Debt!

Discussion in 'Bulletin Board' started by David_Upper_East, Mar 7, 2018.

  1. David_Upper_East

    David_Upper_East Active Member

    Joined:
    Sep 13, 2017
    Messages:
    309
    Likes Received:
    162
    Trophy Points:
    43
    Gender:
    Male
    Style:
    Barnsley (full width)
    Recently reported the current two top teams in the Championship - Wolves and Cardiff have massive debts. £23 million for Wolves and over £100 for the sheep shearers marshalled by the chiropodist. I am glad Barnsley has a sustainable business model and is more or less solvent...
     
    BobT, Kettlewell and Denihol like this.
  2. dreamboy3000

    dreamboy3000 Well-Known Member

    Joined:
    Oct 20, 2005
    Messages:
    32,586
    Likes Received:
    1,102
    Trophy Points:
    113
    Location:
    DB3K Towers
    Style:
    Barnsley (full width)
    Whatever debt Wolves have will be wiped out very soon, when they get promoted. So they if they choose to be, they can be debt free and playing top flight football. Doesn't sound bad to me.
     
    Selby Red likes this.
  3. David_Upper_East

    David_Upper_East Active Member

    Joined:
    Sep 13, 2017
    Messages:
    309
    Likes Received:
    162
    Trophy Points:
    43
    Gender:
    Male
    Style:
    Barnsley (full width)
    Please explain how that works.
     
  4. Gordon Owen

    Gordon Owen Well-Known Member

    Joined:
    Jan 8, 2009
    Messages:
    12,691
    Likes Received:
    1,693
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Tarn, sithi
    Style:
    Barnsley
    The £200 million they get for going up
     
    dreamboy3000 likes this.
  5. David_Upper_East

    David_Upper_East Active Member

    Joined:
    Sep 13, 2017
    Messages:
    309
    Likes Received:
    162
    Trophy Points:
    43
    Gender:
    Male
    Style:
    Barnsley (full width)
    A bit of research shows this is not a definite figure, but estimated share of broadcasting revenue.....however I take the point
     
  6. orsenkaht

    orsenkaht Well-Known Member

    Joined:
    Nov 7, 2009
    Messages:
    5,117
    Likes Received:
    1,345
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    So if we're watching a particularly bad game, we can look at each other and say "Yes! But look at how solvent we are!"
     
  7. David_Upper_East

    David_Upper_East Active Member

    Joined:
    Sep 13, 2017
    Messages:
    309
    Likes Received:
    162
    Trophy Points:
    43
    Gender:
    Male
    Style:
    Barnsley (full width)
    No, of course not. However, the club went into administration with debts of less than £4 million. We lost ownership of the ground, and there was a period of turmoil for quite a few years. At the time clubs like Sheffield Wednesday had debts of over £23 million but continued to be offered credit. Now we have clubs owned as toys by overseas billionaire owners - some of whom want to tinker with tradition like at Hull and Cardiff. Patrick Cryne was indeed our saviour - I don't think it's an over-statement and the deal he brokered now with the consortium of investors, seems to me to be a solid foundation for the club to progress without having to go into too much debt....
     
    Marlon likes this.
  8. fit

    fitzytyke2 Well-Known Member

    Joined:
    Sep 19, 2016
    Messages:
    6,828
    Likes Received:
    3,092
    Trophy Points:
    113
    Will be interesting to see how long we can persist without the owners burdening the club with a bit of debt. Spending money seems to be the only way for most clubs.

    Here's a bit from the Burton forum. This guy asks if Brentford are the Burton of the future. He mentions their squad worth, how many players they have that cost over a million quid and that they have internationals in the squad. He obviously sees their small crowds and that gives him hope for his own club.

    What he hasn't factored in though, is their debt which a year or so ago was over £35million. With their small crowds they'll only ever get on top of that debt if they go to the prem.

    [​IMG]
     

Share This Page