by MellowYellow » 22 Apr 2018, 18:34
Teigngull wrote: 21 Apr 2018, 15:36
I run the risk of coming across a little pedantic here, but for god sake some of you & all at the tv,radio, & written media really get my goat when our illustrious chairman is said to have ' bought the club ' .
He didn't buy it per se , he acquired it by default, due to the last board panicking & jumping into bed with GI after quite categorically stating to the clubs followers GI wouldn't be involved in any rescue plan.
So stop saying he bought the feckin club please, cos it's not correct.
No pedantic at all Teigngull, its good to revisit why we have come to be where we find ourselves. However it ought to be recognised that not all are or were aware of the severity of the situation and in truth why should we have been, we are football supporters not balance sheet enthusiasts.
You are quite right in that the ownership of the club was
aquired by default of loan, it was not brought. Philips and Co failed to raise sufficient funds having lived under the ideology that the club was 'self sustantining' when the truth was the opposite and the 'begging bowl' came out. This even after Phillips and Co were really given a gift: the shares were handed on a plate; external debts removed and a loan made namely by Thea to ease the transition.
This is were Clarke Osborne is quite right (choking on the thought) when he says that the club will be:
"totally reliant upon what has happened in the past, which is a series of people who come in, believe they can do something, but fail because it's not sustainable."
[quote=Teigngull post_id=224763 time=1524325014 user_id=24223]
I run the risk of coming across a little pedantic here, but for god sake some of you & all at the tv,radio, & written media really get my goat when our illustrious chairman is said to have ' bought the club ' .
He didn't buy it per se , he acquired it by default, due to the last board panicking & jumping into bed with GI after quite categorically stating to the clubs followers GI wouldn't be involved in any rescue plan.
So stop saying he bought the feckin club please, cos it's not correct.
[/quote]
No pedantic at all Teigngull, its good to revisit why we have come to be where we find ourselves. However it ought to be recognised that not all are or were aware of the severity of the situation and in truth why should we have been, we are football supporters not balance sheet enthusiasts.
You are quite right in that the ownership of the club was [b]aquired [/b] by default of loan, it was not brought. Philips and Co failed to raise sufficient funds having lived under the ideology that the club was 'self sustantining' when the truth was the opposite and the 'begging bowl' came out. This even after Phillips and Co were really given a gift: the shares were handed on a plate; external debts removed and a loan made namely by Thea to ease the transition.
This is were Clarke Osborne is quite right (choking on the thought) when he says that the club will be:[b][i] "totally reliant upon what has happened in the past, which is a series of people who come in, believe they can do something, but fail because it's not sustainable[/i]."[/b]