Takeover

[CorbsIsMagic]

As per earlier message only thing I’ve been told is at the Chinese end we have some last minute fuggin about (no great surprise given the course of history) but far from any concern that it’s on the rocks. Lai needs the cash and as we all know from the presence of the sporting lawyer for some time now, we are far far down the road in terms of what needs doing. Wouldn’t pay any attention to that myself

Hopefully still on the right track then. Lai’s side of the deal has always concerned me a little with how the % of ‘his’ ownership is supposedly spread across so many people etc in China - can’t imagine it’s made any deal any easier

[CarlosCorbewrong]

Well that's that 48 hours come and gone....

Nobody said which 48hrs 

Look at the squad at the end of Jan if no takeover is announced, that should give us an idea if there's going to be one or not .

Unfortunately we need to get the wage bill down, regardless of whether we have new owners.

You're going to look pretty daft on 31st Jan mate - fair play for doubling down though.

[Fulham Fallout]

Well that's that 48 hours come and gone....

Nobody said which 48hrs 

Look at the squad at the end of Jan if no takeover is announced, that should give us an idea if there's going to be one or not .

Unfortunately we need to get the wage bill down, regardless of whether we have new owners.

You're going to look pretty daft on 31st Jan mate - fair play for doubling down though.

We can’t carry on as a club the way wee going,, else we will breach FFP regulations.   There was an article online about it 2-3 days ago.  And no, I never wrote it    It may have been written by A4A.

We needed £27m in funds in just over 12 month (£20m initial MSD loan + £7m O’shea’s fee).  We simply need to cut our cloth accordingly.

[CarlosCorbewrong]

Nobody said which 48hrs 

Look at the squad at the end of Jan if no takeover is announced, that should give us an idea if there's going to be one or not .

Unfortunately we need to get the wage bill down, regardless of whether we have new owners.

You're going to look pretty daft on 31st Jan mate - fair play for doubling down though.

We can’t carry on as a club the way wee going,, else we will breach FFP regulations.   There was an article online about it 2-3 days ago.  And no, I never wrote it    It may have been written by A4A.

I'll bet you a £20 donation to Acorns that nobody who has started more than 5 games this season leaves this January if you're interested?

[sickParrot]

[Fulham Fallout]

Look at the squad at the end of Jan if no takeover is announced, that should give us an idea if there's going to be one or not .

Unfortunately we need to get the wage bill down, regardless of whether we have new owners.

You're going to look pretty daft on 31st Jan mate - fair play for doubling down though.

We can’t carry on as a club the way wee going,, else we will breach FFP regulations.   There was an article online about it 2-3 days ago.  And no, I never wrote it    It may have been written by A4A.

I'll bet you a £20 donation to Acorns that nobody who has started more than 5 games this season leaves this January if you're interested?

The only way I can see that happening, is if the new owners have the loans made by WBA Group Ltd repaid as part of the sale.  This would have an immediate impact on the P&L and FFP.

Also, if the new owners repay the MSD loans to stop interest being charged to the P&L and assists with cash flow as the club no longer has to make the repayments on the loans.

The thing is. We don’t know how much money is in the bank at the moment and whether the club can afford to wait until the Summer to offload players, when a number of players can leave the club at the end of their contracts. 

What we do know, is that unless we are promoted, then the wage bill has to come down. 

At the end of March we will see how much additional funds we borrowed from MSD as I don’t think that’s been made public, or at least I never saw it.  At the end of March the accounts will be available on companies house website and the additional loan taken out a few months ago will have to be included in the directors report as a material post balance sheet event.  i.e.  a large, unusual transaction that took place between the date the accounts were made up to (30 June 2023).

[Brentbaggie]

Unfortunately we need to get the wage bill down, regardless of whether we have new owners.

You're going to look pretty daft on 31st Jan mate - fair play for doubling down though.

We can’t carry on as a club the way wee going,, else we will breach FFP regulations.   There was an article online about it 2-3 days ago.  And no, I never wrote it    It may have been written by A4A.

I'll bet you a £20 donation to Acorns that nobody who has started more than 5 games this season leaves this January if you're interested?

The only way I can see that happening, is if the new owners have the loans made by WBA Group Ltd repaid as part of the sale.  This would have an immediate impact on the P&L and FFP.

Also, if the new owners repay the MSD loans to stop interest being charged to the P&L and assists with cash flow as the club no longer has to make the repayments on the loans.

The thing is. We don’t know how much money is in the bank at the moment and whether the club can afford to wait until the Summer to offload players, when a number of players can leave the club at the end of their contracts. 

What we do know, is that unless we are promoted, then the wage bill has to come down. 

At the end of March we will see how much additional funds we borrowed from MSD as I don’t think that’s been made public, or at least I never saw it.  At the end of March the accounts will be available on companies house website and the additional loan taken out a few months ago will have to be included in the directors report as a material post balance sheet event.  i.e.  a large, unusual transaction that took place between the date the accounts were made up to (30 June 2023).

Does that mean you’re not taking CC’s bet?

[Fulham Fallout]

You're going to look pretty daft on 31st Jan mate - fair play for doubling down though.

We can’t carry on as a club the way wee going,, else we will breach FFP regulations.   There was an article online about it 2-3 days ago.  And no, I never wrote it    It may have been written by A4A.

I'll bet you a £20 donation to Acorns that nobody who has started more than 5 games this season leaves this January if you're interested?

The only way I can see that happening, is if the new owners have the loans made by WBA Group Ltd repaid as part of the sale.  This would have an immediate impact on the P&L and FFP.

Also, if the new owners repay the MSD loans to stop interest being charged to the P&L and assists with cash flow as the club no longer has to make the repayments on the loans.

The thing is. We don’t know how much money is in the bank at the moment and whether the club can afford to wait until the Summer to offload players, when a number of players can leave the club at the end of their contracts. 

What we do know, is that unless we are promoted, then the wage bill has to come down. 

At the end of March we will see how much additional funds we borrowed from MSD as I don’t think that’s been made public, or at least I never saw it.  At the end of March the accounts will be available on companies house website and the additional loan taken out a few months ago will have to be included in the directors report as a material post balance sheet event.  i.e.  a large, unusual transaction that took place between the date the accounts were made up to (30 June 2023).

Does that mean you’re not taking CC’s bet?

CC (the real one) said this week that he is hoping to bring in 2 loan players and to hold on to his existing players, unless a large bid come in. Will a large bid come in for any of our players? Doubtful, seeing as most aren't spring chickens.  BTA and Palmer are the only two I could see clubs coming in for.  Fellows is most likely agent talk.

[baggiedave85]

I cant believe that the new owners would not settle the group loans, even despite them being provided for, it would be a way of getting the best from their investment - it would then also put the club on a stronger footing which would then help the club to become more sustainable themselves.

Of course it all depends on the structure of the purchase, and the level of funds the new owners have. Given the discussions on this and other threads about the financial backing of the potential new owners I would be really shocked if the loans are not paid as a way to stablise the club and to assist with FFP.

[Derek Hardballs]

Rest easy everyone, on arrival at work I was greeted by a beautiful Throstle so it must be happening.