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An unnamed state's fire and police pension fund... 15:11 - Feb 26 with 1856 viewsJ2BLUE

Holy fook.

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An unnamed state's fire and police pension fund... on 15:11 - Feb 26 with 1402 viewsReuser_is_God

Is that a good or bad thing? I have no idea.

Evans out
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An unnamed state's fire and police pension fund... on 15:12 - Feb 26 with 1398 viewsIllinoisblue

Mental, isn’t it?

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An unnamed state's fire and police pension fund... on 15:12 - Feb 26 with 1381 viewsKeno

Hopefully it gives us the chance to set the league alight

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An unnamed state's fire and police pension fund... on 15:13 - Feb 26 with 1355 viewseireblue

So errrr, Spruce, what do you do for a job over in New York?
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An unnamed state's fire and police pension fund... on 15:13 - Feb 26 with 1351 viewsDeano69

An unnamed state's fire and police pension fund... on 15:12 - Feb 26 by Keno

Hopefully it gives us the chance to set the league alight


It would be criminal if not
[Post edited 26 Feb 18:00]

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An unnamed state's fire and police pension fund... on 15:14 - Feb 26 with 1323 viewsquirkie

Can't see this happening, probably all just go up in smoke.
[Post edited 26 Feb 15:15]

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An unnamed state's fire and police pension fund... on 15:14 - Feb 26 with 1323 viewsJ2BLUE

An unnamed state's fire and police pension fund... on 15:11 - Feb 26 by Reuser_is_God

Is that a good or bad thing? I have no idea.


Not sure really. Assume they are just providing the funds for a set return from the investors?

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An unnamed state's fire and police pension fund... on 15:14 - Feb 26 with 1318 viewstextbackup

I read that..... that's some gamble sticking people life savings into us hahahaha

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An unnamed state's fire and police pension fund... on 15:15 - Feb 26 with 1302 viewsOhDavidMcgoldrick

An unnamed state's fire and police pension fund... on 15:14 - Feb 26 by textbackup

I read that..... that's some gamble sticking people life savings into us hahahaha


Hopefully the investors were sent videos of us from the 1970s rather than modern day!

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An unnamed state's fire and police pension fund... on 15:15 - Feb 26 with 1292 viewsSpruceMoose

An unnamed state's fire and police pension fund... on 15:11 - Feb 26 by Reuser_is_God

Is that a good or bad thing? I have no idea.


If I heard Fidelity were investing my retirement funds in ITFC I might not consider it a plus!

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An unnamed state's fire and police pension fund... on 15:16 - Feb 26 with 1250 viewsPaul_Knows

An unnamed state's fire and police pension fund... on 15:14 - Feb 26 by textbackup

I read that..... that's some gamble sticking people life savings into us hahahaha


You work 40 years, sticking money in to a pension fund to then find out it's going towards buying a second rate, 3rd division football club in England. You'd be livid.
[Post edited 26 Feb 15:19]

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An unnamed state's fire and police pension fund... on 15:16 - Feb 26 with 1243 viewstextbackup

An unnamed state's fire and police pension fund... on 15:11 - Feb 26 by Reuser_is_God

Is that a good or bad thing? I have no idea.


"stop kneeling on peoples throats or we'll put your pension somewhere stupid....."

"we did warn you"
[Post edited 26 Feb 15:17]

We’ll be good again... one day
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An unnamed state's fire and police pension fund... on 15:17 - Feb 26 with 1204 viewsBryanPlug

Yeah that doesn’t sound a great investment. Unless these guys are building an infrastructure that includes housing and business premises to create income.

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An unnamed state's fire and police pension fund... on 15:17 - Feb 26 with 1181 viewsSpruceMoose

An unnamed state's fire and police pension fund... on 15:13 - Feb 26 by eireblue

So errrr, Spruce, what do you do for a job over in New York?


10-4 Eireblue. I'm Police Commissioner of Reacharound County in NY. Not heard any rumblings about my pension plan. I'll look into it when I get back from responding to this 10-91b call out.

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An unnamed state's fire and police pension fund... on 15:18 - Feb 26 with 1151 viewsSteve_M

Some US pension funds are pretty fecked, years of shortfalls coupled with voter pressure for lower taxes to the extent that some cities are on the verge of going bust*.

The Canadian teachers scheme invested in UK energy infrastructure I believe and Calpers, the California one, is massive.

* would need to check where but Michael Lewis was writing about this in Boomerang a decade ago.

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An unnamed state's fire and police pension fund... on 15:19 - Feb 26 with 1133 viewsSpruceMoose

An unnamed state's fire and police pension fund... on 15:16 - Feb 26 by textbackup

"stop kneeling on peoples throats or we'll put your pension somewhere stupid....."

"we did warn you"
[Post edited 26 Feb 15:17]


Oh God. Everyone is going to be protesting against us aren't they?

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An unnamed state's fire and police pension fund... on 15:20 - Feb 26 with 1075 viewsElderGrizzly

An unnamed state's fire and police pension fund... on 15:11 - Feb 26 by Reuser_is_God

Is that a good or bad thing? I have no idea.


It means we are indebted to an external party. Which we aren't now.
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An unnamed state's fire and police pension fund... on 15:20 - Feb 26 with 1060 viewsbluelagos

An unnamed state's fire and police pension fund... on 15:14 - Feb 26 by J2BLUE

Not sure really. Assume they are just providing the funds for a set return from the investors?


We'll find out (if it happens) I guess.

But investing in a business (football club) to turn around / sell on - that is the stuff of venture capatalists rather than pension funds ordinarily.

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An unnamed state's fire and police pension fund... on 15:20 - Feb 26 with 1059 viewsReuser_is_God

An unnamed state's fire and police pension fund... on 15:16 - Feb 26 by Paul_Knows

You work 40 years, sticking money in to a pension fund to then find out it's going towards buying a second rate, 3rd division football club in England. You'd be livid.
[Post edited 26 Feb 15:19]


Fck em, only Yanks.

Evans out
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An unnamed state's fire and police pension fund... on 15:20 - Feb 26 with 1048 viewsSwansea_Blue

Somewhere in the Archant* offices, the layout guy (or gal) is having an organsm at the opportunity to use their collection of fire engine pics.


*If Archant is still a thing

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An unnamed state's fire and police pension fund... on 15:21 - Feb 26 with 1034 viewsPrideOfTheEast

It's completely standard private equity model. This will be a tiny percentage of the pension fund as part of a much wider portfolio.

It does mean though that there is pressure on the head of the fund to deliver results. That pressure was never on Marcus as it was all on him.
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An unnamed state's fire and police pension fund... on 15:22 - Feb 26 with 1015 viewsJermynblue

An unnamed state's fire and police pension fund... on 15:11 - Feb 26 by Reuser_is_God

Is that a good or bad thing? I have no idea.


Initial thought is that this would not be a great source of funding if we are looking at long term stability. Evans made a lot of mistakes, but one thing you cannot criticise Evans for is that he set a budget every year for each manager to operate within and injected cash into the club annually to ensure it could meet its financial liabilities. A US state pension fund will not be intending to do the same and therefore if things go wrong they are more likely to walk away and leave us in real trouble financially as they will have a duty to the members of the pension fund to manage the fund sensibly. Whereas under Evans it was solely his decision to continue to fund us and to his credit he always did so - perhaps not spending the millions that other owners have done but injecting cash nonetheless.
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An unnamed state's fire and police pension fund... on 15:22 - Feb 26 with 994 viewsSpruceMoose

All speculation obviously, but i'll be interesting to see if we get any more details on the financing.

I'm assuming this is just to cover the purchase of the club. I'd like to know more about where the money to run the club on a daily basis, fund transfers, infrastructure etc. is coming from.

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An unnamed state's fire and police pension fund... on 15:24 - Feb 26 with 950 viewsJ2BLUE

An unnamed state's fire and police pension fund... on 15:22 - Feb 26 by SpruceMoose

All speculation obviously, but i'll be interesting to see if we get any more details on the financing.

I'm assuming this is just to cover the purchase of the club. I'd like to know more about where the money to run the club on a daily basis, fund transfers, infrastructure etc. is coming from.


Maybe they've got the loan from the pension for some dirt cheap interest rate and the pension fund can't afford to gamble so they've taken the deal. Then the actual investment in all that will come from the consortium?

Purely speculating obviously.

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An unnamed state's fire and police pension fund... on 15:26 - Feb 26 with 916 viewsN2_Blue

An unnamed state's fire and police pension fund... on 15:11 - Feb 26 by Reuser_is_God

Is that a good or bad thing? I have no idea.


sounds very odd.

If i was one of those individuals due to retire with funds from that pension i would not be happy at all. Football clubs do not generally make money but haemorrhage it, so surely the likelihood is that pension fund is fooked.

Just does not sound right to me
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