[Nat (Rugby_Aholic)]

Re: Featherstone Investment : Tue Jul 01, 2014 9:35 am  

People look down on the Championship but there are several teams that, if given the same level of funding, would be a match for several SL teams. Next year at least two of those teams are going to have similar levels of funding. We shall see what happens.

[Nat (Rugby_Aholic)]

Re: Featherstone Investment : Tue Jul 01, 2014 9:44 am  

Btw, getting back on topic best post I have seen on the topic over on the Featherstone TotalRL forum :-

TheTerminator Posted Today, 09:17 AM
It was clear that this man was a dodgy customer right from the beginning, and his agenda was always to push Mark Campbell into the background with a view to gaining sole control of the club.

Look at his track record in the game - turfed out by at least three or four clubs before he was allowed to become too closely involved. He even attempted to 'invest' in Blackburn Rovers, but was snubbed by them as he was insisting that any money forwarded would be repayable at a high rate of interest. Given the nature of his business - attracting investors and promising them a profitable return for their contributions, isn't it obvious what his plan was for Featherstone Rovers? Talk of 'anonymous' investors - who have turned out to be dotted up and down the country in exotic locations such as Grimsby, should have set alarm bells ringing at the highest volume possible.

All this from a guy who - according to Company House, has barely got a penny to his name and owns a business classified as a 'High Risk' by the city.

In my opinion, his plan WAS to get Rovers into Super League. The next stage of his plan was probably to fleece the club of the millions in extra income it would have gained in order to provide his 'investors' (and himself - via kick-backs) with a weighty return on their contributions. Lots of people have been asking why, if he's so loaded, was he so desperate to finish in the lucrative second league position this season? Easy - he needed the 500k reward to pay his investors their first return. Desperation set in when league position was jeopardised by poor recruitment and staff appointments - hence the dramatic mid-season turnaround in club policy.

He'd have probably gotten away with his scheme if he wasn't for his own ego and obnoxious personality. The guy just couldn't keep his mouth shut.

I firmly believe that it will become apparent - very soon, that he hasn't actually invested anything in Featherstone Rovers. However, he's been investing other people's money with the promise of a return. Whether it's his problem or Featherstone Rovers' when those people come calling for their money back will be interesting.
Edited by TheTerminator, Today, 09:24 AM.

Re: Featherstone Investment : Tue Jul 01, 2014 12:46 pm  

Nat (Rugby_Aholic) wrote:

Btw, getting back on topic best post I have seen on the topic over on the Featherstone TotalRL forum :-

That is a very good piece and that best and most believable one I have seen on the subject. Wednesday's supporters meeting will be interesting.

Re: Featherstone Investment : Wed Jul 02, 2014 5:55 am  

The thing is, if I was an investor and the guy who I had hired to find a good investment for me suggested a RL club, I would kick him into touch immediately!

Re: Featherstone Investment : Wed Jul 02, 2014 11:49 am  

TrinityIHC wrote:

The thing is, if I was an investor and the guy who I had hired to find a good investment for me suggested a RL club, I would kick him into touch immediately!

I suppose if said investor could get his hands on a large portion of land by associating himself with an RL club you might think differently?

Re: Featherstone Investment : Wed Jul 02, 2014 12:10 pm  

TrinityIHC wrote:

The thing is, if I was an investor and the guy who I had hired to find a good investment for me suggested a RL club, I would kick him into touch immediately!

I'm not sure that RL club and "Investor" go together.
Has anyone ever gained financially from owning a professional sports club ?

Re: Featherstone Investment : Wed Jul 02, 2014 12:24 pm  

Who sold Man U to the glazers?

Re: Featherstone Investment : Wed Jul 02, 2014 12:44 pm  

It's probably just a PR stunt to get some more media attention, he'll be back in the club in a few days.

Re: Featherstone Investment : Wed Jul 02, 2014 1:24 pm  

wrencat1873 wrote:

I'm not sure that RL club and "Investor" go together.
Has anyone ever gained financially from owning a professional sports club ?

Probiz's "investors" don't do it to make money, they do it to lose a pre-ordained amount of money. Probiz's main business is tax avoidance schemes where making a loss somewhere can be very advantageous elsewhere.

[Uncle Rico]

Re: Featherstone Investment : Wed Jul 02, 2014 1:38 pm  

bewareshadows wrote:

Who sold Man U to the glazers?

I fail to see what relevance this has to be honest, but, the Glazers thought United were undervalued like the Irish racehorse owners before them and the banks must have agreed also as they bought the Club on debt forced upon the Club.

The incorrectly vilified CEO David Gill (top bloke btw) had a legal duty to report various Glazer bids to the Shareholders who ultimately accepted what was effectively a hostile take over when the price per share reached a certain level. I'm no expert, but, once a percentage of shares are bought it triggers a must bid for all remaining shares. United were saddled with a debt with interest that they didn't have previously as well as the family taking out pots of cash for themselves for all their 'hard work' and hopefully a rising share price so if they ever did sell it would be for silly money, share price drops sit tight take out your divvie.

I don't think that RL is based on the same financial base model, so the idea of leverage and investors and debt and syphoning off money is a big ask even in Featherstone, although I get the point about the supposed investment being turned into a loan and then someone runs off with money from Sky.....there's not much growth potential relatively speaking and people could see it for the scam it would be as it is more than likely based on an instant return rather than a long term plan.