| Was a little bit sad about the forum last night 10:37 - Nov 9 with 6382 views | wkj |
There reality of Gamechanger's plans sunk in and hearing the suggestion they have a transition strategy for the end of their tenure here jolted me a little.
Don't get me wrong, I have faith in their plans whilst they're with us, and they sound like they're doing a remarkable job in fixing up the stadium and facilities. I am very glad they took us over. It's just in that mmoment I realised that ITFC are a tiny pawn in a much larger game.
Oh well, at least they were open and honest - even when asked embarrassing questions like the Crewe game etc. |  |
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| Was a little bit sad about the forum last night on 11:59 - Nov 9 with 1842 views | wkj |
| Was a little bit sad about the forum last night on 11:54 - Nov 9 by Illinoisblue |
I think we can all long for the days when two gin-soaked country boys could run us and keep us competitive for many years. But here we are. |
It's more the reality of where football is that is coming home to roost. Obviously the business of football was well and truly here with Evans - but he never got anything right on the business side (other than the takeover) - so it felt like we were still shielded from the reality of modern football team ownership.
I'm not sad for where we are, but more disappointed that modern times have well and truly got us now. | |
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| Was a little bit sad about the forum last night on 12:00 - Nov 9 with 1839 views | Illinoisblue |
| Was a little bit sad about the forum last night on 11:48 - Nov 9 by BlueBadger |
It's all a bit corporate and 'management b*llocks-speak' isn't it?
I realise that's the game now, but still... |
Still preferable to the Evans’ approach of not giving a s5it at all as the club rotted |  |
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| Was a little bit sad about the forum last night on 12:01 - Nov 9 with 1832 views | itfcsuth |
| Was a little bit sad about the forum last night on 11:09 - Nov 9 by wkj |
It was also this very concept that got us promoted under Burley. No one wanted to see Keiron sold, but selling him meant we got Stewart. Getting Stewart got us promoted. |
Nobody wants to see good footballers leave their club, but we do have to recognise that right now we still are League 1 football club, and players will make steps up.
I have no problem with that, it's the subsequent recruitment that used to annoy me under the ME era, looking no further than Leon Best replacing Daryl Murphy. |  | | |
| Was a little bit sad about the forum last night on 12:01 - Nov 9 with 1830 views | J2BLUE |
| Was a little bit sad about the forum last night on 11:59 - Nov 9 by wkj |
It's more the reality of where football is that is coming home to roost. Obviously the business of football was well and truly here with Evans - but he never got anything right on the business side (other than the takeover) - so it felt like we were still shielded from the reality of modern football team ownership.
I'm not sad for where we are, but more disappointed that modern times have well and truly got us now. |
Evans was hopefully our lowest ebb. At least we now have people who truly get it. Whether success comes or not remains to be seen but I think it will. |  |
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| Was a little bit sad about the forum last night on 12:02 - Nov 9 with 1826 views | HighgateBlue |
| Was a little bit sad about the forum last night on 12:00 - Nov 9 by Illinoisblue |
Still preferable to the Evans’ approach of not giving a s5it at all as the club rotted |
It would've rotted a hell of a lot more if he had demanded the money back that the Club owed him, rather than writing it off. |  | | |
| Was a little bit sad about the forum last night on 12:15 - Nov 9 with 1789 views | wkj |
| Was a little bit sad about the forum last night on 12:02 - Nov 9 by HighgateBlue |
It would've rotted a hell of a lot more if he had demanded the money back that the Club owed him, rather than writing it off. |
This is why I don't hate Evans as much as some do - he didn't leave us high and dry - but could have done. Clearly the 3-5% of GC20 that he owns is something he expects to mitigate some of what he wrote off, and fair play to him.
I don't actually think he'd have been that bad of an owner if he'd had installed a good CEO and General manager similar to what we have now. He made a lot of decisions as a businessman trying to run a business - but never really grasping how football worked.
Grasping how football works (or having a senior manager who does) is a big plus for owners of a football club I would imagine [Post edited 9 Nov 2021 12:16]
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| Was a little bit sad about the forum last night on 12:17 - Nov 9 with 1782 views | XYZ |
It's not really much to worry about.
The pension fund doesn't need to sell out - it needs to report growth in its investments' valuations. They will have a model the put puts a value on their investment in ITFC. A number of factors will play their part in that valuation;
- position in the league pyramid
- individual player valuations
- fan engagement/ attendances
- commercial sales (shirts, sponsorships etc)
As long as that model shows acceptable growth the pension fund will be happy. If that level of growth remains above a threshold, they won't need to sell unless they got a "silly" offer.
Whilst they will have budgets for how much cash they stick in, if the valuation is going up by a larger amount then they're happy.
For example, if we're promoted this season, what will the valuation of our squad? Significantly higher than the "cost" from last summer, I'd guess. The valuation on the pension company's books would show a healthy gain; happy investors. |  | | |
| Was a little bit sad about the forum last night on 12:22 - Nov 9 with 1777 views | wkj |
| Was a little bit sad about the forum last night on 12:17 - Nov 9 by XYZ |
It's not really much to worry about.
The pension fund doesn't need to sell out - it needs to report growth in its investments' valuations. They will have a model the put puts a value on their investment in ITFC. A number of factors will play their part in that valuation;
- position in the league pyramid
- individual player valuations
- fan engagement/ attendances
- commercial sales (shirts, sponsorships etc)
As long as that model shows acceptable growth the pension fund will be happy. If that level of growth remains above a threshold, they won't need to sell unless they got a "silly" offer.
Whilst they will have budgets for how much cash they stick in, if the valuation is going up by a larger amount then they're happy.
For example, if we're promoted this season, what will the valuation of our squad? Significantly higher than the "cost" from last summer, I'd guess. The valuation on the pension company's books would show a healthy gain; happy investors. |
The part I don't get - is we made a massive loss year-on-year under Evans, and he was slashing the costs behind the scenes.
GC20 have come in and are planning a lot of improvements to the infrastructure and facilities, and are somehow expecting to show growth on the investment?
I have no doubt that GC20 trust in their plan and will do everything in their power to grow the club and it's value - I just cant get past the logic of a club in a game that is losing money every year (as most seem to be) - will somehow become a lucrative venture. [Post edited 9 Nov 2021 12:22]
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| Was a little bit sad about the forum last night on 12:31 - Nov 9 with 1751 views | XYZ |
| Was a little bit sad about the forum last night on 12:22 - Nov 9 by wkj |
The part I don't get - is we made a massive loss year-on-year under Evans, and he was slashing the costs behind the scenes.
GC20 have come in and are planning a lot of improvements to the infrastructure and facilities, and are somehow expecting to show growth on the investment?
I have no doubt that GC20 trust in their plan and will do everything in their power to grow the club and it's value - I just cant get past the logic of a club in a game that is losing money every year (as most seem to be) - will somehow become a lucrative venture. [Post edited 9 Nov 2021 12:22]
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The valuation model will factor in losses before reaching the top league. They will obviously seek to minimise losses by maximising revenues (match-day, non match-day, player trading, etc, etc).
They will be looking at a valuation model, not a Balance Sheet prepared under accounting standards. A Balance Sheet is not a valuation of the investment. If we get promoted this season we will report a decent P&L loss, but the pension fund will report a decent size of growth in their investment because player valuations will have risen along with other important metrics that don't appear on the Balance Sheet. | | | |
| Was a little bit sad about the forum last night on 12:34 - Nov 9 with 1743 views | wkj |
| Was a little bit sad about the forum last night on 12:31 - Nov 9 by XYZ |
The valuation model will factor in losses before reaching the top league. They will obviously seek to minimise losses by maximising revenues (match-day, non match-day, player trading, etc, etc).
They will be looking at a valuation model, not a Balance Sheet prepared under accounting standards. A Balance Sheet is not a valuation of the investment. If we get promoted this season we will report a decent P&L loss, but the pension fund will report a decent size of growth in their investment because player valuations will have risen along with other important metrics that don't appear on the Balance Sheet. |
Worst case scenario - what if promotion doesn't happen over the next few seasons. At what point do we see the investment become sour. I know this is a bunch of what-ifs - but this seems as much a gamble as it does an investment. | |
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| Was a little bit sad about the forum last night on 12:34 - Nov 9 with 1743 views | Illinoisblue |
| Was a little bit sad about the forum last night on 12:02 - Nov 9 by HighgateBlue |
It would've rotted a hell of a lot more if he had demanded the money back that the Club owed him, rather than writing it off. |
That was always the Evans conundrum - be thankful for the man who oversaw the terminal decline of our club. | |
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| Was a little bit sad about the forum last night on 12:56 - Nov 9 with 1694 views | itfcjoe |
| Was a little bit sad about the forum last night on 12:15 - Nov 9 by wkj |
This is why I don't hate Evans as much as some do - he didn't leave us high and dry - but could have done. Clearly the 3-5% of GC20 that he owns is something he expects to mitigate some of what he wrote off, and fair play to him.
I don't actually think he'd have been that bad of an owner if he'd had installed a good CEO and General manager similar to what we have now. He made a lot of decisions as a businessman trying to run a business - but never really grasping how football worked.
Grasping how football works (or having a senior manager who does) is a big plus for owners of a football club I would imagine [Post edited 9 Nov 2021 12:16]
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Whilst I don't disagree with the middle para - it does basically say he wouldn't have been as bad an owner if he was better at it.
That we effectively had no one on the ground running thimgs is just absolutely mental. A salary of £200k a year could literally have saved him millions |  |
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| Was a little bit sad about the forum last night on 12:57 - Nov 9 with 1688 views | XYZ |
| Was a little bit sad about the forum last night on 12:34 - Nov 9 by wkj |
Worst case scenario - what if promotion doesn't happen over the next few seasons. At what point do we see the investment become sour. I know this is a bunch of what-ifs - but this seems as much a gamble as it does an investment. |
Firstly the manager gets sacked. That's why I believe Cook would be gone if/ when it looks like we won't be promoted this year.
The plan's biggest challenge (IMO) is getting promoted from the Championship. However, reading the runes of Ed's performance last night, I suspect the (budgeted for) approach may be similar to this season's. | | | |
| Was a little bit sad about the forum last night on 12:59 - Nov 9 with 1673 views | wkj |
| Was a little bit sad about the forum last night on 12:57 - Nov 9 by XYZ |
Firstly the manager gets sacked. That's why I believe Cook would be gone if/ when it looks like we won't be promoted this year.
The plan's biggest challenge (IMO) is getting promoted from the Championship. However, reading the runes of Ed's performance last night, I suspect the (budgeted for) approach may be similar to this season's. |
I actually think that Cook will be safe for the whole season, as long as we look like we're top half and attendances improve (that seems to be the biggest public facing focus they have right now)
I have a feeling he's been given 2 seasons to get it done but has a fair bonus waiting for him if it happens this year. | |
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| Was a little bit sad about the forum last night on 13:04 - Nov 9 with 1658 views | XYZ |
| Was a little bit sad about the forum last night on 12:59 - Nov 9 by wkj |
I actually think that Cook will be safe for the whole season, as long as we look like we're top half and attendances improve (that seems to be the biggest public facing focus they have right now)
I have a feeling he's been given 2 seasons to get it done but has a fair bonus waiting for him if it happens this year. |
It's conjecture, of course, but I think the Celina one-year expensive loan suggests otherwise.
Either way, I think they look pretty happy with progress to date. Ed laughed his head off at Cook's "no defensive coach" joke. | | | |
| Was a little bit sad about the forum last night on 13:26 - Nov 9 with 1623 views | BlueBadger |
| Was a little bit sad about the forum last night on 12:56 - Nov 9 by itfcjoe |
Whilst I don't disagree with the middle para - it does basically say he wouldn't have been as bad an owner if he was better at it.
That we effectively had no one on the ground running thimgs is just absolutely mental. A salary of £200k a year could literally have saved him millions |
This is the whole Evns era on a nutshell. It was a bit of a myth that he didn't spend money, it's just that the money he DID spend was hopelessly misdirected - Keane's transfer budget, Lambert's contract.... |  |
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| Was a little bit sad about the forum last night on 14:03 - Nov 9 with 1569 views | CanadasNumber1 |
Re. OP…I get what you mean but Gamechanger would be remiss as a business if they didn’t have an exit strategy in mind even before they took over. This is standard fare for all sensible investors. [Post edited 9 Nov 2021 14:04]
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| Was a little bit sad about the forum last night on 14:07 - Nov 9 with 1558 views | BlueNomad |
We could have been bought by some stoning, head chopping, mysogonistic, child bombing, repressive regime and had billions thrown at us. I'm glad we've got what we have and if it had been the regime I would never have set foot in PR (or their 60,000 seat soulless bowl) ever again. |  | | |
| Was a little bit sad about the forum last night on 17:11 - Nov 9 with 1486 views | wkj |
| Was a little bit sad about the forum last night on 14:07 - Nov 9 by BlueNomad |
We could have been bought by some stoning, head chopping, mysogonistic, child bombing, repressive regime and had billions thrown at us. I'm glad we've got what we have and if it had been the regime I would never have set foot in PR (or their 60,000 seat soulless bowl) ever again. |
Without a shadow of a doubt we could have done much worst. It is worth making clear that I am not unhappy with what we have - just the reality of it all hit last night- our club which is our world means very little to the pensioners that make the funding possible.
After all, Ipswich > Superbowl and World Series combined. | |
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| Was a little bit sad about the forum last night on 17:44 - Nov 9 with 1467 views | BanksterDebtSlave |
| Was a little bit sad about the forum last night on 11:55 - Nov 9 by Herbivore |
Man up. |
....sit down. |  |
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| Was a little bit sad about the forum last night on 17:50 - Nov 9 with 1460 views | footers |
| Was a little bit sad about the forum last night on 14:07 - Nov 9 by BlueNomad |
We could have been bought by some stoning, head chopping, mysogonistic, child bombing, repressive regime and had billions thrown at us. I'm glad we've got what we have and if it had been the regime I would never have set foot in PR (or their 60,000 seat soulless bowl) ever again. |
Is there any evidence that Marcus Evans is not a genocidal maniac? |  |
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| Was a little bit sad about the forum last night on 18:18 - Nov 9 with 1426 views | wkj |
| Was a little bit sad about the forum last night on 17:50 - Nov 9 by footers |
Is there any evidence that Marcus Evans is not a genocidal maniac? |
The good people of Brazil are still feeling the effects I'm sure. | |
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| Was a little bit sad about the forum last night on 18:19 - Nov 9 with 1421 views | ITFC_Forever |
| Was a little bit sad about the forum last night on 11:09 - Nov 9 by wkj |
It was also this very concept that got us promoted under Burley. No one wanted to see Keiron sold, but selling him meant we got Stewart. Getting Stewart got us promoted. |
And McGreal and Jamma. |  |
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| Was a little bit sad about the forum last night on 18:45 - Nov 9 with 1399 views | Mullet |
| Was a little bit sad about the forum last night on 12:59 - Nov 9 by wkj |
I actually think that Cook will be safe for the whole season, as long as we look like we're top half and attendances improve (that seems to be the biggest public facing focus they have right now)
I have a feeling he's been given 2 seasons to get it done but has a fair bonus waiting for him if it happens this year. |
The plan was always to go up this year. That’s why we spent so much and in the championship sphere. If at the end of the season they decide Cook has mitigation for leaving us down here, that doesn’t really alter what the plan always has been.
These guys want prem football to get the best possible return on investment. The longer that takes the less they recoup. Given how much turnover we will have if we stay down that makes his job even more precarious. We have to go up really don’t we? |  |
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| Was a little bit sad about the forum last night on 19:35 - Nov 9 with 1324 views | Mach_foreignBlue |
What the f was a little bit sad for you last night?
Did you feel better during the 5 points plans and 5 years plans with Evans in charge?
Dear me ! Some 'fans' [Post edited 9 Nov 2021 19:44]
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