Another Grim Northern Shithole Match Fred

Sadly though I do believe that Rappo has a point, we may have some of the biggest gates in the league but a lot of this income is being used to buy the club for Brent by paying off the club debt. Has anybody not wondered why we get beaten to our target signings by clubs with crowds of around 3000 like the Rene Howe debacle?

Lord Tisdale wrote:

I do admire Harry P on a purely mercenary level and not because he is screwing the Muff, I believe you could easily be a lot worse off, that's not to say of course that you couldn't be a lot better off, what tickles me is the dichotomy which exists between the factions, he either has to be a candidate for sainthood or the very spawn of Satan himself. Shirley the most likely answer is that he is somewhere between the two.

The widely differing views on Brent are not specific to Argyle. In fact your views on Exeter's Trust owned model couldn't be more anti if you tried. and probably more partisan than the present views on Brent expressed here.

In any event, the polarisation you refer to on here is encouraged in the football industry in general. In fact it is THE reason the very lucrative industry exists and why people bother to turn up and pay so much money. It's tribal by nature, and views on owners etc are bound to follow, when teams wallow in the mire.

As for your comments re dividends on share equity, it is not dividend that football owners have ever really looked for. First target is the surety that their money can be recouped mostly in full should the club go belly up, whereas share equity would be lost. After that, modern owners look to other means to make their dosh, asset stripping being one of them, potential huge uplift by sitting on prime land is another. A crude headline  % dividend routine would never be popular at a football club with the fans, and in any event is small potatoes. These men are lookingg to fry far bigger fish. They don't get out of bed these days just for a dividend.
I personally believe that a refusal to invest more share equity into a limited company football club busts wide open Brent's cover story that he will run the club on self sustaining grounds. If he were that confident of his methodology, he would actually RISK his own money, not just offer more loans. Typical, and par for the course it would seem.

Iggy wrote:

Sadly though I do believe that Rappo has a point, we may have some of the biggest gates in the league but a lot of this income is being used to buy the club for Brent by paying off the club debt. Has anybody not wondered why we get beaten to our target signings by clubs with crowds of around 3000 like the Rene Howe debacle?

There was a figure in the public domain that represented the historical debt. I seem to remember it was in the region of 2-3,000 per home game. Given that we still have the 7th highest average attendance in League 2 (7,127 - 3,000).

No excuses.

Iggy wrote:

Sadly though I do believe that Rappo has a point, we may have some of the biggest gates in the league but a lot of this income is being used to buy the club for Brent by paying off the club debt. Has anybody not wondered why we get beaten to our target signings by clubs with crowds of around 3000 like the Rene Howe debacle?

I have heard from more than one person in recent weeks who were saying that Brent paid all that off sometime ago ?.

Brent out, shut the farm, brents village is village! something to get yer teeth into Mr Mega Bore           

Winter Green wrote:

In fact your views on Exeter's Trust owned model couldn't be more anti if you tried.


As for your comments re dividends on share equity, it is not dividend that football owners have ever really looked for. First target is the surety that their money can be recouped mostly in full should the club go belly up, whereas share equity would be lost.

Uh duh!

I am and have always been pro Trust ownership.

Equity, loans and everything else goes to the weeds if a club goes "belly up", especially when as with you Gargs there are feck all assets to strip.

Nobody invests in football and makes money, plenty rip it it off, especially in the big league, but it is hard to see how even such a sharp cookie as Vincent Tan can extricate himself in pocket, not while so many others are prepared to chuck huge piles of cash at the problem. Mandaric is the role model but that guy could sell an electronic milking machine to an arab with one cow and take the cow as a deposit.

VillageGreen wrote:

Iggy wrote:

Sadly though I do believe that Rappo has a point, we may have some of the biggest gates in the league but a lot of this income is being used to buy the club for Brent by paying off the club debt. Has anybody not wondered why we get beaten to our target signings by clubs with crowds of around 3000 like the Rene Howe debacle?

I have heard from more than one person in recent weeks who were saying that Brent paid all that off sometime ago ?.

Oh dear.

He didn't 'pay it off', he refinanced it.

Lord Tisdale wrote:

Winter Green wrote:

Lord Tisdale wrote:

Mrrapson wrote:

Brent has invested a lot of his own money to balance the books,

Er, no he hasn't.

What is it with you people that so many of you are so naive?

He doesn't invest "his own money" and even if he did use "his own money" it would have to be in the form of a gift to "balance the books", not a loan.

Accountancy obviously not your strong point Tiddles.

I was merely attempting to keep it real for the likes of Rapson who I am informed would struggle to walk and chew gum at the same time, the implication being that equity investment in a footy club like Muff would effectively be a donation as I doubt you have ever legitimately paid a dividend.

I do admire Harry P on a purely mercenary level and not because he is screwing the Muff, I believe you could easily be a lot worse off, that's not to say of course that you couldn't be a lot better off, what tickles me is the dichotomy which exists between the factions, he either has to be a candidate for sainthood or the very spawn of Satan himself. Shirley the most likely answer is that he is somewhere between the two.

If Brent were to try and sell the club, he would no doubt politely request for his loans to be repaid. Or contractually bind the club to pay it back in instalments over a certain number of years.

No doubt with a quivvering lip the entire time.

At the end of the day if Brent has to write off two or three mill. If and when we go into admin. again but manages to get the keys to HHP, Millbay and the Civic Centre then that is still pretty good business.

Iggy wrote:

At the end of the day if Brent has to write off two or three mill. If and when we go into admin. again but manages to get the keys to HHP, Millbay and the Civic Centre then that is still pretty good business.

People like Brent don't "write off two or three mill", he will get the lot.

Lord Tisdale wrote:

VillageGreen wrote:

Iggy wrote:

Sadly though I do believe that Rappo has a point, we may have some of the biggest gates in the league but a lot of this income is being used to buy the club for Brent by paying off the club debt. Has anybody not wondered why we get beaten to our target signings by clubs with crowds of around 3000 like the Rene Howe debacle?

I have heard from more than one person in recent weeks who were saying that Brent paid all that off sometime ago ?.

Oh dear.

He didn't 'pay it off', he refinanced it.

For the sake of others, I often disagree with you Tis but on this occasion I think that your description is a valid one, "he refinanced it". I agree!

I also agree that Brent will not be prepared to write anything off, not one single measly penny. People in such businesses tend to take pride in taking every penny, it's what they do or they lose face in the gentlemen's clubs when comparing wallet size. It may seem alien to most of us but it's the way it is in the evolution of the 80s yuppie.

Lord Tisdale wrote:

People like Brent don't "write off two or three mill", he will get the lot.

I also agree with the above and is why I also believe Todd and Gardner and their cabal haven't written off their £3m either.
This Big bang Executive class are the undoing of the Western capitalist model. They won't get a good press in the history books, that's for sure

Lord Tisdale wrote:

Iggy wrote:

At the end of the day if Brent has to write off two or three mill. If and when we go into admin. again but manages to get the keys to HHP, Millbay and the Civic Centre then that is still pretty good business.

People like Brent don't "write off two or three mill", he will get the lot.

absolutely he will.