I suspect the receivers of Alan’s main company are the block at the moment.
I’m guessing, I have no knowledge of actual.
Just to bore folk a bit....
Banks will not touch most football clubs because of the inherent risk.
Football club ownership...
Banks know this and with the exception of the few clubs at the top, whose income is reliable, they steer clear.
In @ASFCofficial case, I make it clear to all that the underlying reliable income...
But broadly speaking we aren’t so far off.
I don’t loan the club money to fund losses. I have no intention of ever doing so.
@ASFCofficial infrastructure was so..
I’m in effect loaning from my company cash that in any normal situation would be supplied by banks.
We need 50 year assets, it’s a bit like when someone buys..
So infrastructure loans make sense.
I limit the loans for infrastructure to an amount that can reasonably be expected to be repaid. We have cash due from transfers, but we need facilities now.
This is not gambling. This is investing in infrastructure to create higher revenue streams so that Coley can have a reliable budget that is far more competitive than he started with.
It makes sense.
I know what cash..
If the loans were for players or unaffordable wages the opposite is true.
The chances of success are limited, we can’t all get promoted.
To use a phrase my mother always said to me..
‘YOU’VE GOT NOTHING..
Not much more to this..🙄
Some lending is good, some isn’t.
ALL lending makes business sense because it’s tax efficient.
I don’t want to put cash in out of my personal pocket, because that pocket is...
Loans before tax is the way.
If I loan inter company for tax purposes, and it’s spent on the risky side of football (players as opposed to infrastructure) I had better be certain that the loans are so small as to not impact the main company.
They start withdrawing support.
Effectively I would have made the bank a lender to my..
The squeeze is on.
Bank will say “if you need cash, go and get it back of the football club, don’t expect us to continue increasing our risk”
Cash dries up from both ends.
You can’t pay your bills when they fall due. You’re INSOLVENT.
Receivers are appointed at main co. by the bank.
On behalf of main co. creditors and staff, they demand repayment of loans from the football club. It’s their job.
New investors think this cost is too high with the liability coupled with the guaranteed losses in the short term, because I recklessly built the playing budget higher than was sustainable.
I’d lose fortunes,
Supporters lose their club,
The town loses a key asset,
Communities lose support,
Local businesses lose income,
Staff lose jobs,
Managers lose jobs,
HMRC loses income,
Towns lose rates.
It’s a FECKING nightmare.
I only wanted what’s best for our club.
I only wanted to show the world at large I could take the job on and win.
I only wanted to save the club.
I only did what I...
I was wrong, everyone hates me for losing MY cash.
I was stupid, but if we’d have been promoted on the back of my cash, I’d have been the best owner in the world.
I was so close.
Clubs need protecting from well meaning owners.
We need checks and balances.
Now we have a poker table.
Pissed up, unlimited poker.
Only in this game everyone in the town loses.