Bewster
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Posts: 4004
We fucking love you Gumbo!
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« Reply #15 on: Monday, October 22, 2012, 09:41:36 » |
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"I expect to have a lot better relationship with Paolo than I ever had with the Taliban"
Really ?
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fittons_coaching_badge
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« Reply #16 on: Monday, October 22, 2012, 09:44:00 » |
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"I expect to have a lot better relationship with Paolo than I ever had with the Taliban"
Really ?
Is it ok for me to admit, that was my question? |
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Arriba
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Posts: 21305
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« Reply #17 on: Monday, October 22, 2012, 10:00:25 » |
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Why is the investment now classed as a loan? I thought these guys knew a return from a football club is highly unlikely
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Flashheart
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« Reply #18 on: Monday, October 22, 2012, 10:11:43 » |
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Why is the investment now classed as a loan? I thought these guys knew a return from a football club is highly unlikely
I don't think for one minute that they have been throwing money at it without the intention of getting it back at some stage. |
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pauld
Aaron Aardvark
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Posts: 25436
Absolute Calamity!
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« Reply #19 on: Monday, October 22, 2012, 10:17:36 » |
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"I expect to have a lot better relationship with Paolo than I ever had with the Taliban"
Really ?
"I get on fine with the manager in the sense that he doesn't actually try to kill me with IEDs or sneak mortar attacks" seems a reasonably low base to start from |
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fittons_coaching_badge
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« Reply #20 on: Monday, October 22, 2012, 10:21:12 » |
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"I get on fine with the manager in the sense that he doesn't actually try to kill me with IEDs or sneak mortar attacks" seems a reasonably low base to start from
Start Low .... Aim High ..... |
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pauld
Aaron Aardvark
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Posts: 25436
Absolute Calamity!
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« Reply #21 on: Monday, October 22, 2012, 10:21:47 » |
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Since when has begging your creditors to waive the debt counted as "debt busting?" If this was Diamandis doing it we'd all be in fucking meltdown
Bad feeling about this
Difference is that Diamandis would just be begging, whereas in this instance Patey is speaking for the major shareholders who presumably want to do this - Patey hasn't just decided to pluck this idea out of thin air and float it in the Adver. Although I hope he's not doing so (as someone else said) to try to apply public pressure to Fitton and Wray which would seem a bit unfair. He may, though, just be trying to explain in fairly simple terms why a fairly dry thing around debt restructuring a) makes sense for the club and the investors b) is a good thing |
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #22 on: Monday, October 22, 2012, 10:22:05 » |
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Start Low .... Aim High .....
Is that Patey or the Taliban mortar attacks?  |
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jonny72
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Posts: 5554
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« Reply #23 on: Monday, October 22, 2012, 12:06:24 » |
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The last couple of paragraphs of the article spell out exactly what this is about; Arbib will put more money in to the club as soon as Fitton and Wray agree to write off some of their investment in the club. They must have refused to do so hence taking it public to apply more pressure. Wouldn't surprise me if Fitton and Wray sever all ties with the club, leaving us with Arbib and Black who appear willing to put more money in.
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Arriba
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Posts: 21305
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« Reply #24 on: Monday, October 22, 2012, 12:10:18 » |
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I don't think for one minute that they have been throwing money at it without the intention of getting it back at some stage.
Well I fail to see how they will get it back. And if they do then it sours the whole thing for me. I hoped they were just wealthy men who wanted a football club as their hobby. If this is not the case eventually it will kick the club in the balls and it will be a right fucking mess again. |
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Batch
Not a Batch
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« Reply #25 on: Monday, October 22, 2012, 12:11:45 » |
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I thought it was always clear the debt was re-structured in that way. But obviously not.
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Flashheart
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« Reply #26 on: Monday, October 22, 2012, 12:34:14 » |
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Well I fail to see how they will get it back. And if they do then it sours the whole thing for me. I hoped they were just wealthy men who wanted a football club as their hobby. If this is not the case eventually it will kick the club in the balls and it will be a right fucking mess again.
On the contrary Because they want their money back they have an incentive to get the club running at a profit which will put us in good stead for the future. I'd be more concerned if we were just their play thing. |
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Iffy's Onion Bhaji
petulant
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« Reply #27 on: Monday, October 22, 2012, 12:36:59 » |
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Of course people who invest money into something want a return. Surely that's the whole point of business? It some ways it's much like gambling though. You place your bet and you may get a return you may just lose the money you have put in. One can assume that Fitton is holding out for a redeveloped CG in order to re-coup his investment and there is nothing wrong with that.
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Arriba
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Posts: 21305
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« Reply #28 on: Monday, October 22, 2012, 12:37:47 » |
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If you want a return on your money you don't buy a football club. Many have tried and it always ends in a mess
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Saxondale
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« Reply #29 on: Monday, October 22, 2012, 12:45:25 » |
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Dicanio said to be in good spirits ahead of this afternoons presser by Sam Morshead on twitter. Hopefully that means hes happy with the new boy and not imminently fucking orf.
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Never knowingly overstated.
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