FalkirkMackem
Winger
Except it is.
Any examples of these sly digs?
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Except it is.
oofProbably better off asking a team from the region more familiar with the division tbh.
Hartlepool or Darlington maybe.
The evidence is on the pitch.How do you know he hasnt? Donald said that Hill took care of many of the financial aspects of deals. I think i'd rather beleive Donald than a load of bed wetting idiots on a message board who somehow think they know better.
Richard Hill saved the club.
If the loan isn’t repaid then the Americans take over. Says he can’t say what the date for repayment is.
Many, many sly digs at the fans.
Parkinson has apparently been told to get Grigg scoring goals again.
He's not directly involved in recruitment - sure Donald said that last night.The evidence is on the pitch.
He's not directly involved in recruitment - sure Donald said that last night.
I think SD was alluding to the negotiations on some of the high paid players who left the club. It’s conceivable that he did a good job there and made some significant savings.He has a big say in transfers if this quote from Coton is true:
As Coton puts it: “Richard Hill is very approachable. It’s my job to target the players and bring them to Richard and he will see if they fit in with the financial elements.”
Hill will be the man in charge of Donald’s money. He will negotiate the fee and then the wage with the player.
So am I right in thinking that effectively the new owners could've taken £100m out of the club to clear that debt if we became, for example a successful premier league club over a sustained period of time. And if anyone else wanted to invest in the club at any point, they'd have to take some responsibility for the debt to Madrox?The club owed Ellis Short £100m. He wanted to sell the club to Donald, but have the club then owe Donald £100m
Donald said he didn't want that "debt" to be owed to him, so Ellis wiped it off.
So they did use the parachute payment to buy the club then!He explained it very clearly. Ellis wanted the money up front they used the parachute payments to pay £25m and he would put it back in over the next four season, can’t remember the exact split by year.
So if Stewie and Meths did indeed use the £15m parachute payment to enable them to buy the club and pay Short off, then surely one question that needs to be asked is " When is this money going to be repaid back to the club" and does this "Loan" from FPP override the repayment of the fifteen million....All these two are doing is straightforward shifting money about for peter to pay paul..For me, after my experience in running million pound companies, they are simply manipulating the system which I guarantee will end in disaster.Aye, some of the more financially astute in the RAWA have got some working out to do before next week.
They’re literally direct quotes, you muppet![]()
Yes he said last night that the business plan was to repay it over 4 years basically, I can’t recall the exact split.So they did use the parachute payment to buy the club then!
So if Stewie and Meths did indeed use the £15m parachute payment to enable them to buy the club and pay Short off, then surely one question that needs to be asked is " When is this money going to be repaid back to the club" and does this "Loan" from FPP override the repayment of the fifteen million....All these two are doing is straightforward shifting money about for peter to pay paul..For me, after my experience in running million pound companies, they are simply manipulating the system which I guarantee will end in disaster.
Said Mags and our supporters are the best.
Was frustrated with Methvern's fixing the lift comment.
£500k to get the sol roof fixed.
That was the FPP "loan" he did not mention anything regarding the parachute payment being returned. There are certainly more questions that need answering from these two but if as you state Donald is going to return any of the money used by him to purchase the club, it needs to be clearly seen as being repaid in the accounts next year...I wouldn't put money on that , thats why he has Jameson's involved..Yes he said last night that the business plan was to repay it over 4 years basically, I can’t recall the exact split.
Would be interested to know if that’s happened or not.
It does also raise the question of what we need a loan for if we are getting this years parachute payments and the £5m SD is paying in we should have loads of money.
So they did use the parachute payment to buy the club then!
So if Stewie and Meths did indeed use the £15m parachute payment to enable them to buy the club and pay Short off, then surely one question that needs to be asked is " When is this money going to be repaid back to the club" and does this "Loan" from FPP override the repayment of the fifteen million....All these two are doing is straightforward shifting money about for peter to pay paul..For me, after my experience in running million pound companies, they are simply manipulating the system which I guarantee will end in disaster.
Well, he does have 8 accounts to your one by the looks involved...It will all come out in the wash But,! I'll not hold my breath for the £15m being repaid.When Short left, he took £25m of the debt to SBC with him. This is evidenced by the fact that a loan facility for £25m to Drumaville was created when the takeover happened, secured on the assets of Drumaville, the company the owns the Hilton (which is where i found the charge document) and a Bermuda based property company owned by Short. That is the element that was effectively paid for by the club. The original intention had been to have the parachute go direct to Drumaville, but it was pointed out that PL rules meant that it had to go into an account in the club's name first. If the intention always was that the parachute was going to be used to pay off the last of the loan, it would have been far better to leave that in the club. But Ellis wanted to be seen to leave the club debt free. Ellis's price for the shares was actually £15m, but the loan arrangement created a complication which meant that the loan repayment ended up as part of the investment cost in Madrox's books. I've spent some time trying to work out whether there was an alternative accounting treatment, but I haven't been able to.
It was £25m and he explained it perfectly for the first time. It’s exactly what people thought but the first time he’s come out and said he basically bought the club for £15m.well put..
Still did not say what happened to the £15m parachute payment he used to buy the club with.