Wfc Finances

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

  1. RS2

    RS2 Reservist

    He sounds perfect.
  2. Keighley

    Keighley Squad Player

    Trouble in paradise?
  3. Sahorn

    Sahorn Reservist

    Most serious businesses have a Plan A Strategic Business Plan for the following financial year, within which would be included Contingency Plans, ‘In the Event of x, y , z occurring’ etc

    In Watford’s case it would be imprudent to say the least not to have a contingency plan for relegation. (Contingency plan x).

    There would also probably be something like 3 year, 10 year Strategic Plans for the longer term ‘Vision’ of the Business.(Or ‘Project’ in Football parlance).
    These would no doubt include things like ownership (selling part of the business), Sale of Vic/Sparkly New Stadium etc

    There would also likely be consideration for sudden events like Covid Lockdown Plans, major Interest Rate hikes, Windfall £65m sale of Sarr etc.
    (Do we sell him to a ‘relegation rival’ (eg Newcastle), what do we do with the income (pay off debt, buy £20m defender, etc).

    Gino wasn’t at Harvard Business School for nothing.

    So relegation is not a business plan, but I’m sure there would be a contingency plan in place should that event occur.
    Chiswell likes this.
  4. LeedsOrn

    LeedsOrn Reservist

    The notion that relegation is a force majeure event is obviously ridiculous. However, I think as much as businesses should have contingency plans, it is not reasonable to expect a business to anticipate all possible risks and plan accordingly. Few businesses had contingency plans for a respiratory virus pandemic grinding the world to a halt. I doubt any football club even had a contingency plan for the much broader possibility of ban of fans in stadia. Harvard Business School, as impressive an institution as it is, does not teach its students the art of divination.

    Now, (and I see it in transactional contracts) all force majeure clauses will refer explicitly to pandemics and governmental responses etc as such incidents are much more foreseeable.

    For what it’s worth whatever the contingency plan was for relegation appeared to have worked quite well. We held onto our 2 biggest assets (Sarr and JP) and got promoted.
  5. FTFY
  6. In my experience businesses dont have detailed contingency plans for should they fail, I’ve never met a business owner who had an ego that much under control. Businesses tend to react when things happen to them.
  7. Sahorn

    Sahorn Reservist

    Relegation is not a force majeure situation.
    Very few businesses would have had a plan for Covid lockdown, but the possibility of it happening again is real so there will now be contingency plans in place should it reoccur.

    Any Owner/CEO of a middling EPL club who does not have a contingency in place for the possibility of relegation is a fool.
  8. Burnsy

    Burnsy First Team

    Wouldn’t know, I’ve never been.
  9. Burnsy

    Burnsy First Team

    While I agree with everything else in your post, the bit I’ve highlighted in bold really isn’t a cogent defence for the bloke anymore.

    There’s 100% been decisions he has made at the club where Harvard Business School taught him to take the opposite action.
  10. Keighley

    Keighley Squad Player

    I’ve been to paradise.

    But I’ve never been to me.

    (You’re probably too young).
  11. Burnsy

    Burnsy First Team

    Too young? Just about.

    But I’ve worked in music for 15+ years so I’ll spot a Charlene reference when one is made.
  12. Sahorn

    Sahorn Reservist

    Thankyou !

    But you may be missing this lecture he attended in the Basic Business 101 module.

    To succeed in business, it can sometimes be a good plan to...
    Burnsy likes this.
  13. Burnsy

    Burnsy First Team

    Watford fans on Twitter really are a different breed….

    domthehornet, wfc4ever and Jumbolina like this.
  14. Jumbolina

    Jumbolina First Team

    Can be added to the £50m we got for Chalobah
    wfcmoog likes this.
  15. RS2

    RS2 Reservist

    We'll be very lucky to get £50m for both of them.
  16. Jumbolina

    Jumbolina First Team

    FTRE expressed a bit of concern and were dismissed by 1881 bloke. Need to look at the positives of this loan apparently. It must be reducing overall debt at a better rate. Everything is fine.

    Everything is fine…….
    Burnsy likes this.
  17. It seems to be the only way to try to keep pace with the big boys, but hope they aren't betting the ranch on being able to do enough to stay up.
  18. RS2

    RS2 Reservist

    Phew. Well that's all I needed to hear.
  19. Since63

    Since63 Reservist

    Yes, there's light at the end of the tunnel. Oh, 5h1t, it's actually the headlights of the Admin Express!
  20. domthehornet

    domthehornet Moderator Staff Member

    They are some of the most deluded/entitled eejits going. They are great entertainment.
  21. "Less"
  22. luke_golden

    luke_golden Space Cadet

    Christ, if FTRE are expressing concerns, we might actually be absolutely ****ed.
    Jumbolina and Muggins_77 like this.
  23. GoingDown

    GoingDown Pizza & Figs

    Are the 1881 still about? I thought they only popped up on Twitter in November every year to show off a foil demonstration from 7 years ago.
    lutonh8a likes this.
  24. GoingDown

    GoingDown Pizza & Figs

    Is this the fella from San Francisco who’s desperately trying to setup a Watford podcast and sell yellow T-shirts with clip art on them for £60 each (plus £25 P+P) to Watford fans?
  25. Jumbolina

    Jumbolina First Team

    Someone on Twitter just said they aren’t interested in anyone’s comments on the club finances unless they are an IFA.

    IFAs, who advise individuals about pensions and life insurance :). Got to love Twitter.
  26. Since63

    Since63 Reservist

    Not being funny, but if Gino is having meetings with the local IFA, we're totally 5crewed.
  27. No on would argue with that.

    From the number of clubs which have found themselves in financial situations down the years I would say there are and have been a lot of fools running football clubs.

    I question your belief that owners have a business plan A, B, and C in a drawer depending on where the club finds itself. I propose it is far more reactive than that.
  28. wfcmoog

    wfcmoog Tinpot

    The Indian Football Association? It's outside their jurisdiction
  29. GoingDown

    GoingDown Pizza & Figs

    Was this person a self proclaimed ‘absolute mentalist’ by any chance?
    lutonh8a likes this.
  30. Jumbolina

    Jumbolina First Team

    It was.
  31. UEA_Hornet

    UEA_Hornet First Team Captain

  32. lutonh8a

    lutonh8a Reservist

    Don't sound like it at The Vic recently anyway unless they are doing a sponsored silence.
  33. wfc4ever

    wfc4ever First Team Captain

  34. AndrewH63

    AndrewH63 Reservist

    wfc4ever likes this.
  35. UEA_Hornet

    UEA_Hornet First Team Captain

    Adam’s on the case:

    Watford take out £50m loan and could be open to further investment

    • Says it’s a £50m loan repayable over 5 years. 5.35% interest rate.
    • We’ve had various loans secured against the stadium
    • ‘Understands’ the club has paid off the £70m of previous borrowing and £15m overdraft from Barclays
    • The money owed to Gino is ‘working capital’ and not treated as a loan
    • Thanks UEA_Hornet for uncovering the FIFA judgment against Watford which revealed information about the Sarr transfer
    We hate 48, wfc4ever, RS2 and 2 others like this.

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