Anderson desperate to sell club

luckyPeterpiper wrote:

wanderlust wrote:Slightly concerned that we might have a cashflow problem which could mean we don't get the embargo lifted and don't sign the triallists. Plus we have no pace up front apart from Woolery so we do need some recruitment budget IMO.

I don't think we're in quite that bad a shape yet lusty but I understand your fears. However, if as has been suggested we're on a 'one in one out' style of embargo we still have some leeway as we've released a lot more players than we've brought in. Of course it would depend on wages but I suspect we're still well ahead in terms of wages saved versus wages brought in over the summer so this may not be a problem. It may well be that Ken is simply seeking new sponsorship rather than direct investment in shares in the club.

At this point almost anything said about this is of course pure speculation but for once I'd rather not immediately see the downside of Ken being in Asia. For all we know he's simply gone there for a holiday and to pick up a decent 'massage'

I don't have any problem with him being over there trying to get investment (if he is) because it doesn't necessarily have to be negative and he might be looking to kick on after stabilising things.

I have no idea if the story is bollocks or not but I have said many times already that selling the club on was Ken's idea all along. If he can pocket some number of millions for himself out of a deal then that's good business. He laughs all the way to the bank and it might not be bad for us either...depending on who wants to throw money at us.

terenceanne wrote:I have no idea if the story is bollocks or not but I have said many times already that selling the club on was Ken's idea all along. If he can pocket some number of millions for himself out of a deal then that's good business. He laughs all the way to the bank and it might not be bad for us either...depending on who wants to throw money at us.

Dog and partridge

Boggersbelief wrote:

terenceanne wrote:I have no idea if the story is bollocks or not but I have said many times already that selling the club on was Ken's idea all along. If he can pocket some number of millions for himself out of a deal then that's good business. He laughs all the way to the bank and it might not be bad for us either...depending on who wants to throw money at us.

Dog and partridge

no,  but I thought it might be Ming Ding's Chinese Chippy that might be the contsortium mentioned in the story. They have far more money that Sports Shield...... and it's all cash to boot.

We have 4 players on trial including Wheater and Parky has implied in several recently published articles that he'd like to sign at least 2 of them plus A.N.Other so who would he get rid of if it's a one in one out scenario? All the indications from Parky are that he's keen to get signing people. If that's the case and our finances are in order, why hasn't KA at least attempted to get the embargo lifted?
I believe we need more money and whether that's to support cashflow or is a sale, I doubt Parky will get his wishes unless we get the money. After all, the Holding money is no more than a couple of months squad wages.

It was made clear that whilst the full terms of the "lifting"of the embargo won't be revealed it isn't a one in one out

An embargo doesn't always mean what the word 'embargo' implies. It's more often than not a set of conditions which have to be met for any signing. If and when our embargo is lifted, as the league are so keen to monitor our finances on an ongoing basis, I can't see it making a huge difference.

Chairmanda wrote:An embargo doesn't always mean what the word 'embargo' implies. It's more often than not a set of conditions which have to be met for any signing. If and when our embargo is lifted, as the league are so keen to monitor our finances on an ongoing basis, I can't see it making a huge difference.

The monitoring of the finances and the embargo are two different subjects, the monitoring is down to the general financial position and speed the takeover was pushed through.
The embargo is down to the fact we still haven't submitted accounts for 2014/5, I think we were allowed to sign the four because of how many we released and maybe a bit of latitude because of new owners.

whatsgoingon wrote:

Chairmanda wrote:An embargo doesn't always mean what the word 'embargo' implies. It's more often than not a set of conditions which have to be met for any signing. If and when our embargo is lifted, as the league are so keen to monitor our finances on an ongoing basis, I can't see it making a huge difference.

The monitoring of the finances and the embargo are two different subjects, the monitoring is down to the general financial position and speed the takeover was pushed through.
The embargo is down to the fact we still haven't submitted accounts for 2014/5, I think we were allowed to sign the four because of how many we released and maybe a bit of latitude because of new owners.

Not entirely correct wgo. They are more linked than you say above. If the accounts weren't submitted, both embargo and financial monitoring are triggered. There may be more elements measured because of takeover, but my point still stands, embargo being lifted does not mean financial monitoring will allow any more signings. Arcane football financial rules my specialism!

Ok I was reporting as I have read through various articles, last year of course the embargo was total so monitoring wasn't necessary because there was nothing to monitor, we couldn't even sign a player who offered to play for free so at this point monitoring wasn't even in the equation as there was nothing to monitor. 
But of course a big part of that was down to the fact the HMRC was looking to liquidate us, but the reasons for the embargo at this point were officially lack of accounts for 2014/5 and the lack of a FFP forecast which is why our embargo was different to the likes of Forest.
The monitoring part only came into play when the new owners took over and a part of that was down to the fact that  there was a last minute change in partner to SSBWFC and all the relevant checks were rushed through in order to satisfy the liquidation hearing, so I'm sure that if we submit the relevant paperwork and accounts (no idea why this is dragging on so long)the embargo is mute.
Once that's done and the reasons for the embargo are removed then the monitoring will become more of an issue because the embargo which currently overrides the monitoring won't be there.

If we haven't got the money Parky won't be able to get the players he wants anyway, so that's the immediate concern.

What's the secret regarding Embargo/Funds......just tell us "we can't spend because of this..." or "We have no more funds because of that ..." 
Most of us would accept something close to the truth ....don't keep us dangling on as with the previous regime.
We all know that essentially we are skint and just survival is the goal for this season. So don't promise us strengthening if it's not going to happen. Let's do the best we can with the lads we have now.....that's all.

terenceanne wrote:What's the secret regarding Embargo/Funds......just tell us "we can't spend because of this..." or "We have no more funds because of that ..." 
Most of us would accept something close to the truth ....don't keep us dangling on as with the previous regime.
We all know that essentially we are skint and just survival is the goal for this season. So don't promise us strengthening if it's not going to happen. Let's do the best we can with the lads we have now.....that's all.

Whilst we have got rid of a few players we still have most of the high earners on Premiership wages so the few million that Anderson rocked up with will already be spent I'd have thought. The Holding money isn't going to hold the fort for more than a couple of months at best so I'm surprised to hear any speculation about signings TBH.

I think that if the manager is asked about the squad and mentions he'd like a few more players, it's not the same as agreeing the funding is available with the Chairman so perhaps he'd be better off saying nothing until the deals are done.