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Riddler statement.

Riddler statement.

paddysr said:
Here's another one trotting out the whataboutery.

We are a going concern, the only creditor we have is the owner, we don't have relegation, or administration, or winding up petitions, or dodgy loans hanging over us.

We are a completely different proposition to all the clubs that keep getting trotted out.

Why is it so hard for people to understand that?

Of course there would be risks attached but it is by no means the probability people keep harping on that it is. For every bad owner out there there are 20 good ones.
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So you would agree, we are very well run business?
 
billymac said:
hmmmm, the very same squad and prior to Christmas we were fighting for a top place in this league, still doing nicely (even with our strike force) then along comes the offer from Stoke, AN then reverts to type as per last season and we have a terrible finish yet again, the only winner being AN with his much improved salary deal.

New investment won't solve the tactical pygmy issue we have with AN in charge. Since AN arrived we have signed, Fisher, Maguire, O'Connor, Moult, Bodin, Simpson, Burke, Crowe, Hughes, Ledson, Storey, Ginnelly, Potts, Stockley, Ripley, Rafferty, Bauer, Bayliss, Nugent, Sinclair and loans for Mavididi, Barker, Nmecha and Greene, I would politely suggest that the manager has been supported very well.
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Didn't SG sign Maguire, O'Connor & the other defender guy who went on loan to a team in Scotland whose name escapes me?

Still a valid point though.
 
tcinders said:
"Alleged fee" I think what Ridsdale said at the forum in a moment of painting a fantasy picture was " we have had the squad valued at £76 million" that was total nonsense then and even worse now. Incidentally nobody challenged him from the floor or the press. So you would probably guess £30 million tops. Then you need to fund it!
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From the LEP February 2018

On this occasion the article refers incorrectly to the club sounding out offers of around £30m for the transfer of ownership.
"Far from wanting to dispose of the club our immediate focus is to further progress towards the ambition of gaining promotion to the Premier League and to build the new training ground.


As for the sale of the club, Trevor Hemmings has no intention of selling the club for undervalue and the value of the squad alone far exceeds the value attributed in the newspaper article."
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tcinders said:
"Alleged fee" I think what Ridsdale said at the forum in a moment of painting a fantasy picture was " we have had the squad valued at £76 million" that was total nonsense then and even worse now. Incidentally nobody challenged him from the floor or the press. So you would probably guess £30 million tops. Then you need to fund it!
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By who?

I think I'll get them round to value my house.
 
paddysr said:
That is now and Woodford's fund wasn't theirs and they have weathered that and put in additional protections I.e. learned from their mistakes and are showing growth. It is literally in the article.
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Looks like you look at the accounts for what they have done.

I do also but I look more to what they are going to do, growth down from 8% to 5%, warnings on trading conditions in the future.........all preparing the ground for the future......danger signs......
 
paddysr said:
We aren't very well run but we are stably run. If we were very well run the owner wouldn't be covering £6m a year in losses.

If our recruitment and commercial strategies were better there would be no need for that.
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That's a whole other ball game.

If what I've read on here is true about TH putting the brakes on various marketing strategies the commercial department have wanted to do over the years that's something else he's got badly wrong.
 
europne said:
Looks like you look at the accounts for what they have done.

I do also but I look more to what they are going to do, growth down from 8% to 5%, warnings on trading conditions in the future.........all preparing the ground for the future......danger signs......
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With the greatest lack of respect you don't have a clue what you are talking about. Growth being down is still growth and to only drop 3% while the world is falling apart is a miracle.
 
chorleythehord said:
Sorry , you are wrong. Read the accounts And the Auditor report.

PNE are only a going concern because the owner has agreed to fund the losses for at least the next 12 months. Those losses are real , cash outgoings , without any transfer income, and despite our somewhat miserly wage structure. They amount to over £10m a year. Any transfer profit offsets that.

That is the reality any new owner has to face. Just to stand still with the current squad needs £10m a year In a year without COVID.
They can gamble like the Brentford owner (£131m injected) or Lansdown ( 100s of millions I believe) and hope to take us over the Line. But They have both failed.
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paddysr said:
We aren't very well run but we are stably run. If we were very well run the owner wouldn't be covering £6m a year in losses.

If our recruitment and commercial strategies were better there would be no need for that.
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Well after all that investment at the 2 Bs we all start at zero points in the same league next season.........how strange.......all that investment and still tootling along with the likes of Preston 🙄

Interesting to see the transfer activity at those clubs in the near future.....
 
paddysr said:
With the greatest lack of respect you don't have a clue what you are talking about. Growth being down is still growth and to only drop 3% while the world is falling apart is a miracle.
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Only falling apart during 3 months of those figures Paddy, a whole year will show a different picture I fear.
 
pne1881 said:
Didn't SG sign Maguire, O'Connor & the other defender guy who went on loan to a team in Scotland whose name escapes me?

Still a valid point though.
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Our managers didn’t have much say over the Irish signings.

As shown by O’Connor actually signing when we didn’t have a manager.
 
europne said:
Only falling apart during 3 months of those figures Paddy, a whole year will show a different picture I fear.
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They aren’t a bank though, they are just a platform, they are making money on every transaction, it’s the end consumer who is at risk of losing based on the markets. All people are doing is moving investments around, very few people are cashing them out or withdrawing. Apart from Vanguard joining the market last year they have a large corner of the market captured. Volumes have been increasing all year both in terms of transactions but also people buying in when markets looked “cheap” even if they were volatile
 
Thracia said:
Always the same story with the cap-doffing TH ultras.

All their own wild claims (no one else wants to buy the club, no other transfer policy could possibly have made the squad stronger, "I've spoken to contacts in various parts of the country about what is going on with their local clubs") are offered with absolutely zero evidence - we are just supposed to take them all on trust.

While they demand evidence and proof from everybody else.
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europne said:
Looks like you look at the accounts for what they have done.

I do also but I look more to what they are going to do, growth down from 8% to 5%, warnings on trading conditions in the future.........all preparing the ground for the future......danger signs......
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The other thing the cap-doffing TH ultras do - along with demanding "evidence and proof" from others while never providing any of their own...

... is reserve for themselves the right to disregard evidence they find inconvenient and to gaze into their own personal crystal ball instead... while denying others any right to forecast the future, natch.
 
chorleythehord said:
Sorry , you are wrong. Read the accounts And the Auditor report.

PNE are only a going concern because the owner has agreed to fund the losses for at least the next 12 months. Those losses are real , cash outgoings , without any transfer income, and despite our somewhat miserly wage structure. They amount to over £10m a year. Any transfer profit offsets that.

That is the reality any new owner has to face. Just to stand still with the current squad needs £10m a year In a year without COVID.
They can gamble like the Brentford owner (£131m injected) or Lansdown ( 100s of millions I believe) and hope to take us over the Line. But They have both failed.
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if you care to read through the accounts of the LTD company that owns PNE you will find that this statement appears EVERY fuckin year, and I would imagine is in nearly every clubs account statement!!!!!
 
All the leftys are out in force today every thing for nowt 😂😂
The club is in the best position financially & as a Championship club the most stable I have known In the fifty years
Would I like us to do better yes promotion to the premier yes !
Am I happy we are a top half championship team yes I bloody am I don't want to go back to di 1 or 2 .
 
bowlandwhites said:
All the leftys are out in force today every thing for nowt 😂😂
The club is in the best position financially & as a Championship club the most stable I have known In the fifty years
Would I like us to do better yes promotion to the premier yes !
Am I happy we are a top half championship team yes I bloody am I don't want to go back to di 1 or 2 .
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What the hell are you on about?

I'm the only "leftie" that has remotely commented on it and what the hell political leanings have to do with the running of the club I have no idea.

The majority of the people arguing the same points as me sit on the opposite side of the political spectrum to me.
 
bowlandwhites said:
If I was TH with the shit he gets I would have walked away long ago because what ever he does it will never be enough for some on here.
Probably those who think the gov should keep every one furloughed for ever.
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bowlandwhites said:
All the leftys are out in force today every thing for nowt
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You do have some strange notions.
 
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