I refer you to the example of one Frederick Shepherd esquire

Left Newcastle £100m in debt and on the point of administration - but took out over £5m from the club in shareholders dividends, and sold the club to Mike Ashley for over 70m big ones. Nice work if you can get it...

Posted By: thebigfeller on November 1st 2007 at 09:58:04

Message Thread

So this is the plan? (Other Football) - The King of Prussia, Nov 1, 09:22:25
- I wish that sort of thing would happen to us.... (Other Football) - phrankin, Nov 1, 09:48:07
  - I don't! (Other Football) - BerlinCanary, Nov 1, 09:53:31
    - no advantage for him to pull the plug - he is the majority shareholder at the club!! (n/m) (Other Football) - phrankin, Nov 1, 09:54:52
      - Sigh (Other Football) - BerlinCanary, Nov 1, 09:55:47
        
        haha (n/m) (Other Football) - duke of york, Nov 1, 09:57:10
  - Actually I don't (Other Football) - The King of Prussia, Nov 1, 09:51:54
    - Well when our investment is a 2 million loan, (Other Football) - phrankin, Nov 1, 09:53:57
      - You see my definition of "right royally fucked" (Other Football) - The King of Prussia, Nov 1, 09:56:29
        
        but said businessman now owns the club (Other Football) - phrankin, Nov 1, 09:58:52
        
        Except that (Other Football) - The King of Prussia, Nov 1, 10:02:07
        
        he owns 87.5% of the club - FACT (n/m) (Other Football) - phrankin, Nov 1, 10:04:08
        
        ... (Other Football) - The King of Prussia, Nov 1, 10:08:15
        
        Now that's a (Other Football) - Yellalee, Nov 1, 10:11:33
        
        the deal is fully backed by their board (n/m) (Other Football) - phrankin, Nov 1, 10:16:02
        
        yep then he will own 87.5% of the club... (n/m) (Other Football) - phrankin, Nov 1, 10:10:32
        
        So when you said (Other Football) - The King of Prussia, Nov 1, 10:28:06
        
        ignorance (Other Football) - phrankin, Nov 1, 11:59:19
        
        But we won't owe it to him you idiot, we are debt free! you should try it one day (n/m) (Other Football) - DUFFYIN, Nov 1, 09:58:06
- One of the things about all these supposed rich benefactors that most don't realise (Other Football) - BerlinCanary, Nov 1, 09:38:34
  - There is no long term money to be made in investing (Other Football) - duke of york, Nov 1, 09:42:36
    - Well that must be the plan (Other Football) - The King of Prussia, Nov 1, 09:46:13
    - Not true. As long as you can stay in the Prem, there's a packet to be made by selling up (n/m) (Other Football) - thebigfeller, Nov 1, 09:45:40
      - Surely you need to keep spending the extra revenue (Other Football) - duke of york, Nov 1, 09:47:39
        
        I refer you to the example of one Frederick Shepherd esquire (Other Football) - thebigfeller, Nov 1, 09:58:04
        
        yeah but the premiership 50 million sure does help (n/m) (Other Football) - phrankin, Nov 1, 09:48:55
        
        Not if you spend it all again (n/m) (Other Football) - BerlinCanary, Nov 1, 09:51:54
        
        And then get relegated anyway (n/m) (Other Football) - duke of york, Nov 1, 09:57:34
  - The position has improved in that (Other Football) - The King of Prussia, Nov 1, 09:41:31
    - I'm misunderstanding then - thought the 12m was for the equity? (Other Football) - BerlinCanary, Nov 1, 09:50:29
      - It's new shares that will be created (Other Football) - The King of Prussia, Nov 1, 09:53:28
        
        Ah, right, got it! (n/m) (Other Football) - BerlinCanary, Nov 1, 09:55:08
  - No our debt has been WIPED i.e we owe nobody a penny! (Other Football) - DUFFYIN, Nov 1, 09:40:41
    - Right.... like I own my house, you mean? (n/m) (Other Football) - Chelmsford Yella, Nov 1, 09:43:13
      - You are lucky to own your house without a mortgage good on you mate! (n/m) (Other Football) - DUFFYIN, Nov 1, 09:51:45
- Problem is that, with the Scum's quoted ambition, 12m is fuck all really. (n/m) (Other Football) - Snakey, Nov 1, 09:35:17
  - its about the amount Roy Keane spent on Sunderland (Other Football) - phrankin, Nov 1, 09:51:41
    - Yeah but Jim Magilton is no Roy Keane. (n/m) (Other Football) - Snakey, Nov 1, 09:54:37
      - Its sad to say, but it Looks like he is doing OK to me...... (Other Football) - phrankin, Nov 1, 09:56:18
        
        Luck. Will run out on Sunday. OTBC ! (n/m) (Other Football) - Snakey, Nov 1, 09:57:38
        
        Luck (Other Football) - The King of Prussia, Nov 1, 09:59:09
        
        Schumacher 1986 ? (n/m) (Other Football) - Snakey, Nov 1, 10:01:28
        
        No Scum last week (n/m) (Other Football) - The King of Prussia, Nov 1, 10:02:44
        
        as well. (n/m) (Other Football) - Snakey, Nov 1, 10:04:32
        
        We would have won that game with 10 men, were far to good! (n/m) (Other Football) - DUFFYIN, Nov 1, 10:00:21
        
        What against the worst team in championship history, doubt it snake boy! (Other Football) - DUFFYIN, Nov 1, 09:59:05
  - Well this is the team (Other Football) - The King of Prussia, Nov 1, 09:38:47
    - exactly. (n/m) (Other Football) - Snakey, Nov 1, 09:42:20
    - what risk? WE ARE DEBT FREE NOW, WE OWE NOTHING (Other Football) - DUFFYIN, Nov 1, 09:42:02
- Not quite sure how you got those figures KoP, but... (Other Football) - Chelmsford Yella, Nov 1, 09:27:29
  - £32m debt at 20p in the £. (Other Football) - Arizona Bay, Nov 1, 09:36:14
  - Figures came from the EDp (n/m) (Other Football) - The King of Prussia, Nov 1, 09:31:10
- In the last decade I have done a string of cases for and against people like Evans (Other Football) - Old Git, Nov 1, 09:26:36
  - Obviously it could work for everyone (Other Football) - The King of Prussia, Nov 1, 09:35:22
    - £12m doesn't guarantee a promotion. (Other Football) - Arizona Bay, Nov 1, 09:37:44
      - Indeed. You could look at Wolves for that. (n/m) (Other Football) - Snakey, Nov 1, 09:43:41
      - Were already cruising in the league without the money, imagine our squad with 2 or 3 £3mil (Other Football) - DUFFYIN, Nov 1, 09:39:52
  - Yes he will spend £18m to buy a club the size of Ipswich town (Other Football) - DUFFYIN, Nov 1, 09:28:29
- Nope, Evans as owner is paying of the £6m debt! (Other Football) - DUFFYIN, Nov 1, 09:25:13
  - Wot goes around comes around scummer...... (Other Football) - Taxi 4 Johnson, Nov 1, 09:28:02
    - Was roman Abramovich a big chelsea fan before he bought them? (Other Football) - DUFFYIN, Nov 1, 09:29:32
      - Yeah.... that Sheepshanks has shown impeccable business acumen in recent yrs hasn't he (n/m) (Other Football) - Taxi 4 Johnson, Nov 1, 09:31:39
        
        but he has more than redeemed himself now though! (Other Football) - DUFFYIN, Nov 1, 09:32:56
        
        Know much about this guy do you ? (n/m) (Other Football) - Taxi 4 Johnson, Nov 1, 09:34:21
        
        Why do I need to know about him? I couldn't care if he was bin laden so long as his money (Other Football) - DUFFYIN, Nov 1, 09:43:07
  - Don't try to join in, Duffy, this is a thread for grown-ups (n/m) (Other Football) - Old Git, Nov 1, 09:27:19

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