Get your very own personalised Duke's Bar gifts!
Page 4 of 7 FirstFirst ... 23456 ... LastLast
Results 61 to 80 of 122

Thread: Thats what i call ambition

  1. #61
    Join Date
    Apr 2019
    Posts
    360
    Rotherham United need a hotel and business / social units ASAP.

    Sadly those who feel that the eyesore adjacent the NYS needs protection are standing in the way of progress for the whole town. Unbelievable considering that the beautiful building that was Doncaster Gate Hospital (paid for with pennies from the Rotherham people) was torn down with great speed.

  2. #62
    Quote Originally Posted by EasyAndEarly View Post
    Rotherham United need a hotel and business / social units ASAP.

    Sadly those who feel that the eyesore adjacent the NYS needs protection are standing in the way of progress for the whole town. Unbelievable considering that the beautiful building that was Doncaster Gate Hospital (paid for with pennies from the Rotherham people) was torn down with great speed.
    The crying shame about the G&C building is that it has no historical significance, basically its just another red brick factory like dozens in the area that have met the wrecking ball.

  3. #63
    Join Date
    May 2015
    Posts
    630
    Quote Originally Posted by EasyAndEarly View Post
    Rotherham United need a hotel and business / social units ASAP.

    Sadly those who feel that the eyesore adjacent the NYS needs protection are standing in the way of progress for the whole town. Unbelievable considering that the beautiful building that was Doncaster Gate Hospital (paid for with pennies from the Rotherham people) was torn down with great speed.
    It's a very good point.

  4. #64
    Join Date
    Apr 2017
    Posts
    932
    Quote Originally Posted by animallittle3 View Post
    TS has spent more money on RUFC than our owners ever will at Oakwell despite their greater collective wealth .

    Only one club getting bankrolled WanChai and it aint us .

    This isn't a criticism by the way I'm simply stating a fact , it's Tony's money to spend how he wants .

    Other than buy the club the owners haven't spent a round coin of their own money in the 18 months they've owned us .
    Its a thin line between bankrolling, underwriting and approving future spending on a loss making business.

    The most recent accounts are end season 2018. It shows a loss of 1.4m and converting 6m of Cryers loans to shares. This is not a self sustaining business model. If theyve not put in a single hk$ they will soon.

    We dont know what happened in the last 12 months. But, the most telling period will be this transfer window and Jan 2020.

    They use Nice as an advertising vehicle for their far east activities. To achieve that end they need the club as high up the league as possible.

    You still dont know why they bought your club. But, it will interesting to see how they use the club and what they are prepared to invest to achieve their ultimate objectives.

  5. #65
    Join Date
    Sep 2015
    Posts
    13,411
    Quote Originally Posted by WanChaiMiller View Post
    Its a thin line between bankrolling, underwriting and approving future spending on a loss making business.

    The most recent accounts are end season 2018. It shows a loss of 1.4m and converting 6m of Cryers loans to shares. This is not a self sustaining business model. If theyve not put in a single hk$ they will soon.

    We dont know what happened in the last 12 months. But, the most telling period will be this transfer window and Jan 2020.

    They use Nice as an advertising vehicle for their far east activities. To achieve that end they need the club as high up the league as possible.

    You still dont know why they bought your club. But, it will interesting to see how they use the club and what they are prepared to invest to achieve their ultimate objectives.
    They've just sold OGC Nice to Jim Ratcliffe for 100m two weeks sgo , made a tidy profit on it too .

    According to reports we've read coming out of the French Riviera they bought the club with loans and used player sales to pay them off , they sold most of their top talent and show a 30m surplus on sales which disappeared in to thin air .

    The club under their ownership fell from a champions league competitor to not qualifying for europe at all .

    As you can imagine it made for grim reading over our way .

    Your right we did show a 1.4m loss , I suspect the sales of Potts to Preston for 1.8m , Steve Mallan to Hibs , Knasmullner to Austria Vienna and Moncur to Luton may have attacked that although relegation to League One has to be factored in with the hit on Sky tv revenue .

    I suppose relatively speaking in football terms a1.4m loss is nothing to keep you awake at night over and could be considered a sustainable model given the nature of football clubs and finances .

    I suspect with your good selves Tony Stewart is now in the territory the late Patrick Cryne found himself in in that he's invested as much as he feels he can and the club has to roll with what it generates and he fills in the financial holes which leads to struggles at championship level .

    The good news is that both of us aren't likely to end up like Bolton Wanderers , the bad news is that the championship will still continue to be a struggle .

  6. #66
    Join Date
    Apr 2017
    Posts
    932
    Quote Originally Posted by animallittle3 View Post
    They've just sold OGC Nice to Jim Ratcliffe for 100m two weeks sgo , made a tidy profit on it too .

    According to reports we've read coming out of the French Riviera they bought the club with loans and used player sales to pay them off , they sold most of their top talent and show a 30m surplus on sales which disappeared in to thin air .

    The club under their ownership fell from a champions league competitor to not qualifying for europe at all .

    As you can imagine it made for grim reading over our way .

    Your right we did show a 1.4m loss , I suspect the sales of Potts to Preston for 1.8m , Steve Mallan to Hibs , Knasmullner to Austria Vienna and Moncur to Luton may have attacked that although relegation to League One has to be factored in with the hit on Sky tv revenue .

    I suppose relatively speaking in football terms a1.4m loss is nothing to keep you awake at night over and could be considered a sustainable model given the nature of football clubs and finances .

    I suspect with your good selves Tony Stewart is now in the territory the late Patrick Cryne found himself in in that he's invested as much as he feels he can and the club has to roll with what it generates and he fills in the financial holes which leads to struggles at championship level .

    The good news is that both of us aren't likely to end up like Bolton Wanderers , the bad news is that the championship will still continue to be a struggle .
    Youve not included the 6m Cryer loans that indicate a much bigger shortfall in revenue.

    Why do you think they bought Barnsley?

  7. #67
    Join Date
    Sep 2015
    Posts
    13,411
    Quote Originally Posted by WanChaiMiller View Post
    Youve not included the 6m Cryer loans that indicate a much bigger shortfall in revenue.

    Why do you think they bought Barnsley?
    I'm not sure how that plays out WanChai with regard to the 6m because his son James Cryne holds a 25% stake in the club .

    I wish I could answer the question on why they bought us , none of us know the answer , we all have our theories but none really stack up .

    They are here to make money that we do know but how they do it is something we can't fathom .

    We do know Chien Lee and Paul Conway have a fractured relationship , Lee never attended a single game last season but Conway comes over pretty regularly , in fact he acting CEO at the moment , the two Indians have never been seen at all .

    Billy Beane is involved in the recruitment on an analytic basis but he's never seen a single game , then again he never watches the Oakland A's either .

    It's all very suspicious and quite a few of us don't trust em given what happened at OGC Nice .

  8. #68
    Join Date
    Aug 2016
    Posts
    478
    Quote Originally Posted by animallittle3 View Post
    I'm not sure how that plays out WanChai with regard to the 6m because his son James Cryne holds a 25% stake in the club .

    I wish I could answer the question on why they bought us , none of us know the answer , we all have our theories but none really stack up .

    They are here to make money that we do know but how they do it is something we can't fathom .

    We do know Chien Lee and Paul Conway have a fractured relationship , Lee never attended a single game last season but Conway comes over pretty regularly , in fact he acting CEO at the moment , the two Indians have never been seen at all .

    Billy Beane is involved in the recruitment on an analytic basis but he's never seen a single game , then again he never watches the Oakland A's either .

    It's all very suspicious and quite a few of us don't trust em given what happened at OGC Nice .
    Genuinely not sure whether I've dreamt this, so apologies if it's bullshine, but didn't they try unsuccessfully to buy a couple of other clubs before Barnsley? Middlesbrough? Hull?

    The timing was right at barnsley because cryne was very ill.

    None of that explains why though. Who knows..

  9. #69
    Join Date
    Apr 2017
    Posts
    932
    Quote Originally Posted by animallittle3 View Post
    I'm not sure how that plays out WanChai with regard to the 6m because his son James Cryne holds a 25% stake in the club ..
    The accounts indicate he converted the loan to shares. It means the club dont have to pay it back (it does not appear as a debt). Companies borrow money if there is a shortfall. 6m indicates there was a big shortfall in the period Cryer was owner up to when Lee took over. It proved the club is not self sustaining.

  10. #70
    Join Date
    Sep 2015
    Posts
    13,411
    Quote Originally Posted by gkotw View Post
    Genuinely not sure whether I've dreamt this, so apologies if it's bullshine, but didn't they try unsuccessfully to buy a couple of other clubs before Barnsley? Middlesbrough? Hull?

    The timing was right at barnsley because cryne was very ill.

    None of that explains why though. Who knows..
    Yes they did and Brentford too and they walked away from all three clubs before buying ourselves .

  11. #71
    Join Date
    Sep 2015
    Posts
    13,411
    Quote Originally Posted by WanChaiMiller View Post
    The accounts indicate he converted the loan to shares. It means the club dont have to pay it back (it does not appear as a debt). Companies borrow money if there is a shortfall. 6m indicates there was a big shortfall in the period Cryer was owner up to when Lee took over. It proved the club is not self sustaining.
    That's not quite the whole story with respect WanChai .

    The club is run in an entirely different way from Cryne's early to mid years of his tenure , it was hemorrhaging money left , right and centre for many years and we owed Patrick a considerable amount of money .

    Patrick developed a policy of trying to become self sufficient with a model of recruiting young hungry talent with the aim to sell on at a good profit , the club will not recruit anyone over 24 years of age .

    Financially it proved to be a very good model with 25m coming in to the club through the sale of players on a minimal investment , not too grand for us slipping down to league one mind you .

    The current crop contain some players who if sold will once again show a huge profit on investment , Pinnock , Woodrow , Moore , Lindsay and Mowatt would fetch in over 10m in today's market for an outlay of around 3.5m , offers were turned down in January for both Thiam and Cavare who would have brought in double the price we paid , according to what we were told .

    So going on recent times we are heading towards self sustainability under this model , that's not to say its a success on the field or that this model will remain a profitable one .

    That said the club do seem to be able to find the talent at a consistent level in terms of making profit , for how long ? , who knows .

  12. #72
    Join Date
    Apr 2017
    Posts
    932
    Quote Originally Posted by animallittle3 View Post
    That's not quite the whole story with respect WanChai .

    The club is run in an entirely different way from Cryne's early to mid years of his tenure , it was hemorrhaging money left , right and centre for many years and we owed Patrick a considerable amount of money .

    Patrick developed a policy of trying to become self sufficient with a model of recruiting young hungry talent with the aim to sell on at a good profit , the club will not recruit anyone over 24 years of age .

    Financially it proved to be a very good model with 25m coming in to the club through the sale of players on a minimal investment , not too grand for us slipping down to league one mind you .

    The current crop contain some players who if sold will once again show a huge profit on investment , Pinnock , Woodrow , Moore , Lindsay and Mowatt would fetch in over 10m in today's market for an outlay of around 3.5m , offers were turned down in January for both Thiam and Cavare who would have brought in double the price we paid , according to what we were told .

    So going on recent times we are heading towards self sustainability under this model , that's not to say its a success on the field or that this model will remain a profitable one .

    That said the club do seem to be able to find the talent at a consistent level in terms of making profit , for how long ? , who knows .
    I get what you're saying. Yet dispite this the club made losses in 3 of the last 4 years.

    18 - (1.4) / 17 - +3.5 / 16 - (9m) / 15 - (3.5)

  13. #73
    Join Date
    Aug 2016
    Posts
    478
    Quote Originally Posted by animallittle3 View Post
    That's not quite the whole story with respect WanChai .

    The club is run in an entirely different way from Cryne's early to mid years of his tenure , it was hemorrhaging money left , right and centre for many years and we owed Patrick a considerable amount of money .

    Patrick developed a policy of trying to become self sufficient with a model of recruiting young hungry talent with the aim to sell on at a good profit , the club will not recruit anyone over 24 years of age .

    Financially it proved to be a very good model with 25m coming in to the club through the sale of players on a minimal investment , not too grand for us slipping down to league one mind you .

    The current crop contain some players who if sold will once again show a huge profit on investment , Pinnock , Woodrow , Moore , Lindsay and Mowatt would fetch in over 10m in today's market for an outlay of around 3.5m , offers were turned down in January for both Thiam and Cavare who would have brought in double the price we paid , according to what we were told .

    So going on recent times we are heading towards self sustainability under this model , that's not to say its a success on the field or that this model will remain a profitable one .

    That said the club do seem to be able to find the talent at a consistent level in terms of making profit , for how long ? , who knows .
    Its also a risky model. So much so that its actually stated within BFCs accounts as a key risk any changes to the rules which affect the model for "trading player registrations".

    In a nutshell, neither BFC or RUFC are truly self sustainable. But, that simply puts them into the same brackets as virtually every other professional football league club.

  14. #74
    Join Date
    Sep 2015
    Posts
    13,411
    Quote Originally Posted by WanChaiMiller View Post
    I get what you're saying. Yet dispite this the club made losses in 3 of the last 4 years.

    18 - (1.4) / 17 - +3.5 / 16 - (9m) / 15 - (3.5)
    It's puzzling at times WanChai I have to say , we don't pay exceptional wages , our transfer budget isn't earth shattering , far more is received than ever goes out in transfers , the record transfer paid out is 22 years old .,
    We've seen players leave for 6.5m and replaced for 100k , Roberts went to Brum for 3.5m and Lindsay replaced him at 350k , Hourihane for 3m replaced by Mowatt at 600k .

    The books made public carry the minimum amount of financial information that they can get away with legally .

    Everything is undisclosed , for what ever reason , loans converted to shares etc etc etc , even the sale of the club was undisclosed , confidentiality agreements on practically everthing the club does financially .

    The rent on the ground to BMBC is peppercorn , catering and superstore leased out to private companies .

    Tracing the money is difficult to say the least .

    Not saying anything is getting done illegally but I ain't half suspicious .

  15. #75
    Join Date
    Apr 2017
    Posts
    932
    Quote Originally Posted by EasyAndEarly View Post
    Rotherham United need a hotel and business / social units ASAP.

    Sadly those who feel that the eyesore adjacent the NYS needs protection are standing in the way of progress for the whole town. Unbelievable considering that the beautiful building that was Doncaster Gate Hospital (paid for with pennies from the Rotherham people) was torn down with great speed.
    How do you see the hotel idea working? I thought the council own the land. Will the club have the rights to build there?

  16. #76
    Join Date
    Sep 2015
    Posts
    13,411
    Quote Originally Posted by gkotw View Post
    Its also a risky model. So much so that its actually stated within BFCs accounts as a key risk any changes to the rules which affect the model for "trading player registrations".

    In a nutshell, neither BFC or RUFC are truly self sustainable. But, that simply puts them into the same brackets as virtually every other professional football league club.
    I think in the light of day that's fair comment and I'm happy to accept that rather than the bankrolled comments .

  17. #77
    Join Date
    Apr 2017
    Posts
    932
    Quote Originally Posted by animallittle3 View Post
    It's puzzling at times WanChai I have to say , we don't pay exceptional wages , our transfer budget isn't earth shattering , far more is received than ever goes out in transfers , the record transfer paid out is 22 years old .,
    We've seen players leave for 6.5m and replaced for 100k , Roberts went to Brum for 3.5m and Lindsay replaced him at 350k , Hourihane for 3m replaced by Mowatt at 600k .

    The books made public carry the minimum amount of financial information that they can get away with legally .

    Everything is undisclosed , for what ever reason , loans converted to shares etc etc etc , even the sale of the club was undisclosed , confidentiality agreements on practically everthing the club does financially .

    The rent on the ground to BMBC is peppercorn , catering and superstore leased out to private companies .

    Tracing the money is difficult to say the least .

    Not saying anything is getting done illegally but I ain't half suspicious .
    The books made public are a legal required and signed off by auditors. Tracing money is easy - just not visible to you. Payments may be undisclosed to the public but cannot be hidden within the business.

    What you are hinting at is illegal.

  18. #78
    Join Date
    Sep 2008
    Posts
    4,485
    Quote Originally Posted by WanChaiMiller View Post
    How do you see the hotel idea working? I thought the council own the land. Will the club have the rights to build there?
    You're right. The Council do own the land (purchased in 2010 for 2.6 million)
    The club have a very long lease.
    From the many statements from the club about developing the site I assume they would have permission to build.

  19. #79
    Join Date
    Apr 2017
    Posts
    932
    Quote Originally Posted by wrinkly View Post
    You're right. The Council do own the land (purchased in 2010 for 2.6 million)
    The club have a very long lease.
    From the many statements from the club about developing the site I assume they would have permission to build.
    Yes correct. Forgot the lease.

    My point really is I not sure what return wed get on a development like this. Wed incure up front building costs. I guess we would lease it out to a hotel chain. Just not sure there is much of a return.

  20. #80
    Join Date
    Oct 2009
    Posts
    5,602
    But would a hotel be profitable? How many people want to visit downtown Rotherham?

    As for the bar previously suggested by posters on other threads, I would simply point out that pubs and bars are on the decline. With the limited footfall on non-match days, I can't see how a bar at NYS could survive.

Page 4 of 7 FirstFirst ... 23456 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •