| Serious question for the Evans outers 14:29 - Feb 10 with 13185 views | BlueNomad |
For those of you who shout about Evans getting "out of OUR club" I have a question.
He is an immensely wealthy man. Imagine for a moment that he decided to take your advice, write off the £100m+ debt and just went. After all, some of you claim he doesn't care. His life wouldn't really change much. What would be left of OUR club? |  | | |  |
| Serious question for the Evans outers on 17:06 - Feb 10 with 3106 views | blueconscience |
| Serious question for the Evans outers on 15:17 - Feb 10 by Bluefish |
Don't need a buyer just asset strip everything and then wind down. When the fans moan he can point out they demanded him out |
We will wind down eventually with him in charge anyway. Why prolong the agony? |  |
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| Serious question for the Evans outers on 17:09 - Feb 10 with 3099 views | LankHenners |
| Serious question for the Evans outers on 17:01 - Feb 10 by jeera |
Although haven't people pointed out the man's trying to perform 20 roles at once?
I won't pretend to know how it works, but if he is Evans 'football man' then it would be good if the boss maybe took a bit more notice of him.
I wonder if he was consulted on Lambert's seemingly never-ending contract. |
O'Neill clearly has something about him that we need but unfortunately, as you say, he's effectively got several people's jobs which rather limits what he can do personally and what the club can do as a whole.
It doesn't help that he's not a particularly skilled public communicator which makes everything he says come out very dull and bland and look like he's covering for Evans' ineptitude. |  |
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| Serious question for the Evans outers on 17:12 - Feb 10 with 3082 views | BryanPlug |
| Serious question for the Evans outers on 14:31 - Feb 10 by Steve_M |
What do you think is going to be left of ITFC after another five years of Evans' ownership? |
[content removed at owner's request] |  |
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| Serious question for the Evans outers on 17:18 - Feb 10 with 3074 views | BryanPlug |
| Serious question for the Evans outers on 14:37 - Feb 10 by artsbossbeard |
Why would business man, Marcus Evans, simply write off £100m? |
[content removed at owner's request] | |
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| Serious question for the Evans outers on 17:22 - Feb 10 with 3061 views | Oxford_Blue |
| Serious question for the Evans outers on 15:14 - Feb 10 by Radlett_blue |
As has been stated.most Football League clubs lose money each year so owning one is a project for either (a) a rich fan (b) a rich foreigner looking for some kudos (c) a speculator who thinks he can get a club into the PL & then sell it on at a profit.
Evans won't want his £100m or whatever it is back. He's intelligent to know that he won't get it, but if he wants out of Town, he writes it off & recoups £15-20m by selling a debt free Town. |
Indeed - that’s simply restating my point in a different way.
Where is that person? |  | | |
| Serious question for the Evans outers on 17:29 - Feb 10 with 3058 views | PhilTWTD |
| Serious question for the Evans outers on 16:49 - Feb 10 by jeera |
How exactly does that work please?
Thanks in advance. |
While the word beneficial is overstating the matter, it is true that losses at Town are offset against profits elsewhere in the group. But, of course, that doesn't mean he isn't still making a significant loss on Town. |  | | |
| Serious question for the Evans outers on 18:14 - Feb 10 with 3011 views | jeera |
| Serious question for the Evans outers on 17:29 - Feb 10 by PhilTWTD |
While the word beneficial is overstating the matter, it is true that losses at Town are offset against profits elsewhere in the group. But, of course, that doesn't mean he isn't still making a significant loss on Town. |
Naturally losses are offset Phil, but they're still losses.
What people who repeat this don't seem to understand is that if you have, (let's say), two companies, you're better off if they both run at a profit than having just the one making money but offsetting some tax from the other that is losing it hand over fist.
No one has to be an accountant for that surely. And yet... |  |
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| Serious question for the Evans outers on 18:17 - Feb 10 with 3009 views | PhilTWTD |
| Serious question for the Evans outers on 18:14 - Feb 10 by jeera |
Naturally losses are offset Phil, but they're still losses.
What people who repeat this don't seem to understand is that if you have, (let's say), two companies, you're better off if they both run at a profit than having just the one making money but offsetting some tax from the other that is losing it hand over fist.
No one has to be an accountant for that surely. And yet... |
Indeed, the argument that ME is somehow making money hand over fist due to his losses at Town is nonsensical. | | | |
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| Serious question for the Evans outers on 18:40 - Feb 10 with 2965 views | Bluefish |
| Serious question for the Evans outers on 18:14 - Feb 10 by jeera |
Naturally losses are offset Phil, but they're still losses.
What people who repeat this don't seem to understand is that if you have, (let's say), two companies, you're better off if they both run at a profit than having just the one making money but offsetting some tax from the other that is losing it hand over fist.
No one has to be an accountant for that surely. And yet... |
Suffolk has a lot of villages |  |
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| Serious question for the Evans outers on 22:12 - Feb 10 with 2894 views | FifeITFC |
Forgive me for being simplistic, but why are we losing c£6m a year (for a number of years)? Is it simply playing contracts are far too high? We are getting decent crowds and the prices aren't exactly cheap. Not enough sponsors?
I've not followed the club's finances closely, but where is the money going wrong? Why can't we break even? |  |
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| Serious question for the Evans outers on 22:16 - Feb 10 with 2888 views | Radlett_blue |
| Serious question for the Evans outers on 22:12 - Feb 10 by FifeITFC |
Forgive me for being simplistic, but why are we losing c£6m a year (for a number of years)? Is it simply playing contracts are far too high? We are getting decent crowds and the prices aren't exactly cheap. Not enough sponsors?
I've not followed the club's finances closely, but where is the money going wrong? Why can't we break even? |
Most clubs in the Championship lose varying amounts of money on an operating basis. This is either funded by their owner or they cash in & sell the odd decent player they have. Evans has done a bit of both. |  |
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| Serious question for the Evans outers on 01:25 - Feb 11 with 2849 views | eddiespearitt03 |
| Serious question for the Evans outers on 22:16 - Feb 10 by Radlett_blue |
Most clubs in the Championship lose varying amounts of money on an operating basis. This is either funded by their owner or they cash in & sell the odd decent player they have. Evans has done a bit of both. |
How about NOT selling our better players but instead use them as a starting point to build a team. Evans has to change his strategy. Release some of these silly contracts and wasteful wage packets. Get good young players in to compliment the players we do have.
The problem at this club are that good players are being let down by the non performers. Season after season. | | | |
| Serious question for the Evans outers on 07:47 - Feb 11 with 2807 views | Oxford_Blue |
| Serious question for the Evans outers on 22:16 - Feb 10 by Radlett_blue |
Most clubs in the Championship lose varying amounts of money on an operating basis. This is either funded by their owner or they cash in & sell the odd decent player they have. Evans has done a bit of both. |
But what you’re overlooking is that it’s not a level playing field.
Many championship clubs have been in the premiership recently and get a £90m parachute payment over three years. | | | |
| Serious question for the Evans outers on 08:56 - Feb 11 with 2777 views | C_HealyIsAPleasure |
| Serious question for the Evans outers on 07:47 - Feb 11 by Oxford_Blue |
But what you’re overlooking is that it’s not a level playing field.
Many championship clubs have been in the premiership recently and get a £90m parachute payment over three years. |
4 of the current top 6 are not in receipt of parachute payments... |  |
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| Serious question for the Evans outers on 09:30 - Feb 11 with 2757 views | FrankfurtBlue |
| Serious question for the Evans outers on 16:42 - Feb 10 by itfcjoe |
Why do people not think Lee O'Neill is a football guy? He's worked in the sport for years and run the academy?
Academy manager to Director of Football is about the most common path for Director's of Football out there - because running an academy encompasses most of running a football club |
Lee O'Neill (LON) may be a football guy, but he is not a Director of Football (DoF) at Ipswich.
Evans has stated that he doesn't want a structure with a true DoF. O'Neill works under Lambert and Evans, as some sort of assistant. Presumably, recruitment is still old school, with scouts working directly for Lambert. Evans still "negotiates" the transfers (and contract talks, assisted by LON?) as far as I can tell. LON oversees the Academy, and is responsible for sports science. He essentially does what Lambert and Evans ask of him.
Who is responsible for the long term vision for the club? It is difficult to see how any long term plan can be implemented, when so much of it seems to heavily rely on the input of the incumbent manager, whose major priority has to be the next game, the current season, i.e. the short term.
LON may be a football guy, but it is not clear whether he will be able to make much of a difference. |  | | |
| Serious question for the Evans outers on 09:41 - Feb 11 with 2741 views | trncbluearmy |
He will sell, probably if ITFC do not get promotion
Anyone who deals seriously in investments will know it is just as important to cut your losses and invest elsewhere as it is to take profits.
He has financial advises, anyone worth their salary will say look you have given it ten years, you have failed and it has cost you £m`s now is the time to get out take what you can and invest elsewhere, to take it on the chin is the hardest but wisest financial decision he can make.
His other option is to find a wealthy partner? [Post edited 11 Feb 2020 9:42]
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| Serious question for the Evans outers on 10:58 - Feb 11 with 2698 views | WeWereZombies |
| Serious question for the Evans outers on 09:41 - Feb 11 by trncbluearmy |
He will sell, probably if ITFC do not get promotion
Anyone who deals seriously in investments will know it is just as important to cut your losses and invest elsewhere as it is to take profits.
He has financial advises, anyone worth their salary will say look you have given it ten years, you have failed and it has cost you £m`s now is the time to get out take what you can and invest elsewhere, to take it on the chin is the hardest but wisest financial decision he can make.
His other option is to find a wealthy partner? [Post edited 11 Feb 2020 9:42]
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On that last sentence - have a look at the BBC article on Oldham that Guthrum posted yesterday and then click through to the Sheffield United story. |  |
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| Serious question for the Evans outers on 11:18 - Feb 11 with 2679 views | Oxford_Blue |
| Serious question for the Evans outers on 09:41 - Feb 11 by trncbluearmy |
He will sell, probably if ITFC do not get promotion
Anyone who deals seriously in investments will know it is just as important to cut your losses and invest elsewhere as it is to take profits.
He has financial advises, anyone worth their salary will say look you have given it ten years, you have failed and it has cost you £m`s now is the time to get out take what you can and invest elsewhere, to take it on the chin is the hardest but wisest financial decision he can make.
His other option is to find a wealthy partner? [Post edited 11 Feb 2020 9:42]
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You’re only looking at half the picture. As people keep saying, sell the club to whom??
Even if Evans was willing to write off all his debt (£100m) and sell the club for £1, the new owner would immediately be liable for the £6m a year losses plus having to stump up extra cash for new players and wages which presumably the fans would expect (otherwise nothing changes).
All of that to own a club with virtually no assets.
And to compete - if they got into the championship - with teams who have got a £90m parachute payment after relegation from the premiership. | | | |
| Serious question for the Evans outers on 11:22 - Feb 11 with 2669 views | Oxford_Blue |
| Serious question for the Evans outers on 08:56 - Feb 11 by C_HealyIsAPleasure |
4 of the current top 6 are not in receipt of parachute payments... |
The below section is interesting. Taken from BBC News website.
(Full article here: https://www.google.co.uk/amp/s/www.bbc.co.uk/sport/amp/football/50674331
What about parachute payments?
Figures from Deloitte show that parachute payments, designed to help relegated clubs absorb big losses in revenue caused by dropping out of the top flight, are having a significant impact on the revenue inequality within the Championship.
Parachute payments made up more than a third of the Championship's total revenue in 2017-18 - compared to just 9% when they were introduced in 2001-02 - meaning a third of the Championship's money now comes directly from the Premier League.
The average club receiving parachute payments had a total revenue of £13m in 2001-02 against £10m for those without.
In 2017-18 those receiving parachute payments had a total revenue of £51m against £21m for those without.
The EFL said: "The Premier League does remain an important part of the financial mix across the EFL through the provision of parachute payments and contracted solidarity payments," adding that "this assists in providing clubs with increased clarity when making long-term financial commitments." | | | |
| Serious question for the Evans outers on 11:33 - Feb 11 with 2643 views | Blue_Order |
Are we allowed to feel dissatisfied with the club’s ownership, but not have all the answers? |  | | |
| Serious question for the Evans outers on 11:52 - Feb 11 with 2613 views | skyblue23 |
| Serious question for the Evans outers on 11:33 - Feb 11 by Blue_Order |
Are we allowed to feel dissatisfied with the club’s ownership, but not have all the answers? |
100% we are. I don't understand where this feeling of being lucky to have Evans and not being able to want better for a club that hasn't been this low in 60 odd years has come from! |  |
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| Serious question for the Evans outers on 11:57 - Feb 11 with 2608 views | trncbluearmy |
| Serious question for the Evans outers on 11:18 - Feb 11 by Oxford_Blue |
You’re only looking at half the picture. As people keep saying, sell the club to whom??
Even if Evans was willing to write off all his debt (£100m) and sell the club for £1, the new owner would immediately be liable for the £6m a year losses plus having to stump up extra cash for new players and wages which presumably the fans would expect (otherwise nothing changes).
All of that to own a club with virtually no assets.
And to compete - if they got into the championship - with teams who have got a £90m parachute payment after relegation from the premiership. |
Always seems to be various individuals and groups looking to buy football clubs Ipswich, without any debt, is still quite an attractive proposition for someone who wants to risk more then Evans has. | | | |
| Serious question for the Evans outers on 12:42 - Feb 11 with 2587 views | itfcjoe |
| Serious question for the Evans outers on 09:30 - Feb 11 by FrankfurtBlue |
Lee O'Neill (LON) may be a football guy, but he is not a Director of Football (DoF) at Ipswich.
Evans has stated that he doesn't want a structure with a true DoF. O'Neill works under Lambert and Evans, as some sort of assistant. Presumably, recruitment is still old school, with scouts working directly for Lambert. Evans still "negotiates" the transfers (and contract talks, assisted by LON?) as far as I can tell. LON oversees the Academy, and is responsible for sports science. He essentially does what Lambert and Evans ask of him.
Who is responsible for the long term vision for the club? It is difficult to see how any long term plan can be implemented, when so much of it seems to heavily rely on the input of the incumbent manager, whose major priority has to be the next game, the current season, i.e. the short term.
LON may be a football guy, but it is not clear whether he will be able to make much of a difference. |
i think that definitely underplays Lee O'Neill's role here, he's very much in a position of authority, he certainly isn't Lambert's assistant in any way shape or form
The post I was replying to was saying we needed a football man at the top of the club, we effectively have one - appointing someone else there won';t make a difference, it's to do with their role, not who it is. |  |
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| Serious question for the Evans outers on 13:07 - Feb 11 with 2573 views | Reuser_is_God |
| Serious question for the Evans outers on 11:33 - Feb 11 by Blue_Order |
Are we allowed to feel dissatisfied with the club’s ownership, but not have all the answers? |
No, if you dare question Evans you have to buy the club yourself. |  |
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| Serious question for the Evans outers on 13:20 - Feb 11 with 2557 views | badadski |
| Serious question for the Evans outers on 15:08 - Feb 10 by Oxford_Blue |
But it loses £6m a year and it’s virtually impossible to make any profit from it. So why would anyone other than a very rich fan want to do that? |
The debt has already been written off, it was within the terms that if Evans ever sold on the club that it would be without the debt which he took on him self.
However as owner of the club he is allowed to recoup as much of his losses so selling all of our prized youngsters or a fire sale on any high paid experienced players would be the mostly likely way of doing this.
As Mick said, be careful what you wish for, I'm not condoning Evans but although he is has not splashing out on big players he is keeping with what he was saying and keeping the vultures away from our prized youth.
He is trying to build around it which is what we all wanted. Not a quick fix but again its what we wanted. | | | |
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