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phili

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Everything posted by phili

  1. It will be far darker, as Kamy's contact will have given him as rosey picture as possible so as not to scare supporters. The reality is they have said they can put their normal £5m-10m into the club this season and you need to fund the remaining £15-20m yourself through player sales and reduced spending. It seems Venky's have a 2 season attention span and then the taps get turned off. Although the last time the taps were turned off for Bowyer, we were break even for the season and a £4m injection for the relegation season. So I am probably being very optimistic by saying they are injecting £5-10m in this season.
  2. You have to pay up or negotiate down, but there are loads of ways as to how it would be recorded on the accounts.
  3. We all saw the issue coming this summer, hence pre injury Dack was going to be sold to cover the issues. The problem i have now that FFP has been relaxed (or I believe it has been relaxed, not sure of the confirmation from the EFL yet) is that for the first time since Venky's have been here there is huge value in the transfer market. We need around £6m to fix most of our problems (Phillips, Cunningham, Lindsay, Whiteman and either a loan targetman or free transfer) so it's not like Venky's need to fund a huge transfer splurge. The problem is probably a lack of confidence in mounting a playoff push. We had the chance to get in the playoffs this summer and keep Venky's enthusiasm going. We bottled it and went out with a wimper, which pretty much sums up what the ending to Mowbray's time here will be.
  4. The problem is the budget was there last season for a permanent signing and we decided against it in favour of a loan for one of the most important positions on the pitch. IF you have a budget with Venky's you spend it all when you can as you don't know when they will stop giving you a budget. Also with FFP rules he would have known last season he had to sell before buying this summer, so i don't understand this stop gap mentality issue. He should have had a new keeper permanently signed by January.
  5. We don't have any money until Venky's do the next share issue, last one was June for £4m. We have since had the £2m from the EFL for media deal etc. Looking at those figures and the amount we have had to spend on things such as the next Bereton instalment, Gallagher, player bonuses and also having to pay players for their wage deferments. I would say at the moment we can just about pay this months wages and that is about it.
  6. Dismantled to save costs. Players released will not be replaced . I would expect a few player sales and no replacements inorder to control costs. If they only have £10m available for this season we need 1 to 2 player sales to cover the remaining
  7. Possibly worse than that, a normal season and we would have had £3m of season ticket income, £0.5m replica shirt income and £2.5m sponsor income and £1m corporate box income. None of that will have arrived for the start of the season as we would normally expect. Not having some sort of season ticket package available is criminal in our position. For cashflow forecasting it must be a nightmare at the moment. The worst case scenario is that Venkys will have to fund everything for the season, or around £30m as there will be £0 turnover coming into the business, before we get to transfers etc.
  8. There will be the same for Downing as well. Withdrawing offer for Downing and making a offer for Marshall seems to be what most sensible clubs would have done.
  9. He is experienced and on a free transfer. I am not sure there is that much better out there. We will end up with a 20 year old 4th choice premier league reserve for the season, with his mistakes costing us a play off shot.
  10. As they went to the training camp in Austria at the weekend. The likelihood is the Virus was caught over here, so whether they went to Austria or not the player would have caught it. We are not going for a training camp whether we wanted to or not because we don't have the funds at the moment.
  11. The enthusiasm is severely lacking so far for the new season. On the pitch it is so annoying, for once there is great value in the transfer market, if you think we could sign Phillips, Cunningham, Lindsay, Whiteman and lets say Martin (i may have got the spellings wrong) and solve pretty much all of our issues in the side and still have change out of £6m. I am sure their wages are pretty much the same as the players we released as well.
  12. Very difficult to devise rules to counter especially when a club is with a holding company with other businesses. The first thing a new company will do is going through loss making or negative cashflow businesses to try and increase funds and improve the ROI of a venture. I am not sure if the Wigan owner had taken loans out to buy the 51% of the fund he did not own? It could well be that a stipulation of receiving the funds from banks to complete the acquisition was to divest the fund of Wigan and improve the funds standing and cash generation. There are a multitude reasons of why you want to buy a business, i have bought several companies to close them down and remove a competitor from the market place, just normal business practice really.
  13. He bought out the 51% stake in the Next Leader Fund he did not own, which owned Wigan and a number of other businesses including a casino and resorts complex in the Philippines. He wanted these businesses and not Wigan, so upon gaining full control of the fund, he put Wigan into administration and increased the funds profits by £14m a season overnight as well as improving the funds cashflow position to invest more cash into profitable businesses. If Wigan were a cash generative profitable business they wouldn't have gone into administration.
  14. No just the field of work I am in. Venky's will be doing a rights issue to Venky's London Ltd in the next 2 weeks but it isn't the amount anticipated as being required for the first half of the season.
  15. I agree, although I am not sure Nyambe, Travis, Rothwell and Armstrong will still be with us to make the side.
  16. From what I have heard, we need to prepare for players leaving and no new signings until the January/February window.
  17. Mowbray had better improve quickly at selling Rovers to players if we have a very restricted budget as otherwise we are not going to be getting any players.
  18. Yet we ended up paying more for that player on loan than if we had signed Bauer. If we had signed Bauer, we probably would have ended up conceding less goals than we did. Although both maybe academic as I am sure the main plan last summer was Mulgrew to continue to partner Lennihan in defense and Adarabioyo to partner Travis in midfield.
  19. I am starting to get a bit worried about next season. If we continue with the possession based approach and recruit players to fit this system and it fails to work (since the resumption of the season it seems most managers had figured out how to nulify it and beat us) I am starting to think we will be in a relegation dog fight without and fight. We may beat the top 6 teams but fail to beat the bottom 12 teams who are happy for us to have all the possession and just hit us with a set piece goal and use their better defensive organization and capabilities to defend the lead.
  20. If you think about it the decision to loan Muric cost Forest their play off place, without his errors in the first few games of the season they would have made the playoffs comfortably.
  21. Wasn't it more his injury that was the issue. I thought up until that he played very well for us.
  22. I am not sure we have the cash yet to do any signings at the moment even if we want to. We have £0 season ticket income which we would normally have had £3-4m by now, First batch of TV cash arrives 2 weeks before the season starts so that will be September and not August. We have pretty much the £4m Venky's injected in June to get us through to the TV cash arriving in September. Of that £4m, at least £2.5m will have been spent on wages for June and July. At the moment we must be living on empty waiting for the next Venky cash injection, so there is absolutely no way we can do any player purchases until that happens, we simply have no available funds in the club to pay for any signing on bonuses etc.
  23. Billionaires don't normally have hundreds of millions sat in the bank waiting to be used, the billions are normally the value of their investments etc. To be honest, the owner has had to fund alot of his US interests as well so may not have huge amounts of spare capital sitting around. I think all clubs from top to bottom need to have a big shakeup and get back on an even keel financially. All premier league clubs seem to be about to go spending as though nothing has happened? Apart from the top 4 with Champions League cash, the rest are just a poor TV deal away from administration.
  24. When are people going to realise that football finances are never going to be the same again. You have the premier league advicing clubs to expect a 40% drop in the next TV sales. Maybe just maybe larger clubs are going to be happy with this as it allows them to pay off some of their debts and invest in other things than player wages. Take the example of Ipswich, Marcus Evans business empire presently has 0 income, do you honestly think he is going to be able to put anything into Ipswich this season or do you think he may start asking for some of the £100m+ he has put into Ipswich back. Also League 1 and 2 clubs may also be able to sell themselves more easily to other local investors with a lower wage cap requirement. Portsmouth presently have a wage budget of £3.3m in total so they are already virtually complying. Wycombe and Oxford had a £1.8m budget last season and both made the playoffs. The £2.5m budget is only for players over the age of 22, and they can only have 22 of these a season, so encourages clubs if they want to spend more to invest in youth team players.
  25. I think Venky's paid both overdraft and loan to barclays on takeover, Anderson then went around giving new contracts, bonuses to renew contracts, gag orders to most senior players running the overdraft backup to £16m in 6 months. This increased spending scared Barclays and they called in the overdraft. He was afteral, sleeping at Brockhall working night and day for us to succeed.
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