Jump to content
Wanderers Ways - passion not fashion
Sign in to follow this  
TrickyTrotter

FV Ownership Model

Recommended Posts

It’ll be reet - just waiting for the Newcastle sale to go through before Ashley comes in for the swoop

Share this post


Link to post
Share on other sites
30 minutes ago, Roger_Dubuis said:

Portsmouth needed 2 administrations to sort themselves out, wonder if we can do it again to get rid of some more of the debt

Just fuck off that’s the most ridiculous statement I’ve heard in a long time 

Share this post


Link to post
Share on other sites
42 minutes ago, Roger_Dubuis said:

Portsmouth needed 2 administrations to sort themselves out, wonder if we can do it again to get rid of some more of the debt

Didn't realise Man U were in so much trouble.. 

Share this post


Link to post
Share on other sites
30 minutes ago, RONNIE PHILLIPS said:

Didn't realise Man U were in so much trouble.. 

Well they are suing the makers of footy manager for using their name without paying.

Must need a Bob or two

Share this post


Link to post
Share on other sites

Hill won’t be our manager for the start of next season. 

Share this post


Link to post
Share on other sites

No lower league club is going to go all out to appoint a new manager on a proper contract in the current climate.  Options would appear to be: 12 month extension to Hill on much reduced terms (given there might not be any matches); he stays on a month to month basis on similar terms to what he's on now;  someone like David Lee as "caretaker" if only to act as liaison with our (few) players; or we don't have a manager until the return of matches is relatively close, saving the associated salaries.

Share this post


Link to post
Share on other sites
7 hours ago, RONNIE PHILLIPS said:

Didn't realise Man U were in so much trouble.. 

According to the MEN their debt is increasing ... joyous! 😆

Share this post


Link to post
Share on other sites
1 hour ago, BOWTUN BAKED said:

According to the MEN their debt is increasing ... joyous! 😆

And the cunts who own them in the shopping mall business... happy days. 

Share this post


Link to post
Share on other sites
12 minutes ago, Mounts Kipper said:

And the cunts who own them in the shopping mall business... happy days. 

Surely sweaty Ken could finish the job off

Share this post


Link to post
Share on other sites

So we're not struggling to pay them and we aren't up shit creek for this particular thing then. Another non-story by the Thistleite

Share this post


Link to post
Share on other sites

Not great that less than 12 months in we are defaulting on payments to the Davies family and restructuring the payments to the administrators.

Share this post


Link to post
Share on other sites
2 minutes ago, LeggyMountbatten said:

Not great that less than 12 months in we are defaulting on payments to the Davies family and restructuring the payments to the administrators.

Well yes but these are not normal times and zero football income for three months was always going to have an impact on the original finance plan.

Share this post


Link to post
Share on other sites
6 minutes ago, LeggyMountbatten said:

Not great that less than 12 months in we are defaulting on payments to the Davies family and restructuring the payments to the administrators.

No, but then they (and many other clubs) probably weren't factoring a globally crippling pandemic into their calculations either.

Share this post


Link to post
Share on other sites

I understand that the pandemic is going to blow a hole in most club's finances but relying on the kindness of strangers doesn't seem to be a sustainable way to run a football club.

If we are so potless, why do we keep hiring people at exec level?  At the last count we have Beaugard, Andy Gartside, Phoenix - is Marland still there?  It just seems like overkill for a L2 club hemorrhaging money left, right and centre.

Share this post


Link to post
Share on other sites

Agreed. It’s becoming tedious how much we mortgage everything off. 

Share this post


Link to post
Share on other sites
2 hours ago, Marc505 said:

No, but then they (and many other clubs) probably weren't factoring a globally crippling pandemic into their calculations either.

Supposedly was agreed in March. I’d suspect this was agreed beforehand. 

Share this post


Link to post
Share on other sites
4 hours ago, LeggyMountbatten said:

I understand that the pandemic is going to blow a hole in most club's finances but relying on the kindness of strangers doesn't seem to be a sustainable way to run a football club.

If we are so potless, why do we keep hiring people at exec level?  At the last count we have Beaugard, Andy Gartside, Phoenix - is Marland still there?  It just seems like overkill for a L2 club hemorrhaging money left, right and centre.

Aye it worked so much better with a one man board. 

Share this post


Link to post
Share on other sites

Fuck me it must be a quiet news day if people are worrying about the fact that a deal that was done against the clock has been tweaked in the next few months. 
 

A few years I worked on a Joint Venture which held monthly review meetings so the two parties could put forward changes to the deal as the market changed. 

Share this post


Link to post
Share on other sites

Can we not just talk about Dominic Cummings instead? 😉

Share this post


Link to post
Share on other sites
2 hours ago, Ani said:

Fuck me it must be a quiet news day if people are worrying about the fact that a deal that was done against the clock has been tweaked in the next few months. 
 

A few years I worked on a Joint Venture which held monthly review meetings so the two parties could put forward changes to the deal as the market changed. 

Ah but - Was that a business coming out of Insolvency ? 

Surely administrator required proof of funding over 2-3 years and If ( and it is an If , because we dont have all the facts )  6 months down the line its being renegotiated with the major creditor -  its got to be a major concern . Irrespective of Covid . 

 

 

Share this post


Link to post
Share on other sites
1 hour ago, Benny The Ball said:

Ah but - Was that a business coming out of Insolvency ? 

Surely administrator required proof of funding over 2-3 years and If ( and it is an If , because we dont have all the facts )  6 months down the line its being renegotiated with the major creditor -  its got to be a major concern . Irrespective of Covid . 

 

 

I’m sure that FV had to show 2 years of funding, it’s only 2 months without games and they still have had the season ticket money, piss poor if they are already struggling. 

Share this post


Link to post
Share on other sites
3 hours ago, Benny The Ball said:

Ah but - Was that a business coming out of Insolvency ? 

Surely administrator required proof of funding over 2-3 years and If ( and it is an If , because we dont have all the facts )  6 months down the line its being renegotiated with the major creditor -  its got to be a major concern . Irrespective of Covid . 

 

 

The only person who needed proof of funding was the efl. It isn’t a stipulation of coming out of admin. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.