And if we do sell all the young players, which division will we end up in if whoever buys the club have no money to invest in the club?

It might suit the ST but will it suit the fans? Then again I suppose it gives Eddie more time to do some more asset stripping.

The future is bright.

Like all clubs you can see it being mortgaged by any buyer to provide some funds that will depend on clearing the existing loans secured against the assets before it is sold.
Once we are operating deep down the leagues life could be harder than last time but we would still be alive just ! Who owns us is the difficult one to get your head round a ST couldn't meet mortgages and loans without a sugar daddy in the investors who would likely want a big say in matters or could already be plotting a takeover from the inside of a ST owned club similar to how Ed first took over as ever the ordinary fan is last to know or have a real say in matters.

As for Ed I do think this hanging on is for a reason is it waiting for summer and lower cost and the right buyer who knows more likely he is sorting out his own empire in the sun and will only move when he is ready.

Perhaps Monday will give us a clue or more of an idea if they blag another extension or throw the towel in. I'll be watching out for the twist of somebody turning up at court with a letter of intent from the only buyer left at the table.

Good opportunity to clear the decks. Would only keep the younger players who are good enough. Only holding is a cert to try and keep. Also woolery. Walker did well last season but barely seen this season has he gone backwards? Taylor did well in his one appearance. Hard to tell with the younger players if you never see them play. None of the senior players on the list will be kept.

Benny you are convincing me we are destined for lower than L1 when the young ones who have some potential leave to play elsewhere we would be down to next to nothing waiting a couple of years for the next crop to come through the system before managing to make anything like a proper team.

i would hazard a guess, but dont know the facts, that the figures being bandied about re the purchase wont include much asset value of players. Id guess that the vast majority of the value is in the Tangible assets i.e stadium, training ground etc.

The reason being the asset value of the players, arent generating income...so technically, they are worthless.

The land and building always have income generating potential

But you still buy the contracts and wage commitments as part of any deal the ones out of contract after this summer will have a price attached to them for tax purposes. The land and buildings are worthless and unsaleable until some sort of deal is done with the loans secured against them.
Hence you can snap up the club for a quid if you have the funds to manage all that comes with it its all the bits which have ruled out all but one bidder so far as it was beyond them to stand anything more than a very short term commitment without needing the assets unfreezing to allow mortgages to be taken against them.

I would think that division 1 will only be the start of the fall down the leagues unless a miracle happens and that's not looking likely.

Just wondering if Ed will bite the bullet before the court case and go into administration. It's getting close now.

comment by Ye Olde Pasty (U2191)
posted 4 hours, 43 minutes ago
But you still buy the contracts and wage commitments as part of any deal the ones out of contract after this summer will have a price attached to them for tax purposes. The land and buildings are worthless and unsaleable until some sort of deal is done with the loans secured against them.
Hence you can snap up the club for a quid if you have the funds to manage all that comes with it its all the bits which have ruled out all but one bidder so far as it was beyond them to stand anything more than a very short term commitment without needing the assets unfreezing to allow mortgages to be taken against them.
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I would expect that its the other way around. The contracts wont i dont expect be worth much. On paper they maybe, but the consideration from a buyer, they wont, most players are average at best. From what i gather the assets arent mortgaged anymore l, that loan was paid back. The value is in the bricks and mortar, not pratleys left peg

What do you mean loan it should be plural as in loans.
The player contracts are with the business so they are included and of benefit for tax purposes you couldn't devalue them or exclude. Until all loans are fully paid off our valuable assets are the saleable players but Terry failed to shift any and the window is shut While we are under court orders the creditors come first so it's catch 22 until somebody moves.

Ok ye olde. My guess is ur incorrect on ur point that the players paper value will be a big consideration. I expect it isnt, as they arent valuable assets....proven by the fact they couldnt be sold.

The reason we are worth anything is because we own our stadium etc etc etc. The whole reason we are not being sold for a pound

I think you will find we will be sold for a pound with a contract full of terms and conditions you will never see. You will probably find it includes paying off creditors within x days of handing over your pound.

I am correct in the players contract value will be in the contract of sale for the club the fact they are in there doesn't mean you will be paying that value. I'll be buying the club for a quid with the players contract value in the detail.
We currently do not own our own stadium there is a loan secured against it. You have to wait for Ed to shuffle a lot before buying the club debt free he's been busy doing just that in the last 10 days while on the beach.

The loan and car park deal paid of a debt to Brett as part of the shuffling and borrowing to do the deal.

couldn't a player's contract be torn up? worth nothing in assets then, same as if the players walked after not being paid wages,
or am I completely wrong?

Not really Isaac you either have to pay the contract up or make them redundant both are subject to employment and contract laws.
The Blackpool way was about the only way of getting around it all if we had known where we would be now at the start of the season I'd have been tempted to follow their lead.

Maybe a stupid question...what is the asset, the player, the contract or the registration of that player?

Altogether the cost of acquiring or replacing a player registration and contract together make a value for tax and insurance purposes to the player and club. Think of it t as an asset and a liability if a contract is in place to pay and insure the player we will have a value in mind as to what each contract is worth if somebody wants to buy the contract and transfer the player in the meantime we have to pay insure and cover the cost of registration.

Cud be torn up by mutual consent only. Pastys pritty much spot on