by SupermarketShrimp » Wed May 24, 2023 12:37 pm
Just reading the latest on here.
Mr Johal can negotiate what price he likes to "buy" the shareholding that Bond Group have in the club. He cannot however be someone who has significant control (ie north of 10% of the shares) without passing the OADT for the EFLs regs which makes you subject to a points deduction (see Birmingham City) and why you're unlikely to see Mr Johal put any more money in unless he's passed that test. But that's just my opinion, I don't know this as fact.
The wages are believed to be fine - also, bear in mind if we don't pay this month, we can't sign any footballers until we have, and it's going to be a tough sell as it is.
It's rumoured that the money (and its a lot of money) exists. What doesn't exist, again strongly rumoured, I don't know, is the Anti Money Laundering paperwork for it - what I can confirm is that anyone vaguely competent, should be able to knock out that paperwork in an afternoon for legitimate funds.
The more money you as a fan spend in the club, the money the club has for footballers as all the charges Bond Group saddled with the club and their interest rates have been settled in the main, so it's very very hard for money to be taken out without the directors say so. He will make all his money from a sale of the club, not taking 100k here and there from a player sale. Breakeven is just that. We are only going to spend what comes in. I mean, there's an argument that all clubs should only be doing that and that alone, but thats an argument for another day. 3000-3500 at home - even at our ticket prices - I bet Derek can do a good chunk with that.
If you get your Trust subscription in - it covers next season, so get signing up/renewing. I bet the brethren aren't here aren't all members!
Hope this helps.