Hi - I am also a member of MyFootballClub - don't want to go into a long post about MFC but felt the need to correct a couple of statements about MFC
Quote:
Originally Posted by maccawozzagod
.... and if Buy-the-club get bored and have the 70% majority that says sell up? who are the idiots left with inflated wage bills they may not be able to service?
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Can't happen - the rules of MFC prohibit the club from borrowing money - any club MFC would purchase has to be run on a break-even basis. Members of MFC are acutely aware that players cannot be signed up to large multi-year contracts because of the potential impact on a club if MFC suffered a fall in membership in year 2 or subsequent years.
Quote:
Originally Posted by maccawozzagod
The idea has a lot of merit but nobody will ever know if it works until it has worked, or failed. The benefits are huge - but the pitfalls are also as big.
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In fact for the club the pitfalls are not that big. The worst case scenario is that if MFC fails the club will be sold - probably at a nominal fee to a local supporters trust. In the meantime a club like AS would have money invested in the ground, new players, a youth academy etc.