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Charliesboots

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Posts posted by Charliesboots

  1. 2 minutes ago, Collis1 said:

    More importantly, If £70m is true its very unlikely they will invest any of their own hard earned cash. They will take out loans which will shaft the club in the long run if it doesn't work out.

    The glaziers are essentially doing the same thing at man united.

    When Man Utd was bought though they had 70k+ stadium and were the world most commercially successful club (and pretty successful on the pitch too) - the debt for them is huge but serviceable. 

    Marketing the sags and turning a profit is going to be a ridiculously difficult task....I'm sure the Jordanians are eyeing up a new bigger unit in Kingswood tonight probably next to some Charity shop for the new "Megastore"

    I can't get my head around how they see this as a good investment other than through land ownership and or building a new stadium and having it as their asset. 

    The football will be a secondary concern loaded with debt. 

  2. 3 minutes ago, Monkeh said:

    not like the gas to talk shit and make figure up is it?

    its 1.05 billion and that's the total amount of the banks asests a bank which they only have a 30% stake in 

    the actual wealth the family have (remember this is only 1 of a few sons) is 70 million

    they aren't even the richest club in league 2 

    So...basically these two are richer than their new owners....

     

    image.jpeg

    • Like 4
  3. Buying a club is the easy bit, spending your (or venture capitalists money I would assume in this instance) is the hard bit. 

    It'll be ran as a going concern as the revenue they generate will not make them break even, how long will that wash with the business model they are looking to implement?

    So we run at a loss, yes that's a bad thing but we have a fan who understands and is committed to our future. 

    A few years of losses, not getting things their way and it'll all come down like a house of cards.

    Good luck to them (as much as I absolutely detest saying it) I think that they are going to need it. 

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