I would suggest there are three different issues re: recent events

Discussion in 'Bulletin Board' started by KamikazeCo-Pilot, Oct 14, 2019.

  1. KamikazeCo-Pilot

    KamikazeCo-Pilot Well-Known Member

    Joined:
    Aug 29, 2011
    Messages:
    4,710
    Likes Received:
    6,589
    Trophy Points:
    113
    Location:
    Sunny Darton
    Style:
    Barnsley
    1. Should Stendel have been sacked (presumably that is what happened)
    2. Was the club statement about his departure appropriate?
    3. Do the owners have the welfare of the club at heart?

    I personally think on 2 it was disrespectful but not as important as 1 and 3. Yes the club statement was poor, lacked information, was abrupt and non conciliatory. Poor. However, the context of the sacking in the short term and the overall attitude to the club, fans, history is more concerning.
    I can deserve judgement on Stendels sacking (1) as and when performances and results get better or worse with a new manager. However, on 3 I am concerned. I am somewhat nervous about the owners commitment and intent. There is nothing to suggest that the owners wish to do anything other than create year on year profit for themselves. Nothing. Early days for the current owners I know and I may be misreading the situation but I don't think I am. I trust my gut and I'm uneasy. I know others will say we aren't a Bury or a Bolton which is fair enough but I've still got that sense of unease.... What do folks think?
     
  2. shed131

    shed131 Well-Known Member

    Joined:
    Aug 4, 2009
    Messages:
    5,596
    Likes Received:
    4,390
    Trophy Points:
    113
    Location:
    In Cudeth Nar
    Style:
    Barnsley (full width)
    It's so easy to create a black hole and reading about the loan situation at Nice... It wouldn't be too hard to see and understand if loans at a high interest rate were and have or will be taken out, thus providing a source of income for all involved by ways of repayment fees...
    There's folk out there more clever than me, who no doubt can explain how these things work a lot better than I can
    Looking at things logically from my point of view... if this was the case and this was a long term plan then a purchase of a club
    would make us the perfect storm..
    We were Solvent when took over and prime candidates for such a business model to work
    People can go on about the Bury and Bolton situation but if it a loan plan implemented and I'm not for one moment saying it is and that it's what's happening at oakwell .. But the loan system of finance could and can produce a tidy return and allows anyone to start
    tunneling away at finances and creating a similar situation that took place allegedly at Nice
    Taking out loans at a high interest rate from subsidiary companies then creating a minefield paperchase..
    A few things can happen if the above were to happen to any club
    The first unlike Nice no megga rich individual or company will ride in to rescue them if the same standing as us
    Secondly the problem would find said club stuck in a circle of money repayment schemes, which is lawfull but yet wrong on the part of supporters and would /will damage the club tremendously in the future if it were to happen but yet allow any owners to walk away once a club had been bled dry. Claiming said club is not a viable concern.
    Once again iam not and categorically state that I'm not implying anything underhand is taking place at Oakwell when in fact
    Any Owner can take out loans with high interest rates sit back and bleed any club by getting a good return on loans.. but at same time leaving just enough to stay a float with the added bonus of selling young players for profit if that said ownership had their fingers in many pies... Which would add further income to the master plan
     
  3. Durkar Red

    Durkar Red Well-Known Member

    Joined:
    Jul 19, 2005
    Messages:
    11,212
    Likes Received:
    6,996
    Trophy Points:
    113
    Occupation:
    Exorcist
    Location:
    err..durkar
    Home Page:
    Style:
    Barnsley (full width)
    There’s no evidence that any loans have been taken out at BFC or that millions have been pocketed by the current owners , they are signing players on 4 yr deals , that’s where any transfer money gained has gone as far as I can see but these guys will get their money back on buying the club from Cryne , that’s football
     
  4. Arc

    Archerfield Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    2,310
    Likes Received:
    5,918
    Trophy Points:
    113
    Location:
    Archerfield, Scotland
    Style:
    Barnsley (full width)
    There is a loan facility in place but that is with Barclays
     
  5. Jay

    Jay Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    40,988
    Likes Received:
    26,876
    Trophy Points:
    113
    Location:
    On Sofa
    Style:
    Barnsley
    http://barnsleyfc.org.uk/threads/borrowing-mortgaged-on-club-assets.281138/
     
  6. DusThaNoIII

    DusThaNoIII Well-Known Member

    Joined:
    Jan 28, 2013
    Messages:
    4,967
    Likes Received:
    2,991
    Trophy Points:
    113
    Location:
    Leeds
    Style:
    Barnsley (full width)
    I’ve seen it all now. Do you earnestly believe we have seen the money we have received from promotion, player sales and reduction in wage bill from high earners leaving the club reinvested?
     
  7. Durkar Red

    Durkar Red Well-Known Member

    Joined:
    Jul 19, 2005
    Messages:
    11,212
    Likes Received:
    6,996
    Trophy Points:
    113
    Occupation:
    Exorcist
    Location:
    err..durkar
    Home Page:
    Style:
    Barnsley (full width)
    Yes
     
  8. Durkar Red

    Durkar Red Well-Known Member

    Joined:
    Jul 19, 2005
    Messages:
    11,212
    Likes Received:
    6,996
    Trophy Points:
    113
    Occupation:
    Exorcist
    Location:
    err..durkar
    Home Page:
    Style:
    Barnsley (full width)
  9. Jay

    Jay Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    40,988
    Likes Received:
    26,876
    Trophy Points:
    113
    Location:
    On Sofa
    Style:
    Barnsley
    You said there's no evidence of any loans taken out at BFC. There is.
     
  10. Durkar Red

    Durkar Red Well-Known Member

    Joined:
    Jul 19, 2005
    Messages:
    11,212
    Likes Received:
    6,996
    Trophy Points:
    113
    Occupation:
    Exorcist
    Location:
    err..durkar
    Home Page:
    Style:
    Barnsley (full width)
    That doesn’t say they have taken out a loan does it , I’ve got an overdraft facility at my bank that I don’t use ( very often ) but I’ve still prearranged it in case I need it
     
  11. Dan

    DannyWilsonLovechild Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    14,163
    Likes Received:
    17,210
    Trophy Points:
    113
    Style:
    Barnsley
    They may have used it, they may not have used it. Until the next set of accounts, or the set of accounts after that are published, we won't know what they've done, on what scale and given their love of ambiguity or silence, I doubt we'll be told of its purpose.
     
  12. Durkar Red

    Durkar Red Well-Known Member

    Joined:
    Jul 19, 2005
    Messages:
    11,212
    Likes Received:
    6,996
    Trophy Points:
    113
    Occupation:
    Exorcist
    Location:
    err..durkar
    Home Page:
    Style:
    Barnsley (full width)
    Exactly some people need to get grip of themselves, there is no evidence what so ever there’s been any wrong doing financially by this Consortium at BFC , they’ve ‘separated from a manager who wasn’t doing very well but was popular and issued a crap statement, that’s it
     
    6ozDave likes this.
  13. man

    mansfield_red Well-Known Member

    Joined:
    Aug 18, 2011
    Messages:
    9,312
    Likes Received:
    14,998
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    Not really. We're going to have a squad in 4 years regardless of whether we signed players on 3 or 4 year deals and it's not as if we pay the wages upfront, or that we've signed players who are likely to be on substantially higher wages than we were paying previously.
     
  14. gri

    grimeypit Active Member

    Joined:
    Nov 26, 2015
    Messages:
    142
    Likes Received:
    127
    Trophy Points:
    43
    Gender:
    Male
    Location:
    Kendray
    Style:
    Barnsley (full width)
    Most clubs now have loan agreements in place with banks or financial companies.

    This is due to clauses and addons for a player.

    Let's say Pinnock cost 3.5 million: 1.5m now and 2m over 12 to 24 months.

    You can borrow against the clubs assets to claim the 2m now at the fee of 9% interest (180k)

    This is just a way of releasing funds earlier at a fee.
     
  15. Dan

    DannyWilsonLovechild Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    14,163
    Likes Received:
    17,210
    Trophy Points:
    113
    Style:
    Barnsley
    Nobody has said there is wrong doing. People are concerned about the lack of congruency between statement and action and their actions re signings to support the coach, or not. I think they are all very legitimate questions to pose.
     
  16. Durkar Red

    Durkar Red Well-Known Member

    Joined:
    Jul 19, 2005
    Messages:
    11,212
    Likes Received:
    6,996
    Trophy Points:
    113
    Occupation:
    Exorcist
    Location:
    err..durkar
    Home Page:
    Style:
    Barnsley (full width)
    Most clubs do but no evidence BFC have done it , the masses of forensic accountants on the BBS have concluded this Consortium are all related to the Oystens and are , as I type , nicking the lead from the West Stand bogs
     
  17. shed131

    shed131 Well-Known Member

    Joined:
    Aug 4, 2009
    Messages:
    5,596
    Likes Received:
    4,390
    Trophy Points:
    113
    Location:
    In Cudeth Nar
    Style:
    Barnsley (full width)
    Yes.. on the surface of it all maybe that's true... however by their in scrupulous behaviour and the ease in which they tarnished our clubs professionisum and appear to be so cloak and dagger about stuff they have drawn attention to themselves.. Attention that they could do without.. But dare I say... that they have lost the trust from the majority of the fan base.... Sat typing this whilst sat on our sofa in our front lounge... not sat around the table in some multi international office found in somebodys Miami apartment block
     
  18. shed131

    shed131 Well-Known Member

    Joined:
    Aug 4, 2009
    Messages:
    5,596
    Likes Received:
    4,390
    Trophy Points:
    113
    Location:
    In Cudeth Nar
    Style:
    Barnsley (full width)
    Only the lead... Lol ......wow Your very trusting...
     
  19. DusThaNoIII

    DusThaNoIII Well-Known Member

    Joined:
    Jan 28, 2013
    Messages:
    4,967
    Likes Received:
    2,991
    Trophy Points:
    113
    Location:
    Leeds
    Style:
    Barnsley (full width)
    You’re wasting your breath.
    Even they admitted there’s money left to spend in January, which is what I’d expect a rational apologist would argue- that they underestimated the league and kept some funds back to spend in January. This guy is so deluded he has concluded all monies have been totally reinvested. Not worth your time, more likely to change someone’s views on brexit.
     
  20. George Kerr

    George Kerr Well-Known Member

    Joined:
    Aug 11, 2016
    Messages:
    1,483
    Likes Received:
    2,244
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired
    Location:
    Hoyland
    Style:
    Barnsley (full width)

    In answer to your three questions :-

    1, No Stendel should not have been sacked. Clearly and in part answer to question 3 I think he had the welfare of the Club staff and supporters at heart more than the owners. In the close season he lost the spine of the team and many of his best players. He was given a load of replacements not of his choosing. The resultant team would maybe good enough to win promotion from EFL Div 1, but not good enough to survive in the championship. Stendel knew what was needed to prosper in the championship. If the board did they ignored what Stendel wanted because it did not fit their business model.
    2, The club's statement on Stendel's departure was a disastrous example of PR that completely misread or failed to understand the culture of football in England.
    3, The owners may think that they HAD the welfare of the club at heart, but their actions clearly demonstrate by what is unravelling, they do not.
    Management style seems more suited to "American Authoritarianism" ( M. McWilliams PhD University of Massachusetts). They would appear to be treating BFC like sports teams in the US, that is as a franchise. The supporters (not fans) are secondary to the business. Their silence over the past week is probably because they don't know how to proceed and best manage the situation.
     

Share This Page