midfielder
Well-Known Member
Unfortunately he needs a buyer before he can sell
Tony Sage just sold 80% of PG for 8 million... thats with a foundation club in a city of 2 million...
I have heard he wants a lot more than Sage sold for...
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Unfortunately he needs a buyer before he can sell
Sage is also the chairman of the group he sold to so I wouldn’t be surprised if he got some ownership of that as part of the deal but I haven’t read all the articles about it so might have missed if that was mentioned more.Tony Sage just sold 80% of PG for 8 million... thats with a foundation club in a city of 2 million...
I have heard he wants a lot more than Sage sold for...
https://lfe-token.com/The deal looks dodgy in the extreme. I will be very surprised if it goes through.
https://lfe-token.com/
The theory of it is interesting. But as with anything financial when there's only a single page website I'm very sceptical.
I warned about the Elly. No word of a lie a few back. Me and a few mates went in to see if they had it on and the response was “what? We don’t watch that shit around here”Horrifying reports about how CCM fans going to advertised venues are getting shafted ...both the CCLC and the Ele treated fans who went to watch the Adelaide game ( and spent a quid or 6 in the process) like absolute shite ....so I guess they just wanted free advertising by the mariners promotion team
Devastating. Will be avoiding those spots in the future, hopefully this catches the ear of othersHorrifying reports about how CCM fans going to advertised venues are getting shafted ...both the CCLC and the Ele treated fans who went to watch the Adelaide game ( and spent a quid or 6 in the process) like absolute shite ....so I guess they just wanted free advertising by the mariners promotion team
I warned about the Elly. No word of a lie a few back. Me and a few mates went in to see if they had it on and the response was “what? We don’t watch that shit around here”
Staff were laughing behind the bar so I went fair enough and took my money to Troy at sidelines. Never been back since to the Elly.
I did bring this up on the Elly fb page advertising they were an away day venue and was told they welcome all.Now owned by Singo. Looks like nothing has changed.
They probably figure we gamble enough with our mental stability supporting the mariners that we won’t gamble enough in their gambling dens, so we are no value to them....I did bring this up on the Elly fb page advertising they were an away day venue and was told they welcome all.
Clearly bullshit if something happened Friday evening
I have been dwelling on this for a while but am struggling to come up with something on my own, so wanted to raise the issue on here, as there are a number of members who are deep and clear thinkers.
The thing that is really eating away at me is just how do we get MC to properly fund the club? It’s clear that he is prepared to let CCM languish at the foot of the table year after year but that is killing the fabric of the club and the souls of us fans.
Since he took over, our trajectory has only been in one direction and his apparent business model has created a situation where CCM brings little value to the HAL, hurts even the most loyal fans that have been there since before the fall and must make bringing in sponsorship a really tough sell in the marketplace.
I really can’t believe that MC runs any other part of his business like CCM, as any true entrepreneur knows that to succeed they must invest appropriately. At the moment it feels like the club is being kept on life support whilst CCM dies a death by a thousand cuts. There clearly is no plan or vision to turn things around and all us fans keep getting sold are false dawns (like MC will invest more when the league becomes independent or stadium management rights will solve our problems). Does anyone genuinely believe any of this?
Given the club’s track record in recent years, I personally have doubts about its ability to successfully manage CCS, certainly not to the point where any income might meaningfully outweigh the outgo. Shaun might put a positive spin on this publicly but my gut is telling me that this is primarily about finding one of the few realistic ways that MC can reduce his contribution to CCM and possibly absolving him of having to tip in anything. Best case scenario, I believe that taking over CCS would need to generate a net profit in excess of $3M before it might have a meaningful impact on the club spend.
Take this season for example, apparently CCM is likely to lose between $1.5 - 2.0M and that’s with MC already contributing $1M. In order to just break even (assuming MC continues put in his contribution) management rights would need to earn CCM between $1.5 & $2M. The cynic in me feels that anything beyond that optimistic figure would simply be used to reduce MC’s contribution, thus reducing the cost of ownership to him. On that basis, management of the stadium will need to potentially generate in excess of $3M in clear profit before any funds might flow to the club for bolstering its spend and I am therefore highly sceptical that this will suddenly improve the fortunes of CCM.
The bottom line here is that MC owns a football club and that comes with clear responsibilities to the fans and community within which CCM is based. The current business model (if it can even be called such) results in losses being incurred every year, so is clearly flawed. As has been repeatedly demonstrated by others on this forum, the continued repetition of the existing plan can only lead to one outcome - failure. Therefore, how do we as fans make the case to MC to fund the club to at least the minimum required level and by that, I mean spending the full cap and ensuring that the football department and administration are funded to at least realistic levels?
I have been contemplating writing an open letter to the media to try to get the message across but perhaps others on here have better suggestions? The fact that MC seemingly hardly ever visits the Central Coast any more, says to me personally how detached he has become from the club. If he had to suffer the ridicule and public apathy that us fans have to endure, perhaps (just perhaps) he might feel ashamed enough to actually do something about it?
Well that has got it off my chest, so I look forward to hearing what others have to say....
Now owned by Singo. Looks like nothing has changed.
Horrifying reports about how CCM fans going to advertised venues are getting shafted ...both the CCLC and the Ele treated fans who went to watch the Adelaide game ( and spent a quid or 6 in the process) like absolute shite ....so I guess they just wanted free advertising by the mariners promotion team
I have some different thoughts for you to consider.I have been dwelling on this for a while but am struggling to come up with something on my own, so wanted to raise the issue on here, as there are a number of members who are deep and clear thinkers.
The thing that is really eating away at me is just how do we get MC to properly fund the club? It’s clear that he is prepared to let CCM languish at the foot of the table year after year but that is killing the fabric of the club and the souls of us fans.
Since he took over, our trajectory has only been in one direction and his apparent business model has created a situation where CCM brings little value to the HAL, hurts even the most loyal fans that have been there since before the fall and must make bringing in sponsorship a really tough sell in the marketplace.
I really can’t believe that MC runs any other part of his business like CCM, as any true entrepreneur knows that to succeed they must invest appropriately. At the moment it feels like the club is being kept on life support whilst CCM dies a death by a thousand cuts. There clearly is no plan or vision to turn things around and all us fans keep getting sold are false dawns (like MC will invest more when the league becomes independent or stadium management rights will solve our problems). Does anyone genuinely believe any of this?
Given the club’s track record in recent years, I personally have doubts about its ability to successfully manage CCS, certainly not to the point where any income might meaningfully outweigh the outgo. Shaun might put a positive spin on this publicly but my gut is telling me that this is primarily about finding one of the few realistic ways that MC can reduce his contribution to CCM and possibly absolving him of having to tip in anything. Best case scenario, I believe that taking over CCS would need to generate a net profit in excess of $3M before it might have a meaningful impact on the club spend.
Take this season for example, apparently CCM is likely to lose between $1.5 - 2.0M and that’s with MC already contributing $1M. In order to just break even (assuming MC continues put in his contribution) management rights would need to earn CCM between $1.5 & $2M. The cynic in me feels that anything beyond that optimistic figure would simply be used to reduce MC’s contribution, thus reducing the cost of ownership to him. On that basis, management of the stadium will need to potentially generate in excess of $3M in clear profit before any funds might flow to the club for bolstering its spend and I am therefore highly sceptical that this will suddenly improve the fortunes of CCM.
The bottom line here is that MC owns a football club and that comes with clear responsibilities to the fans and community within which CCM is based. The current business model (if it can even be called such) results in losses being incurred every year, so is clearly flawed. As has been repeatedly demonstrated by others on this forum, the continued repetition of the existing plan can only lead to one outcome - failure. Therefore, how do we as fans make the case to MC to fund the club to at least the minimum required level and by that, I mean spending the full cap and ensuring that the football department and administration are funded to at least realistic levels?
I have been contemplating writing an open letter to the media to try to get the message across but perhaps others on here have better suggestions? The fact that MC seemingly hardly ever visits the Central Coast any more, says to me personally how detached he has become from the club. If he had to suffer the ridicule and public apathy that us fans have to endure, perhaps (just perhaps) he might feel ashamed enough to actually do something about it?
Well that has got it off my chest, so I look forward to hearing what others have to say....