Where is the money?

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Re: Where is the money?

Postby StevePottsGoalsReel on Wed Jan 10, 2018 7:38 pm

Macca1973 wrote:Did you just come on to make us feel better Modern?! :P


Modern wrote:Just trying to put the facts out there :).

Also it shows that the Daves are spending a reasonable amount of money on transfers and wages.


The only tiny silver lining I can see in all this is that, of the two clubs, the one installing a voyeurs' w@nk-cave tunnel isn't the one owned by the porn dwarves.
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Re: Where is the money?

Postby Doc H Ball on Wed Jan 10, 2018 7:40 pm

Modern wrote:
Also it shows that the Daves are spending a reasonable amount of money on transfers and wages.


That's probably a worse indictment. Spending heavily on wages to make up for poor overall policy.

As for Spurs, I get envious driving past the cranes on the A406 having seen the computer generated uber stadium and then I turn into the High Street traffic jam, look around and have a contented chuckle :wink:
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Re: Where is the money?

Postby Marky on Wed Jan 10, 2018 7:43 pm

I wish the media asked this.
Seriously how much will we have raised via transfers up to and including Payet? If you count Sakho it must be what £55m-60m?
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Re: Where is the money?

Postby Puff Daddy on Wed Jan 10, 2018 7:53 pm

All gone on wages and outstanding payments to other clubs for players signed over a period of many years, which is a terrible indictment of their poor transfer strategy. However, could it be they are beginning to asset strip in preparation for sale as nobody in their right minds is going to buy a shed load debt ?
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Re: Where is the money?

Postby RichieRiv on Wed Jan 10, 2018 8:03 pm

This is the single biggest question that needs to be asked and answered.
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Re: Where is the money?

Postby Claret&Blue,Thru& on Wed Jan 10, 2018 8:31 pm

Prob wrote:Making sure we pass FFP rules as we are the only club in the league affected by them


Aren't they only applicable if you are expecting to play in Europe?
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Re: Where is the money?

Postby bubbles500 on Wed Jan 10, 2018 10:06 pm

Although the comparison with spurs is interesting it’s not really the point. We all know the club has been run shockingly for the last 7 years and beyond. However before the move they were spending reasonable amounts for a club in our position roughly £20m a summer net. I might stand corrected but I think the last 2 summers have been the lowest net spend in 7 years which with the move and TV money is the inverse of what it should be . Hence back to the original question which in 3 pages nobody has really answered apart from we pay to much wages. Which I can take as part of the answer but we are talking £50-70m unaccounted for in last 2 seasons.
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Re: Where is the money?

Postby bubbles500 on Wed Jan 10, 2018 10:08 pm

Although the comparison with spurs is interesting it’s not really the point. We all know the club has been run shockingly for the last 7 years and beyond. However before the move they were spending reasonable amounts for a club in our position roughly £20m a summer net. I might stand corrected but I think the last 2 summers have been the lowest net spend in 7 years which with the move and TV money is the inverse of what it should be . Hence back to the original question which in 3 pages nobody has really answered apart from we pay to much wages. Which I can take as part of the answer but we are talking £50-70m unaccounted for in last 2 seasons.
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Re: Where is the money?

Postby woodywoody on Wed Jan 10, 2018 10:10 pm

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Re: Where is the money?

Postby hammernsickle on Wed Jan 10, 2018 10:12 pm

StevePottsGoalsReel wrote:That (Alessandro) diamante panther looks more mobile than most of our midfield to be fair.


Its by an artist called Trequartista.
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Re: Where is the money?

Postby jastons on Wed Jan 10, 2018 10:21 pm

Where is the benefit in leaving Upton Park?

That is an equally important question.
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Re: Where is the money?

Postby kitthehammer on Wed Jan 10, 2018 10:34 pm

there was me thinking the transfer thread was bull****.... until I read this one.
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Re: Where is the money?

Postby jastons on Wed Jan 10, 2018 10:38 pm

kitthehammer wrote:there was me thinking the transfer thread was bull****.... until I read this one.


Anything in particular that you disagree with?
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Re: Where is the money?

Postby sicknote on Wed Jan 10, 2018 10:42 pm

kitthehammer wrote:there was me thinking the transfer thread was bull****.... until I read this one.

Don’t read it then if all you are going to do is criticise everyone on here, you have a choice but to spout comments like that just makes our lives moderating it harder

Well done you
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Re: Where is the money?

Postby Georgee Paris on Wed Jan 10, 2018 10:46 pm

Modern wrote:
Also it shows that the Daves are spending a reasonable amount of money on transfers and wages.


Yeah but the Dave’s funded the spending through loans though that they then charge interest on.
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Re: Where is the money?

Postby chigwells finest on Wed Jan 10, 2018 10:47 pm

Scarhead wrote:Not wanting to make this thread about Sulli Jnr but I've just seen those pictures for the first time and it's made me feel a little bit ill!

I knew he'd done the interview but I swerved reading it as I didn't find it relevant to myself or West Ham, but I think it's pretty damn well clear to see that us West Ham fans have probably made a tidy contribution to Jnr having some of those things in his pad.

I cannot believe this is happening to our club. :cry:



kitted out by sullivan senior , full of gawdy preposterous furniture , similar to the pimp palace in theydon ( been in lobby once ) .
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Re: Where is the money?

Postby hammer1975 on Wed Jan 10, 2018 11:29 pm

Something doesn’t add up. Simple wage bill growth in no way matches our income growth with the new TV deals coming in (not least because we also cut a few players), and we’ve had the lowest net spend since returning to the premier league in the past calendar year.

Wasn’t there a statement from the LLDC (or someone like that) suggesting they’d spent £5m-odd on legal fees defending themselves on challenges to the contract etc - from West Ham....?

I have a funny feeling that the accounts will reveal a sizeable legal cost on our side. The interesting thing (which we won’t be able to see) it that is the case is what those costs will be relating to and who would benefit from any legal actions.

That can’t possibly explain all of it though. Suspect we’ll show decent profit but poor cash flow at the end of Feb. Owners unwilling/unable to bridge the gap.
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Re: Where is the money?

Postby norse on Wed Jan 10, 2018 11:30 pm

RichieRiv wrote:This is the single biggest question that needs to be asked and answered.


https://media0.giphy.com/media/xTiTnHXb ... /giphy.gif
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Re: Where is the money?

Postby hamagram on Thu Jan 11, 2018 9:20 am

I still don't understand how or why the Daves allowed the American to beat them to the remaining straumer shares.
Maybe they're getting a taste of Karma..... Whilst The Daves loans were being rewarded at 7% they were happy to be involved. Now they have a new partner, effectively sitting on his hands, I suspect, they're not best pleased watching his shares increase in value, whilst, following the fan pressure they reap the 'reported' lesser interest payments.
A large reduction in the 'loans to shareholders" column of the accounts, would have a whiff of the kid that picks up the ball, and skulks off home with it.

West Ham made a profit reportedly of 8mil on the Boleyn...The Boleyn Phoenix company made a healthier profit in 2016,
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Re: Where is the money?

Postby Walter on Thu Jan 11, 2018 2:16 pm

RichieRiv wrote:This is the single biggest question that needs to be asked and answered.


The May 2016 accounts included a Post Balance Sheet Events note that said that the part of Sullivan's loan that was secured on the Boleyn was repaid in July 2016 and £4.2m of the shareholder loans (plus interest at 7%) were repaid in August 2016. I think we already know the answer to the question, and when the May 17 accounts are published expect to see more of the same.

Those 2017 accounts have been signed (they have to be to meet Premiership rules) but they are choosing not to put them in the public domain as they know that they will be subject to scrutiny. The 2016 accounts were signed in October 2016, but not filed with Companies House until the end of Feb 2017 (ahead of the Companies House deadline) as Wembley said.

If it wasn't already abundantly clear, they are not fans, they are shameless chancers who are only interested in lining their pockets.
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