Re: Ground : Tue Dec 31, 2019 11:13 am  

Redscat wrote:

I support a football club not a million miles from Wakefield that was taken over a couple of years ago by a Chinese/American group of "Investors"
It has become quite clear to supporters that the investors have nothing more in mind than to take as much money out of the Club for themselves by signing promising youngsters then selling them on in a couple of years time and pocketing the profits without any respect for the feelings of the fans and the heritage of the area or the club. Success on the field seems obviously of second importance to the new owners than swelling their pockets.

When Aston Villa went up into the premiership I don't know how people get to know these things but the Barnsley owners then became the richest owners outside of the top league, and probably richer than half of those in the premiership, but to be fair to the owners they have never made a secret of what their intentions were from the start and that was simply to make a profit and not pour it back in, hopefully nobody comes knocking from tomorrow for the next month, not sure if your aware redders but that same rumour mill says they've got £6million to spend in this window aye I'm same as you I'll believe it when I see it

Re: Ground : Tue Dec 31, 2019 4:58 pm  

little wayne69 wrote:

When Aston Villa went up into the premiership I don't know how people get to know these things but the Barnsley owners then became the richest owners outside of the top league, and probably richer than half of those in the premiership, but to be fair to the owners they have never made a secret of what their intentions were from the start and that was simply to make a profit and not pour it back in, hopefully nobody comes knocking from tomorrow for the next month, not sure if your aware redders but that same rumour mill says they've got £6million to spend in this window aye I'm same as you I'll believe it when I see it

6 million, you might get the left leg for that

Re: Ground : Tue Dec 31, 2019 7:00 pm  

little wayne69 wrote:

When Aston Villa went up into the premiership I don't know how people get to know these things but the Barnsley owners then became the richest owners outside of the top league, and probably richer than half of those in the premiership, but to be fair to the owners they have never made a secret of what their intentions were from the start and that was simply to make a profit and not pour it back in, hopefully nobody comes knocking from tomorrow for the next month, not sure if your aware redders but that same rumour mill says they've got £6million to spend in this window aye I'm same as you I'll believe it when I see it

Quite right wayne, lad. The owners of Barnsley FC have, as you probably are aware, already been the owner of a quite successful French football club ie Nice, and asset stripped the club, left it floundering and now abandoned it. Chien, Conway et al have absolutely no regard for the club and what it stands for other than it being a cash cow and increasing their billions. The sad part of the new Barnsley ownership is that one of the owners is the son of the former owner, Patrick Cryne, and he seems to have bought into the "buy to sell ethos".
Anyone who "invests" in Wakefield Trinity from outside this area would treat the club in a similar manor. I'm sure that anyone wishing to "invest" in RL would certainly put Trinity at the bottom of their wish pile.

Re: Ground : Wed Jan 01, 2020 11:40 am  

Its not in the too distant past that we had people taking money out this club by way of inflated salaries.

Re: Ground : Wed Jan 01, 2020 12:11 pm  

charlie wrote:

Its not in the too distant past that we had people taking money out this club by way of inflated salaries.

And nepotism.

Re: Ground : Wed Jan 01, 2020 12:51 pm  

Wollo-Wollo-Wollo-Wayoo wrote:

And nepotism.

Nice word Wollo and I’m afraid was true.

Re: Ground : Wed Jan 01, 2020 12:52 pm  

I think anyone thinking of investing in a RL club, with a view to making a profit, especially at the likes of Wakefield, would be extremely naïve. I would imagine MC and other investors would be glad to break even!

Re: Ground : Wed Jan 01, 2020 7:51 pm  

Just seen an article where HKR are buying their ground and adjoining land back from the council for £1.9 million.
No other details.

Re: Ground : Wed Jan 01, 2020 7:53 pm  

trinity374 wrote:

I think anyone thinking of investing in a RL club, with a view to making a profit, especially at the likes of Wakefield, would be extremely naïve. I would imagine MC and other investors would be glad to break even!

i think from what we have seen and heard from MC over the last few years that he quite clearly has Trinity's best interests at heart and truly loves the club. He's appears to be quite willing to stand a few minor financial losses, and I think this is quite common in RL in general, and to an extent in AF clubs, but overall I think investors in the latter are in it for the money.

Re: Ground : Thu Jan 02, 2020 8:08 am  

trinity374 wrote:

I think anyone thinking of investing in a RL club, with a view to making a profit, especially at the likes of Wakefield, would be extremely naïve. I would imagine MC and other investors would be glad to break even!

Nobody has ever made money from owning RL club directly that’s for sure. However indirectly well that’s a different story. All sports or riddled with chancers and hangers on who operate on the fringes, rarely are they the people who actually run the clubs.

Ted Richardson employed his offspring that’s true, Glover used the club as some sort of personal members club, yet both will have lost money.

I think the true test for any investor is not to break even but to know that all the money you lost went to the right places. So far MC seems to have the edge by some way.