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:
2:00pm Friday 6th March 2015
ARMAND Gnanduillet has high hopes of being a success at Oxford United – because he can understand the players’ accents.
1:57pm Friday 6th March 2015
Get ready for the big kick-off tomorrow with our 7 stories previewing Oxford United's trip to Bury
9:30am Friday 6th March 2015
Joe Skarz says Oxford United are under no illusions about the scale of the task which still lies ahead if they are to get out of the relegation battle in Sky Bet League Two.
9:10am Friday 6th March 2015
OXFORD United’s attacking resources are the deepest they have been all season, but taking chances remains head coach Michael Appleton’s biggest headache.
9:00am Friday 6th March 2015
OXFORD United goalkeeper Max Crocombe has received his first call-up to the senior New Zealand squad.
8:50am Friday 6th March 2015
JOE Riley admits Oxford United’s trip at Gigg Lane was one of the first fixtures he looked for after joining Bury in January.
8:30am Friday 6th March 2015
DETERIORATING pitches hold no fear for Michael Collins, who is enjoying scrapping in testing circumstances.
8:30am Friday 6th March 2015
JOSH Ruffels is happy to play an unspectacular role for Oxford United if it helps the side get positive results.