Bashir Humphreys

[Londonlisa2001]

I don’t think Grimes is going anywhere.

Piroe 50:50 depending on what offers we get, but there certainly appears to be noises of a new contract which is promising.

I don’t think we need to sell either in terms of cash flow.

We certainly should sell at least one of them to ease cash flow.

Last year we lost around £24m (alleviated by sale of Downes). That’s a hell of a hole from a cash flow perspective. If Ntcham goes that eases monthly cash flow deficit somewhat as he’s on a large whack, but we cannot run the club on the basis of having to sell £15m each summer and still need loans / equity of £10m +
We have to get closer to break even and cash in on valuable assets to give us a buffer. All that this summer’s equity injections have done is get us to the point where we were by selling Downes (from a cash perspective, not P&L of course). Without a big sale we are still operating at a place where we will need more injections, and at around another £10m or so, just to remain cash neutral.

Our back room costs have been hit again as well.

 

[Londonlisa2001]

Seen a few reports that state he is a left sided defender but a few reporters stating he is right footed......God only knows but it appears we will soon find out.
I certainly feel that Piroe or Grimes wil be off, if not both.

Besoccer (the stats site) are stating he’s left footed as does sofascore and football league world.

Plus if you look at pictures of him playing out from the back he’s always using his left foot.

 

[DuffleCoat]

We certainly should sell at least one of them to ease cash flow.

Last year we lost around £24m (alleviated by sale of Downes). That’s a hell of a hole from a cash flow perspective. If Ntcham goes that eases monthly cash flow deficit somewhat as he’s on a large whack, but we cannot run the club on the basis of having to sell £15m each summer and still need loans / equity of £10m +
We have to get closer to break even and cash in on valuable assets to give us a buffer. All that this summer’s equity injections have done is get us to the point where we were by selling Downes (from a cash perspective, not P&L of course). Without a big sale we are still operating at a place where we will need more injections, and at around another £10m or so, just to remain cash neutral.

Our back room costs have been hit again as well.

We have investments from 3 entities that solved that. One which will be disclosed shortly.

 

[DuffleCoat]

Besoccer (the stats site) are stating he’s left footed as does sofascore and football league world.

Plus if you look at pictures of him playing out from the back he’s always using his left foot.

https://m.youtube.com/watch?v=pxPO2JCSBo0&pp=ygUQYmFzaGlyIGh1bXBocmV5cw%3D%3D

 

[Londonlisa2001]

We have investments from 3 entities that solved that. One which will be disclosed shortly.

It doesn’t solve it though.

We’ve had in £20m (£10m from Morris and £10m from Swansea Football LLC of which some of that, not all, is from Coleman). We have an investment from Cravatt et al yet to arrive at the club.

But those are cash injections from equity, which is not comparable to selling players generating a profit on sale or cutting costs which leads to a reduced operating loss.

We need to generate cash flow from operating activities and cash flow from investing activities (basically day to day activities and player trading respectively) rather than rely on cash flow from financing activities (basically equity and/ or loans).

Otherwise it’s completely unsustainable and a dreadful way to run a business.

 

[DuffleCoat]

It doesn’t solve it though.

We’ve had in £20m (£10m from Morris and £10m from Swansea Football LLC of which some of that, not all, is from Coleman). We have an investment from Cravatt et al yet to arrive at the club.

But those are cash injections from equity, which is not comparable to selling players generating a profit on sale or cutting costs which leads to a reduced operating loss.

We need to generate cash flow from operating activities and cash flow from investing activities (basically day to day activities and player trading respectively) rather than rely on cash flow from financing activities (basically equity and/ or loans).

Otherwise it’s completely unsustainable and a dreadful way to run a business.

My point is, cash flow isn’t an issue right now.

We don’t need to sell them to achieve our short term goals, as you can see we are spending without the need for the sales of the big names, cash flow is not a barrier currently.

But yes I completely agree in terms of long term cash flow we will need to sell, but not necessarily this season.

We have a long way to go in terms of growth for sponsorship and commercial revenue too which the new guys are most certainly going to add value with.

 

[Londonlisa2001]

https://m.youtube.com/watch?v=pxPO2JCSBo0&pp=ygUQYmFzaGlyIGh1bXBocmV5cw%3D%3D

Sorry, not sure what’s that supposed to show in relation to what I said?

This is from an article when it looked like he may go to Ipswich:

“ That should free Humphreys to go out on loan in the coming weeks, and with his team-mate Hutchinson already at Portman Road, Chelsea may see McKenna's side as the perfect fit - especially the way they play stylistically.

With Humphreys being left-footed as well, he would add more balance to the back-line, especially when playing a back three as Clarke, Edmundson and Woolfenden are all predominantly stronger with their right feet.”

 

[DuffleCoat]

Sorry, not sure what’s that supposed to show in relation to what I said?

This is from an article when it looked like he may go to Ipswich:

“ That should free Humphreys to go out on loan in the coming weeks, and with his team-mate Hutchinson already at Portman Road, Chelsea may see McKenna's side as the perfect fit - especially the way they play stylistically.

With Humphreys being left-footed as well, he would add more balance to the back-line, especially when playing a back three as Clarke, Edmundson and Woolfenden are all predominantly stronger with their right feet.”

95% of his actions were right footed.

He’s ambidextrous (it that refers to feet too).

 

[jasper_T]

Very difficult to tell which he prefers. Only highlights but seems to go to ground a lot.

 

[Swanjaxs]

Very difficult to tell which he prefers. Only highlights but seems to go to ground a lot.

Loves a tackle, what's not to like...

 

[Londonlisa2001]

My point is, cash flow isn’t an issue right now.

We don’t need to sell them to achieve our short term goals, as you can see we are spending without the need for the sales of the big names, cash flow is not a barrier currently.

But yes I completely agree in terms of long term cash flow we will need to sell, but not necessarily this season.

We have a long way to go in terms of growth for sponsorship and commercial revenue too which the new guys are most certainly going to add value with.

Well we haven’t spent anything not generated by sales / player exits so far to be honest. Which is a good thing. We absolutely HAVE to sell Piroe if we can’t get him to sign a contract. Otherwise he’s worth nothing to us. The issue is we haven’t received any real interest in him. Which is not a great surprise if reports about what we want for him are true. Most chatter has been generated by us / his agents, not actual interest. It may be that as the window edges near its close, clubs may offer at a reduced amount and we may well need to just accept it if no movement in contracts.

We’ve always had a long way to go on commercial revenue and sponsorship, but to date signs are not promising. We have stadium naming rights generating less than we had when we first moved to the stadium (in league 1), we have no real interest from entities outside our local links (the university, local businesses, one of the Morgan owned companies). Even the shirt sponsor is because the head of Gulf happens to be a local bloke.

We will have to see what Coleman can add. His background though is in commercial banking for hotels (from his hotel experience caused by his father owning a large hotel in DC). He doesn’t have deep football experience (a bit with DC United foundation) and no real sports experience either. Hopefully he does well, but he’s here to act on Levien’s wishes and Levien has not brought much commercially since they’ve been involved. Obviously if we go up it will be easier, but there aren’t many outside the PL that generate much at all commercially (Wrexham aside). It’s a tall order.

 

[Londonlisa2001]

95% of his actions were right footed.

He’s ambidextrous (it that refers to feet too).

Can’t tell from tackles or knocking it to a close player after a tackle.

Reports say he’s left.

Doesn’t really matter. He obviously plays in the left.

 

[DuffleCoat]

Well we haven’t spent anything not generated by sales / player exits so far to be honest. Which is a good thing. We absolutely HAVE to sell Piroe if we can’t get him to sign a contract. Otherwise he’s worth nothing to us. The issue is we haven’t received any real interest in him. Which is not a great surprise if reports about what we want for him are true. Most chatter has been generated by us / his agents, not actual interest. It may be that as the window edges near its close, clubs may offer at a reduced amount and we may well need to just accept it if no movement in contracts.

We’ve always had a long way to go on commercial revenue and sponsorship, but to date signs are not promising. We have stadium naming rights generating less than we had when we first moved to the stadium (in league 1), we have no real interest from entities outside our local links (the university, local businesses, one of the Morgan owned companies). Even the shirt sponsor is because the head of Gulf happens to be a local bloke.

We will have to see what Coleman can add. His background though is in commercial banking for hotels (from his hotel experience caused by his father owning a large hotel in DC). He doesn’t have deep football experience (a bit with DC United foundation) and no real sports experience either. Hopefully he does well, but he’s here to act on Levien’s wishes and Levien has not brought much commercially since they’ve been involved. Obviously if we go up it will be easier, but there aren’t many outside the PL that generate much at all commercially (Wrexham aside). It’s a tall order.

We certainly have, the purchase of our lovely Ukrainian for example has been hideously underestimated.

If we lost £12m last set of accounts and you would assume similar last year then those player sales aren’t surplus cash, they are debt servicing sales.

Without the investment we would not have been able to fund this summer without a big sale.

 

[Londonlisa2001]

We certainly have, the purchase of our lovely Ukrainian for example has been hideously underestimated.

If we lost £12m last set of accounts and you would assume similar last year then those player sales aren’t surplus cash, they are debt servicing sales.

Without the investment we would not have been able to fund this summer without a big sale.

We really have not.

We’ve sold Obafemi remember. That was c.£3.5m ish and Whittaker for a million ish and Lati for half a million.

We’ve signed the Ukrainian, Key, Ginelly (who was free) and Yates. Plus we’ve generated more from Martin et al than from getting in Duff et al, and we’ve got rid of Manning and Ntcham (hopefully once the negotiations are complete) who were two of our top earners. And shipped out a few otters as well.

I’m not complaining - it’s utterly sensible, but let’s not pretend we’ve suddenly been spending money from equity investments.

If we sell Piroe or Grimes that will then plug a gap in our operating expenditure by generating player trading profits. Which is why we should do it.

Now if we sign Piroe to a new deal and keep him until January or next summer, the equity investments will mean we don’t need to worry too much about day to day cash flows as we’re effectively subsiding an advance on future sale from money received into the club now rather than having to take a loan until we sell him. But that’s not happened as yet.

 

[Longlostjack]

We really have not.

We’ve sold Obafemi remember. That was c.£3.5m ish and Whittaker for a million ish and Lati for half a million.

We’ve signed the Ukrainian, Key, Ginelly (who was free) and Yates. Plus we’ve generated more from Martin et al than from getting in Duff et al, and we’ve got rid of Manning and Ntcham (hopefully once the negotiations are complete) who were two of our top earners. And shipped out a few otters as well.

I’m not complaining - it’s utterly sensible, but let’s not pretend we’ve suddenly been spending money from equity investments.

If we sell Piroe or Grimes that will then plug a gap in our operating expenditure by generating player trading profits. Which is why we should do it.

Now if we sign Piroe to a new deal and keep him until January or next summer, the equity investments will mean we don’t need to worry too much about day to day cash flows as we’re effectively subsiding an advance on future sale from money received into the club now rather than having to take a loan until we sell him. But that’s not happened as yet.

Fingers crossed it will. A one year extension would be good for both parties unless an offer comes in that meets our valuation.