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

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    Asking for a friend.

    Ta
     
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  2. TrueRed92

    TrueRed92 Well-Known Member

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  3. 1887 RED

    1887 RED Active Member

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    None to my knowledge but they sold Pinnock Lindsey & Moore and bought Mads Bambo & Schmidt
     
  4. Men

    Menai Tyke Well-Known Member

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    Sold our best players and replaced them with a load of total unknown quantity?
     
  5. Bar

    BarnsleyReds Well-Known Member

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    They haven’t
     
  6. tyketastic

    tyketastic Well-Known Member

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    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.
     
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  7. On yer tyke

    On yer tyke Well-Known Member

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    They stripped my grandads car parking space in the east stand car park.

    gerrum out!!!
     
  8. Che

    Chef Tyke Well-Known Member

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    I don’t believe for one second that transfers IN is equal to transfers OUT
     
  9. pon

    pontyender Well-Known Member

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    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. Bar

    BarnsleyReds Well-Known Member

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    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

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    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.
     
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  12. Bar

    BarnsleyReds Well-Known Member

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    Money in the club’s pocket. Not theirs. Yes, there is a difference.
     
  13. Red

    Redhelen Well-Known Member

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    But they own the club.
     
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  14. Arc

    Archerfield Well-Known Member

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    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.
     
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  15. Hom

    Homer Well-Known Member

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    They have assets stripped us personally as fans
    And no apologies to us for doing it
     
  16. MarioKempes

    MarioKempes Well-Known Member

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    If we're applying the literal definition of the term then they haven't.
     
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  17. Dub-Tyke

    Dub-Tyke Well-Known Member

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    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. Bar

    BarnsleyReds Well-Known Member

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    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

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    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

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    The reality is they're taking us down a slippery slope due to their incompetance and negligence
     
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