kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,361 
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Post by kingswood Polak on Jun 25, 2024 9:30:51 GMT
Ten years ago today we were waiting for our first ever Conference fixtures!!!!!!!!! My lord, where did that 10 years go. That’s actually quite scary. 50 to 60. I better start my bucket list |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,361
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Post by kingswood Polak on Jun 25, 2024 9:41:42 GMT
Instead, we had a 'share scheme' into which supporters invested a million quid, for... no shareholding. I’m not clear on my mind as to whether that was diluted due to fans reps not understanding what was going on, or if they did understand it but chose to support it (out of self-interest, being persuaded it was a good thing, or other) Does anyone else have a view? For me, it shows that fan ownership is not a silver bullet, but something which needs to be constructed carefully GD needed money. He knew this would be well received. He was a shrewd businessman, he did well out of the club. Hotel always in use, players got a reduction but not meaningful but just enough to keep them there. my own view is his longterm plan was to dilute although maybe not under his watch, it made sense to the then chair. it was the first thing to start fractures in the fanbase. The rest is history. Far too many have put self interest before the club. If we had owners who put the club first, I’m sure we would have progressed. Higgs, for all his mistakes, at least had good intent. |
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knobrot
Joined: December 2023
Posts: 67
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Post by knobrot on Jun 25, 2024 12:47:56 GMT
More evidence of the ‘money men’s’ total lack of understanding of what they are involved with. Thick as fricking s**t 💩 looking to trim costs from every angle to make their end goal offering to a hoped for future buyer as financially feasible as possible. But just as before, if they’re hoping to sell the club on good luck to them. I doubt they’d have much chance with a former owner still holding 45% of the club. Likely owners would want 100%. UTG! That’s probably already been ‘war gamed’ and I doubt Wael would resist the opportunity to recover a few easy squidlies. It’s s**t or bust with this lot and my monies on bust with a fire sale of assets within 24 months. They talk £35 million as if that was a bonanza well that might be the case for them if they can build and sell the properties they want on the training ground and then disappear in a cloud of dust. I find the reluctance of players to come to the club, apart from the 2 so far, very telling indeed especially when wages are clearly the stumbling block. |
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knobrot
Joined: December 2023
Posts: 67
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Post by knobrot on Jun 25, 2024 13:02:49 GMT
I’m not clear on my mind as to whether that was diluted due to fans reps not understanding what was going on, or if they did understand it but chose to support it (out of self-interest, being persuaded it was a good thing, or other) Does anyone else have a view? For me, it shows that fan ownership is not a silver bullet, but something which needs to be constructed carefully GD needed money. He knew this would be well received. He was a shrewd businessman, he did well out of the club. Hotel always in use, players got a reduction but not meaningful but just enough to keep them there. my own view is his longterm plan was to dilute although maybe not under his watch, it made sense to the then chair. it was the first thing to start fractures in the fanbase. The rest is history. Far too many have put self interest before the club. If we had owners who put the club first, I’m sure we would have progressed. Higgs, for all his mistakes, at least had good intent. The point was though that the share scheme was not only to raise money but at a certain level, 26%, those shareholders would have a ‘stakeholder’ status with the club not just a seat on the Board. That meant real power and a firm voice going forward. I can’t remember exactly what form was used to dilute that scheme when the board felt we were getting too ‘close’ a rights issue I think, nevertheless it was all bollocks from the start in terms of us having any real input. Football has lost its way over the last 50 years. Clubs have become temporary ‘ trinkets’ for those with a few quid that want to entertain the corporate prawn sandwich brigade. This has led to the cock eyed celebrity mentality that has infested the game from top to bottom. |
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warehamgas
Predictions League
Joined: May 2014
Posts: 3,590
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Post by warehamgas on Jun 25, 2024 15:01:40 GMT
But just as before, if they’re hoping to sell the club on good luck to them. I doubt they’d have much chance with a former owner still holding 45% of the club. Likely owners would want 100%. UTG! and I doubt Wael would resist the opportunity to recover a few easy squidlies. It’s s**t or bust with this lot and my monies on bust with a fire sale of assets within 24 months. They talk £35 million as if that was a bonanza well that might be the case for them if they can build and sell the properties they want on the training ground and then disappear in a cloud of dust. I find the reluctance of players to come to the club, apart from the 2 so far, very telling indeed especially when wages are clearly the stumbling block. And that means….? Im sure he’s already recovered some of his outlay but my point was from the pov of new owners, not Wael. They probably wouldn’t want Wael hanging around with a sizeable chunk of the club. So I’m not sure it would be that attractive a proposition. Either way you may be right, it does look a bit of a mess. As to players not wanting to come here. Is that true given we’ve signed 3 with a few more about to sign? Perhaps this time we’re not just rolling over and giving players the wages they demand but know what they’re worth and sticking to our guns. In a way the club can’t win can they? Make very early signings and lots of them and the club is accused of caving in to wage demands or being more frugal, having a clear view about a players worth and sticking to it and losing them we get the accusation that players are reluctant to join. Hey ho!!!! Which is the correct strategy? As ever time will probably tell. UTG! |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,361
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Post by kingswood Polak on Jun 25, 2024 15:10:17 GMT
GD needed money. He knew this would be well received. He was a shrewd businessman, he did well out of the club. Hotel always in use, players got a reduction but not meaningful but just enough to keep them there. my own view is his longterm plan was to dilute although maybe not under his watch, it made sense to the then chair. it was the first thing to start fractures in the fanbase. The rest is history. Far too many have put self interest before the club. If we had owners who put the club first, I’m sure we would have progressed. Higgs, for all his mistakes, at least had good intent. The point was though that the share scheme was not only to raise money but at a certain level, 26%, those shareholders would have a ‘stakeholder’ status with the club not just a seat on the Board. That meant real power and a firm voice going forward. I can’t remember exactly what form was used to dilute that scheme when the board felt we were getting too ‘close’ a rights issue I think, nevertheless it was all bollocks from the start in terms of us having any real input. Football has lost its way over the last 50 years. Clubs have become temporary ‘ trinkets’ for those with a few quid that want to entertain the corporate prawn sandwich brigade. This has led to the cock eyed celebrity mentality that has infested the game from top to bottom. It’s quite ironic really as I met Geoff, several times, away from football and he was totally different to the then thank you for your views persona. He knew exactly what he wanted to happen with the sharescheme. If not for him, Higgs would have been on Wael’s board but he made sure that did not happen. You would have to be up early to have him over. I cannot think of anyone that, if he went to war with, that beat him. He has my admiration for that but not as the saviour, which many think he was. We did have other options. I say thank God for Denis, he stopped his boy from much more severe measures. May his and Anne’s memory live long in the hearts of many. Geoff looked after his own, nothing wrong in that. A man who knew the value of money. |
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Post by Colyton Gas. on Jun 25, 2024 16:47:54 GMT
 Wife and myself vol at a Charity Shop in Sidmouth.Wife does the real work and I am on the front desk where football fans from all over discuss their teams and I am in my element.Today a keen Gashead Bob Simons who lives in these parts made my day!!!!!!!!!!!!!!! |
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