Re: Investment
Posted: 11 Jan 2020, 12:28
As I am sure most of us have heard the club appears to be edging towards an agreement with QSI to acquire the club. I understand people’s political concerns, that aside, the acquisition will be tremendously positive in terms of investment in infrastructure (which falls outside FFP legislation) & investment on the field.
I have been somewhat critical of Radz lack of investment in the club. The reason why possibly people have been confused by the club's comments last summer that outgoing transfers were due to FFP, is that when the Club says it has taken decisions due to FFP it doesn't necessarily mean this was because losses are exceeding £39m. I believe it means that decisions are due to our owners being unwilling or unable to meet their obligation to buy shares. In defence of Radz - his ability to fund the club is complicated as we have dual ownership, he is subject to a share agreement with 49ers which makes it difficult for Radz to solely buy new shares because their value is wiped out by the "share ratchet agreement" with the 49ers, which he foolishly (in my opinion) signed up to when taking their pieces of silver.
The agreement appears to have hamstrung the club, partly in terms of investment and as regards its sale on the terms Radz ideally would wish. Ultimately it may now be the catalyst for sale.
Additionally there is also the added complication on the QSI side of the ownership of PSG (when we’re in the champions league) - which might mean we could be owned under a different structure.
Ultimately I believe the deal is agreed in principle, there wi be posturing however the deal will be done.
I have been somewhat critical of Radz lack of investment in the club. The reason why possibly people have been confused by the club's comments last summer that outgoing transfers were due to FFP, is that when the Club says it has taken decisions due to FFP it doesn't necessarily mean this was because losses are exceeding £39m. I believe it means that decisions are due to our owners being unwilling or unable to meet their obligation to buy shares. In defence of Radz - his ability to fund the club is complicated as we have dual ownership, he is subject to a share agreement with 49ers which makes it difficult for Radz to solely buy new shares because their value is wiped out by the "share ratchet agreement" with the 49ers, which he foolishly (in my opinion) signed up to when taking their pieces of silver.
The agreement appears to have hamstrung the club, partly in terms of investment and as regards its sale on the terms Radz ideally would wish. Ultimately it may now be the catalyst for sale.
Additionally there is also the added complication on the QSI side of the ownership of PSG (when we’re in the champions league) - which might mean we could be owned under a different structure.
Ultimately I believe the deal is agreed in principle, there wi be posturing however the deal will be done.