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How do you know these clubs have deeper pockets? It's been mentioned on here a few times that Les Bradd let slip that they are extremely wealthy, it depends whether they think they can continue with the model as we hopefully go up the leaguesQuote:
Originally Posted by Evesham Pie
remains to be seen or they have to start spending bigger
The 72 ran an article last year that ranked the net worth of owners of Championship clubs. Not sure how accurate it was but only 5 of the clubs had owners worth less than £100m and 8 had owners worth over £1 billion. Being a Peterborough style competitive League 1 team would be a decent place to be, especially in light of our experiences since 2010.
As I understand it, our ownership is a consortium. I believe that the Bros' dad is involved and is a massively wealthy man. I don't think lacking money, nous or ambition is a problem.Quote:
Originally Posted by irishpete
I think though the tides changing again. We are now seeing Prem clubs now adhering to FFP and holding back this month. I think the fines being put out now are finally making the penny drop with some. I think if you’re sensible and smart as you mentioned with Peterborough you can definitely progress. I don’t want our owners to put silly money in as I don’t want to see us in the constant mess we’ve seen over the years. For example if they sold Langstaff for 2m I’d have no objection if they wanted to keep most of it, they’ve already put in millions.Quote:
Originally Posted by slack_pie
No doubt the Reedtz have money but there is wealthy and then there is really wealthy.
The Reedtz (including Peter, the father) don't appear in the list of 100 richest Danish families (where No 100 is worth about £200m). They have a company called Reedtz Invest ApS in Denmark which appears to be an investment company that has assets of about £11m. Plus they have Football Radar.
It's difficult to see whether there is some real money supporting any consortium as the owner of the shares in Notts is Reedtz Ltd based in the isle of Man. Interestingly the previous name of the company was Wrexham Ltd!
Much as i'd like to think we have the Lego billions behind us I suspect that we are financially supported by a wealthy family and associates who certainly have the resources and intent to get us to league 1 but I think beyond that it's harder to say.
Our revenue for this season is projected to be £20 million.This will include our sponsor deals attendances,cup run,record sales of shirts(over 35000) USA pre season tour (which made £8million) and our award winning docuseries ( 3rd series just been announced).Quote:
Originally Posted by Notts78
There is every indication that the series will continue next season.
We are in a very fortunate position financially and the aim is for the club to be sustainable.
We have an excellent manager with a very good team and are in a prime position for another promotion this season.
Good luck for the rest of the season see you all that the Racecourse in a few weeks
What's the plan for when the docuseries finishes though? You'll eventually hit a point where automatic promotion isn't nailed on, where you can't outspend the competition, and I'm not sure anyone In the US will care if you are 16th in the Championship. How do you then fund a Championship-sized wage bill with below-average Championship gates?Quote:
Originally Posted by Wrexham fan
Their dad is a billionaire. They're very private and Denmark don't really have the equivalent of companies house in regards to open information. They're linked with a consortium interested in buying Sampdoria, you need more than £11m for that!Quote:
Originally Posted by Evesham Pie
https://www.bbc.co.uk/sport/football/35696066
Now it could just be purely coincidence that two Danish groups wanted to buy Notts a couple of years apart, it could have been Trew making up a Danish Billionaire to drive the price up for Hardy OR some notoriously media shy Danish Billionaires wanted to purchase the club, Trew spouted his mouth off about their wealth so they left and picked up the club a couple of years later...
Given the healthy current and no doubt medium term financial position, why on earth do you need government money for your new stand?Quote:
Originally Posted by Wrexham fan
My understanding is we were turned down for Government monies ie so called levelling up scheme.Quote:
Originally Posted by Evesham Pie
The money for the stand I believe is coming from a number of sources RR/RM , Wrexham FC ,Private monies,Wales Transport and Council .
I honestly don't know the break down of the figures( and I suspect they won't be placed in the public domain).
The overall initiative is labelled Gateway to Wrexham and has total budget of £25 million of which the stand is about £10million.
As well as the stand being built there is plans for new roads and junctions to be built at the back of the stand .A new railway station at the back of the stand plus a new overhead walk way from the station to the ground.
There will also be a mega store built behind the stand and I think the dressing rooms and offices will be based in the stand..
There was also talk of a hotel being built but this has not been confirmed