Moyes linked with Villa and Spurs

[Matt Damon]

your an idiot, an educated one perhaps, but i have met many like you before. we are selling to pay debts before buying, we are taking loans out to meet interest payments, how, on gods green earth, does this come close to being well run, square the circle? its a rut mate, a fookin rut that this board has got in, and seems clueless as to how to get out of.

the point matts missing is this, i don't care about how villa are run, ffs, we are better run than tranmere(just) these comparisons are just fluff, the real test is HOW you invest, they invested the money(loans for matt) into the squad, something we are unable,or unwilling,to do.

Yes. They "invested" and finished in the bottom half of the table and now have a debt almost four times the size of ours and growing six times faster.

Yeah. If you think that's fluff you're delusional.

How'd you like thems apples?

 

[davek]

I'm still waiting for this evidence that Everton have taken loans to pay interest payments for loans already taken.


Once again, why let the facts get in the way of you?

Doing plenty of spouting but have NOTHING to back it up with.

You need to come up with your own solution: the board of directors have pulled in more through player sales than let be spent in the last four transfer windows...what's happening with that cash?

 

[milks]

Sorry to be a 'tard like, but what's going on here please? Is it that Mat reckons our club could be a lot worse off comparatively, but needs to invest in fundamental infrastructure, if anything; Sirblue57's demanding that our directors need to cough up some reddies for the squad, whatever the long-term cost, in order to sign up to Mat's Step Programme; and milks needs a new telly?
Thanks in advance.

BK bought me a new telly. I'm quids in. Other than that, it's a fairly accurate summary of this ongoing debate.

 

[sirblue57]

mr pedantic, ok ,i do not have the expertise to prove what i said, but for what reason do we borrow against future income? and then sell to pay debts? according to you, we are a well run club, im stating we are not. my reasoning has led me to conclude that we either pay interest payments at a set time of year, or some other reason i cannot ascertain at this time.but seeing as your an "expert" in finance, why do you think we take these loans out at this time? i await with baited breath your obviously educated answer.

 

[Matt Damon]

You need to come up with your own solution: the board of directors have pulled in more through player sales than let be spent in the last four transfer windows...what's happening with that cash?

Apparently we're taking loans to pay interest payments????

WHY would we need to do this with a wage:turnover <70% !


I've heard some WHOPPERS in my time and that one about taking loans to pay interest payments is one of the biggest!

That's almost as big as the "Everton are going into administration" - Davek, February 2011

 

[Matt Damon]

mr pedantic, ok ,i do not have the expertise to prove what i said, but for what reason do we borrow against future income? and then sell to pay debts? according to you, we are a well run club, im stating we are not. my reasoning has led me to conclude that we either pay interest payments at a set time of year, or some other reason i cannot ascertain at this time.but seeing as your an "expert" in finance, why do you think we take these loans out at this time? i await with baited breath your obviously educated answer.

I'll take that as a climb down on your part on the "Everton are taking loans to pay interest payments".

Thanks for re-clarifying your position.

 

[sirblue57]

Yes. They "invested" and finished in the bottom half of the table and now have a debt almost four times the size of ours and growing six times faster.

Yeah. If you think that's fluff you're delusional.

How'd you like thems apples?

again, why would i give a flying fishstick how much debt aston villa are in? im to worried about the morons ruining MY club. and i prefer pears actually.

 

[sirblue57]

I'll take that as a climb down on your part on the "Everton are taking loans to pay interest payments".

Thanks for re-clarifying your position.

and i will take it that grandmaster maths, doesn't have an answer either, just keep griping about villa, it seems obvious you know and care more about their finances than ours.

 

[davek]

Apparently we're taking loans to pay interest payments????

WHY would we need to do this with a wage:turnover <70% !


I've heard some WHOPPERS in my time and that one about taking loans to pay interest payments is one of the biggest!

That's almost as big as the "Everton are going into administration" - Davek, February 2011

Erm, because - and as the CEO underlines at every available opportunity - every penny coming into the club is accounted for by running costs including and over above the cost of running the squad.

Lol! That crack before from sirblue about *someone* being an 'educated fool' is looking to be bang on the money!

 

[sirblue57]

Apparently we're taking loans to pay interest payments????

WHY would we need to do this with a wage:turnover <70% !


I've heard some WHOPPERS in my time and that one about taking loans to pay interest payments is one of the biggest!

That's almost as big as the "Everton are going into administration" - Davek, February 2011

i actually stated i came to this conclusion because the timings of the loans, but dont let that get in the way of your egotistical posting eh?

 

[Matt Damon]

mr pedantic, ok ,i do not have the expertise to prove what i said, but for what reason do we borrow against future income? and then sell to pay debts? according to you, we are a well run club, im stating we are not. my reasoning has led me to conclude that we either pay interest payments at a set time of year, or some other reason i cannot ascertain at this time.but seeing as your an "expert" in finance, why do you think we take these loans out at this time? i await with baited breath your obviously educated answer.

The term could be "Bridge financing". Other times this may be considered a commercial "overdraft" Such as the one taken out before the 2008 financial crash to ensure that the club had access to funds in an uncertain time, to ensure continued operations.

It was a prudent move. The bank would have rejected the application if they were concerned. Especially at that time - at the "CREDIT CRUNCH" when getting finance was at its hardest.


Here: let me put it in wiki language for you that you can read:

http://en.wikipedia.org/wiki/Bridge_loan

Examples

A bridging loan can be used by a business to ensure continued smooth operation during a time when for example one senior partner wishes to leave whilst another wishes to continue the business. The bridging loan could be made based on the value of the company premises allowing funds to be raised via other sources for example a management buy in.

Bridge financing

http://en.wikipedia.org/wiki/Bridge_financing

Bridge financing is a method of financing, used to maintain liquidity while waiting for an anticipated and reasonably expected inflow of cash. Bridge financing is commonly used when the cash flow from a sale of an asset is expected after the cash outlay for the purchase of an asset

For example, when selling a house, the owner may not receive the cash for 90 days, but has already purchased a new home and must pay for it in 30 days. Bridge financing covers the 60 day gap in cash flows.

Closed bridging finance is where you have a date for the exit of the bridging finance and are sure that the bridging finance can be repaid on that date. This is less risky for the lender and thus the interest rate charged are lower

You've seen bridge financing applications by the club and assumed that this is somehow been long term debt. Because it suits an agenda of yours perhaps?

In fact the club never used the 2008 overdraft as far as I'm aware.


Yes the club's capital reserves are less than they should be. (Most football clubs are these days). But at least there's not a £140million debt to be considered.


Its all to do with CASH FLOWS.

Square the circle lad.

 

[kenada_blue]

The main issue that Damon loves dodging the bullet on is....

It's all well and good predicting what the club is in a position TO do, but the reality is is that they AREN'T doing.

He's also disregarding time scales to impliment this estimated plan to turn us into a self sustained model.

He's also seems to have faith in a board that has failed 2 ground moves, an annex build, countless transfers of players and let a young player go for nothing, to either impliment a plan they could've began years ago or indeed sell to someone who would work on this infastructure.

He's also drawn a complete blank to acknowledge that our current lack of investment on the field can only get you mid table. That these fair play rules do not mean much when your team isn't good enough to qualify for Europe.

 

[Matt Damon]

Erm, because - and as the CEO underlines at every available opportunity - every penny coming into the club is accounted for by running costs including and over above the cost of running the squad.

Lol! That crack before from sirblue about *someone* being an 'educated fool' is looking to be bang on the money!

Quote: Davek - "Get Lerner In!"

Quote: Davek - "Get Venkeys In!"

Quote: Davek - "Everton are going into administration!"

I think you should get your coat.

 

[chris_b]

I think the thing with Villa is - they used to be put up as an example of how an external buyer can put money in without interfering (the anti Glazer / H & G if you like). The only difference being Mr Lerner has now decided he wants the money back and they were spending to much so all that cash they had has gone and they are having to sell players to finance any progress.
They are very similar to us in that fact but for a brief PJ liek flurry of spending cash on players you cant afford then demanding it back

 

[Matt Damon]

The main issue that Damon loves dodging the bullet on is....

He's also drawn a complete blank to acknowledge that our current lack of investment on the field can only get you mid table. That these fair play rules do not mean much when your team isn't good enough to qualify for Europe.

The fact you're dodging the bullets on - is that the monitoring occurs over a three year period, so those teams not good enough to qualify in year one ... but who qualify in year three

are still out of Europe in year four!

So the teams in mid table have to consider their spending three years in advance!