| Value of ITFC 11:28 - Nov 29 with 3454 views | Nthsuffolkblue |
How much would ME accept do we reckon?
How much could this community raise for TWTD to take over ownership with Phil as the figurehead owner?
Just a thought. I guess the two figures would be several million miles apart. |  |
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| Value of ITFC on 11:36 - Nov 29 with 3192 views | N2_Blue |
Not even worth considering.
Say you raised an amount that Evans was willing to accept ( or even is that amount was only £1) how do you then run the club, which is a cost of millions of pounds a year.
This is why we are stuffed. Evans has failed big time but without someone buying the club who has disposal income in the millions to throw at us there is no answer.
This is why football is ruined ever since 1992. Owners are more important than the game, clubs cannot be sustainable on their own. Clubs should almost be named by owner than their club name, it is a competition of owners now in the professional game. Our owner is a crap one which is why we are nearer the bottom of the pile and unfortunately we seem unable to attract a viable alternative. |  |
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| Value of ITFC on 11:42 - Nov 29 with 3153 views | 66notout |
| Value of ITFC on 11:36 - Nov 29 by N2_Blue |
Not even worth considering.
Say you raised an amount that Evans was willing to accept ( or even is that amount was only £1) how do you then run the club, which is a cost of millions of pounds a year.
This is why we are stuffed. Evans has failed big time but without someone buying the club who has disposal income in the millions to throw at us there is no answer.
This is why football is ruined ever since 1992. Owners are more important than the game, clubs cannot be sustainable on their own. Clubs should almost be named by owner than their club name, it is a competition of owners now in the professional game. Our owner is a crap one which is why we are nearer the bottom of the pile and unfortunately we seem unable to attract a viable alternative. |
Pretty accurate summing up of the current state of 'the game'. We're doomed until one of us wins the EuroMillions jackpot. |  | | |
| Value of ITFC on 11:44 - Nov 29 with 3145 views | woiii |
| Value of ITFC on 11:36 - Nov 29 by N2_Blue |
Not even worth considering.
Say you raised an amount that Evans was willing to accept ( or even is that amount was only £1) how do you then run the club, which is a cost of millions of pounds a year.
This is why we are stuffed. Evans has failed big time but without someone buying the club who has disposal income in the millions to throw at us there is no answer.
This is why football is ruined ever since 1992. Owners are more important than the game, clubs cannot be sustainable on their own. Clubs should almost be named by owner than their club name, it is a competition of owners now in the professional game. Our owner is a crap one which is why we are nearer the bottom of the pile and unfortunately we seem unable to attract a viable alternative. |
True, but Nodge are only owned by Delia and they do pretty well |  | | |
| Value of ITFC on 11:51 - Nov 29 with 3113 views | Nthsuffolkblue |
| Value of ITFC on 11:44 - Nov 29 by woiii |
True, but Nodge are only owned by Delia and they do pretty well |
I think there are other rich investors in the background.
Which is what I am asking really. Are there sufficient such people who would be willing for someone like Phil to act as a figurehead and decision maker around? | |
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| Value of ITFC on 11:53 - Nov 29 with 3100 views | N2_Blue |
| Value of ITFC on 11:44 - Nov 29 by woiii |
True, but Nodge are only owned by Delia and they do pretty well |
They certainly are the model of a club that doesn't have a benefactor throwing millions. But even then and with the prize of millions that promotion has won them on 3 occasions (i think?) they still fall woefully short of being a competitive premier league club.
They are almost in the trap of being not good enough for Premier league but better than the Championship. Their owner cannot afford to commit the necessary funds to stay in Premier league without risking serious financial ruin if it goes wrong, but at the same time pretty much guarantees they should always be too strong for the Championship. I think they'll cakewalk the Champ this season unfortunately. | |
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| Value of ITFC on 11:54 - Nov 29 with 3096 views | woiii |
| Value of ITFC on 11:51 - Nov 29 by Nthsuffolkblue |
I think there are other rich investors in the background.
Which is what I am asking really. Are there sufficient such people who would be willing for someone like Phil to act as a figurehead and decision maker around? |
Doubt it. L14EVA | | | |
| Value of ITFC on 11:58 - Nov 29 with 3069 views | Nthsuffolkblue |
| Value of ITFC on 11:54 - Nov 29 by woiii |
Doubt it. L14EVA |
I am not sure who L14 Eva is but I don't see why the investors would not exist. It is the having someone who could persuade them to make the investment that is more the issue. Delia was able to do that over time at Norwich.
As for whoever said it is only enough for them to be a yoyo club between the Premier League and the Championship what about that is not infinitely better than where we are or, worse still, where we are headed? | |
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| Value of ITFC on 12:02 - Nov 29 with 3042 views | N2_Blue |
| Value of ITFC on 11:58 - Nov 29 by Nthsuffolkblue |
I am not sure who L14 Eva is but I don't see why the investors would not exist. It is the having someone who could persuade them to make the investment that is more the issue. Delia was able to do that over time at Norwich.
As for whoever said it is only enough for them to be a yoyo club between the Premier League and the Championship what about that is not infinitely better than where we are or, worse still, where we are headed? |
I didn't say it wasn't better did I? Of course I'd rather our club be like that than this current horror show.
I'm alluding to my original point about the game being more about ownership than any other variable...which is a sad indictment of the game that I used to love. | |
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| Value of ITFC on 12:02 - Nov 29 with 3039 views | woiii |
| Value of ITFC on 11:53 - Nov 29 by N2_Blue |
They certainly are the model of a club that doesn't have a benefactor throwing millions. But even then and with the prize of millions that promotion has won them on 3 occasions (i think?) they still fall woefully short of being a competitive premier league club.
They are almost in the trap of being not good enough for Premier league but better than the Championship. Their owner cannot afford to commit the necessary funds to stay in Premier league without risking serious financial ruin if it goes wrong, but at the same time pretty much guarantees they should always be too strong for the Championship. I think they'll cakewalk the Champ this season unfortunately. |
The comment above about the leagues being a league table of the owners riches is very well put. Combine that with the rule changes which have made the game close to unwatchable anyway and the only reason for being in the PL is for the TV money which = sustainability. IMO it would be best for the PL to breakaway and remove the need for Championship clubs to overcommit in an attempt to achieve promotion competing against teams with parachute money. | | | |
| Value of ITFC on 12:07 - Nov 29 with 3022 views | solemio |
Marcus Evans has said a few times over the last four or five years that if an offer came in to buy the club on terms that were right for the club and - of course - himself he would take it. He always added that so far no such offer has been forthcoming.
Actually I think it must be at least 18 months since he last said this. Who knows now? | | | |
| Value of ITFC on 12:08 - Nov 29 with 3010 views | woiii |
| Value of ITFC on 11:58 - Nov 29 by Nthsuffolkblue |
I am not sure who L14 Eva is but I don't see why the investors would not exist. It is the having someone who could persuade them to make the investment that is more the issue. Delia was able to do that over time at Norwich.
As for whoever said it is only enough for them to be a yoyo club between the Premier League and the Championship what about that is not infinitely better than where we are or, worse still, where we are headed? |
L14 EVA is the registration of Marcus Evans Ferrari.
If anyone was interested in investing in us they would have come forward by now. We run at a loss, and always will unless we get promoted to the PL, so it's highly unlikely unless some Chinese billionaire fancies it. Unfortunately Chinese billionaires tend to prefer to blow millions for the instantaneous rush found in casinos | | | |
| Value of ITFC on 12:32 - Nov 29 with 2959 views | Guthrum |
| Value of ITFC on 12:07 - Nov 29 by solemio |
Marcus Evans has said a few times over the last four or five years that if an offer came in to buy the club on terms that were right for the club and - of course - himself he would take it. He always added that so far no such offer has been forthcoming.
Actually I think it must be at least 18 months since he last said this. Who knows now? |
With regard to being right for the club going forwards, I think that probably includes having the ongoing finances to keep things running. So not just the outlay of buying out his share and the debt, but also in the order of £5m per season, every season.
Or £50m over a decade. Lot of money. |  |
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| Value of ITFC on 12:32 - Nov 29 with 2951 views | J2BLUE |
It's a nice thought but completely unfeasible. |  |
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| Value of ITFC on 12:43 - Nov 29 with 2936 views | RegencyBlue |
| Value of ITFC on 12:07 - Nov 29 by solemio |
Marcus Evans has said a few times over the last four or five years that if an offer came in to buy the club on terms that were right for the club and - of course - himself he would take it. He always added that so far no such offer has been forthcoming.
Actually I think it must be at least 18 months since he last said this. Who knows now? |
I think the problem might be Evans still thinks the club has a value. There was a rumour a while ago that he was looking for £25 million which, if true, would be a lot of money for what any potential new owner would get.
Evans has said that he knocked back two offers for the club so there were people interested in the past at least. Problem is as time goes by we are becoming an even less attractive purchase than we are now, and that’s before taking the fall out from the Pandemic into account.
As the Americans say, we are between a rock and a hard place. I’m not sure there are any good solutions left! |  | | |
| Value of ITFC on 12:52 - Nov 29 with 2897 views | wkj |
I hate to admit it but we need Evans' £6m p/a stipend (Probably nearing double that with the pandemic and relegation)
Whoever comes in needs to be able to foot that bill, or figure out how to generate more money around ITFC to help become more sustainable.
The best case scenario for Evans to stay is for him to step up and actually take stock in what the community is all about and how to correctly recruit. In my opinion he expects managers to do too much, that is probably why Lambert and McCarthy was paid as well as they are and given strong contracts, because of their value as managers around the club and not just the first team.
If we as a community could afford £11m per year (which I doubt) then maybe, otherwise Evans' cashflow is critical right now. |  |
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| Value of ITFC on 13:27 - Nov 29 with 2846 views | southnorfolkblue |
| Value of ITFC on 11:53 - Nov 29 by N2_Blue |
They certainly are the model of a club that doesn't have a benefactor throwing millions. But even then and with the prize of millions that promotion has won them on 3 occasions (i think?) they still fall woefully short of being a competitive premier league club.
They are almost in the trap of being not good enough for Premier league but better than the Championship. Their owner cannot afford to commit the necessary funds to stay in Premier league without risking serious financial ruin if it goes wrong, but at the same time pretty much guarantees they should always be too strong for the Championship. I think they'll cakewalk the Champ this season unfortunately. |
They’ve also recruited well, especially with the appointment of Stuart Webber who had been at Huddersfield previously. They were in severe financial strife when Farke came on board as they had saddled themselves with players on huge contracts that they couldn’t offload. So they’ve ridden their luck a bit. | |
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| Value of ITFC on 13:35 - Nov 29 with 2814 views | Kesgrave_Exile |
The club itself I expect is pretty much worth close to zero. Evans owns the training ground that's the only value he has. I would expect any potential new owner would offer a incentivised sliding down structure so the quicker the club gets promoted the more money Evans is owed. Plus any new owner will need to I vest heavily in the stadium, training ground etc so that makes it more financial burdensome.
Realistically unless you are a cash rich passionate fan there is no prospect of the club getting sold. | | | |
| Value of ITFC on 13:35 - Nov 29 with 2816 views | gordon |
The equation will completely change next year regarding this possibility - if a long-term sustainable salary cap is introduced, then it could be possible for the club to run at break-even without needing millions pumped in. |  | | |
| Value of ITFC on 14:03 - Nov 29 with 2768 views | Nthsuffolkblue |
| Value of ITFC on 12:32 - Nov 29 by Guthrum |
With regard to being right for the club going forwards, I think that probably includes having the ongoing finances to keep things running. So not just the outlay of buying out his share and the debt, but also in the order of £5m per season, every season.
Or £50m over a decade. Lot of money. |
As I say, there are other ways to service the debt, namely cutting the wage bill and selling those players of significant value.
We have praised Evans for preventing these things from happening but overall it has been a death by a hundred cuts. If we didn't bring in loans like Norris and McGuinness and had to sell players like Judge, Dobra and Dozzell when the money was on the table, we might have to rely on players like Ndaba, El Mizouni and Wright but maybe we would have better progression going back to an academy-based model with shrewd signings like Ward and KVY always with an eye to the KVY-type ones being a stepping stone with a view to selling for profit. It is a dangerous game but would it be worse than where we are heading now?
As for the safety net of financial backing it would be down to whoever co-ordinated the whole project to tap into the finances of those invested in Suffolk and Ipswich as backers. Could the right person persuade the likes of Sheeran, the Godolphins et al to invest enough?
If ME is going to value the club at £25M then I would say the answer is going to be clearly no. If ME is going to recognise the disaster and cut his losses and value the club at £1 then finding the funding to cover losses might be feasible. Maybe ME could have clauses that gain him some more money if we are in the Premier League within a certain number of years or something along those lines. | |
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| Value of ITFC on 14:08 - Nov 29 with 2753 views | BryanPlug |
| Value of ITFC on 12:08 - Nov 29 by woiii |
L14 EVA is the registration of Marcus Evans Ferrari.
If anyone was interested in investing in us they would have come forward by now. We run at a loss, and always will unless we get promoted to the PL, so it's highly unlikely unless some Chinese billionaire fancies it. Unfortunately Chinese billionaires tend to prefer to blow millions for the instantaneous rush found in casinos |
[content removed at owner's request] |  |
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| Value of ITFC on 14:17 - Nov 29 with 2729 views | Nthsuffolkblue |
| Value of ITFC on 14:08 - Nov 29 by BryanPlug |
[content removed at owner's request] |
Brilliant!
The best take-down of def info I have ever seen! | |
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| Value of ITFC on 17:40 - Nov 29 with 2541 views | El_Fenix |
| Value of ITFC on 13:35 - Nov 29 by gordon |
The equation will completely change next year regarding this possibility - if a long-term sustainable salary cap is introduced, then it could be possible for the club to run at break-even without needing millions pumped in. |
The League 1 salary cap is low enough that a debt-free ITFC could turn a profit. But how to achieve debt-free status? ITFC cannot repay the loans it has received from Evans and his businesses; and Evans and his businesses cannot afford to write off the loans.
This predicament could get worse. There will be many Covid-related insolvencies during 2021. If Evans' business units were to be impacted, ITFC could find itself in financial purgatory pending the disentanglement of a web of loans made between related business units. |  |
| ITFC shall rise like a phoenix from the ashes of its long decline! |
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| Value of ITFC on 18:20 - Nov 29 with 2478 views | southnorfolkblue |
| Value of ITFC on 17:40 - Nov 29 by El_Fenix |
The League 1 salary cap is low enough that a debt-free ITFC could turn a profit. But how to achieve debt-free status? ITFC cannot repay the loans it has received from Evans and his businesses; and Evans and his businesses cannot afford to write off the loans.
This predicament could get worse. There will be many Covid-related insolvencies during 2021. If Evans' business units were to be impacted, ITFC could find itself in financial purgatory pending the disentanglement of a web of loans made between related business units. |
I don’t think Evans has any expectation that the loans will ever get repaid unless we get into the Premier League on a regular basis. I don’t think they would be a bar to a sale, because he could always negotiate additional payments becoming due if that were ever to happen. | |
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| Value of ITFC on 00:51 - Nov 30 with 2331 views | El_Fenix |
| Value of ITFC on 18:20 - Nov 29 by southnorfolkblue |
I don’t think Evans has any expectation that the loans will ever get repaid unless we get into the Premier League on a regular basis. I don’t think they would be a bar to a sale, because he could always negotiate additional payments becoming due if that were ever to happen. |
I hope that your assumption is correct, but am doubtful. | |
| ITFC shall rise like a phoenix from the ashes of its long decline! |
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| Value of ITFC on 20:33 - Nov 30 with 2173 views | J2BLUE |
| Value of ITFC on 14:17 - Nov 29 by Nthsuffolkblue |
Brilliant!
The best take-down of def info I have ever seen! |
I can't work out if you're genuinely taking him seriously...
If you you need to whoosh yourself. | |
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