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My preference would be for the stupid debts to be wiped, and for a sale to a local or small group of locals with a reasonable amount of money.
I don’t see how hawking the club to (potentially) jonnie foreigners as a plaything, is good for the club or its supporters in the long run. It looks to me like it only benefits one person.
[Post edited 13 Apr 16:27]
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New owners - prefered option on 22:05 - Apr 13 with 677 views
Who residing in Colchester is daft enough to invest in an operation currently losing circa £3M per annum (e.g. that estimate is based on the growing debt to Cowling Inc.). The last player we sold for material dosh was probably Greg Halford. The Academy hasn’t produced any pipeline of any great value, and I suspect Szmodics didn’t generate his later valuation.
Robbie Cowling might only be the third richest man in Tiptree, but he has been a diamond as a cash cow. If he simply pulled the plug, Colchester United would probably enter immediate administration. I’ll doff my cap to him for the manner he is pursuing as regards a sale. He is going to lose around £30M and even if he can offset such losses against other tax liabilities that’s still £18M net.
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New owners - prefered option on 09:50 - Apr 14 with 595 views
New owners - prefered option on 22:05 - Apr 13 by noah4x4
Who residing in Colchester is daft enough to invest in an operation currently losing circa £3M per annum (e.g. that estimate is based on the growing debt to Cowling Inc.). The last player we sold for material dosh was probably Greg Halford. The Academy hasn’t produced any pipeline of any great value, and I suspect Szmodics didn’t generate his later valuation.
Robbie Cowling might only be the third richest man in Tiptree, but he has been a diamond as a cash cow. If he simply pulled the plug, Colchester United would probably enter immediate administration. I’ll doff my cap to him for the manner he is pursuing as regards a sale. He is going to lose around £30M and even if he can offset such losses against other tax liabilities that’s still £18M net.
We are all going to have different opinions on this, but I would reinforce my argument with the following facts.
Firstly, the levels of debt and loses are based on some internal shenanigans within a group of companies. As discussed elsewhere, the actual lose last year may have only been £600K. It’s all conjecture and we all have different opinions, but I would suggest that maybe the debt is only one person’s fault, because of a catalogue of poor decisions from the start. Add to that, the disastrous PR that drove many away. How much did the lean years of 2500-3000 crowds lose in gate receipts? Then the effects of compound interest are severe.
Secondly, there is no shortage of ultra-rich in the UK. I believe there are around 5,000 people with £100M or more. That is not so say that they all want to buy a football club, and more important that they would be happy to do business with our man. However, many of them want to enjoy their cash on yachts, racehorses, football clubs, and other things all guaranteed to burn money. The loses don’t stop them. Numerous clubs are still owned by British, many of them much larger than the U’s, so it is not a ridiculous idea that somewhere in the UK, someone would like to have a go at the right price.
To say that the club would be in administration without the main man, well yes, but so would all the other 91 clubs. As far as I’m aware none on them make a profit year in year out, so I don’t know what that proves? Surely anyone that buys a football club knows it is going to cost them? If you can’t stand the heat, stay out of the kitchen.
Finally, why did we have Brexit? I thought the great unwashed ‘wont our country back, cos we is sick of foreigners medlin in evrythink innit’. It’s not healthy for any of our Utilities, Healthcare, Newspapers, TV channels, Steel and other core industries and community based entities like football clubs to be in foreign hands, so when are we going to do something about it? No one is stopping us now.
Apart from that I agree with everything you say.
PS: Seeing as Mr.T has recently caused a minor stir in the press by apparently showing support for Rupert Lowe and Restore Britain (with three applauding emojis and the St George Cross), I am confident that, like all patriots, he’s not a hypocrite and would only support an all English consortium anyway. So the whole debate is probably irrelevant.
[Post edited 14 Apr 9:54]
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New owners - prefered option on 15:43 - Apr 14 with 537 views
New owners - prefered option on 09:50 - Apr 14 by TAFKAT
We are all going to have different opinions on this, but I would reinforce my argument with the following facts.
Firstly, the levels of debt and loses are based on some internal shenanigans within a group of companies. As discussed elsewhere, the actual lose last year may have only been £600K. It’s all conjecture and we all have different opinions, but I would suggest that maybe the debt is only one person’s fault, because of a catalogue of poor decisions from the start. Add to that, the disastrous PR that drove many away. How much did the lean years of 2500-3000 crowds lose in gate receipts? Then the effects of compound interest are severe.
Secondly, there is no shortage of ultra-rich in the UK. I believe there are around 5,000 people with £100M or more. That is not so say that they all want to buy a football club, and more important that they would be happy to do business with our man. However, many of them want to enjoy their cash on yachts, racehorses, football clubs, and other things all guaranteed to burn money. The loses don’t stop them. Numerous clubs are still owned by British, many of them much larger than the U’s, so it is not a ridiculous idea that somewhere in the UK, someone would like to have a go at the right price.
To say that the club would be in administration without the main man, well yes, but so would all the other 91 clubs. As far as I’m aware none on them make a profit year in year out, so I don’t know what that proves? Surely anyone that buys a football club knows it is going to cost them? If you can’t stand the heat, stay out of the kitchen.
Finally, why did we have Brexit? I thought the great unwashed ‘wont our country back, cos we is sick of foreigners medlin in evrythink innit’. It’s not healthy for any of our Utilities, Healthcare, Newspapers, TV channels, Steel and other core industries and community based entities like football clubs to be in foreign hands, so when are we going to do something about it? No one is stopping us now.
Apart from that I agree with everything you say.
PS: Seeing as Mr.T has recently caused a minor stir in the press by apparently showing support for Rupert Lowe and Restore Britain (with three applauding emojis and the St George Cross), I am confident that, like all patriots, he’s not a hypocrite and would only support an all English consortium anyway. So the whole debate is probably irrelevant.
[Post edited 14 Apr 9:54]
I had to think twice for a minute and realised you were talking about Mr Terry and not the guy from the A team who rocks the mohawk, wears lots of gold chains, doesn't like flying and calls people he doesn't agree with "crazy fools". I'll quit my jibber jabber now...
The fact is for the most part new owners who invest properly do bring success to a club for the most part. If he does succeed then lets see what Mr Terry and his consortium brings to the table.
New owners - prefered option on 15:43 - Apr 14 by CrashBandicoot
I had to think twice for a minute and realised you were talking about Mr Terry and not the guy from the A team who rocks the mohawk, wears lots of gold chains, doesn't like flying and calls people he doesn't agree with "crazy fools". I'll quit my jibber jabber now...
The fact is for the most part new owners who invest properly do bring success to a club for the most part. If he does succeed then lets see what Mr Terry and his consortium brings to the table.
[Post edited 14 Apr 15:45]
Let's hope so because, 'I love it when a plan comes together'.
A-Team was first aired 1983 to 1987!!!!!!
[Post edited 14 Apr 16:59]
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New owners - prefered option on 17:07 - Apr 14 with 500 views
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