Quote from: sickbeggar on June 08, 2018, 12:47:18 PMThe really unfortunate thing in all this is we were within a year of finally getting a grip on the financial side. There's little point in reducing it one year, to then go on such a spending spree the year after that you almost cripple the club for good.
The really unfortunate thing in all this is we were within a year of finally getting a grip on the financial side.
Quote from: Damo70 on June 08, 2018, 08:07:35 AMPersonally I am not convinced that the notoriously hard nosed businessman that is Daniel Levy has suddenly turned into Father Christmas and is about to give us fifty million quid in cash up front for Jack Grealish. Which is how the media are making it sound. If anything our very public situation is a green light for people to take the piss with low offers for any of our players hoping we are desperate enough to accept.This was my worry. But the £50m injection may be a way of stalling the vultures and saying no fire sale, we want full value for our players.
Personally I am not convinced that the notoriously hard nosed businessman that is Daniel Levy has suddenly turned into Father Christmas and is about to give us fifty million quid in cash up front for Jack Grealish. Which is how the media are making it sound. If anything our very public situation is a green light for people to take the piss with low offers for any of our players hoping we are desperate enough to accept.
Cash buys time, so it looks like we will be able to negotiate better than in Admin.But every one knows our position and we vulnerable.
Quote from: ChicagoLion on June 08, 2018, 01:25:14 PMCash buys time, so it looks like we will be able to negotiate better than in Admin.But every one knows our position and we vulnerable.Everyone knows we fucked up but doesn't know our position.If the owner has found another £50m, then there's nothing that we're aware of to stop him doing it again.
Quote from: Drummond on June 08, 2018, 01:28:57 PMQuote from: ChicagoLion on June 08, 2018, 01:25:14 PMCash buys time, so it looks like we will be able to negotiate better than in Admin.But every one knows our position and we vulnerable.Everyone knows we fucked up but doesn't know our position.If the owner has found another £50m, then there's nothing that we're aware of to stop him doing it again.We still have FFP and cash does not solve that.
I'm struggling to reconcile the position of the accounts regarding losses and our current cashflow crisis. Something doesn't stack up. Are the accounts for the season just finished going to show something massively different to what was intimated only a few months ago.
Quote from: old man villa fan on June 08, 2018, 04:18:28 PMI'm struggling to reconcile the position of the accounts regarding losses and our current cashflow crisis. Something doesn't stack up. Are the accounts for the season just finished going to show something massively different to what was intimated only a few months ago.They are 2 separate items although making losses absorbs cash.FFP is concerned with the trading position and it is projected that our losses would be culmitively 80 million which we need to get down to 39 million so we have got to generate 40 million of revenue or savings.Our cash position has Ben subsidized heavily before by Lerner and now by Xia, the cash crisis is because there was not enough money around to settle creditors.The FFP situation is still to be addressed and which is why selling a Jack for example because we will make a large profit on the deal seems extremely likely.
Quote from: ChicagoLion on June 08, 2018, 04:55:52 PMQuote from: old man villa fan on June 08, 2018, 04:18:28 PMI'm struggling to reconcile the position of the accounts regarding losses and our current cashflow crisis. Something doesn't stack up. Are the accounts for the season just finished going to show something massively different to what was intimated only a few months ago.They are 2 separate items although making losses absorbs cash.FFP is concerned with the trading position and it is projected that our losses would be culmitively 80 million which we need to get down to 39 million so we have got to generate 40 million of revenue or savings.Our cash position has Ben subsidized heavily before by Lerner and now by Xia, the cash crisis is because there was not enough money around to settle creditors.The FFP situation is still to be addressed and which is why selling a Jack for example because we will make a large profit on the deal seems extremely likely.I wasn't talking about FFP as that is a separate item, although linked.What I meant was the cash position seems to be far worse than the loss declared in the accounts and the projected accounts for this season just finished.
What I don’t understand is why other teams that drop out of the PL don’t get caught by FFP such as the Baggies?!? Are they just smarter with the players contracts?!?
Quote from: jwarry on June 08, 2018, 05:23:20 PMWhat I don’t understand is why other teams that drop out of the PL don’t get caught by FFP such as the Baggies?!? Are they just smarter with the players contracts?!? Because they still have significant parachute money coming through as it is their first year. If, as we have done, they gamble all that money in the first two years and don't go up then they will be in exactly the same position. We are by far the highest profile club for this to happen to since Leeds.