BFC cash injection

If this is the case, then all of the people who made this possible, should be applauded.

Whilst the FA Cup fixture might be a c@ck-up for the away team, this news shouldn’t be underestimated. It potentially means the end of any meaningful involvement by Lee & Conway etc.

They have put their money where their mouth is, and worked hard at it.

 

The owners of the club were not fully disclosed at the time of the takeover. Conway made out he was the owner when in fact he was a proxy for a number of sub-investors. By not disclosing this the takeover was in breach of EFL rules.

 

I don't think anyone could really grumble at Neerav, in particular, since he became Chairman. In the period since April 2022 he's put in, off the top of my head, a cool c. £4.6m of his/his family's money.

 

And he's introduced it as capital and not loans.

 

A further cash injection by the owners has been made during August/September 2024. This again takes the form of equity finance.

Details of the total sum and who put in what are not yet available on the Hong Kong system but I will update when that is published.

 

NB. From UK Companies House, it looks like a total of £3m new cash into the football club.

 

At least it's equity, and at least its diluting pmg and Lee.... But I think we should also be concerned that we're not getting to grips with our cost base.

I think their primary effort is to dilute the former owners stake to the point they sell completely. I'm not sure there is much investment value for them for a long time given they've given up the ground to the council and put so much equity in.

Football. Where owners have more money than sense.

 

Yes, if this latest sum is £3m then that's £13.2m off the top of my head.

 

Did they inject capital or just buy 3 pints of Carling from the Fan Zone?

Anyway, their investment is very much appreciated.

 

The fact they’ve invested £3m into the club again, and taken as shares, perhaps shows why beer prices etc are higher.

I know it’s not ideal, but if we are ‘One Club’ then the increase on beer etc is a way fans can choose to put a little extra into the club (or not).

The owners wouldn’t choose to put £3m in unless they had to - they’ve done their bit, and so we as fans have to do ours if we can.

 

£13.2m of equity injections in the last 18 months hopefully dispels the myth that the owners are filling their own pockets.

No doubt the equity injection will help with cash flow but also meeting FFP.

Given that the nominal equity has just doubled, if PMG and Chen have not taken up their rights they now represent less than 10% of the equity of the club in aggregate.

 

Now all we have to do is get this message to the “fans” on X!

 

Kinda worrying that they again feel they need to pump a few million in to the club. They can't be getting on top of our expenditure.

 

Seems to me that the goal is still the same after 2 near misses. Getting to the Championship and the increased revenue.

 

Wonder if they'll ever consider or have possibly tried attracting new investors? Its a tough one I guess saying to someone hey fancy investing in this football club that's losing circa £3m/£4m a year, promotion to the championship with increased broadcast revenues would make us much more appealing.
Let's hope DC and the lads can get us there

 

I still don't understand where the money from Anderson and Kitching has gone.

 

We've just probably seen the last of the championship wages with Cole and Kane departing, they'll have no doubt cut the wage bill significantly and shows why we have to operate prudently in the market, but unfortunately as is with everything in footballwages, they continue to rise.

 

We probably haven’t got it all in yet

 

Contracts generally have wage cuts/rises depending on the league we are in. So nobody should have been on championship wages since we've gone down.