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Could it get worse?

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The Archer said:
This unfortunately. I suspect all offers for anybody will be accepted and used towards the debt if this season is anything to go by.

The fact that the Pickford money was pocketed rather than invested says it all.
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It wasn't - we had about the same amount owing on previous transfers. All that money went on paying off those debts.
 

toosb said:
That's all true.
But I'd assume those clubs want a quick return to the Championship.
Our current regime couldn't give a fuck.
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Most of the clubs in the top 6 there have spent bugger all. I think Blackburn recruited 12 players for a total cost of about £1m, and in January Shrewsbury committed their first transfer fee in four seasons, reported as £250k. There'll be a desire to get back, just not a desire to commit money until the SBC situation is resolved. You can do that in League 1.
 
Without a doubt, we need some men in the team and some knowledge in the boardroom, I can’t think of many players I want to keep.

Gooch, Asoro, maja McNair.
The rest can all do one for me
 
Grumpy Old Man said:
Most of the clubs in the top 6 there have spent bugger all. I think Blackburn recruited 12 players for a total cost of about £1m, and in January Shrewsbury committed their first transfer fee in four seasons, reported as £250k. There'll be a desire to get back, just not a desire to commit money until the SBC situation is resolved. You can do that in League 1.
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It's not just about recruiting for next season. It's the asset stripping that'll likely continue.
If anyone offers anything like decent money they'll sell.
 
toosb said:
It's not just about recruiting for next season. It's the asset stripping that'll likely continue.
If anyone offers anything like decent money they'll sell.
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The brutal truth is that they need to be. The £68m loan expires next summer, and with reduced security (ie no PL income), it won't be possible to renew for that amount - maybe £25-30m tops. That leaves £40-45m to find. Half of that is covered by a bond the club had to lodge with SBC, but that still leaves a £20-25m shortfall. Unless Short ups his loan to the club (highly unlikely in the circumstances), the only possible source is player sales. And, being brutally honest considering their attitudes, most of the players who could raise a fee aren't the players we'll want or need next year. The only players I'd be upset to see leave for a fee are the young ones, particularly Maja and Asoro.
 
Grumpy Old Man said:
The brutal truth is that they need to be. The £68m loan expires next summer, and with reduced security (ie no PL income), it won't be possible to renew for that amount - maybe £25-30m tops. That leaves £40-45m to find. Half of that is covered by a bond the club had to lodge with SBC, but that still leaves a £20-25m shortfall. Unless Short ups his loan to the club (highly unlikely in the circumstances), the only possible source is player sales. And, being brutally honest considering their attitudes, most of the players who could raise a fee aren't the players we'll want or need next year. The only players I'd be upset to see leave for a fee are the young ones, particularly Maja and Asoro.
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f***ing hell....it gets more depressing every time I read it! What a mess!
 
Grumpy Old Man said:
The brutal truth is that they need to be. The £68m loan expires next summer, and with reduced security (ie no PL income), it won't be possible to renew for that amount - maybe £25-30m tops. That leaves £40-45m to find. Half of that is covered by a bond the club had to lodge with SBC, but that still leaves a £20-25m shortfall. Unless Short ups his loan to the club (highly unlikely in the circumstances), the only possible source is player sales. And, being brutally honest considering their attitudes, most of the players who could raise a fee aren't the players we'll want or need next year. The only players I'd be upset to see leave for a fee are the young ones, particularly Maja and Asoro.
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Has Bain not managed to shrink the £68m loan via his cost cutting?

He's clearly failed on the football front but I've read that's ok as he's done the job he was hired to do and lowered expenses.
 
toosb said:
That's all true.
But I'd assume those clubs want a quick return to the Championship.
Our current regime couldn't give a fuck.
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This is the key for me. Intent (or lack of it) look at Blackburn - even the Venkys sanctioned a deal to get Bradley Dack for 750K in the summer. It was signings like that and keeping people like mulgrew that persuaded Mowbray to stay and give league one a good go.

Our CEO is focused on cutting costs and football results don't matter to him. Simply not within his remit. I bet the Wigan chairman was desperate for them to get back into the second tier.

Grumpy Old Man said:
The brutal truth is that they need to be. The £68m loan expires next summer, and with reduced security (ie no PL income), it won't be possible to renew for that amount - maybe £25-30m tops. That leaves £40-45m to find. Half of that is covered by a bond the club had to lodge with SBC, but that still leaves a £20-25m shortfall. Unless Short ups his loan to the club (highly unlikely in the circumstances), the only possible source is player sales. And, being brutally honest considering their attitudes, most of the players who could raise a fee aren't the players we'll want or need next year. The only players I'd be upset to see leave for a fee are the young ones, particularly Maja and Asoro.
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This is why I think we're in for another tough season in league one. Football isn't part of the remit of the CEO it's all about cutting costs. At least we can be competitive when it comes to going for third tier players. Sadly under Short we can't be competitive in the top 2 leagues.
 
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LineMonkey said:
Has Bain not managed to shrink the £68m loan via his cost cutting?

He's clearly failed on the football front but I've read that's ok as he's done the job he was hired to do and lowered expenses.
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Doubtful so far, because going into last season we already owed clubs over £30m in transfer instalments, and Moyes committed another £30m+ during last year. We'll get a clearer picture one the 2016/17 results comes out, but I won't be surprised if transfer debtors (mainly Van Aanholt and Pickford) and creditors were roughly equal. The only way the debt might have come down is if the cost base has come down more than I thought was feasible, and the club somehow made a large trading profit.
 
Grumpy Old Man said:
No worries mate - but there are lots of people thinking that Short is literally trousering every penny coming in. He's been a bad owner, but not that bad/
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We're only in this position because of his ineptitude, but still owe him millions.
Yet he'll make sure he doesn't make a loss on us when he finally walks away. And we'll be handicapped by his presence until then.
 
SAFC Nooey said:
Dead and heading to league one. Could we end up being worse and find ourselves dealing with another relegation battle next season?
I see no hope or bright spark in this side, if ever one appears it soon gets shut out.
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If Short remains then yes it definitely will get worse
 
cluffy said:
That bloke on the radio tonight said we owe £70m plus shorts loan is £70m and after that we’ve got old transfer fees we put off paying at the time :neutral:
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Yes, I think that’s correct... we owe £140m to Short and an American bank about equally.... but then we have to add any fees we owe net of any we might receive from deals done for players out on loan. When you add that we are into contracts with Cattermole and Kone where we guarantee their wages until 2021 and Rodwell until June 2019 you start to realise how badly we have been managed by the employees of the Texas Tosser.
 
If any more than half a dozen of this years squad remain we’ll get our arses reamed on a weekly basis next season. The league leaders beat Man City and bottom club matched Spurs for three halves of football.
Bottom six nailed on unless owner or owners attitude changes.
 
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