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Another poor Smurf decision

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What in your view is a good chairman of Port Vale ? Bill Bell? Bill Bratt? Peter Miller? Mike Lloyd ?

 

Bill Bell had some interesting ideas on financial management but he had the eminent good sense to let the man who knew what he was doing get on with team affairs. He never went out and bought players without consulting the manager then handed them over and told him "Here's your striker".

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Bill Bell had some interesting ideas on financial management but he had the eminent good sense to let the man who knew what he was doing get on with team affairs. He never went out and bought players without consulting the manager then handed them over and told him "Here's your striker".

 

I agree 100% Norman has been badly advised and got involved in team affairs

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Bill Bell was a crook and quite underhanded with some of his financial decisions but at least he could recognise a decent manager when he saw one and I'm sure if he had a telephone from Mourinhio telling him what to do he would tell him to **** off.

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I agree 100% Norman has been badly advised and got involved in team affairs

 

He's the one who makes the decisions, he can take advice or leave it. I am yet to see him make a really good decision.

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Could you give me an alternative owner?

 

There were a number of bidders last time... maybe one of them.

 

The guys from Synectics maybe.

 

We won't know until Mr Smurthwaite puts a realistic valuation on the club and stops trying to make back the money he lost through stupid decisions.

 

Are you saying Norman smurthwaite is the ONLY option available to Port Vale football club?

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Unfortunately he is the only option while he values the club at the ridiculous price that he does. He will kill this club off totally if he remains.

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Enlighten me more please Jean ? I have not taken it upon myself to look at the accounts

 

The Accounts show creditors amounts due within one year as £4.1 million - an increase of 900k on last year. They also show that £3 million of this is the director's loan account owed to the chairman so there is another £1.1 million owed to creditors other than the chairman.

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There were a number of bidders last time... maybe one of them.

 

The guys from Synectics maybe.

 

We won't know until Mr Smurthwaite puts a realistic valuation on the club and stops trying to make back the money he lost through stupid decisions.

 

Are you saying Norman smurthwaite is the ONLY option available to Port Vale football club?

 

Please synetics, they don't have the money to buy the club let alone run it.

 

Would you buy a house and sell it for half its value ?

 

Norman is the only current viable option at the minute.

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The Accounts show creditors amounts due within one year as £4.1 million - an increase of 900k on last year. They also show that £3 million of this is the director's loan account owed to the chairman so there is another £1.1 million owed to creditors other than the chairman.

 

Would the 1.1 million possibly be to the company that owns the club shop and stadium? I do believe these to be owned to a certain family with the name very similar if not identical to the current owners of Port Vale ?

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Please synetics, they don't have the money to buy the club let alone run it.

 

Would you buy a house and sell it for half its value ?

 

Norman is the only current viable option at the minute.

 

So how would you "value" port vale?

 

If I bought a house for £200k and then Spend/Lost £2m trying to improve it and failing I wouldn't demand the £2m for it. It's only worth the £200k I'm afraid.

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Please synetics, they don't have the money to buy the club let alone run it.

 

And you know this because?? It is a company which employs well over 300 people, has expanded enormously since its inception, does business all over the world and makes a profit each year. Compare and contrast.

 

Would you buy a house and sell it for half its value?

 

The club is carrying so much debt at the moment that half its value is about 50p. As a business it is making losses hand over fist every year and is dependent on one man chucking his money down the drain. It is not an attractive proposition. What do you think is the current value of the club?

 

Norman is the only current viable option at the minute.

 

Then God help us all!

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So how would you "value" port vale?

 

If I bought a house for £200k and then Spend/Lost £2m trying to improve it and failing I wouldn't demand the £2m for it. It's only worth the £200k I'm afraid.

 

You would then be a fool losing 2 million

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Norman is the only current viable option at the minute.

 

How do you know? Norman tell you?

 

That my friend is a blanket statement with no substance or support. And therefore it just your opinion. Which you are entitled to. But it doesn't make it right.

 

The truth of the matter is we don't know who is out there that might be interested. You can't prove a negative... that's a thing.

 

What we can prove is that Norman is doing a bad job. He is failing. Attendances are down, the club is in a shambles and it's his decisions that got us here.

 

So I refuse to accept "you can't think of anyone" as proof that Norman is the answer.

 

If Norman puts a proper valuation on the club and puts it for sale then we would see who is available.

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Would the 1.1 million possibly be to the company that owns the club shop and stadium? I do believe these to be owned to a certain family with the name very similar if not identical to the current owners of Port Vale ?

 

Explain. The club shop is owned by Port Vale Football Club Limited so how can the football club owe money to itself??? The ground is, according to Norman, owned by a separate company and why would the football club owe money to that? I'm confused by your comments.

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And you know this because?? It is a company which employs well over 300 people, has expanded enormously since its inception, does business all over the world and makes a profit each year. Compare and contrast.

 

 

 

The club is carrying so much debt at the moment that half its value is about 50p. As a business it is making losses hand over fist every year and is dependent on one man chucking his money down the drain. It is not an attractive proposition. What do you think is the current value of the club?

 

 

 

Then God help us all!

 

Jean fact they don't have the working capital to buy the club, borrowing money to buy a football club? Have we not been here before let's borrow money to buy something that loses money ?

 

The current value is what the current owner puts it up for sale for!

 

Better start saying your prayers then jean

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Are you saying you would try and sell the house for £2m?

 

Do you know how things/businesses get valued?

 

I am saying you would be a fool to lose 2 million

 

I am fully aware to how business are valued!

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