Madejski Sold out and failed again

[Baker's Dozen]

[Extended-Phenotype]

Er, yeah, because he won't just walk away.

Because he f/cked up the sale, is still desperate to sell and can't walk away, rather than being Lord Simon Kindtrousers, Duke of Lovely.

Glad we cleared that up.

[Norfolk Royal]

Interesting to see today that the commercial director Ben Wells has left his job, the club saying this is due to ongoing issues over club ownership and the cost base.

Does rather sound as if he was pushed rather than walked of his own accord.

If it is true what the club statement says that he was doing a good job, then surely having a commercial director makes its own money does it not?

Neither does the club statement say whether he will be replaced or is it just cost cutting with no replacement?

Either way it sounds a bit crap for the fans, and club.

[melonhead]

what does a commercial director do?

[Davezk]

Skills
A commercial director needs outstanding interpersonal and networking skills. You must be able to build and maintain effective working relationships with customers, partners, suppliers and staff. You must be computer literate and able to use customer relationship management databases. As you will have oversight of a number of different projects at different stages of development, you also need excellent project management and time management skills.

He couldn''t locate Anton = Poor networking skills

[Ian Royal]

Er, yeah, because he won't just walk away.

Because he f/cked up the sale, is still desperate to sell and can't walk away, rather than being Lord Simon Kindtrousers, Duke of Lovely.

Glad we cleared that up.

All that we've cleared up is that you apply one set of rules for Anton and another for Madejski, completely ignoring anything that shows you're sulking at Madejski to be childish baseless.

Anton has walked away, being desperate to sell his shares. Madejski hasn't walked away despite wanting to sell his shares to the right buyer. If Madejski wanted to, he could have sold for sod all to one of the many interested parties there's been over the years. Carson Yeung, the Omanis, the US lot, that Galatasaray bloke etc etc.

He won't leave or sell unless its to someone he thinks will take us forward. He got that right with Anton short-term but drastically wrong medium term. He'll be even more careful this time. Instead, he'll stay, looking for the right buyer, and making us as sustainable as possible in the meantime.

[paddy20]

Er, yeah, because he won't just walk away.

Because he f/cked up the sale, is still desperate to sell and can't walk away, rather than being Lord Simon Kindtrousers, Duke of Lovely.

Glad we cleared that up.

All that we've cleared up is that you apply one set of rules for Anton and another for Madejski, completely ignoring anything that shows you're sulking at Madejski to be childish baseless.

Anton has walked away, being desperate to sell his shares. Madejski hasn't walked away despite wanting to sell his shares to the right buyer. If Madejski wanted to, he could have sold for sod all to one of the many interested parties there's been over the years. Carson Yeung, the Omanis, the US lot, that Galatasaray bloke etc etc.

He won't leave or sell unless its to someone he thinks will take us forward. He got that right with Anton short-term but drastically wrong medium term. He'll be even more careful this time. Instead, he'll stay, looking for the right buyer, and making us as sustainable as possible in the meantime.

Why do you think the Omanis, Galatasaray and the US wouldn't take us forward? They are hardly going to spend millions on the basis they want us to fail! Don't get me wrong I think Mr Mad has been very supportive but he is still a businessman and will want what he thinks is a good price.

[Ian Royal]

I haven't spoken to them so I really couldn't say. I believe the club has said their offers were derisory though, suggesting they may be more interested in making a quick buck and asset stripping than taking us forward.

Of course he'll want a good price. But he could sell for peanuts or to any unscrupulous tosser to get away so he's not caught holding the hot potato. He won't deliberately though.

[philM]

I haven't spoken to them so I really couldn't say. I believe the club has said their offers were derisory though, suggesting they may be more interested in making a quick buck and asset stripping than taking us forward.

Of course he'll want a good price. But he could sell for peanuts or to any unscrupulous tosser to get away so he's not caught holding the hot potato. He won't deliberately though.

Anton will have to agree to sell his shares at the sale price/share. SJM can't just sell his shares for peanuts, as all the buyer would get is the 49%. And who's going to want to buy that ie without at least the controlling share.

[Nameless]

I haven't spoken to them so I really couldn't say. I believe the club has said their offers were derisory though, suggesting they may be more interested in making a quick buck and asset stripping than taking us forward.

Of course he'll want a good price. But he could sell for peanuts or to any unscrupulous tosser to get away so he's not caught holding the hot potato. He won't deliberately though.

Anton will have to agree to sell his shares at the sale price/share. SJM can't just sell his shares for peanuts, as all the buyer would get is the 49%. And who's going to want to buy that ie without at least the controlling share.

We have no idea how the process is working. If, as has been suggested, Chris Samuelson is brokering the deal it may well be that he is speaking for AZ and SJM and there is an agreed price / conditions of sale for the entire club. It would seem unlikely that SJM has been acting unilaterally

[RoyalBlue]

The manic cloth cutter strikes again! The club need to make more money. However, the man who seems to know the price of everything but struggles to see the value in much decides he can cut his way to growth by getting rid of The Commercial Director and, according to Noidea Howe, abandoning the strategic marketing plan that they had paid him to draw up!

As for Madejski being the good guy for not just walking away, his ego will prevent that happening. He knows damn well that if he disappears in that manner, his name is also likely to disappear PDQ. Why would whoever is left holding the baby want to pay homage to him by continuing to have his name on the stadium?!

[Man Friday]

SJM can't just sell his shares for peanuts, as all the buyer would get is the 49%. And who's going to want to buy that ie without at least the controlling share.

Doesn't make sense. If you're going to buy just a minority shareholding you're going to want to pay "peanuts" (in relative terms).

It's SJM who won't want to RECEIVE peanuts, not a buyer not wanting to PAY peanuts.

[Royal Rother]

The manic cloth cutter strikes again! The club need to make more money. However, the man who seems to know the price of everything but struggles to see the value in much decides he can cut his way to growth by getting rid of The Commercial Director and, according to Noidea Howe, abandoning the strategic marketing plan that they had paid him to draw up!

As for Madejski being the good guy for not just walking away, his ego will prevent that happening. He knows damn well that if he disappears in that manner, his name is also likely to disappear PDQ. Why would whoever is left holding the baby want to pay homage to him by continuing to have his name on the stadium?!

[Nameless]

We once employed Mike Lewis in a role labelled as 'Commercial Director'.

Which proves that having someone as a ' Commercial Director' is not in itself a good thing.

I have no idea if the guy who has left was any good, but could it be that his marketing strategy was not seen as a good one and hence his services were seen as no longer required ?

Obviously RB will assume the very worst, throw in a silly and in his eyes humourous name change and rotate his eyeballs but that doesn't mean he knows his arse from his elbow.....

[melonhead]

I haven't spoken to them so I really couldn't say. I believe the club has said their offers were derisory though, suggesting they may be more interested in making a quick buck and asset stripping than taking us forward.

Of course he'll want a good price. But he could sell for peanuts or to any unscrupulous tosser to get away so he's not caught holding the hot potato. He won't deliberately though.

the problem is, that with our best players all sold, and a team half full of kids, and us battling relegation from the championship the club isnt worth the 38 million we are in debt. let alone either owner getting 12.5 million for their shares

[Ian Royal]

I haven't spoken to them so I really couldn't say. I believe the club has said their offers were derisory though, suggesting they may be more interested in making a quick buck and asset stripping than taking us forward.

Of course he'll want a good price. But he could sell for peanuts or to any unscrupulous tosser to get away so he's not caught holding the hot potato. He won't deliberately though.

the problem is, that with our best players all sold, and a team half full of kids, and us battling relegation from the championship the club isnt worth the 38 million we are in debt. let alone either owner getting 12.5 million for their shares

It was worth £25m with about £20m+ debt, no Cat 1 Academy and less high profile players.

[Cureton's Volley]

I haven't spoken to them so I really couldn't say. I believe the club has said their offers were derisory though, suggesting they may be more interested in making a quick buck and asset stripping than taking us forward.

Of course he'll want a good price. But he could sell for peanuts or to any unscrupulous tosser to get away so he's not caught holding the hot potato. He won't deliberately though.

the problem is, that with our best players all sold, and a team half full of kids, and us battling relegation from the championship the club isnt worth the 38 million we are in debt. let alone either owner getting 12.5 million for their shares

It was worth £25m with about £20m+ debt, no Cat 1 Academy and less high profile players.

Exactly. The price of a football club isn't as tied to league position as people make out. Investors look at things over a longer term than one season, and hence it simply isn't THAT volatile.

[melonhead]

I haven't spoken to them so I really couldn't say. I believe the club has said their offers were derisory though, suggesting they may be more interested in making a quick buck and asset stripping than taking us forward.

Of course he'll want a good price. But he could sell for peanuts or to any unscrupulous tosser to get away so he's not caught holding the hot potato. He won't deliberately though.

the problem is, that with our best players all sold, and a team half full of kids, and us battling relegation from the championship the club isnt worth the 38 million we are in debt. let alone either owner getting 12.5 million for their shares

It was worth £25m with about £20m+ debt, no Cat 1 Academy and less high profile players.

we are likely to offload any high profile player for peanuts just to get the wages down.
if theres no money for the training ground, theres no cat 1
when he bought it we were pushing for the prem, when its likely we wont be this season coming.

not saying someone wont pay it. but if i had 60 million quid, i think i could get better, or cheaper clubs out there

[Pepe the Horseman]

What club would you buy if you had the money, brenders?

[Cureton's Volley]

Buy Reading Town for £1.67 and use it to mop up the deserters from the Mad Stad