What's new
  • Club announcement
    New manager appointed
    Tranmere Rovers have appointed Darrell Clarke as the club’s new manager.
    View profile Discuss this

So next season

Rockford's Love Child said:
Ha ha. I know precisely what work auditors do regarding going concern.
Click to expand...
I think your posting history shows you don't have a rudimentary knowledge of business or economics. All things boil down to you don't like Palios. You even announced you stood by your term rogue, which is odd as nothing you have ever posted has suggested anything roguish.
 
bigmart said:

Independent Football Regulator final regulations: What clubs must do now | Mills & Reeve

A practical guide to the Independent Football Regulator’s final regulations, outlining what clubs must do now to prepare for licensing, governance and compliance during the transition period.
www.mills-reeve.com

The new regulations will require a lot more information and details so I have doubts it will be done anytime soon
Click to expand...
They have stated previously that any sale that had substantially completed the EFL approval process but not actually complete by the start of April would likely see minimal delay, so we have to hope that they stick to that. It's worth bearing in mind though that the regulator has the power to and will, retrospectively examine every club ownership and can require current owners to sell/leave if they find anything they don't like, so it's important that they do give their approval to the process.
 
dollar'sbloke said:
How? It is limited to turnover, not clear how a take over achieved that
Click to expand...
Read the new rules, Palios stated that the budget if the sale doesn't go ahead will be the maximum allowed under the new rules, with he and Nicola continuing to fund as required (the rules still allow owners to put money in, but now no longer limitless but also limited to a percentage of turnover) but that the budget if the sale goes ahead will be larger. That indicates there will either be an allowable capital injection, new sponsorship deals or new commercial deals which would all increase the turnover figure used for the rules.
 
Though you have to join the dots somewhat, there was actually a great deal of new info in the Q&A answers, not least confirmation of the current bidder (it is Ascent Capital Partners) that the reason for the slow EFL approval process was because they were operating on the basis that the new Regulator was going live, so conducting a deeper dive than they otherwise would have done, that the 'Fund' leading the bid has multiple investors, and each of those investing more than 10% would have required EFL clearance, including ascertaining the source of funds, not just for the sale but for a minimum of two years operation of the club, that the 'owners' will be remote, albeit installing one or more 'representatives' at the club, that the manager 'hunt' is being conducted with the incoming owners, so any candidate will have been told who they are, their proposed budget and plans for the club, that the club will be lowering the age of the squad (matching DAV's ethos) that the budget for next season will be the maximum possible even if the sale hasn't completed, that the two other interested parties have also cleared the EFL approvals process etc. It is also genuinely the case that the club need to seek guidance from the new regulator, though hopefully as the process had largely completed, they will just be able to rubber stamp it. As soon as that happens, the sale could complete that same day, so it is also still the case that the sale could complete 'any time' but if the Regulator doesn't have their act together there could be further indeterminate delays (and as a Non Governmental Department Public Body that's probably likely) but even if that happens, things are still moving for the preparation of next season.
 
StuartR said:
Read the new rules, Palios stated that the budget if the sale doesn't go ahead will be the maximum allowed under the new rules, with he and Nicola continuing to fund as required (the rules still allow owners to put money in, but now no longer limitless but also limited to a percentage of turnover) but that the budget if the sale goes ahead will be larger. That indicates there will either be an allowable capital injection, new sponsorship deals or new commercial deals which would all increase the turnover figure used for the rules.
Click to expand...
Haven't read any rules old or new to be fair. Obviously new revenue is new revenue.
They could sort the dome out for a million and get turnover up by two million a year. They'd incur losses in year one but the budget would be swollen and with enough hype the venue could work?
I guess not only buying Palios's shares but also issuing new ones would also swell turnover?
Got a horrible feeling we may get a fur coat but without the under garment
 
StuartR said:
Though you have to join the dots somewhat, there was actually a great deal of new info in the Q&A answers, not least confirmation of the current bidder (it is Ascent Capital Partners) that the reason for the slow EFL approval process was because they were operating on the basis that the new Regulator was going live, so conducting a deeper dive than they otherwise would have done, that the 'Fund' leading the bid has multiple investors, and each of those investing more than 10% would have required EFL clearance, including ascertaining the source of funds, not just for the sale but for a minimum of two years operation of the club, that the 'owners' will be remote, albeit installing one or more 'representatives' at the club, that the manager 'hunt' is being conducted with the incoming owners, so any candidate will have been told who they are, their proposed budget and plans for the club, that the club will be lowering the age of the squad (matching DAV's ethos) that the budget for next season will be the maximum possible even if the sale hasn't completed, that the two other interested parties have also cleared the EFL approvals process etc. It is also genuinely the case that the club need to seek guidance from the new regulator, though hopefully as the process had largely completed, they will just be able to rubber stamp it. As soon as that happens, the sale could complete that same day, so it is also still the case that the sale could complete 'any time' but if the Regulator doesn't have their act together there could be further indeterminate delays (and as a Non Governmental Department Public Body that's probably likely) but even if that happens, things are still moving for the preparation of next season.
Click to expand...
Davs ethos doesn't inspire me
Other than that the big take away is Mark claims to have the short term covered. Bit odd as he didn't really have the last twelve months so, or the period before his public announcement of doing so.
Maybe he is just very confident it won't be needed
 
dollar'sbloke said:
Davs ethos doesn't inspire me
Other than that the big take away is Mark claims to have the short term covered. Bit odd as he didn't really have the last twelve months so, or the period before his public announcement of doing so.
Maybe he is just very confident it won't be needed
Click to expand...
I think it's the case that a) the losses won't be as great due to the tighter financial rules limiting what can be put in, so though the budget would be the maximum it could be, it will be less than it was this season b) either they are confident the sale will complete soon or that it will whenever and what they will receive as proceeds from the sale will more than cover any losses in the meantime, so they aren't going to be financially 'ruined' by continuing to support the club. And I'm not entirely sure that the majority of fans are ready for what's coming under the new owners, different isn't always entirely better. I'm unsure at this point whether they are all talk or whether they really have some drive behind them. They 'might' have access to very substantial investment through their sports fund, so we may see quite quickly substantial investment in infrastructure but I'm not sure that's certain and certainly in terms of performance on the pitch, it may be a few seasons before we start seeing much improvement. I wouldn't be surprised at all to see an average mid table performance next season, that would be preferrable to a repeat of this season of course, but not sure that's what many are expecting.
 
StuartR said:
Though you have to join the dots somewhat, there was actually a great deal of new info in the Q&A answers, not least confirmation of the current bidder (it is Ascent Capital Partners) that the reason for the slow EFL approval process was because they were operating on the basis that the new Regulator was going live, so conducting a deeper dive than they otherwise would have done, that the 'Fund' leading the bid has multiple investors, and each of those investing more than 10% would have required EFL clearance, including ascertaining the source of funds, not just for the sale but for a minimum of two years operation of the club, that the 'owners' will be remote, albeit installing one or more 'representatives' at the club, that the manager 'hunt' is being conducted with the incoming owners, so any candidate will have been told who they are, their proposed budget and plans for the club, that the club will be lowering the age of the squad (matching DAV's ethos) that the budget for next season will be the maximum possible even if the sale hasn't completed, that the two other interested parties have also cleared the EFL approvals process etc. It is also genuinely the case that the club need to seek guidance from the new regulator, though hopefully as the process had largely completed, they will just be able to rubber stamp it. As soon as that happens, the sale could complete that same day, so it is also still the case that the sale could complete 'any time' but if the Regulator doesn't have their act together there could be further indeterminate delays (and as a Non Governmental Department Public Body that's probably likely) but even if that happens, things are still moving for the preparation of next season.
Click to expand...
I agree there was a lot of good info in the release despite some wishing to say otherwise!
The only issue I think that has been deliberately glossed over by MP comes in question 8 where in answer to the question of the budget contingency for next season he says that a budget has been set at the maximum permitted without a takeover/ investment. Most I think have read that as we have the money for that whereas in fact what he says is that if we were to spend as per the budget that would be reliant on MP and NP "continuing to fund the Club". He doesn't however go on to say they will do that so as others have pointed out with over £2m due for repayment in November (though of course that could be rescheduled) one has to ask what actual budget we will have in reality if it doesn't happen.
 
StuartR said:
I think it's the case that a) the losses won't be as great due to the tighter financial rules limiting what can be put in, so though the budget would be the maximum it could be, it will be less than it was this season b) either they are confident the sale will complete soon or that it will whenever and what they will receive as proceeds from the sale will more than cover any losses in the meantime, so they aren't going to be financially 'ruined' by continuing to support the club. And I'm not entirely sure that the majority of fans are ready for what's coming under the new owners, different isn't always entirely better. I'm unsure at this point whether they are all talk or whether they really have some drive behind them. They 'might' have access to very substantial investment through their sports fund, so we may see quite quickly substantial investment in infrastructure but I'm not sure that's certain and certainly in terms of performance on the pitch, it may be a few seasons before we start seeing much improvement. I wouldn't be surprised at all to see an average mid table performance next season, that would be preferrable to a repeat of this season of course, but not sure that's what many are expecting.
Click to expand...
If budgets are going down across the board being out of contract will be iffy. Buyers market?
A contact if mine looked at us around 2004 and concluded it would be like setting fire to money and it would never end. I could not argue. Even worse now, get two promotions and after ten years you would still be consistently losing money.
The only way to make money is move to a majority non football venue which is feasible on the riverside somewhere. However I can think of numerous better options to make big money, although not in the UK currently.
 
ADD said:
I agree there was a lot of good info in the release despite some wishing to say otherwise!
The only issue I think that has been deliberately glossed over by MP comes in question 8 where in answer to the question of the budget contingency for next season he says that a budget has been set at the maximum permitted without a takeover/ investment. Most I think have read that as we have the money for that whereas in fact what he says is that if we were to spend as per the budget that would be reliant on MP and NP "continuing to fund the Club". He doesn't however go on to say they will do that so as others have pointed out with over £2m due for repayment in November (though of course that could be rescheduled) one has to ask what actual budget we will have in reality if it doesn't happen.
Click to expand...
This straw man is pumped here and nowhere else for obvious reasons. We have a debt against the asset, it either rolls over with the same lender or funds a new one. Worst case the ticket price goes up a bit. 1% is £20,000 pa
Getting more worried about the unforeseen effects of the new regulator. Leasing out your car park could give you a budgetary edge, where did I read about that? Criminal proceedings re Bury
 
dollar'sbloke said:
If budgets are going down across the board being out of contract will be iffy. Buyers market?
A contact if mine looked at us around 2004 and concluded it would be like setting fire to money and it would never end. I could not argue. Even worse now, get two promotions and after ten years you would still be consistently losing money.
The only way to make money is move to a majority non football venue which is feasible on the riverside somewhere. However I can think of numerous better options to make big money, although not in the UK currently.
Click to expand...
The reason for investing and the purported business plans are sound, though that is entirely different from saying they will be successful, though they may be. There will be a strong emphasis on boosting non match day income with a multi pronged approach, eventually the new stadium and leisure facilities, but also media production and sales, they have their own production company and fingers in media companies and streaming. I'm not sure there will be a Tranmere Documentary but there might, but there will almost certainly be a subscription service marketed world wide, which will in a similar way to Wrexham push the history of the club and area and community, they will be looking to develop young talent to be able to sell on players, so almost certain we'll get a new academy. There is likely to be a sports science link with the new sports university at Bidston, looking to develop 'saleable' tech and there will be software development, they are heavily into AI driven stats, developing their own methods and software and systems which they will look to sell. That's an interesting area, it's possible we'll end up with an AI having an input into team selection and tactics, even when to make subs. They'll be looking to push 'brand awareness' World wide. We don't know the make-up of the investors of the fund, just the names who head it, but it's possible there is a celeb or two who are investing, even if only at a minority level, the fund was set up to attract sports investment from sports stars and celebs so who knows, but even without celeb involvement, they'll push the brand to build world wide fan interest (again following Wrexham, but that's worked) as commercial and non match day income increases, so that increases what can be spent on the pitch and (hopefully) performances will improve with the success that leads to. This won't be instant though, and perhaps not quick, they are taking this on as a sustainable long term investment rather than looking for a quick return. And, primarily, they aren't doing it to make lots of money, they are in it for the 'game' - Their tag line

Turning Investing Into a Team Sport​

Every great team needs the right partners and we bring vision and cutting-edge technology to sports franchises ready to take their game to the next level.​


Also - "Our company-building mentality drives strategic, operational, and financial services that transform clubs into championship organizations." and their overall ethos is "building legacies that will benefit generations to come"

All sounds great, the reality, well we'll have to wait and see.
 
Wrexham was a one off, it just worked and everything fell into place.
Back in the eighties we used to say why didn't we invent UPVC windows. The point is everyone can see the merit after someone has invented something.
The rest might work, thing is to be truly innovative not being a copycat.
Often thought we could run a sports high school for kids showing promise at 11 in a variety of sports. Would be easy to take over one of the town's secondaries.
 
dollar'sbloke said:
Wrexham was a one off, it just worked and everything fell into place.
Back in the eighties we used to say why didn't we invent UPVC windows. The point is everyone can see the merit after someone has invented something.
The rest might work, thing is to be truly innovative not being a copycat.
Often thought we could run a sports high school for kids showing promise at 11 in a variety of sports. Would be easy to take over one of the town's secondaries.
Click to expand...
That may be true, there have been other 'attempts' which haven't taken off in the same way, but that doesn't mean that something 'new' is bound to fail. Someone might find a way to tell the stories in a way to engage people in a similar manner, but yes, copying and hoping won't work, it will have to be a new approach. And don't forget we have the link up with Calday, though that's from 16 rather than 11.
 
There are lots of avenues to explore, some mentioned above but it does not have to follow the 'Wrexham' model. It will be interesting to see ..
 
StuartR said:
That may be true, there have been other 'attempts' which haven't taken off in the same way, but that doesn't mean that something 'new' is bound to fail. Someone might find a way to tell the stories in a way to engage people in a similar manner, but yes, copying and hoping won't work, it will have to be a new approach. And don't forget we have the link up with Calday, though that's from 16 rather than 11.
Click to expand...
So much more civilised now, when I was there we were forced to play rugby:(
 
Boz said:
So much more civilised now, when I was there we were forced to play rugby:(
Click to expand...
Yep, Rugby, Hockey and the ever so lovely Cross Country, Cricket, but then we did have the likes of sailing and occasionally golf in the Summer terms. Though the school was pretty successful with Rugby and Hockey in the 80s.
 
  • Like
Reactions: Boz
You must log in or register to reply here.
Back
Top