2 million cash pumped into the business in return for shares. Reported at companies house.

Edited December 6, 20214 yr by Mounts Kipper

13 hours ago, TrickyTrotter said:

Not sure this is the right place, but the figures in here are staggering.  Relegated clubs with £100+m.  If we get promoted shows the scale of the challenge for FV in the Championship.

I think Sharon has always said that, if/when we go up, we will need additional funding. Almost as if preliminary discussions have already been had. She's also said that may be extra money into the FV arrangements or, if necessary, new owners. I'd trust her to be ethical about these objectives but time would tell how it could pan out.

Regarding those numbers, plus parachute payments, it's a fact that yo-yo clubs exist for this reason. The trick is to get back up inside a couple of years or ... well, they could "do a Bolton".

Of course, those monies, huge as they are, are largely committed to overpaid players who have just let them down. Clubs who get relegated often have other, broader, issues. It's that disarray which dismantles in the longer term.

It's a double edged sword, you end up spunking silly money trying to stay in the Prem, that money all goes out while the club's infrastructure is neglected. Having players hungry to get to that level v ones on £30k a week or matter what, or are just looking for a way out. Not impossible.

Alan Sugar said, years ago, that every time Sky adds yet more money to its football coverage it just increases the debt most clubs end up in.

31 minutes ago, Dr. Feelgood said:

Alan Sugar said, years ago, that every time Sky adds yet more money to its football coverage it just increases the debt most clubs end up in.

He's got a cheek given he was the one who set the ball rolling in the first place

The Americans who recently acquired Burnley stipulated that in the event that Burnley were relegated from the premiership - which they were , then a sizeable chunk of the monies that they had put into the club by way of loans would immediately become due for repayment ,  

With interest the figure was circa £70 million, so Burnley are not quite at the same competitive advantage over other championship clubs as might be imagined and as some relegated clubs have historically been with parachute payments 

Securing additional debt on parachute payments may well be a model  more clubs owners adopt going forward 

 

Edited September 16, 20223 yr by Benny The Ball

2 hours ago, Benny The Ball said:

The Americans who recently acquired Burnley stipulated that in the event that Burnley were relegated from the premiership - which they were , then a sizeable chunk of the monies that they had put into the club by way of loans would immediately become due for repayment ,  

With interest the figure was circa £70 million, so Burnley are not quite at the same competitive advantage over other championship clubs as might be imagined and as some relegated clubs have historically been with parachute payments 

Securing additional debt on parachute payments may well be a model  more clubs owners adopt going forward 

 

In the long run, you'd imagine that would be beneficial. 

Stops them throwing more money away chasing an immediate return, which if unsuccessful, can lead to all sorts of trouble. As we know.

2 hours ago, Leyther_Matt said:

He's got a cheek given he was the one who set the ball rolling in the first place

Oh yes, absolutely, but at least he saw that more money just meant greedier players.

I'm all for market evonomics but football is crackers.

When the bubble bursts I'll be saying "I told you so". Which I did, a good 30 years ago !!

Another 2 million raised from shares issue same as 12 months ago. 

3 minutes ago, Mounts Kipper said:

Another 2 million raised from shares issue same as 12 months ago. 

I hope this is a positive sign- folk prepared to put a bit in as the club is being run well.

42 minutes ago, Mounts Kipper said:

Another 2 million raised from shares issue same as 12 months ago. 

In time for the January window…

2 minutes ago, Steejay said:

In time for the January window…

I said the same last year, I can't see it being for anything else.  

good old peel holdings

Just now, Casino said:

good old peel holdings

So what are you envisaging- a gradual transfer of ownership, sleeping partner or what?

houses in the centre circle

 

actually, ive no idea if its them, but it wouldnt come as a surprise

The dw may be houses quite soon...

Just now, Tonge moor green jacket said:

The dw may be houses quite soon...

Not on that swamp 

When do we find out who the shares are allocated to? 

14 minutes ago, Mounts Kipper said:

When do we find out who the shares are allocated to? 

When the stadium becomes Peel Park. 🤪

32 minutes ago, Mounts Kipper said:

When do we find out who the shares are allocated to? 

When the club files its next confirmation statement

That will be mid february 2023 and will detail shareholdings as at 10 january 2023

This latest allotment of shares is the 3rd since the last return was filed  - there were also shares issued in late January 2022 and in June 2022 - meaning that as at today there are something like 1.15 million shares issued since the last return was filed  but we dont know who has them at this point in time. 

 

Great picture of Kieran Lee scoring at the Reebok in the business section of The Times this morning. Looks as if it was against Charlton.  Lucky omen for today.

The article is about a report into the use of the COVID Future Fund and how the government now has equity stakes in a wide range of companies it never intended to have.  Quotes us and Killing Kittens which runs sex parties.

Well done FV.

 

1 hour ago, Cheese said:

She is an admirable woman.

In the realms of Saudi or huge US acquisitions her capacity for pouring funds into the club are obviously more restricted but there's just something worthwhile about her.

It's a club to be proud of again after years of embarrassment. 

Well said Doc.

I love it how we are never in the news except on the sports pages. Without evidence to the contrary, we appear to be living within our means, spending what we can afford and there is never anything negative about Sharon and FV, ticket office, NeilCEO and diluting crazy corner apart. These might not be that bad in the long run. Time will tell.

In Sharon we trust.

Looks like Evatt has been given B shares in the club. That’s what you call investing in the manager. No wonder he wasn’t interested when he was linked with championship clubs. 

What does that mean?