| Delia on the way out at Norwich 14:44 - Aug 12 with 5666 views | Illinoisblue |
The Americans are finally ousting her. |  |
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| Delia on the way out at Norwich on 14:53 - Aug 12 with 5539 views | Zx1988 |
Full details here:
https://www.eveningnews24.co.uk/sport/24512973.norwich-city-mark-attanasio-group
What do the board's financial experts make of it? The fact that Delia and Wynn Jones aren't receiving any money seems a bit of a weird one, especially given their previous stance regarding selling the club. Does the manner of the buy-out (loans being converted into shares) suggest that there's an element of a hostile takeover to it? Or is this sort of thing fairly normal? |  |
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| Delia on the way out at Norwich on 15:09 - Aug 12 with 5311 views | Reus30 |
| Delia on the way out at Norwich on 14:53 - Aug 12 by Zx1988 |
Full details here:
https://www.eveningnews24.co.uk/sport/24512973.norwich-city-mark-attanasio-group
What do the board's financial experts make of it? The fact that Delia and Wynn Jones aren't receiving any money seems a bit of a weird one, especially given their previous stance regarding selling the club. Does the manner of the buy-out (loans being converted into shares) suggest that there's an element of a hostile takeover to it? Or is this sort of thing fairly normal? |
Normal on the face of it but stuff like this only tends to happen with businesses not performing well (but we won't know until later on).
The yanks have given Delia (the club) effectively a £60m loan (which they have benefited from) and then will agree to convert it to shareholding. I assume Delia and Co would have majority sign off so it allows them to step away without this loan over their necks, keeps the club running without paying loan interest and all parties are happy. Effectively it's valuing £60m for their share.
I am sure they have made enough money over the years in terms of divies and salaries maybe. Don't care enough about the budgies to look mind. |  | | |
| Delia on the way out at Norwich on 15:28 - Aug 12 with 5125 views | Yppswyche |
Seems strange to ‘gift’ control to this total outsider after all these years running the club, instead of turning their half of the shares into a fan owned German-style model. That surely would have secured a better legacy and deal for the football club as a whole. But I’m no accountant nor budgie. |  | | |
| Delia on the way out at Norwich on 16:16 - Aug 12 with 4739 views | ArnieM |
| Delia on the way out at Norwich on 14:53 - Aug 12 by Zx1988 |
Full details here:
https://www.eveningnews24.co.uk/sport/24512973.norwich-city-mark-attanasio-group
What do the board's financial experts make of it? The fact that Delia and Wynn Jones aren't receiving any money seems a bit of a weird one, especially given their previous stance regarding selling the club. Does the manner of the buy-out (loans being converted into shares) suggest that there's an element of a hostile takeover to it? Or is this sort of thing fairly normal? |
I’d be more inclined to say it’s the Smiths cutting and running, finally. |  |
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| Delia on the way out at Norwich on 16:21 - Aug 12 with 4697 views | Freddies_Ears |
So the Americanhis converting existing loans into equity, but putting no new money in(at this stage). It clears a load of debt, but the next phase will be telling - will more investment be forthcoming? | | | |
| Delia on the way out at Norwich on 17:33 - Aug 12 with 3886 views | JakeITFC |
Regardless of our thoughts on Norwich/Delia, it is sad that the days of clubs being owned and bankrolled by people that have some association with the team or place are gone.
Lots of American investors seemingly betting on the value of football in England increasing and therefore the clubs within it also being worth more - I'm not sure I believe the maths at even the very top level, but regardless of that there will be some teams that miss the boat and be left with this debt heavy model that won't be fun when revenues aren't increasing. |  | | |
| Delia on the way out at Norwich on 17:33 - Aug 12 with 3838 views | FrimleyBlue |
| Delia on the way out at Norwich on 16:16 - Aug 12 by ArnieM |
I’d be more inclined to say it’s the Smiths cutting and running, finally. |
Will be interesting how it goes.
Whilst she was getting on she did run the club with good intentions. So how will the new owners do. As we know sometimes it works sometimes it's the worse thing that can happen. |  |
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| Delia on the way out at Norwich on 17:54 - Aug 12 with 3685 views | Ryorry |
| Delia on the way out at Norwich on 16:16 - Aug 12 by ArnieM |
I’d be more inclined to say it’s the Smiths cutting and running, finally. |
Think that at her age, health issues are likely to be a key factor. |  |
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| Delia on the way out at Norwich on 17:55 - Aug 12 with 3680 views | NthQldITFC |
| Delia on the way out at Norwich on 17:33 - Aug 12 by JakeITFC |
Regardless of our thoughts on Norwich/Delia, it is sad that the days of clubs being owned and bankrolled by people that have some association with the team or place are gone.
Lots of American investors seemingly betting on the value of football in England increasing and therefore the clubs within it also being worth more - I'm not sure I believe the maths at even the very top level, but regardless of that there will be some teams that miss the boat and be left with this debt heavy model that won't be fun when revenues aren't increasing. |
This is the one subject upon which I am waiting with bated breath for @ElephantInTheRoom's thoughts!  |  |
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| Delia on the way out at Norwich on 18:02 - Aug 12 with 3621 views | Ryorry |
| Delia on the way out at Norwich on 17:55 - Aug 12 by NthQldITFC |
This is the one subject upon which I am waiting with bated breath for @ElephantInTheRoom's thoughts! |
I think any of us could write it for you to save you waiting!
I'm off to mow the lawn tho, soz. | |
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| Delia on the way out at Norwich on 18:22 - Aug 12 with 3488 views | ArnieM |
| Delia on the way out at Norwich on 17:54 - Aug 12 by Ryorry |
Think that at her age, health issues are likely to be a key factor. |
I think that's a very good point tbf.
Why on earth would she want the stress of trying to keep a club afloat when the books are looking increasingly stacked against. She's done well by them for decades now and I'm sure most norwich fans want her to step down (and have done for a while).
Whilst I dont profess to understand accounts, she does appear to have literally handed the reigns of the club over (cheaply?)and gone quite meekly to the back bench.
As someone else has already alluded too, it'll be interesting to see how much these investors will actually put into that club. [Post edited 12 Aug 2024 18:32]
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| Delia on the way out at Norwich on 18:28 - Aug 12 with 3458 views | Buhrer |
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| Delia on the way out at Norwich on 18:41 - Aug 12 with 3344 views | DBaldy |
| Delia on the way out at Norwich on 17:55 - Aug 12 by NthQldITFC |
This is the one subject upon which I am waiting with bated breath for @ElephantInTheRoom's thoughts! |
Was going to say the exact same thing.
However I fully expect old Trunky to remain strangely silent, rather than trudge out his tired old "franchise" nonsense. | | | |
| Delia on the way out at Norwich on 18:57 - Aug 12 with 3225 views | BlueBoots |
| Delia on the way out at Norwich on 18:22 - Aug 12 by ArnieM |
I think that's a very good point tbf.
Why on earth would she want the stress of trying to keep a club afloat when the books are looking increasingly stacked against. She's done well by them for decades now and I'm sure most norwich fans want her to step down (and have done for a while).
Whilst I dont profess to understand accounts, she does appear to have literally handed the reigns of the club over (cheaply?)and gone quite meekly to the back bench.
As someone else has already alluded too, it'll be interesting to see how much these investors will actually put into that club. [Post edited 12 Aug 2024 18:32]
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If Smith and Jones are equal shareholders with the Americans, the Americans can reasonably ask them to match any investment they make in the club; no more parachute payments means digging deeper into the pockets - if Delia can't or won't do that, then not unreasonable for the Americans to have their stake in the club increased to reflect that... |  |
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| Delia on the way out at Norwich on 19:05 - Aug 12 with 3172 views | solemio |
| Delia on the way out at Norwich on 17:33 - Aug 12 by JakeITFC |
Regardless of our thoughts on Norwich/Delia, it is sad that the days of clubs being owned and bankrolled by people that have some association with the team or place are gone.
Lots of American investors seemingly betting on the value of football in England increasing and therefore the clubs within it also being worth more - I'm not sure I believe the maths at even the very top level, but regardless of that there will be some teams that miss the boat and be left with this debt heavy model that won't be fun when revenues aren't increasing. |
When she was still an Ipswich fan Delia lived at or near Stowmarket. | | | |
| Delia on the way out at Norwich on 19:17 - Aug 12 with 3119 views | Zx1988 |
| Delia on the way out at Norwich on 18:41 - Aug 12 by DBaldy |
Was going to say the exact same thing.
However I fully expect old Trunky to remain strangely silent, rather than trudge out his tired old "franchise" nonsense. |
Oh, he's already had his two-penneth-worth, committed libel, and had his posts deleted.
Such a shame, as he normally has such a rational and balanced view on these sorts of things. | |
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| Delia on the way out at Norwich on 21:20 - Aug 12 with 2736 views | Samuelowen88 |
| Delia on the way out at Norwich on 19:05 - Aug 12 by solemio |
When she was still an Ipswich fan Delia lived at or near Stowmarket. |
She still does, won't disclose exactly where but she hasn't moved. |  |
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| Delia on the way out at Norwich on 21:42 - Aug 12 with 2596 views | ArnieM |
| Delia on the way out at Norwich on 21:20 - Aug 12 by Samuelowen88 |
She still does, won't disclose exactly where but she hasn't moved. |
Stowupland I think I heard a long when ago. She's in her 80's now, bless her misguided socks, so she deserves a quiet retirement....finally. | |
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| Delia on the way out at Norwich on 22:25 - Aug 12 with 2438 views | Freddy |
| Delia on the way out at Norwich on 18:57 - Aug 12 by BlueBoots |
If Smith and Jones are equal shareholders with the Americans, the Americans can reasonably ask them to match any investment they make in the club; no more parachute payments means digging deeper into the pockets - if Delia can't or won't do that, then not unreasonable for the Americans to have their stake in the club increased to reflect that... |
Looks like they have a new director onboard too a Richard Ressler, worth a few billion acc to them.
Agree with poster who said its a shame that real fans dont own clubs anymore, more & more foreign owners who dont have the same connection as us fans. | | | |
| Delia on the way out at Norwich on 23:26 - Aug 12 with 2242 views | ArnieM |
| Delia on the way out at Norwich on 22:25 - Aug 12 by Freddy |
Looks like they have a new director onboard too a Richard Ressler, worth a few billion acc to them.
Agree with poster who said its a shame that real fans dont own clubs anymore, more & more foreign owners who dont have the same connection as us fans. |
But clearly GameChanger does have excellent connections with Ipswich fans! | |
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| Delia on the way out at Norwich on 10:07 - Aug 13 with 1760 views | Freddy |
| Delia on the way out at Norwich on 23:26 - Aug 12 by ArnieM |
But clearly GameChanger does have excellent connections with Ipswich fans! |
Exception to the rule, luckily | | | |
| Delia on the way out at Norwich on 10:09 - Aug 13 with 1754 views | NthQldITFC |
| Delia on the way out at Norwich on 19:17 - Aug 12 by Zx1988 |
Oh, he's already had his two-penneth-worth, committed libel, and had his posts deleted.
Such a shame, as he normally has such a rational and balanced view on these sorts of things. |
Are you able to safely summarise his deleted thoughts? I have an unhealthy, morbid interest. | |
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| Delia on the way out at Norwich on 10:13 - Aug 13 with 1739 views | Ryorry |
| Delia on the way out at Norwich on 10:09 - Aug 13 by NthQldITFC |
Are you able to safely summarise his deleted thoughts? I have an unhealthy, morbid interest. |
Had a look back through y'day, and at least one of his comments which seemed libellous to me (re a certain type of fraudulent scheme beloved of con-artists on the mass-make) has been deleted. | |
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| Delia on the way out at Norwich on 11:54 - Aug 13 with 1650 views | itfc48 |
I imagine she wants to free herself up to watch her beloved Town back in the premier League. | | | |
| Delia on the way out at Norwich on 13:12 - Aug 13 with 1543 views | blue62 |
| Delia on the way out at Norwich on 17:54 - Aug 12 by Ryorry |
Think that at her age, health issues are likely to be a key factor. |
Maybe she's seen the light and will be dusting off the blue and white scarf again. |  | | |
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