Springies update

[billymac]

Your principal is correct but your figures are a bit off. Corporation tax is 19% and higher rate dividend tax is 38.1%. There’s no capital gains on dividends. PNE’s losses are group relieved to his other companies but they pay for them so the club is actually better off. If he loans monies from his other companies I’m not sure they’d get any tax relief on a write off as the companies are connected.

I do wonder why you jump to TH's defense every bloody time? He could have just buggered off but had to "protect" his soft loans at Libor + 8% (very charitable!!!! and didn't have to get involved in the first place (Pontins shirt sponsorship) as he seems reluctant to really fund a crack at getting promoted.

You see many owners who have a passion for their football team whereas our owner doesn't seem to have this, you have the tedious Kay as his voice and the "tax adverse" Ridsdale as his advisor both spouting drivel re squad values and the training ground debacle/fanzone. so why does he do this???

It feels like the club is in Hemmings administration as opposed to official administration with no clear direction and more bullshit re the training complex, yet you Pilot are arsewipery in your total submission to TH?????

 

[65on]

I say again, where is this messiah? Monty Python's Life of Trevor!!.A lot of people seem quick to criticize but never come up with solution.

 

[Former Member]

I say again, where is this messiah? Monty Python's Life of Trevor!!.A lot of people seem quick to criticize but never come up with solution.

The solution to what? To a lack of investment from a billionaire?

The solution is fairly obvious.

 

[OldManWithers]

The solution to what? To a lack of investment from a billionaire?

The solution is fairly obvious.

If I was a billionaire the training ground would be the first thing sorted, followed by the best fanzone in the country. I’m sure we’d all do the same. Can understand wanting to be careful when giving money to managers, players and agents

 

[JK]

I say again, where is this messiah? Monty Python's Life of Trevor!!.A lot of people seem quick to criticize but never come up with solution.

Derek is that you?

You appear to be channeling the former shelving salesman.

I’ll ask again since you ignored me.

Are we not allowed to question Mr. Hemmings ownership at any level?

This thread is not about overall funding and arguments around that.

It’s in regards of the owner and the football club following through on assertions made regarding a new training complex or at least being honest to the supporters who helped secure it about the massive delay surrounding it.

 

[Nobber]

Grass should be coming through soon on the main pitch but they've not been messing about this time - laser levelling and all sorts has been going on. Plenty of heavy plant coming in and out of Springies.

Aah, that should look nice against the new grass. Maybe add a water feature and some solar lighting.

 

[Alpine White]

If I was a billionaire the training ground would be the first thing sorted, followed by the best fanzone in the country. I’m sure we’d all do the same. Can understand wanting to be careful when giving money to managers, players and agents

Me too....which may be why I am not a billionaire

 

[65on]

The solution to what? To a lack of investment from a billionaire?

The solution is fairly obvious.

So what is this obvious solution? Your analogy so far is that every millionaire/billionaire in the country should plough money into their nearest or local club. Regardless of meagre support(unless they draw a top club in the cup,or get to a play off final)then treble our average home crowd appear. That besides, you haven't come forward with any names for anyone who wants to invest in the club. TH isn't going to be around forever, what happens then? I am neither a fan or foe of TH but I am grateful for what he does. In my opinion it's a shame a lot take things for granted.

 

[prestonmadhouse]

There is a lot of frustration and emotion tied up in this thread. TH bought the club on the cheap from the shareholders. Many shareholders were fans. They were quite happy to let TH buy them out and the hope was that the club would progress. We have not really progressed.
After promotion back into the championship, TH told the fans that we would be having a real push for the prem. You can’t say we have had a real push.
The season ticket deal is always about keeping existing members by offering a free ticket for the prem if we make it. That makes it sound like we are going to have a go. We purchase our season tickets before the transfer window is over And then realise that the transfer window was underwhelming. We’ve been sold a pup.
TH has applied for planning permission for the ex Ingol Golf Course many times and failed. He suddenly announces that he wants to build a ‘state of the art’ facility. He needs to get planning permission on all the land to fund it and will also give lots of land to the people of Preston. The fans and the council work hard to help him achieve this goal. In reality, he gets the planning permission and then does little else. We are told by club seniors that you can have a couple of new players OR a new training facility. That wasn’t the deal we thought we were getting.
People are frustrated and are emotional about feeling used. It’s hardly surprising is it?

 

[Former Member]

So what is this obvious solution? Your analogy so far is that every millionaire/billionaire in the country should plough money into their nearest or local club. Regardless of meagre support(unless they draw a top club in the cup,or get to a play off final)then treble our average home crowd appear. That besides, you haven't come forward with any names for anyone who wants to invest in the club. TH isn't going to be around forever, what happens then? I am neither a fan or foe of TH but I am grateful for what he does. In my opinion it's a shame a lot take things for granted.

I haven't put forward any analogy.

The solution is obvious. I didn't say it was easy. He needs to loosen the purse strings to take us to the next level.

 

[TSR2]

I say again, where is this messiah? Monty Python's Life of Trevor!!.A lot of people seem quick to criticize but never come up with solution.

 

[Yoowell]

So what is this obvious solution? Your analogy so far is that every millionaire/billionaire in the country should plough money into their nearest or local club. Regardless of meagre support(unless they draw a top club in the cup,or get to a play off final)then treble our average home crowd appear. That besides, you haven't come forward with any names for anyone who wants to invest in the club. TH isn't going to be around forever, what happens then? I am neither a fan or foe of TH but I am grateful for what he does. In my opinion it's a shame a lot take things for granted.

I don’t think there’s many that take things for granted when you look around at other clubs not too far away.
However that doesn’t mean that we should all stay quiet and be respectfully silent when there’s something not right.....ie the training ground shambles.

 

[Baldygit]

It's a Catch 22 situation. TH won't seriously bankroll a promotion push until we get regular 20k fans attending. We won't get a regular 20k fans until we are in the Premiership. I'm afraid it's Championship football for many years to come along with poor training facilities (not a selling point when trying to attract players). Remember - THIS PRESTON NORTH END - promise a lot and deliver nowt (ecept frustration)

 

[SF]

When do the players report back for training? the 24th?

 

[Tino]

When do the players report back for training? the 24th?

Final week of June so presume so. Robinson and Maguire a little later.

 

[Sid Snot]

When do the players report back for training? the 24th?

Can't find the exact date but the first pre-season game is July 6th.

 

[Tugg Speedman]

Perhaps you could tell us where you think that money is, if it’s not been re-invested?

The accounts are available for all to view on the companies house website. There's at least a couple of posters on here (Epsilon, LostInYorkshire I think are two) who have contributed widely to discussions on here.

We haven’t received £13M though. It’s in instalments, the likelihood is those 2 transfers will be funding our transfers and contracts for a couple more years to come. Just because we didn’t splash it all at once doesn’t mean it isn’t being invested.

Pilot, it was you who said the £13+ million had all been re-invested on players, so you should be able to explain where it's been spent.

Tino, you also don't consider that we will sell other players for a hefty price tag in the next couple of years. Just because we might not have received a lump sum, doesn't mean we can not spend it - we know it's coming in. Even if the Hugill payment was spread over 12 months, we will definitely have received all that by now, likewise the fee for Cunningham pretty much. Or do you think the incoming payments are spread over the next 2 - 3 years??!!

Simo, I don't recall anyone pointing out how much of any incoming transfer fees has been re-invested on playing staff.

So two of you don't how or where the money has been re-invested on players and one of you is admitting we haven't yet re-invested much on players.

Thanks for clearing that up. 😀

 

[simo]

I just pointed out a source of info.

You can read it and make your own conclusions if you care to.

 

[Tino]

Tino, you also don't consider that we will sell other players for a hefty price tag in the next couple of years. Just because we might not have received a lump sum, doesn't mean we can not spend it - we know it's coming in. Even if the Hugill payment was spread over 12 months, we will definitely have received all that by now, likewise the fee for Cunningham pretty much. Or do you think the incoming payments are spread over the next 2 - 3 years??!!

Transfer fees, both in and out are usually spread over the term of the contract. So if Hugill was £9m to us and a 3.5 year deal we'll be getting roughly £2.5M a year. £4M for Cunningham over 3/4 years again, roughly £1M each year.

We do know it's coming of course, but spending money that isn't here yet only leads to one thing really, financially at least.

 

[Retfordpete]

Transfer fees, both in and out are usually spread over the term of the contract. So if Hugill was £9m to us and a 3.5 year deal we'll be getting roughly £2.5M a year. £4M for Cunningham over 3/4 years again, roughly £1M each year.

We do know it's coming of course, but spending money that isn't here yet only leads to one thing really, financially at least.

But equally when we buy players it is on the same basis, they aren't all paid out up front so we're only really committing to pay money out over the course of the acquired player's contract so we can plan for that based on what we are committed to receive. Capital expenditure (eg training ground, though we'd pay that in phases too) could be potentially different I accept.