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Post by Sword65 on Nov 19, 2024 22:44:13 GMT
You do get some daft posts by people who should know better, but for some reason they pretend to know something they don't. I assume that was aimed at me. As i said it was information given to me and i have never said that its the truth,only what I've been told. It could be complete bollocks but how am i or anyone else to know. |
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joe
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Post by joe on Nov 19, 2024 22:50:37 GMT
Sorry sword if you felt that, cause it wasn't.
I don't pretend to know any detail of the failed buy out, but totally accept that Terry and Oliver had very good reasons to turn it down.
My observations were aimed at one or two other characters who blame the club's owners for the sun rising in the east and setting in the west
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Post by Sword65 on Nov 19, 2024 23:37:29 GMT
Sorry sword if you felt that, cause it wasn't. I don't pretend to know any detail of the failed buy out, but totally accept that Terry and Oliver had very good reasons to turn it down. My observations were aimed at one or two other characters who blame the club's owners for the sun rising in the east and setting in the west Fair enough😁 |
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Post by dweezil on Nov 20, 2024 10:43:35 GMT
It's almost the second anniversary since the supposed Manchett takeover bid, let alone when the club was originally up for sale.
Within the confines of commercial sensitivity and putting info into the public domain, it would be good to give a generalised update of where the club stands
It would be nice to know if any current 'initial discussions' or even 'advanced talks' are taking place - or is it just 'sod tout' interest
Usually, football clubs are up for sale as they need to be sold.
Take Torquay as an example - total rebuild of a club right from the bottom in under 6 months
We seem to be dragging this process, not pushing it
Thoughts ?
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Post by Sword65 on Nov 20, 2024 13:35:06 GMT
Although I don't know ,i would hazard a guess that tge new owners of Torquay didn't have to stump up £3million like any prospective buyers of Maidstone would have to do.
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nick
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Post by nick on Nov 20, 2024 16:01:58 GMT
A lot more than that swordy.
The new owners have to pay off all the club debts as a condition of the purchase (almost £7million) plus the necessary funding to deal with stadium maintenance/improvements and to manage revenues that lost £1.1 million in the last full accounting year.
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Post by pwoodstone on Nov 20, 2024 16:11:34 GMT
A lot more than that swordy. The new owners have to pay off all the club debts as a condition of the purchase (almost £7million) plus the necessary funding to deal with stadium maintenance/improvements and to manage revenues that lost £1.1 million in the last full accounting year. Is that £7m including the £5m the club owes the previous owner? If yes, I expect the deal would have included paying him back much less of that seeing that his alternative was to go through administration and get a pittance. Usually they put in a specific term that basically means they have to pay back all HMRC debt and everyone else gets screwed over. I remember when Palace did this and the fans crowdfunded to pay off the St Johns Ambulance moneys owed. |
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Post by ade on Nov 20, 2024 18:55:04 GMT
According to the article on here about American owners. You can pick up a L1 or L2 club for £10 to £15 million. I can't see much value in a NLS club by comparison.
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nick
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Post by nick on Nov 20, 2024 19:04:06 GMT
A lot more than that swordy. The new owners have to pay off all the club debts as a condition of the purchase (almost £7million) plus the necessary funding to deal with stadium maintenance/improvements and to manage revenues that lost £1.1 million in the last full accounting year. Is that £7m including the £5m the club owes the previous owner? If yes, I expect the deal would have included paying him back much less of that seeing that his alternative was to go through administration and get a pittance. Usually they put in a specific term that basically means they have to pay back all HMRC debt and everyone else gets screwed over. I remember when Palace did this and the fans crowdfunded to pay off the St Johns Ambulance moneys owed. Make of the official announcement as you will but the Bryn Consortium is having to pay back £7.1million which includes all tax debts, football and trade credits |
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Post by pwoodstone on Nov 20, 2024 19:27:35 GMT
Is that £7m including the £5m the club owes the previous owner? If yes, I expect the deal would have included paying him back much less of that seeing that his alternative was to go through administration and get a pittance. Usually they put in a specific term that basically means they have to pay back all HMRC debt and everyone else gets screwed over. I remember when Palace did this and the fans crowdfunded to pay off the St Johns Ambulance moneys owed. Make of the official announcement as you will but the Bryn Consortium is having to pay back £7.1million which includes all tax debts, football and trade credits Imagine having to spend out £7m before you even think of what you need to improve things. They were losing a lot, clearly, so will probably continue to until they sort it out. Must either be proper fans. Can’t see they expect much return. They’ve been very lucky I reckon |
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joe
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Post by joe on Nov 20, 2024 21:57:06 GMT
£7.1million to clear the debt and then loads more to renovate the stadium and improve facilities. Intending to make the club profitable somehow. Not to mention the aim of getting the club back to the EFL. All at a time when it is running currently at a huge operating loss.
Makes Stones set up seem a bastion of sanity although we do have a few forum members who would say "where's our ambition".
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Benny
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Post by Benny on Nov 23, 2024 20:37:11 GMT
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Post by Sword65 on Nov 23, 2024 21:12:38 GMT
Good article, won't please the glory Boys though. |
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Post by pwoodstone on Nov 23, 2024 23:26:15 GMT
Good article, won't please the glory Boys though. It feels like I could be Oliver’s mouthpiece on here sometimes. Basically saying the same stuff. |
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Post by royalstone on Nov 24, 2024 5:01:27 GMT
Well said Oliver. Unfortunately some of the Ash Out Brigade will not be persuaded by rational, common sense! If any of them are reading this look at what's happened at countless other clubs ffs!(including Stones in the past) Plenty of 'ambitious' owners have come and gone, Overspending and buying short term success but leaving clubs running at huge losses or with unmanageable debts. Look at Reading FC now, Mr Yongge was ' ambitious' spent huge amounts in his first few months in charge, gambling to get back to the prem. When it didn't happen overnight we were left running at huge losses and he has lost interest and couldn't even be bothered to provide the funds to make sure players and staff get paid on time #sell before we Dai. I would love more investment(in the loosest sense of the word, ie not necessarily expecting an ROI) at Maidstone and I'm pretty sure Oliver would welcome it too but it has to be the right type. Ideally from someone with the long term interest of the club in their thoughts(keep doing the Euromillions Dave U)😁. What Terry and Oliver have done for the infrastucture of the club should not be forgotten and hopefully someone in the future can do even more. One point I would pull Oliver up on tho is that I would say the stadium is a clubs second most important asset. A clubs most important asset is its fans imo (although I suppose you could argue they're technically not an asset). I think the key to our long term success is trying to keep/grow our fan base so there has to be some degree of 'ambition' but Oliver is 100% right in saying words to the effect of ambition is not overspending in the short term and jeapordising the entire future of the club. |
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