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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 1155737 times)
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« Reply #12090 on: Tuesday, April 2, 2024, 19:49:46 »

I see one of the Trust board members has messaged someone on Twitter about a takeover opportunity and saying the club is badly run….


https://twitter.com/nickcoote/status/1775087414853185903

So who is ChrisWchrysalis?
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tans
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« Reply #12091 on: Tuesday, April 2, 2024, 20:34:25 »

Chris Wright - used to own QPR and Wasps
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The Artist Formerly Known as Audrey

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« Reply #12092 on: Tuesday, April 2, 2024, 21:14:23 »

Are there any successful clubs that don’t run a huge deficit?
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« Reply #12093 on: Tuesday, April 2, 2024, 21:53:26 »

Chris Wright - used to own QPR and Wasps

Any idea why he doesn’t now?
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mexico red

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« Reply #12094 on: Tuesday, April 2, 2024, 22:20:06 »

Brighton having just made record profits are 'working on becoming sustainable' having paid back some of their owner loans so they 'only' owe him 370m instead of 400m!

Just to give more of a sense of why sustainable talk amuses me so much.

Brighton make record £123m profit after fine season - https://www.bbc.co.uk/sport/football/68691248


This doesn't include the sales of Sanchez and caceido to Chelsea , another 140 million, plus their money from the Europa league. Oh to have a fan giving a club 400 million interest free
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Bob1978

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« Reply #12095 on: Wednesday, April 3, 2024, 00:54:20 »

Any idea why he doesn’t now?

He could no longer afford to bank roll a loss making football club. Why the hell would he want to do it again? I assume Coote is just freelancing - nothing to do with the trust.
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« Reply #12096 on: Wednesday, April 3, 2024, 12:12:44 »

He could no longer afford to bank roll a loss making football club. Why the hell would he want to do it again? I assume Coote is just freelancing - nothing to do with the trust.

The upside potential for development of SN1 into a proper stadium and sports hub with out of season income streams is a real possibility. Sadly, the current owners official or otherwise are only likely to see is as a short term cash cow.
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ChalkyWhiteIsGod
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« Reply #12097 on: Wednesday, April 3, 2024, 13:00:17 »

He could no longer afford to bank roll a loss making football club. Why the hell would he want to do it again? I assume Coote is just freelancing - nothing to do with the trust.

Would we be making a loss on 9k attendance and our ticket prices once all the scroungers are gone? I don't think so because I can't honestly see what we're spending anything on.
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RobertT

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« Reply #12098 on: Wednesday, April 3, 2024, 13:23:37 »

Would we be making a loss on 9k attendance and our ticket prices once all the scroungers are gone? I don't think so because I can't honestly see what we're spending anything on.

I think it is always safe to assume that the football entity is unlikely to ever make a profit, in the long term.  However, there are ways to make money from football clubs - there are plenty of people doing it right now in our club and others down the years.

What you want is someone who can minimize the loss making at entity level, while finding a way to protect their investment (or make money) that delivers success on the football field at the same time.  In our case, it has to be around the ground development - which itself becomes more financially beneficial if a successful club is anchoring it.
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BambooToTheFuture

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« Reply #12099 on: Wednesday, April 3, 2024, 16:35:01 »

And with that RobT, I fear Town are going to end up like Darlington. At some point the club end up with a redeveloped stadia that can hold circa 25k supporters but Clem doesn't pay any creditors even after a CVA is agreed.

Joy
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tans
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« Reply #12100 on: Wednesday, April 3, 2024, 19:07:11 »

https://x.com/bcks109/status/1775398114016248207?s=46&t=sUQ-fFgelrF5oqTmo-D8tA
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tans
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« Reply #12101 on: Wednesday, April 3, 2024, 21:02:12 »

Fair game review findings released tomorrow
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Batch
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« Reply #12102 on: Wednesday, April 3, 2024, 21:58:01 »

Fair game review findings released tomorrow
Let's hope it provides better clarity rather than caveat city.
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RobertT

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« Reply #12103 on: Wednesday, April 3, 2024, 22:18:26 »

Let's hope it provides better clarity rather than caveat city.

I'm not entirely sure we should expect much - it's not like they'd have given them copies of the ledgers and down to receipts with evidence of payments and receivables.  At best, we get a bit more of a breakdown of total wage bill, or maybe Revenue partitioned by business unit.

I still don't really understand the point (well, I do) - anyone with a decent financial brain could send out a good summary from the club directly.
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welshred

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« Reply #12104 on: Thursday, April 4, 2024, 07:12:24 »

Absolutely no chance we'll get anything useful from it. The club wouldn't allow it if it was going to uncover anything untoward.
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