Transfer window, the morning after thoughts

[b1gduk]

Anyone giving the current incumbents the benefit of the doubt and renewing their ST's on the basis of giving them a go will no doubt feel extremely let down I would imagine after the debacle yesterday .

The lack of actual competence at the club is alarming and it's heading towards " failed business " status if it isn't already .

The CEO should have been removed from his position two weeks ago following the Hex.Com scandal but he's still at the club to continue making more fuq ups no doubt .

The current incumbents collectively are a mirror image of the present UK government , not fit for office , no standards , littered with scandal and economically couldn't run a corner shop .

The same solution exists within the UK electorate as well as this club and that is nothing will improve until this present government are sent packing and the club's owners find a buyer and bugga off for good .

The vast majority of the club's family silver has now been sold , other than Styles and that's dependent on championship form there's very little money left to be collected to put out the financial fires which still rage .

The club aren't returning to the championship anytime soon and the squad now contains a majority of very average league one players at best plus Andersen .

The club is trashed , a shadow of it's history and nothing more than a little rich boys play thing and another local little rich boys computer game whilst he holds Mummy's hand .

The quirky Socceeer Mom in New York and her consortium of Lord Lucan's add to the tragedy .

Over and out .

I need my bumps felt. It felt wrong renewing but only slightly less wrong than not renewing……
Im going to try to not get wound up by it anymore. Keep telling myself it’s just not that important.

I’m going to miss a good few games this season because of other events on Saturdays , previously this would have annoyed me now it is what it is. The club have blown a good few positives over recent seasons and ended up in the getter through no other fault but their own. Connor Chaplin is bang on with his comments but we knew that already didn’t we.

[Acido]

While that is true what your saying Roma, thats still a very harsh view on Duff.

For me its the despicable refusal from the owners (or the mysterious investors) to spend any of their own money, on trying to improve our team.
Why do any owners of a business who want it to thrive, then refuse to make any input of their own. Its a case of maximum profit required, but minimum effort made.
I think yet again that dreadful transfer window has shown how little they care, its simply all about money to them. And its not about throwing millions at it, none of us ever expected that!.

[Arblasterfromthepast]

While that is true what your saying Roma, thats still a very harsh view on Duff.

For me its the despicable refusal from the owners (or the mysterious investors) to spend any of their own money, on trying to improve our team.
Why do any owners of a business who want it to thrive, then refuse to make any input of their own. Its a case of maximum profit required, but minimum effort made.
I think yet again that dreadful transfer window has shown how little they care, its simply all about money to them. And its not about throwing millions at it, none of us ever expected that!.

Same argument still applies Acido. Cryne, Parekh and the JAQ mob are not going to invest their own money in a business that is approx 35 percent owned by someone else. Until the ownership is sorted i.e. Conway and Lee are bought out by the other shareholders, the club will continue in the same vein as they are now. Unfortunately.

[Acido]

Yeah its an absolute sh*t show of the highest order Arb, and it feels like we're still sinking and theres no immediate way out of it.
I bought into the so called new owners words, they sounded encouraging and a lot of fans did too by renewing their ST's.
But when you have a Ceo who dun't seem to have a scooby doo, then what does that make us.

[Arblasterfromthepast]

Yeah its an absolute sh*t show of the highest order Arb, and it feels like we're still sinking and theres no immediate way out of it.
I bought into the so called new owners words, they sounded encouraging and a lot of fans did too by renewing their ST's.
But when you have a Ceo who dun't seem to have a scooby doo, then what does that make us.

I'm sure Parekh and Cryne, if they've any sense, will have been looking at/ trying to buy Conway and Lee out for some time. I'd hope so anyway. But you can imagine what they're up against because Conway and Lee will no doubt be playing hardball. Something will give at some point, but we've no idea when that will be. That's why I didn't and wouldn't have bought a season ticket.

[SBRed48]

The old saying of a fish rots from its head has often been likened to the BFC Board.

The only problem is our ownership structure is more like a Hydra with many heads--
Lee 31.25% China USA
Parekh 21.25% India
Julie's Investment Group 20% split between Zach Schreiber 9%, Joshua Samuelson 5%, Matthew Edmonds (Julies husband) 3.25%, Lee Pollock 2.7% all hedge fund managers in New York
Pacific Group (Conway and Hung) 7.5% Far East USA
Oakwell Holdings (Jean & James Cryne0 20% UK

It is far too fractured and diverse to be effective. Ten individuals owning shares in a small third tier UK Football Club is a recipe for poor decision making.

[Young_Nudger]

The old saying of a fish rots from its head has often been likened to the BFC Board.

The only problem is our ownership structure is more like a Hydra with many heads--
Lee 31.25% China USA
Parekh 21.25% India
Julie's Investment Group 20% split between Zach Schreiber 9%, Joshua Samuelson 5%, Matthew Edmonds (Julies husband) 3.25%, Lee Pollock 2.7% all hedge fund managers in New York
Pacific Group (Conway and Hung) 7.5% Far East USA
Oakwell Holdings (Jean & James Cryne0 20% UK

It is far too fractured and diverse to be effective. Ten individuals owning shares in a small third tier UK Football Club is a recipe for poor decision making.

Yep - this transfer window has revealed there is something amiss at the boardroom/CEO level.

Duff was saying we need strikers.
And even JAQ was saying the same.
But none materialised.
Why !?!?!

Looking at the spread of shares could easily be the answer to that.
Neerav / JAQ / Cryne leadership not wanting to push the boat out and bring in those much needed players as this could potentially increase the valuation of shares held by Chien.
We could easily end up in the doldrums until the boardroom is sorted out.

Chien Lee / Conway failed in their leadership of the club.
We know it’s business - but they need to do the right thing now and move the majority of their shares over to Neerav.

[animallittle3]

Yep - this transfer window has revealed there is something amiss at the boardroom/CEO level.

Duff was saying we need strikers.
And even JAQ was saying the same.
But none materialised.
Why !?!?!

Looking at the spread of shares could easily be the answer to that.
Neerav / JAQ / Cryne leadership not wanting to push the boat out and bring in those much needed players as this could potentially increase the valuation of shares held by Chien.
We could easily end up in the doldrums until the boardroom is sorted out.

Chien Lee / Conway failed in their leadership of the club.
We know it’s business - but they need to do the right thing now and move the majority of their shares over to Neerav.

The real problem and wecan dress it up anyway we want is that between the lot of them they have run out of the club's money .

It's as simple as that and reminds me of the old saying " Socialism is fine until you run out of other peoples money " .

Everything thing now is a symptom of the fact they've economically trashed the club .

Whilst everyone looks down at their shoes and avoids eye contact when the " money " conversation comes up , the club is still required to run under its own steam .

Which in turn has led to a position of all our saleable assets off the books , the wage bill reduced and some of the deficit attacked .

The problem is that there's still the small matter of £7m of liabilities due out within the next 12 months including a Covid Loan of £3.5m with a squad now containing some very average league one players .

So far they've sent the debt collector away with a part payment which will satisfy him in the very short term .

However he'll be back soon enough wanting the debt paid in full .

[POGGYWELL]

Very good post animal perfectly explained.
Had that been you, me or anyone else on here running this fiasco we would be out of a job.

[animallittle3]

Very good post animal perfectly explained.
Had that been you, me or anyone else on here running this fiasco we would be out of a job.

The position they came in to in 2017 was debt free , £5m surplus in the club's bank account and in the championship .

The original purchase price of the club was even reduced by £3.5m as compensation for the relegation to league one in 2018 and then payable back in instalments of which they renegaded on .

The current chairman and the New York Hedge Fund brigade were part of this and are still here despite their attempts to reinvent themselves and put some distance between themselves and Lee , Conway and Hung .

The Cryne's are bystanders at best and still owed money by the very same people who are either current board members or shareholders .

Something is bound to give at some point in the very near future given the amount of liabilities still due out of the club .

This set against the biggest cost of living crisis in a century and a recession about to hit the UK which will make early 80's Thatcher's Britain seem like a jolly .

I wouldn't be counting on our fans to be making the same contribution to the club's economy as they've done even this summer .

Something as I say is going to give , it's inevitable .