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Post by harboroughshrew on Sept 19, 2023 6:30:49 GMT 1
As the old saying goes 'be careful what you wish for'.
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Post by Pilch on Sept 19, 2023 7:00:05 GMT 1
I don't understand why you have to name the next chairman to be allowed the have the opinion that the current incumbents time is up? Everyone knew Nathan Elder was woeful, but there wasn't a requirement to name the replacement striker to hold that opinion? if that's the way you think it's obvious that you don't understand |
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Post by stuttgartershrew on Sept 19, 2023 8:01:09 GMT 1
I don't understand why you have to name the next chairman to be allowed the have the opinion that the current incumbents time is up? Everyone knew Nathan Elder was woeful, but there wasn't a requirement to name the replacement striker to hold that opinion? I don't think you do. And it's a complete waste of time anyhow as we have no idea who would be interested in getting involved. Seems to me though (from what we heard yesterday) is that after 16 years at the new stadium and what is it, nine years in the 3rd, the height of our ambition appears to be to keep our head above water at this level for as long as possible and for us not to become the next Bury. And they want 24 notes for the privilege. Hardly surprising people think it would be good to see a change. |
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Kiwi
Shropshire County League
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Post by Kiwi on Sept 19, 2023 8:23:04 GMT 1
No I don't think he should go as of this moment. But I don't agree with the direction the club is heading in terms what has been put in place since the end of the last playing season, Happy to be wrong and we turn a corner soon and the team clicks and things work but from what I have seen and heard on face value imo somethings off.
100% be supporting us with pride untill the day I kick the bucket.
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Post by martinshrew on Sept 19, 2023 8:27:16 GMT 1
I don't understand why you have to name the next chairman to be allowed the have the opinion that the current incumbents time is up? Everyone knew Nathan Elder was woeful, but there wasn't a requirement to name the replacement striker to hold that opinion? if that's the way you think it's obvious that you don't understand Enlighten me, what do you understand so we'll that the majority of us apparently don't? |
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Post by martinshrew on Sept 19, 2023 8:30:37 GMT 1
I will reiterate again once more that my wish for RW to vacate our club isn't an on the field thing, it's about 90% to do with off the field.
The ownership is tired, outdated and frankly not fit for football in the 21st century. I respect the job RW did in the early days, but since the move to the new ground we've stagnated terribly and not been remotely close to making the most of the opportunity which is the most disappointing for me. If it wasn't for fan led groups, it would be 10x worse.
Communication is key, our owner couldn't spell it.
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Post by Pilch on Sept 19, 2023 9:42:11 GMT 1
if that's the way you think it's obvious that you don't understand Enlighten me, what do you understand so well that the majority of us apparently don't? the majority probably haven't even opened the thread it's that stupid , I've certainly not bothered voting , 36 fans out of probably 10k+ who watch town during the season , I can see several voters who don't even go to games it's so pathetic it's laughable |
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Deleted
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Post by Deleted on Sept 19, 2023 9:53:20 GMT 1
The scariest thing for me is that it’ll be Roland himself who decides who’ll be our next owner, the man’s a proven appalling judge of character. Exactly. The whole 'I'll only sell the club to the right person' means the right person for Roland, not necessarily what is right for Shrewsbury Town. Colin Poole, Rob Bickerton, Bill Wingrove, Jon Harris, Richard Hill, these are people who've been brought into the club in prominent positions under Roland. And presumably we can add Cotterill & Caldwell to the list of dodgy characters too |
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Post by DiglisShrew on Sept 19, 2023 10:05:10 GMT 1
Enlighten me, what do you understand so well that the majority of us apparently don't? the majority probably haven't even opened the thread it's that stupid , I've certainly not bothered voting , 36 fans out of probably 10k+ who watch town during the season , I can see several voters who don't even go to games it's so pathetic it's laughable So , for example, political Opinion Polls mean nothing unless they involve the whole voting population? |
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Post by barrynic on Sept 19, 2023 10:11:14 GMT 1
Now is the time for Roland to hand over to the Scandinavians....and the Greenhous guys to take us forwards.
The set up we have now will get us relegated.
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Post by Pilch on Sept 19, 2023 10:11:19 GMT 1
the majority probably haven't even opened the thread it's that stupid , I've certainly not bothered voting , 36 fans out of probably 10k+ who watch town during the season , I can see several voters who don't even go to games it's so pathetic it's laughable So , for example, political Opinion Polls mean nothing unless they involve the whole voting population? What did brexit opinion polls suggest |
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Post by DiglisShrew on Sept 19, 2023 10:13:14 GMT 1
So , for example, political Opinion Polls mean nothing unless they involve the whole voting population? What did brexit opinion polls suggest I’m talking about the principle not the outcome |
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Deleted
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Post by Deleted on Sept 19, 2023 12:55:49 GMT 1
Over 50 votes so far and nearly 75% voting yes for RW to go, says a lot really.
I don't think he will sell as I'm still convinced he will bequeath it and allow his family to gain a tax free inheritance when they sell the shares after his death
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Post by martinshrew on Sept 19, 2023 12:58:04 GMT 1
Over 50 votes so far and nearly 75% voting yes for RW to go, says a lot really. I don't think he will sell as I'm still convinced he will bequeath it and allow his family to gain a tax free inheritance when they sell the shares after his death Which completely goes against him being a massive fan, "never taking a wage" and not being in it for the money etc. £200k to £15m+ is a good wage when divided by years spent. |
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Post by Deleted on Sept 19, 2023 13:16:06 GMT 1
Over 50 votes so far and nearly 75% voting yes for RW to go, says a lot really. I don't think he will sell as I'm still convinced he will bequeath it and allow his family to gain a tax free inheritance when they sell the shares after his death Which completely goes against him being a massive fan, "never taking a wage" and not being in it for the money etc. £200k to £15m+ is a good wage when divided by years spent. RW owns 75% of the clubs shares and the club is valued at ©£14 million so his shares would be worth £10.5 million. Still an unbelievable return on a low investment!. Don't know if anyone can tell me,but when RW "sold" the training ground land to the club he took payment in shares after the land had been independently valued.How many shares did he get? |
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Post by DiglisShrew on Sept 19, 2023 13:27:48 GMT 1
Which completely goes against him being a massive fan, "never taking a wage" and not being in it for the money etc. £200k to £15m+ is a good wage when divided by years spent. RW owns 75% of the clubs shares and the club is valued at ©£14 million so his shares would be worth £10.5 million. Still an unbelievable return on a low investment!. Don't know if anyone can tell me,but when RW "sold" the training ground land to the club he took payment in shares after the land had been independently valued.How many shares did he get? I stand to be corrected but I suspect that he will have been issued previously unallocated shares @ £2.50 each (there are thousands of unissued shares available to be issued to new investors should the club want to attract it ?) . Confirmation will be buried in the club accounts somewhere . The new issue will have consolidated and increased his percentage share holding ensuring the continuation of his effective one man control. It did , however, mean that the club did not have to spend its cash . |
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Deleted
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Post by Deleted on Sept 19, 2023 14:45:49 GMT 1
RW owns 75% of the clubs shares and the club is valued at ©£14 million so his shares would be worth £10.5 million. Still an unbelievable return on a low investment!. Don't know if anyone can tell me,but when RW "sold" the training ground land to the club he took payment in shares after the land had been independently valued.How many shares did he get? I stand to be corrected but I suspect that he will have been issued previously unallocated shares @ £2.50 each (there are thousands of unissued shares available to be issued to new investors should the club want to attract it ?) . Confirmation will be buried in the club accounts somewhere . The new issue will have consolidated and increased his percentage share holding ensuring the continuation of his effective one man control. It did , however, mean that the club did not have to spend its cash . Thanks for your reply.What I'm trying to establish,for my own curiosity more than anything else, is when did RW shareholding increase from 55% or so up to 75%. I recall him owning the lower amount ten years ago, interested to see how and when he got the remainder My understanding is that should he sell his 75% he would expect to get each share valued at value of the company (£14 million) divided by number of shares issued (1 million) therefore each share would be worth £14 against the £2.50 per share he paid. If Im correct in my assumption that's one hell of a profit for absolutely no work |
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Post by Pilch on Sept 19, 2023 15:47:27 GMT 1
I don't understand why you have to name the next chairman to be allowed the have the opinion that the current incumbents time is up? Everyone knew Nathan Elder was woeful, but there wasn't a requirement to name the replacement striker to hold that opinion? we replaced Nathan Elder with as some put it , a wow signing, excellent none other than Jamie Cureton blueandamber.proboards.com/thread/64319/cureton-finally-confimred |
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Post by martinshrew on Sept 19, 2023 15:58:28 GMT 1
I don't understand why you have to name the next chairman to be allowed the have the opinion that the current incumbents time is up? Everyone knew Nathan Elder was woeful, but there wasn't a requirement to name the replacement striker to hold that opinion? we replaced Nathan Elder with as some put it , a wow signing, excellent none other than Jamie Cureton blueandamber.proboards.com/thread/64319/cureton-finally-confimredWe're the only club he barely scored at 🤢 |
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Post by Pilch on Sept 19, 2023 16:00:04 GMT 1
We're the only club he barely scored at 🤢 I blame Roland for him not scoring |
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Post by staffordshrew on Sept 19, 2023 16:03:05 GMT 1
I stand to be corrected but I suspect that he will have been issued previously unallocated shares @ £2.50 each (there are thousands of unissued shares available to be issued to new investors should the club want to attract it ?) . Confirmation will be buried in the club accounts somewhere . The new issue will have consolidated and increased his percentage share holding ensuring the continuation of his effective one man control. It did , however, mean that the club did not have to spend its cash . Thanks for your reply.What I'm trying to establish,for my own curiosity more than anything else, is when did RW shareholding increase from 55% or so up to 75%. I recall him owning the lower amount ten years ago, interested to see how and when he got the remainder My understanding is that should he sell his 75% he would expect to get each share valued at value of the company (£14 million) divided by number of shares issued (1 million) therefore each share would be worth £14 against the £2.50 per share he paid. If Im correct in my assumption that's one hell of a profit for absolutely no work Did RW take on club debts whe he took over? |
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Post by akpaakpost on Sept 19, 2023 16:16:13 GMT 1
I stand to be corrected but I suspect that he will have been issued previously unallocated shares @ £2.50 each (there are thousands of unissued shares available to be issued to new investors should the club want to attract it ?) . Confirmation will be buried in the club accounts somewhere . The new issue will have consolidated and increased his percentage share holding ensuring the continuation of his effective one man control. It did , however, mean that the club did not have to spend its cash . Thanks for your reply.What I'm trying to establish,for my own curiosity more than anything else, is when did RW shareholding increase from 55% or so up to 75%. I recall him owning the lower amount ten years ago, interested to see how and when he got the remainder My understanding is that should he sell his 75% he would expect to get each share valued at value of the company (£14 million) divided by number of shares issued (1 million) therefore each share would be worth £14 against the £2.50 per share he paid. If Im correct in my assumption that's one hell of a profit for absolutely no work Does this mean that if RW was to sell the club, the valuation would be in the range of £14 million? |
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Deleted
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Post by Deleted on Sept 19, 2023 16:51:43 GMT 1
Thanks for your reply.What I'm trying to establish,for my own curiosity more than anything else, is when did RW shareholding increase from 55% or so up to 75%. I recall him owning the lower amount ten years ago, interested to see how and when he got the remainder My understanding is that should he sell his 75% he would expect to get each share valued at value of the company (£14 million) divided by number of shares issued (1 million) therefore each share would be worth £14 against the £2.50 per share he paid. If Im correct in my assumption that's one hell of a profit for absolutely no work Does this mean that if RW was to sell the club, the valuation would be in the range of £14 million? The nett asset value of the club according to the last accounts is just short of £14 million (i.e what we own and what other companies owe us minus what we owe other people) I've used that figure as a very loose way of gauging the value of the business for the sake of discussion only.Im sure that those who have an accountancy background will be able to provide a more realistic figure |
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Deleted
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Post by Deleted on Sept 19, 2023 17:02:30 GMT 1
Thanks for your reply.What I'm trying to establish,for my own curiosity more than anything else, is when did RW shareholding increase from 55% or so up to 75%. I recall him owning the lower amount ten years ago, interested to see how and when he got the remainder My understanding is that should he sell his 75% he would expect to get each share valued at value of the company (£14 million) divided by number of shares issued (1 million) therefore each share would be worth £14 against the £2.50 per share he paid. If Im correct in my assumption that's one hell of a profit for absolutely no work Did RW take on club debts whe he took over? He didn't take on the debts himself as the debts lay with the business for which he has become chairman. What I do remember of that time was a story that came out that he had to attend an immediate meeting with the bank.RW assumed that it was just to complete the financial necessities, signature on cheques etc, he was aware that we had a large overdraft. At the meeting the bank manager advised him that he had a week to reduce the debt otherwise the bank where going to foreclose on the club and we would be bankrupt.Hence his earliest remembered actions where selling Throb to Wrexham and Ian Stevens to Carlisle,but loaning him back until the end of the season and a month or two later sacking Fred Davies and bringing in a series of austerity measures |
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Post by Pilch on Sept 19, 2023 17:11:11 GMT 1
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Post by DiglisShrew on Sept 19, 2023 17:12:33 GMT 1
I stand to be corrected but I suspect that he will have been issued previously unallocated shares @ £2.50 each (there are thousands of unissued shares available to be issued to new investors should the club want to attract it ?) . Confirmation will be buried in the club accounts somewhere . The new issue will have consolidated and increased his percentage share holding ensuring the continuation of his effective one man control. It did , however, mean that the club did not have to spend its cash . Thanks for your reply.What I'm trying to establish,for my own curiosity more than anything else, is when did RW shareholding increase from 55% or so up to 75%. I recall him owning the lower amount ten years ago, interested to see how and when he got the remainder My understanding is that should he sell his 75% he would expect to get each share valued at value of the company (£14 million) divided by number of shares issued (1 million) therefore each share would be worth £14 against the £2.50 per share he paid. If Im correct in my assumption that's one hell of a profit for absolutely no work I believe his 75% majority shareholding would be worth more than 75 / 100 of the net value of the assets as that 75% gives him control. Shares are not usually valued on a straight line basis in private companies. |
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Deleted
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Post by Deleted on Sept 19, 2023 17:24:03 GMT 1
Hi. I'm interested to understand a little more of what you have stated as I'm not an accountant but I do find it interesting.
Based on the last accounts what would you value the business at?
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Post by DiglisShrew on Sept 19, 2023 17:30:39 GMT 1
Hi. I'm interested to understand a little more of what you have stated as I'm not an accountant but I do find it interesting. Based on the last accounts what would you value the business at? Sorry , I’m no accountant- just au fait with the basics although even then wouldn’t say I can be relied on 100% |
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Post by shrewswolf on Sept 19, 2023 17:33:24 GMT 1
OK. So in your opinion now is not the time for Roland to go. Fair enough. For the sake of interesting debate, do you agree that given his age, there does have to be a time he sells up? If not, what would your plan be? Let his family run it eventually, let them pick a successor? If you do think there will come a time he has to sell, who and what type of person do you want him to sell to? More importantly, when exactly is the right time from your point of view? For me it feels like it’s very much a thank you Roland moment. No protest. Just thank you Roland, please accept it’s time for another sensible businessman to take the reigns, let’s see if someone else can generate a bit more income to make the budget Cotterill desired actually sustainable. |
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Post by Pilch on Sept 19, 2023 17:40:47 GMT 1
OK. So in your opinion now is not the time for Roland to go. Fair enough. For the sake of interesting debate, do you agree that given his age, there does have to be a time he sells up? If not, what would your plan be? Let his family run it eventually, let them pick a successor? If you do think there will come a time he has to sell, who and what type of person do you want him to sell to? Actually intrigued. Forgot the Cotterill stuff. Just plain and simple, when IS the time? And WHO is the ideal replacement? For me it feels like it’s very much a thank you Roland moment. No protest. Just thank you Roland, please accept it’s time for another sensible businessman to take the reins, let’s see if someone else can generate a bit more income to make the budget Cotterill desired actually sustainable. mate for the last time, I believe the club is up for sale and has been for years, until a buyer comes along this whole debate is totally irrelevant and pointless and if this happens, the club can move in one of 2 ways, not just up as it seems a lot of the shouters seem to think maybe the buyers need to up their game, they are not getting any younger either |
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