COYLE accepts blame

[newboy]

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bout time

[davroduk]

"And if we stay up, which I believe we will" Quote
If we stay up..........
So he has doubts in his own mind already.
Feck me, doesnt fill you with confidence does it ??????

[bobo the clown]

"And if we stay up, which I believe we will" Quote
If we stay up..........
So he has doubts in his own mind already.
Feck me, doesnt fill you with confidence does it ??????

To be fair if he didn't we'd be calling him deluded.

[Il Pirate]

He should have gone a good 6/8 games ago. I heard today, we've scored more than Liverpool, but we are rock bottom. We need someone who can coach defenders. How about Captain Mainwering? Mr Tumble, Len from strictly........................Anyone!!!!!

[Annoyed Grunt]

He should have gone a good 6/8 games ago. I heard today, we've scored more than Liverpool, but we are rock bottom. We need someone who can coach defenders. How about Captain Mainwering? Mr Tumble, Len from strictly........................Anyone!!!!!

Hmmm, 2 more....however have conceded 25 more.

[davroduk]

Everyone seems to be thinking about bouncing back from relegation next season.
As it stands we will go into administration (£110 million debt) and drop down to Div 1.
If Coyle does not go, and we fail to stay up, then the club are doomed.
We will be back to the dark days of the 80s.
Doesnt bare thinking about.

[bobo the clown]

Everyone seems to be thinking about bouncing back from relegation next season.
As it stands we will go into administration (£110 million debt) and drop down to Div 1.
If Coyle does not go, and we fail to stay up, then the club are doomed.
We will be back to the dark days of the 80s.
Doesnt bare thinking about.

No, fck it. If we carry on like this we should go into admin around Easter time. Take the 10pt hit this year.

[Lord Kangana]

Going in to administartion would involve Eddie Davies writing off the overwhelming majority of the money he has given to us. I'm not sure its on the cards just yet.

I believe they are encating an exit strategy from the constant upward spiral of debt we are in at the moment. I don't think relegation is part of the plan, but then its a financial not a football plan, so results on the pitch are not written in to it, just the wage budget, average age and saleability of playing staff. Eddie's credit limit has now been reached. We need to be weened off a serious addiction to credit that we have. Every season that goes by at the moment, the chances of relegation increase in direct to proportion to the debt rising. That has to end. Painful, but administration isn't immediately on the cards.

I believe they refer to this as the soft landing approach.

[bobo the clown]

Going in to administartion would involve Eddie Davies writing off the overwhelming majority of the money he has given to us. I'm not sure its on the cards just yet.

I believe they are encating an exit strategy from the constant upward spiral of debt we are in at the moment. I don't think relegation is part of the plan, but then its a financial not a football plan, so results on the pitch are not written in to it, just the wage budget, average age and saleability of playing staff. Eddie's credit limit has now been reached. We need to be weened off a serious addiction to credit that we have. Every season that goes by at the moment, the chances of relegation increase in direct to proportion to the debt rising. That has to end. Painful, but administration isn't immediately on the cards.

I believe they refer to this as the soft landing approach.

Point is good, except there's NO way he's ever going to see that money anyway, unless he sells it to some mad bastard daft enough to buy us.

[Lord Kangana]

Avoiding administration and simultaneously lowering costs means he could at least regain the capital value through interest payments in the next few years.

Who knows. It looks far more plausible than "Coyle had loads of money and chose not to spend it" shite to me.

[davroduk]

Going in to administartion would involve Eddie Davies writing off the overwhelming majority of the money he has given to us. I'm not sure its on the cards just yet.

I believe they are encating an exit strategy from the constant upward spiral of debt we are in at the moment. I don't think relegation is part of the plan, but then its a financial not a football plan, so results on the pitch are not written in to it, just the wage budget, average age and saleability of playing staff. Eddie's credit limit has now been reached. We need to be weened off a serious addiction to credit that we have. Every season that goes by at the moment, the chances of relegation increase in direct to proportion to the debt rising. That has to end. Painful, but administration isn't immediately on the cards.

I believe they refer to this as the soft landing approach.

Point is good, except there's NO way he's ever going to see that money anyway, unless he sells it to some mad bastard daft enough to buy us.

At the end of the day we are a small club with a BIG debt.
We are heading into the football wilderness.
We cant re pay the money.
That equals administration in any ones book.
We must stay in the Prem at all cost (managers pay off )
OK as I post this I am pished (Jim Beams fault )
But I still realise that Coyle has to go, and a new manager has to come in NOW !!!!!

[Worthy4England]

Avoiding administration and simultaneously lowering costs means he could at least regain the capital value through interest payments in the next few years.

Who knows. It looks far more plausible than "Coyle had loads of money and chose not to spend it" shite to me.

I wouldn't necessarily disagree with this.

None of which exempts Coyle from trying to do the basics right.

As I think I might have mentioned previously.

[Armchair Wanderer]

Avoiding administration and simultaneously lowering costs means he could at least regain the capital value through interest payments in the next few years.

Who knows. It looks far more plausible than "Coyle had loads of money and chose not to spend it" shite to me.

I wouldn't necessarily disagree with this.

None of which exempts Coyle from trying to do the basics right.

As I think I might have mentioned previously.

Ahhh, well this explains a few things. It's better that we go through a financial change like this with a popular manager than the previous manager. Like was said a while ago "we're a selling club", i.e. we have to reduce wages, try to make money through transfers and lower the club's debt. If relegation is a by-product of that so be it. A bit like why West Ham stuck with Avram last year, it's expensive to change managers and cheaper to rebuild from the Championship.

[bedwetter2]

There is no logic which I can discern in the club going into administration. The owner, as the major creditor, would not receive most of his money back; even if the company/companies were liquidated ED would not benefit particularly from the sale of fixed assets such as stadium and other land as these would only have a limited appeal to buyers. Player sales, that is sales of current assets, would not bring in anything like their probable book value in a fire sale.

The club going into administration would mean ED writing off virtually all of his investment at some point and the club would be on a one way street to nowhere. A points deduction, relegation and stagnation would be the probable outcomes all mixed in with an even greater degree of uncertainty as to whether the club could survive at all in the longer term. Yes, overheads could be drastically reduced but not enough to be covered by parachute payments. The debt merry-go-round would continue.

By my calculation, that leaves two possible scenarios. One is a sale of the companies and club to a foreign buyer at a considerable discount to the book value. This would mean ED writing off a good chunk of his investment but perhaps less than in the administration scenario. A sale is highly unlikely due a lack of dumb potential buyers.

The second in my view is the most likely. This will involve sticking with Coyle until the end of the season with the probability that Mr Relegation will come to stay for a while. At his contract end, Coyle and his team would be let go and a new cheaper team installed under a proven coach. Most of the high cost players will go at the same time leaving only a small rump of a few experienced, better quality players supporting a large influx of younger players from the reserves/academy leavened with a few very cheap signings. The aim would be to reduce the wages bill by around 75%. There would be no guarantee that this would work and even keep us in the Championship but it would mean that the debt would then be under control and the further penalty for going into administration avoided.

[One Hump Or Two?]

There is no logic which I can discern in the club going into administration. The owner, as the major creditor, would not receive most of his money back; even if the company/companies were liquidated ED would not benefit particularly from the sale of fixed assets such as stadium and other land as these would only have a limited appeal to buyers. Player sales, that is sales of current assets, would not bring in anything like their probable book value in a fire sale.

The club going into administration would mean ED writing off virtually all of his investment at some point and the club would be on a one way street to nowhere. A points deduction, relegation and stagnation would be the probable outcomes all mixed in with an even greater degree of uncertainty as to whether the club could survive at all in the longer term. Yes, overheads could be drastically reduced but not enough to be covered by parachute payments. The debt merry-go-round would continue.

By my calculation, that leaves two possible scenarios. One is a sale of the companies and club to a foreign buyer at a considerable discount to the book value. This would mean ED writing off a good chunk of his investment but perhaps less than in the administration scenario. A sale is highly unlikely due a lack of dumb potential buyers.

The second in my view is the most likely. This will involve sticking with Coyle until the end of the season with the probability that Mr Relegation will come to stay for a while. At his contract end, Coyle and his team would be let go and a new cheaper team installed under a proven coach. Most of the high cost players will go at the same time leaving only a small rump of a few experienced, better quality players supporting a large influx of younger players from the reserves/academy leavened with a few very cheap signings. The aim would be to reduce the wages bill by around 75%. There would be no guarantee that this would work and even keep us in the Championship but it would mean that the debt would then be under control and the further penalty for going into administration avoided.

This. The only reasons for us to go into administration would be if Eddie Davies called in the debt to him; if his banks forced him to; or if there was a change of ownership. As BW2 says, there is no evidence or logic to point to any of these being likely. However, we'd better hope that ED's arteries are in good shape.

[Holden midfielder]

We could be out of the Prem for a long, long time. Charlton, Southampton, Leeds, Portsmouth, Derby, Reading, and Boro spring to mind ....