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Post by chirkshrew on Nov 25, 2023 13:13:36 GMT 1
We're lucky we haven't got someone like Ellis short...... He'd have ****ed off years ago,and left the club in limbo......just ask the Sunderland fans👍👍🤦🤦🤦😡😡
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Post by Salop_Ian on Nov 25, 2023 13:48:00 GMT 1
Although in the early summer I was somewhat sceptical about suggestions the club was in trouble, this statement does appear to confirm that it is in a very tricky monetary situation. The Chairman has responded to this by personally shoring up the finances while things are being sorted (which could take some time). However, in this situation he could have decided:
1. To sell players and cut the playing budget, which would risk relegation but going into League 2 could allow the club to reconsolidate.
2. Cut his loses, resign as chairman and sell up to the first reasonable offer regardless of where it came from.
3. Decide the club is insolvent and put it into administration (taking the points deduction penalty).
Whilst I share desires to get the facts and learn from them, we are where we are, and endless speculation is something of a luxury (although I concede it is probably more interesting than watching the football at the moment).
Personally, I am glad that the chairman is taking the course of action he has, as I don't really fancy any of the above alternatives.
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Post by gainsparkshrew on Nov 25, 2023 14:05:32 GMT 1
Although in the early summer I was somewhat sceptical about suggestions the club was in trouble, this statement does appear to confirm that it is in a very tricky monetary situation. The Chairman has responded to this by personally shoring up the finances while things are being sorted (which could take some time). However, in this situation he could have decided: 1. To sell players and cut the playing budget, which would risk relegation but going into League 2 could allow the club to reconsolidate. 2. Cut his loses, resign as chairman and sell up to the first reasonable offer regardless of where it came from. 3. Decide the club is insolvent and put it into administration (taking the points deduction penalty). Whilst I share desires to get the facts and learn from them, we are where we are, and endless speculation is something of a luxury (although I concede it is probably more interesting than watching the football at the moment). Personally, I am glad that the chairman is taking the course of action he has, as I don't really fancy any of the above alternatives. 4. Use the bank overdraft facility that the club almost certainly has.If we haven't got one then get one as,with our assets of over £13 million banks would be queuing up to lend us 💰 Mountain out of a mole hill...as usual 🙄
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Post by vladimir on Nov 25, 2023 14:52:58 GMT 1
I mean he's the chairman, it's his asset, it's his show, he's a supporter. It's more of a suprise he hasn't been putting money in until now.
Also they've run an unbelievably tight ship for media not to have picked up on the story when he was funneling in whatever amount. You'd have thought players / staff paticuarly ones with axes to grind may have leaked this at the time.
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Post by Pilch on Nov 25, 2023 19:21:09 GMT 1
Although in the early summer I was somewhat sceptical about suggestions the club was in trouble, this statement does appear to confirm that it is in a very tricky monetary situation. The Chairman has responded to this by personally shoring up the finances while things are being sorted (which could take some time). However, in this situation he could have decided: 1. To sell players and cut the playing budget, which would risk relegation but going into League 2 could allow the club to reconsolidate. 2. Cut his loses, resign as chairman and sell up to the first reasonable offer regardless of where it came from. 3. Decide the club is insolvent and put it into administration (taking the points deduction penalty). Whilst I share desires to get the facts and learn from them, we are where we are, and endless speculation is something of a luxury (although I concede it is probably more interesting than watching the football at the moment). Personally, I am glad that the chairman is taking the course of action he has, as I don't really fancy any of the above alternatives. No wonder they confuse you with me 😝 Well said 😟
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Post by Pilch on Nov 25, 2023 19:22:21 GMT 1
Although in the early summer I was somewhat sceptical about suggestions the club was in trouble, this statement does appear to confirm that it is in a very tricky monetary situation. The Chairman has responded to this by personally shoring up the finances while things are being sorted (which could take some time). However, in this situation he could have decided: 1. To sell players and cut the playing budget, which would risk relegation but going into League 2 could allow the club to reconsolidate. 2. Cut his loses, resign as chairman and sell up to the first reasonable offer regardless of where it came from. 3. Decide the club is insolvent and put it into administration (taking the points deduction penalty). Whilst I share desires to get the facts and learn from them, we are where we are, and endless speculation is something of a luxury (although I concede it is probably more interesting than watching the football at the moment). Personally, I am glad that the chairman is taking the course of action he has, as I don't really fancy any of the above alternatives. 4. Use the bank overdraft facility that the club almost certainly has.If we haven't got one then get one as,with our assets of over £13 million banks would be queuing up to lend us 💰 Mountain out of a mole hill...as usual 🙄 To achieve what ? 12th instead of 15th
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Post by pughywasfree on Nov 25, 2023 22:15:29 GMT 1
I mean he's the chairman, it's his asset, it's his show, he's a supporter. It's more of a suprise he hasn't been putting money in until now. Also they've run an unbelievably tight ship for media not to have picked up on the story when he was funneling in whatever amount. You'd have thought players / staff paticuarly ones with axes to grind may have leaked this at the time. What makes you think he hasnt?
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Post by Valerioch on Nov 25, 2023 22:17:13 GMT 1
I mean he's the chairman, it's his asset, it's his show, he's a supporter. It's more of a suprise he hasn't been putting money in until now. Also they've run an unbelievably tight ship for media not to have picked up on the story when he was funneling in whatever amount. You'd have thought players / staff paticuarly ones with axes to grind may have leaked this at the time. What makes you think he hasnt? As I explained on another thread, it would show in the accounts if he had been putting money in He hasn’t - let it go
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Post by vladimir on Nov 25, 2023 22:17:34 GMT 1
I mean he's the chairman, it's his asset, it's his show, he's a supporter. It's more of a suprise he hasn't been putting money in until now. Also they've run an unbelievably tight ship for media not to have picked up on the story when he was funneling in whatever amount. You'd have thought players / staff paticuarly ones with axes to grind may have leaked this at the time. What makes you think he hasnt? When did he?
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Post by gainsparkshrew on Nov 25, 2023 22:35:15 GMT 1
4. Use the bank overdraft facility that the club almost certainly has.If we haven't got one then get one as,with our assets of over £13 million banks would be queuing up to lend us 💰 Mountain out of a mole hill...as usual 🙄 To achieve what ? 12th instead of 15th So when did I say that???🙄🙄🙄
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Post by Pilch on Nov 25, 2023 23:58:11 GMT 1
To achieve what ? 12th instead of 15th So when did I say that???🙄🙄🙄 you didn't , I asked a question, hence the question mark, asking what your suggestion might achieve
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Post by martinshrew on Nov 26, 2023 0:05:36 GMT 1
You'd have thought players / staff particularly ones with axes to grind may have leaked this at the time. Maybe the leaks have started ...
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Post by Pilch on Nov 26, 2023 0:08:51 GMT 1
You'd have thought players / staff particularly ones with axes to grind may have leaked this at the time. Maybe the leaks have started ... do you have any leaks on the injuries today. ? you are usually quite keen to spread them . keep us updated , cheers
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Post by Pilch on Nov 26, 2023 0:17:42 GMT 1
What makes you think he hasnt? As I explained on another thread, it would show in the accounts if he had been putting money in He hasn’t - let it go fake news, the accounts are not even out until next April
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Post by stuttgartershrew on Nov 27, 2023 7:57:06 GMT 1
Since the local factory owner started to put money into the local football club to give the workers some entertainment on a Saturday clubs have depended on someone putting money into the club to make them sustainable and successful. If there is an owner who is unwilling or incapable of doing so then I would question why he is there in the first place.
All I am getting from this again is that as a club we can't even afford 12th in the 3rd division. I guess we'll have to see what the accounts tell us.
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Post by darkshrew on Nov 27, 2023 9:10:10 GMT 1
My money is on the club issuing new shares and the chairman buying them. There is sufficient headroom in the authorised share capital to do this, and it is potentially the best way for the Chairman to get a massive return on his input of cash. If he does it this way, let's see the price per share paid in the accounts....
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Post by ProudSalopian on Nov 27, 2023 9:10:44 GMT 1
Although in the early summer I was somewhat sceptical about suggestions the club was in trouble, this statement does appear to confirm that it is in a very tricky monetary situation. The Chairman has responded to this by personally shoring up the finances while things are being sorted (which could take some time). However, in this situation he could have decided: 1. To sell players and cut the playing budget, which would risk relegation but going into League 2 could allow the club to reconsolidate. I must admit that i'm confused (easily done) but whenever someone suggests that the current squad/management team is not good enough then one of the reasons/excuses for this is because they are working with a much reduced budget. But here we are suggesting that it is thanks to Roland that we haven't had to go down that route? So which is it? Has Roland slashed the budget to safeguard the future of the club or is it Roland's financial support which has done it? I'm obviously not expecting an answer from you as assume you are in the dark like the rest of us.
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shrewinspain
Midland League Division Two
Grumpy old retired git
Posts: 125
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Post by shrewinspain on Nov 27, 2023 10:33:31 GMT 1
My money is on the club issuing new shares and the chairman buying them. There is sufficient headroom in the authorised share capital to do this, and it is potentially the best way for the Chairman to get a massive return on his input of cash. If he does it this way, let's see the price per share paid in the accounts.... If you could fill your boots with shares below fair value just before the club is bought, isn't that exactly what you'd do ? Pleading poverty could be a way to try and avoid the minority shareholders from bringing an action for the dilution of their shares, but I think that would be fanciful thinking as this would be a pretty cynical thing to do. If I was a minority shareholder I would be expecting a loan arrangement rather than shares being issued to bolster even further the shareholding of the majority shareholder. If it is shares and the club is sold in short order, then Roland could be in trouble.
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Post by ProudSalopian on Jan 17, 2024 22:08:00 GMT 1
I mentioned this on the SP thread but thought it was worthy of discussion. Ollie Westbury has said tonight: "Liam Dooley says the club have been looking for investment for some time and there are two interested parties in the negotiations. He also said chairman Roland Wycherley and Duncan Montgomery are bankrolling the club due to their financial position at the moment"
Is anyone confused by this? In September Moore stated " The budget that we have this year is sustainable. This club can cope with this budget year on year."
www.shropshirestar.com/sport/football/shrewsbury-town-fc/2023/09/18/micky-moore-overspending-last-season-created-highest-budget-in-137-year-shrewsbury-history/ Therefore if the budget is sustainable, how come Roland and Duncan are financing the club themselves? What am I missing?
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Post by llanymynechshrew on Jan 17, 2024 22:16:43 GMT 1
Ain't we still awaiting the money from the premiership?
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Post by staffordshrew on Jan 17, 2024 22:19:30 GMT 1
Ain't we still awaiting the money from the premiership? Yes, I understand we are still waiting.
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Post by Pilch on Jan 17, 2024 22:23:27 GMT 1
I mentioned this on the SP thread but thought it was worthy of discussion. Ollie Westbury has said tonight: "Liam Dooley says the club have been looking for investment for some time and there are two interested parties in the negotiations. He also said chairman Roland Wycherley and Duncan Montgomery are bankrolling the club due to their financial position at the moment"
Is anyone confused by this? In September Moore stated " The budget that we have this year is sustainable. This club can cope with this budget year on year."
www.shropshirestar.com/sport/football/shrewsbury-town-fc/2023/09/18/micky-moore-overspending-last-season-created-highest-budget-in-137-year-shrewsbury-history/ Therefore if the budget is sustainable, how come Roland and Duncan are financing the club themselves? What am I missing? I think this has been the case for 12 months
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Post by mattmw on Jan 17, 2024 22:24:42 GMT 1
Ain't we still awaiting the money from the premiership? Yes, I understand we are still waiting. What I don't quite get about that missing premier league money is why other league one and two clubs aren't kicking up a fuss about it. There are other clubs seemingly far worse off than us, who would be badly affected. But I dont see clubs raising it much or the league themselves
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Post by jamo on Jan 17, 2024 22:26:29 GMT 1
Therefore if the budget is sustainable, how come Roland and Duncan are financing the club themselves? What am I missing? You’re not missing anything. You just need to wait for the smoke screen to dissipate
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Post by mattmw on Jan 17, 2024 22:29:31 GMT 1
I mentioned this on the SP thread but thought it was worthy of discussion. Ollie Westbury has said tonight: "Liam Dooley says the club have been looking for investment for some time and there are two interested parties in the negotiations. He also said chairman Roland Wycherley and Duncan Montgomery are bankrolling the club due to their financial position at the moment"
Is anyone confused by this? In September Moore stated " The budget that we have this year is sustainable. This club can cope with this budget year on year."
www.shropshirestar.com/sport/football/shrewsbury-town-fc/2023/09/18/micky-moore-overspending-last-season-created-highest-budget-in-137-year-shrewsbury-history/ Therefore if the budget is sustainable, how come Roland and Duncan are financing the club themselves? What am I missing? Can kind of understand Wycherley putting his own money into the club due to his long association and him being the owner. Seems very generous of Duncan Montgomery to be doing it too considering he's new to the board, and wouldnt see him as being responsible for any past issues that have seen the £1.6 million we had in the bank in April 2022 disapper
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Post by northwestman on Jan 17, 2024 22:37:53 GMT 1
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Post by tarporleyblue on Jan 17, 2024 22:45:44 GMT 1
I mentioned this on the SP thread but thought it was worthy of discussion. Ollie Westbury has said tonight: "Liam Dooley says the club have been looking for investment for some time and there are two interested parties in the negotiations. He also said chairman Roland Wycherley and Duncan Montgomery are bankrolling the club due to their financial position at the moment"
Is anyone confused by this? In September Moore stated " The budget that we have this year is sustainable. This club can cope with this budget year on year."
www.shropshirestar.com/sport/football/shrewsbury-town-fc/2023/09/18/micky-moore-overspending-last-season-created-highest-budget-in-137-year-shrewsbury-history/ Therefore if the budget is sustainable, how come Roland and Duncan are financing the club themselves? What am I missing? Can kind of understand Wycherley putting his own money into the club due to his long association and him being the owner. Seems very generous of Duncan Montgomery to be doing it too considering he's new to the board, and wouldnt see him as being responsible for any past issues that have seen the £1.6 million we had in the bank in April 2022 disapper No mention of Paul Delves also having to put his hand in his pocket. Perhaps he's not willing to?
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Post by ssshrew on Jan 17, 2024 22:52:18 GMT 1
I mentioned this on the SP thread but thought it was worthy of discussion. Ollie Westbury has said tonight: "Liam Dooley says the club have been looking for investment for some time and there are two interested parties in the negotiations. He also said chairman Roland Wycherley and Duncan Montgomery are bankrolling the club due to their financial position at the moment"
Is anyone confused by this? In September Moore stated " The budget that we have this year is sustainable. This club can cope with this budget year on year."
www.shropshirestar.com/sport/football/shrewsbury-town-fc/2023/09/18/micky-moore-overspending-last-season-created-highest-budget-in-137-year-shrewsbury-history/ Therefore if the budget is sustainable, how come Roland and Duncan are financing the club themselves? What am I missing? Can kind of understand Wycherley putting his own money into the club due to his long association and him being the owner. Seems very generous of Duncan Montgomery to be doing it too considering he's new to the board, and wouldnt see him as being responsible for any past issues that have seen the £1.6 million we had in the bank in April 2022 disapper I’m sure Duncan Montgomery will have his reasons.
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Post by martinshrew on Jan 17, 2024 22:57:13 GMT 1
No mention if they're getting discounted shares in return? RW is only fixing what he's caused.
The article makes them sound like Santa clause when it could be the opposite.
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Post by welshshrew on Jan 17, 2024 23:52:49 GMT 1
I mentioned this on the SP thread but thought it was worthy of discussion. Ollie Westbury has said tonight: "Liam Dooley says the club have been looking for investment for some time and there are two interested parties in the negotiations. He also said chairman Roland Wycherley and Duncan Montgomery are bankrolling the club due to their financial position at the moment"
Is anyone confused by this? In September Moore stated " The budget that we have this year is sustainable. This club can cope with this budget year on year."
www.shropshirestar.com/sport/football/shrewsbury-town-fc/2023/09/18/micky-moore-overspending-last-season-created-highest-budget-in-137-year-shrewsbury-history/ Therefore if the budget is sustainable, how come Roland and Duncan are financing the club themselves? What am I missing? I think this has been the case for 12 months Wrong.
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