| Chinese Owners Cease Operations Of Football Club on 09:09 - Mar 1 with 1094 views | Butty101 |
"I have often said that although Gao has not turned out to be the owner pumping millions into the club we all hoped for, that he has not done anything bad to the club either, he has turned it into a sustainable business albeit one that is now in the middle of the biggest financial crisis in football ever at the moment, but we are in a far better position to survive without his financial input that other clubs."
Hilarious paragraph from your article. The other clubs you mention, havent been forced to take out a 76mill loan at extortionate rates. |  |
|  |
| Chinese Owners Cease Operations Of Football Club on 10:00 - Mar 1 with 1042 views | DorsetIan |
| Chinese Owners Cease Operations Of Football Club on 09:09 - Mar 1 by Butty101 |
"I have often said that although Gao has not turned out to be the owner pumping millions into the club we all hoped for, that he has not done anything bad to the club either, he has turned it into a sustainable business albeit one that is now in the middle of the biggest financial crisis in football ever at the moment, but we are in a far better position to survive without his financial input that other clubs."
Hilarious paragraph from your article. The other clubs you mention, havent been forced to take out a 76mill loan at extortionate rates. |
"Despite the failure of the recent harvest and the most recent 5 year plan, the entire country sends love to our Dear Leader, in whose safe hands we sleep securely and free from the treacherous intentions of the human scum and parasites who would besmirch his wonderful name." |  |
| |
| Chinese Owners Cease Operations Of Football Club on 10:14 - Mar 1 with 1026 views | Kennington |
So sustainable that the club decided to get a huge loan secured against the stadium and training ground.
That’s not sustainability, that’s desperation and crisis management. | |
| |
| Chinese Owners Cease Operations Of Football Club on 10:17 - Mar 1 with 1024 views | Sadoldgit |
| Chinese Owners Cease Operations Of Football Club on 10:14 - Mar 1 by Kennington |
So sustainable that the club decided to get a huge loan secured against the stadium and training ground.
That’s not sustainability, that’s desperation and crisis management. |
That what you get when you are in a crisis. Crisis management. |  | | |
| Chinese Owners Cease Operations Of Football Club on 10:39 - Mar 1 with 990 views | SaintNick |
| Chinese Owners Cease Operations Of Football Club on 09:09 - Mar 1 by Butty101 |
"I have often said that although Gao has not turned out to be the owner pumping millions into the club we all hoped for, that he has not done anything bad to the club either, he has turned it into a sustainable business albeit one that is now in the middle of the biggest financial crisis in football ever at the moment, but we are in a far better position to survive without his financial input that other clubs."
Hilarious paragraph from your article. The other clubs you mention, havent been forced to take out a 76mill loan at extortionate rates. |
Before you come on and sarcastically accuse me of sucking up to Gao etc, perhaps you would like to do your own homework on the subject, Saints are far from alone in taking out loans to survive in this financial crisis.
But Wolves one of the other clubs I have mentioned, took out a £50 million loan back in October 2019 at the same time Everton, West Ham and Watford did likewise for varying amoutsand this was all before the pandemic struck
West Brom's Chinese owner has barely invested a penny since taking over in 2016 and hasn't even paid off a debt he inherited and although it is only about £4.5 million it is costing them over £1 million a year in interest payments
Since the pandemic many clubs have borrowed significant amounts to see them through Spurs £175 million from the Government, Arsenal £120 m privately.
My gripe is that people on here seem to think that Gao is unique in not investing into the club and they seem to think that Saints are unique in this pandemic, struggling for cash and having to take out loans .
I find it rather ironic when those that are demanding immediate payment of their season ticket money or didn't bother renewing anyway, seem to think that a man the other side of the world should put his money in to stem losses, charity begins at home as they say
Before you start describe my paragraph as hilarious, perhaps you would like to explain the bad things Gao has done in more detail and where we are differing from all the other clubs, it isn't hard as long as the name Google means anything to you
 |  |
| Satisfying The Bloodlust Of The Masses In Peacetime |
| |
| Chinese Owners Cease Operations Of Football Club on 10:51 - Mar 1 with 966 views | DorsetIan |
| Chinese Owners Cease Operations Of Football Club on 10:39 - Mar 1 by SaintNick |
Before you come on and sarcastically accuse me of sucking up to Gao etc, perhaps you would like to do your own homework on the subject, Saints are far from alone in taking out loans to survive in this financial crisis.
But Wolves one of the other clubs I have mentioned, took out a £50 million loan back in October 2019 at the same time Everton, West Ham and Watford did likewise for varying amoutsand this was all before the pandemic struck
West Brom's Chinese owner has barely invested a penny since taking over in 2016 and hasn't even paid off a debt he inherited and although it is only about £4.5 million it is costing them over £1 million a year in interest payments
Since the pandemic many clubs have borrowed significant amounts to see them through Spurs £175 million from the Government, Arsenal £120 m privately.
My gripe is that people on here seem to think that Gao is unique in not investing into the club and they seem to think that Saints are unique in this pandemic, struggling for cash and having to take out loans .
I find it rather ironic when those that are demanding immediate payment of their season ticket money or didn't bother renewing anyway, seem to think that a man the other side of the world should put his money in to stem losses, charity begins at home as they say
Before you start describe my paragraph as hilarious, perhaps you would like to explain the bad things Gao has done in more detail and where we are differing from all the other clubs, it isn't hard as long as the name Google means anything to you
|
I think you're the only one trying to compare Saints and Gao to other clubs, as a way of excusing him.
Most of the people on here who are less enthusiastic than you about Gao's period of ownership, simply see a lack of investment, an ever weaker squad, and some very extreme and disappointing results on the pitch.
One of your arguments about how wonderful he has been is that he has engineered a 'sustainable business' and not put the club's future at risk. With a large third party debt at a high rate of interest secured on the club's assets and with the risk (you have now reported) of Chinese interests pulling out of football completely, how exactly is the future of the club not at risk? | |
| |
| Chinese Owners Cease Operations Of Football Club on 12:25 - Mar 1 with 890 views | SaintNick |
| Chinese Owners Cease Operations Of Football Club on 10:51 - Mar 1 by DorsetIan |
I think you're the only one trying to compare Saints and Gao to other clubs, as a way of excusing him.
Most of the people on here who are less enthusiastic than you about Gao's period of ownership, simply see a lack of investment, an ever weaker squad, and some very extreme and disappointing results on the pitch.
One of your arguments about how wonderful he has been is that he has engineered a 'sustainable business' and not put the club's future at risk. With a large third party debt at a high rate of interest secured on the club's assets and with the risk (you have now reported) of Chinese interests pulling out of football completely, how exactly is the future of the club not at risk? |
I actually think that some people just read the name Gao and rant and don't read what I say and completely rewrite history to suit them
I have never been enthusiastic about Gao, I have only pointed out what are facts, Gao's business approach to the club was exactly the same as Markus Liebherr.
The squad this season is stronger than lasts, the only real difference has been the injuries sustained, no one was complaining back in November when we were top nor in January when we had beaten Liverpool and where in 6th.
But we lose a few games and suddenly it is all about investment again, no leeway for a world pandemic or that other clubs arent spending either just good old fashioned bew wetting from some quarters
Your last paragraph strikes me as strange you dont seem to be able to grasp how the loan is set up, yes it is secured on the stadium and training ground just as a mortgage is secured on a house, but that doesn't put us as risk, it only means the loan company has a first charge on an asset.
Being a debt on an asset that only has a worth if used as a stadium, it means that they wont force a sale of the property as their wont be any buyers, but it does mean they are first in line should we go bankrupt, assuming a buyer is found.
Of course any club's future is at risk for many reasons, but in this case, as is well documented, Gao is not putting money into the club so it can cover it's own outgoings in normal circumstances , when the pandemic is over it can then get on with things and repay what is compared to some a small loan.
As Gao is not putting money in as an owner it doesn't put us at risk unless he decides to get that money back by selling players , lets not hope he doesn't read this website and several others otherwise he would just do that to spite us, I would if I was getting dogs abuse, but so far he hasn't hence the reason I say he has done nothing bad.
Gao if he is unable to sell could just hold the asset and let it run itself as he is doing now, or he could have a firesale,
I try to explain these things, but it is frustrating when people just give short answers bleating about how Gao is the anti christ to this club, he might well become that but he hasn't yet | |
| Satisfying The Bloodlust Of The Masses In Peacetime |
| |
| Chinese Owners Cease Operations Of Football Club on 12:48 - Mar 1 with 862 views | SonicBoom |
I think to be fair people seem to see Nick as part of the club and want to have a pop at him. He's not. He's just a fan that runs a website. I would say though that he does actually research things before saying what he does, which lets be honest is far more than most of us do.
I agree with him re Gao. OK he hasn't turned us into Man City but every club outside of maybe three want different owners with more money to spend.
Nick is right to point out he hasn't done us harm. Some might scoff at this, but there are many owners that gob off then sell off players or even the ground. Look at the joker that used to own Villa, full of big promises none of which he could deliver.
So actually having a neutral effect isn't that bad and definitely could be worse.
I do think that as usual us fans would like to know why he can't invest in more detail. Is he not allowed to, or just wary of upsetting his government? Well whatever, he hasn't so get over it.
It does do my head when people say Gao out. For who? That American joker who has to borrow to buy us? Who do you think will be repaying that loan, him personally out of the profit he makes? Or the club?
If any of you know of a middle eastern prince or US tech billionaire who is desperate to buy a provincial football club during a global crisis then please do speak up. |  | | |
Login to get fewer ads
| Chinese Owners Cease Operations Of Football Club on 13:29 - Mar 1 with 811 views | Kennington |
| Chinese Owners Cease Operations Of Football Club on 12:48 - Mar 1 by SonicBoom |
I think to be fair people seem to see Nick as part of the club and want to have a pop at him. He's not. He's just a fan that runs a website. I would say though that he does actually research things before saying what he does, which lets be honest is far more than most of us do.
I agree with him re Gao. OK he hasn't turned us into Man City but every club outside of maybe three want different owners with more money to spend.
Nick is right to point out he hasn't done us harm. Some might scoff at this, but there are many owners that gob off then sell off players or even the ground. Look at the joker that used to own Villa, full of big promises none of which he could deliver.
So actually having a neutral effect isn't that bad and definitely could be worse.
I do think that as usual us fans would like to know why he can't invest in more detail. Is he not allowed to, or just wary of upsetting his government? Well whatever, he hasn't so get over it.
It does do my head when people say Gao out. For who? That American joker who has to borrow to buy us? Who do you think will be repaying that loan, him personally out of the profit he makes? Or the club?
If any of you know of a middle eastern prince or US tech billionaire who is desperate to buy a provincial football club during a global crisis then please do speak up. |
There are over 3,000 billionaires in the world. Of which probably a dozen or so own a football club. I’d say there must be a few more of them that might be interested to own us as a play thing. After all the value of Saints is little more than a top of the range boat to them. Even better they can bring their boat with them. If I was the club I’d be marketing the club to this crowd rather than the types of names we’re being linked with. Much like a high end estate agent marketing a huge house in somewhere like Westminster, the estate agent goes to the rich person and not the other way around. | |
| |
| Chinese Owners Cease Operations Of Football Club on 13:47 - Mar 1 with 798 views | SonicBoom |
Great that's easy then, there are loads of billionaires who want to buy us.
Considering we've been "for sale" for probably a year now I'm amazed we haven't been snapped up. Oh and there's no doubt we will have used a company that specialises in these types of sales who would indeed be punting us around to the type of people likely to buy a football club. | | | |
| Chinese Owners Cease Operations Of Football Club on 13:56 - Mar 1 with 791 views | DorsetIan |
| Chinese Owners Cease Operations Of Football Club on 12:25 - Mar 1 by SaintNick |
I actually think that some people just read the name Gao and rant and don't read what I say and completely rewrite history to suit them
I have never been enthusiastic about Gao, I have only pointed out what are facts, Gao's business approach to the club was exactly the same as Markus Liebherr.
The squad this season is stronger than lasts, the only real difference has been the injuries sustained, no one was complaining back in November when we were top nor in January when we had beaten Liverpool and where in 6th.
But we lose a few games and suddenly it is all about investment again, no leeway for a world pandemic or that other clubs arent spending either just good old fashioned bew wetting from some quarters
Your last paragraph strikes me as strange you dont seem to be able to grasp how the loan is set up, yes it is secured on the stadium and training ground just as a mortgage is secured on a house, but that doesn't put us as risk, it only means the loan company has a first charge on an asset.
Being a debt on an asset that only has a worth if used as a stadium, it means that they wont force a sale of the property as their wont be any buyers, but it does mean they are first in line should we go bankrupt, assuming a buyer is found.
Of course any club's future is at risk for many reasons, but in this case, as is well documented, Gao is not putting money into the club so it can cover it's own outgoings in normal circumstances , when the pandemic is over it can then get on with things and repay what is compared to some a small loan.
As Gao is not putting money in as an owner it doesn't put us at risk unless he decides to get that money back by selling players , lets not hope he doesn't read this website and several others otherwise he would just do that to spite us, I would if I was getting dogs abuse, but so far he hasn't hence the reason I say he has done nothing bad.
Gao if he is unable to sell could just hold the asset and let it run itself as he is doing now, or he could have a firesale,
I try to explain these things, but it is frustrating when people just give short answers bleating about how Gao is the anti christ to this club, he might well become that but he hasn't yet |
You explain them but you wind people up because it is perfectly reasonable to be critical of Gao's period of ownership and yet you are forever going on about people abusing him.
I disagree with you fundamentally about the state of the playing side of things. I think the results over a long period of time speak for themselves. Yes, we have had injuries but they have triggered disastrous results because of the lack of adequate squad replacements. We've seen the quality diminish as we've watched transfer windows pass without adequate purchases. But we can disagree about that.
You paragraphs about the debt are just bonkers. Saying that a mortgage on property doesn't put us at risk, suggests a complete misunderstanding of what a mortgage is. We don't pay they debt, they get the charged assets to do with what they like. Coventry weren't expecting the council to sell their ground to Wasps!
And you write as though it is better for us to have debt from a third party rather than an owner. An owner has an interest in not pulling the plug on their debt (to protect the value of their shares) which a third party doesn't have. As I say, if the debt is not paid, they will enforce their charge and - bingo - our ground and training ground are now owned by an American lender who gives not two sh!ts about anything other than getting their money back. Very secure.
You're entitled to your view of Gao's period of ownership, but please stop writing as it those of us who disagree with you haven't thought about it too. | |
| |
| Chinese Owners Cease Operations Of Football Club on 14:16 - Mar 1 with 776 views | Kennington |
| Chinese Owners Cease Operations Of Football Club on 13:47 - Mar 1 by SonicBoom |
Great that's easy then, there are loads of billionaires who want to buy us.
Considering we've been "for sale" for probably a year now I'm amazed we haven't been snapped up. Oh and there's no doubt we will have used a company that specialises in these types of sales who would indeed be punting us around to the type of people likely to buy a football club. |
Do you really have that much confidence in the club to market us properly? We are a club after all that repeatedly fails to even market and sell football shirts to a captive market that’s prepared to literally queue up for them. | |
| |
| Chinese Owners Cease Operations Of Football Club on 14:33 - Mar 1 with 761 views | dirk_doone |
| Chinese Owners Cease Operations Of Football Club on 13:56 - Mar 1 by DorsetIan |
You explain them but you wind people up because it is perfectly reasonable to be critical of Gao's period of ownership and yet you are forever going on about people abusing him.
I disagree with you fundamentally about the state of the playing side of things. I think the results over a long period of time speak for themselves. Yes, we have had injuries but they have triggered disastrous results because of the lack of adequate squad replacements. We've seen the quality diminish as we've watched transfer windows pass without adequate purchases. But we can disagree about that.
You paragraphs about the debt are just bonkers. Saying that a mortgage on property doesn't put us at risk, suggests a complete misunderstanding of what a mortgage is. We don't pay they debt, they get the charged assets to do with what they like. Coventry weren't expecting the council to sell their ground to Wasps!
And you write as though it is better for us to have debt from a third party rather than an owner. An owner has an interest in not pulling the plug on their debt (to protect the value of their shares) which a third party doesn't have. As I say, if the debt is not paid, they will enforce their charge and - bingo - our ground and training ground are now owned by an American lender who gives not two sh!ts about anything other than getting their money back. Very secure.
You're entitled to your view of Gao's period of ownership, but please stop writing as it those of us who disagree with you haven't thought about it too. |
Thank you. You have explained something to me there that had been puzzling me. Kat was happy to charge the club interest on loans before as it was clearly profitable for her to do so but I wondered why she didn't this time and in your post, I found the answer:
"And you write as though it is better for us to have debt from a third party rather than an owner. An owner has an interest in not pulling the plug on their debt (to protect the value of their shares) which a third party doesn't have."
She is worried that this time she might not get her money back, let alone the interest on it. She knows, only too well, the state of the club's finances and that it has gone into administration before and I doubt that the terms of her father's will would allow her to close the club down and sell off the stadium and the training ground.
https://www.theguardian.com/football/2010/aug/11/markus-liebherr-southampton-fut
In Gao's case, he simply doesn't have any money. Kat got it all. So he couldn't loan the club money even if he wanted to. [Post edited 1 Mar 2021 14:49]
|  |
| |
| Chinese Owners Cease Operations Of Football Club on 15:16 - Mar 1 with 727 views | Butty101 |
DorsetIan has replied to you in a far more elegant way than i ever could. What he says i 100% wholeheartedly agree with.
You have gone from one extreme of criticizing the club for any trivial matter to trying to positively spinning everything. If Cortese was still in the building, you would of hammered him for the amount of money wasted on transfers fees in the last 5 years, let alone the NI payments, pensions contributions etc.
Maybe you dont intend to it, but you have a habit in your writing style of insinuating that no one else has grasped the situation and that only yourself has looked at the facts.
As Gao for reading message boards and getting upset - come on Nick you are better than that.
To a man, i dont remember anyone ever wanting Gao near the club. He wasnt a fit and proper person - in fact the premier league changed the rules, so that in future he would fail the test. Im disappointed that Kat sold out to the first shyster that came along. | |
| |
| Chinese Owners Cease Operations Of Football Club on 16:08 - Mar 1 with 679 views | SonicBoom |
| Chinese Owners Cease Operations Of Football Club on 14:16 - Mar 1 by Kennington |
Do you really have that much confidence in the club to market us properly? We are a club after all that repeatedly fails to even market and sell football shirts to a captive market that’s prepared to literally queue up for them. |
Fair point I've have very little confidence in the club to do that. That's why I say there are companies that specialise in selling football clubs and finding prospective buyers.
I assume we use one of those and do not rely on our own marketing department as it quite specialised. To be fair I think the fact we are available for sale is not exactly a secret anyway. | | | |
| Chinese Owners Cease Operations Of Football Club on 16:53 - Mar 1 with 638 views | Berber |
| Chinese Owners Cease Operations Of Football Club on 14:16 - Mar 1 by Kennington |
Do you really have that much confidence in the club to market us properly? We are a club after all that repeatedly fails to even market and sell football shirts to a captive market that’s prepared to literally queue up for them. |
I agree, the recent fans survey trying to peddle betting companies was a case in point. They haven't a clue about a professional marketing approach. |  | | |
| Chinese Owners Cease Operations Of Football Club on 17:00 - Mar 1 with 632 views | Ron11 |
| Chinese Owners Cease Operations Of Football Club on 10:39 - Mar 1 by SaintNick |
Before you come on and sarcastically accuse me of sucking up to Gao etc, perhaps you would like to do your own homework on the subject, Saints are far from alone in taking out loans to survive in this financial crisis.
But Wolves one of the other clubs I have mentioned, took out a £50 million loan back in October 2019 at the same time Everton, West Ham and Watford did likewise for varying amoutsand this was all before the pandemic struck
West Brom's Chinese owner has barely invested a penny since taking over in 2016 and hasn't even paid off a debt he inherited and although it is only about £4.5 million it is costing them over £1 million a year in interest payments
Since the pandemic many clubs have borrowed significant amounts to see them through Spurs £175 million from the Government, Arsenal £120 m privately.
My gripe is that people on here seem to think that Gao is unique in not investing into the club and they seem to think that Saints are unique in this pandemic, struggling for cash and having to take out loans .
I find it rather ironic when those that are demanding immediate payment of their season ticket money or didn't bother renewing anyway, seem to think that a man the other side of the world should put his money in to stem losses, charity begins at home as they say
Before you start describe my paragraph as hilarious, perhaps you would like to explain the bad things Gao has done in more detail and where we are differing from all the other clubs, it isn't hard as long as the name Google means anything to you
|
You could start with the fact that he's always on the 'other side of the world'. | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
