have norwich spoken to sullivan..??

[singing canary 0]

Along with David Sullivan, Gold has been linked with several clubs in recent months including the Canaries, and although he refused to name the clubs involved he did confirm that none were in the Premier League.

Speaking to yesterday''s Mail on Sunday, Gold said:

''I''ve talked to three lots of people asking me to join their clubs but I have made no decision yet.

''What I will say is that I intend being back sooner rather than later.''

The paper speculated that Crystal Palace could be one of the clubs in the frame, but it would appear Cardiff City are out.

The Bluebirds had also been linked with investment from Gold or Sullivan, but chairman Peter Ridsdale said yesterday that he is expecting Malaysian businessman Dato Chan Tien Ghee to buy into the club in the next few weeks.

[Inch High aka Inchy.. 417]

She will not sell, we all know it so there''s no point hoping otherwise.[:(]

[First Wizard 0]

Smith will never budge, we''re stuck with her until...............

[Beauseant 0]

Gold made it very clear in a recent interview that he had no interest in going north of Watford, which would seem to rule us out.

[First Wizard 0]

[quote user="Beauseant"]Gold made it very clear in a recent interview that he had no interest in going north of Watford, which would seem to rule us out.[/quote]

Are we not east..ish of Watford though?

[Ian 1,211]

[quote user="First Wizard"]

[quote user="Beauseant"]Gold made it very clear in a recent interview that he had no interest in going north of Watford, which would seem to rule us out.[/quote]

Are we not east..ish of Watford though?

[/quote]How far north do you think Watford is Wiz?!?!

[Yellow Hotrod 0]

A little bit OT but...I noticed last night that Sullivan makes an amusing appearance on the hilarious and outrageous 90''s spoof news show ''Brasseye'', if any of you are fans of that. He''s on at the very end of the ''crime'' episode, but the whole episode is brilliant so don''t bother fast forwarding. Vanessa Feltz''s contribution is so good! Watch it on channel 4''s website, I think they have them all inc. the infamous ''paedophilia'' one. Chris Morris know''s no fear - very funny stuff.

[Puzzy magnet 0]

The EDP webchat last week somehow failed to ask this question, which was amazing.

Despite Bowkett saying that Michael and Delia are "aligned to the idea of a change of ownership"; I am not convinced they want to sell. I spoke to them recently in a pub before a game, and they love it as much as ever.

The only way we will get new owners is post-administration; which will come, eventually.

 

[First Wizard 0]

[quote user="I.S."][quote user="First Wizard"]

[quote user="Beauseant"]Gold made it very clear in a recent interview that he had no interest in going north of Watford, which would seem to rule us out.[/quote]

Are we not east..ish of Watford though?

[/quote]

How far north do you think Watford is Wiz?!?!
[/quote]

Up here IS we''re Eastish of everyone![:S]

[CanaryPurple 0]

Beauseant''s right about Gold''s "not north of Watford" stipulation,

although he may have been using the term metaphorically rather than

strictly geographically. But Sullivan has said no such thing.

There is an assumption that Sullivan and Gold would stay as a

partnership and buy one club. However they might separate and buy one

each.But supposing they do stick together. Both have said they

definitely want to find a club to buy. It is not as if there are dozens

of potential clubs out there. If Sullivan, who is the younger by 12

years, is happy with Norwich then Gold''s geographical aversion might go by

the wayside.

[nutty nigel 7,902]

So how does it work if she does sell? What happens to our debt? Does Mr Sullivan just come along and pay it off for us in an act of unheard of benevolence? What would his family make of that? Sullivan giving away their inheritance to a load of ungrateful fans who will be calling for his head if it all goes wrong. Maybe he just gives us their inheritance to buy a load of greedy footballers and watch them spend it? I wonder how the Turners family felt about the fruits of their 2m "investment".

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

 

 

[Puzzy magnet 0]

[quote user="nutty nigel"]

So how does it work if she does sell? What happens to our debt? Does Mr Sullivan just come along and pay it off for us in an act of unheard of benevolence? What would his family make of that? Sullivan giving away their inheritance to a load of ungrateful fans who will be calling for his head if it all goes wrong. Maybe he just gives us their inheritance to buy a load of greedy footballers and watch them spend it? I wonder how the Turners family felt about the fruits of their 2m "investment".

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

 

 

[/quote]

So taking Brum from the 3rd division to the Prem, overhualing their stadium, and building them a new training ground was a stitch-up job was it?

And we are "lucky" why? Last time I checked we were two divisions below Birmingham. Inm div 3 for the first time in 50 years. If this is lucky I''d hate to see unlucky pal.

 

 

[nutty nigel 7,902]

[quote user="Puzzy magnet "][quote user="nutty nigel"]

So how does it work if she does sell? What happens to our debt? Does Mr Sullivan just come along and pay it off for us in an act of unheard of benevolence? What would his family make of that? Sullivan giving away their inheritance to a load of ungrateful fans who will be calling for his head if it all goes wrong. Maybe he just gives us their inheritance to buy a load of greedy footballers and watch them spend it? I wonder how the Turners family felt about the fruits of their 2m "investment".

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

 

 

[/quote]

So taking Brum from the 3rd division to the Prem, overhualing their stadium, and building them a new training ground was a stitch-up job was it?

And we are "lucky" why? Last time I checked we were two divisions below Birmingham. Inm div 3 for the first time in 50 years. If this is lucky I''d hate to see unlucky pal.

 

 

[/quote]

I didn''t say it was a stitch up job did I?

Football clubs sooner or later are going to have to be sustainable.

And I do believe we are lucky to have an owner who cares for the club.

Unlucky pal??? [*-)]

 

[Lurd 0]

Our chairman said this last week..

"Alan, you mentioned that you''ll be searching high and low for investment as and when it is appropriate for the football club - do you believe NCFC has burnt its bridges with Peter Cullum as a potential investor/new owner?

Alan Bowkett:

In answer to Tim''s question - I am willing to take phone calls from any bona-fide new investor or potential new owner, including Peter, and, apart from excluding the innumerable lap-dancing club owners that would like to own a bauble of a football club this week, I am willing to arrange meetings as well."

 

[:S]

[The Butler 0]

Nutty commented

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

So let me see the debt at our club is now less than when they took over?

That''s certainly careing! God help us if they hadn''t. Look what a mess we could have been in

[Puzzy magnet 0]

[quote user="The Butler"]

Nutty commented

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

So let me see the debt at our club is now less than when they took over?

That''s certainly careing! God help us if they hadn''t. Look what a mess we could have been in

[/quote]

Yep, with Delia we''d probably be in division three now on the verge of administration...oh, hang on.

Lucky indeed.

I don''t doubt that they care, but they should have gone, long, long ago. Not even talking to Sullivan, as I am sure we haven''t, is a joke.

[nutty nigel 7,902]

[quote user="The Butler"]

Nutty commented

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

So let me see the debt at our club is now less than when they took over?

That''s certainly careing! God help us if they hadn''t. Look what a mess we could have been in

[/quote]

I don''t understand the point you are trying to make Butler.

 

[nutty nigel 7,902]

[quote user="Puzzy magnet "][quote user="The Butler"]

Nutty commented

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

So let me see the debt at our club is now less than when they took over?

That''s certainly careing! God help us if they hadn''t. Look what a mess we could have been in

[/quote]

Yep, with Delia we''d probably be in division three now on the verge of administration...oh, hang on.

Lucky indeed.

I don''t doubt that they care, but they should have gone, long, long ago. Not even talking to Sullivan, as I am sure we haven''t, is a joke.

[/quote]

I don''t believe we are on the verge of administration either.

 

[Puzzy magnet 0]

"I don''t believe we are on the verge of administration either."

You have your head in the sand then. Reading between the lines of what McNally has said, we will go bust if we don''t go up this year. Simple as that.

If this year''s accounts ever got signed off you''ll see how bad things are.

[nutty nigel 7,902]

Bolton are the latest club to announce huge losses. They lost over 13m last year which was over 50% up on the 8m they last the previous season. Their debt is now close to 65m and that''s after many seasons in the "Promised Land"

 

Burnden Leisure has debts of £64m but is propped up by loans from club owner Eddie Davies, who made his fortune from kettle thermostats and is based on the Isle of Man.

 

The fans are still not happy though. They see a club that has made millions on transfers in the last couple of seasons. "Where''s the money gone??" You hear them cry!

 

Just more and more debt. People think that the riches of the Premier League can make clubs sustainable but nothing could be further from the truth. Debt in whatever form is still debt. Football makes big money but most of the money leaves the game. When football didn''t make so much money it was sustainable because the money stayed in the game. This was how clubs like ours survived.

 

To understand this you have to understand the changes in the game. Phrases like us being at our lowest level for 50 years are meaningless in this context. We used to compete because we could use the transfer market to finance our club. Now you can only compete getting outside investment and associated debt because the money made in football is going out of the game. I started a thread about this a few weeks ago but the usual suspects put their fingers in their ears "we''re not listening"[:''(]

 

It will all end in tears and they won''t be ours.

 

[Canary Man of Kent 0]

[quote user="Puzzy magnet "]"I don''t believe we are on the verge of administration either."

You have your head in the sand then. Reading between the lines of what McNally has said, we will go bust if we don''t go up this year. Simple as that.

If this year''s accounts ever got signed off you''ll see how bad things are.[/quote]

 

The accounts aren''t due to have been signed off yet, so give up trying to insinuate that there is some kind of problem with them.

[Inch High aka Inchy.. 417]

[quote user="nutty nigel"]

Bolton are the latest club to announce huge losses. They lost over 13m last year which was over 50% up on the 8m they last the previous season. Their debt is now close to 65m and that''s after many seasons in the "Promised Land"

 

Burnden Leisure has debts of £64m but is propped up by loans from club owner Eddie Davies, who made his fortune from kettle thermostats and is based on the Isle of Man.

 

The fans are still not happy though. They see a club that has made millions on transfers in the last couple of seasons. "Where''s the money gone??" You hear them cry!

 

Just more and more debt. People think that the riches of the Premier League can make clubs sustainable but nothing could be further from the truth. Debt in whatever form is still debt. Football makes big money but most of the money leaves the game. When football didn''t make so much money it was sustainable because the money stayed in the game. This was how clubs like ours survived.

 

To understand this you have to understand the changes in the game. Phrases like us being at our lowest level for 50 years are meaningless in this context. We used to compete because we could use the transfer market to finance our club. Now you can only compete getting outside investment and associated debt because the money made in football is going out of the game. I started a thread about this a few weeks ago but the usual suspects put their fingers in their ears "we''re not listening"[:''(]

 

It will all end in tears and they won''t be ours.

 

[/quote]Can''t argue with that Nutty but sadly it''s the way football is nowdays. I disagree with you on administration as I believe this is our make or break season on that score. I believe if we fail to gain promotion this season then administration is likely. Now back to the investment thing, if we are going to compete at even championship level then new investment/owners are a must and unfortuntly debt comes as part of the package in the game in this day and age. You have 2 choices, do you muddle on(Delias words) and eventually end up in administration and probable new owners who will eventually want some return(debt) or do you sell up to new owners before administrration and again end up in debt. It''s a fact of the game now and if it does all end in tears then we''ll be in some very good company(Man u,Chelsea etc,etc,etc). Norwich city fc will never be self sustaining, we have a full house at almost every home game and yellows etc around the ground but still make massive losses. Investment and associated debt I''m afraid are a necesary evil.

[The Butler 0]

Nutty Nigel:-

Phrases like us being at our lowest level for 50 years are meaningless in this context.

No they are not meaningless. We are in the third division and it''s got nothing to do with money. You have said so on numerous posts.

You said it was bad signings and bad management. Please make your mind up.

The money being played with in the prem by the Billionairs does not even register at their level.

Less than the tax bill, written off against.........etc etc.

Different world from you and me.(unless you are charging more than 5p a line on the bingo[;)])

Our Russian friend spent 29K on a 90 min lunch (mostly booze) so the odd million loss here or there does not touch his daily interest.

Sanity will eventually reign (we hope) but I would hate to see our club then trying to climb from the Blue Square.

Missmanagement is at the root of our problems (hopefully being put right) Both on and off the field.

A few more million from someone MIGHT ease the pain of climbing the leagues again, but that is not going to happen is it!

We lost our opportunity when Chase gambled and lost and the devious duo bought the casino cheap. Now their luck has run out.(perhaps getting rid of the "lucky" shamrock has back fired!)

 

[BlyBlyBabes 0]

[quote user="The Butler"]

Nutty commented

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

So let me see the debt at our club is now less than when they took over?

That''s certainly caring! God help us if they hadn''t. Look what a mess we could have been in

[/quote]

[:)]

http://www.youtube.com/watch?v=UGAUTADn47U

OTBC

 

 

 

 

 

 

 

 

 

 

 

[7rew 0]

To answer the actual question: "have norwich spoken to sullivan..??"

The answer is that we don''t know, and we won''t know, EVER. Even if he takes over we won''t find this out, just guess at it happening.

If he doesn''t take over, for whatever reason, the answer will of course still be unknown.

[The Butler 0]

[quote user="BlyBlyBabes"][quote user="The Butler"]

Nutty commented

You see I''m not convinced these people who buy football clubs to anything more than rack up more debt. We are lucky that we have an owner who cares for our club. I believe Wigan are also lucky with their owner. But these people are few and far between in this game.

So let me see the debt at our club is now less than when they took over?

That''s certainly caring! God help us if they hadn''t. Look what a mess we could have been in

[/quote]

[:)]

http://www.youtube.com/watch?v=UGAUTADn47U

OTBC

 

 

 

 

 

 

 

 

 

 

 

[/quote]

That''s obscure even for your mind BBB[:)]

[nutty nigel 7,902]

[quote user="IncH_HigH"][quote user="nutty nigel"]

Bolton are the latest club to announce huge losses. They lost over 13m last year which was over 50% up on the 8m they last the previous season. Their debt is now close to 65m and that''s after many seasons in the "Promised Land"

 

Burnden Leisure has debts of £64m but is propped up by loans from club owner Eddie Davies, who made his fortune from kettle thermostats and is based on the Isle of Man.

 

The fans are still not happy though. They see a club that has made millions on transfers in the last couple of seasons. "Where''s the money gone??" You hear them cry!

 

Just more and more debt. People think that the riches of the Premier League can make clubs sustainable but nothing could be further from the truth. Debt in whatever form is still debt. Football makes big money but most of the money leaves the game. When football didn''t make so much money it was sustainable because the money stayed in the game. This was how clubs like ours survived.

 

To understand this you have to understand the changes in the game. Phrases like us being at our lowest level for 50 years are meaningless in this context. We used to compete because we could use the transfer market to finance our club. Now you can only compete getting outside investment and associated debt because the money made in football is going out of the game. I started a thread about this a few weeks ago but the usual suspects put their fingers in their ears "we''re not listening"[:''(]

 

It will all end in tears and they won''t be ours.

 

[/quote]

Can''t argue with that Nutty but sadly it''s the way football is nowdays. I disagree with you on administration as I believe this is our make or break season on that score. I believe if we fail to gain promotion this season then administration is likely. Now back to the investment thing, if we are going to compete at even championship level then new investment/owners are a must and unfortuntly debt comes as part of the package in the game in this day and age. You have 2 choices, do you muddle on(Delias words) and eventually end up in administration and probable new owners who will eventually want some return(debt) or do you sell up to new owners before administrration and again end up in debt. It''s a fact of the game now and if it does all end in tears then we''ll be in some very good company(Man u,Chelsea etc,etc,etc). Norwich city fc will never be self sustaining, we have a full house at almost every home game and yellows etc around the ground but still make massive losses. Investment and associated debt I''m afraid are a necesary evil.
[/quote]

Good post Inchy. And thanks for recognising the points I was making.

I guess we don''t know about administration but our club is run extremely well compared to others. From what I understand administration is usually the result of being unable to pay Inland revenue demands. Clubs have often had such serioius cash flow problems that they are even unable to pay players wages. We could be at that point but I honestly don''t think we are. Our major debt is an external securitisation loan and it''s not really in that company''s interest to send the club into administration. Surely by doing so they would be accepting just 5p in the pound for their trouble. We own assets that other clubs could only dream of. I would have thought you''d see these assets sold, even at reduced prices, before administration comes knocking. But I''m no financial expert apart from the price of toilet ducks and bingo books so maybe some of the experts on here will put me right.

We don''t really have those two choices do we? The only choice we really have is to muddle along unless someone comes forward to invest now. That''s highly unlikely though. We wouldn''t have been as attractive proposition for the marcus Evans types would we? No way would he have been able to buy our debt for 20p in the pound. As far as I''m aware our creditors are still being paid the full amount so they "won''t be having a sale" anytime soon!

Norwich City, and all football clubs surely have to aim to be sustainable. The alternative is their death. I''m fed up with reading about the rich people who could invest in our club. People who have no interest in Norwich City Football Club whatsoever. Many fans think these people are going to give the club millions out of the goodness of their hearts. Why would they? What would their families make of them giving 25,000 strangers the inheritance they have their beady little eyes on? Others think that the investment is being made as a kind of loan that can be repaid when the club reaches the promised land. Again that''s cloud cuckoo land. All the clubs that reach the promised land get into even more debt and come out in a worse mess than they went in.

If you continually stack your credit card to live beyond your means eventually you will lose everything. Football clubs are no different.

 

[Puzzy magnet 0]

[quote user="7rew"]To answer the actual question: "have norwich spoken to sullivan..??" The answer is that we don''t know, and we won''t know, EVER. Even if he takes over we won''t find this out, just guess at it happening. If he doesn''t take over, for whatever reason, the answer will of course still be unknown.[/quote]

I think if he takes over we can be fairly sure we did speak to him; unless the negotiations were completed by smoke signal.

But she does not want to sell for a reasonable price anyway, so may as well forget about it. When I say reasonable price, I mean £0.

[BlyBlyBabes 0]

[quote user="The Butler"]

Nutty Nigel:-

Phrases like us being at our lowest level for 50 years are meaningless in this context.

No they are not meaningless. We are in the third division and it''s got nothing to do with money. You have said so on numerous posts.

You said it was bad signings and bad management. Please make your mind up.

The money being played with in the prem by the Billionairs does not even register at their level.

Less than the tax bill, written off against.........etc etc.

Different world from you and me.(unless you are charging more than 5p a line on the bingo[;)])

Our Russian friend spent 29K on a 90 min lunch (mostly booze) so the odd million loss here or there does not touch his daily interest.

Sanity will eventually reign (we hope) but I would hate to see our club then trying to climb from the Blue Square.

Missmanagement is at the root of our problems (hopefully being put right) Both on and off the field.

A few more million from someone MIGHT ease the pain of climbing the leagues again, but that is not going to happen is it!

We lost our opportunity when Chase gambled and lost and the devious duo bought the casino cheap. Now their luck has run out.(perhaps getting rid of the "lucky" shamrock has back fired!)

[/quote]

[Y]

OTBC

 

[Jim Smith 2,610]

[quote user="7rew"]To answer the actual question: "have norwich spoken to sullivan..??" The answer is that we don''t know, and we won''t know, EVER. Even if he takes over we won''t find this out, just guess at it happening. If he doesn''t take over, for whatever reason, the answer will of course still be unknown.[/quote]

Why does nobody ever ask the right bl**dy questions then. Whether or not Sullivan comes up with an offer for the club that is acceptable or not is a different issue to the question posed here and it was the question that most needed asking and answering during the Cullum episode as well. The point is we are being told that we are "actively seeking investment" or hunting high and low for any investor but when Doncaster/MWJ/Delia and now Bowkett are ever asked a question relating to investment or takeovers it is noticeable how carefully they chose their words "i am willing to pick up the phone to anyone who makes an approach,"  "we have never had an offer" etc. They always use the phrase "investment" rather than saying the club is up for sale.

I have said it before but Sheepshanks wrote letters to more than 40 potential investors/new owners practically begging them to come in and buy the club. Whilst marcus Evans may not be to most of our tastes they got an investor out of it. That is actively seeking investment. We are told we have Keith Harris on the case but have never been told what his brief is. Frankly his appearance on the scene on the eve of a potentially stormy AGM was all a bit convenient. Interestingly the same Keith Harris is a director of Cardiff City who have just found an investor. I wonder who it was who found him for them? Conflict of interest do you think?

All i wanted someone to ask during Cullumgate was have you met with Peter Cullum to see if a deal could possibly be worked out for him to become involved and if not, why not? What I would like to know now is have we as a club made any sort of approach either David Gold or David Sullivan to see if one or other of them may be interested in becoming involved in any capacity. If not then in our position it tells you all you need to know about the chances of this club being taken over.