cambridgeshire canary 7,798 Posted October 28, 2021 https://www.skysports.com/football/news/11685/12453335/west-ham-czech-billionaire-daniel-kretinsky-close-to-buying-27-per-cent-stake-in-club Why arent we West Ham? Billionaires seem to be everywhere nowadays.. Share this post Link to post Share on other sites
Midlands Yellow 4,682 Posted October 28, 2021 (edited) 2 minutes ago, cambridgeshire canary said: https://www.skysports.com/football/news/11685/12453335/west-ham-czech-billionaire-daniel-kretinsky-close-to-buying-27-per-cent-stake-in-club Why arent we West Ham? Billionaires seem to be everywhere nowadays.. Because no one interested in buying us, never have been or ever will be. Rich owners only buy clubs in mass debt to make a profit. How many more times do the experts on here have to tell you? Edited October 28, 2021 by Midlands Yellow 4 Share this post Link to post Share on other sites
Ken Hairy 4,272 Posted October 28, 2021 I see Burnley have got some former NFL player, or some other dull American sport to invest millions into them too. Share this post Link to post Share on other sites
hogesar 10,762 Posted October 28, 2021 18 minutes ago, Midlands Yellow said: Because no one interested in buying us, never have been or ever will be. Rich owners only buy clubs in mass debt to make a profit. How many more times do the experts on here have to tell you? West Ham do have circa £150 million debt, that's quite a bit. Add the fact it's a fashionable London Club and the crazily good stadium deal they've got, they're a decent option. Share this post Link to post Share on other sites
Midlands Yellow 4,682 Posted October 28, 2021 1 minute ago, hogesar said: West Ham do have circa £150 million debt, that's quite a bit. Add the fact it's a fashionable London Club and the crazily good stadium deal they've got, they're a decent option. Do you think they’ll make a move for Ajer in the summer? Share this post Link to post Share on other sites
Mello Yello 2,572 Posted October 28, 2021 There's a guy from Prague I play online chess with.....He's my Czech mate...... 3 Share this post Link to post Share on other sites
Yellow Green Army 248 Posted October 28, 2021 There will be plenty of people willing to invest in Norwich City. Debt free, plenty of assets, huge potential, in the premier league. The facts are that the Smiths don’t want it to happen. Until they do it’s a none starter. 3 Share this post Link to post Share on other sites
The Raptor 1,573 Posted October 28, 2021 Nineteen of the current 20 Premier League teams have been taken over during the 21st Century apparently. I'm not sure on the figures further down the pyramid and can't be bothered to find out but I'd guess more have been taken over in that time than not. Perhaps were going for the record of having the longest serving owners. Share this post Link to post Share on other sites
hogesar 10,762 Posted October 28, 2021 9 minutes ago, Midlands Yellow said: Do you think they’ll make a move for Ajer in the summer? I doubt it Share this post Link to post Share on other sites
Naturalcynic 817 Posted October 28, 2021 10 minutes ago, Yellow Green Army said: There will be plenty of people willing to invest in Norwich City. Debt free, plenty of assets, huge potential, in the premier league. The facts are that the Smiths don’t want it to happen. Until they do it’s a none starter. It certainly looks like they don’t want it to happen, and never have. I’ve no idea what they consider the club to be worth, but if no-one’s ever shown any interest in buying it then it suggests that it’s significantly over-valued. Share this post Link to post Share on other sites
Badger 2,745 Posted October 28, 2021 49 minutes ago, Midlands Yellow said: Rich owners only buy clubs in mass debt to make a profit. Nonsense - there are many reasons for buying a football club. In West Ham's case, with a ground capacity of 60,000 + being London-based the attraction is obvious. It is easy to see where profit can be made here (as indeed it is with Newcastle - sold surprisingly cheaply - although profit may not be the primary motive in this case). Loads of other clubs have been bought by billionaires - Man Utd, Liverpool etc. Share this post Link to post Share on other sites
Badger 2,745 Posted October 28, 2021 32 minutes ago, Yellow Green Army said: There will be plenty of people willing to invest in Norwich City. Debt free, plenty of assets, huge potential, in the premier league. The facts are that the Smiths don’t want it to happen. Until they do it’s a none starter. The fact that it is debt-free and has plenty of assets would make it much more expensive to buy and a capacity of only 27,000 would mean that development would be expensive too. But ultimately as you say, if they don't want to sell nobody can force them - that's how ownership goes, they (and any other owner) can do what they want. Share this post Link to post Share on other sites
Ken Hairy 4,272 Posted October 28, 2021 Just to clarify they haven't even bought West Ham, just a 1/4 stake in it. Share this post Link to post Share on other sites
spencer 1970 214 Posted October 28, 2021 Afraid to say its going to be very difficult for Norwich to get into the realm of those clubs. Shirt sales, global fans base and above all, our catchment area is tiny compared to any London club, so we could never attract any big league events to out stadium. It is what it is, I'm over it. Share this post Link to post Share on other sites
Badger 2,745 Posted October 28, 2021 31 minutes ago, Naturalcynic said: I’ve no idea what they consider the club to be worth, but if no-one’s ever shown any interest in buying it then it suggests that it’s significantly over-valued. Watford's total assets in June 2020 were valued at £242 million (p34 Accounts). Obviously there will have significant liabilities. I can't believe that our assets are not somewhere in the same ballpark, with fewer liabilities. The sale of Burnley last year was thought to be £160 million rising to £200 million. Share this post Link to post Share on other sites
By Hook or Ian crook 943 Posted October 28, 2021 There must be some Russian oligarch who wants to best Abramovich we could tempt. Maybe we could get Bill Gates and be sponsored by Microsoft Share this post Link to post Share on other sites
Well b back 3,604 Posted October 28, 2021 And just to think when Sullivan and Gold left Birmingham, when they were linked with us they were slated and nobody wanted them. Share this post Link to post Share on other sites
......and Smith must score. 1,596 Posted October 28, 2021 2 hours ago, cambridgeshire canary said: https://www.skysports.com/football/news/11685/12453335/west-ham-czech-billionaire-daniel-kretinsky-close-to-buying-27-per-cent-stake-in-club Taken over ? It's been a long while since I was at school but since when has 27% been the same as at least 51% Share this post Link to post Share on other sites
keelansgrandad 6,680 Posted October 28, 2021 Its a pity you miserable beggars who live in Norfolk weren't more hospitable. Share this post Link to post Share on other sites
Capt. Pants 5,008 Posted October 28, 2021 4 minutes ago, keelansgrandad said: Its a pity you miserable beggars who live in Norfolk weren't more hospitable. We don't like furriners this part of the world. Share this post Link to post Share on other sites
