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TrickyTrotter

FV Ownership Model

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8 minutes ago, Sluffy said:

There is the little matter of the repayment of a £20m loan against assets (£40m if you believed the football financial guru Maguire) due in three years time, that no one seems to have taken into account.

I would suggest we certainly aren't going to be clearing a profit in excess of £20m (plus interest) in the next three years whilst the club is floundering in the third /fourth tiers of the football league.

Perhaps by then it is envisaged that we will be a far more settled club, with a decent set of owners who are far more approachable and amenable to any prospective buyers, who could pay enough to give fv a bit of profit, and move the club further.

Or maybe they'll see a happier club going the right way and look at ways of refinancing over a longer term and see where it takes them.

Who knows, and frankly, at the moment who cares- nice to watch a bit of decent football.

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20 minutes ago, Sluffy said:

There is the little matter of the repayment of a £20m loan against assets (£40m if you believed the football financial guru Maguire) due in three years time, that no one seems to have taken into account.

I would suggest we certainly aren't going to be clearing a profit in excess of £20m (plus interest) in the next three years whilst the club is floundering in the third /fourth tiers of the football league.

Investment into and improvement of the academy is relatively cheap to fund.

Income from transfers is the only way (I can see, in the current situation) that clubs similar to BWFC  have of getting out of the debt trap of the EFL, without further external investment  from a benefactor. Everything else just kicks the can down the road.    

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37 minutes ago, Casino said:

depends if we flog the hotel and the stadium and loads of land

 

do keep up

Keep up - that was the very point I was making???

We aren't going to clear a profit of £20m plus on the football side so we either have another benevolent owner who is willing to fund the club from their own personal wealth as Davies did or there has to be some sort of development and sale of assets such as land and/or stadium.

If people don't want to be bothered about the financial side of the club then that's fine but the reality is that unless we have found another Eddie that the financial side will directly determine what is achievable player wise and happening on the pitch - in regards to servicing and repaying the £20m loan as well as trading at a loss/breakeven/small profit for the next three years.

We aren't going to be selling the academy kids (no matter how good we believe they are) for millions whilst most of them are still under the age of twenty one and playing third/fourth tier level football and we won't be able to throw much money into the transfer pot to buy ourselves out of the divisions.

Our financial position will out of necessity overshadow anything that can and does happen on the pitch.

I'm not trying to be negative but simply trying to explain the reality of where we now are.

Personally I've always enjoyed our progress from the lower divisions going up than the many years we've had in the past clinging on to staying in higher leagues and plunging down them.

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1 hour ago, Sluffy said:

 

If people don't want to be bothered about the financial side of the club then that's fine but the reality is that unless we have found another Eddie that the financial side will directly determine what is achievable player wise and happening on the pitch 

Our financial position will out of necessity overshadow anything that can and does happen on the pitch.

Personally I've always enjoyed our progress from the lower divisions going up than the many years we've had in the past clinging on to staying in higher leagues and plunging down them.

Eddie Davies didn't spend any of his money in the transfer market the last time we were promoted to the Premier League
 
After the play off defeat at Ipswich  the club sold Claus Jensen for £4 million, Eidur Gudjohnsen for £4 million and Mark Fish for £700k.
 
The major incomings that summer were Per Frandsen and Michael Ricketts for £2 million combined.
 
Ken didn't make as much profit in the transfer market the season he sold Madine
 
It was a top manager rather than a sugar daddy that got BWFC into the Premier League during Eddie Davies' time.FV just need to find the next Rioch and Allardyce
 
 

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23 minutes ago, Roger_Dubuis said:
Eddie Davies didn't spend any of his money in the transfer market the last time we were promoted to the Premier League
 
After the play off defeat at Ipswich  the club sold Claus Jensen for £4 million, Eidur Gudjohnsen for £4 million and Mark Fish for £700k.
 
The major incomings that summer were Per Frandsen and Michael Ricketts for £2 million combined.
 
Ken didn't make as much profit in the transfer market the season he sold Madine
 
It was a top manager rather than a sugar daddy that got BWFC into the Premier League during Eddie Davies' time.FV just need to find the next Rioch and Allardyce
 
 

The game has changed quite considerably since then. The money in the championship means its very very rare that a side without money to spend will go up. 

Football landscape is totally different. Its why Allardyce hasn't rushed to go back in - doesn't matter how good a manager you are if you're bottom end of prem or in championship without either a good squad or competitive budget its very hard now. Unlike his hey day where there were free bargains that could take you into Europe. 

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1 minute ago, jules_darby said:

Great appointment. FV continue to impress

Yes I am happy with this appointment same old muppets will be along soon to call fouls because he’s PG son.

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58 minutes ago, Roger_Dubuis said:
Eddie Davies didn't spend any of his money in the transfer market the last time we were promoted to the Premier League
 
After the play off defeat at Ipswich  the club sold Claus Jensen for £4 million, Eidur Gudjohnsen for £4 million and Mark Fish for £700k.
 
The major incomings that summer were Per Frandsen and Michael Ricketts for £2 million combined.
 
Ken didn't make as much profit in the transfer market the season he sold Madine
 
It was a top manager rather than a sugar daddy that got BWFC into the Premier League during Eddie Davies' time.FV just need to find the next Rioch and Allardyce
 
 

Err, thank you for your comments I guess, although I'm not absolutely sure of the point you are making from events of 20 odd years ago?

The point I was attempting to originally make was that a financially secured club determines ultimately what happens on the pitch - Christ have we learned nothing at all from Bury's demise and our squeaky bum escape from the same fate?

In the league we might have started on minus 12 points but as a business the club in real life also started on minus £20m, which needs to be found and paid back when it becomes due in three years time.

It's not unreasonable to believe that wont be achievable by footballing endeavours alone - with or without a Rioch or Allardyce - particularly at third/fourth tier level? 

Bury got promoted last year remember for all the good it eventually did them in the end!

So either we need to have a benevolent owner in the Eddie Davies mould willing to defer or write the amount off, or more than likely develop and sell assets such as the stadium and/or land.

I humbly suggest therefore that the financial driver for the business is more likely to be focused away from the pitch than on it.

That's all I've attempted to say.

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"I'll not be returning and a lot of fans will feel the same"

It's time I came off that BWFC and Proud group, utter diarrhoea.

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14 minutes ago, Marc505 said:

"I'll not be returning and a lot of fans will feel the same"

It's time I came off that BWFC and Proud group, utter diarrhoea.

The Gartside name is a ready made excuse for some "fans" who had run out of excuses not to go to games ....fuck um , either support the club or don't .

 

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Don’t know anything about the lad but seen a few sensible people who think it’s a good appointment.

FV haven’t done anything to make us think we can’t trust them so if they feel he’s a worthy appointment on his own merits then good luck to Andrew

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5 minutes ago, burnden said:

The Gartside name is a ready made excuse for some "fans" who had run out of excuses not to go to games ....fuck um , either support the club or don't .

 

Exactly, they can go and never come back as far as I’m concerned, same as the megson, freedman, Parky not going mob, Take your shite support elsewhere. 

Edited by Mounts Kipper

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As long as the people behind the scenes are doing their job and taking the club forward I have no problem who they are, those people threatening to boycott aren't coming to games anyway, it's all bullshit.

We have shifted 8.5k season tickets, the football is getting better on the pitch, the atmosphere at home games is the best it's been for years and some so called fans are still finding a negative. The football on the pitch is all that matters, turn up, support the lads and hopefully that support will transend to the players on the pitch and breed positive results.

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A very very smart guy with Wanderers at his heart. What's not to like.

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3 hours ago, burnden said:

 

Is it telling that his appointment is in regard to the hotel only and he seemingly will have no input on the football side? We should not forget that the hotel was critical to FV; if they didn't get the hotel they didn't want the football club.

If the football club cannot sustain itself financially it is difficult for me to see the hotel being profitable enough to fund the football side either. So, what gives? My wild guess would be that the hotel ceases to be a hotel and is transformed into a block of high-end executive apartments. Sharron has previous business experience in this area, presumably with lucrative profits. She has to have something special to tempt in investors with no links to the club. They want a return and this is an area where Sharron had a track record. Depending on how many units there are, you could be looking at prices in the millions.

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A residential football stadium situated on an out of town retail site?

Never mind about how and when they would be able to undertake such a massive refit scheme with the club playing there over a nine month period each year and the up front costs required before even a single unit is sold?

A wild guess indeed I would think.

Would it not be more logical to think that Gartside being appointed directly to focus on the hotel (as the Chief Operating Officer) that the plan might be hotel related in someway - possibly by building an annex to provide more rooms on one of the car parks perhaps, funded by a sale and leaseback of the stadium for football purposes?

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18 minutes ago, Sluffy said:

A residential football stadium situated on an out of town retail site?

Never mind about how and when they would be able to undertake such a massive refit scheme with the club playing there over a nine month period each year and the up front costs required before even a single unit is sold?

A wild guess indeed I would think.

Would it not be more logical to think that Gartside being appointed directly to focus on the hotel (as the Chief Operating Officer) that the plan might be hotel related in someway - possibly by building an annex to provide more rooms on one of the car parks perhaps, funded by a sale and leaseback of the stadium for football purposes?

Sluffy. All just pure speculation. Let’s see what happens. It’s 1000 times better already than when a former favourite of this site was in charge.

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You can't say that - Custard and the ol'Sluffster won't like it.

 

Whatever the plan is, I'm sure it's properly thought out and absolutely nothing to do with any of us. Surely it's nice just to have football back on the agenda?

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14 minutes ago, Kane57 said:

 

 

Whatever the plan is, I'm sure it's properly thought out and absolutely nothing to do with any of us.

SuperMosque ITK

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6 minutes ago, tomski said:

Sluffy. All just pure speculation. Let’s see what happens. It’s 1000 times better already than when a former favourite of this site was in charge.

Yes it is speculation, but more plausible I suggest than a residential football stadium.

What's wrong with speculation anyway, don't we speculate what the scores going to be, who will be in the team, who we would like to sign, who our next manager will be, whether the hot dogs will be buttered now we have a new owner?

Isn't part of the fun trying to work out what is likely to happen next?

As for whether it has anything to do with us, no its not - but if they did sell the stadium wouldn't we all be talking about it - even though we've just agreed it isn't our business?

Sorry if my reasoned speculation seemed to have upset you or anyone else in anyway, it certainly wasn't intended to do so.

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It says he will focus on the hotel, but doesn't say exclusively. It also says he played a big part in getting the deal over the line.

Get the impression he's well regarded, has experience and contacts in the field and is a fan of the club. 

No problems.

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