Plastic_Janner":1an8tug8 said:
One of the things that has most annoyed me about the criticism of JB and especially specifically his inability to complete proposed projects, is that some people seem to think that the economic downturn that started with the banking sector collapse has no influence on the ability of projects to attract borrowing. To attract funding you have to present confident plans with ambition and engender a sense of the possible. These plans are nothing more than this- an initial investment to attract backers who see the potential. We can all look at the clubs with so called "ambition" and vilify our own chairman for not delivering, but we must realise that they are being bank-rolled by personal fortunes or assets which can act as security for borrowing. JB has never claimed any of these. so we should be pleased that in the light of our perilous position a few years ago, that the club has moved considerably forward.
Firstly I would congratulate JB for getting the club into profit - no mean feat given our position a few years ago.
Re the above, I'm not quite sure who thinks the banking collapse has no influence on the ability to attract borrowing. It very obviously does.
On a wider front, I wonder if JB is doing himself no favours by perhaps biting off more than he can chew. In the development world a developer who has regularly failed to secure funding to complete projects will eventually gain an unhelpful reputation, which in turn could count against him as he seeks funding in the future. Should JB have recognised, particularly in the light of the banking crisis, that he would be unable to compete against much larger and well established developers with access to funds?
I also worry that JB's many interests could hold up Argyle's progress. With the club (relatively) stable, he might have been able to attract outside investor(s) capable of injecting funds into the club's playing budget. However with the development of HHP (in whatever form) holding the key to lucrative projects elsewhere in the city, it is perhaps understandable that JB doesn't want to share such potential with others.