Asset strippers with the players as the assets
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Show me the evidence where this club has grown in four years under this lot ? .
Just exactly how do you grow a company by not investing anything in to it and instead what cash you do have you pay yourself it ?
How do you grow a business by alienating your customers ?
Wave a magic wand perhaps and a huge puff of smoke delivers the ownership a good profit .
The thing is you don't know know anything because PMG haven't told you what the plan is and what's more they never will even if such a plan exists at all .
Asset strippers with the players as the assets
Before Nice was sold it was asset stripped by selling all the major players, the last one being St Maximin to Newcastle. This brought a transfer surplus of £41mill, most becoming a dividend for the owners Having downsized the club and retaining the profit the next step was to sell the club for a profit of £60 million.
No Nice fans rejoiced at their "cute business sense" Nudge. They were left with a shell of their former club and Conway laughed all t he way to his Hong Kong money reserves
Last edited by SBRed48; 12-10-2021 at 05:03 PM.
Business
... 23000x £30 is greater than 11000 season tickets that were coming anyway.... i mean as the name suggests im no Hawkins . But even i can see that
Here's sone remarkable facts... .
The amount still owing to the Cryne family for the sale of Barnsley Football Club was £3.5m .
It was agreed with PMG that the £3.5m would be paid at £250k per quarter .
So far of the £3.5m PMG still owe they have paid £750k of it off .
Then the dispute started and so no other payments to the Cryne family were made .
PMG have since then taken the step to pay themselves the £750k back from out of the football clubs funds that was paid to the Cryne family .
At this moment in time PMG have only paid £4m for the club which was paid in the first instance when they keys to the club were handed to them in December 2017 .
It’s brilliant this debate in it !!!
Loving it.
Nar then ….. a bit of copy and paste …
French Ligue 1 club Nice has been bought by Ineos, the chemical company founded by British billionaire Sir Jim Ratcliffe.
Ratcliffe, who is Britain's third richest man, had reportedly made a €100m (£88.77m) offer for the club earlier this year.
I’d be over the moon - even if the club sold its best players before agreeing to sell the club to someone like this.
As for investment into the club.
They cleared the deck - including the manager Hecky - when these owners first arrived.
And then set about introducing young players and managers that could play a high pressing game.
Excluding the wages being paid out - let’s have a list of players and what they were reportedly cost (£M)
Kane 1.2
Benson 1
Odour 0.3
Wilks 1
Helik 0.8
Britton 0.3
Morris 0.35
Frieser 0.8
Halme 0.65
Mads 0.5
Leya 1.7
Obbi 1.2
Styles 0.4
Kitchen 0.6
…….. etc etc etc
Look down the list of signings since these owners arrived and there is a long list of players - most of them costing between £300k to about £1.5 million.
Some will dispute those figures - there’s only people at the club that know the actual price - but the principle thing here is that we have never seen so many quality players brought in that have cost this sort of money.
Sales …….
Brown 2
Kieffer 2
Potts 2