Babylon Posted 7 March 2006 Posted 7 March 2006 Bellow are the trusts comments on TB. "In terms of financial security the club are ok, have an agreed overdraft facility with their bank which hasn't been breached. However Tim Davies revealed at our AGM that the £1 million coming our way as Wigan will stay up is already swallowed up covering the shortfall in match ticket sales this season. Given the parachute payment will now be ended, this cuts a further £2 million off the revenue for next season. The original plan for the Tigers ground share would have easily offset this in a mixture of shared costs saved & revised payment terms for the stadium finance arrangement. With the majority of the remaining players contracts having 2 years+ to run, it does indicate very limited transfer activity in the summer & the increased liklihood of selling a player(s) which would attract a good fee. Bringing in a new manager still under contract would also further dent finances." Personally I was expecting something like this to happen. A question to those who were against the Tigers coming and birch going. Would you agree to those moves if it meant keeping our best players, Stearman, Fryatt, Hume, Weso??
Dr The Singh Posted 7 March 2006 Posted 7 March 2006 Bellow are the trusts comments on TB. "In terms of financial security the club are ok, have an agreed overdraft facility with their bank which hasn't been breached. However Tim Davies revealed at our AGM that the £1 million coming our way as Wigan will stay up is already swallowed up covering the shortfall in match ticket sales this season. Given the parachute payment will now be ended, this cuts a further £2 million off the revenue for next season. The original plan for the Tigers ground share would have easily offset this in a mixture of shared costs saved & revised payment terms for the stadium finance arrangement. With the majority of the remaining players contracts having 2 years+ to run, it does indicate very limited transfer activity in the summer & the increased liklihood of selling a player(s) which would attract a good fee. Bringing in a new manager still under contract would also further dent finances." Personally I was expecting something like this to happen. A question to those who were against the Tigers coming and birch going. Would you agree to those moves if it meant keeping our best players, Stearman, Fryatt, Hume, Weso?? I can see Stearman and Gareth Williams being sold to generate revenue!!!
Guest Posted 7 March 2006 Posted 7 March 2006 The groundshare is a short-term fix. Getting rid of the Birch will not keep any of those players here for half a season let alone the whole. The best solution for us is to stay up, keep Kelly, then hope we get off to a flyer when the new season starts. No compo, and increased ticket revenue. It's all ifs and buts at this stage, though.
Ric Flair Posted 7 March 2006 Posted 7 March 2006 The good thing for this club is that the foundations are there for a fairly decent team aslong as the manager is good enough aswell. With Tiatto, Morris, Gudjonsson and possibly de Vries departing that will save a few quid. It's just how many players do we need? Goalie's although none of them are indispensible, both are good enough for this level. Defence has been abit hit and miss this season but all we are really lacking is perhaps one left back if Kelly doesn't think Sheehan is ready yet (I think he is). Midfield is where we need the most new faces. We need atleast one left winger as Smith and Welsh aren't ours. Morris and Tiatto are both going. Central midfield we will need 2 new signings as i'd like to see Williams got rid of if we can get a transfer fee for him, sell him for below £500k and we won't have to pay Forest anything more. Right wing could do with strenghening, Sylla isn't good enough (could Gradel step in to his shoes?) Upfront we are fine, i'd like one more if we can but only if we could offload Elvis. It's likely that we'll have to rely on short term loan signings aswell next season if we get injuries and suspensions, not ideal but better than having to sell all our assets and filling the squad with Micky Adams type players. if we have to sell one player I can see it being Stearman, it would be awful to see him go but if we got a good price for him it's an area we already have an international player to replace him at. I'd hate to lose Fryatt or Hume as at last we seem to have 2 goalscorers at this level. Wesolowski wouldn't command the sort of fee he should get at this stage so he must stay and out of the other players I couldn't see anyone worth more than a million which is what we probably need to raise.
Polyphonic Posted 7 March 2006 Posted 7 March 2006 I think I can see someone coming in for Hume, he looks good at the moment and considering our need of money a new prem team, or even a team like Wigan might take a gamble at 1.5 - 2 million (which is what I feel the club will let him go at) I think its too early for teams to risk on Fryatt, maybe next season will teams become interested. There was those rumours about Arsenal being interested in Stearman in the Jan transfer window (I dunno how true they were !), and they tend to pay well for players, I'd be sad to see him leave but if the club need money then well its the need of the club first !
Babylon Posted 7 March 2006 Author Posted 7 March 2006 The groundshare is a short-term fix. Getting rid of the Birch will not keep any of those players here for half a season let alone the whole. The best solution for us is to stay up, keep Kelly, then hope we get off to a flyer when the new season starts. No compo, and increased ticket revenue. It's all ifs and buts at this stage, though. Lisa I know Birch alone will not keep a player, he is part of a bigger cost cutting that could go someway towards keeping a player. People are opposed to cutting costs and losing players... my point is you can't have it both ways. Are the club in a position to sit and wait to see how we start I wonder. As Rick pointed out we have quite a few high earners out of contract, i'd like to know if the trusts "sell a player" was taking into account players already out of contract.
hairy Posted 7 March 2006 Posted 7 March 2006 If they have an overdraft facility, whether it has been breached or not, the club is in the hands of the bank. The bank could, without notice, remove the facility. The club have to keep the bank sweet and show a healthy balance sheet to avoid this. From what is stated above the only way to do that will be to sell players. Lets hope they get a good price for one or two so more dont have to go.
Thracian Posted 7 March 2006 Posted 7 March 2006 I would have thought the whole point of having a policy of buying and developing young players was so we could sell one or two asets, keep our finances healthy and play the rest. That is why we need two or three per season coming through from the Academy, because for every three we'll need to sell one and it is the same with incomers. If they are young they should be increasing assets and far better that than having a club full of ageing journeymen who couldn't be sold for anything. The way of keeping sales to a minimum is to make sure we develop an attacking team which provides plenty of incident and entertainment on a Saturday afternoon. At present there's 10,000 seats not being filled. If that number was halved to only a 5000 shortfall because we really took teams on, home and away, then the revenue potential is another £2.3m (at £20 per head per match = 23 x £100,000). I know the diehards will follow the club to the Dogger Bank for a 0-0 and all credit to them but there are lots of others who wouldn't dream of paying to watch a good many of the performances we've put on this season. Nor should the attacking strategy be limited to home games. We have far better chance of winning away with lightning fast counter attacks, and lots of em, than trying to defend a 0-0 (we've won one home game 1-0 and lost five away 1-0's this season). Eighteen away games (54 potential points) this season have reaped 14 points. What a waste and how can you defend a cautious approach with that record? Reading and Sheffield United have taken around 2.5 times as many away points if a pointer is required and scored nearly twice as many goals as us.
Manwell Pablo Posted 7 March 2006 Posted 7 March 2006 If they have an overdraft facility, whether it has been breached or not, the club is in the hands of the bank. The bank could, without notice, remove the facility. The club have to keep the bank sweet and show a healthy balance sheet to avoid this. From what is stated above the only way to do that will be to sell players. Lets hope they get a good price for one or two so more dont have to go. you can't withdraw a companys overdraft facilty without notice!!
Polyphonic Posted 7 March 2006 Posted 7 March 2006 you can't withdraw a companys overdraft facilty without notice!! Yeah no you can't, I think Leicester would have a pretty good case to take the bank to court if they did !
Jon the Hat Posted 7 March 2006 Posted 7 March 2006 If they have an overdraft facility, whether it has been breached or not, the club is in the hands of the bank. The bank could, without notice, remove the facility. The club have to keep the bank sweet and show a healthy balance sheet to avoid this. From what is stated above the only way to do that will be to sell players. Lets hope they get a good price for one or two so more dont have to go. Not really, the bank is in the business of lending, so they are unlikely to withdraw the facility - it would be giving business to it's competitors, and would also risk alienating 20k plus potential customers if it put the club at risk. PR disaster waiting to happen.
andyh1884 Posted 7 March 2006 Posted 7 March 2006 you can't withdraw a companys overdraft facilty without notice!! It's in the terms & conditions of overdraft facilities that the bank can demand repayment without notice. It's standard. They don't do it on a regular basis, and it's usually due to breaking one of the conditions of the facility being granted, but the bank are well within their rights to do this.
Ric Flair Posted 7 March 2006 Posted 7 March 2006 I would have thought the whole point of having a policy of buying and developing young players was so we could sell one or two asets, keep our finances healthy and play the rest. That is why we need two or three per season coming through from the Academy, because for every three we'll need to sell one and it is the same with incomers. If they are young they should be increasing assets and far better that than having a club full of ageing journeymen who couldn't be sold for anything. The way of keeping sales to a minimum is to make sure we develop an attacking team which provides plenty of incident and entertainment on a Saturday afternoon. At present there's 10,000 seats not being filled. If that number was halved to only a 5000 shortfall because we really took teams on, home and away, then the revenue potential is another £2.3m (at £20 per head per match = 23 x £100,000). I know the diehards will follow the club to the Dogger Bank for a 0-0 and all credit to them but there are lots of others who wouldn't dream of paying to watch a good many of the performances we've put on this season. Nor should the attacking strategy be limited to home games. We have far better chance of winning away with lightning fast counter attacks, and lots of em, than trying to defend a 0-0 (we've won one home game 1-0 and lost five away 1-0's this season). Eighteen away games (54 potential points) this season have reaped 14 points. What a waste and how can you defend a cautious approach with that record? Reading and Sheffield United have taken around 2.5 times as many away points if a pointer is required and scored nearly twice as many goals as us. I don't think we have been cautious away from home other than perhaps 2 games under Levein (Wolves and Reading) the rest of the games we lost, we were just shite down to poor finishing, defending, etc. I agree with your above posts, but you make it out to sound easier than it really is. I don't think this team plays cautious football, what they do play is very inconsistent (getting better now though) football, which results in varied results. Away from home will always favour the home teams unless your near the top of the table, which we aren't. Hopefully next season we might improve dramatically.
IDEA OR IKEA Posted 7 March 2006 Posted 7 March 2006 It's in the terms & conditions of overdraft facilities that the bank can demand repayment without notice. It's standard. They don't do it on a regular basis, and it's usually due to breaking one of the conditions of the facility being granted, but the bank are well within their rights to do this. Yes, but unlikely as potential interest charges and extreme penalty charges are why banks give companies and individuals overdrafts in the first place. If you need an overdraft, chances are that you may go over that once - bang a £30 charge/for companies a 1K + charge
hairy Posted 7 March 2006 Posted 7 March 2006 you can't withdraw a companys overdraft facilty without notice!! Yes they can its their money. They write the terms and conditions of the loan. If the financial situation of the borrower worsens then they may feel their lent amount is at risk and withdraw the facility. Hence why they would have reviews of their borrowers financies on a regular basis to ensure they get their money back. If the finances are in the shit then the club will have to sell to address the balance.
Frenzied Posted 7 March 2006 Posted 7 March 2006 I think the club would only sell one of our younger talents if an exceptionally good offer comes in for him. It wouldn't make sense over the financial longer term to be offloading such players, as chasing for promotion and promotion itself is what would lead us back to financial security. Selling our better players would make this job all the more difficult.
Manwell Pablo Posted 7 March 2006 Posted 7 March 2006 Yes they can its their money. They write the terms and conditions of the loan. If the financial situation of the borrower worsens then they may feel their lent amount is at risk and withdraw the facility. Hence why they would have reviews of their borrowers financies on a regular basis to ensure they get their money back. If the finances are in the shit then the club will have to sell to address the balance. If the club are staying within the agredd limit and keeping to all the conditions of the loan I really dont see the bank pulling the plug on it. In fact the bank wont pull the plug on it without notice if all conditions are being kept to its totally unproffesional.
andyb92 Posted 7 March 2006 Posted 7 March 2006 Well i know this probably wont help but i will be buying a season ticket next year regardless of what division we are in and i normally stuff myself silly on pies and lager at matches so thats a bit of cash to help the cause.
Bert Posted 7 March 2006 Posted 7 March 2006 I think players such as Stearman, Weso and Sheehan will be the heartbeat of our team next season and i can't see them leaving, they all seem to want to just play regualar football and have all stated they love the club. We all know Joey is leaving added with the probable departure of Tiatto and other players that i think could leave are Sylla and Williams.
IDEA OR IKEA Posted 7 March 2006 Posted 7 March 2006 Well i know this probably wont help but i will be buying a season ticket next year regardless of what division we are in and i normally stuff myself silly on pies and lager at matches so thats a bit of cash to help the cause. *Medal*
trueblue1 Posted 7 March 2006 Posted 7 March 2006 Bellow are the trusts comments on TB. "In terms of financial security the club are ok, have an agreed overdraft facility with their bank which hasn't been breached. However Tim Davies revealed at our AGM that the £1 million coming our way as Wigan will stay up is already swallowed up covering the shortfall in match ticket sales this season. Given the parachute payment will now be ended, this cuts a further £2 million off the revenue for next season. The original plan for the Tigers ground share would have easily offset this in a mixture of shared costs saved & revised payment terms for the stadium finance arrangement. With the majority of the remaining players contracts having 2 years+ to run, it does indicate very limited transfer activity in the summer & the increased liklihood of selling a player(s) which would attract a good fee. Bringing in a new manager still under contract would also further dent finances." Personally I was expecting something like this to happen. A question to those who were against the Tigers coming and birch going. Would you agree to those moves if it meant keeping our best players, Stearman, Fryatt, Hume, Weso?? Im sorry but i think its a bit rich coming from you !! having ago at people for not wanting the tigers or the birch to go, when you gave me such a hard time about smoking at the walkers, you were quite prepared to loose season ticket sales over that issue!!!!!
AyewJoking Posted 7 March 2006 Posted 7 March 2006 If you're going to sell someone, how about Hughes, Williams, Hammond. Relieve the wage bill of Tiatto and Sylla. It will leave the midfield short so maybe salvage Hughes who at least shows some potential.
trueblue1 Posted 7 March 2006 Posted 7 March 2006 Well i know this probably wont help but i will be buying a season ticket next year regardless of what division we are in and i normally stuff myself silly on pies and lager at matches so thats a bit of cash to help the cause. Glad you are getting a season ticket, but the beer and pie's are nothing to do with the club, they do not get a penny from the sales.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.