50%+1 will buy us some time and we can use that time to come up with a 'unique solution' (sorry don't mean to use koppel phrase) where we can sell beyond 50% but keep Plough Lane etc safe. Don't run before you can even crawl let alone walk. 50%+1 will barely get through at best. Selling completely won't get through yet or even close.

Minority investment will just kick the can, .need someone to invest in a casino on ground floor, a hotel and stand build.

Bert's prompts are getting better or the AI is getting better or it is just a suitable starting image but there seem to be no anatomical or architectural impossibilities in today's OTD picture.

I don't want someone to buy us to take us to the Championship. I believe we need someone to buy us to have any hope of remaining a going concern within the EFL.

In an ideal world I would like to remain fan-owned, it’s nice to be different and bask in what we have built. That said, it’s not an ideal world, we’ve literally been told by the club that things aren’t sustainable as they are - we’re going to have to do something different pretty sharpish!

Not enough to stay alive Leddy. It’s not about the teams around us it’s about our own sustainability.

Surely all these other clubs finding rich investors just makes it harder. We then will need to find someone willing spend even more on us to progress.

AFC Wallflower

SHEFFIELD FC . [Link]

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Anyone else noticed that Sky appear to be muffling or dampening the crowd audio when fans chant “Sky TV, is f***ing shit”? Noticed it in a few games recently.

So many fond memories of Harry Pell. That goal against Leyton Orient in 2022, trying to target franchise supporters in the warm up that season.

A link to accompany CW’s post about Pell [Link]

Aww. Poor Harry Pell. We went to sit in the home end at Cheltenham a few years ago and they absolutely loved him there. The children all had his name on their shirts.

If it comes to it it will have to be some Nick Roberton John Green and a Mate or Two type consortium with Plough Lane remaining under Trust ownership and leased to the club.

Sad about Harry Pell having to retire through injury

Has anyone looked at how SCMP impacts us compared to other clubs in L1 & L2?

Don’t need to look too far- isn’t Nick Robertson worth £100m+ ?

Just looking at Wikipedia- there are 29,000 people worldwide with a net worth of $100m+, so it’s not implausible that one of them might fancy owning “the greatest story in football” (TM) if we were for sale

JG- fair points- I do agree that whoever buys us will need to have a LOT of cash available (whether £100m or not isn’t the big question) but those people are out there - just look at other clubs. If we were well run we would be looking for someone like that now, so we could control the sale process, but the stubborn attachment to fan ownership and our “block all change” constitution means that we will likely have to take our chances with administration. I don’t think that £2.8m of annual losses are inevitable (I suspect that if we were better run we could trim that a bit) but I think that there is no way that we can be profitable, as so many other clubs are willing to run at a loss by paying up for players and we have to do the same if we are to compete, which means making losses unless we can have sustained income at levels greater than those of our competitors (and I see no reason why we can do that in a ( 10k capacity stadium)

Nick - a few thoughts/clarifications: 1) Accepted we rarely sell out but are more often than not running at 95% useable home support capacity. I would point out that there are often occasions where I would like to purchase further tickets for friends or family but am unable to do so unless they sit a few blocks away; 3) I wasn't suggesting that they would need £100m to purchase the club - but they might need £10m-£20m to invest in increasing stadium capacity and improving training facilities etc in addition to funding £2.8m of losses each year (which you seem to imply are inevitable - and who knows you might be right - but a notion that I'm not prepared to concede. The minimum of £100m real net worth, was what I was referring to. Anyone with much less than that will be unlikely to stomach the pain. I agree that the best and most likely bet, unless the Club at least try something radically different, will be for such a person to buy the Club out of administration - although presumably if they bought all of the shares currently owned by the Collective the purchase capital would remain in the club - so the result might be the same.

Russ - they couldn’t even send a bond survey email out today without mucking it up

Anyone know the format of the meeting next week? Will there be open questions?

DTB were unable to answer questions on Discord as to why they chose to target debentures rather than looking at other areas like concessions. Maybe they will answer similar questions at this upcoming meeting. Maybe our finances are better than rumoured. Maybe I just saw a pig flying over my house.