barassie_afc Posted August 20, 2011 Share Posted August 20, 2011 Bank taken entire Goodwillie fee to pay off some of the debt, Thomsons have no cash left either........... Link to comment
fine-n-dandy Posted August 20, 2011 Share Posted August 20, 2011 Shame. But are they not only something like Link to comment
RUL Posted August 20, 2011 Share Posted August 20, 2011 Bank taken entire Goodwillie fee to pay off some of the debt, Thomsons have no cash left either........... Where did you hear that? Link to comment
barassie_afc Posted August 20, 2011 Author Share Posted August 20, 2011 Where did you hear that? Lead story on sportsound Link to comment
Broughty Ferry Arab Posted August 20, 2011 Share Posted August 20, 2011 Old news being dredged up as usual. "DUFC in trouble on the park" may have been a more apt headline... Link to comment
barassie_afc Posted August 20, 2011 Author Share Posted August 20, 2011 Old news being dredged up as usual. "DUFC in trouble on the park" may have been a more apt headline... How can it be old news re Goodwillie transfer ? Link to comment
Big Man Posted August 20, 2011 Share Posted August 20, 2011 Can't say im surprised. Its been on the cairds for a while as far as i knew: http://www.thecourier.co.uk/Sport/Football/article/16274/dundee-united-will-use-majority-of-goodwillie-transfer-fee-to-cut-club-s-debt.html Link to comment
Broughty Ferry Arab Posted August 20, 2011 Share Posted August 20, 2011 How can it be old news re Goodwillie transfer ?Old news as in everyone associated with United, including the fans, knew every penny of his transfer fee would go to the bank. Only his salary would be freed up for any transfer. Link to comment
Ke1t Posted August 20, 2011 Share Posted August 20, 2011 Old news as in everyone associated with United, including the fans, knew every penny of his transfer fee would go to the bank. Only his salary would be freed up for any transfer. Well, United's in better shape than us... less debt, almost 3 million for 1 player, and his wage put towards his replacement. And they don't have to sell their stadium just to keep the wolves at bay.... And they have a board that actually seems to give a f**k about their club. Only thing we have over United is a better support. Link to comment
Broughty Ferry Arab Posted August 20, 2011 Share Posted August 20, 2011 I'm not so sure. I've heard who his replacement may be... Link to comment
centraldon Posted August 20, 2011 Share Posted August 20, 2011 Well, United's in better shape than us... less debt, almost 3 million for 1 player, and his wage put towards his replacement. And they don't have to sell their stadium just to keep the wolves at bay.... And they have a board that actually seems to give a f**k about their club. Only thing we have over United is a better support.And we play in red! Who the fuck wants a tangerine replica top? Link to comment
Ke1t Posted August 20, 2011 Share Posted August 20, 2011 I also forgot... we don't play/live in Dundee, so that's a major factor we have over United. Whiskey Ice Cubes.... that's f**king genius....! As I was typing that first bit the idea of Jack Daniels ice cubes just came to me. Think I'll make a tray of them right now. :idea: Link to comment
Ke1t Posted August 20, 2011 Share Posted August 20, 2011 I'm not so sure. I've heard who his replacement may be... I'm betting it's little Jimmy McFadden. Maybe not. Link to comment
dj_bollocks Posted August 20, 2011 Share Posted August 20, 2011 I'm betting it's little Jimmy McFadden. Maybe not. He not coming to play for us then ? :hysterical: Link to comment
Monkey Posted August 20, 2011 Share Posted August 20, 2011 Bit in the story on the BBC website that they may have to sell another player before the end of August as well. Link to comment
ollie1903 Posted August 20, 2011 Share Posted August 20, 2011 I'm not so sure. I've heard who his replacement may be... Why so suicidal. Mackie will get you 56 goals. Over the next 13 years. Link to comment
V for Vendetta Posted August 20, 2011 Share Posted August 20, 2011 I'm not so sure. I've heard who his replacement may be... L Griffiths? Want Mackie? Link to comment
fatshaft Posted August 20, 2011 Share Posted August 20, 2011 Well, United's in better shape than us... less debt, almost 3 million for 1 player, and his wage put towards his replacement. 7 players brought in and an 8th sanctioned by Wiggy, seems we're pretty well off in that department, not as we are this summer, in the position of having to sell anyone And they don't have to sell their stadium just to keep the wolves at bay....Neither do AFC. And unlike the Arabs, we have a brand new spaning stadium just a matter of months away, rather than a sticklebrick piece of sh*t. We also don;t have a Chairman with no money left at all. And they have a board that actually seems to give a f**k about their club.Although said board don't have a penny to rub between them Only thing we have over United is a better support.And a better ground, much better future ground, wealthier Chariman, a better history, more trophies won, and we are not in Dundee Link to comment
Foster14 Posted August 20, 2011 Share Posted August 20, 2011 I think the greater issue with United is that if the Thomsons are unwilling to give any personal guarantees then they will be less open to continuing the same level of lending. With Aberdeen we know that they aren't going to call it in any time soon, even if it is considerablely higher... Link to comment
wilm1542 Posted August 20, 2011 Share Posted August 20, 2011 How much debt do we have as a club?? Link to comment
Jack_Glass Posted August 20, 2011 Share Posted August 20, 2011 7 players brought in and an 8th sanctioned by Wiggy, seems we're pretty well off in that department, not as we are this summer, in the position of having to sell anyone Neither do AFC. And unlike the Arabs, we have a brand new spaning stadium just a matter of months away, rather than a sticklebrick piece of sh*t. We also don;t have a Chairman with no money left at all. Although said board don't have a penny to rub between them And a better ground, much better future ground, wealthier Chariman, a better history, more trophies won, and we are not in Dundee :thumbs: Link to comment
K-9 Posted August 20, 2011 Share Posted August 20, 2011 How much debt do we have as a club??Around 15 million now. Link to comment
Ke1t Posted August 21, 2011 Share Posted August 21, 2011 7 players brought in and an 8th sanctioned by Wiggy, seems we're pretty well off in that department, not as we are this summer, in the position of having to sell anyone We lost a shitload of our high earners and haven't replaced them. Neither do AFC. And unlike the Arabs, we have a brand new spaning stadium just a matter of months away, Believe that when you see it. We also don;t have a Chairman with no money left at all. Our chairman has 400 million.... he may as well be skint for all the good his fortune does us. Although said board don't have a penny to rub between them See above. And a better ground, Well, yeah, but is AIDS better than Ebola? It's relative , given they're both dumps. much better future ground, Believe that when you see it. wealthier Chariman He has a net worth of 400 million, but he may as well be skint for all the good his vast wealth does us.... deja vu. , a better history, more trophies won, Been a long time since anyone saw us win a trophy and we are not in Dundee Can't deny the benefits of not being Dundonian.... Link to comment
tup Posted August 21, 2011 Share Posted August 21, 2011 At least we can console ourselves we dinna have a hun-lovin chairman who's prepared to take the side of Rangers FC, an organisation on a par with Hezbollah, over his own supporters. He's a clown, and it's guys like him that have allowed Scottish football to sink into this rut, by kow-towing to the Glasgow clubs, when the stance taken should be the polar opposite i.e. outright contempt and total confrontation of their nonsense at all times. Link to comment
Bamber Posted August 21, 2011 Share Posted August 21, 2011 How much debt do we have as a club?? It doesnt matter how much debt you have - the only thing that matters is an ability to keep the banks happy that you can pay it Dundee United have a smaller debt than us but seem to be struggling to persuade the bank of an ability to pay, hearts have a much bigger debt yest are able to persuade the bank they can pay so basically when ever anyone asks what our debt is they are asking the wrong question, the question is what is our ability to keep the bank happy we can continue to pay our debt Answer for Dundee United seems "not much" Answer for Aberdeen seems "fair" Answer for hearts seems "good" (they just need to persuade others of the fact) Link to comment
tup Posted August 21, 2011 Share Posted August 21, 2011 Yet, conversely, and somewhat bizarrely, the banks ability to cover their own debts was in question for some time recently, yet they continue to pulverise the likes of ourselves with exorbitant interest rates for the money they deign to lend us. Yet the taxpayer lends them the bailout FOC (I think there is some benefit to it but not for 25 years). You could not make it up. Link to comment
Bamber Posted August 21, 2011 Share Posted August 21, 2011 Yet, conversely, and somewhat bizarrely, the banks ability to cover their own debts was in question for some time recently, yet they continue to pulverise the likes of ourselves with exorbitant interest rates for the money they deign to lend us. Yet the taxpayer lends them the bailout FOC (I think there is some benefit to it but not for 25 years). You could not make it up. There was always a beleif that banks could not fail so runing up massive debt was ok - been showed to be true as there has been no real punishment and a bail out. Big failing of PFI is that the companies doing the work will not bne allowed to fail so loans flood in cheaply Thats a discussion for Off topic BUT Dundee united has unsustainably been paying over the odds for sometime no doubt BFA will tell us the books have been good but much of that was due to arkwright year on year issuing more shares and pumping capital into the club that way - his share owning went through the roof to provide funds. There always was a finitie amoun of cash, it was speculate to accumulate or a plaything in later life i dont know, I would suggest the latter and now its crashing down Live within means as far as possible though not something to make most happy is a better motto, likely to keep the bank onside and keep you going forward you can even increase debt so long as the bank believs you can continue to service the debt Link to comment
tup Posted August 21, 2011 Share Posted August 21, 2011 Borrowing up to the eyeballs is de rigeur in football now, as it has been in life for some. I can understand it when it comes to building training facilities or stadiums, but running up massive credit to fund transfer sprees (Liverpool, Leeds, Rangers) is criminally stupid, and cannot possibly represent coherent long term strategy. United seem to have spent the money they owe on their squad. So I've zero sympathy for them. Link to comment
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