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FFP

TheWarehouse said:
I thought he always did share issues rather than gift any money to the club, would be interesting to see how much they total?
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Total investment via Share Issues up to last reported Share Issue (29th April) and Loan as per last Club Accounts to June 2020 below:

Total invested via Share Issue£37,673,636
Loans provided by Grovemoor Ltd at 2019/20£50,727,000

Not included is the Loan Waiver of £33.4m that happened in the 2011/12 accounting period (basically TJH wrote off the loan he had to the club at that time)

TJH had invested over £120m of his money through Share Issues or loans. Not exactly pocket money.

And those asking for the family to chuck even more at it for player purchases etc., be aware of FFP regulations. Its not as simple as chucking as much as possible at it anymore as there's financial constraints for all clubs under FFP (although there's plenty of ways to circumnavigate them as we're probably all aware)
 
baysidepne said:
Total investment via Share Issues up to last reported Share Issue (29th April) and Loan as per last Club Accounts to June 2020 below:

Total invested via Share Issue£37,673,636
Loans provided by Grovemoor Ltd at 2019/20£50,727,000

Not included is the Loan Waiver of £33.4m that happened in the 2011/12 accounting period (basically TJH wrote off the loan he had to the club at that time)

TJH had invested over £120m of his money through Share Issues or loans. Not exactly pocket money.

And those asking for the family to chuck even more at it for player purchases etc., be aware of FFP regulations. Its not as simple as chucking as much as possible at it anymore as there's financial constraints for all clubs under FFP (although there's plenty of ways to circumnavigate them as we're probably all aware)
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That money he wrote off was the way he got the club for peanuts, he took the shares in lieu of monies owed, it was only right he wrote that off. However if the club has gone through 90m on top of income in the last decade We have been seriously mismanaged.
 
raefil said:
Hes done well there and is the club captain. We have had many keepers far worse than him.
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He has to be fair. I just didn’t think he was as good as some fans made out for us. He made a mistake every other game.

I also never understand why managers pick keepers as captains. I think it’s very rare now a days.
 
RibbletonWhite said:
He has to be fair. I just didn’t think he was as good as some fans made out for us. He made a mistake every other game.

I also never understand why managers pick keepers as captains. I think it’s very rare now a days.
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Id say there are a couple of reasons to use your keeper as captain,

1) keepers tend to be one of the most vocal on the pitch
2) keepers can literally see all the play happening in front of them.

I did like Maxwell, as a keeper, loved the way he played the sweeper keeper position. Ultimately that asset turned into his downfall here.
 
baysidepne said:


Looks like the spreadsheet will be getting updated in the coming days.
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Yeah I saw a slew of notifications this morning on companies house, June, August, September and October all with the usual size of injection on the basic info. What was interesting was the dates of the issues which maybe implies the funds were needed for some of the transfers possibly

1st June
27th August
21st September
8th October

So just over two weeks between the latter issues
 
baysidepne said:
Total investment via Share Issues up to last reported Share Issue (29th April) and Loan as per last Club Accounts to June 2020 below:

Total invested via Share Issue£37,673,636
Loans provided by Grovemoor Ltd at 2019/20£50,727,000

Not included is the Loan Waiver of £33.4m that happened in the 2011/12 accounting period (basically TJH wrote off the loan he had to the club at that time)

TJH had invested over £120m of his money through Share Issues or loans. Not exactly pocket money.

And those asking for the family to chuck even more at it for player purchases etc., be aware of FFP regulations. Its not as simple as chucking as much as possible at it anymore as there's financial constraints for all clubs under FFP (although there's plenty of ways to circumnavigate them as we're probably all aware)
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Hemmings is/was a nightmare "holding us back" like that 🤦‍♂️
 
RibbletonWhite said:
He has to be fair. I just didn’t think he was as good as some fans made out for us. He made a mistake every other game.

I also never understand why managers pick keepers as captains. I think it’s very rare now a days.
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Probably more common at international level. I remember thinking at the last world cup there were quite a few, Lloris, Neuer etc.
 
Libertine said:
Hemmings is/was a nightmare "holding us back" like that 🤦‍♂️
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And yet here we sit, having gone nowhere.

It's possible to spend money, even lots of money - on crap, on favourites, on crocks, on panic buys, on Nugent and Harrop and countless others - and still hold us back.

Setting a bottom-4 budget every year without any wider strategy to create forward momentum and year-on-year improvement relative to our rivals will naturally tend to hold us back.

"Nothing going forward changes what has been custom and practice at PNE for the last ten years" is the very definition of holding us back.
 
Thracia said:
And yet here we sit, having gone nowhere.

It's possible to spend money, even lots of money - on crap, on favourites, on crocks, on panic buys, on Nugent and Harrop and countless others - and still hold us back.

Setting a bottom-4 budget every year without any wider strategy to create forward momentum and year-on-year improvement relative to our rivals will naturally tend to hold us back.

"Nothing going forward changes what has been custom and practice at PNE for the last ten years" is the very definition of holding us back.
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I half agree with your second paragraph, but to say we aren't in a better position than we were ten years ago is nonsense.
 
Libertine said:
I half agree with your second paragraph, but to say we aren't in a better position than we were ten years ago is nonsense.
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Ridsdale likes to set Year Zero at "ten years ago" because that's when he came on board.

But really, to judge Hemmings' sole ownership, we have to start in 2010 when he took over.

We've made no progress.

And Ridsdale still defiantly using today a "strategy" we adopted when Graham Westley joined the club is not going to take us anywhere new.
 
Libertine said:
Hemmings is/was a nightmare "holding us back" like that 🤦‍♂️
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The reason he has had to put so much of his own cash in to the club was his own archaic approach to football ownership. I'd much rather have had on owner put in half the cash with some drive toward self sustainability.

A good owner would have left us in a place where we didnt need to rely on his descendants to provide for us.
 
baysidepne said:



Looks like the spreadsheet will be getting an update in the coming days.
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And another

1639589724622.webp
 
jakehake said:
And another

View attachment 5539
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Yes seen that, Kieran Maguire said its around £4m.... looks to be around 4,000 shares so that adds up. That would be the largest single share issue since the club came under the control of the Hemmings family (almost twice the size as the previous largest amount)

That puts it now over £8m in share issues for the 2021/22 season, and over £13m in 2021 as a calendar year.
 
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