Sustainability or bank rolling

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Originally Posted by EastStandRed

Maybe he did or maybe there weren’t any offers. Maybe he was happy to cover the cash flow himself, it was his business so his decision. If he’d have shared with someone else what would the difference have been. The club would still have needed cash injections

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Perhaps new investors would bring new impetus to the club especially if the right ones are chosen & perhaps additional voices may have led us to not selling to these current owners which frankly smacked of desperation to cash in

It could have done yes or it could have gone the other way who knows. I think on paper the new consortium looked good and didn’t really look like a desperate sale. I think he’d have struggled to find a better fit to the club as it is run. The only other option was to sell to someone who’d put in millions ( highly unlikely in Barnsley ) or someone who’d run up debt with no investment of their own.

I'm not great on finance terms as well. The financial consultants and accountants like to cloud things in jargon and confusion to justify their fees.

From what I've read ovva the last week or two is it correct that Dog paid James Cryne in "share capital" ie a 20% share of the club instead of paying back Patrick Cryne the whole of the £6.5 mill he was owed in cash for his various loans ? It would explain why Dog adopts the model of the previous owner keeping 20% of the cliub like he did at Nice (don't know the detail on Thun and Ostend). It would certainly lower the cash price Dog paid for Barnsley.

All you get from "share capital" is a share of any ongoing profits (unlikely at Barnsley), a share of the profits on selling the club and the prestige and power of being an owner. No doubt there are tax dodges to be had as well.

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Originally Posted by Romared

Morning Bill, it looks like it's down to you mate ,to give us a fans view ( of any matches you may get to see ) , most on here will give their view's via Quest or Sky of the games , admire your dedication and loyalty , I still think we will avoid the drop , but that could be down to my medication !! Keep safe Keep well , and Forza di Reds UTFLWG :heart:

P S i won't be watching this Iplayer thing either ,

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Serious question mi owd-

What odds would tha give onnuz stopping up ?

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Originally Posted by EastStandRed

How many clubs finish regularly above Barnsley in the football pyramid on 9k season ticket sales with very low serviceable debt ? We either try and generate money with this kind of recruitment to keep low debt or someone pumps millions into the club or the club takes out loans of millions of pounds. The club had debt of £6.5m to Cryne before that was changed to share capital plus we owed around £1.5m in transfer fees.

Point is even with a Cryne running a tight ship and some thinking he was tight with money we still owed millions. The idea of a club being self sustaining just on match day income in the Championship is very rarely possible. Just look at the clubs relegated every season. Usually 2 out of 3 have the lowest budget .... and we’re usually one of them XD

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I understand ESR that the club can't ever lose control of it's finances and neither would I want it to .

The impression given in the later stages of Patrick Cryne's tenure and the new ownership from day one is that finance is more important than the field of play .

That is how it looks , every transfer window fills you with dread , especially the January one .

Look at the sale of Brad Potts , George Moncur to our nearest promotion chasing rival for instance .

Further back Hourihane , Bree and Winnall when we were 7th in the Championship under Hecky .

We come back up under Stendel with wind in our sails and he has the spine of his team removed .

On every occasion other than January 2019 we lose impetus at this level , one step forward followed by two steps back .

The new guys come in and its a struggle at championship level because we stick rigidly to the policy , no loans , no experience , not even one or two just to appease the HC and at least look like they want to be competitive in this league .

I wouldn't mind so much but last summer the recruitment within the policy was a complete bag of shyte , they've actually had their pants pulled down on a number of players and they'll be lucky to even get a quarter back on what they paid for em ...... the very thing this policy is supposed to avoid .

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Originally Posted by EastStandRed

Im no fan of these owners but what other way is there for the club to be self sustainable. Before the consortium came along we were very reliant on funding from Patrick Cryne who put £11m into the club over 10 yrs in share capital mainly. For obvious reasons he felt he couldn’t continue to do this and we needed a new way of operating hence changing the recruitment policy. We still lose money now.

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I'm in agreement with the concept of the transfer policy and the way the club is run barring one thing- Why on earth we didn't we sign a couple of experienced Championship players last summer? That's all i want, It's common sense surely. Give me that and I can say hand on heart that I'd be far happier because I believe it would give us a much better chance to succeed in this division and also help our youngsters develop quicker. Staying in this division would keep the 7 million TV money coming in every season and has to be the objective.

Unfortunately they won't deviate from the rule that they've set and unless there's some sort of miracle in the next few weeks, it's gonna cost us relegation twice in 3 years, thus the loss of 14 million pounds TV revenue.

It's like sending a workforce of inexperienced labourers to build a skyscraper. Nobody in their right mind would do that and not expect any repercussions.

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Originally Posted by Romared

Morning Bill, it looks like it's down to you mate ,to give us a fans view ( of any matches you may get to see ) , most on here will give their view's via Quest or Sky of the games , admire your dedication and loyalty , I still think we will avoid the drop , but that could be down to my medication !! Keep safe Keep well , and Forza di Reds UTFLWG :heart:

P S i won't be watching this Iplayer thing either ,

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Good afternoon Roma.Yes I'll be there whenever it starts again,hopefully September/October,irrespective of which division.If I'm honest I'm looking forward to hugging my grandchildren more than attending a football match.I hope you're doing well with your recovery.You'll have brighter days to look forward to.As always keep safe.

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Originally Posted by SBRed48

Serious question mi owd-

What odds would tha give onnuz stopping up ?

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Am norra betting man really , so atta gess ad githi 10/ wun , reerson a think thuz morethun 4 or 5 others besides bottum 3 teerms lookin ovva tha sholders , them " Bigger Clubs " cud struggle more than us laikin in front of no crowds , it's hard tu se ,
Racing ,, mi Brothers part share Hoss runs this aft @ 4 50 pm sumweer , a carnt gerrart to backit tho ,
" Blame it on Sally" but dunt blame it on me iffit loyzuz !

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Originally Posted by Romared

Am norra betting man really , so atta gess ad githi 10/ wun , reerson a think thuz morethun 4 or 5 others besides bottum 3 teerms lookin ovva tha sholders , them " Bigger Clubs " cud struggle more than us laikin in front of no crowds , it's hard tu se ,
Racing ,, mi Brothers part share Hoss runs this aft @ 4 50 pm sumweer , a carnt gerrart to backit tho ,
" Blame it on Sally" but dunt blame it on me iffit loyzuz !

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Who shall we blame it on then?

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Originally Posted by jules88

who shall we blame it on then?

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sally !! :o