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Wednesday takeover complete - Dave Allen agrees deal with Mandaric
tartanowl replied to tartanowl's topic in The Lounge
Not what I said. The bank have been paid £8m and have written off nearly £20m as part of the deal. As far as they saw it they would rather see something now as part of a takeover than recieve nothing whatsoever. The deal is done and they are happy. Obviously that works well for the club too. Thanks I appreciate what you say. I'm not the sort of bloke that mouths off to all and sundry and takes the ****. I am here for football banter and purely to chat with Saints fans about football. No loss to us mate. He couldn't get a game for us recently anyway and he hasn't been in form for a long time. It's a good move for both Marcus and Sheffield Wednesday. -
Wednesday takeover complete - Dave Allen agrees deal with Mandaric
tartanowl replied to tartanowl's topic in The Lounge
Written off by the bank as part of the deal. -
Wednesday takeover complete - Dave Allen agrees deal with Mandaric
tartanowl replied to tartanowl's topic in The Lounge
Ecstatic. I know there are reasons to be wary but without a takeover we would still be £30m in debt, heading towards admin, and minus 10 points. The majority of that debt is now gone due to a write off by the Co-op Bank and we have a very realistic chance of promotion at the first time of asking now. The short and long term future of the club now looks much brighter. -
Wednesday takeover complete - Dave Allen agrees deal with Mandaric
tartanowl replied to tartanowl's topic in The Lounge
Radio Sheffield and Sky Sports News ticker. -
Wednesday takeover complete - Dave Allen agrees deal with Mandaric
tartanowl replied to tartanowl's topic in The Lounge
Well your mods can move it then if need be. Apologies. Thank you it is a great feeling. -
Wednesday takeover complete - Dave Allen agrees deal with Mandaric
tartanowl replied to tartanowl's topic in The Lounge
Did you complain about the Plymouth thread in this section too? -
Wednesday takeover complete - Dave Allen agrees deal with Mandaric
tartanowl replied to tartanowl's topic in The Lounge
Don't worry I have. I just thought I would let you know of the developments. And obviously I am wary about some things, but the future overall looks a lot better. The debt that has strangled us and held us back for years is gone. We will rise again. -
Who do you think will go up automatic?
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I'll put my trust in you then.
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It has been done before. Wembley is being used for the CL Final. When we won the League 1 playoffs it was held at the Millenium Stadium.
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I think both Wednesday and Southampton have been disappointing so far this season. However, you have a very winnable 3 games coming up. We also on paper have a comfortable December. You are 4 points outside the automatics, we are 2. Looking at the upcoming fixtures for the teams at the top I fancy us both to be in the top 3 by Christmas.
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It is strange but he has been very popular there in his time. All the Doncaster fans I know rate him. We've done something similar yesterday with Marcus. He (rightly) hasn't been anywhere near the first team in recent weeks and has gone to Forest on loan. He hasn't been good enough for a long time now and most of our fans are not too bothered.
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Compared to Pompey our debt was tiny, and like you say they got their success by spending more than they could realistically afford. We have struggled for a decade paying next to nothing in transfer fees, paying relatively mediocre wages, whilst trying to chip away at the debt, and after years of bad management we very nearly became the next admin club. As well as Pompey, there are a number of clubs with smaller fanbases than ours with much larger debts. I don't see how long term they can have a strategic plan to become solvent? Football is dead and has gone absolutely crackers. Bolton with their £30m+ annual loss, our porcine neighbours across the city 2 days ago announced an £18m loss. I feel for the younger generation of football fans. Football is no longer a contest it's about which chairman has the biggest bank account. I can at least happily say that in my younger years I saw my team win at Wembley in a major cup final. I doubt I will ever see that again in footballs current format.
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I agree. The game is an absolute mess and it needs changing. We are very fortunate that the Co-op Bank have agreed to write off huge amounts of our debt.