Todays EDP

[Smeg 0]

according to todays edp the board personally paid for the new signings this summer a "seven figure sum", this cant be more then £1mill so were has all the money gone? all the monies from the 20,000 season tickets? the player sales?

and also our wage bill must be a lot lighter without Hucks and dion

[blahblahblah 2]

[quote user="Greg Sayer"]

according to todays edp the board personally paid for the new signings this summer a "seven figure sum", this cant be more then £1mill so were has all the money gone? all the monies from the 20,000 season tickets? the player sales?

and also our wage bill must be a lot lighter without Hucks and dion

[/quote]

Why can''t it be more than 1 million ?  How do you work out the sums when all the fees are undisclosed ?

[Robert N. LiM 6,274]

I think he got a bit confused with his 0s. If it''s a seven figure sum, Greg, it can''t be less than 1 million.

[Carlos Valderrama 0]

Does it matter who funds the transfers.  And with regard to where has all the money gone, read the club accounts, they will tell you all you need to know. 

Its probably questionable whether you will understand them in your little black and white world!!  Have you ever heard of overheads and wages etc....

[Evil Monkey 52]

Its a bit of spin, no doubt, but we don''t know how much money has been

put in yet and I guess we''ll only really have any clue come 1st

September...

Question, though: Setting aside the numbers involved, what''s the

difference between Delia and co. putting money into the transfer kitty

from the own pockets, and a certain Mr Cullum doing so? It just seems

that with the latter, he''s automatically a saviour, but with the former

its "spin"...?

[Dions Lightsaber 0]

Interesting his first column reviews the summer''s activities with no mention of the Cullum affair...

[Bury Green 0]

Spin, pure unadulterated spin and what a surprise!

What chance they have loaned the club the money safe in the knowledge that Peter Cullum waits in the wings and part of any sale to him will involve the repayment of those loans?

If the season starts badly there will undoubtedly be increased pressure on Smith & Jones as irrespective of the details of Cullum’s original offer the prospect of Cullum’s millions remain fresh in the fans minds. So if the worst happens there is a very good chance hey will have them repaid.

If the season goes well and we are promoted the loans can be repaid and /or exchanged for shares as lets face it, the last time we got promoted the only impressive thing about our return to the Premiership was the growth of the clubs balance sheet. So why not have more shares in it?

So there you have it, loan the club some money which potentially is being underwritten by Peter Cullum or get promoted and convert it to shares so come on then Doomcaster where am I going wrong?

[Smeg 0]

[quote user="blahblahblah"][quote user="Greg Sayer"]

according to todays edp the board personally paid for the new signings this summer a "seven figure sum", this cant be more then £1mill so were has all the money gone? all the monies from the 20,000 season tickets? the player sales?

and also our wage bill must be a lot lighter without Hucks and dion

[/quote]

Why can''t it be more than 1 million ?  How do you work out the sums when all the fees are undisclosed ?

[/quote]

sorry ment to say ABOUT a million

[Smeg 0]

Bell 600k

hoolihan 250k

dejan 250k

clingin free

nelson free

upoli loan

bertrand loan

kennedy loan

OJ loan

omozusi loan

excludeing loan fees thats ABOUT 1.1mill

[scrimmage 0]

[quote user="Greg Sayer"]

Bell 600k

hoolihan 250k

dejan 250k

clingin free

nelson free

upoli loan

bertrand loan

kennedy loan

OJ loan

omozusi loan

excludeing loan fees thats ABOUT 1.1mill

[/quote]

 

Roeder has said he paid £400k for Bell and £200k for Hoolahan. With loans I would expect the final sum is around £1.1m

[Dame to Blame 108]

On the champoinship review program on sky it said we had spent 1.5 millon.

[pete_norw 0]

The big question is, How much will this board give to Glenn if he gets us promoted in order to keep us there,?  Or do we come straight back down again, they were not in to much of a hurry to show ambition last time  

[quote user="Armitage Shanks"]On the champoinship review program on sky it said we had spent 1.5 millon.
[/quote]

[Grando 336]

Sadly, I don''t think we need worry about what happens if we get promoted... (Though to answer the hypothetical question I imagine it would be much like last time - too little, too late. Little ol'' Norwich.)

[Joanna Grey 0]

[quote user="Bury Green"]

Spin, pure unadulterated spin and what a surprise!

What chance they have loaned the club the money safe in the knowledge that Peter Cullum waits in the wings and part of any sale to him will involve the repayment of those loans?

If the season starts badly there will undoubtedly be increased pressure on Smith & Jones as irrespective of the details of Cullum’s original offer the prospect of Cullum’s millions remain fresh in the fans minds. So if the worst happens there is a very good chance hey will have them repaid.

If the season goes well and we are promoted the loans can be repaid and /or exchanged for shares as lets face it, the last time we got promoted the only impressive thing about our return to the Premiership was the growth of the clubs balance sheet. So why not have more shares in it?

So there you have it, loan the club some money which potentially is being underwritten by Peter Cullum or get promoted and convert it to shares so come on then Doomcaster where am I going wrong?

[/quote]

Do you know the phrase PPOR? Post Proof or Retract, if you can''t put any substance behind your "spin" then you are little better than Doncaster.....

[astrodyne 0]

So Bunny, can you put any proof towards it NOT being spin then? (Should I put some kind of insult in here?ummm)

[Bury Green 0]

[quote user="bunny"][quote user="Bury Green"]

Spin, pure unadulterated spin and what a surprise!

What chance they have loaned the club the money safe in the knowledge that Peter Cullum waits in the wings and part of any sale to him will involve the repayment of those loans?

If the season starts badly there will undoubtedly be increased pressure on Smith & Jones as irrespective of the details of Cullum’s original offer the prospect of Cullum’s millions remain fresh in the fans minds. So if the worst happens there is a very good chance hey will have them repaid.

If the season goes well and we are promoted the loans can be repaid and /or exchanged for shares as lets face it, the last time we got promoted the only impressive thing about our return to the Premiership was the growth of the clubs balance sheet. So why not have more shares in it?

So there you have it, loan the club some money which potentially is being underwritten by Peter Cullum or get promoted and convert it to shares so come on then Doomcaster where am I going wrong?

[/quote]

Do you know the phrase PPOR? Post Proof or Retract, if you can''t put any substance behind your "spin" then you are little better than Doncaster.....

[/quote]

Proof? For gods sake man pick up the last three sets of accounts its there before your -----g eyes. The current majority shareholders have loaned money to the club in the past that has been subsequently converted into shares, it is all there in black and white.

Previously this was against a backdrop of the considerable increase of revenue generated by one season in the Premiership and the two parachute payments and the corresponding increase in balance sheet growth to a point where they own jointly a little over 61% of the clubs share holding. Bunny this isn’t hearsay or conjecture, it is the bare faced reality of their tenure of our club. Right or wrong it matters not, this is what they have done.

So given this is what has happened in the past what Bunny makes you think it is any different now? Because they like you? Because they are foolish with their money? No Bunny its because it is sound business practice but one which they have spun to appear ever so ‘benevolent’ to the people like you.

Set this against a backdrop of having one of the wealthiest men in the country who just happens to be a Norwich City supporter lurking in the background who would, in all likelihood, have to repay those loans as part of any potential deal and what is the real risk to them in loaning the club money pray tell?

Just one more thing Bunny, I know a set of accounts, running a business of reasonable size and how to invest into another one so frankly what this PPOR cobblers is pretty academic. From the time the club allowed supporters such as myself to own shares in the club, receive a set of accounts and attend an AGM they laid themselves open to scrutiny by people who know and understand how to interpret them.

Next

[blahblahblah 2]

What percentage of your personal wealth would you loan the club with no guarantee of return, Bury ?

[astrodyne 0]

Forgive me for butting in, but there is some guarenteed return BBB - the return is continued free publicity. 

[Bury Green 0]

[quote user="blahblahblah"]What percentage of your personal wealth would you loan the club with no guarantee of return, Bury ?[/quote]

As mentioned, I put into the two share issues which as we all know was a bung and nothing much more so in answer to part of your question I already have.  A very enjoyable bung I hasten to add as I love a well spun AGM and in the context of this discussion a set of accounts.  

 That said I seem to recall from the dim and distant past that despite much protestation this isn’t something you have done?  If I am wrong I wholeheartedly apologise. 

Your question is slightly skewed as the issue is not really one of return rather one of security, I didn’t mind burning a grand or two but without any real say in the running of the club why bother with more? 

In the case of these potential directors loans they may charge at say 3% over base which may or may not be wavered, the key is the security of their loan.  Given we are talking about the joint majority shareholders and another major shareholder who dictate the day to day running of the club then the loans security is hardly an issue is it?  After all it can converted to shares as happened in the past or repaid if the club is sold. 

So perhaps a slightly less invidious question for you to have asked is would I put into another share issue?  The answer to which would be a resounding yes as I believe being a genuine supporter takes a lot more than an armchair and a PC and I am sure you’d do the same?

 

[First Jedi 0]

[quote user="Greg Sayer"]

according to todays edp the board personally paid for the new signings this summer a "seven figure sum", this cant be more then £1mill so were has all the money gone?

[/quote]How could a 7 figure sum NOT be over £1 million!?!?

[blahblahblah 2]

You are correct Bury, I am not a shareholder, if another issue comes up and I find myself in the position of being able to burn a few hundred pounds, then I certainly would do so.  What percentage of your personal wealth would you loan the club with no guarantee of return, in exchange for a say in the club then ?  I''m all for an elected fan on the board, I think it would be an excellent idea, Charlton have done it, Plymouth have done it, why not us ?

It seems to me that a fair few of the people who "have a problem" with our incumbents seem to be comfortably off, intelligent people like yourself, Mello, Arthur aswell with his 2 businesses, who have done ok for themselves but haven''t made anywhere near the money that Delia and Mike have, and who think they could do better if they had the chance.  Would that be a fair assessment Bury ? 

[Bury Green 0]

[quote user="blahblahblah"]

You are correct Bury, I am not a shareholder, if another issue comes up and I find myself in the position of being able to burn a few hundred pounds, then I certainly would do so.  What percentage of your personal wealth would you loan the club with no guarantee of return, in exchange for a say in the club then ?  I''m all for an elected fan on the board, I think it would be an excellent idea, Charlton have done it, Plymouth have done it, why not us ?

It seems to me that a fair few of the people who "have a problem" with our incumbents seem to be comfortably off, intelligent people like yourself, Mello, Arthur aswell with his 2 businesses, who have done ok for themselves but haven''t made anywhere near the money that Delia and Mike have, and who think they could do better if they had the chance.  Would that be a fair assessment Bury ? 

[/quote]

 

Strange isn’t it, tell the truth about their tenure of our club and you are accused of being ‘anti club’ all very odd.  

Nothing in my last few posts has been anything other than an observation of facts laid out in accounts which, if applied to the events of the day, will happen once again. 

If so that is fine, I’d do the same but what I find intolerable is the spin put upon it all by their salaried  enforcer Doomcaster who would have us all bowing and scraping, cap doffing and generally tugging our collective forelocks at their unfeasible generosity and I simply don’t buy it, it is downright offensive 

Football has a few people who I would consider to be genuine philanthropists to their chosen club, Whelan at Wigan and Gibson at Middlesbrough who have poured in multi millions over their tenure and all for the love of their club without anything much back but as Delia says, she is only a little millionaire so fair enough. 

As for me blah I am thirty three years her younger so right at the moment I am happy enough but if in years to come there was an opportunity to become a director of our club it is chance I would walk over broken glass to achieve.  

My first task would be to shut Doomcaster up and stop him from ever talking to the media again and to stop putting ladybird book quality spin on every single thing they seem to do, it insults my ----g intelligence

 

[pak mei 0]

what a shame mr cullum isn''t a fan of the same mould as the turners then maybe he would throw in a few mill without needing the acclaim and power he so obviously desires

[whoareyou? 0]

[quote user="foggo7"]what a shame mr cullum isn''t a fan of the same mould as the turners then maybe he would throw in a few mill without needing the acclaim and power he so obviously desires[/quote]

Turners are already shareholders...and IIRC the money they have put in so far is a loan that will be repaid to them.

Mr Cullum as far as we can ascertain offered to put money into the club but wanted shares in return. seems a perfectly reasonable and acceptable request to me.

It''s just a shame that the Turners, Smith and Jones and Cullum could not have all worked together for the benefit of the club. Can you imagine how we could have moved forward then? But seems that 3 big egos together find that hard to do.

[7rew 0]

[quote user="Bury Green"][quote user="blahblahblah"]

You are correct Bury, I am not a shareholder, if another issue comes up and I find myself in the position of being able to burn a few hundred pounds, then I certainly would do so.  What percentage of your personal wealth would you loan the club with no guarantee of return, in exchange for a say in the club then ?  I''m all for an elected fan on the board, I think it would be an excellent idea, Charlton have done it, Plymouth have done it, why not us ?

It seems to me that a fair few of the people who "have a problem" with our incumbents seem to be comfortably off, intelligent people like yourself, Mello, Arthur aswell with his 2 businesses, who have done ok for themselves but haven''t made anywhere near the money that Delia and Mike have, and who think they could do better if they had the chance.  Would that be a fair assessment Bury ? 

[/quote]

 

Strange isn’t it, tell the truth about their tenure of our club and you are accused of being ‘anti club’ all very odd.  

[/quote]

How is that post accusing you of being anti club?  Is saying you have a problem with the current board the same as saying you are anti-club?

[7rew 0]

[quote user="astrodyne"]So Bunny, can you put any proof towards it NOT being spin then? (Should I put some kind of insult in here?ummm)[/quote]

Since when is the burden of proof on Bunny? He made no statement.  Bury Green made a statement and as such should be able to back it up if required.

I could claim the existance of a teapot on Pluto.  You would doubt this.  But it wouldn''t be up to you to prove that it doesn''t exist.

[7rew 0]

[quote user="Bury Green"]

Spin, pure unadulterated spin and what a surprise!

What chance they have loaned the club the money safe in the knowledge that Peter Cullum waits in the wings and part of any sale to him will involve the repayment of those loans?

If the season starts badly there will undoubtedly be increased pressure on Smith & Jones as irrespective of the details of Cullum’s original offer the prospect of Cullum’s millions remain fresh in the fans minds. So if the worst happens there is a very good chance hey will have them repaid.

If the season goes well and we are promoted the loans can be repaid and /or exchanged for shares as lets face it, the last time we got promoted the only impressive thing about our return to the Premiership was the growth of the clubs balance sheet. So why not have more shares in it?

So there you have it, loan the club some money which potentially is being underwritten by Peter Cullum or get promoted and convert it to shares so come on then Doomcaster where am I going wrong?

[/quote]

So its not acceptable for Delia/Wynn-Jones/The Turners to recieve anything for their/have a secure investment, but its fine for Cullum to demand shares for his?

[Bury Green 0]

[quote user="7rew"]So its not acceptable for Delia/Wynn-Jones/The Turners to recieve anything for their/have a secure investment, but its fine for Cullum to demand shares for his?[/quote]

Did I say that?  Read it again, they have done nothing I wouldn’t do namely securing their position for the money they have elected to invest into players.   

My issue is the way they choose to have this portrayed in the local media which acts as yet more fuel to the cap doffing hoards that they are unfeasibly benevolent and doing it all for absolutely nothing. 

Past performance demonstrates that this simply is not the case, almost all money has been by way of loans that have been ultimately converted to shares, the very same shares Peter Cullum may in the future have to buy from them which, as I have already stated, could be argued underwrites these loans.   

When one of the wealthiest men in the country wants to buy your business whilst you are going to be fully aware he’s going to be out for the best deal he can drive it does still provide you with a very easy exit strategy should you so choose? 

They know very well that if this season things don’t start well there will be considerable pressure and the whole Peter Cullum debate will open all over again but will be safe in the knowledge that if indeed he does want to take control of the club these loans will have to be repaid or shares acquired and to be quite frank I would expect the very same if I was in their position. 

As for Bunny’s statement, as I mentioned the evidence is there before you in the accounts what more proof do I need?  Are we to believe they are in some way inaccurate, that loans haven’t been converted to shares?  Or as I suspect neither of you have access to them and base all your opinions on what is spat out for your consumption by the local press? 

And as for the whole ‘anti club’ thing, please don’t insult my intelligence, to many people on this message board daring to query the actions of the joint majority shareholders is tantamount to heresy, the two things to many people are inexorably linked.

 

[Belinda Carlisle 0]

[quote user="blahblahblah"]What percentage of your personal wealth would you loan the club with no guarantee of return, Bury ?[/quote]

From an article in the independent from 2002:

=====================================

The couple invested pounds 1m in 1996 to bail out Norwich and take seats on the board. Two years later, they upped their investment to about pounds 3.5m, buying 61 per cent control. "We knew we''d never see the money again, so we asked each other if there was anything we''d rather do with it. And we said no, Norwich was the greatest passion of our lives and we wanted to help."

 

Sounds like Delia says a reasonable proportion, my board loving friend.

 

[canary cherub 1]

[quote user="astrodyne"]

Forgive me for butting in, but there is some guarenteed return BBB - the return is continued free publicity. 

[/quote]

. . . and I''d have thought they would regard it as a very small price to pay for hanging on to control of the club . . .