Wheres the Money gone?

[One_of_our_own2]

Most owners of football clubs become owners because they are passionate fans of the club and they want the club to progress and go forward. TH became the owner of PNE because he saw a business opportunity in getting PNE on the cheap. At best, his non financial motivation for buying the club was to save PNE from going under - hardly inspiring stuff and probably explains his reluctance to spend.

Yes, he wants us to get promotion to the prem, but his motivation for that may well be the added worth that would bring plus the increase attractiveness to a potential buyer rather than his passion for PNE. He has even stated, on more than one occasion, that the aim is to get to the prem but maybe the bit that he left out of the statement is that it can only be done within the rigid rules and framework that he sets.

As a prem club we would be very attractive and a good sale could easily be achieved. As a championship club we could possibly be attractive to a buyer looking to take a bit of a punt but TH wouldn't get a great deal out of the sale. As a league 1 club, TH knows there is almost no chance of a sale and certainly not one that will get his money back.

So, is it not all this that sets the structure in TH's eyes? We currently have the 4th lowest budget in the league. If the league pans out that way, we maintain our championship status remain slightly attractive to a potential buyer and live to fight another day. If everything clicks (like it almost did last season) TH's birthdays come all at once and he walks away a very happy man. If we get relegated, its back to square 1 and start again. TH doesn't want to start again so money will be made available to stop relegation happening. Other than that, TH thinks we can tick along sailing the good ship PNE whilst maintaining the ridiculously low in this league yet attractive to a buyer wage cap and keep his fingers crossed for a favourable wind.

It made sense from his point of view and I could see the sense in his strategy. However, after years and years of this, doesn't he realise that hoping to get promoted on a minuscule budget doesn't work in today's championship like it used to a while ago and that nobody is going to pay the asking price for PNE as an average championship side with low home support?

Cut your losses and sell for a reasonable amount TH and let someone who is passionate about PNE take the reins.

How many football clubs are owned by passionate fans...? I think you are slightly deluded here...

Why wouldn’t someone looking to buy ANYTHING want to pay the lowest price they can for it? Should he have paid the shareholders more so they could have bought better cars and houses? Unless you were one of those shareholders I see no other reason why anyone would begrudge getting the best value they can for a purchase...

‘Stopping PNE going under’ hardly inspiring stuff...

I won’t bother reading the rest of your bullshit post


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[Doc Brown]

Most owners of football clubs become owners because they are passionate fans of the club.

TH became the owner of PNE because he saw a business opportunity in getting PNE on the cheap. At best, his non financial motivation for buying the club was to save PNE from going under - hardly inspiring stuff and probably explains his reluctance to spend.

Disagree. Most football club owners have absolutely no prior affinity to the club they purchase. Does Mike Ashley bleed black and white? Do the Glazers love Man United? Have The Venky's been lifelong Rovers fans?

You mean the 'business opportunity' that hasn't made him a penny, and cost him in excess of £50 million to subsidise during his stewardship?

It made sense from his point of view and I could see the sense in his strategy. However, after years and years of this, doesn't he realise that hoping to get promoted on a minuscule budget doesn't work in today's championship like it used to a while agos.

There are plenty of clubs who have been promoted on small budgets and relatively small crowds. Huddersfield last year being the prime example.

Cut your losses and sell for a reasonable amount TH and let someone who is passionate about PNE take the reins.

It's well and good making this throw away statement, but the issue is, how many multi millionaires are there knocking around, who are completely besotted by PNE (as well as completely sane, intelligent and football savy) and willing to risk potentially all of their personal fortune bank rolling the 4th smallest club in The Championship?

I can't see too many lining up.

 

[norky84]

contracts and new training ground.

Training ground is being funded from the housing development.

Some money has been spent on new contracts, and rightly so. But we've certainly not spent anywhere near all the money from profit on player sales on new contracts.

 

[Doc Brown]

Where would that be then? Conference North with Stockport and York or go into admin like Leicester and Bournemouth and established in the Premier League.

Noone can say for certain but Preston North End would still be playing professional football.

I have had it now with all this TH reverence. now. He has had plenty of value out of his relationship with PNE and screwed many supporters out of there shares to get where he has now.

Time for him to shit or get off the pot.

Very few, if any people, are being 'reverential' towards Hemmings and treating him as if he is the Pope.

Where exactly has Hemmings 'got to now' from his time at PNE?

 

[dashrunner]

a message to all the moaners - shut up or raise the money and offer to buy the club.
TH is a wise business man and does what he does for his own reasons and always will do.

 

[tcinders]

Training ground is being funded from the housing development.

Some money has been spent on new contracts, and rightly so. But we've certainly not spent anywhere near all the money from profit on player sales on new contracts.

Hemmings is also using the brand of Preston North End as leverage to develop the land and housing.
The feeling that seems to be rising is that the fans are not being told the full picture.
As someone else said there is a fair amount of spin but never a concise statement from the club of the intentions going forward.
If we get any news it’s usually from the manager and it’s a little grey as if he doesn’t really have the authority to say what he’s thinking.
I am afraid that history is repeating itself and the things are unraveling.

 

[Doc Brown]

At least half of the incomings I would have thought, unless you think it has all been spent on new contracts and the signings we have made to date.
How much do you think remains?

Apologies proton, I got side tracked yesterday evening.

At least half would mean we still have over £6 million in the bank from the sales of Hugill and Cunningham. I can't see that myself, especially given Hugill was sold in 8 months ago. My estimate (and it's only an estimate) would be that we have a couple of million left of those transfer fees.

Bearing in mind, I'm including the general running costs of the club, most notably the players wages (that Hemming would otherwise just cover out of his own pocket) in the outgoing costs. As well as players bought in, improved or extended contracts, paying off debt, improvements to the stadium. The running costs of football club are bottomless. There will be a million and 1 things that transfer money will have been/is currently being spent on.

 

[Schemer]

a message to all the moaners - shut up or raise the money and offer to buy the club.
TH is a wise business man and does what he does for his own reasons and always will do.

People keep saying he's an astute businessman and his record would appear to back that up but how astute is it to keep pumping money into a venture just to keep it going when it hasn't an earthly of turning a profit and indeed, is losing millions of pounds per year? Surely that isn't sustainable? The only ways out for Hemmings are to sell the club and cut his losses, have a fire sale of the better players/highest earners and return to League 1, where we may have a chance of being self-sufficient.......or to loosen the purse strings a little to back a good young manager with a promising squad and give them a fighting chance to reach the PL, when he could cash in his chips and collect his winnings. I can't see a queue of potential buyers forming on Sir Tom Finney way, so I wonder which of the other two options Hemmings will choose?

 

[flippinheck]

Some seriously wild accusations flying around on Twitter. People need to get a grip. We have brought in new players, 2 on loan that won't be cheap. We getting a new training ground. And remember Hemmings has said in the past that he would sell if the deal was right for PNE. So get the cash out and have a go. You'll have my 100% support like Hemmings has, but if we go back to the Shaw days, then I will be there for the Protest.

We sold Horgan and Doyle to cover the Man City signings. The training ground is funded by a profitable house building scheme. Seems like we are waiting to sell the building plots before we start on the training ground though.
He would sell PNE for far more in the premiership where we would have 20000 plus crowds etc.
I dont think it is too much to ask to spend some of the 9m + from player sales on a decent striker.

 

[flippinheck]

a message to all the moaners - shut up or raise the money and offer to buy the club.
TH is a wise business man and does what he does for his own reasons and always will do.

We bought it once and lost 99% of our investment but had no say in how our investment was spent.

 

[beagleman]

Gonna put this as kindly as i can, please bear with me. TH is not getting any younger. If he died tomorrow apart from his vast business empire and money what would there be to remember him ? I am not quite as old but as you do get older you think about how you would want to be remembered. If Trev passed would we rename a stand the Hemmings stand ? Or name a road after him etc ? No. For me, Trev should use a percentage of his vast wealth to go for it and get the team we all need, ok so if it doesnt come off then sell or stand the loss, he can afford it. On the flip side if it does work then he becomes enshrined in PNE lore forever and has stands etc named after him forever more. Damn sure i would want to be remembered in the future like Jack Walker etc. Yes i know he has been great for the club but i do think he could stand to do a bit more without it hitting his business empire.

 

[proton]

Apologies proton, I got side tracked yesterday evening.

At least half would mean we still have over £6 million in the bank from the sales of Hugill and Cunningham. I can't see that myself, especially given Hugill was sold in 8 months ago. My estimate (and it's only an estimate) would be that we have a couple of million left of those transfer fees.

Bearing in mind, I'm including the general running costs of the club, most notably the players wages (that Hemming would otherwise just cover out of his own pocket) in the outgoing costs. As well as players bought in, improved or extended contracts, paying off debt, improvements to the stadium. The running costs of football club are bottomless. There will be a million and 1 things that transfer money will have been/is currently being spent on.

Well i think he would have kept putting money in to cover the general running costs had the fees not come our way, so I suppose I'm saying the fees could be looked upon as a windfall to allow a little more expenditure than normal but it's his money...... let's see were we are at the end of the week, I'll keep my verdict on our summer business till then.

 

[Former Member]

Apologies proton, I got side tracked yesterday evening.

At least half would mean we still have over £6 million in the bank from the sales of Hugill and Cunningham. I can't see that myself, especially given Hugill was sold in 8 months ago. My estimate (and it's only an estimate) would be that we have a couple of million left of those transfer fees.

Bearing in mind, I'm including the general running costs of the club, most notably the players wages (that Hemming would otherwise just cover out of his own pocket) in the outgoing costs. As well as players bought in, improved or extended contracts, paying off debt, improvements to the stadium. The running costs of football club are bottomless. There will be a million and 1 things that transfer money will have been/is currently being spent on.

You’re wrong unfortunately Maccy!

 

[One_of_our_own2]

People keep saying he's an astute businessman and his record would appear to back that up but how astute is it to keep pumping money into a venture just to keep it going when it hasn't an earthly of turning a profit and indeed, is losing millions of pounds per year? Surely that isn't sustainable? The only ways out for Hemmings are to sell the club and cut his losses, have a fire sale of the better players/highest earners and return to League 1, where we may have a chance of being self-sufficient.......or to loosen the purse strings a little to back a good young manager with a promising squad and give them a fighting chance to reach the PL, when he could cash in his chips and collect his winnings. I can't see a queue of potential buyers forming on Sir Tom Finney way, so I wonder which of the other two options Hemmings will choose?

That’s owning a football club for you... pumping money in


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[One_of_our_own2]

We sold Horgan and Doyle to cover the Man City signings. The training ground is funded by a profitable house building scheme. Seems like we are waiting to sell the building plots before we start on the training ground though.
He would sell PNE for far more in the premiership where we would have 20000 plus crowds etc.
I dont think it is too much to ask to spend some of the 9m + from player sales on a decent striker.

Agree we should have invested more this summer but much bigger clubs than us with much bigger spending power have spent tens of millions and that’s not been enough...

So what should he have spent to guarantee this return of prem football


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[Deepdale roar]

Agree we should have invested more this summer but much bigger clubs than us with much bigger spending power have spent tens of millions and that’s not been enough...

So what should he have spent to guarantee this return of prem football


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You could spend 200m and not guarantee promotion. As it is we struggled to score goals last season and look even worse this season. Have we got the right players, is the manager clueless or is it a combination of the two? Not sure.

Nmecha was a gamble that has yet to work.

Right now Blackburn and Wigan look far better than us and seem prepared to pay Championship wages on similar crowds to be competitive. Even Millwall have spent a decent sum on a striker this week, a player Grayson wanted to sign.

We have gone for cheap Irish players and 3 of the 5 have been identified as not good enough by 2 different managers already.

 

[Wabi Sabi]

That’s owning a football club for you... pumping money in


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Is Trevor pumping in millions though? Or are the losses in PNE offsetting the profit tax on his other businesses? I don't know, I am not an accountant but I am just wondering if this is the case.

 

[raefil]

Gonna put this as kindly as i can, please bear with me. TH is not getting any younger. If he died tomorrow apart from his vast business empire and money what would there be to remember him ? I am not quite as old but as you do get older you think about how you would want to be remembered. If Trev passed would we rename a stand the Hemmings stand ? Or name a road after him etc ? No. For me, Trev should use a percentage of his vast wealth to go for it and get the team we all need, ok so if it doesnt come off then sell or stand the loss, he can afford it. On the flip side if it does work then he becomes enshrined in PNE lore forever and has stands etc named after him forever more. Damn sure i would want to be remembered in the future like Jack Walker etc. Yes i know he has been great for the club but i do think he could stand to do a bit more without it hitting his business empire.

Its a good point, Jack Walker even after all these years is revered like A God in blackburn, theres even a pub named after him, Uncle Jacks.

 

[One_of_our_own2]

You could spend 200m and not guarantee promotion. As it is we struggled to score goals last season and look even worse this season. Have we got the right players, is the manager clueless or is it a combination of the two? Not sure.

Nmecha was a gamble that has yet to work.

Right now Blackburn and Wigan look far better than us and seem prepared to pay Championship wages on similar crowds to be competitive. Even Millwall have spent a decent sum on a striker this week, a player Grayson wanted to sign.

We have gone for cheap Irish players and 3 of the 5 have been identified as not good enough by 2 different managers already.

To be fair the year Rovers went down they had a better striker force than us; Gallagher, Graham and Emnes

Agreed we had to buy someone it’s just not an exact science is it


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[One_of_our_own2]

Is Trevor pumping in millions though? Or are the losses in PNE offsetting the profit tax on his other businesses? I don't know, I am not an accountant but I am just wondering if this is the case.

He will have spent millions on PNE


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