t believe he is for sale
 
Terry_dactyl

Terry_dactyl

Well-Known Member
Brighton Sky Blue said:
Matt Grimes wasn’t exactly making ‘come and get me’ shouts at Swansea in the days before he signed. I have no idea where this money is coming from if we’re actually putting these bids in, given we’re not raising huge amounts for MVE.
Click to expand...
I reckon we’ve had some/are having some investment right? From someone/people other than Doug.
 
skybluecam

skybluecam

Well-Known Member
If we’ve initially bid at £4m and then immediately gone back in at £7m and now considering 8-9 that suggests to me that Hull have named ~£10m as their actual asking price privately.
 
C

Cov4Ever

Well-Known Member
shepardo01 said:
His old manager is on the case!
Click to expand...

Also find it hilarious that people tweet these. It's not like the manager is going to go 'oh yeah we are interested and we have put a bid in'. It's just attracting attention and that tweet adds no context what so ever.
 
covcity4life

covcity4life

Well-Known Member
D

Deity

Well-Known Member
Pitch87 said:
Looks like an external investor has invested £15m and now owns 10% of the club.

The calculation is 11,000,000 original shares + 1,222,222 newly issued shares =12,222,222 total shares. 1,222,222 shares therefore equates to 10%.

The £15m looks like it has gone into the company (rather than out to a seller) as these are new shares. This therefore implies Doug valued the club at £135m before the money came in and £150m post money (hence £15m for 10% stake).

It will be very interesting to know who now owns that 10%. Unlikely to be Doug or related party as he could just continue to fund the business by way of the 0% unsecured loans he
Click to expand...

maybe @Pitch87 was spot on all along ….
 
SBAndy

SBAndy

Well-Known Member
StrettoBoy said:
It’s possible but equally it could be that Doug has just capitalised some of his loans to strengthen the balance sheet.
Click to expand...

Little to no merit in “strengthening the balance sheet” given the circumstances. The funds were lent interest-free so there is no interest deduction on the P&L to account for (thereby meaning no impact on PSR) and we’re nowhere near flying close enough to the sun for any debt management plan being handed down to us. Add to the fact that by capitalising the loan, Doug would essentially be foregoing his right to claw back when it’s seemingly bringing no tangible benefit to either him or the club by doing so. I am 100% confident it’s external investment.
 
S

StrettoBoy

Well-Known Member
SBAndy said:
Little to no merit in “strengthening the balance sheet” given the circumstances. The funds were lent interest-free so there is no interest deduction on the P&L to account for (thereby meaning no impact on PSR) and we’re nowhere near flying close enough to the sun for any debt management plan being handed down to us. Add to the fact that by capitalising the loan, Doug would essentially be foregoing his right to claw back when it’s seemingly bringing no tangible benefit to either him or the club by doing so. I am 100% confident it’s external investment.
Click to expand...

I'm not saying you're wrong - I have always acknowledged that it could be a fresh cash injection and I very much hope that it is - but it isn't necessarily that straightforward.

Late last year the football authorities were considering amending the PSR rules so that, for those purposes, clubs had to apply notional interest at a commercial rate to loans made by owners and other associated parties. This was to produce a level playing field between clubs financed by soft loans and those, such as Manchester City, relying on associated party sponsorship deals at inflated prices. It could be, I put it no more strongly than this, that DK has capitalised existing loans in order to comply with this rule change if it happens.

It isn't strictly true to say that Doug would be foregoing the right to claw back his money as - although it is not so straightforward as recalling a loan - it could be done by way of a purchase of own shares by the club or a capital reduction. I have advised on many of those over the years and providing you meet the solvency requirements it's not that difficult.

Thanks for your thoughts on this and let us both hope that it is a new injection of cash by Doug or an external investor 👍 It could explain why we seem to have enough cash to offer a large transfer fee for Charlie Hughes.

Anyway, I will leave it at that. You and I may be fascinated by this but I suspect that most followers of this thread are more interested in what signings we can make in this transfer window 😆
 
You must log in or register to reply here.

Users who are viewing this thread

  • ... and 20 more.
    • Total: 124 (members: 88, guests: 36)
    Top