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9 hours ago, Christoph Stiepermann said:

Is it Leicester now? I'm well out of the loop, I thought everyone was still jealous of QPR and their big money signings and big name managers that our club would never be able to compete with...Or was it Cardiff? I can't keep up anymore.

 

Seriously though. Nobody like Leicester or Wolves for example's owners want to buy Norwich. We're simply not appealing enough for an owner with both limitless wealth and footballing nous. We might attract a Marcus Evans type if we whored ourselves out enough, but what we know where that road leads.

 

We need to attract certain types of players and managers that fit our culture here to be successful. If you throw money at mercenaries who don't want to play for this club or live in this part of the country you end up like Sunderland/Portsmouth. The model we have now is the one that will give us the best chance of success and a team that we can enjoy supporting. It has it's limits but it's better than any other alternative available to us. If there was an owner out there who cared about and understood the club and football like Delia/MWJ and had the money to bankroll us you can bet we would sell the club to them. But that person doesn't exist I'm afraid, like it or lump it that's the reality we face. 

I simply don't believe that i'm afraid. They don't make offers for us and probably many don't make an approach because they know we are "not for sale" or the conditions put who can buy us are so restrictive as to be impossible to fulfil but I refuse to believe that there have not been a multitude of potential buyers for us, especially during our spells in the premier league. Debt free, sell out every week, own enough land around the ground to expand it, decent cat 1 academy and  owners who have said they are not in it for the money and so presumably would not be quoting a stupid price were they ever to be convinced to do so.

What we do, however, is (more recently at least after they were forced to following the times interview) say we are open to "investment" which appears to be code for "give us your money but you won't own or control the club" an unsurprisingly does not have a string of people bashing the door down!

If they publically announced the club was available for purchase at a reasonable price then I think there would be a lot of interest (from both good and bad potential new owners). 

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30 minutes ago, Jim Smith said:

I simply don't believe that i'm afraid. They don't make offers for us and probably many don't make an approach because they know we are "not for sale" or the conditions put who can buy us are so restrictive as to be impossible to fulfil but I refuse to believe that there have not been a multitude of potential buyers for us, especially during our spells in the premier league. Debt free, sell out every week, own enough land around the ground to expand it, decent cat 1 academy and  owners who have said they are not in it for the money and so presumably would not be quoting a stupid price were they ever to be convinced to do so.

What we do, however, is (more recently at least after they were forced to following the times interview) say we are open to "investment" which appears to be code for "give us your money but you won't own or control the club" an unsurprisingly does not have a string of people bashing the door down!

If they publically announced the club was available for purchase at a reasonable price then I think there would be a lot of interest (from both good and bad potential new owners). 

You are welcome to your opinion, but that is all it is, opinion. There is little or no evidence that what you write is in fact true. Any fithy rich prospective owner (FRPO) are unlikely to consider the clubs debt position in anyway apart from a negotiating position, we sell out because capacity is so low but again FRPO are unlikely to consider that a factor (see Bournemouth), the ground expansion is a logistical nightmare that we have discussed ad nauseum and what self respecting FRPO considers a Cat 1 academy a selling point.

The fact is any self respspecting FRPO has enough cash where these factors arn't issues. They only become issues where someone wants a cash cow to milk and down that road we don't want to go. Furthermore any FRPO would be more than sharp enough to turn investment into equity into control. It is what they do.

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2 hours ago, Jim Smith said:

I simply don't believe that i'm afraid. They don't make offers for us and probably many don't make an approach because they know we are "not for sale" or the conditions put who can buy us are so restrictive as to be impossible to fulfil but I refuse to believe that there have not been a multitude of potential buyers for us, especially during our spells in the premier league. Debt free, sell out every week, own enough land around the ground to expand it, decent cat 1 academy and  owners who have said they are not in it for the money and so presumably would not be quoting a stupid price were they ever to be convinced to do so.

What we do, however, is (more recently at least after they were forced to following the times interview) say we are open to "investment" which appears to be code for "give us your money but you won't own or control the club" an unsurprisingly does not have a string of people bashing the door down!

If they publically announced the club was available for purchase at a reasonable price then I think there would be a lot of interest (from both good and bad potential new owners). 

Well, it is a fact that no-one has made an offer since the company became a PLC, which I think was around 2000, so since we had spells in the new-era mega-rich Premier League, became debt-free and started selling out the ground, and with the land for stadium expansion.

As to potential buyers being put off from making an offer by 'impossible' conditions, there are two points. One fan's impossible conditions are another's highly sensible safeguards against charlatans and asset strippers.

Secondly, anyone really serious about buying the club would hardly be put off anyway. If the conditions really were designed to put off even genuine buyers, then making an offer and publicising the absurdity of the restrictions, along with a detailed and costed explanation of the planned deal, would win fans over (in a way Cullum never did) and force S&J to take it seriously.

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3 hours ago, Jim Smith said:

If they publically announced the club was available for purchase at a reasonable price then I think there would be a lot of interest (from both good and bad potential new owners). 

Why would they Jim?

Would you say your house was for sale at a reasonable price if you were happy living there and had no intention of moving?

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1 hour ago, PurpleCanary said:

Well, it is a fact that no-one has made an offer since the company became a PLC, which I think was around 2000, so since we had spells in the new-era mega-rich Premier League, became debt-free and started selling out the ground, and with the land for stadium expansion.

As to potential buyers being put off from making an offer by 'impossible' conditions, there are two points. One fan's impossible conditions are another's highly sensible safeguards against charlatans and asset strippers.

Secondly, anyone really serious about buying the club would hardly be put off anyway. If the conditions really were designed to put off even genuine buyers, then making an offer and publicising the absurdity of the restrictions, along with a detailed and costed explanation of the planned deal, would win fans over (in a way Cullum never did) and force S&J to take it seriously.

That's the point a million times over and consistently gets overlooked when this is brought up on the somewhat painful Facebook Groups, here, and other social medias.

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I would rather that this debate was more central to the accounting year in focus rather than having a need to revert to the well worn argument about rich, or otherwise, owners.

 

This latter seems to be a constant and raises it's head at the slightest downfall in the team's fortunes. We all know the score in full and any new incite is clearly unavailable.

The loss in question, which seems to have hit us as as bit of a surprise does seem to contain detail which might suggest it to be exceptional.

Our promotion triggered bonuses which seem to have been quite expansive ... but after last season who can grumble. These include extra payments to the players involved, which is fair enough, and also extras for the likes of Buendia whose original contract seem to have been constructed based upon the subsequent fortunes of our club.

In this context then one off payments have needed to be honoured but equally need be equated with the  extra millions expected for being a Premier League member.

There is also quite some outstanding payments to come from player sales, especially, but not exclusively, from Madisson's sale to Leicester City (which might still increase if he plays for England.) We do owe a bit in this respect but the balance is significantly in our favour.

The bond issue proved to be an expensive way of borrowing £5 (but that money may have been crucial at the time.) It was generous from the outset but being based significantly upon success made it a veritable bonanza for investors (big boys mostly?)

The loss is therefore not likely an accurate forecast of any future  Championship season that might be on the cards because much of the outlay has been due to the (unexpected) success ie. getting promoted.

The self-funding model will still prevail and, as ever, we will need to sell to survive a Championship existence. However, there again, we are likely to be strong enough in all respects (from management, playing staff, youth (Academy 1.,) owned infrastructure, support, sponsorship etc. to make this existence as temporary as we seem to make a habit of our existence in the Premier League.

In sum this massive figure need not be a below the belt hit for us supporters. There are many things to read between the lines, including, it seems, a single but significant pay-off. 

Edited by BroadstairsR

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We're self-funding and therefore must live within our means......Shame we can't get another local businessman akin to the generous chap who chipped in with a few bob for Darren Huckerby's wages. Oh, and that sterling local businessman, also made a significant contribution towards our loan of Reading's Leroy Lita as well (as we were a bit skint then).....Funny how we tend to forget these things.......?

 

Outside contributions.....the moore the merrier....... 😉 

 

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"..... anyone really serious about buying the club would hardly be put off anyway. If the conditions really were designed to put off even genuine buyers, then making an offer and publicising the absurdity of the restrictions, along with a detailed and costed explanation of the planned deal, would win fans over (in a way Cullum never did) and force S&J to take it seriously."

 

And there is the elephant in the room, any genuine buyer who had been foilled by restrictions and unreasonably rebuffed would undoubtedly seek to stir up the fans to gain support for their bid. Never happened to my recollection.

Edited by Van wink

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21 hours ago, BigFish said:

As I said, some clubs do, for a while until gravity catches up with them

People seem to overlook the fact that the main reason the owners should be changed at Norwich is the number of mistakes the current owners have repeated over a 23 year period. The mere fact we are heading for a 5th relegation under these owners is surely proof enough that they are no good; and that is before we start to look at the money issue. No other club will have been relegated from the EPL more times than Norwich.

I come back to the following stats:

Watling relegations:  0

Chase relegations:  1

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Meanwhile clubs of similar stature have never been promoted to the Premier League in order to be relegated from it either. 

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4 minutes ago, Surfer said:

Meanwhile clubs of similar stature have never been promoted to the Premier League in order to be relegated from it either. 

Which clubs of similar stature have never been promoted to the EPL?

I can't think of any.

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24 minutes ago, Big Vince said:

People seem to overlook the fact that the main reason the owners should be changed at Norwich is the number of mistakes the current owners have repeated over a 23 year period. The mere fact we are heading for a 5th relegation under these owners is surely proof enough that they are no good; and that is before we start to look at the money issue. No other club will have been relegated from the EPL more times than Norwich.

I come back to the following stats:

Watling relegations:  0

Chase relegations:  1

And what is the score on Promotions?

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On 08/11/2019 at 19:02, BigFish said:

And what is the score on Promotions?

Promotions are only relevant if you stay up for a reasonable period, or go further.

Watling was promoted and stayed in that league for about 12 years then got promoted to a higher league until he was succeeded by Sir Arthur.

Chase got promoted and stayed in that higher league for 9 years.

Delia by contrast has managed 1-3 years in the EPL.

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52 minutes ago, Big Vince said:

Promotions are only relevant if you stay up for a reasonable period, or go further.

Watling was promoted and stayed in that league for about 12 years then got promoted to a higher league until he was succeeded by Sir Arthur.

Chase got promoted and stayed in that higher league for 9 years.

Delia by contrast has managed 1-3 years in the EPL.

Bang on the money .

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1 hour ago, Big Vince said:

Promotions are only relevant if you stay up for a reasonable period, or go further.

Watling was promoted and stayed in that league for about 12 years then got promoted to a higher league until he was succeeded by Sir Arthur.

Chase got promoted and stayed in that higher league for 9 years.

Delia by contrast has managed 1-3 years in the EPL.

The recent promotions and relegations have taken place in a much tougher environment than the previous incumbents.

Comparing those different eras is like comparing apples and cucumbers.

 

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54 minutes ago, Midlands Yellow said:

Bang on the money .

Big Vince's money is worth about as much as the Papiermark in the bad days of the Weimar Republic.

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