Can someone tell me where the owners have been asset stripping so far?

Discussion in 'Bulletin Board' started by judith charmers, Feb 13, 2020.

  1. jud

    judith charmers Well-Known Member

    Joined:
    Oct 9, 2011
    Messages:
    3,239
    Likes Received:
    920
    Trophy Points:
    113
    Occupation:
    Travel advisor
    Location:
    Barbados
    Style:
    Barnsley (full width)
    Asking for a friend.

    Ta
     
    Bossman and ScubaTyke like this.
  2. TrueRed92

    TrueRed92 Well-Known Member

    Joined:
    Sep 23, 2016
    Messages:
    1,882
    Likes Received:
    625
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    The Boss
    Location:
    Barnsley
    Style:
    Barnsley (full width)
  3. 1887 RED

    1887 RED Active Member

    Joined:
    Feb 28, 2013
    Messages:
    148
    Likes Received:
    68
    Trophy Points:
    28
    Style:
    XenForo - Xenith Reds
    None to my knowledge but they sold Pinnock Lindsey & Moore and bought Mads Bambo & Schmidt
     
  4. Men

    Menai Tyke Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    4,568
    Likes Received:
    1,385
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Llandudno
    Style:
    Barnsley
    Sold our best players and replaced them with a load of total unknown quantity?
     
  5. BarnsleyReds

    BarnsleyReds Well-Known Member

    Joined:
    Apr 28, 2013
    Messages:
    6,697
    Likes Received:
    5,367
    Trophy Points:
    113
    Style:
    XenForo - Xenith Reds
    They haven’t
     
  6. Redstone

    Redstone Well-Known Member

    Joined:
    Sep 10, 2005
    Messages:
    11,171
    Likes Received:
    4,360
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    They haven't as far as i can tell. Wasted a lot of money on a large quantity of poor players which have resulted in some awful results and performances.
     
    Stephen Dawson likes this.
  7. On yer tyke

    On yer tyke Well-Known Member

    Joined:
    Jan 27, 2018
    Messages:
    1,877
    Likes Received:
    2,077
    Trophy Points:
    113
    Gender:
    Male
    Style:
    Barnsley (full width)
    They stripped my grandads car parking space in the east stand car park.

    gerrum out!!!
     
  8. Che

    Chef Tyke Well-Known Member

    Joined:
    Jul 17, 2005
    Messages:
    13,934
    Likes Received:
    2,980
    Trophy Points:
    113
    Location:
    West Stand Bogs
    Home Page:
    Style:
    Barnsley
    I don’t believe for one second that transfers IN is equal to transfers OUT
     
  9. pon

    pontyender Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    9,607
    Likes Received:
    2,451
    Trophy Points:
    113
    Location:
    Barnsley
    Home Page:
    Style:
    Barnsley (full width)
    asset stripping
    /ˈasɛt ˌstrɪpɪŋ/
    noun
    1. the practice of taking over a company in financial difficulties and selling each of its assets separately at a profit without regard for the company's future.
     
  10. BarnsleyReds

    BarnsleyReds Well-Known Member

    Joined:
    Apr 28, 2013
    Messages:
    6,697
    Likes Received:
    5,367
    Trophy Points:
    113
    Style:
    XenForo - Xenith Reds
    I can see them being similar, actually. We’ve brought in a lot more players than we’ve sold. Plus apparently £1 million for Struber.

    Even if there is a significant profit on transfers though, it’s not free to run a football club and ticket money is a drop in the bucket.

    We were losing something like £2 million a year under Patrick Cryne. A lot of that is the academy costs.

    I’m not defending the owners, I think they’ve been naive and stupid at times (a lot of times), but I don’t buy that they’re asset stripping.
     
  11. jph

    jph77 Active Member

    Joined:
    Aug 16, 2011
    Messages:
    339
    Likes Received:
    146
    Trophy Points:
    43
    Style:
    Barnsley (full width)
    Perhaps not intentionally asset stripping, that might be a strong way to put it... But they've sold our best players and brought in ***** that have cost a lot less. Money in their pocket.
    We should be protesting and trying to force them out.
    It's sad that so many of us keep going in hope.... They will deliver nothing but disappointment.
     
    Hykehamtyke and Stephen Dawson like this.
  12. BarnsleyReds

    BarnsleyReds Well-Known Member

    Joined:
    Apr 28, 2013
    Messages:
    6,697
    Likes Received:
    5,367
    Trophy Points:
    113
    Style:
    XenForo - Xenith Reds
    Money in the club’s pocket. Not theirs. Yes, there is a difference.
     
  13. Red

    Redhelen Well-Known Member

    Joined:
    Sep 29, 2018
    Messages:
    9,779
    Likes Received:
    8,121
    Trophy Points:
    113
    Gender:
    Female
    Style:
    Barnsley (full width)
    But they own the club.
     
    Stephen Dawson likes this.
  14. Arc

    Archerfield Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    551
    Likes Received:
    656
    Trophy Points:
    93
    Location:
    Archerfield, Scotland
    Style:
    Barnsley (full width)
    But as owners a cash balance on the balance sheet would typically increase the saleable value of the club £ for £. The money could stay in the club but if they chose to sell they could get the value of any cash through sale proceeds.

    One of many ways for owners to extract value without a dividend payment. Their approach at Nice was to load the club with debt with a penal interest rate. These guys aren't here out of love of Barnsley FC.

    If their experiment in player trading does go wrong this could result in a real dilemma for the 20% minority shareholder.
     
    Old Gimmer and Redhelen like this.
  15. Hom

    Homer Well-Known Member

    Joined:
    Jul 31, 2012
    Messages:
    2,757
    Likes Received:
    427
    Trophy Points:
    83
    Style:
    Barnsley (full width)
    They have assets stripped us personally as fans
    And no apologies to us for doing it
     
  16. MarioKempes

    MarioKempes Well-Known Member

    Joined:
    Jul 3, 2008
    Messages:
    40,155
    Likes Received:
    7,174
    Trophy Points:
    113
    Occupation:
    Project Manager
    Style:
    Barnsley (full width)
    If we're applying the literal definition of the term then they haven't.
     
    Stephen Dawson likes this.
  17. Dub-Tyke

    Dub-Tyke Well-Known Member

    Joined:
    Apr 27, 2014
    Messages:
    1,797
    Likes Received:
    1,361
    Trophy Points:
    113
    We’ve always been a selling club. We have to be due to our size and the larger size of our local rivals. Some folk seem to forget that.....

    If people think this is asset stripping, then they are wrong. Or they have to accept that the term can be applied to the owners from the last 50+ years......
     
  18. BarnsleyReds

    BarnsleyReds Well-Known Member

    Joined:
    Apr 28, 2013
    Messages:
    6,697
    Likes Received:
    5,367
    Trophy Points:
    113
    Style:
    XenForo - Xenith Reds
    That doesn't mean the club's money is theirs or their money is the club's.

    They are legally distinct entities.
     
  19. pon

    pontyender Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    9,607
    Likes Received:
    2,451
    Trophy Points:
    113
    Location:
    Barnsley
    Home Page:
    Style:
    Barnsley (full width)
    The scale has been a bit different in recent years though. We used to keep players a lot longer.
     
  20. AthersleyRed

    AthersleyRed Well-Known Member

    Joined:
    Oct 11, 2011
    Messages:
    3,772
    Likes Received:
    1,445
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    The reality is they're taking us down a slippery slope due to their incompetance and negligence
     
    Stephen Dawson likes this.

Share This Page