[Archived] Other Premier League Happenings

[mickbrown]

West Ham haven't defaulted on any paymets re transfer fee's due, how can you possibly state that the current board have no intention paying ?

West Ham owe money to the banks, who doesn't ? The have a long term mortgage which they are servicing the interest payments.

Why should West Ham sell all their best players ? Why shouldn't they refuse them ? By selling fringe players they will meet all the commitments they have.

West Ham are not insolvent and West Ham Holdings is ringfenced from Hansa's debts as stated by the vice chairman a couple of months ago.

[philipl]

West Ham haven't defaulted on any paymets re transfer fee's due, how can you possibly state that the current board have no intention paying ?

West Ham owe money to the banks, who doesn't ? The have a long term mortgage which they are servicing the interest payments.

Why should West Ham sell all their best players ? Why shouldn't they refuse them ? By selling fringe players they will meet all the commitments they have.

West Ham are not insolvent and West Ham Holdings is ringfenced from Hansa's debts as stated by the vice chairman a couple of months ago.

Pompey haven't defaulted on transfer payments yet apparently but West Ham for sure have very significant transfer debts within the £50m as even the 31/5/07 accounts show.

Tribal but signals that West Ham have not found a buyer. The new hearing will kill any possible sale anyway.

The Daily Mail has by far the best and most accurate reporting record on the Tevez affair. It looks like that because of thye delays, Sheff U have claimed for a second season outside of the Prem and so the Arbitrators are looking at a £50m bill from them.

It also points to a heavy fine and points deduction.

[mickbrown]

The Debts of £50 Million, £6 Million was repaid before December'07 and £20 Million was converted into equity.

So the debt stood at £25 Million, and £21 Million of that debt isn't repayabe til 2016.

Unless there is something major I don't know about then West Ham don't have to sell their best players.

As regards Sheff Utd they are unlikely to get more than £10 Million, and the £10 Million will not be payable immediately but under a timescale agreed by both clubs.

[philipl]

But West Ham carried on spending after May '07.

The £50m is Keith Harris' figure for current debt- hasn't he been trying to sell West Ham?

The Arbitration has said West Ham have to compensate Sheff U in full for their losses. The only points of issue are the extent of the losses assessed by the accountants reporting to the arbiters by March and whether the second year is admissable and West Ham's attempt to get the matter referred to CAs must surely make the arbiters minded to admit the second year claim?

Looking at it pragmatically, if West Ham had shut up and paid up cash when the arbitration ruled, you probably would not be facing the PL/FA investigation now as you could probably have got no further action written into an agreement with both the PL and FA.

I stand by my opinion that West Ham are more likely than not to face administration this season.

[leftfooter]

The Debts of £50 Million, £6 Million was repaid before December'07 and £20 Million was converted into equity.

So the debt stood at £25 Million, and £21 Million of that debt isn't repayabe til 2016.

Unless there is something major I don't know about then West Ham don't have to sell their best players.

As regards Sheff Utd they are unlikely to get more than £10 Million, and the £10 Million will not be payable immediately but under a timescale agreed by both clubs.

You don't actually know that do you?

You're simply parroting blandishments emblematic of the Brown/Duxbury junta.

As further evidence of West Ham's duplicity and subterfuge comes to light, Sheffield Utd and the arbitration panel are less likely to be so agreeable to much of a 'timescale'.

[mickbrown]

But West Ham carried on spending after May '07.

The £50m is Keith Harris' figure for current debt- hasn't he been trying to sell West Ham?

The Arbitration has said West Ham have to compensate Sheff U in full for their losses. The only points of issue are the extent of the losses assessed by the accountants reporting to the arbiters by March and whether the second year is admissable and West Ham's attempt to get the matter referred to CAs must surely make the arbiters minded to admit the second year claim?

Looking at it pragmatically, if West Ham had shut up and paid up cash when the arbitration ruled, you probably would not be facing the PL/FA investigation now as you could probably have got no further action written into an agreement with both the PL and FA.

I stand by my opinion that West Ham are more likely than not to face administration this season.

Harris is NOT acting on behalf of West Ham as selling the club and speaking of Harris he said in November he expects the club to be sold soon.... Harris is abit of a "rent a quote" when it comes to takeovers.........

The arbitration will compensate as you say in full for their losses, which is different to a decrease in turnover. Sheff Utd's small profit in the premiership went into a small loss for their first year in the championship, so as I see it about £10 is the maximum they can receive.

West Ham is in a healthy position with a bankrupt owner. We will not face administration in the near future unless this new commission finds something new........

[tony gale's mic]

Sheff Utd's small profit in the premiership went into a small loss for their first year in the championship, so as I see it about £10 is the maximum they can receive..

I'm no financial expert but surely Sheff Utd can claim this small profit could have turned into bigger profit had they sustained an extra season in the Premiership? After all I've seen several clubs who've got relegated report quite large losses in their first season down, so this suggests Sheff Utd were on a fairly sound financial footing and could have done much better out of a second season in the top flight.

This £50m figure must have come from somewhere as they'd be required to defend it.

[rover6]

A couple of wingers on the move now, Etherington to Stoke and Chris Burke to Cardiff. Both are pretty useful but injury prone. If the aforementioned clubs can get and keep these guys fit, I think that they will be very good signings.

[thenodrog]

Meritable?? More like stupid. £14m for Downing is crazy money. They are in deep troubl and have no cash, that £14m could buy them 2 or 3 very decent players that could be the difference between going down and staying up.

Can a team play 13 players now?

Anyway Hughesy care to comment on how our team was strengthened with the 3 'decent' players that we got in with the money that we raised from the sales of Brad and Bents?

[colbert]

I tell you what, although probably most people on here will not see it as a 'proper' club but MK Dons are doing great in div 1. i think they are worth a bet to get in Premier leauge withing the next five years.

Probably not very popular but you heard it first here!!!

[Jan]

I tell you what, although probably most people on here will not see it as a 'proper' club but MK Dons are doing great in div 1. i think they are worth a bet to get in Premier leauge withing the next five years.

Probably not very popular but you heard it first here!!!

And, gosh, they managed to do it after we bought their "manager" and "star player". Looks like any idiot COULD have managed MK Dons to success.

[colbert]

And, gosh, they managed to do it after we bought their "manager" and "star player". Looks like any idiot COULD have managed MK Dons to success.

you would do well there then!

[Fylde Coast Fan]

Other clubs gossip from the Sun:

- Nicky Shorey told he can leave Villa

- Bolton in for Barton for £2 million

- Spurs bid £6 million for Kenwyne Jones rejected

- Liverpool to offer Pennant a 12 month extension

- Alan Smith / Mido swap is off

- Gary Megson is facing a straight choice between signing Calum Davenport or Sebastien Puygrenier

- Spurs might go for Aruna Dindane, who has previously been linked with Pompey and Stoke, at around £4 million

[Jan]

you would do well there then!

Remind me who spotted Ince was useless and who didn't. I suspect the only idiot in the mix is you, And Paul Ince, of course. Housework is about his level.

[colbert]

Remind me who spotted Ince was useless and who didn't. I suspect the only idiot in the mix is you, And Paul Ince, of course. Housework is about his level.

Not sure if you are aware but Ince is not manager at MK Dons anymore......

My post was about how well they are doing now. Nothing to do with Ince. There is always one!

[alexanders]

7.51 Middlesbrough boss Gareth Southgate insists Stewart Downing should be aiming higher than Tottenham, who have had two bids rejected for the unsettled winger.

Haha. Go Gareth!

[BuckyRover]

Remind me who spotted Ince was useless and who didn't. I suspect the only idiot in the mix is you, And Paul Ince, of course. Housework is about his level.

Do you ever stop talking about Ince?

It must be love

[T4E]

Do you ever stop talking about Ince?

It must be love

I'll assume you're doing it on purpose.

[Majiball]

A couple of wingers on the move now, Etherington to Stoke and Chris Burke to Cardiff. Both are pretty useful but injury prone. If the aforementioned clubs can get and keep these guys fit, I think that they will be very good signings.

Burke to Cardiff its only a couple of years ago he was being stalked by Juventus. Just go's to show you need more than skill with a ball in the modern game. Hopefully it'll be the rocket he needs but alas he looks like following the scottish "Teddy".

[philipl]

Most of the press is taking the line that West Ham are closer to administration and that Lord Griffiths branded their CEO a liar.

Here's an interesting one-

What happens if this inquiry (not a disciplinary case yet) finds no evidence to support the Griffiths findings because the key incidents were all verbal and face-to-face? Then the Griffiths-led arbitartion would be undermined and West Ham get away without paying Sheff U.

Apparently Maurice Watkins, the solicitor loaned by Man U to West Ham as the Telegraph describes him, sees the inquiry as the best way of West Ham appealing the Arbitration decision. They are very confident that the evidence-based approach of an inquiry will lead to a case not proven decision rather than the balance of probabilities approach that arbitrators are allowed to take. No doubt that all the other damning stuff that came out over the transfer to Man U will be dealt with lots of insider material carefully presented from the Man U end.

So the inquiry is not the slam dunk it first appeared.

Frankly if this is true, it seems a desperate gambit that could backfire spectacularly. But it seems the West Ham set-up is so far over the edge that they have concluded they have little to lose in inviting a process which if it does not go against the conclusions of the Orton appeal and the Griffiths arbitration, both of which considered the original FA punishment bizarly lenient but just within the law, will result in points deduction and a fine.

[T4E]

Burke to Cardiff its only a couple of years ago he was being stalked by Juventus. Just go's to show you need more than skill with a ball in the modern game. Hopefully it'll be the rocket he needs but alas he looks like following the scottish "Teddy".

Burke is very talented but he's way too injury prone. The strange thing about him is it's not one problem area ala Dunny/Reid, he's had a lot of different problems.

If they can keep him fit the fee that has been mentioned is a bargain.

[LeftWinger]

Burke is very talented but he's way too injury prone. The strange thing about him is it's not one problem area ala Dunny/Reid, he's had a lot of different problems.

If they can keep him fit the fee that has been mentioned is a bargain.

I've always thought Burke looked class. I spoke to a Rangers fan about him though - who watched them every week home and away - and he said he would be class one week and then annoymous for weeks.

[mickbrown]

Philip,

If West Ham don't sell half their squad come Feb 2nd, are you going to admit you were wrong ?

West Ham are not in any financial trouble, BG is personally.

Just because the tabloid journalists believe we are, and we all know how reliable they are doesn't mean its true........

I agree, the new enquiry is welcomed. Lord Griffiths overstepped his authority with his judgement.

KIA is now on West Ham's payroll as he is the only person who can get West Ham in trouble with any further evidence.

it's a dead duck to be honest........

[leftfooter]

Philip,

If West Ham don't sell half their squad come Feb 2nd, are you going to admit you were wrong ?

West Ham are not in any financial trouble, BG is personally.

Just because the tabloid journalists believe we are, and we all know how reliable they are doesn't mean its true........

I agree, the new enquiry is welcomed. Lord Griffiths overstepped his authority with his judgement.

KIA is now on West Ham's payroll as he is the only person who can get West Ham in trouble with any further evidence.

it's a dead duck to be honest........

First it was Oliver Holt.

Now we have Trevor Brooking anonymously posting...

[philipl]

KIA is now on West Ham's payroll as he is the only person who can get West Ham in trouble with any further evidence.

it's a dead duck to be honest........

Wow, you have bought your own perversion of the course of justice?

Well done!