Takeover

[SW4Baggie]

As Fulham keeps kindly pointing out, with no hint of condescension or arrogance, a lot of this is beyond plebs like me but, what I glean from his expert analysis is that, even if our new owner is the richest bloke on the planet, it is irrelevant, as FFP is going to screw us anyway and the fire sale is inevitable. We may as well, therefore, end this thread and come back in February.

What's everybody having for tea.

So if you're a financially stable club in this division is there any advantage in having a mega rich owner?  I guess they can spend in other areas like training facilities,  the ground etc

You can buy promotion at the risk of huge FFP sanctions (see FOSUN/Mendes/Wo1ve5 in 2017/18). Do often find it surprising Coates family at Sjoke haven't gone down this route last couple of years.

How did the dings get away with it? Was it investigated at all?

They won the league so they were no longer under the jurisdiction of the EFL.

The PL and EFL have agreed to honour the other side’s punishments so that’s not true.

Wolves didn’t breach FFP, they’d been a relatively solvent club under Morgan and Fosun were able to structure payments so that they didn’t lose the required amounts. There was also a loophole with FFP where owners could turn loans into equity that helped a lot of clubs avoid sanctions. 

The easiest way to spunk your way out of the division is through transfer fees. Paying big wages like we do os what cripples you on FFP, as well as cash flow!

[wba13]

I like most of us were hopping for Takeover news before Xmas but it looks like it won’t happen now until the new year.
Still I hope the news will be good in the end.

[Babel]

All griping aside, I’d rather the takeover was done properly and with scrutiny than over-quick and half-arsed.

[Fulham Fallout]

So if you're a financially stable club in this division is there any advantage in having a mega rich owner?  I guess they can spend in other areas like training facilities,  the ground etc

You can buy promotion at the risk of huge FFP sanctions (see FOSUN/Mendes/Wo1ve5 in 2017/18). Do often find it surprising Coates family at Sjoke haven't gone down this route last couple of years.

How did the dings get away with it? Was it investigated at all?

They won the league so they were no longer under the jurisdiction of the EFL.

The PL and EFL have agreed to honour the other side’s punishments so that’s not true.

Wolves didn’t breach FFP, they’d been a relatively solvent club under Morgan and Fosun were able to structure payments so that they didn’t lose the required amounts. There was also a loophole with FFP where owners could turn loans into equity that helped a lot of clubs avoid sanctions. 

The easiest way to spunk your way out of the division is through transfer fees. Paying big wages like we do os what cripples you on FFP, as well as cash flow!

That’s not correct.

Transfer fees also affect FFP, as the fee is charged to the profit and loss account (on a straight line basis) over the length of the contract.  So, if we buy a player for £15m on a 3 year contract, £5m (£15m/3) would be charged to the profit & loss account every year and impact FFP.

Transfer fees obviously impact cash flow too and more often than not are front end loaded.  e.g, £10m on signing the player and £5m one year later.  Grant was the exception, with his fee payable over the length of his contract.

[TETLEY74]

All griping aside, I’d rather the takeover was done properly and with scrutiny than over-quick and half-arsed.

Agreed as long as the long term future of the club is secured for future generations of baggies to enjoy thats all i ask.

[Johnnykayeengland]

All griping aside, I’d rather the takeover was done properly and with scrutiny than over-quick and half-arsed.

Agreed as long as the long term future of the club is secured for future generations of baggies to enjoy thats all i ask.

Me too. And I hope that there really is a "fit and proper" test that new owners have to pass.... The FA and the EFL are presumably involved somewhere here?
I really don't know.

[wba13]

If this is true does anyone know how long this take.
So NDA has been signed and according to comments attributed to Carlos, interested parties have been to ground and training ground. So for the business suits out there what would be normal time frame for take over?

[Fulham Fallout]

All griping aside, I’d rather the takeover was done properly and with scrutiny than over-quick and half-arsed.

Agreed as long as the long term future of the club is secured for future generations of baggies to enjoy thats all i ask.

Me too. And I hope that there really is a "fit and proper" test that new owners have to pass.... The FA and the EFL are presumably involved somewhere here?
I really don't know.

https://www.efl.com/governance/acquisiti...eclaration.

[Duffers]

The F&P test is neither fit nor proper. Think in all the years it has existed the number of potential owners who have failed could be counted on one hand (and not a Dingle hand).

[Dreamkiller]

As Fulham keeps kindly pointing out, with no hint of condescension or arrogance, a lot of this is beyond plebs like me but, what I glean from his expert analysis is that, even if our new owner is the richest bloke on the planet, it is irrelevant, as FFP is going to screw us anyway and the fire sale is inevitable. We may as well, therefore, end this thread and come back in February.

What's everybody having for tea.

So if you're a financially stable club in this division is there any advantage in having a mega rich owner?  I guess they can spend in other areas like training facilities,  the ground etc

You can buy promotion at the risk of huge FFP sanctions (see FOSUN/Mendes/Wo1ve5 in 2017/18). Do often find it surprising Coates family at Sjoke haven't gone down this route last couple of years.

We spent squillions in the build up to relegation. We spent squillions to build a bland mid-table team in our first year back in the Championship. 

Basically, whilst it shouldn't be a hindrance to spend money like it's going out of fashion, in our case it's definitely no guarantee of success, and would in all probability lead us to massive points deductions and a relegation to League 1. 

Also, although they're not averse to manipulating the system to gain advantage, such as selling the ground to themselves, they're not the sort to deliberately 'break' the rules. Coates Senior always took pride in having his place on the FA, and wouldn't want Junior sullying the family reputation.