Potential Minority Investment

Discussion in 'The Hornets' Nest - Watford Chat' started by TomWatfordFC, Dec 29, 2023.

  1. a19tgg

    a19tgg First Team

    They won’t have pulled out simply because AL spilled the beans, the truth is they and any other investor touted were never that far down the road or that interested, so this is just a coping mechanism for them. Easier to blame a journalist when it inevitably doesn’t happen, and then that paves the way for even more excuses for Gino. It’s not Gino’s fault he’s run the club into the ground, he wanted to sell but a journalist ruined it for him!
  2. wfc4ever

    wfc4ever Administrator Staff Member

    Yes it certainly wasn’t going to happen in an instant as some fans generally seem to think.
    a19tgg likes this.
  3. hornetboy1

    hornetboy1 First Team Captain

    Yes I agree. It does sound unlikely to suggest it's a journo who has ruined it. If you want to buy a club or invest in it, then it's inevitable people will find out, especially when some of the people associated to the potential deal were guest of honour at a match. It's hardly cloak and dagger stuff. From what I've heard on how they operate, I wouldn't have been too keen anyway, and hopefully they are not the only interested party.

    But.......if no one comes in for us in the summer, we are well and truly fooked. The team we have now will be watered down even further. Can we trust people like Duxbury, Pozzo, Mani and Val to get it right? As basically that is our entire recruitment team. That makes me shudder. No wonder these clowns think Rajovic is going to be a great Championship striker......they are just clueless (although Nani had no hand in that, so is unfair to include him in the scorn just yet). Out of our summer signings, Healey has already gone, Ince doesn't get a look in, Rajovic is not what we need, Lewis has been hugely disappointing, Chak has been decent enough and Livermore is a short term solution who has done well. So more misses than hits, and certainly no squad rebuilding.

    We will probably avoid the drop this season, although we'll be close to it come May. But next season, if Gino doesn't sell or if we don't get major investment we're going down for sure.
    Happy bunny likes this.
  4. a19tgg

    a19tgg First Team

    I don’t think investment is coming at all, it’s clear Gino has run out of road and is desperately seeking it, but desperately seeking it and getting it are two very different things, especially if the quoted figures for our valuation are remotely accurate in his mind.

    If it did happen and it’s a minority steak, then it would just be kicking the can down the road anyway, with it giving Gino a little bit more money to play with in the short term.

    Realistically the great reset is just us returning to our days of being a penniless Chanpinship club, and that’s the upside, and if Udinese get relegated then that really will be the final nail in the coffin for the whole thing.
  5. UEA_Hornet

    UEA_Hornet First Team Captain

    Mmmmm.... minority steak

  6. UEA_Hornet

    UEA_Hornet First Team Captain

    What's funniest here is we've now got the podders indirectly going at each other. Leventhal, who used to do a thing for FTRE, defects to WD18 and gives them the big scoop on the potential investors, and is then blamed by DNSYE for causing the deal to collapse.

    They're all a bunch of whoppers so anything that pits them all against each other is good in my books.
  7. Robert Peel

    Robert Peel Squad Player

    Fingers crossed it turns into a fight to the death.
    BeersThen likes this.
  8. I Blame Pozzo

    I Blame Pozzo First Team

    Who will be Hector and who will be Achilles?
    Who will chase who around the walls of the Vic,three times?

    Exciting times.
  9. hornetboy1

    hornetboy1 First Team Captain

    They are fruit loops for sure, although I do like Peter who anchors it. He's very good I think. You get Uncle Ron who calls everyone a b'stard, Wendover Horn who defends everything Pozzo does.....and there are a few others. I think one is called Rich, and he claims he knows stuff on the inside but is always wrong. Charlie who speaks well but is very antagonistic. It's like a real soap opera, and all the characters are so one dimensional.

    If you'd like to listen to a podcast without the loonies, I would direct you to Voices of the Vic. Mike and Ben are just two regular fans, trying to make sense of it all. Decent guys.
    Muggins_77 likes this.
  10. Robert Peel

    Robert Peel Squad Player

    Unless it involves people directly involved with a club, why would anyone listen to a fan podcast?
    miked2006, Happy bunny and GoingDown like this.
  11. Keighley

    Keighley First Team

    scummybear likes this.
  12. Since63

    Since63 Squad Player

    It could even end up on TV. Priam time viewing.
  13. BeersThen

    BeersThen Reservist

    Hoping someone pods about it.
    scummybear likes this.
  14. Robert Peel

    Robert Peel Squad Player

    Wonder how the podders would react to being podded about.
  15. Smudger

    Smudger Messi's Mad Coach Staff Member

    Kevin can be Hector and Ajax Major can argue with everyone.
    I Blame Pozzo likes this.
  16. Burnsy

    Burnsy First Team

    And it has emerged that one of the two potential groups of investors have walked away from the table while discussions with the other have slowed, thus reducing the chance of an immediate injection of funds.

    I’m going to pull a Rous and give it the big ‘I told you so.’

    Was never ever as close as Leventhal made it sound.
  17. Burnsy

    Burnsy First Team

    So DNSYE read my post on the forum, then claimed it as their own?

    The swines!

    (AL alone didn’t cause them to pull out - but he didn’t help, least of all by naming the group and main party.)
  18. Happy bunny

    Happy bunny Cheered up a bit

    And that I suppose is where the transfer window went.
  19. hornetboy1

    hornetboy1 First Team Captain

    It appears the group who we don’t know the identity of are the ones that have walked but the party AL reported are still at the table, albeit talks have slowed.
  20. GoingDown

    GoingDown "The Stability"

    Leventhal is our most important fan and if he didn’t fancy them, then they probably weren’t right for him (us).
    lutonh8a likes this.
  21. hornetboy1

    hornetboy1 First Team Captain

  22. Robert Peel

    Robert Peel Squad Player

    Chumlax likes this.
  23. Burnsy

    Burnsy First Team

    That is not the case.
  24. Ilkley

    Ilkley Formerly known as An Ilkley Orn Baht 'at

    Last edited: Feb 8, 2024
  25. Chumlax

    Chumlax Squad Player

  26. BeersThen

    BeersThen Reservist

    Thought it was just me!
    Robert Peel and Chumlax like this.
  27. SkylaRose

    SkylaRose Administrator Staff Member

    Wow and I thought some of the comments on here were depressing at times. The WO site makes this place look like a safe haven.

    However having read that, I do like the fact French laid it out in layman's terms for the financial side of things. Excluding what we owe Gino as his "investment" into the club (or also known as 'Owners Debt') we still need to get these loans paid back, and I do fear going up this season is very unlikely (although still possible) so we are going to have to sell Asprilla, Kone and possibly Martins if the books needed to be balanced. It is good news that we actually have paid of large chunk of the debt this season and that is positive, but like many of us have said numerous times next season will be a real struggle and dependent on who goes and what little we get in, I would probably see next season as surviving in the Championship would be the ideal goal.

    It was also interesting to read the other 'investor group' has so far not pulled out of the talks, albeit the have stalled. But hopefully there is some traction on this in the future.
  28. wfc4ever

    wfc4ever Administrator Staff Member

    They seem to blame the manager a lot more alongside the Pozzos and Duxbury.

    Certainly not much love for VI “boring football “ and “ excuses “

    Appears to be the Tom Ince fan club too !
  29. CaveManHornet

    CaveManHornet Reservist

    Sound like a broken record here, but it’s an absolute disgrace that we are paying Duxbury almost a million quid a year. I actually gag at the thought of it…

    All because he’s a yes man???? Fark it, I’ll be a yes man for 50k a year + a company car, perhaps even get the club to cover my rents for a decent gaff in Radlett… All because i’m feeling a bit spoilt.. and all that would still save the club 800k a year to spend elsewhere!!
    IRB, SkylaRose, I Blame Pozzo and 2 others like this.
  30. AndrewH63

    AndrewH63 Reservist

    I have absolutely no insight into the particulars of this thread, who is involved in talks, etc.

    I would be interested on why people think someone, with access to £10s millions, would be interested in becoming a minority investor (different from benefactor), in any club. How would they increase the value of their investment and generate a return?
  31. WatfordDH

    WatfordDH Academy Graduate

    We don’t actually own Martins if I recall correctly
  32. BeersThen

    BeersThen Reservist

    Agree. The fact that he appeared to copy and paste his 'mission statement' for the annual accounts sums it up.
    CaveManHornet likes this.
  33. a19tgg

    a19tgg First Team

    The only way it would make any sense is if, as had been suggested, the potential investor was already part of a multi-club group. That way you can see the benefits of having a share in another club, even if it’s a minority one, but I don’t know if that was just speculation on here and had any basis in fact.

    Otherwise it makes no sense at all (for any potential investor) especially at the touted valuations of £150/£200m. The only one it makes any sense for is Gino, he maintains a controlling stake, whilst getting a cash injection to keep the Wolf from the door/buy players/ pay back some of his debt to himself etc.

    But for the minority investor, other than just some sort of brag of being able to say they part own a football club, to me it makes zero sense at all. They won’t money any money, the ones they’ve invested will be at risk, and they won’t have any real say in anything.
    RMT79 and SkylaRose like this.
  34. Loyalhornet

    Loyalhornet Reservist

    It wouldn’t really make any sense . Only if it was a hedge fund interested in a speculative investment to diversify their portfolio ( which it doesn’t sound like it is ) or an investor who really believes in the business plan , which I assume would involve getting back to the premier league . But that seems unlikely which is maybe why this has broken down.
  35. SkylaRose

    SkylaRose Administrator Staff Member

    I think that is by far the easiest post to understand and get the "layman" speech on how this all works. Well done @a19tgg for making it easy for all us financial noodles. :p

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