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Thread: Debt

      
  1. #1

    Default Debt

    So we're £51m in debt, of which £36m is owed to the al-Hasawi family. Who's the other £15m owed to?

    Last edited by Itsy-bitsy Bonatini Yellow Polkadot Bikini; 04-06-15 at 11:53.

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    Default Re: Debt

    Me.


  4. #3

    Default Re: Debt

    Jim Price and the Axis of evil. £15m worth of snap & beer for Tiff


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    Default Re: Debt

    Quote Originally Posted by Lichaj of the Tiger View Post
    So we're £51m in debt, of which £36m is owed to the al-Hasawi family. Who's the other £15m owed to?
    The Doughty family, perhaps?

    Our finances are a train-wreck, caused by this mad scramble to reach the Premier League.

    The gap between the top two divisions is unsustainable and now Championship clubs who try and buy their way up - like Forest - are hit with so-called "Financial Fair Play" regulations.

    Scudamore and his pals have almost created what they want by default - a closed top division.

    The turnover of an average PL club is now ten times ours.

    Ten times!

    If a Championship club were to get promoted they face the fight of all time to stay there and establish themselves.

    I'm all for that too division containing the best clubs but it seems they've gone too far the other way in their efforts to protect their "brand" they're in danger of killing competition and anyone who does manage a promotion is going to end up a whipping-boy.

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    — Joe Strummer

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    Default Re: Debt

    The remainder of Djebbours wages?


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    Default Re: Debt

    Quote Originally Posted by chriscl View Post
    The Doughty family, perhaps?

    Our finances are a train-wreck, caused by this mad scramble to reach the Premier League.

    The gap between the top two divisions is unsustainable and now Championship clubs who try and buy their way up - like Forest - are hit with so-called "Financial Fair Play" regulations.

    Scudamore and his pals have almost created what they want by default - a closed top division.

    The turnover of an average PL club is now ten times ours.

    Ten times!

    If a Championship club were to get promoted they face the fight of all time to stay there and establish themselves.

    I'm all for that too division containing the best clubs but it seems they've gone too far the other way in their efforts to protect their "brand" they're in danger of killing competition and anyone who does manage a promotion is going to end up a whipping-boy.
    Spot on.
    Surely breaches anti-competition rules and trade freedom? FFP will kill football outside the Premier League.


  9. #8
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    Default Re: Debt

    Quote Originally Posted by chriscl View Post
    The Doughty family, perhaps?

    Our finances are a train-wreck, caused by this mad scramble to reach the Premier League.

    The gap between the top two divisions is unsustainable and now Championship clubs who try and buy their way up - like Forest - are hit with so-called "Financial Fair Play" regulations.

    Scudamore and his pals have almost created what they want by default - a closed top division.

    The turnover of an average PL club is now ten times ours.

    Ten times!

    If a Championship club were to get promoted they face the fight of all time to stay there and establish themselves.

    I'm all for that too division containing the best clubs but it seems they've gone too far the other way in their efforts to protect their "brand" they're in danger of killing competition and anyone who does manage a promotion is going to end up a whipping-boy.
    I believe the 15m is too the Doughty Family which will be payable should Forest ever reach the Premier League, which is fair enough in my book however may be wrong on this. In fairness to Fawaz he isn't doing anything ND didn't do or most owners do. In an era of FFP that contribution should reduce however as stated FFPdoes nothing to help close the gap with the impending record TV deal & lets not forget the new overseas rights have not been sold yet so expect another record deal for the premier league with that. I get the principle of FFP but in an era of FFP the TV money the PL gets will become more & more of factor in my opinion.


  10. #9
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    Default Re: Debt

    Quote Originally Posted by Trickie Trees View Post
    Forest also revealed a net debt of £50.7m, of which £35.9m is an 'Al-Hasawi family loan' although no interest is charged on these loans.



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    I chuckled.


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    Default Re: Debt

    Said it before, I will say it again.

    Scrap FFP and make owners deposit money into a club before spending it. It will solve every problem FFP does and actually allow clubs to spend money if they have it without running up ludicrous debts.

    Financial Fair Play is a disgrace, the longer it's around the quicker it kills football. A rule that allows elite clubs spend hundreds of millions but we can't spend a penny and nowhere the market value of players. "Fair play". It will have to take a club funnel down the leagues because of the FFP restrictions until they consider doing something about it. You can't monitor finances in a free market and with such a big divide between divisions. Absolutely stupid, just sue the fuckers.

    Last edited by Rzarecteh; 04-06-15 at 13:11.

  12. #11
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    Default Re: Debt

    Quote Originally Posted by Rzarecteh View Post
    Said it before, I will say it again.

    Scrap FFP and make owners deposit money into a club before spending it. It will solve every problem FFP does and actually allow clubs to spend money if they have it without running up ludicrous debts.

    Financial Fair Play is a disgrace, the longer it's around the quicker it kills football. A rule that allows elite clubs spend hundreds of millions but we can't spend a penny and nowhere the market value of players. "Fair play". It will have to take a club funnel down the leagues because of the FFP restrictions until they consider doing something about it. You can't monitor finances in a free market and with such a big divide between divisions. Absolutely stupid, just sue the fuckers.
    Couldn't agree more.


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    Default Re: Debt

    I genuinely thought we'd be in the red to a lot more than £51m.


  14. #13
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    Default Re: Debt

    I get the idea around FFP - only spend by your means to ensure a club doesn't go bust and is run coreectly! But FFP has so many flaws it's not fair to every club! For example, Man City can still spend millions of pounds paying players over their market value, yet they can spend spend spend simply because they've invested in your structure! What a load of cobblers!!! No youth player would get a sniff in the City team so it's just another way of getting round the rules!

    On a different side, Forest have to run the club much, much better that it's currently being ran! We don't promote the ground for external revenue from companies/schools and the missed opportunities is massive! Can make all the difference with FFP for next season but looks like the people in charge of that sort of thing are clueless!


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    Default Re: Debt

    Quote Originally Posted by Lichaj of the Tiger View Post
    Who's the other £15m owed to?
    The fans, as compensation for the torrid decade we've endured.

    If we say there are 12,000 ST holders and the average price over the last decade for a ST is £350, and we are owed compensation on the truly truly terrible seasons of which there are four (JK/Megson relegation, Calderwood fail to Yeovil, McClaren/Cotteril, Billy/Brazil) then totals up to £16.8m.

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    Default Re: Debt

    Quote Originally Posted by chriscl View Post
    The Doughty family, perhaps?

    Our finances are a train-wreck, caused by this mad scramble to reach the Premier League.

    The gap between the top two divisions is unsustainable and now Championship clubs who try and buy their way up - like Forest - are hit with so-called "Financial Fair Play" regulations.

    Scudamore and his pals have almost created what they want by default - a closed top division.

    The turnover of an average PL club is now ten times ours.

    Ten times!

    If a Championship club were to get promoted they face the fight of all time to stay there and establish themselves.

    I'm all for that too division containing the best clubs but it seems they've gone too far the other way in their efforts to protect their "brand" they're in danger of killing competition and anyone who does manage a promotion is going to end up a whipping-boy.

    .....which is why a 4th-from-bottom finish in the PL is celebrated as a "success" by all but the so-called top 6 clubs in the country Chris.

    Such a contrast to the days when football was more level playing-field (excuse the pun) and a bottom-half finish was seen as an embarrassment and a season to forget by supporters.

    I know which scenario I prefer.

    Last edited by Otis Redd'un; 04-06-15 at 15:12.

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    Default Re: Debt

    Me too mate.


  18. #17
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    Default Re: Debt

    Quote Originally Posted by RobbieLePop View Post
    The fans, as compensation for the torrid decade we've endured.

    If we say there are 12,000 ST holders and the average price over the last decade for a ST is £350, and we are owed compensation on the truly truly terrible seasons of which there are four (JK/Megson relegation, Calderwood fail to Yeovil, McClaren/Cotteril, Billy/Brazil) then totals up to £16.8m.
    How is the Billy/Brazil season terrible, there was some good results at home in that season.


  19. #18

    Default Re: Debt

    Quote Originally Posted by Otis Redd'un View Post
    .....which is why a 4th-from-bottom finish in the PL is celebrated as a "success" by all but the so-called top 6 clubs in the country Chris.

    Such a contrast to the days when football was more level playing-field (excuse the pun) and a bottom-half finish was seen as an embarrassment and a season to forget by supporters.
    I'm not sure Villa or Newcastle supporters will look back on this season with much fondness. Everton fans will soon forget it too.


  20. #19
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    Default Re: Debt

    Lots has been written about FIFA lately. UEFA escapes criticism too easily for allowing European football to become the money factory it is (if you are in the top tier).

    I am sure it would be possible to have something more fair than FFP.


  21. #20
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    Default Re: Debt

    I bet Emmerson doesn't like the EU-FA


  22. #21
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    Default Re: Debt

    We're not in any debt, Fawaz has given us the money.


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    Quote Originally Posted by Alex View Post
    I'm not sure Villa or Newcastle supporters will look back on this season with much fondness. Everton fans will soon forget it too.
    That's a fair point Alex, but I'd suggest a good 10/11 out of the 20 would gladly accept a guaranteed 17th position at the start of the season......and celebrate it as an achievement.

    Furthermore, what's the English game come to when clubs are indifferent, at best, to the prospect of Europa League qualification.

    Last edited by Otis Redd'un; 04-06-15 at 19:06.

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    Default Re: Debt

    Quote Originally Posted by Otis Redd'un View Post
    .....which is why a 4th-from-bottom finish in the PL is celebrated as a "success" by all but the so-called top 6 clubs in the country Chris.

    Such a contrast to the days when football was more level playing-field (excuse the pun) and a bottom-half finish was seen as an embarrassment and a season to forget by supporters.

    I know which scenario I prefer.
    Case in point, watching Sunderland players and fans celebrate getting a point at Arsenal which guaranteed them safety like they'd just won the European Cup.........all it did was guarantee them another season of bi-weekly tonkings...........the Chairman is the one who should have been celebrating like a madman.


  25. #24
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    Default Re: Debt

    Quote Originally Posted by Wes' Organ View Post
    We're not in any debt, Fawaz has given us the money.
    I'd like to believe that because it kind of irks me to think we owe £36m to the Hasawis for money that Fawaz has partly wasted on pay offs and flops. They were his decisions not the clubs as a collective.


  26. #25
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    Default Re: Debt

    Quote Originally Posted by Bridgford_71 View Post
    I'd like to believe that because it kind of irks me to think we owe £36m to the Hasawis for money that Fawaz has partly wasted on pay offs and flops. They were his decisions not the clubs as a collective.
    Yup.


 

 

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