HamCam Posted April 12, 2019 Share Posted April 12, 2019 They now get to keep us. I suspect like most they would decline the offer. Link to comment Share on other sites More sharing options...
beetee Posted April 12, 2019 Author Share Posted April 12, 2019 I’ve just had a look and the club isnae even on gumtree.. tinpot or what? There is nobody out there thinking this is a good investment opportunity, Morton are just a big cash cow that continues to get it wrong and will continue to get it wrong for the foreseeable future. The future looks grim the futures grim the futures oringe lol Link to comment Share on other sites More sharing options...
EanieMeany Posted April 12, 2019 Share Posted April 12, 2019 Which is why we should be dressing up some kind of business portfolio and trying to make it as attractive as possible. Not just sitting about waiting on the Easdales. As far as i can see, we don't seem to be actively looking for a new buyer In fairness, I suppose we don't really know what goes on behind the scenes, what contacts Crawford has etc that he could be in talks with so in a sense any criticism on that front is perhaps superfluous. On the other hand, the image being presented to the world is that of a complete and utter basket-case ran by bumbling fools. It's hard to imagine there's a sleek sales pitch going on that we don't know about. AWMSC Link to comment Share on other sites More sharing options...
TONofmemories Posted April 12, 2019 Share Posted April 12, 2019 In fairness, I suppose we don't really know what goes on behind the scenes, what contacts Crawford has etc that he could be in talks with so in a sense any criticism on that front is perhaps superfluous. On the other hand, the image being presented to the world is that of a complete and utter basket-case ran by bumbling fools. It's hard to imagine there's a sleek sales pitch going on that we don't know about. This is what i meant really. Its not us they need to sell it too. TIME FOR CHANGE! Link to comment Share on other sites More sharing options...
irnbru Posted April 12, 2019 Share Posted April 12, 2019 This is what i meant really. Its not us they need to sell it too. If they can run at at break even that's all an investor will care about. They'd bring in their own people to run it so what's happened in the past is irrelevant. Link to comment Share on other sites More sharing options...
vikingTON Posted April 12, 2019 Share Posted April 12, 2019 If they can run at at break even that's all an investor will care about. They'd bring in their own people to run it so what's happened in the past is irrelevant. More absolute bollocks. Why would an investor be attracted in the first place to a club that is known only for being an absolute shambles and is planning to go nowhere upwards in the near future? How likely are they to even notice the club's existence at all when it is soon trundling through the seaside leagues as part of your beloved sustainability agenda? Legitimate investors in Scottish football clubs are not driven primarily by the bottom line but rather by i) personal sentiment and ii) the potential growth that a club clearly offers both on and off the park. And GMFC in its current guise has all the appeal of an abandoned theme park in a Scooby Doo cartoon. The site is supposed to be a place for the extended 'family' of Morton supporters - having an affinity with people that you don't know, because you share a love of your local football club. It's not supposed to be about point scoring and showing how 'clever' or 'funny' you are, or just being downright rude and offensive to people you don't know, because you can get away with it. Unfortunately, it seems the classic case of people who have little standing/presence in real life, use this forum as a way of making themselves feel as if they are something. It's sad, and I've said that before.. So, having been on Morton forums for about 15 years I guess, I've had enough... well done t*ssers, another Morton supporter driven away. You can all feel happy at how 'clever' you are Link to comment Share on other sites More sharing options...
irnbru Posted April 12, 2019 Share Posted April 12, 2019 More absolute bollocks. Why would an investor be attracted in the first place to a club that is known only for being an absolute shambles and is planning to go nowhere upwards in the near future? How likely are they to even notice the club's existence at all when it is soon trundling through the seaside leagues as part of your beloved sustainability agenda? Legitimate investors in Scottish football clubs are not driven primarily by the bottom line but rather by i) personal sentiment and ii) the potential growth that a club clearly offers both on and off the park. And GMFC in its current guise has all the appeal of an abandoned theme park in a Scooby Doo cartoon. Every business has a sustainability agenda or they don't have a business. It's as simple as that. As you say, there's not going to be many people investing in Scottish football unless they have a personal interest or there's growth but the latter part is addressed by the fact they could have a club that has no debt and an infrastructure there they can improve on. Whatever the club is known for isn't the investors problem - its about what they can do with it with their own people and ideas. Link to comment Share on other sites More sharing options...
beetee Posted April 12, 2019 Author Share Posted April 12, 2019 Every business has a sustainability agenda or they don't have a business. It's as simple as that. As you say, there's not going to be many people investing in Scottish football unless they have a personal interest or there's growth but the latter part is addressed by the fact they could have a club that has no debt and an infrastructure there they can improve on. Whatever the club is known for isn't the investors problem - its about what they can do with it with their own people and ideas. correct Link to comment Share on other sites More sharing options...
vikingTON Posted April 12, 2019 Share Posted April 12, 2019 Every business has a sustainability agenda or they don't have a business. It's as simple as that. No, most businesses have a credible plan to both increase turnover and reduce costs in a balanced manner. GMFC currently has 'lets sign ringers and fall down the leagues while waiting on our third-rate youth setup to deliver the next James McCarthy for us' which is not actually a credible business model that any other company would sign off on. It would be the equivalent of Golden Casket deciding to disgorge the other sweetie companies it has bought over the years and going back to just selling Millions to school weans in the Greenock area. As you say, there's not going to be many people investing in Scottish football unless they have a personal interest or there's growth but the latter part is addressed by the fact they could have a club that has no debt and an infrastructure there they can improve on. . Two seconds ago you claimed that it was all about breaking even, now it's suddenly 'no debt' and the two bob 'infrastructure' that you alone seem to think is impressive that really counts to investors. Make your mind up please. The same principle applies regardless. If GMFC's sales pitch to investors is going to be based on shoving an accounts book in front of them and pointing to some fatties training on the pitch outside then we're as well pulling down the shutters right now. Meanwhile, back in reality land, there's a good reason why even total basket case outfits like Dundee regularly secure new investors, despite having never gone for a similar 'sustainability agenda' or just getting their house in order. That's because people who are interested in having a stake in a football club can take one look at them and see the potential to do better with what they've got, with their catchment area and to achieve a much higher place within the league setup. Once GMFC are stuck in the seaside leagues for five years in pursuit of your beloved 'break even sustainability' then any such prospects will look totally laughable to an outsider. It is a blueprint for us becoming the next Airdrie United, nothing more. The site is supposed to be a place for the extended 'family' of Morton supporters - having an affinity with people that you don't know, because you share a love of your local football club. It's not supposed to be about point scoring and showing how 'clever' or 'funny' you are, or just being downright rude and offensive to people you don't know, because you can get away with it. Unfortunately, it seems the classic case of people who have little standing/presence in real life, use this forum as a way of making themselves feel as if they are something. It's sad, and I've said that before.. So, having been on Morton forums for about 15 years I guess, I've had enough... well done t*ssers, another Morton supporter driven away. You can all feel happy at how 'clever' you are Link to comment Share on other sites More sharing options...
beetee Posted April 12, 2019 Author Share Posted April 12, 2019 No, most businesses have a credible plan to both increase turnover and reduce costs in a balanced manner. GMFC currently has 'lets sign ringers and fall down the leagues while waiting on our third-rate youth setup to deliver the next James McCarthy for us' which is not actually a credible business model that any other company would sign off on. It would be the equivalent of Golden Casket deciding to disgorge the other sweetie companies it has bought over the years and going back to just selling Millions to school weans in the Greenock area. Two seconds ago you claimed that it was all about breaking even, now it's suddenly 'no debt' and the two bob 'infrastructure' that you alone seem to think is impressive that really counts to investors. Make your mind up please. The same principle applies regardless. If GMFC's sales pitch to investors is going to be based on shoving an accounts book in front of them and pointing to some fatties training on the pitch outside then we're as well pulling down the shutters right now. Meanwhile, back in reality land, there's a good reason why even total basket case outfits like Dundee regularly secure new investors, despite having never gone for a similar 'sustainability agenda' or just getting their house in order. That's because people who are interested in having a stake in a football club can take one look at them and see the potential to do better with what they've got, with their catchment area and to achieve a much higher place within the league setup. Once GMFC are stuck in the seaside leagues for five years in pursuit of your beloved 'break even sustainability' then any such prospects will look totally laughable to an outsider. It is a blueprint for us becoming the next Airdrie United, nothing more. easdales will grab it when aksing price drops simples Link to comment Share on other sites More sharing options...
Malt Posted April 12, 2019 Share Posted April 12, 2019 If they can run at at break even that's all an investor will care about. They'd bring in their own people to run it so what's happened in the past is irrelevant. But we are not. We are running at over £300k loss which is being “‘written off’ by GC. The accounts are appealing. There is no sustainability as Hawke preaches. We are a money losing business Link to comment Share on other sites More sharing options...
Malt Posted April 12, 2019 Share Posted April 12, 2019 easdales will grab it when aksing price drops simples Aye We will be worth 60k when in league 2. Link to comment Share on other sites More sharing options...
cmdc Posted April 12, 2019 Share Posted April 12, 2019 But we are not. We are running at over £300k loss which is being “‘written off’ by GC. The accounts are appealing. There is no sustainability as Hawke preaches. We are a money losing business £200-£300k losses seem to be the norm for FT teams at this level now. Even Dunfermline, who made a small profit, have said that they are heavily dependent on £300k of donations and so seem to run at the same level. That’s not to say we are doing everything we can etc, but it would be a worry to an investor, that even allowing for our own inefficiency FT football in this league still seems to require taking on the risk of fairly hefty recurring losses. It would be interesting to see a snapshot across the board of why that is the case in light of the redistribution of money etc. Link to comment Share on other sites More sharing options...
TRVMP Posted April 12, 2019 Share Posted April 12, 2019 It is weird - I thought the prize money redistribution was going to change all this. Have the wages just gone up across the board? Is there more spending on youth or compliance or whatever? Because it's clearly not just a Morton problem. Link to comment Share on other sites More sharing options...
Malt Posted April 13, 2019 Share Posted April 13, 2019 £200-£300k losses seem to be the norm for FT teams at this level now. Even Dunfermline, who made a small profit, have said that they are heavily dependent on £300k of donations and so seem to run at the same level. That’s not to say we are doing everything we can etc, but it would be a worry to an investor, that even allowing for our own inefficiency FT football in this league still seems to require taking on the risk of fairly hefty recurring losses. It would be interesting to see a snapshot across the board of why that is the case in light of the redistribution of money etc. I don’t believe it is the norm for a club to be ran the way have and have no succession planning or bank on 2500 more fans than get Link to comment Share on other sites More sharing options...
SpoonTon Posted April 13, 2019 Share Posted April 13, 2019 It is weird - I thought the prize money redistribution was going to change all this. Have the wages just gone up across the board? Is there more spending on youth or compliance or whatever? Because it's clearly not just a Morton problem. It doesn't matter what kind of season we have, what prize money we bring in, what League we're in, whatever Fred money we collect, etc. We've always talked about this circa £300k loss. It seems a bit bizarre. It would be interesting to see a full breakdown of income/expenditure year on year. If there has been an increase in wages across the board, that would go along with about every other league in the world which sees an increase in income. But I have no idea what has happened here. ETA: am I imagining this or did we not actually have one decent financial year recently? Link to comment Share on other sites More sharing options...
dunning1874 Posted April 13, 2019 Share Posted April 13, 2019 It doesn't matter what kind of season we have, what prize money we bring in, what League we're in, whatever Fred money we collect, etc. We've always talked about this circa £300k loss. It seems a bit bizarre. It would be interesting to see a full breakdown of income/expenditure year on year. If there has been an increase in wages across the board, that would go along with about every other league in the world which sees an increase in income. But I have no idea what has happened here. ETA: am I imagining this or did we not actually have one decent financial year recently? There was a profit of £130K for 16/17, but that would have been wiped out and turned into another six figure loss had we only made the quarter-final of the League Cup rather than the semi. FInishing fourth, getting into the playoffs and getting to the last 16 of the Scottish Cup with a share of a 30K gate at Ibrox, all of which would have massively increased revenue for this season, wouldn’t have been enough to have us breaking even based on that being the profit. Brian Wake my Lord, Brian Wake Brian Wake my Lord, Brian Wake Brian Wake my Lord, Brian Wake Oh Lord, Brian Wake Link to comment Share on other sites More sharing options...
capitanus Posted April 14, 2019 Share Posted April 14, 2019 It looks increasingly like Morton supporters are resigned to sitting back and waiting for 'thu Eeeeeeeze-dales' taking over, as apparently they are the only people with any kind of wealth in the Inverclyde area, and nobody else has any whatsoever. *insert signature here* Link to comment Share on other sites More sharing options...
TRVMP Posted April 14, 2019 Share Posted April 14, 2019 Nobody else who cares about football, at least. Link to comment Share on other sites More sharing options...
capitanus Posted April 14, 2019 Share Posted April 14, 2019 IF they do take over at Cappielow, we won't be able to hold them to account for their failings or hound them out the club like HS if they make a complete arse of things. Let's face it, the whole of Inverclyde are shit scared of them. *insert signature here* Link to comment Share on other sites More sharing options...
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