Rich List

[Yorkshire Saint]

http://www.forbes.com/wealth/billionaires#p_8_s_arank_-1__-1

 

2011 List

 

I found Paul Allen at 57 net worth 13 Billion, no sign of the Leibherrs

[Matthew Le God]

no sign of the Leibherrs

 

So what exactly? These lists can never be accurate by their very nature. Are you trying to say they aren't billionaires? They can be quite easily shown to be in numerous other places.

Edited 10 March, 2011 by Matthew Le God

[saintroyt]

paul allen dos'nt own a football club so how is your posting relevant

[Matthew Le God]

paul allen dos'nt own a football club so how is your posting relevant

 

Yes, he does....

 

Seattle Sounders FC

[yorkiesaint]

No he's trying to say they're not on the list. I'm sure if you name your numerous other places, hopefully very credible sources, then everyone will be reassured.

[sambosa75]

No sign of Sheikh Mansour either and he must be well up there. Its obviously bollix.

[Gemmel]

Mike Ashley 1.9 billion... err i dont think so

[Miltonaggro]

Mike Ashley 1.9 billion... err i dont think so

 

I think that it's a misprint, it's supposed to be Laura Ashley!...

[John B]

Mike Ashley 1.9 billion... err i dont think so

 

Yes Probably right it is in US Dollars not Sterling

[farawaysaint]

For God's sake people the Liebherr's are rich we know that, the exact amount doesn't really matter as long as they run my club well. We're supposed to be self sustaining in a few years anyway

[the colonel]

These lists include people who want to be included.

[sir woody]

Who gives a toss !

[JustMike]

i see im not on it - oh wait, thats it, im skint!

[Hatch]

I know one of them on that list, only spoke to him a few weeks back.

[PaulSaint]

I know one of them on that list, only spoke to him a few weeks back.

 

Hello again Hatch, did you enjoy that Champagne?

 

[John B]

For God's sake people the Liebherr's are rich we know that, the exact amount doesn't really matter as long as they run my club well. We're supposed to be self sustaining in a few years anyway

 

I think we are now

as not much has been spent recently

[Matthew Le God]

I think we are now

as not much has been spent recently

 

The money for the the training ground cannot have come from money earnt by the club from two seasons in League One. It will be costing many millions of pounds.

[Window Cleaner]

The money for the the training ground cannot have come from money earnt by the club from two seasons in League One. It will be costing many millions of pounds.

 

Perhaps we got a loan

[Matthew Le God]

Perhaps we got a loan

 

That goes against the Liebherr business philosophy of the last 63 years of not accruing debt.

[saintscottofthenortham]

Perhaps we got a loan

What makes this post even better is...

 

He's serious.

[Window Cleaner]

That goes against the Liebherr business philosophy of of the last 63 years of not accruing debt.

 

Liebherr isn't running the club any more, we know that by his own admission that Cortese is autonomous.

[Matthew Le God]

People seem to think Guly cost us nothing. However he would have cost a sizable loan fee intitially in August and then a sizable (but undisclosed) transfer fee in January, along with agent fee, signing on fee etc etc.

 

Richardson cost £450k in the summer which is a large amount for a League One team, Dickson cost £225k and Butterfield as was out of contract, a large signing on fee and agent fee. The price for Forte was also undisclosed, he was a regular in a Championship side however.

 

In any case the squad was already pretty much sorted to be capable of a promotion campaign after 31st January 2010 after Puncheon, Seaborne, Fonte, Otsemobor and Barnard were brought. That was a mere 12 months ago! Relatively little was needed to be spent in the summer of 2010 or January 2011.

Edited 10 March, 2011 by Matthew Le God

[Matthew Le God]

Liebherr isn't running the club any more, we know that by his own admission that Cortese is autonomous.

 

Liebherr was at no point "running the club", he owned it but Cortese was running it for him. As it is still owned by the Liebherr estate, I very much doubt they would give him permission to accrue multi million pound debts by taking out loans for the company to buy a state of the art training ground for a League One club. Especially when the family prides itself in not accruing debt.

[Window Cleaner]

Liebherr was at no point "running the club", he owned it but Cortese was running it for him. As it is still owned by the Liebherr estate, I very much doubt they would give him permission to accrue multi million pound debts by taking out loans for the company to buy a state of the art training ground for a League One club. Especially when the family prides itself in not accruing debt.

 

But then again you know nothing whatsoever about the financial structure of the club or the Mali group or the heirs of M Liebherr. You are making suppositions as am I.I would think that some loan interest to be written off against tax would be highly desirable rather than spending capital for structural improvements.

Edited 10 March, 2011 by Window Cleaner

[Prince Jazzbo]

I've got a couple of billion Lira in a drawer in my kitchen. Why aren't I on the list?

[benjii]

Liebherr isn't running the club any more, we know that by his own admission that Cortese is autonomous.

 

He never was running the club.

[sotonjoe]

People seem to think Guly cost us nothing. However he would have cost a sizable loan fee intitially in August and then a sizable (but undisclosed) transfer fee in January, along with agent fee, signing on fee etc etc.

 

Richardson cost £450k in the summer which is a large amount for a League One team, Dickson cost £225k and Butterfield as was out of contract, a large signing on fee and agent fee. The price for Forte was also undisclosed, he was a regular in a Championship side however.

 

In any case the squad was already pretty much sorted to be capable of a promotion campaign after 31st January 2010 after Puncheon, Seaborne, Fonte, Otsemobor and Barnard were brought. That was a mere 12 months ago! Relatively little was needed to be spent in the summer of 2010 or January 2011.

 

 

Lots of speculative "would haves" there to be honest.

[NickG]

Perhaps we got a loan

 

No, being paid for by new money into club

[NickG]

People seem to think Guly cost us nothing. However he would have cost a sizable loan fee intitially in August and then a sizable (but undisclosed) transfer fee in January, along with agent fee, signing on fee etc etc.

 

Richardson cost £450k in the summer which is a large amount for a League One team, Dickson cost £225k and Butterfield as was out of contract, a large signing on fee and agent fee. The price for Forte was also undisclosed, he was a regular in a Championship side however.

 

In any case the squad was already pretty much sorted to be capable of a promotion campaign after 31st January 2010 after Puncheon, Seaborne, Fonte, Otsemobor and Barnard were brought. That was a mere 12 months ago! Relatively little was needed to be spent in the summer of 2010 or January 2011.

 

sure Lallana didn't sign a "sustainable on league 1 income" contract.

[benjii]

Lots of speculative "would haves" there to be honest.

 

Not really. They are all very likely to be correct.

 

Do you think we would have paid in aggregate less than half a million for Guly?

Do you think Butterfield didn't want a signing on fee? This is a proven Championship quality player; I'm sure we weren't the only club interested in him.

[Matthew Le God]

sure Lallana didn't sign a "sustainable on league 1 income" contract.

 

Yep, I should have included that. I bet Lallana is now one of the top earners along with Fonte and Lambert, getting "close" I'd guess to the £10k p/w mark. Plus the agent fee and signing on fee to persuade him to stay at Saints rather than go on a free in the summer in a lucrative deal for him. No doubt the ambition of the club and future plans were also a factor in keeping Adam, he would want to be at a club going places with ambition and resources, he could quite easily have gone to the Premier League or Championship in the summer if he wanted - but didn't.

Edited 10 March, 2011 by Matthew Le God

[Pedro]

Bet poopey have been sending begging letters out to that list.

[Gemmel]

Yep, I should have included that. I bet Lallana is now one of the top earners along with Fonte and Lambert, getting "close" I'd guess to the £10k p/w mark. Plus the agent fee and signing on fee to persuade him to stay at Saints rather than go on a free in the summer in a lucrative deal for him. No doubt the ambition of the club and future plans were also a factor in keeping Adam, he would want to be at a club going places with ambition and resources, he could quite easily have gone to the Premier League or Championship in the summer if he wanted - but didn't.

 

I would be amazed if the signing on fee wasn't 7 figures

[aintforever]

The club has spent alot for a league 1 club but we've had good attendances, kept prices reasonably high, have no mortgage/debt repayments to make and have had two years of decent cup runs. I heard from someone at the club that the MK Dons JPT semis and the Pompey FA Cup games alone netted us about £1mill between them. Doubt we would be far off break even.

[saintroyt]

I recall dear rubert stated that when we were in the championship with debts higher wages and 2million pounds a month mortgage we needed 17000 fans at each match to break even so without the liabilities lower wage bills and larger crowds i would imagine we are actually cash rich

[St_Tel49]

But then again you know nothing whatsoever about the financial structure of the club or the Mali group or the heirs of M Liebherr. You are making suppositions as am I.I would think that some loan interest to be written off against tax would be highly desirable rather than spending capital for structural improvements.

NC has said that the Leibhers have independently financed the improvements to the Academy and training ground - there is no loan involved.

[Gemmel]

NC has said that the Leibhers have independently financed the improvements to the Academy and training ground - there is no loan involved.

 

 

I would love to see a direct quote for that.

 

Whilst everyone is jumping down Window cleaners throat, I would be amazed if the investment todate hasnt been done through loan notes or something similar, simply as it is the most tax efficient way of injecting cash into a business. There has been some mention of non returnable bonds (Which I know nothing about) but even if there is never an intention to reclaim the loan, (Same as Chelsea, Man City etc etc) that is the best way of doing it.

[NickG]

Cortese said the club were not funding the development nor loans - the club do not and will not have any debts at all.

 

Very clear and about time "fans" starting believing the club

[farawaysaint]

I would love to see a direct quote for that.

 

Whilst everyone is jumping down Window cleaners throat, I would be amazed if the investment todate hasnt been done through loan notes or something similar, simply as it is the most tax efficient way of injecting cash into a business. There has been some mention of non returnable bonds (Which I know nothing about) but even if there is never an intention to reclaim the loan, (Same as Chelsea, Man City etc etc) that is the best way of doing it.

 

It depends on how long the Liebbher's are intending to own us for. The loan funded option would be less attractive to potential buyers in the future as it would lower the value of the club and the future profits available as well obviously. If however they intended to hold on to us for the duration of the long term loan, (Unlikely if as stated we have a 5 year plan,) Then obviously the interest deduction for tax purposes would be far and above the most attractive means of funding as they could reduce the tax paid on profits for the duration of the loan, (If we're not predicted to make a profit for many years anyway which, as this is football, is likely then the tax deduction is meaningless as I believe assessed losses can only be carried forward if the entity is going to be profitable.) That coupled with the Liebbher's vast fortune may make owner's equity the best funding option. Issuing bonds is an option and I think the interest payments on bonds would be deductible by the company, are non-returnable bonds the same as perpetual bonds anyone? (I write all this whilst wearing a tin-hat in case I've got anything wrong.)

[Matthew Le God]

If however they intended to hold on to us for the duration of the long term loan, (Unlikely if as stated we have a 5 year plan)

 

The five year plan was to get Saints into the Premier League. There will be other plans on top of that. Cortese has talked about expanding the stadium and aiming to get in the Champions League, that is probably the plan from 2014 - 2019.