Mackem2017
Striker
Haha what an absolute load of bollocks
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NUFC/Sportswashing - Summer 2022
- Thread starter PaddySAFC97
- Start date
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Binxy
Striker
SaintJude
Midfield
If Mike Ashley had done this, there’d be protests the lot. So why, isn’t there one now?
CARLOS CLASS
Striker
It’s because in my view he’s bang average and is no different to anyone Ashley signing
Fancy a private bet on whether you make top 8?
I will have a ton with you that you don’t?
Diaby or Paqueta will want a salary of £400K per week?
JL1985
Striker
Aye - we did that under Poyet in his first season.
The Mags, despite being bottom were never more than 6 points from 17th place. We were 7 points when Poyet took over. We were then 6 points from 17th with 6 games to go and still had Man City, Chelsea and Man Utd to play away.
D
Deleted member 1169
Guest
Frothing at the mouth that we are picking up on the pay day loan? At least post a screen shot so we can see the charge showing they have borrowed against TV rights. Even if true - how much have City owners injected to date?
Don't be a clown.
2021 a/c's show 76.1 of wages to turnover ratio.
So a fair chunk of that loan will go on wages, albeit they have season ticket money also.
2021 turnover was 140m and they likely added 25m to the wage bill since then so wages to turnover likely a higher ratio now which leaves very little left to sign either of those two players.
Dress it up however you want - this is not what you all expected.
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Grumpy Old Man
Striker
Actually, it's not; that's a standard debenture for a secured overdraft.
Burn has done a really good job since coming in. You only need to read the press or watch the games to see that.
I think 8 is a real possibility but unfortunateley im not in a financial position to put £100 on the table. Glady put a tenner on it for a bit of fun.
He was like Tern.
MidnightRoker
Full Back
They’re in a hole so deep it tests the limits of ‘too big to fail’
Fair dos, although an overdraft is still a form of financing to aid cashflow in the same way a loan is.
Then your mates are misguided and a bit daft, possibly why they are your mates tbhNo it’s not man!!!!
Chris Wood, Dan Burn, Nick Pope etc
I’ve absolutely loads of mates who are mags and they were ALL expecting different level players to the ones you are getting. Their expectations were to finish 6th or 7th this season and be closing the gap with the big 6
Father Jack Hackett
Striker
aye, course it is
Flea Market Trader
Striker
So you think you will beheading in the right direction then my sports washed murdering loving friend.
Thatheaderman
Striker
What's the fiddling west haters up to now.
Bastards ruining golf and football and its allowed cos ex President Plump likes a bit back hander and cant say no more about bumbling Boris and the PL
Fiddling kernts
Bastards ruining golf and football and its allowed cos ex President Plump likes a bit back hander and cant say no more about bumbling Boris and the PL
Fiddling kernts
We are currently stuck with legacy sponsorship deals, below market value for even the lower Prem League club that we are/were. Because of that we are relatively "cash poor", this brings in cash in advance and if all goes to plan and we improve/progress the future deals we make should be significantly higher.
We could have bought out the current sponsorship deals but I'm guessing that would have cost way more than any interest we'll pay on this loan (however much it is) even if we did a "new" deal would be based on what we currently are - a lower level Prem side, so we'd be locked into a new deal that if we do progress will be lower value than if we waited. Leaving it all alone to run out means if we have a good season new deals will be much higher.
Given the wealth of our owners it's not exactly a risk.
BTW I said the ownership MO was exactly how I hoped/expected, as in controlled and steady - which due to FFP is all you can do. This is simply further evidence of that. I hope we finish top 10 this season, that's the extent of my "expectation" and given the performances this year (last season) that is not unrealistic.
It's only the pissypants "I want it now" cretins who will be upset.
CARLOS CLASS
Striker
It’s not because they are my mates, it’s because they are mags
D
Deleted member 1169
Guest
Football clubs have cyclical cash flows so an overdraft facility is essential. It is not the same as a pay day loan where you borrow against future income. Just admit you were wrong.
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