Fan's Forum

[A-Ro]

real potential threat

Hmmm! real or potential but not both Shirley.

[GodalmingYellow]

real potential threat

Hmmm! real or potential but not both Shirley.

Yes I take your point.

[Snake]

At 30/6/06 the net liabilities were just over £2.5m.
The predicted losses for y/e 30.6.07 are £650k making total net debts of £3.2m at 30.6.07.
The budgeted losses for the 3 years ended 30.6.10 are £750k making total net debts of £4m.

You can argue over the pennies if you like.

Your example, and the above, is not the worst case scenarion as you stated. It is the budgeted scenario. The worst case scenario may well turn out to be worse than that, and it may turn out to be better. But we work on the basis of what the actual owners expect to happen.

Either way, whether it turns out to be £3.8m or £4.2m, its going to be a big sum of money that the club cannot afford. Don't get into a mindset of thinking that the club are suddenly going to make a million to reduce the debts in one of those seasons because it ain't going to happen.

Thankyou, that is why I asked for clarification on the actual debt carried forward from 05/06 as I was trying to clarify where this £4m figure came from.

You have nicely sidestepped the view about the £250k each year being budgeted as a loss whereas others have disagreed that is case and if we are talking £500k difference then that isn't pennies even compared to £4million.

Whose getting into a mindset assuming we will make a £million in one season? Where did I say that? I talked about repaying debts with a long term plan (like Alty have although on a far larger scale) rather than vague hopes.

Taking what WPL have said on face value, they look to have a strategy for OUFC which looks past this and the following season unlike past owners seem to have done rather than operating on vague hopes. Also, do you really think that they as the people who have to underwrite the debt won't be doing their utmost to reduce any potential deficits with new income or cutting unnecessary expenditure?

The new Academy (should it actually happen) will end up getting OUFC a training facility without spending millions (even if it doesn't create any players) and income, iirc, which hasn't been included in any projections so far. This indicates to me, along with the different approach to the stadium purchase, that they are working towards what they have talked about in their strategy and aren't just looking at traditional solutions to problems.

One point that seems to have been overlooked to a degree is that we are getting a permanent training Ground for little financial input should the academy happen. To me this looks like pretty clever financial management considering all of the problems/financial issues suggested when our previous owner was talking about it publically.

Good post.

Yes, but why is it a good post? (given that this is a discussion forum and not an opportunity to try to make electronic friends)

[Resurrection Ox]

Thankyou, that is why I asked for clarification on the actual debt carried forward from 05/06 as I was trying to clarify where this £4m figure came from.

You have nicely sidestepped the view about the £250k each year being budgeted as a loss whereas others have disagreed that is case and if we are talking £500k difference then that isn't pennies even compared to £4million.

Whose getting into a mindset assuming we will make a £million in one season? Where did I say that? I talked about repaying debts with a long term plan (like Alty have although on a far larger scale) rather than vague hopes.

Taking what WPL have said on face value, they look to have a strategy for OUFC which looks past this and the following season unlike past owners seem to have done rather than operating on vague hopes. Also, do you really think that they as the people who have to underwrite the debt won't be doing their utmost to reduce any potential deficits with new income or cutting unnecessary expenditure?

The new Academy (should it actually happen) will end up getting OUFC a training facility without spending millions (even if it doesn't create any players) and income, iirc, which hasn't been included in any projections so far. This indicates to me, along with the different approach to the stadium purchase, that they are working towards what they have talked about in their strategy and aren't just looking at traditional solutions to problems.

One point that seems to have been overlooked to a degree is that we are getting a permanent training Ground for little financial input should the academy happen. To me this looks like pretty clever financial management considering all of the problems/financial issues suggested when our previous owner was talking about it publically.

Good post.

Yes, but why is it a good post? (given that this is a discussion forum and not an opportunity to try to make electronic friends)

I thought it was a fair summary of the position. OK Mr WindUp.?

[Snake]

Not really, Mr Multi-Handle (one for here and one for TiU and one for God-only-knows-what-else).

If we all went and posted something like “good post

[Resurrection Ox]

[quote=&quotSnake&quot]Not really, Mr Multi-Handle (one for here and one for TiU and one for God-only-knows-what-else).

If we all went and posted something like “good post