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Messages - KevinWBAFC

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1
Albion Matchday Forum / Re: away win?
« on: October 08, 2011, 01:48:27 PM »

pretty sure it was the 1982 league cup quarter final, decided by a derek statham goal at the north stand end. the last win there in the league was towards the end of the 78-79 'nearly season' decided by john trewicks header at the holte end.

we are way overdue against these smug arrogant divs, hopefully its this season.


2
Albion Matchday Forum / Re: Pre Match Chat
« on: October 05, 2011, 05:21:22 PM »

its been sixteen years since the rabble last won at the shrine, hopefully we will see a win to extend the sequence.


3
Albion Matchday Forum / Re: Ticket Info & Requests
« on: October 05, 2011, 05:17:28 PM »

villa tickets now on general sale in the home ends.  you dont need a customer number or anything to purchase.

fill your boots, chaps.


4
West Bromwich Albion FC / Re: Peace makes new offer for shares.
« on: September 29, 2011, 08:20:28 PM »

theres not much that i disagree there with mate.

JP is a business man, i took the 'albion fan' tag out a long time ago. its not something that particularly bothers me, i view him the same as the coaching staff and players, he's here for career reasons and if the right opportunity presents itself he/they will move on. whether we like it or not, thats the name of the game in modern football, and the only people really here for the love of the club is us, the fans. look at hughesie, as soon as cov waved the wad he was gone. do you think odemwingie or mulumbu will want to stay around if the right opportunity presents itself to them? do you think hodgson will stay around if he is offered the england job, or another high profile job? 

that may well seem unpalatable to many, but its just the landscape of modern football these days and has been caused by the huge influx of money, via sky, into football. i've never had a sky subscription personally due to how i knew their influence would affect football, and i hope all those who criticise 'career' chairmen, players, managers and coaches arent feeding the frenzy caused by sky by subscribing to them, as that is where the root of the problem lies.

for JP to make the maxiumum return from his 'investment' the club will have to be healthy and successfull, so the ambitions of both entities are interlinked. hopefully when the time does come for JP to sell up then the next person in charge will be more of a peter coates than a carsen yeung, obviously that remains to be seen.

5
West Bromwich Albion FC / Re: Peace makes new offer for shares.
« on: September 29, 2011, 05:55:40 PM »
Fair play to him though,the money he saved on players in the window allows him to buy these shares.



this share purchase isnt being funded by the club, its being funded by JP and will not affect the transfer budget or club turnover.



6
West Bromwich Albion FC / Re: Peace makes new offer for shares.
« on: September 29, 2011, 03:06:04 PM »
We were losing 30k a week at the time and in danger of going out of business altogether so prudence was far more an issue.



that loss had already been turned around due to the kilbane/maresca sales during the near relegation season.

the following two seasons we had the £3M brought in by peace/kappa, the c£4M from the ehiogu clause and the £5M from hughes to play with.

that didnt stop us from protracted negotiations with gilchrist, hoult, moore, dichhio and others which threatened those deals taking place and saw us sign them weeks or sometimes months after we could have. it also didnt stop us from missing out on jason koumas during the 11 point choke campaign. how many more did we miss out on?

the dichio deal stalling intensified the rift between megson and thompson that pretty much led directly to thompson leaving in the summer. i'm sure you can remember both parties using the club programme and the local press to criticise each other during the promotion season?

dont get me wrong, PT did a good job overall for us and i appreciate it, but he had his faults.


7
West Bromwich Albion FC / Re: Peace makes new offer for shares.
« on: September 29, 2011, 02:39:24 PM »
When Peace took over we'd already been promoted to the Premier League.  He was in an incredibly lucky position because of the divide between Thompson and the, at the time unsackable Megson.  In those 6 years hes has had unprecidented resources that come with the Premier League money.

I believe, it can never be proved however, that under Thompson we would have far quicker progress than we have under Peace.



JP's influence and work at the club didnt start when he took the chair though did it?

heres an interesting quote from paul thompson himself, at the AGM that followed the play off season, regarding it.



Paul Thompson used the re-election of two of the Directors - Jeremy Peace and Clive Stapleton - to give a summary of the achievements made over the last twelve months; the purchase and construction of the Football Development Centre, the improvements in the team and the construction of the new East Stand - not just a replacement of the old Rainbow, as he put it, but the completion of the ground. Thompson's description of the ground as one of the best in the First Division, and one that was ready for the Premiership if we can get there, was met with generous approval from the floor - as was his description of one of the decisions that Peace and Stapleton had helped to make: the appointment of Gary Megson. The £3 million of investment brought in by Jeremy Peace had played a major part in the progress made over the last twelve months, as had the effort put in by all the Board members.


http://www.baggies.com/news/?id=332&pag=21


as for paul thompson, loath as i am to criticise him, many of the criticisms faced by JP, for example, endless negotiations, haggling over fees for incoming players and haggling over personal terms for incoming players, are as pertinent regarding PT as they are JP.

lets also not forget PT giving new deals to adamson, lyttle and butler against the managers wishes, the implementation of a bonus scheme that was unworkable, and his handling of his relationship with GM that caused the bitter civil war that ruined our pre season preperations for our first premiership season.


8
West Bromwich Albion FC / Re: Peace makes new offer for shares.
« on: September 29, 2011, 01:49:40 PM »
One other thing to bear in mind, and I stand to be corrected on this, is that I believe the Club ends up funding these share acquistions rather than Peace himself?



two periods of share aquisitions have been funded by the club. c£3M was spent during robsons great surrender season, and c£300K was spent in 2010.

the rest have been payed for with his own resources.

a quick recap...



in

When JP first came to the club as a director, he brought £3M worth of fresh share capital in a rights issue. A large proportion of this £3M was provided by Kappa/Hamilton Trustees, who he had worked with before on other investment projects. This was bought just after the Bolton play off season ended and was reported at the following years AGM. This money payed for the new training ground and several players.

http://www.baggies.com/news/?id=332&pag=21



When he took over the chair from Thompson, after the summer split with Megson, he payed £55 a share to buy PT out which amounted to another £1.5M in total. That was payed in April 2003.

http://www.baggies.com/news/?id=544&pag=13



Buying Thompson out triggered a mandatory shares offer, again at £55 a share, which cost JP another £1.3M in total. That was payed in May 2003.

http://www.baggies.com/news/?id=552&pag=12



December 2008 saw JP invest another £750K for the shares that had not been either amalgamated by the existing small shareholders or brought up by other shareholders. He underwrote the shares consolidation.

http://www.birminghammail.net/birmingham...-22512311/



out


During the great surrender season the club completed a shares buyback that saw Kappa/Hamilton Trustee's shares brought from them for £3M, which would have equated to their original investment plus a premium.

in 2010 he completed another shares issue when the clubs holding company was changed. the share valuation of the entire share capital available for purchase was £6M. at the time of the share offer he was listed as owning a 56% stake in the club, when the offer was completed he held 60%, which means he bought 4% of the available shares which had been  valued at £6M, 4% of £6M is c£300K.

http://www.expressandstar.com/sport/2010/07/06/jeremy-peace-bids-to-up-albion-stake/#ixzz1XFaa62xA

http://image.guardian.co.uk/sys-files/Guardian/documents/2011/05/18/sportscribddoc.pdf


balance


Thats a total of £6.55M raised by JP/Kappa for shares with £3.3M going back out to pay off Kappa/Hamilton Trustee's initial investment and amalgamate the consolidated shares in the new holding company, totalling £3.25M payed out by JP for shares.


9
West Bromwich Albion FC / Re: The Greedy Accountant is at it again
« on: September 29, 2011, 12:21:02 PM »
The fact that JP doesn't have 80 or 90% shareholding is stopping us selling the club in my opinion.

People wanted to know why investers were interested in the likes of Blackburn etc and not us well I think that is your answer, it is too messy.

However, I don't think people should just 'sell up' because they have too, if they feel it's worth more to them than the offer then fair play to them and good luck.

Personally I think this is the next step to selling the club.

If he leaves us an established Prem club with no debt and makes a few bob out of us then I think that is a very good deal for both the fans and JP. Surely that's a win win situation?



the 80% share ownership issue is crucial.

once you hit 80% it activaties a compulsary share buyout for the remaining share stock. obviously anyone wishing to invest significant capital in the club will want full control, rather than a controlling interest, in the club.

JP now holds 60%, he's after another 5% now, if he achieves that then i expect he will make an offer to geoff hale who holds just over 10% in the club, which will leave JP on a total of 75% if he succeeds. just 5% shy of the compulsary offer figure. he will then persue the final 5% he needs for the compulsary buyout and then market the club for sale.   

IMO.


10
Albion Matchday Forum / Re: If easily offended please look away
« on: September 19, 2011, 11:50:27 AM »
I suppose we should give them the benefit of the doubt, I just find it very hard to believe that they didn't realise until they got up to the stand.



honestly lloydy, i know the lads involved and there is no chance whatsoever that they would intentionally disrupt the minutes silence. no way. i would never defend someone knowingly breaking a minutes silence.

they may have been guilty of being half cut and stumbling inadvertantly into it, but there is no way that any of that crowd would do something like that on purpose. no way at all. theres no malice whatsoever in that bunch of lads.

give them the benefit of the doubt, they are all decent lads.

 

11
Albion Matchday Forum / Re: If easily offended please look away
« on: September 19, 2011, 11:32:04 AM »
I notice that the thread about disruption of the minutes silence has been locked.



i didnt make any comment on that thread so i would like to make a quick one here.

i know the lad who said that he came in late to the game with some other lads and it was them who broke the silence accidentally. i was supposed to be travelling down with them to the game but had to pull out at the last minute.

they're a great bunch a lads who love the albion and like a drink. the is NO way on earth that any of that crowd would have intentionally broken the minutes silence. theyre all decent, respecfull lads and i expect theyre all gutted that they accidentally caused any upset. none of them are troublemakers.

as for the miners song then anyone who took part in that needs banning from following the club, an utterly shamefull act by a few braindead divs.


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