The Debt.

[Hoboh]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

Absolutely, or I'll put Two quid down and gazump you

[StaffsTrotter]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

I'd say nothing can be regarded as firmly reported in regard to EDs terms and conditions - all pure speculation - but I'd assume its the outstanding tax / wage bill/ loans and costs to end of season

[StaffsTrotter]

I think Wanderers are the next club to be bought by one Milan Mandaric

Wasn't he a complete failure at IIRC Leicester City? (edit) Could be Sheffield Wednesday actually

Leicester, I think? Sheff Wed he did alright and got them solvent again and very similar to the situation now there was a group of investors which he headed at Wednesday

No - he found King power for Leicester and got a consortium for Wednesday. His failure was Pompey - Gadaymak seemingly didnt do what he said he would. interesting read here
http://www.bbc.co.uk/sport/0/football/31897956" onclick="window.open(this.href);return false;

lots of talk about the fans to fit with new supporters trust and even past charges of dodgy dealing and corruption for all you conspiracy theorists

[Lost Leopard Spot]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

I'd say nothing can be regarded as firmly reported in regard to EDs terms and conditions - all pure speculation - but I'd assume its the outstanding tax / wage bill/ loans and costs to end of season

You see I don't get this. The tax/imminent wage bill, yes; payment to Eddie whether it be one pound or thirty million, yes; but costs to end of season - no chance. Nobody sells a business, any business, and asks for future running costs up front on the table before the deal goes ahead.

[StaffsTrotter]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

I'd say nothing can be regarded as firmly reported in regard to EDs terms and conditions - all pure speculation - but I'd assume its the outstanding tax / wage bill/ loans and costs to end of season

You see I don't get this. The tax/imminent wage bill, yes; payment to Eddie whether it be one pound or thirty million, yes; but costs to end of season - no chance. Nobody sells a business, any business, and asks for future running costs up front on the table before the deal goes ahead.

Suppose its part of EDs brinkmanship - if he wanted to just get out he have no t&cs other than no comeback, But given he seemingly has, isnt it just a way of sorting out the tyre kickers ?

[Lost Leopard Spot]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

I'd say nothing can be regarded as firmly reported in regard to EDs terms and conditions - all pure speculation - but I'd assume its the outstanding tax / wage bill/ loans and costs to end of season

You see I don't get this. The tax/imminent wage bill, yes; payment to Eddie whether it be one pound or thirty million, yes; but costs to end of season - no chance. Nobody sells a business, any business, and asks for future running costs up front on the table before the deal goes ahead.

Suppose its part of EDs brinkmanship - if he wanted to just get out he have no t&cs other than no comeback, But given he seemingly has, isnt it just a way of sorting out the tyre kickers ?

I don't know, I really don't. But fundamentally, deep down, this entire saga has me thinking there's hidden debt. It's about the only thing that makes what has happened comprehensible.

[bobo the clown]

Birch ... assuming he can speak ... should be keeping tyre-kickers out.

The potential buyer saying "we'll pick it up from here ... but there have been a few surprises already so if you guys have built-up tax liabilities which you've not yet declared/discovered we want indemnity on" is NOT unreasonable and would refer to the time prior to their ownership, so quite fair.

[Lord Kangana]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

I'd say nothing can be regarded as firmly reported in regard to EDs terms and conditions - all pure speculation - but I'd assume its the outstanding tax / wage bill/ loans and costs to end of season

You see I don't get this. The tax/imminent wage bill, yes; payment to Eddie whether it be one pound or thirty million, yes; but costs to end of season - no chance. Nobody sells a business, any business, and asks for future running costs up front on the table before the deal goes ahead.

A bit like when stately homes go for a pound, you can ask for guarantees of future investment before the peppercorn fee is paid.

[Lord Kangana]

Which would actually paint ED in a better light.

[Lost Leopard Spot]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

I'd say nothing can be regarded as firmly reported in regard to EDs terms and conditions - all pure speculation - but I'd assume its the outstanding tax / wage bill/ loans and costs to end of season

You see I don't get this. The tax/imminent wage bill, yes; payment to Eddie whether it be one pound or thirty million, yes; but costs to end of season - no chance. Nobody sells a business, any business, and asks for future running costs up front on the table before the deal goes ahead.

A bit like when stately homes go for a pound, you can ask for guarantees of future investment before the peppercorn fee is paid.

Guarantees, yes. Actual cash down on the table, I think not.

[Lord Kangana]

Maybe not. Lets see.

[StaffsTrotter]

Which would actually paint ED in a better light.

Personally I'm pretty sure ED is desparate to get the best deal for the club and I also expect he will be gutted to be leaving us where we are after all that effort and money - as I said above its brinkmanship both financial and emotional

[BWFC_Insane]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

Money up front to keep the club afloat. That is what is being asked.

[Hoboh]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

Money up front to keep the club afloat. That is what is being asked.

More to it than that I reckon.

[boltonboris]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

Money up front to keep the club afloat. That is what is being asked.

That'll be skimmed away on imaginary things

[Lost Leopard Spot]

...and anyway, put what fxcking money down. Wasn't it firmly reported that Eddie was prepared to sell for a pound. I can put a pound down. Anybody can put a pound down. It's obviously not all resting on somebody putting the fxcking money down is it?

Money up front to keep the club afloat. That is what is being asked.

I've just argued this point. When selling a business I can see the buyer having to pay deferred wages, immediate costs, and tax due, etc. What nobody in the entire history of business transactions have done is put the money down up front for future running costs! That'll be up to the new buyer to arrange in his own sweet time and has absolutely nothing to do with the seller. The seller might demand guarantees about future financial transactions but they don't ask for the money up front. Imagine Buyer x puts down £15 mill to cover the rest of the year... does seller Y then dole out the money back to buyer x? Of course he doesn't, because he won't be asking for running costs up front, in cash!!!

[Prufrock]

That works with normal businesses where buyer and seller are working in their own interests. Not sure it works with a football club where seller is a fan.

I'd imagine plenty family businesses have sought assurances that X or Y wouldn't happen once sold. It's difficult if not impossible to enforce those, but it wouldn't surprise me if ED wants proof that the buyers have the funds to cover the running costs, even if he can't enforce any promises to meet them.

[Lost Leopard Spot]

That works with normal businesses where buyer and seller are working in their own interests. Not sure it works with a football club where seller is a fan.

I'd imagine plenty family businesses have sought assurances that X or Y wouldn't happen once sold. It's difficult if not impossible to enforce those, but it wouldn't surprise me if ED wants proof that the buyers have the funds to cover the running costs, even if he can't enforce any promises to meet them.

Even if running at a loss, the business, even this football club, will generate revenue, so for the duration of the 'future' there will be revenue. Obviously that revenue isn't enough as the outgoings outweigh it.
Now, is it reasonable for somebody who has run the business at such a disastrous imbalance to enforce on the buyer his own model of running the club? - obviously not, and therefore no fxcker in their right mind is going to turn up with the money to buys us, plus a wheelbarrow full of dosh just to satisfy ED that we could continue for another six months on the same formula. New buyers, new broom, different financial model, probably sourcing loans on top of revenue on an ongoing basis.
Only Russian oligarchs have cash that can just be lodged to satisfy a craving for financial security especially when having that money does not guarantee that security if major changes arn't made.
This is not difficult: Eddie cannot demand the club is run according to his values, they've failed.

[Prufrock]

Assuming any buyer does intend on keeping the club going, they must have the means to cover that shortfall. If they have the means, I see no reason why they would refuse to prove they have the means (not pay it up front, just show they have it) if it was a deal-breaker.

My *reckon* is a lot of this is brinkmanship from ED as he tries to get rid. I reckon that if we don't have a buyer sorted before the court hearing he'll stick in the money to cover it. He's just trying to force a sale asap.

No evidence for any of that mind!

[bobo the clown]

^^^ yay !! Agreed