Is our club being cleared up (financially) ....,

In preparation for sale soon?

no.

no.

I don't think so either but it will certainly look a better option to any potential buyers if we look like a slightly better run ship with shorter contracts to cut if necessary.

Yep but we have already been told that before a ball was kicked this season cost cutting will happen

If it gets rid of tan then GOOD

Not at all

I expect us despite massive cost savings to make a massive loss when this seasons accounts come out next year

The club is still heading for a big loss according to Choo and not far off the limits for FFP apparently, so no, not really.
With our parachute money dropping another 8-10m ish next year there will need to be more cuts and sales in the summer

If we do make another loss this year our debt will be in the region of £200 million and with the
dwindling support its going to get very messy.
Tan is no fool and will go down every avenue to get back some of his loss once he's pocketed the parachute payments.
He has long lost interest in the club and is just bidding his time to do with us what he wants.

If we do make another loss this year our debt will be in the region of £200 million and with the
dwindling support its going to get very messy.
Tan is no fool and will go down every avenue to get back some of his loss once he's pocketed the parachute payments.
He has long lost interest in the club and is just bidding his time to do with us what he wants.

200 million can you tell me where you got that ammount from ?

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

If we do make another loss this year our debt will be in the region of £200 million and with the
dwindling support its going to get very messy.
Tan is no fool and will go down every avenue to get back some of his loss once he's pocketed the parachute payments.
He has long lost interest in the club and is just bidding his time to do with us what he wants.

200 million can you tell me where you got that ammount from ?

We had £176 million of debt last year add on to that this years loss and we will be heading to £200 million.Basic maths.

With the shite support were getting the gate money would not even be covering the interest.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

I've not read anything anywhere to prove tan has been milking the parachute payments far as I'm aware they have been used to absorb as much of the losses as possible to date to stop him having to stump the £2m a month he was ploughing in at one point

As for the overall debt I believe it was around £140m to tan in the last accounts I'm sure Keith has better figures but liabilities were close to that amount with the bulk owed to Vincent tan

I don't ever see him making a penny from us unless we are in the premiership safety achieved early and someone takes a punt on us

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

I think he's trying to run the club at a small loss in the hope we eventually go up.

He'll change the recruitment to lower league younger players and young players brought through his European clubs in the hope that we eventually click.

It might work, it might not.
However I think some fans might be in for a bit of a shock as I reckon he'll only sell when he can get most of his money back- i.e if we get promoted.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

It's only a guess, but I think he's looking at trying to slowly bring the wage bill down to reduce what he has to put in and then run us at a small loss in the hope we can go up at some point.
I also think he's looking to use his European clubs to improve us on the cheap.

I reckon a lot have it wrong, in that he's looking long term at developing the club this way.

Whether this strategy works or no who knows.

If we go up I think he'll sell us to recoup as much of his money as he can.

If we do make another loss this year our debt will be in the region of £200 million and with the
dwindling support its going to get very messy.
Tan is no fool and will go down every avenue to get back some of his loss once he's pocketed the parachute payments.
He has long lost interest in the club and is just bidding his time to do with us what he wants.

200 million can you tell me where you got that ammount from ?

We had £176 million of debt last year add on to that this years loss and we will be heading to £200 million.Basic maths.

With the shite support were getting the gate money would not even be covering the interest.

last year didn't have the players sales caulker etc

If we do make another loss this year our debt will be in the region of £200 million and with the
dwindling support its going to get very messy.
Tan is no fool and will go down every avenue to get back some of his loss once he's pocketed the parachute payments.
He has long lost interest in the club and is just bidding his time to do with us what he wants.

200 million can you tell me where you got that ammount from ?

We had £176 million of debt last year add on to that this years loss and we will be heading to £200 million.Basic maths.

With the shite support were getting the gate money would not even be covering the interest.

last year didn't have the players sales caulker etc

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

It's only a guess, but I think he's looking at trying to slowly bring the wage bill down to reduce what he has to put in and then run us at a small loss in the hope we can go up at some point.
I also think he's looking to use his European clubs to improve us on the cheap.

I reckon a lot have it wrong, in that he's looking long term at developing the club this way.

Whether this strategy works or no who knows.

If we go up I think he'll sell us to recoup as much of his money as he can.

I believe Slade is part of the long term plan, I think he does his job and is gone in the summer, minus a lot of high earners, then its a gamble on a young coach who wants to bring kids through from the academy and "feeder" clubs.

I am expecting loads to go this window.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

It's only a guess, but I think he's looking at trying to slowly bring the wage bill down to reduce what he has to put in and then run us at a small loss in the hope we can go up at some point.
I also think he's looking to use his European clubs to improve us on the cheap.

I reckon a lot have it wrong, in that he's looking long term at developing the club this way.

Whether this strategy works or no who knows.

If we go up I think he'll sell us to recoup as much of his money as he can.

I believe Slade is part of the long term plan, I think he does his job and is gone in the summer, minus a lot of high earners, then its a gamble on a young coach who wants to bring kids through from the academy and "feeder" clubs.

I am expecting loads to go this window.

Like another Watford.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

It's only a guess, but I think he's looking at trying to slowly bring the wage bill down to reduce what he has to put in and then run us at a small loss in the hope we can go up at some point.
I also think he's looking to use his European clubs to improve us on the cheap.

I reckon a lot have it wrong, in that he's looking long term at developing the club this way.

Whether this strategy works or no who knows.

If we go up I think he'll sell us to recoup as much of his money as he can.

I believe Slade is part of the long term plan, I think he does his job and is gone in the summer, minus a lot of high earners, then its a gamble on a young coach who wants to bring kids through from the academy and "feeder" clubs.

I am expecting loads to go this window.

Like another Watford.

Yes, If his Belgium clubs manager looks promising, it could be him. I think Vinny got his fingers burnt and you have to earn his trust.

My Kingfisher shares lost half their value about 10 years ago, rather than sell at a loss, i have kept them, receive a dividend, they are still not worth much more than half, but there was no real advantage to selling them. I never check their price I just get a statement every year. A bit like Vinny.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

It's only a guess, but I think he's looking at trying to slowly bring the wage bill down to reduce what he has to put in and then run us at a small loss in the hope we can go up at some point.
I also think he's looking to use his European clubs to improve us on the cheap.

I reckon a lot have it wrong, in that he's looking long term at developing the club this way.

Whether this strategy works or no who knows.

If we go up I think he'll sell us to recoup as much of his money as he can.

I believe Slade is part of the long term plan, I think he does his job and is gone in the summer, minus a lot of high earners, then its a gamble on a young coach who wants to bring kids through from the academy and "feeder" clubs.

I am expecting loads to go this window.

Like another Watford.

Yes, If his Belgium clubs manager looks promising, it could be him. I think Vinny got his fingers burnt and you have to earn his trust.

My Kingfisher shares lost half their value about 10 years ago, rather than sell at a loss, i have kept them, receive a dividend, they are still not worth much more than half, but there was no real advantage to selling them. I never check their price I just get a statement every year. A bit like Vinny.

Johan Walem is the K V Kortrijk manager and they are 11th on 25 points in the Belgian league.

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

It's only a guess, but I think he's looking at trying to slowly bring the wage bill down to reduce what he has to put in and then run us at a small loss in the hope we can go up at some point.
I also think he's looking to use his European clubs to improve us on the cheap.

I reckon a lot have it wrong, in that he's looking long term at developing the club this way.

Whether this strategy works or no who knows.

If we go up I think he'll sell us to recoup as much of his money as he can.

I believe Slade is part of the long term plan, I think he does his job and is gone in the summer, minus a lot of high earners, then its a gamble on a young coach who wants to bring kids through from the academy and "feeder" clubs.

I am expecting loads to go this window.

Like another Watford.

Yes, If his Belgium clubs manager looks promising, it could be him. I think Vinny got his fingers burnt and you have to earn his trust.

My Kingfisher shares lost half their value about 10 years ago, rather than sell at a loss, i have kept them, receive a dividend, they are still not worth much more than half, but there was no real advantage to selling them. I never check their price I just get a statement every year. A bit like Vinny.

Johan Walem is the K V Kortrijk manager and they are 11th on 25 points in the Belgian league.

Wonder if he is learning English or can already speak it. Been around decent clubs and players.

Don't think he has his PGCE in PE like our Russ though

Can someone please tell me how we are still haemorrhaging cash out of the club please. Yes we still have some players on big wages but slowly they are being removed. I'm assuming the parachute payments are all heading straight to Malaysia but I still can't see that after this season of cuts, we will still be losing money. We'll have a big debt with intrest payments but can't see where the losses would be coming from apart from that.

VT has stated that he would leave the club in a better state than he took it over. Make of that what you will I suppose.

We've still got a massive wage bill.
It was over £40m and although £12m was taken off it, I would expect it's still not far off £30m
There are also plenty of other costs, club staff, stadium costs, agent fees, equipment rental, admin, legal etc...


Our income would be about £10-15m normal income, plus parachute payments of something like £20-16m

These figures might not be exact, but they aren't a million miles out, but it's clear to see that we are heavily reliant on the parachute payments and that without major cuts in the wage bill we will struggle to make a profit, never mind Tan keeping the parachute payments

Thanks for explaining, mate. So what do you think VTs plan is? Clearly it isn't 'let's throw cash at possible promotion'. Could it be, clear the decks a bit, get a new guy as manager and then give it another go at promotion? Or am I wishful thinking. Can't see what he's trying to do.

It's only a guess, but I think he's looking at trying to slowly bring the wage bill down to reduce what he has to put in and then run us at a small loss in the hope we can go up at some point.
I also think he's looking to use his European clubs to improve us on the cheap.

I reckon a lot have it wrong, in that he's looking long term at developing the club this way.

Whether this strategy works or no who knows.

If we go up I think he'll sell us to recoup as much of his money as he can.

I believe Slade is part of the long term plan, I think he does his job and is gone in the summer, minus a lot of high earners, then its a gamble on a young coach who wants to bring kids through from the academy and "feeder" clubs.

I am expecting loads to go this window.

Like another Watford.

Yes, If his Belgium clubs manager looks promising, it could be him. I think Vinny got his fingers burnt and you have to earn his trust.

My Kingfisher shares lost half their value about 10 years ago, rather than sell at a loss, i have kept them, receive a dividend, they are still not worth much more than half, but there was no real advantage to selling them. I never check their price I just get a statement every year. A bit like Vinny.

Johan Walem is the K V Kortrijk manager and they are 11th on 25 points in the Belgian league.

Wonder if he is learning English or can already speak it. Been around decent clubs and players.

Don't think he has his PGCE in PE like our Russ though

No and that is the vital qualification to succeed.