Why? Anyone can take a salary cut at any point? If they know there is a reasonable amount of focus in their salary, they can accept for it to be publicly cut but privately be at the same amount through being paid by other means. Really don’t think it’s unusual.
I’d assume the £300k per month loss figure is just based on our fixed incomings and outgoings (whatever they may be) so we could sell a player like Asprilla for £25m which ends up putting us into profit for the FY, but, the club is still down £300k every month based on fixed incomings and outgoings. Transfer fees can’t be predicted, forecasted or relied upon, so I’d imagine there will always be a desire to get the £300k figure down irrespective of who we do or don’t sell, and whether we actually make a profit or loss each year.
By the way, if you’re taking about what a seen publicly then the directors bonus isn’t disclosed separately in the accounts so ‘publicly’ his overall remuneration would be lower .
Most industries don’t have the concept of promotion v relegation though. When turnover is so massively reduced it is perfectly reasonable for Duxbury salary to revert to mean or he leaves if he considers himself premier league quality.
Let’s say we get Asprilla sale over the line, surely we have steadied the boat for next 5 years. Given wages will come down a bit even further then surely surely it’s not unreasonable for Pozzo to invest a bit in first team squad.
Yeh fair point I know nothing about how the football industry works . I guess we’ll never know as all we’ll see is his overall remuneration reduce( assuming this is the case) .
No need to get so grumpy. I don’t doubt you were told what you said. I’m just saying that it’s a requirement to include the sort of thing you mentioned in the emoluments figure so would include these and the auditors would check. That’s all. I’ve no idea about what Scott gets but I do know what the disclosure requirements are as I’ve done this for 35 years or so, so the auditors would have to be complicit or negligent to exclude.
And within that 5 years I'd like to think that we might just unearth another gem and sell at a big profit.... Georgie for instance.
I suppose a lot depends on Pozzos intentions, if he thinks getting back to the PL is unlikely, or not worth the investment he might just look to run the club on a shoe string and siphon off any player trading profits, either through paying down his own debt, paying Mogi, or however else he can achieve it. Of course it would hopefully mean the club is ok as a going concern, but we’d just be treading water like a lot of other Championship clubs do that have very wealthy owners, a bit like Stoke themselves. A bit like pre Pozzo, we might then hit lucky every decade or so and sneak a play off win, or end up in L1.
Just because I know nothing about how business is run and financials has no impact on myself understanding of Computer Science and Software. I an always willing to learn more and Burnsy and TuT obviously know more than I do in said area. So I know I will be wrong with my assumptions, but as I said willing to know why and how I was wrong.
Yeah this. I think we are back to the pre Pozzo days and at least the difficult transition from Prem league/parachute income club to champ income club will have been hopefully completed safely if we sell Asprilla for the sort of sums suggested. Hopefully an "out of the blue" promotion at some point, though bear in mind pre Pozzo, excluding those achieved by the great GT, we only achieved one promotion (Aidy's) between any of the top 4 leagues in about 40 years....
It's not really 'business or financials', it's more about law, specifically the ownership of property. If you own both a suburban house and a holiday home and decide that you want to live permanently in the latter rather than the former, you still own the house even though it is empty. Of course, you can sell the empty house, in which case someone else will then own it. (Let's leave rentals and squatting to one side for the moment! )
There is no way Gino is going to just walk away leaving the club to fend for itself and pocket the money. Whatever the club has in its account is probably far less than the assets owned by the club. Personally I think Gino is in the process of clawing back as much money he has loaned the club as possible before selling up. A "debt free" Championship club with decent facilities would be an attractive buy for someone.
But if he swallows any cash to pay off family debts - it will be a league one club - such is his dilemma
My general belief is that IF Gino clears the debt to himself, his real valuation of the club will be come to light. I think this £175m thing is a red herring to try and hook gullible Americans to his ‘share’ plan.
We can only hope this is the case, because there’s no way any moderately serious business people invest in or purchase majority stake at that kind of figure
Cleverley certainly not going to play Asprilla whilst this saga goes on . https://www.watfordobserver.co.uk/s...ns-asprilla-watching-watford/#comments-anchor
No. In short. If a business owner wants to wash their hands of a business, they could put it in voluntary liquidation but that would end the business as an entity. Which would obviously be madness with a football club.
Champions league football then ? https://x.com/FabrizioRomano/status/1826566657902330084 We have been here before . Are the agents happy !? Presume it’s 25 million again .
My my my: Girona! Good luck to him. Can’t see him making the switch to Man City in the next few years though. He’s good but he’s not that good.
So I wonder if this will have any legs as a move? He looked all set for Rennes until he wasn't. I see the 25M is still be quoted as the possible fee. Let's hope he (and his agents) can agree on terms. Pretty much given up hope of seeing him in a Watford shirt again. He has some amazing talent and I hope whoever gets to sign him can see that as his football progresses.
AL's tweet mentions '25million package'....we all know a lot of the 'package' will be unachieved 'add-ons' based on unfeasible 'targets' being reached.