Melbourne Heart FC buy out - Man City, Melbourne City FC, etc.

[jw1739]

http://www.melbournestorm.com.au/news-display/Storm-Media-Release/75199

21st May 2013

Melbourne Storm Rugby League Club today announced that it has been acquired by Holding M.S. Australia Pty Limited, an organisation made up of internationally experienced and successful businessmen. The acquisition is effective immediately. Also with immediate effect is the replacement of the News Ltd Board and Executive, which includes the replacement of Chairman Stephen Rue with Bart Campbell and CEO Ron Gauci with Mark Evans.

“It is a rare privilege to have the chance to be involved with such a club and I would like to thank News for deeming us good custodians of the Melbourne Storm” said the incoming Non-Executive Chairman Bart Campbell who will become the primary shareholder.

“The playing record of the team since foundation has been nothing short of exceptional. I was lucky enough to meet with some members of the coaching and playing group when they were in the UK for the World Club Challenge. The quality of these people is a big driver to become involved along with the challenge of taking the club forward in the great sporting city that is Melbourne.”

“News Limited, along with the whole staff, have done an excellent job over the last fifteen years of building the club within a non- traditional rugby league market. The task for the new ownership group is to add to these successes and to take the club forward in such a way to make the whole city of Melbourne proud of their NRL team” said Mr Campbell.

Mr Campbell went on to say, “We have assembled a team of shareholders from Melbourne and originally New Zealand to build on the foundations that exist today. We are all from this part of the world but international in outlook. We hope that we can bring some new ideas to the Club as a result of the experience in the shareholder group. Further, we are delighted Mark Evans has become CEO of the Melbourne Storm. He is regarded as one of the best CEO’s in any form of Rugby in the UK and he has considerable Rugby League experience.”

Mr Campbell added, “We will be sending out invites shortly for the press to meet all of the shareholders and ask first hand any questions they may have.”

 

Bart Campbell

Age: 42

COO, CSM Sports & Entertainment

 

Since 2009 Bart Campbell has been the Group COO of FTSE listed Chime Communications ("Chime's") sports division, called CSM Sport & Entertainment (www.csm.com) which has 530+ staff, in 17 offices across 15 countries and is one of the top 5 sports marketing agencies in the world. He is a member of the executive board of Chime. Prior to that he was Chief Executive of the sports marketing and management business, Essentially Group plc ("Essentially") which is part of Chime today, starting this role in 2006 (www.essentiallygroup.com). Essentially’s current clients include various commercial roles with the International Rugby Board, Rugby World Cup Sevens 2013, Super League, Rugby League World Cup 2013, the All Blacks, the ECB and the exclusive commercial rights to in stadia advertising and partnerships for all international cricket in England, including the upcoming Ashes series.

During his tenure as CEO of Essentially, Mr. Campbell grew the business from 20 to 120 professionals with offices in London, Australia, South Africa, New Zealand, India and Japan. Mr. Campbell is a former practicing sports and commercial lawyer, with a BA and LLB from Otago University in his native New Zealand. Mr. Campbell was admitted to the bar in 1994 before going on to complete a Masters in Commercial Law (Hons) from Auckland University in 1999. He successfully completed the Advanced Management Program at Harvard Business School in 2010.

Bart Campbell is the Non-executive Chairman of TLA Worldwide plc ("TLA") (www.tlaww-plc.com) which is a business working in Major League sports in the United States, with Major League Baseball being the core focus. TLA has offices in London, New York and Los Angeles.

Mark Evans

Age: 54

Founder – Capacity Consulting

Born in Ashford, Middlesex in 1959, Mark was brought up and educated in South Wales. He graduated from Cambridge University with a degree in History and Economics and completed a post graduate teaching course at the University of Bristol and spent fifteen years within a variety of state comprehensive schools in the South East of England finishing as First Deputy Head at Saffron Walden County High School, Essex.

Mark played close to 100 1st XV games for Saracens, forwards coach from 1989 becoming Head Coach in 1993. In 1996, he was appointed Director of Rugby at Saracens as rugby union went professional. In 1998 Saracens won the Tetley Bitter Cup and were runners up in the Premiership. In 2000, Mark joined Harlequins as CEO whilst at various times, simultaneously carried out the head coach and director of rugby roles winning the European Challenge Cup in 2001 and 2004. In 2008/09, Harlequins were runners up in the Guinness Premiership regular season having tripled their turnover, quadrupled their average crowd numbers as well as doubling the capacity of their ground, the Twickenham Stoop, through a three phase building programme since the start of the decade. Big Game concept was created for the Christmas holiday period in 2008 which resulted in a world attendance record for a regular season rugby union game in 2009 and continues to sell out Twickenham each year.

Mark departed Harlequins and founded Capacity Consulting in April 2011 which specialised in advising sports clubs and governing bodies on a range of revenue enhancing and strategic issues. Clients included RFU, RLWC2013, Premier Rugby, Saracens FC, St Helens RLFC and Glamorgan CC.

[thedukeofhearts]

I saw a couple other comments elsewhere that these people read somewhere that's it's someone called Global Sporting Group, or something like that. but who knows

[jw1739]

Gatty is inferring that Gerry Ryan might have an interest in the group taking over.

 

He's worth a cool $310m

 

http://www.afr.com/p/lifestyle/sport/gerry_ryan_named_cycling_australia_p8RWh9KSO3GSlYtjq7OBqL

[thedukeofhearts]

Well I like cycling and I like football. YAY !!

[HeartMillsy29]

EMBATTLED A-League club Melbourne Heart is understood to be close to being sold to a company that owns NRL club, Melbourne Storm.

Ray Gatt from the Australian again 

 

http://www.theaustralian.com.au/sport/football/melbourne-heart-close-to-being-sold/story-fn63e0vj-1226788365604

Edited December 22, 2013 by HeartMillsy29

[Pigs]

I'm still a hour away from home after going last night.. Not sure if the effort is worth it really.

[Melburnian]

Fucking sell Sidwell and co you disgraces.

[belaguttman]

from Ray Gatt. If the license is sold to the company that controls Storm then I'd imagine that it's likely that we'd swap the wheelie bins for proper training facilities at AAMI Park

 

EMBATTLED A-League club Melbourne Heart is understood to be close to being sold to a company that owns NRL club, Melbourne Storm.

Rumours of the sale swept the sport last night as the Heart slumped to yet another loss, this time 3-1 to arch rival Melbourne Victory in the Melbourne Derby at AAMI Park. It was the club's 16th loss in succession and continued to put pressure on under fire coach John Aloisi.

Heart gift-wrap Victory derby win

It is believed negotiations for the sale of Heart have been going on since the start of the season.

The Australian reported in October that there was something in the wind, though co-owner Peter Sidwell said, via a text message, that there "was no truth to the sale'' on the eve of the opening game of the season against Victory.

Heart chief executive Scott Munn denied today that the club had been sold.

"We have been approached numerous times in the last year. We are on record saying there have been six or seven approaches, some that have been absolutely inappropriate, some that have been interesting.

"But the club is not for sale.

"We will continue to talk to people if they want to help grow the club, to invest in it and help improve the league. It would be foolish if we said we didn't.''

Asked if the Storm was involved in the talks, Munn said there was no truth to it.

However, there was a very long pause and a considered answer when asked if the company that own Storm was involved in talks.

"I am not privy to who owns the Storm. All the talk is about me and the club.

"As I said, we have had different approaches and the club's owners have a clear goal to deliver on the long term for the success of the Heart.''

Edited December 22, 2013 by belaguttman

[belaguttman]

Fucking sell Sidwell and co you disgraces.

I expect that they #BELIEVE that they deserve a tidy profit after the way they have run the club

[Melburnian]

Fucking sell Sidwell and co you disgraces.

I expect that they #BELIEVE that they deserve a tidy profit after the way they have run the club

I have no doubt. Just a moronic bunch of people.

I'm not a religious man at all, but I'm praying night and day to any God that the sale happens and the rabble at the club depart.

All of them.

[belaguttman]

I don't think that they are moronic, just out of their depth when it comes to running a football club. They have had some great ambitions and goals but have never had any idea of how to implement them. As the gap between ambition and reality has got larger the management seems to have become more disengaged from the football goals of the business

[HEARTinator]

I would welcome new owners BUT they must come with a commitment to develop youth, engagement with the community and football excellence from the boardroom to the football department to the players on the pitch with the aim of being the most successful club in the HAL and in Asia.

The Melbourne football market has great potential for growth and this is what these guys might be seeing as the value proposition. Make it happen.

Edited December 22, 2013 by HEARTinator

[Grimey]

Sporting Melbourne Heart ♥

[TheGaffer]

 

 

Fucking sell Sidwell and co you disgraces.

I expect that they #BELIEVE that they deserve a tidy profit after the way they have run the club

I have no doubt. Just a moronic bunch of people.

I'm not a religious man at all, but I'm praying night and day to any God that the sale happens and the rabble at the club depart.

All of them.

 

Got to wonder why the hell they decided to get involved into something they know nothing about. They must have seduced by Lowy with the promise of a massive return on their investment. 

 

These guys on the board thought all they need to do is put a team on the park, call it Melbourne, and then wait for the cash to come rolling in.....how wrong they were???

[Melburnian]

http://m.melbournestorm.com.au/video-display/Melbourne-Storms-new-Chairman/20948

This is the guy I am told that has been very keen to purchase the club.

Why I'm not sure because we are so unlike the Storm it's amazing.

He talks about in this video about getting people that know Melbourne and know the game. This is a football owner. He would be an amazing Chairman.

His name. Bart Campbell.

[Tony999]

Heart officials in bid to douse club sale rumours

Date: December 22 2013

Michael Lynch

Melbourne Heart officials have plenty on their minds given the team's dreadful start to the season, but club chiefs have also had to spend the past few days trying to douse reports the club is on the point of being sold.

Reports about Heart being on the market have been circulating for almost as long as the team has been in the A-League.

Earlier this year, there were reports people connected to Melbourne Storm and its ownership group had sought to buy the club. Those reports have recirculated in recent days.

Heart chief executive Scott Munn has played a straight bat to all inquiries, declaring that the club is constantly talking to would-be suitors and potential investors to improve its financial position.

But he has continually denied the club is being sold.

"We are not at the point of selling the club,’’ he told Fairfax Media in the lead-up to the derby loss to Melbourne Victory.

However the rumours persist, leading many to speculate that where there is smoke, there must be fire.

In sport almost every asset is up for sale if the price is right: Heart has consistently knocked back approaches from South Melbourne this year, but the feeling persists that if the right offer came the board and original investors might be happy to exit if they could get out without sustaining a loss.

The board has said little, but there have been plenty of well-connected soccer insiders (although not involved with Heart) who have tipped a deal to take the red and whites into new hands, perhaps next year.

This material is subject to copyright and any unauthorised use, copying or mirroring is prohibited.

 

http://www.theage.com.au/sport/soccer/heart-officials-in-bid-to-douse-club-sale-rumours-20131222-2zt34.html?skin=text-only

[Cinnamon]

Heart officials in bid to douse club sale rumours

Date: December 22 2013

Michael Lynch

Melbourne Heart officials have plenty on their minds given the team's dreadful start to the season, but club chiefs have also had to spend the past few days trying to douse reports the club is on the point of being sold.

Reports about Heart being on the market have been circulating for almost as long as the team has been in the A-League.

Earlier this year, there were reports people connected to Melbourne Storm and its ownership group had sought to buy the club. Those reports have recirculated in recent days.

Heart chief executive Scott Munn has played a straight bat to all inquiries, declaring that the club is constantly talking to would-be suitors and potential investors to improve its financial position.

But he has continually denied the club is being sold.

"We are not at the point of selling the club,’’ he told Fairfax Media in the lead-up to the derby loss to Melbourne Victory.

However the rumours persist, leading many to speculate that where there is smoke, there must be fire.

In sport almost every asset is up for sale if the price is right: Heart has consistently knocked back approaches from South Melbourne this year, but the feeling persists that if the right offer came the board and original investors might be happy to exit if they could get out without sustaining a loss.

The board has said little, but there have been plenty of well-connected soccer insiders (although not involved with Heart) who have tipped a deal to take the red and whites into new hands, perhaps next year.

This material is subject to copyright and any unauthorised use, copying or mirroring is prohibited.

 

http://www.theage.com.au/sport/soccer/heart-officials-in-bid-to-douse-club-sale-rumours-20131222-2zt34.html?skin=text-only

 

Uh Oh

[Peter]

All right, so let's say we don't have new owner waiting in the wings, what is the current board/management proposing to get us out of this hole?

[AntiScum]

All right, so let's say we don't have new owner waiting in the wings, what is the current board/management proposing to get us out of this hole?

take the it will fix itself approach!

[Shahanga]

You don't get 6-7 "unsolicited" approaches to sell when you are "not for sale". Honestly who does Munn think makes up the membership? 16 year old kids? Sick of being treated like I couldn't find my backside in 2 grabs.

Hopefully Munn will be first up against the wall. VIVE LA REVOLUTION

[Melburnian]

You don't get 6-7 "unsolicited" approaches to sell when you are "not for sale". Honestly who does Munn think makes up the membership? 16 year old kids? Sick of being treated like I couldn't find my backside in 2 grabs.Hopefully Munn will be first up against the wall. VIVE LA REVOLUTION

Out of likes.

Well said.

[billyheart]

All right, so let's say we don't have new owner waiting in the wings, what is the current board/management proposing to get us out of this hole?

take the it will fix itself approach!

Have they tried turning it off and then on again?

[mulhollanddrive]

What did the owners expect to get out of owning the club?

 

The last time I read, only Victory make a profit, and the loss of all clubs in the A-League totals about 15m each season.

 

First question the owners should be asked is, do you know this investment will lose you money for probably every year?

[Kiro Kompiro]

^^^ I never made a dollar paying for FoXtel, memberships, scarves, shirts, parking, MET tickets.  

[AzureKingfisher]

http://www.theaustralian.com.au/sport/football/melbourne-heart-sold-to-storm-owners-for-9m/story-fn63e0vj-1226788486271#

[Murfy1]

http://www.theaustralian.com.au/sport/football/melbourne-heart-sold-to-storm-owners-for-9m/story-fn63e0vj-1226788486271#

 

 

Melbourne Heart sold to Storm owners for $9m

 

 

Ray Gatt   The Australian   December 23, 2013

 

OWNERS of embattled A-League club Melbourne Heart are understood to have agreed to a $9 million sale of the club to the same company that owns NRL club the Melbourne Storm.

 

Rumours of the sale swept the sport on Saturday night as the Heart slumped to yet another loss, this time 3-1 to arch-rival Melbourne Victory in the Melbourne Derby at AAMI Park.

 

It was the club's 16th straight game without a win, keeping it rooted to the bottom of the table and putting further pressure on under-fire coach John Aloisi.

 

Aloisi is struggling to retain his job, but that has been overtaken by the events regarding Heart's sale.

 

The Storm is owned by New Zealand entrepreneur Bart Campbell, having bought the club off News Corp Australia (publisher of The Australian) in May.

 

Negotiations for the sale of the Heart have been going on since the start of the season. The Australian reported on October 10 that a sale to the Storm was imminent, though co-owner Peter Sidwell said at the time there "was no truth to the sale" on the eve of the season opener against Victory.

 

Sidwell did not reply to The Australian yesterday. Heart chief executive Scott Munn denied yesterday the club had been sold.

 

"We have been approached numerous times in the last year. We are on record saying there have been six or seven approaches, some that have been absolutely inappropriate, some that have been interesting," Munn said. "But the club is not for sale. We will continue to talk to people if they want to help grow the club, to invest in it and help improve the league. It would be foolish if we said we didn't."

 

Asked if the Storm had bought the club, Munn paused before giving a more considered answer.

"I am not privy to who owns the Storm. All the talk is about me and the club," Munn said. "As I said, we have had different approaches and the club's owners have a clear goal to deliver in the long term for the success of the Heart."

 

A former barrister in the New Zealand High Court, Campbell is regarded as a mover and shaker. His company manages All Blacks superstars Richie McCaw and Dan Carter.

 

The Heart, which is understood to be one of the few A-League outfits to turn a profit last season, was also the target of a huge approach from Victorian state league club and former National Soccer League giant South Melbourne, but that was turned down.

 

Meanwhile, Munn says Aloisi remains under pressure while taking a swipe at former Socceroo Mark Bosnich, now an analyst for Fox Sports.

 

Bosnich upset the Heart camp and Aloisi when he asked the coach during an interview after the match if he would consider resigning in the wake of the club's poor results. Aloisi hit back saying, "Bozza, you don't know me well then" and "I am not a quitter".

 

Munn defended Aloisi. "John is the ultimate professional and Bozza is paid to give an opinion, one that is not necessarily an educated one. But that's fine," Munn said. "Fox Sports is good for the game, but Bozza probably lost a bit of respect from some people after last night's silly statement."

 

Edited December 22, 2013 by Murfy1

[Murfy1]

If Sidwell and co. are gone it is a Merry Christmas indeed.

[marn11]

So fuckin' happy. Finally, hope.

[Peter]

Dan Carter in the Heart line up? We'll be popular on the east island across the dutch.

[Luke]

Fucking off Scott Munn first port of call 

[Chez]

This gonna be good

[AJB45T4RD]

http://www.theaustralian.com.au/sport/football/melbourne-heart-sold-to-storm-owners-for-9m/story-fn63e0vj-1226788486271#

 

 

Melbourne Heart sold to Storm owners for $9m

 

 

Ray Gatt   The Australian   December 23, 2013

 

OWNERS of embattled A-League club Melbourne Heart are understood to have agreed to a $9 million sale of the club to the same company that owns NRL club the Melbourne Storm.

 

Rumours of the sale swept the sport on Saturday night as the Heart slumped to yet another loss, this time 3-1 to arch-rival Melbourne Victory in the Melbourne Derby at AAMI Park.

 

It was the club's 16th straight game without a win, keeping it rooted to the bottom of the table and putting further pressure on under-fire coach John Aloisi.

 

Aloisi is struggling to retain his job, but that has been overtaken by the events regarding Heart's sale.

 

The Storm is owned by New Zealand entrepreneur Bart Campbell, having bought the club off News Corp Australia (publisher of The Australian) in May.

 

Negotiations for the sale of the Heart have been going on since the start of the season. The Australian reported on October 10 that a sale to the Storm was imminent, though co-owner Peter Sidwell said at the time there "was no truth to the sale" on the eve of the season opener against Victory.

 

Sidwell did not reply to The Australian yesterday. Heart chief executive Scott Munn denied yesterday the club had been sold.

 

"We have been approached numerous times in the last year. We are on record saying there have been six or seven approaches, some that have been absolutely inappropriate, some that have been interesting," Munn said. "But the club is not for sale. We will continue to talk to people if they want to help grow the club, to invest in it and help improve the league. It would be foolish if we said we didn't."

 

Asked if the Storm had bought the club, Munn paused before giving a more considered answer.

"I am not privy to who owns the Storm. All the talk is about me and the club," Munn said. "As I said, we have had different approaches and the club's owners have a clear goal to deliver in the long term for the success of the Heart."

 

A former barrister in the New Zealand High Court, Campbell is regarded as a mover and shaker. His company manages All Blacks superstars Richie McCaw and Dan Carter.

 

The Heart, which is understood to be one of the few A-League outfits to turn a profit last season, was also the target of a huge approach from Victorian state league club and former National Soccer League giant South Melbourne, but that was turned down.

 

Meanwhile, Munn says Aloisi remains under pressure while taking a swipe at former Socceroo Mark Bosnich, now an analyst for Fox Sports.

 

Bosnich upset the Heart camp and Aloisi when he asked the coach during an interview after the match if he would consider resigning in the wake of the club's poor results. Aloisi hit back saying, "Bozza, you don't know me well then" and "I am not a quitter".

 

Munn defended Aloisi. "John is the ultimate professional and Bozza is paid to give an opinion, one that is not necessarily an educated one. But that's fine," Munn said. "Fox Sports is good for the game, but Bozza probably lost a bit of respect from some people after last night's silly statement."

From whom Munn, you flog? Bozza may be a shit-stirrer and a bit of a dick at times, but it was a fair question that needed to be asked and long overdue. Aloisi handled it like a spoiled brat with an "oh yeah Bozza? Well you're not invited to my birthday" type of childish response. Bozza was merely asking what a "overwhelming majority" of fans want to know, and to say that it was an "uneducated" opinion just shits the hell out of me...when are you going to get an education? The almost record breaking string of losses, the lack of spirit or direction on the pitch, the lack of respect shown towards fans or critics, the ridiculous money pit that is the #Believe campaign when there is fuck all to #Believe in, your hero JA belting his chest at Y-Side and "screaming; I am fuckin heart, I am fuckin Heart" ( not so bold to try that bullshit again this week, were you JA?), yet it is Bozza and everyone else who is "uneducated", Scotty? Bozza is paid to give an honest and experienced opinion, you and your flog mates are paid to make us a winning team...so learn from what was asked, and fucking leave our club NOW!

[marn11]

http://www.theaustralian.com.au/sport/football/melbourne-heart-sold-to-storm-owners-for-9m/story-fn63e0vj-1226788486271#

Melbourne Heart sold to Storm owners for $9m

Ray Gatt The Australian December 23, 2013

OWNERS of embattled A-League club Melbourne Heart are understood to have agreed to a $9 million sale of the club to the same company that owns NRL club the Melbourne Storm.

Rumours of the sale swept the sport on Saturday night as the Heart slumped to yet another loss, this time 3-1 to arch-rival Melbourne Victory in the Melbourne Derby at AAMI Park.

It was the club's 16th straight game without a win, keeping it rooted to the bottom of the table and putting further pressure on under-fire coach John Aloisi.

Aloisi is struggling to retain his job, but that has been overtaken by the events regarding Heart's sale.

The Storm is owned by New Zealand entrepreneur Bart Campbell, having bought the club off News Corp Australia (publisher of The Australian) in May.

Negotiations for the sale of the Heart have been going on since the start of the season. The Australian reported on October 10 that a sale to the Storm was imminent, though co-owner Peter Sidwell said at the time there "was no truth to the sale" on the eve of the season opener against Victory.

Sidwell did not reply to The Australian yesterday. Heart chief executive Scott Munn denied yesterday the club had been sold.

"We have been approached numerous times in the last year. We are on record saying there have been six or seven approaches, some that have been absolutely inappropriate, some that have been interesting," Munn said. "But the club is not for sale. We will continue to talk to people if they want to help grow the club, to invest in it and help improve the league. It would be foolish if we said we didn't."

Asked if the Storm had bought the club, Munn paused before giving a more considered answer.

"I am not privy to who owns the Storm. All the talk is about me and the club," Munn said. "As I said, we have had different approaches and the club's owners have a clear goal to deliver in the long term for the success of the Heart."

A former barrister in the New Zealand High Court, Campbell is regarded as a mover and shaker. His company manages All Blacks superstars Richie McCaw and Dan Carter.

The Heart, which is understood to be one of the few A-League outfits to turn a profit last season, was also the target of a huge approach from Victorian state league club and former National Soccer League giant South Melbourne, but that was turned down.

Meanwhile, Munn says Aloisi remains under pressure while taking a swipe at former Socceroo Mark Bosnich, now an analyst for Fox Sports.

Bosnich upset the Heart camp and Aloisi when he asked the coach during an interview after the match if he would consider resigning in the wake of the club's poor results. Aloisi hit back saying, "Bozza, you don't know me well then" and "I am not a quitter".

Munn defended Aloisi. "John is the ultimate professional and Bozza is paid to give an opinion, one that is not necessarily an educated one. But that's fine," Munn said. "Fox Sports is good for the game, but Bozza probably lost a bit of respect from some people after last night's silly statement."

From whom Munn, you flog? Bozza may be a shit-stirrer and a bit of a dick at times, but it was a fair question that needed to be asked and long overdue. Aloisi handled it like a spoiled brat with an "oh yeah Bozza? Well you're not invited to my birthday" type of childish response. Bozza was merely asking what a "overwhelming majority" of fans want to know, and to say that it was an "uneducated" opinion just shits the hell out of me...when are you going to get an education? The almost record breaking string of losses, the lack of spirit or direction on the pitch, the lack of respect shown towards fans or critics, the ridiculous money pit that is the #Believe campaign when there is fuck all to #Believe in, your hero JA belting his chest at Y-Side and "screaming; I am fuckin heart, I am fuckin Heart" ( not so bold to try that bullshit again this week, were you JA?), yet it is Bozza and everyone else who is "uneducated", Scotty? Bozza is paid to give an honest and experienced opinion, you and your flog mates are paid to make us a winning team...so learn from what was asked, and fucking leave our club NOW!

Solid rant. 10/10.

[Tommykins]

Gatt has had the club sold three times already including an 'exclusive' for SST, not sure why people are believing this one.

[hedaik]

So the only source they've quoted is the CEO saying we're not for sale, yet the editor comes up with the headline HEART SOLD!

[theresonlyonebzamora]

Solid rant. 10/10

 

would read again.

[baddersss]

Cardiff and Leicester

Actually Leicesters owners are the best the clubs ever had!

Spent £105m on trying to get us up, realised they fucked it up with Sven, brought back Nigel Pearson and have done a Chelsea/Man Coty and turned all the debt into equity, so we're debt free for the first time in 20 years! Nt to mention buying the stadium from a group that bought it when were in administration, and upgrading the facilities to make sure we were a Category 1 academy.

Vincent Tan however...

[malloy]

Cardiff and Leicester

Actually Leicesters owners are the best the clubs ever had!

Spent £105m on trying to get us up, realised they fucked it up with Sven, brought back Nigel Pearson and have done a Chelsea/Man Coty and turned all the debt into equity, so we're debt free for the first time in 20 years! Nt to mention buying the stadium from a group that bought it when were in administration, and upgrading the facilities to make sure we were a Category 1 academy.

Vincent Tan however...

Just an fyi m, Chelsea aren't debt free

[baddersss]

Cardiff and Leicester

Actually Leicesters owners are the best the clubs ever had!

Spent £105m on trying to get us up, realised they fucked it up with Sven, brought back Nigel Pearson and have done a Chelsea/Man Coty and turned all the debt into equity, so we're debt free for the first time in 20 years! Nt to mention buying the stadium from a group that bought it when were in administration, and upgrading the facilities to make sure we were a Category 1 academy.

Vincent Tan however... Just an fyi m, Chelsea aren't debt free

But a lot of there debt was converted into equity by the owner

[jw1739]

You don't get 6-7 "unsolicited" approaches to sell when you are "not for sale". Honestly who does Munn think makes up the membership? 16 year old kids? Sick of being treated like I couldn't find my backside in 2 grabs.

Hopefully Munn will be first up against the wall. VIVE LA REVOLUTION

If the sale is indeed done, or if it isn't then when it finally happens, then Munn will be the first to go. Any new owner(s) will bring in a hand-picked CEO to get the new asset moving again.