Carnero Posted September 24 Share Posted September 24 2 hours ago, Ambitious said: So the news is that there is no news? Nothing that’s changed anyway. It sounds like a news piece to drum up interest, especially given the 80% remark. Not sure who would buy-up 80% or the business and then allow the (then) minority shareholder run it - unless he had huge belief in his partners’s ability to be successful. I’m not sure that these are the most realistic terms. Steve Parrish runs Palace with only a 10% ownership share, so it's not unheard of. Crewton 1 Link to comment Share on other sites More sharing options...
YouRams Posted September 24 Share Posted September 24 Maybe the rumours of Niall and a consortium are true. jimtastic56 and Fraser_23 2 Link to comment Share on other sites More sharing options...
Comrade 86 Posted September 24 Share Posted September 24 1 hour ago, rammieib said: If you want to lose a lot of money quite quickly…. Then yes I agree the attractiveness of the club is high up there. You're stuck in a vortex of doom again, aren't ya, Rammie? Shall I pop round and we can re-set you using the technique that worked so well last time? Premier ram and Ziga Zaga10 2 Link to comment Share on other sites More sharing options...
Ambitious Posted September 24 Share Posted September 24 12 minutes ago, Carnero said: Steve Parrish runs Palace with only a 10% ownership share, so it's not unheard of. It's possible, but I guess it depends on the people coming in and their estimations of Clowes as the decision maker. Parish was one of the people who bought the club from Simon Jordan after the banking crisis destroyed his source of funds, by the time he reduced his shares to the 10% he has now he had proven over more than a decade that he was very capable at running a club, with a semblance of stability at the very top level. I still think it's very unusual that someone would buy 80% of a loss-making business and hand the keys over to a person who has limited exposure and success at running a football club. It comes down to a few things, obviously (& rightly) Clowes is a popular figure with the fans and will retain the backing of us all for generations to come. I guess a new owner/investor could hide behind him as a shield, in that sense he's invaluable, but when it comes to making key decisions (hiring/firing managers, board members, etc) I'd have to assume that the person with the majority ownership will want to have final say. Oldben 1 Link to comment Share on other sites More sharing options...
Barney1991 Posted September 24 Share Posted September 24 Sure I heard dom say on radio derby a property tycoon was in pole position wonder if it’s Morgan who owned wolves wasn’t he in property Eoghan1884 1 Link to comment Share on other sites More sharing options...
Andicis Posted September 24 Share Posted September 24 8 minutes ago, Ambitious said: It's possible, but I guess it depends on the people coming in and their estimations of Clowes as the decision maker. Parish was one of the people who bought the club from Simon Jordan after the banking crisis destroyed his source of funds, by the time he reduced his shares to the 10% he has now he had proven over more than a decade that he was very capable at running a club, with a semblance of stability at the very top level. I still think it's very unusual that someone would buy 80% of a loss-making business and hand the keys over to a person who has limited exposure and success at running a football club. It comes down to a few things, obviously (& rightly) Clowes is a popular figure with the fans and will retain the backing of us all for generations to come. I guess a new owner/investor could hide behind him as a shield, in that sense he's invaluable, but when it comes to making key decisions (hiring/firing managers, board members, etc) I'd have to assume that the person with the majority ownership will want to have final say. Won't Clowes still own the stadium? So even if he only owns 20% of the shares, that is likely another influencing factor. jono 1 Link to comment Share on other sites More sharing options...
Kernow Posted September 24 Share Posted September 24 We'll need an Investment rumours thread similar to the Transfer Rumours thread at this rate. In reply to the BBC Sport Derby account on Twitter, one person is claiming that there was an American consortium there as guests for the Bristol City game, another is claiming that Stephen Pearce was at the ground with officials from Clube Atletico Mineiro (Brazilian club), which would be a very random thing to pluck out of thin air. Eoghan1884 1 Link to comment Share on other sites More sharing options...
Crewton Posted September 24 Share Posted September 24 40 minutes ago, Ambitious said: It's possible, but I guess it depends on the people coming in and their estimations of Clowes as the decision maker. Parish was one of the people who bought the club from Simon Jordan after the banking crisis destroyed his source of funds, by the time he reduced his shares to the 10% he has now he had proven over more than a decade that he was very capable at running a club, with a semblance of stability at the very top level. I still think it's very unusual that someone would buy 80% of a loss-making business and hand the keys over to a person who has limited exposure and success at running a football club. It comes down to a few things, obviously (& rightly) Clowes is a popular figure with the fans and will retain the backing of us all for generations to come. I guess a new owner/investor could hide behind him as a shield, in that sense he's invaluable, but when it comes to making key decisions (hiring/firing managers, board members, etc) I'd have to assume that the person with the majority ownership will want to have final say. A Chairman doesn't have to be the key decision maker. They could put a financial guy alongside him to ensure that their investment is managed well, with Clowes as figurehead with the knowledge and understanding of the club and fans. Link to comment Share on other sites More sharing options...
RoyMac5 Posted September 24 Share Posted September 24 (edited) Edited September 24 by RoyMac5 Crewton and IslandExile 2 Link to comment Share on other sites More sharing options...
Tombo Posted September 24 Share Posted September 24 1 hour ago, Ambitious said: It's possible, but I guess it depends on the people coming in and their estimations of Clowes as the decision maker. Parish was one of the people who bought the club from Simon Jordan after the banking crisis destroyed his source of funds, by the time he reduced his shares to the 10% he has now he had proven over more than a decade that he was very capable at running a club, with a semblance of stability at the very top level. I still think it's very unusual that someone would buy 80% of a loss-making business and hand the keys over to a person who has limited exposure and success at running a football club. It comes down to a few things, obviously (& rightly) Clowes is a popular figure with the fans and will retain the backing of us all for generations to come. I guess a new owner/investor could hide behind him as a shield, in that sense he's invaluable, but when it comes to making key decisions (hiring/firing managers, board members, etc) I'd have to assume that the person with the majority ownership will want to have final say. If one party bought 80% not a chance. If a number of investors were to join him and he remains the largest shareholder with 20%, very feasible. He took the club over as a single party but now wants a consortium of a kind, but won't go any lower than 20%. Other individuals may have 1% or 15%, but he remains the main man. Quite messy, but I'd have thought that's why he insists on retaining Executive Chairman status to ensure the business continues on the course he has set it on Link to comment Share on other sites More sharing options...
twelveincher Posted September 24 Share Posted September 24 4 minutes ago, Tombo said: If one party bought 80% not a chance. If a number of investors were to join him and he remains the largest shareholder with 20%, very feasible. He took the club over as a single party but now wants a consortium of a kind, but won't go any lower than 20%. Other individuals may have 1% or 15%, but he remains the main man. Quite messy, but I'd have thought that's why he insists on retaining Executive Chairman status to ensure the business continues on the course he has set it on Messy sounds about right. Think in the GSE days there were a couple of mentions of people not wanting to match other investors ambition and investment (taking a guess I picked this up from a Brett Wilson tweet when he was engaging with fans), meaning hands were tied about how much could actually be pumped in to the club. Link to comment Share on other sites More sharing options...
Elwood P Dowd Posted September 24 Share Posted September 24 (edited) The injection of funds is not as important as the manner in which we intend to spend those funds, we have some history of wasting our money. DC needs to find an investor who is a good fit to the culture that DC has set up at the club. If that investor has a few bob to invest so much the better🐏 Fake Sheiks and weird Spaniards need not apply 😂 Edited September 24 by Elwood P Dowd Oldben, hales300k and Raich Carter 3 Link to comment Share on other sites More sharing options...
Crewton Posted September 24 Share Posted September 24 4 minutes ago, Tombo said: If one party bought 80% not a chance. If a number of investors were to join him and he remains the largest shareholder with 20%, very feasible. He took the club over as a single party but now wants a consortium of a kind, but won't go any lower than 20%. Other individuals may have 1% or 15%, but he remains the main man. Quite messy, but I'd have thought that's why he insists on retaining Executive Chairman status to ensure the business continues on the course he has set it on Different magnitudes, but Jim Ratcliffe has only 25% of Man U but the Glaser's are letting him run the show, because all they want is their share premiums. So it does happen, but I agree it's fairly unusual. Link to comment Share on other sites More sharing options...
Topram Posted September 24 Share Posted September 24 1 hour ago, Barney1991 said: Sure I heard dom say on radio derby a property tycoon was in pole position wonder if it’s Morgan who owned wolves wasn’t he in property I thought I heard that too but not sure if I heard it wrong Link to comment Share on other sites More sharing options...
twelveincher Posted September 24 Share Posted September 24 Just now, Topram said: I thought I heard that too but not sure if I heard it wrong Was also linked during admin (Jez Moxey consortium), so possible… I know a Wolves fan who would say that we should stay well clear… but I think they just got lucky with their subsequent ownership model and success! Link to comment Share on other sites More sharing options...
Rambalin Posted September 24 Share Posted September 24 16 minutes ago, Topram said: I thought I heard that too but not sure if I heard it wrong Just listened too the podcast Dom mentioned a big source property company not a specific person though would of course own and run said company Link to comment Share on other sites More sharing options...
Rambalin Posted September 24 Share Posted September 24 1 hour ago, Barney1991 said: Sure I heard dom say on radio derby a property tycoon was in pole position wonder if it’s Morgan who owned wolves wasn’t he in property Morgan used to be chairman of Redrow .....the 2024 Sunday Times Rich List estimated his net worth at £915 million Link to comment Share on other sites More sharing options...
Rambalin Posted September 24 Share Posted September 24 1 hour ago, Kernow said: We'll need an Investment rumours thread similar to the Transfer Rumours thread at this rate. In reply to the BBC Sport Derby account on Twitter, one person is claiming that there was an American consortium there as guests for the Bristol City game, another is claiming that Stephen Pearce was at the ground with officials from Clube Atletico Mineiro (Brazilian club), which would be a very random thing to pluck out of thin air. The Brazilian club is attracting attention from the City Football Group who have bid £180 million for control. . Link to comment Share on other sites More sharing options...
Ambitious Posted September 24 Share Posted September 24 1 hour ago, Tombo said: If one party bought 80% not a chance. If a number of investors were to join him and he remains the largest shareholder with 20%, very feasible. He took the club over as a single party but now wants a consortium of a kind, but won't go any lower than 20%. Other individuals may have 1% or 15%, but he remains the main man. Quite messy, but I'd have thought that's why he insists on retaining Executive Chairman status to ensure the business continues on the course he has set it on Very good point - although consortiums can provide numerous sources of cash flow I think from a football operation they rarely work. The saying that a camel is a horse designed by committee couldn't be more apt. I trust Clowes to do his absolute best to navigate any negotiation and due diligence. I suspect any person who does get to buy his shares will have to meet pretty rigorous background checks - especially if he intends to stay on as chairman. Link to comment Share on other sites More sharing options...
ariotofmyown Posted September 24 Share Posted September 24 1 hour ago, twelveincher said: Messy sounds about right. Getting a bit carried away there. Could he still do it on a wet night in Barrow too? twelveincher 1 Link to comment Share on other sites More sharing options...
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