the rumpo kid
Well-Known Member
and thats why you shouldnt buy a season ticket .
Gary Hoffman on the phone in.... (5 Viewers)
- Thread starter Alan Dugdales Moustache
- Start date
What is the value? Hard to say. Depending on whether they comply with the provision of an alternative sports ground and when this all comes about.
the rumpo kid
Well-Known Member
the value is nothing ! they have offered much more than the club is worth , and any debts are of there own making .
Nick
Administrator
I haven't listened back yet but fair play to him for addressing some of the detail and answering a few questions about it.
He said he wanted to remain anonymous but think being open about it will gain more support when people can see something to support.
Surely the Premier League add on and the 50% of player sales for 3 years isn't guaranteed.
Did anybody really need it to be confirmed who was giving the Observer information?
He said he wanted to remain anonymous but think being open about it will gain more support when people can see something to support.
Surely the Premier League add on and the 50% of player sales for 3 years isn't guaranteed.
Did anybody really need it to be confirmed who was giving the Observer information?
letsallsingtogether
Well-Known Member
Why did you do it!
Chip Batch
Well-Known Member
The club is worthy it's assets, plus any considered potential. It doesn't matter if SISU have put in fifty quid or £500m. If I tried to sell you a 15-year old Ford Focus saying I paid £10k for it when new, and that I'd invested another £4K on maintenance and MOT's in that time, it doesn't mean I should be asking for £14k back.
To me, the only tangible assets the club has are Ryton, the football league golden share and a minimal value in players to sell on.
I think Hoffman's was a very fair offer. Any potential for things to improve is worth nothing while with them, so offers based on potential earnings are ones they will never realise anyway.
To me, the only tangible assets the club has are Ryton, the football league golden share and a minimal value in players to sell on.
I think Hoffman's was a very fair offer. Any potential for things to improve is worth nothing while with them, so offers based on potential earnings are ones they will never realise anyway.
Nick
Administrator
Why did you do it!
Nick
Administrator
I think it is getting there slowly and closer to what they will take.
The whole 50% of player sales and Ryton sales doesn't sound too promising for a club point of view. I'd much rather it was said they could keep Ryton and have a clean slate away from them and then start on a rebuild.
Generally Midfield
Well-Known Member
Can't believe some of the comments on here. sisu are only interested in money and don't give a monkeys about us being in division 4. they've been owners for 2 relegations and won't care if we go non-league so long as we're breaking even. gilbert does pr for wasps and the council, reid does pr for sisu - they're as bad as each other. Listening to hoffman, he's a genuine supporter. Can't be worse than sisu and chances are he'd be a dam sight better.
JulianDarbyFTW
Well-Known Member
A lot has been said before about SISU not wanting to crystalise their losses. I assume that if they sell, this would happen. Which is why I expect SISU still in charge this time next year.
Chip Batch
Well-Known Member
From what Hoffman said, it didn't sound like he would have any intention of selling Ryton, more that SISU see it as an asset which has value, so they included that percentage to appease them. I'd say that 50% of player sales won't amount to much in our case, but I suppose in terms of sustaining the club then they do. Short term though I think it's worth it. There's got to be a reasonable compromise somewhere.
chiefdave
Well-Known Member
So 50% of the sale price of something you're not going to sell.
Nick
Administrator
Sounds a bit pointless then if it isn't going to be sold and just said to sound better.
Still, I'd tell them to keep it and do what they want in return for a clean slate without having to be in debt to them going forward.
Gazolba
Well-Known Member
Have SISU ever done such a thing ?
skybluetony176
Well-Known Member
Or if we do sell it the club still gets 50% which is probably 50% more than it would if SISU sold it as Arvo currently have charges on it.
olderskyblue
Well-Known Member
My tuppenneth..
If you look at it with "I hate SISU" eyes, it seems like a good offer, because we all want them gone. If you look at it from a "will it be an incentive for them to go" perspective, it doesn't appear to be so good.
I think this game still has some distance to go yet before we get a decent ending. And even then, we don't really know how decent that might be.. The big question is how far can GH and his backers realistically go with it, and then what's left, if they succeed, to take us forward.
If you look at it with "I hate SISU" eyes, it seems like a good offer, because we all want them gone. If you look at it from a "will it be an incentive for them to go" perspective, it doesn't appear to be so good.
I think this game still has some distance to go yet before we get a decent ending. And even then, we don't really know how decent that might be.. The big question is how far can GH and his backers realistically go with it, and then what's left, if they succeed, to take us forward.
Nick
Administrator
I don't even think it's a question about what's left either. Think I saw somewhere about if they spend too much on it they can't plough loads of money in.
I'm not expected a new owner to come in and aimlessly plough millions in, I'd be happy with living within means but building infrastructure and building money coming in so the break even figure is higher.
I still think it needs to be looked at what could SISU get if they did a fire sale and sold every player, Ryton and every fixture and fitting and get close to that.
Every UNSOLD season ticket IMPROVES HOFFMAN's offer.
If you want a change in ownership now is the time to turn the screw.
SkyBlueRuffian
Well-Known Member
One thing that could scupper the deal maybe is, what if we don't sell any players for the next 3 years?
dongonzalos
Well-Known Member
Do you think it was Tim Fisher?
clint van damme
Well-Known Member
if this doesn't come off your biggest worry is a fuckin' no mark like reid? Get a grip FFS, there are bigger fish to fry.
SkyBlue_Bear83
Well-Known Member
We're only breakeven as long as the academy keeps churning out players to sell.
Flying Fokker
Well-Known Member
Less than 10 million? It's a strong offer. I wonder what projected revenues are? Maybe a low take up season tickets makes the offer even more attractive?
An asset the Hoffman consortium has that SISU doesn't is the potential to immediately increase and then gradually build the break even figure. Hoffman's appearance on the radio last night is a great example - if that level of communication continued we'd be generally on his side, even if there was some bad news to take.
If the Hoffman team came in I'd want to support them immediately. I'd renew my season ticket, buy a new shirt, sign up to a prize draw, basically do anything I could to do my bit. As a feel good factor began to surround the club I think there would also be a gradual increase in income from individual fans and from local businesses in sponsorship and there would be benefits from better relationships with key partners like Wasps and CCC.
Look what the Wembley feel good did for sales of tickets, flags etc. A one off but it shows the potential. SISU exploited it for one day but they will never be able to do that in an ongoing way. The club has to be run on a break even basis. Hoffman and his consortium could run it on a positive looking break even plan. The SISU break even plan can only ever be a declining one now.
If the Hoffman team came in I'd want to support them immediately. I'd renew my season ticket, buy a new shirt, sign up to a prize draw, basically do anything I could to do my bit. As a feel good factor began to surround the club I think there would also be a gradual increase in income from individual fans and from local businesses in sponsorship and there would be benefits from better relationships with key partners like Wasps and CCC.
Look what the Wembley feel good did for sales of tickets, flags etc. A one off but it shows the potential. SISU exploited it for one day but they will never be able to do that in an ongoing way. The club has to be run on a break even basis. Hoffman and his consortium could run it on a positive looking break even plan. The SISU break even plan can only ever be a declining one now.
rupert_bear
Well-Known Member
Will be interesting if we are back at square one with sisu still in command how many will still renew their season tickets, I would see this as an ideal moment to stick together for once and stick two fingers up to them, doesn't mean stop going just not putting advanced money in their pocket.
Harry Krishner
Well-Known Member
That would actually be very generous considering the way sisu have run the place into the ground - why should sisu get 50% of any transfer fees in which they have no part? Why should they get payment for any promotions?
The £1.2 m alone is generous. Their refusal to sell indicates a couple of things:
- They want to hang on to a loss-making entity to reduce tax liability elsewhere;
- They are just trying to extract the maximum from people that actually care about the club.
Grendel
Well-Known Member
How do you conclude it's generous given all debts and liabilities remain with the seller but one asset worth twice as much as the cash offer stays with the buyer?
You can't use a company to offset tax losses by the way.
SkyBlueZack
Well-Known Member
When will people grasp that buying a ST doesn't put money into SISU's pockets? But into actually running the club. To giving MR a budget to build a squad. What happens if nobody buys a ST on the hope of a takeover. Takeover doesn't happen. MR has no budget to build a squad, meaning another shit year.
Oh and if the takeover does happen, will we all be putting money into Hoffmans pockets? Or does that logic only apply to SISU? Even though there is no clear evidence that they physically take money out.
Oh and if the takeover does happen, will we all be putting money into Hoffmans pockets? Or does that logic only apply to SISU? Even though there is no clear evidence that they physically take money out.
Exactly - hard as a fan to adopt any other strategy. Given their unbridled contempt for the city and their fan base they (sisu) deserve nothing less.
rupert_bear
Well-Known Member
Because not renewing STs is the only immediate weapon the ordinary fan has. Doesn't mean not go, do go but pay match by match, technically you will be giving sisu more money in the long run but nothing in advance. Somehow sisu have to pay May, June and Julys commitments with nothing coming in.
Didnt they say they have got to a situation now where they are making around a million a year profit ? if so, then what is the benefit of them selling for around 1 years profit... but then having to wrote off "70" million they are spouting as debt, and wave good bye to ryton money, player sales etc ( even if its 50% of it )
And fisher has been asked directly what number it would take to sell the club, his stock answer is "well its not for sale, but the owners have put around 70 million"
I just don't see there is anyway they sell up & go , unless someone puts multiple double digit millions on the table...
And fisher has been asked directly what number it would take to sell the club, his stock answer is "well its not for sale, but the owners have put around 70 million"
I just don't see there is anyway they sell up & go , unless someone puts multiple double digit millions on the table...
COVKIDSNEVERQUIT
Well-Known Member
And there's no clear evidence that SISU WILL invest in the team with increased season ticket sales .
ccfcway
Well-Known Member
or just give them Ryton and walk away from it.
Control your emotions...fast.