RobertT
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« Reply #30 on: Tuesday, October 9, 2007, 08:21:52 » |
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That has to be a mere headline grabber from the Adver rather than a true cost of purchasing the club.
I mean, how the fuck can a company that has so much debt expect to recoup £3m in share capital. It's fucking insolvant for fucks sake. And I sympathise with the Wills financially for putting in so much over the years. But wanting £8m back. Fuck off. It's partly your own fault anyway.
Surely the adver made these figures up? The most recent accounts show a net worth of -£15m, so £18m is not unreasonable. The state of our balance sheet has been known for months, since they produced the 04/05 accounts really, the 05/06 ones just out merely show a continuing decline. The only difficulty would have been trying to figure out what the debt was made of and who to etc, plus the couple of contended debts (and some that may have appeared year on year that seem a little perplexing to the naked eye I guess). |
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STFC_Gazzza
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« Reply #31 on: Tuesday, October 9, 2007, 08:21:53 » |
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NOW IT IS TIME TO PROTEST AND PROTEST HARD
Totally agree. NOW is the time. As much as I hate to get on peoples backs during matches, even chants for the board to fuck off at tongihts game surly must be in order. |
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Colin Todd
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Posts: 3318
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« Reply #32 on: Tuesday, October 9, 2007, 08:26:42 » |
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That has to be a mere headline grabber from the Adver rather than a true cost of purchasing the club.
I mean, how the fuck can a company that has so much debt expect to recoup £3m in share capital. It's fucking insolvant for fucks sake. And I sympathise with the Wills financially for putting in so much over the years. But wanting £8m back. Fuck off. It's partly your own fault anyway.
Surely the adver made these figures up? The most recent accounts show a net worth of -£15m, so £18m is not unreasonable. The state of our balance sheet has been known for months, since they produced the 04/05 accounts really, the 05/06 ones just out merely show a continuing decline. The only difficulty would have been trying to figure out what the debt was made of and who to etc, plus the couple of contended debts (and some that may have appeared year on year that seem a little perplexing to the naked eye I guess). But of that £-15m, £5m-ish was due to be wiped out by paying the £900k CVA baloon payment wasnt it? oh. |
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sonic youth
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« Reply #33 on: Tuesday, October 9, 2007, 08:28:32 » |
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the end is extremely fucking nigh. im up for a protest against this bunch of useless wankers tonight, anyone else?
just pure and outright vitriolic hatred towards the board. nothing less.
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Luci
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Posts: 10862
Fatbury's Stalker
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« Reply #34 on: Tuesday, October 9, 2007, 08:30:02 » |
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Perhaps everyone thinking of the town end should surround exec box in the arkells instead?
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RobertT
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Posts: 12249
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« Reply #35 on: Tuesday, October 9, 2007, 08:30:09 » |
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That has to be a mere headline grabber from the Adver rather than a true cost of purchasing the club.
I mean, how the fuck can a company that has so much debt expect to recoup £3m in share capital. It's fucking insolvant for fucks sake. And I sympathise with the Wills financially for putting in so much over the years. But wanting £8m back. Fuck off. It's partly your own fault anyway.
Surely the adver made these figures up? The most recent accounts show a net worth of -£15m, so £18m is not unreasonable. The state of our balance sheet has been known for months, since they produced the 04/05 accounts really, the 05/06 ones just out merely show a continuing decline. The only difficulty would have been trying to figure out what the debt was made of and who to etc, plus the couple of contended debts (and some that may have appeared year on year that seem a little perplexing to the naked eye I guess). But of that £-15m, £5m-ish was due to be wiped out by paying the £900k CVA baloon payment wasnt it? oh. Not that I know of, I think it's listed as a risk in the notes to the accounts, basically stating it could all go tits up and then the accounts would be worthless as the club would not be a going concern anyway (Si may be able to shed some more light). It doesn't break the value down, hence why it would be tougher than you'd think to really work out what you were buying (which effectively is who do you end-up owing and what). |
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random_five
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Posts: 537
Downton, Wiltshire
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« Reply #36 on: Tuesday, October 9, 2007, 08:37:15 » |
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That has to be a mere headline grabber from the Adver rather than a true cost of purchasing the club.
I mean, how the fuck can a company that has so much debt expect to recoup £3m in share capital. It's fucking insolvant for fucks sake. And I sympathise with the Wills financially for putting in so much over the years. But wanting £8m back. Fuck off. It's partly your own fault anyway.
Surely the adver made these figures up? The most recent accounts show a net worth of -£15m, so £18m is not unreasonable. The state of our balance sheet has been known for months, since they produced the 04/05 accounts really, the 05/06 ones just out merely show a continuing decline. The only difficulty would have been trying to figure out what the debt was made of and who to etc, plus the couple of contended debts (and some that may have appeared year on year that seem a little perplexing to the naked eye I guess). But of that £-15m, £5m-ish was due to be wiped out by paying the £900k CVA baloon payment wasnt it? oh. Not that I know of, I think it's listed as a risk in the notes to the accounts, basically stating it could all go tits up and then the accounts would be worthless as the club would not be a going concern anyway (Si may be able to shed some more light). It doesn't break the value down, hence why it would be tougher than you'd think to really work out what you were buying (which effectively is who do you end-up owing and what). The first line of Batch's post could be relevant here..? Has the adver actually quoted anyone official or is someone adding 2 and 2 together and making 18million..? More hyperbole from Andy "Bristol City" Cryer I would suggest.. |
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Bushey Boy
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Posts: 8351
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« Reply #37 on: Tuesday, October 9, 2007, 08:44:16 » |
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The club will not cost 18million to run, a buyer will not touch it now, instead they will wait for liquidation then jump in.
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Fred Elliot
I REST MY FUCKING CASE
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« Reply #38 on: Tuesday, October 9, 2007, 08:44:19 » |
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More hyperbole from Andy "Bristol City" Cryer I would suggest..
Completely disagree As a newspaper if they could not make the story stand up then they would not have printed it in this climate |
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Bogus Dave
Ate my own dick
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Posts: 16452
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« Reply #39 on: Tuesday, October 9, 2007, 08:45:14 » |
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Things get better but they never get good
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STFC_Gazzza
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« Reply #40 on: Tuesday, October 9, 2007, 08:47:48 » |
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STFC_Gazzza
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« Reply #41 on: Tuesday, October 9, 2007, 08:48:18 » |
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Sippo
Living in the 80s
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Posts: 15610
I ain't gettin on no plane fool
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« Reply #42 on: Tuesday, October 9, 2007, 08:48:18 » |
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What time does everyone think a statement will be released by the club?!?
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If my calculations are correct, when this baby hits 88 miles per hour, you're gonna see some serious shit...
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random_five
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Posts: 537
Downton, Wiltshire
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« Reply #43 on: Tuesday, October 9, 2007, 08:48:34 » |
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More hyperbole from Andy "Bristol City" Cryer I would suggest..
Completely disagree As a newspaper if they could not make the story stand up then they would not have printed it in this climate Not sure about that mate.. |
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Fred Elliot
I REST MY FUCKING CASE
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Posts: 15736
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« Reply #44 on: Tuesday, October 9, 2007, 08:50:55 » |
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More hyperbole from Andy "Bristol City" Cryer I would suggest..
Completely disagree As a newspaper if they could not make the story stand up then they would not have printed it in this climate Not sure about that mate.. And risk their asses being sued and banned from the ground ? I dont think so |
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