Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
Re: Popular myth exposed
2You repeat yourself often on this topic, almost as often as you post about owning a stadium, and on both topics you are incredibly naive and uninformed.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
The purpose of businessmen putting money into to lower league clubs is a a mix of ego and wanted to give back. However the over riding thing is ego, and when ego’s are involved all sense goes out of the window, often meaning that they continue to put silly amounts of money into these loss making clubs. There are examples of successful people who have ruined themselves financially doing so.
There are some examples of businessmen making money from football clubs, however the overwhelming majority lose money and are stupid.
I do understand that you are very commercially unaware but let me assure you that despite the odd exception, most clubs report correctly to Companies House.
To further help you with your naivety, I believe from your previous posts you are referring to Gavin Foxhall and Kevin Ward as the dismissive duo, insinuating that them two were the main people running the club. You are so wrong its laughable that you keep repeating it. Foxhall, Crook and Madigan were the main players, with Foxhall the top of that little tree. Ward had no influence. You should be directing your ire at Croko and Madigan before Ward, the 2 of them supposedly very successful businessmen yet never showed an ounce of it (or a penny of it) whilst being directors of Newport County,
Finally, any chance you can stop posting multiple new threads about the same topics that you’ve commenting on in hundreds of threads before?
Re: Popular myth exposed
3I think you're wrong. Yes Huw Jenkins is investing to make money but only because I think he can see that buying a "down on it's luck" club and putting it on its feet doesn't necessarily require much finance, but does need organisation.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
So you buy the club. You find someone who will run the commercial department so that it increases revenue by x% year on year. You find someone good at marketing, an office manager that will run the back office more efficiently. You speak to the landlords and see whether you can renegotiate the rental, even if it's to move payments to when EFL payments come in. You increase the transfer budget slightly so then perhaps your Manager can bring in the type of player he wasn't able to get in the summer.
None of the above requires a lot of money. If you get good staff then some of the extra money required to employ them could lead to cost savings and/or greater revenue or increased footfall. And Huw Jenkins has been a party to taking a club up the divisions, so has more than an idea of what needs doing.
Even short-term investment could be recouped easily. A promotion raises the profile of a club and puts it on the radar of more moneyed investors.
Re: Popular myth exposed
4For clarification purposes I was merely using Huw Jenkins as an example, as he was singled out in the original post.
I'm not advocating for Huw Jenkins because I don't know what his consortium offers until the Trust gives us that information. I shall make my decision on the prospecti offered.
I'm not advocating for Huw Jenkins because I don't know what his consortium offers until the Trust gives us that information. I shall make my decision on the prospecti offered.
Re: Popular myth exposed
5No need to clarify, you were perfectly clear. We disagree, or more accurately we hold different shades of opinion only. It maybe that Huw Jenkins enjoys the prospect of turning the club around. Many entrepreneurs will tell you that the challenge of turning a failing business around is exciting. Where I don't agree with your analysis is having that motive somehow detracts from the central point thatall prudently run clubs make money not lose it.wattsville_boy wrote: September 15th, 2023, 1:30 pm For clarification purposes I was merely using Huw Jenkins as an example, as he was singled out in the original post.
I'm not advocating for Huw Jenkins because I don't know what his consortium offers until the Trust gives us that information. I shall make my decision on the prospecti offered.
In terms Huw Jenkins is not planning to lose money, he is planning to make it.
Re: Popular myth exposed
6He may be looking to buy cheap, make changes, hope for a promotion and sell. I suspect that may be the most likely outcome because the alternative of being in it for the long term could involve building infastructure fit for a championship side...
Re: Popular myth exposed
7And you have to remember that the trust didn't except any offer from Jon Pratt, instead asked him to take a look from the inside, to see how he could change things. They then appear to attract Huw Jenkins ex commercial manager to largely do the same for Huw Jenkins.wattsville_boy wrote: September 15th, 2023, 1:26 pmI think you're wrong. Yes Huw Jenkins is investing to make money but only because I think he can see that buying a "down on it's luck" club and putting it on its feet doesn't necessarily require much finance, but does need organisation.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
So you buy the club. You find someone who will run the commercial department so that it increases revenue by x% year on year. You find someone good at marketing, an office manager that will run the back office more efficiently. You speak to the landlords and see whether you can renegotiate the rental, even if it's to move payments to when EFL payments come in. You increase the transfer budget slightly so then perhaps your Manager can bring in the type of player he wasn't able to get in the summer.
None of the above requires a lot of money. If you get good staff then some of the extra money required to employ them could lead to cost savings and/or greater revenue or increased footfall. And Huw Jenkins has been a party to taking a club up the divisions, so has more than an idea of what needs doing.
Even short-term investment could be recouped easily. A promotion raises the profile of a club and puts it on the radar of more moneyed investors.
Now along the way, one person has suggested on this forum, the names of Matt Southall and David Buttress. Wether either were really interested, or fronting bids from others, or even just invented by the person who mentioned their names, who knows........
I personnally hope the bids merge, and that as a result the trust financial backing can be reduced as a result, and hopefully trust elections are a thing of the past, with the new board simply co opting their chosen experience........
I think too many expected the co opted members to provide a financial input, and therefore were disappointed that the trust instead, built up money to use on sustainability.
Too many sustainability is not a word linked with success, but in our case it was...................
Re: Popular myth exposed
8Stan A. Einstein wrote: September 15th, 2023, 1:40 pmNo need to clarify, you were perfectly clear. We disagree, or more accurately we hold different shades of opinion only. It maybe that Huw Jenkins enjoys the prospect of turning the club around. Many entrepreneurs will tell you that the challenge of turning a failing business around is exciting. Where I don't agree with your analysis is having that motive somehow detracts from the central point thatall prudently run clubs make money not lose it.wattsville_boy wrote: September 15th, 2023, 1:30 pm For clarification purposes I was merely using Huw Jenkins as an example, as he was singled out in the original post.
I'm not advocating for Huw Jenkins because I don't know what his consortium offers until the Trust gives us that information. I shall make my decision on the prospecti offered.
In terms Huw Jenkins is not planning to lose money, he is planning to make it.
I said the other day I know for a fact HJ absolutely hates them down at legoland and I'd bet he wants to turn us into a better club than them
He's got nothing to gain from us money wise has he it's a little hobby for him
Re: Popular myth exposed
9SixtyYearFan wrote: September 15th, 2023, 12:58 pmYou repeat yourself often on this topic, almost as often as you post about owning a stadium, and on both topics you are incredibly naive and uninformed.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
The purpose of businessmen putting money into to lower league clubs is a a mix of ego and wanted to give back. However the over riding thing is ego, and when ego’s are involved all sense goes out of the window, often meaning that they continue to put silly amounts of money into these loss making clubs. There are examples of successful people who have ruined themselves financially doing so.
There are some examples of businessmen making money from football clubs, however the overwhelming majority lose money and are stupid.
I do understand that you are very commercially unaware but let me assure you that despite the odd exception, most clubs report correctly to Companies House.
To further help you with your naivety, I believe from your previous posts you are referring to Gavin Foxhall and Kevin Ward as the dismissive duo, insinuating that them two were the main people running the club. You are so wrong its laughable that you keep repeating it. Foxhall, Crook and Madigan were the main players, with Foxhall the top of that little tree. Ward had no influence. You should be directing your ire at Croko and Madigan before Ward, the 2 of them supposedly very successful businessmen yet never showed an ounce of it (or a penny of it) whilst being directors of Newport County,
Finally, any chance you can stop posting multiple new threads about the same topics that you’ve commenting on in hundreds of threads before?
Oh Brendan loves a new thread
Re: Popular myth exposed
10What's wrong Jim? You didn't used to be a spiteful little man.UPTHEPORT wrote: September 15th, 2023, 2:14 pmSixtyYearFan wrote: September 15th, 2023, 12:58 pmYou repeat yourself often on this topic, almost as often as you post about owning a stadium, and on both topics you are incredibly naive and uninformed.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
The purpose of businessmen putting money into to lower league clubs is a a mix of ego and wanted to give back. However the over riding thing is ego, and when ego’s are involved all sense goes out of the window, often meaning that they continue to put silly amounts of money into these loss making clubs. There are examples of successful people who have ruined themselves financially doing so.
There are some examples of businessmen making money from football clubs, however the overwhelming majority lose money and are stupid.
I do understand that you are very commercially unaware but let me assure you that despite the odd exception, most clubs report correctly to Companies House.
To further help you with your naivety, I believe from your previous posts you are referring to Gavin Foxhall and Kevin Ward as the dismissive duo, insinuating that them two were the main people running the club. You are so wrong its laughable that you keep repeating it. Foxhall, Crook and Madigan were the main players, with Foxhall the top of that little tree. Ward had no influence. You should be directing your ire at Croko and Madigan before Ward, the 2 of them supposedly very successful businessmen yet never showed an ounce of it (or a penny of it) whilst being directors of Newport County,
Finally, any chance you can stop posting multiple new threads about the same topics that you’ve commenting on in hundreds of threads before?
Oh Brendan loves a new thread
Re: Popular myth exposed
11What's factually incorrect with what I've written and why is it spitefulStan A. Einstein wrote: September 15th, 2023, 2:30 pmWhat's wrong Jim? You didn't used to be a spiteful little man.UPTHEPORT wrote: September 15th, 2023, 2:14 pmSixtyYearFan wrote: September 15th, 2023, 12:58 pmYou repeat yourself often on this topic, almost as often as you post about owning a stadium, and on both topics you are incredibly naive and uninformed.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
The purpose of businessmen putting money into to lower league clubs is a a mix of ego and wanted to give back. However the over riding thing is ego, and when ego’s are involved all sense goes out of the window, often meaning that they continue to put silly amounts of money into these loss making clubs. There are examples of successful people who have ruined themselves financially doing so.
There are some examples of businessmen making money from football clubs, however the overwhelming majority lose money and are stupid.
I do understand that you are very commercially unaware but let me assure you that despite the odd exception, most clubs report correctly to Companies House.
To further help you with your naivety, I believe from your previous posts you are referring to Gavin Foxhall and Kevin Ward as the dismissive duo, insinuating that them two were the main people running the club. You are so wrong its laughable that you keep repeating it. Foxhall, Crook and Madigan were the main players, with Foxhall the top of that little tree. Ward had no influence. You should be directing your ire at Croko and Madigan before Ward, the 2 of them supposedly very successful businessmen yet never showed an ounce of it (or a penny of it) whilst being directors of Newport County,
Finally, any chance you can stop posting multiple new threads about the same topics that you’ve commenting on in hundreds of threads before?
Oh Brendan loves a new thread
Re: Popular myth exposed
12Stan A. Einstein wrote: September 15th, 2023, 2:30 pmWhat's wrong Jim? You didn't used to be a spiteful little man.UPTHEPORT wrote: September 15th, 2023, 2:14 pmSixtyYearFan wrote: September 15th, 2023, 12:58 pmYou repeat yourself often on this topic, almost as often as you post about owning a stadium, and on both topics you are incredibly naive and uninformed.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
The purpose of businessmen putting money into to lower league clubs is a a mix of ego and wanted to give back. However the over riding thing is ego, and when ego’s are involved all sense goes out of the window, often meaning that they continue to put silly amounts of money into these loss making clubs. There are examples of successful people who have ruined themselves financially doing so.
There are some examples of businessmen making money from football clubs, however the overwhelming majority lose money and are stupid.
I do understand that you are very commercially unaware but let me assure you that despite the odd exception, most clubs report correctly to Companies House.
To further help you with your naivety, I believe from your previous posts you are referring to Gavin Foxhall and Kevin Ward as the dismissive duo, insinuating that them two were the main people running the club. You are so wrong its laughable that you keep repeating it. Foxhall, Crook and Madigan were the main players, with Foxhall the top of that little tree. Ward had no influence. You should be directing your ire at Croko and Madigan before Ward, the 2 of them supposedly very successful businessmen yet never showed an ounce of it (or a penny of it) whilst being directors of Newport County,
Finally, any chance you can stop posting multiple new threads about the same topics that you’ve commenting on in hundreds of threads before?
Oh Brendan loves a new thread
And I'd call calling people the C word on a message board spiteful
As for calling me spiteful for pointing out you like starting new threads that is laughable
Re: Popular myth exposed
13I don't set myself up as living on the moral highground. As I said Jim, you didn't use to be snide and sanctimonious. What's wrong?UPTHEPORT wrote: September 15th, 2023, 2:46 pmStan A. Einstein wrote: September 15th, 2023, 2:30 pmWhat's wrong Jim? You didn't used to be a spiteful little man.UPTHEPORT wrote: September 15th, 2023, 2:14 pmSixtyYearFan wrote: September 15th, 2023, 12:58 pmYou repeat yourself often on this topic, almost as often as you post about owning a stadium, and on both topics you are incredibly naive and uninformed.Stan A. Einstein wrote: September 15th, 2023, 9:32 am Most of the people who post on this board, indeed most football fans hold to the belief that most football clubs, lose money most seasons. As a consequence of which to be successful a rich benefactor is required. That belief is utterly nonsensical. Now at the outset I should say this piece of mine is in not intended as a criticism of Mr Jenkins.
Now I get that football clubs seem to post huge losses year in and year out. But as we all know figures posted at Companies House often bear little resemblance to the true financial position.after all this time last year they showed Newport County to be one of the few League clubs returning a healthy profit. And we all know how that turned out.
I for years have tried to point out that if companies lose money year in year out thet go bust. And compared to most types of trading concern football clubs have a stunning record of continuing to trade.
Now ask yourselves this. Mr Jenkins is a successful businessman. He wishes to take control of Newport County. Does anybody seriously believe that he has suddenly developed an overpowering love of Newport County. So much so that rather than use his wealth to ensure his family are financially secure he has instead decided to throw it away on a failing football club? Or do you think it more likely that he believes he can make money?
Now I make no inherent criticism of this. For Huw Jenkins to make money he has to make Newport County successful. That is what we all want. Arguments about Mr Jenkins are well rehearsed elsewhere and that is not the purpose of this post.
Consider this. The real purpose of investers coming into any business is to make money by making that company successful. It may be that in the short term a cash injection is needed, that is the risk of business. And Newport County had that cash injection from Cup runs, transfer fees and the money given by many readers here as trust members.
The reason the Trust failed as owners of Newport County was not because the trust model is unsustainable. It is because the trust was run by people who at best should not have been allowed to run a bath. The present board don't have the ability and it is for the best they go. However incompetent they may be, they do maintain some vestage of pride. Not much perhaps but some.
They at least had the guts to remain and face the music. Unlike those twin architects of Newport County's failure. The arrogant purveyors of failure. The smug dismissive duo who ran Newport County and who seeing the sh!t about to hit the fan disappeared like snow in the Sahara.
Never again trust anyone with your money if you don't know how that money is being spent.
The purpose of businessmen putting money into to lower league clubs is a a mix of ego and wanted to give back. However the over riding thing is ego, and when ego’s are involved all sense goes out of the window, often meaning that they continue to put silly amounts of money into these loss making clubs. There are examples of successful people who have ruined themselves financially doing so.
There are some examples of businessmen making money from football clubs, however the overwhelming majority lose money and are stupid.
I do understand that you are very commercially unaware but let me assure you that despite the odd exception, most clubs report correctly to Companies House.
To further help you with your naivety, I believe from your previous posts you are referring to Gavin Foxhall and Kevin Ward as the dismissive duo, insinuating that them two were the main people running the club. You are so wrong its laughable that you keep repeating it. Foxhall, Crook and Madigan were the main players, with Foxhall the top of that little tree. Ward had no influence. You should be directing your ire at Croko and Madigan before Ward, the 2 of them supposedly very successful businessmen yet never showed an ounce of it (or a penny of it) whilst being directors of Newport County,
Finally, any chance you can stop posting multiple new threads about the same topics that you’ve commenting on in hundreds of threads before?
Oh Brendan loves a new thread
And I'd call calling people the C word on a message board spiteful
As for calling me spiteful for pointing out you like starting new threads that is laughable
Re: Popular myth exposed
14While there are obvious advantages to the Trust if the bids merge. The bidders would need to solve this problem - If the Trust hands over 52% of the shares split evenly between the 2 bidders, the shares would then be split 26% bidder 1, 26% bidder 2, 27% Trust, 21% other. This would mean that in any dispute between the bidders the Trust would hold the balance of power by siding with one bidder or the other. There would have to be very careful consideration of how the Board is constructed as it is numbers on the Board that carries day to day power. Otherwise one bidder could find themselves marginalised by the Trust always siding with the other bidder.Bangitintrnet wrote: September 15th, 2023, 1:58 pm ........
I personnally hope the bids merge, and that as a result the trust financial backing can be reduced as a result, and hopefully trust elections are a thing of the past, with the new board simply co opting their chosen experience........
Huw Jenkins will know how the Biard was split at Swansea and how the acrimony thrre eventually came about.
Re: Popular myth exposed
15I agree, but for everyday running of the club they have the control that they require to determine policy, how money is spent, what on and even perhaps future investment the two parties could surely agree.Amberexile wrote: September 15th, 2023, 3:38 pmWhile there are obvious advantages to the Trust if the bids merge. The bidders would need to solve this problem - If the Trust hands over 52% of the shares split evenly between the 2 bidders, the shares would then be split 26% bidder 1, 26% bidder 2, 27% Trust, 21% other. This would mean that in any dispute between the bidders the Trust would hold the balance of power by siding with one bidder or the other. There would have to be very careful consideration of how the Board is constructed as it is numbers on the Board that carries day to day power. Otherwise one bidder could find themselves marginalised by the Trust always siding with the other bidder.Bangitintrnet wrote: September 15th, 2023, 1:58 pm ........
I personnally hope the bids merge, and that as a result the trust financial backing can be reduced as a result, and hopefully trust elections are a thing of the past, with the new board simply co opting their chosen experience........
Huw Jenkins will know how the Biard was split at Swansea and how the acrimony thrre eventually came about.
With that in mind if eventually one wanted to dilute trust ownership by issuing new shares, and investing in them themselves, I.E. as a way of putting money into the club. How much do you calculate, one bidder would need to put in, in order to buy back overall control of the club in situations where the two parties disagreed?
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