Saints reap Premier League riches but count cost of Staplewood and transfer spending

The new Saints board

The new Saints board

First published in Sport Basingstoke Gazette: Photograph of the Author by , Chief Sports Writer

The impact of Premier League promotion has been revealed by the latest set of Saints accounts – but there are also warnings in amongst the figures.

Documents filed today with Companies House reveal that the period the accounts cover – 2012/13, Saints’ first back in the top flight after promotion with Nicola Cortese at the helm as executive chairman – saw turnover increase by 213 per cent to £71.8m.

Broadcasting income (£46.9m), match day income (£16.9m) and commercial income (£6.7m) all increased as expected, while there was also good news as club’s wage to turnover ratio reduced to 65 per cent from 102 per cent.

However, there has been a significant development in the upgrading of the Staplewood training ground facility, which is now expected to cost an eye watering £30m, around double what was initially understood to have been slated for the project.

Also the club’s lavish spending in the transfer market has left them with £27m still to pay in fees with £22m due in 2014/15 alone.

Saints remain buoyant about future growth opportunities, as underlined by chairman Ralph Krueger, but the new board have struck a cautionary note over the finances they have inherited.

Profit before player trading increased to £8.7m but with an overall net loss of £7.1m. Player trading included a one-off exceptional cost of a £2.1m impairment charge to write off the carrying value of certain players.

The loss before interest and tax has reduced to £6.6m while total group wages, including player wages, increased to £47.1m in 2013 from £28.7m in 2012.

There was also an explanation for the loan facility with British Virgin Islands company Vibrac. A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities.

The figures also confirm that the Liebherrs have invested £52.7m since buying Saints with £37.9m of this having been converted into equity shares.

Comments (155)

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7:24am Mon 31 Mar 14

Epsom Saint says...

The key here is that we are profitable at operating level, before player trading. On entry to the EPL, every club has to buy players of the required standard, and hopefully these players have at least maintained their value. Many of our young players cost virtually nothing, so I think we're probably in ok shape at the moment but it's obvious that we can't continually spend more than we have.
The key here is that we are profitable at operating level, before player trading. On entry to the EPL, every club has to buy players of the required standard, and hopefully these players have at least maintained their value. Many of our young players cost virtually nothing, so I think we're probably in ok shape at the moment but it's obvious that we can't continually spend more than we have. Epsom Saint
  • Score: 47

7:38am Mon 31 Mar 14

plastic_fantastic says...

Thank you DE for showing a negative twist on a positive season Saints are having. Now how about giving us all a laugh and publish Portsmouth FC accounts....
Thank you DE for showing a negative twist on a positive season Saints are having. Now how about giving us all a laugh and publish Portsmouth FC accounts.... plastic_fantastic
  • Score: 45

7:54am Mon 31 Mar 14

frenchvic says...

Brace yourselves for the avalanche of manic skunts.
Brace yourselves for the avalanche of manic skunts. frenchvic
  • Score: 24

8:17am Mon 31 Mar 14

saint christopher says...

The owners and board have not sanctioned £30m upgrade to Staplewood for no reason.

The plan is surely to grow Saints organically from within rather than continue down the "see it, want it, buy it" philosophy used by most other clubs that is financially unsustainable in the long-term.

We invested heavily to ensure we got established in the PL - job done. In the summer I think we'll see a few of the less fruitful branches being removed, one or two branches able to strengthen the existing stock being grafted in, and everything possible being done to stop our most fruitful branches being snipped off.

Fans expecting £50m+ to be spent in the summer I think are going to be disappointed - unless that's financed by some very big money departures. Personally I don't think that's going to happen because Luke etc appear too committed to the "project".

Maintain, grow and strengthen slowly will be the motto, and I for one will be more than happy with that. We know that even our youngsters can compete at the highest level and they will only get better.

Great times.
The owners and board have not sanctioned £30m upgrade to Staplewood for no reason. The plan is surely to grow Saints organically from within rather than continue down the "see it, want it, buy it" philosophy used by most other clubs that is financially unsustainable in the long-term. We invested heavily to ensure we got established in the PL - job done. In the summer I think we'll see a few of the less fruitful branches being removed, one or two branches able to strengthen the existing stock being grafted in, and everything possible being done to stop our most fruitful branches being snipped off. Fans expecting £50m+ to be spent in the summer I think are going to be disappointed - unless that's financed by some very big money departures. Personally I don't think that's going to happen because Luke etc appear too committed to the "project". Maintain, grow and strengthen slowly will be the motto, and I for one will be more than happy with that. We know that even our youngsters can compete at the highest level and they will only get better. Great times. saint christopher
  • Score: 61

8:25am Mon 31 Mar 14

Stroppy_gramps says...

so basically the club is in a great position in the league and in a great position financially as well. Properly backed by an owner who quite clearly wants the club to succeed and, therefore, understands that good financial acumen and a stable club are very clearly the key.

I'll take another 25-30 years in the top flight of English football over an cup competition any day. Mind you, I wouldn't mind picking up the odd bit of silverware here and there along the way.
so basically the club is in a great position in the league and in a great position financially as well. Properly backed by an owner who quite clearly wants the club to succeed and, therefore, understands that good financial acumen and a stable club are very clearly the key. I'll take another 25-30 years in the top flight of English football over an cup competition any day. Mind you, I wouldn't mind picking up the odd bit of silverware here and there along the way. Stroppy_gramps
  • Score: 37

8:33am Mon 31 Mar 14

george chivers says...

These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club.

Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well.

But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.
These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club. Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well. But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this. george chivers
  • Score: 4

8:41am Mon 31 Mar 14

alanrr says...

george chivers wrote:
These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club.

Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well.

But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.
ramirez is and was quality on saturday
[quote][p][bold]george chivers[/bold] wrote: These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club. Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well. But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.[/p][/quote]ramirez is and was quality on saturday alanrr
  • Score: 46

8:41am Mon 31 Mar 14

jrod11 says...

Poch will have his agent touting his availability would you not think ? uts
Poch will have his agent touting his availability would you not think ? uts jrod11
  • Score: -51

8:44am Mon 31 Mar 14

alanrr says...

we have already proven what our academy can achieve so investment in that will produce a starting 11 one day soon
we have already proven what our academy can achieve so investment in that will produce a starting 11 one day soon alanrr
  • Score: 23

8:50am Mon 31 Mar 14

Seedhouse the Unrepentant says...

I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem. Seedhouse the Unrepentant
  • Score: 106

9:04am Mon 31 Mar 14

george chivers says...

alanrr wrote:
george chivers wrote:
These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club.

Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well.

But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.
ramirez is and was quality on saturday
He may have been quality on Saturday but overall he has been poor value for money. At the moment he has the motivation to play as well as he can so he can get into the Uruguayan squad for the WC. After that who knows? A good player but inconsistent.
[quote][p][bold]alanrr[/bold] wrote: [quote][p][bold]george chivers[/bold] wrote: These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club. Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well. But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.[/p][/quote]ramirez is and was quality on saturday[/p][/quote]He may have been quality on Saturday but overall he has been poor value for money. At the moment he has the motivation to play as well as he can so he can get into the Uruguayan squad for the WC. After that who knows? A good player but inconsistent. george chivers
  • Score: -18

9:11am Mon 31 Mar 14

george chivers says...

Seedhouse the Unrepentant wrote:
I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
Are you suggesting the extra £15M is a made up number or do you think it wasn't a fixed price contract to build Staplewood?
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.[/p][/quote]Are you suggesting the extra £15M is a made up number or do you think it wasn't a fixed price contract to build Staplewood? george chivers
  • Score: -6

9:16am Mon 31 Mar 14

jrod11 says...

Seedhouse the Unrepentant wrote:
I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
£15 m Extras ?
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.[/p][/quote]£15 m Extras ? jrod11
  • Score: -15

9:16am Mon 31 Mar 14

jrod11 says...

Seedhouse the Unrepentant wrote:
I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
£15 m Extras ?
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.[/p][/quote]£15 m Extras ? jrod11
  • Score: -17

9:21am Mon 31 Mar 14

Seedhouse the Unrepentant says...

George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.
George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites. Seedhouse the Unrepentant
  • Score: 9

9:24am Mon 31 Mar 14

Abbey Saint says...

Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold"
I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue? Abbey Saint
  • Score: 20

9:29am Mon 31 Mar 14

Alicesdad says...

The substance of these stories is nothing new, its just the first time it has been seen in any official documentation.

The commitment shown to putting together a "big league" board and management team shows everything I need to know. We are truly serious in maintaining and improiving our position. Just not at the risk of suicidal spending. I am encpouraged that we have a good grip on this.

The costs of running a succesful club at this level demand this level of expenditure, yet as Seedhouse has said, our investment isn't that great when you look athe Saturdays first team.

We must keep Gaston and make sure we offload the ineffective. Money from Osvaldo will be welcome.

The investment in the Academy isnt even the cost of a top world class player so any criticism of that would be foolish. That academy is producing several times that investment in return.

So what are the "difficulties"? I think there are definitely journalistic exaggerations in how this is presented.

I do however think it shows that we may not be in the market for "huge money" transfers, BUT I do believe we will be searcing globally to strengthen the squad and that there WILL be arrivals. I take players like Lovren Cork and Boruc as examples. There are excellent players out there - we may not spend like the looney element (i.e. the current top four) but I thoroughly expect us to be challenging for Europe next season.

So get a grip everyone !!
The substance of these stories is nothing new, its just the first time it has been seen in any official documentation. The commitment shown to putting together a "big league" board and management team shows everything I need to know. We are truly serious in maintaining and improiving our position. Just not at the risk of suicidal spending. I am encpouraged that we have a good grip on this. The costs of running a succesful club at this level demand this level of expenditure, yet as Seedhouse has said, our investment isn't that great when you look athe Saturdays first team. We must keep Gaston and make sure we offload the ineffective. Money from Osvaldo will be welcome. The investment in the Academy isnt even the cost of a top world class player so any criticism of that would be foolish. That academy is producing several times that investment in return. So what are the "difficulties"? I think there are definitely journalistic exaggerations in how this is presented. I do however think it shows that we may not be in the market for "huge money" transfers, BUT I do believe we will be searcing globally to strengthen the squad and that there WILL be arrivals. I take players like Lovren Cork and Boruc as examples. There are excellent players out there - we may not spend like the looney element (i.e. the current top four) but I thoroughly expect us to be challenging for Europe next season. So get a grip everyone !! Alicesdad
  • Score: 31

9:32am Mon 31 Mar 14

Seedhouse the Unrepentant says...

Abbey Saint wrote:
Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold"
I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.
[quote][p][bold]Abbey Saint[/bold] wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?[/p][/quote]The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down. Seedhouse the Unrepentant
  • Score: 6

9:34am Mon 31 Mar 14

Puddletown Saint says...

Broadcasting = Sky money
Match Day = Ticket sales
Commercial = Sponsorship

So where is prize money - not a small amount me think.
And remember these accounts are to 30 Jun 13.

I am reading between the lines but is the TV deal and 'prize money' no where near the media hype. Sure the figure was banded about as closer to 100M.

Could the DE do some real work and may be find these answers and may be compare to other clubs. Thank You. COYR.
Broadcasting = Sky money Match Day = Ticket sales Commercial = Sponsorship So where is prize money - not a small amount me think. And remember these accounts are to 30 Jun 13. I am reading between the lines but is the TV deal and 'prize money' no where near the media hype. Sure the figure was banded about as closer to 100M. Could the DE do some real work and may be find these answers and may be compare to other clubs. Thank You. COYR. Puddletown Saint
  • Score: 9

9:35am Mon 31 Mar 14

george chivers says...

Seedhouse the Unrepentant wrote:
George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.
Thanks.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.[/p][/quote]Thanks. george chivers
  • Score: 0

9:37am Mon 31 Mar 14

Abbey Saint says...

Agree with George Chivers on Ramirez. He was one of the first team visiting my granddaughter in hospital recently, and it struck me that he was an integral part of a very closely knit group of players. I hope he will stay and continue to improve and blossom into the world class player he can become.
Everyone adjusts to changes in life at a different pace. Sometimes the ones who take longer turn out to be the most successful.
Agree with George Chivers on Ramirez. He was one of the first team visiting my granddaughter in hospital recently, and it struck me that he was an integral part of a very closely knit group of players. I hope he will stay and continue to improve and blossom into the world class player he can become. Everyone adjusts to changes in life at a different pace. Sometimes the ones who take longer turn out to be the most successful. Abbey Saint
  • Score: 39

9:42am Mon 31 Mar 14

Abbey Saint says...

Seedhouse the Unrepentant wrote:
Abbey Saint wrote:
Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold"
I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.
Where does it suggest that? I may be missing something here, but I don't think any organisation ever says "never" , and I don't think Cortese did either.
My reading of what's coming out of St. Mary's has more to do with accountability than profit taking. Let's wait and see before we start criticising.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]Abbey Saint[/bold] wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?[/p][/quote]The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.[/p][/quote]Where does it suggest that? I may be missing something here, but I don't think any organisation ever says "never" , and I don't think Cortese did either. My reading of what's coming out of St. Mary's has more to do with accountability than profit taking. Let's wait and see before we start criticising. Abbey Saint
  • Score: 5

9:48am Mon 31 Mar 14

forestman says...

DE - Yes the costs for the traing ground have increased.

I do believe that you previously wrote that when the builders were working on the site they found "issues" with the indoor training dome which at the time were not in the plan to be re-built.

Due to these issues, the developement has increased in size to cover the new indoor facilities - hence some of the cost increase.
DE - Yes the costs for the traing ground have increased. I do believe that you previously wrote that when the builders were working on the site they found "issues" with the indoor training dome which at the time were not in the plan to be re-built. Due to these issues, the developement has increased in size to cover the new indoor facilities - hence some of the cost increase. forestman
  • Score: 7

9:52am Mon 31 Mar 14

jrod11 says...

It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts
It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts jrod11
  • Score: -19

10:10am Mon 31 Mar 14

Costa Baz says...

Seedhouse the Unrepentant wrote:
George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.
If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC?
These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there.
Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress.
Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation?
And during his period of notice, he would still have been ultimately responsible for the project and it's overspend.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.[/p][/quote]If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC? These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there. Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress. Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation? And during his period of notice, he would still have been ultimately responsible for the project and it's overspend. Costa Baz
  • Score: 4

10:13am Mon 31 Mar 14

alanrr says...

jrod11 wrote:
It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts
that has got to be our next big investment..........
2 tier st marys'......
[quote][p][bold]jrod11[/bold] wrote: It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts[/p][/quote]that has got to be our next big investment.......... 2 tier st marys'...... alanrr
  • Score: 1

10:25am Mon 31 Mar 14

OSPREYSAINT says...

I won't believe anything that has been said until Skating on Ice has had his say.

The Cost of Staplewood is more down to an increase in the price of materials and labour costs, low Interest Rates haven't helped or the so called triple dip recession and inflation or whatever it was called, I know little about finance and things.

Once it has been completed it will hopefully pay for itself.
I won't believe anything that has been said until Skating on Ice has had his say. The Cost of Staplewood is more down to an increase in the price of materials and labour costs, low Interest Rates haven't helped or the so called triple dip recession and inflation or whatever it was called, I know little about finance and things. Once it has been completed it will hopefully pay for itself. OSPREYSAINT
  • Score: 0

10:26am Mon 31 Mar 14

Clever Dick says...

Total EPL paymets for 2013/2014 are as follows:-
Basic payment £22.5 mil
Merit payment £14.6 mil
Live tv £13.1 mil
MOTD £3 mil
Overseas rights £32 mil
Total approx £82 mil
These figures are based on finishing 8th in the league.
Matchday income is not included so the figure is in excess of £100 mill
Surely the £30 million expenditure is a one off payment which Luke's transfer fee alone would cover. I'm not suggesting we should sell him but it's just an example of the very healthy state we are in.
I'd expect to see some ins and some outs in the close season but also expect the improvement to continue. Looking forward to next season already.
Total EPL paymets for 2013/2014 are as follows:- Basic payment £22.5 mil Merit payment £14.6 mil Live tv £13.1 mil MOTD £3 mil Overseas rights £32 mil Total approx £82 mil These figures are based on finishing 8th in the league. Matchday income is not included so the figure is in excess of £100 mill Surely the £30 million expenditure is a one off payment which Luke's transfer fee alone would cover. I'm not suggesting we should sell him but it's just an example of the very healthy state we are in. I'd expect to see some ins and some outs in the close season but also expect the improvement to continue. Looking forward to next season already. Clever Dick
  • Score: 16

10:27am Mon 31 Mar 14

Seedhouse the Unrepentant says...

Abbey Saint wrote:
Seedhouse the Unrepentant wrote:
Abbey Saint wrote:
Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold"
I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.
Where does it suggest that? I may be missing something here, but I don't think any organisation ever says "never" , and I don't think Cortese did either.
My reading of what's coming out of St. Mary's has more to do with accountability than profit taking. Let's wait and see before we start criticising.
I hear what you say and I'm not criticising. What I am saying is there is definitely a change in rhetoric and that can't be denied. Time will tell and I hope their is no change in ambition.
[quote][p][bold]Abbey Saint[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]Abbey Saint[/bold] wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?[/p][/quote]The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.[/p][/quote]Where does it suggest that? I may be missing something here, but I don't think any organisation ever says "never" , and I don't think Cortese did either. My reading of what's coming out of St. Mary's has more to do with accountability than profit taking. Let's wait and see before we start criticising.[/p][/quote]I hear what you say and I'm not criticising. What I am saying is there is definitely a change in rhetoric and that can't be denied. Time will tell and I hope their is no change in ambition. Seedhouse the Unrepentant
  • Score: 1

10:30am Mon 31 Mar 14

Costa Baz says...

Seedhouse the Unrepentant wrote:
Abbey Saint wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.
Didn't Cortese also say, back in the day, that the club must be able to live within it's means?
Like you, I loved NC's hard nosed attitude and his will to improve our club to heights, that even the most ardent supporters didn't think it possible, but just because the new chairman hasn't stated his case, in quite the same way, it doesn't automatically mean the dream is being watered down.
Whether we like it or not, football is a business and budgets have to be observed in all walks of life.
From what I have heard, from Krueger's interviews, he is striving to generate untapped commercial revenue that will enable us to keep our best players AND improve the team, which doesn't sound like the dream is being watered down.
Time will tell, but the latest interview with Luke Shaw paints a very happy picture.
And he's being quoted, in the Mirror, as saying how important it is for the club to secure the futures of all the young players being linked with other clubs, in order to keep improving.
Sounds like business as usual.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]Abbey Saint[/bold] wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?[/p][/quote]The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.[/p][/quote]Didn't Cortese also say, back in the day, that the club must be able to live within it's means? Like you, I loved NC's hard nosed attitude and his will to improve our club to heights, that even the most ardent supporters didn't think it possible, but just because the new chairman hasn't stated his case, in quite the same way, it doesn't automatically mean the dream is being watered down. Whether we like it or not, football is a business and budgets have to be observed in all walks of life. From what I have heard, from Krueger's interviews, he is striving to generate untapped commercial revenue that will enable us to keep our best players AND improve the team, which doesn't sound like the dream is being watered down. Time will tell, but the latest interview with Luke Shaw paints a very happy picture. And he's being quoted, in the Mirror, as saying how important it is for the club to secure the futures of all the young players being linked with other clubs, in order to keep improving. Sounds like business as usual. Costa Baz
  • Score: 8

10:34am Mon 31 Mar 14

Seedhouse the Unrepentant says...

Costa Baz wrote:
Seedhouse the Unrepentant wrote:
George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.
If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC?
These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there.
Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress.
Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation?
And during his period of notice, he would still have been ultimately responsible for the project and it's overspend.
Cortese was petulant, so once he was off he was off. A mate of mine tendered the refurb of corporate at SMS. He said Cortese changed his mind at each meeting and only became fully alert when penalty clauses were discussed. In the end he pulled out of the tender as he knew what was waiting. I believe Solent Interiors 'won' it.....

Some one said in the pub at the weekend - and I have absolutely no idea whether its true or not - that Cortese was having a house built and once he'd left the club he disappeared altogether. I have this mental image of a builder stood in a field with a shovel waiting for him to turn up :)
[quote][p][bold]Costa Baz[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.[/p][/quote]If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC? These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there. Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress. Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation? And during his period of notice, he would still have been ultimately responsible for the project and it's overspend.[/p][/quote]Cortese was petulant, so once he was off he was off. A mate of mine tendered the refurb of corporate at SMS. He said Cortese changed his mind at each meeting and only became fully alert when penalty clauses were discussed. In the end he pulled out of the tender as he knew what was waiting. I believe Solent Interiors 'won' it..... Some one said in the pub at the weekend - and I have absolutely no idea whether its true or not - that Cortese was having a house built and once he'd left the club he disappeared altogether. I have this mental image of a builder stood in a field with a shovel waiting for him to turn up :) Seedhouse the Unrepentant
  • Score: 2

10:36am Mon 31 Mar 14

Stroppy_gramps says...

for gods sake will you all just stop it?

we're in a great position and we don't NEED to sell anyone!
for gods sake will you all just stop it? we're in a great position and we don't NEED to sell anyone! Stroppy_gramps
  • Score: 14

10:42am Mon 31 Mar 14

OSPREYSAINT says...

Not sure if it is relevant but 9th place will get us £18,116,000 or better still 8th would get us £19,510,000 from the Premier League.
Not sure if it is relevant but 9th place will get us £18,116,000 or better still 8th would get us £19,510,000 from the Premier League. OSPREYSAINT
  • Score: 9

10:58am Mon 31 Mar 14

OSPREYSAINT says...

Stroppy_gramps wrote:
for gods sake will you all just stop it?

we're in a great position and we don't NEED to sell anyone!
We still need to bring in a couple of players to strengthen, as long as they are quality and compatible, rather than overpriced prima donnas, I won't complain. If we do have to sell to buy I will be a bit upset, but whatever is best for further success is fine by me.
[quote][p][bold]Stroppy_gramps[/bold] wrote: for gods sake will you all just stop it? we're in a great position and we don't NEED to sell anyone![/p][/quote]We still need to bring in a couple of players to strengthen, as long as they are quality and compatible, rather than overpriced prima donnas, I won't complain. If we do have to sell to buy I will be a bit upset, but whatever is best for further success is fine by me. OSPREYSAINT
  • Score: 3

10:59am Mon 31 Mar 14

Lone Ranger. says...

The £30 being spent on Staplewood, whilst it is money being spent .... it is an investment and is treated as an asset of the club and will be shown as that ...... In actual fact it will be asset that increases in value
The £30 being spent on Staplewood, whilst it is money being spent .... it is an investment and is treated as an asset of the club and will be shown as that ...... In actual fact it will be asset that increases in value Lone Ranger.
  • Score: 12

11:04am Mon 31 Mar 14

Tirau Dan says...

There is an awful lot of bs about.
I'd just like to say a massive thank you to the Liebherr Family for their investment and faith. The club means a lot to so many and I have faith they will take the club onward in a fashion that will make us all very proud.
Liverpool were 7th last year and are top at the moment.. if we can produce an improvement like that next year... wow. bet we can. COYR
There is an awful lot of bs about. I'd just like to say a massive thank you to the Liebherr Family for their investment and faith. The club means a lot to so many and I have faith they will take the club onward in a fashion that will make us all very proud. Liverpool were 7th last year and are top at the moment.. if we can produce an improvement like that next year... wow. bet we can. COYR Tirau Dan
  • Score: 22

11:06am Mon 31 Mar 14

Dave Juson says...

With all due respect to those who have contributed to this thread so far, may I observe that debating the financial competence of Nicola Cortese (or any other Saints’ related subject) on the facts as they are presented by the Southern Daily Echo, and by Adam Leitch in particular, is the equivalent of attempting to travel from East Boldre to Bombay Beach California by local bus services on a Christmas Day.
With all due respect to those who have contributed to this thread so far, may I observe that debating the financial competence of Nicola Cortese (or any other Saints’ related subject) on the facts as they are presented by the Southern Daily Echo, and by Adam Leitch in particular, is the equivalent of attempting to travel from East Boldre to Bombay Beach California by local bus services on a Christmas Day. Dave Juson
  • Score: 17

11:26am Mon 31 Mar 14

Confucious says...

Whilst it's obviously important to get the financial books in good order over the medium term, we also need to look at the 'value' of the club today, especially compared to the value when Markus arrived.

The family have put in £52 million, but the club is worth vastly more that now with it's Prem status, an acclaimed academy, a lot of very valuable young players on the books (now including four England internationals) and of course the state-of-the-art training ground which is a major and permanent asset on the books.

And even more encouraging and most important of all, Katherina has clearly become "a Saint's fan" - appearing regularly at matches and looking increasingly engaged, animated and emotionally involved with every visit.

With this backing and a prudent we are not going to face a cash flow crisis and the new board has time to better balance the trading account whilst continuing to build the value of the underlying asset.

Saints fans do need to be patient and understand that money isn't going to be thrown at the club as 'come 'n go' Arab princes and Russian oligarchs are often want to do - the Liebherr family doesn't work like that. But they do steadily and surely build sound world class businesses over the long term - and don't use them as 'playthings'. The training ground investment and commitment to the academy is a sure sign of this - the payback doesn't come in one or two seasons but over many years.

I think our club is in the best possible hands, but we do need to be patient and appreciative of steady progress. It may take a long time to get where we'd love to be, but that's more than fine when we consider for a moment exactly where we've come from.
Whilst it's obviously important to get the financial books in good order over the medium term, we also need to look at the 'value' of the club today, especially compared to the value when Markus arrived. The family have put in £52 million, but the club is worth vastly more that now with it's Prem status, an acclaimed academy, a lot of very valuable young players on the books (now including four England internationals) and of course the state-of-the-art training ground which is a major and permanent asset on the books. And even more encouraging and most important of all, Katherina has clearly become "a Saint's fan" - appearing regularly at matches and looking increasingly engaged, animated and emotionally involved with every visit. With this backing and a prudent we are not going to face a cash flow crisis and the new board has time to better balance the trading account whilst continuing to build the value of the underlying asset. Saints fans do need to be patient and understand that money isn't going to be thrown at the club as 'come 'n go' Arab princes and Russian oligarchs are often want to do - the Liebherr family doesn't work like that. But they do steadily and surely build sound world class businesses over the long term - and don't use them as 'playthings'. The training ground investment and commitment to the academy is a sure sign of this - the payback doesn't come in one or two seasons but over many years. I think our club is in the best possible hands, but we do need to be patient and appreciative of steady progress. It may take a long time to get where we'd love to be, but that's more than fine when we consider for a moment exactly where we've come from. Confucious
  • Score: 38

11:27am Mon 31 Mar 14

Jan28th1984 says...

In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.
In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13. Jan28th1984
  • Score: 8

11:28am Mon 31 Mar 14

kevmsmith81 says...

I would say it's very possible that the structure to these deals was one of the reasons for Cortese and the Liebherrs falling out in the way they did.

Still, there is much to be positive about and the investment in Staplewood is a very promising sign for the future of Southampton FC.
I would say it's very possible that the structure to these deals was one of the reasons for Cortese and the Liebherrs falling out in the way they did. Still, there is much to be positive about and the investment in Staplewood is a very promising sign for the future of Southampton FC. kevmsmith81
  • Score: 2

11:31am Mon 31 Mar 14

Clever Dick says...

Confucious wrote:
Whilst it's obviously important to get the financial books in good order over the medium term, we also need to look at the 'value' of the club today, especially compared to the value when Markus arrived.

The family have put in £52 million, but the club is worth vastly more that now with it's Prem status, an acclaimed academy, a lot of very valuable young players on the books (now including four England internationals) and of course the state-of-the-art training ground which is a major and permanent asset on the books.

And even more encouraging and most important of all, Katherina has clearly become "a Saint's fan" - appearing regularly at matches and looking increasingly engaged, animated and emotionally involved with every visit.

With this backing and a prudent we are not going to face a cash flow crisis and the new board has time to better balance the trading account whilst continuing to build the value of the underlying asset.

Saints fans do need to be patient and understand that money isn't going to be thrown at the club as 'come 'n go' Arab princes and Russian oligarchs are often want to do - the Liebherr family doesn't work like that. But they do steadily and surely build sound world class businesses over the long term - and don't use them as 'playthings'. The training ground investment and commitment to the academy is a sure sign of this - the payback doesn't come in one or two seasons but over many years.

I think our club is in the best possible hands, but we do need to be patient and appreciative of steady progress. It may take a long time to get where we'd love to be, but that's more than fine when we consider for a moment exactly where we've come from.
Wise words as usual. Onwards and upwards.
[quote][p][bold]Confucious[/bold] wrote: Whilst it's obviously important to get the financial books in good order over the medium term, we also need to look at the 'value' of the club today, especially compared to the value when Markus arrived. The family have put in £52 million, but the club is worth vastly more that now with it's Prem status, an acclaimed academy, a lot of very valuable young players on the books (now including four England internationals) and of course the state-of-the-art training ground which is a major and permanent asset on the books. And even more encouraging and most important of all, Katherina has clearly become "a Saint's fan" - appearing regularly at matches and looking increasingly engaged, animated and emotionally involved with every visit. With this backing and a prudent we are not going to face a cash flow crisis and the new board has time to better balance the trading account whilst continuing to build the value of the underlying asset. Saints fans do need to be patient and understand that money isn't going to be thrown at the club as 'come 'n go' Arab princes and Russian oligarchs are often want to do - the Liebherr family doesn't work like that. But they do steadily and surely build sound world class businesses over the long term - and don't use them as 'playthings'. The training ground investment and commitment to the academy is a sure sign of this - the payback doesn't come in one or two seasons but over many years. I think our club is in the best possible hands, but we do need to be patient and appreciative of steady progress. It may take a long time to get where we'd love to be, but that's more than fine when we consider for a moment exactly where we've come from.[/p][/quote]Wise words as usual. Onwards and upwards. Clever Dick
  • Score: 9

11:35am Mon 31 Mar 14

el caballo santos101 says...

Seedhouse the Unrepentant wrote:
I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
seed I think most of the extra £15mill was needed to completely disinfect staplewood after those fools thought they were clever by hiding a poopey shirt in a wall!

seriously though,
wasn't there a change in main contractors on the project. as someone else said the indoor dome was supposed to be part of the project, but it was found out during the works that they wouldn't be able to build onto/around it and so there was extra needed for demolition and construction. there was also the 2 week delay in works, which we were told was down to a spiral staircase, the contractors would then renegotiate the penalty clause timescale, more lawyers fees, and they would still need to be paid for the downtime if it was caused by the club/NC. then there is the addition of phase 2 of the project which includes 6 new pitches, floodlighting for 2 of the pitches, plenty of extra carparking and a new inflatable dome which has to be recessed by around 8ft. I don't know if the club already owned the extra land, to the south of the existing site, so that might add extra.

to be fair is there anything in this country that ever comes in on budget? Wembley, the dome, the chunnel, the jubilee line extension, the scottish parliament building etc. etc. all at least double the original estimate and, apart from the dome, all overtime. Wembley didn't even start until after the expected completion date and then overran its completion date over and over again, it wasn't completed until 2007!

we are not building a run of the mill training ground/academy, we are building one of the best in the country with the academy given a top class rating by the FA.
its relatively cheap as well, man city`s new training ground is going to cost between £50 and £100mill and that's just the estimates!
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.[/p][/quote]seed I think most of the extra £15mill was needed to completely disinfect staplewood after those fools thought they were clever by hiding a poopey shirt in a wall! seriously though, wasn't there a change in main contractors on the project. as someone else said the indoor dome was supposed to be part of the project, but it was found out during the works that they wouldn't be able to build onto/around it and so there was extra needed for demolition and construction. there was also the 2 week delay in works, which we were told was down to a spiral staircase, the contractors would then renegotiate the penalty clause timescale, more lawyers fees, and they would still need to be paid for the downtime if it was caused by the club/NC. then there is the addition of phase 2 of the project which includes 6 new pitches, floodlighting for 2 of the pitches, plenty of extra carparking and a new inflatable dome which has to be recessed by around 8ft. I don't know if the club already owned the extra land, to the south of the existing site, so that might add extra. to be fair is there anything in this country that ever comes in on budget? Wembley, the dome, the chunnel, the jubilee line extension, the scottish parliament building etc. etc. all at least double the original estimate and, apart from the dome, all overtime. Wembley didn't even start until after the expected completion date and then overran its completion date over and over again, it wasn't completed until 2007! we are not building a run of the mill training ground/academy, we are building one of the best in the country with the academy given a top class rating by the FA. its relatively cheap as well, man city`s new training ground is going to cost between £50 and £100mill and that's just the estimates! el caballo santos101
  • Score: 8

11:35am Mon 31 Mar 14

Clever Dick says...

Jan28th1984 wrote:
In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.
Do they need to supply figures? Somebody better tell them. It's no easy job cooking the books at short notice.
[quote][p][bold]Jan28th1984[/bold] wrote: In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.[/p][/quote]Do they need to supply figures? Somebody better tell them. It's no easy job cooking the books at short notice. Clever Dick
  • Score: 1

11:36am Mon 31 Mar 14

OSPREYSAINT says...

If we cannot succeed with amount of money that has been pumped into us, i.e. £57.3 million, how on earth are the other Clubs going to be able to cope and survive?
If we cannot succeed with amount of money that has been pumped into us, i.e. £57.3 million, how on earth are the other Clubs going to be able to cope and survive? OSPREYSAINT
  • Score: 1

11:37am Mon 31 Mar 14

Lone Ranger. says...

Lone Ranger. wrote:
The £30 being spent on Staplewood, whilst it is money being spent .... it is an investment and is treated as an asset of the club and will be shown as that ...... In actual fact it will be asset that increases in value
£30m .....
[quote][p][bold]Lone Ranger.[/bold] wrote: The £30 being spent on Staplewood, whilst it is money being spent .... it is an investment and is treated as an asset of the club and will be shown as that ...... In actual fact it will be asset that increases in value[/p][/quote]£30m ..... Lone Ranger.
  • Score: 2

11:51am Mon 31 Mar 14

SOULJACKER says...

Seedhouse the Unrepentant wrote:
George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.
I can just imagine all these subcontractors with their 'day works' sign off sheets :)
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.[/p][/quote]I can just imagine all these subcontractors with their 'day works' sign off sheets :) SOULJACKER
  • Score: 2

11:53am Mon 31 Mar 14

SaintJD says...

Seedhouse the Unrepentant wrote:
I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
Yep, which kind of flies in the face of the idea that we need to invest huge wads of cash to be seen as 'ambitious' enough.

Personally if we see an end to the Wanyama and Osvaldo style transfers I think that's a positive. Let's be flexible, but spending more than £10 million on a single player has got to be only in exceptional circumstances, we don't need to out spend ourselves.

The positive thing is that Osvaldo, as an Italian international, will for some reason still attract a decent fee.

I'm of the thinking that, while Gaston has begun to really flourish and convert his potential in the last few games I feel we'd still be best off selling and investing the money in a different area of the team.

Good to see the senior team reiterate that no players Mo Po wants will be sold and also great to see the board turning out en-mass for home games and looking like they are enjoying it. Might be PR, but I can't see why Katharina would bother with that unless she had a real affection for the club.

Proud times for the club with all our England boys absolutely shining. I'm beginning to really believe that we could have four players on that plane, because Rickie and J-Rod are soon going to be impossible to ignore.

The simple fact of the interplay and spirit between the Saints lads has got to be infectious and that can't have been missed by Roy. The team spirit and way they play for each other means they are making a good argument for a group pass to Brazil.

And how Cole can possibly be expected to go from zero games to getting up and down the pitch in tropical conditions is a big risk for Roy I think.

I doubt four will go, but if you were judging positions on form, energy, quality and spirit and listing those down against the options without looking at the crest on the shirts, you'd pick our lads every time.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.[/p][/quote]Yep, which kind of flies in the face of the idea that we need to invest huge wads of cash to be seen as 'ambitious' enough. Personally if we see an end to the Wanyama and Osvaldo style transfers I think that's a positive. Let's be flexible, but spending more than £10 million on a single player has got to be only in exceptional circumstances, we don't need to out spend ourselves. The positive thing is that Osvaldo, as an Italian international, will for some reason still attract a decent fee. I'm of the thinking that, while Gaston has begun to really flourish and convert his potential in the last few games I feel we'd still be best off selling and investing the money in a different area of the team. Good to see the senior team reiterate that no players Mo Po wants will be sold and also great to see the board turning out en-mass for home games and looking like they are enjoying it. Might be PR, but I can't see why Katharina would bother with that unless she had a real affection for the club. Proud times for the club with all our England boys absolutely shining. I'm beginning to really believe that we could have four players on that plane, because Rickie and J-Rod are soon going to be impossible to ignore. The simple fact of the interplay and spirit between the Saints lads has got to be infectious and that can't have been missed by Roy. The team spirit and way they play for each other means they are making a good argument for a group pass to Brazil. And how Cole can possibly be expected to go from zero games to getting up and down the pitch in tropical conditions is a big risk for Roy I think. I doubt four will go, but if you were judging positions on form, energy, quality and spirit and listing those down against the options without looking at the crest on the shirts, you'd pick our lads every time. SaintJD
  • Score: 9

11:54am Mon 31 Mar 14

notaclue says...

george chivers wrote:
These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club.

Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well.

But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.
In the same statment they also repeated that MoPo will not have to sell any player that he wants to keep!!
Look at how much debt ManUr are in and they are about to spend £200m in the summer.
KL is well in pocket by at least £50m but regrdless of all this I am convinced that we are in good hands. You should also not right off £30m spent on facilities in just one year, this is a long term poject and an asset.
I aso expect our shirt to stay red for commercial reasons.
[quote][p][bold]george chivers[/bold] wrote: These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club. Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well. But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.[/p][/quote]In the same statment they also repeated that MoPo will not have to sell any player that he wants to keep!! Look at how much debt ManUr are in and they are about to spend £200m in the summer. KL is well in pocket by at least £50m but regrdless of all this I am convinced that we are in good hands. You should also not right off £30m spent on facilities in just one year, this is a long term poject and an asset. I aso expect our shirt to stay red for commercial reasons. notaclue
  • Score: 3

11:58am Mon 31 Mar 14

SaintJD says...

By the way, don't most clubs owe money on transfers? I seem to remember us taking a long time getting money off some big Premiership clubs and I'm sure it would take far longer to get cash off Italian clubs if we were to sell Osvaldo this summer. Add in performance and appearance related add-ons and that soon stacks up.

£30 million is also a very small total when you take into account TV money and cash per position and, because of our league position, I'd expect us to command more TV coverage next season as well.
By the way, don't most clubs owe money on transfers? I seem to remember us taking a long time getting money off some big Premiership clubs and I'm sure it would take far longer to get cash off Italian clubs if we were to sell Osvaldo this summer. Add in performance and appearance related add-ons and that soon stacks up. £30 million is also a very small total when you take into account TV money and cash per position and, because of our league position, I'd expect us to command more TV coverage next season as well. SaintJD
  • Score: 1

12:00pm Mon 31 Mar 14

George4th says...

Sad to hear Hofstetter speak in such a way on Radio Solent. If that's a sign of his ongoing quotes then be prepared for a rough ride!

The club have intentionally moved forward the way they have knowing that the value of Saints had multiplied from the original £13.5 million investment and now enjoy Premier League/Sky Money too!! The books reflect a truer value of the club and this was always known, hence the additional investment.

And that's without the player value that has increased enormously under Cortese!

Looks to me like an an attempt to smear Cortese.

It more strange because the new CEO was the Chief Financial Officer from 2011!
Sad to hear Hofstetter speak in such a way on Radio Solent. If that's a sign of his ongoing quotes then be prepared for a rough ride! The club have intentionally moved forward the way they have knowing that the value of Saints had multiplied from the original £13.5 million investment and now enjoy Premier League/Sky Money too!! The books reflect a truer value of the club and this was always known, hence the additional investment. And that's without the player value that has increased enormously under Cortese! Looks to me like an an attempt to smear Cortese. It more strange because the new CEO was the Chief Financial Officer from 2011! George4th
  • Score: 0

12:06pm Mon 31 Mar 14

OSPREYSAINT says...

How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest!
How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest! OSPREYSAINT
  • Score: 54

12:06pm Mon 31 Mar 14

SaintJD says...

notaclue wrote:
george chivers wrote:
These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club.

Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well.

But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.
In the same statment they also repeated that MoPo will not have to sell any player that he wants to keep!!
Look at how much debt ManUr are in and they are about to spend £200m in the summer.
KL is well in pocket by at least £50m but regrdless of all this I am convinced that we are in good hands. You should also not right off £30m spent on facilities in just one year, this is a long term poject and an asset.
I aso expect our shirt to stay red for commercial reasons.
On the subject of shirts when you look at the 2012 shirts in hindsight they were probably even more red than the new ones, with ridiculously small excuses for stripes, but for some reason NC got away with those ones. I think they'll go back to stripes, but as the new chairman suggested, not in a traditional way. I'd advise him to stay away from the crest though - someone needs to advise him about football fans and club crests.
[quote][p][bold]notaclue[/bold] wrote: [quote][p][bold]george chivers[/bold] wrote: These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club. Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well. But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.[/p][/quote]In the same statment they also repeated that MoPo will not have to sell any player that he wants to keep!! Look at how much debt ManUr are in and they are about to spend £200m in the summer. KL is well in pocket by at least £50m but regrdless of all this I am convinced that we are in good hands. You should also not right off £30m spent on facilities in just one year, this is a long term poject and an asset. I aso expect our shirt to stay red for commercial reasons.[/p][/quote]On the subject of shirts when you look at the 2012 shirts in hindsight they were probably even more red than the new ones, with ridiculously small excuses for stripes, but for some reason NC got away with those ones. I think they'll go back to stripes, but as the new chairman suggested, not in a traditional way. I'd advise him to stay away from the crest though - someone needs to advise him about football fans and club crests. SaintJD
  • Score: 0

12:15pm Mon 31 Mar 14

el caballo santos101 says...

was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan?
now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?
was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan? now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong? el caballo santos101
  • Score: 5

12:21pm Mon 31 Mar 14

Positively4thStreet says...

OSPREYSAINT wrote:
How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest!
I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese.
Even if its justified,its a little distasteful to say the least.
[quote][p][bold]OSPREYSAINT[/bold] wrote: How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest![/p][/quote]I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese. Even if its justified,its a little distasteful to say the least. Positively4thStreet
  • Score: 2

12:24pm Mon 31 Mar 14

OSPREYSAINT says...

Positively4thStreet wrote:
OSPREYSAINT wrote:
How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest!
I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese.
Even if its justified,its a little distasteful to say the least.
I think you would be surprised how many think that way, for reasons of their own.
[quote][p][bold]Positively4thStreet[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest![/p][/quote]I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese. Even if its justified,its a little distasteful to say the least.[/p][/quote]I think you would be surprised how many think that way, for reasons of their own. OSPREYSAINT
  • Score: -2

12:25pm Mon 31 Mar 14

el caballo santos101 says...

SaintJD wrote:
By the way, don't most clubs owe money on transfers? I seem to remember us taking a long time getting money off some big Premiership clubs and I'm sure it would take far longer to get cash off Italian clubs if we were to sell Osvaldo this summer. Add in performance and appearance related add-ons and that soon stacks up.

£30 million is also a very small total when you take into account TV money and cash per position and, because of our league position, I'd expect us to command more TV coverage next season as well.
transfer fees are usually paid over the length of the players contract with an up front fee being part of it. the loan that the club took out was so that they could pay off transfer fee debts earlier with smaller interest fees and so saving the club money.
transfer fees being paid like this is the reason that poopey got into so much trouble, still having to pay for big money transfers on championship and L!/L2 income. they took a huge gamble on being able to fund the transfers on 17-21k gates, and on less sky money. it didn't work because they spent way too much!
[quote][p][bold]SaintJD[/bold] wrote: By the way, don't most clubs owe money on transfers? I seem to remember us taking a long time getting money off some big Premiership clubs and I'm sure it would take far longer to get cash off Italian clubs if we were to sell Osvaldo this summer. Add in performance and appearance related add-ons and that soon stacks up. £30 million is also a very small total when you take into account TV money and cash per position and, because of our league position, I'd expect us to command more TV coverage next season as well.[/p][/quote]transfer fees are usually paid over the length of the players contract with an up front fee being part of it. the loan that the club took out was so that they could pay off transfer fee debts earlier with smaller interest fees and so saving the club money. transfer fees being paid like this is the reason that poopey got into so much trouble, still having to pay for big money transfers on championship and L!/L2 income. they took a huge gamble on being able to fund the transfers on 17-21k gates, and on less sky money. it didn't work because they spent way too much! el caballo santos101
  • Score: 2

12:30pm Mon 31 Mar 14

jrod11 says...

alanrr wrote:
jrod11 wrote:
It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts
that has got to be our next big investment..........

2 tier st marys'......
That would be impressive and put us on par with some of the bigger clubs, just imagine 50,000 at every home game. uts
[quote][p][bold]alanrr[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts[/p][/quote]that has got to be our next big investment.......... 2 tier st marys'......[/p][/quote]That would be impressive and put us on par with some of the bigger clubs, just imagine 50,000 at every home game. uts jrod11
  • Score: -11

12:31pm Mon 31 Mar 14

Positively4thStreet says...

OSPREYSAINT wrote:
Positively4thStreet wrote:
OSPREYSAINT wrote:
How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest!
I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese.
Even if its justified,its a little distasteful to say the least.
I think you would be surprised how many think that way, for reasons of their own.
Well it doesn't look as though we need to be worried on that score,they've more or less said in not so many words that the Liebherr money will keep us afloat.Thank our lucky stars it wasn't SISU money that bailed us out.
[quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Positively4thStreet[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest![/p][/quote]I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese. Even if its justified,its a little distasteful to say the least.[/p][/quote]I think you would be surprised how many think that way, for reasons of their own.[/p][/quote]Well it doesn't look as though we need to be worried on that score,they've more or less said in not so many words that the Liebherr money will keep us afloat.Thank our lucky stars it wasn't SISU money that bailed us out. Positively4thStreet
  • Score: 1

12:35pm Mon 31 Mar 14

killared says...

People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it !
People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it ! killared
  • Score: -8

12:49pm Mon 31 Mar 14

Skating on thin ice says...

el caballo santos101 wrote:
was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan?
now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?
Here I am caballo! Fresh from a morning in the reading room at Companies House!

Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium.

to quote from the article:
" A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. "

Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?
[quote][p][bold]el caballo santos101[/bold] wrote: was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan? now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?[/p][/quote]Here I am caballo! Fresh from a morning in the reading room at Companies House! Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium. to quote from the article: " A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. " Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh? Skating on thin ice
  • Score: -12

12:50pm Mon 31 Mar 14

Skating on thin ice says...

el caballo santos101 wrote:
was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan?
now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?
Here I am caballo! Fresh from a morning in the reading room at Companies House!

Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium.

to quote from the article:
" A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. "

Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?
[quote][p][bold]el caballo santos101[/bold] wrote: was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan? now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?[/p][/quote]Here I am caballo! Fresh from a morning in the reading room at Companies House! Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium. to quote from the article: " A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. " Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh? Skating on thin ice
  • Score: -10

1:02pm Mon 31 Mar 14

promised land says...

jrod11 wrote:
It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts
Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football.
[quote][p][bold]jrod11[/bold] wrote: It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts[/p][/quote]Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football. promised land
  • Score: 0

1:08pm Mon 31 Mar 14

S Pance says...

Look at it from the point of view that Staplewood is still cheaper than one Wayne Rooney and which would we rather have? A world class training facility for the future or a single player past his prime?

In Kat we trust!
Look at it from the point of view that Staplewood is still cheaper than one Wayne Rooney and which would we rather have? A world class training facility for the future or a single player past his prime? In Kat we trust! S Pance
  • Score: 6

1:11pm Mon 31 Mar 14

OSPREYSAINT says...

Skating on thin ice wrote:
el caballo santos101 wrote:
was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan?
now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?
Here I am caballo! Fresh from a morning in the reading room at Companies House!

Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium.

to quote from the article:
" A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. "

Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?
Nobody denied anything, wasn't it a speeded up loan to cover the purchase of a player because of the intransigence of the selling Club, which may have prevented us from completing the deal without money up front? It seemed it was paid off quickly anyhow, so why is that a cause for concern now? Could have gone to Wonga I suppose, think of the interest that would have required! You seem good at reading betweeen the lines but not good at finding out the actual facts. Could have gone the Skate way and ended up with the Club in admin yet again.
[quote][p][bold]Skating on thin ice[/bold] wrote: [quote][p][bold]el caballo santos101[/bold] wrote: was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan? now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?[/p][/quote]Here I am caballo! Fresh from a morning in the reading room at Companies House! Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium. to quote from the article: " A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. " Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?[/p][/quote]Nobody denied anything, wasn't it a speeded up loan to cover the purchase of a player because of the intransigence of the selling Club, which may have prevented us from completing the deal without money up front? It seemed it was paid off quickly anyhow, so why is that a cause for concern now? Could have gone to Wonga I suppose, think of the interest that would have required! You seem good at reading betweeen the lines but not good at finding out the actual facts. Could have gone the Skate way and ended up with the Club in admin yet again. OSPREYSAINT
  • Score: 1

1:14pm Mon 31 Mar 14

OSPREYSAINT says...

Skating on thin ice wrote:
el caballo santos101 wrote:
was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan?
now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?
Here I am caballo! Fresh from a morning in the reading room at Companies House!

Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium.

to quote from the article:
" A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. "

Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?
How much time did you spend in Companies House researching the past, present and future of Portsmouth FC? Have they a secured future?
[quote][p][bold]Skating on thin ice[/bold] wrote: [quote][p][bold]el caballo santos101[/bold] wrote: was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan? now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?[/p][/quote]Here I am caballo! Fresh from a morning in the reading room at Companies House! Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium. to quote from the article: " A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. " Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?[/p][/quote]How much time did you spend in Companies House researching the past, present and future of Portsmouth FC? Have they a secured future? OSPREYSAINT
  • Score: 4

1:14pm Mon 31 Mar 14

jrod11 says...

promised land wrote:
jrod11 wrote:
It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts
Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football.
Who needs them ? How many did we take to Wembley when we won the JP Trophy ? uts
[quote][p][bold]promised land[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts[/p][/quote]Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football.[/p][/quote]Who needs them ? How many did we take to Wembley when we won the JP Trophy ? uts jrod11
  • Score: -5

1:15pm Mon 31 Mar 14

OSPREYSAINT says...

killared wrote:
People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it !
He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance.
[quote][p][bold]killared[/bold] wrote: People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it ![/p][/quote]He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance. OSPREYSAINT
  • Score: 0

1:18pm Mon 31 Mar 14

worried of n e hampshire says...

jrod11 wrote:
promised land wrote:
jrod11 wrote:
It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts
Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football.
Who needs them ? How many did we take to Wembley when we won the JP Trophy ? uts
we don't want St Marys ending up like a fishmongers on a hot day - close the M27 on match days!!!!
[quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]promised land[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts[/p][/quote]Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football.[/p][/quote]Who needs them ? How many did we take to Wembley when we won the JP Trophy ? uts[/p][/quote]we don't want St Marys ending up like a fishmongers on a hot day - close the M27 on match days!!!! worried of n e hampshire
  • Score: 3

1:22pm Mon 31 Mar 14

el caballo santos101 says...

Skating on thin ice wrote:
el caballo santos101 wrote:
was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan?
now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?
Here I am caballo! Fresh from a morning in the reading room at Companies House!

Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium.

to quote from the article:
" A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. "

Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?
Ms Liebher didn't pay because she wasn't the `owner` at the time. the club was still under the Markus Liebherr estate which was controlled by NC!
you could put the need for the loan in that way but then having no money to pay debts is what your used to, being a poopey fan.
you could also say that transfer payments, which are paid over the length of players contracts, have interest added to them and if a club is able to pay back 2-3 years payments in one go it reduces the amount they would have to pay in total. sound financial sense wouldn't you say. to give you a good example of this, we sold theo for a fee of £5 million, rising to £12 million depending on appearances for club and country. The original fee was payable by instalments – £5 million down, £5 million based on club appearances and £2 million based on England appearances – but was revised to a total of £9.1 million by a compromise settlement. so arsenal paid less by paying a lump sum (which we needed at the time) instead of instalments. so the loan that saints took was so that we would pay less in total. I have no proof of the `mortgage` either way but if true then it makes perfect sense, how else do you think a club would take a loan? it wouldn't be against future sky payments because at the time we were not safe from relegation, and you will know what happens to a clubs finances after relegation and the reduced sky money. the parachute payments from sky would have been earmarked for wages. there is also no chance of securing a loan against future player sales. so a small loan secure against the asset of the club is a sensible way of doing business.
that differs from your club, where the owner, whoever that was at the time, took out a loan against the club which it couldn't pay, so agent channers had no option but to `reposes` the club! a club he then couldn't sell because of its huge debts! are you still paying agent channers for the stadium? or the council for the loan? what about the `presidents`? are they looking for a return on their investment yet? and what happens when you are relegated? will your club have to go into administration again because your whole budget and finances are based on your involvement in the football league? I think you should worry more about your own club and not on a prem club with healthy finances!
[quote][p][bold]Skating on thin ice[/bold] wrote: [quote][p][bold]el caballo santos101[/bold] wrote: was it `skating on (relegation from the football league) thin ice` who kept telling us that we were in big trouble because of the loan that was taken out in the british virgin islands, didn't he keep questioning the need for the loan? didn't he keep telling us that we must be broke if we needed the loan? now the reason for the loan has been announced (who thought that would happen) and it was a way of saving the club money by paying off debts earlier with reduced interest payments. so where is the wise one now? has he run out of webbed fingers to do the maths on, or is he hiding because everything he kept on telling us has been proven to be wrong?[/p][/quote]Here I am caballo! Fresh from a morning in the reading room at Companies House! Where are all the people on here who tried to deny that the Vibrac loan ever existed? And it's more than just a loan remember; instead of taking an ordinary bank loan or asking Ms Liebherr for funds to ease the cash flow, they turned to Vibrac of the BVI; and to receive the money the club had to give Vibrac a charge over the St Mary's Stadium. to quote from the article: " A £5.6m loan was taken out in September 2012 to enable the club to take advantage of a lower transfer instalment payment by paying earlier, and so reduce overall cash outflows and liabilities. " Let's rephrase that a little. "A transfer payment of £5.6M fell due, and the club did not have enough money to pay it. To avoid having to pay a penalty interest charge, the decision was taken to mortgage the ground to the Vibrac corporation of the British Virgin Islands". There, that sounds a little less optimistic eh?[/p][/quote]Ms Liebher didn't pay because she wasn't the `owner` at the time. the club was still under the Markus Liebherr estate which was controlled by NC! you could put the need for the loan in that way but then having no money to pay debts is what your used to, being a poopey fan. you could also say that transfer payments, which are paid over the length of players contracts, have interest added to them and if a club is able to pay back 2-3 years payments in one go it reduces the amount they would have to pay in total. sound financial sense wouldn't you say. to give you a good example of this, we sold theo for a fee of £5 million, rising to £12 million depending on appearances for club and country. The original fee was payable by instalments – £5 million down, £5 million based on club appearances and £2 million based on England appearances – but was revised to a total of £9.1 million by a compromise settlement. so arsenal paid less by paying a lump sum (which we needed at the time) instead of instalments. so the loan that saints took was so that we would pay less in total. I have no proof of the `mortgage` either way but if true then it makes perfect sense, how else do you think a club would take a loan? it wouldn't be against future sky payments because at the time we were not safe from relegation, and you will know what happens to a clubs finances after relegation and the reduced sky money. the parachute payments from sky would have been earmarked for wages. there is also no chance of securing a loan against future player sales. so a small loan secure against the asset of the club is a sensible way of doing business. that differs from your club, where the owner, whoever that was at the time, took out a loan against the club which it couldn't pay, so agent channers had no option but to `reposes` the club! a club he then couldn't sell because of its huge debts! are you still paying agent channers for the stadium? or the council for the loan? what about the `presidents`? are they looking for a return on their investment yet? and what happens when you are relegated? will your club have to go into administration again because your whole budget and finances are based on your involvement in the football league? I think you should worry more about your own club and not on a prem club with healthy finances! el caballo santos101
  • Score: 7

1:26pm Mon 31 Mar 14

Saintsayer II says...

As I see it £64m debt £90m income plus the fee for Danii boy Mr McCawber would be well happy

What we now need to see is further investment in quality players That is the bench mark that will show if the Cortese project is alive, postponed or dead in the water
As I see it £64m debt £90m income plus the fee for Danii boy Mr McCawber would be well happy What we now need to see is further investment in quality players That is the bench mark that will show if the Cortese project is alive, postponed or dead in the water Saintsayer II
  • Score: 1

1:30pm Mon 31 Mar 14

killared says...

OSPREYSAINT wrote:
killared wrote:
People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it !
He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance.
Hahahaha Poor Dani I still can't believe people arrow me down for telling the truth !
[quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]killared[/bold] wrote: People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it ![/p][/quote]He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance.[/p][/quote]Hahahaha Poor Dani I still can't believe people arrow me down for telling the truth ! killared
  • Score: -1

1:46pm Mon 31 Mar 14

jrod11 says...

worried of n e hampshire wrote:
jrod11 wrote:
promised land wrote:
jrod11 wrote:
It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts
Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football.
Who needs them ? How many did we take to Wembley when we won the JP Trophy ? uts
we don't want St Marys ending up like a fishmongers on a hot day - close the M27 on match days!!!!
Too right.. But we must have had 60,000 for the JP final and surely there were not 30,000 Glory Hunters that day.
[quote][p][bold]worried of n e hampshire[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]promised land[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: It is a great shame we don't already have a 50,000 + capacity to generate extra income. uts[/p][/quote]Don't worry it's coming. Once the demise of pFC is complete. The extra 8000 pFC fans will turn to Saints to watch Premier League Football.[/p][/quote]Who needs them ? How many did we take to Wembley when we won the JP Trophy ? uts[/p][/quote]we don't want St Marys ending up like a fishmongers on a hot day - close the M27 on match days!!!![/p][/quote]Too right.. But we must have had 60,000 for the JP final and surely there were not 30,000 Glory Hunters that day. jrod11
  • Score: -7

1:47pm Mon 31 Mar 14

el caballo santos101 says...

killared wrote:
OSPREYSAINT wrote:
killared wrote:
People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it !
He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance.
Hahahaha Poor Dani I still can't believe people arrow me down for telling the truth !
sorry killared but its not `the truth` at all, its your opinion! maybe theres a bit lost in translation but for it to be `the truth` it would needed to have happened, as of yet it hasn't. I don't know what we will sell Dani for, unless its for the agreed fee with inter, and none of us will know until he is sold. you can say what you think he is worth so can others and you might not agree and you might not like others opinions, they are all opinions though.
[quote][p][bold]killared[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]killared[/bold] wrote: People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it ![/p][/quote]He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance.[/p][/quote]Hahahaha Poor Dani I still can't believe people arrow me down for telling the truth ![/p][/quote]sorry killared but its not `the truth` at all, its your opinion! maybe theres a bit lost in translation but for it to be `the truth` it would needed to have happened, as of yet it hasn't. I don't know what we will sell Dani for, unless its for the agreed fee with inter, and none of us will know until he is sold. you can say what you think he is worth so can others and you might not agree and you might not like others opinions, they are all opinions though. el caballo santos101
  • Score: -1

1:56pm Mon 31 Mar 14

saintbobby says...

South Today reported these figures but also said there were no plans to sell any players. Let's just pray that is right and that no one wants to leave. The main one, Luke Shaw, seems continually to emphasise he is happy as is the team. So, very delighted with this.

Not so happy though was watching Jay's second goal fly in so brilliantly and then watch the fans behind the goal, leap out of their seats to cheer. Now this is something about which I can only dream. These days, by the time I got out of my seat everyone would be sitting down again! What's more my shoulder is giving me big gip today. Never mind, 4-0 cheered me immensely.

Some 55 years cheering the Saints somehow seemed very worthwhile after watching Match of the Day! Well done, lads.
South Today reported these figures but also said there were no plans to sell any players. Let's just pray that is right and that no one wants to leave. The main one, Luke Shaw, seems continually to emphasise he is happy as is the team. So, very delighted with this. Not so happy though was watching Jay's second goal fly in so brilliantly and then watch the fans behind the goal, leap out of their seats to cheer. Now this is something about which I can only dream. These days, by the time I got out of my seat everyone would be sitting down again! What's more my shoulder is giving me big gip today. Never mind, 4-0 cheered me immensely. Some 55 years cheering the Saints somehow seemed very worthwhile after watching Match of the Day! Well done, lads. saintbobby
  • Score: 7

2:00pm Mon 31 Mar 14

F Fan says...

What a load of nonsense being talked on here. For example, nonsense to suggest that the actual cost of Staplewood compared with the original projection was due to extras or a couple of weeks stoppage, poor management or whatever. Quite clear that the scope of the project changed over time - not at all an unusual occurrence.

Nonsense too that the financial results are somehow a worry: Profits up before player transfers to £8.7m; overall loss has nearly halved (to £6.6 million before interest and tax). Most importantly in terms of future financial health, wages to turnover ratio plummeted to 65% from 102% last year (although the reference to removing exceptional bonus items might mean this is not comparing apples and with apples); improving net current asset position - net liabilities down to £1.6m from £32.4m in 2012. Without looking at the accounts themselves, I can’t see what the cash flow position was and that is an important matter.

And 2013/14 will have brought significant increase in income while costs are unlikely to have increased as much.
Also nonsense to suggest that any financial problems played a part on Cortes’s departure. Remember at the time KL said she wanted him to stay.

WUM comments are to be expected. The rest of you should know better.
What a load of nonsense being talked on here. For example, nonsense to suggest that the actual cost of Staplewood compared with the original projection was due to extras or a couple of weeks stoppage, poor management or whatever. Quite clear that the scope of the project changed over time - not at all an unusual occurrence. Nonsense too that the financial results are somehow a worry: Profits up before player transfers to £8.7m; overall loss has nearly halved (to £6.6 million before interest and tax). Most importantly in terms of future financial health, wages to turnover ratio plummeted to 65% from 102% last year (although the reference to removing exceptional bonus items might mean this is not comparing apples and with apples); improving net current asset position - net liabilities down to £1.6m from £32.4m in 2012. Without looking at the accounts themselves, I can’t see what the cash flow position was and that is an important matter. And 2013/14 will have brought significant increase in income while costs are unlikely to have increased as much. Also nonsense to suggest that any financial problems played a part on Cortes’s departure. Remember at the time KL said she wanted him to stay. WUM comments are to be expected. The rest of you should know better. F Fan
  • Score: 7

2:17pm Mon 31 Mar 14

killared says...

el caballo santos101 wrote:
killared wrote:
OSPREYSAINT wrote:
killared wrote:
People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it !
He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance.
Hahahaha Poor Dani I still can't believe people arrow me down for telling the truth !
sorry killared but its not `the truth` at all, its your opinion! maybe theres a bit lost in translation but for it to be `the truth` it would needed to have happened, as of yet it hasn't. I don't know what we will sell Dani for, unless its for the agreed fee with inter, and none of us will know until he is sold. you can say what you think he is worth so can others and you might not agree and you might not like others opinions, they are all opinions though.
Yeah you right ! He'll be back with us in the summer but that guy lost his place anyway Lambert and Gallagher are the one to play up front. The club won't gain any money for him they need to be prepare to make a massive loss and you really think that Inter would buy him for 20 million when they are trying to build a new team with new blood ahahah They have Icardi and Palacio who are doing alright ! 20 million for that guy really nope !
[quote][p][bold]el caballo santos101[/bold] wrote: [quote][p][bold]killared[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]killared[/bold] wrote: People on here really think Osvaldo will go for 20 million hahahahaha not a chance after the world cup if he'll be back with us there's no way a team would spend that amount of money on the 29 year old ! We could sale him but the club will make a great loss he's true value is 7 up 8 million and that's it ![/p][/quote]He was rubbish for Juventus on Sunday and threw a tantrum after being subbed for an inept performance.[/p][/quote]Hahahaha Poor Dani I still can't believe people arrow me down for telling the truth ![/p][/quote]sorry killared but its not `the truth` at all, its your opinion! maybe theres a bit lost in translation but for it to be `the truth` it would needed to have happened, as of yet it hasn't. I don't know what we will sell Dani for, unless its for the agreed fee with inter, and none of us will know until he is sold. you can say what you think he is worth so can others and you might not agree and you might not like others opinions, they are all opinions though.[/p][/quote]Yeah you right ! He'll be back with us in the summer but that guy lost his place anyway Lambert and Gallagher are the one to play up front. The club won't gain any money for him they need to be prepare to make a massive loss and you really think that Inter would buy him for 20 million when they are trying to build a new team with new blood ahahah They have Icardi and Palacio who are doing alright ! 20 million for that guy really nope ! killared
  • Score: -3

2:23pm Mon 31 Mar 14

jrod11 says...

The Skate wum who calls himself eastsidemush on a non football related story on here should feel ashamed of himself.
The Skate wum who calls himself eastsidemush on a non football related story on here should feel ashamed of himself. jrod11
  • Score: -11

2:35pm Mon 31 Mar 14

Costa Baz says...

On another note, interesting to see the reporter, in the Mirror, describe Jack Cork as "The most underrated English player in the country".

His time is coming and I expect him to get a call up from Roy, after the WC.
On another note, interesting to see the reporter, in the Mirror, describe Jack Cork as "The most underrated English player in the country". His time is coming and I expect him to get a call up from Roy, after the WC. Costa Baz
  • Score: 7

2:37pm Mon 31 Mar 14

SaintJD says...

Positively4thStreet wrote:
OSPREYSAINT wrote:
How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest!
I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese.
Even if its justified,its a little distasteful to say the least.
I thought they were being interviewed about our financial results? In which case they needed to explain the figures and also make it clear to any stakeholders and market people that they won't be working in the same way going forward. I'd say that's fair.

I think that, regardless, we're just waiting to see what they do with our manager before we make a decision on our leadership to be honest.

A huge amount rests on that I think. It's not the difference between OK or doom, in the sense that the club will still exist and do OK either way, but in terms of ambition and stepping up to the next level, it is everything.

Luke has basically hinted that, if the manager stays and we commit to keeping our players and adding a few he would probably be happy.

The difficulty for the board is that the demands of the manager and the players don't actually seem, in public, to be that high and do match the rhetoric they've been using for stepping up a level.

So, if they don't keep this team together there will be big questions to ask.

The complication comes though if MP and any players are, in reality, open to offers from elsewhere regardless of what we offer them.

If so they have the perfect cover to justify walking away.

I hope though that they'll all value the spirit they've built up and be excited to try taking this project all the way with the aim of European football at the end of next season.

Liverpool are doing it with a similar philosophy and I think we can too if we stick with it.
[quote][p][bold]Positively4thStreet[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest![/p][/quote]I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese. Even if its justified,its a little distasteful to say the least.[/p][/quote]I thought they were being interviewed about our financial results? In which case they needed to explain the figures and also make it clear to any stakeholders and market people that they won't be working in the same way going forward. I'd say that's fair. I think that, regardless, we're just waiting to see what they do with our manager before we make a decision on our leadership to be honest. A huge amount rests on that I think. It's not the difference between OK or doom, in the sense that the club will still exist and do OK either way, but in terms of ambition and stepping up to the next level, it is everything. Luke has basically hinted that, if the manager stays and we commit to keeping our players and adding a few he would probably be happy. The difficulty for the board is that the demands of the manager and the players don't actually seem, in public, to be that high and do match the rhetoric they've been using for stepping up a level. So, if they don't keep this team together there will be big questions to ask. The complication comes though if MP and any players are, in reality, open to offers from elsewhere regardless of what we offer them. If so they have the perfect cover to justify walking away. I hope though that they'll all value the spirit they've built up and be excited to try taking this project all the way with the aim of European football at the end of next season. Liverpool are doing it with a similar philosophy and I think we can too if we stick with it. SaintJD
  • Score: 2

2:54pm Mon 31 Mar 14

lowe esteem says...

Jan28th1984 wrote:
In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.
You can as soon as you like, I have retained the fag packet.
[quote][p][bold]Jan28th1984[/bold] wrote: In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.[/p][/quote]You can as soon as you like, I have retained the fag packet. lowe esteem
  • Score: 2

2:57pm Mon 31 Mar 14

OSPREYSAINT says...

SaintJD wrote:
Positively4thStreet wrote:
OSPREYSAINT wrote:
How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest!
I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese.
Even if its justified,its a little distasteful to say the least.
I thought they were being interviewed about our financial results? In which case they needed to explain the figures and also make it clear to any stakeholders and market people that they won't be working in the same way going forward. I'd say that's fair.

I think that, regardless, we're just waiting to see what they do with our manager before we make a decision on our leadership to be honest.

A huge amount rests on that I think. It's not the difference between OK or doom, in the sense that the club will still exist and do OK either way, but in terms of ambition and stepping up to the next level, it is everything.

Luke has basically hinted that, if the manager stays and we commit to keeping our players and adding a few he would probably be happy.

The difficulty for the board is that the demands of the manager and the players don't actually seem, in public, to be that high and do match the rhetoric they've been using for stepping up a level.

So, if they don't keep this team together there will be big questions to ask.

The complication comes though if MP and any players are, in reality, open to offers from elsewhere regardless of what we offer them.

If so they have the perfect cover to justify walking away.

I hope though that they'll all value the spirit they've built up and be excited to try taking this project all the way with the aim of European football at the end of next season.

Liverpool are doing it with a similar philosophy and I think we can too if we stick with it.
Liverpools last quoted loss was £45.1 million.
[quote][p][bold]SaintJD[/bold] wrote: [quote][p][bold]Positively4thStreet[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest![/p][/quote]I don't think anyone thinks we're in any way remotely doomed,it just appears to be an uncalled for "Tory Lib Dem look what we've inherited !" type sideswipe at Cortese. Even if its justified,its a little distasteful to say the least.[/p][/quote]I thought they were being interviewed about our financial results? In which case they needed to explain the figures and also make it clear to any stakeholders and market people that they won't be working in the same way going forward. I'd say that's fair. I think that, regardless, we're just waiting to see what they do with our manager before we make a decision on our leadership to be honest. A huge amount rests on that I think. It's not the difference between OK or doom, in the sense that the club will still exist and do OK either way, but in terms of ambition and stepping up to the next level, it is everything. Luke has basically hinted that, if the manager stays and we commit to keeping our players and adding a few he would probably be happy. The difficulty for the board is that the demands of the manager and the players don't actually seem, in public, to be that high and do match the rhetoric they've been using for stepping up a level. So, if they don't keep this team together there will be big questions to ask. The complication comes though if MP and any players are, in reality, open to offers from elsewhere regardless of what we offer them. If so they have the perfect cover to justify walking away. I hope though that they'll all value the spirit they've built up and be excited to try taking this project all the way with the aim of European football at the end of next season. Liverpool are doing it with a similar philosophy and I think we can too if we stick with it.[/p][/quote]Liverpools last quoted loss was £45.1 million. OSPREYSAINT
  • Score: -1

3:00pm Mon 31 Mar 14

OSPREYSAINT says...

Wouldn't Staplewood be paid for as it progresses rather than a one payment when it is completed?
Wouldn't Staplewood be paid for as it progresses rather than a one payment when it is completed? OSPREYSAINT
  • Score: 2

3:05pm Mon 31 Mar 14

jrod11 says...

OSPREYSAINT wrote:
Wouldn't Staplewood be paid for as it progresses rather than a one payment when it is completed?
That would make sense.
[quote][p][bold]OSPREYSAINT[/bold] wrote: Wouldn't Staplewood be paid for as it progresses rather than a one payment when it is completed?[/p][/quote]That would make sense. jrod11
  • Score: -8

3:34pm Mon 31 Mar 14

OSPREYSAINT says...

lowe esteem wrote:
Jan28th1984 wrote:
In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.
You can as soon as you like, I have retained the fag packet.
Keep hold of it, it may be worth more than the Skates equity.
[quote][p][bold]lowe esteem[/bold] wrote: [quote][p][bold]Jan28th1984[/bold] wrote: In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.[/p][/quote]You can as soon as you like, I have retained the fag packet.[/p][/quote]Keep hold of it, it may be worth more than the Skates equity. OSPREYSAINT
  • Score: 2

3:35pm Mon 31 Mar 14

OSPREYSAINT says...

jrod11 wrote:
OSPREYSAINT wrote:
Wouldn't Staplewood be paid for as it progresses rather than a one payment when it is completed?
That would make sense.
Common sense isn't one of our strengths.
[quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: Wouldn't Staplewood be paid for as it progresses rather than a one payment when it is completed?[/p][/quote]That would make sense.[/p][/quote]Common sense isn't one of our strengths. OSPREYSAINT
  • Score: 1

3:49pm Mon 31 Mar 14

JasperAG says...

Couple of bits. The £15 million to £30 million for the training ground includes the farm extension announced last year AND it includes the unexpected cost of tearing down and rebuilding the dome, which virtually collapsed when the buildings around it were taken down. The original cost of £15 million was just the new main building, carpark, pitches and stand.

Regards the amount owed on transfers, it's a lot less than most European Competition level clubs. The only slight concern is that quite a lot is owed in the next 12 months, which is unusually high compared to the total figure but the shorter payment terms were necessary to become the preferred bidder with Roma and Celtic. Side note. Despite having over £100 million of cash in the bank, Arsenal are still paying for Mesut Özil in installments.

Cortese obviously spent future money, and it's proven by the league position that this was a fair call. Within that there are obvious errors (Osvaldo, Forren, Mayuka, not buying Michu) but also some good calls, too (Fonte, Lambert, Rodriguez, Davies, Lovren, not buying Buttner). It's a shame that it only works out 50% of the time, but if the player is already proven to be good, they we can't get them. At least you have a asset you can resell, Forren wasn't a 100% loss.

Of course this is a little bit of PR as the accounts have to be published by law. You take it as a good opportunity to temper the prices/expectations of other clubs as the summer dealings start to wind up, set some summer expectations for fans and reaffirm that the Liebherrs have invested a lot of money into our club and the progress will continue.

For the summer the playing squad will need to be moved forward. We do need another striker (though I think JRod can ultimately lead the line and Gallagher and Seager might be viable to, longer term). We do need another midfielder as an alternative to Davies (Reed and Rowe coming up), and a proven centre back (I think Chambers could be a very good centre back). I'd like to see Matty Targett tried in a few games at left back with Luke on the left of midfield and JR upfront in the middle. But this won't happen with the World Cup on the horizon.

Retention is key and though we could cope for a season getting our ducks in a row, MoPo and the best players will want to see the squad being progressed.

We won't have aap3 next season as the shirt deal will be at least £5m a season and they can't afford it. This alone will almost doubling our commercial revenue. I think aap3 should try and do a training shirt deal for £500,000 per season.

Just for some comment elsewhere as I don't post too often. I like the current kit (except the gold), the socks make it look very stripey and I don't like the Sunderland/Stoke/Sou
thampton stripes. Not good for shirt sales compared to a plain top. Even Barcelona's shirt sales drop when they go stripey.

I also think we should sell the training ground and stadium naming rights. Though I think we'll be seeing a legends name on the training ground.
Couple of bits. The £15 million to £30 million for the training ground includes the farm extension announced last year AND it includes the unexpected cost of tearing down and rebuilding the dome, which virtually collapsed when the buildings around it were taken down. The original cost of £15 million was just the new main building, carpark, pitches and stand. Regards the amount owed on transfers, it's a lot less than most European Competition level clubs. The only slight concern is that quite a lot is owed in the next 12 months, which is unusually high compared to the total figure but the shorter payment terms were necessary to become the preferred bidder with Roma and Celtic. Side note. Despite having over £100 million of cash in the bank, Arsenal are still paying for Mesut Özil in installments. Cortese obviously spent future money, and it's proven by the league position that this was a fair call. Within that there are obvious errors (Osvaldo, Forren, Mayuka, not buying Michu) but also some good calls, too (Fonte, Lambert, Rodriguez, Davies, Lovren, not buying Buttner). It's a shame that it only works out 50% of the time, but if the player is already proven to be good, they we can't get them. At least you have a asset you can resell, Forren wasn't a 100% loss. Of course this is a little bit of PR as the accounts have to be published by law. You take it as a good opportunity to temper the prices/expectations of other clubs as the summer dealings start to wind up, set some summer expectations for fans and reaffirm that the Liebherrs have invested a lot of money into our club and the progress will continue. For the summer the playing squad will need to be moved forward. We do need another striker (though I think JRod can ultimately lead the line and Gallagher and Seager might be viable to, longer term). We do need another midfielder as an alternative to Davies (Reed and Rowe coming up), and a proven centre back (I think Chambers could be a very good centre back). I'd like to see Matty Targett tried in a few games at left back with Luke on the left of midfield and JR upfront in the middle. But this won't happen with the World Cup on the horizon. Retention is key and though we could cope for a season getting our ducks in a row, MoPo and the best players will want to see the squad being progressed. We won't have aap3 next season as the shirt deal will be at least £5m a season and they can't afford it. This alone will almost doubling our commercial revenue. I think aap3 should try and do a training shirt deal for £500,000 per season. Just for some comment elsewhere as I don't post too often. I like the current kit (except the gold), the socks make it look very stripey and I don't like the Sunderland/Stoke/Sou thampton stripes. Not good for shirt sales compared to a plain top. Even Barcelona's shirt sales drop when they go stripey. I also think we should sell the training ground and stadium naming rights. Though I think we'll be seeing a legends name on the training ground. JasperAG
  • Score: 10

4:19pm Mon 31 Mar 14

St.Ray says...

plastic_fantastic wrote:
Thank you DE for showing a negative twist on a positive season Saints are having. Now how about giving us all a laugh and publish Portsmouth FC accounts....
The DE is only reporting facts. But the chances are you would not be able to read or understand a balance sheet unless some-one, like the DE, tried to explain it to you in the most simple & basic terms
[quote][p][bold]plastic_fantastic[/bold] wrote: Thank you DE for showing a negative twist on a positive season Saints are having. Now how about giving us all a laugh and publish Portsmouth FC accounts....[/p][/quote]The DE is only reporting facts. But the chances are you would not be able to read or understand a balance sheet unless some-one, like the DE, tried to explain it to you in the most simple & basic terms St.Ray
  • Score: -4

5:04pm Mon 31 Mar 14

Seedhouse the Unrepentant says...

F Fan wrote:
What a load of nonsense being talked on here. For example, nonsense to suggest that the actual cost of Staplewood compared with the original projection was due to extras or a couple of weeks stoppage, poor management or whatever. Quite clear that the scope of the project changed over time - not at all an unusual occurrence.

Nonsense too that the financial results are somehow a worry: Profits up before player transfers to £8.7m; overall loss has nearly halved (to £6.6 million before interest and tax). Most importantly in terms of future financial health, wages to turnover ratio plummeted to 65% from 102% last year (although the reference to removing exceptional bonus items might mean this is not comparing apples and with apples); improving net current asset position - net liabilities down to £1.6m from £32.4m in 2012. Without looking at the accounts themselves, I can’t see what the cash flow position was and that is an important matter.

And 2013/14 will have brought significant increase in income while costs are unlikely to have increased as much.
Also nonsense to suggest that any financial problems played a part on Cortes’s departure. Remember at the time KL said she wanted him to stay.

WUM comments are to be expected. The rest of you should know better.
F Fan the cost doubled from £15m to £30m, if that's due to a change in scope - 'can we have some more training pitches and a new dome please' - that's still 'extras' in construction speak.

You will remember the so called 'crisis talks' between NC and KL last summer, which were supposedly sorted amicably but as stated at the time these things have a habit of coming back and they did. We don't know, and probably never will, but it seems reasonable to assume that they didn't share the same 'vision' and eventually this led to a parting of the ways. Which is why I've speculated, and that's all it is, they we've reigned in our Champions League ambitions.

Personally I'm happy to wait for more academy production line products to emerge until we have an entire squad full rather than buying top class players. But my view doesn't matter. What does matter is whether MoPo is happy with that, as it does seem that the key to keeping the players we have is based on him staying.

Football is a tough business. It's chicken and egg with growing revenue and investing in the team. If you look at the increased revenue of the top sides you can see the investment in the teams came first which lead to greater success on the pitch which in turn led to increased gates, international shirt sales etc. All I know is I'm glad it's not my money!

COYR
[quote][p][bold]F Fan[/bold] wrote: What a load of nonsense being talked on here. For example, nonsense to suggest that the actual cost of Staplewood compared with the original projection was due to extras or a couple of weeks stoppage, poor management or whatever. Quite clear that the scope of the project changed over time - not at all an unusual occurrence. Nonsense too that the financial results are somehow a worry: Profits up before player transfers to £8.7m; overall loss has nearly halved (to £6.6 million before interest and tax). Most importantly in terms of future financial health, wages to turnover ratio plummeted to 65% from 102% last year (although the reference to removing exceptional bonus items might mean this is not comparing apples and with apples); improving net current asset position - net liabilities down to £1.6m from £32.4m in 2012. Without looking at the accounts themselves, I can’t see what the cash flow position was and that is an important matter. And 2013/14 will have brought significant increase in income while costs are unlikely to have increased as much. Also nonsense to suggest that any financial problems played a part on Cortes’s departure. Remember at the time KL said she wanted him to stay. WUM comments are to be expected. The rest of you should know better.[/p][/quote]F Fan the cost doubled from £15m to £30m, if that's due to a change in scope - 'can we have some more training pitches and a new dome please' - that's still 'extras' in construction speak. You will remember the so called 'crisis talks' between NC and KL last summer, which were supposedly sorted amicably but as stated at the time these things have a habit of coming back and they did. We don't know, and probably never will, but it seems reasonable to assume that they didn't share the same 'vision' and eventually this led to a parting of the ways. Which is why I've speculated, and that's all it is, they we've reigned in our Champions League ambitions. Personally I'm happy to wait for more academy production line products to emerge until we have an entire squad full rather than buying top class players. But my view doesn't matter. What does matter is whether MoPo is happy with that, as it does seem that the key to keeping the players we have is based on him staying. Football is a tough business. It's chicken and egg with growing revenue and investing in the team. If you look at the increased revenue of the top sides you can see the investment in the teams came first which lead to greater success on the pitch which in turn led to increased gates, international shirt sales etc. All I know is I'm glad it's not my money! COYR Seedhouse the Unrepentant
  • Score: 0

5:07pm Mon 31 Mar 14

jasons odd says...

I think we will be OK ....but thats it .....Just OK

I dont think there will be anymore talk from the hierarchy about -
-champions league football
-progressing

I think we will be hearing more phrases like
-balancing the books
-self sustainability

Sad really
I think we will be OK ....but thats it .....Just OK I dont think there will be anymore talk from the hierarchy about - -champions league football -progressing I think we will be hearing more phrases like -balancing the books -self sustainability Sad really jasons odd
  • Score: 4

5:12pm Mon 31 Mar 14

Epsom Saint says...

JasperAG wrote:
Couple of bits. The £15 million to £30 million for the training ground includes the farm extension announced last year AND it includes the unexpected cost of tearing down and rebuilding the dome, which virtually collapsed when the buildings around it were taken down. The original cost of £15 million was just the new main building, carpark, pitches and stand.

Regards the amount owed on transfers, it's a lot less than most European Competition level clubs. The only slight concern is that quite a lot is owed in the next 12 months, which is unusually high compared to the total figure but the shorter payment terms were necessary to become the preferred bidder with Roma and Celtic. Side note. Despite having over £100 million of cash in the bank, Arsenal are still paying for Mesut Özil in installments.

Cortese obviously spent future money, and it's proven by the league position that this was a fair call. Within that there are obvious errors (Osvaldo, Forren, Mayuka, not buying Michu) but also some good calls, too (Fonte, Lambert, Rodriguez, Davies, Lovren, not buying Buttner). It's a shame that it only works out 50% of the time, but if the player is already proven to be good, they we can't get them. At least you have a asset you can resell, Forren wasn't a 100% loss.

Of course this is a little bit of PR as the accounts have to be published by law. You take it as a good opportunity to temper the prices/expectations of other clubs as the summer dealings start to wind up, set some summer expectations for fans and reaffirm that the Liebherrs have invested a lot of money into our club and the progress will continue.

For the summer the playing squad will need to be moved forward. We do need another striker (though I think JRod can ultimately lead the line and Gallagher and Seager might be viable to, longer term). We do need another midfielder as an alternative to Davies (Reed and Rowe coming up), and a proven centre back (I think Chambers could be a very good centre back). I'd like to see Matty Targett tried in a few games at left back with Luke on the left of midfield and JR upfront in the middle. But this won't happen with the World Cup on the horizon.

Retention is key and though we could cope for a season getting our ducks in a row, MoPo and the best players will want to see the squad being progressed.

We won't have aap3 next season as the shirt deal will be at least £5m a season and they can't afford it. This alone will almost doubling our commercial revenue. I think aap3 should try and do a training shirt deal for £500,000 per season.

Just for some comment elsewhere as I don't post too often. I like the current kit (except the gold), the socks make it look very stripey and I don't like the Sunderland/Stoke/Sou

thampton stripes. Not good for shirt sales compared to a plain top. Even Barcelona's shirt sales drop when they go stripey.

I also think we should sell the training ground and stadium naming rights. Though I think we'll be seeing a legends name on the training ground.
Good post, thanks.
[quote][p][bold]JasperAG[/bold] wrote: Couple of bits. The £15 million to £30 million for the training ground includes the farm extension announced last year AND it includes the unexpected cost of tearing down and rebuilding the dome, which virtually collapsed when the buildings around it were taken down. The original cost of £15 million was just the new main building, carpark, pitches and stand. Regards the amount owed on transfers, it's a lot less than most European Competition level clubs. The only slight concern is that quite a lot is owed in the next 12 months, which is unusually high compared to the total figure but the shorter payment terms were necessary to become the preferred bidder with Roma and Celtic. Side note. Despite having over £100 million of cash in the bank, Arsenal are still paying for Mesut Özil in installments. Cortese obviously spent future money, and it's proven by the league position that this was a fair call. Within that there are obvious errors (Osvaldo, Forren, Mayuka, not buying Michu) but also some good calls, too (Fonte, Lambert, Rodriguez, Davies, Lovren, not buying Buttner). It's a shame that it only works out 50% of the time, but if the player is already proven to be good, they we can't get them. At least you have a asset you can resell, Forren wasn't a 100% loss. Of course this is a little bit of PR as the accounts have to be published by law. You take it as a good opportunity to temper the prices/expectations of other clubs as the summer dealings start to wind up, set some summer expectations for fans and reaffirm that the Liebherrs have invested a lot of money into our club and the progress will continue. For the summer the playing squad will need to be moved forward. We do need another striker (though I think JRod can ultimately lead the line and Gallagher and Seager might be viable to, longer term). We do need another midfielder as an alternative to Davies (Reed and Rowe coming up), and a proven centre back (I think Chambers could be a very good centre back). I'd like to see Matty Targett tried in a few games at left back with Luke on the left of midfield and JR upfront in the middle. But this won't happen with the World Cup on the horizon. Retention is key and though we could cope for a season getting our ducks in a row, MoPo and the best players will want to see the squad being progressed. We won't have aap3 next season as the shirt deal will be at least £5m a season and they can't afford it. This alone will almost doubling our commercial revenue. I think aap3 should try and do a training shirt deal for £500,000 per season. Just for some comment elsewhere as I don't post too often. I like the current kit (except the gold), the socks make it look very stripey and I don't like the Sunderland/Stoke/Sou thampton stripes. Not good for shirt sales compared to a plain top. Even Barcelona's shirt sales drop when they go stripey. I also think we should sell the training ground and stadium naming rights. Though I think we'll be seeing a legends name on the training ground.[/p][/quote]Good post, thanks. Epsom Saint
  • Score: 2

5:13pm Mon 31 Mar 14

Clever Dick says...

Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club. Clever Dick
  • Score: 13

5:15pm Mon 31 Mar 14

jasons odd says...

I also believe this is the reason for parting company with cortese.

Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football .

I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club
I also believe this is the reason for parting company with cortese. Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football . I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club jasons odd
  • Score: -1

5:16pm Mon 31 Mar 14

jrod11 says...

jasons odd wrote:
I think we will be OK ....but thats it .....Just OK

I dont think there will be anymore talk from the hierarchy about -
-champions league football
-progressing

I think we will be hearing more phrases like
-balancing the books
-self sustainability

Sad really
Looks like it . uts
[quote][p][bold]jasons odd[/bold] wrote: I think we will be OK ....but thats it .....Just OK I dont think there will be anymore talk from the hierarchy about - -champions league football -progressing I think we will be hearing more phrases like -balancing the books -self sustainability Sad really[/p][/quote]Looks like it . uts jrod11
  • Score: -5

5:20pm Mon 31 Mar 14

jrod11 says...

Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Have you banged your head Dick ?
[quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Have you banged your head Dick ? jrod11
  • Score: -12

5:34pm Mon 31 Mar 14

jrod11 says...

Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you ok Dick ?
[quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you ok Dick ? jrod11
  • Score: -8

5:40pm Mon 31 Mar 14

el caballo santos101 says...

jasons odd wrote:
I also believe this is the reason for parting company with cortese.

Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football .

I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club
or it could also be that NC liked the control he had over the club whilst it was still `owned` by the Markus Liebherr estate, he was in affect his own boss. however the club then passed into the hands of KL and she might have wanted more of a say in how the club was spending her money, who wouldn't! KL may want to fulfil her fathers dreams of making the club a big player in world football, but may want to take a couple of more years to get to that level.
NC thought of saints as `his baby` and might not have wanted to hand some of his `parental` controls over, rumour at the time was that KL wanted to install a full board to run the club with NC as chairman and her as a board member and he didn't want a board. since he has left we have seen a full board installed with KL as a board member. KL stated that she didn't want NC to leave so perhaps she was happy with his `vision`.
we might never know why NC left, but I never thought we would find out anything about the loan that had skating on thin ice peeing his pants, but we have and it looks a good deal.
[quote][p][bold]jasons odd[/bold] wrote: I also believe this is the reason for parting company with cortese. Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football . I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club[/p][/quote]or it could also be that NC liked the control he had over the club whilst it was still `owned` by the Markus Liebherr estate, he was in affect his own boss. however the club then passed into the hands of KL and she might have wanted more of a say in how the club was spending her money, who wouldn't! KL may want to fulfil her fathers dreams of making the club a big player in world football, but may want to take a couple of more years to get to that level. NC thought of saints as `his baby` and might not have wanted to hand some of his `parental` controls over, rumour at the time was that KL wanted to install a full board to run the club with NC as chairman and her as a board member and he didn't want a board. since he has left we have seen a full board installed with KL as a board member. KL stated that she didn't want NC to leave so perhaps she was happy with his `vision`. we might never know why NC left, but I never thought we would find out anything about the loan that had skating on thin ice peeing his pants, but we have and it looks a good deal. el caballo santos101
  • Score: -1

5:42pm Mon 31 Mar 14

jrod11 says...

Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
[quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ? jrod11
  • Score: -8

5:46pm Mon 31 Mar 14

Seedhouse the Unrepentant says...

jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.
[quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead. Seedhouse the Unrepentant
  • Score: 11

5:47pm Mon 31 Mar 14

ctsaint says...

Seedhouse the Unrepentant wrote:
I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
Quick question, if you've been involved in construction for 30 years and not seen anything like this......let's take one example Wembley Stadium......there are score more with over runs of similar magnitude .

I think this financial statement is a diplomatic explanation of the differences between NC and KL.

It's feasible that with the proven success of the youth in our squad a decision to upscale an already first class development was made mid project. The work at staple wood stopped at some point as I recall a couple of years ago, perhaps that's when the spec was changed and the new contract price agreed.

Not even NC could randomly spend twice the agreed amount and hide it......
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.[/p][/quote]Quick question, if you've been involved in construction for 30 years and not seen anything like this......let's take one example Wembley Stadium......there are score more with over runs of similar magnitude . I think this financial statement is a diplomatic explanation of the differences between NC and KL. It's feasible that with the proven success of the youth in our squad a decision to upscale an already first class development was made mid project. The work at staple wood stopped at some point as I recall a couple of years ago, perhaps that's when the spec was changed and the new contract price agreed. Not even NC could randomly spend twice the agreed amount and hide it...... ctsaint
  • Score: 2

5:52pm Mon 31 Mar 14

jrod11 says...

Seedhouse the Unrepentant wrote:
jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.
Let skate Dick answer for himself whoever you are muppet.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.[/p][/quote]Let skate Dick answer for himself whoever you are muppet. jrod11
  • Score: -10

5:56pm Mon 31 Mar 14

angus mc coatup says...

el caballo santos101 wrote:
jasons odd wrote:
I also believe this is the reason for parting company with cortese.

Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football .

I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club
or it could also be that NC liked the control he had over the club whilst it was still `owned` by the Markus Liebherr estate, he was in affect his own boss. however the club then passed into the hands of KL and she might have wanted more of a say in how the club was spending her money, who wouldn't! KL may want to fulfil her fathers dreams of making the club a big player in world football, but may want to take a couple of more years to get to that level.
NC thought of saints as `his baby` and might not have wanted to hand some of his `parental` controls over, rumour at the time was that KL wanted to install a full board to run the club with NC as chairman and her as a board member and he didn't want a board. since he has left we have seen a full board installed with KL as a board member. KL stated that she didn't want NC to leave so perhaps she was happy with his `vision`.
we might never know why NC left, but I never thought we would find out anything about the loan that had skating on thin ice peeing his pants, but we have and it looks a good deal.
That's the way I see it El caballo, but I'd much rather be a self sustaining mid table club, than a near the bottom of league 2 struggling, skint, liquidation flirting, tax dodging, cheating, charity thieving, delusional pile of sh!t like some clubs I know.....
[quote][p][bold]el caballo santos101[/bold] wrote: [quote][p][bold]jasons odd[/bold] wrote: I also believe this is the reason for parting company with cortese. Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football . I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club[/p][/quote]or it could also be that NC liked the control he had over the club whilst it was still `owned` by the Markus Liebherr estate, he was in affect his own boss. however the club then passed into the hands of KL and she might have wanted more of a say in how the club was spending her money, who wouldn't! KL may want to fulfil her fathers dreams of making the club a big player in world football, but may want to take a couple of more years to get to that level. NC thought of saints as `his baby` and might not have wanted to hand some of his `parental` controls over, rumour at the time was that KL wanted to install a full board to run the club with NC as chairman and her as a board member and he didn't want a board. since he has left we have seen a full board installed with KL as a board member. KL stated that she didn't want NC to leave so perhaps she was happy with his `vision`. we might never know why NC left, but I never thought we would find out anything about the loan that had skating on thin ice peeing his pants, but we have and it looks a good deal.[/p][/quote]That's the way I see it El caballo, but I'd much rather be a self sustaining mid table club, than a near the bottom of league 2 struggling, skint, liquidation flirting, tax dodging, cheating, charity thieving, delusional pile of sh!t like some clubs I know..... angus mc coatup
  • Score: 7

6:00pm Mon 31 Mar 14

Clever Dick says...

Seedhouse the Unrepentant wrote:
jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.
I'll second that. A nice win by Northampton and another win on the same day as the skunts lose and that should do the trick. Hopefully they get to play against 11 in all their remaining games.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.[/p][/quote]I'll second that. A nice win by Northampton and another win on the same day as the skunts lose and that should do the trick. Hopefully they get to play against 11 in all their remaining games. Clever Dick
  • Score: 4

6:03pm Mon 31 Mar 14

angus mc coatup says...

jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
Are you a Dick, Skate ?
[quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]Are you a Dick, Skate ? angus mc coatup
  • Score: 15

6:11pm Mon 31 Mar 14

jrod11 says...

Seedhouse the Unrepentant wrote:
jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.
You are an obvious skate seedhouse the unrepentant and fool nobody.uts
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.[/p][/quote]You are an obvious skate seedhouse the unrepentant and fool nobody.uts jrod11
  • Score: -10

6:15pm Mon 31 Mar 14

Seedhouse the Unrepentant says...

jrod11 wrote:
Seedhouse the Unrepentant wrote:
jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.
You are an obvious skate seedhouse the unrepentant and fool nobody.uts
Bugger, he's blown my cover!

Play up Pompey, Pompey play up....
[quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.[/p][/quote]You are an obvious skate seedhouse the unrepentant and fool nobody.uts[/p][/quote]Bugger, he's blown my cover! Play up Pompey, Pompey play up.... Seedhouse the Unrepentant
  • Score: 11

6:15pm Mon 31 Mar 14

jrod11 says...

angus mc coatup wrote:
el caballo santos101 wrote:
jasons odd wrote:
I also believe this is the reason for parting company with cortese.

Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football .

I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club
or it could also be that NC liked the control he had over the club whilst it was still `owned` by the Markus Liebherr estate, he was in affect his own boss. however the club then passed into the hands of KL and she might have wanted more of a say in how the club was spending her money, who wouldn't! KL may want to fulfil her fathers dreams of making the club a big player in world football, but may want to take a couple of more years to get to that level.
NC thought of saints as `his baby` and might not have wanted to hand some of his `parental` controls over, rumour at the time was that KL wanted to install a full board to run the club with NC as chairman and her as a board member and he didn't want a board. since he has left we have seen a full board installed with KL as a board member. KL stated that she didn't want NC to leave so perhaps she was happy with his `vision`.
we might never know why NC left, but I never thought we would find out anything about the loan that had skating on thin ice peeing his pants, but we have and it looks a good deal.
That's the way I see it El caballo, but I'd much rather be a self sustaining mid table club, than a near the bottom of league 2 struggling, skint, liquidation flirting, tax dodging, cheating, charity thieving, delusional pile of sh!t like some clubs I know.....
Well said angus.
[quote][p][bold]angus mc coatup[/bold] wrote: [quote][p][bold]el caballo santos101[/bold] wrote: [quote][p][bold]jasons odd[/bold] wrote: I also believe this is the reason for parting company with cortese. Cortese wanted Saints to achieve something ...To push on , invest , win trophies , gain champion league football . I believe Ms Liebherr doesn't share these ambitions , and sees Saints as a self sustaining mid table club[/p][/quote]or it could also be that NC liked the control he had over the club whilst it was still `owned` by the Markus Liebherr estate, he was in affect his own boss. however the club then passed into the hands of KL and she might have wanted more of a say in how the club was spending her money, who wouldn't! KL may want to fulfil her fathers dreams of making the club a big player in world football, but may want to take a couple of more years to get to that level. NC thought of saints as `his baby` and might not have wanted to hand some of his `parental` controls over, rumour at the time was that KL wanted to install a full board to run the club with NC as chairman and her as a board member and he didn't want a board. since he has left we have seen a full board installed with KL as a board member. KL stated that she didn't want NC to leave so perhaps she was happy with his `vision`. we might never know why NC left, but I never thought we would find out anything about the loan that had skating on thin ice peeing his pants, but we have and it looks a good deal.[/p][/quote]That's the way I see it El caballo, but I'd much rather be a self sustaining mid table club, than a near the bottom of league 2 struggling, skint, liquidation flirting, tax dodging, cheating, charity thieving, delusional pile of sh!t like some clubs I know.....[/p][/quote]Well said angus. jrod11
  • Score: 0

6:19pm Mon 31 Mar 14

jrod11 says...

Seedhouse the Unrepentant wrote:
jrod11 wrote:
Seedhouse the Unrepentant wrote:
jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.
You are an obvious skate seedhouse the unrepentant and fool nobody.uts
Bugger, he's blown my cover!

Play up Pompey, Pompey play up....
Its so obvious fishboy ! uts
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.[/p][/quote]You are an obvious skate seedhouse the unrepentant and fool nobody.uts[/p][/quote]Bugger, he's blown my cover! Play up Pompey, Pompey play up....[/p][/quote]Its so obvious fishboy ! uts jrod11
  • Score: -11

6:19pm Mon 31 Mar 14

notaclue says...

SaintJD wrote:
notaclue wrote:
george chivers wrote:
These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club.

Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well.

But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.
In the same statment they also repeated that MoPo will not have to sell any player that he wants to keep!!
Look at how much debt ManUr are in and they are about to spend £200m in the summer.
KL is well in pocket by at least £50m but regrdless of all this I am convinced that we are in good hands. You should also not right off £30m spent on facilities in just one year, this is a long term poject and an asset.
I aso expect our shirt to stay red for commercial reasons.
On the subject of shirts when you look at the 2012 shirts in hindsight they were probably even more red than the new ones, with ridiculously small excuses for stripes, but for some reason NC got away with those ones. I think they'll go back to stripes, but as the new chairman suggested, not in a traditional way. I'd advise him to stay away from the crest though - someone needs to advise him about football fans and club crests.
Red and gold colours go down well in Asia and this is seen as a big growth market where everyone thinks that wearing red and gold brings good luck and fortune, red shirt gold badge is a financial decision, I sure Cardiff changed to red for this reason as well.
[quote][p][bold]SaintJD[/bold] wrote: [quote][p][bold]notaclue[/bold] wrote: [quote][p][bold]george chivers[/bold] wrote: These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club. Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well. But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.[/p][/quote]In the same statment they also repeated that MoPo will not have to sell any player that he wants to keep!! Look at how much debt ManUr are in and they are about to spend £200m in the summer. KL is well in pocket by at least £50m but regrdless of all this I am convinced that we are in good hands. You should also not right off £30m spent on facilities in just one year, this is a long term poject and an asset. I aso expect our shirt to stay red for commercial reasons.[/p][/quote]On the subject of shirts when you look at the 2012 shirts in hindsight they were probably even more red than the new ones, with ridiculously small excuses for stripes, but for some reason NC got away with those ones. I think they'll go back to stripes, but as the new chairman suggested, not in a traditional way. I'd advise him to stay away from the crest though - someone needs to advise him about football fans and club crests.[/p][/quote]Red and gold colours go down well in Asia and this is seen as a big growth market where everyone thinks that wearing red and gold brings good luck and fortune, red shirt gold badge is a financial decision, I sure Cardiff changed to red for this reason as well. notaclue
  • Score: 2

6:25pm Mon 31 Mar 14

Seedhouse the Unrepentant says...

ctsaint wrote:
Seedhouse the Unrepentant wrote:
I feared this, we are being softened up for a dumbing down of the vision we were previously sold.

Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before.

Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money.

They need to remember the team that stuffed Newcastle:

Boruc free
Shaw free
Fonte £1m
Lovren £8m
Chambers free
Lallana free
Davis £2m
Cork £750k
JWP free
Jay Rod £7m
Lambert £1m

That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.
Quick question, if you've been involved in construction for 30 years and not seen anything like this......let's take one example Wembley Stadium......there are score more with over runs of similar magnitude .

I think this financial statement is a diplomatic explanation of the differences between NC and KL.

It's feasible that with the proven success of the youth in our squad a decision to upscale an already first class development was made mid project. The work at staple wood stopped at some point as I recall a couple of years ago, perhaps that's when the spec was changed and the new contract price agreed.

Not even NC could randomly spend twice the agreed amount and hide it......
Well he hasn't hidden it has he, that's why we are discussing it and a club director has expressed their concerns about it - which implies they hadn't seen it coming when the project was first commissioned.

An article in a national a few weeks back talked of Cortese changing the detailing to a pathway several times due to his fanatical attention to detail. That might be good when it comes to having players mattresses delivered to spotless hotels but can't half slow a construction site down!

A relatively small scale project on a green field site can't really be compared to massive inner city developments like Wembley or the Millennium Dome costing nearly a billion a piece. Or a piece of innovative world class engineering like digging a tunnel from England to France. Let's wait and see what details emerge, I bet NC gets the blame.
[quote][p][bold]ctsaint[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: I feared this, we are being softened up for a dumbing down of the vision we were previously sold. Staplewood had a planned massive investment of £15m. Surely this was tendered and the contract let on a fixed price basis. How on earth could the builders come up with £15m of 'extras'? I've been involved in the construction industry for nearly 30 years and I've never seen that before. Transfer fees. These will include Osvaldo at £16m who is being sold to Roma for £18m. They also include Gaston at £12m who despite promising so much isn't delivering on his price tag so ship him out. That would give us £30m to spend without committing a single penny of 'new' money. They need to remember the team that stuffed Newcastle: Boruc free Shaw free Fonte £1m Lovren £8m Chambers free Lallana free Davis £2m Cork £750k JWP free Jay Rod £7m Lambert £1m That's less than £20m. Now compare that to any other team in the Prem let alone the top half of the Prem.[/p][/quote]Quick question, if you've been involved in construction for 30 years and not seen anything like this......let's take one example Wembley Stadium......there are score more with over runs of similar magnitude . I think this financial statement is a diplomatic explanation of the differences between NC and KL. It's feasible that with the proven success of the youth in our squad a decision to upscale an already first class development was made mid project. The work at staple wood stopped at some point as I recall a couple of years ago, perhaps that's when the spec was changed and the new contract price agreed. Not even NC could randomly spend twice the agreed amount and hide it......[/p][/quote]Well he hasn't hidden it has he, that's why we are discussing it and a club director has expressed their concerns about it - which implies they hadn't seen it coming when the project was first commissioned. An article in a national a few weeks back talked of Cortese changing the detailing to a pathway several times due to his fanatical attention to detail. That might be good when it comes to having players mattresses delivered to spotless hotels but can't half slow a construction site down! A relatively small scale project on a green field site can't really be compared to massive inner city developments like Wembley or the Millennium Dome costing nearly a billion a piece. Or a piece of innovative world class engineering like digging a tunnel from England to France. Let's wait and see what details emerge, I bet NC gets the blame. Seedhouse the Unrepentant
  • Score: 1

7:14pm Mon 31 Mar 14

OSPREYSAINT says...

jasons odd wrote:
I think we will be OK ....but thats it .....Just OK

I dont think there will be anymore talk from the hierarchy about -
-champions league football
-progressing

I think we will be hearing more phrases like
-balancing the books
-self sustainability

Sad really
If we cannot be all conquering, I will settle for temporary stability until we can resume the surge up again.
[quote][p][bold]jasons odd[/bold] wrote: I think we will be OK ....but thats it .....Just OK I dont think there will be anymore talk from the hierarchy about - -champions league football -progressing I think we will be hearing more phrases like -balancing the books -self sustainability Sad really[/p][/quote]If we cannot be all conquering, I will settle for temporary stability until we can resume the surge up again. OSPREYSAINT
  • Score: 3

7:16pm Mon 31 Mar 14

OSPREYSAINT says...

Seedhouse the Unrepentant wrote:
jrod11 wrote:
Seedhouse the Unrepentant wrote:
jrod11 wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Are you a skate Dick ?
He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.
You are an obvious skate seedhouse the unrepentant and fool nobody.uts
Bugger, he's blown my cover!

Play up Pompey, Pompey play up....
Not very convincing I am sorry to tell you, there is no accompanying smell off fish and tumbling scales.
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]jrod11[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Are you a skate Dick ?[/p][/quote]He is not a skate but you are. No Saints fan would try and wind another up the way you do. I was gutted that you beat 9 man Newport but there is still hope and I look forward to going to Northampton on Easter Monday when hopefully your club will not rise from the dead.[/p][/quote]You are an obvious skate seedhouse the unrepentant and fool nobody.uts[/p][/quote]Bugger, he's blown my cover! Play up Pompey, Pompey play up....[/p][/quote]Not very convincing I am sorry to tell you, there is no accompanying smell off fish and tumbling scales. OSPREYSAINT
  • Score: 2

7:19pm Mon 31 Mar 14

redandy10 says...

Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.
Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes. redandy10
  • Score: -1

7:34pm Mon 31 Mar 14

Baddesley Bill says...

I really don't think the issue is how much money we have to buy in more players. The issue is whether we can afford to keep the talent (including MP) we have right now (they are improving after all). It falls on their shoulders to keep us on track.

I'm no accountant, but I assume these figures don't include the huge boost of telly money that PL clubs will benefit from this season. I've no idea why Staplewood is so much over budget, but given the diamonds it produces an extra £15mill is small change compared to going to market for a top quality PL striker.

Simple fact is, we will have to wait for the start of the 2014/15 season to start before we get an accurate impression of where the new regime are planning to take us.

I remain positive that they are "in it to win it" COYR
I really don't think the issue is how much money we have to buy in more players. The issue is whether we can afford to keep the talent (including MP) we have right now (they are improving after all). It falls on their shoulders to keep us on track. I'm no accountant, but I assume these figures don't include the huge boost of telly money that PL clubs will benefit from this season. I've no idea why Staplewood is so much over budget, but given the diamonds it produces an extra £15mill is small change compared to going to market for a top quality PL striker. Simple fact is, we will have to wait for the start of the 2014/15 season to start before we get an accurate impression of where the new regime are planning to take us. I remain positive that they are "in it to win it" COYR Baddesley Bill
  • Score: 0

7:47pm Mon 31 Mar 14

Stroppy_gramps says...

redandy10 wrote:
Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.
are you having a giraffe?
Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense.

Saints are in a fantastic position financially and we don't need to sell anyone.
He's clearly stating that Poch has the final say on who stays or goes and there's no pressure.

what is it with everyone suddenly deciding we need to sell players?
Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay.
Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil.

Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams?

we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going.
Posts like this just make you look like a Skate in disguise.

Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting.
I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club.

try at least to be positive about the amazing journey our club is on.
[quote][p][bold]redandy10[/bold] wrote: Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.[/p][/quote]are you having a giraffe? Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense. Saints are in a fantastic position financially and we don't need to sell anyone. He's clearly stating that Poch has the final say on who stays or goes and there's no pressure. what is it with everyone suddenly deciding we need to sell players? Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay. Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil. Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams? we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going. Posts like this just make you look like a Skate in disguise. Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting. I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club. try at least to be positive about the amazing journey our club is on. Stroppy_gramps
  • Score: 4

7:50pm Mon 31 Mar 14

up saints says...

i don't see any problem just keep the starting line up for next season with poch in charge.thats why katharina is smiling
i don't see any problem just keep the starting line up for next season with poch in charge.thats why katharina is smiling up saints
  • Score: 1

8:05pm Mon 31 Mar 14

OSPREYSAINT says...

OSPREYSAINT wrote:
How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest!
I know it wasn't very scientific and there must have been plenty of thumbs downs but + 40 seems fairly convincing so far.
[quote][p][bold]OSPREYSAINT[/bold] wrote: How about an unofficial poll, thumbs up if you think we will be OK. Thumbs down if you think we are doomed, and bear in mind it is not an OSPREYSAINT popularity contest![/p][/quote]I know it wasn't very scientific and there must have been plenty of thumbs downs but + 40 seems fairly convincing so far. OSPREYSAINT
  • Score: 0

8:13pm Mon 31 Mar 14

ghk230473 says...

Projects do go over budget but rarely have I seen them double in price!

NC will rightly or wrongly get them blame as he is not around to defend himself, that's the way it works. The club didn't belong to him, it's Katharine's to do with as she wishes. She is a business woman and surrounded herself with trusted people, she won't want to lose on this project.

On to the project.... Wasn't it always to become self sufficient and churn out our own stars? Well we are doing that. I personally feel our league position mirrors us as a club, maybe a bit generous. If a sizable bid comes in for any of the players it has to be looked at but importantly it has to be right for the club. We are in a position now where buying clubs will mug us for our prize assets like they did Walcott and bale. Stability is now paramount and mopo will hopefully agree to stay and buy into the incumbents ideas and they can agree in matters.
Projects do go over budget but rarely have I seen them double in price! NC will rightly or wrongly get them blame as he is not around to defend himself, that's the way it works. The club didn't belong to him, it's Katharine's to do with as she wishes. She is a business woman and surrounded herself with trusted people, she won't want to lose on this project. On to the project.... Wasn't it always to become self sufficient and churn out our own stars? Well we are doing that. I personally feel our league position mirrors us as a club, maybe a bit generous. If a sizable bid comes in for any of the players it has to be looked at but importantly it has to be right for the club. We are in a position now where buying clubs will mug us for our prize assets like they did Walcott and bale. Stability is now paramount and mopo will hopefully agree to stay and buy into the incumbents ideas and they can agree in matters. ghk230473
  • Score: 13

8:33pm Mon 31 Mar 14

Clever Dick says...

ghk230473 wrote:
Projects do go over budget but rarely have I seen them double in price!

NC will rightly or wrongly get them blame as he is not around to defend himself, that's the way it works. The club didn't belong to him, it's Katharine's to do with as she wishes. She is a business woman and surrounded herself with trusted people, she won't want to lose on this project.

On to the project.... Wasn't it always to become self sufficient and churn out our own stars? Well we are doing that. I personally feel our league position mirrors us as a club, maybe a bit generous. If a sizable bid comes in for any of the players it has to be looked at but importantly it has to be right for the club. We are in a position now where buying clubs will mug us for our prize assets like they did Walcott and bale. Stability is now paramount and mopo will hopefully agree to stay and buy into the incumbents ideas and they can agree in matters.
Well the teams above are:-
Liverpool
ManC
Chelsk
Arse
Everton
Spuds
Manure.
Would we have taken that 3 seasons ago
Would we have taken that two seasons ago
Would we have taken that last season
I for one will certainly take it now.
Great season so far with entertaining football and the best Saints side for many , many years. The close season will be very interesting but there do seem to be encouraging comments from some of the players . They seem to realise that a close knit unit where they are actually playing with their mates every week is a sure route to success.
[quote][p][bold]ghk230473[/bold] wrote: Projects do go over budget but rarely have I seen them double in price! NC will rightly or wrongly get them blame as he is not around to defend himself, that's the way it works. The club didn't belong to him, it's Katharine's to do with as she wishes. She is a business woman and surrounded herself with trusted people, she won't want to lose on this project. On to the project.... Wasn't it always to become self sufficient and churn out our own stars? Well we are doing that. I personally feel our league position mirrors us as a club, maybe a bit generous. If a sizable bid comes in for any of the players it has to be looked at but importantly it has to be right for the club. We are in a position now where buying clubs will mug us for our prize assets like they did Walcott and bale. Stability is now paramount and mopo will hopefully agree to stay and buy into the incumbents ideas and they can agree in matters.[/p][/quote]Well the teams above are:- Liverpool ManC Chelsk Arse Everton Spuds Manure. Would we have taken that 3 seasons ago Would we have taken that two seasons ago Would we have taken that last season I for one will certainly take it now. Great season so far with entertaining football and the best Saints side for many , many years. The close season will be very interesting but there do seem to be encouraging comments from some of the players . They seem to realise that a close knit unit where they are actually playing with their mates every week is a sure route to success. Clever Dick
  • Score: 8

8:36pm Mon 31 Mar 14

redandy10 says...

Stroppy_gramps wrote:
redandy10 wrote:
Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.
are you having a giraffe?
Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense.

Saints are in a fantastic position financially and we don't need to sell anyone.
He's clearly stating that Poch has the final say on who stays or goes and there's no pressure.

what is it with everyone suddenly deciding we need to sell players?
Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay.
Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil.

Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams?

we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going.
Posts like this just make you look like a Skate in disguise.

Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting.
I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club.

try at least to be positive about the amazing journey our club is on.
That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.
[quote][p][bold]Stroppy_gramps[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.[/p][/quote]are you having a giraffe? Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense. Saints are in a fantastic position financially and we don't need to sell anyone. He's clearly stating that Poch has the final say on who stays or goes and there's no pressure. what is it with everyone suddenly deciding we need to sell players? Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay. Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil. Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams? we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going. Posts like this just make you look like a Skate in disguise. Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting. I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club. try at least to be positive about the amazing journey our club is on.[/p][/quote]That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process. redandy10
  • Score: 1

8:41pm Mon 31 Mar 14

mack chinnon says...

Nexy years sponsorship deal could be quiet interesting. A rumour doing the rounds last year was that big bucks were offered but a name change was required.
I believe AAP, s deal runs out at the end of this season and I'm sure we will have many suitors.
Nexy years sponsorship deal could be quiet interesting. A rumour doing the rounds last year was that big bucks were offered but a name change was required. I believe AAP, s deal runs out at the end of this season and I'm sure we will have many suitors. mack chinnon
  • Score: 0

8:42pm Mon 31 Mar 14

redandy10 says...

I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?
I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along? redandy10
  • Score: 1

8:45pm Mon 31 Mar 14

Crossley Place Saint says...

I think what we learn from this financial statement is that Premier League football is a treadmill that goes at an ever faster pace. Yes we have so much more income. The ground is full or nearly full every game, with seat prices that are much higher than before. There is TV money worth £50M, £75M, £100M depending on which article you read. Merchandise revenue, shirt sales (although I’m disappointed with the low figure of £6M quoted for commercial income). Prize money – nearly £1M a place in the league table. But, all the other Premier league clubs have similar income. They are all spending it, to hold on to their places. Even Championship clubs like QPR are spending at a similar rate, to try to get promoted back. They overspent last year in a failed attempt to avoid relegation – but the lesson they “learned” is not “we overspent”, but “we did not spend enough, a bit more and we could have stayed up”. It’s like an endless arms race. Who benefits? Well, we’ve seen some marvellous football that we could not have imagined just a few years ago. Some of the best games I’ve seen in 45 years a Saint. But the main beneficiaries are the players, who are paid so much. Heroes like SRL. But also to$$ers like Osdildo who trouser £75000 a week (more than a cancer surgeon earns in a year) for doing not a lot. So while I’m delighted with our league position, I have to say that many aspects of modern football leave me cold.

COYR
I think what we learn from this financial statement is that Premier League football is a treadmill that goes at an ever faster pace. Yes we have so much more income. The ground is full or nearly full every game, with seat prices that are much higher than before. There is TV money worth £50M, £75M, £100M depending on which article you read. Merchandise revenue, shirt sales (although I’m disappointed with the low figure of £6M quoted for commercial income). Prize money – nearly £1M a place in the league table. But, all the other Premier league clubs have similar income. They are all spending it, to hold on to their places. Even Championship clubs like QPR are spending at a similar rate, to try to get promoted back. They overspent last year in a failed attempt to avoid relegation – but the lesson they “learned” is not “we overspent”, but “we did not spend enough, a bit more and we could have stayed up”. It’s like an endless arms race. Who benefits? Well, we’ve seen some marvellous football that we could not have imagined just a few years ago. Some of the best games I’ve seen in 45 years a Saint. But the main beneficiaries are the players, who are paid so much. Heroes like SRL. But also to$$ers like Osdildo who trouser £75000 a week (more than a cancer surgeon earns in a year) for doing not a lot. So while I’m delighted with our league position, I have to say that many aspects of modern football leave me cold. COYR Crossley Place Saint
  • Score: 2

8:45pm Mon 31 Mar 14

OSPREYSAINT says...

redandy10 wrote:
I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?
No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.
[quote][p][bold]redandy10[/bold] wrote: I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?[/p][/quote]No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves. OSPREYSAINT
  • Score: 1

8:59pm Mon 31 Mar 14

Stroppy_gramps says...

redandy10 wrote:
Stroppy_gramps wrote:
redandy10 wrote:
Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.
are you having a giraffe?
Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense.

Saints are in a fantastic position financially and we don't need to sell anyone.
He's clearly stating that Poch has the final say on who stays or goes and there's no pressure.

what is it with everyone suddenly deciding we need to sell players?
Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay.
Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil.

Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams?

we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going.
Posts like this just make you look like a Skate in disguise.

Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting.
I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club.

try at least to be positive about the amazing journey our club is on.
That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.
I'll take your point about the £12 mil - I got distracted while typing.
what I meant was that probably at least half of that £12mil will be eaten up by getting rid of the fringe players.
I'm not so nuts as to think we'd get anything decent for Fox!

And as it happens I'm not saying Luke or Adam will say no - I won't be surprised if they go. what I am saying is that the club are looking like they are going to fight tooth and claw to keep them. Besides, both players are on record stating they are quite happy here. Both of them owe a lot to Southampton and maybe they feel some loyalty because of that. It doesn't seem to count for much to a lot of footballers these days, not many players stick with the same club, but you never know. So while we have them, I will enjoy supporting them, and if they go I just hope they go for the right reasons and not simply for a bigger pay packet.

but you are wrong - we are on an amazing journey RIGHT NOW. Not my problem if you can't see that. there's nothing wrong with the club finances, we are in a great position and I think the future is looking very bright indeed.

yes- the top 5 clubs ARE going to come calling. But I think they will find a very different Southampton to the one they are used to raiding for talent in the past.
[quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]Stroppy_gramps[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.[/p][/quote]are you having a giraffe? Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense. Saints are in a fantastic position financially and we don't need to sell anyone. He's clearly stating that Poch has the final say on who stays or goes and there's no pressure. what is it with everyone suddenly deciding we need to sell players? Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay. Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil. Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams? we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going. Posts like this just make you look like a Skate in disguise. Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting. I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club. try at least to be positive about the amazing journey our club is on.[/p][/quote]That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.[/p][/quote]I'll take your point about the £12 mil - I got distracted while typing. what I meant was that probably at least half of that £12mil will be eaten up by getting rid of the fringe players. I'm not so nuts as to think we'd get anything decent for Fox! And as it happens I'm not saying Luke or Adam will say no - I won't be surprised if they go. what I am saying is that the club are looking like they are going to fight tooth and claw to keep them. Besides, both players are on record stating they are quite happy here. Both of them owe a lot to Southampton and maybe they feel some loyalty because of that. It doesn't seem to count for much to a lot of footballers these days, not many players stick with the same club, but you never know. So while we have them, I will enjoy supporting them, and if they go I just hope they go for the right reasons and not simply for a bigger pay packet. but you are wrong - we are on an amazing journey RIGHT NOW. Not my problem if you can't see that. there's nothing wrong with the club finances, we are in a great position and I think the future is looking very bright indeed. yes- the top 5 clubs ARE going to come calling. But I think they will find a very different Southampton to the one they are used to raiding for talent in the past. Stroppy_gramps
  • Score: 4

9:02pm Mon 31 Mar 14

Saintsayer II says...

Just a thought
I don't suppose he is yelling us that ST prices will double next season is he? ?
Just a thought I don't suppose he is yelling us that ST prices will double next season is he? ? Saintsayer II
  • Score: 0

9:10pm Mon 31 Mar 14

Baddesley Bill says...

Off thread somewhat...but I'm watching Blunderland v Hoofers right now and really REALLY appreciating the brand of football we get to watch at SMS right now.
Off thread somewhat...but I'm watching Blunderland v Hoofers right now and really REALLY appreciating the brand of football we get to watch at SMS right now. Baddesley Bill
  • Score: 2

9:11pm Mon 31 Mar 14

Skating on thin ice says...

Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on!

He is Chairman of the Board of Directors of Flawa,
http://www.flawa.ch/

de/b2c/unternehmen/m

anagement
who manufacture medical products, including those for people with incontinence and smelly feet.

He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence!

http://www.moneyhous
e.ch/en/u/cwl_sports
_ag_in_liquidation_C
H440.3.07730-6.htm

Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours!
http://www.monetas.c
h/htm/653/en/Current
-persons-responsible
-CWL-Sports-AG-in-Li
quidation.htm?subj=1

843182&MONETAS=f8295

7d7a12d3bec778f6f8cd

ba9057c
Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on! He is Chairman of the Board of Directors of Flawa, http://www.flawa.ch/ de/b2c/unternehmen/m anagement who manufacture medical products, including those for people with incontinence and smelly feet. He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence! http://www.moneyhous e.ch/en/u/cwl_sports _ag_in_liquidation_C H440.3.07730-6.htm Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours! http://www.monetas.c h/htm/653/en/Current -persons-responsible -CWL-Sports-AG-in-Li quidation.htm?subj=1 843182&MONETAS=f8295 7d7a12d3bec778f6f8cd ba9057c Skating on thin ice
  • Score: 0

9:21pm Mon 31 Mar 14

OSPREYSAINT says...

Skating on thin ice wrote:
Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on!

He is Chairman of the Board of Directors of Flawa,
http://www.flawa.ch/


de/b2c/unternehmen/m


anagement
who manufacture medical products, including those for people with incontinence and smelly feet.

He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence!

http://www.moneyhous

e.ch/en/u/cwl_sports

_ag_in_liquidation_C

H440.3.07730-6.htm

Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours!
http://www.monetas.c

h/htm/653/en/Current

-persons-responsible

-CWL-Sports-AG-in-Li

quidation.htm?subj=1


843182&MONETAS=f
8295

7d7a12d3bec778f6f8cd


ba9057c
Is it your Birthday tomorrow? All Fools Day.
[quote][p][bold]Skating on thin ice[/bold] wrote: Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on! He is Chairman of the Board of Directors of Flawa, http://www.flawa.ch/ de/b2c/unternehmen/m anagement who manufacture medical products, including those for people with incontinence and smelly feet. He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence! http://www.moneyhous e.ch/en/u/cwl_sports _ag_in_liquidation_C H440.3.07730-6.htm Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours! http://www.monetas.c h/htm/653/en/Current -persons-responsible -CWL-Sports-AG-in-Li quidation.htm?subj=1 843182&MONETAS=f 8295 7d7a12d3bec778f6f8cd ba9057c[/p][/quote]Is it your Birthday tomorrow? All Fools Day. OSPREYSAINT
  • Score: 2

9:23pm Mon 31 Mar 14

saintbobby says...

Crossley Place Saint wrote:
I think what we learn from this financial statement is that Premier League football is a treadmill that goes at an ever faster pace. Yes we have so much more income. The ground is full or nearly full every game, with seat prices that are much higher than before. There is TV money worth £50M, £75M, £100M depending on which article you read. Merchandise revenue, shirt sales (although I’m disappointed with the low figure of £6M quoted for commercial income). Prize money – nearly £1M a place in the league table. But, all the other Premier league clubs have similar income. They are all spending it, to hold on to their places. Even Championship clubs like QPR are spending at a similar rate, to try to get promoted back. They overspent last year in a failed attempt to avoid relegation – but the lesson they “learned” is not “we overspent”, but “we did not spend enough, a bit more and we could have stayed up”. It’s like an endless arms race. Who benefits? Well, we’ve seen some marvellous football that we could not have imagined just a few years ago. Some of the best games I’ve seen in 45 years a Saint. But the main beneficiaries are the players, who are paid so much. Heroes like SRL. But also to$$ers like Osdildo who trouser £75000 a week (more than a cancer surgeon earns in a year) for doing not a lot. So while I’m delighted with our league position, I have to say that many aspects of modern football leave me cold.

COYR
And as for Rooney's reported possible £300,000 per week - well, it is not seemly is it? But there you go, that's modern football in a modern world.

Shame really!!
[quote][p][bold]Crossley Place Saint[/bold] wrote: I think what we learn from this financial statement is that Premier League football is a treadmill that goes at an ever faster pace. Yes we have so much more income. The ground is full or nearly full every game, with seat prices that are much higher than before. There is TV money worth £50M, £75M, £100M depending on which article you read. Merchandise revenue, shirt sales (although I’m disappointed with the low figure of £6M quoted for commercial income). Prize money – nearly £1M a place in the league table. But, all the other Premier league clubs have similar income. They are all spending it, to hold on to their places. Even Championship clubs like QPR are spending at a similar rate, to try to get promoted back. They overspent last year in a failed attempt to avoid relegation – but the lesson they “learned” is not “we overspent”, but “we did not spend enough, a bit more and we could have stayed up”. It’s like an endless arms race. Who benefits? Well, we’ve seen some marvellous football that we could not have imagined just a few years ago. Some of the best games I’ve seen in 45 years a Saint. But the main beneficiaries are the players, who are paid so much. Heroes like SRL. But also to$$ers like Osdildo who trouser £75000 a week (more than a cancer surgeon earns in a year) for doing not a lot. So while I’m delighted with our league position, I have to say that many aspects of modern football leave me cold. COYR[/p][/quote]And as for Rooney's reported possible £300,000 per week - well, it is not seemly is it? But there you go, that's modern football in a modern world. Shame really!! saintbobby
  • Score: 0

9:26pm Mon 31 Mar 14

OSPREYSAINT says...

Saintsayer II wrote:
Just a thought
I don't suppose he is yelling us that ST prices will double next season is he? ?
Keep your thoughts to yourself if that is the case.
[quote][p][bold]Saintsayer II[/bold] wrote: Just a thought I don't suppose he is yelling us that ST prices will double next season is he? ?[/p][/quote]Keep your thoughts to yourself if that is the case. OSPREYSAINT
  • Score: 1

9:34pm Mon 31 Mar 14

OSPREYSAINT says...

Skating on thin ice wrote:
Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on!

He is Chairman of the Board of Directors of Flawa,
http://www.flawa.ch/


de/b2c/unternehmen/m


anagement
who manufacture medical products, including those for people with incontinence and smelly feet.

He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence!

http://www.moneyhous

e.ch/en/u/cwl_sports

_ag_in_liquidation_C

H440.3.07730-6.htm

Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours!
http://www.monetas.c

h/htm/653/en/Current

-persons-responsible

-CWL-Sports-AG-in-Li

quidation.htm?subj=1


843182&MONETAS=f
8295

7d7a12d3bec778f6f8cd


ba9057c
Are you saying that Hans Hofstetter is in some way not a legitimate person to have on our board?
[quote][p][bold]Skating on thin ice[/bold] wrote: Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on! He is Chairman of the Board of Directors of Flawa, http://www.flawa.ch/ de/b2c/unternehmen/m anagement who manufacture medical products, including those for people with incontinence and smelly feet. He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence! http://www.moneyhous e.ch/en/u/cwl_sports _ag_in_liquidation_C H440.3.07730-6.htm Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours! http://www.monetas.c h/htm/653/en/Current -persons-responsible -CWL-Sports-AG-in-Li quidation.htm?subj=1 843182&MONETAS=f 8295 7d7a12d3bec778f6f8cd ba9057c[/p][/quote]Are you saying that Hans Hofstetter is in some way not a legitimate person to have on our board? OSPREYSAINT
  • Score: 1

9:50pm Mon 31 Mar 14

el caballo santos101 says...

redandy10 wrote:
Stroppy_gramps wrote:
redandy10 wrote:
Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.
are you having a giraffe?
Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense.

Saints are in a fantastic position financially and we don't need to sell anyone.
He's clearly stating that Poch has the final say on who stays or goes and there's no pressure.

what is it with everyone suddenly deciding we need to sell players?
Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay.
Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil.

Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams?

we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going.
Posts like this just make you look like a Skate in disguise.

Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting.
I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club.

try at least to be positive about the amazing journey our club is on.
That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.
why is it `belt tightening time`? not one thing that has come out of the club has suggested that. hoffstetter has said,
"The most important point is that we are in a position where we do not need to sell any player Mauricio wants to keep,"
"We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us."
so if MP wants to keep a player the club look determined to keep that player to the contract he signed, just as diverpool did to suarez!
also if MP wants to go and buy a player the club has the funds to buy that player.
if you look at the statements that have come from the board today they are saying that KL has continued to `back` the club i.e. put money into the club,
The Liebherr family, represented by non-executive chairman Katharina, injected a further £12.5m during the financial year, with another £2.2m in September 2013 bringing the total investment to £52.7m.
Hofstetter said: “Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the Club and avoid a similar situation from occurring again.

“The continued support of the Ultimate Shareholder cannot be underestimated, and we are grateful to be able to rely on their dedication to helping us flourish as a Club."

it looks like the club under NC were happy to pay big transfer fees for players (cant see that stopping) with higher and fewer payments (that will stop). so to land gaston we might have had to agree to pay the whole £12mill over a year instead of the length of his contract. we brought expensive players from Italian clubs who needed cash quickly.
there is plenty of money coming into the club and I think we are going to continue to go from strength to strength.
[quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]Stroppy_gramps[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.[/p][/quote]are you having a giraffe? Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense. Saints are in a fantastic position financially and we don't need to sell anyone. He's clearly stating that Poch has the final say on who stays or goes and there's no pressure. what is it with everyone suddenly deciding we need to sell players? Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay. Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil. Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams? we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going. Posts like this just make you look like a Skate in disguise. Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting. I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club. try at least to be positive about the amazing journey our club is on.[/p][/quote]That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.[/p][/quote]why is it `belt tightening time`? not one thing that has come out of the club has suggested that. hoffstetter has said, "The most important point is that we are in a position where we do not need to sell any player Mauricio [Pochettino] wants to keep," "We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us." so if MP wants to keep a player the club look determined to keep that player to the contract he signed, just as diverpool did to suarez! also if MP wants to go and buy a player the club has the funds to buy that player. if you look at the statements that have come from the board today they are saying that KL has continued to `back` the club i.e. put money into the club, The Liebherr family, represented by non-executive chairman Katharina, injected a further £12.5m during the financial year, with another £2.2m in September 2013 bringing the total investment to £52.7m. Hofstetter said: “Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the Club and avoid a similar situation from occurring again. “The continued support of the Ultimate Shareholder cannot be underestimated, and we are grateful to be able to rely on their dedication to helping us flourish as a Club." it looks like the club under NC were happy to pay big transfer fees for players (cant see that stopping) with higher and fewer payments (that will stop). so to land gaston we might have had to agree to pay the whole £12mill over a year instead of the length of his contract. we brought expensive players from Italian clubs who needed cash quickly. there is plenty of money coming into the club and I think we are going to continue to go from strength to strength. el caballo santos101
  • Score: 2

10:00pm Mon 31 Mar 14

Strasbourg Saint says...

Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Grammar nazi checking in - there's a major error in your post; the last two words should be spelt:

L-A-U-G-H-I-N-G & S-T-O-C-K
[quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Grammar nazi checking in - there's a major error in your post; the last two words should be spelt: L-A-U-G-H-I-N-G & S-T-O-C-K Strasbourg Saint
  • Score: 2

10:06pm Mon 31 Mar 14

Strasbourg Saint says...

Seedhouse the Unrepentant wrote:
Costa Baz wrote:
Seedhouse the Unrepentant wrote:
George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.
If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC?
These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there.
Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress.
Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation?
And during his period of notice, he would still have been ultimately responsible for the project and it's overspend.
Cortese was petulant, so once he was off he was off. A mate of mine tendered the refurb of corporate at SMS. He said Cortese changed his mind at each meeting and only became fully alert when penalty clauses were discussed. In the end he pulled out of the tender as he knew what was waiting. I believe Solent Interiors 'won' it.....

Some one said in the pub at the weekend - and I have absolutely no idea whether its true or not - that Cortese was having a house built and once he'd left the club he disappeared altogether. I have this mental image of a builder stood in a field with a shovel waiting for him to turn up :)
About that builder; the one who's stood in a field ............. with a shovel. No chance you could give the location of the field to jrod11, is there?
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]Costa Baz[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.[/p][/quote]If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC? These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there. Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress. Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation? And during his period of notice, he would still have been ultimately responsible for the project and it's overspend.[/p][/quote]Cortese was petulant, so once he was off he was off. A mate of mine tendered the refurb of corporate at SMS. He said Cortese changed his mind at each meeting and only became fully alert when penalty clauses were discussed. In the end he pulled out of the tender as he knew what was waiting. I believe Solent Interiors 'won' it..... Some one said in the pub at the weekend - and I have absolutely no idea whether its true or not - that Cortese was having a house built and once he'd left the club he disappeared altogether. I have this mental image of a builder stood in a field with a shovel waiting for him to turn up :)[/p][/quote]About that builder; the one who's stood in a field ............. with a shovel. No chance you could give the location of the field to jrod11, is there? Strasbourg Saint
  • Score: 3

10:26pm Mon 31 Mar 14

Baddesley Bill says...

Strasbourg Saint wrote:
Seedhouse the Unrepentant wrote:
Costa Baz wrote:
Seedhouse the Unrepentant wrote:
George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.
If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC?
These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there.
Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress.
Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation?
And during his period of notice, he would still have been ultimately responsible for the project and it's overspend.
Cortese was petulant, so once he was off he was off. A mate of mine tendered the refurb of corporate at SMS. He said Cortese changed his mind at each meeting and only became fully alert when penalty clauses were discussed. In the end he pulled out of the tender as he knew what was waiting. I believe Solent Interiors 'won' it.....

Some one said in the pub at the weekend - and I have absolutely no idea whether its true or not - that Cortese was having a house built and once he'd left the club he disappeared altogether. I have this mental image of a builder stood in a field with a shovel waiting for him to turn up :)
About that builder; the one who's stood in a field ............. with a shovel. No chance you could give the location of the field to jrod11, is there?
There are no fields on portsea island....but I can definitely think of a good use for the shovel!
[quote][p][bold]Strasbourg Saint[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]Costa Baz[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: George I haven't got a clue I don't have access to the numbers. I am saying I would be amazed if the original contract wasn't tendered and let on a fixed price. It's is quite normal for variations to occur during construction but not to 100% of the contract value! Builders will try it on if you give them half a chance. Bearing in mind Cortese handed in his notice months ago I wonder if anyone at the club sat on the project properly? Not only has it come out massively over budget but it has also overrun badly. If it's the clients fault that costs a lot of money if it's the contractors fault there are usually penalty clauses. I know Cortese put penalty clauses in the contract for the refurbishment of the hospitality suites.[/p][/quote]If the original quote, for the job, was £15 million, but came in at £30 million, doesn't that reflect badly on NC? These figures relate to when he was leading the club and he certainly seemed to have a hands on approach to how things progressed there. Didn't some contractors down tools, at one stage, owing to his interference/non payment (can't remember the details), which indicates to me that HE was monitoring the progress. Maybe this hike in costs may explain why he felt the need/was pushed into tendering his resignation? And during his period of notice, he would still have been ultimately responsible for the project and it's overspend.[/p][/quote]Cortese was petulant, so once he was off he was off. A mate of mine tendered the refurb of corporate at SMS. He said Cortese changed his mind at each meeting and only became fully alert when penalty clauses were discussed. In the end he pulled out of the tender as he knew what was waiting. I believe Solent Interiors 'won' it..... Some one said in the pub at the weekend - and I have absolutely no idea whether its true or not - that Cortese was having a house built and once he'd left the club he disappeared altogether. I have this mental image of a builder stood in a field with a shovel waiting for him to turn up :)[/p][/quote]About that builder; the one who's stood in a field ............. with a shovel. No chance you could give the location of the field to jrod11, is there?[/p][/quote]There are no fields on portsea island....but I can definitely think of a good use for the shovel! Baddesley Bill
  • Score: 0

11:09pm Mon 31 Mar 14

Clever Dick says...

Strasbourg Saint wrote:
Clever Dick wrote:
Deer company's hows
Here are are figgerrs four this yeer
Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion.
Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good.
We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched.
We hope u find this satisfaktoree.
From Portsmuff football club.
Grammar nazi checking in - there's a major error in your post; the last two words should be spelt:

L-A-U-G-H-I-N-G & S-T-O-C-K
Ich stehe korrigiert Herr Stras. Die schmitzig faul fischig Skunts werden niemals verstehen.
[quote][p][bold]Strasbourg Saint[/bold] wrote: [quote][p][bold]Clever Dick[/bold] wrote: Deer company's hows Here are are figgerrs four this yeer Gate income. 23 games wiv 10000 supporters payin £10 each. That is 10000 x 10 x23. We can't werk out complikated sums but sumwun told us that is 2.3 milion. Are outgoins are 2 Million four are direktors and 2 milion four the players cuz they ain't very good. We hav been unabel to steel any mony from charitee boxes this here cuz we no were bein watched. We hope u find this satisfaktoree. From Portsmuff football club.[/p][/quote]Grammar nazi checking in - there's a major error in your post; the last two words should be spelt: L-A-U-G-H-I-N-G & S-T-O-C-K[/p][/quote]Ich stehe korrigiert Herr Stras. Die schmitzig faul fischig Skunts werden niemals verstehen. Clever Dick
  • Score: 2

11:17pm Mon 31 Mar 14

Jan28th1984 says...

Skating on thin ice wrote:
Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on!

He is Chairman of the Board of Directors of Flawa,
http://www.flawa.ch/


de/b2c/unternehmen/m


anagement
who manufacture medical products, including those for people with incontinence and smelly feet.

He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence!

http://www.moneyhous

e.ch/en/u/cwl_sports

_ag_in_liquidation_C

H440.3.07730-6.htm

Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours!
http://www.monetas.c

h/htm/653/en/Current

-persons-responsible

-CWL-Sports-AG-in-Li

quidation.htm?subj=1


843182&MONETAS=f
8295

7d7a12d3bec778f6f8cd


ba9057c
A skunt on a Saints board is like a turd in a swimming pool.
[quote][p][bold]Skating on thin ice[/bold] wrote: Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on! He is Chairman of the Board of Directors of Flawa, http://www.flawa.ch/ de/b2c/unternehmen/m anagement who manufacture medical products, including those for people with incontinence and smelly feet. He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence! http://www.moneyhous e.ch/en/u/cwl_sports _ag_in_liquidation_C H440.3.07730-6.htm Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours! http://www.monetas.c h/htm/653/en/Current -persons-responsible -CWL-Sports-AG-in-Li quidation.htm?subj=1 843182&MONETAS=f 8295 7d7a12d3bec778f6f8cd ba9057c[/p][/quote]A skunt on a Saints board is like a turd in a swimming pool. Jan28th1984
  • Score: 2

11:23pm Mon 31 Mar 14

Clever Dick says...

Jan28th1984 wrote:
Skating on thin ice wrote:
Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on!

He is Chairman of the Board of Directors of Flawa,
http://www.flawa.ch/



de/b2c/unternehmen/m



anagement
who manufacture medical products, including those for people with incontinence and smelly feet.

He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence!

http://www.moneyhous


e.ch/en/u/cwl_sports


_ag_in_liquidation_C


H440.3.07730-6.htm

Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours!
http://www.monetas.c


h/htm/653/en/Current


-persons-responsible


-CWL-Sports-AG-in-Li


quidation.htm?subj=1



843182&MONETAS=f

8295

7d7a12d3bec778f6f8cd



ba9057c
A skunt on a Saints board is like a turd in a swimming pool.
Oh come on now. The turd in the pool is MUCH preferable. It only smells for a little while!
[quote][p][bold]Jan28th1984[/bold] wrote: [quote][p][bold]Skating on thin ice[/bold] wrote: Your new Director Hans Hofstetter is on the board of at least a dozen other companies! It's a wonder he can remember which one he is meant to be commenting on! He is Chairman of the Board of Directors of Flawa, http://www.flawa.ch/ de/b2c/unternehmen/m anagement who manufacture medical products, including those for people with incontinence and smelly feet. He is also on the Board of a company called "CWL Sports" in Switzerland, which is just being liquidated! What an interesting coincidence! http://www.moneyhous e.ch/en/u/cwl_sports _ag_in_liquidation_C H440.3.07730-6.htm Oh, and just LOOK at who is the President of CWL Sports! None other than our old mate Josef Lenhart, who was appointed to your Board in January and then sacked within 24 hours! http://www.monetas.c h/htm/653/en/Current -persons-responsible -CWL-Sports-AG-in-Li quidation.htm?subj=1 843182&MONETAS=f 8295 7d7a12d3bec778f6f8cd ba9057c[/p][/quote]A skunt on a Saints board is like a turd in a swimming pool.[/p][/quote]Oh come on now. The turd in the pool is MUCH preferable. It only smells for a little while! Clever Dick
  • Score: 2

11:47pm Mon 31 Mar 14

Seedhouse the Unrepentant says...

If Forren, Osvaldo and to a lesser extent Gaston had turned out to be as good a signing as Lovren we wouldn't really need any more. Big Victor was improving before injury and offers something very different to Cork so that strengthens the squad. It's a funny old game.
If Forren, Osvaldo and to a lesser extent Gaston had turned out to be as good a signing as Lovren we wouldn't really need any more. Big Victor was improving before injury and offers something very different to Cork so that strengthens the squad. It's a funny old game. Seedhouse the Unrepentant
  • Score: 3

11:49pm Mon 31 Mar 14

Sir Ad E Noid says...

Seedhouse the Unrepentant wrote:
Abbey Saint wrote:
Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold"
I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.
Seed, is there a chance that Cortese screwed up the Staplewood project and paid the price for it? (Ignore the unintended pun)
[quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]Abbey Saint[/bold] wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?[/p][/quote]The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.[/p][/quote]Seed, is there a chance that Cortese screwed up the Staplewood project and paid the price for it? (Ignore the unintended pun) Sir Ad E Noid
  • Score: 1

12:17am Tue 1 Apr 14

Seedhouse the Unrepentant says...

Sir Ad E Noid wrote:
Seedhouse the Unrepentant wrote:
Abbey Saint wrote:
Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold"
I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.
Seed, is there a chance that Cortese screwed up the Staplewood project and paid the price for it? (Ignore the unintended pun)
Of course it's possible. The rumours and mutterings coming out of the place certainly suggested it was one of those unhappy sites and they're always bad news. I suppose it depends what we got for the 'extra' £15m. We will have to wait and see.
[quote][p][bold]Sir Ad E Noid[/bold] wrote: [quote][p][bold]Seedhouse the Unrepentant[/bold] wrote: [quote][p][bold]Abbey Saint[/bold] wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?[/p][/quote]The previous CEO's vision was very much we are not selling our players under any circumstances and we are competing vigorously in the market for those we target as additions and we are aiming to be top four eventually. We offered bigger transfer fee and higher wages for Cortinho for example. I believe this stated aim is being watered down.[/p][/quote]Seed, is there a chance that Cortese screwed up the Staplewood project and paid the price for it? (Ignore the unintended pun)[/p][/quote]Of course it's possible. The rumours and mutterings coming out of the place certainly suggested it was one of those unhappy sites and they're always bad news. I suppose it depends what we got for the 'extra' £15m. We will have to wait and see. Seedhouse the Unrepentant
  • Score: 0

3:44am Tue 1 Apr 14

st1halo says...

Clever Dick wrote:
Jan28th1984 wrote:
In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.
Do they need to supply figures? Somebody better tell them. It's no easy job cooking the books at short notice.
Skunty FC annual accounts 2013/14
Directors Report
W haven't been abe to buy any trophies this year A tough year's trading is backed by our wonderful record breaking season, we have the poorest defense in League 2 and should we be relegated, we will become the worst performing club in football history. PUP.
Our net profit before tax was 70p and after tax was 70p 'cos we don't pay tax EVER.
When the board stated at the beginnig of the season we were going to rip up League 2, some supporters thought we were referring to promotion. For clarity, we meant managers contracts.
Matchday income was strong, particularly with sales of our own brand of tartare Sauce but liabilities to ex-players, court appearances and Rosie the dog left a trading balance of £1.56 whch was then stolen.
Our scouting team is in Dubai looking for a rich Arab sugar daddy in the criminal undeworld at present.
The Pompey Mega Store (situated at the back of Fratton Fish and Chip Shop) has increased sales of clown hats and bells and Smiffy Blue would like to apologise for the fag ash in the chip batter last week.
OTHER TRADING ACTIVITIES.
Player Trading ... Nil
Hospitality (Live tv feed to the Crown Inn).... Nil
Toothpaste....Nil.
As your director I realise that these these accouting reports may go over the heads of some of our supporters so to those (in the hope I get re-elected to the board) I say blah blah trophies blah blah history blah blah big club blah blah blah bestest fans ever
[quote][p][bold]Clever Dick[/bold] wrote: [quote][p][bold]Jan28th1984[/bold] wrote: In the interests of journalistic fair play and openness I am looking forward to the publication and analysis of Skunt FC accounts for 2012/13.[/p][/quote]Do they need to supply figures? Somebody better tell them. It's no easy job cooking the books at short notice.[/p][/quote]Skunty FC annual accounts 2013/14 Directors Report W haven't been abe to buy any trophies this year A tough year's trading is backed by our wonderful record breaking season, we have the poorest defense in League 2 and should we be relegated, we will become the worst performing club in football history. PUP. Our net profit before tax was 70p and after tax was 70p 'cos we don't pay tax EVER. When the board stated at the beginnig of the season we were going to rip up League 2, some supporters thought we were referring to promotion. For clarity, we meant managers contracts. Matchday income was strong, particularly with sales of our own brand of tartare Sauce but liabilities to ex-players, court appearances and Rosie the dog left a trading balance of £1.56 whch was then stolen. Our scouting team is in Dubai looking for a rich Arab sugar daddy in the criminal undeworld at present. The Pompey Mega Store (situated at the back of Fratton Fish and Chip Shop) has increased sales of clown hats and bells and Smiffy Blue would like to apologise for the fag ash in the chip batter last week. OTHER TRADING ACTIVITIES. Player Trading ... Nil Hospitality (Live tv feed to the Crown Inn).... Nil Toothpaste....Nil. As your director I realise that these these accouting reports may go over the heads of some of our supporters so to those (in the hope I get re-elected to the board) I say blah blah trophies blah blah history blah blah big club blah blah blah bestest fans ever st1halo
  • Score: 3

5:38am Tue 1 Apr 14

redandy10 says...

el caballo santos101 wrote:
redandy10 wrote:
Stroppy_gramps wrote:
redandy10 wrote:
Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.
are you having a giraffe?
Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense.

Saints are in a fantastic position financially and we don't need to sell anyone.
He's clearly stating that Poch has the final say on who stays or goes and there's no pressure.

what is it with everyone suddenly deciding we need to sell players?
Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay.
Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil.

Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams?

we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going.
Posts like this just make you look like a Skate in disguise.

Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting.
I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club.

try at least to be positive about the amazing journey our club is on.
That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.
why is it `belt tightening time`? not one thing that has come out of the club has suggested that. hoffstetter has said,
"The most important point is that we are in a position where we do not need to sell any player Mauricio wants to keep,"
"We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us."
so if MP wants to keep a player the club look determined to keep that player to the contract he signed, just as diverpool did to suarez!
also if MP wants to go and buy a player the club has the funds to buy that player.
if you look at the statements that have come from the board today they are saying that KL has continued to `back` the club i.e. put money into the club,
The Liebherr family, represented by non-executive chairman Katharina, injected a further £12.5m during the financial year, with another £2.2m in September 2013 bringing the total investment to £52.7m.
Hofstetter said: “Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the Club and avoid a similar situation from occurring again.

“The continued support of the Ultimate Shareholder cannot be underestimated, and we are grateful to be able to rely on their dedication to helping us flourish as a Club."

it looks like the club under NC were happy to pay big transfer fees for players (cant see that stopping) with higher and fewer payments (that will stop). so to land gaston we might have had to agree to pay the whole £12mill over a year instead of the length of his contract. we brought expensive players from Italian clubs who needed cash quickly.
there is plenty of money coming into the club and I think we are going to continue to go from strength to strength.
Let's see if we spend anything approaching £35 million without and selling players this summer, and then we'll see who is right. Previous two summer windows we haven't really sold but have spent a lot. My point is those days are over. It's like with Poch leaving, the writing was on the wall in the summer but a lot of fans read the reports and simply said "Pah! What do they know". A few months later he was gone. Sometimes you don't need cast iron proof to know what's coming, it's a matter of reading between the lines.

And btw this doesn't mean we are going to struggle or anything, but the vision shared by Nicola and kat was different, and more importantly how they go about achieving it.
[quote][p][bold]el caballo santos101[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]Stroppy_gramps[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.[/p][/quote]are you having a giraffe? Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense. Saints are in a fantastic position financially and we don't need to sell anyone. He's clearly stating that Poch has the final say on who stays or goes and there's no pressure. what is it with everyone suddenly deciding we need to sell players? Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay. Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil. Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams? we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going. Posts like this just make you look like a Skate in disguise. Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting. I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club. try at least to be positive about the amazing journey our club is on.[/p][/quote]That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.[/p][/quote]why is it `belt tightening time`? not one thing that has come out of the club has suggested that. hoffstetter has said, "The most important point is that we are in a position where we do not need to sell any player Mauricio [Pochettino] wants to keep," "We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us." so if MP wants to keep a player the club look determined to keep that player to the contract he signed, just as diverpool did to suarez! also if MP wants to go and buy a player the club has the funds to buy that player. if you look at the statements that have come from the board today they are saying that KL has continued to `back` the club i.e. put money into the club, The Liebherr family, represented by non-executive chairman Katharina, injected a further £12.5m during the financial year, with another £2.2m in September 2013 bringing the total investment to £52.7m. Hofstetter said: “Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the Club and avoid a similar situation from occurring again. “The continued support of the Ultimate Shareholder cannot be underestimated, and we are grateful to be able to rely on their dedication to helping us flourish as a Club." it looks like the club under NC were happy to pay big transfer fees for players (cant see that stopping) with higher and fewer payments (that will stop). so to land gaston we might have had to agree to pay the whole £12mill over a year instead of the length of his contract. we brought expensive players from Italian clubs who needed cash quickly. there is plenty of money coming into the club and I think we are going to continue to go from strength to strength.[/p][/quote]Let's see if we spend anything approaching £35 million without and selling players this summer, and then we'll see who is right. Previous two summer windows we haven't really sold but have spent a lot. My point is those days are over. It's like with Poch leaving, the writing was on the wall in the summer but a lot of fans read the reports and simply said "Pah! What do they know". A few months later he was gone. Sometimes you don't need cast iron proof to know what's coming, it's a matter of reading between the lines. And btw this doesn't mean we are going to struggle or anything, but the vision shared by Nicola and kat was different, and more importantly how they go about achieving it. redandy10
  • Score: 1

7:03am Tue 1 Apr 14

SiamSaint says...

george chivers wrote:
These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club.

Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well.

But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.
Why have a lot of you got it in for Ramirez? Did you nto see his pass for J-rod's second? I know it wasn;t worth 12 million on it's own but he's getting into the groove, aka The Southampton Way. And maybe the team is accommodating him more too. Giving him the extra touch he needs.
[quote][p][bold]george chivers[/bold] wrote: These numbers show, I think, that we took a punt in the transfer market in an attempt to get into the top 6. They also explain why Cortese never said very much and probably why he is no longer at the club. And that he was more of a gambler than we thought and not just a prudent business man with a strong vision. Clearly the ultimate shareholder has a different view on how to financially manage a football club. Not a crazy position to be in but one that will have to be rectified by the sale of players. Certainly, I hope, Osvaldo and Ramirez. But maybe some others as well. But we are still alive and kicking and have enormous potential. It will be interesting to see how MOPO reacts to this.[/p][/quote]Why have a lot of you got it in for Ramirez? Did you nto see his pass for J-rod's second? I know it wasn;t worth 12 million on it's own but he's getting into the groove, aka The Southampton Way. And maybe the team is accommodating him more too. Giving him the extra touch he needs. SiamSaint
  • Score: 2

7:06am Tue 1 Apr 14

SiamSaint says...

Abbey Saint wrote:
Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold"
I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?
And get of Gaston's back, you naysayers. That ball to J-rod was something Lallana or Le Tiss (or Le Lambert) would have been proud of.
[quote][p][bold]Abbey Saint[/bold] wrote: Seed - don't get your " feared this, we are being softened up for a dumbing down of the vision we were previously sold" I don't see anything negative here. Saints 'ultimate' shareholders have prudently invested in the club, especially considering the profligate spending of others. In fact, their return on investment when considering both Saints current and likely future success and worth is in stark contrast to ALL other clubs of a similar size. We are a model to copy. Where's the issue?[/p][/quote]And get of Gaston's back, you naysayers. That ball to J-rod was something Lallana or Le Tiss (or Le Lambert) would have been proud of. SiamSaint
  • Score: 2

8:44am Tue 1 Apr 14

redandy10 says...

OSPREYSAINT wrote:
redandy10 wrote:
I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?
No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.
Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE!

You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.
[quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?[/p][/quote]No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.[/p][/quote]Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE! You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions. redandy10
  • Score: 0

8:45am Tue 1 Apr 14

redandy10 says...

redandy10 wrote:
OSPREYSAINT wrote:
redandy10 wrote:
I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?
No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.
Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE!

You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.
Opps I put an apostrophe in the word constant. Have a field day Osprey!
[quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?[/p][/quote]No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.[/p][/quote]Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE! You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.[/p][/quote]Opps I put an apostrophe in the word constant. Have a field day Osprey! redandy10
  • Score: -2

9:15am Tue 1 Apr 14

J7junctionseven says...

Old saying in business. Speculate to accumulate.
We've needed to spend some money to get where we are and will continue to reap huge benefits as long as we remain a top PL side. Next season will be the acid test to see if we can improve and possibly secure European football which will bring more revenue in.
Need to get Pochettino signed up on a longer contract and hopefully keep the majority if not all our best players.
The profile of the club worldwide is growing and will continue to do so as long as we keep producing world class players from our excellent and renowned academy.
You reap what you sow.
COYR
Old saying in business. Speculate to accumulate. We've needed to spend some money to get where we are and will continue to reap huge benefits as long as we remain a top PL side. Next season will be the acid test to see if we can improve and possibly secure European football which will bring more revenue in. Need to get Pochettino signed up on a longer contract and hopefully keep the majority if not all our best players. The profile of the club worldwide is growing and will continue to do so as long as we keep producing world class players from our excellent and renowned academy. You reap what you sow. COYR J7junctionseven
  • Score: 3

9:35am Tue 1 Apr 14

Clever Dick says...

redandy10 wrote:
redandy10 wrote:
OSPREYSAINT wrote:
redandy10 wrote:
I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?
No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.
Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE!

You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.
Opps I put an apostrophe in the word constant. Have a field day Osprey!
It's not opps......it's oops. :-)
[quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?[/p][/quote]No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.[/p][/quote]Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE! You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.[/p][/quote]Opps I put an apostrophe in the word constant. Have a field day Osprey![/p][/quote]It's not opps......it's oops. :-) Clever Dick
  • Score: 3

9:40am Tue 1 Apr 14

jrod11 says...

Saintsayer II wrote:
Just a thought
I don't suppose he is yelling us that ST prices will double next season is he? ?
Luckily that will only upset people that actually go to games so most on here wont be bothered.
[quote][p][bold]Saintsayer II[/bold] wrote: Just a thought I don't suppose he is yelling us that ST prices will double next season is he? ?[/p][/quote]Luckily that will only upset people that actually go to games so most on here wont be bothered. jrod11
  • Score: -5

9:44am Tue 1 Apr 14

OSPREYSAINT says...

redandy10 wrote:
redandy10 wrote:
OSPREYSAINT wrote:
redandy10 wrote:
I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?
No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.
Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE!

You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.
Opps I put an apostrophe in the word constant. Have a field day Osprey!
lol, not a problem, I am no expert on apostrophe abuse, and there are bigger fish to fry!
[quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?[/p][/quote]No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.[/p][/quote]Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE! You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.[/p][/quote]Opps I put an apostrophe in the word constant. Have a field day Osprey![/p][/quote]lol, not a problem, I am no expert on apostrophe abuse, and there are bigger fish to fry! OSPREYSAINT
  • Score: 3

9:56am Tue 1 Apr 14

OSPREYSAINT says...

redandy10 wrote:
OSPREYSAINT wrote:
redandy10 wrote:
I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?
No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.
Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE!

You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.
The last thing I want to be, is taken seriously, so don't ever make that mistake. I, also, like 99% of posters, am/are well aware of the worries about keeping our Manager and best players, we have been experiencing that for the whole of our time as a Saints fan/s, some things never change and we get fed up with negative posters, constantly reminding us of the bleeding obvious. Whenever we do something well, there is always the threat that covetous elements want to take it away from us, or find something negative to knock us down, it is bad enough coming from outsiders, what we don't want is our own doing the same. It is disingenuous, and although I agree that you have a right to hold these depressing opinions, I have a right to disagree, that's the point of a discussion site.
[quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: I think Nicola leaving may of had something to do with the money we were spending. I wouldn't be surprised if Kat wanted to rein it in a bit, hence the stand off earlier last year. This to me is a definite change of direction. They're still looking at success for the club, but on a much more limited budget. Poch is my big worry, will these developments give him a ready made reason to leave when the right offer comes along?[/p][/quote]No chance of a positive thought from you I suppose? You will be worrying yourself into an early grave at this rate. You may be realistic but you are depressing the hell out of me with these negative waves.[/p][/quote]Zzzzzzzzzz This constan't being positive rap of yours has become really boring. No one wants lots of negativity, but sometimes there is going be some negative things that come our way. For example big clubs trying to buy our talent. We're are playing some fantastic football under Poch, now that is a POSITIVE! You'd be taken more seriously as a poster if you could grasp that point, stop picking on people's spelling and poster's using caps lock and in general formulating some posts demonstrating some balanced opinions.[/p][/quote]The last thing I want to be, is taken seriously, so don't ever make that mistake. I, also, like 99% of posters, am/are well aware of the worries about keeping our Manager and best players, we have been experiencing that for the whole of our time as a Saints fan/s, some things never change and we get fed up with negative posters, constantly reminding us of the bleeding obvious. Whenever we do something well, there is always the threat that covetous elements want to take it away from us, or find something negative to knock us down, it is bad enough coming from outsiders, what we don't want is our own doing the same. It is disingenuous, and although I agree that you have a right to hold these depressing opinions, I have a right to disagree, that's the point of a discussion site. OSPREYSAINT
  • Score: 4

11:15am Tue 1 Apr 14

Beer Monster says...

ghk230473 wrote:
Projects do go over budget but rarely have I seen them double in price!

NC will rightly or wrongly get them blame as he is not around to defend himself, that's the way it works. The club didn't belong to him, it's Katharine's to do with as she wishes. She is a business woman and surrounded herself with trusted people, she won't want to lose on this project.

On to the project.... Wasn't it always to become self sufficient and churn out our own stars? Well we are doing that. I personally feel our league position mirrors us as a club, maybe a bit generous. If a sizable bid comes in for any of the players it has to be looked at but importantly it has to be right for the club. We are in a position now where buying clubs will mug us for our prize assets like they did Walcott and bale. Stability is now paramount and mopo will hopefully agree to stay and buy into the incumbents ideas and they can agree in matters.
Been to Edinburgh recently? The project to bring trams back to the city has gone massively over budget, is over three years late and more than halved in size...

http://en.wikipedia.
org/wiki/Edinburgh_T
rams

The fact that we have a perfectly adequate bus service (recently voted one of the best in the world) to the airport has quite rightly prompted some backlash from the taxpaying public.

http://www.youtube.c
om/watch?v=7yOqU4-zE
5w

So I think we could be much worse off than overspending on our youth development strategy. Especially if it means that in the long run we don't have to consistently spend stupid money on buying in players who may or may not want to play for us in the first place.
[quote][p][bold]ghk230473[/bold] wrote: Projects do go over budget but rarely have I seen them double in price! NC will rightly or wrongly get them blame as he is not around to defend himself, that's the way it works. The club didn't belong to him, it's Katharine's to do with as she wishes. She is a business woman and surrounded herself with trusted people, she won't want to lose on this project. On to the project.... Wasn't it always to become self sufficient and churn out our own stars? Well we are doing that. I personally feel our league position mirrors us as a club, maybe a bit generous. If a sizable bid comes in for any of the players it has to be looked at but importantly it has to be right for the club. We are in a position now where buying clubs will mug us for our prize assets like they did Walcott and bale. Stability is now paramount and mopo will hopefully agree to stay and buy into the incumbents ideas and they can agree in matters.[/p][/quote]Been to Edinburgh recently? The project to bring trams back to the city has gone massively over budget, is over three years late and more than halved in size... http://en.wikipedia. org/wiki/Edinburgh_T rams The fact that we have a perfectly adequate bus service (recently voted one of the best in the world) to the airport has quite rightly prompted some backlash from the taxpaying public. http://www.youtube.c om/watch?v=7yOqU4-zE 5w So I think we could be much worse off than overspending on our youth development strategy. Especially if it means that in the long run we don't have to consistently spend stupid money on buying in players who may or may not want to play for us in the first place. Beer Monster
  • Score: 0

11:42am Tue 1 Apr 14

el caballo santos101 says...

redandy10 wrote:
el caballo santos101 wrote:
redandy10 wrote:
Stroppy_gramps wrote:
redandy10 wrote:
Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.
are you having a giraffe?
Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense.

Saints are in a fantastic position financially and we don't need to sell anyone.
He's clearly stating that Poch has the final say on who stays or goes and there's no pressure.

what is it with everyone suddenly deciding we need to sell players?
Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay.
Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil.

Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams?

we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going.
Posts like this just make you look like a Skate in disguise.

Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting.
I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club.

try at least to be positive about the amazing journey our club is on.
That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.
why is it `belt tightening time`? not one thing that has come out of the club has suggested that. hoffstetter has said,
"The most important point is that we are in a position where we do not need to sell any player Mauricio wants to keep,"
"We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us."
so if MP wants to keep a player the club look determined to keep that player to the contract he signed, just as diverpool did to suarez!
also if MP wants to go and buy a player the club has the funds to buy that player.
if you look at the statements that have come from the board today they are saying that KL has continued to `back` the club i.e. put money into the club,
The Liebherr family, represented by non-executive chairman Katharina, injected a further £12.5m during the financial year, with another £2.2m in September 2013 bringing the total investment to £52.7m.
Hofstetter said: “Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the Club and avoid a similar situation from occurring again.

“The continued support of the Ultimate Shareholder cannot be underestimated, and we are grateful to be able to rely on their dedication to helping us flourish as a Club."

it looks like the club under NC were happy to pay big transfer fees for players (cant see that stopping) with higher and fewer payments (that will stop). so to land gaston we might have had to agree to pay the whole £12mill over a year instead of the length of his contract. we brought expensive players from Italian clubs who needed cash quickly.
there is plenty of money coming into the club and I think we are going to continue to go from strength to strength.
Let's see if we spend anything approaching £35 million without and selling players this summer, and then we'll see who is right. Previous two summer windows we haven't really sold but have spent a lot. My point is those days are over. It's like with Poch leaving, the writing was on the wall in the summer but a lot of fans read the reports and simply said "Pah! What do they know". A few months later he was gone. Sometimes you don't need cast iron proof to know what's coming, it's a matter of reading between the lines.

And btw this doesn't mean we are going to struggle or anything, but the vision shared by Nicola and kat was different, and more importantly how they go about achieving it.
firstly I never said anything about `how much we will spend in the summer` and never mentioned £35mill, your using that as your benchmark! I would be happy to see us spend £15mill if its on the right players!
secondly I never said we wouldn't sell any players, in fact I said the other day that we may well end up selling a player or two but I doubt it will be any player that MP wants to keep (in the club statement), we will sell players, fox and Dani for a start, the money from those might be made available to MP, it might not but the board said that "we are still in a situation where we are free enough to act quickly if quick action is asked from us" that is a clear statement that MP will be backed in the transfer market if he asks them to go get a player.
so we will buy and sell players that doesn't mean for one second that there is a change in how we do business, it just means that we now have players we are able to sell. the main reason we can now sell players is because we had a bunch of players from L1/champ days who were on inflated prem wages which included big bonuses for the double promotion, that looks to have ended now (again look at the statements), so the fringe players will now be on less money, which champ clubs can afford. I fully expect to see some fringe players leave the club this summer, start with the players who are currently out on loan.
poch leaving? well he hasn't so I take it you mean Adkins. well it was quite clear that Nige and NC didn't get on, but most people thought that NA was doing an ok job and should have stayed at least until the end of the season. NC thought differently though but I don't remember seeing many reports in the promotion summer that said that NA would be gone, speculation from a few fans maybe, but some of those fans seem to speculate about everything, including MP going in Jan along with SRL, Lalla, Shaw etc. so I never believe speculation, including yours regarding the difference in `vision` between NC and KL, they may do business differently but it doesn't mean they don't want the same end result!
whilst you are reading `between the lines` you have forgotten to actually read the lines. there is nothing unusual about a club owing transfer fees, transfers are paid in instalments, do you think that real paid £87mill outright for bale? or their total spend of £153mill? how much do you think their outstanding transfer fees are this year? a lot more than £27mill. finances at sms are healthy and the club made an operating profit of £8.7mill which drops to -£7.1 after transfer activity. those are last season figures as well so this years might be even better, a lot more sky money + around £7mill more from a higher finish in the league, whilst we spent around the same in the window, but you can take off the Osvaldo fee so actually a lot less. there will be a new shirt sponsor this year and we will be able to attract a lot more money for that.
I know that some people think that just because a `big` club comes knocking for our players the club will sell them, and that's fine because that's how we used to do business, we didn't sell in the summer or in jan window despite the apparent `big` offers that came in. we are in a position where we don't have to sell players. I think that's a clear statement from the club, and plenty of media outlets (not the tabloids who want to sell our players so they have exclusives to sell their papers) inc. espn have stated that we have issued a hands off warning to other clubs.
I don't however see it as a `whos right` situation and fully accept that everything I have sad is just an opinion, well except for the quotes and figures from the club, and I could well be wrong. I don't think I am though just as you don't think you are, I just happen to see things a lot differently to you and don't see conspiracy in everything I read.
[quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]el caballo santos101[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: [quote][p][bold]Stroppy_gramps[/bold] wrote: [quote][p][bold]redandy10[/bold] wrote: Reading between the lines it looks like Poch won't have the same spending power as last summer and That Nigel had in 2012. This was always on the cards. Now let's see who stays and who goes.[/p][/quote]are you having a giraffe? Have you actually read what Hans said? Any financial problems he has found are being spoken about in the past tense. Saints are in a fantastic position financially and we don't need to sell anyone. He's clearly stating that Poch has the final say on who stays or goes and there's no pressure. what is it with everyone suddenly deciding we need to sell players? Look it's quite simple - theres £27 mil outstanding in transfer fees. I think we can all agree that Osvaldo is gone - we're going to get back at least what we paid for him so that's £12 mil in transfer fees left to pay. Alot of that £12mil is going to be eaten up by us selling off the fringe players so, for arguments sake, lets say it drops to £6mil. Care to take a look at QPR's finances? Man U's? Skatevilles? are we in a worse position than those teams? we're in a brilliant position in the league, financially we are incredibly stable, the squad is amazing and there is no pressure to make money to keep the club going. Posts like this just make you look like a Skate in disguise. Don't get me wrong - it's going to be a fight to keep all that wonderful talent in our squad this summer, Poch clearly wants to get this season out of the way before talking about his own future. It's going to be a massive fight, but it's one that the board are very clearly wanting. I won't be surprised if Shaw or Lallana go - but I am confident it won't be without Southampton FC fighting tooth and nail to keep them. If they stay, then that's massive for us as a club. try at least to be positive about the amazing journey our club is on.[/p][/quote]That's all very well but cut through the flannel and it's obvious that it's belt tightening time, which was always on the cards as it wasn't ever going to be realistic spending about £35 million every summer. And no one said we NEED to sell players, common sense should tell you that as the players keep on impressing, bidders are going to come calling. Again, not exactly a leap that! And if a big club comes in for Luke or Adam, do you really think they'll say no. As for your financial projections, £12 million selling off fringe players, please tell me you're not on about Guly and Fox. If so you might want to check your maths and rub out a few zeros. As for the amazing journey, that remains to be seen. By the start of next season we'll have a much better picture as to where we're headed. It's good to be positive but use a bit of common sense in the process.[/p][/quote]why is it `belt tightening time`? not one thing that has come out of the club has suggested that. hoffstetter has said, "The most important point is that we are in a position where we do not need to sell any player Mauricio [Pochettino] wants to keep," "We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us." so if MP wants to keep a player the club look determined to keep that player to the contract he signed, just as diverpool did to suarez! also if MP wants to go and buy a player the club has the funds to buy that player. if you look at the statements that have come from the board today they are saying that KL has continued to `back` the club i.e. put money into the club, The Liebherr family, represented by non-executive chairman Katharina, injected a further £12.5m during the financial year, with another £2.2m in September 2013 bringing the total investment to £52.7m. Hofstetter said: “Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the Club and avoid a similar situation from occurring again. “The continued support of the Ultimate Shareholder cannot be underestimated, and we are grateful to be able to rely on their dedication to helping us flourish as a Club." it looks like the club under NC were happy to pay big transfer fees for players (cant see that stopping) with higher and fewer payments (that will stop). so to land gaston we might have had to agree to pay the whole £12mill over a year instead of the length of his contract. we brought expensive players from Italian clubs who needed cash quickly. there is plenty of money coming into the club and I think we are going to continue to go from strength to strength.[/p][/quote]Let's see if we spend anything approaching £35 million without and selling players this summer, and then we'll see who is right. Previous two summer windows we haven't really sold but have spent a lot. My point is those days are over. It's like with Poch leaving, the writing was on the wall in the summer but a lot of fans read the reports and simply said "Pah! What do they know". A few months later he was gone. Sometimes you don't need cast iron proof to know what's coming, it's a matter of reading between the lines. And btw this doesn't mean we are going to struggle or anything, but the vision shared by Nicola and kat was different, and more importantly how they go about achieving it.[/p][/quote]firstly I never said anything about `how much we will spend in the summer` and never mentioned £35mill, your using that as your benchmark! I would be happy to see us spend £15mill if its on the right players! secondly I never said we wouldn't sell any players, in fact I said the other day that we may well end up selling a player or two but I doubt it will be any player that MP wants to keep (in the club statement), we will sell players, fox and Dani for a start, the money from those might be made available to MP, it might not but the board said that "we are still in a situation where we are free enough to act quickly if quick action is asked from us" that is a clear statement that MP will be backed in the transfer market if he asks them to go get a player. so we will buy and sell players that doesn't mean for one second that there is a change in how we do business, it just means that we now have players we are able to sell. the main reason we can now sell players is because we had a bunch of players from L1/champ days who were on inflated prem wages which included big bonuses for the double promotion, that looks to have ended now (again look at the statements), so the fringe players will now be on less money, which champ clubs can afford. I fully expect to see some fringe players leave the club this summer, start with the players who are currently out on loan. poch leaving? well he hasn't so I take it you mean Adkins. well it was quite clear that Nige and NC didn't get on, but most people thought that NA was doing an ok job and should have stayed at least until the end of the season. NC thought differently though but I don't remember seeing many reports in the promotion summer that said that NA would be gone, speculation from a few fans maybe, but some of those fans seem to speculate about everything, including MP going in Jan along with SRL, Lalla, Shaw etc. so I never believe speculation, including yours regarding the difference in `vision` between NC and KL, they may do business differently but it doesn't mean they don't want the same end result! whilst you are reading `between the lines` you have forgotten to actually read the lines. there is nothing unusual about a club owing transfer fees, transfers are paid in instalments, do you think that real paid £87mill outright for bale? or their total spend of £153mill? how much do you think their outstanding transfer fees are this year? a lot more than £27mill. finances at sms are healthy and the club made an operating profit of £8.7mill which drops to -£7.1 after transfer activity. those are last season figures as well so this years might be even better, a lot more sky money + around £7mill more from a higher finish in the league, whilst we spent around the same in the window, but you can take off the Osvaldo fee so actually a lot less. there will be a new shirt sponsor this year and we will be able to attract a lot more money for that. I know that some people think that just because a `big` club comes knocking for our players the club will sell them, and that's fine because that's how we used to do business, we didn't sell in the summer or in jan window despite the apparent `big` offers that came in. we are in a position where we don't have to sell players. I think that's a clear statement from the club, and plenty of media outlets (not the tabloids who want to sell our players so they have exclusives to sell their papers) inc. espn have stated that we have issued a hands off warning to other clubs. I don't however see it as a `whos right` situation and fully accept that everything I have sad is just an opinion, well except for the quotes and figures from the club, and I could well be wrong. I don't think I am though just as you don't think you are, I just happen to see things a lot differently to you and don't see conspiracy in everything I read. el caballo santos101
  • Score: 3

11:33am Wed 2 Apr 14

OSPREYSAINT says...

OSPREYSAINT wrote:
I won't believe anything that has been said until Skating on Ice has had his say.

The Cost of Staplewood is more down to an increase in the price of materials and labour costs, low Interest Rates haven't helped or the so called triple dip recession and inflation or whatever it was called, I know little about finance and things.

Once it has been completed it will hopefully pay for itself.
I found it amusing that SOI thought I was being complimentary, when in fact I was just saying that it was only a matter of time before he would come up with a load of dross, more predictable than the weather and a very sad individual I think most would agree.
[quote][p][bold]OSPREYSAINT[/bold] wrote: I won't believe anything that has been said until Skating on Ice has had his say. The Cost of Staplewood is more down to an increase in the price of materials and labour costs, low Interest Rates haven't helped or the so called triple dip recession and inflation or whatever it was called, I know little about finance and things. Once it has been completed it will hopefully pay for itself.[/p][/quote]I found it amusing that SOI thought I was being complimentary, when in fact I was just saying that it was only a matter of time before he would come up with a load of dross, more predictable than the weather and a very sad individual I think most would agree. OSPREYSAINT
  • Score: 0

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