Shahid recently wiped another 15m worth of debt by converting loans into shares recently, following his 250m bailout in 2022 which were 151m of loans into shares and pumping another 93m in financial support.
I for one am thankful that we have an owner who does this and doesnt absolutely fleece us with debt.
Kieran Maguire ( finance expert) snippet here about how fulham are run, however i believe the rest is on a podcast somewhere
https://www.footballinsider247.com/kieran-maguire-drops-shahid-khan-verdict-after-13m-fulham-reveal/ (https://www.footballinsider247.com/kieran-maguire-drops-shahid-khan-verdict-after-13m-fulham-reveal/)
So we constantly run huge debts but it's converted to capital. Nothing to be proud of?
Quote from: Sammyffc on September 02, 2023, 06:23:17 PMShahid recently wiped another 15m worth of debt by converting loans into shares recently, following his 250m bailout in 2022 which were 151m of loans into shares and pumping another 93m in financial support.
I for one am thankful that we have an owner who does this and doesnt absolutely fleece us with debt.
Kieran Maguire ( finance expert) snippet here about how fulham are run, however i believe the rest is on a podcast somewhere
https://www.footballinsider247.com/kieran-maguire-drops-shahid-khan-verdict-after-13m-fulham-reveal/ (https://www.footballinsider247.com/kieran-maguire-drops-shahid-khan-verdict-after-13m-fulham-reveal/)
Thanks for sharing. Fans are sometimes unaware of these points and transfer activity is often the main/only indicator of how good or bad an owner is.
We have excellent owners. The debt to equity swaps, investment into academy, stadium and training facilities can't be underestimated.
Quote from: Penfold on September 02, 2023, 06:33:11 PMSo we constantly run huge debts but it's converted to capital. Nothing to be proud of?
Agreed however its better than being saddled with debt and just paying off interest like the majority of clubs.
As a club we need to do more to push revenue but the general public can only do so much. Itll be even worse come 26 when the gambling sponsor ban comes into play.
Id assume FlexnGate would have to come in and offset a big loss from those sponsorships.
We may have an excellent owner but whether we have an excellent DOF is a different question. I get rather fed up with people talking about the " Khans" as some sort of collective. There is an owner and a son who has certain responsibilities . I never lump the two together because it doesn't really make sense to do so.
I believe that our strategy during this window was floored. Of course it wasn't the Club' s fault that the Saudis came in and muddied the waters . However sticking to a risky buy late for value was, in my opinion , negligent. I do not lay that on the owner's shoulders but on the man whose responsibility it is
Quote from: HV71 on September 02, 2023, 06:49:31 PMWe may have an excellent owner but whether we have an excellent DOF is a different question. I get rather fed up with people talking about the " Khans" as some sort of collective. There is an owner and a son who has certain responsibilities . I never lump the two together because it doesn't really make sense to do so.
I believe that our strategy during this window was floored. Of course it wasn't the Club' s fault that the Saudis came in and muddied the waters . However sticking to a risky buy late for value was, in my opinion , negligent. I do not lay that on the owner's shoulders but on the man whose responsibility it is
MS has stated what the strategy was several times in his press conferences.
He said that he'd agreed on the list of targets and the club was trying to sign them.
He also said that other clubs pursuit of our players had disrupted the process.
There is nothing to do when the players we want to sign don't want to sign or the clubs do not want to sell
Director of Football is a job title - what do you think it means ?
TK does not do scouting, but his software companies data is used to assess signings as one of the three ticks.
AM and the scouting team do the rest and have a tick as does MS, which makes three.
You seem to have a pop at TK on every thread, no matter what the subject
Quote from: Penfold on September 02, 2023, 06:33:11 PMSo we constantly run huge debts but it's converted to capital. Nothing to be proud of?
Building a new stand and the works to the training ground are Capital Projects so would appear in the Balance Sheet and not in the Profit an Loss Account. The are in effect an investment and raising the funds by the sale of shares is what a lot of companies do to finance Capital Investment.
Is there something wrong with that or to be ashamed of ?
You do realise that a debt swop for shares changes little? It's basically a tax efficient arrangement for our owner but the club's liabilities don't really change.
Quote from: Twig on September 02, 2023, 08:25:39 PMYou do realise that a debt swop for shares changes little? It's basically a tax efficient arrangement for our owner but the club's liabilities don't really change.
Yes, however Swissramble had a great deep dive into our finances last year. Notably that because Shad has converted so much into capital FFC's gross debt was circa 1m. The smallest amount of debt in the league.
Money ' written off ' per Swiss by shad has been around 441m.
Quote from: Twig on September 02, 2023, 08:25:39 PMYou do realise that a debt swop for shares changes little? It's basically a tax efficient arrangement for our owner but the club's liabilities don't really change.
Oh
The club liabilities reduce by the amount that is converted into shares. They are no longer liable to repay it or pay interest. It is no longer a debt.
What doesn't change is the fact that he's handed over circa £400m in recent years.
He's probably spending near to that amount on his new super yacht.
Roberty "You seem to have a pop at TK on every thread, no matter what the subject"
For the avoidance of doubt, and politely, may I suggest you get your facts right before spouting such bilge
I think as most fulham fans would agree its the wrong headlines.It should say, Fulham are the worst run club.
Quote from: MickTheBeard on September 02, 2023, 09:17:14 PMI think as most fulham fans would agree its the wrong headlines.It should say, Fulham are the worst run club.
:slap:
Put that as there's no gun o the head available!
I'm going to sit in my very expensive riverside seat and look at the balance sheet - what happiness ! What joy? What t F ?
Have a look at what manure's owner's have done..... they've actively put their club into huge debt - to pay dividends
Quote from: H4usuallysitting on September 02, 2023, 09:46:14 PMHave a look at what manure's owner's have done..... they've actively put their club into huge debt - to pay dividends
They financed their purchase of the club with loans, using the club as collateral
Quote from: Roberty on September 02, 2023, 08:04:00 PMQuote from: HV71 on September 02, 2023, 06:49:31 PMWe may have an excellent owner but whether we have an excellent DOF is a different question. I get rather fed up with people talking about the " Khans" as some sort of collective. There is an owner and a son who has certain responsibilities . I never lump the two together because it doesn't really make sense to do so.
I believe that our strategy during this window was floored. Of course it wasn't the Club' s fault that the Saudis came in and muddied the waters . However sticking to a risky buy late for value was, in my opinion , negligent. I do not lay that on the owner's shoulders but on the man whose responsibility it is
MS has stated what the strategy was several times in his press conferences.
He said that he'd agreed on the list of targets and the club was trying to sign them.
He also said that other clubs pursuit of our players had disrupted the process.
There is nothing to do when the players we want to sign don't want to sign or the clubs do not want to sell
Director of Football is a job title - what do you think it means ?
TK does not do scouting, but his software companies data is used to assess signings as one of the three ticks.
AM and the scouting team do the rest and have a tick as does MS, which makes three.
You seem to have a pop at TK on every thread, no matter what the subject
Well said. I imagine there was a time when TK did the scouting and signings. I think he probably delegates so much more than before too. The argument that he needs to be onsite just doesn't make sense either and is a narrative I see a lot. Business is done on the phone, via text, and even email is a bit ancient. I'm sure Ali Mac is given a min/max on each transfer target, with TK being the final approval when everything is signed. Honestly, what more does he need to do?
I feel that even if he was onsite, like he was for a couple years, it wouldn't matter.
You buy a house for £170k. The market increases value to £800k
You spend £150k sprucing it up and overall improvements
Heho - £480k profit. Simples
Quote from: HV71 on September 02, 2023, 09:03:05 PMRoberty "You seem to have a pop at TK on every thread, no matter what the subject"
For the avoidance of doubt, and politely, may I suggest you get your facts right before spouting such bilge
I apologise - on every thread - was an unnecessary hyperbole
Quote from: Roberty on September 02, 2023, 10:48:03 PMQuote from: HV71 on September 02, 2023, 09:03:05 PMRoberty "You seem to have a pop at TK on every thread, no matter what the subject"
For the avoidance of doubt, and politely, may I suggest you get your facts right before spouting such bilge
I apologise - on every thread - was an unnecessary hyperbole
Thank you - accepted and much appreciated . I was angry because I have given TK credit especially last year. I realise others don't agree but I do think that the strategy was floored given the unprecedented circumstances . I suppose I'm asking who is responsible for making that decision ? Having run a mult- million pound company - I think that the job title does have to carry the can . In my case it would have been me.
Anyway we all just want the best for FFC - and we all would go about it differently .Thanks again Roberty
Quote from: HV71 on September 03, 2023, 05:50:23 AMQuote from: Roberty on September 02, 2023, 10:48:03 PMQuote from: HV71 on September 02, 2023, 09:03:05 PMRoberty "You seem to have a pop at TK on every thread, no matter what the subject"
For the avoidance of doubt, and politely, may I suggest you get your facts right before spouting such bilge
I apologise - on every thread - was an unnecessary hyperbole
Thank you - accepted and much appreciated . I was angry because I have given TK credit especially last year. I realise others don't agree but I do think that the strategy was floored given the unprecedented circumstances . I suppose I'm asking who is responsible for making that decision ? Having run a mult- million pound company - I think that the job title does have to carry the can . In my case it would have been me.
Anyway we all just want the best for FFC - and we all would go about it differently .Thanks again Roberty
Run a million pound company? Well, I guess the strategy ended up on the floor in the end but think that is different from being flawed!
Damn predictive text !! Must remember to check ! Yet another error