19-06-2019, 11:31
(This post was last modified: 19-06-2019, 11:32 by Foxman_WBA.)
I kind of understand where you're coming from wba13, in isolation this loan is not a problem. Its just a fictional amount that is rolling around the club, the funds never actually existed, no actual cash has been transferred, taken etc, it was just a way for the chairman to generate more shares. I can see why the remaining shareholders are pissed as its them that have lost out. The amount should have been issued as a dividend accross the board and so a few quid (probably more like £1000's to be honest) to each shareholder is probably owed.
However, if you add this to the fact we are pleading poverty that we cant sign players, that we cant afford wages is ludicrous. The amount of income the club generates is insane, add that to the expenses (wages) we are now saving in selling the high earners then we should be perfectly able to spend and survive comfortably, without investment from the owners.
Perhaps, the board are just playing it safe and will only buy once we have officially sold all these high earners just incase we cant. However all of the communication from the club does not suggest that and suggests we are being bled dry in terms of cost, but what on?
Pretty sure I've said this before, the loan doesn’t appear good and it’s just poor judgement to leave it but the main issue is where is all our income going?
However, if you add this to the fact we are pleading poverty that we cant sign players, that we cant afford wages is ludicrous. The amount of income the club generates is insane, add that to the expenses (wages) we are now saving in selling the high earners then we should be perfectly able to spend and survive comfortably, without investment from the owners.
Perhaps, the board are just playing it safe and will only buy once we have officially sold all these high earners just incase we cant. However all of the communication from the club does not suggest that and suggests we are being bled dry in terms of cost, but what on?
Pretty sure I've said this before, the loan doesn’t appear good and it’s just poor judgement to leave it but the main issue is where is all our income going?
