The Football News Thread 2022/23

[Johnny75]

YLTSI

https://twitter.com/x/status/1643597352958132225

A genuinely stupid man. I'm amazed he got as far as he did.

 

[Jack Regan]

https://twitter.com/x/status/1644288042117611521

Seems everyone who works at Forest is a c**t.

 

[SSB]

Seems everyone who works at Forest is a c**t.

Or The FA are seriously in need of money.

 

[Paul]

https://twitter.com/x/status/1644288042117611521

Seems everyone who works at Forest is a c**t.

Some of the comments
"Will wolves receive a fine for this incident too?"
"Somehow Wolves will get fined for this"

 

[Paddingtonwolf]

I was bored so had a little look at the accounts of our dear friends down the road.

A couple of years ago the owner of 88% of the shares, Mr Lai, borrowed £5m from the club. This has not been repaid.

In the new accounts, West Brom group has borrowed £2m from a company called Warmfront Limited, registered in Brierley Hill, with one director with connections to Lai. A touch opaque but it looks like Lai has interest in Warmfront. This loan is at a punitive interest of £7,600 a DAY, and is secured against just over 2% of the share capital of West Brom group. At that interest rate £2m could turn into £5m in one accounting period.

A new company called West Brom (HK) has been created. WB Group immediately loaned it the £2m at a much lower interest rate. This loan has been immediately defaulted and impaired to a nil value in the accounts.

That’s a novel way to leech money out of the club to clear your own personal debt secured against shares that you already own. Not dodgy at all.

 

[jd1981]

Being used as a bit of a cash cow, owner is running the club into the ground.
This ends one way if he doesn’t sell up in the near future.

 

[Templeton Peck]

It was promotion or bust. They're not getting promoted bar a huge pick up in form.

 

[Tredman]

Even if they were promoted it wouldn’t solve their governance problems. Their ownership is incredibly murky.

 

[Derby Wolf]

I was bored so had a little look at the accounts of our dear friends down the road.

A couple of years ago the owner of 88% of the shares, Mr Lai, borrowed £5m from the club. This has not been repaid.

In the new accounts, West Brom group has borrowed £2m from a company called Warmfront Limited, registered in Brierley Hill, with one director with connections to Lai. A touch opaque but it looks like Lai has interest in Warmfront. This loan is at a punitive interest of £7,600 a DAY, and is secured against just over 2% of the share capital of West Brom group. At that interest rate £2m could turn into £5m in one accounting period.

A new company called West Brom (HK) has been created. WB Group immediately loaned it the £2m at a much lower interest rate. This loan has been immediately defaulted and impaired to a nil value in the accounts.

That’s a novel way to leech money out of the club to clear your own personal debt secured against shares that you already own. Not dodgy at all.

West Brom chiefs raise fears for future as accounts revealed

Albion chiefs have revealed they are likely to be reliant on players sales on top of a controversial £20million loan for the club to continue as a going concern.

www.expressandstar.com

That in itself presents problems because who from the below will raise substantial cash?


Livermore will likely go, out of contract and get his wages off the bill but Matt Phillips has another year to run, and at 32 not likely to generate much interest. They might get a few quid for Diangana but that squad is already full of career championship players like Reach, Wallace and Swift.

 

[Deano]

Hopefully they go out of business so we never have to play them again.

 

[Paddingtonwolf]

I wouldn’t wish that even on them. Albion fans are cut from similar cloth to us and they don’t deserve what this cunt is doing. It’s scandalous.

 

[Tredman]

Wouldn’t wish that any proper club. The games themselves can get in the bin but that could easily have been us.

 

[Tony Towner]

Hopefully they go out of business so we never have to play them again.

A comment so stupid it could have been made by the bloke under your username

 

[Paddingtonwolf]

Wouldn’t wish that any proper club. The games themselves can get in the bin but that could easily have been us.

Never ever forget that when we nearly went pop their fans had buckets out to try and raise funds. We can despise them in a proper local rivalry way but that moment should always be remembered with great thanks. If they go near to the wall I would hope we would do similar to return the favour.

 

[Tony Towner]

When a club goes bust particularly one of a reasonable size it's not just the team on the pitch who disappear so do jobs in a direct and indirect sense. Then the football foundation/community trust which does untold work in the community relying on money provided from the club, but more importantly the reach, funding and access which the name provides either disappears or has to massively scale down it's operations, which span way deeper than those connected to football. They help run food banks, support young disadvantaged people of school age and older, provide contact for lonely elderly people and put on other social projects. So yes let's lose that for the sake of cheap Internet points.

Anyone who genuinely wants another club to go bust (Twitter is full of them) is either attention seeking, hasn't thought it through properly, a sociopath or just a little bit simple.

 

[Paddingtonwolf]

100%. I agree with every word

 

[jd1981]

10 stadiums for 2028 Euros bid
Casement park
Croke park
Aviva
Principality stadium
Hampden
St James
Everton
Etihad
Wembley
London stadium

Basically screw you the midlands

Gut instinct Turkey might get this, considering Wembley virtually hosted a good proportion of the 2021 Tournament.
Just seems a bit more regionalised version of 2021 really.

 

[Sniffer]

10 stadiums for 2028 Euros bid
Casement park
Croke park
Aviva
Principality stadium
Hampden
St James
Everton
Etihad
Wembley
London stadium

Basically screw you the midlands

Gut instinct Turkey might get this, considering Wembley virtually hosted a good proportion of the 2021 Tournament

? - From the Belfast Telegraph

Casement Park in Belfast is officially part of the UK and Ireland’s final bid to co-host the Euro 2028 football tournament.
Initially part of the 14 stadium preliminary list, the west Belfast venue will join other stadiums from across England, Wales, Scotland and Dublin hosting matches if the bid is successful.
The Aviva Stadium in Dublin is also included in the final bidding list, however Croke Park – previously on the preliminary list – has been dropped from the final bidding list by the associations.
The English stadia include two in London – Wembley and the Tottenham Hotspur Stadium. The Etihad Stadium and St James’ Park are also on the as is Villa Park in Birmingham.
Everton’s new ground at Bramley-Moore Dock is on the shortlist, as is Villa Park in Birmingham.
The Principality Stadium in Cardiff and Hampden Park in Glasgow complete the list.

Euro 2028: Casement Park and Everton's Bramley-Moore Dock among 10 stadiums for UK & Ireland bid

Belfast's Casement Park and Everton's Bramley-Moore Dock, two unbuilt stadiums, are part of the UK and Republic of Ireland's joint bid to host Euro 2028.

www.bbc.co.uk

 

[jd1981]

Villa park not on the list according to beeb

 

[jd1981]

England really should be able to host it alone
St James
Stadium of light
Etihad
Old Trafford
Everton
Villa park
Pride park
Wembley
London stadium
Amex