skybluedan
Well-Known Member
Prat ain't that a pregnant fish?
Rumour: Hoffman and Elliot takeover negotiations (19 Viewers)
- Thread starter Evo1883
- Start date
Prat ain't that a pregnant fish?
Nick
Administrator
It's not about what I think, it's about what they will accept.
I don't know what figure they have as a minimum.
They keep repeating about the debt / investment so surely they want something for it. It can't just be ignored with an offer can it, which is why I asked would it be an offer for no debt or a % in the pound offer. The debt will need to be acknowledged in one way or the other with any deal.
It needs to be more than they can get liquidating and selling all the players / ryton or close to it.
skybluedan
Well-Known Member
Where has the 500k come from? Who said it was 500k?
Liquid Gold
Well-Known Member
I thought this would brighten up the thread
A popular place name in Chile, as in lots of towns have streets named after the famous naval officer, Arturo Prat.
italiahorse
Well-Known Member
Sisu will need to take a loss on the debt. Like everybody did when they took over.
They will do well to take this as an opportunity to get out and keep this within reason.
Les Reid in the observer article mate
I_Saw_Shaw_Score
Well-Known Member
Just catching up so in a nutshell Hoffman has bid £500k + £250k per promotion and the club have said no!?
italiahorse
Well-Known Member
Les Reid again making it sound meagre for a headline but without saying, or knowing, the add ons.
Ian1779
Well-Known Member
Difference between loss and total loss - didn't SISU pay about 7/8m to make old debt go away?
Ian1779
Well-Known Member
The add ons are 250K per promotion....
skybluebeduff
Well-Known Member
Who's said that?
robbiekeane
Well-Known Member
It's a negotiation.
500k is clearly stupid but they've opened extreme and made a huge drama out of it in the media to apply pressure.
At least there are talks, but I'd question how effective this whole public stir will be when SISU clearly don't give a shit. A lot more at risk than to gain if I'm honest...if it comes to nothing everyone is really really pissed (and let's face it we don't have the most resistant fan base to this kind of shit...), and if it comes to something then the media attention won't have caused it....
500k is clearly stupid but they've opened extreme and made a huge drama out of it in the media to apply pressure.
At least there are talks, but I'd question how effective this whole public stir will be when SISU clearly don't give a shit. A lot more at risk than to gain if I'm honest...if it comes to nothing everyone is really really pissed (and let's face it we don't have the most resistant fan base to this kind of shit...), and if it comes to something then the media attention won't have caused it....
skybluetony176
Well-Known Member
You're allowed an opinion. I'm not Grendull. I won't hold it against you claiming you said it was fact. I'll happily give you my opinion.
In my opinion the club is worth a quid.
The SISU debt which I believe is around £28M is worthless. Tough luck SISU, it's your mess, you take the hit.
The Arvo debt which I think is around the £7M mark is held against against the asset of the club. How much that is worth depends on what assets you're getting for your quid. If Ryton is included there is clearly a value there and a settlement must be reached, players under contract are the only other real asset and again a settlement will need to be reached. So depending on what's included depends on what percentage and it would be a percentage of Arvo's debt is settled, whatever is left Arvo will have to take a hit on.
I don't know what assets were included in the bid and I don't know what the add ons were but I don't think anyone interested in the club should feel obliged to help SISU and Arvo out of the mess they've help create. SISU and Arvo should be obliged to sell though and give someone else a chance to rebuild the club. They certainly aren't going to rebuild it and they certainly don't deserve our blessing to hang around until someone is willing to help them out. If for no other reason than they're not out there, it's never going to happen.
Sometimes the best offer is the one you've got in front of you and like I said earlier, this might be as good as it gets for SISU. Selling at the bottom of the cycle is the only option they'll ever have and the longer they're here the deeper that bottom will get.
(edit)
Just to add. If they liquidate don't the players become free agents as the club they have their contracts with no longer exists so therefore neither do their contracts?
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Bloody hope that it was a deliberate low bid. £500k plus £250k for promotions was never gonna work. I mean we could get that from selling some of the squad this summer.
Really hope they have a much higher fund to offer. Not sure what that needs to be but the fact that millions wasn't even mentioned in the first bid doesn't bode well!
Nick
Administrator
Nobody has said they should get shit loads and every penny.
It's just been asked where does it come into it with the offer.
Unless they offered 500k with no debt?
robbiekeane
Well-Known Member
What do you think is going on?
Nick
Administrator
They aren't going to though are they? The same as ACL didn't and not many others do. Wouldn't they get more liquidating?
You say people won't be obliged to help SISU out of the club but they should be obliged to sell? They will need to be helped out and given a way out before they go.
Maybe take a step back and have a look at it realistically. I'd love them to give the club over for a quid and everything live happily ever after, but I think the night I have planned for Hill is more realistic isn't it?
Grendel
Well-Known Member
What you first need to think is where would Italia be drip fed this information?
What are wasps missing?
What do wasps need to complete what's missing?
Nick
Administrator
robbiekeane
Well-Known Member
A long term tenant?
skybluetony176
Well-Known Member
Funny how some want to make this all about wasps when it should be about CCFC.
stupot07
Well-Known Member
Nick
Administrator
It is not being made ALL about Wasps is it...
skybluebeduff
Well-Known Member
He has been honest, he pretty much told you a bid was coming and it ended up being true?
chiefdave
Well-Known Member
Not at all, but if they are involved that is a very important detail. Given that they've stated they are a property development company with a rugby club on the side where do you think we would come on their list of priorities?
ccfc92
Well-Known Member
I asked you last night, and I'll ask you again, what would you have said would be a legit/reasonable bid?
I don't think £500k is reasonable, but on the other hand, the club (minus Ryton) is effectively worthless so £500k for something worth nothing isn't as much a joke as people are making out.
Nick
Administrator
More will come out in the PR games I'd bet.
ccfc92
Well-Known Member
To be fair, Wasps are an important piece of the puzzle, as much as we'd like them to be out of the picture.
Grendel
Well-Known Member
Well.....lets see especially as the bid arrived three days before he said it was coming.
Italia - what is wasps involvement in this?
skybluetony176
Well-Known Member
Depends which poster you're talking about. Don't think I used the word ALL either.
ccfc92
Well-Known Member
skybluebeduff
Well-Known Member
Grendel
Well-Known Member
Who says I'm not in the loop? This really isn't rocket science.