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Name your price..

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May 1, 2019, 10:30pm Report to Moderator
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Quoted from malkamalka
Didn't the previous Owners of Gainsborough put in 5 million, and it lasted 4 years??

How much did they advance in footballing terms? Where are they now compared to when those owners arrived/left? Look at Boston?

It's not about how much money you have, it's how you spend it.

I think any potential owner(s) need a minimum of £10 million, even accounting for JF "gifting" some of his loans.

Even assuming you start with a clean sheet, you need enough money to run the club for the first season; enough money to fund new players; enough money to develop/redevelop the stadium. PLUS any guarantees that the EFL require regarding solvency AFTER the first season.

If we can raise £10 million in crowdfunding for a lowly League Two football club, perhaps we should be running the country.

And that chairman you refer to was a certain Mr Swann who spat his dummy out when he couldn't own the ground.

As I understand it Fenty is essentially a guarantor for the overdraft facility ensuring the bank are guaranteed their money and I believe the board have to make up the shortfall should income be lower than budgeted (lower attendances and merchandising). I imagine other than guaranteed prize money, any money received from winning cup games is additional money. It would be financial suicide to budget for a cup run.
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