Peter Etherington

[Jantje]

Do you think PE genuinely sees a good business opportunity in backing City or is there other motives behind his moves? No sedret agenda here, just a genuine question:confused: :confused: :confused:

[king billy]

I think he has ambition and see's a way to make money out of City, he's not doing it for the love of the club - he also IMO of course seems the egotistical type who is probably seduced by the thought of being in the limelight and running the club - JR certainly won't stand in his way as far as thats concerned...:eek:
I don't have a problem with any of the above in the slightest, if anything its probably what this club requires!! If he walks away from City with a hundred million squid i'd be over the moon - because at the end of the day he will have brought us success....tup:

[Devil's Advocate]

Investing in football clubs to make money?:eek:

That is an interesting thought, file under "bullshit". I doubt it is to make money, and if so it is a highly risky investment. The only way I can see the Club making money is if they buy the ground back cheap, move to a share at Odsal and sell VP to developers, and even then I doubt the land would be worth much as it is at the mo.

I think it may be a power-trip thing, if you had the money wouldn't you fancy owning or part-owning your own football club.

Tell you one thing he could do for us - convince his son that we are a decent prospect and that he should move oop north and play for us! That would solve our left-sided problems!

[Yeadon Bantam]

its a shame i didnt win euromillions, 50million quid would have been thrown at city and i would own it by now telling rhodes and every member of staff at vp to sling it, with payoffs, except etherington and maybe some other staff!

I would have also wanged 7 million at GAFC, new stadium, good players and a rise to ocnference and winning the Vase trophy again! owning 2 succesful clubs would be great, dreaming again, but who hasnt dreamt of saving their own club by winning the euromillions rollovers at 125 million nicker?

[Ed]

You can only own 1 club.

[Jantje]

I like the bit about getting Matty Etherington to sign. Didn't JR say in his prog notes on Saturday that the likely situation is that he will remain as Chairman and PE will be titled Chief Executive for what titles are worth , if its a 50/50 split in ownership. For every deal he does for City, he gets a % so obviously its in his best interests to work his nads off which will also benefit the club

[Devil's Advocate]

You can only own 1 club.

He'll be a non-exec at Guisely then!

[Yeadon Bantam]

Does it count for non league clubs?

[Ed]

Does it count for non league clubs?

Yes as it's governed by the FA.

[Yeadon Bantam]

Fairy Nuff, but i can still take a backseat as a "Wealthy Supporter"

[king billy]

Investing in football clubs to make money?:eek:

That is an interesting thought, file under "bullshit". I doubt it is to make money, and if so it is a highly risky investment. The only way I can see the Club making money is if they buy the ground back cheap, move to a share at Odsal and sell VP to developers, and even then I doubt the land would be worth much as it is at the mo.

I think it may be a power-trip thing, if you had the money wouldn't you fancy owning or part-owning your own football club.

Tell you one thing he could do for us - convince his son that we are a decent prospect and that he should move oop north and play for us! That would solve our left-sided problems!

Bit naive there Mark, and btw - "bullshit"?....:mad: I offered an opinion which is all you've done too.....i'm perfectly aware that owning a football club is hardly a booming market - but the guys a businessman who has no real reason to be here, and who as far as i'm aware hasn't got millions stashed in the bank - i doubt he'd get so deeply involved just for his face in the T&A - he has inside knowledge and had an agreement when commercial/marketing manager that he got paid a certain percentage of profits - if you ask me he's seen an area in the club where he can make some coin and rather than take a piddly percentage fancies more......just an opinion like!!....

[Devil's Advocate]

Bit naive there Mark, and btw - "bullshit"?....:mad: I offered an opinion which is all you've done too.....i'm perfectly aware that owning a football club is hardly a booming market - but the guys a businessman who has no real reason to be here, and who as far as i'm aware hasn't got millions stashed in the bank - i doubt he'd get so deeply involved just for his face in the T&A - he has inside knowledge and had an agreement when commercial/marketing manager that he got paid a certain percentage of profits - if you ask me he's seen an area in the club where he can make some coin and rather than take a piddly percentage fancies more......just an opinion like!!....

Fair enough, dude, wasn't having a go, just that many people, more informed and knowledgable than me on the issue, would argue you don't invest in football clubs to make money. If he has secured a deal whereby he is paid profit for returns re commerce and marketing then well done to him, but that means that he is getting reward and it isn't going back into the Club to fund development, so we can't complain when there is no money in the kitty to up the wages bill or buy a player!

I think he sees an opportunity as you say and I suppose, if there is a reasonably decent business plan (probably not written), then it could offer some short-term reward but I doubt it offers long-term.

Good luck to him. I'm surprised none of the Steering Committee have jumped on board with him.

[Mallorcabantam]

I'm surprised none of the Steering Committee have jumped on board with him.
Maybe this is where the third investor is hideing?

[ChuckleBantam]

Maybe this is where the third investor is hideing?

I'd bet money it is :)

[Parrot]

PE sees the same "sleeping giant" that atrracted GR to this club & will no doubt have the same intention, make us successful, make money;)
It's hardly rocket science, invest £2.5m, City get promoted to the Championship, sells his share for £5m, or hang on until we reach the Prem:rolleyes: & sell for £8m!
If we sack Turd & get a competant manager, IMO we would walk this division its that pish poor:( , looks like PE has seen how ordinary this division is & sees an opportunity that any buisness man wouldtup:
Good luck to him & may City be successful in the near futurejump:

[Devil's Advocate]

PE sees the same "sleeping giant" that atrracted GR to this club & will no doubt have the same intention, make us successful, make money;)
It's hardly rocket science, invest £2.5m, City get promoted to the Championship, sells his share for £5m, or hang on until we reach the Prem:rolleyes: & sell for £8m!
If we sack Turd & get a competant manager, IMO we would walk this division its that pish poor:( , looks like PE has seen how ordinary this division is & sees an opportunity that any buisness man wouldtup:
Good luck to him & may City be successful in the near futurejump:

Aye, but look at the fallout from taking the "8mill" in dividends! Whether it was right or not the Club suffered dramatically from the dramatic rise and the dividend payout. So I wouldn't be looking for PE to go on an investment spree to get instant success - self-sustainability has to be key otherwise we will be punching above our weight all over again, and if it's a loan, on borrowed money again! Remember the lease companies and fixtures and fittings and all that.....

(PS soz if I have inadvertently dragged this thread into a GR debate again, not the intention, merely pointing out if the Club cannot balance its books without constant bankrolling from sugar-daddy Chairmen and Chief Execs it is at risk of going exactly the same way it has done over the last 6 years, I would want PE to use his skills in commerce and marketing to ensure that income exceeds expenditure no matter what division we are in and then look to see if controlled investment can bring success)

[eurobantam]

It is possible to make money out of football as an owner, David Conn names 34 owners who have made over £660 million between them since the early 1990's. Remember that nonce Martin Edwards tried to sell his share of ManU to Michael Knighton for £10 million, his dad paid less than millionn for it. When he eventually sold the last of his shares he had made over £100 million. The Halls and Freddie Shepherd have done alright at newcastle as well.
That said, I dont know what PE's strategy is but i should imagine its a bit more sophisticated than just trying to get us promoted than selling his stake. The success of the business space scheme shows that he is looking to generate revenue that is not dependent on on the pitch success. Thats a hard trick to pull off, but a few clubs have managed it and i wish him well with it and if he is able to make us, and himself a few quid, good luck to him.

[briggus]

Bit naive there Mark, and btw - "bullshit"?....:mad: I offered an opinion which is all you've done too.....i'm perfectly aware that owning a football club is hardly a booming market - but the guys a businessman who has no real reason to be here, and who as far as i'm aware hasn't got millions stashed in the bank - i doubt he'd get so deeply involved just for his face in the T&A - he has inside knowledge and had an agreement when commercial/marketing manager that he got paid a certain percentage of profits - if you ask me he's seen an area in the club where he can make some coin and rather than take a piddly percentage fancies more......just an opinion like!!....
As I understand SPF is correct - very few people who put money into a club make money - GR one of the few? The Rhodes fthar and son did but put it back in.

[Macca Ha Ha Ha]

commercially strong people with business acumen stand a much higher chance of achieving their goal ( profits ) , the stats prove this out.
I'm happy for anyone to make money as long as the club is profitable and a success on the field of play as well .