Chabal

[quote user="BigFish"][quote user="archer4721"] i don''t think we should be slinging too much mud at Ipswich. Its a real possibility that we are going to be in a similar situation in the future. Personally, i wouldn''t turn down a similar deal if one was to come our way. This is 21st century football, some people really need to get with the times. Look at where they are, and are heading. Now look where we are are, and where we''re heading. We may be eating humble pie in large quantity. [/quote] This is unlikely to happen to us since the club is largely well run based on values rooted in the comuinity. Ipswich on the other hand have been a basket case since their Uefa Cup qualification (maybe some on this board can learn from this) went to their heads. I am not sure they are heading anywhere special as the so called £12 million war chest seems to have been spent largely on Champs level trundlers.  If you wouldn''t turn down a deal like this (Sell the club for £3.8 million, borrow a stack of cash and pay £3million a season for it) it is you that really needs to get with the times. I don''t even think they are much more likely to see the Prem in the next three years than we are. [/quote]   I think that just illustrates how misguided you are! Evans only stands to  make a profit on his investment if we are in the Premiership. Any other scenario and he loses money. That much is indisputable.

[quote user="Ralph Wright"]" it''s been written on virtually every football forum in East Anglia since last November! " err, not quite true my little cockney wannabe. When I posted up (in Dec) that your impoverished club would be paying interest on the prefential sharesyou, and any number of ''other'', pitchfork jugglers came on our board and squeaked to high heaven about how wrong I was. In fact you could not contain your deluded delight at believing you had found someone so financially inept as your now booted out chairman to hand over a pile of money. Many on here will remember those posts. So what now ? The red faced buffoon has been sent up the road. The paupers are paying interest on what was always a loan to cover future losses and they can''t even attract a stand sponsor never mind a shirt sponsor. Well here''s a suggestion. The £6m to Aviva was an interim payment on the money owed, with more payments due once the paupers had supposedly gained Premiership status. Aviva would not have handed over the debt for that sum without the possibility of future earnings from the Premiership being factored in. So maybe it is not in MEI''s interest to get the club promoted. They can happily sit in the championship and asset strip what''s left. Remember they, as club owners, OWN the player contracts. Any sales will be merely increase their take. Curious to see if the ownership of the lease on the ground is seperate from the rest of the club. If you doubt this ask yourselves what has happened to the massive investment the suffolk simpletons bleated about six months ago ? Why did the finance director jump ship ? Why has there been no outside sponsorship, as with ALL other clubs ? Someone knows something, methinks. As to predictable nonsense and whinging of our terminally stupid binner might I point out that there appears to be a pattern here. I wonder how much more he will fail to grasp and have to have explained to him by his rather more worldly wise neighbours. Oh yes, and it wasn''t "since last November" either. The letter to the shareholders (first outlining the proposals) didn''t even go out until December  ! ! ! durrrrrrrrrrrrr [/quote]   I''ll do this slowly, just for Ralph!   1) I never claimed we would not be paying interest on the preferential shares, I challenge you to provide a shred of evidence that I did. No? Didn''t think you could. You''re doing that thing (again) where you make things up and state them as fact. It''s the sign of a weak argument IMHO.   2) We have a shirt sponsorship, and it''s worth considerably more than yours!   3) I have seen no evidence to support your ridiculous ''suggestion'' that the Aviva payment was ''interim''. Yet again you''ve made something up and been unable to prove it. I can see a pattern here!   4) "So maybe its not in MEI''s interest to get the club promoted". I think i''ve heard it all now. I hope you felt a twinge of embarassment when writing that, you certainly should do.   5) My shareholders letter outlining the takeover (and including the preferential shares) is dated 29th November. The contents are certainly discussed on TWTD on 2nd December. Now  whether it was 30th Nov or 1st Dec that they arrived is hardly relevant. It merely serves to highlight the paucity of your argument that you have pulled me up on this.   Hope this helps x

[quote user="BigFish"][quote user="Chabal"][quote user="WEEN_NASTY"][quote user="Chabal"][quote user="WEEN_NASTY"][quote user="Chabal"][quote user="7rew"][quote user="bunny"] The club will repay the £8.1m loan after it has been in Premier League for five years. titter... [/quote] Thats brilliant PR as it makes him look good while at no time mentions the other 32 million they owe him, which has no known conditions for repayment.  If the owner of the club decides to it could be repayed tomorrow. hmmm.  The millionaire clearly isn''t as much of a mug as he looks. [/quote]   It couldn''t be repaid tomorrow because we don''t have it. Which is the exact problem that NU had, and why they sold a £32m debt for £6m. The only way that that debt is ''worth'' anything is if we are in the Premiership. [/quote] It is irrelevant what Evans bought the debt for. Ipswich owed £32m to Morley Fund Management, a company owned by NU parent group Aviva. Evans bought the debt and now you owe him £32m. Like I said, you are his female dogs.   [/quote]   My God, it''s difficult to get a simple message across on here isn''t it?   I was merely making the point that for the Marcus Evans, £32m is only actually possible to get back if we are in the Premiership. Until then it''s just a piece of paper. [/quote] Two points. When/if you get promoted the higher running costs would drain funds as well as Mr Evans. What if Mr.Evans gets bored of flogging the dead Suffolk Punch after a few years of chucking money at it without success? That will leave you saddled with huge debts and no chance of another benefactor. Or maybe another Evans? Its all a pipe dream matey   [/quote]   Er, 8 months ago we were saddled with a large debt, and we managed to get an investor. If evans gives up he''ll simply be in the same position as NU were for the previous 3 years - with a piece of paper saying we owe him £32m, but with no actual way of getting it. [/quote] Er, 8 months ago you had a large debt but Morley were foregoing the interest. Now you have a large debt and pay your benefactor £2.5m a year to service it. Nice one, trigger. [/quote]   As I told you before, Morley were NOT forgoing the interest, they were taking 5% of the club per year as a repayment.  Please try and make sure you have even a basic grasp of the facts before posting! Ta.

[quote user="WEEN_NASTY"][quote user="Chabal"][quote user="WEEN_NASTY"][quote user="Chabal"][quote user="7rew"][quote user="bunny"] The club will repay the £8.1m loan after it has been in Premier League for five years. titter... [/quote] Thats brilliant PR as it makes him look good while at no time mentions the other 32 million they owe him, which has no known conditions for repayment.  If the owner of the club decides to it could be repayed tomorrow. hmmm.  The millionaire clearly isn''t as much of a mug as he looks. [/quote]   It couldn''t be repaid tomorrow because we don''t have it. Which is the exact problem that NU had, and why they sold a £32m debt for £6m. The only way that that debt is ''worth'' anything is if we are in the Premiership. [/quote] It is irrelevant what Evans bought the debt for. Ipswich owed £32m to Morley Fund Management, a company owned by NU parent group Aviva. Evans bought the debt and now you owe him £32m. Like I said, you are his female dogs.   [/quote]   My God, it''s difficult to get a simple message across on here isn''t it?   I was merely making the point that for the Marcus Evans, £32m is only actually possible to get back if we are in the Premiership. Until then it''s just a piece of paper. [/quote] Two points. When/if you get promoted the higher running costs would drain funds as well as Mr Evans. What if Mr.Evans gets bored of flogging the dead Suffolk Punch after a few years of chucking money at it without success? That will leave you saddled with huge debts and no chance of another benefactor. Or maybe another Evans? Its all a pipe dream matey   [/quote]   Er, 8 months ago we were saddled with a large debt, and we managed to get an investor. If evans gives up he''ll simply be in the same position as NU were for the previous 3 years - with a piece of paper saying we owe him £32m, but with no actual way of getting it.

[quote user="WEEN_NASTY"][quote user="Chabal"][quote user="7rew"][quote user="bunny"] The club will repay the £8.1m loan after it has been in Premier League for five years. titter... [/quote] Thats brilliant PR as it makes him look good while at no time mentions the other 32 million they owe him, which has no known conditions for repayment.  If the owner of the club decides to it could be repayed tomorrow. hmmm.  The millionaire clearly isn''t as much of a mug as he looks. [/quote]   It couldn''t be repaid tomorrow because we don''t have it. Which is the exact problem that NU had, and why they sold a £32m debt for £6m. The only way that that debt is ''worth'' anything is if we are in the Premiership. [/quote] It is irrelevant what Evans bought the debt for. Ipswich owed £32m to Morley Fund Management, a company owned by NU parent group Aviva. Evans bought the debt and now you owe him £32m. Like I said, you are his female dogs.   [/quote]   My God, it''s difficult to get a simple message across on here isn''t it?   I was merely making the point that for the Marcus Evans, £32m is only actually possible to get back if we are in the Premiership. Until then it''s just a piece of paper.

    He''s been to PR several times, but never been photographed. I occasionally look over to where Sheepy sits when I''m at matches, but it''s not easy when you don''t know what you''re looking for!

[quote user="Rasputin was a C..."]I think its more a case of what will the long term future hold for your club Chabal if the team doesn''t make the Prem. Yes he might be putting money into the club now but if it doesn''t work out and he moves on, Ipswich will be in a very sticky situation. Of course nothing is certain but I wouldn''t be so enthusiastic about where you club could end up. [/quote]   I still don''t see what Evans would actually do, if, say, after 5 years we were still in the Championship. Yes he *could* bankrupt us, but he''d get virtually nothing back, and lose in the process his entire investment (£12m so far) plus an I.O.U for £32m. It simply wouldn''t make financial sense for him to do that. Because of this debt, this potential of £32m which goes with the club i''d say the chances of us being driven to bankruptcy are very small indeed.

[quote user="7rew"][quote user="bunny"] The club will repay the £8.1m loan after it has been in Premier League for five years. titter... [/quote] Thats brilliant PR as it makes him look good while at no time mentions the other 32 million they owe him, which has no known conditions for repayment.  If the owner of the club decides to it could be repayed tomorrow. hmmm.  The millionaire clearly isn''t as much of a mug as he looks. [/quote]   It couldn''t be repaid tomorrow because we don''t have it. Which is the exact problem that NU had, and why they sold a £32m debt for £6m. The only way that that debt is ''worth'' anything is if we are in the Premiership.

[quote user="jbghost"] Botom line is that before Evans came on the scene Ipswich were not paying any interest on the loan. They are now paying him the best part of 3 million a year. The debt he bought for 6 million is of course still actually £32 million and attracting interest at 7%. He will have got all his money back in 3 years and the £32 million is getting bigger each year due to ongoing trading loss. Evans certainly knows how to make money easily. [/quote]   Not actually correct. We were paying NU back by giving away 5% of the club each year, paying in stock rather than cash, but it was an unsustainable situation. Something had to give.

I don'' think there''s anything more to add to that...

[quote user="WEEN_NASTY"][quote user="Chabal"][quote user="WEEN_NASTY"] . You lot really are paupers.   [/quote]   Hmmm, paupers who spent £3m in january, good point well made. I''m enjoying living like a pauper! [/quote] Borrowed £3m in January. Sorry maybe a spendthrift (also called profligate) is someone who spends money prodigiously and who is extravagant and recklessly wasteful. The modern legal remedy for spendthrifts is usually bankruptcy.   [/quote]   Yes because Marcus Evans'' master plan is to lend us £12m, take on another £32m debt and then drive us into bankruptcy, ensuring he gets a 0% return on both investments. No wonder Norfolk is a business backwater with acumen like that. Keep it coming!

[quote user="WEEN_NASTY"] . You lot really are paupers.   [/quote]   Hmmm, paupers who spent £3m in january, good point well made. I''m enjoying living like a pauper!

[quote user="West_London_Canary"] [quote user=" Desi Rascall"]Sam Hamman tried a similar thing at cardiff recently, tried to call in 24 million debt owed to him in one go,but was blocked by the courts, the outcome in the case is still ongoing but the result could well determine the future of club football, imagine if the Glaizers or Abrovanovitch tried that![/quote]   The Glaizers or Abramovich would probably be killed by some nutter fan before it even got to the courts, In Ipswich''s case they will probably just have to just sit tight and pray to god that this Mr Evans which they know absolutely nothing about doesn''t turn nasty and screw them up big time. I mean the man owns over 85% of the club so what he says goes basically. I don''t think the binners will be too smug about the whole takeover talk now do you? Time for them to wake up and smell the coffee If the Club did one day get the debt that Evans currently owns back to them, I would post that youtube video of the Ipswich fans in Carrow Road singings "were ****** loaded" on every football forum I know!     [/quote]   Everyone knew we were paying interest to Evans whilst he owns us - it''s been written on virtually every football forum in East Anglia since last November! 

[quote user="WEEN_NASTY"] http://www.eadt.co.uk/content/eadt/sport/story.aspx?brand=EADOnline&category=IpswichTownFC&tBrand=EADOnline&tCategory=zsport&itemid=IPED05%20Jun%202008%2010%3A27%3A23%3A470 Here we go. The real meaning of the Evans takeover. Still in hock to the tune of £32m and paying interest on pref shares at £564,000 p.a. I think its safe to say that Ipswich are Evans'' b1tch.  [:D] [/quote]   I don''t see a problem. He is covering our yearly losses of £2-3m and investing more cash in the team. who''s doing that for you? Oh.

[quote user="Old Boy"][quote user="Chabal"] There is a huge difference between being cautioned and being charged with common assault. Possibly 2 separate incidents? Sounds like Joey Barton without the talent to me.. [/quote] You''d know a lot more than us about this sort of business, being an ITFC fan. And about the "without the talent" bit as well. [/quote]   Recent results would suggest would suggest otherwise. Good try though.

[quote user="camuldonum"] [quote user="rum-ole-boy"][quote user="eagle"]I''m sorry but I have to step in here, I know Chris personally and I know for a fact that he isn''t even in this country. So maybe you want to check this?[/quote] I think this is old news bud [/quote] Unless it is a different incident we did this story some while ago.  Who started what will no doubt be in dispute but so far as Pc Plod was concerned it was a "six of one, half a dozen of the other incident" and the only thing that got it into the papers was the involvement of young Mr Martin (we don''t normally do Beccles punch ups, there''s no market).  The Mirror had a tip (and no doubt the local Chav was well pleased with his £30 if he was bright enough to ask for it and give his name and address although he won''t have received it yet - the Mirror group pay two months in arrears). Publican did 999, tables overturned, glasses smashed, Pc Plod arrives.  Ambulance arrives (goes away).  Pc Plod takes names and addresses and some witness statements and decides no court will ever work out who did what to whom and PS: There''s too many bloody forms anyway so sod it Result: stern (lol!) words at Police Station, cautions for several people (not just Mr Martin). I suspect this is the same incident because if it had happened again it is unlikely he would have been "cautioned" again.  A caution (which people have to sign) includes the proviso that if you commit an offence of a "similar nature" within the next three years Pc Plod reserves the right to attempt to charge you for the "cautioned" offence as well.  It could happen but a second caution for the same offence has to be signed off by a Chief Inspector or higher.   [/quote]     There is a huge difference between being cautioned and being charged with common assault. Possibly 2 separate incidents? Sounds like Joey Barton without the talent to me..

[quote user="WeAreYellows49"][quote user="norfolkchance1"] I''m probably going to get some stick for saying this. I think some people are writing things on the boards that would never have been able to be posted previously due to moderation. No-one minds using asteriks e.t.c. on the odd occasion  but some people are writing the full word and just adding an * in the middle and posting. I haven''t got a problem with most of it but there is an increasing amount of unecessary swearing being used and I know I am not the only person whose noticed this. Everyone likes free speech and want''s to air their views like they would in the street but when they said they were removing moderation there were certain rules we had to abide by. [/quote] You will always get people on here who''s intellect is such that they know no other form of language, and each sentence is formed of F this or P that.  There are so many wonderful words in the English language, it''s just a shame that a minority cannot use words other than swear words to express how they feel.   [/quote]   I think there is a place for swearing - those who refuse to swear are, in fact, the ones who are limiting their vocabulary rather than those who choose to!

Was just looking at the arguments over money spent on new stands as opposed to new players, and thinking how little has changed!

and on and on and on....

I think the biggest problem for Nodge is not how much they can afford to invest, compared to other CCC sides, but rather their ''starting point'' in relation to these sides. Teams who missed out this year (Watford, Palace, Wolves, Ipswich) could probably all invest £0 over the summer and still be likely to finish in the top half. The same is clearly not true of Norwich.

[quote user="Mister Positive"] [quote user="TheRatAxe"]Why would they need a major overhaul , they finished 2 points off the play offs if they add a little quality where its needed they will be a force next season .If we finish one place above them next season we wont have done to bad.[/quote] They finished in 8th place with a points total that would, as a rule get you 12th/13th spot. QED Ipswich might finish 10th/11th next year, big WOW! [/quote]   Er, no it wouldn''t!

[quote user="jas the barclay king"] "Marcus [Evans] wants to own a Premiership club, I want to be chairman of a Premiership club again and Jim [Magilton] wants to manage a Premiership club." best they all leave Ipswich and go and find a premiership club jas :) [/quote]   If i was you, I''d be worrying about problems closer to home, Jas!

Exactly. We''re building slowly on a relatively succesful season. Can''t see a problem.

Good plan, I''ll be there..

To get rid of Chris Martin, someone would need to take on his wages , which is exceedingly unlikely. Norwich are stuck with him until the end of his contract..