SanStarko Posted December 16, 2022 Share Posted December 16, 2022 25 minutes ago, Been going too long said: Not saying I want it but realistically can’t see us being an attractive proposition to investors or sim is sowing the seeds for further budget cuts/ambition of fans getting a reality check and then we may go part time in next 2 years He's not even sowing the seeds, he's pretty much outright saying it. The whole article is that the choice is to either scale everything back so we break even, or find somebody who's prepared to fire money into the club. 2 Quote Link to comment Share on other sites More sharing options...
Dunning1874 Posted December 16, 2022 Share Posted December 16, 2022 31 minutes ago, renton said: Only if we get out of Starks. Can't imagine fan ownership could bring in enough money to deal with even a competitive part time team and our decrepit stadium. Not convinced by fan ownership. Morton doing well in the short term but possibly benefiting from a very good manager pulling his team up. Stirling went full fan ownership and sunk down to L2. Hearts looks like fan ownership in name only, backed by Budge and now Anderson. Thing is, while Morton have undeniably struck it lucky with the first managerial appointment under fan ownership being our best manager in decades who has so far managed to overcome the constraints of his budget at a club who also have significant stadium overheads, what's the alternative? Even if Raith changing hands to another private owner now doesn't lead to an Angelo Massone or dare I say it Colin McGowan type shyster stepping in, if a break even budget is impossible and therefore the plan is simply for a private owner to underwrite losses for however long it takes them to get too old or disinterested to continue then you'll be finding yourselves in the same place again down the line, whether that be in 5, 10 or 20 years time. At some point there isn't going to be a white knight to save you, and if it has to happen eventually you'd rather be transitioning to fan ownership from the relative stability of low levels of debt in the Championship than from the ashes of administration at a lower level. 0 Quote Link to comment Share on other sites More sharing options...
Enigma Posted December 16, 2022 Share Posted December 16, 2022 23 minutes ago, johnnydun said: Would Val not step in? More chance of Jim Leishman getting involved. 2 Quote Link to comment Share on other sites More sharing options...
Salvo Montalbano Posted December 16, 2022 Share Posted December 16, 2022 Thought your Dean Park Hotel man was loaded? He not the obvious candidate? 0 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted December 16, 2022 Share Posted December 16, 2022 (edited) 4 minutes ago, Enigma said: More chance of Jim Leishman getting involved. Would that not be the whole controversial board gone? She might see it as a fresh start? Or a combo of Val, Gordon Brown and our very own Shaughan McGuigan? Edited December 16, 2022 by johnnydun 0 Quote Link to comment Share on other sites More sharing options...
CountryBumpkin Posted December 16, 2022 Share Posted December 16, 2022 31 minutes ago, SanStarko said: He's not even sowing the seeds, he's pretty much outright saying it. The whole article is that the choice is to either scale everything back so we break even, or find somebody who's prepared to fire money into the club. Surely this is what we should be doing regardless. Living within our means. Madness that as a business, we're not. 0 Quote Link to comment Share on other sites More sharing options...
RRFC_Liam Posted December 16, 2022 Share Posted December 16, 2022 5 minutes ago, Salvo Montalbano said: Thought your Dean Park Hotel man was loaded? He not the obvious candidate? He supposed to be but as you say maybe not a candidate 0 Quote Link to comment Share on other sites More sharing options...
vikingTON Posted December 16, 2022 Share Posted December 16, 2022 There's no reason why Raith can't be a stable club under fan ownership. It might not always be a Championship club but that's not the purpose of the exercise. The Stockholm Syndrome of begging some other clown to come in and write IOUs every year while asset stripping the place is understandable but still completely incorrect. We were fortunate to turf out our daft owners before they could actually flip all of the land into their own hands - and were most fortunate that they were willing to take that L, so long as they got out of the place without losing any more money. Personally I think a 50-50 model between a fans' group and local investors is the best setup in principle, which I think will sooner or later come to pass at Morton too. 1 Quote Link to comment Share on other sites More sharing options...
Enigma Posted December 16, 2022 Share Posted December 16, 2022 (edited) 8 minutes ago, johnnydun said: Would that not be the whole controversial board gone? She might see it as a fresh start? Can’t imagine she’d be particularly keen on lining John Sim’s pockets… Edited December 16, 2022 by Enigma 1 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted December 16, 2022 Share Posted December 16, 2022 1 minute ago, Enigma said: Can’t imagine she’d be particularly keen on lining John Sim’s pockets… Ahhh of course. Fair enough. 0 Quote Link to comment Share on other sites More sharing options...
Enigma Posted December 16, 2022 Share Posted December 16, 2022 (edited) I think if Colin Smart (Dean Park guy) was interested I don’t think we would have this very public plea for outside investment. Edited December 16, 2022 by Enigma 0 Quote Link to comment Share on other sites More sharing options...
SirJimmyofNic Posted December 16, 2022 Share Posted December 16, 2022 Hows the debt split, don't feckin tell me it's all on the football club and not SPP 0 Quote Link to comment Share on other sites More sharing options...
Michael W Posted December 16, 2022 Share Posted December 16, 2022 12 minutes ago, Salvo Montalbano said: Thought your Dean Park Hotel man was loaded? He not the obvious candidate? Sold his care home business for £30m, bought the Dean Park and started sinking money into it. Later became a Director of the club. I don't think he is interested tbh. Feels like he'd have gone for it by now as he is the ideal candidate and already has his foot in the door. 0 Quote Link to comment Share on other sites More sharing options...
grumswall Posted December 16, 2022 Share Posted December 16, 2022 3 minutes ago, Enigma said: Can’t imagine she’d be particularly keen on lining John Sim’s pockets… I'm not sure he will really be looking for too much in return for the club. What worries me more is the structure of everything. Theres clearly a fairly significant level of debt involved but most of it is against the club rather than spp iirc. Is he looking to sell both the club and spp or? The business model of everything has been confusing for a long time despite moves being made to make it easier to work with/ understand in recent years. 0 Quote Link to comment Share on other sites More sharing options...
Enigma Posted December 16, 2022 Share Posted December 16, 2022 Just now, grumswall said: I'm not sure he will really be looking for too much in return for the club. Doesn’t sound like he’s wanting to give it away for free either. 0 Quote Link to comment Share on other sites More sharing options...
Michael W Posted December 16, 2022 Share Posted December 16, 2022 Just now, SirJimmyofNic said: Hows the debt split, don't feckin tell me it's all on the football club and not SPP Don't really know what to tell you here, unfortunately. 0 Quote Link to comment Share on other sites More sharing options...
grumswall Posted December 16, 2022 Share Posted December 16, 2022 12 minutes ago, Enigma said: Doesn’t sound like he’s wanting to give it away for free either. It reads like he's more interested in seing the club survive long term rather than making any money from the sale, which is probably impossible anyway. 0 Quote Link to comment Share on other sites More sharing options...
SirJimmyofNic Posted December 16, 2022 Share Posted December 16, 2022 https://www.bbc.co.uk/sport/football/64004009 0 Quote Link to comment Share on other sites More sharing options...
Beachbum Posted December 16, 2022 Share Posted December 16, 2022 34 minutes ago, johnnydun said: Would that not be the whole controversial board gone? She might see it as a fresh start? Or a combo of Val, Gordon Brown and our very own Shaughan McGuigan? Just in case you weren't joking, don't want Gordon Brown anywhere near our club. 3 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted December 16, 2022 Share Posted December 16, 2022 3 minutes ago, Beachbum said: Just in case you weren't joking, don't want Gordon Brown anywhere near our club. Just thought of a supporter with heaps of cash. I would say that he knows how to work to a budget but we all know that's a lie. 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.