Give a dog a bone


Status
Not open for further replies.
Makes me feel more positive about the club than I am already. Great article virtually straight from the horses mouth and not from Horswills mouth.

Actually, I've never listened to the leg ends but I assume that a certain presenter and former SAFC player isn't too popular on there.
 
I think people forget that this is the bloke running the club and not Quinny.

Yep,Walton is the financial expert and Quinn knows fuck all about what's going on financially.
Walton is a Seaburn lad and highly experienced in running football clubs(think he has been involved in 10 PL clubs in past) and I believe Walton far more than Quinn.
 
Yep,Walton is the financial expert and Quinn knows fuck all about what's going on financially.
Walton is a Seaburn lad and highly experienced in running football clubs(think he has been involved in 10 PL clubs in past) and I believe Walton far more than Quinn.

De yer knaar nowt man!! FFS, he might be a financial expert, but The Sun and The Mirror have better ones and much better placed to give a truer reflection on the SAFC financial situation and its implications on the manager and how much he can spend than some bean counter at the club......:roll:
 
De yer knaar nowt man!! FFS, he might be a financial expert, but The Sun and The Mirror have better ones and much better placed to give a truer reflection on the SAFC financial situation and its implications on the manager and how much he can spend than some bean counter at the club......:roll:

Sorry bud,I forgot that Simon Bird and Steve Brenner are the new financial whizz kids.:lol:
 
They will still be posters who dont believe a word Walton says as they dont understand the P&L, and they will be posters gutted that we aint about to sink without trace.

3 points required tomorrow tho or top seven will become that much more difficult, haway lads.

To be fair, there will be posters who believe every word he says who don't understand a profit and loss.
 
That would be bloody funny if it wasn't so true. As it is it is just sad. Fair play to anyone has enough about them to look at something objectively, arrive at their own conclusions, and argue them accordingly. But for about 99% of those most vehemently defending what Quinn had said, and villainising those who were criticising it, all they could manage to come up with to justify their opinion amounted to "coz Niall said so, innit".

Can't speak for anyone else, but I mainly defended what Quinn said against people who went out of their way to exaggerate, misinterpret and even lie.

Excellent article. SAFC has the right man for the job, in all jobs from top to bottom. And I never thought I'd see the day when they even got one right.

That's how you make people want to go, Niall.

Good cop, bad cop.
 
Magic. It would be interesting to see Sea Dog's opinions on this statement.
 
A deaf and blind technophobe asleep in a cave on the dark side of the moon is more in touch with SAFC than that fella. :lol:

And yet I knew every word Quinn said, and that none of them remotely "dragged the name of all Sunderland supporters everywhere through the mud".

Someone else said that, though they could have just said "Attention seeking wannabe spokesperson seeks angry mob".

Mind if I'm wrong, he can always post Quinn quotes showing exactly where he did that, and I'll apologise immediately.
 
Bollocks. Anything that was positive or argued accordingly was ignored or lost in amongst pages and pages of hysterical drivel and instead threads were full of people, like you, who were right no matter what.

Yes, there were a few who just hang on every word but there are more than enough who can think for themselves and have different views to you and your mates sitting around the poker table.

:lol: well said.

I believe in my own opinion and I will happily state it, justify it, and defend it if need be. I never believe I am "right" though. I am a historian. I believe in multipal justifyable interpretations, not absolutes. But, to be honest, on those threads I, and most who shared my opinion, spent considerably more time defending our right to interpret what Quinn had said in the first place rather than discussing what our actual interpretation was - largely for the reasons I stated above.

And you're unfortunately so far up your own arse that even a "deaf and blind technophobe asleep in a cave on the dark side of the moon" has a better view.

Though you can change my mind by posting the Quinn quotes, by way of "justifying it".
 
we're skint

Walton explained: "When you look at the amount which is actually lost in the accounts, most of that is a result of amortisation of players.



By that we are running at a loss BEFORE player amortisation. this isn't a problem if we either sell players for more than we buy them (I think this is Bruce's job and he is good at it) or Short covers the difference.

In the long term the wages to sales ratio needs to come down.

It's a decent spin but not the wonderful endorsement of SAFC that people seem to think. IMHO.
 
Walton explained: "When you look at the amount which is actually lost in the accounts, most of that is a result of amortisation of players.



By that we are running at a loss BEFORE player amortisation. this isn't a problem if we either sell players for more than we buy them (I think this is Bruce's job and he is good at it) or Short covers the difference.

In the long term the wages to sales ratio needs to come down.

It's a decent spin but not the wonderful endorsement of SAFC that people seem to think. IMHO.


TBH this is what allayed my fears particularly with the wages ratio

Meanwhile Walton also says that the club's income levels should ensure that the percentage of turnover taken up by wages falls in the current financial year.

That marks part of a planned progression to turn a profit at the operating level and continue the encouraging trend of further reducing external debts.

The continued progression of the club on the commercial side is also important to Walton, who already has a good impression of the financial picture for the next set of accounts.

"The reason I'm comfortable is because I'm aware of what our figures are going to be for this financial year," he said.

"The majority of the numbers are more or less cast in stone. We will be turning over more money this year because the TV deal was better and we've been doing well on the pitch.

"Our wages have gone up again, but crucially the percentage of wages to turnover will decrease.

"We've received some criticism for the figure being above 80% that certainly won't be the case this time.

"We are going to see a journey where we've peaked in terms of the losses and are going forward reducing that loss each year.
 
I was expressing the fact that I consider anyone who is happy to throw around personal abuse to people who they disagree with yet totally unable to justify their own argument to be individuals of genuine stupidity.

Coming from the person who:

Said 2 posts earlier (without me having said a word on this thread): "A deaf and blind technophobe asleep in a cave on the dark side of the moon is more in touch with SAFC than that fella (HBT)"

Has failed on 6 requests to produce Quinn quotes to "justify their own argument" that Quinn has "dragged the name of all Sunderland supporters everywhere through the mud".

So I hereby declare that you are, by your own rules, an "individual of genuine stupidity". :lol:
 
TBH this is what allayed my fears particularly with the wages ratio

So we are spending more on wages but the Sky deal is bringing more money in.

We are generating no surplus for player acquisitions and are reliant on Short pumping money in or Bruce making a profit. That is fine in the short run (no pun intended) but not sustainable.

I'm not that bothered, i think bruce can make money, he will buy when young and sell when they are in the prime. I think Short will continue to support the club, it's his pet project BUT walton's spin is just spin. IMHO.
 
What's clearly happening here is that Short is buying up players with immediate resale potential, it's Bruce's job to find them, and Quinn's to make sure the world knows it's our fault when they get sold post haste for profit.

I knew I should have listened to the Quinnyknockers. :cry:
 
There's nothing particularly ground breaking in the article. Plenty of it has been explained o. Here before by various posters but it gets lost in amongst the shite posted.

The accounts didn't worry me in the slightest anyway. They showed that basically we're not owing money around left right and centre to companies/HMRC etc that could decide to call the debts in. There was also no indication in them that Ellis Short is just trying to make easy money from us either - so it's in his interests to improve us as a company should he want to sell up.

Accounts always look back and are immediately out of date. Forecasts are forward looking statements which as Walton alludes to, is currently more positive.

We've been going through a massive transformation that needed significant capital investment. From now on, barring disastrous results on the pitch, that investment will start to pay dividends. No need to keep spending / selling in huge numbers every year, knock on effect of a more stable wage bill as well, focus on improving the brand image of the club now the investment is in place etc.

Oh, and them accounts also showed that some directors have taken massive paycuts as well. Interesting.
 
Status
Not open for further replies.

Back
Top