United Thread | 2025/26

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KentBlue said:
I've always wondered why he got involved in the first place. He wanted in at the Chavs if I remember correctly and only went to the vermin as an afterthought. So if he's the financial genius they all say he is why invest in a sinking ship like the rags? Of course, there is a lot more to all this than we will probably ever know, but the colossal amount of debt they have accrued over the years -and the fact that despite that debt they are still outspending most other clubs in the Prem- must surely give cause for concern to even he most apathetic football fan?
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Only reason I can see is that he believes that a middle Eastern is going to buy the rags, so he's invested to sell his shares at a big profit
 
KentBlue said:
I've always wondered why he got involved in the first place. He wanted in at the Chavs if I remember correctly and only went to the vermin as an afterthought. So if he's the financial genius they all say he is why invest in a sinking ship like the rags? Of course, there is a lot more to all this than we will probably ever know, but the colossal amount of debt they have accrued over the years -and the fact that despite that debt they are still outspending most other clubs in the Prem- must surely give cause for concern to even he most apathetic football fan?
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Vanity project?
 
Vienna_70 said:
Vanity project?
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Exactly what it is. Probably believes he can turn the whole shit show around, and that he will be the sole owner eventually. Peter Swales complex on a much grander scale.
The call-out to the government to help fund the big top was an investor pitch. Get on board with us we're going places or stay in your slow lane.
 
Prestwich_Blue said:
I always look at the cashflow statement as that's (for me) a key indicator of how they're really doing. Are they spending more cash than they're generating basically?

They borrowed an additional £230m and Scruffy Jim put in £80m, making financing of £310m. They repaid £100m of borrowing with that, leaving a net £210m inflow from their financing activities. They generated £73m cash from their operations, giving them available cash of £283m. Of that, they paid out nearly £280m on incoming transfers, recouping nearly £50m on outgoing players. This is just cash by the way, not the total transfer fees, so some will be instalments on previous seasons' transfers.

That's a net £230m cash on transfers, with another £45m paid out on Property, Plant & Equipment (like fixing the roof). So £283m in and £275m out, giving them a net increase in cash of £8m.

But without that £310m from financing (borrowing plus share sales) that would have been a significant cash outflow during the year. Scruffy isn't going to be putting in more money so they'll only be able to borrow money this FY, and they definitely won't be reporting record revenues without any European football.
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Simple financial analysis & still proves how important cash flow is. I worked in a business where cash flow was seasonal & had been taken over by vulture capitalists & loaded with debt. It used to get pretty hairy balancing paying employees, suppliers & contractors. Having to have supplier meeting as they brought in P/Os that are 6 months old.
 
KentBlue said:
I've always wondered why he got involved in the first place. He wanted in at the Chavs if I remember correctly and only went to the vermin as an afterthought. So if he's the financial genius they all say he is why invest in a sinking ship like the rags? Of course, there is a lot more to all this than we will probably ever know, but the colossal amount of debt they have accrued over the years -and the fact that despite that debt they are still outspending most other clubs in the Prem- must surely give cause for concern to even he most apathetic football fan?
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He saw the opportunity to get free money, lobbying government to put in money & make him richer.

He’s the worst of humanity, an absolute parasite.
 
dickie davies said:
Only reason I can see is that he believes that a middle Eastern is going to buy the rags, so he's invested to sell his shares at a big profit
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Nah, he was a dyed in the wool rag supporter from his early days in the womb. Born wearing a rag shirt, spent years living in a tent outside Macari’s chippy. AND he left his bike outside.
 
give it to gordon said:
To me its also strange why other clubs arent kicking up a fuss
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Noses firmly in the PL trough and scared of the bad press if they put their heads above the parapet . They've seen the number that's been done on the best club football team in the world and are unlikely to want a similar smear campaign. Keep your heads down lads . That said there is a growing groundswell ( Villa , Newcastle ) that FFP/ PSR is stunting growth but somehow that will be our fault too .
 
KentBlue said:
I've always wondered why he got involved in the first place. He wanted in at the Chavs if I remember correctly and only went to the vermin as an afterthought. So if he's the financial genius they all say he is why invest in a sinking ship like the rags? Of course, there is a lot more to all this than we will probably ever know, but the colossal amount of debt they have accrued over the years -and the fact that despite that debt they are still outspending most other clubs in the Prem- must surely give cause for concern to even he most apathetic football fan?
Click to expand...
No fool like a rich old fool . Fell for the love bombing from the press with the Chelsea thing and his vanity got the better of him with Manure . Was bragging and boasting right from the start and lapping up all the attention . Now he's not got time for a haircut as he's too busy sacking dinner ladies or fantasising about his new stadium , whose roofline idea someone stole from the Etihad Metro stop . Will be relying on a daily deluge to keep that looking pristine btw .

Manure . Broke , joke and worse than Stoke *

* Doing pretty well ATM in fact .
 
surprisedbygrass said:
No fool like a rich old fool . Fell for the love bombing from the press with the Chelsea thing and his vanity got the better of him with Manure . Was bragging and boasting right from the start and lapping up all the attention . Now he's not got time for a haircut as he's too busy sacking dinner ladies or fantasising about his new stadium , whose roofline idea someone stole from the Etihad Metro stop . Will be relying on a daily deluge to keep that looking pristine btw .

Manure . Broke , joke and worse than Stoke *

* Doing pretty well ATM in fact .
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I’ve never know a bunch of fans/media who talk positively about losing a game. Without knowing the score you’d think they beat Arsenal 5-0. All I’ve seen is ‘if we/they can play like they did vs Arsenal they’ll be alright’.
 
Prestwich_Blue said:
I always look at the cashflow statement as that's (for me) a key indicator of how they're really doing. Are they spending more cash than they're generating basically?

They borrowed an additional £230m and Scruffy Jim put in £80m, making financing of £310m. They repaid £100m of borrowing with that, leaving a net £210m inflow from their financing activities. They generated £73m cash from their operations, giving them available cash of £283m. Of that, they paid out nearly £280m on incoming transfers, recouping nearly £50m on outgoing players. This is just cash by the way, not the total transfer fees, so some will be instalments on previous seasons' transfers.

That's a net £230m cash on transfers, with another £45m paid out on Property, Plant & Equipment (like fixing the roof). So £283m in and £275m out, giving them a net increase in cash of £8m.

But without that £310m from financing (borrowing plus share sales) that would have been a significant cash outflow during the year. Scruffy isn't going to be putting in more money so they'll only be able to borrow money this FY, and they definitely won't be reporting record revenues without any European football.
Click to expand...
Won't the £280m they spent this summer be amortised over 5 years & will be an extra £55m plus what else they owe in amortised transfer fees this summer
 
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