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Author Topic: Tony’s Statement.  (Read 320879 times)

Online Richard E

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Re: Tony’s Statement.
« Reply #180 on: June 02, 2018, 09:40:55 AM »
It’s all clear now

Not really. The FFP rules and whether or not the owner has any money are two separate issues. Even if we had all the money in the world we can't spend it.

Offline frank black

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Re: Tony’s Statement.
« Reply #181 on: June 02, 2018, 09:58:33 AM »
Tony may have just driven our coach over a precipice whilst whistling ‘self preservation society’


Offline Ads

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Re: Tony’s Statement.
« Reply #182 on: June 02, 2018, 10:02:58 AM »
I'll be honest that's the most heavy going article I've skim read. Yesh that's dry!

Board fighting, 15 years of losses or something.

Offline Lastfootstamper

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Re: Tony’s Statement.
« Reply #183 on: June 02, 2018, 10:08:13 AM »
I need one of them string-line board thingys what they use in murder investigations to visualise who's who and what's what.

Also, why did it say "Sex." for no apparent reason about two-thirds of the way through? Diversionary tactic? Suggestion?

Offline Matt Collins

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Re: Tony’s Statement.
« Reply #184 on: June 02, 2018, 11:01:35 AM »
All we know for a fact is that there are FFP rules which are definitely constraining us; that to date Xia has put in a ton of money, and that the amount hes put in is essentially right up to the limit of what he's allowed to do

None of this suggests he's broke. It will take more than a barely comprehensible article to convince me otherwise

Online kippaxvilla2

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Re: Tony’s Statement.
« Reply #185 on: June 02, 2018, 11:09:54 AM »
Easy I understand now.

Mr Fung Shuai synthetic
山 desires to the full story.
In took the lotus health 3 years and 5 months after the summer and usher in another great performance. The performance of the volume out, both from the continuous supervision to ask questions, as well as creditors of the parties is very tight and summer's capital, the financial pressure.
The challenges to Mr pcicb going?
In the thick of Anhui counter-attack the creditor to the Board
on the night wind, heavy rain in the morning of May 21, came to the Zhoukou City, winds accompanied by heavy rains that fell on Lianhua Road, but by the blazing a car rolled up fitful rain mist. This gives way to the lotus on the Henan Lotus health industry co., ltd. is even more obscure.
Obscure not only the rain curtain lotus in the health of the Headquarters buildings, including Lotus health prospects.
Formerly known as the Lotus Lotus health monosodium glutamate, created in 1983, and in August 1998, and listed on the Shanghai Stock Exchange. At the beginning of 2015, the core group and the primary lotus, to build the health industry ecosystem.
Time Back to the present.
On 21 May 1996 on the same day, the lotus Health Headquarters Building No. 18 conference rooms for the Company's 2017 annual meeting of stockholders. In addition to the normal work of the board of directors, board of supervisors, the concern is the consideration of the adoption of the additional directors of the motion, Mr WONG Wai-yin Fai Law and the two new faces an official presence in the lotus health board of directors.
The two new directors have attracted a lot of attention, is the background or speak with one of the new forces -- the thickness of Anhui Province.
Public information is displayed, the Yin Fai is now acting as the thickness of Anhui Capital Management Department deputy general manager. And the king of rule-six city, Anhui Province, has long been six on public security, procuratorial system, at the end of last year, were granted early retirement. The Anhui thick control Lee thick of Anhui Province and the city of six well-known entrepreneurs and their control over the main asset is the peak property group, that is, register to 6.
As the new face of the board of directors of the seat, lotus health controlling shareholders of the Company core Hong, chairman of the Board of Directors voting only Mr Kin and I, as well as chief financial officer of the army, the number of directors is the thickness in Anhui.
The thickness of the Anhui who? How to enter the lotus health board? This is a stranger to the creditor to the Board's story, the time for only a year.
The official website of Anhui thickness, the thickness of Anhui Province was founded in 2014 with a registered capital of 25 million yuan, is approved by the Anhui Provincial Government approved the establishment of, and approved by the ministry of finance for the record and China Banking Regulatory Commission approved the publication of the first batch of domestic financial assets with a negative volume acquisition of disposal of business qualified local asset management companies. The Company is a wholly owned subsidiary of the China Orient Asset Dongxing Shanghai Investment Holding Company Limited Joint Lead, Anhui liberal arts, Shenzhen Long Run, both inside and outside the enterprise resources, Anhui Province, the benefits of the establishment.
On the business side, the thick assets to finance the acquisition of disposal of bad assets business as the core, covered by the acquisition of the management of such creditors, equity, movable and immovable property and other forms of non-performing assets, debt recovery, debt restructuring, debt, corporate restructuring, asset securitization and other methods for disposal.
Lotus health and Anhui, thick, is the first intersection in 2017, June 2001.
At that time, the lotus Health Bulletin that its controlling shareholders of the Company core and investment holding company will be the Sale Shares of 1.15 billion shares (of the Company's total share capital of 10.83%) pledge to Anhui, thick, pledge for a period of one month, the pledge registration procedure has been completed. This is equivalent to a core purpose of investment in the health of the total number of shares held by the Lotus 98.94%. For the year ended on 7 February this year, the core purpose of investment has been in the lotus health of all shares pledged to Anhui, thick.
The lotus health and Anhui, thicker than the intersection between confined to the equity pledge in respect of claims which are linked.
In early February this year, the lotus health disclosure, the Company received the FUJIAN 平 million Fung-fu Investment Management Center Partnership (limited partnership) (hereinafter referred to as the Million Fung-fu) Notification of the assignment of the claim, on the basis of a feng-fu and the thickness of the Anhui signed the contract claims, Feng-fu is the law of the Company and the Sponsor's creditors and secured rights to transfer to the Anhui, thick, the Company and the Sponsor shall submit to the Anhui States fulfill their obligations under the thick repayment. Notice that the above-mentioned claims total contract amount of $2.2 billion.
Despite the fact that the Anhui thick already appears in the lotus health's board of directors which, according to its official website conversion information, it is clear that they have their own IPO plans.
Regardless, in less than a year, Anhui, thick from Lotus health strangers to the creditor, to today's principal, location, time is short, and the speed with which it was amazing.
The Executive Chairman of dense-for-blood brother exit the lotus health
newcomers to enter and exit the old face.
Concern for the long-term investors, listed companies, the Company's announcement is an important showcase listing company letter in the window. However, Lotus Health in May 2002, is the separation from the start.
On 8 May this year, Cinch Health Bulletin published

Online langleylions

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Re: Tony’s Statement.
« Reply #186 on: June 02, 2018, 03:36:24 PM »
Let's all get used to the fact that Dr tone hasn't got a pot to piss in . This club was bought for peanuts ffs even blues cost more .

Online langleylions

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Re: Tony’s Statement.
« Reply #187 on: June 02, 2018, 03:37:30 PM »
Anybody seen Simon Jordan's article .....worrying !!!

Online Clampy

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Re: Tony’s Statement.
« Reply #188 on: June 02, 2018, 03:42:32 PM »
Let's all get used to the fact that Dr tone hasn't got a pot to piss in . This club was bought for peanuts ffs even blues cost more .

I don't see how much Blues cost Carson Yeung has got to do with anything.

Offline ozzjim

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Re: Tony’s Statement.
« Reply #189 on: June 02, 2018, 03:47:07 PM »
I also think if we are this hard up financially, you only have to look around at other clubs to see that survival in the Championship for a few seasons, with a plan to build a side over time is not impossible.

Offline Toronto Villa

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Re: Tony’s Statement.
« Reply #190 on: June 02, 2018, 03:52:56 PM »
Let's all get used to the fact that Dr tone hasn't got a pot to piss in . This club was bought for peanuts ffs even blues cost more .

And you know that how exactly? We are bound by a stupid rule tying spending to revenues, so you have no idea if can or cannot spend beyond that.

Offline PeterWithesShin

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Re: Tony’s Statement.
« Reply #191 on: June 02, 2018, 03:57:44 PM »
I like Tony but i'm still very much on the fence about how much he actually has to invest in the club, if FFP wasn't an issue obviously. Problem is there isn't much evidence to be able to sway one way or the other, we spent money the first year but a lot was parachute payments, and FFP has stopped much further investment. I guess one of the key things will be if he's injecting the £8m cash each year that allows us to lose £13m a year.

Offline Proposition Joe

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Re: Tony’s Statement.
« Reply #192 on: June 02, 2018, 04:07:24 PM »
You can lose an average of £13m a year in this division, so it's always £39m over a 3 year period for us now until we either leave this division or there's a rule changes. However that's only if the owner injects £8m cash into the club each year. If he doesn't then it's a £5m a year loss, so then we could only lose £15m over 3 years.

The trouble is that accounting years don't match up to football seasons. The first accounts we posted while in this division in 16/17 surely included our last year in the prem and the prem-level wages. As we were not subject to FFP in that time our losses in terms of FFP should not have been the same as the loss in our accounts, right?

In fact, the 14M loss we posted in Feb 2018 was to y/e 31st March 2017. Meaning the one we posted the year before was for prem season only. So while under FFP we have only reported one loss of 14M. Is the speculation that our second lot of accounts under FFP, to y/e 31st March 2019, will be a lot worse? If not, what's the problem?

Online langleylions

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Re: Tony’s Statement.
« Reply #193 on: June 02, 2018, 04:09:51 PM »
Let's all get used to the fact that Dr tone hasn't got a pot to piss in . This club was bought for peanuts ffs even blues cost more .

And you know that how exactly? We are bound by a stupid rule tying spending to revenues, so you have no idea if can or cannot spend beyond that.
and you have know idea he has got the dough have you !!!!

Offline Matt Collins

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Re: Tony’s Statement.
« Reply #194 on: June 02, 2018, 04:11:49 PM »
Let's all get used to the fact that Dr tone hasn't got a pot to piss in . This club was bought for peanuts ffs even blues cost more .

Aaaaaaaaarrrrrggghhhhhhhh

FFP is restricting investment, it doesn’t make us ‘skint’. Xia bought the club for £57m (paid in cash), cleared £17m debt (in cash) and injected £49m cash into the club.

 


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