A Hostile Take-Over?

Ian

Ian began writing Twohundredpercent in May 2006. He lives in Brighton. He has also written for, amongst others, Pitch Invasion, FC Business Magazine, The Score, When Saturday Comes, Stand Against Modern Football and The Football Supporter. Ian was the first winner of the Socrates Award For Not Being Dead Yet at the 2010 NOPA awards for football bloggers.

You may also like...

3 Responses

  1. poots says:

    you’ve got to admit though as Football Manager 2007 costs about £35
    you can see why folks are tempted

  2. 200percent says:

    I might yet sign up for it, Mr P. I do think, however, that a few of the people that have submitted their email addresses so far need to properly read the whole of the site before they smash open their piggy banks – because I would say that every club in the top two divisions will be out of their reach, along with a good number of the remainder right the way down to the Conference.

    For example, a club that owns its own stadium is worth considerably more than one that plays in a stadium owned by the council. A very large amount of clubs in the lower divisions are millions and millions of pounds in debt – amounts of debt so high that a Trust wouldn’t be able to cope with it.

  3. sp3ktor says:

    It’s a nice (I’ll shy away from saying naive) theory, but the more I look at it the more unworkable it gets.

    The criteria for their purchase is laughable:

    1. 51% or more of the football club shares can be bought with the Purchase Fund. (a total club value of £2.7 million)
    2. There is none, or a manageable debt.
    3. The club has the potential to reach the Premiership.

    I doubt whether there is a single league club that satisfies more than one of those. And for non-league sides criteria 3 is (let’s be honest) never going to happen in the current climate.

    And of course you have to get the money in. It may be very close to its 50,000 target but getting that many paying need well over 100,000 signed up.

    The cynical side of me also raises an eyebrow at the 20% of contributions being lopped off at the start.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>