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Nick it's the prior accounting period so won't include the whiteman sale and you wouldn't see the effect of a sale without the p&l etc anyway.These accounts these days don't tell us much.
We always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .
The VSC have seen the full accounts, as committed to by the club under the terms of the MOU.We will be publishing our report, as usual, once we’ve had the Q&A with the club.
Quote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB.
Quote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.
Quote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact.
Quote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).
Quote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of
Quote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).
Quote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of You my friend, are a financial illiterate.
Quote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of What are these multitude of other methods that are simple and easy.Forgive me but you seem to lack a grasp as to how share valuations etc work?
Quote from: big fat yorkshire pudding on July 01, 2021, 12:02:28 pmQuote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of What are these multitude of other methods that are simple and easy.Forgive me but you seem to lack a grasp as to how share valuations etc work?Your the one accusing me of being incorrect, so you prove to me how TB won't get his money back . If your not aware of other ways of getting money into clubs, then your probably not as well read as some in the know .
Quote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of What are these multitude of other methods that are simple and easy.Forgive me but you seem to lack a grasp as to how share valuations etc work?
Quote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of
Quote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).
Quote from: Redandwhite on July 01, 2021, 01:20:06 pmQuote from: big fat yorkshire pudding on July 01, 2021, 12:02:28 pmQuote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of What are these multitude of other methods that are simple and easy.Forgive me but you seem to lack a grasp as to how share valuations etc work?Your the one accusing me of being incorrect, so you prove to me how TB won't get his money back . If your not aware of other ways of getting money into clubs, then your probably not as well read as some in the know . Just let everyone know what these 'other ways' are so they can judge for themselves.Seems the obvious thing to do.
Quote from: big fat yorkshire pudding on July 01, 2021, 12:02:28 pmQuote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of What are these multitude of other methods that are simple and easy.Forgive me but you seem to lack a grasp as to how share valuations etc work?Your the one accusing me of being incorrect, so you prove to me how TB won't get his money back . If your not aware of other ways of getting money into clubs, then your probably not as well read as some in the know .
Quote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of What are these multitude of other methods that are simple and easy.Forgive me but you seem to lack a grasp as to how share valuations etc work?
Quote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of
Quote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).
I don't blame tb for creating the shares . Its his money . But to claim he will never get his money back is very wide of the mark . It all depends on the negotiations with the buyers, and price per share . If he didn't want the money back, he could pump it in without creating shares . There's ways and means . (For the record I don't like these ways ) I much prefer the way tb is doing it .
Quote from: vaya on July 01, 2021, 01:24:46 pmQuote from: Redandwhite on July 01, 2021, 01:20:06 pmQuote from: big fat yorkshire pudding on July 01, 2021, 12:02:28 pmQuote from: Redandwhite on July 01, 2021, 11:50:52 amQuote from: big fat yorkshire pudding on July 01, 2021, 11:29:59 amQuote from: Redandwhite on July 01, 2021, 11:15:26 amQuote from: GazLaz on July 01, 2021, 10:15:17 amQuote from: Redandwhite on July 01, 2021, 10:04:35 amQuote from: graingrover on July 01, 2021, 07:55:11 amWe always have to bear in mind the benevolence of our owners who have an excellent track record of converting debt to equity knowing that the only return of that investment would come from the sale of the company for that accumulated equity .Which is what every owner/ benefactor does to make sure they get their money back when the club sells . I have a suspicion it won't be far off, given the age of TB. Are you drunk? TB has probably put £15m or more of his own money into the club, do you really think he converts that into shares with a hope of getting it back one day? I’ll tell you how much of that amount he will get back, zero pounds and zero pence.I'm not drunk. Your deluded if you think otherwise . Why convert it to shares ? Why not write the loan off ? You base your statement on nothing whatsoever . I wasn't having a dig, just stating a fact. It would be incredibly bad business and accounting. The write off would produce a credit to p&l thus increase profit. A £6m profit would incur a fairly hefty tax charge costing substantial sums. It's standard business practice to convert to equity. Whether they have 34million shares or 3 shares makes no odds they still get the same money at the point of sale (probably f**k all).If the owners wanted to put money in with no strings attached, there are a multitude of ways of doing it without creating more shares . They have created the shares to protect their money/ investment. Same as most owners, as when the club gets sold they have more shares to sell and negotiate the price of What are these multitude of other methods that are simple and easy.Forgive me but you seem to lack a grasp as to how share valuations etc work?Your the one accusing me of being incorrect, so you prove to me how TB won't get his money back . If your not aware of other ways of getting money into clubs, then your probably not as well read as some in the know . Just let everyone know what these 'other ways' are so they can judge for themselves.Seems the obvious thing to do. This. I'm sure the owners would like to know how they can get their tens of millions of pounds back from a loss making company with next to no assets....