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.”
9:30am Tuesday 1st December 2015
CHRIS Maguire says the prospect of working with Michael Appleton again meant Oxford United were the only Sky Bet League Two club he would have considered joining.
5:37pm Monday 30th November 2015
OXFORD United reduced the amount they spent on agents fees according to the latest figures from the Football League.
1:00pm Monday 30th November 2015
DANNY Hylton thought Oxford United’s ‘ugly’ win at Hartlepool United was another sign of their potential to not just win automatic promotion, but the Sky Bet League Two title.
11:21am Monday 30th November 2015
RONNIE Moore rued Oxford United's ability to capitalise on one lapse in concentration which saw his Hartlepool United side lose 1-0 at Victoria Park.
7:50am Monday 30th November 2015
CHRIS Maguire was pleased to see Oxford United show the quality he had heard about as the striker helped them to a win on debut.
6:50am Monday 30th November 2015
MICHAEL Appleton praised Oxford United for turning a negative performance into a 1-0 win at Hartlepool United.
3:42pm Sunday 29th November 2015
MICHAEL Appleton was delighted to see his Oxford United side come out on top against Trevor Carson after the goalkeeper thwarted them three times last season.
12:12pm Sunday 29th November 2015
WATCH the main moments as Oxford United went top of Sky Bet League Two thanks to a 1-0 win at Hartlepool United.
7:00pm Saturday 28th November 2015
DANNY Hylton came off the bench to net a winner which sent Oxford United top of Sky Bet League Two.