With what money?
Wheres the Money gone?
With what money?
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This is from the club website. As is often the case with football club ownership, the arrangement is slightly convoluted. Basically, the club is owned by an offshore company. I've no idea whether Hemmings' other companies benefit from 'PNE's' losses but 'offshore' always suggests tax 'benefits' to me:
Preston North End Limited (the 'Company') therefore advises that 100 per cent of the shares of Preston North End Limited are owned by Deepdale PNE Holdings Limited. Deepdale PNE Holdings Limited is a wholly owned subsidiary of Wordon Group Limited, a company incorporated in the Isle of Man and controlled by the family interests of Mr Trevor Hemmings.
You honestly think he doesn't have millions squirrelled away?
Does he have multi multi multi millions?
It means he’s put tens of millions of his money into the club for which he’ll get no tax relief. The losses made by pne are used by his other group companies in return for a payment which will be equivalent to the tax they save.
He doesn’t Paddy.
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The money has gone on recouping his previous outlays but he promised to at least try and push on out of this division . Not by getting lucky every season in finishing high up. Nothing happening with training ground. No decent amount of money spent on players.. tied up contracts yeah I bet that almost bankrupted the apparent billionaire ... fuck me!! At some point in life you've got to think " I'm.old here I'm going to fucking go for it (invest on buying 1 decent striker) and see what happens .. you can't surely just be sensisible lol ... fuck sake ... preston are like bamber fucking bridge tbh lets try and find the next frank fence panel from the non league.. get Elgin back
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And to the wallys who use "contracts,recovering losses(which he knew he'd make btw),modern turnstiles ect... in your view no matter how much money we get from player sales we cannot hope or expect it to be reinvested on playing staff even tho we invest our own money on season tickets ? Is that your attitude/viewpoint ? Seriously ?
I suppose your just waiting for the marquee signing of simon storm from ashton park united that we are probs gonna make?
I suppose your just waiting for the marquee signing of simon storm from ashton park united that we are probs gonna make?
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Hope Yes. Expect No.
Im still waiting for all those willing to buy the club. Bet there are loads wanting a team in a small city whose fan base is average.
Unfortunately, hope is all i hold onto.
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If an investor is looking for a club to buy and take to the prem and they see our league finishes recently it will encourage them . Obviously there's a million other factors which decide if they will buy or not. Trev has done a good job in saving us and getting us back to the championship but all this to complaining from people comes from what he said about getting to the pram in that interview and the season ticket initiative about reaching the prem. To act like that's the goal then don't back your manager to do that isn't fruad . But it's deceptive behaviour.. at the end of the day tho we'd probs be in league 2 or worse without him... but you don't just wanna save something from disaster and replace disaster with mundanity
I understand what you are saying. But no owner or manager are going to go out before the season and state we are just going to coast it . It will send out to fans, players and investors that there is no hope.
Deception is part if the gane, unfortunately it is the fans that suckered it believing the hype.
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The money has been spent finishing off the ground ie the executive boxes, changing the turnstiles ( yes this may well work out cheaper in the long run, but the investment was needed now). Tying the players down to longer contracts, the same players who after one game and a clean sheet we were so positive about.
We cannot compete with the big guns financially. It would be suicidal for the club to think that it can. There sre going to be some big bills for some clubs that dont make it to the promised land this year.
But we live in hope that we unearth a gem i hope that the two city guys settle in. We can compete in this leaugue. But the simple fact is that teams better and worse than us will get promoted and relegated with or without money.
Money didn't save Sunderland nor the stars anf their wages.
Keep the faith enjoy the highs but dont despair too much.
We cannot compete with the big guns financially. It would be suicidal for the club to think that it can. There sre going to be some big bills for some clubs that dont make it to the promised land this year.
But we live in hope that we unearth a gem i hope that the two city guys settle in. We can compete in this leaugue. But the simple fact is that teams better and worse than us will get promoted and relegated with or without money.
Money didn't save Sunderland nor the stars anf their wages.
Keep the faith enjoy the highs but dont despair too much.
Yes i am sure you are correct, i will put the fifty plus years of waiting to one side and rejoice we are not sunderland and wave to them as they pass us by on their inevitable return over the next couple of years.
After all we can glory in the fact that we made it as high as 7th and then backed off as usual !!
Its alwsys easy to spend money we don't have trust me i have done it for years. The truth however inconvenient, the team is building and evolving. Can we keep pace with the others, im not sure but i hope they give it a good shot. After all Burnley got into Europe on teamspirit and unity not on outlandish wages and transfer fees. Lets hope we can emulate them. Cant believe i want to be like Burnley ( whats happened to me). Off to chop my fingers off for typing such drivel.
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Who is this "we"? TH has plenty of the stuff and it's his club and his decision but if he decides yes,then "we" have plenty
mapping
Acquired Taste
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remortgage your house, cash your ISA and pension in and he will match every penny you put in!
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Don't follow the logic of your reply. I didn't say he had to do anything just that he COULD do if he decided to.
The "we"that people talk about doesn't exist, it's just HIM.
Hemmings has wealth, not money. Don’t ever think the two are interchangeable or like for like. Every bit of cash he spends on us(I’ve come to the conclusion it is no longer an investment as he will never be able to claim his investment back due to our fans mentality) is cash that he could be spending on other investments that maybe could turn him a profit. Yet again people just don’t seem to look past the price of their season ticket as being some sort of ticket to criticise others who pay in an exceptional amount of money and have done for many years. I’m genuinely surprised he hasn’t given up with the hostility thrown at him. That alone tells me he still has a vested interest And connection to the club that makes him want to continue