Deatils of the new owners/lenders to Football Ventures starting to emerge on Companies House website this morning..

The model appears to be up to half a dozen people putting money in.  It feels more stable to me than being in hock to one person.  If one drops out it should be easier to find another one willing to put in a few million rather than buying a whole club.

 

https://beta.companieshouse.gov.uk/company/11761052/charges

 

 

Edited May 23, 20215 yr by Casino

 

Edited September 24, 20196 yr by burnden

Let's hope he's better with money than his Dad was!

Ken did everything himself, why can’t  Shazza?

 

Great appointment. FV continue to impress

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.

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.

Kinell, the Gartside family has had its fair share of bad luck with cancer

Good luck to the new appointment.

"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.

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 .

 

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

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 September 24, 20196 yr by Mounts Kipper

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

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.

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?

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.

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?

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

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.

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.

7 hours ago, Sluffy said:

 

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.

 

Hopefully,  you may be underestimating the potential of the academy. We have a category 2 academy regardless of which league we are in.  Most of the current players joined when the academy was category 1, and should have benefited from this in their early years. Category 2 is the same level as Crystal Palace, Leeds, Sheff Utd, Cardiff, Watford, Burnley, all of whom have produced (and sometimes sold) young academy players worth multi million £s recently. 41 of the 47 clubs in leagues 1 and 2 have a lower ranked academy than us. Only Sunderland have one ranked higher. Got to hope some talent comes through.

Yet keith hill isnt very complementary about the quality of the players

Tbh, i found it a very strange interview at this stage

7 minutes ago, Casino said:

Yet keith hill isnt very complementary about the quality of the players

Tbh, i found it a very strange interview at this stage

He worked at Barnsley when John Stones came through. I think Mason Holgate is another from there plus others I can't recall. He has something to directly compare to, anyway.

 

7 hours ago, Casino said:

Yet keith hill isnt very complementary about the quality of the players

Tbh, i found it a very strange interview at this stage

For me it would have been better for him to just say that he thinks the entire development side of things at the club has been run the wrong way rather than mentioning the players at all. That said it shows he has a long term vision and direction and that is a positive thing.

On a related note the sometimes mentioned Chris Beech didn't pursue the assistant manager job at his hometown club Blackpool and is still out of work for now.

8 hours ago, Casino said:

Yet keith hill isnt very complementary about the quality of the players

Tbh, i found it a very strange interview at this stage

His media interviews will get him into trouble. Especially if/when results aren't great.

14 hours ago, Sluffy said:

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.

I thnk you'll find, Sluffy, that those who lack any sense of realism or objectivity now have probably been exactly the same throughout their adult lives and are destined to remain no different for the rest of it. Twenty years ago I wondered how the club expected to repay, or at least reduce, the debt taken on to build the Reebok whilst Allardici and the Daydreamers could only think about doubling it in the vain hope of competing with  moneybags Liverpool for a Champions League spot.

After Allardyce flounced out announcing he was taking a break from football, only to turn up  at Newcastle in next to no time on a  £3m p.a. salary, ED was obliged to more than double the debt to just hang on to Premiership status. He paid it all off a few years later but that, as they say, was only the beginning of the fortune ED spent trying to keep BWFC afloat until the day he died.