Toffeelover
Player Valuation: £80m
...it’s all Monopoly money.
Bet you wish you had a share though, say something small like 1%.
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...it’s all Monopoly money.
Bet you wish you had a share though, say something small like 1%.
That could prove difficultBut you know we'd only fill 56,000 seats in a world class stadium on the docks.
Anyone with a bit more knowledge of club finances have any idea what this all means.
Saw it pop up on my Twitter timeline
Anyone with a bit more knowledge of club finances have any idea what this all means.
Saw it pop up on my Twitter timeline
But it's still money that is owed to him, an interest free loan is still a loan.It's not debt, it's equity. There's no repayment date and no interest. I wouldn't worry about it too much, will be easily cleared once Usmanov comes in. What's important is that we have money to buy players and improve and challenge with the best. It won't happen overnight and that's probably a problem for some, but we are going forwards now, not backwards like we have done previously.
I don’t profess to to know a lot about finance, I usually leave that to @Steve0, he seems to be somewhat of an expert, but came across this on my Twitter. Don’t like the look of it.
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Three main thing things leap out of these numbers:
1) the next set of accounts are likely to show a genuinely frightening loss, one driven not primarily by exceptional items but instead by us living beyond our current means as we chase the top 6. The following year will likely be worse again.
2) we are very very reliant on Moshiri if we don't want to have to cut back hard.
3) The gap to revenue parity with the top 6, even Spurs, looks almost insurmountable even with a new stadium at some stage in the future. Ergo, if top 6 consistently is genuinely the aim, we are going to be reliant on Moshiri to plug part of the gap for the foreseeable future.
Now that is all fine so long as Moshiri is committed.
On pitch results like today do leave me nervous though.
He may have fallen for us hard and/ or even see millions to be made from dockyard redevelopment but somewhere there has to be a limit to this commitment. Millions and millions spent window after window with no discernable improvement and little love coming back off the terraces would test the resolve of even a die-cast blue by birth. He isn't that and as we've seen elsewhere, Sunderland and Villa most recently, owners can get disinchanted where progress is scant and hope for competing at the top is slim.
If he does ever walk away things will be challenging Indeed.