chrisjparry.bsky.social
Tired former tweeter. Boss at Equity.Guru and Nation Extreme Wrestling. Emotional support dad. Financial journalist and marketing goon. West Ham United/Altrincham FC.
https://go.bsky.app/UeteAxz
https://go.bsky.app/FhK1wiR
976 posts
1,180 followers
2,504 following
Regular Contributor
Active Commenter
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Paws for thought.
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Orange skin and neuropathy.
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"Angry baby groin after diaper left unchanged too long "
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That's the Kim Jung Un.
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And the Washington Generals miss another three.
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It's fair, because Elon is totally fucking wired 24/7.
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Let's not ignore sidekick duckling.
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-them
+Russia
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Both, but also that's the plan.
Just as he was with ignoring covid, he's doing what Russia wants, to inflict the moat damage possible.
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The cruelty is the point.
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Maybe a Cadillac SScalade?
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Heilundai.
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They do. It's cigarettes.
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If you go up, your valuation goes up about 6x. That's when you'll start hearing offers to sell.
And though it's a ton of fun to be involved deeply with a club (mostly), the exit is why you do it - because then you can do it all over again, at a higher level.
DM if you're interested in talking more.
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Finally, you're not going to earn a dividend as as club powner - UNLESS you get an exit. this is why growth is important.
Look to get four spots higher each season, not a division higher. Grow so promotion becomes an inevitablity eventually, and when you go up you stay up.
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I know you can become a 'part owner' for less money through crowdsourcing, but that's almost always done with a 'you're a fan so you wont ask questions' premium added to the valuation, and rarely comes with actual equity.
They're worthless for the buyer.
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7. Leave logos alone.
I know, they're usually old and clunky and crap, and a rebrand will make sense, but half the fans will hate that you want to change their birthright and kick off about heritage being ignored.
And if the club is 138 years old, they'll have a point.
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6. Take a moment to watch and not impose yourself on things before you get big ideas. You may have tons of new ideas but throwing them all out at once panics longtime supporters and staff.
Offer up the one you know will be best received and easiest to succeed with, and earn your trust slowly.
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5. If you do the deal, do it quietly. Announcing you've joined a party to the party comes across as a bit on the nose. Do something that helps, then announce the reason that helpful thing happened was there's a new part owner who made it happen.
Get your first win.
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4. Paper up the deal. Make sure everything that can go wrong is mentioned in the contract, that you do all the due diligence you can, nothing on a handshake, nothing on trust. It's not a sign of distriust to include lawyers, it's a sign you're real and there for the long haul.
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3. Negotiate your stake. They'll believe what they have is worth far more than it is, but it's only worth what they can get for it from you.
Do you want equity? A seat on the board? Something more?
If they're desperate for your cash, you might want to think twice. Personally, I like hearing no.
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2. Call them up. Tell them you have scratch to invest and ask what they'd do with it if you brought it to them.
Pay debt? Pass.
Buy a striker? Pass.
Build infrastructure to make the club better and grow over time? Tell me more...
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Here's how you do it.
1. Research. Find clubs that are breakeven or close to it, have 'good bones'. IE: young squads, low stadium rent, decent enough capacity to be able to grow, minimal or no debt.
90% of clubs won't pass this test. Almost no clubs are breakeven from the NL to the Championship.
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It isn't all fun - if results are bad you'll hear your name mentioned in comments by fans who have a short fuse, but if you're smart and the people around you are smart, and you focus on growth and not immediate results, you'll see the bodies of a LOT of competitors with fatter wallets float by.
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In both cases, that stake gets me on the board.
Which gets me into discussions on player movements, hiring, pricing, planning, what the kit will look like.
I don't have final say, but I'm in the conversation which, if you didn't know, is SO MUCH FUN.
And that's your profit - the fun of beng an owner
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They can buy their rare earths as soon as it's clear Putin doesn't own them.
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Fuct.
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Fascists always like to play dressup.
Hugo Boss camo incoming.
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They're budding because it's warm.
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You got it!
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cherry trees are budding outside my window
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We're having spring time in Vancouver.
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The current view of Bourbon Street on
@earthcam.bsky.social
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"Political system is broken" =/= I agree with Trump's policies.
But y'all fuckin' know that.
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Runs the most miles in the league. Kind of exactly what we need.
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Asked who put him up to it: "Ayatollah's in Iran, Russians in Afghanistan"
Fuckin' MAGA.
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The Pinkertons are now owned by Securitas, who threatened the makers of Red Dead with trademark abuse when they featured Pinkertons as bad guys in their game.
Amazon used them in 2020 to spy on warehouse workers.
Starbucks used them to union bust.
The more things change the more they stay the same.