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Without question Exile
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Originally Posted by EastStandRed
As I understand it PC "guaranteed" the loan from the bank for instance of 1.980,000 or thereabouts in 2013/14
The club was able to service the debt plus about £15000 interest for the bank loan so as I see it PC did not spend his own money but stood as guarantor [not quite the same is it]?
Unless someone can correct me as it's just my take on the past
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Can't gi thi a name yet ESR. Wait till Mister Lee sells up and some financial salvage group may pick over the carcass or administrators may find a buyer before the club is wound up.
Please answer me a simple question ESR--
Why is Mister Lee buying Barnsley Football Club ?
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To take us into the PL which will give himself and his core business massive worldwide exposure worth millions of pounds in increased revenue .
Certainly worth more than 31 acres of south yorkshire land that's for certain .
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I've no idea SB , I've got plenty of reservations myself mate. He's been trying to buy numerous football clubs in the Championship and Premier Leagur , it could be that we're a foot in the door . The money will start to pour into the Championship soon like the premier league so there's an attraction. China is pushing its money men to invest in English football as well.
There's a lack of people interested in buying us , times running out for PC , a billionaire who owns another club comes sniffing around , we'd all do the same
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That'll be the same plan that 18 other rich owners have then. Good luck with that Hecky. Mister Lee not patient man.
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Bear with me on this and I'm trying to look at it from another angle .
Let's say the NFL was watched in the UK by a TV audience of millions upon millions as the PL is in China and worldwide and Richard Branson bought the Miami Dolphins .
His Virgin brand would receive massive exposure because of the power of owning an NFL franchise .
Virgin and the Miami Dolphins would sit hand in hand and reach potential customers they normally wouldn't connect with .
Now the BFC brand in the championship to day isn't strong but it becomes transformed the moment it plays in the PL .
It's a bargain for Mr Lee and his consortium , yes they have to get the club promoted but that's reflected in the price he's probably paying .
A £100 million pound investment could yield three or four times that in new revenue for the consortium .
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There's no guarantees that's for sure but they are significantly increased if you have a good HC and a far bigger budget .
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What's the plan if we go down?
From what I saw on Saturday that's a real possibility. Two very poor tems that will struggle.
Transfer window not until Jan, and many bigger & better teams than us have gone down even with investment.
A couple of weeks ago most people thought staying up would be an achievement.
Have I missed some major signings that have changed all that?
It would take considerable investment and, more importantly, time to reach the promised land.
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What was the plan were we relegated under the present ownership ?
The plan under the new owners I would expect will be to offer funds in January to Hecky in line with our league postion , possibly substantial by our standards if we are struggling or well placed and fairly moderate if we are comfortably in mid table .
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