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William Storey


Wakoro said:
Football is inflated right now, everyone wants a club. Just think you can recoup that by developing a couple of players. There isn't many investments that return what buying young players can potentially do. Look how close KLD is to premier league riches only a couple of years on from his relatively low investment. That's with him running us on a shoestring with one of the lowest wage bills, little stadium maintenance, club shop and ticket office closed all the time, only spending what he gets in from player sales. On top of being close to hundreds of millions in premier league money he's also sitting on players who he could sell for huge profits that he got for next to nowt.

Football is a great investment if you know what you are doing.
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Is that the fact he’s had to put around £15m of his own money in also?
 
Grumpy Old Man said:
He's still involved in active insolvency proceedings after the compulsory winding up of his company. That's an automatic O&D test fail right there.
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The suggestion over the last couple of weeks is that he is working away at being the head of a consortium, but will himself be a minority stakeholder. Would he need to pass the O&D test himself in that scenario?
 
Wakoro said:
Football is inflated right now, everyone wants a club. Just think you can recoup that by developing a couple of players. There isn't many investments that return what buying young players can potentially do. Look how close KLD is to premier league riches only a couple of years on from his relatively low investment. That's with him running us on a shoestring with one of the lowest wage bills, little stadium maintenance, club shop and ticket office closed all the time, only spending what he gets in from player sales. On top of being close to hundreds of millions in premier league money he's also sitting on players who he could sell for huge profits that he got for next to nowt.

Football is a great investment if you know what you are doing.
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It's a shame that so many that get involved don't know what they're doing.

Saying that, I expect owning/running a club is far more difficult than what you've written about KLD there. You say running us on a shoestring and such, but that's probably bollocks, seeing as he's had to run what is effectively a Premier league ground and training facilities, alongside a Cat one Academy with no money coming in. There'll be a lot of unseen costs that we don't see too, but its easy to just gloss over stuff like that to fit the narrative.

I'm not sure if your post is just a thinly layered attempt to have a go at KLD or if you genuinely think its very easy to run a football club?....maybe it's both.
 
0verlord44 said:
his bid is probably as solid and substantial as a crisp aye
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Free Rich Energy can (empty obviously) with every packet purchased. I assume that selling them is how he intends to raise the funds.

On a related note I wonder where he will turn up at next? He missed Wigan Athletic when they were in trouble which did surprise me tbh.
 
Barry Quizshow said:
Free Rich Energy can (empty obviously) with every packet purchased. I assume that selling them is how he intends to raise the funds.

On a related note I wonder where he will turn up at next? He missed Wigan Athletic when they were in trouble which did surprise me tbh.
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god I hope one day he doesn't end up owning any club. I doubt he has the backing or brain to run the blob machines in the Boro
 
When Rich Energy, the drinks business of William Storey, the would-be buyer of Reading, went under, the liquidator received creditors’ claims for over £68m. The company had £1,700 in the bank.
 
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