NEW Oxford United chairman Darryl Eales has a simple solution for any supporters sceptical of his intentions – just ask him.
The prospect of a private equity expert from Birmingham suddenly becoming interested in the club raised suspicion in some quarters.
But after acquiring a significant stake in the club, described as between 30 and 50 per cent, he was keen to make assurances and spoke frankly about what motivated the move.
Eales said he wants to be part of United’s long-term plan, which means putting money in, rather than taking it out.
“You read some blogs talking about ‘is he going to take money out of the club?’,” he said.
“I’m thinking ‘if I wanted to make sensible investments you wouldn’t choose football’.
“I would say to supporters, ‘come and speak to me’.
“If you want to know my views on something, come and ask me because I’m new to all this, but I think people who have worked for me will say what you see is what you get.
“I don’t have agendas, politics I really dislike and I’m completely open.”
He added: “I don’t regard football as a business, but it’s got to make sense economically.
“I’m not looking to make money out of this, but I’m not looking to lose money either.
“If we started earning a profit as a business – and clearly it’s loss-making at the moment – I’m very happy for 100 per cent of that to be reinvested in the club.
“You can be the judge of this, but I don’t think I’ve got a big ego, so I’m not doing this for a big ego trip.
“I’m doing this to test myself in a different arena – in the sport I love.”
Top of the 53-year-old’s ‘to do’ list is make funds available to help Michael Appleton, who has replaced Gary Waddock as head coach, strengthen the squad.
Discussions have already taken place with incoming chief executive Mark Ashton, but it will not be a spending spree.
He said: “I’ve said to Mark, within sensible bounds, tell me what you need from a playing perspective and I’ll flex it.
“That’s not millions – I might say ‘you’ve got an extra £250,000 to spend’.”
Patient progress is the aim of the game for the new chairman, who briefly considered getting involved with Birmingham City 18 months ago before deciding against investing in the club he supports.
Eales is confident United have what it takes to move up the football pyramid, but stopped short of setting a deadline.
He said: “Realistically, to me this should be a sustainable Championship club.
“That’s what we’ve talked about, but what I think is foolhardy is to say we’re going to do that within three or five years.
“That’s just your inspiration, and all our efforts will be on trying to achieve that.”
- Related stories
- It's all change at Oxford United as Eales, Ashton and Appleton come in and Waddock is sacked
- Disappointed rivals now backing United for the future
- Chief exec Ashton's priority is improving United's squad
Lenagan says the chairman role was tough but rewarding
Latest United news:
9:30am Friday 22nd May 2015
Ryan Taylor remains firmly on Oxford United’s radar despite the signing of Kemar Roofe, according to head coach Michael Appleton.
9:30am Wednesday 20th May 2015
RYAN Clarke admits he would listen if the right opportunity came up this summer after being told he would not be certain of being Oxford United’s No 1 goalkeeper next season.
9:00am Tuesday 19th May 2015
Ryan Clarke has been told he will not be guaranteed to be Oxford United’s No 1 goalkeeper next season as head coach Michael Appleton keeps his options open.
12:00pm Monday 18th May 2015
OXFORD United have announced their first pre-season fixtures, which include games against Eastleigh and Coventry City.
8:30am Friday 15th May 2015
Oxford United have sold more than 1,000 season tickets in just nine days.
6:00am Wednesday 13th May 2015
LIAM Sercombe cannot wait to get stuck into a new challenge after becoming Oxford United’s second signing in as many days.
9:30am Wednesday 13th May 2015
PATIENCE paid off for Oxford United as they made up for missing out on Liam Sercombe in January by signing him on a free transfer.
6:00am Tuesday 12th May 2015
Oxford United have made a statement about their intentions this summer by making Kemar Roofe the first signing of the close season.
8:00am Tuesday 12th May 2015
Oxford United had to move quickly or they would have risked missing out on Kemar Roofe’s signature, according to chief executive Mark Ashton.