Flying Fokker
Well-Known Member
splitting transfer profits and also on any sale of ryton.
Gary Hoffman on the phone in.... (1 Viewer)
- Thread starter Alan Dugdales Moustache
- Start date
SkyBlueRuffian
Well-Known Member
Hoffman said that Seppala has been given all these details, so more bull-shit from the SISU camp
Skyblueweeman
Well-Known Member
When you reach our age pal, you'll be one of those psychos. I remember when I was 25...great days.
I'm quite jealous. Off to make a cup of tea before bed at 9pm.
sw88
Chief Commentator!
Which is possibly SISU's thinking also. Who knows!
No transfer money (50% of 0 = 0), and premiership within 7 years, it's all based on hope. Pretty sure even SISU would want more concrete conditions?
Might look a good deal to us on paper but realistically I can see why SISU have said no thanks.
It is nice that a cov fan is trying, just a shame it's the same fan who has tried before and failed every time.
Then again, if any fan was to have a chance of taking over, it'd be him!
oucho
Well-Known Member
I agree. As far as i know he might be a great bloke, mates of mine do vouch for him and tell me he has genuine reasons for whatever grievances he holds. However IMO he is not conducting himself well in all this. He comes across as bitter, vindictive and gleeful in his status as antogonist in chief against Sisu's victims.
SkyBlueRuffian
Well-Known Member
Hoffman speaking on the radio soon shut Les Reid up on twitter. He was posting all his so called exclusives about what the deal involved, but all he revealed was the snippets that SISU had given him.
Hoffman phoned in and revealed the whole offer because of the above, then Reid goes missing off twitter. The man has been shown up for what he is.
Oh and keeps blocking people who have outed him. Total nob jockey.
Hoffman phoned in and revealed the whole offer because of the above, then Reid goes missing off twitter. The man has been shown up for what he is.
Oh and keeps blocking people who have outed him. Total nob jockey.
eastwoodsdustman
Well-Known Member
Think you'll find they'll be undisclosed.
chiefdave
Well-Known Member
Would love to see this as a positive and a sign that a decent offer that could be accepted is likely but this doesn't seem to be it. I can't see SISU living on the promise of some money down the line if things go well. They know from the last 10 years how that plan can work out. Reckon they will want the majority, if not all, up front.
Also a bit worrying as it gives the impression Hoffman and his consortium don't have enough money themselves to cover a takeover. What happens when the club needs money to keep running day to day?
We're struggling to break even and put a decent team on the pitch as it is, giving away 50% of transfer income over the next 3 seasons and selling Ryton would put a serious strain on the finances. Did he cover how the club would function with the loss of transfer income and what we would do for a training ground?
chiefdave
Well-Known Member
Some good news at last. Who did he say were the other investors?
eastwoodsdustman
Well-Known Member
He didnt. Apparently the other investors dont know who each of them is. Hoffman has gone up in my estimation after listening to him tonight.
chiefdave
Well-Known Member
Is he starting up his own hedge fund :greedy:
stevefloyd
Well-Known Member
Thing is I believe that his 2nd offer is a little over 1 million pounds and Shitsu get that and more every year on interest so I think he has to come up with a more cunning plan to tempt the locusts
GaryPendrysEyes
Well-Known Member
Sisu have to accept the market price for a Div 4 club. They wont get a lot of money upfront because a Div 4 team isnt worth a lot of money!
They have to accept a modest upfront bid and a (generous) offer around others doing what they couldnt- progressing the club and building revenues.
They have to accept a modest upfront bid and a (generous) offer around others doing what they couldnt- progressing the club and building revenues.
stupot07
Well-Known Member
But that's the point, we're now 'breakeven' sisu don't have to accept anything.
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Hobo
Well-Known Member
I am always ready to applaud your next back flip.
chiefdave
Well-Known Member
Isn't the point that they don't have to accept anything they don't want to so any offer will need to be attractive to them?
Hobo
Well-Known Member
Yes seems a bit of an odd structure. I would expect a bit more up front and less add ons. It makes me worry about how much or little money they have. If it's the latter they are weakening potentially what are already weak revenue streams.
For me its not just what deal they have offered but how the envisage running the club. I accept that might have to be revealed after the deal is done.
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rupert_bear
Well-Known Member
Premier league was a pipe dream four or five tears ago for Brighton, Southampton and reigning champions Leicester too !
GaryPendrysEyes
Well-Known Member
I dont accept that is their real strategy, it's their fall back position if they cant sell.. They want to offload this business and PR disaster. They are haggling, fans need to back the bid and pressure Sisu into selling. (for instance by increased threats of Season ticket boycott).
Hobo
Well-Known Member
Surely you can't just look at the price, you have to look at the whole structure of any deal and the circumstances at the time. SISU have financially parked the club....so can demand more than £1.OO
stupot07
Well-Known Member
And all 3 spent extortionate amounts of money getting there. Has Hoffman and his local businessmen colleagues got £50-100m+ to spend on climbing the leagues?
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Correct. Seriously the chances of us returning to the Premier League in the next generation are, whilst not impossible, pretty slim. If SISU are (rightly) carrying the can for the last ten years, then surely any new owners carry that responsibility going forward, and any offer should not tie in SISU's interest in our future performance, it should be a clean break...?
ccfcway
Well-Known Member
Complete agree they have parked the club. Running it at break even means they can do what they want with it.
As income decreases and fan interest decreases, there has to become a point where the club becomes a waste of time to them.
I assume this will be after the result of JR2 ?
rupert_bear
Well-Known Member
It may seem sisu have "parked" the bus but time isn't on their side, there's the ground issue. It's the EFL agm in May and the question of where we play our home games will be asked and answers required. If the threat of expulsion in 12 months is threatened that could reduce the ccfc value at a stroke
mark82
Moderator
The problem is they don't have to do anything. If they don't want to sell then they won't sell.
Alan Dugdales Moustache
Well-Known Member
Is it possible SISU still really believe they have a slight chance of getting the Ricoh ? I can't think of any other reason to stay.
Sky Blue Pete
Well-Known Member
Bang on. If they paid a £1 it's worth nowhere near as much
Westendlad
Well-Known Member
Nah.......I reckon joy is a sunderland fan and wants revenge...
rupert_bear
Well-Known Member
But they got there and two of them have got into European competition. I don't expect Hoffman and his crew to bung that amount of dosh even if they had it but all I was doing was illustrating teams at their lowest ebb not that long ago have achieved the Premiership dream.
SkyBlueRuffian
Well-Known Member
Everyone has a price and I'm sure SISU's investors do too.
SkyBlueRuffian
Well-Known Member
Hoffman said he has told SEPPALA that he is willing to provide evidence of all funds and investors.
7 investors in total
Oh and he said they do not want to sell the training ground but had to include it in the offer because it is an asset.
chiefdave
Well-Known Member
That doesn't make any sense. Just pay them the value. Another indication that the consortium are short on funds.
