Fans are delusional if they believe....

The board bought BFC to make a profit, not many clubs make money (or owners do).The top Prem clubs are bankrolled by billionaires at their own losses, probably pocket change to them.

Now, if fans believe our board have made a number of poor decisions and have compounded mistakes by further mistakes, then I agree with that...but dont believe they are trying to rob/strip assets etc.

Just poor poor decision making!

 

So why have they bought us?

 

Wasn't Chien's gret-grandad that bloke who used to sweep Hoyland Market int early 60s?

 

Project/portfolio whatever it was it can't have been to make millions and run, as some have suggested. Alot of owners buy football clubs as an hobby/interest (spare cash). I dont think PC did it for that but he knew he was only going to lose money.

 

and what if when they have had their playtime they decide to sell us to developers. they are not football people they do not understand what it means to us fans. we are just their plaything

 

Didn’t think they could as the council own 50% of the ground, I maybe wrong? But if so, thank god the council hasn’t sold them their share.

 

That I agree with although I hope the selling to developers is wrong. I dont believe they are in it for the long haul. I think they saw us as a cheap opportunity to get their portfolio highlighted with a run through the leagues into the Prem. Their decisions have meant a more bungee jump/yoyo ride than a rocket to the moon what we all hoped for!

 

They made a huge profit on Nice and they must be in the black with Barnsley. They are an investment company. Course they are here to make a profit.

 

But why would you buy a business and do nothing with it? All they are doing is bringing grief upon themselves.

If your hobby was a train set, wouldn’t you at least buy a few extra carriages from time to time?

I think it’s very naive to think that they have spent so much on the purchase of the club just to balance the books and do little else.

 

Luckily they can't because they don't own the ground,

 

They chose us as an easy gamble, not going to lose much if it goes wrong! The only profit they would make is if we got to the Prem and I think that is further away now with them than it was prior with PC. Their football decision making has been extremely poor and damaging.

 

They can also make a profit by buying cheap youngsters who they think have potential to make money. Investing in potential. Woodrow, Chaplin, Odour , Brown , Mowatt and possibly Thomas,and William's J should make a tidy sum between them.

 

Anyone else think that they got the club pretty cheap and have a bit of a free roll?

Checking Oakwell holdings accounts shows the repayment of the loans Patrick had in the club of £6.4m and £1m pa over five years. This bought 80% of the club.

No further investment, run the club as a player trading experiment and hope a few years down the line somebody else wants to take on the experiment.

Only time will prove the intentions of the owners but the report card to date is not the strongest.

 

I actually believe you. It's clear they won't spend a penny of their own and they are intent in using club generated funds to only run the club. Profit doesnt come through this trading activity but the future worth of the club. So far i dont think its attracted much valuation growth. They have an overdraft established to cover the short term cash flow on transfers so they dont even intend to sound these 'seasonal' demands. Patrick did put a few quid in every season i believe, even if it was only academy money. I can see the academy being downgraded. The problem is when we talk about experience we can see it applies to the owners not just teh players. There are fundamental errors in judgement and decisions that dont work. I get we make mistakes, what i dont get is we dont learn from them and go merrily along to repeat the same. We all know the definition of insanity. We have seen our name tarnished by alleged racism, drug tests, fall out with other clubs, transfers renegade upon, fights with managers etc. None of which helps the clubs valuation.

 

The reason your post fails is that the people you talk about the multi millionaires and billionaires who are buying clubs
are doing it as a plaything or hobby like the sport
happy to lose XX amount per year / use the club as a vehicle for a multitude of tax reasons loopholes.

Using untaxed profits from other buisness , or offshore untaxed money used as loans which can be loaned at 0 percent if you want and when loan is payed off you can put it in your local bank and it is classed as taxed and have paid zero tax on it.
using companys they own to sponsor the clubs to avoid paying tax and getting a lower tax bill for that company

if it isn't happening some get frustrated and throw more money at it to try to gain that success which they had had in all other areas of there life
And that's where the problems start in a lot of cases for most of them
they are not bad people in general out to ruin football
just get dragged down the rabbit hole

That is not why these people have bought the club
We have been bought by a investment group fund
they have one goal and one goal only to get a healthy return on there investment.
Doubling your money is considered a very good return
all decisions made by them will be guided by that goal
that time frame for that is 5 years Max , only exceptional rare circumstance will a fund every go beyond that.

we have been bought by a group of individuals who have been sold a vision
Mr Conway will have told them what could happen what might happen and expected returns based on those things
They then decided to invest in that vision ,just like you will have been when the person comes round to your house to sell you a personal pension.
no different from you putting money into a pension fund or ISA etc.

billy beane for instance may never have met talked to or wouldn't know if he was sat beside Paul Conway.
just a investment sold to him and he invested in it

They haven't invested in the club to have fun or a hobby, or to win the premier league, although i am sure they would be happy if that happened.
None of them may not even like football
Its investment /Return period
Mid-table championship and sell would have been the best likely scenario pitched to them.

they bought the club for a song ,will use sales , offshore loans etc to pay back the payment plan
if that goes to plan they will get the club for a quarter or fifth of its true value
which was probably dirt cheap below value anyway as the owner was literally running out of time to find a buyer

i am not saying they want us to fail or not get promoted ,but all decisions will be guided by there ultimate goal.
fans crying or threats wont work.
they will go when they have succeeded in doing for what they came here for,
one of the reasons they are targeting football clubs is that football fans are the most incredible loyal people in the world.

As your post rightly says football clubs are money pits
any money you put in is nearly impossible to get back
hence they are not putting any in !!
its too big a risk .
low risk high return

The investment group managers duty/ job is to deliver what the investors which he is one of signed up for
he will not sway from that
obviously he will be on commission and will also get a percentage of the final profit
so its in his best interests to do that.

 

Steve Houghton's a fan and a season ticket holder. How long his influence will carry weight on the Council remains to be seen. I would hazard a guess that with the way the tectonic plates of politics in this area have been shifting the Labour Party will be looking over their shoulders in Barnsley.

 

I know we are going off course here a bit but I think a lot of the traditional labour voters will revert back now Brexit has been started and Corbyn leaves.

 

And once those Labour Party voters that have voted for him realise that he’s Tory First and all this blather about the North is just that .

 

So do you believe they are in it to break-even?