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Sandgaard ownership discussion 2022-3 onwards (Meeting with CAST p138)
Comments
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Not sure if it’s been posted elsewhere but heard some ticket office and admin staff were made redundant on Monday.1
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what is "leverage"?0
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Martin still on the player recruitment side then, and Thomas still talking about the playing side like he knows what he's on about.
Shitshow15 -
I explained why I asked. Scroll back up if interested.SoundAsa£ said:
Not sure why that matters?Bolderhumphreyreid said:
With or without the missus?Fanny Fanackapan said:It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.1 -
Rui Pinto back on twitter. 👍9
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Also, I noticed she was in attendance for the CAST meeting - does Raelynn now have an official role again and does she have a work permit? By her own admission, she’s dealing with club issues.0
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I think he means alternative sources of funds, probably loans of some description.lancashire lad said:what is "leverage"?
https://www.forbes.com/advisor/investing/what-is-leverage/
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“the break even scenario would not be achieved by cost cutting"
"He discounted the idea of imminent sales of young players to balance the books"
Genuinely don't see how in league one you can even get close to achieving the first one without the second.17 -
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We know how to break even but we're not going to tell you. That old chestnut
Why all the noise recently about breaking even anyway?
Who is Sandgaard trying to appease with this constant blurge?
It's certainly not the fans. I doubt most really care if we break even or not.
Two possible reasons for me.
He's either trying to get the attention of someone to get involved. But with the chance of maybe breaking even I doubt there's many investors falling over themselves to pour money in.
Or, he's trying to settle the nerves of someone who has already invested or got capital involved somewhere. Probably his bank manager hoping to at least get some of his money back!0 -
Totally unsurprised by the answers given by TS & RM at the CAST Q & A.
But will need to read through again before commenting & look forward to hearing the opinions of others on here.1 -
"He now approves all expenses"
How far down the football pyramid do we reckon that this sort of thing is normal behaviour? I'd be willing to guess that nearly all L1 owners do not do this?
To have this in the same sentence as "there are “a thousand more business principles which need to be applied throughout the club so it can run more agile”" it's unbelievably short sighted. An agile business is one that doesn't have an owner micro managing every single detail around it.11 -
DA9 said:
Your no funAthletico Charlton said:That is a shame about KA. If I recall correctly he has had long term issues and so it is not definitely about the club, especially given he is staying as a photographer. I wish him well. Seems a very decent person.
Well I should probably therefore point out that it is "you're" no fun then. 😃4 -
I have not read the Trust notes yet but I am wondering if the clubs attempt to break even is why they have emailed my 7year old daughter / Season ticket holder /Junior Red this morning to suggest she bought jackpot tickets. I would assume this is a Small Society Lottery by definition so it would be illegal to sell a ticket to anyone under the age of 16.
You would hope the clubs systems would be sufficient to screen out all U16s.28 -
Just a load of jargon mixed in with statements that completely contradict reality. His statement that we shouldn’t be questioning the business side of the club and should ‘just turn up and cheer on the team’ when things are so clearly crumbling on that side of things pretty much sums it up.castrust said:CAST board members met with Thomas Sandgaard and other club representatives on Weds evening. Here's the full report:
https://www.castrust.org/2022/10/thomas-sandgaard-break-even-scenario-would-not-be-achieved-by-cost-cutting/As I’ve said previously, he’s not looking to sell, he’s just delusional.10 -
Can mean different things in different circumstances. In this case he means use or make the best use of.lancashire lad said:what is "leverage"?1 -
Would you rather he hadn't attempted to answer the questions asked of him by the Trust then?carly burn said:We know how to break even but we're not going to tell you. That old chestnut
Why all the noise recently about breaking even anyway?
Who is Sandgaard trying to appease with this constant blurge?
It's certainly not the fans. I doubt most really care if we break even or not.
Two possible reasons for me.
He's either trying to get the attention of someone to get involved. But with the chance of maybe breaking even I doubt there's many investors falling over themselves to pour money in.
Or, he's trying to settle the nerves of someone who has already invested or got capital involved somewhere. Probably his bank manager hoping to at least get some of his money back!
Most might not worry about breaking even, but as as he said a while back that it was an aim, he was once again being asked to justify his comments. To be fair, he does have a duty of care as our owner to manage the Club's finances responsibly, although not doing so seems to be quite common for clubs aspiring to be successful.
It's not how much he spends anyway that's the problem, it's what he's spending it on, including paying for things like out of court settlements to former employees, assuming that's true. He didn't rule out paying fees in the January window, but I won't be holding my breath after last time and expect it to be loan signings.
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Blah blah blah - This man and regime offer nothing. Complete clowns.16
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I can see both sides of it.colthe3rd said:"He now approves all expenses"
How far down the football pyramid do we reckon that this sort of thing is normal behaviour? I'd be willing to guess that nearly all L1 owners do not do this?
To have this in the same sentence as "there are “a thousand more business principles which need to be applied throughout the club so it can run more agile”" it's unbelievably short sighted. An agile business is one that doesn't have an owner micro managing every single detail around it.
If it was my company i'd certainly want to know what we were paying out, how much, who to and how essential it was.
But it also depends how far he's taking it. I certainly wouldn't expect him to be signing off the cost for coffee and tea bags but anything over a grand or two i could understand.1 - Sponsored links:
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"We suggested that two years into his ownership there is not a clear shape to the structure of the organisation on the non-football side. Thomas said that “we’ll figure it out” and that “you don’t need to worry about that – just turn up and cheer on the team”. "
What a penis... how condescending
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And we thought calling us " customers " was an insult !CAFCsayer said:"We suggested that two years into his ownership there is not a clear shape to the structure of the organisation on the non-football side. Thomas said that “we’ll figure it out” and that “you don’t need to worry about that – just turn up and cheer on the team”. "
What a penis... how condescending4 -
A monkey I'm told!Chris_from_Sidcup said:
I can see both sides of it.colthe3rd said:"He now approves all expenses"
How far down the football pyramid do we reckon that this sort of thing is normal behaviour? I'd be willing to guess that nearly all L1 owners do not do this?
To have this in the same sentence as "there are “a thousand more business principles which need to be applied throughout the club so it can run more agile”" it's unbelievably short sighted. An agile business is one that doesn't have an owner micro managing every single detail around it.
If it was my company i'd certainly want to know what we were paying out, how much, who to and how essential it was.
But it also depends how far he's taking it. I certainly wouldn't expect him to be signing off the cost for coffee and tea bags but anything over a grand or two i could understand.0 -
You don't know our way to breakeven, they go to another school.5
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In his opinion the trust don't have much business savvy.CAFCsayer said:"We suggested that two years into his ownership there is not a clear shape to the structure of the organisation on the non-football side. Thomas said that “we’ll figure it out” and that “you don’t need to worry about that – just turn up and cheer on the team”. "
What a penis... how condescending0 -
Yup ... a pat on the head and telling us not to get involved in stuff we don't understand ... very condescending ... cannot believe I ever defended this bloke!CAFCsayer said:"We suggested that two years into his ownership there is not a clear shape to the structure of the organisation on the non-football side. Thomas said that “we’ll figure it out” and that “you don’t need to worry about that – just turn up and cheer on the team”. "
What a penis... how condescending4 -
Unfortunately the Danish for “bullshit” is “bullshit” so the smartest I can offer is “fjollet spadestik”. It means “silly sod”I was actually reading through the notes (thank you for posting btw) and coming to a slightly more favourable opinion of TS than I have been forming in recent weeks. For a start, at least he turned up! I had a feeling he wouldn’t given his recent disappearing act. And in a sense it’s his business how he spends his money and chooses to run his operations. I imagine that he sees the Trust as a well intentioned pain in the behind. He doesn’t seem to be someone who takes advice from those in a position to understand things in a different and more sympathetic way than he does. That’s his choice and I understand it. But the more I read the more the arrogance and borderline delusion just seeps through. The narcissistic satisfaction of being our saviour has worn off somewhat spectacularly and that is probably difficult for him to take. I don’t read anything though that makes me think he is close to or even thinking about selling up.12
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He’s getting triggered when he’s now having to mention Duchatelet. Not even 10 percent that went on with the protests etc back then, are even close to now.
I don’t see him being owner of Charlton by the start of next season in my opinion. Not been told or heard anything but running it down to the bear minimum may (in his mind) make it easier to sell by next summer
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The new CEO?T_C_E said:
A monkey I'm told!Chris_from_Sidcup said:
I can see both sides of it.colthe3rd said:"He now approves all expenses"
How far down the football pyramid do we reckon that this sort of thing is normal behaviour? I'd be willing to guess that nearly all L1 owners do not do this?
To have this in the same sentence as "there are “a thousand more business principles which need to be applied throughout the club so it can run more agile”" it's unbelievably short sighted. An agile business is one that doesn't have an owner micro managing every single detail around it.
If it was my company i'd certainly want to know what we were paying out, how much, who to and how essential it was.
But it also depends how far he's taking it. I certainly wouldn't expect him to be signing off the cost for coffee and tea bags but anything over a grand or two i could understand.5 -
swordfish said:
Would you rather he hadn't attempted to answer the questions asked of him by the Trust then?carly burn said:We know how to break even but we're not going to tell you. That old chestnut
Why all the noise recently about breaking even anyway?
Who is Sandgaard trying to appease with this constant blurge?
It's certainly not the fans. I doubt most really care if we break even or not.
Two possible reasons for me.
He's either trying to get the attention of someone to get involved. But with the chance of maybe breaking even I doubt there's many investors falling over themselves to pour money in.
Or, he's trying to settle the nerves of someone who has already invested or got capital involved somewhere. Probably his bank manager hoping to at least get some of his money back!
Most might not worry about breaking even, but as as he said a while back that it was an aim, he was once again being asked to justify his comments. To be fair, he does have a duty of care as our owner to manage the Club's finances responsibly, although not doing so seems to be quite common for clubs aspiring to be successful.
It's not how much he spends anyway that's the problem, it's what he's spending it on, including paying for things like out of court settlements to former employees, assuming that's true. He didn't rule out paying fees in the January window, but I won't be holding my breath after last time and expect it to be loan signings.But he didn't answer it did he.I quote ' He believes that there is a lot of potential for growing revenue and that, although he didn’t want to go into detail, there are areas showing good progress. He is confident that losses can be halved in one more season and break even achieved in another season and a half after that."Straight out the book of Trussonomics, that!5
