Delia, please go.

[Michael Wynless Jones 161]

2 minutes ago, PurpleCanary said:

I said rich people could be found interested in buying a football club. Not that they would necesarily want to buy Norwich City:

There are a few Norwich City fans who could easily rattle off the names of some wealthy people who might be interested in buying a football club.

Anyway, glad to have been of help to you 'New Broomers' (hope you like the name - I thought it probably had the edge PR-wise over 'Kick the old Trout Outers'). Good luck with your search.

I prefer Broomy, but whatever floats your boat

[lappinitup 629]

53 minutes ago, South Sider said:

Stop being a pr!ck to everyone that doesn't tow your line or doesn't believe you are absolute authority on everything.

Another line being towed.

Where are you towing them to and what are you doing with them?

 

[Indy 3,283]

It’s noticeable the two sides have no common ground. I don’t care anymore, it has no effect on me who owns the club in the modern game it shouldn’t.

I like the way Webber who has a good knowledge of football is basically running the club on behalf of the owners. He’s doing a sterling job with the limitations we have at a club who’s owners will not fund it out their own pocket.

Yes it’s noticeable that our national treasure certainly gets a lot less stick than I’m sure Tom will once he takes over the hot seat, and why should he be given any free time, he’s not done anything for this club other than get a free ride by auntie Delia.

As far as it goes we’re in a solid position thanks to Webber & Farke doing a very good job in developing a team which won promotion, getting rid of the high costs and now focusing on a young hungry side to go again.

I have no issue with Delia & MWJ owning the club till they can’t no more, but I really think handing it down like a family heirloom is a step too far, they really have a duty to find the best next stage for this fine club, not just keep it in the family and to hell with any supporter that doesn’t like that.

[Mello Yello 2,277]

                 

 

                                                                                                    "Why ever should I sell the club?"...... 

 

[Uncle Fred 526]

Mello you have hit the nail on the head, it’s only narcissism that keeps them in the club

it is like watching Gordon Ramsey’s kitchen nightmares watching them trying to run the club

it really can’t get any worse 

[TeemuVanBasten 3,327]

50 minutes ago, Feedthewolf said:

EposNow, by any chance?

Yes, although he'd need to sell the business to be worth the mega bucks. Feasible one day, to a big payment processor or bank, and incredibly he still owns 100%. 

 

44 minutes ago, Midlands Yellow said:

Hoggy? 

I was talking about Norwich City, not Norwich United 😂

Edited July 8, 2020 by TeemuVanBasten

[Feedthewolf 4,844]

1 minute ago, TeemuVanBasten said:

Yes, although he'd need to sell the business to be worth the mega bucks. Feasible one day, to a big payment processor or bank, and incredibly he still owns 100%. 

Is Jacyn into football? I've never met the guy, but I know a couple of people who know him a bit.

[TeemuVanBasten 3,327]

Just now, Feedthewolf said:

Is Jacyn into football? I've never met the guy, but I know a couple of people who know him a bit.

Everybody of a certain age knows him from his time owning Rocks Bar on St. Benedicts.

Rocks to Franks/Bedfords to Cafe Karma to whatever Gonzos was called when it was really shady and open until 6am😂

[Feedthewolf 4,844]

1 minute ago, TeemuVanBasten said:

Everybody of a certain age knows him from his time owning Rocks Bar on St. Benedicts.

Rocks to Franks/Bedfords to Cafe Karma to whatever Gonzos was called when it was really shady and open until 6am😂

I must have been in there, I think I remember where it was... close to where the Bicycle Shop is now? Gonzo's used to be Kartel, but I used to go there before that... can't remember what it was called then, though.

[hogesar 9,615]

4 hours ago, Canary Wundaboy said:

Just one second, how much did Delia pay for her shares from Watling, how much has she actually put into the club over the years? And I thought she "loved" the club and wouldn't want to hold it back? By all means she should get her money back and then some, she's earned it, but if her and MWJ are collectively worth only £23m, why the hell should she bank a £50m payday off the back of the club? The club may be worth that, but I would be royally irritated if she refused to sell for £30m with that £20m additional being spent getting us back to the EPL or on a new stand.

I'm not massively clued up on this but because NCFC are a PLC, I'm pretty sure as soon as someone buys a certain amount of shares (30%, 40%? Something like that) they are obliged to offer to buy all the shares at the price they bought the others for. You would think Delia would like to make sure all the other shareholders in NCFC got the value they were rightly entitled to.

[hogesar 9,615]

1 hour ago, Midlands Yellow said:

Hoggy? 

Come on, let's not do the whole 'obsessed' thing with Til liking every anti-hogesar post like a schoolchild. 

Anyway, I'm not stupid enough to lose what money I do have on a football club (excluding my season ticket, of course).

[PurpleCanary 5,554]

23 minutes ago, hogesar said:

I'm not massively clued up on this but because NCFC are a PLC, I'm pretty sure as soon as someone buys a certain amount of shares (30%, 40%? Something like that) they are obliged to offer to buy all the shares at the price they bought the others for. You would think Delia would like to make sure all the other shareholders in NCFC got the value they were rightly entitled to.

Yes. Thirty per cent, and at the highest price paid for any of the shares bought to bring their holding to that level.

[TIL 1010 4,718]

20 minutes ago, hogesar said:

Come on, let's not do the whole 'obsessed' thing with Til liking every anti-hogesar post like a schoolchild. 

 

May i just politely point out to you hoggy that before posting that comment you look back and then honestly say you have not done that in reverse. I can think of several times when the likes of Fenway has popped up with his one liners in reply to something i posted you yourself have been quick off the mark with the reactions.

As i said just politely pointing out.

 

[TIL 1010 4,718]

1 minute ago, PurpleCanary said:

Yes. Thirty per cent, and at the highest price paid for any of the shares bought to bring their holding to that level.

So Purple does that mean a potential buyer would have to buy 30% of the existing 600,000 in circulation with current shareholders or approach the club to see if they would release the unreleased shares ?

[Uncle Fred 526]

8 minutes ago, TIL 1010 said:

May i just politely point out to you hoggy that before posting that comment you look back and then honestly say you have not done that in reverse. I can think of several times when the likes of Fenway has popped up with his one liners in reply to something i posted you yourself have been quick off the mark with the reactions.

As i said just politely pointing out.

 

Old spidy has been quiet on this thread he is obviously doing his super hero thing 

[norfolkngood 1,086]

2 hours ago, Indy said:

It’s noticeable the two sides have no common ground. I don’t care anymore, it has no effect on me who owns the club in the modern game it shouldn’t.

I like the way Webber who has a good knowledge of football is basically running the club on behalf of the owners. He’s doing a sterling job with the limitations we have at a club who’s owners will not fund it out their own pocket.

Yes it’s noticeable that our national treasure certainly gets a lot less stick than I’m sure Tom will once he takes over the hot seat, and why should he be given any free time, he’s not done anything for this club other than get a free ride by auntie Delia.

As far as it goes we’re in a solid position thanks to Webber & Farke doing a very good job in developing a team which won promotion, getting rid of the high costs and now focusing on a young hungry side to go again.

I have no issue with Delia & MWJ owning the club till they can’t no more, but I really think handing it down like a family heirloom is a step too far, they really have a duty to find the best next stage for this fine club, not just keep it in the family and to hell with any supporter that doesn’t like that.

Fantastic Post Indy exactly my Point , Delia has done so much for the club the Fans understand her Position a lot more ! 

But there have been different owners of the clubs since in was formed some good and i imagine some were bad 

Once Delia Steps Down it is someone else's chance to buy the club

was it leeds ? who had 70 people interested when they were sold ? their are people out there for sure maybe not Norwich fans or anyone we have heard of but if it was for sale then i believe we would find someone good or bad nobody knows 

 

Edited July 8, 2020 by norfolkngood

[hogesar 9,615]

36 minutes ago, TIL 1010 said:

May i just politely point out to you hoggy that before posting that comment you look back and then honestly say you have not done that in reverse. I can think of several times when the likes of Fenway has popped up with his one liners in reply to something i posted you yourself have been quick off the mark with the reactions.

As i said just politely pointing out.

 

I didn't think I had, unless it was in relation to myself, or something footballing related. If I have, apologies, as I think it's a bit 'behind your back' and snidy, which isn't something I like.

[Harry53 207]

3 hours ago, Uncle Fred said:

I have been on here many a year, I am consistent in wanting the stowmarket 2 out. 
its been a disaster of a 20 year plan

Time for change 

This is my 3rd season here in Norwich so i haven't had the history of your experiences supporting city. I respect your view

[Crafty Canary 495]

FFS the only way the owners will go is in coffins. Then change will only happen if their nephew wants to do things differently and his hands aren’t tied by the terms of the trust in which the majority shareholding is held. I fully expect our beloved owners to effectively rule the club from beyond the grave. How lucky for us.

[Essjayess 307]

18 hours ago, Yellowhammer said:

A lot has happened over the years since I ran across the pitch at Watford with thousands of city fans in 1972 the year we first got promoted to the big league, up and down over the years , but we still cannot establish ourselves  in the top league for any length of time despite what manager or players we have . The only way this will happen is new owners and money invested in the club. 

Perhaps there is your own answer Yellow..you are asking yourself whether we can establish ourselves in the top league with new owners and money...the answer lies all around us in a horde of other clubs who have had new owners with much money...reality is this...the only true established clubs in the top league and the ones who win over 95% of all the trophies are the Manchester clubs, Arsenal, Chelsea, Liverpool and Spurs and Everton, the last two  who are established but seldom win anything. What you effictively saying or asking is for City to join their ranks...aint gonna happen.

In the last several decades, only Leicester recently and Blackburn a few decades ago have even managed to become top league Champions for a season. If you wrote your post  just 2 or 3 seasons back you could have highlighted Stoke as a shining example of an established top league club...but where are they now?..there lies the reality..a few clubs outside the top 6 or 7 true established  do survive 3 to 5 seasons...1 or 2 even manage a few more than that...even City had such a spell as that late last century. But reality  is..outside the true established clubs City are on a par with, maybe exceed even, most other clubs with Prem seasons under their belt...and thats with Delia at the helm and with a club run model thats run as  true  a proper business as one can find...along with a strong community fan base to. Ive always said, Delia should be at the helm for as long as she wants to, nothing in a quarter of a century has changed my mind on that.

[PurpleCanary 5,554]

47 minutes ago, TIL 1010 said:

So Purple does that mean a potential buyer would have to buy 30% of the existing 600,000 in circulation with current shareholders or approach the club to see if they would release the unreleased shares ?

Tilly, the consortium you're putting together could do either. Probably the obvious first step would be to ask the club if they would release enough new shares to provide you with a comfortable majority holding. In other words, at least 700,000.

I think, without being certain, that the 30 per cent rule would apply in that case, and you would have to offer to all existing shareholders the price you paid the club for the new shares, since by definition getting enough shares for a majority would mean you were well beyond a third.

And if you reached a 90 per cent holding (I think that is the figure) anyone who hadn't sold to you would be forced to, so you ended up with 100 percent.

That would mean buying at least 1.3m shares, so you might prefer simply to get a majority of the existing shares, so around 340,000, or be forced to go that way because the directors decided not to release enough new shares.

Then it would turn on whether the directors were happy with a takeover, but only by way of existing shares, or were denying you new shares as a way of stopping a takeover, forcing you to go hostile, with a reduced (but still possible) chance of success.

PS. I noticed you were a touch snippy earlier today with one of our welcome new posters, South Sider. Almost certainly some young boy or girl who is new to football forums and could be easily offended by what to you is just normal banter. Perhaps cut them a bit of slack, just in case?

[TIL 1010 4,718]

36 minutes ago, PurpleCanary said:

Tilly, the consortium you're putting together could do either. Probably the obvious first step would be to ask the club if they would release enough new shares to provide you with a comfortable majority holding. In other words, at least 700,000.

I think, without being certain, that the 30 per cent rule would apply in that case, and you would have to offer to all existing shareholders the price you paid the club for the new shares, since by definition getting enough shares for a majority would mean you were well beyond a third.

And if you reached a 90 per cent holding (I think that is the figure) anyone who hadn't sold to you would be forced to, so you ended up with 100 percent.

That would mean buying at least 1.3m shares, so you might prefer simply to get a majority of the existing shares, so around 340,000, or be forced to go that way because the directors decided not to release enough new shares.

Then it would turn on whether the directors were happy with a takeover, but only by way of existing shares, or were denying you new shares as a way of stopping a takeover, forcing you to go hostile, with a reduced (but still possible) chance of success.

PS. I noticed you were a touch snippy earlier today with one of our welcome new posters, South Sider. Almost certainly some young boy or girl who is new to football forums and could be easily offended by what to you is just normal banter. Perhaps cut them a bit of slack, just in case?

Thanks for clarification on that Purple and i will get back to you once i have banked my Euromillions jackpot winnings and the consortium are fully signed up.

Your P.S. has been noted and as a relative new poster he may well be a young boy or girl but he/she has taken to effing and jeffing like a duck to water since he/she joined looking at his/her posts.

Edited July 8, 2020 by TIL 1010

[nutty nigel 7,509]

There's so much bad feeling on this thread. Our owners are judged not for what they do or on what they have done. Everytime we hit a bump in the road the same people come on here calling for them to go. You only have to read this message board to see that. In 2009 they had to go because "we would never get out of League One while they were owners".

Wrong.

Two seasons later we were in the PL. Little was said about our owners from those who stick around during the good times. Much was made of Bowkett and McNally and the owners part in that was attributed to them "getting lucky".

Three years later we were relegated and up it all came again. "They need to go so we can have owners capable of getting us out of the Championship".

Wrong.

We returned to the PL the next season after a brilliant winning day at Wembley. The only time anyone had seen us win at the new Wembley. (Thanks Tilly) Would all those people who wanted to see us win at Wembley before they die give the owners credit? Not on your life. They were responsible for the weeks we were out of the play off places. The successes were once again attributed to other people with them "getting lucky".

The next season we were relegated again so it all came up again. This time it was because the people they got lucky with before stopped being lucky and they were then replaced by incompetent people judged on their politics. At this time the owners were also judged for their politics. Apparently they had the wrong politics and were holding the club back. It got to the point that just last season I was told "Under their ownership we wouldn't even be able to compete with the binners". Apparently Marcus Evans was a superior owner just like he apparently had been in 2009. Of course what followed was one of the most enjoyable season's for 25 years. Surely this time they would get some credit? Nope, not a bean. They got lucky. Again.

So here we are again. This time even the Chase years are being redefined to show them in a bad light. And we're back to the belief that anyone with more money would be better. Yet so many with more money haven't even come close to what our owners have achieved.

I like the club they have built. I like community. I believe in people. Especially those who add value to the community and persevere when the going gets tough. People's value can't be measured in money. Only their wealth can.

 

Edited July 8, 2020 by nutty nigel
Tilly had my back🙃

[TIL 1010 4,718]

I give Arthur South credit for me seeing my team win at Wembley back in 1985.Blimey and some get accused on here of rewriting history. 😂😜

 

[lake district canary 4,531]

3 hours ago, Indy said:

It’s noticeable the two sides have no common ground. I don’t care anymore, it has no effect on me who owns the club in the modern game it shouldn’t.

I really think handing it down like a family heirloom is a step too far, they really have a duty to find the best next stage for this fine club, not just keep it in the family and to hell with any supporter that doesn’t like that.

"In the modern game it shouldn't".   What does that mean?  Is it saying modern football is so f****d up that the only thing that matters is money and not the quaity or commitment of the owners of a family style club?   I would have thought it's even more important to have clubs like ours, where money is NOT the only requirement to having a successful club.

As for your second sentence, what the heck is wrong with handing on shares rather than trying to sell them?   If Tom gets them, he has the opportunity to continue the family style club that would disappear the instant the shares are sold to someone from outside the club. 

Family, community, self-sustainability......these are all things that are gradually starting to come back into fashion in all sorts of areas of life and frankly we should all be supportive of those kinds of values - the value of money will continue to become less and less.  You can see it now in football with so many clubs having so much money, but not actually doing very much better than they were before and in some cases a lot worse. 

We have a fantastic football club. The last nearly twenty five years have seen us evolve through huge ups and downs in fortunes on and off the field into a vibrant, modern, forward thinking, debt free, self sustaining club with a brilliant academy and plenty of really good young players ensuring the future will be bright. So what's not to like?  What's wrong with wanting that stability and excellent situation to continue?  Because we can't sustain a PL place? Well if we get another chance, we may well be in a better position to stay up - but then that has always been the plan.....but then some people don't even like having a plan, or refuse to accept there is one.

It's a bit sad that people are so against the idea of the owners passing on their shares to TS - after all passing family assets to a family member is a respectable thing to do. I think some of it is down to jealousy "why should he get them" I've seen written several times - well he is entitled to them, if that is what the owners want to do with them.  It's quite extrordinary that people would rather get the club sold off to someone who will not be a fan, who may only stay a few years and then sell on to another one who is not a fan and who may not have the well being of the club at heart.  What there is a real danger of, is that the club gradually declines, with huge debt building up, a loss of identity and ending up in League 1.  We've been there, we know what it's like - in huge debt and relegated to L1 - we don't need that again. Even if we went down to League 1 now under current ownership, we would still not be in debt and we would still have the ability to bounce back.

People need to be really careful what they wish for.  There are no guarantees in football, but there is one thing that will help us in the modern game - keeping our identity - and that means keeping the club run in the same kind of way that it is now. Selling out to nearly anyone is something we should not be considering. There are no super fans with millions like Brighton have - but that would be the one thing that might be a good option if one could be found - but it won't, because they don't exist.

Like I said, be careful what you wish for.

 

[nutty nigel 7,509]

4 minutes ago, TIL 1010 said:

I give Arthur South credit for me seeing my team win at Wembley back in 1985.Blimey and some get accused on here of rewriting history. 😂😜

 

Oops 🙃

Yep we did.

Now how do I get around it...

 

[hogesar 9,615]

2 minutes ago, nutty nigel said:

Oops 🙃

Yep we did.

Now how do I get around it...

 

Say you were talking on behalf of me? I wasn't alive to see us at Wembley then. 🙂

[wcorkcanary 4,329]

4 hours ago, Uncle Fred said:

Mildly disappointed I didn’t make this exclusive little club 

The door isnt wide enough.

[TIL 1010 4,718]

6 minutes ago, nutty nigel said:

Oops 🙃

Yep we did.

Now how do I get around it...

 

Looks like you rewrote your post to cover your rewriting history effort. 😋

[nutty nigel 7,509]

1 minute ago, TIL 1010 said:

Looks like you rewrote your post to cover your rewriting history effort. 😋

You got a credit...