FIVE
Striker
I screenshot the pms man. Ill just leave it hanging out there.I have no idea what you're talking about about "round robin" PM groups.
Theres an agenda.
Check out @radjee gadjee profile and the comments left........cough cough.....etc.
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I screenshot the pms man. Ill just leave it hanging out there.I have no idea what you're talking about about "round robin" PM groups.
The majority of our debt is now with a third party at 9% APR.
You think Drummaville did worse? Why?
I have no idea what you're talking about about "round robin" PM groups.
Well 3 seasons watching the lads home and away in the championship and two watching us in the prem go down with a record low point total. But no, no idea.
APR doesn't apply to corporate debt. The interest is paid at a flat rate an annual basis. Incidentally, said debt is in two parts, a £20m revolving credit facility ( a bit like an overdraft), of which the club had drawn down £15m at the end of 2014/15 year. There is also a term loan of £50m, which is subject to schedules repayments, and is due to be paid off by July 2019.
For what it's worth, Drumaville had totally run out of money. If Short hadn't stepped in, the club would have gone into administration in 2011. With hindsight, from a debt perspective, this might not have been a bad thing. From a playing perspective, it would probably have seen us relegated in 2011/12.
I screenshot the pms man. Ill just leave it hanging out there.
Theres an agenda.
Check out @radjee gadjee profile and the comments left........cough cough.....etc.
The majority of our debt is now with a third party at 9% APR.
APR doesn't apply to corporate debt. The interest is paid at a flat rate an annual basis. Incidentally, said debt is in two parts, a £20m revolving credit facility ( a bit like an overdraft), of which the club had drawn down £15m at the end of 2014/15 year. There is also a term loan of £50m, which is subject to schedules repayments, and is due to be paid off by July 2019.
For what it's worth, Drumaville had totally run out of money. If Short hadn't stepped in, the club would have gone into administration in 2011. With hindsight, from a debt perspective, this might not have been a bad thing. From a playing perspective, it would probably have seen us relegated in 2011/12.
I'll happily retract if I'm wrong but as I understand it, we owe approx £60m to the bank and approx £90m to him.
So if we go down the only real debt repayment issue is to the bank as his debt would be frozen at worst and written off at best. That was the point of putting the bulk in his name.
To go down with effectively a £60m of debt is not ideal but it's more than survivable.
If you listen to the various Bain and Moyes interviews its suggests its wages and FFP are the issue not fees. Which suggests Short might yet still be happy to lash out big fees. Probably as another £20m now will get him £80m in summer when he sells(stop up) . But he can't due to hitting the buffer on FFP wage rules.
I'll happily retract if I'm wrong but as I understand it, we owe approx £60m to the bank and approx £90m to him.
So if we go down the only real debt repayment issue is to the bank as his debt would be frozen at worst and written off at best. That was the point of putting the bulk in his name.
To go down with effectively a £60m of debt is not ideal but it's more than survivable.
If you listen to the various Bain and Moyes interviews its suggests its wages and FFP are the issue not fees. Which suggests Short might yet still be happy to lash out big fees. Probably as another £20m now will get him £80m in summer when he sells. But he can't due to hitting the buffer on FFP wage rules.
OK. So APR is the wrong term. But we are paying 9% interest on debt p/a right?
Full respect mate. I like you fully acknowledge the root of the problem.Can all the posters who think Short is a good owner but has just been let down by a series of mangers list their names here.
When Short finally fucks off and it becomes clear for all to see what a disaster he's been I think it would be helpful to have a record of who the most gullible / stupid supporters are.
Cheers.
Nail on the head.I like him but he has got too many appointments wrong. He's done enough to warrant no animosity from me though. Invested bucket loads and we have affordable football in our longest stint in the top flight for ages.
Theres an agenda.
Check out @radjee gadjee profile and the comments left........cough cough.....etc
https://www.readytogo.net/smb/members/radjee-gadjee.3087/
Your a cracking poster mate and I enjoy your posts because you do in the main speak a lot of sense. However, when you use the word "unlucky" with Shorts reign, that really does not wash. He can't be " unlucky' for 7 plus years, h can't be "unlucky" with every manager he appoints etc etc.I think of course he is ultimately to blame but he has been a bit unlucky, I think we almost certainly shouldn't be as bad as we are for the money he has allowed to be invested. Of course he must take an element of the blame for his appointments but a fair few of those were well supported at the time.
As with most things the truth lies somewhere in the middle of the two extremes that will probably be taken on here.
Your a cracking poster mate and I enjoy your posts because you do in the main speak a lot of sense. However, when you use the word "unlucky" with Shorts reign, that really does not wash. He can't be " unlucky' for 7 plus years, h can't be "unlucky" with every manager he appoints etc etc.
True I probably woudn't say that with all his appointments I think and thought at the time that the whole PDC and RDF think was really poor. However having allowed such money to be spent by Bruce at the time and MON I think he is entitled to feel a bit unlucky that we weren't in a better position and I wouldn't blame him particularly up to that point.Your a cracking poster mate and I enjoy your posts because you do in the main speak a lot of sense. However, when you use the word "unlucky" with Shorts reign, that really does not wash. He can't be " unlucky' for 7 plus years, h can't be "unlucky" with every manager he appoints etc etc.
Get in I trust you mean me being a cracking poster rather than the short stuffThis imo.
True I probably woudn't say that with all his appointments I think and thought at the time that the whole PDC and RDF think was really poor. However having allowed such money to be spent by Bruce at the time and MON I think he is entitled to feel a bit unlucky that we weren't in a better position and I wouldn't blame him particularly up to that point.
Cheers for the compliment as well!!!
Get in I trust you mean me being a cracking poster rather than the short stuff
Whoever is to blame it's us, the long suffering fans who are the bedrock of this club. Let's not forget that and stick together, because without us there is no club.Can all the posters who think Short is a good owner but has just been let down by a series of mangers list their names here.
When Short finally fucks off and it becomes clear for all to see what a disaster he's been I think it would be helpful to have a record of who the most gullible / stupid supporters are.
Cheers.