| Our Financial Position? 13:42 - May 10 with 6642 views | JACKMANANDBOY |
Is there someone, suitably qualified, able to give us a reliable overview of where the club is?
To save people time; here are some responses I have already thought of:
Ask Oprah
We are fooked
Ask Huw
Overdrawn
Ask 27 Yanks
We don't have any money
Ask Vincent Tan
Who cares
Etc.
[Post edited 10 May 2018 13:46]
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| Our Financial Position? on 21:06 - May 10 with 1731 views | Nookiejack |
| Our Financial Position? on 18:02 - May 10 by awayjack |
They could sneak a few million for management fees offshore but company law protects minority shareholders so no rational for say £30m of 'fees'. You also have financial regulations in EFL that stops it. Not saying they wouldn't try it but would be banned and lose any legal case. They have other investments via their hedge fund so need to at least appear to be legitimate. |
Do you really think the Trust would launch legal action if they paid themselv s £30m in Management Fees? |  | | |
| Our Financial Position? on 21:14 - May 10 with 1710 views | Nookiejack |
| Our Financial Position? on 16:33 - May 10 by jasper_T |
Will you still be posting here this time next year when we've won the Championship with a record points total and 8 or 9 academy players in the matchday squad? Will you be moaning that not enough of them are local so it doesn't count? |
If our U23s were good enough they would already be playing.
I will take stability now next season over an immediate return.
Things could easily implode, see Sunderland.
Going to depend on if Yanks reinvest the parachute money, or sell off all the players and bank the parachute money. | | | |
| Our Financial Position? on 21:23 - May 10 with 1682 views | jasper_T |
Ultimately I'd consider Gorre and Fulton reasonable successes. Fulton played a useful part in the first team, and for a good while Gorre was the only decent player in the u21s. He hasn't made the senior grade but a free transfer and few years wages... you can do a lot worse.
And we certainly have. Botti Biabi & Ryan Blair were complete wastes of serious money, never impressing at u23s level, and playing in positions that we already had talented kids for. They absolutely blocked progress for local players. Courtney Baker-Richardson is Kenji's age and we bought him less than a year ago. Liam Cullen barely got a start this season as a result (not that he's been impressing much).
Tyler Reid came in, forcing Aaron Lewis to play left back for ages. Lucky he's so good with both feet.
Then we gave Matej Paljk a contract. Poor player. Nice to see Matthew Blake getting some game time in his place. Raw but at 18 needs to be stepping up.
Jack Evans has progressed amazingly this season with regular games. At the start of the season I didn't think anything of him (he was just "the other Evans" to me), now I'd give him a run out in the first team (better at breaking up counters than any of our senior midfielders, probably). | | | |
| Our Financial Position? on 21:27 - May 10 with 1663 views | jasper_T |
| Our Financial Position? on 21:14 - May 10 by Nookiejack |
If our U23s were good enough they would already be playing.
I will take stability now next season over an immediate return.
Things could easily implode, see Sunderland.
Going to depend on if Yanks reinvest the parachute money, or sell off all the players and bank the parachute money. |
You need a manager who 1) watches them play (like Laudrup did), 2) is willing to take a risk (or forced like when Taylor got broken) and 3) is willing to give them a few starts to settle and grow into it (like Ben got). Youth players don't magically promote themselves.
Connor only got a shot in the cup because Curtis recommended him, and Naughton needed the rest (and Rangel is finished). He's lucky we got so many replays. | | | |
| Our Financial Position? on 21:45 - May 10 with 1628 views | Kilkennyjack |
| Our Financial Position? on 21:23 - May 10 by jasper_T |
Ultimately I'd consider Gorre and Fulton reasonable successes. Fulton played a useful part in the first team, and for a good while Gorre was the only decent player in the u21s. He hasn't made the senior grade but a free transfer and few years wages... you can do a lot worse.
And we certainly have. Botti Biabi & Ryan Blair were complete wastes of serious money, never impressing at u23s level, and playing in positions that we already had talented kids for. They absolutely blocked progress for local players. Courtney Baker-Richardson is Kenji's age and we bought him less than a year ago. Liam Cullen barely got a start this season as a result (not that he's been impressing much).
Tyler Reid came in, forcing Aaron Lewis to play left back for ages. Lucky he's so good with both feet.
Then we gave Matej Paljk a contract. Poor player. Nice to see Matthew Blake getting some game time in his place. Raw but at 18 needs to be stepping up.
Jack Evans has progressed amazingly this season with regular games. At the start of the season I didn't think anything of him (he was just "the other Evans" to me), now I'd give him a run out in the first team (better at breaking up counters than any of our senior midfielders, probably). |
Thanks. Always interesting and well informed.
As Gorre and Fulton have had no meaningful first team impact, then they cannot be regarded as successes. Both were ‘body snatched’ and not produced by us for a start.
Gorre has neen here since March 2013. Over 5 years of wages. How much money out the door ?
And 3 years older than Tammy.
Nobody else gets such a gold played chance. [Post edited 10 May 2018 21:46]
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| Our Financial Position? on 21:51 - May 10 with 1607 views | donkonky |
Ok this might be a bit silly but ; say the Trust get a financial windfall from a pending court case. Could we then use that money to tempt some of the 27 American investors to sell their shares? |  | | |
| Our Financial Position? on 22:13 - May 10 with 1580 views | jasper_T |
| Our Financial Position? on 21:45 - May 10 by Kilkennyjack |
Thanks. Always interesting and well informed.
As Gorre and Fulton have had no meaningful first team impact, then they cannot be regarded as successes. Both were ‘body snatched’ and not produced by us for a start.
Gorre has neen here since March 2013. Over 5 years of wages. How much money out the door ?
And 3 years older than Tammy.
Nobody else gets such a gold played chance. [Post edited 10 May 2018 21:46]
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Fulton played a blinder in a win away at Southampton a few seasons back. Great value for that alone compared to this season's purchases. Will probably get some cash back when we sell him. | | | |
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| Our Financial Position? on 01:02 - May 11 with 1546 views | Kilkennyjack |
| Our Financial Position? on 22:13 - May 10 by jasper_T |
Fulton played a blinder in a win away at Southampton a few seasons back. Great value for that alone compared to this season's purchases. Will probably get some cash back when we sell him. |
Only seen Fulton in the home games.
He could only be considered as a holding centre mid really, but can’t run the game with tempo like a Leon, a Joey, or a JDG. Not many can.
He signed for League 1 Wigan at end of Jan, but only played 5 games. 1 goal. Injured ? Not picked ? | |
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| Our Financial Position? on 01:30 - May 11 with 1536 views | jasper_T |
| Our Financial Position? on 01:02 - May 11 by Kilkennyjack |
Only seen Fulton in the home games.
He could only be considered as a holding centre mid really, but can’t run the game with tempo like a Leon, a Joey, or a JDG. Not many can.
He signed for League 1 Wigan at end of Jan, but only played 5 games. 1 goal. Injured ? Not picked ? |
They smashed the league so probably had no need to change a winning formula. Same reason Dan James got sent home from Shrewsbury, young unproven loan players are brought in as squad-fillers/backup and if the first team does well and there's no injuries they don't see much gametime. Lower league managers tend to be just as conservative as top level ones, if not more so.
Think he might be out of contract at the end of the season, so much for making some money back if so. Not worth signing him on for us next year imo. | | | |
| Our Financial Position? on 10:41 - May 11 with 1460 views | Shaky |
Let me try to explain.
At the end of last financial year, the club basically had net debts of around £70 million.
None of that debt was in the form of an overdraft, but perhaps a few days before the end to the financial year the overdraft probably stood at around £45 million.
In this way for technical reasons overdrafts go up and down, but the total amount owed trends and can be analysed, and is driven by cash-flow.
Cash-flow before the financing component has not once been positive in the last 4 financial years for the club, and is highly likely to again be negative for the current financial year.
As such I reckon net debts at the end of the financial year will have grown somewhat, probably to a total of £80-90 million. Some fairly significant percentage of that will likely be in the form of an overdraft.
The good news is that club will receive a parachute payment of around £50 in the next financial year.
Take that away, and the net debt is suddenly reduced to £30-40 million. More good news.
However, in the championship clubs only make perhaps £20 million annually whereas Swansea's cash costs were running at around £125 million last financial year.
That means if on the admittedly implausible assumption nothing happens to the squad, the club will be suffering a cash-outflow of (£20m revenue less £125m costs/12=) close to £9m in cash per month.
On that basis net debt could be back to £80 million by Christmas!
Now of course that will not happen, but reducing that negative cash-flow will require a lot of hard work to off load expensive players, and at the same time recruit adequate replacements geared for the Championship. A lot of hard work.
And moving away from the strict subject of finance i don't believe it is realistic to replace both the manager and effective CEO without haemorrhaging cash next season and excessively expanding net debt.
Bring in help by all means, but it is time to roll up the sleeves and start kicking out the dead wood. But a manager almost needs to come in first so there is some sort of coherent plan.
And much as I am attracted to the idea of bringing back Laudrup, I think what is required at this stage is a hard-nosed operator who knows his way round the Championship. [Post edited 11 May 2018 10:54]
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