Duxbury Out

Granted they rarely filled it, but Wigan's stadium is 25k, throughout their time in the Prem their average attendances ranged from about 16k to 20k

 

Quite possibly passing us on the way to the Prem?

 

Yes, Abramovich is much more successful and appoints much more talented people to work with him. You have to go back 35 years to find another team outside the traditional European elite that's won 2 champions leagues like Abramovic has. Man City and PSG are still on 0.

 

I was speaking from a morality perspective

 

No comment

 

Simpson needed minders everywhere he went. Gino way too cool for that

 

I think the criticisms are generally in two areas (that are somewhat interlinked):

i) they've made obvious mistakes that fans could see at the time. e.g. extending contracts for ageing, waning/injury prone players, not strengthening right areas of squad with what little money was available. Whilst they have made some foreseeable errors and that's frustrating, overall it's hard to argue with their decision making, given the success we've had.

ii) the debt they've racked up could be an existential threat to the club. Short term on field success is great but not if it threatens the future of the club. This might sound dramatic and may be an unwarranted concern but think it's reasonable to question it given the debt was rapidly rising every year since the first promotion. On the flip side, if you think they've borrowed against everything and the well is relatively dry, then you can understand some of i) as you see that their hands are tied (albeit by circumstances of their own making).

On the pitch, the Pozzo ownership has obviously been a success. Think the jury's out on whether or not the club's future is secure though. If the last two seasons have seen their cost cutting lead to us being on a more sustainable footing, then that will dispel a lot of the worries that people have about them.

 

While we try to stay or get to the Premier League I would think our clubs security will be in the balance as we try stay at that level. It's trying to get there and stay that has been the downfall of many a club. The likes of West Brom and Norwich probably get it right

 

I would suggest Burnley are the best example of a team getting it right?

 

Until their takeover by a group that immediately leveraged all their assets to complete the takeover using some sort of financial jiggery pokery I don't fully understand. Up until that point I think their debt was minimal.

 

Been there a while. Will be interesting to see if they go down this year although they do seem to be sensibly run

 

Before the current regime bought us we were a top 40 club, now we are a top 25 club, flirting with top 17 status, it’s a huge jump from where we were.

 

I think of our recent contemporaries, Palace rather than Burnley are the best example of a small club that look like they are getting it right.

 

Until now, taken over with a leveraged buyout and made minimal investment in the playing staff. If they go down I’d imagine they will be screwed, because their ability to service their new found debt is based on having the income of a PL club. If they couldn’t afford to suitably strengthen with a PL budget, I’m not sure how they’ll service the debt and keep enough players to get back up without one.

It works fine for the Glazers as Utd will never be relegated, so they will always be able to service the debt comfortably, if Burnley are relegated their income will crater but their debt won’t be going anywhere.

 

Yes, they’ve recently had a decent chunk of investment of course, but it’s investment not debt as in Burnley’s case. Burnley were saddled with debt and received next to no investment in their playing squad in return, a recipe for disaster.

 

I must say I still don’t understand this leveraged buyout. Surely most of the money can’t just come from borrowing against club assets or I could just rock up and buy AC Milan?

 

No you can't because I just have.

 

Explains it fairly well here:

https://amp.theguardian.com/footbal...-left-club-90m-worse-off-and-loaded-with-debt

I guess there are couple of elements that come in, you’d need to pass the fit and proper person test which I assume requires you to have a certain amount of capital etc to be allowed to buy a club in the first place.

I believe the loan itself is from a Michael Dell, secured on turf moor. I don’t know your financial standing, but I assume for him to make this loan to the consortium that bought Burnley in the first place, he’d need to be satisfied they’ve got the financial clout to support it.

 

Fit and Proper test just killed my Milan dream.

 

Duxbury has never been fit and proper in his whole professional career but it hasn’t stopped him. You can do it Jumbo.

 

To add, the basic structure/benefit of an LBO is that a) debt repayments are tax-deductible in most countries so it is very tax efficient and b) it frees up cash to spend on improving rather than purchasing the asset.

 

makes sense. But if you are Burnley you still prefer if before LBO though?

 

Probably not given the track record of teams acquired via LBOs (most prominently United) but I don’t think it is necessarily bad (although it is certainly beneficial for Alan Pace/ALK Capital).

 

well it lasted for a little over two hours!

 

I've got a top notch score on Experian. I'll back you Jumbo

 

Consortium complete. I’ll email the Milan board after I’ve walked the dogs and tell them to clear their things.

 

Has this stable **** gone yet?

 

I can't remember when the quote is from but will this be 2 relegations in 3 seasons since Duxbury said we want to be best of the rest? At what point does his job come under threat?

I reckon Pozzo and Duxbury have plenty of dirt on each other so they'll only part ways if he quits or Gino sells up.

 

MSD (the hedge fund owned by Michael Dell) regularly loan money to football clubs, they gave Derby £20m, Southampton £80m along with West Ham, Burnley + Sunderland money in the past. The hedge fund controls billions so they've got a decent wad!

 

If only we'd had a manager like Sean Dyche. Didn't he used to play for us?

 

No idea, but I'm guessing the answer will be 0 months

 

Has he left yet ? Has he communicated to us ....after all that's his strength so he told us LOL. I would love to know what lessons were learnt and what new lessons are still on his list to learn. I think the club would have half a chance of survival if he left today as it would galvanise the fans behind the team ..... so if you care about the club, do the right thing and go.

 

It was time we heard from a Tory MP on here.