| Sky sports coverage of the rise and fall of Swansea 19:06 - Feb 5 with 15101 views | magicdaps10 |
Anyone seen it?
Just received a message about it and by all accounts our net spend was highlighted by them as -60m.
Makes you wonder how someone could create such a mess that we are witnessing if the claim by sky is true. |  |
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| Sky sports coverage of the rise and fall of Swansea on 21:56 - Feb 5 with 1880 views | Dr_Winston |
| Sky sports coverage of the rise and fall of Swansea on 21:47 - Feb 5 by Flashberryjack |
With the people that run this club it wouldn't surprise me if we had more than a £70m black hole, just as it wouldn't surprise me if there wasn't.
In short I don't know, but It's good that someone is asking questions though,
don't you think ? |
If we're relying on Sky to ask the questions we're f*cked.
The problem as I see it is that there's shitloads of speculation, insinuations and accusations flying around with very little actual information or evidence either way.
I find it very easy to believe that the club is in a shit state financially and in need of desperate income given some of the dealings over the last 4/5 years, but likewise the total lack of information coming from the club lends itself to the kind of speculation that we're seeing.
What isn't helpful is Sky doing the typical "club outside the top five" half arsed analysis and getting the likes of MD10 even more riled up than he already is. |  |
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| Sky sports coverage of the rise and fall of Swansea on 22:01 - Feb 5 with 1865 views | magicdaps10 |
| Sky sports coverage of the rise and fall of Swansea on 21:56 - Feb 5 by AngelRangelQS |
I meant why do you think we'd lost £40m in 9 months?
I'd say that our financial problems have probably been mounting for years. |
I am not. I just cant fathom how 40m would have been used within 8 months.
If it was used to cover transfer fees then what has happened with our incoming transfer fees?
If it was used for wages then why has it all gone with another 3 months of the season to go? | |
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| Sky sports coverage of the rise and fall of Swansea on 22:02 - Feb 5 with 1864 views | AngelRangelQS |
| Sky sports coverage of the rise and fall of Swansea on 21:52 - Feb 5 by magicdaps10 |
I am sure that we are paying part of their wages.
As for wages, we are down how much of a % on income compared to last season and I wonder what % other clubs are paying on what we have let out through the door.
Did we lose money on the players mentioned? We bought them with money we got from selling players before we purchased/paid loan fees for them. |
Well we did lose money on them albeit we made money on others. That said it's far too simplistic to look at it in that way as you need to take into account the true cost of the transfer including wages, agents fees, loyalty payments, paying up contracts (even if we've sold them I believe) and signing on fees. |  | | |
| Sky sports coverage of the rise and fall of Swansea on 22:04 - Feb 5 with 1851 views | AngelRangelQS |
| Sky sports coverage of the rise and fall of Swansea on 22:01 - Feb 5 by magicdaps10 |
I am not. I just cant fathom how 40m would have been used within 8 months.
If it was used to cover transfer fees then what has happened with our incoming transfer fees?
If it was used for wages then why has it all gone with another 3 months of the season to go? |
Why £40m? What's the relevance of that figure? | | | |
| Sky sports coverage of the rise and fall of Swansea on 22:04 - Feb 5 with 1848 views | Chief |
So what period of time do these figures shown by sky cover? |  |
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| Sky sports coverage of the rise and fall of Swansea on 22:04 - Feb 5 with 1848 views | magicdaps10 |
| Sky sports coverage of the rise and fall of Swansea on 21:56 - Feb 5 by Dr_Winston |
If we're relying on Sky to ask the questions we're f*cked.
The problem as I see it is that there's shitloads of speculation, insinuations and accusations flying around with very little actual information or evidence either way.
I find it very easy to believe that the club is in a shit state financially and in need of desperate income given some of the dealings over the last 4/5 years, but likewise the total lack of information coming from the club lends itself to the kind of speculation that we're seeing.
What isn't helpful is Sky doing the typical "club outside the top five" half arsed analysis and getting the likes of MD10 even more riled up than he already is. |
You think I am riled?
How interesting yet baffling. | |
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| Sky sports coverage of the rise and fall of Swansea on 22:07 - Feb 5 with 1832 views | magicdaps10 |
| Sky sports coverage of the rise and fall of Swansea on 22:04 - Feb 5 by Chief |
So what period of time do these figures shown by sky cover? |
Read back through the posts and you will find your answer.
I could answer but would feel it better in the interest of the post that you actually read through all the posts previous instead of going over old ground. | |
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| Sky sports coverage of the rise and fall of Swansea on 22:09 - Feb 5 with 1812 views | Chief |
| Sky sports coverage of the rise and fall of Swansea on 22:07 - Feb 5 by magicdaps10 |
Read back through the posts and you will find your answer.
I could answer but would feel it better in the interest of the post that you actually read through all the posts previous instead of going over old ground. |
I can't see anywhere on this thread that states the dates that those figures covered.
I assume it's since the Yanks bought in? | |
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| Sky sports coverage of the rise and fall of Swansea on 22:18 - Feb 5 with 1764 views | thornabyswan |
| Sky sports coverage of the rise and fall of Swansea on 22:04 - Feb 5 by Chief |
So what period of time do these figures shown by sky cover? |
Since the sale |  |
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| Sky sports coverage of the rise and fall of Swansea on 22:19 - Feb 5 with 1760 views | Chief |
| Sky sports coverage of the rise and fall of Swansea on 22:18 - Feb 5 by thornabyswan |
Since the sale |
Thanks | |
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| Sky sports coverage of the rise and fall of Swansea on 22:32 - Feb 5 with 1705 views | homeiswheretrundleis |
Is this possible could the Americans have taken out a loan for say £63m through Swansea City Football Club when they took over knowing that the premier league payments
TV coverage
and value of the players we had at the time was a guarantee to the Bank
Then used that loan money to pay off the selling shareholders and this would account for the rumoured present black hole ?
I am not sure if the Glaziers did the same at Manchester United | | | |
| Sky sports coverage of the rise and fall of Swansea on 22:38 - Feb 5 with 1663 views | jasper_T |
| Sky sports coverage of the rise and fall of Swansea on 22:32 - Feb 5 by homeiswheretrundleis |
Is this possible could the Americans have taken out a loan for say £63m through Swansea City Football Club when they took over knowing that the premier league payments
TV coverage
and value of the players we had at the time was a guarantee to the Bank
Then used that loan money to pay off the selling shareholders and this would account for the rumoured present black hole ?
I am not sure if the Glaziers did the same at Manchester United |
Are you asking if they bought their shares with company money? | | | |
| Sky sports coverage of the rise and fall of Swansea on 22:41 - Feb 5 with 1653 views | homeiswheretrundleis |
| Sky sports coverage of the rise and fall of Swansea on 22:38 - Feb 5 by jasper_T |
Are you asking if they bought their shares with company money? |
yes | | | |
| Sky sports coverage of the rise and fall of Swansea on 22:45 - Feb 5 with 1627 views | builthjack |
| Sky sports coverage of the rise and fall of Swansea on 22:32 - Feb 5 by homeiswheretrundleis |
Is this possible could the Americans have taken out a loan for say £63m through Swansea City Football Club when they took over knowing that the premier league payments
TV coverage
and value of the players we had at the time was a guarantee to the Bank
Then used that loan money to pay off the selling shareholders and this would account for the rumoured present black hole ?
I am not sure if the Glaziers did the same at Manchester United |
Food for thought |  |
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| Sky sports coverage of the rise and fall of Swansea on 22:56 - Feb 5 with 1584 views | jasper_T |
How would they have done that without the trust or other shareholders noticing, and still made a £13m profit in their first season in control?
The Glazers bought the entire Man Utd company, which makes moving large amounts of money in and out a much simpler proposition. | | | |
| Sky sports coverage of the rise and fall of Swansea on 23:23 - Feb 5 with 1521 views | homeiswheretrundleis |
| Sky sports coverage of the rise and fall of Swansea on 22:56 - Feb 5 by jasper_T |
How would they have done that without the trust or other shareholders noticing, and still made a £13m profit in their first season in control?
The Glazers bought the entire Man Utd company, which makes moving large amounts of money in and out a much simpler proposition. |
ok if you don't think that is possible could they have used their own money in the beginning
to buy the selling shareholders out and then after making a profit on the 1st season taken out a loan after that so the Americans got their original stake back
or again is that not possible. | | | |
| Sky sports coverage of the rise and fall of Swansea on 23:25 - Feb 5 with 1512 views | _ |
| Sky sports coverage of the rise and fall of Swansea on 22:45 - Feb 5 by builthjack |
Food for thought |
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| Sky sports coverage of the rise and fall of Swansea on 23:34 - Feb 5 with 1490 views | BanosPerth |
| Sky sports coverage of the rise and fall of Swansea on 22:45 - Feb 5 by builthjack |
Food for thought |
Yes, I think that another poster mentioned this possibility recently, I can't remember which thread. It looks like a very plausible explanation, standard corporate raider practice I suspect. | | | |
| Sky sports coverage of the rise and fall of Swansea on 23:48 - Feb 5 with 1466 views | ScottishEddie |
Classic thread
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| Sky sports coverage of the rise and fall of Swansea on 23:53 - Feb 5 with 1458 views | jasper_T |
| Sky sports coverage of the rise and fall of Swansea on 23:23 - Feb 5 by homeiswheretrundleis |
ok if you don't think that is possible could they have used their own money in the beginning
to buy the selling shareholders out and then after making a profit on the 1st season taken out a loan after that so the Americans got their original stake back
or again is that not possible. |
You're talking about a withdrawal of £60m at some point which I imagine would be difficult to hide from the other shareholders, who own 40% of the company bank account and debts. | | | |
| Sky sports coverage of the rise and fall of Swansea on 00:40 - Feb 6 with 1428 views | PozuelosSideys |
'Kin hell.. i know numbers arent everyones best skill but come on..
Forget all this rubbish about money being siphoned out of the club and those misleading bollox figures put up by Sky there in regards to net transfer spends.
The biggest issue PL clubs have is wages. The only stat you need to know was released by the club which is the income/wages ratio and that was around 85%-90%
That is why players are being binned off at a rate of knots. The rest of it is just noise by idiots on here who havent got a facking clue how a payroll works.
And yes..Yanks Out. |  |
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| Sky sports coverage of the rise and fall of Swansea on 06:35 - Feb 6 with 1318 views | Whiterockin |
| Sky sports coverage of the rise and fall of Swansea on 00:40 - Feb 6 by PozuelosSideys |
'Kin hell.. i know numbers arent everyones best skill but come on..
Forget all this rubbish about money being siphoned out of the club and those misleading bollox figures put up by Sky there in regards to net transfer spends.
The biggest issue PL clubs have is wages. The only stat you need to know was released by the club which is the income/wages ratio and that was around 85%-90%
That is why players are being binned off at a rate of knots. The rest of it is just noise by idiots on here who havent got a facking clue how a payroll works.
And yes..Yanks Out. |
Are the Sky figures accurate in showing the actual transfer fee balance. We don't know how much we paid up front and how much we are still paying for players we bought a couple of seasons ago. We also don't know if we have been paid in full for all players sold.
If any money has been taken out of the club by the Americans, pre relegation, where is the Trusts 21%. If any money is seen to be spent improperly after relegation (admin fees ect), the Premier League can freeze parachute payments and demand repayment. Parachute payments are to be used only to cover the cost of the transition from Premier League to Football League.
The implications of wages and costs the first year of relegation are immense. I'll give one example. Bony, £12M transfer fee for 2 year contract. If we are paying that over the length of the contract it equates to £120K a week add to £100K a week wages this means Bony has been costing us nearly a quarter of a million pounds a week this season. IMO its not so much the Americans skimming money, its more the incompetence of HJ in transfer dealings and contracts that have caused the problems.
But it is still the Americans who let him do it and I want them out. |  | | |
| Sky sports coverage of the rise and fall of Swansea on 07:36 - Feb 6 with 1275 views | magicdaps10 |
| Sky sports coverage of the rise and fall of Swansea on 23:48 - Feb 5 by ScottishEddie |
Classic thread
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On the contrary.
The post was about an actual story by Sky and a decent and well mannered forum post pursued from it until the usual culprits came along.
Wether people who posted were right or wrong, it was all down in a decent manor........until as I said, the usual culprits came along.
It is quite simple really. | |
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| Sky sports coverage of the rise and fall of Swansea on 07:39 - Feb 6 with 1273 views | magicdaps10 |
| Sky sports coverage of the rise and fall of Swansea on 22:45 - Feb 5 by builthjack |
Food for thought |
It is food for thought because that is exactly what the Glazers did.
Without seeing the books, nothing can totally be ruled out. If you are not open minded then you can be fooled into almost anything pending on your line of thought of course. | |
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| Sky sports coverage of the rise and fall of Swansea on 08:07 - Feb 6 with 1254 views | Loyal |
| Sky sports coverage of the rise and fall of Swansea on 21:31 - Feb 5 by magicdaps10 |
So why have they all of a sudden paid attention to us in the championship?
They see a story that is why and were quite clearly making a point that something does not add up. In the football world, football people will know what is going on more than us fans.
That report on sky was certainly knocking on why the club is in so much financial trouble with the big showing of -61M. |
Most football people are thick as wood. |  |
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