ClaretPete001 wrote: ↑Mon Aug 12, 2024 2:28 pmHaven't seen it yet . I have Now TV but is says it is On Demand for a week or so. I guess it will come on shortly or I'll have a faff and find it. Sounds very entertaining.
The problem when you leverage a club with some much debt is you start to make bad decisions because the consequences of failure are so high.
I was in Lytham the other weekend and a car had gone onto the edge of the sea with a trailer to pick up a yacht . Of course, they got stuck in the infamous Lytham sands with an incoming tide. As they inched back the tide was catching up with them so in desperation they started to drive into the sea to get a bit of a run at the beach. It got more and more desperate as the sea just kept rolling in. Checked out the coastguards facebook page after we got home and sure enough there it was up to it's windows in sea water.
For some reason this thread kind of reminded me of it. But then again as NewClaret likes to remind me I am cup half empty...!



Agree on your leverage point. Someone said somewhere that they’d like to hear from Alan on the strategy to reduce debt and I agree with that. I think all fans would feel more comfortable about him & his ownership if they felt there was a plan to address it.
Re: the car in Lytham. That’s quite hilarious. Being a glass half empty guy I bet you were willing it to sink weren’t you?


In relation to how this might be a BFC analogy, it’s worth noting that Pace said “we’re not going to do anything that will put the future of the club at risk” (this was at a January board meeting in respect to the transfer business). My first thoughts were “like a leveraged buy out for instance”? What we don’t know is how much debt there is any more but I’m
confident our on field assets outweigh our liabilities for now. It’s when that changes that the tide comes in.
FWIW, in relation to my earlier debate with Tony, I think that’s exactly why Pace favours the young players with appreciating values - one might call it a tidal barrier!