Steve Gibson “pumps in £1m a month to keep the club afloat”
- Thread starter InglebyUTB
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indeedido
Well-known member
I said I didn’t think he would cost the silly £20m plus that some were bandying around, unless a PL club came in. I said I thought we could get him for £15m maybe less as the deadline approached as Cov aren’t in great financial shape.
I consistently said I hoped we would go for him because IMHO he was the best we could realistically go for.
If you knew me in real life, then hubris is not a word you would associate me with.
But up to you fella.
indeedido
Well-known member
No worries.
I respect your right to have another passionate opinion.
atypical_boro
Well-known member
Whether or not Gibson tries “hard enough” to be a good chairman, or whatever it is we don’t all fully agree on, the fact is we are now in the unfamiliar (historically) territory of battling against relegation to the third tier, with no manager and no form. If we don’t succeed, we’re deeply in the brown stuff.
Plenty of us haven’t seen it much worse than this before and even those who have haven’t seen it many times. In the last 16 seasons I’d say maybe 2 or 3 have been enjoyable to a consensus extent, and this season is as bad as it gets in the second tier.
The club is on it’s jaxy. Owner, executives, coaches and a succession of managers and players have all played their role, it’s not just one person. Fans need to strap themselves in for the ride because I suspect the next 16 years may be a bit more eventful than the last.
Plenty of us haven’t seen it much worse than this before and even those who have haven’t seen it many times. In the last 16 seasons I’d say maybe 2 or 3 have been enjoyable to a consensus extent, and this season is as bad as it gets in the second tier.
The club is on it’s jaxy. Owner, executives, coaches and a succession of managers and players have all played their role, it’s not just one person. Fans need to strap themselves in for the ride because I suspect the next 16 years may be a bit more eventful than the last.
fassy
Well-known member
If you’re owner of a football club for as long as he has been, how can you point at “pumping in 1m a month to keep us afloat” as a positive?
In all those years how has his ownership and decisions led to this deficit? How can people only see one side of it???
If you’re putting money into your own company that’s haemorrhaging money - that’s your fault. Yet some on here only see him putting money in, completely ignoring the calamitous way it’s being ran - by the same bloke. Like every problem is nothing to do with him.
It’s all him.
He’s given us some great days in the 90s & 00s and should have a stand named after him. But he’s hanging onto something he doesn’t really want anymore and has cocked up the finances so much we’ll struggle to find a buyer.
In all those years how has his ownership and decisions led to this deficit? How can people only see one side of it???
If you’re putting money into your own company that’s haemorrhaging money - that’s your fault. Yet some on here only see him putting money in, completely ignoring the calamitous way it’s being ran - by the same bloke. Like every problem is nothing to do with him.
It’s all him.
He’s given us some great days in the 90s & 00s and should have a stand named after him. But he’s hanging onto something he doesn’t really want anymore and has cocked up the finances so much we’ll struggle to find a buyer.
HolgateCorner
Well-known member
You have picked a low point to make your point though haven’t you?
If you were posting last season just before the Huddersfield match you would have been shouted down on the basis that the play offs were beckoning.
In fairness to Gibson in recent years I think he has had a string of experienced managers who could have done much better at the business end of the season than they did. Pulis (twice), Warnock (once) and Wilder last season all had very good opportunities to finish the season better and each of them blew it at different stages.
Oh give over. A football club is not a regular business. Success for most clubs is just managing to survive. Steve Gibson is smart enough to run Bulkhaul profitably but he is never going to manage to make MFC profitable outside of the Prem League. If the club recruits players good enough to have a chance of promotion then it will lose money. Players are paid far too much that's why.
That's the same reason that the club will struggle to find a buyer. The only possible pay off for Championship club owners is promotion to the Prem. So any potential buyer is either a gambler or an altruist.
We've seen gamblers at Bolton, Derby, Cardiff etc. There are a few altruists out there beside Steve Gibson but not many. If any of them want to buy MFC then Steve Gibson would restructure the club's finances any way they want. It's that simple.
If there are no buyers then it's because there aren't many rich Teesside benefactors, not because of the debt v equity split.
Nosmo-King
Well-known member
£120 million in debt, 3rd from bottom in the division, not very many saleable assets , International strikers can’t get a game, joint 3rd worst defensive record in the division.
Even if Gibbo could sell the fact is there is very little to encourage anyone to touch us.
And Bulkhaul? I think you’ll find O’Neil is largely deemed as the brains of the operation.
Even if Gibbo could sell the fact is there is very little to encourage anyone to touch us.
And Bulkhaul? I think you’ll find O’Neil is largely deemed as the brains of the operation.
viv_andersons_nana
Well-known member
Here’s one for you, you absolute dullard.
Why don’t you write down your concerns and express how and why “O’Neill is largely deemed as the brains of the operation” and send them to the chairman, or, better still, wait for him outside the Riverside before the next home game and say it to his face, and then report back with your findings?
The arrogance, ego and sense of entitlement of some people is just absolutely mental.
Nosmo-King
Well-known member
Check it out, Viv. Not an opinion I hold solelysomething that has been cited.
How’s Rockcliffe doing financially?
How’s Rockcliffe doing financially?
viv_andersons_nana
Well-known member
Ah so now you’re trying to distance yourself. You said it’s believed that O’Neill is the brains, I’m interested to know where that comes from. You said it last week as well. Can you back these statements up?
Rockliffe, no idea. Couldn’t care less TBH. I’m interested in the football team.
Quicksilvera
Well-known member
Desperate to discredit our chairman here you can’t even hide it.
Johngannonsunderpants
Well-known member
We should be proud we have a football club owned not only by someone from England, but a local man who is proud of where he comes from (I would be living in LA if I had his money). This isn't in anyway a 'little englander' attitude, but I hate football other than Middlesbrough.
Teams and football has sold it soul to the highest bidder. We have Americans trying to turn the game into and advertising frenzy, wanting all star games, restricted relegation. The 5 subs in the future will allow advertising breaks in the future I'm sure (never mind baxter personnel).
We have a world Cup in Qatar, Russia, its all for sale and has become a joke, and many of you lap it up.
Teams like Barcelona can't even keep up and are mortgaging their future to keep up, and yet at the first sign of difficulty our fans are throwing their season tickets and threatening to abandon the club. Imagine if Steve did that? Can you imagine how let down he feels by successive managers touting their wares to others, spending 8million of his money on George Saville, Aiden Flint (I'm fuming when they don't take the extra pound off a pizza offer at Iceland).
I read a post on twitter saying our only good players are Steffan, Munitz and Giles, followed by Gibson should leave as he's not fundi g the club and has no ambition. How much do you think they cost? I spoke to a Blackburn fan who said they can't compete with us financially and that's why we got Lenihan as we could pay much more. Where do we think that comes from (I bet their owners have more money). Yet our fans question where the transfer fees have gone.
Teams like Derby, Birmingham etc etc cheat and its Gibbo who has to challenge this alone and press the EFL into action. He must be fu cking sick of it all.
I went to Millwall last week a d was disgusted by the fans telling the players to fu ck of and flicking the v's. So what if they were sh it, just boo and walk out.
For me me SG is one of the last honorable people left in football. I'd follow him to the moon and back (god knows that would be easier than watching a Strachan team), he (and some of you) are the reason I go to the games, not success, not money.
He is not a billionaire, he's not superman, he's not nostradamus or even Paul Daniels. HE'S ONE OF US.
Teams and football has sold it soul to the highest bidder. We have Americans trying to turn the game into and advertising frenzy, wanting all star games, restricted relegation. The 5 subs in the future will allow advertising breaks in the future I'm sure (never mind baxter personnel).
We have a world Cup in Qatar, Russia, its all for sale and has become a joke, and many of you lap it up.
Teams like Barcelona can't even keep up and are mortgaging their future to keep up, and yet at the first sign of difficulty our fans are throwing their season tickets and threatening to abandon the club. Imagine if Steve did that? Can you imagine how let down he feels by successive managers touting their wares to others, spending 8million of his money on George Saville, Aiden Flint (I'm fuming when they don't take the extra pound off a pizza offer at Iceland).
I read a post on twitter saying our only good players are Steffan, Munitz and Giles, followed by Gibson should leave as he's not fundi g the club and has no ambition. How much do you think they cost? I spoke to a Blackburn fan who said they can't compete with us financially and that's why we got Lenihan as we could pay much more. Where do we think that comes from (I bet their owners have more money). Yet our fans question where the transfer fees have gone.
Teams like Derby, Birmingham etc etc cheat and its Gibbo who has to challenge this alone and press the EFL into action. He must be fu cking sick of it all.
I went to Millwall last week a d was disgusted by the fans telling the players to fu ck of and flicking the v's. So what if they were sh it, just boo and walk out.
For me me SG is one of the last honorable people left in football. I'd follow him to the moon and back (god knows that would be easier than watching a Strachan team), he (and some of you) are the reason I go to the games, not success, not money.
He is not a billionaire, he's not superman, he's not nostradamus or even Paul Daniels. HE'S ONE OF US.
BobUpnDown
Well-known member
I think too many clubs run themselves, as we have been in the past, close to or to bust.. overspending massively on transfers & esp salaries ( all up front, & too few incentive clauses )
The state Rugby is in at the moment I can see happening to football also - the PL clubs, esp some of the chairmen - I'd guess - would be happy to see the pyramid collapse & as Freddy Shepherd predicted decades ago: only the very top leagues remain... I do think there are some good points, esp around governance of the game 'fit & proper cowboys' made in the article & the French seems to be looking to secure their game for the people & ensuring the owners can't ruin it chasing 'glory'
https://www.bbc.co.uk/sport/rugby-union/63276725
Football league has already had one close shave when the ITV TV deal collapsed causing financial turmoil that many clubs only just managed to survive - having upfront contracts based on TV money that was now gone..
it's not a bottomless pit, it's not Championship Manager & we've had our 1986 - not something I'd want again.
The state Rugby is in at the moment I can see happening to football also - the PL clubs, esp some of the chairmen - I'd guess - would be happy to see the pyramid collapse & as Freddy Shepherd predicted decades ago: only the very top leagues remain... I do think there are some good points, esp around governance of the game 'fit & proper cowboys' made in the article & the French seems to be looking to secure their game for the people & ensuring the owners can't ruin it chasing 'glory'
https://www.bbc.co.uk/sport/rugby-union/63276725
Football league has already had one close shave when the ITV TV deal collapsed causing financial turmoil that many clubs only just managed to survive - having upfront contracts based on TV money that was now gone..
it's not a bottomless pit, it's not Championship Manager & we've had our 1986 - not something I'd want again.
uncle_rico
Well-known member
Is it Gibson, or Gibson & O'Neil? I'm not sure Gibson has been writing cheques from his own bank account.
indeedido
Well-known member
The Group is Gibson O'Neill.
Steve Gibson has 75%, Mike O'Neill 25%.
The Group consists in the main of Bulkhaul, a very successful international haulier that employs a lot of people. Most people are aware that Mike O'Neill has run this business for a very long time.
Then there is Middlesbrough FC, another operating company within the Group that is an absolute financial basket case. Steve Gibson is in sole control of this.
And finally there is Rockliffe Hall, a Hotel company that has performed extremely poorly since it opened and has required considerable equity injection to keep it going.
The Football Club has lost money (Profit Before Tax) every season of Gibson's ownership since 93-94 season, bar the 2016-17 PL season.
Gibson has funded this with debt since the Banks would not lend to the club anymore post Financial Crisis. The debt is to Group. If the Group didn't loan this to Club, the club would not have been a viable business/Going Concern for many years. The Group effectively offsets the club's huge liability, but it is effectively a huge loan, not a gift. Bulkhaul is effectively dragging a holed vessel along the Tees. A vessel that is holed because the vessel's captain...well you know what I think already.
ThePrisoner
Well-known member
Unfamiliar territory? Would that it were.
NorthumberlandBoro
Well-known member
Thanks for the comprehensive answer!
MickaelDebevePhenomenal
Well-known member
Our fans moaning about Gibson always reminds me of when Bolton fans moaned about Sam Allardyce ONLY finishing in the Bottom half of the Prem or Charlton Fans whingeing about Alan Curbishley as they weren't pushing on in the prem. Those clubs would kill for that now!
Absolute nonsense to think we would be better off without Gibbo.
Absolute nonsense to think we would be better off without Gibbo.