| Delia and her club 10:27 - Jan 7 with 7191 views | PositivelyPortman |
I recently read or saw an interview with Delia, where she spoke of how she became involved with Norwich.
She said that at the time they were in the third tier, and she received a letter asking if she’d be interested in investing some money in the club.
Apparently, Norwich were struggling financially, and someone suggested writing to local businesses and celebrities to see if they may be happy to invest something to help them along.
I wonder if this thought or plan of attack has even crossed any of our “executives” minds in recent weeks?
We can only dream of a club that is run as successfully as theirs - even if she is on the lookout to move on herself at some point. |  |
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| Delia and her club on 10:32 - Jan 7 with 4586 views | Pendejo |
HOWEVER, we are owned by ME not shareholders. Naaaridge were / are owned by shareholders, thus injection of cash in return for shares is relatively straightforward. |  |
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| Delia and her club on 10:33 - Jan 7 with 4574 views | wkj |
I think the bridges between ITFC and a lot of local businesses are still not quite repaired enough yet for this to garner much effort.
Pretty ridiculous though isn't it, A club with a an incompetent pi$s head chairman has a much better operation than a distinguished business man with a 5 point plan. |  |
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| Delia and her club on 10:36 - Jan 7 with 4550 views | No9 |
Delia did a lot of good things that other small Town clubs should consider.
The stadium isn't just fo football, the 'alternative' but houses other enterprises that pay a lot of the bills so there is more money for football.
A 'football' man, with a record of succeess has been recruited to bring in good Continental & other players.
There is a lot of money in Norfolk & the owners of that money have been happy to lend NCFC that(not without controversy) in order for them to thrive. |  | | |
| Delia and her club on 10:39 - Jan 7 with 4535 views | PositivelyPortman |
| Delia and her club on 10:32 - Jan 7 by Pendejo |
HOWEVER, we are owned by ME not shareholders. Naaaridge were / are owned by shareholders, thus injection of cash in return for shares is relatively straightforward. |
Oh well - it was worth a shout. | |
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| Delia and her club on 10:41 - Jan 7 with 4517 views | MrTown |
| Delia and her club on 10:39 - Jan 7 by PositivelyPortman |
Oh well - it was worth a shout. |
In all seriousness, I think the debts are too high for anyone to seriously consider a purchase at the price I'd imagine ME would want considering we're on the brink of League 1 and about to lose another £6.3m in TV revenue.
We just have to ride the wave and drink a beer  |  |
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| Delia and her club on 10:47 - Jan 7 with 4481 views | Guthrum |
If a viable consortium could be put together, Evans might be interested in a partial buy-out, to reduce his exposure and recoup some of the losses. Problem is, it's not a very attractive prospect for investment at the moment. |  |
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| Delia and her club on 10:50 - Jan 7 with 4460 views | Darth_Koont |
Different times, I'm afraid. Back then, even accounting for inflation, the investment levels were relatively small (as were the profits and losses).
Nowadays you're asking people to invest millions with the likelihood they won't get anything back. The overall unsustainability of the model means that we're seeing a different breed of football owner nowadays - billionaires, oligarchs, oil money, shadowy consortiums ... the types of people who can't spend enough money anyway and can lose the entire investment without blinking.
And these people don't want to be minority shareholders either. |  |
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| Delia and her club on 10:50 - Jan 7 with 4458 views | wkj |
| Delia and her club on 10:47 - Jan 7 by Guthrum |
If a viable consortium could be put together, Evans might be interested in a partial buy-out, to reduce his exposure and recoup some of the losses. Problem is, it's not a very attractive prospect for investment at the moment. |
It really isn't and while the initial fee might be reachable, the glaringly obvious problem would revolve around the future running of the club and future investment.
Evans may be lousy at investing in a positive future, though he is at least financial life support for the time being. | |
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| Delia and her club on 10:50 - Jan 7 with 4457 views | Guthrum |
| Delia and her club on 10:41 - Jan 7 by MrTown |
In all seriousness, I think the debts are too high for anyone to seriously consider a purchase at the price I'd imagine ME would want considering we're on the brink of League 1 and about to lose another £6.3m in TV revenue.
We just have to ride the wave and drink a beer |
I doubt that Evans is really expecting to recoup the full value of the debts. As when he himself bought from Aviva, there is likely to be some significant discounting. | |
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| Delia and her club on 10:51 - Jan 7 with 4464 views | PhilTWTD |
| Delia and her club on 10:32 - Jan 7 by Pendejo |
HOWEVER, we are owned by ME not shareholders. Naaaridge were / are owned by shareholders, thus injection of cash in return for shares is relatively straightforward. |
More than anythng else, the financial side of the Championship now bears no relation to how it was when Delia got involved there.
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| Delia and her club on 10:51 - Jan 7 with 4444 views | JammyDodgerrr |
I'd be hesitant to call Norwich successfully run - without the maddison money this summer they would have been financially in huge trouble. 18M hole in the accounts IIRC.
I also don't think they expected Farke to turn it around this well after a dismal year last year. |  |
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| Delia and her club on 10:53 - Jan 7 with 4437 views | MrTown |
| Delia and her club on 10:50 - Jan 7 by Guthrum |
I doubt that Evans is really expecting to recoup the full value of the debts. As when he himself bought from Aviva, there is likely to be some significant discounting. |
He'll want a price for the club going forward. He'll want some of that hole in the accounts filled, it won't be cheap. | |
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| Delia and her club on 10:54 - Jan 7 with 4426 views | factual_blue |
| Delia and her club on 10:32 - Jan 7 by Pendejo |
HOWEVER, we are owned by ME not shareholders. Naaaridge were / are owned by shareholders, thus injection of cash in return for shares is relatively straightforward. |
We are owned by shareholders. Every company is.
ME owns 87.5% of them.
delia and her husband are also majority shareholders, so really that's not the difference. |  |
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| Delia and her club on 10:57 - Jan 7 with 4402 views | PhilTWTD |
| Delia and her club on 10:50 - Jan 7 by Guthrum |
I doubt that Evans is really expecting to recoup the full value of the debts. As when he himself bought from Aviva, there is likely to be some significant discounting. |
He isn't, as has been said on innumerable occasions over the last decade. The loans to the club weren't made with the expectation they would be paid back (and even if they had been he's got no chance of seeing that cash again as things stand). | | | |
| Delia and her club on 10:59 - Jan 7 with 4391 views | Guthrum |
| Delia and her club on 10:53 - Jan 7 by MrTown |
He'll want a price for the club going forward. He'll want some of that hole in the accounts filled, it won't be cheap. |
Oh indeed. But given the circumstances and currently small likelihood of recovering a new owner's investment, he's not going to be able to ask for anything like the full £90m. | |
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| Delia and her club on 11:04 - Jan 7 with 4363 views | wkj |
| Delia and her club on 10:57 - Jan 7 by PhilTWTD |
He isn't, as has been said on innumerable occasions over the last decade. The loans to the club weren't made with the expectation they would be paid back (and even if they had been he's got no chance of seeing that cash again as things stand). |
I think you need to make a Blog it Phil and have it perma stickied - This will at least give you a few hours off a week surely | |
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| Delia and her club on 11:09 - Jan 7 with 4331 views | HARRY10 |
err weren't they in the 3rd tier in 2009, and I'm sure she was there way before that ? | | | |
| Delia and her club on 11:10 - Jan 7 with 4322 views | Guthrum |
| Delia and her club on 10:54 - Jan 7 by factual_blue |
We are owned by shareholders. Every company is.
ME owns 87.5% of them.
delia and her husband are also majority shareholders, so really that's not the difference. |
However, when a club has a number of more equal shareholders, it provides a wider base for spreading the cost of investment and reduces the impact of share issues.
At Town, with such a dominant majority shareholder, all the money has to come from one source and any share issue dilutes Evans' holding. For all the use they are in this situation, the 12.5% may as well not exist (unless they raised significant funds, or got together to sell their stake to someone who could). | |
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| Delia and her club on 11:11 - Jan 7 with 4335 views | PhilTWTD |
| Delia and her club on 11:04 - Jan 7 by wkj |
I think you need to make a Blog it Phil and have it perma stickied - This will at least give you a few hours off a week surely |
That some of the myths continue to circulate, particularly on social media, really doesn't help the debate and discussion. Probably worth putting together an FAQ on Town's finances. Here's a start:
- ME won't want all the loans made to the club over the years paid back if the club is sold.
- ME doesn't somehow make money via tax loopholes through his loans to Town.
- All fees received have been reinvested into the budget not gone into his pocket and out of the club.
I'm sure there are plenty more.
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| Delia and her club on 11:13 - Jan 7 with 4307 views | Guthrum |
| Delia and her club on 11:11 - Jan 7 by PhilTWTD |
That some of the myths continue to circulate, particularly on social media, really doesn't help the debate and discussion. Probably worth putting together an FAQ on Town's finances. Here's a start:
- ME won't want all the loans made to the club over the years paid back if the club is sold.
- ME doesn't somehow make money via tax loopholes through his loans to Town.
- All fees received have been reinvested into the budget not gone into his pocket and out of the club.
I'm sure there are plenty more.
This post has been edited by an administrator |
- ME no longer charges interest on the loans, hasn't done for some time. | |
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| Delia and her club on 11:13 - Jan 7 with 4304 views | wkj |
| Delia and her club on 11:11 - Jan 7 by PhilTWTD |
That some of the myths continue to circulate, particularly on social media, really doesn't help the debate and discussion. Probably worth putting together an FAQ on Town's finances. Here's a start:
- ME won't want all the loans made to the club over the years paid back if the club is sold.
- ME doesn't somehow make money via tax loopholes through his loans to Town.
- All fees received have been reinvested into the budget not gone into his pocket and out of the club.
I'm sure there are plenty more.
This post has been edited by an administrator |
- ME is not planning on building a casino or houses over the top of the training ground to make a few quid. | |
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| Delia and her club on 11:23 - Jan 7 with 4263 views | MrTown |
| Delia and her club on 11:11 - Jan 7 by PhilTWTD |
That some of the myths continue to circulate, particularly on social media, really doesn't help the debate and discussion. Probably worth putting together an FAQ on Town's finances. Here's a start:
- ME won't want all the loans made to the club over the years paid back if the club is sold.
- ME doesn't somehow make money via tax loopholes through his loans to Town.
- All fees received have been reinvested into the budget not gone into his pocket and out of the club.
I'm sure there are plenty more.
This post has been edited by an administrator |
But surely there will remain a counter argument to that?
- ME is a very smart man, I don't think he'd walk away from the club with such a gaping hole in his pocket.
- No one can prove for or against tax loopholes as we're not his accountant.
- Fees right now have been re invested into the function of the club, but if he then claims back money on the sale, technically some of that money will go into his.
Everything is opinionated around Evans, he lurks in the shadows, and if someone has told you them things from the club, they wouldn't say anything otherwise would they?
But like I said, nobody really knows. | |
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| Delia and her club on 11:25 - Jan 7 with 4250 views | stickymockwell |
| Delia and her club on 11:11 - Jan 7 by PhilTWTD |
That some of the myths continue to circulate, particularly on social media, really doesn't help the debate and discussion. Probably worth putting together an FAQ on Town's finances. Here's a start:
- ME won't want all the loans made to the club over the years paid back if the club is sold.
- ME doesn't somehow make money via tax loopholes through his loans to Town.
- All fees received have been reinvested into the budget not gone into his pocket and out of the club.
I'm sure there are plenty more.
This post has been edited by an administrator |
-ME's Testicles hang down to his knees |  |
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