Those people have to have some credibility though to get that funding and usually that’s either a proven track record of assets.
Not necessarily a track record, more an angle of how someone is going to get richer and how they will protect the downside. Conway has been involved in a couple of IPOs (though i think Lee had bowed out of his hotel group when they did the big cap raise) so there is history for them and a base of contacts. There is obviously some strategic aim (though thats never been shared and is unlikely to be) behind them snaffling up small clubs across Europe for very modest amounts (the exception being Nice which they no longer own). But we don't know how they are funding these acquisitions. It may be the same strategy as buying players. Make a return, sell, buy another, out proceeds to the next and repeat to fade. It could be a whole host of things. But at this time its as transparent as the investment itself.
Post meant to say track record or assets. Ultimately investors invest in people, they look at the person, have they a track record? Have they assets to secure against? Have they a good enough credit rating? The thing with Conway, is he made his name in the Banking industry working for Investment firms etc. What we will never find out is he could have an amazing record of getting returns(or not) for Investors and ultimately his companies. That alone would encourage the right people to invest in him and/or his ideas. I agree there is no transparency over the funding.
It can help, but I've seen many deals which were punts on an idea, not a person. What does tend to happen is that you get regular cliques who enjoy working together and shape multiple deals over time. And what may appear to be a bad turnaround investment can actually be highly lucrative and generate reward for numerous groups involved. It's a grim sector and one I wish i'd had less exposure to in all honesty.
I do find it strange that they think we’re so rich, when they pretty much bought our team not so long ago. We’ve bought clever, I don’t know how our scouting system works.... bit it definitely does at the moment! If we were so rich, why would we sell them a player when we were trying to get promoted to the championship?
It says a lot about the mentality, 1-0 up, couple of minutes left, fighting to regain possession in the opponents half, decent passing to find a player making an intelligent run and a fine finish. I can think of many occasions in the past where, from that position, it would have been 11 men back behind the ball, an eventual back pass, then hoofed to the corners.
The strange thing is, we do the corner thing really well too! It all depends on the situation, which is great. I've been really enjoying Brad Collins recently. His timewasting is spectacular. I disagree with it on principle, and my personal opinion is that refs should add on all the time lost, but it's impossible to ignore the fact that he seems to have elevated it to an artform.
Sorry Danny, my comment was an attempt at jest , no doubt you are right , I will probably stick to my day job !
Its irrelevant how much money they have if there not putting it in the club. Its not like Bournemouth who's owners bought them their promotion to the Premiership or wolves.
I don’t think we actually plead poverty. We accept that others splurge more money than they have coming in and make the point that we do if a different way, and make some of their spending look pointless.
Who's said poverty? My point was it doesn't matter if Bill Gates, John Dennis, chein Lee, me, you or a bloke who works in aldi owns barnsley fc if the owners aren't putting any of there own money in it doesn't matter.
I dont believe we've survived the season off Strubers compensation, Brown's installment and discounted season tickets.
The above payments don't even cover the wage bill for a year. We'll find out when the accounts come out.