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| Quote ="Ganson's Optician"I don't see what is the problem with that. Buying an asset or liability is done with the view of making a profit. Rugby League needs to get past this Working Mens Club attitude and embrace the fact that sport is a business and potentially a lucrative one at that.'"
I have no problem with it whatsoever. I understand why he has done it as all spot has now bcome a business and people like the Dr will only invest to make money. Wish we had a few more people like him involved.
I do however his bid to buy Oldham FC dies on its ar$e, football has enough money men. Also I hate Oldham FC for how they contributed to the demise of the rugby team.
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| Quote ="Stanley30"I have no problem with it whatsoever. I understand why he has done it as all spot has now bcome a business and people like the Dr will only invest to make money. Wish we had a few more people like him involved.
I do however his bid to buy Oldham FC dies on its ar$e, football has enough money men. Also I hate Oldham FC for how they contributed to the demise of the rugby team.'"
Stanley, you are back my son. What happened to your 'Ratchford is nailed on for Salford' announcement ? I seem to remember you wanted an apology from me when it happened, so perhaps you would now like to graciously apologise yourself. All in your good time.
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| LOL apologies, but he is definately nailed on, for next year now. I mere delay in the Docs plan. As he said, 2015 recruitment has already started
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| Quote ="Stanley30"LOL apologies, but he is definately nailed on, for next year now. I mere delay in the Docs plan. As he said, 2015 recruitment has already started
'"
So presumably, Daryl Clark, who you also said was signed, will now be coming in 2015 ?
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| Quote ="Teessidewire"My only gripe is that Nigel Wood is now doing some work for Salford. Forgotten about london and Wakefield, Nigel?'"
That's what I thought but it is indeed a totally different person by the name of Niel Wood.
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| Quote ="Winslade's Offload"Quote ="Stanley30"LOL apologies, but he is definately nailed on, for next year now. I mere delay in the Docs plan. As he said, 2015 recruitment has already started
'"
So presumably, Daryl Clark, who you also said was signed, will now be coming in 2015 ?'"
You know it!
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| Quote ="Stanley30"You know it!'"
I'll see you this time next year.
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| Quote ="Ganson's Optician"I don't see what is the problem with that. Buying an asset or liability is done with the view of making a profit. Rugby League needs to get past this Working Mens Club attitude and embrace the fact that sport is a business and potentially a lucrative one at that.'"
Owning a sports club is not a great way of making money, a lot of owners just end up subsidising losses.
For a rich owner its more like owning a Ferrari. You don't buy a Ferrari expecting to make a return on it, its really a consumption buy rather than investment. You buy it because you want to have some fun and experience the highs and lows of sport.
If you want to buy an asset to get returns, there are a lot better assets to invest in.
Also I'm not convinced about all this Salford being so profitable because of this prime real estate, we've been hearing about this type of thing for a while ever since their new stadium was first suggested, that they would be on to a gold mine etc. And yet at the start of the year they were going bankrupt and struggling to get any investors interested at all before Nigel Wood got Koukash involved. Is it not a bit odd, if Salford was such a profitable opportunity, that there was not a massive bidding war for buying the club? How come nobody has come in and tried to buy Koukash out?
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| Koucash has bought a gold-mine with Salford as soon as the £1m per year payment from the casino commences.
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| To be honest I cant Believe Koukash really believes Peel Holdings (who specialise in owning lots of land and building stuff on it) would allow him to simply buy their stake of the stadium and then chuck him some land for a laugh so he could build stuff on it instead of them....?
the best he can hope for is to pay half price for a stadium. Peel may sell him their stake for the going rate... and the council might give him their share if the running costs get too much....
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| Quote ="Teessidewire"I'd buy Gateshead. They were never given a chance. They were severely under-funded and the plug was pulled far too soon after they had raised local crowds from 1,000 to 3,000 in one season. Kath Hetherington openly lied to the fans and left them with nothing, also letting down a number of sponsors who instantly washed their hands of Rugby League, never to return.
I was a small part of the group who initially re-formed the club, but on reflection I believe that we should have waited another 12 months and raised at least twice the capital we did. It's only in the past couple of years that they've been able to get any decent sponsorship.'"
Do you think the appetite is there for a professional RL team though?
I'd like to see them do well, but for me Newcastle / Gateshead is similar to Liverpool and Manchester in that the only sport anyone really cares about is football.
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| Quote ="FireWire"Do you think the appetite is there for a professional RL team though?
I'd like to see them do well, but for me Newcastle / Gateshead is similar to Liverpool and Manchester in that the only sport anyone really cares about is football.'"
Yes, I really do. When the Thunder were moved to Hull by the Wicked Witch of West Hull, Falcons gates went up by a considerable amount. There was a market for RL, despite the stadium, and there still is, if someone with just a bit of cash were to come in.
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| Quote ="Fantastic Mr Cat"Well i never knew that, either way, a pat on the back to you for your sterling efforts.
I loved gateshead away, and captain thunder.'"
I went to a couple of 'What are we going to do now?' meetings after it was all announced at the end of the 1999 season. Two men stepped forward who said they were prepared to start the club up again, so we had a meeting and I had raised money previously for Stockton RFC, so they made me the lottery organiser. because of my employment status at the time I agreed to do it so long as I wasn't directly involved with cash. After a few months I managed to get the lottery incorporated into the Wire lottery and we made a fair bit in the first year. I also sold blind cards on coaches to away games, but the problem was that they were underfunded and should have spent a full year raising money, instead of joining the Championship in Jan 2000, and getting the absolute dregs of a team as all the reasonable players had been signed up for other clubs by the time Thunder were accepted back in.
After just under 2 seasons the club ran out of money, a guy took over who owned several Newcastle gyms, who was just a liar (in the end he tyold too many lies and is now in prison), and that was the point when I walked away. There have been several owners since. It would appear that now sponsors are finally starting to come back, having been badly let down by Hetherington and friends. I'd love to see them come good.
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| Quote ="sally cinnamon"Owning a sports club is not a great way of making money, a lot of owners just end up subsidising losses.
For a rich owner its more like owning a Ferrari. You don't buy a Ferrari expecting to make a return on it, its really a consumption buy rather than investment. You buy it because you want to have some fun and experience the highs and lows of sport.
If you want to buy an asset to get returns, there are a lot better assets to invest in.
Also I'm not convinced about all this Salford being so profitable because of this prime real estate, we've been hearing about this type of thing for a while ever since their new stadium was first suggested, that they would be on to a gold mine etc. And yet at the start of the year they were going bankrupt and struggling to get any investors interested at all before Nigel Wood got Koukash involved. Is it not a bit odd, if Salford was such a profitable opportunity, that there was not a massive bidding war for buying the club? How come nobody has come in and tried to buy Koukash out?'"
You are right, my point was more that if one buys a failing company you don't come in and declare business as usual whilst we slowly turn things round without upsetting anyone, you make radical changes and fast.
If I fancy a bit of a thrill I put £2 on Joel Monaghan to score the first try, the likes of Koukash buy horses or sports clubs. They get a kick out of it and we also benefit most of the time, so good on em.
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| Quote ="the flying biscuit"To be honest I cant Believe Koukash really believes Peel Holdings (who specialise in owning lots of land and building stuff on it) would allow him to simply buy their stake of the stadium and then chuck him some land for a laugh so he could build stuff on it instead of them....?
the best he can hope for is to pay half price for a stadium. Peel may sell him their stake for the going rate... and the council might give him their share if the running costs get too much....'"
I think you're right TFB, but, I would speculate that apart from trying to coerse the council who may be perceived as a 'softer' target as budgets generally fall there may be an opportunity to cut their loses publicly, Peel Holding's might also be persuaded to sell some land.
In the case of Peel, you were correct in using the term "going rate". It is about timing and to answer Sally's post the reason it hasn't happened before is simple economics, no demand for property development or funds available from banks. Koukash would presumably look to buy at the bottom of the market where we are now, get a favourable planning permission as part of the investment strategy (deal) with the Council and it's onwards and upwards on a rising market. Like buying a house but on a bigger scale.
Peel will take the cash quite readily for the right money as they diversify and buy assetts rather than carrying out developments themselves for little reward when viewed against risk at this time.
BTW this thread contains the only sensible post I've ever seen from Stanley as he and the I presume the Salford speccies acknowledge that Moran and Koukash are inherrently different investors in 'their' teams.
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| Quote ="Ganson's Optician"You are right, my point was more that if one buys a failing company you don't come in and declare business as usual whilst we slowly turn things round without upsetting anyone, you make radical changes and fast.
If I fancy a bit of a thrill I put £2 on Joel Monaghan to score the first try, the likes of Koukash buy horses or sports clubs. They get a kick out of it and we also benefit most of the time, so good on em.'"
A funny phenomenon with sports teams is that whilst we hear often that teams are struggling, its pretty rare that a sports team goes out of business, what usually happens when a sports team gets too overloaded with its debts is it ends up in administration, perhaps drops down a division and competes at a lower level, but still survives as it has a core fan base that won't switch to another 'brand' like would happen in other industries. The people that have put money in to the club (ie owners, shareholders, investors, the local council etc) end up losing out because they never get repaid when the club gets reformed under a new company as often seems to happen.
So I think the general rule of thumb is if you invest in a sports club do it for love of sport and don't expect to get a big return on it as you could end up being burned, the usual rules of business don't seem to apply to sport.
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