Re: £1.00 : Mon Aug 22, 2022 11:47 am  

Why would he want to sell.
He started with a basket case and by good husbandry and sound economic policies has moved the club to within sight of owning and asset with a value of probably £25 million. There will be some debt to the directors and Council loan to repay but that will shrink to a small proportion of the club's revised value.
Hopefully this will mean that with the improved profile, visibility and presence, the club will be able to attract backers who would wish to be associated with a club very much on an upward trajectory.

Re: £1.00 : Mon Aug 22, 2022 12:11 pm  

wrencat1873 wrote:

Is this still the price that MC is wiling to sell the club for

who in the right mind would buy the club for a quid and take 4.5 million of debt on

Re: £1.00 : Mon Aug 22, 2022 12:13 pm  

FSW wrote:

Why would he want to sell.
He started with a basket case and by good husbandry and sound economic policies has moved the club to within sight of owning and asset with a value of probably £25 million. There will be some debt to the directors and Council loan to repay but that will shrink to a small proportion of the club's revised value.
Hopefully this will mean that with the improved profile, visibility and presence, the club will be able to attract backers who would wish to be associated with a club very much on an upward trajectory.

what happens on the field will grow the revenue its as simple as that.

Re: £1.00 : Mon Aug 22, 2022 12:15 pm  

FSW wrote:

Why would he want to sell.
He started with a basket case and by good husbandry and sound economic policies has moved the club to within sight of owning and asset with a value of probably £25 million. There will be some debt to the directors and Council loan to repay but that will shrink to a small proportion of the club's revised value.
Hopefully this will mean that with the improved profile, visibility and presence, the club will be able to attract backers who would wish to be associated with a club very much on an upward trajectory.

He wouldn't, people were just having a laugh. I think you'll find that there are only two or three posters on here who wouldn't agree with you in general.

That said MC has been fairly honest in stating that he's had enough and wouldn't mind stepping down, he said something similar to me. And I think he would take £1 from the right person. However that's not the same as wanting to flog the club and do a bunk, I think that's the last thing on his agenda. But at the end of the day he's unpaid, the job takes up a huge chunk of his time (more than most of us give to our paid jobs) and he is still fairly young and possibly has other interests he'd like to indulge in.

Re: £1.00 : Mon Aug 22, 2022 12:15 pm  

FSW wrote:

Why would he want to sell.
He started with a basket case and by good husbandry and sound economic policies has moved the club to within sight of owning and asset with a value of probably £25 million. There will be some debt to the directors and Council loan to repay but that will shrink to a small proportion of the club's revised value.
Hopefully this will mean that with the improved profile, visibility and presence, the club will be able to attract backers who would wish to be associated with a club very much on an upward trajectory.

He wouldn't, people were just having a laugh. I think you'll find that there are only two or three posters on here who wouldn't agree with you in general.

That said MC has been fairly honest in stating that he's had enough and wouldn't mind stepping down, he said something similar to me. And I think he would take £1 from the right person. However that's not the same as wanting to flog the club and do a bunk, I think that's the last thing on his agenda. But at the end of the day he's unpaid, the job takes up a huge chunk of his time (more than most of us give to our paid jobs) and he is still fairly young and possibly has other interests he'd like to indulge in.

Re: £1.00 : Mon Aug 22, 2022 12:17 pm  

MOPSEY LIVES ON wrote:

what happens on the field will grow the revenue its as simple as that.

That's wrong, no way can the club thrive until the stadium is viable and fit for purpose. We could win SL next year but until everything else is in place it won't make a jot. People will not come to BV as it was or as it is now, BV upgraded first or you are just peeing into the wind.

Re: £1.00 : Mon Aug 22, 2022 12:18 pm  

FSW wrote:

Why would he want to sell.
He started with a basket case and by good husbandry and sound economic policies has moved the club to within sight of owning and asset with a value of probably £25 million. There will be some debt to the directors and Council loan to repay but that will shrink to a small proportion of the club's revised value.
Hopefully this will mean that with the improved profile, visibility and presence, the club will be able to attract backers who would wish to be associated with a club very much on an upward trajectory.

Sorry FSW, it was an attempt at humour.
It's taken several years to get the club form basket case to where we are now and finally, we are on the verge of new facilities, which are around 50 years overdue.

For the record, MC and Minards, plus Braithwaite before, are owed a huge amount of thanks for stabilising and now taking the club forward and when the new stand rises from the rubble, there should be some feelgood factor to help take us to the next level and I totally agree with your other comments.

Re: £1.00 : Mon Aug 22, 2022 12:21 pm  

MOPSEY LIVES ON wrote:

who in the right mind would buy the club for a quid and take 4.5 million of debt on

The same people who own and run Wigan, Hull, Warrington, Leeds, HKR, and just about every other SL team. In fact 4.5 million of what you call debt would be seen as chicken feed to some of those clubs.

I love how selective you are in your argument, but you like a drama. I assume you are including the loan on BV as the debt? If that's what you think then fine but I'd call that an investment.

Please answer me this. What is the difference financially between paying back a loan on a monthly basis and paying ground rent as an anchor tenant every year?

I'll tell you, the former will eventually stop whilst continually reducing pro-rata due to inflation as time goes by. The latter will never end and will only increase with inflation.

Thus Trinity will soon look rather attractive compared to most clubs. Think about it.

Re: £1.00 : Mon Aug 22, 2022 12:26 pm  

vastman wrote:

The same people who own and run Wigan, Hull, Warrington, Leeds, HKR, and just about every other SL team. In fact 4.5 million of what you call debt would be seen as chicken feed to some of those clubs.

I love how selective you are in your argument, but you like a drama. I assume you are including the loan on BV as the debt? If that's what you think then fine but I'd call that an investment.

Wait 'til he finds out how the soccer business is run!

Indeed lots of business models do it - if you're in debt, you can write of taxes on profits...and lots of other "underhand" benefits.

Re: £1.00 : Mon Aug 22, 2022 12:44 pm  

dboy wrote:

Wait 'til he finds out how the soccer business is run!

Indeed lots of business models do it - if you're in debt, you can write of taxes on profits...and lots of other "underhand" benefits.

Have to say the naivety and sheer lack of vision amongst some staggers me at time.

I'm not talking on field that's always in flux but it's clear to see the strides being made off the field if you just look.

The club has been restructured and is barely recognisable from the basket case it once was. Yes it's still not ideal but its obvious that the remedies are now in place. All the platforms for future financial success are in there in plain sight.

A ground that will eventually be ours and has almost certainly climbed in value and can now be considered an asset in its own right.

A playing squad within budget.

A fully funded Academy.

12 million pounds of free money!!!! People need to get it through their noggins that we have received this cash injection for nothing. It's OK bemoaning NM but that too was a freebie, the club itself would have paid nothing towards its construction, just its upkeep. We have been given the money and we are not being asked to pay it back or even add to it unless we want to. Our friends at Cas would love to be where we are now, but hey, let's still find a negative.

I can accept all day long as to why folk aren't happy with the on-filed but off-field just baffles me, it's either a form of blindness or malice, I'm never quite sure which.