Reply With QuoteThey're faulty as fk and very crafty that's how they've got wads of cash
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Dog has left behind a scene of wreckage at OGC Nice.
Having sold the club's best players and accumulating a transfer fund surplus of £42 million over two seasons the result is OGC Nice now has the youngest squad in the league due to a policy of replacing departing players with less costly youngsters. Fan unrest followed warning of the potential consequences.
The inevitable result is that OGC Nice now languish 15th in a 20 team league just two points above a relegation spot.
Dog left behind this wreckage this summer selling up for £88 million. Some French journalists have suggested Dog bought Nice using a "loan" which was being paid in instalments using club profits and made the accounts difficult to analyse by using bank accounts in Hong Kong and elsewhere which are less subject to disclosure and public scrutiny than those under European financial rules and procedures.
Learn the lessons of history.
Last edited by SBRed48; 28-10-2019 at 12:14 PM.
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They're faulty as fk and very crafty that's how they've got wads of cash
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Have they though Dooali mate? What if they haven't got any money? It does seem odd that Billionaires want to make millions. At the level Barnsley F.C operate they'd make more on the interest on their money. If they have any that isOriginally Posted by DOOALI
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A wunt mind beinabobehindum purrit that rooard
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What I can see They are buying clubs with loans and paying them back with whatever they can out of the club. Good game good game
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Correct dooali .
Using this model they will have paid precisely nothing for the club so when they do sell the fee goes straight into their bank accounts as maximum profit to them .
So the less they invest personally the more money they make and as far as I can see they haven't parted with so much as a round coin as yet .
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Av seen this rumour started on BBS based on the fact they can't locate Dog Consortium's Accounts with a few internet searches and the rumours that Dog has taken out "loans".Have they though Dooali mate? What if they haven't got any money? It does seem odd that Billionaires want to make millions. At the level Barnsley F.C operate they'd make more on the interest on their money. If they have any that is
Dog's people will ev his main accounts well hidden in holding companies in overseas financial institutions way beyond the inspection range of a few BBS posters.
People like Dog take out "loans" not because they are hard up but in order that when buying say a football club the "loan" can be paid off using the profits from the club accounts. It explains why they were keen to pick up a club like Barnsley which had no debts, As Animal has said the initial cost can be quickly paid back from the clubs money meaning they haven't paid owt. To keep this conveyor belt of profit funds going they need a model which involves buying assets (players) cheap and then sell at a profit on average two years later and some occasional sales in January.
A further advantage is that paying back a loan from company profits means your tax bill is reduced because end of year profits are less.
Journalists looking into the nature of any OGC Nice loan found the loan interest rate was rumoured to be around 9% at a time when global interest rates were at rock bottom raising concerns that the lending company benefitted excessively from OGC Nice profits paying them back and whether the lenders were linked in any way to those taking out the loan.
I shouldn't worry abart Dog evvin to visit a Food Bank anytime in the near future.
The main profit is made when the club is sold rather than from transfers, as at OGC Nice.
Last edited by SBRed48; 29-10-2019 at 09:45 AM.
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