Club takes up option of extra year for Mowatt

[bill46]

It would appear you are looking at it with BFC eyes on Bill and I'm afraid our dear owners do not have anything like that kind of emotional bond towards the club .

Happy enough to wear a silly red n white hat and take a open top bus ride when the club is successful but that's about as far as it extends .

We are living in unprecedented times and the economy is going to take the biggest hit the vast majority of us have ever seen .

The transfer market is the sole reason they bought the club and once it collapses as it will then there's very little for them here because then it will require capital outside of the transfer market , there's isn't enough money outside of the transfer market to run the club to any satisfaction .

It then becomes a monkey on their backs , the market they identified as a means to future profit and to self sustain the club no longer exists .

It's not particularly difficult to join the dots Bill if you accept the fact the ownership are here to make money on investment and haven't bought the club for love .

Thanks for the reply.I only said I was pleased that Mowett had signed the extended contract.I was a bit concerned what you put about administration .I take that now as your personal view and not something you had been told.
My view on any football owners is that they don't want to make a loss.If you go back a few years back P.C signed players like Lita,Treacy and the like.The result was over the hill players on big wages who turned out to be poor deals financially and on the playing side.He then fetched in buying younger players who would have a resale so the club could progress.Now looking at the league table we can all argue that because the owners have carried on P.C brain child we find our selves at the bottom of the Championship and theres no doubting some of the transfer policy hasn't work.For any club the way to make money is to try and find a formula that will bring success.At the moment we haven't achieved that but theres no way on Gods earth the owners have made a round coin yet.I understand peoples scepticism on owners that are not from the Uk and are here to make a fortune but they can only achieve that with long term success,you don't get paid for failure.
Personally I don't think the owners will bale out but that's just my opinion.
If when we get back to normal football ie playing in grounds with crowds etc and the owners are still here would accept that your views were wrong.If they walk away I will give the biggest apology ever and supply free beers to the members of Tykesmad.

[animallittle3]

Thanks for the reply.I only said I was pleased that Mowett had signed the extended contract.I was a bit concerned what you put about administration .I take that now as your personal view and not something you had been told.
My view on any football owners is that they don't want to make a loss.If you go back a few years back P.C signed players like Lita,Treacy and the like.The result was over the hill players on big wages who turned out to be poor deals financially and on the playing side.He then fetched in buying younger players who would have a resale so the club could progress.Now looking at the league table we can all argue that because the owners have carried on P.C brain child we find our selves at the bottom of the Championship and theres no doubting some of the transfer policy hasn't work.For any club the way to make money is to try and find a formula that will bring success.At the moment we haven't achieved that but theres no way on Gods earth the owners have made a round coin yet.I understand peoples scepticism on owners that are not from the Uk and are here to make a fortune but they can only achieve that with long term success,you don't get paid for failure.
Personally I don't think the owners will bale out but that's just my opinion.
If when we get back to normal football ie playing in grounds with crowds etc and the owners are still here would accept that your views were wrong.If they walk away I will give the biggest apology ever and supply free beers to the members of Tykesmad.

Well that's where you and I differ when you say " when we get back to normal "

Personally I don't envisage that happening within the EFL .

For several years now clubs have chanced their arm and have become up to their nacker in debt and I feel this pandemic will be the reason it finally goes over the cliff .

Once the transfer market collapses within the EFL we don't have anybody to buy our players from us , generally speaking our top talent that is sold is generally sold to Championship clubs .

The saleable talent within the squad at present would only go to Championship clubs , it's difficult to make a case for anyone who is good enough for the PL .

I'm not suggesting the owner's have had a profit out of the club at this moment in time but with what's coming down the road economically it will be a case of dumping the toxic stock and clearing off before they do get severely burned .

The reality is the clubs model no longer exists without a transfer market to operate in .

[bill46]

Well that's where you and I differ when you say " when we get back to normal "

Personally I don't envisage that happening within the EFL .

For several years now clubs have chanced their arm and have become up to their nacker in debt and I feel this pandemic will be the reason it finally goes over the cliff .

Once the transfer market collapses within the EFL we don't have anybody to buy our players from us , generally speaking our top talent that is sold is generally sold to Championship clubs .

The saleable talent within the squad at present would only go to Championship clubs , it's difficult to make a case for anyone who is good enough for the PL .

I'm not suggesting the owner's have had a profit out of the club at this moment in time but with what's coming down the road economically it will be a case of dumping the toxic stock and clearing off before they do get severely burned .

The reality is the clubs model no longer exists without a transfer market to operate in .

I agree about the normal bit I don't know what normal is anymore.As for the finances as far as I know we had no debt but obviously due to the virus and no income streams the money used for the running of the club will be eaten into.I fear more for other clubs who were in massive debt and this situation have left them teetering on the edge.
On the clubs model part I don't know of many clubs that don't sell to keep the wheels turning.The transfer market as always lept our club afloat and even paid for the ground changes at Oakwell. Lets hope we come out of this lean spell with our heads above water.The clubs who have gambled by trying to cheat there way to the Premiership are the ones on a cliff edge.

[animallittle3]

Prophet of doom. Too much time on his hands. Watering those geraniums has gone to his head.

Steve , some of us are old enough to have lived through tough economic times and how that plays out at Oakwell .

In 1982 we averaged just over 15k for second division football , by 1984 it was down to 5k because of the effects of the miners strike on the club .

Bear in mind too that football at that time was still a relatively cheap afternoon out .

Unlike today .

[animallittle3]

I have to agree with Animal. When the brown stuff hits the fan the club will be closed, run down, or priced out of the market so that it goes bankrupt. The owners will have already got their original investment back, and more. No evidence from me...These type of people won’t have any qualms about shutting it down, and as seen at Bury, the eEFL just won’t care.

The glimmer of light Jules is that James Cryne still holds a 20% stake and is a big fan of the club .

If James has the financial means and will it maybe possible that he could purchase from the existing owners an extra 31% giving him 51% .

It would then be a case of attracting other investors to purchase the remaining 49% .

No easy task but not impossible either .

[Jules88]

The glimmer of light Jules is that James Cryne still holds a 20% stake and is a big fan of the club .

If James has the financial means and will it maybe possible that he could purchase from the existing owners an extra 31% giving him 51% .

It would then be a case of attracting other investors to purchase the remaining 49% .

No easy task but not impossible either .

Do we think he has Grown the “Will” He wasn’t up for it before? I would hope he has, but I think that Messrs Conway, Lee and her will want a lot more than James will be prepared to gamble on his own skill to run this club. I hope I’m wrong, yet I can’t see it.

[pass_and_move]

Assuming that the consortium took out a £20million loan to purchase the club then I'd suggest that the likelihood of having paid off even the interest on that loan over the last 30 months is remote. How would they be able to walk away from that with their other business investments intact or unscathed if BFC went to the wall?

[animallittle3]

Assuming that the consortium took out a £20million loan to purchase the club then I'd suggest that the likelihood of having paid off even the interest on that loan over the last 30 months is remote. How would they be able to walk away from that with their other business investments intact or unscathed if BFC went to the wall?

I don't think they paid £20m Pass although that's the number that was rumoured at the time .

It appears from what I've read on bbs and again its open to debate the figure was probably half that .

[Jules88]

I don't think they paid £20m Pass although that's the number that was rumoured at the time .

It appears from what I've read on bbs and again its open to debate the figure was probably half that .

Probably borrowed from a company they own too ( allegedly)

[bill46]

Probably borrowed from a company they own too ( allegedly)

So if they borrowed money from a company they own its there money or have I missed summet.