EXCLUSIVE: US tycoons in Norwich City investment talks

[TIL 1010 4,738]

24 minutes ago, Diane said:

Good response from fans. 

https://www.pinkun.com/sport/norwich-city/ncfc-canaries-investors-advanced-talks-fan-reaction-9001668

 

Unless any of those quoted post on here i will take their thoughts and observations with a pinch of salt. 😂

[FenwayFrank 2,459]

Only a couple of comments but better than nothing 

 

https://brewerfanatic.com/forums/topic/38189-owners/

[Monty13 2,231]

3 minutes ago, FenwayFrank said:

Only a couple of comments but better than nothing 

 

https://brewerfanatic.com/forums/topic/38189-owners/

Thanks.

"Europeans expect socialism in their economy and capitalism in their sports, while Americans expect capitalism in their economy and socialism in their sports".

There’s a weird truth to this, they’d never accept the PL in the US.

[Mengo 822]

 

[Surfer 1,547]

My only comments from a viewpoint on the west coast of the USA is the Milwaukee Brewers' franchise has been reborn under their owners tenure, Wisconsin is the State that most closely resembles Norfolk in my opinion, and it's home to the Green Bay Packers. So it's culturally probably a good fit, unfashionable and out of the way yet capable of mixing it up with the best. Sounds pretty good to me. 

[shefcanary 2,402]

Wow, there's a lot in that report.  

No-oor widge. Ha. Seriously though, no critique of Norwich as being the right club to go for.

The local soccer expert in a Man City shirt.  The link to the world's game.

The new combined soccer stadium / hotel / arena development Attanasio is building.  This man is serious about things.  Feeling excited about City Stand development now.

Hardly mentioned baseball at all.  

[Graham Paddons Beard 2,431]

5 minutes ago, shefcanary said:

The new combined soccer stadium / hotel / arena development Attanasio is building.  This man is serious about things.  Feeling excited about City Stand development now.

Hardly mentioned baseball at all.  

Said it before and will say it again . When the City stand is developed it will be as much about the additional facilities as the extra 7000 or so seats. That excites me too. Carrow Road as a venue could be very financially rewarding . 

Edited May 28, 2022 by Graham Paddons Beard

[1902 1,167]

Just now, Graham Paddons Beard said:

Said it before and will say it again . When the City stand is developed it will be as much about the additional facilities as the extra 7000 or so seats. That excites me too. Carrow Road as a venue could be very financially rewarding . 

I would actually like to see an increase in stadium capacity as a priority for any investment. Increasing cash flow over a 20/30 year period is probably going to be a better use of money than a short term injection into the playing budget.

Obviously, that only works if you can sell out the capacity and I have no idea of the viability of that.

[TheGunnShow 5,940]

Having realised that Milwaukee was the home city of baseball commentator Bob Uecker (he was Harry Doyle in Major League), maybe Uecker could do some commentary for us?

"And Sargent winds up and..... juuuuuust a bit outside!"

[hertfordyellow 460]

I will always be sceptical of investors who are involved in American franchises, because it is as far removed from what I would want for the club. I’m sure I’ll be told that this makes me a happy clapper or something but there it is.

The only reason to be involved in ownership is to make money. Fans come very far behind profit in the pecking order and even though they will say they do, they really don’t understand the implications of relegation and the need to plan for it.

[PurpleCanary 5,557]

4 minutes ago, 1902 said:

I would actually like to see an increase in stadium capacity as a priority for any investment. Increasing cash flow over a 20/30 year period is probably going to be a better use of money than a short term injection into the playing budget.

Obviously, that only works if you can sell out the capacity and I have no idea of the viability of that.

With respect 1902, you don't have to sell out the capacity for such a project to be financially profitable in the long run. The South Stand was doubled from 4,000 to 8,000 but if, say, only 3,000 of those extras seat had been sold, season in, season out, since the expansion that would by now have more than paid for the cost of the building.

I agree with GPB about the potential boon a revamped and expanded City Stand would be, although I am not sure an extra 7,000 seats is justified.

[Robert N. LiM 4,341]

Are we sure it's not Fabio Capello?

[Surfer 1,547]

3 minutes ago, PurpleCanary said:

I agree with GPB about the potential boon a revamped and expanded City Stand would be, although I am not sure an extra 7,000 seats is justified.

A revamped AND mixed development City Stand? Can't see it - there is hardly any space behind the existing stand, if there is to be mixed use redevelopment that could only be of and behind the South Stand, including the existing car park and potentially the land between Kerrison Road, the river and the Norwich to London railway lines. That's a quite attractive chunk of real estate that would be perfect for an upgrade into mixed use. If the City Stand is to be upgraded IMO it will be a quite modest refurbishment. 

[A Load of Squit 5,161]

A new stadium on the Broadland business park with it's own railway station is the obvious answer, can't believe no-one mentioned it before. 😀

[Ken Hairy 3,772]

44 minutes ago, hertfordyellow said:

I will always be sceptical of investors who are involved in American franchises, because it is as far removed from what I would want for the club. I’m sure I’ll be told that this makes me a happy clapper or something but there it is.

The only reason to be involved in ownership is to make money. Fans come very far behind profit in the pecking order and even though they will say they do, they really don’t understand the implications of relegation and the need to plan for it.

You do realise the best way for these investors to make money is for the club to be successful? Not much money being made out of ****e clubs, ask the Ipswich pension fund

[dylanisabaddog 4,918]

3 hours ago, Terminally Yellow said:

Geez and there was me thinking I was the most pathetic moron on this forum. 

Of course you're not. And at least your heart is in the right place 💛💚

[dylanisabaddog 4,918]

15 minutes ago, A Load of Squit said:

A new stadium on the Broadland business park with it's own railway station is the obvious answer, can't believe no-one mentioned it before. 😀

Hmmmm. Yes, the land at Carrow Road is worth a lot but taking down the buildings would be incredibly expensive. And if you've been to Reading or Coventry you'll see the downside to moving to the sticks. 

[dylanisabaddog 4,918]

49 minutes ago, Robert N. LiM said:

Are we sure it's not Fabio Capello?

Looks more like my dentist😱

[ricardo 7,385]

19 minutes ago, A Load of Squit said:

A new stadium on the Broadland business park with it's own railway station is the obvious answer, can't believe no-one mentioned it before. 😀

Thank you Tom Cavendish. A new home on the Bacon, Lettuce and Tomato Triangle is all we could wish for.

[king canary 7,605]

1 minute ago, ricardo said:

Thank you Tom Cavendish. A new home on the Bacon, Lettuce and Tomato Triangle is all we could wish for.

Peppercorn rent anyone?

[dylanisabaddog 4,918]

53 minutes ago, PurpleCanary said:

With respect 1902, you don't have to sell out the capacity for such a project to be financially profitable in the long run. The South Stand was doubled from 4,000 to 8,000 but if, say, only 3,000 of those extras seat had been sold, season in, season out, since the expansion that would by now have more than paid for the cost of the building.

I agree with GPB about the potential boon a revamped and expanded City Stand would be, although I am not sure an extra 7,000 seats is justified.

I've said this before on other threads but borrowing the money to extend the City Stand would mean we had to sell 90% of all seats for 20 years before we paid off the loan. If it hadn't been for Covid we could have done it now with limited borrowing but the simple fact is that we derive 90% of our income from TV.  I strongly agree that it needs doing but have a look down the road to see what happens if you risk borrowing to do it. 

[Drinkellsrightfoot 1]

These guys will want a return on their investment, very much like Burnley. and only this week most people on here were saying how in the 5hit they will be next year with loan repayments. This could go very very wrong and leave us in a worse state than we are now.

[1902 1,167]

56 minutes ago, PurpleCanary said:

With respect 1902, you don't have to sell out the capacity for such a project to be financially profitable in the long run. The South Stand was doubled from 4,000 to 8,000 but if, say, only 3,000 of those extras seat had been sold, season in, season out, since the expansion that would by now have more than paid for the cost of the building.

I agree with GPB about the potential boon a revamped and expanded City Stand would be, although I am not sure an extra 7,000 seats is justified.

A very fair point. I probably badly phrased that, I mean would the investment pay off if we have periods in the second division with lower attendance.

[Nora's Ghost 157]

2 hours ago, canarydan23 said:

Exactly, I mean, without Norwich City she'd never have sold millions of copies of books. Even in the 70s when her first book became a bestseller, it's only because people knew she was going to buy Norwich City in 20 years time.

Along comes another one with a mother fixation.

 

 

 

 

 

[PurpleCanary 5,557]

5 minutes ago, dylanisabaddog said:

I've said this before on other threads but borrowing the money to extend the City Stand would mean we had to sell 90% of all seats for 20 years before we paid off the loan. If it hadn't been for Covid we could have done it now with limited borrowing but the simple fact is that we derive 90% of our income from TV.  I strongly agree that it needs doing but have a look down the road to see what happens if you risk borrowing to do it. 

I agree, but I don’t envisage having to borrow all the money. 

[hertfordyellow 460]

23 minutes ago, Ken Hairy said:

You do realise the best way for these investors to make money is for the club to be successful? Not much money being made out of ****e clubs, ask the Ipswich pension fund

How successful are their other franchises?

[Ken Hairy 3,772]

5 minutes ago, Drinkellsrightfoot said:

These guys will want a return on their investment, very much like Burnley. and only this week most people on here were saying how in the 5hit they will be next year with loan repayments. This could go very very wrong and leave us in a worse state than we are now.

Burnley example is not relevant, they purchased the club the same way the Glaziers did United by leveraging debt onto the club, not a cat in hells chance Delia and Winnie allow that to happen. 

So again I repeat, the best way for them to make a profit on their buck is success. 

[1902 1,167]

1 minute ago, dylanisabaddog said:

I've said this before on other threads but borrowing the money to extend the City Stand would mean we had to sell 90% of all seats for 20 years before we paid off the loan. If it hadn't been for Covid we could have done it now with limited borrowing but the simple fact is that we derive 90% of our income from TV.  I strongly agree that it needs doing but have a look down the road to see what happens if you risk borrowing to do it. 

Agreed but there's a problem of an ageing Carrow Road, watching football is a habit and I'm a little concerned that we may find there's a problem if families and young people find it hard to get tickets in the next few years 

[PurpleCanary 5,557]

7 hours ago, shefcanary said:

No way, la. Good digging.

I was encouraged though that as well as his sons he did bring 4 advisers, interesting two were on the operational side! 

I may not be getting off my hobby horse yet. 

But we could end up with two families at war!  What a soap opera that would make. 😆

My post was so plausible it seems a couple of posters took it seriously/thought it was genuine! To be serious, I agree about the make-up of the delegation. And I assume if whatever the deal is goes ahead that Attanasio will want a place or two or three on the board.

[Ken Hairy 3,772]

1 minute ago, hertfordyellow said:

How successful are their other franchises?

Very successful according to the comments on the Brewers forum that was linked here somewhere. 

We also need to remember he's not doing this on his own, another member is worth $115million, and he's involved in business's worth $23 billion. 

Delia, for all I've criticised her ambitions would not allow us to be sold to Burnley style owners.