Nick
Administrator
He wasn't bidding on the club as such though was he?
Rumour: Hoffman and Elliot takeover negotiations (2 Viewers)
- Thread starter Evo1883
- Start date
He wasn't bidding on the club as such though was he?
Sky Blue Kid
Well-Known Member
SISU know they only have to say "Let's talk" and we'll have another 2-4 years at the Ricoh. I don't think there will be any "No Ground" next year. SISU have to keep us playing with the "Golden Share" at stake, and whatever it is they are doing behind the scenes they seem to need our football club ticking over. Everyone has their own thoughts of what is going on, I know I do!
Samo
Well-Known Member
Theoretically yes, but the fact is that Wasps could say no thanks at any moment and leave the club in limbo. That is hardly a great selling point is it? It would be a bit like saying to a potential house purchaser that the rumored sewage plant that was going to be built next door will never happen but you have nothing in writing to prove that it won't :wideyed:
The legal claims would be against sisu then surely?
And to be honest i dont care as long as they eventually do one!
Yes- so why would Joy accept a bid of 1£?
No your not getting it are you i dont give a shit as to why she would. It would be the decent thing to do so so any other offer is way way way over the odds.
letsallsingtogether
Well-Known Member
Don't say that you will upset some on here who believe she should have the assests and 10 million for all the good work she has done.
Grendel
Well-Known Member
Who thinks that?
Broken Hearted Sky Blue
Well-Known Member
That was quick
You don't get it. She has been offered more than a pound. She won't take a pound whether you want her to or not,
RegTheDonk
Well-Known Member
I can see the logic as we are pretty rock bottom and yes, a decent season on the pitch and maybe the crowds will come back and it would show more potential to any buyer (assuming we do well without any funding other than turnover). The only other problem would be where do we play long term?
If SISU and WASPs decide to be sensible and a decent rent/partner agreement is struck, then perhaps we would fetch a better price. Maybe thats what the plan is, get a proper fair deal in place then tell Hoff to up his bid? Or are they just hanging around, letting us tick over until the JR2 judge laughs them out of court.
You really dont get it ......I know all this im starting to think you are the andy townsend of sbt!
Nick
Administrator
Have suggested telling them to keep Ryton and sell it for houses to get the purchase price down. I don't think it would be a "massive" loss and could still rebuild.
Alright. I get it... she's going to take a pound. End of.
Yes lol as long as that helps you settle down darling!
Yes.
None of it would be a massive problem to overcome.
Plenty of partnerships could be forged in the local educational sector to provide adequate facilities to the level we're at.
The other ten millionish mentioned she may be entitled to is invalid in my view as that has been lost to appalling decisions over the ten years.
One article makes me wonder if she's staying in anyway.
The one where she's quoted as saying it's exciting to build something from "New".
If we become deconstructed to that point does she see us as a Burton /Fleetwood type project?
chiefdave
Well-Known Member
I wouldn't be bothered about losing Ryton if a decent replacement was in place. Lets face it Ryton is only a couple of pitches and the lodge.
Personally I'd go in with Warwick Uni. They have some decent facilities already and are expanding. We could share pitches and add a new lodge. Could also use the uni for the classroom requirements of the academy. Don't think it would take much to get everything on one site there.
Personally I'd go in with Warwick Uni. They have some decent facilities already and are expanding. We could share pitches and add a new lodge. Could also use the uni for the classroom requirements of the academy. Don't think it would take much to get everything on one site there.
There was a big article from the head honcho there two or three years ago relating to a donation from a beneficiary promoting investment into their sporting infrastructure and tie ups with American educational institutions.
Did make me wonder at the time if this was related to Joy's friends (the Huntsmans) and Penn state Uni.
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Is it the point, that it would harm SISUs compensation case (what ever that is) if they sold the club at a knock down price (i.e £1) , having 3000- 4000 thousand fans down from 20000- plus, only helps there argument if they can blame someone else for that (even though we all know is there actions that have heavily contributed to this) but if they could get any legal result in a court , then the compo figure could be anything, Don't know if this is the case but could be a reason why they are still here
Irish Sky Blue
Well-Known Member
I thought it had been said that they don't need to retain the club to pursue legal action.
I think OSB has said in the past that the JR won't result in any sort of compensation. It will just assess whether the sale was completed in a correct manner. If this did highlight issues with the sale then I would have thought it would be Coventry City who could then raise a claim for any compensation. Therefore whilst SISU could continue with the JR without owning the club I'm not sure what they would get out of it, other than a bit of one-upmanship. I suppose they could chase the council for any legal costs buy I don't know if they could also claim compensation as being previous owners.
torchomatic
Well-Known Member
italiahorse
Well-Known Member
I'm advised the deal includes leaving Ryton with Sisu and renting it back in the interim.
So it seems you may be right.
RegTheDonk
Well-Known Member
Sorry Italia mate - when you say "includes" do you mean an upcoming bid/deal, or did you mean "included" past tense, which is the bids we already know about? Just wondered if anything fresh was in the offerings.
letsallsingtogether
Well-Known Member
Come on Grendel do I really need to spell it out to you?
covcity4life
Well-Known Member
Good idea. Gives sisu inclming steady cash which hedge fund investers may be happy with
D
Deleted member 4439
Guest
Ok, so this is a mate of a mate rumour and could be bollocks but third bid is for 21m.
Nick
Administrator
Is that 21m cash or loads of millions on winning premier league within x years?
clint van damme
Well-Known Member
that seems excessive.
Grendel
Well-Known Member
£2.1 million I would think.
D
Deleted member 4439
Guest
Clearly it would be mainly add-ons, as per the 10m bid. And before people start, yes it's an unsubstantiated rumour and could be bollocks. Comes from a good mate who's mate was supposedly out with Hoffman the other night. Don't hang me if it turns out to be bollocks, as I don't have a record of coming on here to take the piss.
Grendel
Well-Known Member
Add ons aren't really a bid are they? It's a percentage on unlikely future earnings.
