| Joe Pigott, 200k typical swans investment 21:03 - Sep 29 with 7097 views | KeithHaynes |
News out tonight folks, Swans definitely in for AFC Wimbledon striker. Its only tentative talks, but after a phone call this afternoon, this isn't speculation, this could easily happen by Saturday.Swansea City are weighing up a move for AFC Wimbledon striker Joe Pigott. The 26-year-old enjoyed a fruitful season last term, scoring 18 goals for Glyn Hodges’ side and he’s started this campaign in similar fashion with him recording two goals and four assists thus far. The Swans face competition from Reading for his signature, with it reported he could be available for a cut-price fee in the region of £200,000
The Swansea Independent believes there's no smoke without fire here, and contact tonight with allies of the site point to this being an Andy Scott recommendation to Julian Winter, 200k is an absolute steal.
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| Joe Pigott, 200k typical swans investment on 18:36 - Sep 30 with 1571 views | Dr_Winston |
| Joe Pigott, 200k typical swans investment on 18:34 - Sep 30 by BillyChong |
I agree. But what’s big money? £1.5m is big money compared to £200k. We are seeing the results of very poor ownership over the last 5 years. |
We're paying the price of poor ownership between about 2014 and 2018. The roots of our current difficulties began before the Americans took over, and poor decision making by them didn't do anything to solve the problem until we took the drop. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Joe Pigott, 200k typical swans investment on 18:40 - Sep 30 with 1559 views | exiledinenglandjack |
| Joe Pigott, 200k typical swans investment on 18:30 - Sep 30 by jasper_T |
No. |
Liam Shepard and Josh Sheehan looking good for Newport |  | | |
| Joe Pigott, 200k typical swans investment on 20:44 - Sep 30 with 1394 views | bonymine |
| Joe Pigott, 200k typical swans investment on 18:40 - Sep 30 by exiledinenglandjack |
Liam Shepard and Josh Sheehan looking good for Newport |
And Brandon Cooper too he had a great game until he skied his pen 😫🙈 developing really well though 👠|  |
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| Joe Pigott, 200k typical swans investment on 21:57 - Sep 30 with 1292 views | Catullus |
| Joe Pigott, 200k typical swans investment on 12:05 - Sep 30 by Dr_Winston |
The accounts are all there for you. Sixth entry.
Suggest you pay particular attention to the Independent Auditors report starting on page six, particularly the bit that says "Material uncertainty related to going concern".
Like I said. There's no need to speculate. It's there in black and white and signed off by an auditor. If you have evidence to the contrary by all means let's hear it.
https://beta.companieshouse.go |
Not that I'm disagreeing with your overall point but wasn't McB's transfer fee left out of those accounts? That would have put us about 8 million in profit wouldn't it?
Otherwise I can't see how anyone can think we are rolling in money. The players didn't take a pay cut, they took a deferment so we still have to find that money on the back of empty stadiums/no matchday income and if anyone doubts the situation, wait until next season and see how many clubs have gone under.
If the EPl doesn't step up and help there will be a few. | |
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| Joe Pigott, 200k typical swans investment on 03:07 - Oct 1 with 1166 views | Dr_Parnassus |
| Joe Pigott, 200k typical swans investment on 21:57 - Sep 30 by Catullus |
Not that I'm disagreeing with your overall point but wasn't McB's transfer fee left out of those accounts? That would have put us about 8 million in profit wouldn't it?
Otherwise I can't see how anyone can think we are rolling in money. The players didn't take a pay cut, they took a deferment so we still have to find that money on the back of empty stadiums/no matchday income and if anyone doubts the situation, wait until next season and see how many clubs have gone under.
If the EPl doesn't step up and help there will be a few. |
We have £20m less income this year straight off the bat with reduced parachute payments not to mention the impact of covid on matchday income and general commercial income. |  |
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| Joe Pigott, 200k typical swans investment on 07:11 - Oct 1 with 1121 views | Dr_Winston |
| Joe Pigott, 200k typical swans investment on 21:57 - Sep 30 by Catullus |
Not that I'm disagreeing with your overall point but wasn't McB's transfer fee left out of those accounts? That would have put us about 8 million in profit wouldn't it?
Otherwise I can't see how anyone can think we are rolling in money. The players didn't take a pay cut, they took a deferment so we still have to find that money on the back of empty stadiums/no matchday income and if anyone doubts the situation, wait until next season and see how many clubs have gone under.
If the EPl doesn't step up and help there will be a few. |
On the assumption that it was all paid upfront, which is unlikely. That's the danger of football fan accountancy. They see a headline figure and assume that's what the club receives (or spends) all at once, hence the various net profit figures that have been batted around here and elsewhere. Tax, agents fees and other, usually gargantuan costs don't enter into the calculation.
At best the first installment might have put us even, but as others have said that wouldn't have lasted long in the current situation. Personally I'm a little unsure about paying nearly £1m for Lowe given the fact that Ayew's costs remain on the books, and that's without wondering just how buggered we (and practically every other club) are without matchday income for most of the season.
We probably need to make another sale to be sure of surviving Covid. We are fortunate that most of the hard work getting us back on a sustainable level has been carried out over the last two summers before it became a factor. [Post edited 1 Oct 2020 7:16]
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| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Joe Pigott, 200k typical swans investment on 08:00 - Oct 1 with 1080 views | 34dfgdf54 |
| Joe Pigott, 200k typical swans investment on 07:11 - Oct 1 by Dr_Winston |
On the assumption that it was all paid upfront, which is unlikely. That's the danger of football fan accountancy. They see a headline figure and assume that's what the club receives (or spends) all at once, hence the various net profit figures that have been batted around here and elsewhere. Tax, agents fees and other, usually gargantuan costs don't enter into the calculation.
At best the first installment might have put us even, but as others have said that wouldn't have lasted long in the current situation. Personally I'm a little unsure about paying nearly £1m for Lowe given the fact that Ayew's costs remain on the books, and that's without wondering just how buggered we (and practically every other club) are without matchday income for most of the season.
We probably need to make another sale to be sure of surviving Covid. We are fortunate that most of the hard work getting us back on a sustainable level has been carried out over the last two summers before it became a factor. [Post edited 1 Oct 2020 7:16]
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I thought we always take out loans to cover deals which are paid in stages? Despite losing a percentage, it helps with cash flow.
Completely understand your worries Doc, but these Americans don't seem the type to spend money if it's not there or is any sort of risk. I always bleat on about it, but they were willing to loan Dan James out for a loan fee at one stage, didn't worry about making a sensible business decision and waiting it out until the summer, they just wanted money up front with zero risk.
The Silverstein loan looks like it's to cover us through Covid, but isn't that being paid back via shares? Again, I'm not educated in the slightest when it comes to finance, I just go by what I read. |  | | |
| Joe Pigott, 200k typical swans investment on 08:30 - Oct 1 with 1057 views | Chief |
| Joe Pigott, 200k typical swans investment on 07:11 - Oct 1 by Dr_Winston |
On the assumption that it was all paid upfront, which is unlikely. That's the danger of football fan accountancy. They see a headline figure and assume that's what the club receives (or spends) all at once, hence the various net profit figures that have been batted around here and elsewhere. Tax, agents fees and other, usually gargantuan costs don't enter into the calculation.
At best the first installment might have put us even, but as others have said that wouldn't have lasted long in the current situation. Personally I'm a little unsure about paying nearly £1m for Lowe given the fact that Ayew's costs remain on the books, and that's without wondering just how buggered we (and practically every other club) are without matchday income for most of the season.
We probably need to make another sale to be sure of surviving Covid. We are fortunate that most of the hard work getting us back on a sustainable level has been carried out over the last two summers before it became a factor. [Post edited 1 Oct 2020 7:16]
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By the same token transfer fees we pay out will also not be all up front. As fans we have little insight into how these are structured so we go by the information we have which is the transfer fee usually, so we go by knowing that essentially our ins and outs are both staggered&cancel each other out.yes this means that at certain times the accounts will down dependent on when the installments are due. Martin Morgan used to provide small loans to cover that in our premier league year's.
But still for me, there are still no answers as to where the gigantic surplus (even after tax) has gone. Ayews wages alone is not a reasonable explanation for this. |  |
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| Joe Pigott, 200k typical swans investment on 08:54 - Oct 1 with 1029 views | jasper_T |
The accounts have entries for debtors and creditors falling due within a year, and falling due after more than a year. We seem to be at a point now where the money that will be coming in dwarfs that which we owe out, but in the 2017 accounts we had net liabilities of almost £60m within the following year. There wasn't a blank slate when we came down where future incomings and outgoings were cancelling each other out. We had sold the future payments for up front cash on many big sales, while still owing for our purchases.
There is a "gigantic surplus" incoming over the next few years due to player sales, but we're going to need it to keep the lights on as the parachute payments will have run out. [Post edited 1 Oct 2020 8:55]
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| Joe Pigott, 200k typical swans investment on 11:03 - Oct 1 with 921 views | Catullus |
| Joe Pigott, 200k typical swans investment on 08:30 - Oct 1 by Chief |
By the same token transfer fees we pay out will also not be all up front. As fans we have little insight into how these are structured so we go by the information we have which is the transfer fee usually, so we go by knowing that essentially our ins and outs are both staggered&cancel each other out.yes this means that at certain times the accounts will down dependent on when the installments are due. Martin Morgan used to provide small loans to cover that in our premier league year's.
But still for me, there are still no answers as to where the gigantic surplus (even after tax) has gone. Ayews wages alone is not a reasonable explanation for this. |
That's the problem chief, there isn't the surplus that you think there is. I don;t know how much we are still owed or in turn, what we owe. I don't know what our current wage bill is or how much our travelling expenses are...there's a lot we don't know.
Even so, we know we are still paying out wages and expenses with very little income. However much money is in the bank, because of the pandemic it has to be made to last. Even worse, we don't know when (if ever) things will return to normal. I was quite surprised we paid out for Lowe too.
The problem with hoping for a sale to help balance the books is that even several EPL clubs are in murky financial waters. This season (along with the second half of last season) will be unlike any others we have experienced.
My son and I for example, matchday tickets (last season, because he was 11 and cost a fiver) cost us £30 and we'd inevitably spend at least £10 at the ground on food and drink and sometimes more if we went in the club shop, lets call it £45 per home game. Right now we both watch the games at home for £10 and obviously spend nothing else that benefits the club. They have lost 75% of their income from us and that multiplied out means a massive loss of income, they have to plan for the whole season based on those losses. If we had 20 million in the bank we couldn't afford to spend it. | |
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| Joe Pigott, 200k typical swans investment on 11:46 - Oct 1 with 889 views | Dr_Winston |
| Joe Pigott, 200k typical swans investment on 08:00 - Oct 1 by 34dfgdf54 |
I thought we always take out loans to cover deals which are paid in stages? Despite losing a percentage, it helps with cash flow.
Completely understand your worries Doc, but these Americans don't seem the type to spend money if it's not there or is any sort of risk. I always bleat on about it, but they were willing to loan Dan James out for a loan fee at one stage, didn't worry about making a sensible business decision and waiting it out until the summer, they just wanted money up front with zero risk.
The Silverstein loan looks like it's to cover us through Covid, but isn't that being paid back via shares? Again, I'm not educated in the slightest when it comes to finance, I just go by what I read. |
"these Americans don't seem the type to spend money if it's not there or is any sort of risk"
Which is as it should be. For every club, not just us.
They've spent plenty since they took over. Not all of it wisely. I've never understood the belief that they're somehow stingy. It's being the complete opposite of that which got us into a mess in the first place. Even upon relegation they still found £3m for Celina and a few million for a couple of others.
What they won't do it what you said, take risks with it. It's not exciting but it's smart and probably the only course of action that makes any sense right now.
The Silverstein deal was mooted as a loan for eventual equity deal but until that has happened it's best to treat it as a debt. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Joe Pigott, 200k typical swans investment on 12:16 - Oct 1 with 854 views | 34dfgdf54 |
| Joe Pigott, 200k typical swans investment on 11:46 - Oct 1 by Dr_Winston |
"these Americans don't seem the type to spend money if it's not there or is any sort of risk"
Which is as it should be. For every club, not just us.
They've spent plenty since they took over. Not all of it wisely. I've never understood the belief that they're somehow stingy. It's being the complete opposite of that which got us into a mess in the first place. Even upon relegation they still found £3m for Celina and a few million for a couple of others.
What they won't do it what you said, take risks with it. It's not exciting but it's smart and probably the only course of action that makes any sense right now.
The Silverstein deal was mooted as a loan for eventual equity deal but until that has happened it's best to treat it as a debt. |
No exactly, so why are you concerned regarding the purchase of Lowe and potential purchase of Pigott?
Birch to his credit, seems to have steered us back on the straight and narrow, we can only hope Winter keeps things going. | | | |
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