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The Administration Thread


Boycie

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51 minutes ago, Charlie George said:

 if you invested 100 dollars in Bitcoin in 2014,it's now worth just of 8 billion dollars now. 

That's not at all true. If you invested $100 in 2015, and cashed out at it's peak, you'd have about $20,000 (you'd have less if you bought in 2014 as the price initially went down). Due to the volatility in price, if you could predict the peaks and troughs, you might be able to push that to a million, but definitely not billions.

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2 minutes ago, Crazy said:

That's not at all true. If you invested $100 in 2015, and cashed out at it's peak, you'd have about $20,000 (you'd have less if you bought in 2014 as the price initially went down). Due to the volatility in price, if you could predict the peaks and troughs, you might be able to push that to a million, but definitely not billions.

You're Crazy 

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2 hours ago, Addingham Ram said:

Don't you think that's how we should be run moving forward?

The days of relying on an owner's personal wealth should be put firmly behind us.

Let's grow sustainably.

With our fan base, and potential sponsorship, we should have funds to put together a reasonable squad, without CK getting his wallet out. If not, and we do rely on CK's wealth, we'd simply be going down the same old route again. Is that really what we want?

Yeah I’m 100% against big spending. I was just pointing out whether Mike Ashley had £60m or £600m is irrelevant, so comparing Kirchner again Ashley in terms of wealth is pointless. 

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7 hours ago, angieram said:

Says somewhere that he's got rid of 90% of it now. Mentions volatility of market or something. Sounds like he made his money early doors and has collected his winnings! 

 

Crypto is just complete casino stuff with valuations bearing little to know relevance to actual intrinsic worth. 

Massive volatility. 

Welcome to the world of football club ownership Chris - much steadier ?

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2 hours ago, Mucker1884 said:

Erm.  Hang on... So he has made a public statement that he has £60m in his account? 

So we have 3 x dozen pages claiming nobody knows what he's worth, and you've known the facts all along?   Grrrrr... seethe... etc.

 

Oh... and just as a matter of interest... was that the balance before he bought his plane, or after?  I hope the latter, otherwise things are gonna get pretty tight, if he's only got £38m left now!  We may not get our free DCFC Baseball caps after all.  ? 

Hang on back in December time he was supposed to show the administrators £50 million assets, with another £50 million later. He claimed he showed £100 million straight off and there were no statements anywhere that his statement was not true

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2 hours ago, Mucker1884 said:

Erm.  Hang on... So he has made a public statement that he has £60m in his account? 

So we have 3 x dozen pages claiming nobody knows what he's worth, and you've known the facts all along?   Grrrrr... seethe... etc.

 

Oh... and just as a matter of interest... was that the balance before he bought his plane, or after?  I hope the latter, otherwise things are gonna get pretty tight, if he's only got £38m left now!  We may not get our free DCFC Baseball caps after all.  ? 

Bought the plane 5/3/2021

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9 minutes ago, I know nuffin said:

Hang on back in December time he was supposed to show the administrators £50 million assets, with another £50 million later. He claimed he showed £100 million straight off and there were no statements anywhere that his statement was not true

Andrew Hosking confirmed this on talksport in Oct/Nov time.

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3 hours ago, Bald Eagle's Barmy Army said:

It doesn’t matter how much cash CK has in the bank. 
 

A well ran club shouldn’t have to keep dipping into an owners fortunes. 

Absolutely agree. Beyond some initial input to put us back on our feet and help to build a viable squad, hopefully for the first time in quite a while we will be financially stable.

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33 minutes ago, I know nuffin said:

Hang on back in December time he was supposed to show the administrators £50 million assets, with another £50 million later. He claimed he showed £100 million straight off and there were no statements anywhere that his statement was not true

Don’t you get shouting figures at me!

The £60m I mentioned was as a direct response to a previous poster, who did quote that figure!  My mention was swiftly followed by a Question mark!

don’t get thinking that your username gives you the right to claim exclusivity to knowing nothing!

I almost certainly know nothing more than you know nothing!  So there!  Sort of!  

 

 

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