| Marcus is being shown what we tried to tell him for years... 20:50 - Apr 7 with 3584 views | wkj |
I for one would prefer the security of Marcus Evans more than Gamechanger 20, it has to be said. However, that is in a "take you cake and eat it too" method of thinking. Only would I prefer Evans if he did the CEO method that O'Leary discussed today.
GC20 are coming in with a plan to install a CEO who does the bulk of the operations and decision making, whilst the owners invest from afar. Had ME done exactly this, and installed a GOOD CEO, as we begged for as fans - you can't help but ponder how different the last decade and a half would have gone.
There is little disdain from me toward his investment, he bailed us out of the poo, and kept us from financial ruin, especially in a climate that a club like ours dropping into L1 could have meant disaster.
However, his decisions and lack of conviction with football has gutted us, and lead us into L1 in the first place.
Gamechanger20 don't come in with a lot of money, certainly not comparable to Evans' wealth, and ITFC don't have an awful lot of assets to sell either. So this initial investment could be a "bet it all on black" style of summer for us, and more volatile long term than the sole backing of a self made *near* billionaire.
This is exciting news, but we have to be careful, as any fiscal mistakes we make now will be felt much more strongly than they were under Evans. [Post edited 7 Apr 2021 20:52]
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| Marcus is being shown what we tried to tell him for years... on 20:54 - Apr 7 with 3026 views | J2BLUE |
I think if you read through all the stuff put out today you can actual rebut most of your own points here.
As for Evans' investment, I really think you could argue at least a good portion of it was down to his own mismanagement. How many players did we lose on frees for example? Other clubs, smaller than us, don't seem to rely on an owner pumping in millions each year. I honestly think he's literally paid for his repeated mistakes. Again, we've got a massive squad. So much dead money. I think we would be amazed at how much difference a decent team at the top will make. |  |
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| Marcus is being shown what we tried to tell him for years... on 20:57 - Apr 7 with 2948 views | Marshalls_Mullet |
Agreed! |  |
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| Marcus is being shown what we tried to tell him for years... on 20:58 - Apr 7 with 2962 views | wkj |
| Marcus is being shown what we tried to tell him for years... on 20:54 - Apr 7 by J2BLUE |
I think if you read through all the stuff put out today you can actual rebut most of your own points here.
As for Evans' investment, I really think you could argue at least a good portion of it was down to his own mismanagement. How many players did we lose on frees for example? Other clubs, smaller than us, don't seem to rely on an owner pumping in millions each year. I honestly think he's literally paid for his repeated mistakes. Again, we've got a massive squad. So much dead money. I think we would be amazed at how much difference a decent team at the top will make. |
I agree, and you have made some very good points today (both on this post and the salvo of posts we've been seeing today).
It does feel more urgent now though surely? How thick is GC20's financial armour and how exactly will they mitigate our losses - particularly next season and the season we get promoted (if we do, and assuming it doesn't happen this season.)
I think my post is more of a cautionary post so people aren't thinking "We're ******* loaded", as was the case when Marcus came to town. | |
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| Marcus is being shown what we tried to tell him for years... on 20:59 - Apr 7 with 2941 views | George03 |
| Marcus is being shown what we tried to tell him for years... on 20:54 - Apr 7 by J2BLUE |
I think if you read through all the stuff put out today you can actual rebut most of your own points here.
As for Evans' investment, I really think you could argue at least a good portion of it was down to his own mismanagement. How many players did we lose on frees for example? Other clubs, smaller than us, don't seem to rely on an owner pumping in millions each year. I honestly think he's literally paid for his repeated mistakes. Again, we've got a massive squad. So much dead money. I think we would be amazed at how much difference a decent team at the top will make. |
Exactly.
The new owner seem to be putting a proper structure in place, having higher members of staff who have experience running successful football clubs on and off the pitch. Whatever money they have will be spent careful and wisely. |  | | |
| both the OP and this deserve an uppie innit (n/t) on 21:01 - Apr 7 with 2891 views | Dyland |
| Marcus is being shown what we tried to tell him for years... on 20:54 - Apr 7 by J2BLUE |
I think if you read through all the stuff put out today you can actual rebut most of your own points here.
As for Evans' investment, I really think you could argue at least a good portion of it was down to his own mismanagement. How many players did we lose on frees for example? Other clubs, smaller than us, don't seem to rely on an owner pumping in millions each year. I honestly think he's literally paid for his repeated mistakes. Again, we've got a massive squad. So much dead money. I think we would be amazed at how much difference a decent team at the top will make. |
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| Marcus is being shown what we tried to tell him for years... on 21:02 - Apr 7 with 2873 views | hype313 |
| Marcus is being shown what we tried to tell him for years... on 20:58 - Apr 7 by wkj |
I agree, and you have made some very good points today (both on this post and the salvo of posts we've been seeing today).
It does feel more urgent now though surely? How thick is GC20's financial armour and how exactly will they mitigate our losses - particularly next season and the season we get promoted (if we do, and assuming it doesn't happen this season.)
I think my post is more of a cautionary post so people aren't thinking "We're ******* loaded", as was the case when Marcus came to town. |
The thing is we Evans is probably far wealthier than Gamechanger, but just being wealthy doesn't mean success as we have unfortunately witnessed over the years.
I'd actually prefer to have some pressure from the board and owners, accountability throughout the club, we have been pedestrian and bimbling along drifting into obscurity for so long.
Marcus's millions haven't really helped one iota, bar keeping us liquid. |  |
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| Marcus is being shown what we tried to tell him for years... on 21:05 - Apr 7 with 2821 views | Nthsuffolkblue |
| Marcus is being shown what we tried to tell him for years... on 20:54 - Apr 7 by J2BLUE |
I think if you read through all the stuff put out today you can actual rebut most of your own points here.
As for Evans' investment, I really think you could argue at least a good portion of it was down to his own mismanagement. How many players did we lose on frees for example? Other clubs, smaller than us, don't seem to rely on an owner pumping in millions each year. I honestly think he's literally paid for his repeated mistakes. Again, we've got a massive squad. So much dead money. I think we would be amazed at how much difference a decent team at the top will make. |
He had a tendency to turn down bids for our players regardless of how good those offers were. Overall we generally ended up buying high and selling low. Most clubs sell their better players and invest the money well. It is only the very top clubs that can afford to continually turn down bids and generally buy high and sell low. Their revenue streams come from being at the top level.
I am sure his motives were good but his business sense in football was severely lacking. |  |
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| Marcus is being shown what we tried to tell him for years... on 21:05 - Apr 7 with 2810 views | George03 |
| Marcus is being shown what we tried to tell him for years... on 20:58 - Apr 7 by wkj |
I agree, and you have made some very good points today (both on this post and the salvo of posts we've been seeing today).
It does feel more urgent now though surely? How thick is GC20's financial armour and how exactly will they mitigate our losses - particularly next season and the season we get promoted (if we do, and assuming it doesn't happen this season.)
I think my post is more of a cautionary post so people aren't thinking "We're ******* loaded", as was the case when Marcus came to town. |
Pretty sure the pension fund worth billion, so the money we expect invested would be a small percentage of its value of the fund. Essentially the club under Evans lost 6-10M a year but we don't know how much of the looses made could be reduced. | | | |
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| Marcus is being shown what we tried to tell him for years... on 21:59 - Apr 7 with 2612 views | Guthrum |
Strange as it may sound, GC20 may have more money available than Marcus Evans, in terms of available funds to spend on ITFC.
The latter might be a paper near-billionaire, but virtually all of that is tied up in his various businesses. The budget he has to support Town is limited to whatever can be spared from running them.
All the money raised by GC20 is earmarked for Ipswich. Yes, in the long term, that may prove to be a finite pot. But over a short-to-medium timescale, one would expect them to have factored running costs and development funds into their calculations. |  |
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| Marcus is being shown what we tried to tell him for years... on 22:25 - Apr 7 with 2458 views | J2BLUE |
| Marcus is being shown what we tried to tell him for years... on 21:59 - Apr 7 by Guthrum |
Strange as it may sound, GC20 may have more money available than Marcus Evans, in terms of available funds to spend on ITFC.
The latter might be a paper near-billionaire, but virtually all of that is tied up in his various businesses. The budget he has to support Town is limited to whatever can be spared from running them.
All the money raised by GC20 is earmarked for Ipswich. Yes, in the long term, that may prove to be a finite pot. But over a short-to-medium timescale, one would expect them to have factored running costs and development funds into their calculations. |
Yea, can't imagine there's a lack of money in the short to medium term when they really need us in the Prem or as close to it as possible. They must know other teams have thrown millions at it and failed.
I get the feeling we're going to go from no clear plan to a detailed plan maximising every little thing we can to maximise success. The plan in itself is the main piece of the jigsaw. Some extra funds for the squad would just be icing on the cake. | |
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| Marcus is being shown what we tried to tell him for years... on 22:35 - Apr 7 with 2394 views | BlueBlueBluex2 |
| Marcus is being shown what we tried to tell him for years... on 21:59 - Apr 7 by Guthrum |
Strange as it may sound, GC20 may have more money available than Marcus Evans, in terms of available funds to spend on ITFC.
The latter might be a paper near-billionaire, but virtually all of that is tied up in his various businesses. The budget he has to support Town is limited to whatever can be spared from running them.
All the money raised by GC20 is earmarked for Ipswich. Yes, in the long term, that may prove to be a finite pot. But over a short-to-medium timescale, one would expect them to have factored running costs and development funds into their calculations. |
Pure guesswork. I expect better from you. C- |  | | |
| Marcus is being shown what we tried to tell him for years... on 22:39 - Apr 7 with 2346 views | jeera |
| Marcus is being shown what we tried to tell him for years... on 22:35 - Apr 7 by BlueBlueBluex2 |
Pure guesswork. I expect better from you. C- |
How is this guesswork?
"the latter might be a paper near-billionaire, but virtually all of that is tied up in his various businesses. The budget he has to support Town is limited to whatever can be spared from running them."
How is this guesswork?
"All the money raised by GC20 is earmarked for Ipswich." |  |
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| Marcus is being shown what we tried to tell him for years... on 22:40 - Apr 7 with 2333 views | BlueBlueBluex2 |
| Marcus is being shown what we tried to tell him for years... on 22:39 - Apr 7 by jeera |
How is this guesswork?
"the latter might be a paper near-billionaire, but virtually all of that is tied up in his various businesses. The budget he has to support Town is limited to whatever can be spared from running them."
How is this guesswork?
"All the money raised by GC20 is earmarked for Ipswich." |
If you can provide the financial documentation to confirm those claims (screenshot will be fine) then I will retract that statement.
Cheers! [Post edited 7 Apr 2021 22:41]
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| Marcus is being shown what we tried to tell him for years... on 22:43 - Apr 7 with 2304 views | jeera |
| Marcus is being shown what we tried to tell him for years... on 22:40 - Apr 7 by BlueBlueBluex2 |
If you can provide the financial documentation to confirm those claims (screenshot will be fine) then I will retract that statement.
Cheers! [Post edited 7 Apr 2021 22:41]
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Which bit are you struggling with?
Edit: Right so you don't know. Do you think using superfluous terms like "Financial documentation" makes you sound knowledgeable?
It's not a secret that the majority of Evans' capital isn't fluid.
Gamechanger 20 is the company set-up for ITFC.
[Post edited 7 Apr 2021 22:53]
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| Marcus is being shown what we tried to tell him for years... on 22:56 - Apr 7 with 2248 views | Guthrum |
| Marcus is being shown what we tried to tell him for years... on 22:40 - Apr 7 by BlueBlueBluex2 |
If you can provide the financial documentation to confirm those claims (screenshot will be fine) then I will retract that statement.
Cheers! [Post edited 7 Apr 2021 22:41]
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The assessment of Evans' net worth in the Sunday Times Rich List - upon which the popular claims of near-billionaire status are founded - is based primarily upon the value of his companies, plus other assets and investments.
The actual STRL is paywalled ( https://www.thetimes.co.uk/article/rich-list-2020-profiles-101-199-featuring-pau ), but this page includes a pretty much direct quote (albeit fronm a different year): https://www.therichest.com/celebnetworth/celebrity-business/men/marcus-evans-net
O'Leary in his interview stated that Gamechanger 20 was set up with the express purpose of acquiring ITFC, thus it is a reasonable assumption that all its funds are available for spending upon the club. [Post edited 7 Apr 2021 22:57]
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| Marcus is being shown what we tried to tell him for years... on 23:30 - Apr 7 with 2119 views | wkj |
Actual proof?
It'll never catch on Guthers | |
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| Marcus is being shown what we tried to tell him for years... on 23:32 - Apr 7 with 2087 views | Coastalblue |
| Marcus is being shown what we tried to tell him for years... on 23:30 - Apr 7 by wkj |
Actual proof?
It'll never catch on Guthers |
Evidence you might say, at a push. |  |
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| Marcus is being shown what we tried to tell him for years... on 23:41 - Apr 7 with 2052 views | Grumpy_Old_Man |
| Marcus is being shown what we tried to tell him for years... on 21:02 - Apr 7 by hype313 |
The thing is we Evans is probably far wealthier than Gamechanger, but just being wealthy doesn't mean success as we have unfortunately witnessed over the years.
I'd actually prefer to have some pressure from the board and owners, accountability throughout the club, we have been pedestrian and bimbling along drifting into obscurity for so long.
Marcus's millions haven't really helped one iota, bar keeping us liquid. |
I'd have thought 'keeping us liquid' was quite important!! | | | |
| Marcus is being shown what we tried to tell him for years... on 00:00 - Apr 8 with 2033 views | PhilTWTD |
| Marcus is being shown what we tried to tell him for years... on 21:59 - Apr 7 by Guthrum |
Strange as it may sound, GC20 may have more money available than Marcus Evans, in terms of available funds to spend on ITFC.
The latter might be a paper near-billionaire, but virtually all of that is tied up in his various businesses. The budget he has to support Town is limited to whatever can be spared from running them.
All the money raised by GC20 is earmarked for Ipswich. Yes, in the long term, that may prove to be a finite pot. But over a short-to-medium timescale, one would expect them to have factored running costs and development funds into their calculations. |
Yes, that was the issue for ME, he's wealthy but was evidently not wealthy enough to compete at the financial level required in the Championship. Gamechanger appear to believe they have the funds to be able to do that once we're back up there, and Marcus seems to be happy with their funding. |  | | |
| Marcus is being shown what we tried to tell him for years... on 01:29 - Apr 8 with 1927 views | Freddies_Ears |
| Marcus is being shown what we tried to tell him for years... on 00:00 - Apr 8 by PhilTWTD |
Yes, that was the issue for ME, he's wealthy but was evidently not wealthy enough to compete at the financial level required in the Championship. Gamechanger appear to believe they have the funds to be able to do that once we're back up there, and Marcus seems to be happy with their funding. |
Spot on, Phil. My main issue is that ITFC is a far bigger proposition than Gamechanger's people have managed to date, and in a far more competitive league set up. Phoenix Rising and Helsingør are tiny compared with Town, so there is quite a bit of risk. They're both great places for pre-season games though. (I well remember Helsingør from some years back...) | | | |
| Marcus is being shown what we tried to tell him for years... on 01:33 - Apr 8 with 1911 views | Illinoisblue |
| Marcus is being shown what we tried to tell him for years... on 01:29 - Apr 8 by Freddies_Ears |
Spot on, Phil. My main issue is that ITFC is a far bigger proposition than Gamechanger's people have managed to date, and in a far more competitive league set up. Phoenix Rising and Helsingør are tiny compared with Town, so there is quite a bit of risk. They're both great places for pre-season games though. (I well remember Helsingør from some years back...) |
Yes, went to Helsingor in, I think 2002 or 2003 pre season. Got a photo with Joe Royle. |  |
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| Marcus is being shown what we tried to tell him for years... on 01:54 - Apr 8 with 1886 views | chrismakin |
| Marcus is being shown what we tried to tell him for years... on 00:00 - Apr 8 by PhilTWTD |
Yes, that was the issue for ME, he's wealthy but was evidently not wealthy enough to compete at the financial level required in the Championship. Gamechanger appear to believe they have the funds to be able to do that once we're back up there, and Marcus seems to be happy with their funding. |
Basically, unless you've got some verrry good academy players, to finish top 6 in championship you're going to need close to what £20 Mill of a wage budget at least nowdays? |  |
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| Marcus is being shown what we tried to tell him for years... on 03:11 - Apr 8 with 1833 views | wkj |
| Marcus is being shown what we tried to tell him for years... on 01:54 - Apr 8 by chrismakin |
Basically, unless you've got some verrry good academy players, to finish top 6 in championship you're going to need close to what £20 Mill of a wage budget at least nowdays? |
Or do what Brentford and that lot up the road are doing. Sell from the academy (even the players not expected to progress into the 1st team long term) and invest in players with mind to sell before their contract are up, for a profit.
While we are at CAT2 - Any super promising youths will be snatched from us for peanuts unless they sign a pro deal. I really don't think we can rely on our academy for a principal source of income as the cards are stacked heavily against CAT2. [Post edited 8 Apr 2021 3:13]
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| Marcus is being shown what we tried to tell him for years... on 07:09 - Apr 8 with 1658 views | BlueBlueBluex2 |
You are basing your assumptions on a newspaper article which wouldn’t know, with absolute certainly, the level of fluidity or available cash one has immediate access to.
So, again, you have assumed using the data available to you but you cannot say with 100% certainly that that is the case. | | | |
| Marcus is being shown what we tried to tell him for years... on 07:36 - Apr 8 with 1588 views | SomethingBlue |
| Marcus is being shown what we tried to tell him for years... on 21:59 - Apr 7 by Guthrum |
Strange as it may sound, GC20 may have more money available than Marcus Evans, in terms of available funds to spend on ITFC.
The latter might be a paper near-billionaire, but virtually all of that is tied up in his various businesses. The budget he has to support Town is limited to whatever can be spared from running them.
All the money raised by GC20 is earmarked for Ipswich. Yes, in the long term, that may prove to be a finite pot. But over a short-to-medium timescale, one would expect them to have factored running costs and development funds into their calculations. |
Spot on, they potentially have far deeper resources than Evans. How they'd feel about deploying them if we stayed in L1, or even lower half Champ, for a number more years is moot but the pot available to them is going to be really significant if things start well. | |
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