Its more like a racehorse but 10 thousand times more expensive. A costly hobby where one in a thousand will actually make you a few quid.The classic quote is "How do you make a small fortune out of owning a football club? Start with a large one."
A football club is more like a house than a business, you spend years spending money on it & hope when you come to sell that the market has moved on & it is worth more than you've spent on it.
Nope. Not at all. I did tell you that something might become clearer in the books towards the end of the year.Reckon he’s priming for a sale?
Reckon he’s priming toMassive statement.
Makes the club become saleable. It becomes an option for him.
Similar to Stoke, but a lot easier for Bet365 to do than Gibson O'Neill.
Hats off.
In a big way.
I don’t doubt for one second that he loves the club and is committed, but there will come a time where he realises it’s never going to be how it was in the first decade or so of his tenure and (understandably) he will get bored of trying to compete (with himself) eventually, plus all the criticism that goes with it.Nope. Not at all. I did tell you that something might become clearer in the books towards the end of the year.
It was not absolutely certain so we had to wait.
imagine the frustration in reading so many reports that the club is in his debt when he knew it was basically an accountancy exercise that would come out in the wash sooner rather than later. He suspected it would all be clear this month. He kept saying we were looking in the wrong place for the answers.
From various discussions with Steve Gibson this year I can tell you, hand on heart, he is 100% committed. He clearly loves the club and is absolutely driven to make us competitive as possible, playing great football and being an absolute focal point for the community.
Bored of competing with himself? I doubt it.. it’s never going to be how it was in the first decade? Like having an ex Man Utd captain a team playing in errea gear aiming for promotion? Having a pretty good cup run at the same time?Reckon he’s priming to
I don’t doubt for one second that he loves the club and is committed, but there will come a time where he realises it’s never going to be how it was in the first decade or so of his tenure and (understandably) he will get bored of trying to compete (with himself) eventually, plus all the criticism that goes with it.
But who knows, maybe he’ll be chairman til the day he dies.
Yeah but he just isn’t commited like he was etc etc
He doesn’t have the same spending power now though newy, which makes it much, much harder.Bored of competing with himself? I doubt it.. it’s never going to be how it was in the first decade? Like having an ex Man Utd captain a team playing in errea gear aiming for promotion? Having a pretty good cup run at the same time?
Bored of being the most respected football chairman in the uk? (If not the world) having the seat at that premier league table requires the finances of a small country.. and he makes it possible.
Is he going to stop living the dream? Because someone said something on a social media platform.. that quickly gets squirrelled away after the next victory.. the next linked player.. the next update from one of our highly sought after players and staff.
Nah, I’m not having it. Building teams, building dreams.. SPORTING GLORY
That's not borrowing money. It's debt factoring, which is just selling a settlement you will receive sometime in the future for cash now.Others have said we borrow a sum equivalent to the transfer fee received for a player so we have the cash now, while the funder gets the instalments & a fee.
No we can't. That would have required Gibson to put in £20m to buy Archer and then another £8m or so to fund incoming transfers instead of using the proceeds of Chuba's sale. That would have seen us getting deducted points under FFP next year, Everton style.Hmmmm...so we can't afford to keep Chuba or buy Archer.
Yeah, but that’s still quite a big acknowledgment to make when it’s £107m.Gibson as not put any new money into the club, he's just acknowledged that he's not getting back the £107m or so he has already spent.
You not able to see his/her post on page 1, in fact the 2nd post on this thread@indeedido will be fuming.
Massive statement.
Makes the club become saleable. It becomes an option for him.
Similar to Stoke, but a lot easier for Bet365 to do than Gibson O'Neill.
Hats off.
In a big way.
He is undoubtedly a good owner and a very safe pair of hands.If this has somehow made you reconsider your negative opinions of Gibson then you really want to have a long hard think about yourself
The club loses a lot of money, and he covers it from his own pocket, it can’t be that long since he wrote the last £100m off is it? This is simple accounting move to clean up the balance sheet, do you think he put £107m in thinking he’d get it back?
He’s an unbelievable owner, just because he’s got a managerial appointment wrong or not spaffed £20m on Archer whilst giving Akpom £50k a week on a 3 year deal doesn’t change that.