Anyone else heard the rumours of a potential change in ownership of the club?

[MattyRangers]

Mittals haven't been interested for years.

[nasser95]

From a previous thread:



If we're a small local club, this isn't a rubbish season, this is just the way it will be, forever.

But don't you understand Jeems that it's about complaining no matter what.

[Kevin Mcleod]

Must be Fernandes cos Mittal has been leaving the club since 2012.

http://www.wearetherangersboys.com/forum/showthread.php?148023-Mittal

[nasser95]

Must be Fernandes cos Mittal has been leaving the club since 2012.

http://www.wearetherangersboys.com/f...?148023-Mittal

Hammersmith been on the rumour for 4 years now. Gotta respect the commitment I suppose XD

[Loneranger80]

not heard anything...

[stanistheman]

I think we can aim higher than that. Look at where Brighton are now and how small they were when stranded at the Withdean.

Or Bournemouth.

[Jimmy Floyd Rabbit]

When OOC peters out I'll expect this kind of news. Not before then.

[Bill]

When OOC peters out I'll expect this kind of news. Not before then.

all depends on result on 5th of May

[qprted]

personally i hope knowbody leaves as they are all stinking rich and they have given us hundreds of millions of pounds knowing its all lost money
its not our directors that have screwed up its the management team

[andythefish]

personally i hope knowbody leaves as they are all stinking rich and they have given us hundreds of millions of pounds knowing its all lost money
its not our directors that have screwed up its the management team

Totally agree with you there Ted!

[amusant]

None of the owners are exactly rolling in cash these days and might want to get rid of this annoyance from their balance sheet. The Mittals steel business is in crisis - lost £5B last year and his personal wealth has slipped from £27B in 2008 to a tiny (??) £7B this year. Tony's wealth has shrunk to $230M (£157M) from $750M in 2014 http://www.forbes.com/sites/anuraghunathan/2016/02/24/tony-fernandes-business-empire-takes-a-beating/#2d2282187b90.

If anyone came along and offered decent money, it seems very likely that they would sell up and concentrate on more pressing concerns - which might be good all round - despite Tony's heart being in the right place, his judgement has been nothing short of appalling.

[MYU]

None of the owners are exactly rolling in cash these days and might want to get rid of this annoyance from their balance sheet. The Mittals steel business is in crisis - lost £5B last year and his personal wealth has slipped from £27B in 2008 to a tiny (??) £7B this year. Tony's wealth has shrunk to $230M (£157M) from $750M in 2014 http://www.forbes.com/sites/anuraghunathan/2016/02/24/tony-fernandes-business-empire-takes-a-beating/#2d2282187b90.

If anyone came along and offered decent money, it seems very likely that they would sell up and concentrate on more pressing concerns - which might be good all round - despite Tony's heart being in the right place, his judgement has been nothing short of appalling.

That is correct but wealth goes up and down all the time.

[TBLOCKRANGER]

That is correct but wealth goes up and down all the time.

Agree but the concern though is the fear of the perfect storm scenario where the current owners have put the club into massive debt (accepted to themselves) plus their current wealth is dwindling. This happened at Pompey, good meaning owner invests hugely beyond clubs means (leads to some success). He then sells club to another well meaning owner at inflated price as club actually worth X but with debt of Y the new owner purchases for XY. New owner's business empire elsewhere gets hit by global crash...starts trying to make savings and Pompey needs to be sold...no proper business man wants it as its artificially inflated price, players on massive and long contracts, premiership times have gone...then sharks circle and look how it ended up.
I don't think we are in that scenario as our owners are still wealthy but it's a lesson we haven't learnt. I know some say the massive debt don't matter..it's not our debt it's the owners and how's it effect us as I still go whatever may and people are worrying for nothing but huge uncontrolled debt as in Portsmouth and Leeds case can have a devasting effect on club.
I know we have tried to control it but more by cutting our losses than generating income.
I just think it all depends on OOC if that doesn't pull off then I can't see the current owners being too interested in a small west London club which is leaking money and on the pitch going nowhere. If OOC pays off then game on, a gem of a stadium in a regenerated part of London with all the property income that comes with it.

[1973 ranger]

There whole plans has always depended on OOC as this is the only way they can get a return on their investment.

[Jimmy Floyd Rabbit]

There whole plans has always depended on OOC as this is the only way they can get a return on their investment.

Yep.

We can't get a poxy training ground over the line so I'm not holding my breath on a new stadium development.