Our new owners.

[The Bedlington Terrier]

If you are around the good folk of people in Bolton for an hour or so you will hear the phrase, "it is what it is" quite a lot.

There is no point in retrospective analysis now. Pace or ALK need to come clean and tell us exactly what it is we are facing and whether they intend to stay and rebuild from the ground up.

Pace has already said we must sell to survive, the sales of Pope, Brownhill, Cornet and McNeil will steady the ship, after that it's anybody's guess.

The future of the Academy is under threat, what is going to happen to the 50 odd young professionals Pace & Co had put so much faith in?

Unless real positive vibes come out of our newish owners and are quickly followed with positive action, sinkov's "Black Hole" will include more than just Gawthorpe.

[sinkov]

Pace or ALK need to come clean and tell us exactly what it is we are facing

To be fair to Pace BT, he's told us exactly what we're facing in the Annual Report, a reduction in turnover and a loan repayment, which will be funded by player sales, and if it turns out the initial fire sale of players hasn't proved sufficient cash, more players will be sold.

"In the event of relegation, the group will incur a significant reduction in turnover as full Premier League
broadcasting revenue is replaced with parachute payments. The group will be required to take steps to
reduce costs and borrowings to a level which are more sustainable for a Championship club. . In this scenario the group has forecast a significant reduction in wages and salaries, which will be largely achieved by contractual means existing in player and employee
contracts. The group has also forecast that there will be a net inflow of cash arising from player trading, as
is common for many clubs relegated from the Premier League. In the event that the group's financial
performance is less than that modelled, in a relegation scenario, the directors are satisfied that further cash
can be generated, including by further player trading, if this was absolutely necessary."

"Included within other loans is an amount of £65,000,000 which arose following transactions linked to the
acquisition of the group during the year. The capital element of the loan is due for repayment by the company in December 2025, with interest only
payments being required up to that point, providing the club remains in the Premier League. In the event of
the club's relegation from the Premier League, the repayment schedule for the capital element of the loan
is brought forward, with a significant proportion falling due for repayment shortly after the end of the football
season in which the relegation event takes place."

We can bury your heads in the sand and ignore it if we like, but we can't say we haven't been told.

[Supersub6]

To be fair to Pace BT, he's told us exactly what we're facing in the Annual Report, a reduction in turnover and a loan repayment, which will be funded by player sales, and if it turns out the initial fire sale of players hasn't proved sufficient cash, more players will be sold.

"In the event of relegation, the group will incur a significant reduction in turnover as full Premier League
broadcasting revenue is replaced with parachute payments. The group will be required to take steps to
reduce costs and borrowings to a level which are more sustainable for a Championship club. . In this scenario the group has forecast a significant reduction in wages and salaries, which will be largely achieved by contractual means existing in player and employee
contracts. The group has also forecast that there will be a net inflow of cash arising from player trading, as
is common for many clubs relegated from the Premier League. In the event that the group's financial
performance is less than that modelled, in a relegation scenario, the directors are satisfied that further cash
can be generated, including by further player trading, if this was absolutely necessary."

"Included within other loans is an amount of £65,000,000 which arose following transactions linked to the
acquisition of the group during the year. The capital element of the loan is due for repayment by the company in December 2025, with interest only
payments being required up to that point, providing the club remains in the Premier League. In the event of
the club's relegation from the Premier League, the repayment schedule for the capital element of the loan
is brought forward, with a significant proportion falling due for repayment shortly after the end of the football
season in which the relegation event takes place."

We can bury your heads in the sand and ignore it if we like, but we can't say we haven't been told.

Get the collection buckets cleaned up, we can't have dirty money!

[ClaretinBudapest]

We can bury your heads in the sand and ignore it if we like, but we can't say we haven't been told.[/QUOTE]

The problem with that Sinkov is that everybody else also now knows we are skint and therefore it will be another revert to type by selling off our prized assets for well under their true value.Pope should be worth £35-40m but i bet we sell him for around £20m.Then Cornet and Mcneil for £30m tops for the pair.Brownhill and Taylor £15-20 for the pair.Tarks going on a free.Mee £5m.Might just get back the £65m with those sales and then who is left?
No manager will want to come at that stage because they will also know we are skint and have sold the cream.We will be lucky to stay up in the Championship next season.
That said if we had stayed up it would only have been delaying the inevitable.Apart from Gawthorpe has the club really benefitted from 6 seasons in the PL.We know Garlick has but has the club?