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Author Topic: New beginnings - Fresh Start  (Read 497683 times)
ChalkyWhiteIsGod
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« Reply #3765 on: Friday, May 19, 2023, 21:28:53 »

The mental thing is that Black hired that diplomat to come in and find the right buyer.....and he somehow found Jed.

I dread to think what he is like at his day job.
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Uncletrunx

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« Reply #3766 on: Friday, May 19, 2023, 21:32:24 »

Was he also the diplomat who sent the whole fanbase into a panic by mentioning administration when it wasn't really on the cards?

If that's how we're talking to the heads of other nations, it's no wonder the world's in the state it is.
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ChalkyWhiteIsGod
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« Reply #3767 on: Friday, May 19, 2023, 21:51:43 »

This is him

https://www.bbc.co.uk/sport/football/21188916
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BambooToTheFuture

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« Reply #3768 on: Friday, May 19, 2023, 23:46:34 »

You are missing some very important factors that were likely driving Black.

A quick sale under pressure to complete would mean a significantly less challenging period of Due Diligence by any prospective buyer.  This was not about making a "profit" from any sale, but instead about  stopping the cashflow outwards from his bank balance (even a club in a higher division is going to have some challenges selling when it becomes evident they've created an entirely unsustainable business thanks to massive over spending).

That quick sale not only stopped the cash burn, it also banked a Loss that likely worked out well for the tax period.

I'd wager, pardon the pun, that the buyer was precisely the sort of person/people Black was hoping for.

Oh I understand the part of a 'no questions asked' element but a decentish business person would likely have seen through the excessive wage bill problem and looked at workarounds for the debentures. They would have seen the possibility for redeveloping the ground. STFC has always had skeletons in proverbial closets [like most clubs] AND Black most definitely could have still got out of dodge relatively quickly. I'm sure the likes of Sir Martyn Arbib and co could have waited a few more months. I know that from their POV that is moot but for us and STFC [and probably PdC tbh], it really was the worst possible timing for them/us.

Make no mistake, I know why but it still irks me.

NB: Let's add the the fact that most people who buy football clubs are much like people who buy boats - in most cases they will never get their ROI, generally have to continue pumping money in and either don't care because their wealth makes this a plaything/projects/ego trip or they will use the asset/club to make money via other channels/streams. If we look at the 92 Pro League clubs, there aren't particularly many that are in any real form of profit. Yet most are either in some form of debt directly or soft debt via a generous owner.
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'I'm gonna tell you the secret.
There's a threat, you end it and you don't feel ashamed about enjoying it.
You smell the gunpowder and you see the blood, you know what that means?
It means you're alive. You've won.
You take the heads so that you don't ever forget.'
BambooToTheFuture

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« Reply #3769 on: Friday, May 19, 2023, 23:59:32 »

Thinking about it [recent and possibly current owners], and the more I do, it feels to me like it's The Eady Trust who should be more associated with the tag of ''saving are club''. If they were much softer in allowing funds to be accessed then we all know what could have happened to that estate and potentially to Town too.
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'I'm gonna tell you the secret.
There's a threat, you end it and you don't feel ashamed about enjoying it.
You smell the gunpowder and you see the blood, you know what that means?
It means you're alive. You've won.
You take the heads so that you don't ever forget.'
Leggett
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« Reply #3770 on: Saturday, May 20, 2023, 08:46:11 »

Listening to the latest Price of Football podcast, Jed's name came up twice, linked with the shenanigans of the outgoing owner of Yeovil, and a second club, West Brom I think it was... We were lucky to escape their sticky little mitts, but was a 'out of the frying pan...' with Power, I guess.
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TheDukeOfBanbury

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« Reply #3771 on: Saturday, May 20, 2023, 09:02:06 »

The mental thing is that Black hired that diplomat to come in and find the right buyer.....and he somehow found Jed.

I dread to think what he is like at his day job.

Like hiring Fred West to lay your patio.

We have had shite owners that feels like eternity.
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Cheltred

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« Reply #3772 on: Saturday, May 20, 2023, 09:04:43 »

Listening to the latest Price of Football podcast, Jed's name came up twice, linked with the shenanigans of the outgoing owner of Yeovil, and a second club, West Brom I think it was... We were lucky to escape their sticky little mitts, but was a 'out of the frying pan...' with Power, I guess.
I didn't know Jed was involved at Yeovil! Their fans were certainly glad to see the back of the last owner.
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Leggett
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« Reply #3773 on: Saturday, May 20, 2023, 09:06:59 »

The host has been alluding to things he couldn't say publicly for a while now, as the deal has gone through now he said that some people had seen paperwork indicating there was a deal in place for the stadium to be sold and plans for a hotel, housing and other bits and bobs in place for Huish Park.
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Frigby Daser

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« Reply #3774 on: Saturday, May 20, 2023, 09:17:47 »

Can definitely confirm Clem is in this for the long haul and not trying to sell the club..

Iíd optimistically hoped the exodus of staff was strategic, rather than a case ofÖ. an unplanned exodus of staff.
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The Artist Formerly Known as Audrey

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« Reply #3775 on: Tuesday, May 23, 2023, 18:03:57 »

Will the proposed government changes to visas for studentís families have an impact on Zavís Pakistan Ďjauntí.
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horlock07

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« Reply #3776 on: Tuesday, May 23, 2023, 18:32:51 »

Will the proposed government changes to visas for studentís families have an impact on Zavís Pakistan Ďjauntí.
That rather depends on whether that is actually the nefarious function of said 'jaunt', it seems to be a speculation that has become 'fact'?
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Batch
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« Reply #3777 on: Tuesday, May 23, 2023, 18:42:44 »

Will the proposed government changes to visas for studentís families have an impact on Zavís Pakistan Ďjauntí.

Not very clear from the news articles on it. They are talking about postgraduates.

Suspect it won't affect those younger coming over on a football scholarship


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The Artist Formerly Known as Audrey

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« Reply #3778 on: Tuesday, May 23, 2023, 18:47:13 »

Just wondering if the definition of Ďstudentí would cover any young fella that might come over from Karachi.
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Jimmy QuitMoaning

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« Reply #3779 on: Tuesday, May 23, 2023, 18:54:36 »

Or Gal😆
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Just getting my shit up together
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