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So are you saying that a billionaire business man is unable to raise funds to invest in a club that he owns?
Wheres the Money gone?
So are you saying that a billionaire business man is unable to raise funds to invest in a club that he owns?
He can raise funds to invest in what he wants. Billionaires tend to invest more in stuff that makes them billionaires. We’ve no idea what he needs to fund outside of the football club that puts more of a pressing need to be funded over and above PNE. As others say on many threads. It’s always easy to spend someone else’s money
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Of course he can do what he wants, that was exactly my point, if he wants to invest more in PNE then he will be able to do so.
As for spending someone else's money,the money spent on players at a football club is hardly an outrageous topic for discussion on a forum such as this.
Well said Jake!
Another point many seem to be missing is that buying, say, a £5M striker requires paying £5M-striker wages. As soon as that happens, the next morning Pearson is knocking on Neils's door. "Hey boss, I'm a £5M player too. I'd like the same wages as the new guy - or a £5M transfer"... and there is a queue of players behind him.
Remember Wimbledon in the days of the Crazy Gang? Togetherness and TEAM despite the low wages - until they spent big money on Hartson and a couple of others. No more Crazy Gang - no more club.
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If you read much on a variety of threads you will have seen the point about wages discussed to death.
I must have missed the posts advocating spending such a huge amount on a striker.
I've only read reasonable suggestions and hopes for an experienced Championship standard striker for a fraction of that amount.
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Experienced Championship standard striker for a fraction of 5m? Maybe you can find me a standard house in London for a fraction of 500k.
Exactly - the most we can spend on any player even in these days of inflated fees is probably £2-2.5m otherwise their wage demands will bust our structure. Oh and Pearson would be a £15m transfer.
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Yes, several for far less than £5m and none of us have suggested North End spend anywhere near that amount. Nonsense to suggest so.
Still hopeful of some kind of deal to add some realistic goal threat and options up front for AN.
Do you not think it would be good if the club could potentially discuss things like this at the fans forum for example to give the fans an idea of exactly whats going on behind the scenes etc? Of course, certain details either can't or do not have to be discussed either by law or us simply not having a need to know - however, when we sold Hugill, naturally the fans are going to question where that money is going etc. If it is simply going back to TH, then fair enough, some will be pissed off, but at the same time, can we really argue if TH wants to take that money back? On the other hand, if it is being reinvested into the club - where is it being reinvested/why/how and when etc. I don't think it is unreasonable as fans to pose these questions or for the owner/club to provide some information that will inform the fans but also protect their interests etc.
What annoys me is why people seem to think Hemmings has this divine right to try and turn a profit from PNE. No football clubs nowadays turn a profit in the true sense, certainly not at this level anyway!
The club was here long before Hemmings and it will be here long after him too. He isn't the be all and end all of football club owners. People make out like other clubs don't have chairmen having to put money in to keep things going, of course they do! Stop acting like Hemmings is some god because he's kind enough to chuck a bit of cash at an asset that he bought, knowing full well it's position/income/expenditure/potential etc. It's getting boring...
I don't get the TH love in either. The club received a winding-up petition from HMRC. TH stepped in and bought up the 72% of shares that he didn't own at the time for just 5p a share when they had been trading at 95p earlier in the same month. if some people want to see him as a saviour for doing that, then thats up to them. However, it could easily be argued that he allowed the club to get the winding-up order in order to engineer a position whereby he could buy the shares at a fraction of their last trading price. A lot of lifelong PNE supporters lost a lot of money in that deal.
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You are spot on with you post. TH can't do wrong with a surprising number of fans on the forum they need to stop burying there heads in the sand. What's happened this summer is totally out of order as TH is at last showing his true ambitions for PNEFC
I wish people would stop crying about shares they lost years ago, buying shares (especially football) come with a warning, if you cannot afford to lose don’t buy.
I agree with you in terms of ordinary investing and I didn't have any shares but a lot of fans who are not normally 'investors' bought for £4 or even £5 a share because it was 'their' team and they wanted to feel like they owned a tiny part of it. What did they get for their starry eyed payment? Nothing but ripped off by an owner who couldn't care less for the small man and lost no sleep in forcing through a compulsory purchase at a measly 5p.
So should the finger of blame not lie with Bryan Gray and Tony Scholes or whoever it was that initiated the original offering on a venture that ultimately didn’t see out the business plan they sold? Ultimately it was the ITV digital fiasco that caused football to implode and that took with it the plan that Gray et al had hatched. Hemmings picked up the pieces of that. Odd that he’s the fall guy for two events out of his control that set the ball rolling in the first place. Maybe he should have let the club collapse into administration (you also have to remember that rather than owner he was majority shareholder I thought and ultimately lost out also....and probably lost yet again way more than any fan)
Odd how the same story can be spun differently
That is correct. However, he was probably the only one in a financial position to take advantage of the situation and remains the only person with the possibility to recoup his money. Ironically, that would require promotion to the prem and he appears unwilling to risk a further, yet small to him, player investment to increase his chances of doing that.
He was the only rich person in the world with lots of cash? I thought there were loads of buyers lined up who would be willing to invest? If he ever recoups his investment he’ll just get even more abuse as he’d be in the same position as Oystons basically. Our fans would have a field day if he takes any money out of the club. Yet more reasons to complain
I meant that he was the only existing shareholder able to launch a buy out. Anyway, some will see TH in a good light and some won't. Each to their own.