#41
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70% of businesses go belly up within three to ten years, depending on how you calculate it. Probably 90% of football clubs have been going for a hundred years, even taking Goldberg and Jordan into account. To view the link you have to Register or Login
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They raised beetroots in the air and shouted F**k Capitalism |
#42
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Autocorrect rather fekked that joke up.
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Well swivel on this one, because Crystal Palace sell 34 different designs of hat and cap. Thirty-f*cking-four?! |
#43
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On the slippery slope, for sure.
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Don't vote - it only encourages them |
#44
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Given what has happened at Cardiff and what is currently happening at Southampton and Hull I find myself increasingly thankful we're owned by, relatively less well off, fans than multi-millionaire foreign investors.
Never would have thought that a few years back.
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#JFPK #InCGWeTrust #AskNeteller |
#45
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#46
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The Guardian article is not explicit but some comments seems to lean that way: "The relationship between the executive chairman and owner at Southampton had fractured beyond repair over Katharina's [Liebherr] apparent desire to sell the asset left to her when Markus died in 2010"; and "It is understood there were also differences of opinion over how much Cortese would be due should the Liebherr Group push through a sale". I am not clear at all about what is going on here but regardless of whether we would benefit or not, which sems unlikely given how far ahead of the pack Southampton are, it would be a shame if a good model for club development was adversely affected by arguments over financial structuring.
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Where am I goin'? I don't know. When will I be there? I ain't certain. What will I get? I ain't equipped to say. |
#47
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I do not think it is insignificant that this has happened during the transfer window either - it is quite possible that when NC went back and asked for more cash for "investment" the family finally said no. I have been expecting it to happen at some point since the owner died - I'm only surprised it has taken so long. I have noticed people talking about investment - a football club is not an investment in any traditional sense only in footballing terms- you put money in and you get football glamour publicity and fame out. Very very rarely someone may make some money out of it as well but there really doesn't happen very often at all.
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Turned out the Trust was just for Crisis Last edited by sw16girl; 16-01-2014 at 10:11 AM. |
#48
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It is a concern for me just how much it costs to be competitive in this league and whether we can, therefore, ever truly rebuild the infrastructure. If trying to do that means we have quite a prudent January (relatively speaking) then so be it. |
#49
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Not seen recent figures but i think they wrote off £33m of debt after they came up into the Championship. I doubt they have been running at a profit since.
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#50
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Closet Saints fan... Not seen the figures my arse!
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#51
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However, to deal with this point. I understand that Liebherr wants to restructure the board so that decisions are not [edit] in the hands of a single owner e.g. she aims to appoint a Chief Exec. Perhaps this is a factor in Cortese's departure who perhaps sees the Saints as more of an investment stream than the main owner does. On wider features of the club, and whether they are a model or not, I thought I was following a line that had been taken by others on the BBS and indeed from within the club if I am remembering correctly. This view would centre particularly on Southampton's development of young players and their gamble on players bought relatively cheaply. Then there's their training facilities which I understand have been looked at by other clubs, and the way they established a strategy when they were turned around and have followed that through, not unlike Swansea.
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Where am I goin'? I don't know. When will I be there? I ain't certain. What will I get? I ain't equipped to say. |
#52
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I agree with SW16, and not for the first time I might add, meaning that generally she must make a lot of sense.
No doubt Southampton have been run well by Cortese, who has put the obscene amounts of money thrown at the club to good use. But in many senses, like our esteemed chums on the Sussex coast, Southampton benefitted from somewhat of a perfect storm. Large injections of cash, time to build a squad and infrastructure in a lower league, and so on. However, unlike Brighton, theirs was not an empire built on sand that we were able to ruin by shitting all over their team on the pitch. But it's somewhat hard for me to understand why a man with seemingly little emotional attachment to the club would continue to pour cash into it even after his death, and not the slightest bit surprising that his surviving relatives, who have waited patiently for him to pop his clogs so they can snort, imbibe and debauch away his inheritance, are mightily pissed off. It'd be like one of us likecking our lips in anticipation of finally being able to finance week long mud wrestling bikini competitions between Katy Perry and Scarlett Johansson in our living rooms, only to discover that instead, the money will need to go towards the youth academy at Grasshoppers Zurich for the next twenty years. That sucks, man.
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How about a round of applause for the Americans? |
#53
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Read the article! The £33m owed to the Liebherr's was converted into equity, so they will get it back if the club is sold. Given Premiership income, new stadium and a youth production line that make's ours look average, they would be a very attractive proposition. Ask yourself why so many of our teams are foreign owned. If you are in the Premiership or have hopes of getting there, there is big money to be earned.
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#54
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SOUTH LONDON AND PROUD |
#55
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#56
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I've got bad news for you about Kerry Dixon and Jody Morris.
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#57
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Kerry Dixon was on the bench for one of my Saturday League opponents just before Christmas. Didn't get to come on.
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I am Jack's complete lack of surprise. |
#58
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You forgot to add "and in some cases keeps you in the public eye so bad "accidents" can't happen to you".
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#59
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Agreed, also is Chelsea such a bad investment for Roman, he has seen his team win pretty much every trophy and owns a club whose ground and training ground sits on some of the most expensive land in the world.
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#60
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In any case it depends on what he wanted out of it. If you want a sensible return on investment based on the capital employed (and the risk the capital is exposed to) then you don't invest in football. Plenty of people end up with a small fortune after investing in a football club, most of them started with a larger one though.
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The Defector looks like no other breaking pitch in the game. It is well-supinated, leaving the right hand of Fernandez at a fastball trajectory before the laws of physics cease to apply and the laws of awesome take over. Last edited by Adlerhorst; 16-01-2014 at 01:38 PM. |
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