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I'd share your reservation if they had sold a controlling interest, but that's not the case.
Appreciate that a private equity firm can be pretty cut-throat about getting a quick return (I've seen that in my professional life), but with 40% investment they are limited in their ability to do that.
And with us not owning the ground, the risks are also thankfully limited, for whoever owns us.
Iâve seen the interview(s) and offer the following thoughts:
1. Ashton and the management team have committed their short term future to the club. 2. Theyâre after Cat A 3. The additional investment from the new people and the Three Lions is in addition to, not instead of. The Pension Fund people are not taking money out, but they may of course be reducing what theyâre putting in. Who know. 4. They were at pains to point out the sort of the existing management structure and a desire not to change it. 5. They are keen on investing in infrastructure. 6. Funding is sufficient without further investors.
I know Ashton is a salesman and bullshÂŁt bingo expert, but there is nothing in nearly three years that says overall he isnât an asset to the football club. He is, as are his team.
Is there a downside to these investors? Who knows. Theyâre certainly going to paint whatâs happening in a good light, but as a cynic and glass half empty merchant and despite having a vague knowledge of economic, it looks a good thing to me. I can only assume that as the club grows, so does the value of their assets.
Put it this way. Where we are now or where we were with Evansâ âŚ.dismal efforts?Iâll take now.
I'm not going to jump to conclusions about this "Investment". What I would say is look at Asda and Morrisons as examples of Private equity takeovers and whilst I am glad to see it's not a complete takeover which limits their impact if in future Gamechanger completely sold out I would have concerns. We always knew Gamechanger weren't playing with firefighters pension fund for the fun of it and that at some stage money would have to be made. A little soon perhaps, but given that we don't at present have any superstars coming through the youth team this will perhaps lessen the need for the likes of Davis to be sold if we didn't achieve promotion. I would question the statement of being an investment as all that has happened is part of the club has been sold for a significant amount on the original investment and whilst I am by no means an expert I presume this money isn't put into the club ?
Iâm guessing very large investments in the club (training facilities/new stands etc) can either be done by using your own money (pension fund), borrowing from banks or from using investment gained from sharing stock. Choosing the latter when it has risen significantly (and hopefully not peaked) probably ainât a bad choice but Iâm no expert.
The existing owners have not sold 40% of the club. A new investor has put new funds in alongside the existing owners. The existing owner retains control of the club.
Eh?
They have "secured a stake of just over 40 per cent of the club." That means 40% ownership of the club has been bought by them, (sold by the existing owners to them) with ORG retaining 50%. They haven't just given us free money!
They have "secured a stake of just over 40 per cent of the club." That means 40% ownership of the club has been bought by them, (sold by the existing owners to them) with ORG retaining 50%. They haven't just given us free money!
No I think what Freddie's Ears is saying is correct. It looks like the investment gives them 40% but ORG haven't sold any of their shares - they've just 'diluted' them so they aren't worth quite as much with another investment partner on board. So this is extra money.
Having watched the interview, I'm a bit calmer that this is all part of the original strategy. It still leaves a funny taste to hear words like private equity, capital, return on investment, but this is how football has gone.
I think this money will fund much of the infrastructure projects.
We're in a pretty robust state and being well run. Long may it continue!
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