Post by rickyqpr on Apr 5, 2023 7:55:24 GMT
Our rapid demise towards the third tier made me think again about the insanity of football club ownership.
Owners of Premier League clubs can rejoice in the cashflow (e.g Brighton & Brentford) with only the fear of what relegation could mean.
At the other end of the Prem spectrum, the insane spending by Chelsea just emphasises how crazy and rich you need to be to get involved with a club like that.
In the Championship, owners are chasing that crock of gold, receiving constant abuse on social media, with most clubs losing small and large fortunes.
Proven businessman act like idiots the minute that they take control of a football club, chasing some egotistic dream, behaving in ways totally contrary to how they became successful.
I give you Chris Wright and Tony Fernandes.
Some can afford it, others go broke.
When business start to fail, you either sell or wind-up. But with football, more often than not, you just keep digging.
Our owners are staring at dropping into the third tier.
They already cough up £2m trading losses a month, are paying off the FFP fine, are committed to completing a training ground and academy that has no place in a third-tier club and cannot relocate to change the business model.
Through it all, they receive constant abuse with many calling for them to sell to some other clown - probably to do the same again.
So, they are faced with an even tougher task and even bigger monthly losses without the gate and TV money, or to otherwise offer the club for sale, even though the club not really a 'going concern'.
As businessmen, the obvious answer is to wind-up and sell / asset strip. The players would probably be sold off first, maybe worth £25m but would be heavily discounted.
Then liquidate the properties at W12 and Heston, take the cash and stop paying for the monthly losses. No more QPR, and ultimately, no lower tier football.
It is much easier for foreign owners to walk away and there in lies the risk.
We have seen plenty of examples of the Bury, Macclesfield etc. but I wonder how long it will be before bigger clubs start going to the wall. Logic says it cannot go on.
But relegation will be a huge test for our owners. If they hang on with the remote chance of getting into the Prem, relegation would put that dream light years away, staring at a spreadsheet of endless loss making years, with abuse from the keyboard warriors even if they keep funding.
And on that depressing thought........
Owners of Premier League clubs can rejoice in the cashflow (e.g Brighton & Brentford) with only the fear of what relegation could mean.
At the other end of the Prem spectrum, the insane spending by Chelsea just emphasises how crazy and rich you need to be to get involved with a club like that.
In the Championship, owners are chasing that crock of gold, receiving constant abuse on social media, with most clubs losing small and large fortunes.
Proven businessman act like idiots the minute that they take control of a football club, chasing some egotistic dream, behaving in ways totally contrary to how they became successful.
I give you Chris Wright and Tony Fernandes.
Some can afford it, others go broke.
When business start to fail, you either sell or wind-up. But with football, more often than not, you just keep digging.
Our owners are staring at dropping into the third tier.
They already cough up £2m trading losses a month, are paying off the FFP fine, are committed to completing a training ground and academy that has no place in a third-tier club and cannot relocate to change the business model.
Through it all, they receive constant abuse with many calling for them to sell to some other clown - probably to do the same again.
So, they are faced with an even tougher task and even bigger monthly losses without the gate and TV money, or to otherwise offer the club for sale, even though the club not really a 'going concern'.
As businessmen, the obvious answer is to wind-up and sell / asset strip. The players would probably be sold off first, maybe worth £25m but would be heavily discounted.
Then liquidate the properties at W12 and Heston, take the cash and stop paying for the monthly losses. No more QPR, and ultimately, no lower tier football.
It is much easier for foreign owners to walk away and there in lies the risk.
We have seen plenty of examples of the Bury, Macclesfield etc. but I wonder how long it will be before bigger clubs start going to the wall. Logic says it cannot go on.
But relegation will be a huge test for our owners. If they hang on with the remote chance of getting into the Prem, relegation would put that dream light years away, staring at a spreadsheet of endless loss making years, with abuse from the keyboard warriors even if they keep funding.
And on that depressing thought........
