Getting comfortable with the reality of being a Boro Fan

Frozen Horse said:
I never felt a sense of entitlement to be there, even after 10 years.
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Neither did I, as I have repeatedly posted, but never have I felt for one minute like we are naturally a Championship club happy to punch a big boy on the nose every now and again.
The more supporters feel and talk like that, the more likely it is that is what we will become.
 
indeedido said:
He doesn’t pump anything in, he stands as guarantor, it is not the same thing you idiot.
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Wrong again..... Yet another epic fail 😂
Here's the key bit from the article.....

'Most years that loss has been between £10m-20m and Steve Gibson has picked that up, usually by directly injecting capital.
The current FFP regulations allow the owners to put in up to £13m a year. And he puts in the max'.

www.google.com

Steve Gibson's £1m a month Boro season ticket

Boro's finances and ability to spend in January were raised in the weekly Q&A
www.google.com www.google.com
 
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Nosmo-King said:
Nobby, one owner, one chairman, one man responsible for the finances, one man rules. No board of directors- just one man. The damn nearest to a dictatorship you could ever see!
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One man paying all the bills, I say he has every right to do what he wants 👍
 
Nobby_Barnes said:
Wrong again..... Yet another epic fail 😂
Here's the key bit from the article.....

'Most years that loss has been between £10m-20m and Steve Gibson has picked that up, usually by directly injecting capital.
The current FFP regulations allow the owners to put in up to £13m a year. And he puts in the max'.

www.google.com

Steve Gibson's £1m a month Boro season ticket

Boro's finances and ability to spend in January were raised in the weekly Q&A
www.google.com www.google.com
Click to expand...
You are so stupid you don't understand.
Nobody has injected ANY equity since 2016, when Gibson put £8m in.
There has been zero injection of equity since. Under FFP rules he could have injected £40m since then.

Gibson put £50m in in 2012 in response to relegation, taking external loans internal and capitalising £50m of debt. It was a great act which saved the club and was his first major injection, ever. Everything else had been funded by debt/loans.
He put another £5m in equity in 2014.
His final injection was £8m on promotion in 2016.

What he does is fund the continuation of the business through internal loans inside his Go'N Group. These cover the losses the club makes which have been bigger outside the PL than in it. These losses are made as a result of his decisions.
Crucially he has not given this money to MFC, he has loaned it.
Aston Villa's owners and Brentford's owners have injected capital, not extended loans.

It makes us stuck with him and him stuck with us.

FFP allows £8m per year capital injection, not £13m. It allows a £5m pa loss if the owner injects £8m.
Therefore a club can lose £39m across 3 Championship years (exc Womens, Community and Academy spend) IF the owners inject £24m in equity across the same 3 years.

The Club pays the bills, makes losses, which his Group guarantees in loans. He has put nothing into the club since 2016.
This info is all in the public domain and accessible by everyone at Companies House.
 
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indeedido said:
You are so stupid you don't understand.
Nobody has injected ANY equity since 2016, when Gibson put £8m in.
There has been zero injection of equity since. Under FFP rules he could have injected £40m since then.

Gibson put £50m in in 2012 in response to relegation, taking external loans internal and capitalising £50m of debt. It was a great act which saved the club and was his first major injection, ever. Everything else had been funded by debt/loans.
He put another £5m in equity in 2014.
His final injection was £8m on promotion in 2016.

What he does is fund the continuation of the business through internal loans inside his Go'N Group. These cover the losses the club makes which have been bigger outside the PL than in it. These losses are made as a result of his decisions.
Crucially he has not given this money to MFC, he has loaned it.
Aston Villa's owners and Brentford's owners have injected capital, not extended loans.

It makes us stuck with him and him stuck with us.

FFP allows £8m per year capital injection, not £13m. It allows a £5m pa loss if the owner injects £8m.
Therefore a club can lose £39m across 3 Championship years (exc Womens, Community and Academy spend) IF the owners inject £24m in equity across the same 3 years.

The Club pays the bills, makes losses, which his Group guarantees in loans. He has put nothing into the club since 2016.
This info is all in the public domain and accessible by everyone at Companies House.
Click to expand...
That's not what the article says...sounds like another tall story from the Jersey airport baggage claim 😂
 
newyddion said:
What have they won? They been in a UEFA cup final or won a trophy? I mean pretty awesome that they sell lots of shirts and hover above relegation an all..
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The rolling of the dice post 2006, Newcastle easily win. You may find it difficult to admit but it’s sadly true. The Geordies may hate Ashley, but they don’t hang around the Championship longer than a season and I fear the day and big investor does come to fruition up there.
 
indeedido said:
You are so stupid you don't understand.
Nobody has injected ANY equity since 2016, when Gibson put £8m in.
There has been zero injection of equity since. Under FFP rules he could have injected £40m since then.

Gibson put £50m in in 2012 in response to relegation, taking external loans internal and capitalising £50m of debt. It was a great act which saved the club and was his first major injection, ever. Everything else had been funded by debt/loans.
He put another £5m in equity in 2014.
His final injection was £8m on promotion in 2016.

What he does is fund the continuation of the business through internal loans inside his Go'N Group. These cover the losses the club makes which have been bigger outside the PL than in it. These losses are made as a result of his decisions.
Crucially he has not given this money to MFC, he has loaned it.
Aston Villa's owners and Brentford's owners have injected capital, not extended loans.

It makes us stuck with him and him stuck with us.

FFP allows £8m per year capital injection, not £13m. It allows a £5m pa loss if the owner injects £8m.
Therefore a club can lose £39m across 3 Championship years (exc Womens, Community and Academy spend) IF the owners inject £24m in equity across the same 3 years.

The Club pays the bills, makes losses, which his Group guarantees in loans. He has put nothing into the club since 2016.
This info is all in the public domain and accessible by everyone at Companies House.
Click to expand...
I don't feel stuck with him.

I have no interest in the numbers they are nothing to do with me.

Football to me is fantasy, I would not spend 1 minute worrying about it. We went belly up once before we came back stronger.

Rather us than being Sunderland, or Barcelona if you are worried about debt.


Do you go through the accounts of every business you spend a few Bob in? Pub, car manufacturers, restaurant, Asda, Barclays ...
It seems to me that Gibson has guaranteed the loans and if it goes belly up he is responsible.
 
For me, I think it’s just my feeling towards football in general has changed. It might be partly to do with not much exciting happening with boro and no real big expectations to get excited about.

but in general I rarely sit through a full game of any team. I did enjoy the euros and i love the World Cup when it’s on. I just don’t enjoy the Premier League that much or the foreign equivalents. Pretty much dominated by the same few sides that most can’t keep up with financially and then knowing even if boro get promoted, our realistic aim is to survive and see what happens, it hardly something to get too excited about.

I know the game has been that way for a good while now, but it’s got to the point where it’s becoming absolutely dull and predictable, apart from the odd season like Leicester winning but even they come into the bracket of billionaire businessmen buying clubs. Unless you have that kind of backing, any real success is pretty much unattainable and you’re just treading water. And the gap is increasing every year.

it’ll get to the point where a handful of clubs are so far out of sight of the rest that even if other clubs get bought, they’ll have a hell of a job bridging the gap.
 
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