Thu Mar 19, 2015 8:23 pm
Forever Blue wrote:' VINCENT TAN TO RAISE £40 MILLION FROM CITY NEXT SEASON ? '
I believe Tan would like to claw back at least £40 million before next season starts, thats why Slade will be here no matter what the fans think about him.
Slade has done what Tan has asked so far.
Think about it, Slade on wages approx£2,000 plus a week, told to sell, sell, sell and keep us up in the Championship, Slade has achieved both.
Now he will have to do the same for next season, not many managers would do that, top managers would be asking for money and going for promotion, they would tell Tan where to go.
' So £40 million? '
£19 million from parachute payments.
Plus sales of players like Manga,Macheda,Le Fondre,Fabio, Marshall etc.
Can you name any that we would get £millions for? ?
Thu Mar 19, 2015 8:26 pm
Pant_yr_awel bluebird wrote:Forever Blue wrote:' VINCENT TAN TO RAISE £40 MILLION FROM CITY NEXT SEASON ? '
I believe Tan would like to claw back at least £40 million before next season starts, thats why Slade will be here no matter what the fans think about him.
Slade has done what Tan has asked so far.
Think about it, Slade on wages approx£2,000 plus a week, told to sell, sell, sell and keep us up in the Championship, Slade has achieved both.
Now he will have to do the same for next season, not many managers would do that, top managers would be asking for money and going for promotion, they would tell Tan where to go.
' So £40 million? '
£19 million from parachute payments.
Plus sales of players like Manga,Macheda,Le Fondre,Fabio, Marshall etc.
Can you name any that we would get £millions for? ?
Is the little dictator punishing us for winning our civil war.
Thu Mar 19, 2015 9:37 pm
ThomasC wrote:paulh_85 wrote:ThomasC wrote:Forever Blue wrote:jayb wrote:Wonder why season tickets sales are down
I can see that our team will be full of lower division players and for that,the prices of admission should come down.
spot-on Annis![]()
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but the price of admission has pretty much stayed the same for 6 seasons now. Thats not really too bad is it?
Not many businesses go on record to say they are not going to give the same value as before, but promote there product to the customers at the same value
Thu Mar 19, 2015 10:18 pm
Thu Mar 19, 2015 10:59 pm
Forever Blue wrote:' VINCENT TAN TO RAISE £40 MILLION FROM CITY NEXT SEASON ? '
I believe Tan would like to claw back at least £40 million before next season starts, thats why Slade will be here no matter what the fans think about him.
Slade has done what Tan has asked so far.
Think about it, Slade on wages approx£2,000 plus a week, told to sell, sell, sell and keep us up in the Championship, Slade has achieved both.
Now he will have to do the same for next season, not many managers would do that, top managers would be asking for money and going for promotion, they would tell Tan where to go.
' So £40 million? '
£19 million from parachute payments.
Plus sales of players like Manga,Macheda,Le Fondre,Fabio, Marshall etc.
Can you name any that we would get £millions for? ?
Thu Mar 19, 2015 11:06 pm
Thu Mar 19, 2015 11:10 pm
Thu Mar 19, 2015 11:31 pm
2blue2handle wrote:Trollope
And answer me why slade doesn't play the players he signed? What happens when he signs more lol
Thu Mar 19, 2015 11:35 pm
Thu Mar 19, 2015 11:37 pm
Thu Mar 19, 2015 11:54 pm
Fri Mar 20, 2015 2:41 pm
Fri Mar 20, 2015 2:49 pm
ccfcsince62 wrote:Annis , which option are you going for? Your post title says Tan is trying to raise £40m next season , then the post itself says he wants to claw back £40m before next season starts - they are two different things unless you mean he intends to do both.
Also cash flows and profits/(losses) are two different things which posters often get mixed up when discussing the club`s finances. For instance , last season the club lost £12m in profit and loss terms but actually generated a small amount of net cash of £29k. I will try and explain and analyse this below
1.From normal trading activities (gate money and other income less wages and other running costs) , the club generated net cash of £4.2m
2. The club received £64.5m in new loans and £2.5m in new share money from Vincent Tan , but used £15.7m of this to pay off other loans (part of Langston , PMG , Player Fund etc) , so that was a further net receipt of cash of £51.3m
3) Adding 1. and 2. together makes a total of £55.5m coming into the club during the year.
4) The club spent the above money on the cost of new players (£45.8m) , but got £3.1m back in from player sales. It also spent out £12.8m on the stadium and equipment ( of which £11.8m was on the Ninian Stand extension). That gives a total of £55.5m so all that came in cash wise was spent out to almost exacly the same extent so cash only went up by £29,000.
This current season , to just breakeven in profit terms (not cash terms), the club will have to make cost savings or get extra income (or a combination of both would do)of about £52m to cover the loss of £12m made last year and the difference between last year`s Sky money of £63m and this year`s parachute payment.
Part of this should come from having to write off far less as a cost of writing down player values (last season`s cost was over £18m) and the value of the stand extension (£5.5m written off last year). Also , there should not be a repeat of the loss of £5.2m made on selling players as we would have made a profit on Medel , Caulker , Mutch , Campbell etc in this year`s accounts.
In cash terms , we have spent out far less cash on new players , haven`t paid back VT or any other creditors (other than Sam`s £1m a year until it was stopped) and haven`t wasted money again on the ground extension.