Actually I dont thanks very much - I can convince myself its OK for a Barnsley Supporter to throw some money at the club - though I would prefer us to be self sufficient. but some rich foreign owner who only pickd us because we were availlable doesnt fill me with any enthusiasm also it doesnt allways work out well anyway - ask Portsmouth and Blackburn fans..
I think more have worked than haven't. And with regards to the stadium if the price is right and it moves the club forward then definately, it'll still be known as Oakwell by the fans.
So where do the financial fair-play rules fit into all this? Even Alex Ferguson is preparing United for the changes, is it at all worth investing external capital if it is soon to deemed illegal? I'm more confused than usual.
Yorkshire based investor is hemmsy! He's been renting his mum out for years to stick his mate's stickers into their albums. He's finally got the £1 he needs to trigger the sale - his first job will be to appoint bobby as tea lady! Anybody who has disagreed with him will receive an immediate ban from oakwell - this will see attendances fall to around 20! You heard it here first!!!
Fans would still call it Oakwell. The owner would likely do a Man City by using his own company to sponsor his football team and accept from himself a silly amount of money to get around the fairplay rules.
Why all the negativity to this. Barnsley are a really good investment for any group. Barnsley council would sell if PC said it was good. So your only really talking to Mr Cryne who wants the best for the club. If someone wants to buy barnsley then lets be pleased.
The only problem I can see here and correct me if I am wrong, apparently PC wants £1 million for the club now, but then wants the £6-7 million he has invested in the club up to now back if we get back to the premier league, now that values the club at £7-8 million in real terms. Now if I was buying the club I would have issues with this. and I'll explain why, Why would anybody want to come into the club, invest money to get us up to just then give PC the money he has previously invested back. it would be like buying a house off somebody that needed a new kitchen bathroom and general sprucing up, if its worth 60 grand, its worth 60 grand, the owners you are buying it from might have spent 30 grand on it around 10-12 years ago, on new kitchens, bathrooms, fitted bedroom etc which are now looking a bit tired and need replacing, they can't then turn round and say I want 60 grand for the house now and you can pay to do it up and when its worth more you give me back the 30 grand I invested in it years ago. For me the only way you can ask for or expect to get your full investment back on something is to maintain it. If the owners of the house maintained it properly and replaced/repaired broken doors, bathroom, fixtures and fitting etc, they may get closer to the 90 grand they want, which recoups the money they invested.
so £6-7 million pounds isn't a lot, it may cost £15 million pounds of investment to get us back there, look at it on percentages and based on real mans' terms using my example, you are saying 7 million pounds isn't a lot, its abut 8% of £90 million I think, if you paid do do work to your house and it was now worth 90 grand instead of the 60 grand you bought it for would you be happy in giving 7 grand to the previous owner after you apent around 15 grand to up the value of your house?? I think not
Isn't the whole point that anyone (except very rare cases) who invests in football clubs will want that money back at some point. Which is exactly why football clubs end up getting knackered by investors. Because at some point they will turn round and say "all that money that I spent, out of my pocket, which was completely unsustainable, well I want it back". At which point the club can't afford to repay it because they don't generate enough income to support it. And then they go into administration. Or go out of business. Which is exactly why we should try and run the football club by breaking even.
What the blummin eck has it got to do with a house? The club is debt free, you go and try to buy Bolton Wanderers and see how much you have to stump up. Look at it more like a transfer fee with add ons based on appearances and success levels. Bloody house!
if you have to pay PC back for past investments which I can only assume will be interest free loans or whatever the club is not debt free, the club owes PC £6-7 million......if the club has no debt whatsoever that means PC has had is £6-7 million back and the club only has a value of the value of land owned, value of players and other assets + something to do with the amount of turnover or profit, not 100% sure how it works.
But the club is worth much more than a million pounds. We could get twice that for John Stones tomorrow, even now. Patrick wants 1m for the club, which at one stage he was underwriting 3m annual losses. It is debt free and primed for investment, hence the low asking price based on the proviso money goes straight into the team and infrastructure. Should the new owners be successful and achieve promotion then Patrick gets back the money he pumped in to keep the club afloat, which is not unreasonable and should not deter a potential buyer if their intentions are honourable - which in a subtle way, is what this clause is testing. As is the fact that part ownership remains with BMBC in perpetuity.