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Everton & Ipswich
Posted by Sam on 1/5/2024, 4:04:25
So 777 have chucked in yet more cash to temporarily prop up a business venture they don't own whilst one they do own goes pop.
That great news for Everton must be comforting to the staff and creditors of the airline and must surely confirm to the EPL that 777 are indeed fit & proper.
I took a quick look at Ipswich as they appear on the verge of promotion. The new backers are another bunch of US money men & reportedly worth £10b+, so not quite the fantastic achievement we were led to believe.
How have we the people allowed the complete shower of shit that run football to create such as a farce to our national game?
Re: Everton & Ipswich
Posted by Squirrel on 1/5/2024, 6:36:41, in reply to "Everton & Ipswich"
Sure they will splash the cash next season but they have 'only' spent around £5m over past 2 seasons. Decent loans though which will be costing. Not quite our story but impressive no the less & proper club with decent fans
yes absolutely, they have done it with the nucleus of the squad that got them promoted. Hats off to them for that. But you feel that the money men may now be flexing their muscles in the PL - assuming they don't do a monumental cock up as they're still not mathematically promoted yet. But anyone who beats Leeds to promotion gets a hat doffed in my book - except perhaps Everton.
Posted by Cuba on 1/5/2024, 6:32:21, in reply to "Everton & Ipswich"
To be fair I having been making this point about Ipswich for months.
The one consolation for us is if we do go down they won’t be in the same transfer market (incoming/) as we will be. But I will bet anyone a small charity wager that they try and sign one of two from us.
Likewise if it’s between Southampton and Leeds in the play off final, whoever loses will still be cash rich enough to target more costly players, hopefully helping up.
There was a player at Wimbledon (Ali Al-Hamadi), who Mick and team had scouted numerous times and I believe we offered on in January.
Ipswich blew us out of the water in terms of salary.
So it ain’t no Luton Town fairytale, Ipswich are just an east coast Wrexham.
Not begrudging their fans success, but the investment aspect rather changes things.
After all your rants over the last few months about how the club should have done this, should have done that. Why is this the first time you've mentioned him?
It’s not actually the first time. However I have only learned this detail fairly recently and it’s a useful insight to the challenges of transfers in January.
But we did know in early January that it wasn’t going to happen, around same time the Abbey story broke.
Will be no reply. Just as he didn't reply yesterday after making a right cunt of himself with that long winded post about the club not building a new ground. For a man that is so opinionated, he rarely answers questions to his posts. His ego doesn't allow it.
Ipswich sound like a financial rule breaker in the making tbh
Re: Everton & Ipswich
Posted by Warnes Right Hand on 1/5/2024, 7:11:15, in reply to "Re: Everton & Ipswich"
Ipswich were purchased by a company called ORG who manage funds for an american pension fund. Essentially they considered Ipswich as undervalued with large growth potential. Under their stewardship you have got to say they have done a good job. The Ipswich CEO was on price of football and explained how the reporting and decisions were made. Seemed to be pretty sensible. Get football people in football jobs and finance people in finamce jobs and dont be stupid.
good summary; I understand that the amounts involved are a small part of that fund. I asked a couple of people at the club why on earth anyone would bother investing in a League 1 club and the answer was diversity- US more and more involved in English football, "undervalue"- Ipswich identified as a possible future money spinner and as above the amounts not big in the context of the fund
Yes generally run sensible but they still threw amassive amount of cash at a league 1 club. They must have made good decisions, appointed the right people like you say, but it's football so down to luck too. A few years of having to sustain a Championship club would have been a cash drain.
As it is they have already managed to sell a minority stake at a healthy profit and no doubt will make even more by selling some or all of the rest of a PL club at an even higher price. So it's worked out incredibly well for them, but you've got to wonder what's in it for their next owners. The only mid- to low- end PL clubs are following a player trading model. At the moment there doesn't seem enough profit in the rest to get a return on a multiple hundreds of million investment. And much worse if they go back to the Championship.
They also have some high quality loans and as we have seen with other clubs once they loans end there is a significant rebuilding job required.
If we are to do well next season (if we go down) securing the best loans in August has to be a priority, our profile as a club I think help persuade clubs that we continue to be suitable home.
Jayden Danns as an example.
Re: Everton & Ipswich
Posted by Warnes Right Hand on 1/5/2024, 8:06:02, in reply to "Re: Everton & Ipswich"
Good point about what happens next. Issue you have is potentially FSG route at Liverpool where stadium holds 60 thousand summat and only 25000 ish season tickets. All the rest sold at big premium.
Yes unfortunately I can see that as being a way football could go. TV revenues seem to be stagnating and player costs still going up, so the owners are going to want to extract more money from their 'customers'.
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