Takeover imminent?

rammywhite wrote:

? The old adage that turnover is vanity and profit is sanity springs to mind. 

Lusty,
As an accountant we normally say that profit is vanity but cash flow is sanity.
Either way BWFC can boast of having neither

Lol - as an accountant you would. As a business strategist I'd be more inclined  to say no profit leads to no cashflow - although my particular bugbear was Clients who failed to fully cost their offerings in any transaction and turnover for turnover's sake was a last resort but only if there was light at the end of the tunnel, so I would. There again no cashflow leads to....it's a rock, paper, scissors thing when you look at businesses holistically isn't it? But both points (margin and sustainability) are valid and it seems Anderson is unable to do anything about either. It's a slow and tortuous death.

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picture credit to the LoV.

Ken will pay it in time. He always does.

£1 million owed to HMRC, £1.5 million to the Council, £600k wages and £5 million to the Davis estate.

Say a couple of million left of the EFL money?

wanderlust wrote:£1 million owed to HMRC, £1.5 million to the Council, £600k wages and £5 million to the Davis estate.

Say a couple of million left of the EFL money?

But we saved a million quid on a striker... good plan!

observer wrote:

wanderlust wrote:£1 million owed to HMRC, £1.5 million to the Council, £600k wages and £5 million to the Davis estate.

Say a couple of million left of the EFL money?

But we saved a million quid on a striker... good plan!

And now there's speculation - albeit in the BN - that Anderson may accept £300k for Luca Connell. Does anyone really think that when the debts are mounting at the rate they are that it would be in the club's interest to offload one of our best young prospects for a fee that doesn't even amount to a sticking plaster in the current situation? That's not even two weeks' wages for the team.

There's no way of disguising the fact that if this was to happen it would be to prop up the the Anderson regime for a bit longer to give him time to negotiate a personal payoff that would dwarf this pittance of a fee.

£300,000- the amounts an insult, designed to kick us when we're already on the floor. If they added a zero to the end of it ,then the amount would be worth thinking about.
Its £100k less than Sanchez weekly wage at Utd.

The club need to sign him up to another deal so that when the inevitable happens we at least get decent money for him. What a mess this club is now 

rammywhite wrote:£300,000- the amounts an insult, designed to kick us when we're already on the floor. If they added a zero to the end of it ,then the amount would be worth thinking about.

Cashflow, Rammy, Cashflow!

i'm sure i saw somewhere that our wage bill was 600K a month so that's 2 weeks wages! Not worth letting him go for that surely?

wanderlust wrote:

rammywhite wrote:£300,000- the amounts an insult, designed to kick us when we're already on the floor. If they added a zero to the end of it ,then the amount would be worth thinking about.

Cashflow, Rammy, Cashflow!

Yes- its important, but not at any cost. Connell is worth far more than that. Watch KA attempt to start an auction with the other clubs who are interested.

rammywhite wrote:

wanderlust wrote:

rammywhite wrote:£300,000- the amounts an insult, designed to kick us when we're already on the floor. If they added a zero to the end of it ,then the amount would be worth thinking about.

Cashflow, Rammy, Cashflow!

Yes- its important, but not at any cost.

I was teasing about cashflow not always being the be-all and end-all of "sanity" amigo hence the
Perhaps if Anderson had generated a bit of trading profit he could afford to offer Connell a decent contract but it's too late for that now. More realistically he should have sold the club when he had the chance - but his priority is allegedly personal gain over the best interest of the club, so I assume he will continue to dispose of club assets until they run out or he gets what he wants. He must surely have considered that if he wants to sell, there needs to be something left to buy though. Frankly I've given trying to work out what he thinks as none of it - including the fact that he is the owner - makes any business sense. Who knows which way it will go?

Just from a different perspective....if you were Connell would you want to sign for a Prem club or look forward to a Tuesday night clash at Bury next season.
Not to mention you might get paid at the new club.

rammywhite wrote:

wanderlust wrote:

rammywhite wrote:£300,000- the amounts an insult, designed to kick us when we're already on the floor. If they added a zero to the end of it ,then the amount would be worth thinking about.

Cashflow, Rammy, Cashflow!

Yes- its important, but not at any cost. Connell is worth far more than that. Watch KA attempt to start an auction with the other clubs who are interested.

What if he doesn't want to go ? At his age he might not be ready to move away from Family and Friends.

Nixon on takeover. “May be something official soon” “may even be a shock in there too”

“Picture a lot clearer now. Just waiting to find out who the money man is behind the deal that’s close”

Boggersbelief wrote:Nixon on takeover. “May be something official soon” “may even be a shock in there too”

Shock therapy perhaps!  We need that this season.  I'm still hoping BSA buys the club.

More Tweets from Nixon:

I think there has been genuine progress in last few days. But a major question still has to be answered ... where’s the money from???

Picture a lot clearer now. Just need to know who is behind the money involved in the deal that’s close and what their game plan is.

Deal “all but done” says Nixon