Digweeds Trousers
New member
no names mentioned but I am fecking astonished at the table-thumping attitude by some of the people on here.
I work in finance with venture Capital finance, rescue packages and the immediate after-effects of administration once the decision has been taken to go that way. We also help with companies that are coming out of administration, MBO's etc.
It is a question of plain maths. I do not see the board has been less than honest with what we need. I will say, and check the ask the club, that I fear the worse in my dark hours. I want to know more but there are some utterly invariable inevitabilities with running a business.
There is a short-fall of 2million quid over the last 7 years. We have to raise that by the end of the season to be able to have a structure for the next finacial year without taking losses forward, but also for the investment that will come with the new stadium. You assume as a business that the goals set will be reached and have the structure to be able to meet the demands that those goals will bring.
If you sit on your fat hairy arse saying Falmer will not happen or open you stupid vacous gob about Pende and other sites you have the luxury to do that. as a director Brighton and Hove albion football club you do not.
You take the option that the directors, acting in the best interest of the club, deem to be the most beneficial. Falmer for Us.
You then structure the immediate and future finances of the business to get you to that goal and then past that goal and the future.
We cannot do this with the debts that exist at the moment and those losses must be dealt with.
Players are assets and therefore they will be sold to the highest bidder to enable the club to survive. Some companies need to purchase machines that will do the jobs of thirty people and at twice the speed.which will sometimes cost amounts of money far greater than their own net worth. It can be dome and is done. Lending rationales are part of banks and finace institutions criteria.
We are in the same boat. No prospective lender or investor will want to put money into the Falmer development when we go to talk to them about it 6 months 1 year before hand when we are 2 million quid in debt and owe the Inland revenue nearly half a million squid.
Oohhhhh we should say I know that we are potless and incapable of restructuring our finances but we have a very good centre-half.
Not the f***ing point and for one am glad that we have a chairman and a board with the bollocks to lance theboil. We cannot carry on like this. I cannot think of another chairman who has taken on a club in the state we were in in 1996-7. No-one.
He has and has got us to where we are now. If you believe that playing in the championship is more important than the long-term future of the club that is your perogative. But I would not want you anywhere near the board of my beloved Albion. That is my perogative. I think Perseus is a bored little nobody revelling in the attantion he has got. that is his perogative and mine to think he is a twit.
With my professional head I think DK and co are doing this the right way but more importantly the only way. sort out the legacy of debt once we have somehwere that the cash burn can last for a period of time. within that period of time get the new application sorted.
To help survive nuture the youth-system and flog what you can for waht you can get. Keep the business afloat anyway you can until you can get the right site, the right finances and the right investors who see you as a long-term investment, a VIABLE COMMERCIAL INVESTMENT, rather than a couple of quid because they're your local team.
Doing things right very rarely meant getting them done quickly. lance the boil. It will be painful but it will clean the wound once and for all.
I work in finance with venture Capital finance, rescue packages and the immediate after-effects of administration once the decision has been taken to go that way. We also help with companies that are coming out of administration, MBO's etc.
It is a question of plain maths. I do not see the board has been less than honest with what we need. I will say, and check the ask the club, that I fear the worse in my dark hours. I want to know more but there are some utterly invariable inevitabilities with running a business.
There is a short-fall of 2million quid over the last 7 years. We have to raise that by the end of the season to be able to have a structure for the next finacial year without taking losses forward, but also for the investment that will come with the new stadium. You assume as a business that the goals set will be reached and have the structure to be able to meet the demands that those goals will bring.
If you sit on your fat hairy arse saying Falmer will not happen or open you stupid vacous gob about Pende and other sites you have the luxury to do that. as a director Brighton and Hove albion football club you do not.
You take the option that the directors, acting in the best interest of the club, deem to be the most beneficial. Falmer for Us.
You then structure the immediate and future finances of the business to get you to that goal and then past that goal and the future.
We cannot do this with the debts that exist at the moment and those losses must be dealt with.
Players are assets and therefore they will be sold to the highest bidder to enable the club to survive. Some companies need to purchase machines that will do the jobs of thirty people and at twice the speed.which will sometimes cost amounts of money far greater than their own net worth. It can be dome and is done. Lending rationales are part of banks and finace institutions criteria.
We are in the same boat. No prospective lender or investor will want to put money into the Falmer development when we go to talk to them about it 6 months 1 year before hand when we are 2 million quid in debt and owe the Inland revenue nearly half a million squid.
Oohhhhh we should say I know that we are potless and incapable of restructuring our finances but we have a very good centre-half.
Not the f***ing point and for one am glad that we have a chairman and a board with the bollocks to lance theboil. We cannot carry on like this. I cannot think of another chairman who has taken on a club in the state we were in in 1996-7. No-one.
He has and has got us to where we are now. If you believe that playing in the championship is more important than the long-term future of the club that is your perogative. But I would not want you anywhere near the board of my beloved Albion. That is my perogative. I think Perseus is a bored little nobody revelling in the attantion he has got. that is his perogative and mine to think he is a twit.
With my professional head I think DK and co are doing this the right way but more importantly the only way. sort out the legacy of debt once we have somehwere that the cash burn can last for a period of time. within that period of time get the new application sorted.
To help survive nuture the youth-system and flog what you can for waht you can get. Keep the business afloat anyway you can until you can get the right site, the right finances and the right investors who see you as a long-term investment, a VIABLE COMMERCIAL INVESTMENT, rather than a couple of quid because they're your local team.
Doing things right very rarely meant getting them done quickly. lance the boil. It will be painful but it will clean the wound once and for all.
