kingshearer 0 Posted August 31, 2009 Share Posted August 31, 2009 This is from SSN ......... Former Tottenham, Rangers and Chelsea player Graham Roberts has lifted the lid on a consortium takeover plan that would provide Alan Shearer with £20-25 million to spend at Newcastle per year. Roberts was speaking on Soccer Extra ahead of a 'big meeting' at Newcastle on Monday night, and he rated the consortium's chances as 'about 75 percent'. The idea is to set up a Barcelona-style hierarchy at Newcastle, with fans electing their own president and generating their own cash. So far Roberts admits the Newcastle board have been sceptical, but he insists it's time it was taken seriously for the good of the club. "There's a few people who have put some money together, we went to meet the Newcastle board but they didn't turn up. [Derek] Llambias didn't show up, we had the financial director and the club secretary," Roberts told Soccer Extra. "They think we're just wasting their time but let me assure them... we're not. "We want to do a Barcelona. You get the supporters to buy into the football club, they have six or seven proper members on the board, you have a chairman who is voted as President, and the supporters who invest get financial gain back out of it. "We're not sure how much they would have to invest, maybe between £10,000 and £20,000, but you can do it through your pension scheme and the supporters who have invested gain a dividend each year - plus they get a season ticket out of it. "The Supporters' Trust is on board, they think it's a wonderful idea, I've got 2,500 members who are all going to join up to this, one fella phoned us on Friday night and gave us a £1 million donation. "We've got some money already [among the founders of the consortium], it's not the £100 million but we've got somewhere near that. "And the way this works is, under our plan, the club becomes very very rich." Big money Roberts revealed he is aware of the debt that Newcastle are carrying, but the figure is different to the one being released for public consumption. That does not deter the former Spurs man though, who claims his consortium would allow Newcastle to compete among England's elite. "I can't divulge the club's current debt, it's not massive, but there are other things that the football club are not letting out. "The overdraft is what has been released into public domain, but we've got accountants working on it, doing due diligence on it, and they're coming up with other things. Shearer for manager "I would say there's a 75 percent chance we could do this. I've got a big meeting on Monday, and it's a chance for the football club to be a wealthy football club. "All we would do is set it up, the fans would then pick their president. They're talking about Barry Moat taking over but he can't get the money. "If he wants to have a meeting with us maybe we could all get together and he can be the chairman. "Alan Shearer would be manager because the fans want that. "The money generated by this system would clear anything the club has got. It would give Alan Shearer £20-25 million to spend on players every year." Link to comment Share on other sites More sharing options...
Kitman 2188 Posted August 31, 2009 Share Posted August 31, 2009 I don't believe the chances of anything coming of this are better than 0%. The chances of some free publicity for Walter Mitty and his mates are however 100%. Link to comment Share on other sites More sharing options...
Park Life 71 Posted August 31, 2009 Share Posted August 31, 2009 I don't believe the chances of anything coming of this are better than 0%. The chances of some free publicity for Walter Mitty and his mates are however 100%. Al Fresco will be manager. Link to comment Share on other sites More sharing options...
Kitman 2188 Posted August 31, 2009 Share Posted August 31, 2009 I don't believe the chances of anything coming of this are better than 0%. The chances of some free publicity for Walter Mitty and his mates are however 100%. Al Fresco will be manager. Well Al be buggered Link to comment Share on other sites More sharing options...
Park Life 71 Posted August 31, 2009 Share Posted August 31, 2009 I don't believe the chances of anything coming of this are better than 0%. The chances of some free publicity for Walter Mitty and his mates are however 100%. Al Fresco will be manager. Well Al be buggered You shittu me?? Link to comment Share on other sites More sharing options...
nufc4ever 0 Posted August 31, 2009 Share Posted August 31, 2009 The Supporters' Trust is on board, they think it's a wonderful idea, I've got 2,500 members who are all going to join up to this, one fella phoned us on Friday night and gave us a £1 million donation. Is that true Peter? Link to comment Share on other sites More sharing options...
ewerk 27006 Posted August 31, 2009 Share Posted August 31, 2009 Pie in the sky. Link to comment Share on other sites More sharing options...
peasepud 59 Posted August 31, 2009 Share Posted August 31, 2009 We're not sure how much they would have to invest, maybe between £10,000 and £20,000, but you can do it through your pension scheme and the supporters who have invested gain a dividend each year - plus they get a season ticket out of it. First I knew about it "The Supporters' Trust is on board, they think it's a wonderful idea, I've got 2,500 members who are all going to join up to this, one fella phoned us on Friday night and gave us a £1 million donation. Bollocks. He doesnt speak for the Trust, yes on paper we see it as a canny idea and are making enquiries as to the members views on it but thats it, he doesnt speak for the trust, he sure as fuck doesnt speak for me and theres no way on this earth he speaks for our members. Link to comment Share on other sites More sharing options...
ewerk 27006 Posted August 31, 2009 Share Posted August 31, 2009 He'd be doing well to get 25% of NUSC to sign up. Link to comment Share on other sites More sharing options...
ewerk 27006 Posted August 31, 2009 Share Posted August 31, 2009 He's on SSN talking about Spurs' potential transfers. I'm pretty sure he's full of shite. Link to comment Share on other sites More sharing options...
Tom_NUFC 0 Posted August 31, 2009 Share Posted August 31, 2009 We're not sure how much they would have to invest, maybe between £10,000 and £20,000, but you can do it through your pension scheme and the supporters who have invested gain a dividend each year - plus they get a season ticket out of it. First I knew about it "The Supporters' Trust is on board, they think it's a wonderful idea, I've got 2,500 members who are all going to join up to this, one fella phoned us on Friday night and gave us a £1 million donation. Bollocks. He doesnt speak for the Trust, yes on paper we see it as a canny idea and are making enquiries as to the members views on it but thats it, he doesnt speak for the trust, he sure as fuck doesnt speak for me and theres no way on this earth he speaks for our members. Just to echo Peter's comments, a couple of committee members have met with them, we are talking to them, but that's all. We have not endorsed them or given them our backing. I still don't know enough about it all to give it my personal backing, and the majority if not all of the committee are the same. So he's getting ahead of himself to say we're behind it 100%, ESPECIALLY to say that all of our members are. We've sent a quick questionnaire out to our members to get some basic opinions. But I bet most people like me won't know the answer to some questions. Link to comment Share on other sites More sharing options...
Jimbo 133 Posted August 31, 2009 Share Posted August 31, 2009 http://www.fanbase410.com/ Link to comment Share on other sites More sharing options...
Jill 0 Posted August 31, 2009 Share Posted August 31, 2009 He's on SSN talking about Spurs' potential transfers. I'm pretty sure he's full of shite. He looked like he didn't have a clue. Nailed on to take over then. Link to comment Share on other sites More sharing options...
sweetleftpeg 0 Posted September 1, 2009 Share Posted September 1, 2009 I saw him talking about his plans on Goals on Sunday (well, Bank Holiday Monday) yesterday and I wouldn't touch this lot with a shitty stick. Doesn't have £100m, fans can have a vote if they've got a spare £20k hanging around so his idea for a 'fans club' is bollocks. If you think Ashley doesn't know what he's doing then you haven't seen this lot. He reckons that Llambias won't meet him because 'they're not taking us seriously.' No shit. Be afraid. Link to comment Share on other sites More sharing options...
Tom_NUFC 0 Posted September 1, 2009 Share Posted September 1, 2009 We're not sure how much they would have to invest, maybe between £10,000 and £20,000, but you can do it through your pension scheme and the supporters who have invested gain a dividend each year - plus they get a season ticket out of it. First I knew about it "The Supporters' Trust is on board, they think it's a wonderful idea, I've got 2,500 members who are all going to join up to this, one fella phoned us on Friday night and gave us a £1 million donation. Bollocks. He doesnt speak for the Trust, yes on paper we see it as a canny idea and are making enquiries as to the members views on it but thats it, he doesnt speak for the trust, he sure as fuck doesnt speak for me and theres no way on this earth he speaks for our members. Just to echo Peter's comments, a couple of committee members have met with them, we are talking to them, but that's all. We have not endorsed them or given them our backing. I still don't know enough about it all to give it my personal backing, and the majority if not all of the committee are the same. So he's getting ahead of himself to say we're behind it 100%, ESPECIALLY to say that all of our members are. We've sent a quick questionnaire out to our members to get some basic opinions. But I bet most people like me won't know the answer to some questions. Hope you've wrote to him telling him his comments are libelous. It's something I'll have a chat about with the lads who have been talking to him. Because I'm not comfortable about that aspect. I'm quite happy for us to be talking to them, but personally I'm not going to back it until I know what its all about. As committee members, we don't know the full picture about them yet, so how we can endorse them, let alone the rest of our members is beyond me. That's not to say I'm against them, just not in a position to give them the backing they're claiming NUST are right now. Link to comment Share on other sites More sharing options...
Guest alex Posted September 2, 2009 Share Posted September 2, 2009 Was talking to Matt pre-match and as he pointed out, if this plan was any good surely some local business men or the likes of Moat could implement something similar rather than this group who don't appear to have any financial clout behind them at all. Link to comment Share on other sites More sharing options...
sweetleftpeg 0 Posted September 2, 2009 Share Posted September 2, 2009 Plus, he was going on about having backing from local businessmen. Now, the onlylocal businessmen with any financial clout are etither a) in with Moat or on the old board and Ashley won't sell to them. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted September 2, 2009 Share Posted September 2, 2009 (edited) Was talking to Matt pre-match and as he pointed out, if this plan was any good surely some local business men or the likes of Moat could implement something similar rather than this group who don't appear to have any financial clout behind them at all. They apparently patented the idea. I head it mentioned that the 'model' has been patent protected or something like that. The reason why Moat or someone hasnt done it before is because making plastic fish toys doesnt qualify you in pension law and complex securitised asset management. You dont need any cash to invest either. You dont see your pension contributions in your wage packet, so if you sign up, your disposable income is not affected, i believe. Its a great idea but like a lot of good ideas, they dont look so great when you start to implement them. Never stopped Brunel though. Edited September 2, 2009 by ChezGiven Link to comment Share on other sites More sharing options...
Guest alex Posted September 2, 2009 Share Posted September 2, 2009 Was talking to Matt pre-match and as he pointed out, if this plan was any good surely some local business men or the likes of Moat could implement something similar rather than this group who don't appear to have any financial clout behind them at all. They apparently patented the idea. I head it mentioned that the 'model' has been patent protected or something like that. The reason why Moat or someone hasnt done it before is because making plastic fish toys doesnt qualify you in pension law and complex securitised asset management. You dont need any cash to invest either. You dont see your pension contributions in your wage packet, so if you sign up, your disposable income is not affected, i believe. Its a great idea but like a lot of good ideas, they dont look so great when you start to implement them. Never stopped Brunel though. Fair enough. Would you stick your pension into it though? Not sure I would, if I had one. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted September 2, 2009 Share Posted September 2, 2009 Was talking to Matt pre-match and as he pointed out, if this plan was any good surely some local business men or the likes of Moat could implement something similar rather than this group who don't appear to have any financial clout behind them at all. They apparently patented the idea. I head it mentioned that the 'model' has been patent protected or something like that. The reason why Moat or someone hasnt done it before is because making plastic fish toys doesnt qualify you in pension law and complex securitised asset management. You dont need any cash to invest either. You dont see your pension contributions in your wage packet, so if you sign up, your disposable income is not affected, i believe. Its a great idea but like a lot of good ideas, they dont look so great when you start to implement them. Never stopped Brunel though. Fair enough. Would you stick your pension into it though? Not sure I would, if I had one. I've got a University one (3 years in), two private ones (8 years in one and 2 years in current) and a state one, so yes i would. Can you put some of the state one in? Everyone has one of them and i assumed this was what they were referring to. To be honest mate, even if we were still in the championship when i retired, it would probably perform ok-ish as a financial asset. The problem i see with this idea is credibility and practical implementatioon. The principle sounds very interesting. Link to comment Share on other sites More sharing options...
Guest alex Posted September 2, 2009 Share Posted September 2, 2009 When you put it that way it does seem like an interesting idea and I know NUSC weren't against it in principle although they were understandably cautious about committing full support without learning more. Just wondering though, as I haven't got a clue - can you patent an idea or concept like this? I'd imagine it would be easy to replicate with a small number of minor changes anyway because if it's possible to invest your pension in a club I'd be very surprised if they could stop someone else using the basic plan behind it. If I'm being honest though my primary concern is having Graham Roberts as the figurehead Link to comment Share on other sites More sharing options...
Park Life 71 Posted September 2, 2009 Share Posted September 2, 2009 I'd put a donk on it. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted September 2, 2009 Share Posted September 2, 2009 When you put it that way it does seem like an interesting idea and I know NUSC weren't against it in principle although they were understandably cautious about committing full support without learning more. Just wondering though, as I haven't got a clue - can you patent an idea or concept like this? I'd imagine it would be easy to replicate with a small number of minor changes anyway because if it's possible to invest your pension in a club I'd be very surprised if they could stop someone else using the basic plan behind it. If I'm being honest though my primary concern is having Graham Roberts as the figurehead Well, if he is as much of a muppet as people say he is, what i want to know his how he understands how it will work? Sounds like some sort of an asset-backed security (need Matt's help here), with the underlying assets being the multiple contributions from pensions that create an income pool. This goes into the club and into some form of security(?), the return from which is paid out when you retire. In short, no idea how it will work properly but it sounds good. Link to comment Share on other sites More sharing options...
Matt 0 Posted September 2, 2009 Share Posted September 2, 2009 The fanbase410 proposal is too blunt an implement, appealing only to a small proportion of our fanbase. I think it overestimates how many fans have that sort of cash to invest, it grossly overestimates how willing fans are to potentially risk the long-term financial wellbeing of themselves and their family and critically restricts the ability of funds to come in from overseas. It's an innovative idea, but there cannot be an adviser in the land that would suggest a football club is a suitable investment for a pension scheme. It's nothing of the sort. If the club went to the wall, so would most (if not all) of your money. It's a risky equity investment. That's before we consider the chaos of fans voting on how the club is run. What is really needed is a number of moderately wealthy businessmen who are committed to the club but do not have the funds to purchase the club outright (clearly there are some). They put in an equity slice of say £20-30m on a sale price of £80m (still way too high). The eventual risks, rewards and decision making is down to those owners. On top of this comes a managed piece of debt, subscribed as a bond by fans. This can be done in relatively small chunks, (£500/£1,000), raising £50m, for example. This is much more accessible to the fanbase in the UK and overseas (although there would be tax implications for both). The interest will have to be paid six-monthly or annually and the principal amount repain on maturity (a mix of 3/5/7 years). Given the interest in the wellbeing of the club, the interest would likely be slightly below prevailing market rates (this would also stop any predators). There would have to be a plan in place to service the debt, although the debt could simply be rolled over into a new bond if there was sufficient interest and support for the running of the club. If the debts are repaid, the club is owned by the original group of investors to run or sell as they see suitable. Critically, this structure can maintain a level of trust between the board/owners and debtholders (supporters). Covenants in the debt ensure that no dividends are paid out while the debt is in place and excess cash can be directed to repay the debt (so the club cannot sell players and sit on the cash). There are 1001 variations on the above and it all depends on the balance between the appetite of investors and the support of the fans. Link to comment Share on other sites More sharing options...
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