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Sandgaard ownership discussion 2022-3 onwards (Meeting with CAST p138)
Comments
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Cafc43v3r said:swordfish said:superclive98 said:CafcSCP said:Crusty54 said:shirty5 said:RonnieMoore said:MuttleyCAFC said:If you are content, happily watch the club decline even more.
HMRC don't care about clubs. They want their pound of flesh.
Each case is different. We're as vulnerable as Derby having failed to rid ourselves of a former owner, only in our case one who has no love for the Club.
Still, when Thomas finally tires of fannying about here and puts us into administration, no doubt a rich white knight will save us and propel us upwards. And if not, well we'll just start up again as a phoenix Club lower down the League structure, playing who knows where. We'd get to see some new grounds too.
It couldn't happen though could it, because we're Charlton.
Reading some of the comments above, it seems a number of posters are suggesting going into administration can turn out well, but don't point out the potential downside.0 -
ElfsborgAddick said:Crusty54 said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Have you any idea what Raelynn Maloney is working on? I have spoken her and she is doing some trouble shooting like identifying why season tickets to the same address are posted separately. This is down to old computer systems. Changes happening for next season. She knows and understands the internal set up pretty well.
My Branch Manager was given the post because of his dad being the owner of the company, it's an absolute mess and the poor fella does not know what day of the week it is.
Was you a supporter of Meire btw?
There are many successful family businesses.2 -
swordfish said:Cafc43v3r said:swordfish said:superclive98 said:CafcSCP said:Crusty54 said:shirty5 said:RonnieMoore said:MuttleyCAFC said:If you are content, happily watch the club decline even more.
HMRC don't care about clubs. They want their pound of flesh.
Each case is different. We're as vulnerable as Derby having failed to rid ourselves of a former owner, only in our case one who has no love for the Club.
Still, when Thomas finally tires of fannying about here and puts us into administration, no doubt a rich white knight will save us and propel us upwards. And if not, well we'll just start up again as a phoenix Club lower down the League structure, playing who knows where. We'd get to see some new grounds too.
It couldn't happen though could it, because we're Charlton.
Reading some of the comments above, it seems a number of posters are suggesting going into administration can turn out well, but don't point out the potential downside.
Would that have been a better option than them selling to Roland? Who knows.0 -
Cafc43v3r said:swordfish said:Cafc43v3r said:swordfish said:superclive98 said:CafcSCP said:Crusty54 said:shirty5 said:RonnieMoore said:MuttleyCAFC said:If you are content, happily watch the club decline even more.
HMRC don't care about clubs. They want their pound of flesh.
Each case is different. We're as vulnerable as Derby having failed to rid ourselves of a former owner, only in our case one who has no love for the Club.
Still, when Thomas finally tires of fannying about here and puts us into administration, no doubt a rich white knight will save us and propel us upwards. And if not, well we'll just start up again as a phoenix Club lower down the League structure, playing who knows where. We'd get to see some new grounds too.
It couldn't happen though could it, because we're Charlton.
Reading some of the comments above, it seems a number of posters are suggesting going into administration can turn out well, but don't point out the potential downside.
Would that have been a better option than them selling to Roland? Who knows.1 -
Cafc43v3r said:swordfish said:Cafc43v3r said:swordfish said:superclive98 said:CafcSCP said:Crusty54 said:shirty5 said:RonnieMoore said:MuttleyCAFC said:If you are content, happily watch the club decline even more.
HMRC don't care about clubs. They want their pound of flesh.
Each case is different. We're as vulnerable as Derby having failed to rid ourselves of a former owner, only in our case one who has no love for the Club.
Still, when Thomas finally tires of fannying about here and puts us into administration, no doubt a rich white knight will save us and propel us upwards. And if not, well we'll just start up again as a phoenix Club lower down the League structure, playing who knows where. We'd get to see some new grounds too.
It couldn't happen though could it, because we're Charlton.
Reading some of the comments above, it seems a number of posters are suggesting going into administration can turn out well, but don't point out the potential downside.
Would that have been a better option than them selling to Roland? Who knows.0 -
boggzy said:Cafc43v3r said:swordfish said:Cafc43v3r said:swordfish said:superclive98 said:CafcSCP said:Crusty54 said:shirty5 said:RonnieMoore said:MuttleyCAFC said:If you are content, happily watch the club decline even more.
HMRC don't care about clubs. They want their pound of flesh.
Each case is different. We're as vulnerable as Derby having failed to rid ourselves of a former owner, only in our case one who has no love for the Club.
Still, when Thomas finally tires of fannying about here and puts us into administration, no doubt a rich white knight will save us and propel us upwards. And if not, well we'll just start up again as a phoenix Club lower down the League structure, playing who knows where. We'd get to see some new grounds too.
It couldn't happen though could it, because we're Charlton.
Reading some of the comments above, it seems a number of posters are suggesting going into administration can turn out well, but don't point out the potential downside.
Would that have been a better option than them selling to Roland? Who knows.0 -
Administration is a high risk process (and has moral issues for the businesses you also affect). It does give any new owner though the chance to start with more of a clean slate.1
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killerandflash said:Administration is a high risk process (and has moral issues for the businesses you also affect). It does give any new owner though the chance to start with more of a clean slate.
None of them have been burdened with paying back historic debt.0 -
Cafc43v3r said:swordfish said:SouthWest_Addicks said:Crusty54 said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Have you any idea what Raelynn Maloney is working on? I have spoken her and she is doing some trouble shooting like identifying why season tickets to the same address are posted separately. This is down to old computer systems. Changes happening for next season. She knows and understands the internal set up pretty well.
It's perfectly reasonable for TS to have Martin here full time and to utilise Raelynn's skills while she is here, assuming she accompanies him.
I have come to the conclusion that Martin’s input, and ability, has been massively over egged by TS. I just think that's the way he is. The story is never consistent and every now and then he credits Martin with stuff thats massively over hyped.
Raelynn, as far as I know, has no official role other than being the partner of the owner. Yet she obviously does "stuff" above and beyond that.
I don't believe people should make on the record statements every 5 minutes, like some people demand, but a bit of clarity about Raelynn and consistency and honesty about Martin would stop half the criticism/arguing in an instant.0 -
Crusty54 said:ElfsborgAddick said:Crusty54 said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Have you any idea what Raelynn Maloney is working on? I have spoken her and she is doing some trouble shooting like identifying why season tickets to the same address are posted separately. This is down to old computer systems. Changes happening for next season. She knows and understands the internal set up pretty well.
My Branch Manager was given the post because of his dad being the owner of the company, it's an absolute mess and the poor fella does not know what day of the week it is.
Was you a supporter of Meire btw?
There are many successful family businesses.1 - Sponsored links:
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thenewbie said:
The takeover was two years ago now. I would like to think that firm plans would have been in place well before now. It's possible that plans have changed (by necessity or choice) but that's implying that the original plan did not work - which is why I am sticking with my stance that Sandgaard is better off reining in the bravado and braggadocio until he's got something to actually boast about.
I think you probably have a point that the division as a whole is getting better/harder but my concern is that Sandgaard doesn't seem to be adjusting accordingly.
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wmcf123 said:Cafc43v3r said:swordfish said:SouthWest_Addicks said:Crusty54 said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Have you any idea what Raelynn Maloney is working on? I have spoken her and she is doing some trouble shooting like identifying why season tickets to the same address are posted separately. This is down to old computer systems. Changes happening for next season. She knows and understands the internal set up pretty well.
It's perfectly reasonable for TS to have Martin here full time and to utilise Raelynn's skills while she is here, assuming she accompanies him.
I have come to the conclusion that Martin’s input, and ability, has been massively over egged by TS. I just think that's the way he is. The story is never consistent and every now and then he credits Martin with stuff thats massively over hyped.
Raelynn, as far as I know, has no official role other than being the partner of the owner. Yet she obviously does "stuff" above and beyond that.
I don't believe people should make on the record statements every 5 minutes, like some people demand, but a bit of clarity about Raelynn and consistency and honesty about Martin would stop half the criticism/arguing in an instant.0 -
Cafc43v3r said:wmcf123 said:Cafc43v3r said:swordfish said:SouthWest_Addicks said:Crusty54 said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Have you any idea what Raelynn Maloney is working on? I have spoken her and she is doing some trouble shooting like identifying why season tickets to the same address are posted separately. This is down to old computer systems. Changes happening for next season. She knows and understands the internal set up pretty well.
It's perfectly reasonable for TS to have Martin here full time and to utilise Raelynn's skills while she is here, assuming she accompanies him.
I have come to the conclusion that Martin’s input, and ability, has been massively over egged by TS. I just think that's the way he is. The story is never consistent and every now and then he credits Martin with stuff thats massively over hyped.
Raelynn, as far as I know, has no official role other than being the partner of the owner. Yet she obviously does "stuff" above and beyond that.
I don't believe people should make on the record statements every 5 minutes, like some people demand, but a bit of clarity about Raelynn and consistency and honesty about Martin would stop half the criticism/arguing in an instant..
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wmcf123 said:Cafc43v3r said:swordfish said:SouthWest_Addicks said:Crusty54 said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Have you any idea what Raelynn Maloney is working on? I have spoken her and she is doing some trouble shooting like identifying why season tickets to the same address are posted separately. This is down to old computer systems. Changes happening for next season. She knows and understands the internal set up pretty well.
It's perfectly reasonable for TS to have Martin here full time and to utilise Raelynn's skills while she is here, assuming she accompanies him.
I have come to the conclusion that Martin’s input, and ability, has been massively over egged by TS. I just think that's the way he is. The story is never consistent and every now and then he credits Martin with stuff thats massively over hyped.
Raelynn, as far as I know, has no official role other than being the partner of the owner. Yet she obviously does "stuff" above and beyond that.
I don't believe people should make on the record statements every 5 minutes, like some people demand, but a bit of clarity about Raelynn and consistency and honesty about Martin would stop half the criticism/arguing in an instant.2 -
Cafc43v3r said:killerandflash said:Administration is a high risk process (and has moral issues for the businesses you also affect). It does give any new owner though the chance to start with more of a clean slate.
None of them have been burdened with paying back historic debt.
The spivs got a very good deal since apart from that debt and the ex-director loans they effectively picked up the assets for nothing. I am no fan, obviously, but they were still a better option than Sebastien Sainsbury and co.
In practice, they just moved a chunk of the bank debt into other borrowing and their accumulated debt became RD's purchase price, so he did pay £18m to acquire the club as well as picking up the balance of the bank debt. His trump card was timing.
The difference from 2017 onwards is that there were multiple people willing to buy the club, even in L1, but none of them could deal with RD. That is still the problem. It has just been put on the back burner. ESI did take on £44m of debt - TS has restructured that so it is not on the books as debt, but the essential problem remains, which is that RD wants his money back and will try to use the assets to obtain it.3 -
Cafc43v3r said:swordfish said:superclive98 said:CafcSCP said:Crusty54 said:shirty5 said:RonnieMoore said:MuttleyCAFC said:If you are content, happily watch the club decline even more.
HMRC don't care about clubs. They want their pound of flesh.
Each case is different. We're as vulnerable as Derby having failed to rid ourselves of a former owner, only in our case one who has no love for the Club.
Still, when Thomas finally tires of fannying about here and puts us into administration, no doubt a rich white knight will save us and propel us upwards. And if not, well we'll just start up again as a phoenix Club lower down the League structure, playing who knows where. We'd get to see some new grounds too.
It couldn't happen though could it, because we're Charlton.2 -
Still owns the land and property, which is probably more important to RD whilst he believes the silly valuation1
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Rothko said:Still owns the land and property, which is probably more important to RD whilst he believes the silly valuation6
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do the director loans apply to the freeholds? or the club? I assume its the latter..0
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razil said:do the director loans apply to the freeholds? or the club? I assume its the latter..0
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Airman Brown said:Rothko said:Still owns the land and property, which is probably more important to RD whilst he believes the silly valuation0
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Cafc43v3r said:boggzy said:Cafc43v3r said:swordfish said:Cafc43v3r said:swordfish said:superclive98 said:CafcSCP said:Crusty54 said:shirty5 said:RonnieMoore said:MuttleyCAFC said:If you are content, happily watch the club decline even more.
HMRC don't care about clubs. They want their pound of flesh.
Each case is different. We're as vulnerable as Derby having failed to rid ourselves of a former owner, only in our case one who has no love for the Club.
Still, when Thomas finally tires of fannying about here and puts us into administration, no doubt a rich white knight will save us and propel us upwards. And if not, well we'll just start up again as a phoenix Club lower down the League structure, playing who knows where. We'd get to see some new grounds too.
It couldn't happen though could it, because we're Charlton.
Reading some of the comments above, it seems a number of posters are suggesting going into administration can turn out well, but don't point out the potential downside.
Would that have been a better option than them selling to Roland? Who knows.0 -
carly burn said:Airman Brown said:Rothko said:Still owns the land and property, which is probably more important to RD whilst he believes the silly valuation
In 1991-92 the club would not have survived without the arrival of Martin Simons, Richard Murray and, to a lesser extent, Mike Stevens.
Clearly administration was a risk in 2020 but it was largely at the whim of Duchatelet, who had a problem because he was still on the hook for the £7m ex-director loans if it happened. ESI was a problem of his creation.3 -
ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Many businesses are more than proud to herald that they are a family-run firm. Ranging from local butchers through to the Issa brothers huge empire. (And where did the oft mentioned Andrew Barclay get his wealth from?) Probably best though that I don't mention the Maxwell dynasty. My niece is HR director of a family-run and successful engineering company: there are the father and mother and three offspring in senior positions in the business.
Now, of course, the Sandgaard crew will have no experience of running an English professional football club. But then, how much of said experience did Murray and Varney have when they took over: none. Varney was some form of admin person in Lewisham council I seem to recall! He was far from infallible when he first started working for Charlton. Varney was not immune to making mistakes either.
In my opinion, ideally, Charlton should have an experienced CEO in place. But it hasn't and where would we get one?
At the end of the day we will succeed or fail. And far more football clubs do the latter. To state the bleeding obvious, only three clubs get promoted from Division 3 with 21 doing nothing or worse than nothing!. So the odds are against us as they are for everyone.
The Sandgaards will succeed or fail. Until we see the outcome we will not know which it will be. Yes, a whole series of mistakes both on the football field and off it have been made. Let us hope that better decisions are made in the future. Otherwise it will be grim for everyone. But who can say whether anyone else employed by the club would do better or worse than the current incumbents?9 -
cafcfan said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Many businesses are more than proud to herald that they are a family-run firm. Ranging from local butchers through to the Issa brothers huge empire. (And where did the oft mentioned Andrew Barclay get his wealth from?) Probably best though that I don't mention the Maxwell dynasty. My niece is HR director of a family-run and successful engineering company: there are the father and mother and three offspring in senior positions in the business.
Now, of course, the Sandgaard crew will have no experience of running an English professional football club. But then, how much of said experience did Murray and Varney have when they took over: none. Varney was some form of admin person in Lewisham council I seem to recall! He was far from infallible when he first started working for Charlton. Varney was not immune to making mistakes either.
In my opinion, ideally, Charlton should have an experienced CEO in place. But it hasn't and where would we get one?
At the end of the day we will succeed or fail. And far more football clubs do the latter. To stae the bleeding obvious, only three clubs get promoted from Division 3 with 21 doing nothing or worse than nothing!. So the odds are against us as they are for everyone.
The Sandgaards will succeed or fail. Until we see the outcome we will not know which it will be. Yes, a whole series of mistakes both on the football field and off it have been made. Let us hope that better decisions are made in the future. Otherwise it will be grim for everyone. But who can say whether anyone else employed by the club would do better or worse than the current incumbents?2 -
cafcfan said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Many businesses are more than proud to herald that they are a family-run firm. Ranging from local butchers through to the Issa brothers huge empire. (And where did the oft mentioned Andrew Barclay get his wealth from?) Probably best though that I don't mention the Maxwell dynasty. My niece is HR director of a family-run and successful engineering company: there are the father and mother and three offspring in senior positions in the business.
Now, of course, the Sandgaard crew will have no experience of running an English professional football club. But then, how much of said experience did Murray and Varney have when they took over: none. Varney was some form of admin person in Lewisham council I seem to recall! He was far from infallible when he first started working for Charlton. Varney was not immune to making mistakes either.
In my opinion, ideally, Charlton should have an experienced CEO in place. But it hasn't and where would we get one?
At the end of the day we will succeed or fail. And far more football clubs do the latter. To stae the bleeding obvious, only three clubs get promoted from Division 3 with 21 doing nothing or worse than nothing!. So the odds are against us as they are for everyone.
The Sandgaards will succeed or fail. Until we see the outcome we will not know which it will be. Yes, a whole series of mistakes both on the football field and off it have been made. Let us hope that better decisions are made in the future. Otherwise it will be grim for everyone. But who can say whether anyone else employed by the club would do better or worse than the current incumbents?
The money behind Barclay was not solely from his family, although it's academic now anyway. There was a silent partner who would only have been revealed if it had happened. If Roland had got a sniff of this person's wealth he would have wanted even more.
"Varney was some form of admin person in Lewisham council I seem to recall! He was far from infallible when he first started working for Charlton. Varney was not immune to making mistakes either."
"Of course not, but he wasn't working for Lewisham council prior to 1997 when he joined the club. He was running a charity."
"In my opinion, ideally, Charlton should have an experienced CEO in place. But it hasn't and where would we get one?"
Well, presumably the same place we get players and managers from ... other clubs where they have had success? But in any event, not having anyone in the role is not the same as a good or bad incumbent. It's a hole in the structure.
"The Sandgaards will succeed or fail. Until we see the outcome we will not know which it will be."
People can make reasonable judgements based on their own experience and information coming out of the club. You can agree or disagree, but you can't argue it's unreasonable for people to have an opinion.
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There was a silent partner who would only have been revealed if it had happened. If Roland had got a sniff of this person's wealth he would have wanted even more.
just when I think I couldn't give a toss anymore, Airman goes and throws this nugget in...0 -
Elthamaddick said:There was a silent partner who would only have been revealed if it had happened. If Roland had got a sniff of this person's wealth he would have wanted even more.
just when I think I couldn't give a toss anymore, Airman goes and throws this nugget in...
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... That's alright then. (Today's Mirror).
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Crusty54 said:ElfsborgAddick said:Crusty54 said:ElfsborgAddick said:MuttleyCAFC said:We should still be grateful to Sandgaard. There was a chance we could have ceased to exist and he removed it. Also, he has invested in the club and in my view, wiser investment of the same scale and we would be in a much better place.
Behind the scenes it has been a bit chaotic as well as in front of them as 4 managers testify to. Stability seems to be a word Sandgaard doesn't understand. He has bought and owns this expensive toy and wants to play with it. The problem is, we have an emotional attachment to it and the fans, lets face it, area a big reason why people buy into a loss making business like football. Well lower league football at least. For the adulation and triumph when you get it right.
After that we can move forward, behind the scenes anyway.
Have you any idea what Raelynn Maloney is working on? I have spoken her and she is doing some trouble shooting like identifying why season tickets to the same address are posted separately. This is down to old computer systems. Changes happening for next season. She knows and understands the internal set up pretty well.
My Branch Manager was given the post because of his dad being the owner of the company, it's an absolute mess and the poor fella does not know what day of the week it is.
Was you a supporter of Meire btw?
There are many successful family businesses.0