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wirralcanary

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  1. The problem is that the club will not draw 35k/match because you don''t have the facility for it and the club is deeply in debt.  As far as Mr. Fernandes, I doubt he is your pigeon as he''s a bit too smart to take a pile of cash, place petrol on it and light a match to it.  What you''re saying is that you want a donation by some rich guy who''d like to piss away his money purely for your entertainment.  Kinda like the emerors used to do in Rome??  You''d also like that donor to deficit spend and gig deep into his pocket to fund losses..Uh Huh?? Well, if that''s what the fans want as well as the board, good luck to you.  I guess I should have realized that management and supporters weren''t serious about righting things.  You want to locate a total sap.   Best,   Joe
  2. Not really in agreement with investment capitalistswanting to see wage and salary bubble.  Investment capitalists want to see organic growth in turnover first, costs and margin control second and annual increases in cash flow thirdly.  Most investors I speak with today do not anticipate any increase in exit multiple (EBITDA) and understand that money is made through value creation, i.e. cash flow resources generated in the club.  Having a benevolent investor who own a small club and feels the pressure to invest heavily in players by the club''s supporters are doing a diservice to the game.  In my analyses, the only clubs that really have a chance to succeed long-term in the Premiership in the coming years are clubs that have large facilities, large catchment areas and solid support.  Given the circumstances that NCFC are in with facilities and catchment area, they probably best fit into the CCC.  Over-investing in players just to get a short stint in the EPL does not make sense.  Leeds will once again be a powerful long term player in the EPL due to the criteria above.  Not an insult to your club but resources vs. opportunities....that''s management in its purest form.  Wednesday is another club which will eventually be a long term player in the EPL along with Newcastle.  Big clubs...etc. The benevolent investors need to get out of the way as their pockets are no longer deep enough and their screwing up the game trying to keep up.   Regardless, good points in your post as I agree that caps should be in place on wages/turnover to save the game.  Please see my posts on bigsoccer.com.  I have advocated this previously. Regards,   Joe
  3. Your comment is naive to say the least.  Investors who place money in sports clubs are value investors looking for cash flow to REINVEST in the club, not withdraw it.  If your looking for a so called benevolent benefactor, you''ll be looking till hades freezes over.  Also, ask your bank which holds over 23 million quid on whether they believe football is a business.  I am VERY sure they would agree with me.   Finally, your xenophobic rants are not even worth commenting on.  I''ll let those just stand their for others to marvel at.   Joe
  4. [quote user="morty"][quote user="wirralcanary"][quote user="morty"][quote user="wirralcanary"][quote user="morty"]Yeah, whatever.[/quote] Morty, Cat got your tongue?? Do you agree or disagree? I just want clarification from you so I can place all your minds at ease and make you understand that Chairman Mac acted like a boob on the BBC.[/quote]He is our Chief Executive, and it would appear a very shrewd one.You are a middle man trying to make a fast buck and he told you to go talk to Deloitte.Then you made a complete arse of yourself on a fan''s forum, do you REALLY expect to be taken seriously?[/quote] Morty, I''m attempting to have an unemotional and logical debate with you but you seem unable to accomplish this. Your continued personal attacks on me using parroted phrases from Chairman Mac are not very grown up. I really don''t care what they call him...chairman, chief cook and bottle washer or travel agent for the club. Your ability to simply ignore chairman Macs behavior demonstrates that you are just a sheep not worthy of any grown up discourse. Best, Joe[/quote]Your opinion. I''m fine with how he dealt with you.If I was in his position my opinion would be pretty much the same.I understand you''re trying to make money out of our club, we have already payed Deloitte a great deal of money, and you were trying to circumvent a process we had already put in place.And now you''re whining endlessly about it, when frankly, we couldn''t care less.[/quote] I''ll take that as confirmation that you can''t have an adult discussion and that you have a large overarching brow and don''t walk upright. The club doesn''t pay me, my clients do. If you can''t understand this then it''s worthless responding to you. Do you like your bananas green or ripe?? Joe
  5. [quote user="morty"][quote user="wirralcanary"][quote user="morty"]Yeah, whatever.[/quote] Morty, Cat got your tongue?? Do you agree or disagree? I just want clarification from you so I can place all your minds at ease and make you understand that Chairman Mac acted like a boob on the BBC.[/quote]He is our Chief Executive, and it would appear a very shrewd one.You are a middle man trying to make a fast buck and he told you to go talk to Deloitte.Then you made a complete arse of yourself on a fan''s forum, do you REALLY expect to be taken seriously?[/quote] Morty, I''m attempting to have an unemotional and logical debate with you but you seem unable to accomplish this. Your continued personal attacks on me using parroted phrases from Chairman Mac are not very grown up. I really don''t care what they call him...chairman, chief cook and bottle washer or travel agent for the club. Your ability to simply ignore chairman Macs behavior demonstrates that you are just a sheep not worthy of any grown up discourse. Best, Joe
  6. [quote user="morty"]Yeah, whatever.[/quote] Morty, Cat got your tongue?? Do you agree or disagree? I just want clarification from you so I can place all your minds at ease and make you understand that Chairman Mac acted like a boob on the BBC.
  7. [quote user="morty"]Supporter forum news, there will be no Fernandes investment any time soon and Kosich was seen by McNally as just another leech trying to make a fast buck.[/quote] Morty, I just want to repeat again, McNally thought he had a "bird in hand" with Fernandes and wanted to puff his chest out that he was earning his pay. Unfortunately, any investment is uncertain until the money changes hands. Fernandes only had an expression of possible interest. Nothing more than I had at the time with 2 investors here in the US. McNally made the mistake of making me an enemy by flaming on me (for some unknown reason) on the BBC after I had posted a positive blog on the Canaries and given a very favorable interview with the Evening News. Unfortunately, I believe that McNally''s GIANT ego got in the way and felt he had to dismiss me. No deals for a controlling interest in a club have happened outside of administration over the past year. Two clubs, Southampton and West Ham (Holdco in admin) sold controlling interests. Here is the tally for the big name advisors in the last year: Keith Harris - Zero Inner Circle - Zero Goldman - Zero Merrill - Zero Rothschilds - Zero Deloitte - Zero - Not even a bank!! Merrill and Goldman have had the LFC sell mandate for over a year and a half with ZERO results. Guess who will be the first advisor to raise equity for a club in over a year and a half?? You guessed it...Me Inner Circle had the sell side mandate on Sheffield Wednesday but I nor my clients were on the list. I contacted THEM as I had a working relationship with Inner Circle. Good people (Rob Tillis and Philip Hall). Before people start making libellous remarks about me and my firm, take a look at the facts. Mr. McNally was ill-behaved in his remarks on the BBC as I was not engaged by NCFC but had given the club great coverage. What he chose to do in this instance was act like a cretin on the BBC. Finally, where is the money Mr. McNally?? Mr. Fernandes has left the building. Respectfully this time, Joe
  8. [quote user="YankeeCanary"][quote user="PurpleCanary"][quote user="wirralcanary"] Do you think I would actually give names to Deloitte after what McNally said about me on the BBC.  One would have to be in dreamland to believe something like that.   [/quote] --- -- Well, this gets curioser and curioser, always assuming wirralcanary is anglophile is Joe Kosich! I must say I had assumed that Kosich, having been told to do so by McNally, had already handed over these names to Deloitte’s before McNally spoke to the BBC, and so no damage had been done by his attack. Now, if Kosich hadn’t passed the names on, but would have done so until he was slagged off by McNally, and now will keep them to himself, then it makes the McNally attack all the more stupid, even if what Kosich has produced in the way of possible investment interest turns out to amount to absolutely nothing. --- [/quote] Purple, part of what you respond with here is what I was getting at with you earlier. Your comment that "you had assumed" is, for me, you reacting in a different way than the superlative job you did ( in my opinion ) of summarizing the Peter Cullum saga, where you took great care to separate fact from fiction or assumptions. You will note that your earlier response to me did not address the factual point I made to you, namely: "Even if one conceeds the points you make viz "still a good thing" then I fail to see how you arrive at a summary that Deloitte would not not have had the names of possible investors without help from Kosich. None of us know that. do we? Indeed, I''m not sure we even know what Kosich handed over to Deloitte." If Joe Kosich was referred to Deloitte then it is between those parties to deal with the matter. A lot of us engaging in speculation on here is fun, but not fact. [/quote]   I was removed from the process after just prior to McNally''s immature rant on the BBC.
  9. [quote user="wirralcanary"] [quote user="blahblahblah"]Assuming you are still Joe - the Liverpool deal is not one to bring up if you want to win fans over.  Creating a credit facility for the fans to pay back is what fans of clubs want to avoid.  As I said before, give the choice of a philanthropist like Cullum and a capitalist, I''ll take the philanthropist any day of the week. [/quote]   Ah, I see, you want dumb money that will be spent on a whim.  Fans think they need a new striker....sure, let''s spend several million quid.  After awhile, the money runs out.  Ask Mr. McCabe at Sheffield United who is seeking investment also.  This model doesn''t work even as generous as he has been with his wealth.  As much as you feel it is not, football is a business.   Joe [/quote]   Oh, one point I missed, the supporters don''t own Liverpool.  The supporters always have two options (i) don''t buy tickets and vote with your feet; or (ii) purchase the owners shares.  Otherwise, the fans don''t really have a say.   Best,   Joe
  10. [quote user="blahblahblah"]Assuming you are still Joe - the Liverpool deal is not one to bring up if you want to win fans over.  Creating a credit facility for the fans to pay back is what fans of clubs want to avoid.  As I said before, give the choice of a philanthropist like Cullum and a capitalist, I''ll take the philanthropist any day of the week. [/quote]   Ah, I see, you want dumb money that will be spent on a whim.  Fans think they need a new striker....sure, let''s spend several million quid.  After awhile, the money runs out.  Ask Mr. McCabe at Sheffield United who is seeking investment also.  This model doesn''t work even as generous as he has been with his wealth.  As much as you feel it is not, football is a business.   Joe
  11. Exactly as I do this for a living advising investors.  I do not do it gratis.  My function would be the same as it would with Wednesday/C9S.  I am engaged by the investor for a pre-determined fee to advise the client.  It would make no sense for me  to turn over names to Deloitte as I was in exploratory discussions.  That is why I''m hacked off by McNally''s response on the BBC.   Joe Kosich
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