Confirmed KLD only owns 41%

[Hep]

Methven and Donald are clearly still a cancer within the club, and need cutting out.
They’re a pair of inept, lying, shitty winnets who have pure disdain for our club and supporters. Those that have backed or spoke out against our own fans for them, are stupid and/or lickspittles.

KLD has been silly, purposely misled our fans, and has rightly lost a massive amount of good faith. I’d like to think he still has genuine intentions to progress the club. Alas, keeping them around was always gonna turn out bad.
He needs to address the fans within the next few days of how things work with them all being involved, and what endgame is. And how he plans to move everything forward.
We’ll see what comes from this evening.

I know that RAWA haven’t been everyone’s cup of tea, but we should be grateful we have lads volunteering, who want what’s best for the club, and are so clued up.
I, and many others, were told a month ago they thought KLD only had 41%. Alas, without it being 100% fact, had to bide their time whilst people on here claiming to know it all, and arseholes like @Hep, shouting down anyone who were sceptical.
We have some very clued up supporters as part of these groups, and that is a good thing for our beloved club.

What good has come of this? It's just whipped up a whole load of bad feelings.

As I've said all along, what happens once we found out the percentages? Would the sentiment really be that much different if KLD had 51%, would everyone on here say "ah ok, everything's fine"

You're no further forward, there still isn't a billionaire willing to hand over money to run us at a loss. I'd also imagine we're even less attractive to any potential buyers.

So whilst RAWA might think they doing a sterling job, they've achieved nothing of use. I'm sure CM and SD already knew they were not well-liked, to say the least. Now instead of focussing on the game on Saturday with a new manager and what should have been positive, we're now dogged down in the commercial minutiae of the share holders.

Well done!

 

[Lewberry pie]

I think it could be something we start a process of with pledges and see what number we actually reach, is such a thing theoretically possible?

 

[Grumpy Old Man]

Back up in the boardroom for SD if push comes to shove?

More likely for KLD.

 

[Rogue Badger]

Losing to Charlton in the play off final was what screwed the chuckle brothers as they could no longer go ahead with their plan to flip us after a season

Arguably we might have been even more screwed if we'd beat Charlton. That Mark Campbell fella seems an even bigger chancer.

That said, Wigan went into administration and it cost them a season. Derby will no doubt be challenging next season. At this rate we could be treading water for 10 years in League One.

 

[Kyle89]

He’s allowed himself to be taken for a ride imo, he’s been incredibly naive and badly advised.

Or has been well advised and doesn’t want to cover the mess the chuckle brothers have left?

 

[Grumpy Old Man]

To be fair, although I know we can't trust a word they say, it does mention that he's prepared to sell "at the same level he accepted initially" which, although we don't know what that is, suggests he doesn't want more for the rest of the shares than he got when kld came in. Now, if he's full of shit kld should call him out on it. If not, the question does need to be asked, "why wouldn't you do it?". Surely kld wants full control (or the vast majority if sartori wants to stay involved). Surely he can afford to own 100% (or 80%) of the club, and if he can't then that raises a fuck load more questions. Donald has very much put the ball in kyrils court there. If he wants the club, wants full control, wants the fans to even start trusting him again, then buy Donald out. If Donald starts being difficult then call him out, you've got him saying in black and white that he'll go. He needs to act

Or at a higher price for the remaining shares stipulated as a contingent payment in the original deal. It can be read both ways.

There is the EFL TV money (£2-3m) and the £ per live game as well on top of solidarity so it will be closer to £10m extra all in.

In any case, I was just talking about the overheads rather than playing budget. Operating costs for the stadium etc stays the same whatever league you are in so the extra income might mean you can sort the PA system, open the ticket office, and all the other things there is clearly no spare money to do currently in L1.

Being competitive playing-wise in the Championship is a different thing and will probably take several years of KLD’s approach to buying young and cheap to develop players (either to improve the team or sell on).

Your academy helps with the players, the fact you could get 45,000 a week means you are well placed for FFP.

Bigger crowds and a less restrictive FFP in the Championship does mean KLD can put in significantly more money on wages than currently and probably outspend a lot of the clubs who get 15,000 fans in the Championship. No instant fix and may take several years to compete in the Championship top six.

Just as an outside observer who has watched L2 and L1 for more than 20 years I believe that in L1 your stadium is a burden which could bankrupt you in the future but in the Championship it is a platform for growth.

EFL money in L1 is closer to £1m, c £7m in the Championship.

 

[Ghandi Floss]

What good has come of this? It's just whipped up a whole load of bad feelings.

As I've said all along, what happens once we found out the percentages? Would the sentiment really be that much different if KLD had 51%, would everyone on here say "ah ok, everything's fine"

You're no further forward, there still isn't a billionaire willing to hand over money to run us at a loss. I'd also imagine we're even less attractive to any potential buyers.

So whilst RAWA might think they doing a sterling job, they've achieved nothing of use. I'm sure CM and SD already knew they were not well-liked, to say the least. Now instead of focussing on the game on Saturday with a new manager and what should have been positive, we're now dogged down in the commercial minutiae of the share holders.

Well done!

So in your opinion, supporters should never scrutinise owners of their club, unless it’s gonna reveal good news?

I doubt anyone at RAWA is pleased when they find out negative things, or that they’ve been lied to again.
They’d much prefer to go into meetings to discuss half-time pints, and away tickets. I stopped going in the meetings because all the talk of shares, finance, etc… not just bored me, but I also will freely admit that I don’t understand it at all. Thankfully, to the dismay of Donald/Methven, a lot of our supporters do.
All this is squarely on the club.
You’d have gained more respect by just admitting you were totally wrong, rather than dig your heels in to rather be right, than to care about what’s best for our club.

 

[Grumpy Old Man]

The balance sheet for everything which is not the players. The costs of running the stadium (energy, staff, maintenance etc) the office staff you employ, the academy cost, the training ground operating costs.

You are running Premier League or Championship infrastructure in L1 which is unsustainable. There are clubs like Cheltenham who outside of the playing squad and coaches employ just 3 people full time, which is not uncommon in L1. I suspect you employ many many more.

Your stadium and infrastructure is a huge cost and risk at this level, but once promoted the extra income from the EFL and solidarity payments more than cover that cost.

<Pedant mode on>
Those are profit and loss account items. The balance sheet shows assets and liabilities,
<Pedant mode off>

 

[ir35]

Or has been well advised and doesn’t want to cover the mess the chuckle brothers have left?

I think you’ll be in a very small minority if you think he’s been well advised.

 

[brandon]

Now instead of focussing on the game on Saturday with a new manager and what should have been positive, we're now dogged down in the commercial minutiae of the share holders.

It’s the job of the manager, players and coaches to do that - I suspect they’ll be able to do that without any more issue this week than at any other point this season aside from the normal football related goings on.

 

[ilovehorswill]

He wants to run safc self sufficiently to show his mam and his dads auld marras that hell be able to run Marseilles or some other ESL contender in a similar manner when he starts to get his hands on his money.

Like when a bairn asks for a dog and his parents say “try a goldfish first”.

 

[Pilot Light]

Maybe so, but had he not sold it then he would have lost lots of millions of these ££££$$$$

And your point is?

I was responding comments claiming Short cared about the club.

The rot set in on his watch and he knowingly pocketed the parachute payments.

He clearly didn't care that much.

 

[UpTheDuff]

Or at a higher price for the remaining shares stipulated as a contingent payment in the original deal. It can be read both ways.


EFL money in L1 is closer to £1m, c £7m in the Championship.

Ok so add in the £4m+ solidarity payments and any TV games shown and it is upwards of £11m more.

Makes the P&L (to use correct term) look a bit healthier.-

 

[Grumpy Old Man]

Ok so add in the £4m+ solidarity payments and any TV games shown and it is upwards of £11m more.

Makes the P&L (to use correct term) look a bit healthier.-

Just had a quick look at Bristol City's 2021 accounts (as a fairly typical Championship club). Broadcasting revenue £900k, Pool payment £2.5m. Solidarity £4.7m. Total £8.1m.

Promotion would ensure that increased wages swallowed most of that increase, The real benefit is being one division closer to the PL.

 

[sadsack01]

And you know this how ?

Which bit?

 

[Hep]

So in your opinion, supporters should never scrutinise owners of their club, unless it’s gonna reveal good news?

I doubt anyone at RAWA is pleased when they find out negative things, or that they’ve been lied to again.
They’d much prefer to go into meetings to discuss half-time pints, and away tickets. I stopped going in the meetings because all the talk of shares, finance, etc… not just bored me, but I also will freely admit that I don’t understand it at all. Thankfully, to the dismay of Donald/Methven, a lot of our supporters do.
All this is squarely on the club.
You’d have gained more respect by just admitting you were totally wrong, rather than dig your heels in to rather be right, than to care about what’s best for our club.

I've admitted I was wrong about the percentages on several occasions, but you've not answered any of the other points.

You've made things worse. RAWA was focused on finding this out, without any plan what to do when they did. Protests and bad feeling isn't a great outcome.

Figure out a solution (and SD/CM leaving isn't a solution unless you've figured out what happens after that). Go and find investors, put a fans collective together, do whatever, just don't whine and moan with nothing else going on.

 

[Ghandi Floss]

I've admitted I was wrong about the percentages on several occasions, but you've not answered any of the other points.

You've made things worse. RAWA was focused on finding this out, without any plan what to do when they did. Protests and bad feeling isn't a great outcome.

Figure out a solution (and SD/CM leaving isn't a solution unless you've figured out what happens after that). Go and find investors, put a fans collective together, do whatever, just don't whine and moan with nothing else going on.

RAWA represent our supporters. Our supporters want to know this information, which is clear from the board over the last 24 hours.
And our supporters are rightly pissed off.
Alas, you are in a very small minority of supporters (if you really are one), who don’t want to know, nor care, about it.
Feel free to start a fan group who represents what the minority want, and then you’s can all not care about the future of the club together.

 

[Sea to Shining Sea]

I've admitted I was wrong about the percentages on several occasions, but you've not answered any of the other points.

You've made things worse. RAWA was focused on finding this out, without any plan what to do when they did. Protests and bad feeling isn't a great outcome.

Figure out a solution (and SD/CM leaving isn't a solution unless you've figured out what happens after that). Go and find investors, put a fans collective together, do whatever, just don't whine and moan with nothing else going on.

Letting them know that it’s completely unacceptable and duplicitous to mislead supporters sends a message to them first and foremost. It at least shows that change in approach is needed.

Secondly, if they don’t like the pressure applied, they may look to sell for a reasonable price. Genuine protests, something similar to Blackpool but on a bigger scale, would gain national sports media attention. They won’t want that.

Your approach has failed. Sitting and saying everything is fine, pretending that everything is hunky dory, putting down supporters who have well founded misgivings, has resulted in us being taken for fools anyway. Has it really enhanced our position by just ‘getting behind the club’? No. Here we are, with massive average attendances and supporters getting behind them, languishing in the third division and seeing the ownership group embarrass the club on a national scale.

That has to stop. And it has to change. It’s all well and good for people like you to continuously tell people they’re wrong about everything but that won’t affect any change or improvement.

 

[UpTheDuff]

And your point is?

I was responding comments claiming Short cared about the club.

The rot set in on his watch and he knowingly pocketed the parachute payments.

He clearly didn't care that much.

He’s a businessman at the end of the day and entitled to minimise losses or recoup investment as long as nothing illegal happens.

My view is if fans want owners to cough up their own cash to fund signings then they also need to be prepared to accept those owners taking cash in the other direction. This is why it is generally best to want one’s club to break even without the need for an owner to keep putting cash in, unless the owners are someone like the UAE or Saudi Arabia.

 

[sir rowell cummins]

I’ve been told it is doubtful there ever was an NDA. Just those two scrotes protecting their interest/image. Wouldn’t surprise me if KLD wanted to release the information sooner.
This still wouldn’t absolve him from the complete mess.
He may well be a lot more complicit, but it’s hard to know without hearing more from him.
I think most supporters still can’t understand why he only bought 41%, AND thought it would be a good idea to be involved wouu to them at all.

Who told you that ?