StroodYesAnotherOne
Vital Newbie
It's had me giggling for most of the day; new management dependant upon potential new investors .... utter horse sh*t, but funny.
until a deal is done and assuming we are not talking to Arsene Wenger about a 10 year deal; no new investor is going to give a dam .... if they are buying it for the long term, they will expect to terminate whoever is in charge, any costs would be negotiated as part of the deal... but of course these potential serious investors are probably just clambering to jump in the hot seat at Gills; after all its such a good investment right ?
the fact is, you would have to be mad, a billionaire or criminal, in order to want to buy the club; Its a terrible investment.
we dont own any assets of note, we have no history of top flight football, we are based in a relatively poor area, we dont have a positive public image, our attendance and club engagement is waining, we do have debts with directors of the club, we dont have a solid governance model, we dont have a structured approach to developing the club, we dont have a good record of player development and realising the cash in order to re-invest, the stadium staff are in constant flux, hire a new bunch, fire a bunch, hire a new bunch.
GFC is a lifestyle business, I would say with a value of between 750k-1.5m ... and if I was advising a client, it would be closer to the 750k mark. The liabilities that would come with the club at purchase are significant: several years left on a lease deal for Priestfield, directors owed money and a not insignificant amount of capital required in order to build for the future.
I'm sure others will have an opinion on the value; but honestly ... its not worth the sort of money that PS would need in order to give up the celebrity lifestyle of being a football Chairman.
Leaving to one-side my love of Gills, if I was going to buy a club in Kent .... I would look towards Maidstone (ooo, just been slightly sick), a much 'safer' and value based option.
until a deal is done and assuming we are not talking to Arsene Wenger about a 10 year deal; no new investor is going to give a dam .... if they are buying it for the long term, they will expect to terminate whoever is in charge, any costs would be negotiated as part of the deal... but of course these potential serious investors are probably just clambering to jump in the hot seat at Gills; after all its such a good investment right ?
the fact is, you would have to be mad, a billionaire or criminal, in order to want to buy the club; Its a terrible investment.
we dont own any assets of note, we have no history of top flight football, we are based in a relatively poor area, we dont have a positive public image, our attendance and club engagement is waining, we do have debts with directors of the club, we dont have a solid governance model, we dont have a structured approach to developing the club, we dont have a good record of player development and realising the cash in order to re-invest, the stadium staff are in constant flux, hire a new bunch, fire a bunch, hire a new bunch.
GFC is a lifestyle business, I would say with a value of between 750k-1.5m ... and if I was advising a client, it would be closer to the 750k mark. The liabilities that would come with the club at purchase are significant: several years left on a lease deal for Priestfield, directors owed money and a not insignificant amount of capital required in order to build for the future.
I'm sure others will have an opinion on the value; but honestly ... its not worth the sort of money that PS would need in order to give up the celebrity lifestyle of being a football Chairman.
Leaving to one-side my love of Gills, if I was going to buy a club in Kent .... I would look towards Maidstone (ooo, just been slightly sick), a much 'safer' and value based option.