Club Ownership

[LG__]

Great farewell message imo,

Slightly concerning in regards to the second last line of his message saying he’s $7 million out of pocket?

If that’s really what Rich has personally spent the last couple years chasing success one can fully understand him walking away, but I think we can all assume MC will not be putting anywhere near as much money in.

 

[Tevor]

Nice farewell letter, had a few chats with Rich in person on some of the tours and he was always open and appeared honest about the APL and the Club. I have no doubt we are in a better place than when he started. Let’s hope it’s not the spiral to the bottom again under MC.

 

[FFC Mariner]

Cant make the hurdles MC set him so bailing and blaming the funding cuts.
Interesting as MC could be remote knowing he had Shaun. Not sure he will have confidence in the APL hire

 

[dlanod]

Well that's f**ked.

 

[Big Al]

Well Rich was a tough bastard and had great success. Was a great time and a great team that won’t be forgotten.


May also have killed off the people who would work for no money though and would desperately be needed to find the change under the couch.

Trouble’s ahead and more moves to Canberra and North Sydney back on the agenda.

APL killed any hope i would guess

 

[crock]

Right now the club needs us more than anything

 

[Michael]

So, as a very glass half full type of guy when it comes to my football club, I feel like now is a correct moment to hit the petrified button…

 

[Big Al]

Right now the club needs us more than anything

Should be ok this season. Will be similar to the Moss post Arnie season. It’s the year after and so on that is the worry.

Neither charlesworth or Peil could get backers.

Auckland is out there selling part ownership to NBA and other NZ stars

 

[scoober]

Right now the club needs us more than anything

We should start a Supporters Trust.......

 

[Michael]

Cant make the hurdles MC set him so bailing and blaming the funding cuts.
Interesting as MC could be remote knowing he had Shaun. Not sure he will have confidence in the APL hire

What do you mean? The funding cuts can’t not be an excuse. It’s f**king massively detrimental to the entire league. Rich is well off but he’s not topping any money list. Can’t hate him for bailing, he didn’t want to go bankrupt.

Our only hope is that someone wealthy somewhere in the world happened to see what our club did in the last 2 seasons and feels like burning cash.

 

[FFC Mariner]

We should start a Supporters Trust.......

Who have all signed an NDA? That trust?
He wont have woken up this morning and decided to bail, this would have been on the cards for ages

 

[Corsair]

6 days before the season starts we find out the Chairman has quit.

New CEO.

Most of the experienced staff gone.

Charlesworth back in the Chairman's seat.

Very young inexperienced squad with our best player injured before the season even starts.

We're in deep shit now, gonna be a rough ride, we better get behind Jacko and support the coaching staff if things start going downhill, they're all we've got left now.

 

[bikinigirl]

Cant make the hurdles MC set him so bailing and blaming the funding cuts.

. i can't follow this logic

. i think it was his hurdles of sustainability that were too hard to achieve (yes, thank you APL) ... there was always a risk that he realised before the three years was up that owning a football club (or 50% of one) is always going to cost money (for it to be what you want) and that he would walk away

. to me, the risk was always that Rich wouldn't want to buy 50% of the club ... not that hurdles wouldn't be met

... and why would Mike not want someone to share half the losses. best case scenario for Mike is that his outgoings just doubled* - a worse, but more likely scenario, is that he returns to his previous ways and invests less and the self-perpetuating: spend less, make a lot less continues

* but i believe Rich has been funding all of the recent losses so there is no maths to express that as a multiple

 

[FFC Mariner]

So. You are agreeing he couldn't meet the hurdles so he quit?
No criticism. I don't have the money to fund a club either. The community should.

 

[JB16]

We should start a Supporters Trust.......

A sensible idea, that I would fully be on board with.. only way we can get rid of this prick

 

[adz]

IMO the community ownership thing is a bit of a fantasy and the club should be chasing more/bigger corporate sponsors, more members - I guess thats where the community comes into it. The sponsors not sure why we only stick to local companies when we play in a nationwide comp that also plays in Asia. We could also get a sports betting company on board, they have lots of cash. They're no worse than a crypto company.

 

[Coastalraider]

Oh no… we suck again…

 

[bikinigirl]

So. You are agreeing he couldn't meet the hurdles so he quit?

. not exactly ... i think he would have walked away regardless - and he set the hurdles so he didn't have to quit. it is a subtle difference in my eyes and one i don't expect other people to distinguish

. i'm not disputing the hurdles weren't met but it is more of an excuse than a reason in my opinion

 

[AJames]

IMO the community ownership thing is a bit of a fantasy and the club should be chasing more/bigger corporate sponsors, more members - I guess thats where the community comes into it. The sponsors not sure why we only stick to local companies when we play in a nationwide comp that also plays in Asia. We could also get a sports betting company on board, they have lots of cash. They're no worse than a crypto company.

Signed a partnership with NSW Gov, saying we won’t have or advertise any betting partners.

 

[bikinigirl]

IMO the community ownership thing is a bit of a fantasy

. agreed

. how many of the people that keep pushing this agenda* are able to contribute more than a couple of bucks per year (out of the ~$3m needed) ... i.e. 30,000 people would need to be chucking in $100 a year, every year ... just to maintain the status quo (assuming we maintain success and everything else on the pitch) - at the very best, maybe 10% of that would be possible

. and that doesn't even consider the initial buy in ... which is what Mike has been holding out for all these years - and would be multiples of these figures

* i am not trying to discourage the passion, just trying to be realistic