Yes, we can ‘afford’ it NK, I was being glib. Whether we can stay within the rules of the dead in the water ffp by paying inflated wages for ‘assured quality’ is questionable though.
"biggest blunders in the history of our club’? Really? Pretty sure we tried for a couple of centre backs and still might get one in anyway.
“obvious lack of ambition shown by the owners and their lackeys, ie, Les Reed and Krueger”? ok, it’s Barry’s thread. I’ll leave you to it.
That’s the announcement that Leibher got angry about as it was a bit premature.
Someone on SWF poated this on the 27th (the same day as that the chinese artcle). I’ve highlighted the relevant bit.
Bit more in the times today:
Southampton have rejected an offer of £180 million from Lander Sports Development to buy the club, The Times has learnt.
Negotiations with the Chinese property company are continuing despite considerable irritation inside the club at Lander’s announcement on the Shenzhen stock exchange yesterday that an agreement had been reached in principle, but the two parties are a long way apart in their valuation of the club.
Katharina Liebherr, Southampton’s owner, is understood to value the club at £270 million so a sale is unlikely to be completed imminently. Moreover, it is unclear how much of Southampton Liebherr is willing to sell.
In an open letter to the fans yesterday the Swiss heiress referred to a “potential partnership” whereas Lander’s aim is to buy the club or secure a controlling interest.
Liebherr inherited Southampton as part of her late father Markus’s £3 billion trust after his death in 2010, a year after he had bought the club for just £14 million after they had been placed in administration.
Under the family’s stewardship Southampton have risen from mid-table in League One to become a top-ten Premier League club, and on Wednesday reached their first leading final for 14 years courtesy of their EFL Cup semi-final win over Liverpool.
Lander’s announcement came shortly after Southampton’s 2-0 aggregate victory, with club insiders suspicious of the timing and speculating that it was an attempt to speed up the deal.
Industry experts have valued Southampton at between £160 million and £220 million, as the club’s sound financial footing and huge success in player trading is offset by a seemingly limited potential for significantly increasing its match-day and commercial revenue.
I can assure you that any steps we do take will be in the best interests of the club
In the club’s most recently published accounts to June 2015, Southampton recorded turnover of £113.7 million and profits of £14.9 million, down almost £15 million from the previous year, almost exclusively because of a reduction in the value of player sales.The club’s revenue from television rights has increased significantly from £84 million in 2014-15 to a minimum of £105 million this season, although the wage bill will also have increased. Southampton have debts of £62 million, £32.7 million of which is owed to Liebherr, with the rest split between two separate bank loans.
Liebherr wrote to fans yesterday to say that she would act in the best interests of the club, but insisted that greater commercial growth was crucial to its future.
“I can assure you that any steps we do take will be in the best interests of the club,” she wrote. “The Premier League is increasingly competitive; we need to keep moving forward and look to new markets for commercial growth, innovation and to share our journey.”
Southampton and Lander were unavailable for comment last night.
Alex Jarvis sounds like a right knob too.
Mr Goatboy, can you please stop having a love affair with FFP as no one gives a fuck about breaching it or the punishment.
The end.
I didnt properly understand it so thanks for the info Fatso. I thought it was a new update cause the figures were different
Yes, I took an instant dislike to him. Clearly an arse.
The Liebherrs will sell us as its good business to now,think Katharina Liebherr wants to stay? She’ll sell to the best looking and presentable bid, her father will have nothing to do with it, business, we’re a business.
I’ll add they’re selling at a maximum time ie getting out whilst the going is good and when was the last time you heard of a successful Chinese takeover in football? We’re fucked ladies, fucked.
Not sure we could handle much of a points deduction bazza. But no love affair here. I’m sure it will be ignored by some and maybe that’s a good thing. It certainly maintains and indeed increases the gap between the richest and the rest.
Have I missed something, when was there ever a points deduction in the PremierLeague for breaching FFP?
Fines, points deductions, banning from competitions, transfer embargoes, squad restrictions. All of these options are available. Though unlikely to be used granted. Man City and PSG managed to fudge their way out of UEFA sanctions.
Premier League ‘wage cap’ agreements basically mean that clubs have agreed to limit increases in their wage bills for the next three seasons. The only way we can pay more than others is by increasing our commercial revenue (excluding tv money). As far as I know, no club has broken this agreement.
How are we exactly going to increase our commercial revenue by selling our best assets? I don’t work in brand marketing but I can tell from the start its a fucking busted flush.
They’re fuckiing chancers and they’ve run out of cards.
Haven’t got the figures to hand but didn’t we do this last year? Bigger kit sponsor money this year for a start (despite selling our best players).
Well Les pulled the Sure contract out of the bag as well. Not many clubs have an under arm partner.
Without looking at the figures I’d be surprised if the Liebherrs haven’t increased the turnover and value of the business since Marcus took it on - Kat might even make a profit on that initial investment.
They seem to have built the business fairly well, and before they get accused of asset-stripping, lining their own pockets etc, I could have sworn they spent £15m only last week - a shopping trip that would make them the world’s worst asset-strippers.
How much? Chicken feed to the statutory TV money we receive, buttons, pray we don’t get what the big guns want and that exclsuive TV deals like Spain.
Lets hope Les has got the time now the Sure contract is done to sign a CB Caceres. Ive a feeling he knows he has dropped a bollock and will try and make amends
Regarding that Alex Jarvis character he seems to be someone else in the chain of agents and busniess men draining money away from the sport
Is this the new Spanish TV deal? The one that started this season? The one that shares money out more evenly?
Or the old, no longer relevant one?
You really need to up your meds.
Hard to imagine a less enticing thread title! “Barry talks Saints” ffs. Jeez. I’d be more inclined to read hypo talks diplomacy, or Beltch talks Fashion. What is wrong with you ppl?