pablo82 Posted July 5, 2013 Share Posted July 5, 2013 How can someone sell their parachute money?? Link to comment Share on other sites More sharing options...
ArteSuave Posted July 5, 2013 Share Posted July 5, 2013 How can someone sell their parachute money?? You give someone the rights to your future revenue (in this case it's guaranteed revenue) in return for a lesser amount up front. Rangers sold their future ticket revenue iirc, which is what got them into such deep shit. Link to comment Share on other sites More sharing options...
pablo82 Posted July 5, 2013 Share Posted July 5, 2013 ah right with you. Sounds like they really are in the shizer then...league 1 beckons me thinks Link to comment Share on other sites More sharing options...
TrentVilla Posted July 5, 2013 Moderator Share Posted July 5, 2013 Rangers got in trouble because of a dodgy tax avoidance scheme, they then sold their future revenue to try and get out of it but it was too little too late. It is effectively factoring, you are selling the value of your debt, future invoices or future income. For instance if you've guaranteed income of £8m that is owed over a period of time or over lots of invoices you could sell it on. But you will only get some of the value, say £5m because they are taking on your risk of bad debt and because if you are doing it you are likely desperate. In the case of a football club doing it, it is something Rangers did, Leeds did and Birmingham are supposed to have done. It is rarely the answer to a problem, it usually just delays the inevitable. Link to comment Share on other sites More sharing options...
AvfcTheObsession Posted July 5, 2013 Share Posted July 5, 2013 They really are in a mess Who would want to buy them and bail them out? They now get crowds of around 15/16k Have a tatty old stadium holding less than 30k Have very few assets on the books Aren't even a big club in the Championship Do not look like returning to the Prem any time soon, infact League 1 is likelier Happy days. Link to comment Share on other sites More sharing options...
Ingram85 Posted July 5, 2013 Share Posted July 5, 2013 Even their new kit is drab, dreary and depressing. Link to comment Share on other sites More sharing options...
Rob182 Posted July 5, 2013 Share Posted July 5, 2013 It makes Me smile, that a few seasons ago they had ex-Man Utd and England's '2nd/3rd choice' Ben Foster in goal, a decent partnership pairing in central defence, Seb Larson and Craig Gardner notching up a fairly decent amount of assists and goals (decent for lower-Prem sides).... and now they're in this state! Link to comment Share on other sites More sharing options...
villarule123 Posted July 5, 2013 VT Supporter Share Posted July 5, 2013 (edited) It makes Me smile, that a few seasons ago they had ex-Man Utd and England's '2nd/3rd choice' Ben Foster in goal, a decent partnership pairing in central defence, Seb Larson and Craig Gardner notching up a fairly decent amount of assists and goals (decent for lower-Prem sides).... and now they're in this state! It's OK, they still have that international class big guy up front to score the goals Edited July 5, 2013 by villarule123 Link to comment Share on other sites More sharing options...
Rob182 Posted July 5, 2013 Share Posted July 5, 2013 I'd love to know what his ££££ per goal ratio is! Link to comment Share on other sites More sharing options...
pablo82 Posted July 5, 2013 Share Posted July 5, 2013 But all said and done i wouldn't want them to go out of existance just a good few yrs in league 1/2 and maybe a few meetings in cup games Link to comment Share on other sites More sharing options...
Popular Post privateer Posted July 5, 2013 Popular Post Share Posted July 5, 2013 But all said and done i wouldn't want them to go out of existance just a good few yrs in league 1/2 and maybe a few meetings in cup games No, just no. Out of existence, the sty demolished and the land ploughed with salt. 6 Link to comment Share on other sites More sharing options...
GarethRDR Posted July 5, 2013 Share Posted July 5, 2013 I'd love to know what his ££££ per goal ratio is! Well, he's got 29 goals in competitive action for SHA. Fee was, what, around £6m? What are his wages? Link to comment Share on other sites More sharing options...
Robbie09 Posted July 5, 2013 Share Posted July 5, 2013 But all said and done i wouldn't want them to go out of existance just a good few yrs in league 1/2 and maybe a few meetings in cup games Sorry can't agree. I hope they disappear into oblivion. 1 Link to comment Share on other sites More sharing options...
GarethRDR Posted July 5, 2013 Share Posted July 5, 2013 Right, so reportedly £50k p/w for his first two seasons, then up to £55k p/w last campaign and it's due to rise to £62k p/w for this upcoming season (when his contract ends). Assuming the obvious in that he doesn't get extended, for the duration of his time at SHA he will have cost them circa £11.2m in wages plus the £6m transfer fee. So thus far that's 29 goals for £17.2m, or ~£593k per goal (not allowing for whatever goals he scores next season). Even if one assumes he can at least equal his current campaign-best haul of 12 goals in his final season, all those goals will still work out at having cost ~£420k a pop. 1 Link to comment Share on other sites More sharing options...
pablo82 Posted July 5, 2013 Share Posted July 5, 2013 League 2 existance or even Blue square is far more funnier for us and more embarrasing for them i think though.. they will still be around but be so insignificant they may as well be out of existance..but they won't be 1 Link to comment Share on other sites More sharing options...
turnbull Posted July 5, 2013 Share Posted July 5, 2013 593k per goal? He did score a priceless one for them though, unfortunately for us. Link to comment Share on other sites More sharing options...
Popular Post Designer1 Posted July 5, 2013 VT Supporter Popular Post Share Posted July 5, 2013 (edited) I'm in no way a vindictive man, but I would drown in a pool of piss laughing my tiny tits off if they went out of business. **** the derbies, and the ’rivalry’ I want them gone forever. Horrible stain of a club. Edited July 5, 2013 by Designer1 6 Link to comment Share on other sites More sharing options...
leviramsey Posted July 5, 2013 VT Supporter Share Posted July 5, 2013 It is effectively factoring, you are selling the value of your debt, future invoices or future income. For instance if you've guaranteed income of £8m that is owed over a period of time or over lots of invoices you could sell it on. But you will only get some of the value, say £5m because they are taking on your risk of bad debt and because if you are doing it you are likely desperate. Presumably they went to this bunch... Link to comment Share on other sites More sharing options...
rjw63 Posted July 5, 2013 Share Posted July 5, 2013 But all said and done i wouldn't want them to go out of existance just a good few yrs in league 1/2 and maybe a few meetings in cup games No, just no. Out of existence, the sty demolished and the land ploughed with salt. This times one billion Link to comment Share on other sites More sharing options...
pacbuddies Posted July 5, 2013 Share Posted July 5, 2013 (edited) Isn't it better for them to spend eternity in purgatory (League 2 or below) so that we can forever take the p*ss rather than they go out of existence whereby our p*ss taking will be, albeit fantastic, short lived? Just a thought. Edited July 5, 2013 by pacbuddies Link to comment Share on other sites More sharing options...
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