Money

Just wanted to gather peoples thoughts on this subject…
I’ve been thinking since last season (at risk of sounding jealous) about Stockport’s astronomical spending, that only seems to be increasing.
I just personally feel, that given the financial troubles they’ve had in the past, that their fan base might be a bit more wary of all this money being pumped in. As we know with our friends down the 180, if a chairman has enough, they’ll cut as much funding as possible and likely drag the club down with it.

Like I said, without trying to sound jealous, I’m aware the chairman is a fan, but just thought their fans might be a bit more cautious, as in the long run, if stupid money is getting spent, the chairmen normally want their money back (fan or not) and could send them spiralling into oblivion again.

Isn’t their owner obscenely wealthy and success, and a Stockport fan to boot? Not sure it’s like their situation previously and I’d imagine that whilst they’re spending a lot, they’re trying to build on something and take the club as far as possible…

It’s Wrexham that should be worried…

Iam pretty sure he is not a Stockport fan, however I believe he has converted all the money given to shares so the club owe him nothing. Seems they are very lucky to have him

Stockwood knows him and has openly said he's a good guy but has a different philosophy to him. I would be more worried if I were a Wrexham or Crawley fan.

I don’t know much about the Stockport situation but it does all sound fairly good tbf. Although rather baffling, Wrexham have become another plaything in the more traditional sense.

I get being excited at Scunthorpe a decade or so ago but the Crawley stuff is scary and I think as a fan they should be worried. Crypto, NFTs… it has disaster written all over it.

Always liked Stockport, and Wrexham to be fair, both proper old clubs with a loyal fan base.  As one of the posters inferred above, I’d worry about the future if I were a Wrexham fan, I just don’t see the Hollywood boys being in it for the long haul.

I'm just enjoying what's happening here, with the feeling that not only are we on the up, but that those at the helm are trustworthy and won't be leaving us in a financial mess.

And before they came along, the previous regime always kept us financially stable, even if that was all they achieved.

Fans are at the whim of the owners, so I just hope the other clubs mentioned don't end up in financial straits at some point.

The Crawley lot are talking about taking them to the Premier League, even though they only started with 700 season ticket holders. Seems unsustainable and built on sand to me.

I honestly think the Wrexham issue is pretty low risk. RR has an extremely elevated public profile, and unlike a lot of his peers it's a carefully built brand, seems a genuinely nice guy and he's obscenely rich to boot. I can't see him risking tarnishing that brand for the sake of a few million, leaving a small community high and dry.

Out of all the 'projects' you see they've got really lucky  with their owners I feel.

Quoted from ginnywings

I'm just enjoying what's happening here, with the feeling that not only are we on the up, but that those at the helm are trustworthy and won't be leaving us in a financial mess.

And before they came along, the previous regime always kept us financially stable, even if that was all they achieved.

Fans are at the whim of the owners, so I just hope the other clubs mentioned don't end up in financial straits at some point.

The Crawley lot are talking about taking them to the Premier League, even though they only started with 700 season ticket holders. Seems unsustainable and built on sand to me.

I read a BBC article the other day and Crawley's annual shirt sales are less than our opening day sales of this seasons home shirt!

I’d imagine the question being asked at Wrexham is more about ‘how the intercourse do we get out’ rather than the sustainability, we all mocked and yes, they’ve spunked a lot of cash but Reynolds has not only an elevated status, he’s got a track record of owning successful businesses so whilst I wouldn’t want it for my club, it’s not the worst thing, it’s not a Notts County if a while back etc.

For Wrexham they’ve literally tried every way of getting out and still can’t do it…

Stockport will be fine and whilst it’s probably not the way we’d do it, I think they’ve probably got a similar plan or vision for where they wanna be.

Crawley is an experiment and after the name of the club being dragged through the mud with that racist girl private as manager, it’s probably a breath of fresh air to hear them talked about in different ways. I don’t think it’s an experiment with any legs but it was only s matter of time before crypto balderdash and NFTs became part of football.

Thanks for the replies all, I’ve certainly learned a thing or two.
While their owner is extremely wealthy, that doesn’t mean he may not pull funding (I’m sure he probably wouldn’t) and request all the money he’s put in, back.
In regards to Wrexham, as another poster said, I wouldn’t be too worried as a Wrexham fan, due to the high profile of their owners, they won’t leave them out to dry without proper owners being put in place, and certainly wouldn’t ask for all of the money they put in back if someone wasn’t willing to pay it.
I completely agree RE Crawley though, their owners being wealthy through crypto is an accident waiting to happen. They won’t be in the premier league, and once they realise how hard it is getting a club to the premier league, they will get bored.

From what's been posted I get the impression the owners of Crawley are after the big money in the Premier League and like crypto, are chasing a dream. I feel sorry for their fans as I can see it going belly up in the future.

Although some have posted positive comments about the Wrexham owners I feel that if they haven't moved up the leagues in 2/3 years then they will cut their losses and sell.

I suppose the issue with Wrexham is how long RR will stick with it before getting bored. But if  he does go I doubt he would leave them in the ditch mired with debt. It's not like its a significant amount of money to him and he wouldn't want the bad PR.

If they do up this season they are a big enough club to support EFL football anyway. So no reason it should end up in a Bury or Macclesfield situation.  

Quoted from TheultimateMariner

Thanks for the replies all, I’ve certainly learned a thing or two.
While their owner is extremely wealthy, that doesn’t mean he may not pull funding (I’m sure he probably wouldn’t) and request all the money he’s put in, back.
In regards to Wrexham, as another poster said, I wouldn’t be too worried as a Wrexham fan, due to the high profile of their owners, they won’t leave them out to dry without proper owners being put in place, and certainly wouldn’t ask for all of the money they put in back if someone wasn’t willing to pay it.
I completely agree RE Crawley though, their owners being wealthy through crypto is an accident waiting to happen. They won’t be in the premier league, and once they realise how hard it is getting a club to the premier league, they will get bored.

If the money has been  converted to shares then he can't request it back, its not money owed to him. He can ask for anybody buying the club to match his valuation  of those shares but they have no obligation  to meet it and the club doesn't owe him anything for them, anymore than gtfc owe me anything for the 50 quid of shares I have. He could,as major shareholder, pay himself a dividend from the club if it made money though I suppose.

Also as a shareholder, could town pay a share dividend if they wanted, just asking because my gas bill requires paying.

Quoted from Swansea_Mariner

I honestly think the Wrexham issue is pretty low risk. RR has an extremely elevated public profile, and unlike a lot of his peers it's a carefully built brand, seems a genuinely nice guy and he's obscenely rich to boot. I can't see him risking tarnishing that brand for the sake of a few million, leaving a small community high and dry.

Out of all the 'projects' you see they've got really lucky  with their owners I feel.

Not as lucky as us.

Quoted from Heswall Mariner

Not as lucky as us.

Dead right.

After years of nightmares, I sometime feel as if I went to sleep in late May and am still dreaming. Notts County, Wrexham, Solihull, record season ticket sales, record shirt sales, amazing new signings......

Can't be real all this can it?

Quoted from Gaffer58

Also as a shareholder, could town pay a share dividend if they wanted, just asking because my gas bill requires paying.

Need to make a profit before the board can help with your gas and electric.

Boooo 1878 for investing in improvements.

Quoted from RonMariner

Dead right.

After years of nightmares, I sometime feel as if I went to sleep in late May and am still dreaming. Notts County, Wrexham, Solihull, record season ticket sales, record shirt sales, amazing new signings......

Can't be real all this can it?

Let's hope for a good result in the first game back to keep it going

Quoted from Gaffer58

Also as a shareholder, could town pay a share dividend if they wanted, just asking because my gas bill requires paying.

Fu(k me!! How many shares have you got 😉