italiahorse
Well-Known Member
I thought that.
If you have taken out £20M during your ownership in fees and left debt in the club but liquidate it and anybody owed money looses out.
Have you made £20M?
For example could a management fee charge for in the region of £2-3 million a year be classed as them making money? Just a thought ......
They're not making money, but they want to get something back of what they've put in, is why.
So the current strategy is short term pain for long term gain, but it is an investment atm designed to get cash back, as opposed to just plugging holes. If it doesn't pay off, then off they toddle.
Relatively small loss in giving it a go, then not even bothering.
The reason why they would be of a mind to liquidate is that there virtually no assets to sell and by continuing to fund of the club in the long term will inevitably cost them even more money. I'm sorry to say that liquidation makes perfect sense by cutting their losses now.
this situation does need to be brought a conclusion now, if we keep playing at shitfields for another year or two , the club's future fan base will be non exsistant.I'm not sorry. Bring on liquidation and an end to this bollocks.
the current malaize is staggering Mark , future generations of fans are being lost , whatever the outcome ?, it needs sorting, and sorting now !People want the club liquidated.
Just staggering.
Ok maybe my choice of words wasn't great either. I don't necessarily believe that they will liquidate the club, however I think there is a possibility. I don't know much about how business works so I am not going to suggest anything as fact. However from rumours I have heard, and looking at things broadly, I do think that they have made money out of us, and have found it fairly easy to "sweep it under the carpet". I think it comes down to asking yourself why were they so keen to buy the club back out of administration and what have we found out from the liquidation process?
People want the club liquidated.
Just staggering.
the current malaize is staggering Mark , future generations of fans are being lost , whatever the outcome ?, it needs sorting, and sorting now !
What's the alternative to liquidation for a healthy club going forward?
Sisu load more debt onto the club then sell it off, resulting in a huge debt to the new owner?
Arab sheik buys us then pops his clogs?
Get the club earning a profit and pay back the debt over the next 80 years?
Honestly, if there's a better idea than liquidation out there I want to see it. We won't disappear, more likely (especially under the current circumstances) that the League knock us into the Conference or something. At which point we're truly back to square one financially for the first time since the 90s. Options like fan ownership, or another sensible stable sustainable model become available, rather than "I hope some corporation wants to build Nandos near a football stadium" (Fuck me, we'd bankrupt Jordan Clarke).
Why should we be liquidated and get to start debt free when there are lots of other clubs in more debt than us? Isn't that cheating?
Not if we plummetted into the depths of non league!
Incidentally, wouldn't be the football league's choice if we were to enter the conference or not.
Why should we be liquidated and get to start debt free when there are lots of other clubs in more debt than us? Isn't that cheating?
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I think it is and hence a (hefty) punishment, but that punishment shouldn't be extinction.
Clubs shouldn't be able to run up such debts in the long run, but to be honest I think the last 20 years have fucked so many clubs over there should be an amnesty.
That's all well and good but it's not the football clubs money that would written off, yeah many of the creditors will never get their money back but whiles it's written down they technically haven't lost it. Should HMRC, banks, investment firms, pension pots and individuals just say "ok, keep the money" with a mass "liquidation amnesty". It's easy for us to say, it's not our money that would be lost. Can you imagine how much money that would be if all clubs did it on mass.
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Made money out of us? Are you on crack? Anyway, it's an investment fund, they couldn't just brush it under the carpet as there are multiple investors.
You have to be careful what you say, it's known that people at the club read these boards and you are making allegations of fraud, not only against their own investors but against the taxman. Just make sure you have evidence to back these things up. Please read the sticky post on libel, would hate someone to get done for saying something silly.
We've played just 1/3 of a season away from Coventry, we haven't lost future generations of fans yet.
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Well my grandkids have gone. My Grandson has lost all interest and I notice a Man U shirt on his xmas list. My granddaughters now do solely horseriding.
Always enjoyed taking them on Saturdays when my son had them.
My son is the opposite, he seems to be more interested than ever before and wears his new top at every opportunity, even in bed sometimes!
But is he attending ? Lots of kids are struggling to go.
Some parents would take there kids up to the Ricoh if the kids wanted to go even if the parent was not that bothered.
Now its a big ask to do the same.
With so much on telly and teams like Man U in your face everyday they will get their football fix from TV. UP the villa
Still recoverable but definitely not after 3 years. If its 10 miles out the walk up is again difficult.
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