UK time is: 04:03:27
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

A Chill Wind - Thank God We Have Randy!

Michael Dilley from Vital Norwich sent me this over and I thought it would be a good one for Vital Villa.

The chap in this article Keith Harris - along with a fine fella, apart from the fact he supports the Pink and Blues of West Ham and someone I now call a mate, well I say mate, more care in the community really, David Bick were the ones who helped find us our superb owner Randy Lerner. They have been involved in many of the takeovers over the last five years and it seems we really do have the cream of the crop.

Those dreaming of a white knight riding in to save their football club have been delivered a stark message from Keith Harris last week.

The chairman of merchant bank Seymour Pierce was involved in Roman Abramovic's purchase of Chelsea, Randy Lerner's acquisition of Aston Villa, Bjorgolfur Gudmondsson's of West Ham and the deal which took Thaksin Shinawatra to Manchester City, and has more recently been tasked with finding a buyer for a number of clubs including Newcastle and Everton - as well as the Canaries - but believes the current financial climate is such that it is difficult 'even for billionaires' to invest in football clubs.

'We're in the toughest economic situation anybody has endured in our lifetime,' Harris is quoted as saying in the Guardian, 'And that means we are unlikely to see much activity on the football takeover scene.

'You can't force a club down somebody's throat, They have to really want to buy it. They may expect to make money out of a club ultimately but a football club is a trophy asset, for enjoyment. Confidence is dented everywhere and I do not see much activity on takeovers until we get some form of stability in people's minds.'


There can be no doubt that the confidence of potential buyers has been knocked, but Harris also urged clubs to take control on the amount they pay out on wages and transfer fees.

'We have been through a time when clubs have been overspending, with very ordinary players commanding huge transfer fees and wages,' he continued. 'The climate has changed and takeovers are not going to be the solution to the woes that they may have been two years ago. That is unequivocal.

'The clubs have been spending too much and the club owners were looking for richer people to buy the clubs and take on the losses,' Harris said. 'But we are in a different climate now, where the football clubs have to realise it is back to the fundamental basics of managing their costs.
The supply of richer people has proved to be finite.'


The message from Harris is clear; gone are the days when owners can expect to find wealthy individuals willing to bail them out - and the further the club is from London, the less attractive a proposition it becomes. The future may not be quite as bright as we all hoped.

With thanks to The Guru at www.norwich.vitalfootball.co.uk




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: The Guru and JP! Mail feedback, articles or suggestions

Date:Wednesday January 14 2009

Time: 11:42AM

Your Comments

So, Everton and Westaaaaam are F***ed. Its only the supposed top 4 plus Spuz, Citeh and our goodselves that have the funds or at least the mega bucks to compete. Liverpool could be in trouble if they don't win anything but their fan base should see them through. Arsenal have a massive turn over even with the debts but could be in bother if they miss out on the Champs league next year. We should count ourselves very lucky to have gotten in our owner when we did.
Villan444
I ve alsways said that Michael Dilley is a top bloke.
Stig
I love Randy :-)
B6_COMPANY
We were so fricking luck he came back after Doug****ed him off.... I remember saying I hope people dont look back at the Ellis years with rose tinted specs, thanks to Randy Lerner they wont.
col8
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Vital Villa Man Of Match v Southampton (Wednesday April 23 2014)

Sylla - Not As Dramatic As He Sounds (Wednesday April 23 2014)

Robinson Looking For More (Monday April 21 2014)

Dear Randy...A Fans Retort (Sunday April 20 2014)

Club Statement From Randy Lerner (Sunday April 20 2014)

Vlaar - We Still Need A Win (Saturday April 19 2014)

Lambert Hails Huge Southampton Point (Saturday April 19 2014)

U21 Manchester City Clash Set (Saturday April 19 2014)

Archived Articles

List All Vital Villa Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Pride of Lions 1085
2. The Fear 1001
3. ClivetheVillan 562
4. Villan57 293
5. Villan Of The North 269
6. Barney2004 260
7. sirdennis 226
8. BlackCountry Villa 225
9. kefkat 218
10. tarzan 201

League Results (view all)

League Table (view table)

Team P W D L GD Pts
12. West Ham 35 10 7 18 -10 37
13. Swansea 35 9 9 17 -4 36
14. Hull City 34 10 6 18 -9 36
15. Aston Villa 34 9 8 17 -14 35
16. WBA 34 6 15 13 -13 33
17. Norwich 35 8 8 19 -28 32
18. Cardiff 35 7 9 19 -34 30

Breaking League News

Will Swansea City Take Risk And Appoint Monk?
Swansea : 23/04/2014 21:48:00
Have Your Say In The Vital Swansea Message Forum
Swansea : 23/04/2014 21:35:00
Liverpool: Reds To Spend Big In Summer
Liverpool : 23/04/2014 19:40:00
FA To Get Their Pound of Flesh
Chelsea : 23/04/2014 19:07:00
Chelsea : 23/04/2014 16:40:00
Boss Urges Fans To Fill the Stadium of Light
Sunderland : 23/04/2014 15:27:00
Borini Picks Up Young Player Gong
Sunderland : 23/04/2014 15:02:00

Current Site Poll (view all polls)

Villa v Swansea (away) will:
Suggested By:  Mystic Mug
Win - safety at last 23%
Lose - we go again 52%
Draw 25%