Fowls owe 12m in unpaid wages

Discussion in 'Bulletin Board' started by onlyonesteviecooper, Jun 6, 2021.

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  1. onlyonesteviecooper

    onlyonesteviecooper Well-Known Member

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    Admin surely. (Dont call me Shirley)
     
    onlyonesteviecooper, Jun 6, 2021
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  2. Marc

    Marc Administrator Staff Member Admin

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    League 2 feels fitting
     
    Marc, Jun 6, 2021
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  3. Tyke_67

    Tyke_67 Well-Known Member

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    That's a massive amount :)
     
    Tyke_67, Jun 6, 2021
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  4. Dav

    DavidCurriesMullet Well-Known Member

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    What wages were they paying including bonuses? Looking at these figures it suggests they had incentives for everything barring using the clubs lavs.
     
    DavidCurriesMullet, Jun 6, 2021
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  5. Redhelen

    Redhelen Well-Known Member

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    A complete and utter shambles. Yet they gave Bannan a new contract mid season on reputedly £27 000 a week!!
     
    Redhelen, Jun 6, 2021
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  6. Bak

    Baka Well-Known Member

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    £27k a week for Barry Bannan. He only renewed his contract a few months ago, as well.
     
    Baka, Jun 6, 2021
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  7. Old Goat

    Old Goat Well-Known Member

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    Nailed on for me, unless they manage to get an extremely stupid and extremely wealthy buyer.
     
    Old Goat, Jun 6, 2021
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  8. Red

    RedVesp Guest

    Hillsborough could well be a retail park within the next 5 years...
     
    RedVesp, Jun 6, 2021
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  9. Bak

    Baka Well-Known Member

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    As long as that? They are on course to be kicked out in September, when they default on their £7million(?) rent.
     
    Baka, Jun 6, 2021
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  10. pompey_red

    pompey_red Well-Known Member

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    who would kick them out? They owe the money to themselves don’t they?
     
    pompey_red, Jun 6, 2021
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  11. Jack Tatty

    Jack Tatty Well-Known Member

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    Whilst continuing to pay Barry Bannan £27k a week.
     
    Jack Tatty, Jun 6, 2021
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  12. Old Goat

    Old Goat Well-Known Member

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    They owe it to the owner of the ground. It might not feel like it, but financially the club and the ground owner are two separate entities. The club has to pay the rent from its bank account somehow. They're basically stuffed unless they have another cunning plan.

    (Happy to be corrected, if I've misunderstood the situation).
     
    Old Goat, Jun 6, 2021
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  13. Jack Tatty

    Jack Tatty Well-Known Member

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    Edited for you pal.
     
    Jack Tatty, Jun 6, 2021
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  14. Bak

    Baka Well-Known Member

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    Their fans don't seem to think so - and then there is this:

    "Chansiri agreed to pay £60m for Hillsborough, with the club's 2017-18 accounts showing that an initial payment of £7.5m was due within one year. The 2018-19 accounts are now two months overdue at Companies House.

    The pending charge has been registered by New Avenue Projects Limited, a company which has previously acted as an intermediary, matching clubs who need finance with lenders, and taking a commission on the deal.

    It means financing of the loan may involve an unknown third party, which could be an individual or a financial institution.

    New Avenue Projects Limited is owned and run by Nigel Weiss, a former city finance lawyer."
     
    Baka, Jun 6, 2021
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  15. Tyke_67

    Tyke_67 Well-Known Member

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    but what about the people with 15 year season tickets? :)
     
    Tyke_67, Jun 6, 2021
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  16. Jul

    Julian Broddle's Perm Well-Known Member

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    Out of curiosity, does anyone know what Barry Bannan earns per week?
     
    Julian Broddle's Perm, Jun 6, 2021
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  17. Jack Tatty

    Jack Tatty Well-Known Member

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    Nowhere left to run.

    Only saleable asset they have on the pitch is Windass who will go for a fraction of his actual value. (See Wigan last summer)

    Off the.pitch they have nothing.

    Dont own the ground and the council own the training facilities.
     
    Jack Tatty, Jun 6, 2021
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  18. dreamboy3000

    dreamboy3000 Well-Known Member

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    Be the first time in years something on that land has offered value for money. The only thing massive about Washday is their debt.
     
    dreamboy3000, Jun 6, 2021
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  19. jedi one

    jedi one Well-Known Member

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    you can offer people any amount if you're not paying them
     
    jedi one, Jun 6, 2021
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  20. Red

    RedVesp Guest

    Well, the retail park would still need to be built. Mind you, they can throw them up in about 6 months these days can't they!
     
    RedVesp, Jun 6, 2021
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