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Open Letter To Ellis Short/Petition

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Grumpy Old Man said:
Probably a standup fight with the PFA. Easily started by instituting disciplinary proceedings for underperformance of contract. There'd need to be some kind of payoff, obviously, just not for the full value of the contract.
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This is exactly what I’ve been saying for a long time now
 
Grumpy Old Man said:
The answer is yes.
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Cheers mate.

So really; 80m would buy the club and allow significant investment in the squad, as long as the loan (which could be lower than 25m) is refinanced?

Obviously of course, after the initial cash injection, the club would need to start operating within budget, so future expenditure could be limited.
 
Grumpy Old Man said:
The club's had external debt for at least the last twenty years. It's a normal part of business. So long as it is at a level which can be periodically refinanced and the interest can be serviced comfortably it's not a problem. Our problem is that it's got out of hand in relation to where we are.
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Isn’t another huge issue though that the income of the club is falling and will soon take another dramatic tumble (parachute ends, season card sales disintegrate), so any new loan may be an issue against a new, incredibly low revenue

Hank Scorpio said:
Cheers mate.

So really; 80m would buy the club and allow significant investment in the squad, as long as the loan (which could be lower than 25m) is refinanced?

Obviously of course, after the initial cash injection, the club would need to start operating within budget, so future expenditure could be limited.
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Why would anyone pay 80m for SAFC, what do you actually get for that?
In business terms you would be buying a loss making business that faces further and significant reductions in its revenue streams in the near term.

I get heavily involved in M&A activity at work regularly and often on deals much larger than this one. From a hard nosed financial perspective, finding a buyer willing to part with £80m is romantic to say the least. Yes there is some potential but it’s not worth that amount of cash to anyone with businsss acumen and sanity
 
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Hank Scorpio said:
Cheers mate.

So really; 80m would buy the club and allow significant investment in the squad, as long as the loan (which could be lower than 25m) is refinanced?

Obviously of course, after the initial cash injection, the club would need to start operating within budget, so future expenditure could be limited.
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What some people seem to miss is that debt is a normal and accepted part of business, including football clubs.

A buyer wouldn't need to pay every penny off and would allow future profit/income to eat away at it.

A lower league club, with careful management and an above average gate could become viable after 2/3 seasons imo.

Reports of the club dying are premature ;)
 
CARLOS CLASS said:
Isn’t another huge issue though that the income of the club is falling and will soon take another dramatic tumble (parachute ends, season card sales disintegrate), so any new loan may be an issue against a new, incredibly low revenue



Why would anyone pay 80m for SAFC, what do you actually get for that?
In business terms you would be buying a loss making business that faces further and significant reductions in its revenue streams in the near term.

I get heavily involved in M&A activity at work regularly and often on deals much larger than this one. From a hard nosed financial perspective, finding a buyer willing to part with £80m is romantic to say the least. Yes there is some potential but it’s not worth that amount of cash to anyone with businsss acumen and sanity
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Two more years before parachute payments end although they do go down each year until they stop.
 
Reiver said:
What some people seem to miss is that debt is a normal and accepted part of business, including football clubs.

A buyer wouldn't need to pay every penny off and would allow future profit/income to eat away at it.

A lower league club, with careful management and an above average gate could become viable after 2/3 seasons imo.

Reports of the club dying are premature ;)
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Of course they are.

The debt level is not even that high when you consider the POTENTIAL revenue streams.

We are just badly run, someone with deep pockets and good intent would fettle us in a year.
 
North of the Smoke said:
Of course they are.

The debt level is not even that high when you consider the POTENTIAL revenue streams.

We are just badly run, someone with deep pockets and good intent would fettle us in a year.
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:lol: It's one of the highest debts in Europe ffs. We are the only one out of the top 13 that is not in a top league, and most of the others are regularly in the champions league.
 
Is there not an argument that supports the idea that maybe if the club is brought down to £50m then that leaves more cash to play with on a club that needs more than anything else money spending on it to get it back to some state of vigor?

Look at Liverpool FC say. They make how much? Squillions a minute or something? They are a seriously rich club certainly. They have a great team I think. The stadium is massive now. The manager is a top one and one that I think sooner or later will win something for them. What is needed spending on it? Nothing I can see.

Compare that to ours. From root to branch money needs spending on it at all levels in all areas. If any club is an attractive proposition as a club to work on, a project, surely it must be us.
 
ShieldsBlackCat2015 said:
Is there not an argument that supports the idea that maybe if the club is brought down to £50m then that leaves more cash to play with on a club that needs more than anything else money spending on it to get it back to some state of vigor?

Look at Liverpool FC say. They make how much? Squillions a minute or something? They are a seriously rich club certainly. They have a great team I think. The stadium is massive now. The manager is a top one and one that I think sooner or later will win something for them. What is needed spending on it? Nothing I can see.

Compare that to ours. From root to branch money needs spending on it at all levels in all areas. If any club is an attractive proposition as a club to work on, a project, surely it must be us.
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Yet you say we need to spend in every area of the club. As a businessman, that’d Cut me out of the equation unless it’s a vanity project.

I’d say that the club is a good ‘give-away’ but worthless as a purchase
 
shields_supporter said:
Yet you say we need to spend in every area of the club. As a businessman, that’d Cut me out of the equation unless it’s a vanity project.

I’d say that the club is a good ‘give-away’ but worthless as a purchase
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ooooh look at me I'm a sandy business man, fuck off man
 
shields_supporter said:
How many of the 7,600 are you then? I’d warrant you weren’t born long enough ago to be a ‘Vauxie’.

Keep tapping away on that keyboard
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Founder member actually even had me wedding reception there, so fuck off sandy business man, go and start a sheelds message board
 
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