| Showing League One more mercy than advertised… 01:14 - Aug 19 with 1560 views | HemelBlue |
It was an embarrassing thing for our yankie newbies to say at the time, which was crass and lacking in understanding. No-one gives you promotion for turning up in the directors’ box with cash. I am really worried that these chancers don’t know what they’ve bought into.
Anyone concerned that they get buyer’s regret when they realise it will take longer to turn us around?
Does that fit with their required rate of return or divestment period? [Post edited 19 Aug 2021 1:16]
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| Showing League One more mercy than advertised… on 01:24 - Aug 19 with 1522 views | CokeIsKey |
Not really, that was all tounge in cheek and the owners have told us multiple times they have a healthy budget prepared if we stay in league 1 for any further seasons.
Not sure what the negative attitude towards them is about - so far they have backed Cook and Ashton superbly and any shortcomings won’t be down to them. |  |
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| Showing League One more mercy than advertised… on 08:31 - Aug 19 with 1133 views | HemelBlue |
| Showing League One more mercy than advertised… on 01:24 - Aug 19 by CokeIsKey |
Not really, that was all tounge in cheek and the owners have told us multiple times they have a healthy budget prepared if we stay in league 1 for any further seasons.
Not sure what the negative attitude towards them is about - so far they have backed Cook and Ashton superbly and any shortcomings won’t be down to them. |
Maybe I’m just bitter about how the season has started but I was genuinely embarrassed by the statement and felt someone who knew English football would not make it, whether their tongue was in their cheek or not. I just did not like it.
My more genuine concern is a finance one. The money basically comes from a pension fund. There will be an internal rate of return (i.e 8% per annum or similar) that underpins the investment case for the pension fund (and that’s being conservative because rates for most PE are much higher). They are burning cash at the moment which I am sure is in the plan. And maybe the investment case allows for 2 or 3 years in league one, but clubs in the Championship make losses too. My personal prediction is that getting us to the premier league (the only way to deliver any return on the mammoth investment) will be harder than these investors thought. If the investment case fails, irrespective of what our new owners want, the pension fund trustees will not keep flogging the horse. At least ME had the intetests of the club at heart, however misplaced his actions were. These guys are literally desperate for a financial return. English football is not great at providing this unless you are one of a rare few clubs. | | | |
| Showing League One more mercy than advertised… on 09:24 - Aug 19 with 1034 views | ghostofescobar |
Comments like this are embarrassing. Toe curlingly so. "Chancers"? How on earth can you trot that out? These people don't do anything by chance. As Cokels said, both the CEO and owners have said on more than one occasion that they want out of this league this season, but if not, so be it, they are prepared for that. I honestly think that if we were in the Champions League in 5 years, some on here would still find something to moan about. Your phrase "crass and lacking in understanding" is an excellent one, but just not in this context. |  |
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| Showing League One more mercy than advertised… on 09:27 - Aug 19 with 1027 views | Vic |
Not concerned at all that they will get buyers regret. They have spouted the mantra of ‘patience’ time and again. Whilst want promo this season they have also said that they understand it could take two seasons. They get it, we (the fans) are the impatient ones. |  |
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| Showing League One more mercy than advertised… on 10:38 - Aug 19 with 909 views | timothyeo |
We have no idea long-term how good these owners are, if they keep to their word or if they're just paying lip service.
What cannot be denied is they have fully backed Cook in every way possible and there's no excuse for us not performing with this squad. | | | |
| Showing League One more mercy than advertised… on 11:23 - Aug 19 with 848 views | SouperJim |
We're a punt. A very small one in the vast sea of cash that the fund represents. The chance of a return on the investment is low, but potentially a really good return if we reach the prem.
I'd wildly speculate they'll give it at least 10 years to see if it matures. |  |
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| Showing League One more mercy than advertised… on 11:35 - Aug 19 with 817 views | Guthrum |
| Showing League One more mercy than advertised… on 09:24 - Aug 19 by ghostofescobar |
Comments like this are embarrassing. Toe curlingly so. "Chancers"? How on earth can you trot that out? These people don't do anything by chance. As Cokels said, both the CEO and owners have said on more than one occasion that they want out of this league this season, but if not, so be it, they are prepared for that. I honestly think that if we were in the Champions League in 5 years, some on here would still find something to moan about. Your phrase "crass and lacking in understanding" is an excellent one, but just not in this context. |
The new owners spent over a year putting together their approach and persuading Evans to accept. That's hardly "chancing" or "taking a punt". As you and others say, there is zero evidence so far that the owners will not back their promises with action. |  |
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| Showing League One more mercy than advertised… on 11:48 - Aug 19 with 788 views | HARRY10 |
Money is not made by promotion/being in the Championship
Using any PL money to pay back the interest on the loan is pretty much an one off, as even those who spend all the TV money and £100m more ....WBA, Fulham often do not stay more than a season.
And despite the silly claims by some on here, the parachute payments are not some uncommitted windfall. Unless you have not bought any players, the parachute money is merely used to cover staged transfer payments and the wages therein incurred.
The only way to guarantee money is player sales - as with Adam Webster, Bristol to Brighton. | | | |
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| Showing League One more mercy than advertised… on 11:53 - Aug 19 with 776 views | ElephantintheRoom |
| Showing League One more mercy than advertised… on 08:31 - Aug 19 by HemelBlue |
Maybe I’m just bitter about how the season has started but I was genuinely embarrassed by the statement and felt someone who knew English football would not make it, whether their tongue was in their cheek or not. I just did not like it.
My more genuine concern is a finance one. The money basically comes from a pension fund. There will be an internal rate of return (i.e 8% per annum or similar) that underpins the investment case for the pension fund (and that’s being conservative because rates for most PE are much higher). They are burning cash at the moment which I am sure is in the plan. And maybe the investment case allows for 2 or 3 years in league one, but clubs in the Championship make losses too. My personal prediction is that getting us to the premier league (the only way to deliver any return on the mammoth investment) will be harder than these investors thought. If the investment case fails, irrespective of what our new owners want, the pension fund trustees will not keep flogging the horse. At least ME had the intetests of the club at heart, however misplaced his actions were. These guys are literally desperate for a financial return. English football is not great at providing this unless you are one of a rare few clubs. |
Town have been transformed into a franchise by borrowed money - curiously, by a freak of the fixture list they are playing the Milton Keynes franchise at the weekend - who now have much closer links with Ipswich Town than Ipswich Town.
I'm not sure 'the chancers' have borrowed much cash at all in the short term - and they blithely think there will be an orderly queue of 'new investors' to help pay off the debt when the man from Ohio comes a calling - probably expecting some sort of return within a year with the 'big bucks' due by year three, if my own experience of 'american investment' is anything to go by. So the short answer is - mild panic, but essentially OK if the expected promotion doesnt occur this year - as its all in the spreadsheet. Next year there would be belt tightening - and more regular meetings to lay the law down, usually via some USA-based accountant breezing in with no grasp of the business whatsoever, but a gimlet eye on the figures - and even the man in the open neck shirt will be history if promotion isnt attained by end of year two.
Year three - expect the 'three lions' to tout the club to anyone who will buy in - if you think the ownership is a tad embarrassing now - and I tend to agree - just imagine what it will be like when they are offloading their debt asap.... googling the Phoenix ownership might give you a useful insight there, some of the 'owners' are as invisible as Marcus Evans, who lest we forget owns just as much of the club as the three chancers.
That strategy of parasitising debt seems to have worked for them with their third rate club in Phoenix - but Phoenix is a bit more impressive than Ipswich and 'soccer' is very much a minority sport in the USA with the illusion of vast expansion that has been pedalled off and on since the seventies. Quite how they expect to pull off the same trick in an English backwater in a league they know precisely nothing about whilst relying on a cabal of UK-based 'chancers' is a good question. The next three years off the pitch will be a tad more interesting than the last three, that's for sure. | |
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| Showing League One more mercy than advertised… on 12:18 - Aug 19 with 733 views | braveblue |
| Showing League One more mercy than advertised… on 08:31 - Aug 19 by HemelBlue |
Maybe I’m just bitter about how the season has started but I was genuinely embarrassed by the statement and felt someone who knew English football would not make it, whether their tongue was in their cheek or not. I just did not like it.
My more genuine concern is a finance one. The money basically comes from a pension fund. There will be an internal rate of return (i.e 8% per annum or similar) that underpins the investment case for the pension fund (and that’s being conservative because rates for most PE are much higher). They are burning cash at the moment which I am sure is in the plan. And maybe the investment case allows for 2 or 3 years in league one, but clubs in the Championship make losses too. My personal prediction is that getting us to the premier league (the only way to deliver any return on the mammoth investment) will be harder than these investors thought. If the investment case fails, irrespective of what our new owners want, the pension fund trustees will not keep flogging the horse. At least ME had the intetests of the club at heart, however misplaced his actions were. These guys are literally desperate for a financial return. English football is not great at providing this unless you are one of a rare few clubs. |
Pension funds invest long term. It is ideal. | | | |
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