Paul_Roberts wrote: Ridsdale has already stated he won't sell the club back to the "Irish" for a quid if we're in the Premier League. He obviously realises he's sat on a potential goldmine if he can increase the value of the club over the next few years - but is stuck between a rock and a hard place because the "Irish" have obviously told him he'll only have a pittance to work with.
I reckon he's not seeking Option B or C, but a supplement to Option A. His £1 investment might be akin to buying a winning Euro Millions ticket if he can move us back up through the divisions. But to do that he needs cold, hard cash - which the "Irish" won't give him.
I agree BUT:
if absolute ownership is to go to PR for £1 then (other than large salary) he can only make money on his 'investment' by the club's value increasing in terms of league position. If the assets are owned separately there is no other way of achieving capital growth.
How does someone like ridsdale finance on the field improvement?
Outside investment? If he pays £1 and he seeks large sums in outside investment how can he justify anything on the sale of the club other than the relative increase in his £1 share? Surely the investors will want in excess of 99% of the club for their money?
Alternatively we end up in another Mastpoint situation where he gets investment in exchange for a return better than the investor can get elsewhere. This is nothing other than a loan on which we pay interest and ultimately have to repay.
I understand the short term requirement for cash but at what cost?
Whether people trust him right now or not, who would relish the thought of the club (under anyone's stewardship) borrowing big to buy on field success? I would have thought if we enter administration in the future without ownership of the ground our prospects would be infinitely bleaker.
That's why this whole business model concerns me deeply. So in all honesty I am suspicious of the investment being sought. Whether he's flown to New York or cycled to Torpoint it matters not really. Without an owner of the entire club - ground included - then we are in a one off solution scenario here. If it goes tits up then there will be no more Argyle. (IMO)