Iron Duke
9:15 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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So what Stoke are saying is that their biggest mistakes were trying to become an entertaining team, wanting to finish higher up the table, and sticking with their manager for too long.
Really, their mistake was not having any real recruitment plan and allowing Hughes to spend a load of money on shit. That is what we need to avoid as one more bad transfer window could do it for us.
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w4hammer
9:04 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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this is the stoke statement after they got got relegated - have a rad of it and you could substitute everything they say for west ham- their mistakes are still in us
wrong decisions being made by the wrong people on transfers leading to an unbalanced squad
dithering under the auspices of " loyalty"
we will be stoke next season if we dont watch it..they spent £50 M on ( whats turned out to be) absolute garbage-
WE HAVE been very proud to own Stoke City, along with Denise and through bet365, over the last 12 years and have felt privileged to share with you some fantastic times and experiences. However, the 2017/18 season has been a bitter disappointment to us all. Everybody at the Club, including ourselves, are deeply hurt and frustrated at relegation. When things go wrong, it is inevitable that a great deal of soul searching goes on. You ask yourself the question, what should we have done differently? What mistakes did we make?
It is important that we ask these questions in order that we learn and improve, so that the Club is in the strongest possible position to make a return as quickly as possible to the Premier League.
Hindsight is a wonderful vantage point, however, it is clear that significant errors were made in the transfer market. There was a desire from all of us at the Club to improve the quality of the football we played, both in terms of entertainment and league position, and players were brought to the Club that it was felt had the ability to help us achieve our collective aim.
Unfortunately the squad became unbalanced and perhaps we lost some of the core values that have served us so well and are so crucial when you have a bad spell.
It is absolutely clear that a major overhaul is required. We need to regain our identity and focus and the summer will be spent doing this.
It is right that supporters will question whether we should have made a managerial change sooner. As a family we are inherently loyal people and this loyalty has served us well in business. We will always give people that little bit longer than most to prove themselves and this will continue. However, this does not mean that we always make the correct call and again with hindsight, we perhaps should have made an earlier change.
Our core focus is now on the future. We are absolutely committed to continue, along with Denise, our significant emotional and financial commitment to this Club. We will be doing everything we can to help us secure a return to the top flight of English football as soon as possible.
We absolutely understand that this is going to be a great challenge and we cannot offer any guarantees. However, please be assured that we will do all we can to work with everybody at the Club to assemble a squad that can make us all proud again.
Finally, we would like to thank you again for your wonderful support both home and away during this difficult season. It has been magnificent.
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Trevor B
8:42 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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http://www.financialfairplay.co.uk/latest-news/premier-league-update-their-ffp-rules
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Kaiser Zoso
8:37 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Profitability boosts FFP limits on increase in payroll.
They've no no fucking excuses to hide behind.
I don't want 'marquee signings'. It's the sort of thing the Y*ds used to do, with Klinsmann.
Just buy decent energetic, technically competent young players. Practically a whole team of them.
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Mrkxxx
8:17 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Does not matter how much is spent or who is bought. The culture of the club is rotten from top to bottom and will always result in failure.
Exceptions being: Our away support and season ticket holders who've supported the club for decades and Mark Noble.
Everyone else is a cunt.
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Sven Roeder
7:55 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Dot Dot
You don’t get a tax deduction for paying off debt.
If they made £43m last year , not having examined the accounts closely, I would imagine there would have been prior year losses so they wouldn’t have had any tax due.
Probably still more from the Icelandic era sitting there to cover another £100m.
All Gale has done here is projected the income and costs of the previous season allowing for all the one off costs we had the previous year.
£100m is probably a fair guess..... tv income has jumped again as well hasn’t it?
As said it’s at least fired a shot across their bows in the media and we will see their reaction when they speak re the manager after Sunday.
Reckon it will be more ‘don’t hold your breath’ than ‘don’t go to bed’.
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Trevor B
7:34 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Capitol Man
Most tax avoidance is often just tax delay. And if being told to pay more tax means you'r a bad businessman then i guess you can lump bill gates, jeff bezos, elon musk, mark zuckerburg in there too, and many, many more.
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Capitol Man
6:08 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Realistically the income and value of the club is not likely to change much from 16th to 4th. A good run may boost earnings for a while, but the multiples are going to be decided on more fundamental potential that such fickle things as league position.
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Dowies Love Child
5:02 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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I don't think we should confuse bad businessmen with skinflint owners.
It looks like they had a business plan to spend as little as possible to keep us up and keep the cash rolling in. If that was the plan it seems to worked extremely well.
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Capitol Man
4:00 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Trevor B 2:00 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
Wouldn't the part about being caught for it be the part that would perhaps lead to questions about their business acumen?
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Lily Hammer
3:55 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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It may not have been deliberate, but what Gale has done, which is just expressing an armchair expert’s opinion, is to hopefully get the discussion going of how much money they are really making.
Keep talking money, money, money, Gale. Plant your corner flag, Hammer.
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Trevor B
2:00 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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The more money you have the easier it is to pay less tax, you should try it sometime. I don't like the cunts but I fail to see how that makes them bad businessmen?
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. .
1:49 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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What is a little bit worrying is Sullivan and Gold think they are good businessmen and Brady "advises" on what is a good businessman for Sugar amongst others.
Given how many times they have been done for dodging tax, i'm safe to say they prefer not to be giving money to taxman.
I'm sure that they will be tax to pay on the £43m, therefore as "Fans" of West Ham would it not of benefited everyone (other than the taxman) if instead of paying tax they paid off some of the club debt
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Capitol Man
1:14 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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From a business perspective the aim is to spend just enough to keep you in the division, which they have done for a few years in a row now.
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gank
1:11 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Gale can't even spell 100m let alone carry out the forecasting required to reach such a figure.
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CR
12:17 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Whatever they have made they are going to spend very little of it on playing staff. They are a pair cheapskate liars.
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joyo
12:03 Wed May 9
Re: Tony Gale says we've made £100m profit in next accounts
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Heresay no evidence let's wait for the accounts
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boleynkid
11:58 Tue May 8
Re: Tony Gale says we've made £100m profit in next accounts
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Alex V
He actually understands the business side of things better than many.
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Alex V
11:56 Tue May 8
Re: Tony Gale says we've made £100m profit in next accounts
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Simplistic nonsense from Gale.
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,
11:56 Tue May 8
Re: Tony Gale says we've made £100m profit in next accounts
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Actually "we" don't make any profit instead it's the owners that make it.
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kirok1
11:54 Tue May 8
Re: Tony Gale says we've made £100m profit in next accounts
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Based on £43m profit on a year where they had a net spend deficit, initial set up and contractual payments to the LLDC etc and the financials of selling the Boleyn for that low low price, £100m in a net positive spend, no additionals etc, is highly likely,
However, them spending a penny of it is as likely as me winning the lottery on Wednesday.
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