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.”
11:00pm Tuesday 24th November 2015
PATRICK Hoban expertly struck an equaliser as Oxford United came from behind to draw with Newport County at the Kassam Stadium.
10:52pm Tuesday 24th November 2015
12:41pm Tuesday 24th November 2015
OXFORD United have sent Cameron Gayle out on loan to Cambridge United after extending the defender's stay at the club by two months.
9:30am Tuesday 24th November 2015
GEORGE Baldock says Oxford United are driven to keep the pressure on and extend their superb run for the visit of Newport County tonight (7.45).
9:00am Tuesday 24th November 2015
MICHAEL Appleton predicts Oxford United’s players will see less of the ball this evening – but it could work to their advantage.
5:48pm Monday 23rd November 2015
MICHAEL Appleton is not expecting to be able to bring Jordan Graham back on loan this week after the winger made his debut for Wolverhampton Wanderers on Saturday.
3:30pm Monday 23rd November 2015
KEMAR Roofe made it clear his sole aim for the season was to win promotion with Oxford United after he put a Premier League link to one side in style.
5:32pm Monday 23rd November 2015
FORMER Oxford United chairman Kelvin Thomas has reached an agreement to buy fellow Sky Bet League Two club Northampton Town.
8:30am Monday 23rd November 2015
MICHAEL Appleton thought the qualities shown by Oxford United in beating Dagenham & Redbridge 1-0 made it an even better result than their previous away game in Sky Bet League Two.