Is it normal for a outgoing owner to get payments in future years for promotions ? So many bizarre things happen in the world of football which is different to other businesses. Until Alan Sugar came along it was brown envelopes and meetings with managers at service stations and no paperwork involved.
I'm not talking about the 7 million to ex directors but would any new owner accept a covenant saying that Duchatelet should get a payment if we get promotions in the next few years ? In Belgium, Duchatelet got payments which are normally only paid to agents in England.
It sounds like the English football system totally befuddled Roland.
This 100%. Current owner fails to invest in his business......sells stock on the cheap & doesn't use the proceeds to buy new stock, trying to get by with outdated or untried stuff.
Sells business for more than he paid for it, having trousers profits over the last few years. New owner spend money on new stock & reduces prices. Company flourishes & old owner wants an ongoing dividend now that company is doing a lot better.
Is it normal for a outgoing owner to get payments in future years for promotions ? So many bizarre things happen in the world of football which is different to other businesses. Until Alan Sugar came along it was brown envelopes and meetings with managers at service stations and no paperwork involved.
I'm not talking about the 7 million to ex directors but would any new owner accept a covenant saying that Duchatelet should get a payment if we get promotions in the next few years ? In Belgium, Duchatelet got payments which are normally only paid to agents in England.
It sounds like the English football system totally befuddled Roland.
This 100%. Current owner fails to invest in his business......sells stock on the cheap & doesn't use the proceeds to buy new stock, trying to get by with outdated or untried stuff.
Sells business for more than he paid for it, having trousers profits over the last few years. New owner spend money on new stock & reduces prices. Company flourishes & old owner wants an ongoing dividend now that company is doing a lot better.
Bonkers.
While I agree with your general point, RD has not made a profit, he's lost a fortune.
My intel is telling me that it is a consortium of @colin1961? @DOUCHER@NapaAddick and the real reason they dropped off the thread is now apparent.
I tried to purchase the club for the £1 that RD mentioned in the press but I discovered that he was misquoted. He did not say he would “sell the club for £1,” he actually said he would “sell the fan’s couch for £1.” He then told me I was £69,999,999 short on the rest. I’ve come up with another £99 but am worried it won’t get the job done.
My intel is telling me that it is a consortium of @colin1961? @DOUCHER@NapaAddick and the real reason they dropped off the thread is now apparent.
I tried to purchase the club for the £1 that RD mentioned in the press but I discovered that he was misquoted. He did not say he would “sell the club for £1,” he actually said he would “sell the fan’s couch for £1.” He then told me I was £69,999,999 short on the rest. I’ve come up with another £99 but am worried it won’t get the job done.
Hey @ForeverAddickted another one to join our consortium maybe? if we let @NapaAddick join what will we have then?
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Sells business for more than he paid for it, having trousers profits over the last few years. New owner spend money on new stock & reduces prices. Company flourishes & old owner wants an ongoing dividend now that company is doing a lot better.
Bonkers.