Myfootballclub - Page 2

Jesus_was_A_red_ · 14-05-2007, 14:37

why would someone who has hardly any money to put into a football club turn down the chance of lucrative investment. Biting your nose off to spite your face.

maccawozzagod · 14-05-2007, 14:57

so if I come to your house and see that it needs 20 grand spending on it to bring it up to scratch, but you haven't got the money and I have ... should you sell it to me?

Jesus_was_A_red_ · 14-05-2007, 14:59

if you offer twice the value ill bite your hand off

ossyclogger · 14-05-2007, 15:39

No use trying to make him see sense Rob.

Jesus_was_A_red_ · 19-05-2007, 15:27

STILL 3rd and over 22,000 registrations.

MikeA · 20-05-2007, 10:25

Quote:

Originally Posted by Jesus_was_A_red_

STILL 3rd and over 22,000 registrations.

21,999 if you exclude [email protected].

Rowan · 04-09-2007, 00:40

I think some of you are working under some gross misunderstandings of what MyFootballClub is and what it's designed to be.

First, I am a paid-up member of MyFC, and not in any way a member of the site's management. Why was I willing to spend my 35? MyFootballClub Society Ltd is registered with the Financial Services Authority. An awfully public way to go for a scam, not to mention costly to set up. And given all the publicity MyFC is getting? It's not a scam. In addition, one of the country's top legal firms is head of the negotiating team. Four clubs, possibly five after today, have already contacted MyFC to enter into negotiations. Do you seriously think that would be the case if they had any doubts as to the legality of the enterprise?

Whether the mechanism within MyFC for picking the weekly XI and setting tactics will work or not remains to be seen. But the whole idea is based on James Surowiecki's book THE WISDOM OF THE CROWDS, which demonstrates again and again that large groups of people can come together and make decisions that are as good or better than those made by "experts."

As for the nay-sayers who think MyFC members are hoping for a quick profit, once again, that's not how the society works. MyFC is a not-for-profit society. If the members ever decide to sell (and without a profit motive to do so, why would they?), all profits go to a similar enterprise or to charity. The individual members can in no way profit from this enterprise.

Hard as it may be for some people to believe, MyFC is what it claims to be...a group of football fans coming together to return at least one club into the hands of fans rather than rich businessmen. Whether that club turns out to be Stanley or some other club, we won't know for a while. But I personally hope it's a club like Stanley -- proud tradition, little to no debt -- but a club that needs both cash and new supporters if it's ever to grow, or even remain in the league. With MyFC behind it, whichever club we buy will have an immediate and substantial cash infusion and fan increase. And what is best is that we hope the current loyal supporters of that club join us and give us their experience and insight into the team's history and potential.

Feel free to scoff if you will, but remember how loudly you scoffed when we do buy a club and it starts to flourish.

Feel free to email me if you have serious questions. I'm happy to respond. If you just want to send me attacks, I have a thick skin. Either way, I hope you'll take a few minutes to understand what MyFC really is, rather than simply dismissing it out of hand without bothering to understand it first.

poppy · 04-09-2007, 02:08

Quote:

Originally Posted by Rowan

First, I am a paid-up member of MyFC,.

Idiot!

=

MichiganRed · 04-09-2007, 02:09

Quote:

Originally Posted by Rowan

As for the nay-sayers who think MyFC members are hoping for a quick profit, once again, that's not how the society works. MyFC is a not-for-profit society. If the members ever decide to sell (and without a profit motive to do so, why would they?), all profits go to a similar enterprise or to charity. The individual members can in no way profit from this enterprise.

What is the point of making an investment when you know going into it there is no chance of profit? Making a donation to a beloved institution is one thing but giving money away to a party "to be named later" while assuming responsiblity for further obligation is nothing short of absurd and wasteful.

Rowan · 04-09-2007, 18:50

Quote:

Originally Posted by poppy

Idiot!

=

That's the kind of reasonable response I was hoping for. Thanks for the penetrating insight.

Rowan · 04-09-2007, 18:52

Quote:

Originally Posted by MichiganRed

What is the point of making an investment when you know going into it there is no chance of profit? Making a donation to a beloved institution is one thing but giving money away to a party "to be named later" while assuming responsiblity for further obligation is nothing short of absurd and wasteful.

It's not a financial investment, per se. It's essentially a membership fee each year that helps support the club's expansion. The whole point behind MyFC is not to make a profit for the owners, but to help a club reach its potential. And no one is locked in. If after a year, you think it's a waste of time and money, you walk away. Many of the members, however, signed up for one year, then after spending some time on the boards, have already extended their memberships for a second or third year.

And no one is assuming any future obligation. The trust is a limited liability society. The individual members are only liable to "lose" the 35 pounds they've invested.

Jesus_was_A_red_ · 05-09-2007, 14:34

Halifax Town HAVE contacted myfootballclub on the possibility of a takeover.

Bagpuss · 05-09-2007, 14:49

Quote:

Originally Posted by Rowan

That's the kind of reasonable response I was hoping for. Thanks for the penetrating insight.

Don't worry that's the usual sort of drivel she posts.

maccawozzagod · 05-09-2007, 16:49

on the face of it I can see the pluspoints behind the scheme, and also think that a club like Stanley WOULD flourish under it, however having 50,000 owners sounds like a logistical nightmare.

But can you imagine the potential of all those people wanting to buy a bit of merchandise? or at least a programme sent by mail order every game?

Or trying to get a ticket for the next match? would they become more important than season ticket holders if it came to a big cup game? Wembley play-offs final and we get 30000 tickets, then all of a sudden 50000 'owners' clamour for a ticket whilst 1500 die hards can't get anywhere near.

I suspect it would be fun for a while watching the club get a massive influx of new money, but what happens a year down the line? what happens if we start to pay massive wages that we can't afford if buy-the-club moves on?

And would the Sportsbar have to be renamed the buy-a-club, Buy-the-House Lounge?

If this move comes anywhere near us I think the OSC should be increasing members ten-fold in order to fight it.

Jesus_was_A_red_ · 05-09-2007, 17:06

i see the points macca that you haved made and they are valid. Only the 1500 die hard fans id say more like 800 recently.