Brighton Sky Blue
Well-Known Member
And someone else will.
So if Diaz doesn't go, nor does hyam...
If Gyok goes because Hyam stays, I propose a new rivalry with B’BurnAnd someone else will.
Honestly what the fuck are the owners plans? They obviously can’t compete higher than this level and they’re not getting the stadium, so surely time to sell?
Sorry if words are too complicated for youI think you might need to change your username to “Northern”
Sorry if words are too complicated for you
From their perspective why sell?
People really need to wake up and realise a fund owns the club - it cares not a jot about it. Returns for investors are looking likely if we remain in this league and can sell players to give them returns.
Also loans can it seems be made with high levels of interest which also get paid back
Can’t see why they’d sell at anything other than a hugely inflated price and whose doing that when the club has a sub 10 year lease with a rugby club
This is such an insane comparison.You surely can’t be that thick?
“Tesco is sustainable so why do they keep selling their stock?”
There's a different route to that surely by investing in a small number of high potential players per season at least one of whom could be sold for big profit. All that this way of operating does is jeapordise the club's league status.
We wouldnt have stood a chance in the Premier league looking at this season, we wouldnt be given money to invest, we would have missed out on the first few home games. There was also no guarentee that investment would have propelled us into the promotion picture.Time for Sisu to cut there losses and go as they have no money and no ambition.Its not just the sale of Hyam last year when we could of given promotion a proper push they didn't want to twist they just wanted to stick .
Sisu have no money and no ability to attract investment either so it’s paying returns to the investors in the Arvo fund that matters to them.
We wouldnt have stood a chance in the Premier league looking at this season, we wouldnt be given money to invest, we would have missed out on the first few home games. There was also no guarentee that investment would have propelled us into the promotion picture.
In hindsight its a good job we stayed in this division, under these owners we are going nowhere
I want them to act like owners of a football club not a bank of last resort giving pay day loans then asking for them back in a few months
Negative spend isn’t the issue. Look at yesterdays opponents as an example of that
Well relegation makes that a moot point surely
From their perspective why sell?
People really need to wake up and realise a fund owns the club - it cares not a jot about it. Returns for investors are looking likely if we remain in this league and can sell players to give them returns.
Also loans can it seems be made with high levels of interest which also get paid back
Can’t see why they’d sell at anything other than a hugely inflated price and whose doing that when the club has a sub 10 year lease with a rugby club
They’ll sell if they think this is the time of peak value. They won’t/can’t invest to get us to the prem, the value of the squad is significantly higher than recent years (£25m ?) and most importantly, the stadium could be available to a purchaser which might put a bit of a premium on clubs value
We’re in wasps hands to some extent, need them to go bust and stadium to be up for sale
This is such an insane comparison.
No the contracts will have relegation clauses - players will be sold - the club will adjust so investors still get returns
Well then that's a pretty grim future. Is this really going to be it until she kicks the bucket?
Cause it’s just a theory based on past information and prejudiceI assume we are now at Plan C of the great arena takeover plan
Wait to wasps go into admin and swoop. The problem is she doesn’t strike me as someone whose as clever as she thinks she is. She even got outmanoeuvred in 2012 by Mutton and Lucas and then by Duggins and Maton with Wasps.
Wasps seem as an operation sharper and more ruthless
It seems to me an ego thing. Without the stadium there’s nothing to buy.
It’s a real problem but many on here just froth and get hostile when you talk about it
I assume we are now at Plan C of the great arena takeover plan
Wait to wasps go into admin and swoop. The problem is she doesn’t strike me as someone whose as clever as she thinks she is. She even got outmanoeuvred in 2012 by Mutton and Lucas and then by Duggins and Maton with Wasps.
Wasps seem as an operation sharper and more ruthless
It seems to me an ego thing. Without the stadium there’s nothing to buy.
It’s a real problem but many on here just froth and get hostile when you talk about it
Yes but I can’t see wasps going bust and if they did no one knows what value Seppala will place on the club.
She seems pretty obstinate and irrational to me and if that happened she’d really want to maximise value. I wouldn’t be surprised if she tried to recover the debt in SBS and L as well as OEG so her ego can be well and truly furnished
Who knows on both counts but Id be surprised if her ego/emotion would get in the way. Value is the big unknown but I personally think this is likely to decrease in coming months due to big players contracts running down thereby reducing their values. I honestly can’t see how wasps get out of the current mess with stadium ownership in tact, any normal business would probably be in an insolvency process by now, however, I also accept sport is a strange one so anything could happen !
If she plays hardball why do we have DB negotiating with other clubs, he plays a whole different ball game 1.5m for Hyam laughable
hahahaha not like you to talk utter tripe now is it?We are making a profit on any player we care about in that we would like to keep them... also they aren't guaranteed to make a profit on stock if it goes past its sell by date without being sold or is damaged or stolen... not the best argument. A sale was inevitable as it is for most clubs. I think we wanted different players to leave in truth but that's the way it goes sometimes.
Genuine question though are the investors actually getting returns? I thought the insane interest numbers weren’t actually paid out and only exist as debt on paper. How does that work from an accounting perspective?No the contracts will have relegation clauses - players will be sold - the club will adjust so investors still get returns
Genuine question though are the investors actually getting returns? I thought the insane interest numbers weren’t actually paid out and only exist as debt on paper. How does that work from an accounting perspective?
A few people have pointed to how SISU have supported the club under MR. (arrived March 2017)
So some summary actual figures taken from published financial statements since 01 June 2017 to 31 May 2021
Losses in that period £10.56m
Interest charged by owners and included in losses £8.42m (Interest added to interest bearing loans )
so without the interest the club made £2.1m losses in that period
Player sales £11.28m
Player purchases £3.68m
To survive and still make losses of 2.2m the club needed to have a net £7.6m in player sales
SISU loans made £2.14m
SISU Funds extracted £2.25m
EFL Loan £2.4m ( - loan made in 2020/21 accounts repayable over 3 years i believe)
SISU net investment is minus 111k
Balance sheet deficit increased from £17.32m to £27.88m
total liabilities increased from £19.34m to £36.53m
the balance sheet deficit can be partially offset by the real value of the squad not the £3m amortised contract cost shown at 31/05/2021, but is the uplift in value of the whole squad £33m (that just gets us to break even balance sheet)
Of course some of this will have changed since 31/05/2021 and we wont know that until February what the 2022 results are
The club was kept going in that period because of player sales, not because of owner investment. The owners charge high rate interest that cant be paid because the club cannot afford it so is added to growing liabilities - they don't have to charge as much, or any interest, they choose to.
the telling thing to me about the owners is that the owners took out a net £111k during that period of success. That is not in my mind investing in the club. It also suggests that SISU struggle to get additional long term funds or have set a ceiling that only permits emergency funding. Comments from Boddy & MR suggest it is difficult (impossible?) to get further funding from the owners. The fact that they basically advertised the club as for sale also suggests a reluctance to fund further
I do not want us to sell Hyam or the "big three" but needs must because i have no confidence in the owners making sustainable funding available. If they do fund, probably short term cash flow funding, the interest rates will be high i would think
You’re either completely clueless or a SISU stooge.Huh? This is our 3rd season back in the Championship! What’s not working?
You’re either completely clueless or a SISU stooge.
Or both.
You’re either completely clueless or a SISU stooge.
Or both.
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