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Mike Ashley rumours (1 Viewer)

  • Thread starter Didge76
  • Start date Jan 19, 2025
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Flying Fokker

Well-Known Member
  • Jan 19, 2025
  • #141
hill83 said:
Hearing this is happening in the next 48 hours
Click to expand...
Gimoc? Maybe/ maybe not. Clock’s ticking.
 

Flying Fokker

Well-Known Member
  • Jan 19, 2025
  • #142
Captain Dart said:
It's worth reading the accounts of Coventry City's holding company CovCityCo Ltd.

They do set out a number of objectives the club is pursuing including transfer balances and an intriguing statement about researching and developing injury rehabilitation and performance tracking capabilities. There is also a statement about the owner having the financial wherewithal to deal with the unlikely event of demotion to league one. Profit on player sales till May 23 was only £40k but those figures do not include Viktor Gyökeres or Gustavo Hamer transfers out and any subsequent transfers in. Turnover was £11.1m, salaries were £8.8m, losses were £4mm there is a £6m loan being paid back.

COVCITYCO LTD filing history - Find and update company information - GOV.UK

COVCITYCO LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
Click to expand...
Not t’bad.
 

robbiekeane

Well-Known Member
  • Jan 19, 2025
  • #143
shmmeee said:
Believe what you want. I notice you’re still not explaining your experience. Tell us how telling buyers publicly the company wasn’t for sale lead to higher offers. I’m all ears.
Click to expand...
When facebook acquired whatsapp, initially told not for sale. Microsoft acquired linkedin, initially not for sale. Pixar and disney, whole foods and amazon. Yahoo and verizon. Time Warner and AT&T.

This is embarrassing now. In general negotiation theory, common opening position is that you’re not activity looking to buy or sell. It’s just an extreme opening, it’s not that deep and it’s not that hard to understand and it’s weird that you won’t acknowledge it

Do you think every football player sale only happens if the sellers immediately say “yes he’s for sale by the way we’d love to talk”
 
Reactions: RegTheDonk, Paul Anthony, Sick Boy and 1 other person
W

wingy

Well-Known Member
  • Jan 19, 2025
  • #144
Flying Fokker said:
Not t’bad.
Click to expand...
Be different in a few months and still a year out of date I think?
 

Captain Dart

Well-Known Member
  • Jan 19, 2025
  • #145
wingy said:
Be different in a few months and still a year out of date I think?
Click to expand...
Accounts usually cover a period ending 9 months before the date of publication.

Should be another one at the end of February.
 
Reactions: Sky Blue Goblin and wingy

MalcSB

Well-Known Member
  • Jan 20, 2025
  • #146
alexccfc99 said:
In that time though they flogged Kante to Chelsea and Maguire to United so their lavish spending kind of paid for itself for a period

That money ran out and they continued to hemorrhage money on shit
Click to expand...
Sounds a bit familiar.
 

MalcSB

Well-Known Member
  • Jan 20, 2025
  • #147
Captain Dart said:
It's worth reading the accounts of Coventry City's holding company CovCityCo Ltd.

They do set out a number of objectives the club is pursuing including transfer balances and an intriguing statement about researching and developing injury rehabilitation and performance tracking capabilities. There is also a statement about the owner having the financial wherewithal to deal with the unlikely event of demotion to league one. Profit on player sales till May 23 was only £40k but those figures do not include Viktor Gyökeres or Gustavo Hamer transfers out and any subsequent transfers in. Turnover was £11.1m, salaries were £8.8m, losses were £4mm there is a £6m loan being paid back.

COVCITYCO LTD filing history - Find and update company information - GOV.UK

COVCITYCO LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
Click to expand...
Thought we were debt free?
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 20, 2025
  • #148
MalcSB said:
Thought we were debt free?
Click to expand...
I’m sure Doug said we were debt free at the point of purchase
 
Reactions: commissioner_gordon and Sky Blue Goblin
C

Cally Fedora

Well-Known Member
  • Jan 20, 2025
  • #149
If he thought he was getting a thriving business his due diligence is to pot. Was maybe gambling on a rapid promotion?
 
Reactions: duffer

MalcSB

Well-Known Member
  • Jan 20, 2025
  • #150
Captain Dart said:
It's worth reading the accounts of Coventry City's holding company CovCityCo Ltd.

They do set out a number of objectives the club is pursuing including transfer balances and an intriguing statement about researching and developing injury rehabilitation and performance tracking capabilities. There is also a statement about the owner having the financial wherewithal to deal with the unlikely event of demotion to league one. Profit on player sales till May 23 was only £40k but those figures do not include Viktor Gyökeres or Gustavo Hamer transfers out and any subsequent transfers in. Turnover was £11.1m, salaries were £8.8m, losses were £4mm there is a £6m loan being paid back.

COVCITYCO LTD filing history - Find and update company information - GOV.UK

COVCITYCO LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
Click to expand...
The wording around the owner’s financial guarantee is very similar to what was said in relation to Derek Richardson and Wasps. I suppose when Wasps went tits up it was because of the inability to repay the £35m bond which is probably a number of multiples the size of any subsidy that Doug could have to make to honour that guarantee.

Im not an accountant, but I thought the sources of income to be interesting

Match receipts. £4,705,852
Broadcasting. £4,074,704
Other Commercial income. £2,342, 135

I was surprised that match receipts are relatively only a little more than broadcast income over a season (£631, 148).

Little wonder really that fans take last palace in any consideration between broadcast and supporters when it comes to, e.g., kick off times and fixtures being moved. The £631k would be the equivalent of about 800 walk ups per match or 1,600 adult season ticket holders.

There is also mention of “a new credit facility” being available.
 

Hobo

Well-Known Member
  • Jan 20, 2025
  • #151
Sky Blue Goblin said:
Haven’t been around the SBT block enough, is Hill another itk?
Click to expand...

I think he is more ITP (In The Pub)
 
Reactions: Brylowes, MalcSB, hill83 and 3 others

edgy

Well-Known Member
  • Jan 23, 2025
  • #152



Big Mike in town again today....

Points if you can name the golf course.
 

Gynnsthetonic

Well-Known Member
  • Jan 23, 2025
  • #153
Looks like the 17th at Ansty
 
Last edited: Jan 24, 2025

Somerset Sky Blue

Well-Known Member
  • Jan 23, 2025
  • #154
Gynnsthetonic said:
Looks like Ansty
Click to expand...
Memorial park pitch and putt?
 
Reactions: Captain Dart, Skybluekyle, clint van damme and 1 other person

mrfr

Well-Known Member
  • Jan 23, 2025
  • #155
edgy said:
View attachment 40959


Big Mike in town again today....

Points if you can name the golf course.
Click to expand...
Whitefields
 

Otis

Well-Known Member
  • Jan 24, 2025
  • #156
edgy said:
View attachment 40959


Big Mike in town again today....

Points if you can name the golf course.
Click to expand...
Seems like it hasn't been built properly. Is it one of Trump's?
 
Reactions: Skyblue Bangkok

PUSB-We_are_going_up

Well-Known Member
  • Jan 24, 2025
  • #157
edgy said:
View attachment 40959


Big Mike in town again today....

Points if you can name the golf course.
Click to expand...
Swansea’s pitch definitely got 18 holes
 

bawtryneal

Well-Known Member
  • Jan 24, 2025
  • #158
edgy said:
View attachment 40959


Big Mike in town again today....

Points if you can name the golf course.
Click to expand...
It’s not Mike Ashley it’s his son in law.
 
Reactions: Saddlebrains
D

Deity

Well-Known Member
  • Jan 24, 2025
  • #159
bawtryneal said:
It’s not Mike Ashley it’s his son in law.
Click to expand...
He runs the business now
 
W

wingy

Well-Known Member
  • Jan 24, 2025
  • #160
Is it that model number still going up to Newcastle when they've got a game on?
 

bawtryneal

Well-Known Member
  • Jan 24, 2025
  • #161
Deity said:
He runs the business now
Click to expand...
Correct but the poster said Mike Ashley in town.
 
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