Fifty years ago there was a quiz show in which contestants had the choice of taking a sum of money or opening the box. The box might contain a bigger prize than the money being offered or it could be something trivial and worthless. The audience always used to shout ‘Open the box!’ stating a clear preference for risk takers.
Fifty years ago there was a quiz show in which contestants had the choice of taking a sum of money or opening the box. The box might contain a bigger prize than the money being offered or it could be something trivial and worthless. The audience always used to shout ‘Open the box!’ stating a clear preference for risk takers.
Shareholders at Preston North End have been urged to take the money even if it is only 5p a share offered by Trevor Hemmings, former owner of Blackpool Tower. Hemmings already holds 51.4 per cent of the shares, but needs 75 per cent to have effective control and in particular to take the club off the Alternative Investment Market (AIM). Preston were one of the first clubs to join AIM when floating clubs was all the rage and now they are one of the last left. It did raise some useful capital for clubs at the time.
Hemmings doesn’t see himself as a long-term investor and hopes to sell on to such a person, at a profit, of course, which is entirely legitimate. What does Preston have to offer? The great history of the Invincibles, reflected in the presence of the excellent National Football Museum in one corner of the ground. A refurbished stadium, a project that has been well executed. Yet it is deadly rivals Blackpool who have made it to the Premiership.
Preston is not the most prosperous of towns, but for the right person, the club offers potential.