Dr Gloom 21793 Posted November 8, 2016 Share Posted November 8, 2016 I can't believe they clocked the bird with the sandwiches putting down the recording device. You'd think that if you'd go to those lengths you'd have the bloody thing installed in advance. Typical of the cost cutting culture Ashley has cultivated at SD that they have the dinner lady plant it ffs Link to comment Share on other sites More sharing options...
Happy Face 29 Posted November 8, 2016 Share Posted November 8, 2016 "I'll just put these sandwiches and recording device down here" Link to comment Share on other sites More sharing options...
Happy Face 29 Posted November 17, 2016 Share Posted November 17, 2016 According to a companies house filing yesterday Ernst & Young, auditors to NUFC for a decade, have resigned.. https://beta.companieshouse.gov.uk/company/02529667/filing-history They say there's no reason behind it that would require creditors to be informed, so can't be anything underhand. Thought it noteworthy though. Link to comment Share on other sites More sharing options...
Rayvin 5164 Posted November 17, 2016 Share Posted November 17, 2016 Odd. If it's not an underhand reason it has to be commercial I guess? Maybe they cost too much and we've found someone cheaper? Link to comment Share on other sites More sharing options...
ewerk 30219 Posted November 17, 2016 Share Posted November 17, 2016 Probably getting Grant Thornton to do it as part of their deal with SD. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted November 17, 2016 Share Posted November 17, 2016 Probably getting Grant Thornton to do it as part of their deal with SD. Good shout. They didn't disclose that Ashley's brother's delivery company got the SD contract for international delivery https://www.theguardian.com/business/2016/aug/22/sports-direct-pays-mike-ashleys-older-brother-international-delivery Link to comment Share on other sites More sharing options...
Happy Face 29 Posted January 6, 2017 Share Posted January 6, 2017 What's a registration of charge? Docs released today say Ashley (SJ holdings) made one against NUFC. https://beta.companieshouse.gov.uk/company/02529667/filing-history Link to comment Share on other sites More sharing options...
Happy Face 29 Posted January 6, 2017 Share Posted January 6, 2017 What I've Googled suggest it's securing a loan against property. Why secure your own loan to yourself though? Link to comment Share on other sites More sharing options...
Rayvin 5164 Posted January 6, 2017 Share Posted January 6, 2017 Maybe he's minded to sell again. Link to comment Share on other sites More sharing options...
ewerk 30219 Posted January 6, 2017 Share Posted January 6, 2017 It's a £33m loan secured against the shares of the club. I'm not sure what the thinking is behind it. Link to comment Share on other sites More sharing options...
ewerk 30219 Posted January 6, 2017 Share Posted January 6, 2017 Unless we need £33m to cover our cash flow for the year? Link to comment Share on other sites More sharing options...
Howmanheyman 32707 Posted January 6, 2017 Share Posted January 6, 2017 Unless we need £33m to cover our cash flow for the year?Is this £33M to be added to the debt? Two Ashley relegations, he pays the initial price but puts it on the tab for a potential buyer to pay off. (Or asset strips if he wants to claw money back). Link to comment Share on other sites More sharing options...
ewerk 30219 Posted January 6, 2017 Share Posted January 6, 2017 It's difficult to say what he'll do with it but I very much doubt he'll write it off. We may not make a loss for the year but the money we've recouped in player sales will be paid over a number of years rather than up front meaning that the bank account may be a bit bare and this may be a loan just to tide us over. Link to comment Share on other sites More sharing options...
Rayvin 5164 Posted January 6, 2017 Share Posted January 6, 2017 Can you imagine having sufficient assets and liquidity to be able to put £33m into a football club on short notice... the guy is beyond wealthy. Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted January 6, 2017 Share Posted January 6, 2017 Can you imagine having sufficient assets and liquidity to be able to put £33m into a football club on short notice... the guy is beyond healthy. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted January 6, 2017 Share Posted January 6, 2017 It's a £33m loan secured against the shares of the club. I'm not sure what the thinking is behind it. Cheers. Was just on my phone so hadn't read any of the docs. Big spending January then. Woo hoo! Link to comment Share on other sites More sharing options...
Kid Dynamite 6985 Posted January 6, 2017 Share Posted January 6, 2017 Is it big spending? Or is it covering the lost tv money? Link to comment Share on other sites More sharing options...
Tooj 17 Posted January 6, 2017 Share Posted January 6, 2017 How much are the parachute payments? Link to comment Share on other sites More sharing options...
Howay 12496 Posted January 6, 2017 Share Posted January 6, 2017 How much are the parachute payments? It's about 40m according to this: http://www.birminghammail.co.uk/sport/football/football-news/how-much-aston-villa-parachute-11161706 Which makes sense as it's meant to be somewhere around 55% of the amount PL sides get in the first year outside the league, I'd assume parachute payments only factor in the domestic tv deal and not the various foreign ones. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted January 7, 2017 Share Posted January 7, 2017 Is it big spending? Or is it covering the lost tv money? https://twitter.com/SimonBird_/status/817430826027778048 I guess the quotes mean he spoke to someone at the club. Link to comment Share on other sites More sharing options...
ewerk 30219 Posted January 7, 2017 Share Posted January 7, 2017 As I thought then. Link to comment Share on other sites More sharing options...
Kid Dynamite 6985 Posted January 7, 2017 Share Posted January 7, 2017 (edited) It's about 40m according to this: http://www.birminghammail.co.uk/sport/football/football-news/how-much-aston-villa-parachute-11161706 Which makes sense as it's meant to be somewhere around 55% of the amount PL sides get in the first year outside the league, I'd assume parachute payments only factor in the domestic tv deal and not the various foreign ones. I thought you didn't get the parachute payment if you go straight back up? A quick bit of googling suggests premier league teams are getting roughly £120mil each tv money this season. Championship clubs are getting roughly £5mil each That's a big hole to fill, £30mil transfer profit is a drop in the ocean Edited January 7, 2017 by StraightEdgeWizard Link to comment Share on other sites More sharing options...
ewerk 30219 Posted January 7, 2017 Share Posted January 7, 2017 Yeah you still get the payment even if you go back up. Link to comment Share on other sites More sharing options...
trooper 940 Posted January 7, 2017 Share Posted January 7, 2017 Would it hit Ashley hard if for some horrible reason we didn't go straight back up ? Obviously it would what I mean would it be enough to trigger putting the club up for sale ? Link to comment Share on other sites More sharing options...
Rayvin 5164 Posted January 7, 2017 Share Posted January 7, 2017 (edited) Would it hit Ashley hard if for some horrible reason we didn't go straight back up ? Obviously it would what I mean would it be enough to trigger putting the club up for sale ?He isn't going to sell up without his debt repaid. He won't just write it off. And with the debt factored in, we're not an attractive option. We need to go up, pay off the debt, and then he'll finally leave us. That said, I'm not all that bothered about him being here at the moment since he seems to have learned some lessons. Edited January 7, 2017 by Rayvin Link to comment Share on other sites More sharing options...
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