The benign debt

Quoted from TheRealJohnLewis

Only the rich get handouts from Tories.

FFS why do you have to drag politics into it ! Also , as a point of interest, the last long term Labour PM , Tony Blair, certainly feathered his nest while in office, quit while the going was good and has amassed quite a sizeable property portfolio whilst still claiming to be some kind of socialist!

Quoted from MuddyWaters

In seasons where we signed journeymen such as Sweeney, Conlon et al - bit like Hooper & Dixon.

The funds might have been badly spent, but that's more on the manager than the board. The board have largely backed managers with as much money as was available. Most managerial appointments made in the last 15 years were appointing the most popular candidate amongst fans for the job. The manager has then been backed with funds to the point where lack of success has caused significant losses.

Yes the board make these decisions and they have often gone badly, so ultimately they are responsible for the failure. But I don't think there's a large contingent of fans that would have done things hugely different in terms of managerial choices.

Quoted from rancido

FFS why do you have to drag politics into it ! Also , as a point of interest, the last long term Labour PM , Tony Blair, certainly feathered his nest while in office, quit while the going was good and has amassed quite a sizeable property portfolio whilst still claiming to be some kind of socialist!

I love the way you act annoyed by my politicisation of a post by using a political argument, to make the post even more political.  All politicians are corrupt whether blue, yellow, red etc. So i couldn't give 2 hoots about Tony Blair the war criminal or him claiming to be a socialist. However original post still stands.

Quoted from rancido

FFS why do you have to drag politics into it ! Also , as a point of interest, the last long term Labour PM , Tony Blair, certainly feathered his nest while in office, quit while the going was good and has amassed quite a sizeable property portfolio whilst still claiming to be some kind of socialist!

I agree that Fenty's loans have little to do with his politics, but this must be the first time anybody has ever accused Blair of being a socialist! He was a centre-right social democrat, nothing more, nothing less.

No indication of him feathering his nest when he was in power but he's certainly stuck his nose into the trough in since then. Just like pretty much every former PM, in fact. Around a third of MPs are landlords, some in a big way, so it's not surprising that no government since Thatcher broke everything has done anything serious in the way of fixing our housing market.

Quoted from pen penfras

The funds might have been badly spent, but that's more on the manager than the board. The board have largely backed managers with as much money as was available. Most managerial appointments made in the last 15 years were appointing the most popular candidate amongst fans for the job. The manager has then been backed with funds to the point where lack of success has caused significant losses.

Yes the board make these decisions and they have often gone badly, so ultimately they are responsible for the failure. But I don't think there's a large contingent of fans that would have done things hugely different in terms of managerial choices.

So The Fishy does run GTFC then! No wonder we get the blame for everything. Wow!

Quoted from TheRealJohnLewis

I love the way you act annoyed by my politicisation of a post by using a political argument, to make the post even more political.  All politicians are corrupt whether blue, yellow, red etc. So i couldn't give 2 hoots about Tony Blair the war criminal or him claiming to be a socialist. However original post still stands.

I was merely trying to balance the  argument for both parties and I did try to qualify it by saying " as a point of interest ". But I still can't see the connection between JF being a Tory councillor and his benign debt.

Because a lot of this financial business is way over my head I do have a question though. If Mr Fenty loaned the club "X" amount, he I assume does not get paid any interest on this figure, so over time due to inflation his money loaned to the. Club in real terms is worth less. So if he had just put his money into a bank he would be better off.

Quoted from Gaffer58

Because a lot of this financial business is way over my head I do have a question though. If Mr Fenty loaned the club "X" amount, he I assume does not get paid any interest on this figure, so over time due to inflation his money loaned to the Club in real terms is worth less. So if he had just put his money into a bank he would be better off.

With the pathetic interest rates lately, then yes he would be slightly better off. That sort of money would more likely be invested and likely to have gone up more than inflation assuming it wasn't badly invested.

Quoted from Gaffer58

Because a lot of this financial business is way over my head I do have a question though. If Mr Fenty loaned the club "X" amount, he I assume does not get paid any interest on this figure, so over time due to inflation his money loaned to the. Club in real terms is worth less. So if he had just put his money into a bank he would be better off.

Correct.

If only he could get shed loads of shares free of charge to make his investment worthwhile...

So what are the shares worth, do they go up and down in value and can they be bought.