| How rich do you need to be to own a football club in the Championship? 10:28 - May 9 with 4481 views | Heathlander |
ME is on paper worth £750 million. But realistically he doesn't have that money in the bank to throw at ITFC. He also runs a multi-million pound business empire so he probably doesn't even give much time or thought to us.
Someone like Jack Walker at Blackburn sold his business and put millions into his team to allow them to win the premier league. At the time it was his sole focus unlike ME.
So for example, Ed Sheeran is worth £60 million. Now this is not enough to make us a force if he were to say buy the club off Evans for a £1. Not that this has even crossed his mind.
My question is how much spare cash not tied up in business would someone need to make us a premiership team again. And also do we think that they would need to have ITFC as their sole focus rather then another part of their empire?
I doubt there is anyone out there with that much spare cash and inclination to make us that force again. It's an expensive old business the championship football malarkey. |  | | |  |
| How rich do you need to be to own a football club in the Championship? on 10:29 - May 9 with 3512 views | hype313 |
How much are the parachute payments? look at those and then you will see what's needed to be competitive. |  |
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| How rich do you need to be to own a football club in the Championship? on 10:36 - May 9 with 3479 views | Stenvict |
I saw something the other day saying who the top 10 richest football club owners are. 2nd was the Deportivo owner who is worth $57 Billion, yet they are hovering above the relegation zone in La Liga.
Imagine the Deportivo equivalent of TWTD. |  |
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| How rich do you need to be to own a football club in the Championship? on 10:37 - May 9 with 3470 views | Muncher |
It's impossible to say.
However, if you are funding a championship club to the tune of £20m a year, you would sensibly not want to spend more than 20% of your disposable cash on the club, meaning your business needs to be earning about £150m a year, which probably puts you in the £2bn net worth bracket. | | | |
| How rich do you need to be to own a football club in the Championship? on 10:38 - May 9 with 3463 views | Guthrum |
It's one of the reasons oil sheikhs have done so well. Much of their wealth is pure cash income (often helped by a blurring of lines between state and personal property). |  |
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| How rich do you need to be to own a football club in the Championship? on 10:39 - May 9 with 3466 views | CaptainObvious |
yeah but ed sheeran increased his wealth by about £40m last year, which would be enough for each season, he just has to keep 30 records in the top 10 and do 500 concerts a year to keep it going. |  |
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| How rich do you need to be to own a football club in the Championship? on 10:46 - May 9 with 3428 views | ElderGrizzly |
I think you need to be rich enough or not averse to the risk to be prepared to lose £20m a season to truly compete at the top.
Evans simply isn't either of those and I can't imagine there are many out there. [Post edited 9 May 2017 10:47]
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| How rich do you need to be to own a football club in the Championship? on 10:56 - May 9 with 3382 views | Muncher |
| How rich do you need to be to own a football club in the Championship? on 10:46 - May 9 by ElderGrizzly |
I think you need to be rich enough or not averse to the risk to be prepared to lose £20m a season to truly compete at the top.
Evans simply isn't either of those and I can't imagine there are many out there. [Post edited 9 May 2017 10:47]
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Investing in a football club is also a terrible investment, so you are really looking for someone who has so much cash they literally can't think of any other good use to put it to, other than paying footballer's wages. | | | |
| How rich do you need to be to own a football club in the Championship? on 10:58 - May 9 with 3371 views | PrideOfTheEast |
| How rich do you need to be to own a football club in the Championship? on 10:46 - May 9 by ElderGrizzly |
I think you need to be rich enough or not averse to the risk to be prepared to lose £20m a season to truly compete at the top.
Evans simply isn't either of those and I can't imagine there are many out there. [Post edited 9 May 2017 10:47]
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I think that's about right. There certainly aren't many in the UK, and clearly nobody in Suffolk.
This £750m that's chucked about is highly speculative. Clearly it's very difficult to value somebody's wealth when everything is privately owned. From what I understand, the value, and crucially for Evans the competition in the conference and events industry has diminished in the last 5 years. There would not be the queue at his door looking to buy that part of his group if he wanted out which must make him worth less than he was say 5 or 10 years ago. | | | |
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| How rich do you need to be to own a football club in the Championship? on 11:00 - May 9 with 3355 views | taximan |
| How rich do you need to be to own a football club in the Championship? on 10:46 - May 9 by ElderGrizzly |
I think you need to be rich enough or not averse to the risk to be prepared to lose £20m a season to truly compete at the top.
Evans simply isn't either of those and I can't imagine there are many out there. [Post edited 9 May 2017 10:47]
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we are competing in the equivalent of a premier league 2 on a league one budget
i imagine it would take investment of 10 - 15 mill in transfer fees for the next 3 or 4 transfer windows to get us competitive again, the financial landscape of the championship has changed dramatically over the last few years and we have been left a long way behind. | | | |
| How rich do you need to be to own a football club in the Championship? on 11:00 - May 9 with 3356 views | chicoazul |
| How rich do you need to be to own a football club in the Championship? on 10:29 - May 9 by hype313 |
How much are the parachute payments? look at those and then you will see what's needed to be competitive. |
But conversely parachute payments are no guarantee of anything. Good ownership of one kind or another seems to be the key. Blackburn Wigan Villa have all suffered for bad decisions being taken at the very top. |  |
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| How rich do you need to be to own a football club in the Championship? on 11:03 - May 9 with 3336 views | taximan |
| How rich do you need to be to own a football club in the Championship? on 11:00 - May 9 by chicoazul |
But conversely parachute payments are no guarantee of anything. Good ownership of one kind or another seems to be the key. Blackburn Wigan Villa have all suffered for bad decisions being taken at the very top. |
money guarantees nothing
however, no money guarantees relegation
this is the situation we now find ourselves in | | | |
| How rich do you need to be to own a football club in the Championship? on 11:17 - May 9 with 3306 views | StokieBlue |
Brighton's benifactor is much poorer than ME but he's a fan so he doesn't mind spending the money.
It's all about whether it's treated as a business or something they care about.
SB |  |
| Avatar - IC410 - Tadpoles Nebula |
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| How rich do you need to be to own a football club in the Championship? on 11:19 - May 9 with 3294 views | taximan |
| How rich do you need to be to own a football club in the Championship? on 11:17 - May 9 by StokieBlue |
Brighton's benifactor is much poorer than ME but he's a fan so he doesn't mind spending the money.
It's all about whether it's treated as a business or something they care about.
SB |
the answer to that is blatantly obvious !!!!! | | | |
| How rich do you need to be to own a football club in the Championship? on 14:46 - May 9 with 3127 views | Scuzzer |
Suffolk born Bernie Ecclestone has £1.5bn. He's not doing much nowadays. |  |
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| How rich do you need to be to own a football club in the Championship? on 14:57 - May 9 with 3094 views | trncbluearmy |
At the moment Evans is losing money hand over fist and is not putting enough in to make the team competitive.
Selling may be an option but not overly attractive, so what he needs is a partner or two.
This would reduce his shareholding,but between him and partner(s) they would be able to fund the club so that it gives a manager a fighting chance.
Of course his share of theprofit would be less but at least he could be looking at a profit rather then losing money year on year. |  | | |
| How rich do you need to be to own a football club in the Championship? on 15:40 - May 9 with 3039 views | MJallday |
| How rich do you need to be to own a football club in the Championship? on 10:36 - May 9 by Stenvict |
I saw something the other day saying who the top 10 richest football club owners are. 2nd was the Deportivo owner who is worth $57 Billion, yet they are hovering above the relegation zone in La Liga.
Imagine the Deportivo equivalent of TWTD. |
spanish twtd? now theres a thought
"bloody gibraltans, invading our village greens"
"messi or ronaldo" which was better
"rijkaard or van gaal"? which was worse
favourite brand of manchego
"wheres the best place to park at barcelona airport?"
"breaking valencia news"
then theres the thought of the users
"senior taximan"
"crazyEnglandishlady"
etc... |  |
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| How rich do you need to be to own a football club in the Championship? on 15:48 - May 9 with 3016 views | ElderGrizzly |
| How rich do you need to be to own a football club in the Championship? on 11:17 - May 9 by StokieBlue |
Brighton's benifactor is much poorer than ME but he's a fan so he doesn't mind spending the money.
It's all about whether it's treated as a business or something they care about.
SB |
Brighton's owner is literally a professional gambler, who also happens to be a fan. Makes a huge difference | | | |
| How rich do you need to be to own a football club in the Championship? on 15:50 - May 9 with 3008 views | BLUEBEAT |
Speculate To Accumulate!
What if ME went this way on initial procurement? Bought instant success. Where would we be now? |  |
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| How rich do you need to be to own a football club in the Championship? on 16:00 - May 9 with 2987 views | Clapham_Junction |
Am I alone in being uneasy about people wanting an owner to put in £Xm every year? For me this isn't what Town are about as a football club, and the ME era has seen us move further and further away from the old ITFC.
I appreciate it would be difficult, but I'd much rather see the club being run on a break-even benefit (or a small loss that we could recoup by selling a decent player every couple of seasons) and be pushing for a proper licencing system like they have in Germany that will wind in the spending. |  | | |
| How rich do you need to be to own a football club in the Championship? on 16:06 - May 9 with 2966 views | BrightonEye |
| How rich do you need to be to own a football club in the Championship? on 15:48 - May 9 by ElderGrizzly |
Brighton's owner is literally a professional gambler, who also happens to be a fan. Makes a huge difference |
While BHA chairman Tony Bloom does indeed gamble on the professional circuit, that's more like a hobby. His [undisclosed] wealth comes from various property and business interests here and overseas.
It's not easy to get solid facts about any individual's private wealth. But their expenditure is far more visible, obviously. Tony Bloom has 'invested' some £250m in the club to date, of which £125m was for the Amex stadium, with a further £30m for the Lancing training ground.
In strict financial terms, Brighton are in debt to Tony Bloom, through a series of interest-free loans that become repayable in 2023. If that is not possible, the outstanding debt will be converted into equity. Meaning that, in effect, Bloom will then have written off all of the debt. It remains to be seen how much promotion to the Premier League will change the overall financial picture.
But there's no doubt that Bloom is in it for the long haul. He represents the third generation of his family to serve as a BHA director, and has declared his commitment to passing on the club in due course to his children. | | | |
| How rich do you need to be to own a football club in the Championship? on 16:10 - May 9 with 2943 views | Swansea_Blue |
| How rich do you need to be to own a football club in the Championship? on 11:03 - May 9 by taximan |
money guarantees nothing
however, no money guarantees relegation
this is the situation we now find ourselves in |
I wouldn't say no money guarantees relegation, but it certainly makes it harder to compete. I think transfer/signing fees are a bit of a red herring and that wages are the real problem. There's more room to be a wheeler dealer in signings than there is in retaining and attracting players on a shoestring wage budget.
Not sure where we are now on wages, but it was all in that Swiss Ramble piece a couple of months ago. [Post edited 9 May 2017 16:14]
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| How rich do you need to be to own a football club in the Championship? on 16:15 - May 9 with 2924 views | Stenvict |
| How rich do you need to be to own a football club in the Championship? on 15:40 - May 9 by MJallday |
spanish twtd? now theres a thought
"bloody gibraltans, invading our village greens"
"messi or ronaldo" which was better
"rijkaard or van gaal"? which was worse
favourite brand of manchego
"wheres the best place to park at barcelona airport?"
"breaking valencia news"
then theres the thought of the users
"senior taximan"
"crazyEnglandishlady"
etc... |
Betting reviews on the bullfighting by The_Benidorm_Blue aka 'Benny' | |
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| How rich do you need to be to own a football club in the Championship? on 16:31 - May 9 with 2906 views | C_HealyIsAPleasure |
| How rich do you need to be to own a football club in the Championship? on 16:06 - May 9 by BrightonEye |
While BHA chairman Tony Bloom does indeed gamble on the professional circuit, that's more like a hobby. His [undisclosed] wealth comes from various property and business interests here and overseas.
It's not easy to get solid facts about any individual's private wealth. But their expenditure is far more visible, obviously. Tony Bloom has 'invested' some £250m in the club to date, of which £125m was for the Amex stadium, with a further £30m for the Lancing training ground.
In strict financial terms, Brighton are in debt to Tony Bloom, through a series of interest-free loans that become repayable in 2023. If that is not possible, the outstanding debt will be converted into equity. Meaning that, in effect, Bloom will then have written off all of the debt. It remains to be seen how much promotion to the Premier League will change the overall financial picture.
But there's no doubt that Bloom is in it for the long haul. He represents the third generation of his family to serve as a BHA director, and has declared his commitment to passing on the club in due course to his children. |
Isn't his main business interest Starlizard, which is an err, gambling syndicate?
Ps. Will be a shame not to visit your lovely, lovely stadium next year |  |
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| How rich do you need to be to own a football club in the Championship? on 17:29 - May 9 with 2836 views | dirtyboy |
| How rich do you need to be to own a football club in the Championship? on 10:58 - May 9 by PrideOfTheEast |
I think that's about right. There certainly aren't many in the UK, and clearly nobody in Suffolk.
This £750m that's chucked about is highly speculative. Clearly it's very difficult to value somebody's wealth when everything is privately owned. From what I understand, the value, and crucially for Evans the competition in the conference and events industry has diminished in the last 5 years. There would not be the queue at his door looking to buy that part of his group if he wanted out which must make him worth less than he was say 5 or 10 years ago. |
I felt initial valuations were based on his attempt to buy a newspaper for £400m, but that would have been a leveraged purchase much like the Glazers.
Newspapers aren't the business they were either, so he dodged a bullet there in any case.
I'd guess he's blown far more than he intended to, got caught up in chasing it and simply has to reign it in. I wouldn't be surprised if the £5-6m per season is too much for him. |  | | |
| How rich do you need to be to own a football club in the Championship? on 17:30 - May 9 with 2832 views | PrideOfTheEast |
| How rich do you need to be to own a football club in the Championship? on 17:29 - May 9 by dirtyboy |
I felt initial valuations were based on his attempt to buy a newspaper for £400m, but that would have been a leveraged purchase much like the Glazers.
Newspapers aren't the business they were either, so he dodged a bullet there in any case.
I'd guess he's blown far more than he intended to, got caught up in chasing it and simply has to reign it in. I wouldn't be surprised if the £5-6m per season is too much for him. |
His offer for the mirror was heavily (almost wholly) backed by Barclays | | | |
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