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Flashheart
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« Reply #30 on: Monday, October 22, 2012, 12:59:09 » |
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If you want a return on your money you don't buy a football club. Many have tried and it always ends in a mess
That's just not true Arriba. For the 2010-2011 season 5 Prem clubs made a profit. Last season Newcastle made a $50m profit. Can't find anything for the lower leagues but don't see any reason why it should be any different. I imagine Black and Co. have done their homework as well, they ain't stupid. |
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mrverve
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« Reply #31 on: Monday, October 22, 2012, 13:08:33 » |
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Black and co would've bought this club with the intention of making a profit when they sell it on.
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Arriba
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« Reply #32 on: Monday, October 22, 2012, 13:25:07 » |
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That's just not true Arriba. For the 2010-2011 season 5 Prem clubs made a profit. Last season Newcastle made a $50m profit.
Can't find anything for the lower leagues but don't see any reason why it should be any different. I imagine Black and Co. have done their homework as well, they ain't stupid.
This is Swindon Town we're on about,a club that was up shit creek and riddled with debt when they took over. I cannot see how this club will see a return on their investment,not to mention being self sustaining and able to compete in the Championship without significant funds being made available for players. The manager likes spending and our gates do not sustain that already. The board have put loads into the club but i'm buggered if i know how they will get it back let alone make a profit. I know they aint stupid which only makes me more dubious. |
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Flashheart
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« Reply #33 on: Monday, October 22, 2012, 13:53:37 » |
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This is Swindon Town we're on about,a club that was up shit creek and riddled with debt when they took over. I cannot see how this club will see a return on their investment,not to mention being self sustaining and able to compete in the Championship without significant funds being made available for players. The manager likes spending and our gates do not sustain that already.
The board have put loads into the club but i'm buggered if i know how they will get it back let alone make a profit.
I know they aint stupid which only makes me more dubious.
They've outlined their plans plenty of times already. And us being 'Swindon Town' means bugger all. The current lot have absolutely nothing to do with previous mismanagement. |
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Arriba
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« Reply #34 on: Monday, October 22, 2012, 13:58:29 » |
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They've outlined their plans plenty of times already.
And us being 'Swindon Town' means bugger all. The current lot have absolutely nothing to do with previous mismanagement.
I know they have nothing to do with previous mismanagement,but ploughing money into STFC doesn't look a good business decision to me. |
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LittleRed
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« Reply #35 on: Monday, October 22, 2012, 15:42:56 » |
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Every big occasion for Swindon town I.e wembley, COC cup v villa have proved that Swindon town can generate more interest and support. The sell out crowd against villa shows exactly what sort of support we can generate. Will be a great message to the board of what is there if the ambition is also there.
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LittleRed
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« Reply #36 on: Monday, October 22, 2012, 15:43:45 » |
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I hope also we are in great voice win or lose.
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Power to people
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« Reply #37 on: Tuesday, October 23, 2012, 11:30:38 » |
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As I understand it if the debt levels were reasonably clear then any new investor would be able to come in and know that his money is not coming in and going into a black hole to repay debt as the club is heavily in debt, if there are small debts then an investor sees an opportunity of his money being able to make a difference and to help build the club up
I like the bit about looking for certain type of people to join the board that can add some expertise
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pauld
Aaron Aardvark
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« Reply #38 on: Tuesday, October 23, 2012, 18:46:41 » |
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From what Hodgetts has just said about Fitton's response to a request for an interview on the writing off debt issue, it sounds like there might be a bit of wrangling behind the scenes still between the major investors and Fitton/Wray
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Batch
Not a Batch
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« Reply #39 on: Tuesday, October 23, 2012, 18:47:46 » |
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From what Hodgetts has just said about Fitton's response to a request for an interview on the writing off debt issue, it sounds like there might be a bit of wrangling behind the scenes still between the major investors and Fitton/Wray
Was he told to go away? Not surprised if he was to be honest. |
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pauld
Aaron Aardvark
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« Reply #40 on: Tuesday, October 23, 2012, 18:49:02 » |
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Was he told to go away?
Not surprised if he was to be honest.
In no uncertain terms by the sounds of it. He reported Fitton said "he wasn't prepared to negotiate via the media". And rightly so. Fair enough asking the question, mind |
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Batch
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« Reply #41 on: Tuesday, October 23, 2012, 18:53:45 » |
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In no uncertain terms by the sounds of it. He reported Fitton said "he wasn't prepared to negotiate via the media". And rightly so. Fair enough asking the question, mind
Hmm, this was always my fear...not yet a rift I suppose  I don't really understand the rational between asking someone who has sunk a load of cash in to forget about it so some other people can sink a load of money in and reap any rewards. Still, I probably understand 2% of what is going on. Ignorance is bliss. |
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pauld
Aaron Aardvark
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« Reply #42 on: Tuesday, October 23, 2012, 19:00:07 » |
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Hmm, this was always my fear...not yet a rift I suppose I don't really understand the rational between asking someone who has sunk a load of cash in to forget about it so some other people can sink a load of money in and reap any rewards. Well I can see the rationale, so long as you retain an interest of course (not you, the putative investor) as it does help clean up the balance sheet. A load of debt hanging around makes it less attractive to other investors. Equally, as someone said the other day, Fitton and Wray probably aren't in quite the same position as Arbib and Black are to write off debt in the hope of a better overall outcome. Although I'd imagine they're both in a better position to do so than any of us |
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