York City £2.5M richer!!

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Quaker85
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York City £2.5M richer!!

Post by Quaker85 » Mon Oct 05, 2020 11:23 am

Surely they can't mess it up this time!!

https://www.bbc.co.uk/sport/football/54417152

My mate supports York and he told me about this potential deal in the last winter window but it never materialised. £2.5M cash injection is a huge amount for a club playing in the 6th tier of English football.

H1987
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Re: York City £2.5M richer!!

Post by H1987 » Mon Oct 05, 2020 12:13 pm

If only we could produce a similar talent... That sort of money could fund our own stadium.

York will probably just waste it.

QUAKERMAN2
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Re: York City £2.5M richer!!

Post by QUAKERMAN2 » Mon Oct 05, 2020 12:18 pm

H1987 wrote:If only we could produce a similar talent... That sort of money could fund our own stadium.

York will probably just waste it.
A lot of pressure on Watson this season to get them up the way he has been signing players.

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Quaker85
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Re: York City £2.5M richer!!

Post by Quaker85 » Mon Oct 05, 2020 12:30 pm

QUAKERMAN2 wrote:
Mon Oct 05, 2020 12:18 pm
H1987 wrote:If only we could produce a similar talent... That sort of money could fund our own stadium.

York will probably just waste it.
A lot of pressure on Watson this season to get them up the way he has been signing players.

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He's already got a squad of 25 full time professionals so not sure how he's going to manage that lot and bring more players in at the same time.

poppyfield
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Re: York City £2.5M richer!!

Post by poppyfield » Mon Oct 05, 2020 12:37 pm

Well one things for sure they don't need a Government bailout
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jjljks
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Re: York City £2.5M richer!!

Post by jjljks » Mon Oct 05, 2020 2:18 pm

So 25 full timers on say £1k each per week, could be burned through in a couple of years or straight into pockets of Jason McGill.....

Old Git
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Re: York City £2.5M richer!!

Post by Old Git » Mon Oct 05, 2020 2:31 pm

poppyfield wrote:
Mon Oct 05, 2020 12:37 pm
Well one things for sure they don't need a Government bailout
Bet they take it though.
Could be the Chairman’s chance to get his cash back and get out.

Darlofan97
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Re: York City £2.5M richer!!

Post by Darlofan97 » Mon Oct 05, 2020 4:43 pm

I’d honestly be surprised if this massively changes much for York on the playing side. McGill is owed £8 million, he probably sees this as pay back for all the money which his company has put in to the club (and lost) over the years.

A little bit like when we received that windfall for Dan Burn, it just absorbed the losses.

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Quaker85
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Re: York City £2.5M richer!!

Post by Quaker85 » Mon Oct 05, 2020 4:59 pm

McGill might be owed £8m but he’s sitting on a load of land that BC sits on plus the 2.5m bonus so I reckon he’s doing ok.


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Darlofan97
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Re: York City £2.5M richer!!

Post by Darlofan97 » Mon Oct 05, 2020 5:05 pm

I didn’t say he wasn’t?

Even better for him that he can sell BC, with this windfall on top what a tidy profit.....

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theoriginalfatcat
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Re: York City £2.5M richer!!

Post by theoriginalfatcat » Mon Oct 05, 2020 5:31 pm

poppyfield wrote:
Mon Oct 05, 2020 12:37 pm
Well one things for sure they don't need a Government bailout
If this isn’t “tongue in cheek” (?) I will point out that the Gov bailout represents lost ticket sales and York will be losing more money than most.
Mr Singh said this " I'm not expecting to get back any of the money I've already put in, I'm prepared to write it off for the future of the club. I'm not hanging in to make any kind of financial gain in the short or long term - if someone was prepared to come in and take the club off my hands, I'd be more than willing to discuss it"

Tamworth matchday programme 26 Nov 2011

bigdavethemaddog
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Re: York City £2.5M richer!!

Post by bigdavethemaddog » Mon Oct 05, 2020 5:42 pm

out of interest was a sell on fee put in the Harvey Saunders deal?

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