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Post by Topper Gas on Jul 1, 2015 13:25:47 GMT
£19k is hardly a decent profit from a £5m turnover?
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Post by Dirt Dogg on Jul 1, 2015 14:20:41 GMT
How do Yeovil manage that? I can understand the other 2 with their on-site businesses but Yeovil is just a small stadium in an industrial estate?!
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Post by Deleted on Jul 1, 2015 14:24:03 GMT
How do Yeovil manage that? I can understand the other 2 with their on-site businesses but Yeovil is just a small stadium in an industrial estate?! selling players at a profit and extensive use of the loan market. We have made profit on um... ...2 players in the last 10yrs plus a couple of kids??
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Post by newmarketgas on Jul 1, 2015 14:27:32 GMT
Do we want to go down the loan path ? I really hope we don't. I much prefer our own players.
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Post by Deleted on Jul 1, 2015 14:35:20 GMT
Do we want to go down the loan path ? I really hope we don't. I much prefer our own players. I do too, but it's certainly one way of saving money. Another is to speculate on kids and unknowns and hope to unearth a gem. We've done neither for years.
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Post by Deleted on Jul 1, 2015 14:47:45 GMT
I certainly prefer the way we go about things now (i.e. having a permanent but small squad, strengthening it with short term loanees) than Yeovil's method, which involves replacing 75% of the squad every year.
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Post by Dirt Dogg on Jul 1, 2015 15:20:12 GMT
Yeovil won't be as good in the loan market this season. Less contacts and in a lower league.
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Post by Topper Gas on Jul 1, 2015 15:35:49 GMT
Yeovil made a small loss last season and have total debts of £300K, Barnet are £600k in debt and I'd like to see any evidence that Fleetwood Town FC have made a profit in the last few season, although there parent compnay may well be making a profit from their non football related activities.
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Post by 2nd May 1990 on Jul 1, 2015 17:48:47 GMT
£19k is hardly a decent profit from a £5m turnover? Maybe not, but we'd take it any day of the week
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Post by Topper Gas on Jul 1, 2015 19:07:22 GMT
£19k is hardly a decent profit from a £5m turnover? Maybe not, but we'd take it any day of the week No our fans would be demanding we got promoted to the Championship and accusing the BoD of lining their pockets!! Although i can't imagine £19K profit would impress an hedge fund?
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Post by pirateman on Jul 1, 2015 19:57:05 GMT
Maybe not, but we'd take it any day of the week No our fans would be demanding we got promoted to the Championship and accusing the BoD of lining their pockets!! Although i can't imagine £19K profit would impress an hedge fund? I dunno, my hedge would certainly be improved by it.
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Post by Rovers 12th Man on Jul 2, 2015 6:41:04 GMT
A leading football finance expert believes that Bristol Rovers are a viable and attractive proposition to overseas investors.
The club this week confirmed that they had been in “informal” talks with Swiss-based financier Chris Samuelson, who is believed to be representing the interests of an American group of investors.
Rovers are the latest League Two club to be linked with a takeover by money-rich investors and Rob Wilson, who researches sports finance at Sheffield Hallam University, said: “They see potential in clubs with solid support bases in big cities that have an interest in football.
“Clubs like Leeds United or Sheffield Wednesday are certainly the sorts of clubs that would fit that criteria but as established Championship clubs the initial amount required to buy them is pretty significant.
“What we are seeing as a result are people coming down the pyramid looking for those relatively decent-sized clubs in cities of similar size to a Bristol or a Nottingham.
“Bristol is a big city and there are no Premier League clubs within almost 100 miles. You have to go as far north as Birmingham or the same sort of distance to the east towards London to locate the closest.
“Investors are ultimately looking for a club with the potential to move through the leagues pretty quickly on the back of a small outlay in football terms.
“Rovers would certainly be one of the most attractive clubs in the south west area. There are a lot of other clubs in that area, but outside of Bristol they all have smaller fanbases that don’t offer long-term potential of big returns on investment.”
Northampton Town last week confirmed that they had agreed a deal in principle with an Indian consortium, whilst Leyton Orient, who were relegated to League Two at the end of last season, are currently owned by Italian businessman Franceso Becchetti.
A level of scepticism usually exists whenever an overseas investor with no particular affinity for a club expresses an interest, but Wilson said: “The FA has the fit and proper persons test.
“The selling club is also responsible for doing a good period of due diligence on the buyers, but a few bad eggs will always get through.
“The situation at Portsmouth a few years back where the owner simply didn’t have enough money to sustain the running of a professional football club is a good example.
“The problem is that getting a return on your investment in English football is not as easy as some investors – particularly those from overseas – might think.
“The returns are achievable if you can get a club to the Premier League but having more money that all the other teams doesn’t always guarantee success.
“An investment of £5million in a League Two club might well be enough to get them promoted to League One and then a little more the next year would give you a good chance of getting to the Championship.
“Then you are looking at a figure of at least £25million to give you a chance of making that final step from the Championship to Premier League and that is often where the real difficulties lie.
“An investment of just over £30million to get from League Two to the Premier League may look a bargain on the face of it. The problem is that there are several other clubs using the same model and there are only three or four teams that can be promoted.”
The Post has been told that the group headed up by Samuelson has links to the Phoenix Consortium – an American-based hedge fund – that failed in an attempt to buy Championship club Reading last summer.
“You would always prefer to be talking about a single owner or maybe a group of two or three,” Wilson said.
“The problem with hedge funds is that they are clearly in it to make a relatively quick return on their investment and there is a higher risk of asset stripping.
“Based on all of the research we have done, a stock market-based model is a better model of ownership because there is a requirement for financial stability.
“Then it is a toss up between local owners who have an affinity with the club and foreign owners with their own cash to invest.
“Borrowed money such as hedge funds or leveraged buy outs of the type we saw with the Glazers at Manchester United are not the best – but that is just my own opinion and there is very little research or evidence to support that yet.”
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Post by RD on Jul 2, 2015 7:00:08 GMT
“The problem with hedge funds is that they are clearly in it to make a relatively quick return on their investment and there is a higher risk of asset stripping. This is without doubt my biggest concern. I've nothing against foreign owners provided they pass the required tests and have relatively bottomless pockets (i.e. they'd happily throw away £100m without batting an eyelid or expecting any of the money back); but a hedge fund would potentially be disastrous IMO.
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Post by Topper Gas on Jul 2, 2015 7:41:11 GMT
Given our massive debts they are going to struggle to do much assest stripping at Rovers!!
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Post by Topper Gas on Jul 2, 2015 7:44:41 GMT
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Post by Deleted on Jul 2, 2015 8:02:54 GMT
According to the Bristol Post.....
The end.
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Post by Deleted on Jul 2, 2015 8:26:15 GMT
I don't see how this could be anything other than good news to be honest.
If a consortium (or in fact an individual) wants to come in and take us from a bottom tier debt ridden club to a Championship club making profit then they are welcome to take the profit as far as I am concerned!
Would be lovely to have a bit of sustained success at this club and the reality is that in modern football you have to have a steady income stream to do so.
For one thing, should the sainsburys decision go the way I think most of us are resigned to it going, ie we lose but are given a healthy amount of compo, then said new investors may well be able to cover the difference required to get the stadium plan back on it's feet.
I actually have a lot of time for Nick Higgs as I genuinely believe he has the clubs interest at heart, BUT, at his own admission he does not have the money needed to really push us on. We need investment, it is as simple as that.
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Post by RD on Jul 2, 2015 8:38:25 GMT
I don't see how this could be anything other than good news to be honest. Odd outlook! It could be many, many things other than good news. Everybody knows how difficult it is to make money out of running a football club. A hedge fund is likely to want very quick/instant returns as well - something they are unbelievably unlikely to get here. So what happens when they don't make any money - or worse - lose money? Sale the ground and leave us homeless? Sell off all of our players? Reduce the playing budget to a laughably small amount in order to ensure that they get a return on their investment? So definitely some cause for concern in my eyes! And certainly a possibility that it could be "something other than good news"!
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