Confimred new owners of Raeding Footbal Club

[maffff]

[multisync1830]

You have way too much time on your hands...

[Royal Rother]

Didn't Charles Watts tweet that if we wanted to know where the £5 million for Kebe and Marriappa had gone, we needed to look to Russia? Who knows how much else they've taken with them.

Do you think it's possible that might have been repayment of loans made by Russia?

Loans for what? The PL money has paid for everything, and there's rumours we've already used this seasons parachute payment which isn't even payable until May, via a loan from Vibrac. If that is true, and someone else on here was confident it was and knew more about the bank and their interest on such loans, then clearly a lot of money seems to have gone AWOL. It's unlikely we'll ever know the truth tho.

In these accounts the amount owing to TSI stood at £19m. They effectively took over SJM's loans I believe, although that grew by circa £4m in these accounts. So that means they effectively injected MORE into RFC. May not have been by cash, but that's the net effect. (RFC Holdings loan to the club was reduced by exactly £3m.)

The PL money quite clearly DID NOT pay for everything.

[melonhead]

Didn't Charles Watts tweet that if we wanted to know where the £5 million for Kebe and Marriappa had gone, we needed to look to Russia? Who knows how much else they've taken with them.

i just assumed he meant anton knows how much money we got in for them, and whether we can spend it or not. not hes taken the money and legged it....

[MouldyRoyal]

In these accounts the amount owing to TSI stood at £19m. They effectively took over SJM's loans I believe, although that grew by circa £4m in these accounts. So that means they effectively injected MORE into RFC. May not have been by cash, but that's the net effect. (RFC Holdings loan to the club was reduced by exactly £3m.)

The PL money quite clearly DID NOT pay for everything.

Or the loans taken over by TSI became interest bearing (SJM's loans were at 0%) and the interest unpaid was rolled into the loan amount.

But I'd suspect if the Kebe/Marriapa money has disappeared it has paid off some of the loans to AZ. Which is what happens with debt. You have to pay it back.

As a slight aside, what always makes lol* is when people (not you) talk about club owner's "investing" money into the club, and then getting pissy when those owner's take a return on their investment.

[melonhead]

In these accounts the amount owing to TSI stood at £19m. They effectively took over SJM's loans I believe, although that grew by circa £4m in these accounts. So that means they effectively injected MORE into RFC. May not have been by cash, but that's the net effect. (RFC Holdings loan to the club was reduced by exactly £3m.)

The PL money quite clearly DID NOT pay for everything.

Or the loans taken over by TSI became interest bearing (SJM's loans were at 0%) and the interest unpaid was rolled into the loan amount.

But I'd suspect if the Kebe/Marriapa money has disappeared it has paid off some of the loans to AZ. Which is what happens with debt. You have to pay it back.

As a slight aside, what always makes lol* is when people (not you) talk about club owner's "investing" money into the club, and then getting pissy when those owner's take a return on their investment.

i think SJMs loans were always at a preferential interest rate. not no interest at all.

[Tommy Youlden's Ears]

As a slight aside, what always makes lol* is when people (not you) talk about club owner's "investing" money into the club, and then getting pissy when those owner's take a return on their investment.

You mean when 'investing' means 'spunking your wealth on my hobby whilst I abuse you from behind a keyboard' - that definition of 'investing'?

[MouldyRoyal]

Fair enough, seem to recall it was 0% but I haven't looked at the accounts for a couple of years so don't recall.

In either case it would be drastically less than the cost of debt funding from a PE house!

[Royal Lady]

I just presumed AZ/TSI had paid SJM his £12.5 million or whatever it was - and loaned the club some money for Jason Roberts - did he also put his own money into achieving Cat 1 Academy Status? And what is happening with the training ground?

[ZacNaloen]

The Training ground is waiting for planning permission

[1871 not 1998]

The PL money quite clearly DID NOT pay for everything.

nope, but the missing parachute money the club had to loan as an advance to keep afloat begs a lot of questions though.

[Ian Royal]

I don't subscribe to the must pay more crowd, we've proved time and again it's not how much you spend but how cleverly you spend it that matters. Deeper pockets opens more targets, but it's not a requirement.

Not spending much at all is not the same as spending cleverly. The amount of money spent is not an indicator of how well you will succeed but decent promise and established talent costs money. Else you are relying on a club being able to spot something other clubs miss (not sure how that could be done to a consistent enough level to make a difference) or treating the transfer windows like roulette.

Deeper pockets not only open more targets, they reduce risk that your investment will bomb. I appreciate we have some lovely examples of spent-big-sucked-ass signings but the same people who sling this logic around are the same who rely on the notion that clever investment (i.e. identifying the right targets) validates cheap spending.

Why is clever investment only applicable to cheap players?

It's not, but we've demonstrated where our strengths lie, so it would be sensible to play to them. Happilly we've done something to address that.

And I'd argue you tend to learn more from your mistakes than your successes and when you're not experienced at something you'll make plenty of mistakes. Which is born out by our poor forays into spending big(ger) so far. although there are signs our mistakes in that regard have been less bad second time around.

[Ian Royal]

The PL money quite clearly DID NOT pay for everything.

nope, but the missing parachute money the club had to loan as an advance to keep afloat begs a lot of questions though.

Well it's not paid in full until the end of the season isn't it?

The PL money paid for the PL season, well almost. The parachute payments pay some of this season. It's not that difficult is it?

Last time around we reportedly reduced our wage budget by 40%. We didn't make as many big signings and we sold more players. Even a wages reduction of 40% this time around leaves us with an estimate of £27.6m wage budget for this season. And I think that's conservative as the promotion season was £26.5m! iirc las time we were relegated our first season back the wage budget was £6m - £7m higher than the previous Championship season at least.

I'd be amazed if our Turnover is above £25m this season. We're going to be making a big loss without anyone sucking money out of the club.

[Royal Rother]

The PL money quite clearly DID NOT pay for everything.

nope, but the missing parachute money the club had to loan as an advance to keep afloat begs a lot of questions though.

Sorry, maybe I've missed something along the way... What "missing parachute money"?

[ZacNaloen]

Parachute don't get paid until season end. That's why the loan was needed.

[Royal Rother]

Right, so the missing parachute money isn't actually missing because it isn't actually due yet.

Highly technical this stuff you know.

[3points]

f

and there's rumours we've already used this seasons parachute payment which isn't even payable until May, via a loan from Vibrac. If that is true, and someone else on here was confident it was and knew more about the bank and their interest on such loans, then clearly a lot of money seems to have gone AWOL. It's unlikely we'll ever know the truth tho.

That was me. The Vibrac security documents are filed at Companies House. Putting 2+2 together - pretty likely we took a loan from Vibrac to cover the wages while waiting for the parachute payments to be made at the end of the season.

I expect there were a lot of wage related payments made last year that won't necessarily re-occur this season. The signing on fees of Pog (rumoured at 4m), Guthrie and McCleary. The compensation payments to McDermott and his backroom staff (McD had quite a long time left on his contract). Plus we still have Roberts on the wage bill. I suspect Adkins got a golden hello on fee as well given it seemed to take a while to persuade him to come to RFC.

[floyd__streete]

According to a m8 who works for the club, the deal with both interested parties is now likely to be OFF.

ShambLOLes.

[Royal Rother]

f

and there's rumours we've already used this seasons parachute payment which isn't even payable until May, via a loan from Vibrac. If that is true, and someone else on here was confident it was and knew more about the bank and their interest on such loans, then clearly a lot of money seems to have gone AWOL. It's unlikely we'll ever know the truth tho.

That was me. The Vibrac security documents are filed at Companies House. Putting 2+2 together - pretty likely we took a loan from Vibrac to cover the wages while waiting for the parachute payments to be made at the end of the season.

I expect there were a lot of wage related payments made last year that won't necessarily re-occur this season. The signing on fees of Pog (rumoured at 4m), Guthrie and McCleary. The compensation payments to McDermott and his backroom staff (McD had quite a long time left on his contract). Plus we still have Roberts on the wage bill. I suspect Adkins got a golden hello on fee as well given it seemed to take a while to persuade him to come to RFC.

So not a loan to finance the purchase of Bearwood?

[Pepe the Horseman]

According to a m8 who works for the club, the deal with both interested parties is now likely to be OFF.

ShambLOLes.

lol