Bourne End Red Posted April 13, 2015 Report Share Posted April 13, 2015 Fairly big article in daily mail on us today giving very little credit and once again pretty much saying we've bought the league with Lansdowns millions. Link to comment Share on other sites More sharing options...
Cowshed Posted April 13, 2015 Report Share Posted April 13, 2015 Fairly big article in daily mail on us today giving very little credit and once again pretty much saying we've bought the league with Lansdowns millions. Mr Lansdown hasn't written off all debts. He has consolidated a large part of the debt into another company. Like it or not the rest of the division cannot govern that amount of debt, and continue to spend large sums of money paying players like Agard, Ayling, Freeman etc. City have only one local player in the XI. The team is built on Mr Lansdown wealth and the acumen of Mr Cotterill using money so far wisely. Link to comment Share on other sites More sharing options...
Red-Robbo Posted April 13, 2015 Report Share Posted April 13, 2015 The Daily Fail is one big fairy story from start to finish. Their sports coverage is as bad as their main news IMO. The only bit I have any time for is their business news, where they have an excellent city editor. More fool anyone for believing anything printed elsewhere in the rag. Link to comment Share on other sites More sharing options...
HoldenBall Posted April 13, 2015 Report Share Posted April 13, 2015 It also said we're using the money more wisely and pretty much changed our recruitment style, which we have. Link to comment Share on other sites More sharing options...
Sir Colby-Tit Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted April 13, 2015 Report Share Posted April 13, 2015 Mr Lansdown hasn't written off all debts. He has consolidated a large part of the debt into another company. Like it or not the rest of the division cannot govern that amount of debt, and continue to spend large sums of money paying players like Agard, Ayling, Freeman etc. City have only one local player in the XI. The team is built on Mr Lansdown wealth and the acumen of Mr Cotterill using money so far wisely. Define large sums of money?. Link to comment Share on other sites More sharing options...
Robbored Posted April 13, 2015 Report Share Posted April 13, 2015 I haven't read the Mail for years but it sounds like typical cheap and lazy journalism. "I know nothing" is a basic qualification in Fleet Street. Link to comment Share on other sites More sharing options...
Roger Red Hat Posted April 13, 2015 Report Share Posted April 13, 2015 Fair play to Carterton Red for owning up to reading the Daily Heil. I suggest you don't post anything for a while and people will forget. Link to comment Share on other sites More sharing options...
Cowshed Posted April 13, 2015 Report Share Posted April 13, 2015 Define large sums of money?. Losing 9.2 million, but still being able to spend in the region of two million minus sale of Baldock. But that is not the point. Football clubs who have operated 100% past their income have folded. Mr Lansdown has moved part of a massive debt across companies - Bristol City Football Club Limited - Ashton Gate Limited. Link to comment Share on other sites More sharing options...
richwwtk Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
Drew Peacock Posted April 13, 2015 Report Share Posted April 13, 2015 Does SC actually say "ain't"? Link to comment Share on other sites More sharing options...
Red-Robbo Posted April 13, 2015 Report Share Posted April 13, 2015 Losing 9.2 million, but still being able to spend in the region of two million minus sale of Baldock. But that is not the point. Football clubs who have operated 100% past their income have folded. Mr Lansdown has moved part of a massive debt across companies - Bristol City Football Club Limited - Ashton Gate Limited. I think you'll find the majority of league football clubs operate with budgets larger than their income. That's why total debt in the sector is rising. We're lucky in that we are year-on-year reducing our operating deficit. Link to comment Share on other sites More sharing options...
spudski Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted April 13, 2015 Report Share Posted April 13, 2015 Losing 9.2 million, but still being able to spend in the region of two million minus sale of Baldock.But that is not the point. Football clubs who have operated 100% past their income have folded. Mr Lansdown has moved part of a massive debt across companies - Bristol City Football Club Limited - Ashton Gate Limited. if it's not the point why mention it?, I doubt whether there is anybody in our present squad being paid over the odds like in the past. I find it rich the talk of our huge budget, whilst operating with an 18 man squad:- Preston = 28, many on prem/championship wages. MK = 26 Swindon = an incredible 31 Even Oldham have got a 30 man squad including 6 players on loan from the championship. Link to comment Share on other sites More sharing options...
Cowshed Posted April 13, 2015 Report Share Posted April 13, 2015 I think you'll find the majority of league football clubs operate with budgets larger than their income. That's why total debt in the sector is rising. We're lucky in that we are year-on-year reducing our operating deficit. How any operate 100%+ past their income for seasons? The answer was very very few. Part of that enormous debt has not been waved away with a magic wand. It is now consolidated in a group of companies. Very few clubs at this level have an owner who can move / service debt of tens millions - They would go out of business. if it's not the point why mention it?. . Because the Daily Mail mentions the debt. Without Mr Lansdown re-positioning part of that debt / covering it the FC would be bankrupt. So City can have massive debts, but still can allow Mr Cotterill to buy fine players i.e Freeman. Players he has done very well with. Link to comment Share on other sites More sharing options...
Bourne End Red Posted April 13, 2015 Author Report Share Posted April 13, 2015 It wasn't exactly a scathing report on us but just felt a bit more credit could have been given to the club. Given we've pretty much done the double. The headline was something like "Silver with Lansdowns Gold" Link to comment Share on other sites More sharing options...
View from the Dolman Posted April 13, 2015 Report Share Posted April 13, 2015 Part of that enormous debt has not been waved away with a magic wand. It is now consolidated in a group of companies. Very few clubs at this level have an owner who can move / service debt of tens millions - They would go out of business. Where has this debt been "consolidated"? Link to comment Share on other sites More sharing options...
spudski Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
Kid in the Riot Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
Sniper Posted April 13, 2015 Report Share Posted April 13, 2015 Here's the link: http://www.dailymail.co.uk/sport/football/article-3036055/Steve-Lansdown-s-gold-brings-Bristol-City-brink-return-Championship.html Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
BigTone Posted April 13, 2015 Report Share Posted April 13, 2015 Define large sums of money?. 6 quid Link to comment Share on other sites More sharing options...
Red-Robbo Posted April 13, 2015 Report Share Posted April 13, 2015 How any operate 100%+ past their income for seasons? The answer was very very few. Part of that enormous debt has not been waved away with a magic wand. It is now consolidated in a group of companies. Very few clubs at this level have an owner who can move / service debt of tens millions - They would go out of business. Because the Daily Mail mentions the debt. Without Mr Lansdown re-positioning part of that debt / covering it the FC would be bankrupt. So City can have massive debts, but still can allow Mr Cotterill to buy fine players i.e Freeman. Players he has done very well with. Actually there are loads of clubs who operate with continuous running losses and far fewer who make profits. Some have debts "parked" or written off, some take the administration route, some take the Cardiff/Swindle wriggling out of their liabilities dodginess approach. Examine other clubs balance sheets and you find there is nothing particularly unusual about City - except we're heading towards profitability whereas most are sinking towards greater operating losses. Link to comment Share on other sites More sharing options...
RedM Posted April 13, 2015 Report Share Posted April 13, 2015 I think we operate a small squad but a quality squad. We perhaps pay a little bit more, this makes us attractive. But add in the training facilities, Ashton Gate pitch, nice hotels when away from home etc and that too is just as attractive. Also with a smaller squad there is more chance of playing, any footballer who is a true professional should always want that. Our form this season has obviously attracted attention, many are looking and thinking how have they done that. I must admit I have done the same with Bournemouth, yes they have a rich owner too I believe. As soon as people hear this they of course say 'ah, that's why' without looking any further. Yes Steve is rich, but he is because he is a successful and professional businessman. Link to comment Share on other sites More sharing options...
Drew Peacock Posted April 13, 2015 Report Share Posted April 13, 2015 Where has this debt been "consolidated"? I thought it had been converted into equity? I don't think that "it has been consolidated in a group of companies" actually means anything other than "I don't understand finance" Link to comment Share on other sites More sharing options...
Coxy27 Posted April 13, 2015 Report Share Posted April 13, 2015 if it's not the point why mention it?, I doubt whether there is anybody in our present squad being paid over the odds like in the past. I find it rich the talk of our huge budget, whilst operating with an 18 man squad:- Preston = 28, many on prem/championship wages. MK = 26 Swindon = an incredible 31 Even Oldham have got a 30 man squad including 6 players on loan from the championship. I'm not saying you're right or wrong, I'd just like to know how you can make such a statement? I assume you don't know how much they are paying their players and this is just an assumption, that, for all we know, could be totally off the mark. Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted April 13, 2015 Report Share Posted April 13, 2015 I'm not saying you're right or wrong, I'd just like to know how you can make such a statement? I assume you don't know how much they are paying their players and this is just an assumption, that, for all we know, could be totally off the mark. I am making the same assumption that Cowshed made about Ayling, Freeman and Agard 2 of whom came from small clubs. Take a look at Preston's squad there are many signings from championship clubs and loans mainly from prem and championship clubs and tell me that they are paying less in wages than we are with an 18 man squad and explain how they manage it. Link to comment Share on other sites More sharing options...
Frenchay Red Posted April 13, 2015 Report Share Posted April 13, 2015 Link to comment Share on other sites More sharing options...
Bris Red Posted April 13, 2015 Report Share Posted April 13, 2015 That seems an incredibly low wage. Not worth turning full time pro for I would imagine. Theres pro's out there on a basic wage of around that figure, believe me.. Link to comment Share on other sites More sharing options...
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