When you get bored.

[Rene Artois]

Move On (Birmingham band 80s) – Leicester City

[Rene Artois]

The link in the post above takes you here:

[IronIronIron]

You must be really bored….

[Deereyme66]

Have you thought about getting a little part time job Rene? Few hours a week – relieve your boredom and be financially rewarded?

[cassidystash]

I reckon he’s got more money than he knows what to do with. I keep expecting him to be the new investor that we need.

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Rene Artois

[Awaywego]

Thought Michelle made it clear they don’t want any new investors.

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alcazar

[Iron-awe]

Awaywego wrote:

Thought Michelle made it clear they don’t want any new investors.

Until the day somebody rocks up waving a million quid in her face saying “ I’d like to invest this amount in your football club please “. Sudden change of heart perhaps?

[Awaywego]

You’d want at least 51% of the club if you stumped up a million, but she’s only just got slightly over 20%.

[Iron-awe]

Awaywego wrote:

You’d want at least 51% of the club if you stumped up a million, but she’s only just got slightly over 20%.

You might not want any part of the club you might just want to invest a million over five years to go towards running costs or boost the wage budget you don’t have to own anything you don’t want to.

[Awaywego]

If only the 4 directors had that attitude, instead of loaning the club money.

[forgotten]

Awaywego wrote:

If only the 4 directors had that attitude, instead of loaning the club money.

Get over it, there are very few directors who put money into a football club with no intention of getting it back. I read a book 40-50 years ago investigating a number of main shareholders in the 50s, 60s and early 70s including the Edwards family at Manchester United, Everton’s Moores, Burnley’s Bob Lord and quite a few more that I can’t remember. This is not to say they were doing anything illegal, although the terms of the loans may have been a bit one-sided.
Coming back to our club, we have of course only to look at our two previous owners, I doubt very much that either of them lost money during their tenure. They spent the club’s money and assets until there was nothing left, and then rode off into the sunset caring nothing for the club.

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Siderite, Iron-awe

[64]

Iron-awe wrote:

Awaywego wrote:

You’d want at least 51% of the club if you stumped up a million, but she’s only just got slightly over 20%.

You might not want any part of the club you might just want to invest a million over five years to go towards running costs or boost the wage budget you don’t have to own anything you don’t want to.

Like most fans you mix invest up with giving

[Siderite]

forgotten wrote:

Awaywego wrote:

If only the 4 directors had that attitude, instead of loaning the club money.

Get over it, there are very few directors who put money into a football club with no intention of getting it back. I read a book 40-50 years ago investigating a number of main shareholders in the 50s, 60s and early 70s including the Edwards family at Manchester United, Everton’s Moores, Burnley’s Bob Lord and quite a few more that I can’t remember. This is not to say they were doing anything illegal, although the terms of the loans may have been a bit one-sided.
Coming back to our club, we have of course only to look at our two previous owners, I doubt very much that either of them lost money during their tenure. They spent the club’s money and assets until there was nothing left, and then rode off into the sunset caring nothing for the club.

You’re forgetting that Dodgy Dave was an altruist only after a good family legacy and only left because a handful of evil posters on Bru were mean to him! :-)

[Awaywego]

Tis estimated that Peter Swanns lost £20 million of his personal wealth with Scunthorpe united.
Obviously he left Dave a few million in the bank when he took over to fritter away before he gave the club to Michelle.

[cassidystash]

“Whilst at Scunthorpe Utd” Reports suggest the losses were mainly equine based.

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alcazar

[SouthYorksIron]

cassidystash wrote:

“Whilst at Scunthorpe Utd” Reports suggest the losses were mainly equine based.

Didn’t he write off loans of £11m when shifting Glanford Park into another of his companies?

Was asking for £3m when selling, so there are some football related losses there, let alone the money wasted on architects, solicitors etc. on his imaginary new stadium, plus the ridiculous salary he reportedly paid Rodwell for 4-5 years.

A “football man” though, so he knew what he was doing, as he kept telling Jeff Stelling…

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saleiron

[NorthWestIron]

Awaywego wrote:

Tis estimated that Peter Swanns lost £20 million of his personal wealth with Scunthorpe united.
Obviously he left Dave a few million in the bank when he took over to fritter away before he gave the club to Michelle.

Not his money was it though.

2 users thanked author for this post.

SouthYorksIron, saleiron

[Iron-awe]

64 wrote:

Iron-awe wrote:

Awaywego wrote:

You’d want at least 51% of the club if you stumped up a million, but she’s only just got slightly over 20%.

You might not want any part of the club you might just want to invest a million over five years to go towards running costs or boost the wage budget you don’t have to own anything you don’t want to.

Like most fans you mix invest up with giving

That’s a fair point but how many football club owners actually put money into a club expecting a return particularly lower league and non league clubs, the returns are more trophy or league progression based not a financial return. So is any lower league investment actually investment? I’m guessing not.

[Rene Artois]

At what age would an aging directorial creditor call in their loans?
You’d want your executor to have a simple a ‘job’ as possible… wouldn’t you?
Are the loans interest free?
The DLA would disclose.

[Author]

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