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A New Invester


JAY

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The idea will be that the Supporters Trust would run the club. Investors would be welcomed, but they would invest into the Trust rather than the club. This would not mean that they could call the shots, as all decision would be made via a democratic basis i.e. elected representatives.

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on a more serious note, i heard a romour that the owner of ladbrokes in canvey wanted to put some money into the club and have a small bookies kiosk in the ground to place a bet, but kingy didnt want him there, it might be time to ask him again if he wants to do that, he could then maybe have a word with his head office into sponsoring us you never know. I would personally like us to stay in the conference and think if we did next year we would be close to a play off spot.

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He might have a lot of money, but I doubt he's put much in. There's an immediate assumption that on arrival, a new Chairman or owner of a club, such as Peter De Savary, somehow 'puts a load of money in'; that's the implication at least. I very much doubt that. What he's done, as I understand it, is bought shares and take up a place on the board.

 

This sort of myth was even peddled about my own club, Wimbledon. We played, IIRC, Barkingside in the London Senior Cup, and one of their fans was overheard saying "apparently the chairman's put a load of money in". Laugh? I nearly wet myself; the only relationship Kris Stewart had with money was that he had built up a lot of debt because he'd been working for free for ages and was living on the 'never never'. Most people know how Wimbledon are owned these days, yet some people still assume that to be involved in a club, one pours money in. Most clubs, if an 'investor' does come in, have traditionally loaned the club money, and often secured it against the club's assets. The ground for instance. The myth of the owner as a 'patrician' - pouring cash in for some sort of civic pride or other - is a myth; it died years ago, and there are only a handful that do that sort of thing anymore. I understand Jeff King to be one.

 

Back to Millwall, the reason the supporters might not like him or what he's done is because the club has been relegated. A large part of the reason is that they've had several managers this season; who's responsible for that? The Chairman and the rest of the board.

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