I completely agree.
To be honest though what else can you exect from an ex cop/lawyer whos trying to run a football club. This blokes trying to do something he knows complete FA about which I think is our biggest problem. This biggest mistake the current board have made is not getting someone in who has experience in the PL and football in general. Instead Carson gives his pal a job a now we've got Pannu negotiating players contracts and transfer fees. Ridiculous. Sooner they are out the better.
Sorry, I know its your first post and there are many that agree with you, but....
Articles like this are beginning to get on my nerves.
firstly, I want you to ask yourself, how much of your resentment to PP is based on the fact that he looks a bit like a bald ape with glasses rather than sound logic? Just think, if he were arrested for, say assault on a girl, he is the kind of bloke the Sun would have on the front page proclaimed as guilty, regardless of fact or substance... the guy is just does not have a media friendly face - not his fault
Secondly, His Bullish attitude & Tough nut negotiator.... Is this not a good attitude to have when we are in difficulties? Or would you prefer you bend over when some team comes along with a couple of quid for our best player
Thirdly, lack of experience... Well, that he may have, but he called it right initially when dealing with Eck's contract. Remember all us lot saying Eck should be given double his salary for the rest of his life?? Then PP says 'Eck is no Mouriniho yet' and everyone is up in arms, but he called it right. Ok, he gave in to people power eventually, but he was still 'experienced' enough to look devastated when Eck left and get a nice £2-3m settlement out of it.
Fourthly, we have been told our finances are sound. Whilst I know we are skint, I do believe this. Fact is a.) we have lost most of our income and have to make cuts. b.) CY, the chancer that he is has been arrested and assets frozen. This would make operating any business nigh on impossible, yet we still bring players in. Sorry, but PP's hands are tied. I dont see what else he could do differently?
You want answers? Of course, so do I. However, just imagine if he did lay it all out on the table... Any business that Blues tried to do from that moment on-wards would be impossible. Surely its the no.1 rule when negotiating with other clubs/players is not to show your hand (and maybe even bluff a little too)
Everyone goes on about PP, but for me, this guy is just doing a job. You want to vent your anger on someone, vent it towards Carson Yeung for getting his dumb ess arrested
KRO
the guy is just does not have a media friendly face - not his fault
====
He comes across well on Masterchef.
Or would you prefer you bend over when some team comes along with a couple of quid for our best player
====
Errr isn't this exactly what happened? Coming out saying no one will be sold on the cheap then loaning out Foster, yeah great business Pannu
John
I think I'm right in saying that you are JohnHKNewFan from the BBC?
If I am right then you are from Hong Kong and understand what a pair of lying crooks Pannu and Yeung are!
Unfortunately nobody else on here wants to face reality,that they are ruining Birmingham City,they all want to bury their collective heads in the sand and do nothing.
Except maybe fiddle while Rome burns!
These people need to be thrown out of BCFC instantly and back to the gutter they came from.
As you can see from some of the replies here,it's no wonder Pannu is waving his wallet and laughing at the fans as he pockets 50 milllion plus!
Why is he going back to Hong Kong?
To launder the 50 million mentioned before of course!
These people will not stop until St Andrews is a Hypermarket or Shopping Centre.Sadly noone seems to have the balls to do anything about it!
IMO thats a great bit of business.
In exchange for the loan of Ben Foster we have;
A good goalie in Boaz Myhill
Ben Fosters wages off the books
A £1-2m loan fee
and (I think) BM's wages payed for as well
And to top that all off.... if we do get promoted we get BF back! yerself!
Well we have ran up debts and i think most of this trouble is to do with the take over of the club.
Its not as if Yeung had say the same amount of cash ready as Learner or Sully or even Gold, so its not like Mr Yeung was worth £500M and had £200M+ in the bank and then brought the club for £45-50M
Sadly he has not paid for the club in total, his shares have changed a lot and worth about £12M the club was also brought for £30M more than it was worth.
With Relegation the banks and lenders are starting to panic more about the money owed to them, but we are in credit.
I think that just means the banks are happy at the cuts we are making to pay off whats owed and that St Andrews is used as Collateral, its not a case of us going to the banks and asking for more money because they wont lend it us.
We used to make about £6M profits under Sully and Gold in the Prem, we have spent more on wages and fees than we usually do under S&G (dont forget a £6M player under them was usually £2M down, £500K X 4 Installments and £2M addons and not £6M cash).
So i would not be suprised if the cost of the wagebill, transfers NET and other running costs at the club would see what usually was £6M Profits become break even at very best.
Move onto a new season with £40M less income, cuts have to be made.
There are various reports of whats owed ranging from £30M debts to £60M...
Problem is the clubs books are not as open as they usually was when we was a PLC.
Papers had said that as of January the clubs debts are £30M more than our assets, i was told by someone that our liabilties was £23M in addition to losses and cuts from Relegation.
I guess we wont find out the truth, but look at how we have done business will show you we just dont have much money at all.
The KiD
Show me any links that prove we made 1-2m off the loan and baggies are paying BM wages.
Imo it has to be the worst business we done in years. We recieve no money upfront which obviously doesn't help. We lose a quality keeper. Get a fairly decent one in return. If Foster has a shocker this season he comes back to us worth less than he is now. If he plays well well still struggle to get a decent fee for him because everyone knows we need him off the wage bill.
Blueinbarca... not that I am not worried about the things you have mentioned, but....
Any chance you can base some of those accusations on something of substance?
Other than that prat getting arrested, has there been any evidence that they actually WANT to ruin us??
hmmm, let me see....... nope, just accusations based on fear and scepticism
Barca thats the other side to the Story
Some do think the club are pocketing every penny of that cash, some go as far to say thats the only reason they brought our club was to use us as a washing machine.
Their case being....
Paying £30M more for the club than its worth is a extra £30M of Dirty Money Clean
Saying you have £80M to spend on players is another way to mask spending/washing of even more money.
Honestly i dont buy that idea....
I think Yeung was just like many fans, he had a great idea, a plan for Asia and all this stuff.
But his plan was only sound in theory, to get it to work required investment that Yeung had not got.
His gamble would be pay over odds, invest money thats not his (well not ready cash) so that means loans and debts.
In the hope that down the line his plans work out, we become a hit in China we attracts sponsors and extra investment.
Sadly he lacked the funds to maintain such plans, and seems that maybe would be backers who may have liked his plans and could have invested got cold feet and decided to see how we do first, sadly we had not taken off in Asia, but it would take time at least 5 years.
Sadly we never got to get 5 years into his plans, because combination of relegation and his arrest as thrown a spanner into his works.
He is just a Chinese Del Boy and Panu is his Rodney
The KiD
RZA
We have loaned them Foster for no fee, they have done the same with Myhill to us and WBA will pay Fosters £1.5M a season wages and will also pick up Myhills.
We have therefore knocked £1.5M off the wage bill and laned a keeper who would cost us nothing.
http://www.expressandstar.com/sport/west-bromwich-albion-fc/2011/08/01/albion-look-for-boaz-myhill-replacement/
Claims that WBA will pay £1.5M wages for Foster and £750K for Myhills Wages aswell
The KiD
Wasn't there an article a little while back saying the bank is not worried about our finances? Why would they say that if............? Are they in cahoots?
As far as i see it the banks see the club making as much of a efforting in selling players and reducing the wagebill to as to service as much debt as possible and they also know if push comes to shove they have St Andrews as Collateral.
I think the banks would be concerned but they are not panic stations as of yet.
Compared to Portsmouth we are able to had offloaded more and sell more players, the wage bill was not as high and we also have not amased as much in debts from players fees.
Imagine if Phillips, Bent, Bowyer all had 1 year left on their current deals they had last season and we had signed Hleb on a 3 year deal and not loan, and say we signed Keane on his £65K wages and finally a crock like Bullard on £40K a week.
Then we would be in much more trouble, we was in luck that a lot of players contracts was up, and that a number of players wages had clauses in them and we have sellable assets. Even if we dont make much of a profit on them.
Zigic is a big drain, had we sold him last month for even £4M that would have been a massive burden off the club.
Not knocking Zigic but £50K+ a week is massive in the Championship we could sign the wages of at least 5 players the quality of the XI we have been putting out so far this season.
Worry is clubs may seem to be off put by his wages and injury status and i think we may end up having to loan him out instead.
Maybe if club pays his wages (even if he agrees lower) the loaning club covers his wage and thus frees up £50K off our books. I think that with a option for £2-3M could be the best we could get for the big man.
Right now i would recon he would want at least a 3 year deal and £30K+ a week so would cost any clubs interested about £5M wages over 3 years i just cant see Zigic take less than that, and if he would not take such cuts i just cant see any club paying him £40K+ a week especially if its a 2 year or more commitment.
The KiD
BigEcksboringTactic (U4807)
The post starting "Sorry, I know its your first post and there are many that agree with you, but...." is the second best I have ever read on here.
The best was mine
The way I see it is Pannu does what CY tells him to do. That is what he's paid for.
Waving a wallet was perhaps a little naive and ignorant to fans feelings but hardly crime of the century. Certainly not enough to get up in arms over given the bigger picture.
Everyone, me included highlights the bad points and posts rumours. We seem to have forgotten the plus points.
Chris Hughton. Top of the list. Pannu deserves massive amounts of credit for appointing this bloke.
Rooney, Burke, Gomis, Myhill, N'Daw, Caldwell, Spector, King and Wood are another nine reasons Pannu deserves credit. Who else could be that persuasive and bring in players on arguably low wages for a Championship side with no money.
Who has said well done for dropping the credit card, phone bookings and on line bookings charges.
Where's the praise for low pricing for the Euro tie? An almost full house anyway even if they charged £20 a seat. Pannu could have cashed in but didn't.
Every story has two sides including Pannu and Birmingham City.
As I said at the top, that's the way I see it.
I don't believe this story for a second. Where has it come from? Fans who are anti CY & PP by chance?
Besides, if you ask a stupid question, you deserve a stupid answer.
Who knows they could have said "Where's the money Pannu?" and he then took his wallet out and shrugged his shoulders as if to say "not with me".....
....which chinese whispers (unintentional pun) turns into "he flashed his wallet at us"......
.....which turns into "he waved money at the fans".....
.....which turns into "he waved money at the fans, then put on a crown and proceeded to enter the ground on a golden unicorn".
This is just more anti-CY propaganda designed to incite fans' hatred at the time we least need it.
I didn't see the incident, but surely that could mean anything!
Putting something into his wallet then just waving at the fans? How do you know it was a wallet, and not his phone in a leather case? Or maybe he waved it to say... i havent got it! A gestured that could be perceived in thousands of ways.
Its hardly as if Pannu is the main profiteer to make such an arrogant distasteful gesture. Hes a DIRECTOR of the group anyway, it would be stupid to drive the club into the ground as its not in their interests at all to lose everything, or those of the investors.
We got relegated, and our owners arent oil sheiks.
Get real... i still think we're stable enough not to go into freefall! (even though the squad is very thin, esp without mutch)
The singings have been fantastically shrewd, and saved a shedload... hopefully in time we will se re-invested, remember Yeung built an empire from nothing, and im recon Pannu maybe has the know how to get him off the hook, or cover any discrepacy that might have occured.
Newcastle were lucky to retain most players in npc, as we have been on previous relegations to go straight back up. Maybe a taste of real life this season! We still saw our team win at Wembley & have european football to look forward to tommorow!
See you tommorow, im in the tilton behind the goal!
KEEP RIGHT ON.
I'm so cheesed off with all the anti-CY stuff that I phoned up and spoke to Mark Regan earlier.
I labelled myself as one of the silent majority of CY and PP fans - in order to change the feeling of fans you've gotta throw in some propaganda of your own
KRO SOTV !!
SCT, thanks for the compliment
good to see a few other fans on here finally talking sense
KRO
http://www.ja606.co.uk/comments/viewAllComments/18439
Not my OP, but the 9th comment, the one that starts "We had no debts,"
That was my finest hour.
Steve i see what u mean
Do you mean the part of comparing Ecks XI in that 9th place finish to the one last season.
You made one error though, Chucho only played about half the season at 4,4,2 McLeish did drop him and went back to his 4,5,1 and that 4,5,1 was near identical to the one he used near every game last season.
Money was spent, but as always a lot of money Eck spends on signings never hardly get used.
And your right we did get into debts over those signings and the ones left by S&G, remember the £11M liabilities left over from the old board (money owed on players) this was because Sully and Gold brought many players on the knock, McFadden cost only £2.5M upfront.
Sadly it seems maybe Yeung never picked up the tab for many of those, so that debt with the money spent compared to income led to debts on the club.
Not bad while in the Prem as many clubs carry debts, but Relegation cost us.
But worse was Yeung getting arrested.
I dont think Yeung and his crew had bad intentions for the club, and i beleave that Sully and Gold was more knowingly fleecing the club for cash, by that i mean they made a fair buck from it because of how we was ran.
Yeung however never had a clue how to run the club and never had the money to take the debts the club would carry.
In a nutshell he simply bit off more than he could chew and never all along wanted to fleece the club.
The KiD
As far as Panu waving his wallet etc....
Well where is the proof?
Is its just hear say, because if he indeed did that then he is nothing but a rat bag
Or very stupid and niave as that would alienate and hurt the relations with the fans. I dont think he would be so silly.
Then again he did have a rant at stay away fans, and said something like if you dont like whats going on/give positive support, dont go to games etc., and i think he also said go support someone else.
Not sure if thats word for word, but thats kinda the Jist!
What we really needed was a Yeung without his dodgy past, who had the back room staff that Sully had (i.e Brady) and had Sully and Golds Wealth at their peak.
Then we would be in a good position.
The KiD
As many of you know I am not a big fan of the current board and as far as I am concerned the sooner they go the better.
However I was there last week when Pannu did that, it seemed a bit tough in cheeck to be fair to him. A few fans starting singing wheres the money and he got the money out of his pocket and started laughing as he was waving it. He thought it was funny but a few people took it the wrong way, but I saw it as a bit of a laugh.
As I say though I think Pannu is a liar and the sooner he and Carson get out of the club the better.
If Yeung and his consorteum bankrupt the club by taking money out they will lose most of the £81m they spent buying the club from Gold and Sullivan. So unless they've managed to take out £81m, they're not going to take out large sums of money.
I've done some reasearch on the internet and made a spreadsheet looking at transfer fees and players wages. The numbers are aproximate because transfer fees and wages are unconfirmed.
At the end of the 08/09 season the debt (under Gold and Sullivan) was about £7m We then bought Dann, Johnson, Ferguson, Michel, Gardner and paid loan fees for Traore, Benitez and Hart. The wage bill was about £37m and at the end of the 09/10 season the debt was about £21m. We then bought Foster, Zigic, Beasejour and Davies and paid loan fees for Derbyshire, Hleb, Jiranek, Bentley and Martins. The wage bill was about £43m and at the end of the 10/11 season the debt was about £33m. This season we have sold Johnson, Ferguson, Michel and Gardner. All the others were at the end of their contract and were released for £0. We loaned out Foster and got compensation for McLeish and the debt is still about £15m.
The money has gone on buying and selling players and paying their wages.
There is no doubt in my mind that Yeung didn't know what he was getting into and has made some naive mistakes. The biggest was running up a £33m debt. Although I'm suspicious of why a bloke from Hong Kong woudl buy the Blues, correcting last years mistake by selling players and balancing the books is the correct thing to do.
Although this leaves us with a weak squad, we have the parachute payments and biggish crowds for the Championship (and biggish gate receipts) meaning we can still pay higher wages. This advantage may not show this season because the squad has completely changed but it will over the next 2 or 3.
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Peter Pannu Antics ( rumour )
Page 1 of 2
posted on 24/8/11
I completely agree.
To be honest though what else can you exect from an ex cop/lawyer whos trying to run a football club. This blokes trying to do something he knows complete FA about which I think is our biggest problem. This biggest mistake the current board have made is not getting someone in who has experience in the PL and football in general. Instead Carson gives his pal a job a now we've got Pannu negotiating players contracts and transfer fees. Ridiculous. Sooner they are out the better.
posted on 24/8/11
Sorry, I know its your first post and there are many that agree with you, but....
Articles like this are beginning to get on my nerves.
firstly, I want you to ask yourself, how much of your resentment to PP is based on the fact that he looks a bit like a bald ape with glasses rather than sound logic? Just think, if he were arrested for, say assault on a girl, he is the kind of bloke the Sun would have on the front page proclaimed as guilty, regardless of fact or substance... the guy is just does not have a media friendly face - not his fault
Secondly, His Bullish attitude & Tough nut negotiator.... Is this not a good attitude to have when we are in difficulties? Or would you prefer you bend over when some team comes along with a couple of quid for our best player
Thirdly, lack of experience... Well, that he may have, but he called it right initially when dealing with Eck's contract. Remember all us lot saying Eck should be given double his salary for the rest of his life?? Then PP says 'Eck is no Mouriniho yet' and everyone is up in arms, but he called it right. Ok, he gave in to people power eventually, but he was still 'experienced' enough to look devastated when Eck left and get a nice £2-3m settlement out of it.
Fourthly, we have been told our finances are sound. Whilst I know we are skint, I do believe this. Fact is a.) we have lost most of our income and have to make cuts. b.) CY, the chancer that he is has been arrested and assets frozen. This would make operating any business nigh on impossible, yet we still bring players in. Sorry, but PP's hands are tied. I dont see what else he could do differently?
You want answers? Of course, so do I. However, just imagine if he did lay it all out on the table... Any business that Blues tried to do from that moment on-wards would be impossible. Surely its the no.1 rule when negotiating with other clubs/players is not to show your hand (and maybe even bluff a little too)
Everyone goes on about PP, but for me, this guy is just doing a job. You want to vent your anger on someone, vent it towards Carson Yeung for getting his dumb ess arrested
KRO
posted on 24/8/11
the guy is just does not have a media friendly face - not his fault
====
He comes across well on Masterchef.
posted on 24/8/11
Or would you prefer you bend over when some team comes along with a couple of quid for our best player
====
Errr isn't this exactly what happened? Coming out saying no one will be sold on the cheap then loaning out Foster, yeah great business Pannu
posted on 24/8/11
John
I think I'm right in saying that you are JohnHKNewFan from the BBC?
If I am right then you are from Hong Kong and understand what a pair of lying crooks Pannu and Yeung are!
Unfortunately nobody else on here wants to face reality,that they are ruining Birmingham City,they all want to bury their collective heads in the sand and do nothing.
Except maybe fiddle while Rome burns!
These people need to be thrown out of BCFC instantly and back to the gutter they came from.
As you can see from some of the replies here,it's no wonder Pannu is waving his wallet and laughing at the fans as he pockets 50 milllion plus!
Why is he going back to Hong Kong?
To launder the 50 million mentioned before of course!
These people will not stop until St Andrews is a Hypermarket or Shopping Centre.Sadly noone seems to have the balls to do anything about it!
posted on 24/8/11
IMO thats a great bit of business.
In exchange for the loan of Ben Foster we have;
A good goalie in Boaz Myhill
Ben Fosters wages off the books
A £1-2m loan fee
and (I think) BM's wages payed for as well
And to top that all off.... if we do get promoted we get BF back! yerself!
posted on 24/8/11
Well we have ran up debts and i think most of this trouble is to do with the take over of the club.
Its not as if Yeung had say the same amount of cash ready as Learner or Sully or even Gold, so its not like Mr Yeung was worth £500M and had £200M+ in the bank and then brought the club for £45-50M
Sadly he has not paid for the club in total, his shares have changed a lot and worth about £12M the club was also brought for £30M more than it was worth.
With Relegation the banks and lenders are starting to panic more about the money owed to them, but we are in credit.
I think that just means the banks are happy at the cuts we are making to pay off whats owed and that St Andrews is used as Collateral, its not a case of us going to the banks and asking for more money because they wont lend it us.
We used to make about £6M profits under Sully and Gold in the Prem, we have spent more on wages and fees than we usually do under S&G (dont forget a £6M player under them was usually £2M down, £500K X 4 Installments and £2M addons and not £6M cash).
So i would not be suprised if the cost of the wagebill, transfers NET and other running costs at the club would see what usually was £6M Profits become break even at very best.
Move onto a new season with £40M less income, cuts have to be made.
There are various reports of whats owed ranging from £30M debts to £60M...
Problem is the clubs books are not as open as they usually was when we was a PLC.
Papers had said that as of January the clubs debts are £30M more than our assets, i was told by someone that our liabilties was £23M in addition to losses and cuts from Relegation.
I guess we wont find out the truth, but look at how we have done business will show you we just dont have much money at all.
The KiD
posted on 24/8/11
Show me any links that prove we made 1-2m off the loan and baggies are paying BM wages.
Imo it has to be the worst business we done in years. We recieve no money upfront which obviously doesn't help. We lose a quality keeper. Get a fairly decent one in return. If Foster has a shocker this season he comes back to us worth less than he is now. If he plays well well still struggle to get a decent fee for him because everyone knows we need him off the wage bill.
posted on 24/8/11
Blueinbarca... not that I am not worried about the things you have mentioned, but....
Any chance you can base some of those accusations on something of substance?
Other than that prat getting arrested, has there been any evidence that they actually WANT to ruin us??
hmmm, let me see....... nope, just accusations based on fear and scepticism
posted on 24/8/11
Barca thats the other side to the Story
Some do think the club are pocketing every penny of that cash, some go as far to say thats the only reason they brought our club was to use us as a washing machine.
Their case being....
Paying £30M more for the club than its worth is a extra £30M of Dirty Money Clean
Saying you have £80M to spend on players is another way to mask spending/washing of even more money.
Honestly i dont buy that idea....
I think Yeung was just like many fans, he had a great idea, a plan for Asia and all this stuff.
But his plan was only sound in theory, to get it to work required investment that Yeung had not got.
His gamble would be pay over odds, invest money thats not his (well not ready cash) so that means loans and debts.
In the hope that down the line his plans work out, we become a hit in China we attracts sponsors and extra investment.
Sadly he lacked the funds to maintain such plans, and seems that maybe would be backers who may have liked his plans and could have invested got cold feet and decided to see how we do first, sadly we had not taken off in Asia, but it would take time at least 5 years.
Sadly we never got to get 5 years into his plans, because combination of relegation and his arrest as thrown a spanner into his works.
He is just a Chinese Del Boy and Panu is his Rodney
The KiD
posted on 24/8/11
RZA
We have loaned them Foster for no fee, they have done the same with Myhill to us and WBA will pay Fosters £1.5M a season wages and will also pick up Myhills.
We have therefore knocked £1.5M off the wage bill and laned a keeper who would cost us nothing.
http://www.expressandstar.com/sport/west-bromwich-albion-fc/2011/08/01/albion-look-for-boaz-myhill-replacement/
Claims that WBA will pay £1.5M wages for Foster and £750K for Myhills Wages aswell
The KiD
posted on 24/8/11
Wasn't there an article a little while back saying the bank is not worried about our finances? Why would they say that if............? Are they in cahoots?
posted on 24/8/11
As far as i see it the banks see the club making as much of a efforting in selling players and reducing the wagebill to as to service as much debt as possible and they also know if push comes to shove they have St Andrews as Collateral.
I think the banks would be concerned but they are not panic stations as of yet.
Compared to Portsmouth we are able to had offloaded more and sell more players, the wage bill was not as high and we also have not amased as much in debts from players fees.
Imagine if Phillips, Bent, Bowyer all had 1 year left on their current deals they had last season and we had signed Hleb on a 3 year deal and not loan, and say we signed Keane on his £65K wages and finally a crock like Bullard on £40K a week.
Then we would be in much more trouble, we was in luck that a lot of players contracts was up, and that a number of players wages had clauses in them and we have sellable assets. Even if we dont make much of a profit on them.
Zigic is a big drain, had we sold him last month for even £4M that would have been a massive burden off the club.
Not knocking Zigic but £50K+ a week is massive in the Championship we could sign the wages of at least 5 players the quality of the XI we have been putting out so far this season.
Worry is clubs may seem to be off put by his wages and injury status and i think we may end up having to loan him out instead.
Maybe if club pays his wages (even if he agrees lower) the loaning club covers his wage and thus frees up £50K off our books. I think that with a option for £2-3M could be the best we could get for the big man.
Right now i would recon he would want at least a 3 year deal and £30K+ a week so would cost any clubs interested about £5M wages over 3 years i just cant see Zigic take less than that, and if he would not take such cuts i just cant see any club paying him £40K+ a week especially if its a 2 year or more commitment.
The KiD
posted on 24/8/11
BigEcksboringTactic (U4807)
The post starting "Sorry, I know its your first post and there are many that agree with you, but...." is the second best I have ever read on here.
The best was mine
posted on 24/8/11
The way I see it is Pannu does what CY tells him to do. That is what he's paid for.
Waving a wallet was perhaps a little naive and ignorant to fans feelings but hardly crime of the century. Certainly not enough to get up in arms over given the bigger picture.
Everyone, me included highlights the bad points and posts rumours. We seem to have forgotten the plus points.
Chris Hughton. Top of the list. Pannu deserves massive amounts of credit for appointing this bloke.
Rooney, Burke, Gomis, Myhill, N'Daw, Caldwell, Spector, King and Wood are another nine reasons Pannu deserves credit. Who else could be that persuasive and bring in players on arguably low wages for a Championship side with no money.
Who has said well done for dropping the credit card, phone bookings and on line bookings charges.
Where's the praise for low pricing for the Euro tie? An almost full house anyway even if they charged £20 a seat. Pannu could have cashed in but didn't.
Every story has two sides including Pannu and Birmingham City.
As I said at the top, that's the way I see it.
posted on 24/8/11
I don't believe this story for a second. Where has it come from? Fans who are anti CY & PP by chance?
Besides, if you ask a stupid question, you deserve a stupid answer.
Who knows they could have said "Where's the money Pannu?" and he then took his wallet out and shrugged his shoulders as if to say "not with me".....
....which chinese whispers (unintentional pun) turns into "he flashed his wallet at us"......
.....which turns into "he waved money at the fans".....
.....which turns into "he waved money at the fans, then put on a crown and proceeded to enter the ground on a golden unicorn".
This is just more anti-CY propaganda designed to incite fans' hatred at the time we least need it.
posted on 24/8/11
I didn't see the incident, but surely that could mean anything!
Putting something into his wallet then just waving at the fans? How do you know it was a wallet, and not his phone in a leather case? Or maybe he waved it to say... i havent got it! A gestured that could be perceived in thousands of ways.
Its hardly as if Pannu is the main profiteer to make such an arrogant distasteful gesture. Hes a DIRECTOR of the group anyway, it would be stupid to drive the club into the ground as its not in their interests at all to lose everything, or those of the investors.
We got relegated, and our owners arent oil sheiks.
Get real... i still think we're stable enough not to go into freefall! (even though the squad is very thin, esp without mutch)
The singings have been fantastically shrewd, and saved a shedload... hopefully in time we will se re-invested, remember Yeung built an empire from nothing, and im recon Pannu maybe has the know how to get him off the hook, or cover any discrepacy that might have occured.
Newcastle were lucky to retain most players in npc, as we have been on previous relegations to go straight back up. Maybe a taste of real life this season! We still saw our team win at Wembley & have european football to look forward to tommorow!
See you tommorow, im in the tilton behind the goal!
KEEP RIGHT ON.
posted on 24/8/11
I'm so cheesed off with all the anti-CY stuff that I phoned up and spoke to Mark Regan earlier.
I labelled myself as one of the silent majority of CY and PP fans - in order to change the feeling of fans you've gotta throw in some propaganda of your own
KRO SOTV !!
posted on 24/8/11
Great post Ed
posted on 24/8/11
SCT, thanks for the compliment
good to see a few other fans on here finally talking sense
KRO
posted on 24/8/11
http://www.ja606.co.uk/comments/viewAllComments/18439
Not my OP, but the 9th comment, the one that starts "We had no debts,"
That was my finest hour.
posted on 24/8/11
Steve i see what u mean
Do you mean the part of comparing Ecks XI in that 9th place finish to the one last season.
You made one error though, Chucho only played about half the season at 4,4,2 McLeish did drop him and went back to his 4,5,1 and that 4,5,1 was near identical to the one he used near every game last season.
Money was spent, but as always a lot of money Eck spends on signings never hardly get used.
And your right we did get into debts over those signings and the ones left by S&G, remember the £11M liabilities left over from the old board (money owed on players) this was because Sully and Gold brought many players on the knock, McFadden cost only £2.5M upfront.
Sadly it seems maybe Yeung never picked up the tab for many of those, so that debt with the money spent compared to income led to debts on the club.
Not bad while in the Prem as many clubs carry debts, but Relegation cost us.
But worse was Yeung getting arrested.
I dont think Yeung and his crew had bad intentions for the club, and i beleave that Sully and Gold was more knowingly fleecing the club for cash, by that i mean they made a fair buck from it because of how we was ran.
Yeung however never had a clue how to run the club and never had the money to take the debts the club would carry.
In a nutshell he simply bit off more than he could chew and never all along wanted to fleece the club.
The KiD
posted on 24/8/11
As far as Panu waving his wallet etc....
Well where is the proof?
Is its just hear say, because if he indeed did that then he is nothing but a rat bag
Or very stupid and niave as that would alienate and hurt the relations with the fans. I dont think he would be so silly.
Then again he did have a rant at stay away fans, and said something like if you dont like whats going on/give positive support, dont go to games etc., and i think he also said go support someone else.
Not sure if thats word for word, but thats kinda the Jist!
What we really needed was a Yeung without his dodgy past, who had the back room staff that Sully had (i.e Brady) and had Sully and Golds Wealth at their peak.
Then we would be in a good position.
The KiD
posted on 25/8/11
As many of you know I am not a big fan of the current board and as far as I am concerned the sooner they go the better.
However I was there last week when Pannu did that, it seemed a bit tough in cheeck to be fair to him. A few fans starting singing wheres the money and he got the money out of his pocket and started laughing as he was waving it. He thought it was funny but a few people took it the wrong way, but I saw it as a bit of a laugh.
As I say though I think Pannu is a liar and the sooner he and Carson get out of the club the better.
posted on 25/8/11
If Yeung and his consorteum bankrupt the club by taking money out they will lose most of the £81m they spent buying the club from Gold and Sullivan. So unless they've managed to take out £81m, they're not going to take out large sums of money.
I've done some reasearch on the internet and made a spreadsheet looking at transfer fees and players wages. The numbers are aproximate because transfer fees and wages are unconfirmed.
At the end of the 08/09 season the debt (under Gold and Sullivan) was about £7m We then bought Dann, Johnson, Ferguson, Michel, Gardner and paid loan fees for Traore, Benitez and Hart. The wage bill was about £37m and at the end of the 09/10 season the debt was about £21m. We then bought Foster, Zigic, Beasejour and Davies and paid loan fees for Derbyshire, Hleb, Jiranek, Bentley and Martins. The wage bill was about £43m and at the end of the 10/11 season the debt was about £33m. This season we have sold Johnson, Ferguson, Michel and Gardner. All the others were at the end of their contract and were released for £0. We loaned out Foster and got compensation for McLeish and the debt is still about £15m.
The money has gone on buying and selling players and paying their wages.
There is no doubt in my mind that Yeung didn't know what he was getting into and has made some naive mistakes. The biggest was running up a £33m debt. Although I'm suspicious of why a bloke from Hong Kong woudl buy the Blues, correcting last years mistake by selling players and balancing the books is the correct thing to do.
Although this leaves us with a weak squad, we have the parachute payments and biggish crowds for the Championship (and biggish gate receipts) meaning we can still pay higher wages. This advantage may not show this season because the squad has completely changed but it will over the next 2 or 3.
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