People thinking we have financial issues

TangerineMatt

Well-known member
Seen loads of tweets from fans of league 1 clubs saying that the league looks weaker this year as 'the three teams coming down are all having financial difficulties'. I don't know why there's still a perception that we are in financial turmoil of any sort - do people think we're still owned by the Oystains?
 
Seen loads of tweets from fans of league 1 clubs saying that the league looks weaker this year as 'the three teams coming down are all having financial difficulties'. I don't know why there's still a perception that we are in financial turmoil of any sort - do people think we're still owned by the Oystains?
Let them think that based on a weird article that grouped us with Wigan and Reading.

What financial difficulties lol.
 
Same lazy journalism in the Football League World team who have the top 5 Blackburn Rovers fans including Bill Beaumont, the same one who had a season ticket at Bloomfield Rd for donkeys years.
 
We do have financial difficulties, our owner doesn't have the funds to run a successful professional football club to a competitive level be it the Championship or League 1. Bookmark this post because I really hope I am talking rubbish, but I really don't think I am ☹️
Well that is rubbish as we we were prompted from league 1 under his ownership only a couple of years ago, so clearly he can afford to do that. The championship is different, many clubs are throwing away millions to go nowhere, we can still afford to compete, albeit at the lower end if we get the appointment and the club identifies targets right.

We had 1 bad season where it all went wrong.
 
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We do have financial difficulties, our owner doesn't have the funds to run a successful professional football club to a competitive level be it the Championship or League 1. Bookmark this post because I really hope I am talking rubbish, but I really don't think I am ☹️
Yes you are talking rubbish.

You have no idea of SS's finance's do you? Unless of course you have access to his bank accounts, which you don't unless SS has cloned your username. 😉

Individual's and companies at the top their game in the Financial Markets that SS works in don't lose money. They just stash it away offshore for a rainy day.
 
Yes you are talking rubbish.

You have no idea of SS's finance's do you? Unless of course you have access to his bank accounts, which you don't unless SS has cloned your username. 😉

Individual's and companies at the top their game in the Financial Markets that SS works in don't lose money. They just stash it away offshore for a rainy day.
Whisper it, but actually Segantii is in the middle of a big expansion from Circa $6bn AUM to $7bn after being closed to new investors for some years. That’s going to involve a lot of new hiring.

Actually lots of hedge funds did lose money last year, but Segantii didn’t. It was something like the sixth or seventh best performing hedge fund in Hong Kong last year, returning something in the region of 6.5 percent. Lower than in the past, but easily beating the market.

Source: Bloomberg

Apologies for interjecting with facts, I know this isn’t approved of on this message board 😉
 
We do have financial difficulties, our owner doesn't have the funds to run a successful professional football club to a competitive level be it the Championship or League 1. Bookmark this post because I really hope I am talking rubbish, but I really don't think I am ☹️

Go on, I’ll play - what is that statement based on? Have you seen his annual accounts or know how Segantii is performing?
 
In his interview with Critch, Simon Sadler came over brilliantly. Professional, knowledgeable, thoughtful, caring and committed. For me the football club couldn’t be in better hands.
Of course they did!!

What did you expect?

SS, "yeh I'm well out of my depth and didn't really know what I'm supposed to do as a football club owner, I thought just getting the club off the Oystons was enough for the fan base"

NC "I couldn't believe my luck when Simon asked me back! and I'll be off like a shot again as the fans understand you can leave for more money, kerching!"
 
Just to play devils advocate for a moment...
Just because seganti has a worth into the billions and Mr sadler is an extremely wealthy man unfortunately does not automatically make much difference to us
He runs the club sensibly and if ever there was a need to splash out it was last season but he didn't.
So it's foolish to equate his main business to the clubs finances
We may not be a club in financial crisis as idiot journalists have said but we certainly won't be making significant cash signings
That just not in keeping with his vision of stability for the club
 
I suppose it depends on how you define financial difficulties. If it means not being able to spend ridiculous amounts to get the club in huge debt, then maybe they have a point. If it means not being able to pay the staff, then we don't appear to be anywhere near.
I'd hazard a guess that the majority of clubs are in financial difficulties (have big or huge debts) and are only propped up by TV money.
 
Whisper it, but actually Segantii is in the middle of a big expansion from Circa $6bn AUM to $7bn after being closed to new investors for some years. That’s going to involve a lot of new hiring.

Actually lots of hedge funds did lose money last year, but Segantii didn’t. It was something like the sixth or seventh best performing hedge fund in Hong Kong last year, returning something in the region of 6.5 percent. Lower than in the past, but easily beating the market.

Source: Bloomberg

Apologies for interjecting with facts, I know this isn’t approved of on this message board 😉

Just for clarification, $6-7bn AUM isn't Sadlers wealth, just the assets his company manages.
 
if we see players who are deemed fit to invest in like we did with Jerry, Bowler etc then there should be no reason SS will not go after them. We are not going to see large cash outlays on players, I’d be surprised if we see circa 1m bids go in for any players. We know the plan is buy players to improve and sell on with a mix of older experience, we just need to be on point with recruitment of such
 
Yes you are talking rubbish.

You have no idea of SS's finance's do you? Unless of course you have access to his bank accounts, which you don't unless SS has cloned your username. 😉

Individual's and companies at the top their game in the Financial Markets that SS works in don't lose money. They just stash it away offshore for a rainy day.
Are you insinuating he does have the money to sustain a competitive club at League One or Championship level?

Because, if you are, it’d be very hypocritical of you to do so as I don’t imagine you have access to his bank accounts/statements either.
 
Are you insinuating he does have the money to sustain a competitive club at League One or Championship level?

Because, if you are, it’d be very hypocritical of you to do so as I don’t imagine you have access to his bank accounts/statements either.
Well the evidence shows that he can comfortably do so in League One. His first season in the Championship, I don’t recall anyone moaning about not spending enough. Last season, probably a deadly combination of bad managerial appointments and not enough investment on Championship quality.
You don’t need access to his bank accounts to see that
 
All these clubs where the owner is loaning cash to it season after season are going to have to be sold at some stage for the owner to get their cash back.
That massively inflated the buy price of the selling club so unless the new owner is eye wateringly wealthy then at some stage a reckoning comes (derby and Portsmouth style)
 
Well the evidence shows that he can comfortably do so in League One. His first season in the Championship, I don’t recall anyone moaning about not spending enough. Last season, probably a deadly combination of bad managerial appointments and not enough investment on Championship quality.
You don’t need access to his bank accounts to see that
So we didn’t invest into championship quality - was that due to a lack of money?

If so, this would potentially show he struggled to maintain a championship club due to funds.
 
So we didn’t invest into championship quality - was that due to a lack of money?

If so, this would potentially show he struggled to maintain a championship club due to funds.
Lightening didn't strike twice last season from the previous because the poor coaching of players they went backwards,those we brought in didn't cut it, the loans where a bunch of kids who blow hot and cold and formations didn't suit our squad.

We got away with it with Critch without stuffing a load of debt onto our books, last season was a cock up the minute he left and we could of spent like Reading and still been relegated.
 
I recognise that it was bad journalism.

However, you can excuse people who don't track the club closely for thinking "Blackpool FC don't seem to spend much money, therefore there is no money".

Personally I think one of the best bits of news out of our club last year was how small our operating loss is compared to others. Yes that does mean we don't get splashy transfer deals, but it does mean the club is sustainable for the long term. Many are not -- just look down the M6 at Wigan.
 
Well the evidence shows that he can comfortably do so in League One. His first season in the Championship, I don’t recall anyone moaning about not spending enough. Last season, probably a deadly combination of bad managerial appointments and not enough investment on Championship quality.
You don’t need access to his bank accounts to see that
Lockdown didn’t help
 
Yes you are talking rubbish.

You have no idea of SS's finance's do you? Unless of course you have access to his bank accounts, which you don't unless SS has cloned your username. 😉

Individual's and companies at the top their game in the Financial Markets that SS works in don't lose money. They just stash it away offshore for a rainy day.
You’re talking the same rubbish as Bennys mob. He doesn’t know Sadlers financial situation and nor do you. Very few people apart from SS and his accountant know how wealthy,or not, he is. We will all just have to wait and see how the next couple of transfer windows pan out, we may then have an idea , not of his wealth, but how much he is prepared to spend.
 
💯.
Then there's the problem of extra money given goes onto the books as debt and Sadler said from the start he wasn't prepared to do a 'Derby'.
Which is what I said, how much he’s prepared to spend. That isn’t an indicator of his wealth just, to repeat, how much he’s prepared to spend. That means both how much he, and the club have available within the parameters he set.
 
He spent ~£9m buying the club, lost £2m in 2019/20, £5m in 2020/21, and just about broke even in 2021/22 thanks to £2m from Critchley going to Villa.

So he's in for about £15m, and I think he's prepared to subsidize the club to the tune of £1m to £2m per year.
It’s insane people moaning about SS. Imagine literally just knowing you’ll lose two million quid a year. If I ever get close to that half of that, you’ll not hear from me again.
Feel free to start a whip around.
 
We do have financial difficulties, our owner doesn't have the funds to run a successful professional football club to a competitive level be it the Championship or League 1. Bookmark this post because I really hope I am talking rubbish, but I really don't think I am ☹️
Yep I'll just add it to some of the other knee jerk explosions of nonsense you seem to be spouting of late . Try and relax , it's the summer and nothing happens til the new season starts
 
I reckon that last season's relegation nightmare was mainly due to the number of injuries we had week after week, seemingly all season. The treatment room must have resembled a hospital ward.
Quite a number of times throughout the season, I predicted that if every player in the squad was available, the first team wouldn't beat a made up team of the currently injured players with Stuart Moore in goal.
🧡UTMP 🧡
 
It comes from this, already highlighted and analysed in depth by a popular poster on here.

 
I reckon that last season's relegation nightmare was mainly due to the number of injuries we had week after week, seemingly all season. The treatment room must have resembled a hospital ward.
Quite a number of times throughout the season, I predicted that if every player in the squad was available, the first team wouldn't beat a made up team of the currently injured players with Stuart Moore in goal.
🧡UTMP 🧡
Likewise, if you look at the seasons where the club has done well, what's noticeable is how few injuries to the first XI players we had in that season.
 
We do have financial difficulties, our owner doesn't have the funds to run a successful professional football club to a competitive level be it the Championship or League 1. Bookmark this post because I really hope I am talking rubbish, but I really don't think I am ☹️
I can assure you! You are talking rubbish. Who are you to say the owner doesn’t have the funds, etc? You have no knowledge whatsoever regarding the owners financial standing.
 
Are you insinuating he does have the money to sustain a competitive club at League One or Championship level?

Because, if you are, it’d be very hypocritical of you to do so as I don’t imagine you have access to his bank accounts/statements either.

He wouldn’t have bought it in the first place if he couldn’t afford it. Let’s keep it simple 😎
 
You’re talking the same rubbish as Bennys mob. He doesn’t know Sadlers financial situation and nor do you. Very few people apart from SS and his accountant know how wealthy,or not, he is. We will all just have to wait and see how the next couple of transfer windows pan out, we may then have an idea , not of his wealth, but how much he is prepared to spend.

Bennys mob asked for an opinion more or less. “Talking rubbish”

I said “individuals and companies in that industry”
 
Same lazy journalism in the Football League World team who have the top 5 Blackburn Rovers fans including Bill Beaumont, the same one who had a season ticket at Bloomfield Rd for donkeys years.
He is a Blackburn fan Wiz (He told me himself). He did have a season ticket in the South Stand - but he said it was more so he could take his lad to watch football.
 
Seen loads of tweets from fans of league 1 clubs saying that the league looks weaker this year as 'the three teams coming down are all having financial difficulties'. I don't know why there's still a perception that we are in financial turmoil of any sort - do people think we're still owned by the Oystains?
I think it's the lack of spending on decent players and going down with a whimper that makes people think we are skint
 
I think it's the lack of spending on decent players and going down with a whimper that makes people think we are skint
I would agree with that Phil. There’s a stark difference between to working to a set budget and not having the money to fund that budget.

We spent too much money on loan wages and not on permanent transfers last season. It didn’t work.
 
There's a difference between having to cut spending and being skint. As others have already referenced, some of our biggest expenditure came during a period of unprecedented lack of revenue due to COVID. The second point to remember is - whether people like it or not - we were a small player in the championship and our budget was never going to be big when compared to other clubs.

The quality of the squad in season 1 was obviously better and contained more players who provided quality, would have cost money, but had limited 'growth' potential. Loan players like Wintle and Sterling are 2 obvious examples.

It was also clear last season that we never really had a style and system that the squad was built to execute. Too many randoms - whether players or coaching.

If you take the view that we'll never be consistently able to find enough rough diamonds to polish and sell on, then there either needs to be better focus on a very specific style - look at Luton's squad and you can see that they recruit a certain type of player. Alternatively, there needs to be a recognition that within the model of buying players with the view to developing and selling on for profit, there will be -at championship level at least - some loss leaders that are of the required quality but have little re-sale value.
 
Seen loads of tweets from fans of league 1 clubs saying that the league looks weaker this year as 'the three teams coming down are all having financial difficulties'. I don't know why there's still a perception that we are in financial turmoil of any sort - do people think we're still owned by the Oystains?
Financial issues aside, League 1 does appear weaker this year following the departure of Ipswich and Sheffield Wednesday.

Barnsley, Bolton, Derby, Portsmouth, possibly Charlton...and us..must be favouties for the top-6.
 
Seen loads of tweets from fans of league 1 clubs saying that the league looks weaker this year as 'the three teams coming down are all having financial difficulties'. I don't know why there's still a perception that we are in financial turmoil of any sort - do people think we're still owned by the Oystains?
Going back to the title of the o/p's post .. who thinks we're having financial issues? That thought has never crossed my mind?
 
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