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Shifty Sid

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Posts posted by Shifty Sid


  1. I hear what you''re saying - I am not implying we don''t have money problems; being £20Mn in debt we clearly do.  I am merely saying we are not on the verge of Administration as soom doom mongers on here would have everyone believe.Annual Turnover is what?  £8Mn?  The debt is about £20M.My annual salary is £30k.  My outstanding mortgage is £75k - does that mean I am about to go bankrupt?  No.The same applies with the club.

  2. As a shareholder can I just say we are not anywhere near Administration and due to the structure of our finances, it is very unlikely that would happen.The debts are a combination of interest free loans by the Directors.  The rest of the debt is a 20-year securitisation deal with AXA, on low interest and fixed monthly payments.  The monthly payments are manageable and the arrangement is much like a mortgage.Clubs that go into Administration have short-term debts upon which the banks can make an immediate demand for repayment.  This is what happened to use in the 90''s when we were forced to sell Jon Newsome and Ashley Ward.The difference with our debt compared to say Luton Town is that ours is like a mortgage, where as theirs was like a whopping credit card bill.Bell wanted to move for family reasons, he''s hardly featured for us and we got more for him than we actually paid out.  100% of that money goes straight back into the transfer kitty.End of.

  3. I read the article too but thought he was leaning more toward Ian Crook with A N Other to give him Championship info because he''s been in Oz for so long.I always read Waghorn with interest, as a chum of Delia he is party to information before the rest of us mere mortals.  He never discloses information outright, but if you disect what he says, you can get the facts by reading between the lines.  Last time round, he said Roeder a good few days before the appointment - and I think it''s fair to say not many of us knew who the manager was going to be until he walked into the press conference...Interesting times ahead...

  4. Also on BBC and Waghorn''s sitehttp://news.bbc.co.uk/sport1/hi/football/internationals/7831932.stmhttp://norwichcity.myfootballwriter.com/full_article.asp?i=4456I suggest Waghorn is watched VERY carefully - he said Roeder days before he was announced last time round, and hinted at Worthy or Rioch yesterday.  He is pals with Delia and knows more inside info than the other scribes.
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