Show me the money!

[Bigbrenn 88]

With the Rashica saga dragging on and funds not forthcoming for rebuilding, why can't Attansio 'loan' that money to the club? Take the offer from whomever and put that money into the club and finance the deal himself (with interest).

Or better still, why can't Delia and Michael finance the deal if they really love the club.

Or is that too simplistic?

[Google Bot 3,933]

10 minutes ago, Bigbrenn said:

Or is that too simplistic?

He's already loan the club 10m, and each loan puts us in debt with an individual or institution, which isn't great for a self sufficient model as it's another outgoing.   As in life, you're best to spend the money you have, or not spend at all.

[cambridgeshire canary 7,798]

Beacause if you take out a loan you have to pay it back.

 

[TheGoogler 604]

30 minutes ago, Bigbrenn said:

With the Rashica saga dragging on and funds not forthcoming for rebuilding, why can't Attansio 'loan' that money to the club? Take the offer from whomever and put that money into the club and finance the deal himself (with interest).

Or better still, why can't Delia and Michael finance the deal if they really love the club.

Or is that too simplistic?

It's a bit like telling people who shop in Asda they should shop in Waitrose and put the money on a credit card.

[keelansgrandad 6,680]

5 minutes ago, cambridgeshire canary said:

Beacause if you take out a loan you have to pay it back.

 

Really? The Glazers don't

[BroadstairsR 2,273]

18 minutes ago, cambridgeshire canary said:

Beacause if you take out a loan you have to pay it back.

 

On the other hand a loan enables a club to buy players which improve performance and potential which in turn increases income which in turn provides funds to service that loan.

Businesses taking on loans to improve infrastructure in order to increase production and profit is nothing new. Hotels, restaurants, shops etc. taking out loans to increase capacity or appeal in order to increase turnover is nothing new.

Of course football is a unique case in as much as the race to the top leads to paying unrealistic and unaffordable wages which means they often seem to become a bottomless financial pit. Nevertheless, some risk taking can be appropriate if well thought out.

Edited July 11, 2023 by BroadstairsR

[Top corner 260]

4 minutes ago, keelansgrandad said:

Really? The Glazers don't

The Glazers put it on the club’s credit card, rather than their own, hence why the club is over half a billion in debt. 

Edited July 11, 2023 by Top corner

[Wings of a Sparrow 1,708]

46 minutes ago, Bigbrenn said:

With the Rashica saga dragging on and funds not forthcoming for rebuilding, why can't Attansio 'loan' that money to the club? Take the offer from whomever and put that money into the club and finance the deal himself (with interest).

Or better still, why can't Delia and Michael finance the deal if they really love the club.

Or is that too simplistic?

Delia and Michael do love the club, they just don't have any money. Well in footballing terms anyway.

[BroadstairsR 2,273]

3 minutes ago, Wings of a Sparrow said:

Delia and Michael do love the club, they just don't have any money. Well in footballing terms anyway.

I often wondered why they didn't lend the £5m bond business needed for Colney expansion instead of it being put in the hands of middle-men at great expense to the club. The payback was also expensive. 

It would have shown good faith and trust in the club, been less messy, and they would have got a decent return in the form of added interest along with the premium.

Having said that, if they have contributes just £100 to the club over the years without return then we should be grateful. I am never sure whether they have or not.

[norfolkngood 1,174]

1 hour ago, Bigbrenn said:

With the Rashica saga dragging on and funds not forthcoming for rebuilding, why can't Attansio 'loan' that money to the club? Take the offer from whomever and put that money into the club and finance the deal himself (with interest).

Or better still, why can't Delia and Michael finance the deal if they really love the club.

Or is that too simplistic?

Why would one director put money in when the others will not ? 

i imagine if MA owned the club out right he could sort of give the club a bridging loan like i will pay for 15mil of players but when we sell Max and Rashica i will get the money back ,

That is what could mess this transfer window up for us i imagine clubs will not wait forever for us to sell if someone else has the cash upfront ,

 

[nutty nigel 7,902]

38 minutes ago, BroadstairsR said:

 

Having said that, if they have contributes just £100 to the club over the years without return then we should be grateful. I am never sure whether they have or not.

That's a ridiculous and ignorant statement. They've had of loans converted into shares and undewritten rights issues meaning more shares all at a time when the shares were worthless. In the past they've also invested in catering to our club's great benefit and even paid transfer fees. Do they ever claim the interest on their preference shares?

Of course they've grown the business to such an extent that the shares could be worth a lot of money. But what happens to that money remains to be seen.

What have you ever done for our club Broady?

[BroadstairsR 2,273]

I did state that I was (genuinely) unsure of their financial commitment so that little lecture was unjustified as it wasn't a ridiculous statement.

What have you ever done for the club NN?

Over the years there is no doubting that we both have committed vast sums of money, one way or another, in supporting it, but neither of us would ever be in the bracket of those who could commit millions.

If that's what you are getting at. Rather a silly remark actually, stick to the lectures in future.

Edited July 11, 2023 by BroadstairsR

[shefcanary 2,955]

45 minutes ago, BroadstairsR said:

I often wondered why they didn't lend the £5m bond business needed for Colney expansion instead of it being put in the hands of middle-men at great expense to the club. The payback was also expensive. 

It would have shown good faith and trust in the club, been less messy, and they would have got a decent return in the form of added interest along with the premium.

Having said that, if they have contributes just £100 to the club over the years without return then we should be grateful. I am never sure whether they have or not.

Ah Broady, very little of their millions of pounds of wealth will be held in cash. To have invested about 20% of their estimated fortune in the club would have involved quite a bit of expense on their part to release their funds in a form transferable to the club. There will have been fund manager fees, loss of investment return, legal fees, all incurred on their part. The return on their loan would, as in hindsight we know, have been affordable and paid over quickly. However up front there were no guarantees of this so I am sure they would have wanted a coupon rate at least equal to the rate paid out on the bond anyway. Smith & Jones are canny with their money and would not want a repeat of their previous interest free loans to the club and share conversions and underwritings as at the start of their tenure. Delia cannot guarantee at her age being able to produce another top 10 best selling cookbook to cover any more investment into the club.  

[Unhinged Canary 375]

But aside from all that, what have the Romans ever done for us?

[nutty nigel 7,902]

1 minute ago, BroadstairsR said:

I did state that I was (genuinely) unsure of their financial commitment so that little lecture was unjustified as it wasn't a ridiculous statement.

What have you ever done for the club NN?

Over the years there is no doubting that we both have committed vast sums of money, one way or another, in supporting it, but neither of us would ever be in the bracket of those who could commit millions.

If that's what you are getting at.

I'm just getting at your ridiculous and ignorant statements which seem to be your only contribution to our club.

[BroadstairsR 2,273]

 

 

3 minutes ago, nutty nigel said:

I'm just getting at your ridiculous and ignorant statements which seem to be your only contribution to our club.

No you weren't you were making a stupid comment and that latest and ignorant remark has does nothing to retract from that fact.

[Dr Greenthumb 793]

2 hours ago, Bigbrenn said:

With the Rashica saga dragging on and funds not forthcoming for rebuilding, why can't Attansio 'loan' that money to the club? Take the offer from whomever and put that money into the club and finance the deal himself (with interest).

Or better still, why can't Delia and Michael finance the deal if they really love the club.

Or is that too simplistic?

S & J haven’t got the money to fund anything for the club in 2023.
It’s concerning we haven’t got any money for transfers and there’s been zero mention of the Maddison sell on.

[wcorkcanary 4,784]

14 minutes ago, Dr Greenthumb said:

zero mention of the Maddison sell on.

Are they expected to announce this then? ..a few million ? Like its a big deal.  Everyone knew it was happening . Its probably been accounted for, maybe it'll be announced when it hits the bank , but I don't see why.  Do we announce all amounts we receive?

[nutty nigel 7,902]

57 minutes ago, BroadstairsR said:

 

 

No you weren't you were making a stupid comment and that latest and ignorant remark has does nothing to retract from that fact.

Any supporter over 40 would know this stuff.

Edited July 11, 2023 by nutty nigel

[Dr Greenthumb 793]

27 minutes ago, wcorkcanary said:

Are they expected to announce this then? ..a few million ? Like its a big deal.  Everyone knew it was happening . Its probably been accounted for, maybe it'll be announced when it hits the bank , but I don't see why.  Do we announce all amounts we receive?

A few million is quite a big deal to this football club tbf 

[nutty nigel 7,902]

Just now, Dr Greenthumb said:

A few million is quite a big deal to this football club tbf 

Where isn't a few million quid a big deal?

[BroadstairsR 2,273]

23 minutes ago, nutty nigel said:

Any supporter over 40 would no this stuff.

Is that so?

What if that supporter was working overseas for many spells during that period, of course had no internet.

Never mind.

Any supporter, whatever the access, should also be capable of appreciating every single thing Delia and her husband have done for the club without finding it necessary to be committed to  lifelong obeisance to them whatever their propensity for predictable a-rse wiping defence anytime any perceived criticism is detected on their radar.

 

Edited July 11, 2023 by BroadstairsR

[Dr Greenthumb 793]

3 minutes ago, nutty nigel said:

Where isn't a few million quid a big deal?

Ask the OP who I replied to

[Capt. Pants 5,008]

Nothing to stop Attanasio gifting or loaning the club money I suppose, except that why would he want to? All a bit easier to say when it's other people's money. 

Trouble is benefactors generally want their money back at some stage either by repayment or selling the club, and rightly so.

[nutty nigel 7,902]

14 minutes ago, BroadstairsR said:

Is that so?

What if that supporter was working overseas for many spells during that period, of course had no internet.

Never mind.

Any supporter, whatever the access, should also be capable of appreciating every single thing Delia and her husband have done for the club without finding it necessary to be committed to  lifelong obeisance to them whatever their propensity for predictable a-rse wiping defence anytime any perceived criticism is detected/interpreted.

 

 

2 hours ago, BroadstairsR said:

 

Having said that, if they have contributes just £100 to the club over the years without return then we should be grateful. I am never sure whether they have or not.

If a supporter had spent periods of their lives on the moon they'd know that statement was ridiculous and ignorant.

Edited July 11, 2023 by nutty nigel

[Dr Greenthumb 793]

1 minute ago, Capt. Pants said:

Nothing to stop Attanasio gifting or loaning the club money I suppose, except that why would he want to? All a bit easier to say when it's other people's money. 

Trouble is benefactors generally want their money back at some stage either by repayment or selling the club, and rightly so.

He’s already loaned £10m though, I’d imagine he’s hesitant until he has full control

[nutty nigel 7,902]

1 minute ago, Capt. Pants said:

Nothing to stop Attanasio gifting or loaning the club money I suppose, except that why would he want to? All a bit easier to say when it's other people's money. 

Trouble is benefactors generally want their money back at some stage either by repayment or selling the club, and rightly so.

Benefactors don't. Investors do.

[hogesar 10,762]

11 minutes ago, BroadstairsR said:

Is that so?

What if that supporter was working overseas for many spells during that period, of course had no internet.

Never mind.

Any supporter, whatever the access, should also be capable of appreciating every single thing Delia and her husband have done for the club without finding it necessary to be committed to  lifelong obeisance to them whatever their propensity for predictable a-rse wiping defence anytime any perceived criticism is detected on their radar.

 

Actually, Nutty just pointed out how incredibly wrong you were on a previous post. I'm not sure it's a-rse wiping defence to not let lies and made up insinuations sit on the forum unchallenged?

[Capt. Pants 5,008]

4 minutes ago, Dr Greenthumb said:

He’s already loaned £10m though, I’d imagine he’s hesitant until he has full control

Of course. Plus having loaned £10m we then plummet to our lowest league position for years.

[nutty nigel 7,902]

8 minutes ago, Dr Greenthumb said:

Ask the OP who I replied to

I know.

It's a crazy world where £40 is too much for a shirt and £25 is too much for membership yet a few million quid appears to be neither here or there...