Thu Jun 07, 2012 8:37 am
Thu Jun 07, 2012 8:39 am
Owain wrote:It seems that:
- We still owe VT £40m, and presumably this is rising if we're losing £1m a month.
- No deal with Langston has been done yet.
- VT will consider swapping his debt to equity if and when the Langston issue is sorted.
- VT was never going to pull out
Did you miss the bit where they said they would look for additional investors or even some other party to bt the club?
- Looking at feasibility of stadium increase (which stadium was built to allow)
- Full steam ahead with training ground - although they haven't decided on a location, or whether to just stay at the vale.
- Malky has a transfer budget - (which is obviously the good news!)
- Bluebird on the badge was an afterthought, and it had to be explained to the Malaysians why we'd want to keep a bluebird on it!
Not quite the £100m 'investment' that has been so talked about.
Thu Jun 07, 2012 8:45 am
BigGwynram wrote:Owain wrote:It seems that:
- We still owe VT £40m, and presumably this is rising if we're losing £1m a month.
- No deal with Langston has been done yet.
- VT will consider swapping his debt to equity if and when the Langston issue is sorted.
- VT was never going to pull out
Did you miss the bit where they said they would look for additional investors or even some other party to bt the club?
- Looking at feasibility of stadium increase (which stadium was built to allow)
- Full steam ahead with training ground - although they haven't decided on a location, or whether to just stay at the vale.
- Malky has a transfer budget - (which is obviously the good news!)
- Bluebird on the badge was an afterthought, and it had to be explained to the Malaysians why we'd want to keep a bluebird on it!
Not quite the £100m 'investment' that has been so talked about.
Thu Jun 07, 2012 8:46 am
Owain wrote:It seems that:
- We still owe VT £40m, and presumably this is rising if we're losing £1m a month.
- No deal with Langston has been done yet.
- VT will consider swapping his debt to equity if and when the Langston issue is sorted.
- VT was never going to pull out
- Looking at feasibility of stadium increase (which stadium was built to allow)
- Full steam ahead with training ground - although they haven't decided on a location, or whether to just stay at the vale.
- Malky has a transfer budget - (which is obviously the good news!)
- Bluebird on the badge was an afterthought, and it had to be explained to the Malaysians why we'd want to keep a bluebird on it!
Not quite the £100m 'investment' that has been so talked about.
Thu Jun 07, 2012 8:46 am
Owain wrote:It seems that:
- We still owe VT £40m, and presumably this is rising if we're losing £1m a month.
- No deal with Langston has been done yet.
- VT will consider swapping his debt to equity if and when the Langston issue is sorted.
- VT was never going to pull out
- Looking at feasibility of stadium increase (which stadium was built to allow)
- Full steam ahead with training ground - although they haven't decided on a location, or whether to just stay at the vale.
- Malky has a transfer budget - (which is obviously the good news!)
- Bluebird on the badge was an afterthought, and it had to be explained to the Malaysians why we'd want to keep a bluebird on it!
Not quite the £100m 'investment' that has been so talked about.
Thu Jun 07, 2012 8:48 am
Owain wrote:It seems that:
- We still owe VT £40m, and presumably this is rising if we're losing £1m a month.
- No deal with Langston has been done yet.
- VT will consider swapping his debt to equity if and when the Langston issue is sorted.
- VT was never going to pull out
- Looking at feasibility of stadium increase (which stadium was built to allow)
- Full steam ahead with training ground - although they haven't decided on a location, or whether to just stay at the vale.
- Malky has a transfer budget - (which is obviously the good news!)
- Bluebird on the badge was an afterthought, and it had to be explained to the Malaysians why we'd want to keep a bluebird on it!
Not quite the £100m 'investment' that has been so talked about.
Thu Jun 07, 2012 8:50 am
Tony Blue Williams wrote:Owain wrote:It seems that:
- We still owe VT £40m, and presumably this is rising if we're losing £1m a month.
- No deal with Langston has been done yet.
- VT will consider swapping his debt to equity if and when the Langston issue is sorted.
- VT was never going to pull out
- Looking at feasibility of stadium increase (which stadium was built to allow)
- Full steam ahead with training ground - although they haven't decided on a location, or whether to just stay at the vale.
- Malky has a transfer budget - (which is obviously the good news!)
- Bluebird on the badge was an afterthought, and it had to be explained to the Malaysians why we'd want to keep a bluebird on it!
Not quite the £100m 'investment' that has been so talked about.
Honestly some of you are starting to sound desperate. Pick holes all you like no-one is listening anymore.
Thu Jun 07, 2012 8:50 am
Tony Blue Williams wrote:
Honestly some of you are starting to sound desperate. Pick holes all you like no-one is listening anymore.
Thu Jun 07, 2012 8:51 am
Owain wrote:Tony Blue Williams wrote:
Honestly some of you are starting to sound desperate. Pick holes all you like no-one is listening anymore.
It's a pretty big hole though...
I'm just amazed how many people are happy that this red shirt/new badge has now solved our debt problems, and we're now running a financially stable football club. Nothing has changed! (Obviously VT is still here, but I don't think they were ever going to pull out)
Thu Jun 07, 2012 8:52 am
Thu Jun 07, 2012 8:53 am
Thu Jun 07, 2012 9:10 am
tylerdurdenisabluebird wrote:You don't need a big hole to sink a ship
Thu Jun 07, 2012 10:15 am
Thu Jun 07, 2012 10:20 am
Thu Jun 07, 2012 10:23 am
smakerzthebluebird wrote:And the rebrand is not about shirt sales that will take years to get even revenue of 5-6 million per year it's about putting the club on the map for potential investors ( publicity has achieved this and businesses all over the world will be watching our progress over coming months) stadium namiing rights once Langston are sorted ad boards shirts sponsors its the whole revenue streams that can be provided and all games will be live in Malaysia what better way than for British businesses lookin to penetrate Malaysian markets than to then use city as their tool to advertise out there
Thu Jun 07, 2012 10:39 am
smakerzthebluebird wrote:I think that some people including Annis are missing the sole point here, yes it's pretty obvious they were not pulling out as they have £40m invested, however they could have just sat back as a creditor and wait for us to go to the wall which lets face it wouldn't be long as we are losing over a million a month, they're debts are secured against the clubs assets so they would always get a large proportion of there money back even if they pulled out and left us to our devices, let's not forget they don't currently own any part of this club until they start converting debt to equity, until that point they are creditors to the club who charge 7% interest!
I will be more than happy when this langston issue is sorted and the debt gets converted to equity as we will then have a balance sheet that will provide other investors with a club possibly workin investing in cos at present anyone with a ffiniancial eye can see we are insolvent, so those that say we wouldn't get wound up or go into admin clearly have no idea as we don't have the cash flow to sustain more than 6 months spending without tans money, don't get me started on FairPlay rules either until people read those thoroughly u won't understand the need for revenue pushes ie the red rebrand
Thu Jun 07, 2012 11:24 am
Thu Jun 07, 2012 11:27 am
Thu Jun 07, 2012 11:46 am
smakerzthebluebird wrote:Sorry I meant points not sole
They have invested a total of 40m approx and as far as I am aware none has been converted to equity, some other debts have been converted yes, my point being they at present have no real tie to the club other than the loans they have provided to the club
I was also led to believe that they have secured these loans against the stadium, if I am wrong I stand corrected
Thu Jun 07, 2012 12:19 pm
Thu Jun 07, 2012 4:31 pm
jama wrote:My first question to alan whiteley wouldve been... Alan.. why are you such a scaremongering lying prick?