@arighttweet@OwlsExtra One of his absolute pearlers that wasn't it. If you can't afford a ticket and want to come to a match all you have to do is come and see me. ๐๐๐
@MattSummerhill I agree with you mate, we have to get that right. The other stuff has to be the bedrock of what we do to make that work.
We should have a strong lg1 budget with the healthy season ticket sales, merch, tv money, prem solidarity payment to get us started at least
Think that's the first time I've ever seen Howard Foster do something sensible in a boxing ring. That was getting uncomfortable to watch #wardleydubois
@Champagneblade@RobDorsettSky@KieranMaguire Or a stark warning to maniac owners, the insolvency rules won't bail you out if you "lend" money to the club you are mismanaging instead of investing it and expect your money back. That's the message.
@RobDorsettSky The 25p in the ยฃ to unsecured creditors in principle is logical, but in practice it's created a whole new problem. Chansiri the sole owner of the club loaned money in as opposed to injecting cash via equity, to cover cash gaps caused by his horrible mismanagement.
@jack_utft@EFL_Comms#swfc have been docked -18 points this season 6 for not paying wages & 12 for going into admin. The -15 would have been for non-compliance with the 25p insolvency rule.
The -8 for #wafc was 4 for failing to pay wages & 4 when owner failed to deposit funds 125% of wage bill
@owl_s74@GoalShort@DBSports_S6@AlexJPMiller Not sure why anyone is surprised. Chansiri is the same man that has spunked ยฃ200m of a family fortune away with his decision making
@BigBertie3@SBallustrades @bijolandendall You've ignored the point..... If Chansiri agreed to wipe his "debt" then the valuation would be enough to pay all remaining creditors 100%. His debt is money he invested into the club, but structured as a loan to protect himself.
@growlers6@EFL My issue is that -15 points was on the cards because they decided to bid at a price that wouldn't pay 25p in the pound. The risk of back to back relegations was plain for them to see, so should have been a known risk in their acquisition.
@David_O_91 But he can write off a large proportion of it so that other unsecured creditors are disadvantaged and we can then afford to pay over 25p in the pound
@storchyowl However unfair it feels, they are the rules and when you put your bid in below the level to meet the minimum creditor thresholds you had to either hope for leniency from the EFL or a compromise by Chansiri to avoid -15. Both of them unlikely from the outset.