Paul Conway on Football Heaven

So they aren't going to put every pound back into the club??

 

And I missed the part where he said we'll be putting every pound back into the club for a bit and then skimming off the profits

 

if they don't use any more of there own money apart than the initial amount they bought the club for ,which i believe they wont.
And buy from the bottom end and sell mid range
also paying themselves dividends per year
use tax incentives and money from sales ,sponsorship etc to do the club up.
try and push the club up the leagues and make it seem a attractive proposition to buyers , then yes they will hope to find a Rich owner who wants a Toy/ football fan probably from Asia.

 

For now. But Conway and Chien haven’t got 90 years of life left, so as a guess it’ll get to a point where they will take a dividend or sell.

They are not a charity nor is the investment fund a charitable trust.

HMV, House Of Fraser, Debenhams. These are recent examples of where businesses have or will be bought to turn-around and eventually take money from.

 

Yep. In my opinion though if that's their plan then they missed a real trick by not being clear about that

 

Bournemouth and Burnley got themselves massively in debt chasing the premier league. Burnley at one point were 88 million quid in defecit. Hoyle at Huddersfield spent at absolute fortune.

 

What were you expecting them to say ?
They are saying what people want to hear.
Using words that you hear at business conferences ,Synergy ,Visions.....

 

So we're dismissing what he said

 

He hardly spent a thing to get them promoted to the premier league. It was more down to Wagner than him who got them there with a minus goal difference and without scoring a play off goal in their three games.

 

Bournemouth have done it so have Burnley there stacks of cash to be made for them.

 

They don't have to skim the profits to make money, they can simply sell the club at a significant profit in the long term.

 

I thought we cost a lot less to purchase. Based on Billy Beane purchase of 10% of the Shares for £500k.

 

You make it sound so easy. Have you got an example of someone who has made money from buying and selling a football club?

 

It was bought as a Championship club. Paul Conway spoke of getting us back to the Championship and establishing us as a midtable team. There was then an admission that becoming a top championship team was a different kettle of fish entirely, with no mention of how we would bridge that gap.

So, if they do manage to fulfill the ambition and establish us as a midtable Championship team, how much will we have actually progressed from the point at which we were bought and how significant would the profit be considering it would still take massive investment to raise us to a top championship team? Particularly as we were basically for sale for 10 years prior to the current consortium taking over with very little credible interest during that time.

 

I do believe that was the point I was making. Seems weird having it explained to me.

 

I’m not an accountant but I don’t think “soft debt “ is a GAAP term....care to enlighten?
Also taking a purely transfer based income measure, has anyone done a profit and loss guestimate from the time of Stones until the takeover?

 

I disagree, they had a wage bill that would dwarf anything we ever spent.

 

Ken Bates

 

So I think we can now put the Potts sale to bed. If the Not for Sale sign was up then it must have been Pott's decision, and a release clause, that allowed him to leave and so soon in the transfer window. He wanted to go, and I still suspect the stick that he got from some sections of fans when he first arrived was a factor in tthat.

 

Was it? Didn’t read like it mate.

Anyway, for me, I see it that they will reinvest profit to get the club built up to a level where they can make a larger profit to withdraw or sell the club.

I made a point on another post, for which you might agree - it’s a shame Giddings didn’t push PC on his comment when asked about a top 6 push. PC referred to a period of stability in mid-table obscurity in the Championship. As this would help with planning and funds, as well as attract more Young players (which makes sense and we’d all agree with). PC then said getting into the top 6 was a different ball game.

Is the top 6 different as they won’t throw money it, or does that signal the end of their journey if all other criteria is fulfilled? Ie sell it for a profit?