Skip to main content

Wheres the Money gone?

Wheres the Money gone?

kingpne said:
100% mate. Was thinking this the other day actually...

It was clear that Grayson had taken us as far as he could. We needed a change of manager to push us forward, and even then a lot of fans were shitting themselves at the thought of change.

Why should this be any different with an owner? In my opinion, we need a new owner to get to the Premier League.
Click to expand...

I've been waiting nearly all my life for us to be back in the top flight. I've accepted that the chances of it ever happening are slim to bugger all.....
 
kingpne said:
100% mate. Was thinking this the other day actually...

It was clear that Grayson had taken us as far as he could. We needed a change of manager to push us forward, and even then a lot of fans were shitting themselves at the thought of change.

Why should this be any different with an owner? In my opinion, we need a new owner to get to the Premier League.
Click to expand...

I don't think that was ever in doubt.

If we don't have a change then our best hope is we manage to somehow sneak in as we nearly did last season. In some ways I'm not sure I'd want that to happen as it's even more open to debate what TH would do financially.
 
I think that the market value of the club (what someone is prepared to pay for it) has fallen by more than £2m in the weeks between our 7th place finish last season and today's form, prospects and place in the table. It makes TH's investment decisions this summer look ludicrous.
 
kingpne said:
100% mate. Was thinking this the other day actually...

It was clear that Grayson had taken us as far as he could. We needed a change of manager to push us forward, and even then a lot of fans were shitting themselves at the thought of change.

Why should this be any different with an owner? In my opinion, we need a new owner to get to the Premier League.
Click to expand...

It’s the fear of the unknown... do we get 1) someone willing to take a punt and give us premier league football or someone who will, in the long term, 2)fuck us over...

TH has never ‘fucked us over’ and I’d keep him here over option 2 all day long but has he invested as much as he can - well obviously no.

But unfortunately just sitting still eventually you start going backwards. I’d love our season or two in the sun and I get the ‘let’s spend £10m and get to the prem’ mentality but what are we short? £1m striker? £5m investments or tens of millions?

One thing we know is TH isn’t going to do a Derby or a Sheff Wed and waste tens of millions on players to finish two points above us... some fans want this and are deluded...

Some fans like me, just want to see some of Hugill and Cunninghams money reinvested in players (one striker for a couple of million or a name etc) would have been a positive move... like signing a Chaplow or a Mellor or going and get an old name who’d score in top flight like Ellington or Ricketts.... haha


Sent from my iPhone using Tapatalk
 
One_of_our_own2 said:
It’s the fear of the unknown... do we get 1) someone willing to take a punt and give us premier league football or someone who will, in the long term, 2)fuck us over...

TH has never ‘fucked us over’ and I’d keep him here over option 2 all day long but has he invested as much as he can - well obviously no.

But unfortunately just sitting still eventually you start going backwards. I’d love our season or two in the sun and I get the ‘let’s spend £10m and get to the prem’ mentality but what are we short? £1m striker? £5m investments or tens of millions?

One thing we know is TH isn’t going to do a Derby or a Sheff Wed and waste tens of millions on players to finish two points above us... some fans want this and are deluded...

Some fans like me, just want to see some of Hugill and Cunninghams money reinvested in players (one striker for a couple of million or a name etc) would have been a positive move... like signing a Chaplow or a Mellor or going and get an old name who’d score in top flight like Ellington or Ricketts.... haha


Sent from my iPhone using Tapatalk
Click to expand...

A very well balanced post.

The owner will only sell to a certain type of person. Nowadays, most football club sales will involve certain conditions anyway, for example one might be PR keeps his job, or perhaps having to put so much in for a certain amount of time.

I assume PR would be involved were a sale ever to happen, and you can be sure that with our current set up, a nutter won’t be taking over.
 
pnematic said:
If you want really pissing off take a look at teams that HAVE experienced top flight football since 1961.

Brings it all tragically home .
Click to expand...

Now that Huddersfield have made it I think we're the only ever first division champions not to return to the top league.
 
kingpne said:
A very well balanced post.

The owner will only sell to a certain type of person. Nowadays, most football club sales will involve certain conditions anyway, for example one might be PR keeps his job, or perhaps having to put so much in for a certain amount of time.

I assume PR would be involved were a sale ever to happen, and you can be sure that with our current set up, a nutter won’t be taking over.
Click to expand...

Ridsdale’s ban mustn’t have much longer to run either


Sent from my iPhone using Tapatalk
 
PNEESSEX said:
I've been waiting nearly all my life for us to be back in the top flight. I've accepted that the chances of it ever happening are slim to bugger all.....
Click to expand...
I've just accepted they're bugger all - not even slim. We'll always be a L1/Championship YoYo club.
 
K14 PNE said:
Is Trevor pumping in millions though? Or are the losses in PNE offsetting the profit tax on his other businesses? I don't know, I am not an accountant but I am just wondering if this is the case.
Click to expand...

I just checked the 2017 accounts. You can find them here https://beta.companieshouse.gov.uk/company/01621060/filing-history

It looks like other Hemmings companies actually pay PNE for the tax benefit of the losses. page 13 receipt of payment for tax losses from group companies = £1,168,000

To date it looks like a total of £30,650,000 has been 'loaned' by the parent company to finance PNE, page 15

It looks like TH now funds the losses by buying more shares. £4,845,000 in 2016-17 page 12
 
LostinYorkshire said:
I just checked the 2017 accounts. You can find them here https://beta.companieshouse.gov.uk/company/01621060/filing-history

It looks like other Hemmings companies actually pay PNE for the tax benefit of the losses. page 13 receipt of payment for tax losses from group companies = £1,168,000

To date it looks like a total of £30,650,000 has been 'loaned' by the parent company to finance PNE, page 15

It looks like TH now funds the losses by buying more shares. £4,845,000 in 2016-17 page 12
Click to expand...

Thanks for info...please put into layman's terms...is TH using PNEFC for his own outside business's benefits or investing big money for the benefit of PNEFC and its ambition to reach the prem.
 
Back
Top