Wfc Finances

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

  1. wfcwarehouse

    wfcwarehouse First Team Captain

    upload_2022-10-6_8-10-13.jpeg
     
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  2. RS2

    RS2 Squad Player

    £16m for Kamara and another loan just after the season starts? I'm sure everything is fine...
     
    IRB, CarlosKickaballs and Jumbolina like this.
  3. RS2

    RS2 Squad Player

    wfc4ever likes this.
  4. wfc4ever

    wfc4ever First Team Captain

  5. RS2

    RS2 Squad Player

    Mogi's bonus for getting Louza to extend his contract.
     
  6. Jumbolina

    Jumbolina First Team

    Don’t worry. One of our fans will be along shortly to declare its all fine because Leicester once took a loan out after they sold Riyad Mahrez.
     
  7. I Blame Bassett

    I Blame Bassett First Team

    Dear God.
    Words fail me.
     
    Robert Peel likes this.
  8. We hate 48

    We hate 48 Reservist

    Its in US$ so $4.6m is £4m as at todays exchange rate whereas a week ago it was £4.3m and heading to parity so £4.6m-is Gino speculating on £/$ rate because I am not sure we have any $income/assets to service a debt in that currency-bizarre business on the face of it or is it the Cucho transfer fee we are borrowing against ?
     
  9. BeersThen

    BeersThen First Year Pro

    Payoff Bilic's contract when they sack him
     
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  10. I Blame Bassett

    I Blame Bassett First Team

    Could this be to pay the players,staff for October before a takeover,headed by SEJ?
    Asking for my Ψυχή .
    Or am I clutching at straws?
     
  11. GoingDown

    GoingDown "The Stability"

    On a scale of 0 to Katie Price, how good a level of husbandry is this?
     
    luke_golden likes this.
  12. RMT79

    RMT79 First Year Pro

    This must point to a massive cash flow crisis …. We banked god knows how much over the summer and spent next to nothing, plus we have made huge wage savings. Ok we get 1/2 prem money but the sales bridged that gap.

    At one point we are saying we are paying debts off and on the other hand borrowing again. If it smells like **** and looks like ****… it’s normally **** !!!
     
  13. Don't worry. All will be fine when we win promotion and sell Pedro & Sarr for £60m.
    [​IMG]
     
    Jumbolina likes this.
  14. Jumbolina

    Jumbolina First Team

    Not to mention £16m given to us by Udinese which was supposedly paid all up front. We are stuffed if they are borrowing more money on top of all the summer activity. Promotion or bust.
     
    RMT79 likes this.
  15. Happy bunny

    Happy bunny Cheered up a bit

    Probably. Nice thought, though!
     
  16. wfcwarehouse

    wfcwarehouse First Team Captain

    And there was definitely, absolutely, totally nothing wrong with that at all.
     
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  17. RS2

    RS2 Squad Player

    Just very clever business from Pozzo.

    According to the dribblers on Twatter.
     
  18. WatfordTalk

    WatfordTalk First Team

    I mean...the deal in itself is fairly good business. It's the need for it that's the worry.
     
  19. wfc4ever

    wfc4ever First Team Captain

    After basically getting 16 million for Kamara and taking out other loans too .
     
  20. a19tgg

    a19tgg Squad Player

    Can someone post the quote from Duxbury about him not having to worry about our finances… and also that we’ve only got £50m debt.
     
  21. Hogg-DEENEY!!!

    Hogg-DEENEY!!! Squad Player

    Giving us some cash while Udinese get a replacement for their outgoing LB, it all makes sense, but £16m was alarming for a player charitably worth half that, despite all the good work the Pozzos are doing over there, I do wonder what our Italian friends think of that fee...
     
  22. IRB

    IRB THe artist formally know as ImRonBurgundy?

    We bunged ourselves £16m barely a month ago in a highly dubious deal almost immediately after the Sarr sale fell through

    To be going back for another £5m loan so soon again tells you all you need to know about our cashflow and ability to service debt and obligations
     
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  23. I Blame Bassett

    I Blame Bassett First Team

    Now I'm REALLY depressed.
     
  24. Halfwayline

    Halfwayline Reservist

    a19tgg likes this.
  25. Happy bunny

    Happy bunny Cheered up a bit

    Time for some vintage TV comedy, then!
     
  26. I Blame Bassett

    I Blame Bassett First Team

    Such as?
    "Only When I Laugh"?
    "Til Death Do Us Part"?
    "Waiting For God"?
     
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  27. Jumbolina

    Jumbolina First Team

    NathWFC, IRB, We hate 48 and 4 others like this.
  28. wfc4ever

    wfc4ever First Team Captain

    And if the lack of programme notes (not even something which totally avoids the Edwards issue ) is anything to go by silenced and put in his place .
     
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  29. a19tgg

    a19tgg Squad Player

    It’s going to be fun when we don’t go back up, we’re on reduced PP (and the final year of them) and Sarr is in the last year of his deal and worth about £15m max.
     
  30. IRB

    IRB THe artist formally know as ImRonBurgundy?

    As someone else said elsewhere, wouldn’t be surprised if he’s currently going through a protracted period of resignation
     
  31. wfc4ever

    wfc4ever First Team Captain

    Negotiating a pay off too ?

    Would he still get one even if he quit .
     
  32. Robert Peel

    Robert Peel Reservist

    I think it's pretty easy to get a pay off from Gino. Such a control freak that he throws money at anyone to get rid the second he's had enough.
     
    wfc4ever likes this.
  33. If he quit, legally no, unless he could claim constructive unfair dismissal eg owner was making decisions that were under his CEO job description.
    More likely that Gino has pulled the trigger and they are negotiating over formal exit date and severance package. It's not a redundancy situation so it's a bit more tricky for Gino....you can't just "sack" staff who have been employed > 2 yrs....they have employment rights.
     
    wfc4ever likes this.
  34. Jumbolina

    Jumbolina First Team

    Or maybe they are just having a good laugh about how well the “hell or high water” Beadle banter worked.

    Reading the forum “Gino check out this Jumbo geezer. Completely blown his pipes”. :)
     
    The undeniable truth likes this.
  35. Burnsy

    Burnsy First Team

    Apparently Duxbury was sat with/near Gino on Wednesday. Anyone’s guess if true though.

    Where’s that Wendover guy making up lies about celebrating with Duxbury and being told about RWB’s, when you need him? He obviously sits nearby.
     
    Last edited: Oct 7, 2022

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