Puzzy magnet

[quote user="PurpleCanary"]That Mirror article is total nonsense. It is an established FACT (certified by the CGFPA) that Norwich City is the ONLY club in English football unable to find investment. It is simply impossible that Charlton has not been bought. Therefore the whole story falls down.[/quote] Minor correction to your FACT; Norwich are the only debt-ridden league one club not looking for new owners.

A. Proper. Manager. Almost worth the long, long wait for one...

November 19th 2009 and no sign of ours yet.... Tick, tock.

[quote user="CanaryPurple"][quote user="Puzzy magnet "]What''s the reason why Norwich hasn''t been bought yet then you reckon?[/quote] Puzzy Magnet, a fair question. The full answer would be way too long for a message-board. But briefly, there are various factors with Norwich that are either hard to quantify or unknown. Such as the desire/willingness/desperation/need etc etc etc of the owners to sell. Frankly only they would know if that was a stumbling block. Geography is another such. If we were in London would we attract more interest? Probably. But definitely? However there are three factors that are known quantities, which apply to most clubs - purchase price, debt and running costs. And with Norwich the position is this: 1. Purchase price. The share price (of £30) is an irrelevance without the context of how many shares one has to buy. What matters is the overall price. And with Norwich there is a theoretical low price of £8,025,030, a theoretical high price of £16m, and the actual price in the real world of around £9.8m. Yes, Birmingham shares went for £1, but the overall price was more than £80m. A purchase price of under £10m when Birmingham (with whom we could be sharing a division next season) went for more than eight times that is not a stumbling block for a serious bidder. 2. Debt. We await the latest accounts, but it was more than double the £9.8m purchase price. So it doesn''t take a genius to work out that is much more of a factor. 3. Running costs post-purchase. The most important factor, with Norwich and with most other clubs. As the chairman of West Brom has said, in putting his club up for sale. As Preston have just confirmed as well: "We have once again been heavily reliant on the assistance of our major shareholder, Guild Ventures for continuing financial support. Without this we certainly could not continue to compete with the cost of the squad we have maintained which remains well in excess of our total football income." So, finally, to answer your question, the main reason why Norwich has not been sold is almost certainly that no-one has yet come forward who is willing to provide "continuing financial support". Ie, to keep bankrolling the club indefinitely.[/quote] Nice long answer. The real reason is that the old trout does not want to sell, however. When I say sell, I mean let someone with proper money take over for £0, which is the realistic position to take re the club''s value.

Yes, September 2007.

£30 a share eh?

http://www.canaries.co.uk/page/NewsDetails/0,,10355~1119712,00.html    

What''s the reason why Norwich hasn''t been bought yet then you reckon?

[quote user="Say Hello To The Angels"]I don''t why Sullivan gets so much praise for the job he did at Birmingham. What exactly has he accomplished? They are a yo-yo premiership team with a dwindling support base. Thats all he has managed in 20 years. Better than we''ve done granted, but he is hardly so genius miracle worker! [/quote] Took them from the third div to top flight. In the same period we did the reverse. yeah, don''t know what the fuss is about...at least we get 25k crowds when it''s kids for a quid eh! When we are in admin in league one next year - with a points penalty - sitting in the bottom 4 - maybe people won''t be quite so sniffy. wake up. we. need. money. NOW

Nope. Bumping the share price up was very greedy IMO. You''d almost think she didn''t want to sell...

[quote user="Old Shuck"]Norwich City will, most likely, never make anyone any money.[/quote] On that basis I believe the club should be made available for £0, for anyone that can pay off a bit of the debt and finance some new players for Lambert. To quote Cullum £55m was absurd.

[quote user="Mustachio Furioso"][quote user="Puzzy magnet "] When are people - including Delia and Michael - going to realise that unless your club is Liverpool or Man U, it is basically worthless. It is just a local business that will always lose money but survives due to sentimental reasons. Norwich City is worth £0; Cullum was spot on. [/quote] Liverpool are £350m in debt, Man Utd £600m. [/quote] Yes, but they are worldwide brands that are "worth money". Norwich City is a heavy-loss making local business. If it was a corner shop it would have been closed long ago. Man U turn a profit every year; we don''t.

When are people - including Delia and Michael - going to realise that unless your club is Liverpool or Man U, it is basically worthless. It is just a local business that will always lose money but survives due to sentimental reasons. Norwich City is worth £0; Cullum was spot on.

Yep, I am sure when something is happening you will be the first person Delia calls. No-one is saying a takeover is imminent, just suggesting something is afoot dear boy.

[quote user="tom cavendish"]Perhaps there are talks about a takeover of the club and it will have to be put to an AGM?[/quote] Correct answer.

[quote user="singing canary"] this is what i cant understand . gunn signs askou , holt decided to keep martin sign hughes , keep hold of hoolihan , give dury another crack . and the players i have mentioned have all done very well . fair enough theo was a bad egg but other than that i cant see that lambert is a miracle worker when the ingredients had been put in place before hand . players dont turn rubbish overnight .and the colchester game was the worst game i have seen but people seem to be forgetting before gunn was sacked we went away from home and won 4-0 . to manage to pull players up from the nightmare i saw takes some doing . knee jerk reaction by the board but saying that lambert is the right man for the job. what i saw in pre season i was optimistic anyway . we beat crystal palace away wigan . im not saying gunn was a brilliant manager .i think he was used a a scape goat to be honest .he was left with a big task last season a team full of failling loan players .with no money to spend apart from coddy mcdonald for 25 grand . you have to ask yourself this if lambert took over the team we had last year would he have kept us up . i think that would be a different story to be honest as i think even lambert as good as he is would have struggled to get anything out of players that dont belong to us and did not want to be here . [/quote] Charlton 4 Norwich 2 Norwich 1 Colchester 7 (seven) That tells you all you need to know about Bryan Gunn. A total, and utter, disaster.    

As a manager he is the opposite of Bryan Gunn - and you don''t get much better than that. Why it took us 4 years to find a proper manager I will never know.

[quote user="Camuldonum"] I''m afraid it is message board tripe - the same sort of tripe that regularly appears on this message board and most others. I don''t actually know of anyone who belongs to the Colchester "Vital" board - vital it certainly is not.  If you take the time to look at the postings, the viewing and the number of replies that most threads get I think you will see that. As far as I know we are focussed at the moment on H v Exeter, no doubt as most of you are on your next game.   [/quote] Thanks Cam

They are scared, my friend. And they should be.

Bolton belong in League One. Along with Wigan, Blackburn and Burnley.

Dear oh dear - the day we lose a manager to them is the day i give up. Not a chance in hell, bit silly for you to even post such a notion.

Bit surprised he did not hold out for a Prem club to come in for him - the Hull and Liverpool jobs might be available soon - but good luck to him.

[quote user="norfolkchance1"]Puzzy magnet :"Forgive me if I am wrong; but are we not in the third division? I am not in favour of reckless spending but I still fail to see how we are benefitting from our appraoch? At worst Portsmouth will be in the championship next season. At best, we will be. How are they suffering more than us? Please explain." You say Portsmouth will be at worst a championship team, yes that is true but judging by the way teams struggle after relegation see Reading, Charlton it doesn''t have to be long before you are staring at the trapdoor to League 1. Also look how quick Bradford City dropped through the leagues a few years ago. The scenario you talk about, if we are back in the championship next year with Portsmouth I bet we will be in a more stable situation than them.[/quote] Ok, for the last time...we are a third division club in a "dire" financial situation. This argument that we are somehow better off than Portsmouth or Bolton or whoever is just nonsense. Yes, maybe Pompey will soon go bust and drop down TWO divisions...which if it happens will only then put them on a par with us FFS! Wake up. FAO Delia - I am not a secret agent for Peter Cullum; in case you were wondering.

[quote user="norfolkchance1"]Puzzy Magnet wrote "Yep, winning the FA Cup and being in the Prem would be rubbish." Therefore you would accept living the dream and the five minutes of glory knowing full well we would end up neck deep in it later on. I''m no Delia apologist, I accept big mistakes have been made and I would ultimately like a change of ownership but it needs to be the right person/ people. We are in league 1 because of poor decisions traced back to managerial choices, player choices and results. It is not ideal. Being bought by someone with a big chequebook is Ok providing they realise they are a custodian of the football club and have ultimate concern and responsibility about the welfare of the club. As much as possible this needs to be towards trying to make the club as self sufficient as possible rather than throwing massive money at the problem initially which seems to happen quite a lot and sows problems later down the line. There are many examples of where this has taken place.[/quote] Forgive me if I am wrong; but are we not in the third division? I am not in favour of reckless spending but I still fail to see how we are benefitting from our appraoch? At worst Portsmouth will be in the championship next season. At best, we will be. How are they suffering more than us? Please explain.

"I think we bottled a wonderful opportunity with Cullum and we paid for it with a relegation which has hit income hard and jeapardised the future of the club." Spot on. I laughed when I read the letter by Bowkett in which he said Delia thought he was a secret agent for Cullum at the time of the takeover controversy. Talk about paranoid! Just shows the two of them are as mad as a box of frogs, I''m afraid. And they DO NOT want to sell.