Re: Major ownership development
Posted: 21 Jun 2025, 19:37
Realistically could supporters have hoped for anyone better than guy?
Yep,much preferable to some Billy big bootsCTFC.Harry wrote: ↑22 Jun 2025, 23:03 Excellent news. Really optimistic. Well done to the board and hopefully everything goes smoothly. Happy days.
Really interesting. Thanks.Shade wrote: ↑23 Jun 2025, 16:34 So, if what I've looked up is correct, assuming that the period of exclusivity began on Saturday when we were told about it, and assuming Mike Garlick decides to proceed, the sale could be signed, sealed and delivered anywhere between 14th July and 15th September.
The shortest period for the period of exclusivity is usually 2 weeks, or could be as long as 8 weeks. How long it is should be written into the agreement between CTFC and Mike Garlick but given JP has said he believes he's hopeful of investing during this transfer window, you'd hope it's 2-3 weeks max.
The EFL checks usually take an average of 3 weeks, but anything between 1 and 4 weeks, depending on how complicated the buyer's history is. As we have seen, Mike Garlick has a good record with business, so this should hopefully be straightforward and take no more than 3 weeks - hopefully quicker.
I'm going to plump for somewhere around 1st August, which would at least give us a month with a bit of extra in the budget, even if most of the better players are gone by then (wonder if we'd have enough to actually purchase a player or two?!).
They didn't leave for money but for other reasons from what I can tell. There are ten clubs with lower attendances than us so if we we are low in the budget range (I do not believe for a moment that we are bottom two) then it's due to a) lack of investment and b) lack of revenue vs other clubs at this level which results from lack of investment over time for example still not electronic advertising boards, no fan zone, no revenues from training ground facilities.Jerry St Clair wrote: ↑23 Jun 2025, 19:54Really interesting. Thanks.Shade wrote: ↑23 Jun 2025, 16:34 So, if what I've looked up is correct, assuming that the period of exclusivity began on Saturday when we were told about it, and assuming Mike Garlick decides to proceed, the sale could be signed, sealed and delivered anywhere between 14th July and 15th September.
The shortest period for the period of exclusivity is usually 2 weeks, or could be as long as 8 weeks. How long it is should be written into the agreement between CTFC and Mike Garlick but given JP has said he believes he's hopeful of investing during this transfer window, you'd hope it's 2-3 weeks max.
The EFL checks usually take an average of 3 weeks, but anything between 1 and 4 weeks, depending on how complicated the buyer's history is. As we have seen, Mike Garlick has a good record with business, so this should hopefully be straightforward and take no more than 3 weeks - hopefully quicker.
I'm going to plump for somewhere around 1st August, which would at least give us a month with a bit of extra in the budget, even if most of the better players are gone by then (wonder if we'd have enough to actually purchase a player or two?!).
It does feel that we've actually stumbled into a fairly acute and urgent need for this deal to be concluded quickly. I wouldn't have expected us to be in this position only a few weeks back. It's clear that our financial situation, compared to others in the league, has deteriorated hugely in the past year and we are now likely occupying the L2 relegation places in terms of financial muscle. The Bradbury and Haynes departures confirm we are basically fishing in a non-league pool without quick investment.
But FFP should come into it too and the FA need to grow a pair.Robin wrote:MK were taken over by a middle eastern investment group that want to bring premier league football. Yes they spent a huge fee for Collins but they also offered offered Dan Crowley a rumoured £4k a week in wages in January to get him out of Notts County and offered £150k for an aged Crewe defender. Point is they have stupid financial resources for this level currently and no other team can come close.
We do have electronic advertising on the scoreboard. If you mean pitch side , which you have brought up before, there is no room. You seem to have forgotten that the fan zone is coming on the Parklands area. The training ground gets revenue support for the Academy as well as being rent free so a net asset.Robin wrote: ↑25 Jun 2025, 07:57They didn't leave for money but for other reasons from what I can tell. There are ten clubs with lower attendances than us so if we we are low in the budget range (I do not believe for a moment that we are bottom two) then it's due to a) lack of investment and b) lack of revenue vs other clubs at this level which results from lack of investment over time for example still not electronic advertising boards, no fan zone, no revenues from training ground facilities.Jerry St Clair wrote: ↑23 Jun 2025, 19:54Really interesting. Thanks.Shade wrote: ↑23 Jun 2025, 16:34 So, if what I've looked up is correct, assuming that the period of exclusivity began on Saturday when we were told about it, and assuming Mike Garlick decides to proceed, the sale could be signed, sealed and delivered anywhere between 14th July and 15th September.
The shortest period for the period of exclusivity is usually 2 weeks, or could be as long as 8 weeks. How long it is should be written into the agreement between CTFC and Mike Garlick but given JP has said he believes he's hopeful of investing during this transfer window, you'd hope it's 2-3 weeks max.
The EFL checks usually take an average of 3 weeks, but anything between 1 and 4 weeks, depending on how complicated the buyer's history is. As we have seen, Mike Garlick has a good record with business, so this should hopefully be straightforward and take no more than 3 weeks - hopefully quicker.
I'm going to plump for somewhere around 1st August, which would at least give us a month with a bit of extra in the budget, even if most of the better players are gone by then (wonder if we'd have enough to actually purchase a player or two?!).
It does feel that we've actually stumbled into a fairly acute and urgent need for this deal to be concluded quickly. I wouldn't have expected us to be in this position only a few weeks back. It's clear that our financial situation, compared to others in the league, has deteriorated hugely in the past year and we are now likely occupying the L2 relegation places in terms of financial muscle. The Bradbury and Haynes departures confirm we are basically fishing in a non-league pool without quick investment.
New signings coming today. Hopefully we will also fish non league and land more like Thomas and Archer.Jerry St Clair wrote: ↑23 Jun 2025, 19:54Really interesting. Thanks.Shade wrote: ↑23 Jun 2025, 16:34 So, if what I've looked up is correct, assuming that the period of exclusivity began on Saturday when we were told about it, and assuming Mike Garlick decides to proceed, the sale could be signed, sealed and delivered anywhere between 14th July and 15th September.
The shortest period for the period of exclusivity is usually 2 weeks, or could be as long as 8 weeks. How long it is should be written into the agreement between CTFC and Mike Garlick but given JP has said he believes he's hopeful of investing during this transfer window, you'd hope it's 2-3 weeks max.
The EFL checks usually take an average of 3 weeks, but anything between 1 and 4 weeks, depending on how complicated the buyer's history is. As we have seen, Mike Garlick has a good record with business, so this should hopefully be straightforward and take no more than 3 weeks - hopefully quicker.
I'm going to plump for somewhere around 1st August, which would at least give us a month with a bit of extra in the budget, even if most of the better players are gone by then (wonder if we'd have enough to actually purchase a player or two?!).
It does feel that we've actually stumbled into a fairly acute and urgent need for this deal to be concluded quickly. I wouldn't have expected us to be in this position only a few weeks back. It's clear that our financial situation, compared to others in the league, has deteriorated hugely in the past year and we are now likely occupying the L2 relegation places in terms of financial muscle. The Bradbury and Haynes departures confirm we are basically fishing in a non-league pool without quick investment.
It's the EFL responsible for financial governance in L2, not the FA, and there is no FFP. We have the Salary Cap Management Protocol (SCMP) in L2. That basically limits clubs from exceeding 50% of their turnover on player expenditure but only players over 21.ctfc-fan wrote: ↑25 Jun 2025, 09:18But FFP should come into it too and the FA need to grow a pair.Robin wrote:MK were taken over by a middle eastern investment group that want to bring premier league football. Yes they spent a huge fee for Collins but they also offered offered Dan Crowley a rumoured £4k a week in wages in January to get him out of Notts County and offered £150k for an aged Crewe defender. Point is they have stupid financial resources for this level currently and no other team can come close.
Can you publish your costing and definite pay back time and figure please. The Man City was a one off. Our regular advertisers boards would be obscured and no room left for the frost covers to be left pitch side in the winter so your idea is not workable. As well as the lease issue explained by Si Parklands is not viable for a fan zone with the car park entrance and safety issues mixing traffic and large groups on foot.Robin wrote: ↑25 Jun 2025, 10:14 Horlick we had electric advertising boards for the Man City so it can definitely be done at least behind the goals until the new main stand is built. They are expensive but definitely pay back over time. Will fan zone be in Parklands or Cakebridge place, that's unclear.
Essentially the reason rich foreign investment is now going into unfashionable lower league clubs rather than those up the pyramid who have established fan bases but huge amounts of debts.Jerry St Clair wrote: ↑25 Jun 2025, 11:03It's the EFL responsible for financial governance in L2, not the FA, and there is no FFP. We have the Salary Cap Management Protocol (SCMP) in L2. That basically limits clubs from exceeding 50% of their turnover on player expenditure but only players over 21.ctfc-fan wrote: ↑25 Jun 2025, 09:18But FFP should come into it too and the FA need to grow a pair.Robin wrote:MK were taken over by a middle eastern investment group that want to bring premier league football. Yes they spent a huge fee for Collins but they also offered offered Dan Crowley a rumoured £4k a week in wages in January to get him out of Notts County and offered £150k for an aged Crewe defender. Point is they have stupid financial resources for this level currently and no other team can come close.
The catch is that "turnover" can include cash injections, so a sugar daddy owner can simply pump money in and that's absolutely fine. The rules are being tweaked this year to try and limit equity injections. Also, u21s who are considered established first team players will no longer be exempted. These are pretty minor tweaks though.
Basically, in the modern world of wealthy owners even in the basement division, the SCMP rules are pretty weak.
Why are almost all other clubs using electronic adverts if it's not profitable? Same with fan zones. I don't want to be demeaning but if we want to progress we have to get with the times and be more towards the forward end of the curve rather than last too everything.horlickfanclub wrote: ↑25 Jun 2025, 11:38Can you publish your costing and definite pay back time and figure please. The Man City was a one off. Our regular advertisers boards would be obscured and no room left for the frost covers to be left pitch side in the winter so your idea is not workable. As well as the lease issue explained by Si Parklands is not viable for a fan zone with the car park entrance and safety issues mixing traffic and large groups on foot.Robin wrote: ↑25 Jun 2025, 10:14 Horlick we had electric advertising boards for the Man City so it can definitely be done at least behind the goals until the new main stand is built. They are expensive but definitely pay back over time. Will fan zone be in Parklands or Cakebridge place, that's unclear.
There is also no proven interest in a fan zone. We still await the results of the survey done by the Trust.
Robin. I did not say using electronic adverts was not profitable. Please read my post again. I did not say anything about profit relating to fan zones. Please read post again.Robin wrote: ↑25 Jun 2025, 12:15Why are almost all other clubs using electronic adverts if it's not profitable? Same with fan zones. I don't want to be demeaning but if we want to progress we have to get with the times and be more towards the forward end of the curve rather than last too everything.horlickfanclub wrote: ↑25 Jun 2025, 11:38Can you publish your costing and definite pay back time and figure please. The Man City was a one off. Our regular advertisers boards would be obscured and no room left for the frost covers to be left pitch side in the winter so your idea is not workable. As well as the lease issue explained by Si Parklands is not viable for a fan zone with the car park entrance and safety issues mixing traffic and large groups on foot.Robin wrote: ↑25 Jun 2025, 10:14 Horlick we had electric advertising boards for the Man City so it can definitely be done at least behind the goals until the new main stand is built. They are expensive but definitely pay back over time. Will fan zone be in Parklands or Cakebridge place, that's unclear.
There is also no proven interest in a fan zone. We still await the results of the survey done by the Trust.
Fair point. I used the term relegation figuratively rather than literally. I suspect you can count the number of clubs we could compete with financially in L2 in the fingers of one hand. I'd say those are Accrington and Barrow (who we could probably outmuscle), and Bromley and Harrogate (who we are probably on a par with).Robin wrote: ↑25 Jun 2025, 07:57They didn't leave for money but for other reasons from what I can tell. There are ten clubs with lower attendances than us so if we we are low in the budget range (I do not believe for a moment that we are bottom two) then it's due to a) lack of investment and b) lack of revenue vs other clubs at this level which results from lack of investment over time for example still not electronic advertising boards, no fan zone, no revenues from training ground facilities.Jerry St Clair wrote: ↑23 Jun 2025, 19:54Really interesting. Thanks.Shade wrote: ↑23 Jun 2025, 16:34 So, if what I've looked up is correct, assuming that the period of exclusivity began on Saturday when we were told about it, and assuming Mike Garlick decides to proceed, the sale could be signed, sealed and delivered anywhere between 14th July and 15th September.
The shortest period for the period of exclusivity is usually 2 weeks, or could be as long as 8 weeks. How long it is should be written into the agreement between CTFC and Mike Garlick but given JP has said he believes he's hopeful of investing during this transfer window, you'd hope it's 2-3 weeks max.
The EFL checks usually take an average of 3 weeks, but anything between 1 and 4 weeks, depending on how complicated the buyer's history is. As we have seen, Mike Garlick has a good record with business, so this should hopefully be straightforward and take no more than 3 weeks - hopefully quicker.
I'm going to plump for somewhere around 1st August, which would at least give us a month with a bit of extra in the budget, even if most of the better players are gone by then (wonder if we'd have enough to actually purchase a player or two?!).
It does feel that we've actually stumbled into a fairly acute and urgent need for this deal to be concluded quickly. I wouldn't have expected us to be in this position only a few weeks back. It's clear that our financial situation, compared to others in the league, has deteriorated hugely in the past year and we are now likely occupying the L2 relegation places in terms of financial muscle. The Bradbury and Haynes departures confirm we are basically fishing in a non-league pool without quick investment.
What's so different with our ground that any other? Can it be fixed with the new main stand (whenever it's built).
Probably being even less of an expert - I would question why they had to be continuous ? Surely with modern optical systems and cabling, it would be possible to run one screen into another even if they were a distance apart? Nothing to do with the other restrictions however.asl wrote: ↑26 Jun 2025, 07:48 I'm no expert but I presume these boards have to be fitted as a continuous panel? In which case, behind the goals is fine - but on the side of the existing main stand, you have the Canteen area that is set deeper towards the pitch than the rest plus at least five 'gaps' to somehow bridge. I don't know how thick these boards are, but let's say they're 6". That brings the Canteen protrusion close to the pitch, limits access via the gate and also limits the walkway between the Paddock and Tunnel where the dugouts are. There would be little advertising benefit to having a run in front of the CF as the lone camera position would never see that. Designing the new stand correctly should fix these issues. Maybe it could incorporate a second camera position to make building a wall and fitting boards on the other side an option? Talking of which, isn't it surprising that we don't have to have a barrier in front of the CF...?
And before anyone says "well we had them for the Man City game" - there were no fans in the ground for that game so many of the access issues were negated.