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nutty nigel

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Everything posted by nutty nigel

  1. It only makes sense when you consider why GMF posted on this thread
  2. No doubt you know far more than me about this GMF. I still dont think 2009 was as close as 1996. We may have been even closer in 2007 when the parachute payments ran out but we were kept afloat by loans from D&M. Michael Foulger and the Turners. So we now have D&M, Michael Foulger, the Turners and Alan Bowkett as saviours. Last but not least, unless I'm wrong the 'securitisation' from AXA was based on future season ticket sales, so take a bow The Fans and Michael Foulger again.
  3. You can include me in any 'they' you like Teemu. The reason why this whole thing started was because on a thread I posted that 1996 was the "nearest I'd known us to be to administration". Some 'theys' (I won't include you, I don't think you are one) took exception and made claims about 2009. I have never waived my opinion, and still don't, that the closest I have ever known us be to administration is 1996.
  4. I guess the justification is in the sales. If there was no demand they'd scrap it. When all three are out if there's one I really like I'll buy it. Some years there isn't one. Never do I buy more than one.
  5. Josh and Jacob have been awesome for us. Proper role models for youngsters coming into the game. They were here for over 10 years and have always been grateful for what our club did for them. They both were sold for over 10m so our club also did very well out of them. The whole story is a great example of how promoting youth can be a real success for player and club. Jacob was a guest at one of our forums in 2016 where he told us their mum still looked after their money and gave them each an allowance. So hopefully they're still well grounded since they've been split up and moved on. They were so supportive of each other all the time they were here. Having said all of that I'm not sure about any return. It would be a shame if it all went wrong and soured what is pretty much a perfect story.
  6. I think just concentrating on one part of a series of events clouds the whole picture. As I remember it ... We were relegated on the Saturday. Maybe the Sunday? Bowkett and Bertram's letter hit the press on the Monday Doncaster and Munby resigned a week later. There was immediately a joint statement from Delia and the two Michaels saying there would be further changes to the board. A month later David McNally was appointed as chief executive. 10 days later Bowkett and Philips were announced completing their radical restructuring of the boardroom. Now all those events were connected. Relegation was the catalyst for that. Whether Doncaster and Munby went as a result of the letter or as a result of the relegation is as far as I know unknown. What is known is that at some point between relegation and the beginning of July Bowkett changed his mind about wanting the job. The timings suggest that the appointment of McNally was the catalyst for that. Bowkett certainly saw that as an "outstanding contribution when asked in the October. The comments Bowkett made in that October interview were interesting because they were prior to the restructuring of the debts. I think the restructuring of the debts was announced three months after that interview. Events happen and are connected. I guess we can isolate any one of these and claim it to have staved off administration. But for me they all happened from within. How close to the edge were we? Certainly not close enough to lose control of the situation as happened in 1996. I'm a bit of a geek for following boardroom events. I think the seed was sown at my first AGM which was actually an EGM at St Andrew's Hall in 1987. (That was a colourful night for sure) But I find it fascinating to watch how our club continually has to adapt to the various changes that are not in it's control. So far the present owners have managed to steer us through. Whether that be relegations or itv digital collapse or the growing disparity between the divisions. Then just as we are back on track again Covid hits. I wonder if we'll come out the other side of this basically unscathed while other clubs don't. Or will we finally be beaten. Would octogenarian owners be up for yet another restructure if we are? It's never dull...
  7. Maybe if I post the entire webchat with Alan Bowkett things may look a bit clearer. I think it's impossible to say what would have happened if something else happened and what would have happened if something else hadn't happened. However it does seem to me that we had the wherewithall inside the club to do what we did and that wasn't the case in 1996. Sports Desk Pete: Welcome to the live webchat with Norwich City chairman Alan Bowkett. We have some questions already sent in for Mr Bowkett to answer but you can put your own question to the Norwich City chairman in the text box at the bottom of this screen. Tuesday October 27, 2009 12:08 Sports Desk Pete 12:20 Sports Desk Pete: Apologies for the delay, almost ready. Tuesday October 27, 2009 12:20 Sports Desk Pete 12:26 Sports Desk Pete: Mr Bowkett, as part owners of the hotel how much income do the club get from the hotel? As income I mean from people using the hotel and nothing else like being tax deductible etc. Mr Brian Burrell. A season ticket holder for far too long Tuesday October 27, 2009 12:26 Sports Desk Pete 12:29 Alan Bowkett: Afternoon Mr Burrell - we own 30% of the hotel business and we have sub contracted part of the business to a third party. I think in the current environment the hotel is doing quite well and any income stream the hotel receives we will benefit from. We also have a good trading relationship with the hotel which means that when we have conferences we sell hotel beds and equally the hotel can sell our conference facilities as well. Tuesday October 27, 2009 12:29 Alan Bowkett 12:29 Sports Desk Pete: Are you personally going to contribute any finance/investment to NCFC? Mello Yello Tuesday October 27, 2009 12:29 Sports Desk Pete 12:30 Alan Bowkett: I am sorry Mello that I am not going to be anyone's fairy godmother but if there is one out there I am certainly going to find him or her. In the meantime, we are going to manage this business professionally, which has meant that we have had to take some very difficult decisions and I am sure over the coming years we will have to take a few more. Tuesday October 27, 2009 12:30 Alan Bowkett 12:31 Sports Desk Pete: What is your vision for NCFC over the next 5-10 years. And what benchmarks have you established to measure progress? Good short term progress so far. Well done, Chairman. BlyBlyBabes an exceedingly minor shareholder Tuesday October 27, 2009 12:31 Sports Desk Pete 12:38 Alan Bowkett: We have immediate goals and then a medium-term plan which is in the embryonic stage at present. Our immediate goals are to gain promotion and remain solvent with a view of achieving promotion this year. David McNally has put forward a business model that means that we can be self-funding in the Championship and in League One in the short term. However, and I make these comments very markedly, we should not underestimate the financial position the Club is in and the Board is working extremely hard to ensure that all available monies are targeted towards football and not other commercial interests around the Club. Once we are in the Championship we are confident that we can conslidate our position both financially and in football performance within our own means. However, if we are to make a sustained bid for a position in the Premiership we clearly will need an injection of new funds. This may mean new ownership - something I know the current owners are fully aligned to. However, this is in the medium term and I must emphasise our key objective at the moment is to return to the Championship. Tuesday October 27, 2009 12:38 Alan Bowkett 12:39 Sports Desk Pete: With the encouraging start to Paul Lambert's reign as our boss, what are the board doing to back him fully with the finance required to convert his good start into a concerted attempt for automatic promotion? Will any future transfer budget depend on current players being sold in January, or will he be backed now to bring in the players he wants from Swindon and Exeter? Let's hope as a club we all now want the same. Paul Tuesday October 27, 2009 12:39 Sports Desk Pete 12:44 [Comment From GMFGMF: ] In light of your reply to BlyBlyBabes, is Administration on the horizon? Tuesday October 27, 2009 12:44 GMF 12:44 Alan Bowkett: I agree Paul Lambert has had an encouraging start to the current season and as I said in a previous response all our efforts are committed to providing funds for Paul to ensure we achieve promotion this year. We have no plans to sell any players in January. However, if Paul and his staff do decide to move any players on, any funds generated will be reinvested in the Club. I do need to make the point that Paul, David and I will only make sensible bids for players and we will not be carried away by "deal fever". I feel too often in the past that prospective vendors have seen Norwich knocking on the door and have inflated prices accordingly. We will pay a fair price and nothing more. Moreover, one of the attractions of asking Paul to join our Club was his experience in achieving value for money in acquiring players. Tuesday October 27, 2009 12:44 Alan Bowkett 12:49 Alan Bowkett: In reply to GMF - Clearly, apart from 4 or 5 clubs in the whole Football League, finance remains the critical challenge. Fortunately, we have the support of our long-term lenders and we are working with them to ensure administration is as far away from Norwich as we can possibly make it. We have meritorious business plans that are self-funding and can take this Club forward. Naturally, as I have said before, in the medium-term we need to look at all aspects of funding which could include new equity injection, change of ownership and a public offering of new shares or bonds. None of these can be ruled out. Tuesday October 27, 2009 12:49 Alan Bowkett 12:49 [Comment From TimTim: ] Alan, you mentioned that you'll be searching high and low for investment as and when it is appropriate for the football club - do you believe NCFC has burnt its bridges with Peter Cullum as a potential investor/new owner? Tuesday October 27, 2009 12:49 Tim 12:51 Alan Bowkett: In answer to Tim's question - I am willing to take phone calls from any bona-fide new investor or potential new owner, including Peter, and, apart from excluding the innumerable lap-dancing club owners that would like to own a bauble of a football club this week, I am willing to arrange meetings as well. Tuesday October 27, 2009 12:51 Alan Bowkett 12:52 Sports Desk Pete: From Don Coop: I think all will agree its great to see so many NCFC young prospects playing in [...]the first team. Are we, giving our finanacial situation, going to have to rely on them more from now on in, and do you think this is a good thing or not? Tuesday October 27, 2009 12:52 Sports Desk Pete 12:55 Alan Bowkett: Afternoon Don - We are all delighted to see the success of so many Academy graduates and long may it continue. However, I know Paul is concerned because of a very long season and we are making substantial physical demands on young men. We have to balance their development, our needs and the availability of new external talent coming into the Club. Fortunately, in Paul and his team, we have the people who can do this but I would like to go on record and say how delighted I am with the performance of our graduates. As for relying on them I support Paul's motto - I"f you are good enough, you're old enough" and our Academy graduates are in the team because of their ability, nothing else. Tuesday October 27, 2009 12:55 Alan Bowkett 12:55 [Comment From B-ruB-ru: ] Much was made about the amount of compensation dut to Colchester when Paul Lambert and his management team arrived. At what stage of negotiations are the two clubs at? and will it be likely to go to be sorted out soon? Tuesday October 27, 2009 12:55 B-ru 12:59 Alan Bowkett: In reply toB-ru - We are still in negotiations with Colchester as regards compensation and in fact I had a meeting with the Chairman of Colchester last week. Sadly, we are still substantially apart but I am hopeful an amicable resolution will be made eventually. Tuesday October 27, 2009 12:59 Alan Bowkett 1:00 Sports Desk Pete: From Richard: What difference do you think you can make to our club? Tuesday October 27, 2009 1:00 Sports Desk Pete 1:06 Alan Bowkett: In reply to Richard - My personal skills set is transforming diffiicult companies and these are the talents I am attempting to bring to NCFC. In Paul and David we have outstanding leaders in their field and my task is to bring the best out of them and ensure that we have the financial resources to support them. I feel in the past that we may not have been as focussed on football as we should have been and, moreover, I think we may have been viewed as a soft touch by other clubs and agents. While remaining fair and balanced we will be quite ruthless in our pursuit for success for Norwich.. We have made and will continue to make the tough decisions that need to be made in the best interests of the football club. I am confident now that we have a Board that can do that. Tuesday October 27, 2009 1:06 Alan Bowkett 1:07 Sports Desk Pete: You publically challenged how Smith & Jones were running the club back in May. Apart from their obvious love of the club, what have you seen to change your opinion? Can u sit down please Tuesday October 27, 2009 1:07 Sports Desk Pete 1:13 Alan Bowkett: Can u sit down please - I must correct you, I publicly challenged how Neil Doncaster was running the Club. As for Delia and the two Michaels, I think their outstanding contribution has been the appointment of David McNally as Chief Executive - a consummate businessman who has a decade of football experience at the highest level. Paul, David and I are now running the Football Club with the complete support of the substantial shareholders. When we have had to take very difficult decisions, all our substantial shareholders have been demanding in their questioning of our proposals, as I would wish any non-executive director to be and then they have been some of the most supportive non-executive directors I have ever worked with and I can assure you I have worked with a lot. Let's not forget, I did not seek this job and it was Delia and Michael that realised some fundamental changes had to occur and they spent considerable time persuading me to undertake the task. Tuesday October 27, 2009 1:13 Alan Bowkett 1:13 [Comment From PaulPaul: ] Good afternoon, Alan. You've now been in the job few months, is it what you expected it would be? Have there been any surprises? Tuesday October 27, 2009 1:13 Paul 1:16 Alan Bowkett: Afternoon Paul - I think the main surprise is that I am not enjoying my football as I used to. Previously I used to be able to sit in the stands with my son, have a good moan and groan, a drink afterwards and the go home and forget about it all. Now, if things don't go as we planned, I feel it is my fault and I pester my dogs until I can work out what we need to do next. Fortunately, as I live on a farm, I can walk forever with our three dogs and not have the neighbours complain about them barking as I hear may be the situation in Suffolk. Tuesday October 27, 2009 1:16 Alan Bowkett 1:16 Sports Desk Pete: Is Keith Harris still employed by the club? If so, any news? Did his work ever yield any interested parties? Lewis Tuesday October 27, 2009 1:16 Sports Desk Pete 1:19 Alan Bowkett: Afternoon Lewis - Keith is still giving advice to the Club and in fact I met him 3 or 4 weeks ago. He has a remit to find new investment and/or possible new owners but to date I am sad to report this has been fruitless. All the key financial advisors in the City of London who have football experience, and that includes Rothschilds and Deloittes, as well as Seymour Pearce, are aware that we are seeking to restructure the balance sheet. Tuesday October 27, 2009 1:19 Alan Bowkett 1:19 Sports Desk Pete: What are your thoughts on the prospect of our FA Cup first round tie away to Paulton Rovers next weekend? Darrell Allen Tuesday October 27, 2009 1:19 Sports Desk Pete 1:23 Alan Bowkett: Hello Darrell - I am delighted to announce that our game against Paulton Rovers in the FA Cup first round will be held at Paulton's home ground, Winterfield Road, Paulton near Bristol at 12.45 pm on Saturday, 7 November. This will be a live game on ITV which clearly will be a huge financial bonus for both clubs. Over and above all that, as a great believer in the FA Cup, I think this represents what cup ties are all about. I know Paul and his team will take this game very seriously, as they do every game. I wish Paulton Rovers the best of luck, but not on 7 November! Tuesday October 27, 2009 1:23 Alan Bowkett 1:24 [Comment From don from hethersettdon from hethersett: ] Hi Alan - If you were granted 3 wishes what would they be - 2 wishes for NCFC and I for yourself? Tuesday October 27, 2009 1:24 don from hethersett 1:26 Alan Bowkett: Hello Don - Petr Cech, Fernando Torres and for myself, automatic promotion this year! Tuesday October 27, 2009 1:26 Alan Bowkett 1:27 Sports Desk Pete: Assuming Paul Lambert does well, how does the chairman envisage the club keeping him here if other clubs are interested in him? Norfolkchance1 Tuesday October 27, 2009 1:27 Sports Desk Pete 1:29 Alan Bowkett: Paul Lambert will do well and I am convinced he will be a manager in the Premiership. It is my job to ensure that it is with Norwich City. We must ensure that we do no lose a second Martin O'Neill. I know Paul is delighted with the reception he has received in Norfolk, but above all the support from the fans, both home and away. Long may that continue. Tuesday October 27, 2009 1:29 Alan Bowkett 1:35 Alan Bowkett: In closing, thank you everyone for all your questions. I am sorry that I have not been able to answer them all but Ihave tried to pick them out according to theme. We can arrange another session later in the season. In addition, myself and other directors will be taking part in webchats on Canaries.co.uk as part of our new policy of consulting with our supporters. I am looking forward to Saturday's game. Thank you for all your support and let's remember, despite all our different views, the one thing that is universal to us all is that we love Norwich City. Tuesday October 27, 2009 1:35 Alan Bowkett 1:36
  8. What I genuinely think is what I genuinely post. As for your question. It is what it is. All I ever hear is the current owners wouldn't be here if this happened or if the other hadn't happened. If McNally hadn't happened. If Bowkett hadn't happened. If Webber hadn't happened, if Maddison hadn't happened. They must be the only club owners in history anywhere in the world who are judged on if something hadn't happened or if something else had happened. Ultimately they should be judged what actually has happened during their stewardship.
  9. It's not mutually exclusive. I agree But I'm not hearing much about 1996 or 1957. What I am hearing is that in 2009 the club found the wherewithall within to restructure. In 1996 that wasn't the case. This is what Barry Lockwood had to say - "One of the biggest problems in sorting out the finances was that there were so many people running around professing to represent Norwich City that our name was dragged around every lending institution in London." "One local company had four different approaches. All said they were acting for Norwich City, but all were acting in their own interests and it made our lives doubly difficult. Another big figure from that time, Gordon Bennett, said - "The bank was going potty. We'd sold Ashley Ward and John Newsome for 2.5m and that had hardly brought us a months grace." "Probably the only reason the club is still in existence is the fact that Mr Watling bought those shares and put up seven-figure guarantees at the bank." I'd say that was a close thing. No doubt others will say differently.
  10. Hope so How we travel to games and how we socialise before and after games will also need consideration.
  11. Their bread's alright for toasting I guess..
  12. Hence why I found it impossible to make decisions in advance.
  13. So Bowkett took this financial nous with him. Something that was sadly lacking on the board at that time even though he was on the board at that time. Was that nous all he took? (I looked it up and it means financial common sense). Was there no need for Delia's hambag or if things turned nasty her rolling pin? So how was it Martin Armstrong and Gordon Bennett didn't have any of this nous so had to take Watling's wallet? Why didn't all those other clubs take a bit of financial common sense to stave off administration?
  14. It's just tough Kingo. I really want to go back but actually making some sort of decision is really tough. Not just for what's best for me but also for others I come in contact with. I haven't been living as a hermit and manage to get out and about most days. But I avoid crowds. I live in sheltered housing and although it's independent living if I'm careless it could affect others who live there.
  15. It's the old weather house effect that Delia & MWJ are hidden for the decisions that work out but out in plain view and all over the ones that don't. I guess having appointed four managers that got us promoted from the champs they must get something right. But was it them? I also find it interesting that after John Bond in 1973 there were only the so-called 'little Norwich appointments' until 1998 and Bruce Rioch. Since 1998 there have been another 4 appointments with no previous connection to us.
  16. So at the end of July all of us in the blankets got a letter with a short questionnaire about safely returning to Carrow Road. It's when you are faced with the choice you realise it's too difficult to make. So I emailed to say how I feel now maybe totally different in a months time and totally different a month after that. I reckon our club will be in a no win situation over this.
  17. I didn't say anything about Liverpool Kenny. Your point about the championship is interesting. Would you say our club showed more ambition than you did? Don't get me wrong. I'm not trying to suggest that wanting richer owners is wrong. I'm just questioning whether it's ambition? I suppose people can be ambitious for other people and their money. The more usual emotion is jealousy though.
  18. But that's not really ambition to succeed is it? Basically it's the club with the richest owner wins. A bit like having an "life ambition" to win the lottery. Isn't it more ambitious to want to succeed from your own efforts?
  19. No Wonga then? How come Martin Armstrong had to take Watling's wallet with him. Perhaps he had no nous. Bet all these other clubs that went into administration wish they'd got hold of this magic nous.... Do you have any to spare?
  20. Thanks Beth. I could never have explained that. Probably because it makes perfect sense
  21. As long we can still watch all the games on the wireless everything will be ok. We love you Dr Dublin
  22. I think Max is much stronger than Jamal and they're both younger than Byram. They will both be physically stronger as they get older. It's the old argument about zonal marking I guess. Man to man would see us choosing who goes up against these players. Zonal I guess the attacking team can target weaker players. @Bethnal Yellow and Green could explain why that is better than me but interestingly teams still prefer zonal.
  23. Byram made a big difference defending set plays where Lewis was often targeted. Jamal still has plenty of time to improve that part of his game.
  24. Fraser Forster and Angus Gunn both excellent loan players who kept goal for a season. Farhmann could have been another but ultimately we didn't need him.
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