Wfc Finances

Discussion in 'The Hornets' Nest - Watford Chat' started by We hate 48, Sep 1, 2020.

  1. RS2

    RS2 Squad Player

    £75m owed to Gino? Yeah he's never seeing that again.
     
  2. IRB

    IRB THe artist formally know as ImRonBurgundy?

    Comrade Adam has been fed his talking points then

    Beyond parody
     
    Jumbolina, Burnsy and GoingDown like this.
  3. GoingDown

    GoingDown "The Stability"

    Considering he trawls this forum for article ideas, it’s very little surprise he wouldn’t give you any credit for finding that document. I guess he needs to prove to his Athletic paymasters he’s worth it.

    To think he was so good on Sky Sports News.
     
  4. GoingDown

    GoingDown "The Stability"

    Precursor, fortitude, fragility. Man’s been watching him some Foundation.
     
  5. Chumlax

    Chumlax Squad Player

    Some quite serious talking up of outlandish sums being attracted for seemingly quite little reward (on the part of the ex machina saviour/investor), but

    A) We are not West Ham - our fanbase is nowhere near the size, we are not historically on the same level, we don't have a giant brand new taxpayer-milked stadium to call home, and we are not currently challenging for and playing in Europe,

    and

    B) This apparent tactic relies extremely strongly on us at the very least remaining in the Premier League to even begin to claim we are an attractive proposition for the miraculous outside investment we haven't managed to attract at any point over the last three years or so; even more so with the increased US TV deal money that was just announced - I highly doubt anyone's coming in with £500m for 6.7% of the club and a guaranteed box for half of all home games, for a club in the Championship that's just lost all of their major playing assets for half their true value having suffered a second relegation in three seasons.

    upload_2021-11-20_11-11-20.png
     
  6. We hate 48

    We hate 48 Reservist

    How much is owed to Gino or is it an implication/ understanding that he has paid off the £85m - certainly we know Barclays and XIii capital (£70m loan ) have released their security
     
  7. Chumlax

    Chumlax Squad Player

    upload_2021-11-20_11-30-35.png
     
  8. Jumbolina

    Jumbolina First Team

    Isn’t the parent company loaded with debt? i.e it’s not owed to Pozzo?
     
  9. Chumlax

    Chumlax Squad Player

    Unless the answer is 'screenshot and then copy-paste' I'm afraid I'm not that much use to you, but does this go any way to answering your question?

    upload_2021-11-20_13-45-51.png
     
  10. Jumbolina

    Jumbolina First Team

    Don’t trust Leventhal or Duxbury. Let’s not forget Duxbury once declared we had no external debt because it was owed to holding company which had external debt!
     
    UEA_Hornet likes this.
  11. We hate 48

    We hate 48 Reservist

    100%. The £75.8m quoted was not owed to Gino Pozzo via Hornets Investment Ltd "HIL" -that company had been lent £70m by XXIII Capital. Gino's company had lent £8m to HIL and as you rightly say the total of loans taken out by HIL was on lent to the football club. Gino had £8m in loans not £75.8m

    This is all nearly 18 months old since when we are back in PL and the financial year ended 30/6/21 has occurred -those accounts when published may shed some light on how we have manged to pay off both Barclays and XXiii Capital either via the new £50m loan and/or more money lent by Gino.
     
  12. We hate 48

    We hate 48 Reservist

    The dream is over for him buying into the club -he has got to pay back the £78m he got for his pay -off

    https://www.bbc.co.uk/news/business-59684996
     
  13. a19tgg

    a19tgg First Team

    He’s a homeless peasant in PL terms, he could maybe fund a quarter of an Andre Gray.
     
  14. Burnsy

    Burnsy First Team

    The Athletic/Leventhal have released an article about a Mexican businessman/group looking to invest in an English or Spanish side.

    Alejandro Irraragorri/Orlegi Sports Group is worth £400m.

    Was interested in Leeds when they were in the Championship - but got distracted by bidding for Newcastle and missed the chance. Newcastle fell through due to ‘difficulties’ with lawyers - but the guy speaks highly of Mike Ashley!

    Then comes us….

    C42660FA-8E8B-4131-B82C-17AADCA786AB.jpeg

    Sounds like Gino priced him out? That’s what I thought - but then at the end of the article the Mexican businessman says he is only looking for a controlling stake as ‘businesses who don’t have one single controlling entity won’t get far’. Says he wouldn’t need 100% but would want control. But he is open to merge with existing ownership that have the same strategy and are in line with the way his group manage things.

    So…

    What it doesn’t say is when these discussions took place or give any valuation or percentages on offer. But I guess at least it shows Gino is open to the idea of investment at the very least - but it does seem to rule out the idea of him selling….unless he values the club too highly for investors.
     
    Happy bunny likes this.
  15. UEA_Hornet

    UEA_Hornet First Team Captain

    Duxbury was touting for it in the business media wasn't he around the time of the cup final? I think they're open to it but as you say I bet the price isn't cheap and I can't see Pozzo giving up a controlling stake.
     
    lutonh8a likes this.
  16. hornetboy1

    hornetboy1 First Team Captain

    I've read the piece with interest, but unless these two are aligned in their thinking (Pozzo and Orlegi Sports Group) then I can't see it happening. The Pozzo's would have to be in control, I can't see them giving that up and it seems Orlegi wouldn't want that “We need to have control, because this is a business in which if you don’t have one single entity controlling the asset you’re not going to get far,” says Irarragorri. “That doesn’t mean that you need to own 100 per cent, but you need to have control".

    Talks have been held, so it's certainly something that could happen I suppose, or why else the talks. The comment "You never know, that might make sense.” sounds to me that it's their call to go ahead rather than the Pozzo's being closed to it.

    Having said all that, the group are only worth £400m. Ok, that's more than the Pozzo's have, but it's not a large pot of wealth to tap into, but the final comment left me thinking Watford are very high on their list “If you asked me if we are more like Man City, in that sense, or more like the Pozzo family? Definitely, we’re more like the Pozzo family,” he says.
     
  17. a19tgg

    a19tgg First Team

    £400m is not nearly enough, you need an owner that can lose £200m without even flinching. £400m is a peasant even as Champinonship owner.
     
  18. GoingDown

    GoingDown "The Stability"

    Worth a punt though. What’s the worst that can happen?
     
  19. a19tgg

    a19tgg First Team

    I’m a BW, you need to ask a Cog.
     
  20. Happy bunny

    Happy bunny Cheered up a bit

    True
    Yes, but an owner or major shareholder who puts the structure of the team above resale value might be quite nice.
     
    lutonh8a and wfcmoog like this.
  21. AndrewH63

    AndrewH63 Reservist

    As a long term investor - you probably want someone who will be able to buy Gino out - Actually Red Bull would be ideal, with their interests in Brazil and presumably with two Germanic teams, the hot dogs at the Vic would improve.

    Being part of a group probably suits our status as a Premier League minnow. If you have a hankering to buy a club you can build into a Premier League force as a single unit, you probably are looking at a club like Derby, Sunderland or more likely Nottingham Forest.

    Until Gino no longer sees a path that makes him the money he wants out of owning Watford, i cant see him giving up a majority stake. So i think its all pretty much wishing thinking if we are looking for a mega investor.
     
  22. Since63

    Since63 Squad Player

    Or does he take over Udinese 100% when his father decides to take a back seat & agree to sell or relinquish total control at WFC then?
     
  23. Teide1

    Teide1 Squad Player

    They bought us from the red hat when we were in the championship, if they can’t sell us for a decent profit it would just show how un-realistic running football clubs as a business and making money out of it is!
     
  24. GoingDown

    GoingDown "The Stability"

    Gino doesn’t do bad business. He’ll sell us for a profit, even if it’s £1.
     
    Teide1 likes this.
  25. UEA_Hornet

    UEA_Hornet First Team Captain

    Worth double checking with @Clive_ofthe_Kremlin and @wfcmoog but I think that’s a golden gavel?
     
    wfcmoog and Clive_ofthe_Kremlin like this.
  26. Steve Leo Beleck

    Steve Leo Beleck Squad Player

  27. luke_golden

    luke_golden Space Cadet

  28. fuzzy73

    fuzzy73 Squad Player

    Relax. Read the comments - the Supporters Trust have it on their radar.

    ……and breathe
     
  29. GoingDown

    GoingDown "The Stability"

  30. Pozzo Out

    Pozzo Out Squad Player

    We’re ****ed.
     
  31. wfc4ever

    wfc4ever Administrator Staff Member

    Be a fire sale with anyone worth a bit of money going ?
     
  32. UEA_Hornet

    UEA_Hornet First Team Captain

    Recent photo of WST’s state of the art radar:

    [​IMG]
     
    RS2, fuzzy73 and wfc4ever like this.
  33. RS2

    RS2 Squad Player

    Yay, another loan. Probably getting some cash in so Duxbury can have a fat bonus for his outstanding work over the last financial year.
     
  34. Jumbolina

    Jumbolina First Team

    This is simply good husbandry. Don’t you take on debt when you run YOUR business?
     
    wfcmoog likes this.
  35. a19tgg

    a19tgg First Team

    All the same wallet apparently, just ignore the 9% interest rate though.
     
    Jumbolina likes this.

Share This Page