time for a buy out if we want to stay put.

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cricketfieldclarets
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Re: time for a buy out if we want to stay put.

Post by cricketfieldclarets » Tue Dec 31, 2019 12:51 am

dsr wrote:
Tue Dec 31, 2019 12:49 am
What's the point of getting an investor who wants to take money out? Surely the investor that's worth having is the investor that puts money in.
You can do both. That's how investing works.
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Chester Perry
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Re: time for a buy out if we want to stay put.

Post by Chester Perry » Tue Dec 31, 2019 1:16 am

dsr wrote:
Tue Dec 31, 2019 12:49 am
What's the point of getting an investor who wants to take money out? Surely the investor that's worth having is the investor that puts money in.
That is Philanthropy not investment
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AfloatinClaret
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Re: time for a buy out if we want to stay put.

Post by AfloatinClaret » Tue Dec 31, 2019 2:32 am

COBBLE wrote:
Mon Dec 30, 2019 11:45 pm
...Several of our current board members...have limited understanding of today's, let alone tomorrow's world, and have no value to add.
That opinion's based on what exactly? Given where BFC were when they took charge and where BFC are now, that to me would suggest that the current board have a good understanding of what's required, have added substantial value to the club and done so I understand without levying any charge for their investment or services? I doubt any incoming investor's going to give us a better deal.

superdimitri
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Re: time for a buy out if we want to stay put.

Post by superdimitri » Tue Dec 31, 2019 6:00 am

The board may not take a wage but they take interest from money they have loaned the club, if not now, but in the past.

It's by no means a charity and that's clearly evident from our reluctance to spend as much as we can afford with wages and transfer budgets...and is only further reinforced by the fact accounts aren't released until the last minute and that there's no AGM.

I know there's lots of people who have shares in the club, but I think it would be foolish to think the board members get nothing out of their positions. Being on a wage is just one way of being paid..

I think shrewd investment is a possibility if done right. I think a change of ownership however could be disastrous, so if we were to attract some investment I'd prefer they were kept as minority shareholders so we don't end up owned by someone similar to that Everton guy..

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