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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? 10:08 - Jan 9 with 1323 viewsBrixtonBlue

Theoretically it's just a business to him... which, if he decided he didn't want to waste anymore money on it (not surprising now fans are turning against him), he could just wind up?

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:17 - Jan 9 with 1279 viewsGuthrum

Would be admin rather than winding up, as a buyer might still be found.

Also, we don't actually know the real level of Evans' emotional involvement in the club, after over a decade of ownership.

Good Lord! Whatever is it?
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:23 - Jan 9 with 1246 viewsRadlett_blue

Why on earth would Evans do that, as he would get next to nothing back?
If Evans wants out, he can write of the debt owed to his companies and then recoup £15-25m by selling a debt free Town, although imminent relegation has certainly reduced the value of Town to a buyer.
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:24 - Jan 9 with 1240 viewsStokieBlue

He certainly could stop loaning the club money which would result in it being unable to cover the bills and being put into admin. That would then mean finding a new buyer at a reduced price and probably writing off the loans or the club going to the wall eventually.

Given the vitriol he is getting from some of our economically illiterate fans who could blame him.

Apparently paying for a statue of Beattie would give him some good credit but paying 7m a year to ensure there actually is a football club doesn’t.

It’s bizarre.

SB

Nothing else needed

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:25 - Jan 9 with 1231 viewsBluefish

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:23 - Jan 9 by Radlett_blue

Why on earth would Evans do that, as he would get next to nothing back?
If Evans wants out, he can write of the debt owed to his companies and then recoup £15-25m by selling a debt free Town, although imminent relegation has certainly reduced the value of Town to a buyer.


Have You considered that a football club losing 6 million per year with a dwindling fan base might not be worth anything?

If there are enough protests I would expect Evans to pull the plug and slash all costs and sell players until we are cost neutral and then he will take what he can get.

They wish for this and got their way. Every village has an idiot and Suffolk has a lot of villages, Never been wrong, Odious smug little chap
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:26 - Jan 9 with 1221 viewsfooters

If he's a well practised Catholic, ME should be able to pull out without too much trouble.

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:27 - Jan 9 with 1214 viewsNoBru

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:24 - Jan 9 by StokieBlue

He certainly could stop loaning the club money which would result in it being unable to cover the bills and being put into admin. That would then mean finding a new buyer at a reduced price and probably writing off the loans or the club going to the wall eventually.

Given the vitriol he is getting from some of our economically illiterate fans who could blame him.

Apparently paying for a statue of Beattie would give him some good credit but paying 7m a year to ensure there actually is a football club doesn’t.

It’s bizarre.

SB


Fully agree with this, I think the guy gets more stick than perhaps he deserves due to people not seeing the bigger picture.
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:27 - Jan 9 with 1213 viewseireblue

I think that very unlikely.

Since that would be a guaranteed loss, versus a potential sale, that could mitigate some loss.

The unfortunate thing I could see is that what effective protests would do, is make ME accept a poorer offer. And that poorer offer could reflect the resource a new owner may have.

Eg effectively write off all debt, give the club away for a pound, just to get rid, and the we get a new owner that can pump in 6.5 Million.

At the moment he maybe thinking his other businesses are able to comfortably to subsidise ITFC, whilst he waits for a mad cash rich billionaire.
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:29 - Jan 9 with 1190 viewsRadlett_blue

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:25 - Jan 9 by Bluefish

Have You considered that a football club losing 6 million per year with a dwindling fan base might not be worth anything?

If there are enough protests I would expect Evans to pull the plug and slash all costs and sell players until we are cost neutral and then he will take what he can get.


With respect, there are almost always buyers for Football League clubs, as long as they don't come with large associated debts. The only issue is the price, and the price of Town will have fallen over the past year as a 3rd tier club is a less valuable asset. Yes, the new owner might not have the money to keep funding annual losses, but that wouldn't necessarily deter Evans from selling.
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:33 - Jan 9 with 1158 viewsBluefish

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:29 - Jan 9 by Radlett_blue

With respect, there are almost always buyers for Football League clubs, as long as they don't come with large associated debts. The only issue is the price, and the price of Town will have fallen over the past year as a 3rd tier club is a less valuable asset. Yes, the new owner might not have the money to keep funding annual losses, but that wouldn't necessarily deter Evans from selling.


The issue will always be that our fan base is just desperate to blame someone and there is no idea what it is that they want from an owner. What is the point in selling to someone who will out less in? What is the point in selling to someone that takes on external debt?

We are not a sleeping giant and we have no right to be above where we are now. A change of owner alone won't guarantee success, it will just mean the fans need a new target registration for a while. We are sizewise a top half league 1/bottom half championship club.

They wish for this and got their way. Every village has an idiot and Suffolk has a lot of villages, Never been wrong, Odious smug little chap
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:35 - Jan 9 with 1148 viewsElephantintheRoom

Why shouldn't he do exactly that? There is no value to the football club at present if you balance the wages due to poor players over their contract. So quitting soon saves him circa £7million. There are probably a few player sales that can be squeezed out - and the income due from players already sold via instalments. It used to be a good wheeze to go belly up and take your points deduction when it didn't matter eg this season. That convenient loophole has been closed I think. But why not hand the sinking ship over to a co-operative of supporters and local businesses under a new company based perhaps in the UK with an address in Ipswich? It worked for Portsmouth and Luton. And Playford Road could have Beattie Drive, Mariner Close, Crawford Ave in due course - a win win situation.

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:37 - Jan 9 with 1129 viewsclive_baker

Why would he wind up a business of significant worth? Presumably he would flog us debt free at a heavily discounted price before getting anything close to that point?

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:41 - Jan 9 with 1110 viewsJammyDodgerrr

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:17 - Jan 9 by Guthrum

Would be admin rather than winding up, as a buyer might still be found.

Also, we don't actually know the real level of Evans' emotional involvement in the club, after over a decade of ownership.


Think Milne mentioned on the podcast he's become a fan - or certainly his children have.

Appreciate it's from the MD who has worked for marcus for nearly twenty years, but it's not hard to believe he does have an emotional affinity with the club.

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:42 - Jan 9 with 1102 viewsclive_baker

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:25 - Jan 9 by Bluefish

Have You considered that a football club losing 6 million per year with a dwindling fan base might not be worth anything?

If there are enough protests I would expect Evans to pull the plug and slash all costs and sell players until we are cost neutral and then he will take what he can get.


Of course it's worth something. Even in L1 we've got c. £9m of Revenue almost guaranteed next season through ST sales (even at 8,000), commercial revenues and the reduced TV monies. Not to mention assets in the form of Bart, Dozzell etc. It wouldn't take a huge amount to make us profitable next season, the only question would be what impact that would have on our competitiveness. We could feasibly have a side of the likes of Woolfenden, Kenlock, Emmanuel, Bishop, Downes, Nydam, Lankaster, Morris etc and half our wage bill. I'm actually not massively convinced we would be any worse off on the pitch to be fair.

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 11:59 - Jan 9 with 979 viewsBrixtonBlue

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:24 - Jan 9 by StokieBlue

He certainly could stop loaning the club money which would result in it being unable to cover the bills and being put into admin. That would then mean finding a new buyer at a reduced price and probably writing off the loans or the club going to the wall eventually.

Given the vitriol he is getting from some of our economically illiterate fans who could blame him.

Apparently paying for a statue of Beattie would give him some good credit but paying 7m a year to ensure there actually is a football club doesn’t.

It’s bizarre.

SB


Indeed. Exactly this is my worry. There must come a point when he thinks "fook this!"

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 12:01 - Jan 9 with 963 viewsBrixtonBlue

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:23 - Jan 9 by Radlett_blue

Why on earth would Evans do that, as he would get next to nothing back?
If Evans wants out, he can write of the debt owed to his companies and then recoup £15-25m by selling a debt free Town, although imminent relegation has certainly reduced the value of Town to a buyer.


What he would get back is an extra £6m a year that he's throwing down the drain.

"then recoup £15-25m by selling a debt free Town" would entirely depend on there being a buyer.

That buyer, as well as losing "£15-25m" up front, would also be losing millions every year keeping us going.

Not exactly attractive is it?

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 12:13 - Jan 9 with 921 viewsBrixtonBlue

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:37 - Jan 9 by clive_baker

Why would he wind up a business of significant worth? Presumably he would flog us debt free at a heavily discounted price before getting anything close to that point?


As said above... he's making a loss season on season. Businessmen often wind up businesses making a sizeable loss (in this case millions). Even flogging us debt free and at a discount would still be costing someone millions (and millions more every season).

From a purely business point of view ITFC doesn't exactly look very attractive at the moment.

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 12:14 - Jan 9 with 899 viewsBluefish

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:42 - Jan 9 by clive_baker

Of course it's worth something. Even in L1 we've got c. £9m of Revenue almost guaranteed next season through ST sales (even at 8,000), commercial revenues and the reduced TV monies. Not to mention assets in the form of Bart, Dozzell etc. It wouldn't take a huge amount to make us profitable next season, the only question would be what impact that would have on our competitiveness. We could feasibly have a side of the likes of Woolfenden, Kenlock, Emmanuel, Bishop, Downes, Nydam, Lankaster, Morris etc and half our wage bill. I'm actually not massively convinced we would be any worse off on the pitch to be fair.


Our wages outweigh our income, it is not a great business model. BHS sold for a £1 so maybe we could match that if we have a decent pension fund

They wish for this and got their way. Every village has an idiot and Suffolk has a lot of villages, Never been wrong, Odious smug little chap
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 12:56 - Jan 9 with 785 viewsPinewoodblue

Would expect a new owner to look for ways of reducing overheads, in ways not realistically available to Evans. For example negotiate a significant reduce in the fees paid to the local council.


Matchday catering could be handed over to someone like Wetherspoons who would pay a nominal sum for everyone who attended a game. 30p would bring in £3,000 if attendance was 10,000. At least the bars would be properly staffed

All this is assuming relegation as if we stay up cannot see any urgent need for Evans to pull out. Town put a good run of results together and there would most likely to more Sky money coming in,

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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 13:44 - Jan 9 with 681 viewsblue62

Maybe if we all clubbed together we can buy him out.

If we could find say 15,000 supporters who all had £3k spare to invest each and then all invest another £700 each year we can all have a share and see how tough it is to run a club.
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 13:57 - Jan 9 with 636 viewsRadlett_blue

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 12:13 - Jan 9 by BrixtonBlue

As said above... he's making a loss season on season. Businessmen often wind up businesses making a sizeable loss (in this case millions). Even flogging us debt free and at a discount would still be costing someone millions (and millions more every season).

From a purely business point of view ITFC doesn't exactly look very attractive at the moment.


Hardly any football club looks an attractive investment as most lose money & survive because, for whatever reason, an owner is prepared to fund the losses. Town are no exception, but to state that no-one would take on a debt free Town and pay money for the club is absurd.
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 14:07 - Jan 9 with 598 viewsWhymarkmariner

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:26 - Jan 9 by footers

If he's a well practised Catholic, ME should be able to pull out without too much trouble.


At least nobody can say he's a premature ejaculater.
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Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 14:16 - Jan 9 with 569 viewsLeagueOne

Is it possible Marcus Evans could pull out of ITFC WITHOUT a buyer? on 10:23 - Jan 9 by Radlett_blue

Why on earth would Evans do that, as he would get next to nothing back?
If Evans wants out, he can write of the debt owed to his companies and then recoup £15-25m by selling a debt free Town, although imminent relegation has certainly reduced the value of Town to a buyer.


Even if he sold it for just £10million, thats still ten million more than giving it away for free and stops the losses his end. He's not walking out.

He will sell cheaply and write off the debt, and I suspect it will happen once we've dropped. It's his only option to stop the losses.

It's time to make the best of it.
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