Sisu gone on Monday? Yanks are coming! (19 Viewers)

[Ian1779]

Some great reading on Richard keys Twitter. Go and check it out. I don't particularly like the guy but he seems honest enough and knowledgable enough.

Says we haven't hit rock bottom yet (hard to believe) but true as we can drop another league or two yet I guess. He says the club is worthless other than a £1 standard fee and because of that he thinks joy will just liquidate the club. She stands nothing to gain by selling us. So ditch us. He think there are people in the city who can and will help us if we can get the club back. Says sisu stole ccfc from Robinson after he wrote of debt for 30m (not sure on)

Overall doesn't know a lot more than us but cleared up a few loose ends for me. To end the argument about the value of the club, it is absolutely worthless. £1 tops.

He's probably right about the valuation but the rest of what he spouts is horse shit. Claims to be a CCFC fan but hasn't given 2 shits since we were relegated from Prem.

Also realistically the notion of them selling Ryton and then afterwards liquidating is contradictory as they can't even sell it until they have proved to FL and Sport England they have an alternative in place.

If SISU were selling Ryton to make a last quick buck then there is your opening gambit if you want to buy the club. The value of the Ryton site.

 

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[Ian1779]

If you mean by smug face Appleton - he wasn't talking about him he was referring to Brendan Guilfoyle.

He also said in a CWR interview that SISU had 'invested' in excess of £50m in the club...

 

[Otis]

Can someone tell me if Haskell had the means

I am met with a wall of silence on the subject.

 

[robbieray]

No they still here

 

[trevelfarandwide]

I am met with a wall of silence on the subject.

Personally, I believe Preston Haskell had the means and the business acumen. I did some background on him, he had a proven success rate in turning businesses, franchises and sporting franchises into a profit-making endeavour. Absolutely loaded too, he is.

He'd have had his work cut out with CCFC, though.

Like I stated a few days ago, SISU won't sell unless it's a ludicrous offer, which is unlikely. Recoup is the strategy, until they can call it a day. What happens thereafter is not for the fainthearted.

 

[Ian1779]

Personally, I believe Preston Haskell had the means and the business acumen. I did some background on him, he had a proven success rate in turning businesses, franchises and sporting franchises into a profit-making endeavour. Absolutely loaded too, he is.

He'd have had his work cut out with CCFC, though.

Like I stated a few days ago, SISU won't sell unless it's a ludicrous offer, which is unlikely. Recoup is the strategy, until they can call it a day. What happens thereafter is not for the fainthearted.

Surely you would think that an offer should match whatever they think they can recoup - which isn't going to be very much.

 

[skybluetony176]

People joke about the likes of Hoffman, Elliott etc. but the possible truth is that when it comes to the crunch and it will, there's more than a good chance that these are the only ones out there willing to put a hat in the saving CCFC from extinction ring.

 

[hill83]

Whys that then?

Serious question, what would new owners do that our current owners aren't doing?

I want SISU gone like anybody else but Im not convinced everything will be hunky dory straight away.

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We'd get to wear leotards.

 

[Senior Vick from Alicante]

Unfortunately Tony if Elliot has any input like last time we will be in the same position again. Not knocking his business reputation or commitment but the next owners need proper financial acumen.

 

[dongonzalos]

I am met with a wall of silence on the subject.

I was certainly under the impression he did.
Also still waiting on proof that he didn't.
Just because SISU are prepared to pay more for their own debt doesn't tell me that he didn't.

 

[Captain Dart]

If by the time I wake up we haven't got some great new american owner this keyboard is going to get some angry tapping.

Better sleep in..

 

[stupot07]

Personally, I believe Preston Haskell had the means and the business acumen. I did some background on him, he had a proven success rate in turning businesses, franchises and sporting franchises into a profit-making endeavour. Absolutely loaded too, he is.

He'd have had his work cut out with CCFC, though.

Like I stated a few days ago, SISU won't sell unless it's a ludicrous offer, which is unlikely. Recoup is the strategy, until they can call it a day. What happens thereafter is not for the fainthearted.

Brendan Guilfoyle said he had previously had direct dealings with him in the Leeds admin process. He said he didn't have the cash needed to run a football club. I believe at the time it was suggested he had net worth of £150m, he'd need to spend in the region of £50m+ in 2-3 seasons to get out of this league and challenge in the championship (Leicester's owner spent around £125m in 3 1/2 years). So how much of his net worth is cash in the bank and how much is tied up in property and business investments? We had this debate 3 years ago.

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[dongonzalos]

People joke about the likes of Hoffman, Elliott etc. but the possible truth is that when it comes to the crunch and it will, there's more than a good chance that these are the only ones out there willing to put a hat in the saving CCFC from extinction ring.

So the bloke who the Government turned to in the banking crisis who is a Cov fan.
A bloke who had successfully ran he own business in the city for a lifetime who is a Civ fan.
Advising an American who potentially hasn't got a clue about football.

I can see only two differences to today

1) Influence of Cov Fans
2) Willingness to invest.

 

[dongonzalos]

Brendan Guilfoyle said he had previously had direct dealings with him in the Leeds admin process. He said he didn't have the cash needed to run a football club. I believe at the time it was suggested he had net worth of £150m, he'd need to spend in the region of £50m+ in 2-3 seasons to get out of this league and challenge in the championship (Leicester's owner spent around £125m in 3 1/2 years). So how much of his net worth is cash in the bank and how much is tied up in property and business investments? We had this debate 3 years ago.

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Two questions....

1) What is currently invested per season on top of what is earnt?

2) if we were put into administration if he was the only group to put a bid in would you be against him.

 

[Deleted member 5849]

Steady now, don't go asking for any kind of clarification.:bag:

I've done the links eleventy billion times in the past. It's not my fault if people refuse to accept it.

And people wonder why grendel started on his 'do you have a link for that' on everything...

 

[dongonzalos]

It was said on cwr when he was on, I think he also said there wasn't anything wrong with our admin process (i think, somebody will confirm if I'm wrong)

The admin process was legitimate. SISU just valued their own debt higher than other others.
I didn't hear him in that article.
I would be very surprised at the current costing of CCFC. Looking (only at what is posted in the net)
if he could not invest more than is current invested (on top of revenue) than the current owners.
Also I am guessing by the time we would be put in admin it would be division 4

 

[Deleted member 5849]

Do you have a link for that. I can't find it (not saying you are wrong btw, just wouldn't mind reading it)
I was always under the impression Haskell had the money but not what SISU were prepared to invest to buy their own debt.

Because you asked nicely, I'll find it when I have a spare five minutes.

 

[Deleted member 5849]

The admin process was legitimate. SISU just valued their own debt higher than other others.
I didn't hear him that article.
I would be very surprised at the current costing of CCFC. Looking (only at what is posted in the net)
if he could not invest more than is current invested (on top of revenue) than the current owners.
Also I am guessing by the time we would be put in admin it would be division 4

He's a property developer however. That's how he was brought to ACL's attention...

 

[Deleted member 5849]

I was certainly under the impression he did.
Also still waiting on proof that he didn't.
Just because SISU are prepared to pay more fit their own debt doesn't tell me that he didn't.

OK, got to this bit.

Fuck off with your links then. Apologies for, like... sleeping during the night and all that.

 

[dongonzalos]

I've done the links ekleventy billion times in the past. It's not my fault if people refuse to accept it.

And people wonder why grendel started on his 'do you have a link for that' on everything...

Not refusing to accept NW. (As I pointed out to you when asking)
Just never read the article myself and struggling to find it. I would like to read it.
Might be because of what Nick said that he put it on the radio.
Sounds like BG was saying he would have 50 million to spend on us over two seasons.
To be honest I would love that but wouldn't expect it.
I would just like to see the club run and know in my mind when a decision is made genuinely the first consideration is what is best fit the club long term.
Not what is best for a different business. Then the club.

 

[dongonzalos]

OK, got to this bit.

Fuck off with your links then. Apologies for, like... sleeping during the night and all that.

It doesn't sound like you got much sleep. Tetchy, read my other reply.

 

[Ian1779]

I would just like to see the club run and know in my mind when a decision is made genuinely the first consideration is what is best fit the club long term.
Not what is best for a different business. Then the club.

Probably not worth holding out hope that Wasps will be new owners then.

 

[Grendel]

It was a radio interview. Guilfoyle knew Haskell as he was dealing with the sale of Leeds and when asked said something along the lines of "nice chap but hasn't the funds to run a football club" he seemed to find the suggestion fairly amusing.

 

[dongonzalos]

Probably not worth holding out hope that Wasps will be new owners then.

Wasps for me are SISU, but the only advantage that they happen to own ACL.

 

[dongonzalos]

It was a radio interview. Guilfoyle knew Haskell as he was dealing with the sale of Leeds and when asked said something along the lines of "nice chap but hasn't the funds to run a football club" he seemed to find the suggestion fairly amusing.

Thanks are there no checks then when you bid for these things that you can actually back it up?
Like if you bid for higher market house. You must prove the means before the bid is accepted.

 

[Captain Dart]

f SISU were selling Ryton to make a last quick buck then there is your opening gambit if you want to buy the club. The value of the Ryton site.

Here is a thought, the club is worth more if the Ryton land has planning permission.

 

[Captain Dart]

Brendan Guilfoyle said he had previously had direct dealings with him in the Leeds admin process. He said he didn't have the cash needed to run a football club. I believe at the time it was suggested he had net worth of £150m, he'd need to spend in the region of £50m+ in 2-3 seasons to get out of this league and challenge in the championship (Leicester's owner spent around £125m in 3 1/2 years). So how much of his net worth is cash in the bank and how much is tied up in property and business investments? We had this debate 3 years ago.

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That is realistic, any new owner need £500m+ wealth backed by an active profitable business that makes money. That excludes Wasps 100% owners wealth more like £30m

 

[ajsccfc]

Right. Monday, I'm ready for our new overlords. I've baked a fresh batch of America balls special

 

[MusicDating]

He's a property developer however. That's how he was brought to ACL's attention...

I heard that Preston Haskell was all ready to buy us a few weeks back, but called it off after Cov fans started on his brother; James...

 

[dongonzalos]

To be honest from what I could recall Preston's main interest was developing the land round the Ricoh. The club can't give him that now. So I can't see it been him.

 

[skybluetony176]

To be honest from what I could recall Preston's main interest was developing the land round the Ricoh. The club can't give him that now. So I can't see it been him.

There's always the land that the training ground sits on.

 

[chiefdave]

He says the club is worthless other than a £1 standard fee and because of that he thinks joy will just liquidate the club.

The club is worth £1 but that is a bit misleading. Paying £1 but having to service £30m of debt to SISU is a lot different to paying £1 and the debt being written off.

Says sisu stole ccfc from Robinson after he wrote of debt for 30m (not sure on)

How can he say SISU should walk and write off millions and then say it was wrong to expect Robinson to do it?

 

[rupert_bear]

Question: Do we all think this Heskell bloke was on his own when he tried to get his hands on our football club I doubt it somehow, I believe his old man is worth way more than he is. Whether it would have worked who knows.

 

[dongonzalos]

Question: Do we all think this Heskell bloke was on his own when he tried to get his hands on our football club I doubt it somehow, I believe his old man is worth way more than he is. Whether it would have worked who knows.

His farther was a massive powerhouse.
Who knows how far he would go to entertain his son's business attempts.

 

[trevelfarandwide]

So do we think Haskell was purely interested in the stadium, not the club? Obviously he could have purchased one or the other, not necessarily both?