Is this coincidental timing or…??
https://dragonsrfc.wales/news/2023/sept ... s-rfc.html
Re: Special General Meeting 28 Sept 7pm
17I put this on another thread.
In my personal opinion, it would be beneficial to learn the identities of the two groups that express interest in investing in Newport County. Knowing who they are would allow us to thoroughly investigate each group and make an informed decision on who we believe would be the most capable of leading Newport County towards success in the long term. Therefore, we must have this information beforehand. We need to know their identities to make an informed decision.
In my personal opinion, it would be beneficial to learn the identities of the two groups that express interest in investing in Newport County. Knowing who they are would allow us to thoroughly investigate each group and make an informed decision on who we believe would be the most capable of leading Newport County towards success in the long term. Therefore, we must have this information beforehand. We need to know their identities to make an informed decision.
Re: Special General Meeting 28 Sept 7pm
18https://www.bbc.co.uk/sport/rugby-union/66722016
This Buttress consortium looks v interesting.
https://www.southwalesargus.co.uk/sport ... ey-parade/
Multi-millionaire businessmen with bags of commercial experience. If nothing else it will transform our behind the scenes operations from something that doesn't resemble a Parish council.
The only caveat for me is do they really give a fig about football or County? At least Pratt's a fan.
This Buttress consortium looks v interesting.
https://www.southwalesargus.co.uk/sport ... ey-parade/
Multi-millionaire businessmen with bags of commercial experience. If nothing else it will transform our behind the scenes operations from something that doesn't resemble a Parish council.
The only caveat for me is do they really give a fig about football or County? At least Pratt's a fan.
Re: Special General Meeting 28 Sept 7pm
19They aren't there to transform OUR behind the scenes operations. On your other point, it's only an assumption that Mr Pratt is a fan.
Re: Special General Meeting 28 Sept 7pm
20No it isn't. I don't know Jon Pratt but am assured by many who do he is a fan.excessbee wrote: September 8th, 2023, 9:29 pm They aren't there to transform OUR behind the scenes operations. On your other point, it's only an assumption that Mr Pratt is a fan.
Re: Special General Meeting 28 Sept 7pm
21I was being a tad facetious. He does seem to be the invisible man since being co-opted to the board. No doubt we will hear more in the near future.....
Re: Special General Meeting 28 Sept 7pm
22Of course they are. You don't invest in something with potential that's losing money to keep it the same.excessbee wrote: September 8th, 2023, 9:29 pm They aren't there to transform OUR behind the scenes operations. On your other point, it's only an assumption that Mr Pratt is a fan.
Re: Special General Meeting 28 Sept 7pm
23If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
Re: Special General Meeting 28 Sept 7pm
24Morning Dave, you're up early too I see.Taunton Iron Cider wrote: September 9th, 2023, 4:33 am If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
I'm not sure I agree with your analysis. I can't say you're wrong as I don't have the figures but I would hsve thought that with both codes combined a lot of work being presently duplicated would no longer need to be. Whilst the playing and training staff would be different either the administration would if not quite be halved certainly considerably reduced. Conversely used properly rather than cut jobs perhaps far greater work could be done in marketing and developing both the rugby and the football.
Thoughts?
Re: Special General Meeting 28 Sept 7pm
25The last known actual figure for our debt as of the end on May was £60k. The last known figure for RP debt was £3.4 million as of April. That's 56 times more debt.................. with RP losing £75k a month, every month.............Taunton Iron Cider wrote: September 9th, 2023, 4:33 am If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
It's not running a business, it's simply taking the piss out of the WRU with their blessing.................
Who do you think he will like to take the piss out of next, now the WRU have exited stage left?...........
Re: Special General Meeting 28 Sept 7pm
26Brendan I don’t really have a strong opinion either way, although on balance I would probably opt for a consortium that did not involve the Dragons for the reasons mentioned. There are undoubtedly synergies to be gained in merging all the operations of both Teams, but I guess my unease is over which code would be given financial priority from a finite pot?Stan A. Einstein wrote: September 9th, 2023, 5:48 amMorning Dave, you're up early too I see.Taunton Iron Cider wrote: September 9th, 2023, 4:33 am If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
I'm not sure I agree with your analysis. I can't say you're wrong as I don't have the figures but I would hsve thought that with both codes combined a lot of work being presently duplicated would no longer need to be. Whilst the playing and training staff would be different either the administration would if not quite be halved certainly considerably reduced. Conversely used properly rather than cut jobs perhaps far greater work could be done in marketing and developing both the rugby and the football.
Thoughts?
What we need is financial security over the long term, and who can provide that? Of course as we have absolutely no idea who is behind any bid then that question can’t be answered right now. However for reasons I can fully understand there is an eagerness from the Dragons Board to secure the whole of RP, so when all possible value has been extracted from the sale of perceived surplus areas, would they then act like venture capitalists and look to move on? Football is rife with such activity, Yeovil being a current example.
Like most supporters I will wait to see what is on the table, but I do agree with most other views that all the options should be aired with Trust members and not presented as take it or leave it fait accompli. Huw Jenkins and David Buttress working together would be my dream ticket.
Re: Special General Meeting 28 Sept 7pm
27It’s a fair point but the model is clearly Bristol Sport. The centre of which is a STADIUM. I bet you that’s in the offing…Taunton Iron Cider wrote: September 9th, 2023, 4:33 am If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
Re: Special General Meeting 28 Sept 7pm
28Yes but that is a plaything for a billionaire.Chepstow'sFine wrote: September 9th, 2023, 9:28 amIt’s a fair point but the model is clearly Bristol Sport. The centre of which is a STADIUM. I bet you that’s in the offing…Taunton Iron Cider wrote: September 9th, 2023, 4:33 am If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
Re: Special General Meeting 28 Sept 7pm
29And if you believe its in the offing, you have to ask why? Not just say don't look a gift horse in the mouth........Chepstow'sFine wrote: September 9th, 2023, 9:28 amIt’s a fair point but the model is clearly Bristol Sport. The centre of which is a STADIUM. I bet you that’s in the offing…Taunton Iron Cider wrote: September 9th, 2023, 4:33 am If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
Re: Special General Meeting 28 Sept 7pm
30You raise some interesting points but I’m not sure what you mean about financial priority. Even if a merger were to go ahead with co ownership of RP, surely we would still be responsible for the operational and financial side of football matters? I do think merging would be a good idea (certainly in the RP sense) but obviously Rugby and football are different sports.Taunton Iron Cider wrote: September 9th, 2023, 9:27 amBrendan I don’t really have a strong opinion either way, although on balance I would probably opt for a consortium that did not involve the Dragons for the reasons mentioned. There are undoubtedly synergies to be gained in merging all the operations of both Teams, but I guess my unease is over which code would be given financial priority from a finite pot?Stan A. Einstein wrote: September 9th, 2023, 5:48 amMorning Dave, you're up early too I see.Taunton Iron Cider wrote: September 9th, 2023, 4:33 am If, as many seem to prefer, Mr Buttress and his consortium were also to acquire Newport County, then my concern would be which gets priority, Newport or the Dragons?.
Both are currently loss making (not forgetting of course that RP also runs at a deficit) and with money finite, I don’t see how they can afford to sustain this position over the medium term without eventually having to sacrifice one to save the other. The question then would be which one!
I'm not sure I agree with your analysis. I can't say you're wrong as I don't have the figures but I would hsve thought that with both codes combined a lot of work being presently duplicated would no longer need to be. Whilst the playing and training staff would be different either the administration would if not quite be halved certainly considerably reduced. Conversely used properly rather than cut jobs perhaps far greater work could be done in marketing and developing both the rugby and the football.
Thoughts?
What we need is financial security over the long term, and who can provide that? Of course as we have absolutely no idea who is behind any bid then that question can’t be answered right now. However for reasons I can fully understand there is an eagerness from the Dragons Board to secure the whole of RP, so when all possible value has been extracted from the sale of perceived surplus areas, would they then act like venture capitalists and look to move on? Football is rife with such activity, Yeovil being a current example.
Like most supporters I will wait to see what is on the table, but I do agree with most other views that all the options should be aired with Trust members and not presented as take it or leave it fait accompli. Huw Jenkins and David Buttress working together would be my dream ticket.
Where I would have difficulty is if an entity evolved - say Newport Athletic (call it what you like) which fully combined the Rugby and Football sports. There would obviously have to be operational separation, but, then there would be a question to answer regarding where the money goes. I don’t think we are anywhere near that yet though. Unless I have missed something. As you say, like most supporters I wait to see what is on the table. Where my uncertainty rumbles is the deafening silence from Jon Pratt. Where does he fit in?
What I do know is that prior to the meeting the details on the proposal will be sent to all Trust members along with details of how they can have their vote (via proxy if needed) if they cannot attend.
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