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Confirmed KLD only owns 41%

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sadsack01 said:
Agree and disagree. As a group of Madrox, they have their individual percentages contributing to the 59% of finances. One could disagree with a decision and the other two agree. It still doesn't matter though because once it goes to boardroom voting, they have to do whatever the vote decides.
Generally speaking, this kind of vote isn't on specific player transfers, for example, but how much to make available each window. Looking at January, we've actually spent more than people realise because we've brought in a few loans. Fees are normally associated with loans.
Matete is widely known to have been over 1m alone. Then consider all of the wages or percentage of wages to the parent club we'll be paying (plus agent fees etc)
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And you know this how ?
LineMonkey said:
Short may have initially cared but ultimately lost interest in the club.
He sold it to Madrox, fully aware they couldn't afford it and were using parachute payments to fund the purchase.
He's as guilty as anyone.
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Maybe so, but had he not sold it then he would have lost lots of millions of these ££££$$$$
 
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As it stands, I do not see an incentive for KLD to buy out D&M. The overheads of the club are too big for L1, so the financial risk is large. I can understand if the Louis Drayfus family doesn’t want to go all in with that risk. Having Madrox all put in money when required by shareholder obligations helps spread that risk across multiple parties.

Once promoted, the extra £4-5m in solidarity payments is etc makes the club financially viable. Increasing its value. KLD can then take Donald at his word and buy at the same price as previously. Which is then a good deal for KLD.

That’s just business. All parties want to as a priority minimise losses and if possible maximise gains. All this stuff about falling out, briefing and counter briefing in the press to influence fans etc is just fans applying the emotions of fans to what is ultimately an emotionless business decision.
 
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Blyth said:
So they’ve stuck 21 million in since the took over, but they owed SAFC 20 million. Great :lol:
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No they haven't.
On paper it looks like they have but the Alvarez money was already offset and accounted for in previous accounts pre-chancers
 
Could us supporters somehow buy methven out of the club? It’s a small percentage but don’t know the costs or moving forward how it would work.
 
UpTheDuff said:
As it stands, I do not see an incentive for KLD to buy out D&M. The overheads of the club are too big for L1, so the financial risk is large. I can understand if the Louis Drayfus family doesn’t want to go all in with that risk. Having Madrox all put in money when required by shareholder obligations helps spread that risk across multiple parties.

Once promoted, the extra £4-5m in solidarity payments is etc makes the club financially viable. Increasing its value. KLD can then take Donald at his word and buy at the same price as previously. Which is then a good deal for KLD.

That’s just business. All parties want to as a priority minimise losses and if possible maximise gains. All this stuff about falling out, briefing and counter briefing in the press to influence fans etc is just fans applying the emotions of fans to what is ultimately an emotionless business decision.
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No chance an extra £4-5m makes the club viable in the championship especially if we want to compete for promotion!
The championship is more of a financial car crash than league one and we would be competing with teams getting £60m in parachute money.
 
UpTheDuff said:
Once promoted, the extra £4-5m in solidarity payments is etc makes the club financially viable. Increasing its value. KLD can then take Donald at his word and buy at the same price as previously. Which is then a good deal for KLD.
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That would be swallowed up in increased wages and if you have any ambition decent Championship players don't cost what League One players do.

There's not a club in the Championship that turns a profit.
 
The Shark said:
Could us supporters somehow buy methven out of the club? It’s a small percentage but don’t know the costs or moving forward how it would work.
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We could have bought Donald out according to Donald :lol:
 
sksk3021 said:
No chance an extra £4-5m makes the club viable in the championship especially if we want to compete for promotion!
The championship is more of a financial car crash than league one and we would be competing with teams getting £60m in parachute money.
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There is the EFL TV money (£2-3m) and the £ per live game as well on top of solidarity so it will be closer to £10m extra all in.

In any case, I was just talking about the overheads rather than playing budget. Operating costs for the stadium etc stays the same whatever league you are in so the extra income might mean you can sort the PA system, open the ticket office, and all the other things there is clearly no spare money to do currently in L1.

Being competitive playing-wise in the Championship is a different thing and will probably take several years of KLD’s approach to buying young and cheap to develop players (either to improve the team or sell on).

Your academy helps with the players, the fact you could get 45,000 a week means you are well placed for FFP.

Bigger crowds and a less restrictive FFP in the Championship does mean KLD can put in significantly more money on wages than currently and probably outspend a lot of the clubs who get 15,000 fans in the Championship. No instant fix and may take several years to compete in the Championship top six.

Just as an outside observer who has watched L2 and L1 for more than 20 years I believe that in L1 your stadium is a burden which could bankrupt you in the future but in the Championship it is a platform for growth.
 
UpTheDuff said:
As it stands, I do not see an incentive for KLD to buy out D&M. The overheads of the club are too big for L1, so the financial risk is large. I can understand if the Louis Drayfus family doesn’t want to go all in with that risk. Having Madrox all put in money when required by shareholder obligations helps spread that risk across multiple parties.

Once promoted, the extra £4-5m in solidarity payments is etc makes the club financially viable. Increasing its value. KLD can then take Donald at his word and buy at the same price as previously. Which is then a good deal for KLD.

That’s just business. All parties want to as a priority minimise losses and if possible maximise gains. All this stuff about falling out, briefing and counter briefing in the press to influence fans etc is just fans applying the emotions of fans to what is ultimately an emotionless business decision.
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I’m still to be convinced promotion is our aim.
 
UpTheDuff said:
There is the EFL TV money (£2-3m) and the £ per live game as well on top of solidarity so it will be closer to £10m extra all in.

In any case, I was just talking about the overheads rather than playing budget. Operating costs for the stadium etc stays the same whatever league you are in so the extra income might mean you can sort the PA system, open the ticket office, and all the other things there is clearly no spare money to do currently in L1.

Being competitive playing-wise in the Championship is a different thing and will probably take several years of KLD’s approach to buying young and cheap to develop players (either to improve the team or sell on).

Your academy helps with the players, the fact you could get 45,000 a week means you are well placed for FFP.

Bigger crowds and a less restrictive FFP in the Championship does mean KLD can put in significantly more money on wages than currently and probably outspend a lot of the clubs who get 15,000 fans in the Championship. No instant fix and may take several years to compete in the Championship top six.

Just as an outside observer who has watched L2 and L1 for more than 20 years I believe that in L1 your stadium is a burden which could bankrupt you in the future but in the Championship it is a platform for growth.
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That's part of the point here, he can't put it in, he is only funding 41%, the other owners need to agree to fund the rest or sell.
 
Sounds to me like KLD could have bought all Donald and Methven's shares from the outset but chose not to going off that quote.

It's probably all bullshit anyway, like.
 
Lord Alfred said:
That would be swallowed up in increased wages and if you have any ambition decent Championship players don't cost what League One players do.

There's not a club in the Championship that turns a profit.
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You are paying over the odds for L1 players anyway so won’t be a huge step up in wages, especially with KLD’s approach to buy young and cheap rather than overpay for names or semi-retired former Premier League players.

As per my post just above your quote, I wasn’t talking about profit or playing budget - just being able to operate the club infrastructure in a sustainable way.
sksk3021 said:
That's part of the point here, he can't put it in, he is only funding 41%, the other owners need to agree to fund the rest or sell.
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Yes, see my post earlier in that conversation. Once promoted and the non-playing balance sheet becomes sustainable then there is more incentive for KLD to buy them out and I believe he would. Currently, with the financial risk, I believe he doesn’t want to put any more cash in so the risks are shared with Madrox.
 
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