Let's Just Get On With Selling The Club
#1
Posted 12 February 2017 - 12:22 AM
If Allen is serious about selling the club let's just get in with it and prioritise doing that. For a start let's see some proper advertising of the club being up for sale and secondly let's market it at it's true value as an insolvent club.
#2
Posted 12 February 2017 - 12:26 AM
Ernie Ernie Ernie, on 12 February 2017 - 12:22 AM, said:
If Allen is serious about selling the club let's just get in with it and prioritise doing that. For a start let's see some proper advertising of the club being up for sale and secondly let's market it at it's true value as an insolvent club.
SECONDED, apparently i'm out of votes for the day so someone give ernie a greenie
This post has been edited by jack bauer: 12 February 2017 - 12:27 AM
#3
Posted 12 February 2017 - 06:11 AM
#4
Posted 12 February 2017 - 07:59 AM
#5
Posted 12 February 2017 - 08:02 AM
#6
Posted 12 February 2017 - 08:34 AM
Between The Sticks, on 12 February 2017 - 08:02 AM, said:
I'd hazard a guess at a further 1.5 mill of debt to cover and the few mill he delusional thinks we'll get for Ched.
#7
Posted 12 February 2017 - 08:35 AM
Why, because who in their right mind would want to spend anywhere near 15 mil.
I can't see the logic though, his value is going to drop like a stone in League 2 so he will get nowhere near his valuation.
Surely it would have benefitted him to spend in the January window to keep us up ?
#8
Posted 12 February 2017 - 08:39 AM
Ernie Ernie Ernie, on 12 February 2017 - 12:22 AM, said:
If Allen is serious about selling the club let's just get in with it and prioritise doing that. For a start let's see some proper advertising of the club being up for sale and secondly let's market it at it's true value as an insolvent club.
Spot on.
If you take Allen's position at face value, the question has to asked, why he doesn't see this mess as one big liability to him and his family?
Why does Allen value his position as the owner and the football club itself so highly? What are the benefits of owning a business which is monumentally broken in every way possible?
This post has been edited by freelander2: 12 February 2017 - 08:48 AM
#9
Posted 12 February 2017 - 08:49 AM
freelander2, on 12 February 2017 - 08:39 AM, said:
If you take Allen's position at face value, the question has to asked, why he doesn't see this mess as one big liability to him and his family?
Why does Allen value his position as the owner and the football club itself so highly?
Your into this, and have research on Sheffield Wednesday, often citing comparisons. In layman terms for those not so knowledgeable what exactly happened at Hillsborough. I always thought he was hounded out for wanting to run the club on profitable basis and not blow loads of money. Is this view wrong? Was Carson involved and what's his relationship to Allen?
#10
Posted 12 February 2017 - 09:17 AM
The Gimp, on 12 February 2017 - 08:49 AM, said:
It they wish, people can read, research, and form their own conclusions, as some of us have.
What I will say, I don't feel at all comfortable with how the club has been run or with some of the individuals who are involved.
#11
Posted 12 February 2017 - 09:54 AM
freelander2, on 12 February 2017 - 09:17 AM, said:
What I will say, I don't feel at all comfortable with how the club has been run or with some of the individuals who are involved.
What makes it worse is that DA could so easily have made himself an absolute hero here.
#12
Posted 12 February 2017 - 10:02 AM
Mr Mercury, on 12 February 2017 - 08:34 AM, said:
He gets some hammer on here (just like the rest of us who stick their head above the parapet) but to his credit Les Ashmore made a good point at the AGM: does every extra quid DA loans mean the price goes up by that amount too?
It's potentially a very vicious circle.
#13
Posted 12 February 2017 - 10:03 AM
freelander2, on 12 February 2017 - 08:39 AM, said:
If you take Allen's position at face value, the question has to asked, why he doesn't see this mess as one big liability to him and his family?
Why does Allen value his position as the owner and the football club itself so highly? What are the benefits of owning a business which is monumentally broken in every way possible?
Presumably it's because he has been advised that his total investment has not crossed the red line that indicates he can't get it back through a sale. Meanwhile, interest payments give him a handy income.
Any idea what his net investment result was at Wednesday?
This post has been edited by dim view: 12 February 2017 - 10:04 AM
#14
Posted 12 February 2017 - 10:12 AM
dim view, on 12 February 2017 - 10:03 AM, said:
Any idea what his net investment result was at Wednesday?
Problem is that's a very fluid line and only a potential purchaser can decide where it is.
And whilst it's claimed Allen's wealth means he must know exactly what he's doing his performance at Town tells us otherwise.
He's human; he's fallible; he makes mistakes.
Unfortunately our club is suffering as a result of those mistakes.
#15
Posted 12 February 2017 - 10:17 AM
Between The Sticks, on 12 February 2017 - 08:02 AM, said:
This is a whole sorry state of affairs and yes, what's happened to £9million? In a years time it will be 16 million. Our only hope is from the middle east!! at this price anyway.
#17
Posted 12 February 2017 - 12:55 PM
Elton John 1866, on 12 February 2017 - 10:17 AM, said:
Sorry I just don't have that sort of cash...
#18
Posted 12 February 2017 - 01:08 PM
Bowzer spirey, on 12 February 2017 - 08:35 AM, said:
Why, because who in their right mind would want to spend anywhere near 15 mil.
I can't see the logic though, his value is going to drop like a stone in League 2 so he will get nowhere near his valuation.
Surely it would have benefitted him to spend in the January window to keep us up ?
Is it possible to shift money about so that it becomes, let's say 'lost' to the business? Just asking like.
#19
Posted 12 February 2017 - 01:15 PM
Ernie Ernie Ernie, on 12 February 2017 - 12:22 AM, said:
If Allen is serious about selling the club let's just get in with it and prioritise doing that. For a start let's see some proper advertising of the club being up for sale and secondly let's market it at it's true value as an insolvent club.
I don't think there is any interest in selling the club unless it is for the big money. There is an end game for DA in that if he secures the ground he can grind us into the floor with rent charges similar to Coventry. I honestly feel that there is bitterness towards us because we haven't just sat back quietly and allowed the status quo to carry on in the manner thats been uncovered.
There is a complete lack of acceptance from the board as to there lack of business acumen whilst running our club. As fans we take the good times but at the end of the day you never understand the true state of the business as regards profitability. DA has recently said the stadium haemorages costs ? does that include all the non football wages. They have entered into a ground maintainance deal - I'd love to know the costings against Ant and his team but here again the old boys network whisperings rear there ugly heads.
Then you look at all the stadia concerts and there end result profit wise. We seem a soft touch for anyone who comes in and promises the earth, it's a conmans dream.
Finally on the playing side, look how we changed managers at the Proact, if we are haemoraging loses how bonkers are those decisions.
If there is a genuine intention of finding a buyer we'll do very well to get a deal whereby DA has no involvement.