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Post by mattmw on May 17, 2024 9:23:45 GMT 1
For a rumours thread this is well short of any decent rumours. Which in itself suggests we're maybe in for a pretty quiet summer both on and off the pitch.
Looking back on the clubs history since it became a league club in the 50's the ownership and leadership of the club has always been very locally based, and generally when one Chairman steps down the role has been taken on by another director whose been on the board for a while. Very much evolution rather than revolution
I think whats quite sad is that despite the last 10 years being a pretty successful and stable time for the club in league one, the lack of local businessmen and women getting involved in the club as they did in the past seems to have declined, and where once we might have had 3-4 directors willing and able to take over when the Chairman steps down thats not the case now. We can and have speculated on why thats the case, but one way or the other it looks unlikely that the next owner/chairman of the club is going to be a local person with a long association with the club. The old way of working is no more
To me it seems there are four possible new ways forward
1. The new owner is a rich individual(s) looking to invest in a lower league club to promote and expand their brand in the UK 2. A consortium of like minded individuals (likely from abroad) who want to get involved in the English football league for their entertainment and hopefully progression of the club up the leagues 3. A fan/community based ownership model is progressed which would see the club transfered to a new model of ownership, but this would be unlikely to generate a significant sale price for the owner - more a charitable donation of the asset to a properly constituated group that would protect its future 4. No new ownership emerges and without investment the existing owners have to continue to bank role the club until their own resources can no longer do so, or the budget is reduced significantly to save money.
At the moment there seems little sign that the first 3 options have much weight behind them, and all indications are its option 4 we are most likely looking at for the next 12-18 months at least
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Post by hectord0g137 on May 17, 2024 9:34:25 GMT 1
Thanks matt. Reassuring that๐
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Post by Pilch on May 17, 2024 9:40:46 GMT 1
For a rumours thread this is well short of any decent rumours. Which in itself suggests we're maybe in for a pretty quiet summer both on and off the pitch. Looking back on the clubs history since it became a league club in the 50's the ownership and leadership of the club has always been very locally based, and generally when one Chairman steps down the role has been taken on by another director whose been on the board for a while. Very much evolution rather than revolution I think whats quite sad is that despite the last 10 years being a pretty successful and stable time for the club in league one, the lack of local businessmen and women getting involved in the club as they did in the past seems to have declined, and where once we might have had 3-4 directors willing and able to take over when the Chairman steps down thats not the case now. We can and have speculated on why thats the case, but one way or the other it looks unlikely that the next owner/chairman of the club is going to be a local person with a long association with the club. The old way of working is no more To me it seems there are four possible new ways forward 1. The new owner is a rich individual(s) looking to invest in a lower league club to promote and expand their brand in the UK 2. A consortium of like minded individuals (likely from abroad) who want to get involved in the English football league for their entertainment and hopefully progression of the club up the leagues 3. A fan/community based ownership model is progressed which would see the club transfered to a new model of ownership, but this would be unlikely to generate a significant sale price for the owner - more a charitable donation of the asset to a properly constituated group that would protect its future 4. No new ownership emerges and without investment the existing owners have to continue to bank role the club until their own resources can no longer do so, or the budget is reduced significantly to save money. At the moment there seems little sign that the first 3 options have much weight behind them, and all indications are its option 4 we are most likely looking at for the next 12-18 months at least exactly this , as a fan none of us can make options 1-3 happen by shouting and crying about it , we'd all like billionaire to appear out of the blue and have money to burn but until that happens option 4 it is , it's been a steady option for 28 years with many improvements and there is no choice apart from take it or leave it , I'll take it , thanks
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Post by ProudSalopian on May 17, 2024 9:46:39 GMT 1
4. No new ownership emerges and without investment the existing owners have to continue to bank role the club until their own resources can no longer do so, or the budget is reduced significantly to save money. At the moment there seems little sign that the first 3 options have much weight behind them, and all indications are its option 4 we are most likely looking at for the next 12-18 months at least Good post Matt and you are right that this is looking the most likely option which frankly is terrifying as Roland will (understandably) be looking to do things as cheaply as possibly. Basically we are in survival mode until Roland can get us new investment.
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Post by Pilch on May 17, 2024 9:55:22 GMT 1
4. No new ownership emerges and without investment the existing owners have to continue to bank role the club until their own resources can no longer do so, or the budget is reduced significantly to save money. At the moment there seems little sign that the first 3 options have much weight behind them, and all indications are its option 4 we are most likely looking at for the next 12-18 months at least Good post Matt and you are right that this is looking the most likely option which frankly is terrifying as Roland will (understandably) be looking to do things as cheaply as possibly. Basically we are in survival mode until Roland can get us new investment. The chairman has put in ยฃ2m recently to keep the club afloat and there are still no genuine buyers , I would imagine from now he won't be putting any more of his own money in but will start taking out loans It will be like having a new owner ๐
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Post by suttonshrew on May 17, 2024 10:00:26 GMT 1
thats a worry Pilch though isn't it, from outside it looks like we are struggling to get the figure the chairman feels its worth, loans added to that will increase the value he wants for the club even more, as the loans will need to be serviced. Making a takeover even more unlikely.
Id say the fact we aren't burdened with debt is our main appeal
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Post by ProudSalopian on May 17, 2024 10:14:33 GMT 1
Good post Matt and you are right that this is looking the most likely option which frankly is terrifying as Roland will (understandably) be looking to do things as cheaply as possibly. Basically we are in survival mode until Roland can get us new investment. The chairman has put in ยฃ2m recently to keep the club afloat and there are still no genuine buyers , I would imagine from now he won't be putting any more of his own money in but will start taking out loans Another way of looking at is is Roland has loaned the club ยฃ2million because the alternative is the club goes bankrupt and his shares become worthless. I've got no doubt that Roland has taken the action because he is a supporter and doesn't want to see the club struggle, but lets not pretend that it's not in his interest to make sure the club continues But you are right, Roland won't want to keep bankrolling us (and I wouldn't expect him to) so as I said, until that investment comes, we are in limbo.
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Post by belfastshrew on May 17, 2024 10:15:36 GMT 1
We have plenty of assets too. And a one team town. I think there are plenty of plus points. If we were in non-league like wrexham we would have likely been bought out by now because of the potential.
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Post by Pilch on May 17, 2024 10:45:50 GMT 1
thats a worry Pilch though isn't it, from outside it looks like we are struggling to get the figure the chairman feels its worth, loans added to that will increase the value he wants for the club even more, as the loans will need to be serviced. Making a takeover even more unlikely. Id say the fact we aren't burdened with debt is our main appeal a fair price is enough to ward off asset strippers , because they are not going to pay ยฃ10m to only get ยฃ10m worth of club
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Post by GrizzlyShrew on May 17, 2024 10:52:10 GMT 1
All the recent posts are quite worrying. Roland is in his early 80s now, let's just hope he has a good few years left on this earth as the alternative doesnt bear thinking about for what it might mean for the club. Hopefully Roland has made provisions for this scenario.
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Post by Pilch on May 17, 2024 11:04:42 GMT 1
All the recent posts are quite worrying. Roland is in his early 80s now, let's just hope he has a good few years left on this earth as the alternative doesnt bear thinking about for what it might mean for the club. Hopefully Roland has made provisions for this scenario. its is, and we are one of if possibly the last EFL club to to be entering the world of borrowed debt just to compete then again, this is likely what most new owners would be doing anyway so who can moan
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Post by Exkeeper on May 17, 2024 11:18:43 GMT 1
For a rumours thread this is well short of any decent rumours. Which in itself suggests we're maybe in for a pretty quiet summer both on and off the pitch. Looking back on the clubs history since it became a league club in the 50's the ownership and leadership of the club has always been very locally based, and generally when one Chairman steps down the role has been taken on by another director whose been on the board for a while. Very much evolution rather than revolution I think whats quite sad is that despite the last 10 years being a pretty successful and stable time for the club in league one, the lack of local businessmen and women getting involved in the club as they did in the past seems to have declined, and where once we might have had 3-4 directors willing and able to take over when the Chairman steps down thats not the case now. We can and have speculated on why thats the case, but one way or the other it looks unlikely that the next owner/chairman of the club is going to be a local person with a long association with the club. The old way of working is no more To me it seems there are four possible new ways forward 1. The new owner is a rich individual(s) looking to invest in a lower league club to promote and expand their brand in the UK 2. A consortium of like minded individuals (likely from abroad) who want to get involved in the English football league for their entertainment and hopefully progression of the club up the leagues 3. A fan/community based ownership model is progressed which would see the club transfered to a new model of ownership, but this would be unlikely to generate a significant sale price for the owner - more a charitable donation of the asset to a properly constituated group that would protect its future 4. No new ownership emerges and without investment the existing owners have to continue to bank role the club until their own resources can no longer do so, or the budget is reduced significantly to save money. At the moment there seems little sign that the first 3 options have much weight behind them, and all indications are its option 4 we are most likely looking at for the next 12-18 months at least exactly this , as a fan none of us can make options 1-3 happen by shouting and crying about it , we'd all like billionaire to appear out of the blue and have money to burn but until that happens option 4 it is , it's been a steady option for 28 years with many improvements and there is no choice apart from take it or leave it , I'll take it , thanks Easy to say when you are not one of those putting their own money in. Even if some of it is in the form of loans - would you loan someone a hefty sum of money if you had no idea when you were likely to get it back?
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Post by Pilch on May 17, 2024 16:26:07 GMT 1
exactly this , as a fan none of us can make options 1-3 happen by shouting and crying about it , we'd all like billionaire to appear out of the blue and have money to burn but until that happens option 4 it is , it's been a steady option for 28 years with many improvements and there is no choice apart from take it or leave it , I'll take it , thanks Easy to say when you are not one of those putting their own money in. Even if some of it is in the form of loans - would you loan someone a hefty sum of money if you had no idea when you were likely to get it back? When a chairman puts his own money in I think he knows the likely outcome is he won't see it again ,
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Post by DiglisShrew on May 17, 2024 16:44:41 GMT 1
Easy to say when you are not one of those putting their own money in. Even if some of it is in the form of loans - would you loan someone a hefty sum of money if you had no idea when you were likely to get it back? When a chairman puts his own money in I think he knows the likely outcome is he won't see it again , He would if any sale loan / sale agreement is contingent on those loans being repaid in full ๐ค
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Post by ThrobsBlackHat on May 17, 2024 17:03:34 GMT 1
Good post Matt and you are right that this is looking the most likely option which frankly is terrifying as Roland will (understandably) be looking to do things as cheaply as possibly. Basically we are in survival mode until Roland can get us new investment. The chairman has put in ยฃ2m recently to keep the club afloat and there are still no genuine buyers , I would imagine from now he won't be putting any more of his own money in but will start taking out loans It will be like having a new owner ๐
Has that money changed his shareholding therefore he gets it back when he sells?
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Post by ThrobsBlackHat on May 17, 2024 17:05:08 GMT 1
Easy to say when you are not one of those putting their own money in. Even if some of it is in the form of loans - would you loan someone a hefty sum of money if you had no idea when you were likely to get it back? When a chairman puts his own money in I think he knows the likely outcome is he won't see it again ,
If he gets his way he will sell the club and make ยฃ10 million or more which is the value of the land at Gay Meadow that was bequeathed for the benefit of the people of Shrewsbury being flipped into the private benefit of the Wycherly family.
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Post by Pilch on May 17, 2024 17:08:57 GMT 1
When a chairman puts his own money in I think he knows the likely outcome is he won't see it again ,
If he gets his way he will sell the club and make ยฃ10 million or more which is the value of the land at Gay Meadow that was bequeathed for the benefit of the people of Shrewsbury being flipped into the private benefit of the Wycherly family.
If he stays another 10 years and ends up owing ยฃ10m will we have a whip round ?
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Post by dibblydobbly on May 17, 2024 17:17:25 GMT 1
The chairman has put in ยฃ2m recently to keep the club afloat and there are still no genuine buyers , I would imagine from now he won't be putting any more of his own money in but will start taking out loans It will be like having a new owner ๐
Has that money changed his shareholding therefore he gets it back when he sells?
No new share issues at Companies House, no.
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Post by dibblydobbly on May 17, 2024 17:21:36 GMT 1
exactly this , as a fan none of us can make options 1-3 happen by shouting and crying about it , we'd all like billionaire to appear out of the blue and have money to burn but until that happens option 4 it is , it's been a steady option for 28 years with many improvements and there is no choice apart from take it or leave it , I'll take it , thanks Easy to say when you are not one of those putting their own money in. Even if some of it is in the form of loans - would you loan someone a hefty sum of money if you had no idea when you were likely to get it back? To keep a 137 year old institution running for the sake of all the fans, all those who went before, and those still to come? (Depends what is "hefty"), but yes, it may be something some of us would want to do.
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Post by armchairfan on May 17, 2024 17:34:05 GMT 1
For a rumours thread this is well short of any decent rumours. Which in itself suggests we're maybe in for a pretty quiet summer both on and off the pitch. Looking back on the clubs history since it became a league club in the 50's the ownership and leadership of the club has always been very locally based, and generally when one Chairman steps down the role has been taken on by another director whose been on the board for a while. Very much evolution rather than revolution I think whats quite sad is that despite the last 10 years being a pretty successful and stable time for the club in league one, the lack of local businessmen and women getting involved in the club as they did in the past seems to have declined, and where once we might have had 3-4 directors willing and able to take over when the Chairman steps down thats not the case now. We can and have speculated on why thats the case, but one way or the other it looks unlikely that the next owner/chairman of the club is going to be a local person with a long association with the club. The old way of working is no more To me it seems there are four possible new ways forward 1. The new owner is a rich individual(s) looking to invest in a lower league club to promote and expand their brand in the UK 2. A consortium of like minded individuals (likely from abroad) who want to get involved in the English football league for their entertainment and hopefully progression of the club up the leagues 3. A fan/community based ownership model is progressed which would see the club transfered to a new model of ownership, but this would be unlikely to generate a significant sale price for the owner - more a charitable donation of the asset to a properly constituated group that would protect its future 4. No new ownership emerges and without investment the existing owners have to continue to bank role the club until their own resources can no longer do so, or the budget is reduced significantly to save money. At the moment there seems little sign that the first 3 options have much weight behind them, and all indications are its option 4 we are most likely looking at for the next 12-18 months at least Given your opinion that 1 - 3 have little weight behind them ( I genuinely cannot offer an opinion) we are left with No.4, but that fails to point out the inevitable consequence - the end of Shrewsbury Town F.C. at least in the EFL. AM I the only person who sees that as a distinct possibility unless something is done? Sorry for sounding negative, but it's only my opinion, so carries little weight itself.
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Post by staffordshrew on May 17, 2024 18:10:30 GMT 1
For a rumours thread this is well short of any decent rumours. Which in itself suggests we're maybe in for a pretty quiet summer both on and off the pitch. Looking back on the clubs history since it became a league club in the 50's the ownership and leadership of the club has always been very locally based, and generally when one Chairman steps down the role has been taken on by another director whose been on the board for a while. Very much evolution rather than revolution I think whats quite sad is that despite the last 10 years being a pretty successful and stable time for the club in league one, the lack of local businessmen and women getting involved in the club as they did in the past seems to have declined, and where once we might have had 3-4 directors willing and able to take over when the Chairman steps down thats not the case now. We can and have speculated on why thats the case, but one way or the other it looks unlikely that the next owner/chairman of the club is going to be a local person with a long association with the club. The old way of working is no more To me it seems there are four possible new ways forward 1. The new owner is a rich individual(s) looking to invest in a lower league club to promote and expand their brand in the UK 2. A consortium of like minded individuals (likely from abroad) who want to get involved in the English football league for their entertainment and hopefully progression of the club up the leagues 3. A fan/community based ownership model is progressed which would see the club transfered to a new model of ownership, but this would be unlikely to generate a significant sale price for the owner - more a charitable donation of the asset to a properly constituated group that would protect its future 4. No new ownership emerges and without investment the existing owners have to continue to bank role the club until their own resources can no longer do so, or the budget is reduced significantly to save money. At the moment there seems little sign that the first 3 options have much weight behind them, and all indications are its option 4 we are most likely looking at for the next 12-18 months at least Given your opinion that 1 - 3 have little weight behind them ( I genuinely cannot offer an opinion) we are left with No.4, but that fails to point out the inevitable consequence - the end of Shrewsbury Town F.C. at least in the EFL. AM I the only person who sees that as a distinct possibility unless something is done? Sorry for sounding negative, but it's only my opinion, so carries little weight itself. That's what Liam, MM and PH are in place to prevent. It's their job to make STFC sustainable, and, maybe, saleable. We won't be slipping down the EFL without a fight.
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Post by darkshrew on May 17, 2024 18:14:46 GMT 1
Has that money changed his shareholding therefore he gets it back when he sells?
No new share issues at Companies House, no. He has not gifted the money to the club - he has loaned it and so will get it back in line with the terms of the loan (so long as the club do not go bankrupt). Very similar to shares in that regard; just without the hassle of issuing new shares.
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Post by staffordshrew on May 17, 2024 18:33:13 GMT 1
No new share issues at Companies House, no. He has not gifted the money to the club - he has loaned it and so will get it back in line with the terms of the loan (so long as the club do not go bankrupt). Very similar to shares in that regard; just without the hassle of issuing new shares. Over at Wrexham the owners charge 8% interest on the loan. We'll never know the arrangement here, but I doubt Roland is ripping us off. Though as mentioned above, keeping the club stable protects the club and Roland's assets, no choice really but to lend the money. Not a great scenario when owners are backed into a corner where they can't really say no to loaning the club monery.
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Post by Pilch on May 17, 2024 18:34:40 GMT 1
He has not gifted the money to the club - he has loaned it and so will get it back in line with the terms of the loan (so long as the club do not go bankrupt). Very similar to shares in that regard; just without the hassle of issuing new shares. Over at Wrexham the owners charge 8% interest on the loan. We'll never knoew the arrangement here, but I doubt Roland is ripping us off. Though as mentioned above, keeping the club stable protects the club and Roland's assets, no choice really but to lend the money. Not a great scenario when owners are backed into a corner where they can't really say no to loaning the club monery. we do know the agreement, its zero % interest
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Post by Red Rose In Exile on May 17, 2024 18:42:00 GMT 1
Fleetwood Macs best album ๐ ๐
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Post by staffordshrew on May 17, 2024 18:42:28 GMT 1
Over at Wrexham the owners charge 8% interest on the loan. We'll never knoew the arrangement here, but I doubt Roland is ripping us off. Though as mentioned above, keeping the club stable protects the club and Roland's assets, no choice really but to lend the money. Not a great scenario when owners are backed into a corner where they can't really say no to loaning the club monery. we do know the agreement, its zero % interest In other words he loses the use of that money, any interest or dividends it might have earned and it's purchasing power will go down with inflation. 0%, that's generous, RW won't be appearing on the Sunday Times rich list anytime soon...
Good job he has something far more valuable than money, he's Chairman of a damn fine football club.
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Post by dibblydobbly on May 17, 2024 21:27:54 GMT 1
Fleetwood Macs best album ๐ ๐ At the risk of being branded a heretic - is there such a thing,? Least worst maybe, but best implies somthing decent
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Post by belfastshrew on May 17, 2024 21:56:31 GMT 1
I smell heresy...call an inquisition
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Post by staffordshrew on May 17, 2024 21:58:48 GMT 1
Fleetwood Macs best album ๐ ๐ At the risk of being branded a heretic - is there such a thing,? Least worst maybe, but best implies somthing decent You're a heretic.
What audio delights tickle your auditory hair cells? The Smurfs Go Pop! I'd wager, or a little something from the Spice Girls to spice up your cochlea?
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Post by tarporleyblue on May 17, 2024 22:16:40 GMT 1
Fleetwood Macs best album ๐ ๐ 40 million copies sold to date. A classic ๐
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