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Chris Hargreaves

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November 25, 2019, 4:28pm
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Quoted from rancido
I don't think all that is necessarily the case but I think he does need to pay a decent amount for a good manager. Balancing the books, at this level of football, is always going to be difficult but I think that money spent on a decent manager is the way forward. A good manager can get the best out of of his squad, even if some of them are mediocre. A good, expensive player is ok but the expression "how can I soar like an Eagle when I'm surrounded by Turkeys" springs to mind. Hopefully, if the takeover goes through, we will have a new owner who can have a totally different approach to the way forward.


Don't think many will disagree that a good manager is worth what he costs - the rewards for success in football are large. But can JF recognize one?
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KingstonMariner
November 25, 2019, 5:02pm
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Quoted from golfer
At the moment the club is worth minus £2million. If a new buyer comes in he will have to pay £2million for aclub worth minus £2million. When the club get the money they will pay off the debt to JSF so the club is worth nothing with no debt. So the new buyer ends up paying £2million for nothing. The club needs new players etc so the new owner lends the club  £2million as a benign loan. The club is now £2million in debt and the new owner has laid out £4million for the privilege . There must be a lot of prospective owners out there-surely we can get one


On paper the club is minus c £1m. £1.6m owed to JSF and the ground is worth an estimated £700k if I remember correctly, though that valuation was a few years ago. Don’t think there is much significant debt other than Fenty’s loan. We might even have more cash than other debts.

So maybe £3m to buyout.

Currently trading profitably, so not such a grim prospect. C£2-300k each of the last 3 years. Be a decade before you could recoup the £3m in its entirety, but as long as you can service the debt that’s not a tall order.


Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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