SISU ready to sell? (1 Viewer)

Briles

Well-Known Member
My source says there is a consortium of Nigerian businessmen interested. Joy just needs to send them a cheque for £100,000 to verify SISU's bank details - then they will transfer £130 million into it as a downpayment. 😉

You joke but I guarantee there is a Nigerian businessman somewhere just sat in a swimming pool of gold like scrooge mcduck saying "I can't even give it away ffs"
 

steve cooper

Well-Known Member
My source says there is a consortium of Nigerian businessmen interested. Joy just needs to send them a cheque for £100,000 to verify SISU's bank details - then they will transfer £130 million into it as a downpayment. 😉
Wow, sounds great. Exciting times.
 

The CableGuy

Well-Known Member
For pounds for points, we must be one of the best teams in the league. We had one of the smallest budgets in the Championship after promotion and finished a very respectable 16th place. That was followed by 12th place after spending around half the season in the play-off places.

The manager, players and fan-base are all there, almost so with the players. A bit of investment last January and we could've been where Forest are now. There are much worse clubs to buy for potential investors compared to us.
 

Briles

Well-Known Member
Nobody in their right mind is buying a championship or even lower prem football club to make money. Much easier ways of making money out of £60m or whatever it would take to buy.

"In their right mind" isn't a benchmark the EFL tend to use when doing due dilligence
 

clint van damme

Well-Known Member
Why, out of curiosity?

I don't agree with Briles assessment of his time at Newcastle, I think he was a poor owner and also ended up in court with rangers over merchandising deals.

He's out purely for what he can make, which is fair enough, but he doesn't care one jot about the clubs he's been involved with and I don't want him here.
 

slowpoke

Well-Known Member
But has put them into the hands of possibly the richest people in football, what that achieves might be a different story time will tell.Of course he has made money out of it that’s his business making money. I’m not saying I want Ashley or not open minded about it but he has run clubs before so knows what it takes to do so.
 

Briles

Well-Known Member
I don't agree with Briles assessment of his time at Newcastle, I think he was a poor owner and also ended up in court with rangers over merchandising deals.

He's out purely for what he can make, which is fair enough, but he doesn't care one jot about the clubs he's been involved with and I don't want him here.

Tbf he can only make money from a club from it being successful. In Newcastles case he signed a shite manager granted, but he bankrolled him enough. Billonaires don't buy from Billionaires (Chelsea excluded). Billionaires buy from multi millionaires when they see an opportunity. Cov would look like curry to a pissehead for someone like him and it would be a symbiotic relationship. Unlike the one we have now.
 

Perryccfc

Well-Known Member
You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.

This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?
 

Torquay Sky Blue

Well-Known Member
Tbf he can only make money from a club from it being successful. In Newcastles case he signed a shite manager granted, but he bankrolled him enough. Billonaires don't buy from Billionaires (Chelsea excluded). Billionaires buy from multi millionaires when they see an opportunity. Cov would look like curry to a pissehead for someone like him and it would be a symbiotic relationship. Unlike the one we have now.
A curry to pisshead. A symbiotic relationship. Very good 👍
 

Grendel

Well-Known Member
This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?

He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really
 

Jamesimus

Well-Known Member
This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?

The position he left them in?!

He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really

Also, this /\
 

SBAndy

Well-Known Member
He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really

Talk me through your workings on him never investing anything. From what I can see, his ‘director’s loan’ peaked at £144m interest-free. Took them from a negative net worth of >£50m to profit-making with a reasonable net worth. I don’t really dispute the fact his business practices leave a lot to be desired but considering some of the rogues out there I don’t think he’s half bad as a prospective owner.
 

ccfcchris

Well-Known Member
For pounds for points, we must be one of the best teams in the league. We had one of the smallest budgets in the Championship after promotion and finished a very respectable 16th place. That was followed by 12th place after spending around half the season in the play-off places.

The manager, players and fan-base are all there, almost so with the players. A bit of investment last January and we could've been where Forest are now. There are much worse clubs to buy for potential investors compared to us.
Whilst I agree, you need a long conversation with grendel so he can give you a massive kick in the bollocks to remind you we're fucked no matter what we try to do
 

Colin Steins Smile

Well-Known Member
Ref. Mike Ashley. Given that he's made a significant profit from the sale of Newcastle. He has the rest of the financial year to decide if he's "cashing out" on that profit and paying the tax OR reinvesting the money into another club and thus "kicking the can down the road" in tax terms.
* This assumes that my rudimentary knowledge of company tax law is correct? I stand to be corrected.
 

RegTheDonk

Well-Known Member
While this is fantastic news if it plays out the way we all hope a little part of me worries is this PR to keep the bad publicity on Wasps.
Perhaps this brings to the fore that WASPS can hardly get a gov bail out if there are interested parties who would step in for the stadium lease. CCCC can hardly say without the grant nobody will take on the stadium.
 

Evo1883

Well-Known Member
How much income did he get from Sky I don’t see relevance there in truth
when you consider newcastle had a wage bill of over 110 million in the championship , and they receive around 100 million from sky in the Premier league each year .. the very fact you mentioned sky is actually pretty irrelevant to the discussion

Wouldn't you agree
 

Grendel

Well-Known Member
when you consider newcastle had a wage bill of over 110 million in the championship , and they receive around 100 million from sky in the Premier league each year .. the very fact you mentioned sky is actually pretty irrelevant to the discussion

Wouldn't you agree

Not really no Ashley like Sisu in its early years was purely interested in selling at a profit as he would here. He wants always To make money and has zero interest in the football club

The fact he made money in the end by selling to a blood soaked regime mired in corruption says it all
 

Evo1883

Well-Known Member
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How grendel argues
 

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