I know pretty obvious but it's 3 out of

Discussion in 'Bulletin Board' started by barnsleyone, Feb 9, 2022.

  1. Tarntyke

    Tarntyke Well-Known Member

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    Ordinarily I’d be inclined to agree with you, but this ‘cheating’ and not getting relegated as a result, grates with me. WRDC would come out of it as victims that were wrongly done to coming good. Nah, has to be them for relegation for me.
     
  2. Stephen Dawson

    Stephen Dawson Well-Known Member

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    I agree. Although if the club accounts are bare as @Archerfield and someone else suggested. We're at the point where they would have to put some of their own money in.
     
  3. Redhelen

    Redhelen Well-Known Member

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    They can't keep dipping their hands in the till if they're not making money though so I think admin fairly likely under these owners.
     
  4. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Then they'd lose their initial £6, 7.2 or 8 million down payment (whichever source you accept).
     
  5. Old Goat

    Old Goat Well-Known Member

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    If that happens don't they risk losing their original investment? I don't think they'd take that option. More likely IMO that they'll look to stabilise as a League One club and then start the plan again. Or sell up and hope to make a small profit, and look for another club to buy.
     
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  6. Arc

    Archerfield Well-Known Member

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    Or they see if they can sell players in the summer to fund operating losses. Current performances and the transfer market don’t exactly point to that being a success.

    What often gets missed is that their model hasn’t been self - sustaining. Losses of £4m to May 2020 and rising. The cash is running down and so is the value of the assets.
     
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  7. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Uncle Buck wouldn't be going to all this trouble touting his impressive portfolio of entertainment real estate if they were about to do a moonlight flit. Nor would Chien Lee be boasting about doing a Red Bull Group on the cheap and beating them to the purchase of A.S Nancy. There's a bigger end game here.

    It's just I haven't got the patience and don't endorse what they want to do.
     
    Last edited: Feb 10, 2022
  8. Redhelen

    Redhelen Well-Known Member

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    It's not theirs, their investors will take the hit, probably write it off against tax and all will be hunky dory for them! Businesses go into liquidation all the time, and their owners come back up smelling of roses.
     
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  9. Stephen Dawson

    Stephen Dawson Well-Known Member

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