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Mike Ashley rumours (1 Viewer)

  • Thread starter Didge76
  • Start date Jan 19, 2025
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Flying Fokker

Well-Known Member
  • Jan 19, 2025
  • #36
fernandopartridge said:
He was looking at Derby a few years ago so it isn't inconceivable that he wants to get involved again.
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Wasn’t it just the stadium?
 

SkyBlueDom26

Well-Known Member
  • Jan 19, 2025
  • #37
Deity said:
Y

You might want to ask a Newcastle fan what that was like ….

Team relegated under him ( and promoted ) no real investment in transfers, wouldn’t engage with the fans, banned local media.

They were protesting to get rid of him.
Click to expand...
Tbh I wouldn’t be against him banning the Coventry telegraph
 
Reactions: MalcSB, Colin Steins Smile and Sky Blue Goblin

Flying Fokker

Well-Known Member
  • Jan 19, 2025
  • #38
Saddlebrains said:
Sisu would have lapped up anything he offered. They 'sold' us to a skint (in football terms) cooking oil salesman
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We get it.
 
Reactions: itsabuzzard and Skyblueweeman
S

skyblu3sk

Well-Known Member
  • Jan 19, 2025
  • #39
Cov kid 55 said:
Yeh, but that’s the entitled Geordies for you. They weren’t winning the Champions League every season so Ashley was no good. In reality a lot of money was pumped into the club under Ashley, he made mistakes (Joe Kinnear) but there were/are a hell of a lot of worse owners out there.
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I think they were pissed off at the ground being renamed too... Something that has now become common place. I'd like to see him involved personally a lot more experience and clout than Doug. Not that I don't think he has been good for the club too!
 
Reactions: Cov kid 55

Terry_dactyl

Well-Known Member
  • Jan 19, 2025
  • #40
Grendel said:
Why would he lose the rental income?
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And would this be a big deal to him if he did?
 

Flying Fokker

Well-Known Member
  • Jan 19, 2025
  • #41
Grendel said:
Why would he lose the rental income?
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It’s ok to charge your own businesses rent isn’t it?
 
Reactions: Deity and Cov kid 55

AFCCOVENTRY

Well-Known Member
  • Jan 19, 2025
  • #42
Bit disrespectful to call Doug a cooking oil sales man. He’s more successful than your average Joe.


Before owning Coventry, King had other business interests that allowed him to purchase the Championship club.

The businessman is the CEO of Yelo Enterprises, which is a sustainable farming organisation, and is claimed to be at the forefront of the UK food and agricultural industry, as stated on their website.

King has recently invested £70 millionin the business, as they are constructing a state-of-the-art oilseed processing facility that uses renewable energy.

King also has another business, and that is RCMA Capital LLP, which he co-founded and majority owns.

King started his career with the food company Cargill and came through the ranks with the company. After 10 years, he left the company to become head of global petroleum trading for Crown Resources, as well as an energy marketing consultant. He then founded Aisling Analytics in 2004 along with his business partner.

The Coventry owner is said to be very wealthy, as he’s got his own businesses as well as Coventry football club. It is hard to put an official figure down, but according to some outlets, King is said to have a net worth of around $400 million.
 
Last edited: Jan 19, 2025
Reactions: Martw, M3rcian, nicksar and 7 others

fernandopartridge

Well-Known Member
  • Jan 19, 2025
  • #43
Flying Fokker said:
It’s ok to charge your own businesses rent isn’t it?
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Yes. Otherwise the company that's core business is operating the stadium loses a core income stream.
 

Frankly_Mr_Shankly

Well-Known Member
  • Jan 19, 2025
  • #44
Saddlebrains said:
It's been a rumour for 2.5 years now. It was bollocks then and it's bollocks now

What self respecting businessman who is worth billions would let a cooking oil salesman with no football knowledge have a go at running the club and then picking it up after him?

If he wanted us when he got the ground, he would have done without question
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Come on Dawkins, you need to let go of your bitterness towards DK
 
Reactions: rockwoodfleet, Incognitocov, SkyBlueCharlie9 and 5 others

Gynnsthetonic

Well-Known Member
  • Jan 19, 2025
  • #45
Dont most clubs that own their own stadium split them into separate businesse, I'm sure when we were at HR they were
 

alexccfc99

Well-Known Member
  • Jan 19, 2025
  • #46
Rodders1 said:
A mate sent me a link to the Festa forum yesterday. Some of the fans now want new ownership and want the Thai lot gone.

Obviously it's no longer the dad in charge, but it did make me reflect on how fickle us football fans can be to ownership.

That's not a dig at anti King posters here. But ultimately the dream owner is massively wealthy, not too involved in running the club, doesnt appear in public
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To be fair since Vichai died they've been run pretty bad (compared to what they were)

Partly understandable, my dad once owned a car garage and if he had gone before his time I'd have had no clue what to do with it

The lad should just hand it over to someone else cause off the pitch they have lost their way massively
 
D

Deity

Well-Known Member
  • Jan 19, 2025
  • #47
Dawkins is so far up Oversons arse he can see saddles ankles !
 
Reactions: Skybluekyle, rockwoodfleet, Skybluedownunder and 10 others

Gynnsthetonic

Well-Known Member
  • Jan 19, 2025
  • #48
alexccfc99 said:
To be fair since Vichai died they've been run pretty bad (compared to what they were)

Partly understandable, my dad once owned a car garage and if he had gone before his time I'd have had no clue what to do with it

The lad should just hand it over to someone else cause off the pitch they have lost their way massively
Click to expand...
No I think he should keep it
 
Reactions: MalcSB and SkyBlueCharlie9

fernandopartridge

Well-Known Member
  • Jan 19, 2025
  • #49
alexccfc99 said:
To be fair since Vichai died they've been run pretty bad (compared to what they were)

Partly understandable, my dad once owned a car garage and if he had gone before his time I'd have had no clue what to do with it

The lad should just hand it over to someone else cause off the pitch they have lost their way massively
Click to expand...
No, he's doing a fine job

They're complaining now but this is basically the consequence of them trying to live with the big boys, which they all wanted
 

alexccfc99

Well-Known Member
  • Jan 19, 2025
  • #50
Gynnsthetonic said:
No I think he should keep it
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I was trying to keep bias aside but through Sky Blue tinted glasses I agree with you
 
Reactions: Gynnsthetonic

AFCCOVENTRY

Well-Known Member
  • Jan 19, 2025
  • #51
As for Dawkins he ain’t got a penny to buy the club and he might know some people to introduce but he really isn’t in a world where he deals day to day with HNWI business and investment people.
 

Gynnsthetonic

Well-Known Member
  • Jan 19, 2025
  • #52
Deity said:
Dawkins is so far up Oversons arse he can see saddles ankles !
Click to expand...
 
Reactions: MalcSB, nicksar and covcity4life

MalcSB

Well-Known Member
  • Jan 19, 2025
  • #53
M3rcian said:
Seems inevitable he would be interested in the biggest asset affecting his investment in the CBS. Not sure how I feel about it though. Ultimately, didn't do the Toons any harm.
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I’m not sure they would entirely agree.
 
D

Deity

Well-Known Member
  • Jan 19, 2025
  • #54
alexccfc99 said:
To be fair since Vichai died they've been run pretty bad (compared to what they were)

Partly understandable, my dad once owned a car garage and if he had gone before his time I'd have had no clue what to do with it

The lad should just hand it over to someone else cause off the pitch they have lost their way massively
Click to expand...
The rot started when the father was still there. Immediately following the premier league win they started paying way over the odds salaries to players in a bid to become a Champions league team. At one point they had the 5th highest wage bill in the league. It was a totally unsustainable approach.

They are still doing it now …..
 
C

Cov kid 55

Well-Known Member
  • Jan 19, 2025
  • #55
Deity said:
Dawkins is so far up Oversons arse he can see saddles ankles !
Click to expand...
Brilliant!!
 
Reactions: MalcSB

alexccfc99

Well-Known Member
  • Jan 19, 2025
  • #56
fernandopartridge said:
No, he's doing a fine job

They're complaining now but this is basically the consequence of them trying to live with the big boys, which they all wanted
Click to expand...
After his dad died they chased the Champions League, accrued a vastly overpaid and overrated squad in doing so who absolutely flopped finishing in the Top 4 on the final day two seasons running and now they are paying the price for it

Also worth noting that King Power make their money through Duty Free in Airports and over that time as well travel was severely limited due to COVID
 
Reactions: Deity

Sick Boy

Super Moderator
  • Jan 19, 2025
  • #57
Saddlebrains said:
Sisu would have lapped up anything he offered. They 'sold' us to a skint (in football terms) cooking oil salesman
Click to expand...
Doesn't he also own a hedge fund?
 
Reactions: AFCCOVENTRY

Gynnsthetonic

Well-Known Member
  • Jan 19, 2025
  • #58
Their training ground although impressive must be costing a bomb to maintain
 
Reactions: Deity

alexccfc99

Well-Known Member
  • Jan 19, 2025
  • #59
Deity said:
The rot started when the father was still there. Immediately following the premier league win they started paying way over the odds salaries to players in a bid to become a Champions league team. At one point they had the 5th highest wage bill in the league. It was a totally unsustainable approach.

They are still doing it now …..
Click to expand...
In that time though they flogged Kante to Chelsea and Maguire to United so their lavish spending kind of paid for itself for a period

That money ran out and they continued to hemorrhage money on shit
 

fernandopartridge

Well-Known Member
  • Jan 19, 2025
  • #60
alexccfc99 said:
In that time though they flogged Kante to Chelsea and Maguire to United so their lavish spending kind of paid for itself for a period

That money ran out and they continued to hemorrhage money on shit
Click to expand...
Their wage bill by 2021 was £192m a year
 

Gynnsthetonic

Well-Known Member
  • Jan 19, 2025
  • #61
fernandopartridge said:
Their wage bill by 2021 was £192m a year
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Isn't Vardy on colossal salary even now, just read 140k a week
 
C

CV22SBA

Well-Known Member
  • Jan 19, 2025
  • #62
Saddlebrains said:
It's been a rumour for 2.5 years now. It was bollocks then and it's bollocks now

What self respecting businessman who is worth billions would let a cooking oil salesman with no football knowledge have a go at running the club and then picking it up after him?

If he wanted us when he got the ground, he would have done without question
Click to expand...
 
D

Deity

Well-Known Member
  • Jan 19, 2025
  • #63
fernandopartridge said:
Their wage bill by 2021 was £192m a year
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They signed Conor Coady in the summer of 2023 as they entered the championship.

They gave him his best ever football contract even though he was stepping down a division and arguably his best years were behind him.

4 yr deal on £75k a week …. He couldn’t believe his luck.
 

covcity4life

Well-Known Member
  • Jan 19, 2025
  • #64
Evo1883 said:
Think we'd all take being a yo yo club wouldn't we and a few low end prem finishes
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We would but then again I remember people saying they be happy with mid table championship team when we were lower league and now they moan that we are not in playoffs etc lol
 
Reactions: Rodders1 and M3rcian

Captain Dart

Well-Known Member
  • Jan 19, 2025
  • #65
Sick Boy said:
Doesn't he also own a hedge fund?
Click to expand...
It's a multi faceted portfolio, Finance, Agri Chemicals/Livestock feeds/Agri fuel oils, cosmetics and personal grooming, he even owns some sort of stud farm in Solihull.

Basically I am getting strong Dr Evil vibes.
 
Reactions: duffer, blunted and nicksar
O

OldBedrocker

Well-Known Member
  • Jan 19, 2025
  • #66
Cally Fedora said:
One of Ashley’s income streams is rental from the football club. He’d lose that straight away and pick up a loss making business in the process. Don’t see him doing that.
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I did a stadium tour and they said they make nothing from the club. All the income is from concerts and events in the arena
 
Reactions: Colin Steins Smile

shmmeee

Well-Known Member
  • Jan 19, 2025
  • #67
Saddlebrains said:
They would have agreed to a bag of Haribo and a reach around mate, they were done financially
Click to expand...

Ive got a bag of Haribo if you want to join my consortium.
 
Reactions: Saddlebrains
D

Deity

Well-Known Member
  • Jan 19, 2025
  • #68
OldBedrocker said:
I did a stadium tour and they said they make nothing from the club. All the income is from concerts and events in the arena
Click to expand...
They may not make a profit but it will make a contribution to fixed costs I’m sure.
 

Saddlebrains

Well-Known Member
  • Jan 19, 2025
  • #69
shmmeee said:
Ive got a bag of Haribo if you want to join my consortium.
Click to expand...


What about the reach around?
 
Reactions: MalcSB
C

Cally Fedora

Well-Known Member
  • Jan 19, 2025
  • #70
Grendel said:
Why would he lose the rental income?
Click to expand...
It would essentially become wooden dollars.
 
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