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Paul Cook
at 18:26 1 Mar 2021

surely no ipswich town manager could say no to a stick of celery?
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Paul Cook
at 18:16 1 Mar 2021

i do hope he's open to the odd pickle
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Paul Cook
at 18:01 1 Mar 2021

but what's his approach to the cheese course?
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................................Employ a European manager......................
at 07:53 1 Mar 2021

and even then it's just as much of a throw of the dice as it has been on the previous 5 occasions.
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This pension fund business
at 10:10 27 Feb 2021

exactly, as i've posted on other threads, a commercial loan to the consortium secured on the consortium's other assets is the sort of thing a pension could well do. but a pension fund being a partner and accepting the risk associated with turning round a third tier uk club seems implausible to me.
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This pension fund business
at 09:44 27 Feb 2021

no sorry, don't believe it. yes they're big and the 1% they put to venture capital is still a big sum. but within that they still diversify - a fund approach, or a fund of funds approach, in which their exposure to very high risk investments is spread and shared would be typical. how would a pension fund have the expertise to assess the risk associated with a single third tier football club investment in the uk. there's diversification and then there's random.
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This pension fund business
at 09:35 27 Feb 2021

there's 'non-traditional' and then there's investing in a third tier foreign football club. there's an allocation to higher risk alternative assets and then there's taking a wild punt that a struggling football club gets promoted. i don't believe this sort of risk would be taken on by any pension fund as a single project. it would be like them betting on a horse. lending to a consortium who can mitigate the risk to the pension fund in various ways may be different, but a pension fund wanting to carry the risk themselves seems very unlikely.
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Can we please logically consider the pension fund funding?
at 18:29 26 Feb 2021

it's very interesting. pension funds structure their portfolio to match future liabilities. so commercial loans of a particular duration play a very specific role - and they match any risk against the interest rate. but for obvious reasons that doesn't tend to include very high risk loans. other than very big funds any exposure to higher risk assets would be through pooled vehicles - private equity funds, or secondary debt funds - so their exposure to particular individual projects is usually very low.

my bet therefore is that it can only be a conventional commercial loan to the consortium secured on other assets. yes they can sell it on - but only for what it is then worth, so the risk remains. someone, somewhere in all of this is doubtless doing something very clever financially, but i wouldn't expect that to be the pension fund.
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Can we please logically consider the pension fund funding?
at 18:10 26 Feb 2021

but that would just roll up the risk for the pension fund. do they really lend on that sort of very high risk basis?
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Can we please logically consider the pension fund funding?
at 18:07 26 Feb 2021

for a pension fund to accept that level off risk the eventual pay off would need to be very high. it's not the sort of thing i imagine fitting into a pension fund portfolio. but who knows.
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Most of the money from a pension fund?????
at 18:03 26 Feb 2021

i can't believe you get to borrow cheaply for something like this- unless the consortium is providing some serious security.
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Can we please logically consider the pension fund funding?
at 18:02 26 Feb 2021

the difference though to a loan from marcus evans is that we won't be able to just roll up the interest and add it to the debt. interest will now be a real outflow of funds.
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Can we please logically consider the pension fund funding?
at 17:50 26 Feb 2021

or the interest rate is high enough to make it interesting?
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Can we please logically consider the pension fund funding?
at 17:42 26 Feb 2021

they have provided funding at a rate of interest and with an appropriate degree of security provided by the consortium i would assume. the risk they are exposed to will therefore be different to the risk carried by the consortium. us pension funds are very active in lending in the uk - so the precise sector that they are lending to may be a bit unusual but i doubt anything else is.
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Most of the money from a pension fund?????
at 17:32 26 Feb 2021

booo, our club has become a lackey of the capitalist overlords.
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End of the "traditional family club"?!
at 16:39 26 Feb 2021

from family club to an entry in a private equity manager's ledger.
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Sounds a bit dodgy lol
at 15:18 26 Feb 2021

surely it's just the equivalent of a hedge fund raising its capital from that particular source. but it seems remarkably high risk for even a very big pension fund.
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If it’s true can I be the first to say fair f’king play to Evans
at 15:10 26 Feb 2021

that money had ceased to exist other than as a line in the accounts a long time ago.
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Lambert now outperforming Starmer?
at 17:43 24 Feb 2021

party politics is pretty much suspended at the moment. twtd isn't representative - most people of all parties are focused on the national emergency and aren't seeing it in narrow party terms. a leader of the opposition has a very hard hand to play. judge starmer when we're out of this crisis.
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Lambert now outperforming Starmer?
at 17:40 24 Feb 2021

there was a dialogue when the electorate told you what you could do with corbyn i guess.

go on, have the courage of your convictions and join the swp or respect or whatever they are passing themselves off as now days.
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