islander200

What would have stopped them just selling the STC directly to a developer down the line? Why did they have to set up a new company ,inject 16.6 million into the club to use the site for housing?

Yeah but my question is what was stopping them from just keeping the STC as part of the club assetts and then selling it directly to a developer down the line?We couldnt have stopped that?So the worry would still be there

Well finance and ffp experts and the accounts alligned with the ffp regulations suggest the 16.6 milliom was needed as was the Armstrong money?If you have a better understanging off ffp and if you know the accounts to be wrong then fair enough but from everything in the public domain then we couldnt spend a decent amount this summer. Why would they have done this with the training ground if it wasmt for the benefit of the books and even the Armstrong sale was with 2 weeks left of the window and it looked like there was a last ditch attempt to bring someone in Maja. The accounts also show the owners have put in the max allowed over this period so they COUlDNT put in anymore money. The proof will be in the pudding next summer when they are allowed to spend again.If competitive money isnt spent i will come back to you,say i got it wrong snd apologise. They spent money bringing all these players in they didnt have a crystal ball that told them in the future Armstrong would be sold for 10 million profit.And in the past they have spent aswell, stopping when it comes to the end of the cycle.Already had a transfer ban due to failing FFP I agree with a lot of what you post, but when it comes to this i disagree.They have spent money on the squad, no argument a lot of that was wasted and dead money,no argument that they have no interest and the way the club is run is a joke and no argument it is hard to see us progress with them in charge. But they do spend money.

But they will be allowed to put more money in from the summer. Obviously im not saying i know they will do that for a fact but history tells us they do spend some money when allowed

Pay themselves?The 16.6 million came from the venkys

Yeah but its better than a transfer ban and possible points deduction.

Its not just about transfer fees he has been well backed over the 5 years Those clubs had parachute payments, others sold players In 5 years mowbray has sold 2 players of value, Raya and Armstrong and one of those came from academy And the raft of cheap poor players signed snd kept on for the legnth of their contracts or even worse getting contract extensions how many times did sam hart get his deal extended.All these cheap signings added together will have cost You also have the costly Ayala, Holtby , Johnson deals were no transfer fee involved but were on more money prior to coming here stamds to reason signing on fees involved.Players with NO resale value. Il do the math later but Gallagher and brereton were 12 alone Im not saying the backing he recieved should have guaranteed promotion but i dont expect the squad in the state it is in either

Tony Mowbray has not worked on a shoestring up until this summer. Now do you think we were close to the ffp limit or do you still think it was "dreamnt up by the fans"

In essence the venkys will be paying the mortgage off anyway as the club is reliant on their support. Its not ideal but like if they wanted to sell the training ground at any point could we have stopped it?The headline could have read STC sold to the issa brothers. The club obviously needed this money being put in.

Mate i have never once argued that viewpoint so not sure what you are on about? My arguments are with the statement that they are unwilling to spend money, when the league rules(something the owners have no control over) wont allow them as they have hit the limit.They have wasted 141 million.The club needed the 16 million injected or do you want sanctions.There was nothing stopping the owners not setting this company up, not injecting 16.6 million into the club,keeping it and then selling it directly to a develepor.If someone can give me a legitimate reason why this is some sort of ploy im all ears

They spent to make the black hole in the first place. There is nothing to suggest we were on the brink of admin.Even this summer not a lot was spent but a little was.The owners simply cant put in more money at this point without exceeding what is allowed through owner support. Im sounding like a venky apologist so i will make my position clear I think they have zero interest and have no plan and repeatedly make the same mistakes but they have put money into the club through transfers. They wouldnt put the club on the market first before considering Admin? This has all been seen before (not talking about training ground)we go through periods of spending then it stops then it starts again...there are 141 million reasons to suggest the venkys didnt come for quick buck, a lot of factors support that viewpoint imo.Its quite clear from finance experts alligned with the accounts that this money was needed otherwise the threat of sanctions.Thats not to say when the owners are allowed to throw more money down the drain they wont do.

I just dont get what other reason there is for this other than making the books a little better. Why would selling it to another company set up by themselves and putting 16 million into the club make it easier for housing to be put there? In owning the club if there was a hint housing wouldnt be oppossed they could have sold it to developers directly so why the charade of doing it this way?

But yet they were willing to fund transfers up to this summer,? I know they are odd fuckers but they just made a 10 million profit on a player, and are looking like making another profit on Brererton. In mowbrays reign they have stumped up the cash for the squad, loads of players have come through the door and Raya and Armstrong out as first teamers. When we lose the spend from our first summer back in the championship then more leeway to spend. I really do believe some money will be reinvested into the squad next summer

He can look at the accounts like everyone else though

But like Revidge says it doesnt take a finance expert to know the club were skating on thin ice regarding ffp. The accounts show the owners have put in the max they are allowed in this cycle.

In fact im sure he has even spoken about this in the media. One of the many times he spoke of his shock over players and agents demands

It has been transferred to the clubs accounts back in June.

Wasting your breath.He wont believe you . Didnt you know he deals with contracts in his line of work whilst we spend our time playing football manager

For how much more than the 16 million they have already paid for it?

Good post

I agree on that point, he didnt warrant a big deal. Similar with Lenihen, he could find himself out of the team if Wharton progresses and Ayala stays fit as he hasnt kicked on,stats suggest we get better results with him in the team but as an individual he has been pretty poor imo. My anger isnt over the fact we havent signed them up but they should have been sold.Something going into recruitment is better than nothing and we would havd seen some of any fees brought in last summer. We left it too late to do anything about it,at best we will get small fees in january

He wouldnt have had the interest he has now 2 years ago and it most likely wouldnt have taken going over our wage ceiling to resign him.

Nyambe wouldnt be after money that is higher than our wage ceiling tho. And two years ago you think there would have been clubs willing to give Rothwell 20k a week?

Everyone in the league is making cut backs.Il be very surprised if Nyambe gets much more than 10k a week.

Yes they sort the contracts out, they do the deal and see if its Viable but in football the manager of the team recommends which players are kept etc and gives his opinion of how valuable they are to the team.Or are you saying It goes over the managers head and they hsve no say in it at all? On Nyambe im unconvinced the manager rates him that highly In my first reply to you i said i know he doesnt do the negotiations