Possible Coventry Takeover

[The Judge 0]

I read with interest some of the comments made by the "billionaire" that is in discussions with Coventry over a possible take-over and would be interested in peoples views.

Two quotes from him are;" I''m a film maker and football is not my first love but apparently its a fine club" and, "I''m told its a sleeping giant and a good opportunity, so we are talking".

From these statements it is clear that this guy knows nothing about Coventry City at all and does even think too much of football, however it is clear that he wants to invest in football clubs (he already has stakes in other clubs). He more than likely has people work in the UK looking for potential investment opportunities in Football and these people have recommended Coventry to him.

Based on Delia''s / our board''s previous comments we would not even entertain the thought of this "billionaire" investing in Norwich. It also further rubbishes their comments about no-one wanting to invest in Championship football clubs.

Do you as supporters of NCFC think we should be looking to talk to these type of investors ?

My opinion (for what its worth) is absolutely YES. Football is a money game and it is those with money that 99 times out of 100 succeed. If the Turners do indeed deal out the cash we all hope they have, then great, if not we need to get it from somewhere.

The foundations are there at this point in time for someone to take this club to the next level. i.e. the infrastructure (for which the current board need to be recognised) and I believe the management team. But do you believe that the current board have the cash and ambition to do it ?

 

 

[James Kent 0]

I couldn''t disagree with you more, we do not want to sell our club to any one who has a few pounds.  For me I am all for investment, but it has to be right and it has to be people who are passionate about Norwich City.  I sometimes wonder if these people will ever really donate big money into the clubs, all they looking to do is to make money.  Honestly I don''t think Ipswich will see much of this 12 million trasnfer budget.  Besides lets give the turners a chance to show what they got.

[blahblahblah 2]

Could it be that Coventry, with their imminent administration about to wipe their debts away, and with a board of directors looking for a way out, are available on the cheap ?I think we already have our future majority shareholders on the board of directors.  I also believe that they trust Glenn Roeder, and will splash the cash in January.  It may only be December 11th, but I think we''ve had our longest night.

[Jonnyboy 0]

As much as I would hate to see a foreign investment, I don''t believe we will get out of the Championship without it.

I hope to god the Turners come in with some investment. If we could give Roeder £5 - £10m I believe with his contacts and knowledge / eye for players we would challange next season.

How many managers can bring in 5 loan signings that gel so perfectly with the team?!

Give him the money and confidence in January and I think we will be sniffing playoffs by summer.

[a1canary 0]

I think though we need to make the distinction between abramovich at chelsea, hicks at liverpool, learner at villa etc and what is happening at some championship clubs. First of all, look at the Championship clubs attracting investment interest:CoventryCardiffSaintsIpswichWhat do they all have in common? They''re all in deep deep financial do-do! To the extent that, probably with the exception of the binners, they would be in administration come the end of the season without new investment. So we''re not talking mega premier league style take-overs - these people are more akin to vultures circling over a carcass! And what are they attracted by? Not massive crowds or massive premeir league tv reveneue. They''re attracted by the prospect of  ''owning'' massive debts, that will be owed to them for a far lower price than the total cost of the debt. As city1st has already pointed out, our friend mr evans down the a140 has aquired the binner''s debt for £6m. This is what debt collection companies do. They acquire bundles of customer''s defaulted debts from the banks, credit card companies, utilities companies etc for a comparatively small amount, then go hell for leather after the people that owe them. They may have paid say £10m for £100m worth of debt and in the end get back £50m of it. Very lucrative! We can only speculate about how these people acquiring football club debts are going to behave, but you can see straight away that in most cases their first priority is not the club itself. It is in their interest to see the club successful, but you wonder that should one of these clubs make it to the premier, how much of the associated windfall is going to go straight in to the coffers of these people?