Posts: 1,123
Threads: 42
Joined: Jan 2019
Reputation:
2
(07-31-2023, 09:15 AM)Duffers Wrote: (07-31-2023, 08:55 AM)Topman Wrote: (07-31-2023, 08:51 AM)Pipkins Wrote: Perhaps Jeremy Roland Peace could buy us back?
He owes us after fucking us good & proper
Funny you say that, I was listening to daz Hales podcast and Chris L has totally written off the fence guy but claims there is a consortium in the waiting with the head of it an Albion fan. Claims at the moment the price is still too high. This fan has business experience etc, he was very shrewd not to mention names but sounded very promising, that he and others are preparing themselves etc. I did think of peace when I heard this, but this time maybe we a group behind him.
The long awaited Clapton/Skinner/Henry/Marsden consortium....
…..and Ronnie Wood
Posts: 17,768
Threads: 771
Joined: Jan 2019
Reputation:
55
07-31-2023, 04:21 PM
(This post was last modified: 07-31-2023, 04:22 PM by SW4Baggie.)
(07-31-2023, 08:51 AM)Pipkins Wrote: Perhaps Jeremy Roland Peace could buy us back?
He owes us after fucking us good & proper
I’m still yet to understand the desire to blame everything on Peace. It’s not like he was inundated with bids, or there were some benevolent rich buyers out there that wanted to buy us but we’re brutally gazumped by the Chinese state. There were other bids, other interest but price wasn’t the ultimate decision for the sale.
Peace sold the club through a credible financial institution for a price that was very fair at the time - people forget the club had £40m cash in the bank to factor into the price. The conditions for the sale was that the new owners continued to run the club sustainably, didn’t loan cash or engineer a Burnley style purchase using the cash we had in the bank, and the transition was smooth enough for Peace to stay on, and for the club to make appointments based on Peace’s recommendation. Also remember Jenkins returned to work for these owners when he really didn’t need to.
What has happened has been a complete sea change in Chinese government interest, an unexpected but highly predictable relegation, a complete lack of any business ability in and outside the club, and a global pandemic. Anyone thinking the Chinese bought us to lose money or Peace deliberately sabotaged the club to get an extra couple million is barking mad.
In the list of people whose fault this whole debacle is, Peace is a long way down the list.
Posts: 776
Threads: 7
Joined: Feb 2019
Reputation:
0
Peace takes a lot of the blame for me.
Whilst you can't deny we were successful under him on the pitch virtually every decision taken was to benefit him more than wbafc.
How he got £200 million for us I'll never know and he would have known we were not worth that and the problems that would lead to.
No way any true Albion fan should use the club to his own benefit like that.
Posts: 14,398
Threads: 262
Joined: Jan 2019
Reputation:
57
(07-31-2023, 04:34 PM)foreveralbion Wrote: Peace takes a lot of the blame for me.
Whilst you can't deny we were successful under him on the pitch virtually every decision taken was to benefit him more than wbafc.
How he got £200 million for us I'll never know and he would have known we were not worth that and the problems that would lead to.
No way any true Albion fan should use the club to his own benefit like that.
If anyone was dumb enough to believe he was a true fan doing it all for the club, well you deserved to be disappointed, even the way he got ownership was selfish and predatory. For a while his goals aligned with the clubs so he was a benevolent asshole, but ultimately, like all people in that sort of business, he was an asshole, and once the clubs vision and his weren't aligned, it started to be an issue. He only wanted as much money as he could get from selling us, that's it, nothing more, nothing less.
Posts: 3,161
Threads: 162
Joined: Jan 2019
Reputation:
11
(07-31-2023, 04:34 PM)foreveralbion Wrote: Peace takes a lot of the blame for me.
Whilst you can't deny we were successful under him on the pitch virtually every decision taken was to benefit him more than wbafc.
How he got £200 million for us I'll never know and he would have known we were not worth that and the problems that would lead to.
No way any true Albion fan should use the club to his own benefit like that.
The £200m figure is a big of a misnomer. It included £40m cash on the balance sheet which he could have otherwise taken out as dividends in previous years. Likewise Yunyai paid £200m but were getting £40m of cash, which meant they didn’t need to inject any cash (and they made it clear that they wouldn’t).
The real transaction value was effectively £160m in my view.
Posts: 14,398
Threads: 262
Joined: Jan 2019
Reputation:
57
40 million they blew in one summer transfer window, to get us relegated and into an Overdraft.
That's what the cost of GeTTiNg To ThE neXT LeVel was to us as a club. Had they been sensible, sacked Pulis, got a good coach in and started redeveloping the squad sensibly that summer, they'd have a decent club that didn't cost them much and they could have started taking dividends from to get their money back.
Posts: 17,768
Threads: 771
Joined: Jan 2019
Reputation:
55
(07-31-2023, 04:47 PM)Birdman1811 Wrote: 40 million they blew in one summer transfer window, to get us relegated and into an Overdraft.
That's what the cost of GeTTiNg To ThE neXT LeVel was to us as a club. Had they been sensible, sacked Pulis, got a good coach in and started redeveloping the squad sensibly that summer, they'd have a decent club that didn't cost them much and they could have started taking dividends from to get their money back.
Absolutely correct.
The worst thing Peace did was recommend John Williams who whilst a decent gent, was still stuck in 2002.
Williams would always stick with Pulis as he was a good, old fashioned British coach and Hammond was too easily sidelined when it came to recruitment, and the one chance he has to shine, he gave his friend Pardew the job against all sensible advice.
Posts: 15,040
Threads: 339
Joined: Jan 2019
Reputation:
93
(07-31-2023, 04:41 PM)Birdman1811 Wrote: (07-31-2023, 04:34 PM)foreveralbion Wrote: Peace takes a lot of the blame for me.
Whilst you can't deny we were successful under him on the pitch virtually every decision taken was to benefit him more than wbafc.
How he got £200 million for us I'll never know and he would have known we were not worth that and the problems that would lead to.
No way any true Albion fan should use the club to his own benefit like that.
If anyone was dumb enough to believe he was a true fan doing it all for the club, well you deserved to be disappointed, even the way he got ownership was selfish and predatory. For a while his goals aligned with the clubs so he was a benevolent asshole, but ultimately, like all people in that sort of business, he was an asshole, and once the clubs vision and his weren't aligned, it started to be an issue. He only wanted as much money as he could get from selling us, that's it, nothing more, nothing less. All true. Thing that got me about Peace (allegedly from West Brom), was no one knew of him, no one knew his family? Its tight knit round that way so it's a puzzle he wasn't know by anyone.
|
