Rumour: Hoffman and Elliot takeover negotiations (6 Viewers)

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mrtrench

mrtrench

Well-Known Member
shmmeee said:
This is just patently false: mainly macro: Why are the Conservatives so incompetent at running the economy?

If you want a Labour mistake it was putting the economy ahead of concerns about immigration, just like Cameron did.
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It is substantially false, I agree. However it's quite clever in the way that it includes disingenuous conclusions and narrative with some parts that are actually true. I cannot argue with this paragraph, for example:

"The 1990 recession was more home grown. It was partly a result of excessive inflation caused by bad fiscal and monetary policy under Conservative chancellor Nigel Lawson, but it was made worse by fixing Sterling to the DM at an overvalued exchange rate. "

Written by one of the more intelligent Momentumites... so not someone in the shadow cabinet then.
 
D

Deleted member 4439

Guest
mrtrench said:
It is substantially false, I agree. However it's quite clever in the way that it includes disingenuous conclusions and narrative with some parts that are actually true. I cannot argue with this paragraph, for example:

"The 1990 recession was more home grown. It was partly a result of excessive inflation caused by bad fiscal and monetary policy under Conservative chancellor Nigel Lawson, but it was made worse by fixing Sterling to the DM at an overvalued exchange rate. "

Written by one of the more intelligent Momentumites... so not someone in the shadow cabinet then.
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The seeds of the 1990 recession were set by Lawson, one of the worse chancellors in living memory. I was studying economics at the time of the EERM debacle, the outcome of which was wholly predictable. It marked the last vestiges of the disastrous neo-classic economics promulgated by the likes of Friedman that had hastened the decline of British industries in the early 80s.

Mind you, labour are also shite at running the economy.
 
Pete in Portugal

Pete in Portugal

Well-Known Member
martcov said:
Well, if it gets to a stage where a price has been agreed and Hoffmann needs money putting in so as not to have to drain money from the income streams, then I would pay £ 1000,00 for a non voting share - not as an investment, but purely for vanity. I can image a campaign to raise money in this way - by selling non voting shares to fans - could bring some funds in.

But we are not there yet.
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Why non voting shares martcov? Surely if you invested in a £1,000 share, it'd be reasonable to expect to get 1 vote? In order to elect directors etc at the AGM.
 
Colin Steins Smile

Colin Steins Smile

Well-Known Member
M

martcov

Well-Known Member
Pete in Portugal said:
Why non voting shares martcov? Surely if you invested in a £1,000 share, it'd be reasonable to expect to get 1 vote? In order to elect directors etc at the AGM.
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You are quite right. I just don't think that whoever takes us over would allow that. That would be a sort of fan ownership sponsored by someone else. Which would be great, but why would they buy a club and then let us have voting rights and maybe vote them off the board?
 
NorthernWisdom

NorthernWisdom

Well-Known Member
martcov said:
You are quite right. I just don't think that whoever takes us over would allow that. That would be a sort of fan ownership sponsored by someone else. Which would be great, but why would they buy a club and then let us have voting rights and maybe vote them off the board?
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Not sure that's quite right. If fans were expected to help buy the club by contributing, they should get the proportionate voting rights... which let's face it realisitcally would = no power, but would at least allow access.

Now if it were a complete takeover and fans weren't asked for cash, then of course no voting rights would be appropriate within the confines of that bid. Personally I'd like to see fans have access to *some* shares if at all possible. Maybe if not now, a commitment to offer a percentage later on down the line would be a nice gesture?
 
Colin Steins Smile

Colin Steins Smile

Well-Known Member
martcov said:
You are quite right. I just don't think that whoever takes us over would allow that. That would be a sort of fan ownership sponsored by someone else. Which would be great, but why would they buy a club and then let us have voting rights and maybe vote them off the board?
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The option of voting rights might be available to a fan consortium IF the takeover needs additional funds to secure the deal. This would mean the controlling interest being with the initial bidders and a fans continums influence on decisions being very limited, but there would be more transparency and engagement with the supporters.
 
Brylowes

Brylowes

Well-Known Member
clint van damme said:
there was definitely something in that shirt - a self publicising, perma tanned dickhead!!
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I was reading the paper at the same time so wasn't giving it my full attention, but I think
The gist of it was:
He doesn't agree with the Sunday times rich list 'unless he's on it.
And poor people shouldn't be allowed to smoke in their own house.
 
Pete in Portugal

Pete in Portugal

Well-Known Member
martcov said:
You are quite right. I just don't think that whoever takes us over would allow that. That would be a sort of fan ownership sponsored by someone else. Which would be great, but why would they buy a club and then let us have voting rights and maybe vote them off the board?
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Realistically, that would not happen because, if it was a takeover with fans 'topping up' the amount paid through a share issue, the owners would always ensure they held the majority of shares. But at least then there would be some fan involvement and democratic input. And the owners would have to be more transparent and open in their dealings with fans. In my view, the lack of these things with present and past owners has contributed to our demise.
 
Captain Dart

Captain Dart

Well-Known Member
Brylowes said:
Simon Jordan was just on "The Wright Stuff " he didn't mention us but he was
Wearing a blue shirt with a white collar. Hmm:emoji_thinking:
I for one think there's something in it !!!!!
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Orange and Sky blue don't mix, we've been through all this before with Orange Ken.
 
mrtrench

mrtrench

Well-Known Member
dubed said:
The seeds of the 1990 recession were set by Lawson, one of the worse chancellors in living memory. I was studying economics at the time of the EERM debacle, the outcome of which was wholly predictable. It marked the last vestiges of the disastrous neo-classic economics promulgated by the likes of Friedman that had hastened the decline of British industries in the early 80s.

Mind you, labour are also shite at running the economy.
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Agree about the 90s. And Brown absolutely culpable with Greenspan for the 2008 fiasco.
 
R

rupert_bear

Well-Known Member
I really wanted these savage Tories out but not so much now let them stay in and watch Brexit tear them apart and it will and in 5 years time they will be hounded out, Theresa May was and probably still is a remainder, going to be interesting times ahead especially with this new French President
 
Warwickhunt

Warwickhunt

Well-Known Member
rupert_bear said:
I really wanted these savage Tories out but not so much now let them stay in and watch Brexit tear them apart and it will and in 5 years time they will be hounded out, Theresa May was and probably still is a remainder, going to be interesting times ahead especially with this new French President
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I would like Corbyn be the one to negotiate brexit he deserves the honour as he kept quiet during the run up to the referendum
 
NortonSkyBlue

NortonSkyBlue

Well-Known Member
rupert_bear said:
I really wanted these savage Tories out but not so much now let them stay in and watch Brexit tear them apart and it will and in 5 years time they will be hounded out, Theresa May was and probably still is a remainder, going to be interesting times ahead especially with this new French President
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if labour is the answer then the question was who are the party most likely to fuck the country up?
Totally incompetent idiots, always have been thank fuck for the tories!!! And I am a traditional labour voter.
 
MAFF

MAFF

Well-Known Member
riyadhskyblue said:
if labour is the answer then the question was who are the party most likely to fuck the country up?
Totally incompetent idiots, always have been thank fuck for the tories!!! And I am a traditional labour voter.
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Remind me which party was governing during the 3 day week, 80s recession, Black Monday and Black Wednesday?

Labour wrecking the economy is a Tory myth that Miliband didn't shut down in 2015.
 
NortonSkyBlue

NortonSkyBlue

Well-Known Member
Labour never worked, oxymoron but so true. However on a Coventry City forum that is like saying I love Leicester(or Wasps or god forbid, Sisu) so I had better be careful.
 
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