Who would buy BFC.....

Luton have managed it so far though, so it is possible.

 

That can't be PC as weren't we sponsored by Isoft when we went in to administration?

 

True and I'd hazard a guess that Luton pay more than us in wages.

 

In hindsight, that looks to me like a failure on their part, in not properly identifying "all the better-off supporters" as they thought they had.

 

Using Luton as an example, they made profits of £9m on player sales in their accounts to June 2020.

Without player sales they were looking at a loss of around £5.5m. The prior year they lost £2m despite £2m of player sales profit admittedly in league one.

Running a championship football club, being competitive and not losing money is not easy!!

 

Current 80% owners have “spent” £6 million on buying us and nothing on transfers and were 3 games alway from getting their hands on £170 million.

 

Could be, couldn't it? I think the gentleman in question was somewhat sceptical of PC's attachment.

 

It ended up being a much more expensive rescue for PC in the long run, with the Sterling Consortium loan to settle.

 

How does they interpret involved ? Wasn’t Patrick’s company involved in sponsoring the club long before he took over ?

 

Interesting, thanks for that.

 

I just wonder what's underneath Oakwell that's so good that people bought mineral rights to it and nobody is willing to give up their stake in the land? I've a conspiracy that saving Barnsley F.C was nothing to do with the football club. It was more to do with separating it from the land. Who can still make money from the land even though the club has been sold?

Was it safeguarding the club? The club is struggling now as a result of nobody wanting the club itself. Just the perks that should have come with it.

 

Derby sold their ground for about 80 million didn't they? And our ground could be sold to new owners too.

 

The existing club owners (80% anyway) don't own the ground though, so it can't be sold to new owners.
All they can sell is the club and it's assets.

 

True, but with the possibility of ownership of the ground surely? Or at least 50% of it?

 

Would you buy into it?

 

As Archerfield points out, Luton showed profits on player sales of £9m in their 2020 Accounts. They operate the same strategy as we do. They are simply at a different place in the cycle. They have re-invested past profits on new players, but the cycle continues to run, and their investments have to pay off. Otherwise they move into the next part of the cycle. That is where Barnsley is. Our recent investments are not generating the profits necessary just to stand still and we have started going backwards. We need another John Stones in order to restart the cycle, but those are not easy to find and until we do so, we will find it hard to hold our place in the Championship. The cash looks as though it has almost gone, and we look like we are going to be relegated. There are probably very few options, other than cutting costs and waiting and hoping for another John Stones. I do not see any other viable plan for Barnsley, but I am open to new suggestions if anyone thinks they have one.

 

If you look at their salaries, they seem very similar to ours.
Highest is just short of £10k(1 player), main difference I can see is that nearly all of them are in the around £5-6k a week bracket with the odd exception less and 2 on more.
We have quite a few around them similar bracket but also have more on less.

Barnsley £6.8m
Luton £6.2m

In short, appears to be very little between us on average.

 

No prospective new owner would consider buying BFC until the OCAL ownership of the stadium and the surrounding land is resolved. Ambitious owners would want to develop the west stand, but they will not want to do it as leaseholders.

 

I don't think so. We're talking decades ago now after all.