The strategic report tells us what we are and where we’re at. The balance sheet also has more value in it than it had ten years ago, and the club obviously still sees further possibilities with, say, the new stadium and the campus. Besides that, I suppose the main pull for any investor is the kudos of owning a club, a shot at some degree of glory along the way, and, with a bit of luck, a sense that they‘re not walking into a black hole and, later, might get some of their money back when they move on! I very much doubt any investor into a lower division club expects to walk away with a profit, unless they're buying a club that’s way beneath its natural level, so to speak, or has the potential to break into the Championship or EPL.
Championship is where the serious money starts to kick in. Potential big rewards, but big costs too. Frankly I don‘t think this club will ever be big enough to compete regularly at that level again (and I see, for example, that only one club in that division has an average crowd of less than 15,000 this season). Instead, I feel our ceiling - with investment - may be similar to that one club, which is Rotherham, namely a good L1 club that might occasionally knock on the door of the Championship but, if it gets there, doesn’t last long there. So that alone would put us in a certain bracket that won’t appeal to certain brackets of money men who may be looking to buy a football club right now.
So yes, I too would be astonished if MP was fighting off a queue of potential investors. Alarmed too, as any queue would likely include any number of charlatans! But he seemed quite optimistic when he last spoke that a suitable new investor could be on board within a year (after which, perhaps curiously, a long contract for Adkins soon followed). I’m not aware of anything with which to contradict him, so we‘ll see.