| Colchester United being bought by Americans 12:14 - May 6 with 2001 views | Illinoisblue |
The Wrexham effect or U.S investment groups looking to offset losses in other parts of their holdings?
Or maybe someone just fell in love with that beautiful stadium.
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| Colchester United being bought by Americans on 12:27 - May 6 with 1870 views | Marshalls_Mullet |
He doesnt seem to have a great deal of wealth behind him? |  |
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| Colchester United being bought by Americans on 12:34 - May 6 with 1828 views | mellowblue |
offset losses by incurring even more losses. I like his business ethos. Not. |  | | |
| Colchester United being bought by Americans on 12:34 - May 6 with 1818 views | SE1blue |
| Colchester United being bought by Americans on 12:27 - May 6 by Marshalls_Mullet |
He doesnt seem to have a great deal of wealth behind him? |
I believe his brother Axel is well-known in Beverly Hills. |  |
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| Colchester United being bought by Americans on 12:40 - May 6 with 1768 views | Illinoisblue |
| Colchester United being bought by Americans on 12:34 - May 6 by mellowblue |
offset losses by incurring even more losses. I like his business ethos. Not. |
Football finances continue to make no sense. | |
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| Colchester United being bought by Americans on 12:44 - May 6 with 1746 views | The_Flashing_Smile |
Exciting times for Colchester. Maybe they'll get Damon Albarn to sponsor the shirts! |  |
| Trust the process. Trust Phil. |
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| Colchester United being bought by Americans on 12:58 - May 6 with 1639 views | EuanTown |
| Colchester United being bought by Americans on 12:34 - May 6 by SE1blue |
I believe his brother Axel is well-known in Beverly Hills. |
Harold faltermeyer can do a gig there |  | | |
| Colchester United being bought by Americans on 13:12 - May 6 with 1573 views | itfcsuth |
This has been in the pipeline since January - they were waiting for conclusion of the season in case of promotion - would have been revalued as a L1 club of course.
Wish them well - I know there are catchment issues, but always feels strange there is no ‘major’ football club in Essex. |  | | |
| Colchester United being bought by Americans on 14:22 - May 6 with 1336 views | Illinoisblue |
| Colchester United being bought by Americans on 12:44 - May 6 by The_Flashing_Smile |
Exciting times for Colchester. Maybe they'll get Damon Albarn to sponsor the shirts! |
This is a Low playing before every game should capture the mood perfectly! | |
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| Colchester United being bought by Americans on 14:40 - May 6 with 1248 views | Guthrum |
| Colchester United being bought by Americans on 12:34 - May 6 by mellowblue |
offset losses by incurring even more losses. I like his business ethos. Not. |
I've yet to have anyone explain to me how that is supposed to actually work. |  |
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| Colchester United being bought by Americans on 16:09 - May 6 with 1090 views | Illinoisblue |
| Colchester United being bought by Americans on 14:40 - May 6 by Guthrum |
I've yet to have anyone explain to me how that is supposed to actually work. |
At face value, setting fire to a pile of money would be a better investment than owning a football club. There must be accounting/tax/offsetting behind the scenes at most clubs, surely? Otherwise the math doesn’t math. (Except for players and agents, of course)
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| Colchester United being bought by Americans on 16:28 - May 6 with 1042 views | Sharkey |
| Colchester United being bought by Americans on 16:09 - May 6 by Illinoisblue |
At face value, setting fire to a pile of money would be a better investment than owning a football club. There must be accounting/tax/offsetting behind the scenes at most clubs, surely? Otherwise the math doesn’t math. (Except for players and agents, of course)
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I genuinely think Robbie Cowling never saw it as an investment, but more as an (expensive) 'hobby'. I think quite a few of the lower league owners are like this. (His pal at Peterborough, for example.) Having said that, having put so much money into the academy, he will no doubt have been disappointed that he never sold a player for anything like the near 2 million that Brentford paid Exeter for Ollie Watkins. (About 700,000 is about as much as Colchester ever get for a player, and the hoped-for cut from subsequent transfers has never amounted to much. |  | | |
| Colchester United being bought by Americans on 16:43 - May 6 with 998 views | Bluespeed225 |
| Colchester United being bought by Americans on 12:44 - May 6 by The_Flashing_Smile |
Exciting times for Colchester. Maybe they'll get Damon Albarn to sponsor the shirts! |
Steve Lamacq innit. | | | |
| Colchester United being bought by Americans on 16:43 - May 6 with 995 views | Bluespeed225 |
| Colchester United being bought by Americans on 12:34 - May 6 by SE1blue |
I believe his brother Axel is well-known in Beverly Hills. |
No, it's 'technichal skill coach; Steve. | | | |
| Colchester United being bought by Americans on 17:45 - May 6 with 843 views | You_Bloo_Right |
Tim's Folly |  |
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| Colchester United being bought by Americans on 17:55 - May 6 with 810 views | suffolkpoker |
| Colchester United being bought by Americans on 16:09 - May 6 by Illinoisblue |
At face value, setting fire to a pile of money would be a better investment than owning a football club. There must be accounting/tax/offsetting behind the scenes at most clubs, surely? Otherwise the math doesn’t math. (Except for players and agents, of course)
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Savage! |  |
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| Colchester United being bought by Americans on 19:10 - May 6 with 677 views | backwaywhen |
Steve Foley connection perhaps ? | | | |
| Colchester United being bought by Americans on 22:21 - May 6 with 442 views | Swansea_Blue |
Sounds as dodgy as fook if you ask me. Some very minor league property developer with no experience in sports and not a lot of spare cash behind them. Maybe it’ll all go swimmingly, but I’d be surprised. |  |
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| Colchester United being bought by Americans on 10:47 - May 7 with 110 views | Pinewoodblue |
| Colchester United being bought by Americans on 22:21 - May 6 by Swansea_Blue |
Sounds as dodgy as fook if you ask me. Some very minor league property developer with no experience in sports and not a lot of spare cash behind them. Maybe it’ll all go swimmingly, but I’d be surprised. |
Isn’t Tim Foley the son of Bill Foley who owns Bournemouth FC? |  |
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| Colchester United being bought by Americans on 11:26 - May 7 with 51 views | Sharkey |
| Colchester United being bought by Americans on 10:47 - May 7 by Pinewoodblue |
Isn’t Tim Foley the son of Bill Foley who owns Bournemouth FC? |
No, I don't think so. I think the son is also called Bill (SERIOUSLY wealthy), and has nothing to do with New York.
Colchester fans are currently making their own frantic attempts at 'due diligence' and getting not very far at all. Trepidation seems to be the over-riding emotion, from what I can see online and from conversation in the local boozer.
The club's principal asset as it stands is the training ground in Tiptree. The government seems increasingly willing to let developers build on urban green spaces, and what little that seems to be known about Mr Foley is that he is a property developer. Robbie Cowling always maintained that he bought that land as a kind of tribute to his mother (which is why the ground is called Florence Park), but whether he retains that sentiment or just wants some of his money back remains to be seen.
Also some rumblings that Barnsley are after the Cowleys, so these are worrying times for Colchester supporters. (Even with Americans on the way in, I can't bring myself to talk about the 'fan base'.) | | | |
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