Gazolba
Well-Known Member
God forbid a business being profit oriented! What will they think of next?
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Deleted member 5849
Guest
Why is a club a business?
Why should a club have as its motive making money for external investors?
stupot07
Well-Known Member
A club is only allowed to be a business as long as it's not ccfc....
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Senior Vick from Alicante
Well-Known Member
A club by definition is run by and for the benefit of its members. As our owners took away all our shares in my opinion we could hardly be described as a club any more.
While we're on about loaded Irishmen, what about Michael O'Leary, boss of Ryanair? Oh, silly me .............. he would want paying to take it off SISU's hands
Nah, we'd get Michael O'Really boss of Lyinair.
Broken Hearted Sky Blue
Well-Known Member
A club is only allowed to be a business as long as it's not ccfc....
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So presumably you think CCFC is being run as a business? Well everyone to their own.
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Deleted member 5849
Guest
It is, just not a very successful one!
Well, not quite. My auditor friend's comment come accounts time is usually along the lines of 'fuck knows why your club hasn't been wound up, it's fucked'*
*(not the tone of advice he charges for)
Broken Hearted Sky Blue
Well-Known Member
Your friend should post on here about time we had some more honesty on here sick and tired of being the only one
TheParsonsHose
Member
Not a steward, and that's the last of your 20 questions
All I would say is that it comes from a credible source, such that I believe it true.
Just for the record I don't care who your source is. What will be will be.
stupot07
Well-Known Member
Agreed. Football seems to be the only business in the world where you're continually making losses and raking up debt, and everything's smiles and nods and encourages them to spend a bit more. Bonkers.
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Broken Hearted Sky Blue
Well-Known Member
Agreed. Football seems to be the only business in the world where you're continually making losses and raking up debt, and everything's smiles and nods and encourages them to spend a bit more. Bonkers.
Or run that business down to virtually nothing,with very little future and then expect to get more for it than you've put in. Bonkers.
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SkyblueBazza
Well-Known Member
Because there would only be donors...not investors. That's what investors do - invest to hopefully get a handsome return on teir investment.
PUSB
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Deleted member 5849
Guest
That doesn't really answer the question. However, on the subject of what investors do.
- In which case, be content with interest being charged on loans from our present lot.
- In which case, be content with decisions being made for financial profit and short term gain rather than long term stability, and a sense of belonging.
- In which case, accept the club is a business and we have no right to have a say about anything, all we should do is transfer our support to Aston Villa.
- In which case, accept the City of Coventry not having a league club as the failing business is wound up...
As that's what investors do.
stupot07
Well-Known Member
Yes bonkers.
On a side note Leyton Orient have failed to pay their players this month. Isn't their owner supposed to be worth around £500m?
http://www.dailymail.co.uk/sport/fo...ven-t-paid-month-confirms-Fabio-Liverani.html
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kg82
Well-Known Member
Yes bonkers.
On a side note Leyton Orient have failed to pay their players this month. Isn't their owner supposed to be worth around £500m?
http://www.dailymail.co.uk/sport/fo...ven-t-paid-month-confirms-Fabio-Liverani.html
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Heard that yesterday. Didn't they only take over near the end of last season? And like you say, meant to be worth a bit. Don't get that at all? Are they bored of it already?
SkyBlue_Bear83
Well-Known Member
FFP rules clearly working well it seems.
Nonleagueherewecome
Well-Known Member
Yes bonkers.
On a side note Leyton Orient have failed to pay their players this month. Isn't their owner supposed to be worth around £500m?
http://www.dailymail.co.uk/sport/fo...ven-t-paid-month-confirms-Fabio-Liverani.html
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As Mr. Burns might say, "Balderdash, do you think I got be worth £500m by doing things like paying my employees on time?!?"
shmmeee
Well-Known Member
A club is only allowed to be a business as long as it's not ccfc....
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No fan wants to feel they're just customers to be commoditised and talked down to. No fan wants their team to drop like a stone because of lack of funding.
No one said we were a logical and realistic bunch.
Careful, You;ll be branded a FAN.
shmmeee
Well-Known Member
I feel the need to point out that short term profit chasing over long term vision isn't actually good business practice, just what's been encouraged by speculative shareholders.
Real top quality companies (mostly outside the financial sector) invest in the future and grow their business long term.
Problem at the moment is I'm not sure Joy knows if she's a long term owner or a short term flipper as is her style as a hedge fund.
shmmeee
Well-Known Member
I'm only a FAN when it comes to our owners. Id like to think I'm a fan elsewhere.
stupot07
Well-Known Member
Yep, they took over in July 2014. No idea what's going on.
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Deleted member 5849
Guest
Indeed, but we do kind of... accept it. So many owners who shouldn't be near a club, but the competitive, tribal instinct kicks in.
and then there's the assumption that when they promise they're in it for the long haul, they've always had an affinity for the club while drilling an oil well in AN Other State, and it's only for a love for the game that they're here... well they're taken seriously and believed.
It gets scary when the number of owners with good intentions (even if ultimately failing on those intentions - I'm thinking in particular the Simon Jordan time at Palace) in, now, even the top two divisions slashes and slashes.
I'd happily take someone with good intentions who built the club up again, even if league position didn't improve. I'd take us building a club again for that.
In that respect, that was something Ranson/SISU did get right in one of their interviews - at some point the bubble must burst. How it bursts could be scary indeed, it might end up with us only having a top league and very little else as the rest gets wiped away on the tsunami... but we'd be in a lot better position to survive that if we were stable at the time.
And then when it becomes more of a level playing field, the clubs with the foundations will be the ones that do better - you only have to look at our rise for that. Forget the players Robins brought in, he knew he had to focus on rebuilding the ground and setting up a specialist training ground too. We got those foundations right and it served us well.
So we need an owner not to chase the cash, but to remind us of what the essence of a club is... and that might mean some hard decisions and finally accepting if something sounds too good to be true... it probably is.
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Deleted member 5849
Guest
Not just in their industry. Take a look at the likes of IBM, who slash their staff costs because they only make a few $billion profit.
Or Tesco's selling off their assets for that matter.
Short term demand for dividends from, yes, the investors, wins out over long term business sense.
shmmeee
Well-Known Member
Oh no it's not just finance. I could reel of companies in every industry. Compare them to the sorts of companies on Warren Buffetts portfolio though. They're the sort of company we should be emulating (Coke, Walmart, big reliable names that perform over the long term).
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Deleted member 5849
Guest
Not entirely sure Walmart are a company to aspire to!
shmmeee
Well-Known Member
In terms of stock market performance and company stability. Not ethical practice and worker conditions (though a few players would still be over earning on a Walmart wage)
Edit: in hindsight I'm not 100% sure Walmart are a Buffett company.
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Deleted member 5849
Guest
And that's entirely the wrong measurement for a football club.
It's the lack of ethics that helps that. Dance with the devil however...
It would be so much better for our club if we could move away from talk of investment/investors, and returns. As long as they're the rules of discourse...
then SISU have won.
Sky Blue Kid
Well-Known Member
Shooting2win
New Member
I was told by someone in the club that he was offered Director of Football so they didn't have to pay him off but obviously Pressley declined.
SkyBlue_Bear83
Well-Known Member
I think it could have been a good role for him, on match day he has proven himself to be inept but he did have an eye on the long term. I'm not sure what a director of football does exactly but he did a lot of good work integrating the academy into the first team and behind the scenes and he often talked about the Germany model with fan ownership, ticket prices, filling stadiums etc.
I think he likes the day to day role of being a manager (even if he's rubbish at it) and his pride probably would have probably stopped him accepting any such role.