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Post by martinshrew on Feb 3, 2019 21:07:13 GMT 1
I have no idea but are there any real supporters of Shrewsbury Town fc that have the money to take the club forward in the way people want? Not just investors or property developers. I like having our own ground, training ground and money in the bank. I would put in the name of Derek Passant, major shareholder former Director, until he fell out with RW, and MD of the company in Shropshire with the largest turnover....Greenhous Group, annual turnover £1 billion according to the Duedil portal. Question is would RW sell to him? He wouldn't. His ego would get in the way as it has when Greenhous have tried to come on board in the past. Roland is impossible to work with.
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Post by suttonshrew on Feb 3, 2019 21:11:57 GMT 1
I apologise for my lack of knowledge on this subject, I’ve given small amounts of cash to it over the years, but have no idea about the plans of the organisation. Shrewstrust My understanding (and please correct me if I’m at all wrong) was that if the club ever fell on hard times, shrewstrust was there to take over straightaway, and not allow any quick buck, rouge investors to act like vultures. How much money does shrewstrust have in the bank. Are they in a position to buy the club. And what if the chairman drops dead tomorrow, do shrewstrust step in? The trust has the legal structure to run the club but has been dormant for years.
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Post by gainsparkshrew on Feb 3, 2019 21:18:24 GMT 1
Name one succesfull fan owned club ! Just look 40 odd miles down the A49 to Hereford F.C, they appear to be on the point of imploding Hereford are not fan owed. Explain what they are then? They have their "beneyvestors" ...half a dozen shadowy figures who have each chucked in £50k to start the new club, own over 50% of the shares and nominate their own directors. Then there is HUST, the fans Supporters Trust who have nominated directors on the board and own less than 50% of the shares. Therefore I stand corrected, Hereford have a pigs ear of a set up that currently looks as if it will all end in tears !
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Post by Deleted on Feb 3, 2019 21:19:49 GMT 1
Be interesting if he sold so we became a fan owned club like Wrexham. Wonder how many would be happy to go massively in debt to chase promotion if it was their money at stake? Name one succesfull fan owned club ! Just look 40 odd miles down the A49 to Hereford F.C, they appear to be on the point of imploding Depends what you mean by successful, but Exeter and AFC Wimbledon have enjoyed promotions over the years. I think Swansea City supporters trust owns 21% shares in the club. Something I would like to see happen at Salop.
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Post by Deleted on Feb 3, 2019 21:22:52 GMT 1
Why so much displeasure towards the chairman. we have a ground that’s up there with the best in our league, training facilities that others envy and he has financially supported the last 3 managers in transfer windows. not his fault some have chosen some average players. the club is on a good financial footing. Do we want to do a port fail. He listened to the fans who booed Askey for a few weeks and got rid. are we really sure any new owner would invest in the club or just take us into debt by trying to buy a promotion. there will be a time he moves on and when he does the club will be in a solid financial position. i think we all know with the players we have we shouldn’t be in the position we are but it isn’t because of his lack of support to the manager. The ground is bang average, at best....the facilities struggle to manage when we get more than 6000. As stated above the SP are the sole reason our 10yr old ground doesn't look like Blackpool's mess of a ground. The issue is, post RW, what's the plan? We don't have any obvious successors in house.
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Post by Deleted on Feb 3, 2019 21:26:14 GMT 1
Name one succesfull fan owned club ! Just look 40 odd miles down the A49 to Hereford F.C, they appear to be on the point of imploding Depends what you mean by successful, but Exeter and AFC Wimbledon have enjoyed promotions over the years. I think Swansea City supporters trust owns 21% shares in the club. Something I would like to see happen at Salop. We seem fixated on not being Wrex, Chester or Hereford. I would rather see the formula which got Swansea into the PL...1/3 or so of the club is fan owned and they have a fan on the board. That, of course, will never happen at STFC. Fan ownership is probably best used, at league level, as a stop gap between owners (EG Pompey) - would ensure new owners were on the level and provides stability.
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Post by suttonshrew on Feb 3, 2019 21:42:17 GMT 1
The chairman did state at the end of his Christmas speech that he was looking to his succession. I hope he wouldn’t just look to sell us to the first person who comes in with the money but who really knows what he thinks. None of us even remotely know him well enough to predict that.
The trust will never be in a position to run the club but that doesn’t mean fans aren’t prepared to work with others for a stable board if any new owner so wished.
My big worry is what he would value it at to sell. I’d imagine he’d be looking for £8/9m which in my opinion isn’t going to happen
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Post by Deleted on Feb 3, 2019 21:51:42 GMT 1
The chairman did state at the end of his Christmas speech that he was looking to his succession. I hope he wouldn’t just look to sell us to the first person who comes in with the money but who really knows what he thinks. None of us even remotely know him well enough to predict that. The trust will never be in a position to run the club but that doesn’t mean fans aren’t prepared to work with others for a stable board if any new owner so wished. My big worry is what he would value it at to sell. I’d imagine he’d be looking for £8/9m which in my opinion isn’t going to happen The biggest selling point is the land we own. Once the housing development starts the clubs land value will go through the roof.
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Post by horse01 on Feb 3, 2019 21:52:58 GMT 1
The chairman did state at the end of his Christmas speech that he was looking to his succession. I hope he wouldn’t just look to sell us to the first person who comes in with the money but who really knows what he thinks. None of us even remotely know him well enough to predict that. The trust will never be in a position to run the club but that doesn’t mean fans aren’t prepared to work with others for a stable board if any new owner so wished. My big worry is what he would value it at to sell. I’d imagine he’d be looking for £8/9m which in my opinion isn’t going to happen Pretty sure the asking price was around £12m when he almost sold to Passant & Bywater a few years back?? Well that was the initial fee that was agreed, until they came in to sign the paperwork (allegedly?!)
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Post by suttonshrew on Feb 3, 2019 22:05:27 GMT 1
That’s insane money. At the end of the day we are a small league 1 football club, in a small town with limited fan base.
Add to that the only other assets are a piece of land with a football stadium on it which in reality can’t be used for anything else, a piece of land out of town which can’t be built on which has a demountable on it in a green belt area, and a business that in average loses £400-500k a year and why would anyone in their right mind pay anywhere near £12m
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Post by thecyberinsider on Feb 3, 2019 22:14:02 GMT 1
That’s insane money. At the end of the day we are a small league 1 football club, in a small town with limited fan base. Add to that the only other assets are a piece of land with a football stadium on it which in reality can’t be used for anything else, a piece of land out of town which can’t be built on which has a demountable on it in a green belt area, and a business that in average loses £400-500k a year and why would anyone in their right mind pay anywhere near £12m Because they love the club, are long term supporters and can afford it?
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Post by martinshrew on Feb 3, 2019 22:18:00 GMT 1
That’s insane money. At the end of the day we are a small league 1 football club, in a small town with limited fan base. Add to that the only other assets are a piece of land with a football stadium on it which in reality can’t be used for anything else, a piece of land out of town which can’t be built on which has a demountable on it in a green belt area, and a business that in average loses £400-500k a year and why would anyone in their right mind pay anywhere near £12m Because they love the club, are long term supporters and can afford it? Add to that they could have some ambition, increase crowds, thus increase revenue, stabalise us as a mid-table League One side with a view to kick on. Not running the corporate facilities as an ego driven vanity project would also be a positive step. A combination of those could go towards cutting the £400k losses each year.
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Post by venceremos on Feb 3, 2019 23:35:10 GMT 1
That’s insane money. At the end of the day we are a small league 1 football club, in a small town with limited fan base. Add to that the only other assets are a piece of land with a football stadium on it which in reality can’t be used for anything else, a piece of land out of town which can’t be built on which has a demountable on it in a green belt area, and a business that in average loses £400-500k a year and why would anyone in their right mind pay anywhere near £12m Things change. The stadium is in an area expanding rapidly with new housing and new housing is needed. Property developers are skilled in getting favourable planning decisions. The club can’t be worth much but the land surely is, even if it’s land banked for a few years. Uncertain times ahead, with or without Wycherley.
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Post by gainsparkshrew on Feb 4, 2019 5:33:55 GMT 1
That’s insane money. At the end of the day we are a small league 1 football club, in a small town with limited fan base. Add to that the only other assets are a piece of land with a football stadium on it which in reality can’t be used for anything else, a piece of land out of town which can’t be built on which has a demountable on it in a green belt area, and a business that in average loses £400-500k a year and why would anyone in their right mind pay anywhere near £12m Things change. The stadium is in an area expanding rapidly with new housing and new housing is needed. Property developers are skilled in getting favourable planning decisions. The club can’t be worth much but the land surely is, even if it’s land banked for a few years. Uncertain times ahead, with or without Wycherley. Whoa there cowboy !...before people start panicking that whoever Roland sells out to will only be interested in the land because of the new housing, retail and business parks and golf course....hmmm! that does sound attractive ..but thankfully is protected by a covenant
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Post by Deleted on Feb 4, 2019 7:41:20 GMT 1
Things change. The stadium is in an area expanding rapidly with new housing and new housing is needed. Property developers are skilled in getting favourable planning decisions. The club can’t be worth much but the land surely is, even if it’s land banked for a few years. Uncertain times ahead, with or without Wycherley. Whoa there cowboy !...before people start panicking that whoever Roland sells out to will only be interested in the land because of the new housing, retail and business parks and golf course....hmmm! that does sound attractive ..but thankfully is protected by a covenant So was the Gay Meadow and the land where Lidl now sits. As we are seeing all over the country covenants and other planning regulations mean diddly squat in reality once money gets involved! It's never been easier to get permission for large developments as most councils are broke.
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Post by Northwest Shrew on Feb 4, 2019 8:28:49 GMT 1
. The trust will never be in a position to run the club n So the trust has the legal structure to run the club.. but will never be in a position to run the club.. Right .. so what’s the point of the trust..? I’m not having a go at you, or trying to pick holes , just genuinely interested... how much money does the trust have?
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Post by stuttgartershrew on Feb 4, 2019 8:48:05 GMT 1
Whoa there cowboy !...before people start panicking that whoever Roland sells out to will only be interested in the land because of the new housing, retail and business parks and golf course....hmmm! that does sound attractive ..but thankfully is protected by a covenant So was the Gay Meadow. As we are seeing all over the country covenants and other planning regulations mean diddly squat in reality once money gets involved! It's never been easier to get permission for large developments as most councils are broke. Indeed it was. If there is money to be made would it really be that surprising if the club ended up in yet another new stadium at another end of town with the current location redeveloped?
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Post by stuttgartershrew on Feb 4, 2019 8:52:08 GMT 1
The chairman did state at the end of his Christmas speech that he was looking to his succession. Just out of interest and whether anyone knows but does have kids? Are any of them involved with the club or interested in any way?
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Post by davycrockett on Feb 4, 2019 9:06:58 GMT 1
The chairman did state at the end of his Christmas speech that he was looking to his succession. I hope he wouldn’t just look to sell us to the first person who comes in with the money but who really knows what he thinks. None of us even remotely know him well enough to predict that. The trust will never be in a position to run the club but that doesn’t mean fans aren’t prepared to work with others for a stable board if any new owner so wished. My big worry is what he would value it at to sell. I’d imagine he’d be looking for £8/9m which in my opinion isn’t going to happen Can you put up a link to ‘his Christmas speech’ must have missed this, unless it was for the chosen few ?
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Post by davycrockett on Feb 4, 2019 9:22:13 GMT 1
That’s insane money. At the end of the day we are a small league 1 football club, in a small town with limited fan base. Add to that the only other assets are a piece of land with a football stadium on it which in reality can’t be used for anything else, a piece of land out of town which can’t be built on which has a demountable on it in a green belt area, and a business that in average loses £400-500k a year and why would anyone in their right mind pay anywhere near £12m That’s sort of the point. Run properly the facilities at the club should make significant profit to invest in the playing side of the club as per Roland’s vision when he sold the idea of moving out of town to the fans.... Even mentioned it as a way to push on to become a Championship club. Due to the way the accounts are released there’s no clarity if this profit is being realised but from what’s been said it’s more likely the footballing side is supporting the commercial side. Its also the complete failure over many many years to attract further investment and expertees by bringing in further directors to share the decisions and workload... with the greatest respect the situation at the moment is partly due to the small group of decision makers not paying due diligence to the managerial recruitment process....
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Post by thesensationaljt on Feb 4, 2019 9:28:12 GMT 1
The chairman did state at the end of his Christmas speech that he was looking to his succession. Just out of interest and whether anyone knows but does have kids? Are any of them involved with the club or interested in any way?
He does, they aren't.
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Post by Deleted on Feb 4, 2019 10:11:12 GMT 1
Just out of interest and whether anyone knows but does have kids? Are any of them involved with the club or interested in any way?
He does, they aren't.
Talked about this on Sat. It's one of the few occasions a chairman who (Pretty much) has sole ownership of a club has not brought his family onboard...know RW's shares are divided between himself and a holding company so maybe they have something to do with that? If nothing else it would give the appearance of continuity rather than the question marks we currently have.
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Post by DiglisShrew on Feb 4, 2019 10:19:57 GMT 1
The biggest worry in my view is In the event of no purchaser coming forward the chairman seeks to separate the ownership of the stadium from the club and seeking a return in the form of rent the level of which the club would have little control
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Post by davycrockett on Feb 4, 2019 10:30:54 GMT 1
The biggest worry in my view is In the event of no purchaser coming forward the chairman seeks to separate the ownership of the stadium from the club and seeking a return in the form of rent the level of which the club would have little control Can he do that under FA rules?
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Post by DiglisShrew on Feb 4, 2019 10:33:22 GMT 1
I believe that’s the position or was the position with Walsall and it’s owner ?
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Post by davycrockett on Feb 4, 2019 10:35:45 GMT 1
Gulp. Wouldn’t he need this voting trough by other directors / shareholders ?
Appreciate this wouldn’t be too much of a problem but from memory shareholders were asked to agree the the Sundorne Training facility ‘purchase’ and the separation of land around Lidl’s, by the way has this been transfered back to club ownership?
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Post by thesensationaljt on Feb 4, 2019 10:41:08 GMT 1
I believe that’s the position or was the position with Walsall and it’s owner ?
Not sure Walsall are a good example. They owned Fellows Park, but somehow managed to sell it, and finish up paying a "peppercorn rent" lease on the Bescot.
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Post by northwestman on Feb 4, 2019 10:42:00 GMT 1
I would put in the name of Derek Passant, major shareholder former Director, until he fell out with RW, and MD of the company in Shropshire with the largest turnover....Greenhous Group, annual turnover £1 billion according to the Duedil portal. Question is would RW sell to him? He wouldn't. His ego would get in the way as it has when Greenhous have tried to come on board in the past. Roland is impossible to work with. There is a reason why Greenhous are no longer sponsors of the Club.
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Post by DiglisShrew on Feb 4, 2019 10:42:57 GMT 1
I believe that once a buyer : shareholder has acquired 75% of the shares he /she can seek a hostile bid for the remaining 25))% ?
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Post by DiglisShrew on Feb 4, 2019 10:44:34 GMT 1
I believe that’s the position or was the position with Walsall and it’s owner ?
Not sure Walsall are a good example. They owned Fellows Park, but somehow managed to sell it, and finish up paying a "peppercorn rent" lease on the Bescot.
But I believe the owner is now seeking much more than a peppercorn !!
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