(02-17-2024, 09:35 AM)Fulham Fallout Wrote:

(02-17-2024, 09:25 AM)CarlosCorbewrong Wrote: Someone on twitter said we were two weeks away from running out of cash.

China mentioned that on here.   I find that personally hard to believe, as if that were the case, we’d have been selling players in the Jan window which closed only 2 weeks ago. 

The club had previously said on the run-up to the window that we’d only sell players for a figure over and above the club’s valuation of players.  This to me was a sign we had sufficient cash to see us through to the Summer window, having taken out a further loan from MSD. 

When the accounts (to 30th June 2023) are made available at companies house in just over one month’s time, we will be able to see how much cash we had left in the bank from the £20m MSD loan taken out in December 2022, and therefore the rate at which it was being spent.  We should also see the amount of the further loan taken out late 2023 mentioned as a post balance sheet event.   Then we will be able to get a better understanding of how much cash we currently have.

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(02-17-2024, 09:31 AM)Malcolm Tucker Wrote:

(02-17-2024, 08:41 AM)Fulham Fallout Wrote: Well at least Lai will walk away with £20m (less the payment to Hearn, if he makes it).  That’s a 90% loss on the reported £200m paid for the club, although I seem to recall reading a figure of £175m

That’s a hefty loss rate.  At least Lai should look on the bright side in that he did slightly better than that bookie tiT who came on here (punters advice) with all his tips of games to bet on and lost all of his £100 stake.

 That was an all time classic thread. 

In the end he threw his staking system out the window and had the lot on Liverpool to win the league at about 1/3, the week before the Gerrard slip game.

  Yep.  He broke his own betting rules by breaking his pre-set limits.  He also cheated by not deducting one of his stakes from his pool. 


I initially thought he was someone off the bored.  But he was posting identical posts on other football forums. 

Having lost the lot, he then disappeared never to be seen again.

(02-18-2024, 11:22 PM)CaptainFantastico Wrote:

(02-17-2024, 09:35 AM)Fulham Fallout Wrote:

(02-17-2024, 09:25 AM)CarlosCorbewrong Wrote: Someone on twitter said we were two weeks away from running out of cash.

China mentioned that on here.   I find that personally hard to believe, as if that were the case, we’d have been selling players in the Jan window which closed only 2 weeks ago. 

The club had previously said on the run-up to the window that we’d only sell players for a figure over and above the club’s valuation of players.  This to me was a sign we had sufficient cash to see us through to the Summer window, having taken out a further loan from MSD. 

When the accounts (to 30th June 2023) are made available at companies house in just over one month’s time, we will be able to see how much cash we had left in the bank from the £20m MSD loan taken out in December 2022, and therefore the rate at which it was being spent.  We should also see the amount of the further loan taken out late 2023 mentioned as a post balance sheet event.   Then we will be able to get a better understanding of how much cash we currently have.

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(02-17-2024, 09:31 AM)Malcolm Tucker Wrote:

(02-17-2024, 08:41 AM)Fulham Fallout Wrote: Well at least Lai will walk away with £20m (less the payment to Hearn, if he makes it).  That’s a 90% loss on the reported £200m paid for the club, although I seem to recall reading a figure of £175m

That’s a hefty loss rate.  At least Lai should look on the bright side in that he did slightly better than that bookie tiT who came on here (punters advice) with all his tips of games to bet on and lost all of his £100 stake.

 That was an all time classic thread. 

In the end he threw his staking system out the window and had the lot on Liverpool to win the league at about 1/3, the week before the Gerrard slip game.

  Yep.  He broke his own betting rules by breaking his pre-set limits.  He also cheated by not deducting one of his stakes from his pool. 


I initially thought he was someone off the bored.  But he was posting identical posts on other football forums. 

Having lost the lot, he then disappeared never to be seen again.

Superb that was. Pissed a bank of 1000 points up the wall IIRC, whilst trying to build a customer base. Immense

(02-17-2024, 09:15 AM)Pragmatist Wrote:

(02-17-2024, 09:03 AM)Remi_Moses Wrote: The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

Thats not what I have been told.  The new owners are clearing the MSD debt in full, using “ready cash” to do so. They’re also injecting “ready cash” to provide the essential cash flow to see us through this season (and beyond).  All taken into account in how they’ve structured the payment for the shares. I also understand that it was Lai’s request to have an uplift if promotion is achieved this season or next season, hence staggering the payments to reflect whether we receive extra TV money from being promoted. 

I’m not directly ITK but I know somebody who is.

(02-19-2024, 04:45 PM)CaptainFantastico Wrote: It was certainly the case that they were prepared to inject cash flow in December but were advised against this which ultimately lead to the additional MSD loan

(02-19-2024, 04:43 PM)baggie_ray Wrote:

(02-17-2024, 09:15 AM)Pragmatist Wrote:

(02-17-2024, 09:03 AM)Remi_Moses Wrote: The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

Thats not what I have been told.  The new owners are clearing the MSD debt in full, using “ready cash” to do so. They’re also injecting “ready cash” to provide the essential cash flow to see us through this season (and beyond).  All taken into account in how they’ve structured the payment for the shares. I also understand that it was Lai’s request to have an uplift if promotion is achieved this season or next season, hence staggering the payments to reflect whether we receive extra TV money from being promoted. 

I’m not directly ITK but I know somebody who is.

I'd have thought that the deal would have included the Peace loan and the Wisdom Smart loan being repaid to the club so that these could cover any costs for the rest of this season. Of course, in reality, this just lowers the buying price with the new owners stumping up the actual money. "Ready cash" suggests different?

(02-19-2024, 07:02 PM)Pragmatist Wrote:

(02-19-2024, 04:43 PM)baggie_ray Wrote:

(02-17-2024, 09:15 AM)Pragmatist Wrote:

(02-17-2024, 09:03 AM)Remi_Moses Wrote: The financial experts on here never give up. The news that we were out of cash exactly justified the need to sell players in the window and the MSD loans spent as several suggested.
The new owners are not clearing these loans, but arranging a new term of payments. Lai is going to have to await his chunk of money. This implies they're not flush with ready cash or they're going to manage the financial side of the business. No rush for promotion more a period of stability whilst a longer term plan is set up.

Thats not what I have been told.  The new owners are clearing the MSD debt in full, using “ready cash” to do so. They’re also injecting “ready cash” to provide the essential cash flow to see us through this season (and beyond).  All taken into account in how they’ve structured the payment for the shares. I also understand that it was Lai’s request to have an uplift if promotion is achieved this season or next season, hence staggering the payments to reflect whether we receive extra TV money from being promoted. 

I’m not directly ITK but I know somebody who is.

I'd have thought that the deal would have included the Peace loan and the Wisdom Smart loan being repaid to the club so that these could cover any costs for the rest of this season. Of course, in reality, this just lowers the buying price with the new owners stumping up the actual money. "Ready cash" suggests different?

Yes re the Wisdom Smart loan - that I think must be part of the £40m deductions to bring the price down from £60m to £20m. 

No re the Peace loan.  The KC investigation is I believe still ongoing.  That will determine whether Peace or Lai actually owe it.