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Post by Deleted on May 18, 2017 6:49:37 GMT
It does however raise a few interesting points. Should we flat refuse any potential investment and dilution of our 100% fan owned model if the 'right man/team' came along? Say for instance there was some substance to the Manor House rumour. What if (as part of any potential investment deal) it came in with the CFU having first option of re-purchasing the majority shareholding should there come a time when the investor/s wanted to get out? Thus safeguarding the club in the future from any unsavoury characters getting their grubby hands on the club (ala Vaughan). Don't get me wrong, I will champion our supporter owned model all day long, and I'm not saying we should jump into bed with the first person that came along. I'm just wondering whether we should flat refuse someone/a team of investors if it allowed us to make the leap to the next level. Thoughts? agree with you totally Al, If someone wishes to put substantial funds into the club they are certainly going to want to have a major say in how the club is run , however, if it was myself I would also want to keep on board, the volunteers who do a fantastic and often unrewarded job, getting (and keeping hold of ) a good chairman as a volunteer is proving to be very trying, so getting one who would be prepared to put money into the club would be an absolute bonus in my eyes. As long as the major shareholder was the CFU I cant see a problem with Good Investment coming into the club, pity the rumours aren't true. |
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Post by sqzl on May 18, 2017 8:18:59 GMT
I don't think Mad Terry was a "good bloke". He used Chester FC as his credit card. I met him in Safeway (Morrison's) just before the season started and he told me that Ratcliffe would be gone in 2 weeks (and he was). His madness came from his father Gerald, who came over at one point and if anything was madder. Vaughan also allegedly paid him £250k to cover his non-existent investment in Chester FC. That didn't happen i can guarentee. Terry was just a man that SV could use because he had no idea at all how to manage a football club. You could pull anything behind the scenes and he wouldn't have known right from wrong. I actually feel sorry for TS. |
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Post by Hannibal on May 18, 2017 8:37:45 GMT
I don't think Mad Terry was a "good bloke". He used Chester FC as his credit card. I met him in Safeway (Morrison's) just before the season started and he told me that Ratcliffe would be gone in 2 weeks (and he was). His madness came from his father Gerald, who came over at one point and if anything was madder. Vaughan also allegedly paid him £250k to cover his non-existent investment in Chester FC. That didn't happen i can guarentee. Terry was just a man that SV could use because he had no idea at all how to manage a football club. You could pull anything behind the scenes and he wouldn't have known right from wrong. I actually feel sorry for TS. I did say allegedly, but it was reported in the Chron at the time as having been done. Not sure which is the most reliable source you or the Chron. Any body else know? You must be the only person on the planet that felt sorry for Mad Terry. He was pure evil. |
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Post by Deleted on May 18, 2017 9:48:04 GMT
I don't think Mad Terry was a "good bloke". He used Chester FC as his credit card. I met him in Safeway (Morrison's) just before the season started and he told me that Ratcliffe would be gone in 2 weeks (and he was). His madness came from his father Gerald, who came over at one point and if anything was madder. Vaughan also allegedly paid him £250k to cover his non-existent investment in Chester FC. That didn't happen i can guarentee. Terry was just a man that SV could use because he had no idea at all how to manage a football club. You could pull anything behind the scenes and he wouldn't have known right from wrong. I actually feel sorry for TS. Terry Smith never worked for Vaughan. He and his Dad owned it. Mad as a box of frogs. Vaughan 'bought' the club from the Smiths, although whether they actually got anything I don't know. |
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Post by sqzl on May 18, 2017 10:30:55 GMT
That didn't happen i can guarentee. Terry was just a man that SV could use because he had no idea at all how to manage a football club. You could pull anything behind the scenes and he wouldn't have known right from wrong. I actually feel sorry for TS. Terry Smith never worked for Vaughan. He and his Dad owned it. Mad as a box of frogs. Vaughan 'bought' the club from the Smiths, although whether they actually got anything I don't know. Showing my age, i thought TS was involved still while SV was in the process of the takeover, ie. working for Vaughan? Apologies for the rookie error if so, but i was only 7-9 years old at the time of the Smith ownership. I still don't believe the rumours regard £250k. The chron write stories to sell papers at the end of the day, while i agree there are a lot of good articles, there are also a lot of speculations in papers. Hannibal - It's entirely up to you what you believe and i respect your opinion. I'm not all good for nothing with my knowledge behind the scenes, as i did bring light on the whole 'kit' situation last week. However on this story, i am talking purely with my opinion on the speculation and no fact. |
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Post by MOC on May 18, 2017 11:01:14 GMT
I do think a combination of the passage of time and what ultimately happened to CCFC under SV has led to a tendency for some to forget just how depressing things got under Terry Smith towards the end of his reign in 2001. Episodes such as banning Barrie Hipkiss, sacking Paul Beesley for not standing in the correct place at a set-piece and replacing Graham Barrow as manager with Gordon Hill were embarrassing and lost him the lingering respect some still held for him. You only have to look at the attendances the club got in the opening weeks of the 2001-02 season to see how many fans were boycotting and refusing to hand over a penny to him as they looked to get him out of the club.
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Post by eyeswideopen on May 18, 2017 11:24:50 GMT
Lets not forget that at the time of our liquidation, SV allegedly had paid in 486K in "Vaughan family loans" and yet we had a creditor list of 217K, so in effect Vaughan's family had pumped money into the club and we still had a list of creditors as long as your arm.
So when I am now reminded that SV paid the mad yank off with 250K, I would treat this with more than a barrel of salt.
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Post by Hannibal on May 18, 2017 11:50:56 GMT
That didn't happen i can guarentee. Terry was just a man that SV could use because he had no idea at all how to manage a football club. You could pull anything behind the scenes and he wouldn't have known right from wrong. I actually feel sorry for TS. Terry Smith never worked for Vaughan. He and his Dad owned it. Mad as a box of frogs. Vaughan 'bought' the club from the Smiths, although whether they actually got anything I don't know. Not sure what your point is there Mark. I never said Mad Terry worked for Vaughan. I do remember SV had to use subterfuge to wrest the club from the Smiths. It was reported in the Chron that SV had paid Mad T £250k as a final settlement. |
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Post by midfieldgeneral on May 18, 2017 12:07:51 GMT
And some people would be willing to risk, this circus, again? lol
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Post by Deleted on May 18, 2017 12:30:53 GMT
Terry Smith never worked for Vaughan. He and his Dad owned it. Mad as a box of frogs. Vaughan 'bought' the club from the Smiths, although whether they actually got anything I don't know. Not sure what your point is there Mark. I never said Mad Terry worked for Vaughan. I do remember SV had to use subterfuge to wrest the club from the Smiths. It was reported in the Chron that SV had paid Mad T £250k as a final settlement. I was replying to sqzl mate, see above. |
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Post by billyw on May 18, 2017 15:03:19 GMT
And some people would be willing to risk, this circus, again? lol There are plenty of well-run self-owned clubs in the league. Not all owners are mad or bad. |
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Post by richard on May 18, 2017 15:07:21 GMT
And some people would be willing to risk, this circus, again? lol There are plenty of well-run self-owned clubs in the league. Not all owners are mad or bad. Quite right Billy, but we are the owners and we are certainly not all mad or bad |
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Post by sqzl on May 18, 2017 15:32:47 GMT
There are plenty of well-run self-owned clubs in the league. Not all owners are mad or bad. Quite right Billy, but we are the owners and we are certainly not all mad or bad You mustn't read enough of this forum Richard!  |
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