Window Cleaner

What's all that red ink about then?.

But we've had informed speculation on this before. The theory then was the FC Ltd be put into administration but not the PlC or the Stadium Ltd. Those that spoke of it at the time seemed to be intimating that it had already been run through the legal eagles by the board and that it was in order.

Well that's a reasonable figure, I just can't help thinking (not from any particular knowledge) that he was tapped up by Milan and offered more money; Call it intuition if you will.

Interesting that you say that, do you not think then that the good attendances last season were being artificially maintained by these "special offers". The drink and eat's provided very little profit although there must be a nice mark up on the programme. How long did that go on?? Just asking. Could be why we lost so much money last season, if we were" paying ground staff but getting no gate revenue it could explain a lot of things.I have oft wondered how we managed to lose 14 million orso last season, I could see it a lot more clearly if these "special offers" were going on big time and that there were say 1000 or 2000 less paying fans than the gate figures reflect .The ST core figure would then bear the brunt of the matchday attendance. On March Madness and Early Bird we'd be struggling, really struggling;

As you wish ;)

The doomsday plan is already in force; Aviva are making us pay according to our guarantees, leaves no money for us to play football with, hence the shîte team and the shîte results which will lead to an even shîter team and even shîter results ad infinitum until we find our level.

Everybody who has bad,medium or even quite good loans is struggling on the LSE just now. They're all over stretched and over exposed, we would be considered as pretty toxic, yes.

Long term lease, paying off your mortgage, not much difference really. Except that you don't own it at the end of the day and you lose whatever you've already paid. That was then, Pension plans aren't into dodgy deals any more. They're going to sit on whatever they have in their tin box and ride out the storm.

Call it informed speculation if you will. Leave it there, it won't happen but if you wish to think it might then be my guest.

You can't hand it over to the council when you owe the Norwich Union 20 million on it.

Probably a very dodgy company, if they're registered in the BVI, they've probably plenty to hide, a lot of them have.

The right price will be more than anyone will pay. SMS has no intrinsic value unless there's a big development plan for than part of the city.The scruffy part,surrounded by a gasometer that you can't knock down and a lot of slum flats and cutprice shops.Walk around there it's awful, there's no money to be made in investing in that area, not yet, not while their are better areas about.

Too much debt outstanding, credit crunch, falling land prices....etc etc etc. Aviva would rather sit it out and enforce their guarantees than sell it off for a loss.

Apparently Elland Road is owned by a BVI company known as Teak trading corporation. They paid Adler 12 million for it on a lease and buy back arrangement. 12 million is one thing ,30 million is something else.

Won't happen at SMS, believe me.

We paid off some debt in the 2006/7 season because we sold Bale and got to the play-offs,furthermore we still had the 6.7 million parachute payments.Crouch is for nothing in the deal, the club was run by Wilde and the execs in that period.Last season ie 2007/8 we sold players for a profit of 9.1 million in the summer and only bought Davies in january. In that financial period despite making a profit of 8 million or so on players ,the gross loss will be about 5 or 6 million. So last year, because of reduced gates, no more parachute payments and overpaid players we lost a total of about 14 million pounds.More than our entire player and coaching salary mass. We have no choice, unless we can boost gates to 30000 for every home game at an average of £18 per ticket after VAT we have to cut costs,player costs.

Which grounds and by whom? We're we heading into financial helter skelter in that period? I only know 1 Coventry and the council was involved in that..

We paid the players with it Marco,and the office staff,and the stewards,and the people who work in the shops and the electricity bill and the rates,and the overdraft charges. We don't make enough money to cover our costs, Lowe isn't magicking it into a top hat or a swiss bank account, we pay more than we earn, thus we lose money.Fortunately for us the bank let's us do that, when they stop we wont know what has hit us.All those people who are still getting paid even though we're spending more than we can afford just won't get paid any more. It's really that simple. Then when some little office girl has lost her job at £7 an hour or whatever you'll understand just what the significance of paying players £10K,12K 15K to sit on their asses all last season is all about;

he didn't want to know last year, he won't have changed his mind now. Pearson, no comment to make other than it's probably not as simple as it all seems. By the way, you probably couldn't afford Pearson moving expense with what we're paying Robertson,Pulis and Pekhart. Just how much do you all think we're paying these kids?? Oh for the transparency of the NFL and it's salary caps and know contract deals; It makes bullsh*t and urban myth impossible.

Anyone remember what the rates are on the stadium?

Rent it back from who?? I don't know where you all get this idea from that someone will buy SMS as a going concern.It's worth neither it's construction value or it's ground value. Aviva have a loan note of about 20 million outstanding on it. Nothing will change that, not administration, bankruptcy or whatever.The will seek other buyers but there is no certainty that they would let it out to us. As I have told you all many times the repayments and interest on SMS are 2.2 million £ per year. That equates to 4681 full priced bums on seats at every home match.No kids,no pensioners,no ST holders,full priced £24 less VAT tickets. Staggering isn't it,and we've that for another 18 years or so. They have guarantees and will keep on enforcing them until the debt falls below the value that they could get by calling in the loan and selling the stadium. They won't let go until someone pays them off.And seeing how the last lot turned out they'll be pretty damn choosy about who the let"take over" the club.

Oh there will be in some shape or form, whether it draws 30000 supporters per game or 5000 there will still be SFC. No club has ever gone out of existence completely, dropped down divisions, changed location, franchised, but they're all there in some form or other. we might eventually have to move to a smaller stadium,but what would happen to SMS I've no idea. The core support of the club can't support it and it's not worth the amount we paid for it in any other form. In fact in a total meltdown Aviva(or Norwich Union) would be the biggest loser unless they could sell it to Pompey but I think that's highly unlikely. They really are out on a limb just now. What there won't be,and this is what many seem to regret, is Premiership SFC,with stars and glitz and glamour.People who have no memory of the club before 1980 or so. We were awful in Div 3 south but the Dell usually got pretty packed, it was a social thing, blokes worked hard all week, went to the pub on Friday and the Dell on Saturday.Still suppose everybody plays golf now and goes to the casino.

Football (to some people) is like fags, you know you should give it up but you can't and the tobacconist doesn't run after you with special offers and flash gifts in every packet. He knows you'll come in and buy the filthy stuff ,often against your better judgement. That's what it's like fior some football fans.Clubs like Newcaste and Boro thrive on it, no matter how bad the product is and how bad it is for you they'll buy it anyway.

I doubt that his qualities outweigh his salary though. If Crouch was against it ,well then it must be firkin ginormous. He's been out up till now, 3 months of the season, that's probably cost us in the region of 120K, for absolutely fook all. Imagine the right back that we could have got on a free and a reasonable CCC salary for that.It's just that we couldn't get rid of Euell in time. You've to weigh up cost against contribution, why even Chelsea do it .

Not if he's some moolah I'm not. want our situation to be sorted out as much as anyone but there are plants who make the forum a pain in the butt, which is a pity; There are some simple minds on here that are easily railroaded into words and actions which we,as a club might, regret. If Mr Fulthorpe has some serious wherewithal, let him step forward ,but if not let him call off his agents until he has. The sooner the better as far as I'm concerned. Someone is trying to drive the club into administration, I don't think it's Lowe and Wilde.They are fighting a desperate and catastrophic rearguard action to stave it off and as usual the fans are suffering.