Quantcast
  1. Welcome to Bantam Talk

    Why not register for an account?

    Not only can you then get fully involved in the community but you also get fewer ads

  2. Premium Membership now Available


    Please see this thread for more details

    Dismiss Notice

Ownership

Discussion in 'City Talk' started by Brackenrigg, Oct 30, 2018.

  1. Brackenrigg

    Brackenrigg Fringe Player

    Joined:
    Apr 8, 2018
    Messages:
    143
    Likes Received:
    231
    In light of the tragedy at Leicester over the weekend it made me think about the parallels between their situation 10 or so years ago and our current mess.
    The Thai family whose name I wont attempt bought the Club and had a plan for the future. It is well documented that
    what has happened to the club during their tenure outstrips any optimism they may have had at the beginning.
    Their miracle did happen winning the Prem and doing it in such a way as to be welcomed both inside and outside the game.
    Obviously their wealth is substantial and the business skill and acumen they brought to the King Power has to be applauded.
    Given our owners limited financial muscle, it made me wonder if our previous owners were sufficiently well
    connected at the time they were looking to sell. Perhaps our current owners are similarly limited in their world and are struggling to find potential buyers with enough financial clout to make the difference for BCFC 's future.
    Perhaps they need help through bankers, fund managers or venture capitalists to find a King Power wealth to take this company with very little debt forward. The sums our current owners will be considering as substantial are really very small when compared to a KING Power.
    If they need help they should be using every avenue to look the find their buyer.
    If they need help then put the club up for sale officially and see what happens.
    I hope they have a good relationship with their bankers both in Germany but also here in the UK.
    I have written this season off so any improvement on relegation will be seen as a miracle.
    I hope that the owners are sincere in their promise to give DH the funds and free hand he needs to give us a chance.
     
    Utters0 and Onside like this.
  2. Onside

    Euro24 PL Entrant P.L.24/25 Entrant Supporter

    Joined:
    Apr 8, 2018
    Messages:
    9,943
    Likes Received:
    16,917
    The comparison is a worthy one. Finding the right buyer is essential in the success of any club, and particularly for us. It is now obvious the business plan that R&R have been operating is one of non investment other than the income we generate. Furthermore they are paying their initial investment back immediately via the current account! I won’t mention the incompetence or the lack of business acumen.

    Can someone please explain to me what use is the above to our club? It is immensely worse than our last owners who managed to keep the club going, and keeping us in the upper echelons of league 1.

    If club like Leicester can attract billionaires that actually want to progress the club, and invest in the community, why can’t we?
     
    Utters0 likes this.
  3. Old city man

    Joined:
    Jun 12, 2018
    Messages:
    1,200
    Likes Received:
    1,548
    I think we need someone who has exceptional skills in the "selling" department.

    Emphasise what we've had in the recent past,show all the great cup exploits and tremendous support from the fans.The fans at Wembley against Swansea showed there are none more passionate or loyal.

    The pride I felt then has never been bettered.

    We had that and we can have it again!
     
    Farnborough bantam and Utters0 like this.
  4. Dennis

    Staff Member Moderator Supporter

    Joined:
    Apr 8, 2018
    Messages:
    6,199
    Likes Received:
    15,881
    Many people have said this as a fact. It isn't. But it does appear to have now become folklore like several other so-called 'facts' on here.

    I'll be clear. There is no evidence in the German HoldCo that any part of the original €6mill+ loan has been repaid whether from the club or by the owners themselves. If somebody really has evidence that this has happened, rather than the usual 'I've heard that ...' I'd like to understand how it has been corroborated.

    There is some evidence, and it's a little circumstantial, that the club has been paying some (less than half) of the interest on the loan but that's the extent of it as far as I'm aware.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  5. Onside

    Euro24 PL Entrant P.L.24/25 Entrant Supporter

    Joined:
    Apr 8, 2018
    Messages:
    9,943
    Likes Received:
    16,917
    Ok, I accept what you are saying no problem there. Why do you think it was set up like that? It appears strange to somebody not used to reading balance sheets.
     
    Utters0 and Johnny Yen like this.
  6. SimonW

    Staff Member Admin Moderator P.L.24/25 Entrant Qatar 2022 Entrant

    Joined:
    Apr 8, 2018
    Messages:
    6,654
    Likes Received:
    4,467
    To a certain degree, Leicester highlight the importance of luck and confidence in football as a massive part of their success was down to that rather than judgement from the owners. They went on a decent run at the end of the previous season so were riding that going into the new season. They didn't really spend significantly to improve the squad that spent much of the previous season in the bottom 3 after all. Using that confidence and the fact pretty much all the usual names were going through turmoil they had a perfect storm and they just rode that ever-growing confidence to the title.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  7. Onside

    Euro24 PL Entrant P.L.24/25 Entrant Supporter

    Joined:
    Apr 8, 2018
    Messages:
    9,943
    Likes Received:
    16,917
    Well that is a interesting view.
     
  8. Dennis

    Staff Member Moderator Supporter

    Joined:
    Apr 8, 2018
    Messages:
    6,199
    Likes Received:
    15,881
    There is nothing unusual in the way the ownership has been structured. The club and its original holding company is how ML&JR set it up. An additional German HoldCo has been added to assimilate it into Rupp's other German companies.

    Rupp has a lot of money and I suspect it isn't lying around in his bank account somewhere in Germany but is being invested elsewhere in various business ventures through one or more of his companies. That's why he has loaned money from one of his companies to another. If you like, all he is doing is taking money from one of his pockets and transferring it to another. In his position, I wouldn't have done it any differently.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    JimmyBantam, Storck, Onside and 2 others like this.
  9. Storck

    Storck Regular Starter

    Joined:
    Apr 8, 2018
    Messages:
    38,975
    Likes Received:
    29,644
    It is the thing of repeat something enough times and it becomes fact.
     
    JimmyBantam and Dennis like this.
  10. SimonW

    Staff Member Admin Moderator P.L.24/25 Entrant Qatar 2022 Entrant

    Joined:
    Apr 8, 2018
    Messages:
    6,654
    Likes Received:
    4,467
    Their record since seems to back my view up. They are one of those gaggle of mid table clubs, clubs who are a bad run away from relegation but also a good run away from EL qualifying. They aren’t really top 4 let alone champions level though. They are simply the poster child club that gives everyone hope at the start of the season because if everything goes your way and you get on a good run any club can win things. It’s what makes sport so engaging as while it’s rare underdogs can win
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Interested Bystander likes this.
  11. Silly Gilly

    Silly Gilly Youngster

    Joined:
    Oct 30, 2018
    Messages:
    1
    Likes Received:
    0
    I'm hoping someone lile Cellino or Radrizanni will come in and save us
     
  12. Interested Bystander

    P.L. 23/24 Winner Euro24 PL Entrant P.L.24/25 Entrant Qatar 2022 Entrant Supporter Euro 2020
    Knows Football

    Joined:
    Apr 8, 2018
    Messages:
    19,290
    Likes Received:
    29,182
    Spot on, before the season we all think "look at Leicester, it could be us", that usually lasts 6-8 games, this year, four.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    CT Bantam and Dennis like this.
  13. Rogered Tart

    P.L. 23/24 Top 30 Euro24 PL Entrant P.L.24/25 Entrant

    Joined:
    Apr 10, 2018
    Messages:
    18,728
    Likes Received:
    44,527
    Because Leicester has way more going for it than Bradford has. I've heard Rahic did all his 'due dilligence' before buying us but still can't fathom out why? I'm not even sure what his long term plans are or were. Maybe he got carried along in the euphoria like we did. Why is he even here bar following his wet dream? In all my years watching City the only time of sustained success, bar the unbelievable team of the mid eighties, was under BFG and that was down first and foremost to money. What the hell did Rahic think he could achieve above the likes of Lawn and Rhodes without significant investment? Oh yeah, thats right, he thought he could rewrite the book on football club ownership. Take a club that had grown over the last few years to a point with record crowds and punching above its weight in terms of budget, and then decide to overhaul everything from playing staff to off field matters, but kinda forgetting that this dream of his is actually gonna cost money. A lot of it. Which he hasn't got, and which he seems to have forgot to tell the federal bank of Stefan Rupp.
     
  14. HUDDERSSBANTAM

    HUDDERSSBANTAM Squad Player

    Joined:
    Apr 8, 2018
    Messages:
    3,193
    Likes Received:
    4,625
    They did buy very well. Vardy, Kante & Mahrez for peanuts. Those three were absolutely key.
     
    Onside likes this.
  15. brisbanebantams

    brisbanebantams Impact Sub

    Joined:
    May 8, 2018
    Messages:
    1,486
    Likes Received:
    1,798
    the only thing with that it is, when the potential new owners go "where were the other 20,000 fans for the last few decades when we weren't at wembley and were selling cheap season tickets and practically giving them away."

    when you compare the size of the bradford district to others of a similar nature and notice that some of those other areas sustain two professional football clubs, you can sometimes question whether or not (apart from the 6-10k who have always been) there is an appetite for professional sport in bradford.
     
    Rogered Tart likes this.
  16. SimonW

    Staff Member Admin Moderator P.L.24/25 Entrant Qatar 2022 Entrant

    Joined:
    Apr 8, 2018
    Messages:
    6,654
    Likes Received:
    4,467
    Kante was the only one who came in for the 2015/16 season. Mahrez joined in 2013/14 and Vardy 2012/13. So while all 3 were important during that season two of them were there in the season they were in the bottom 3 for most of the season
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  17. HUDDERSSBANTAM

    HUDDERSSBANTAM Squad Player

    Joined:
    Apr 8, 2018
    Messages:
    3,193
    Likes Received:
    4,625
    They developed them into excellent players, who won the league for them. I doubt they spent £5m in the 3 of them. You can't be suggesting that's luck surely?
     
    Onside likes this.
  18. Disillusioned of Bingley

    Disillusioned of Bingley Fringe Player

    Joined:
    Jul 22, 2018
    Messages:
    348
    Likes Received:
    629
    Cellino, are you sure? We already have an autocratic and trigger happy chairman. The last thing we want is a crooked autocratic and trigger happy chairman.

    But someone like Radrizzani would be great - they speak very highly of him east of Pudsey.
     
  19. bantam2708

    P.L.24/25 Entrant Qatar 2022 Entrant Euro 2020 P.L. 20/21 Winner

    Joined:
    Apr 8, 2018
    Messages:
    6,664
    Likes Received:
    13,997
    There is the appetite for sure, but it's about making city a more attractive proposition than the likes of man utd, arsenal, Liverpool etc for the younger generation. Far too many youngsters in Bradford support the big prem teams and have no interest in watching lower league football. I know the club have worked hard on this in the past with free tickets etc but it's something that will take time and ultimately be down the success of the club on the pitch.
     
    Bantamsteve and CT Bantam like this.
  20. How

    How Knows Football
    P.L. 18/19 Winner Euro 2020

    Joined:
    May 1, 2018
    Messages:
    8,412
    Likes Received:
    10,623
    Steve Walsh was responsible for those.
     
    Bronco and HUDDERSSBANTAM like this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice