Doug King Takeover (19 Viewers)

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no_loyalty

no_loyalty

Well-Known Member
Nick said:
My thinking is that they knew Ashley was going to be in for the club after the stadium with the council standing behind him.

They have taken the club option away from him so it means Ashley is going to be buying a stadium with potentially no football club. I wouldn't be surprised if they have said the club will be moved if Ashley takes over it.

Leaves Ashley with an empty stadium.

They then hope Ashley pulls out or cuts them in.
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I agree, Sisu won’t just disappear.
 
WestEndAgro

WestEndAgro

Well-Known Member
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SHUNT31

SHUNT31

Well-Known Member
I’m sure an equity bid will mean having a share of the arena. For instance they will acquire 50% equity. That’s how I read it.
 
E

ericagradus

Member
Looking at Doug King in more detail, there is lots of reference to him being Director and Chief exec. And his professional role has been fund manager. So the guy 'knows what he is doing with investment' but what is more encouraging is his personal situation, a quick look on companies house and he is not just director of the King of Shaves, but the shareholder. So the guy has ££££ and I haven't even looked at his interest in other companies
 
Nick

Nick

Administrator
ericagradus said:
Looking at Doug King in more detail, there is lots of reference to him being Director and Chief exec. And his professional role has been fund manager. So the guy 'knows what he is doing with investment' but what is more encouraging is his personal situation, a quick look on companies house and he is not just director of the King of Shaves, but the shareholder. So the guy has ££££ and I haven't even looked at his interest in other companies
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Yeah says this

Ownership of shares – More than 25% but not more than 50%
 
W

wingy

Well-Known Member
ericagradus said:
Looking at Doug King in more detail, there is lots of reference to him being Director and Chief exec. And his professional role has been fund manager. So the guy 'knows what he is doing with investment' but what is more encouraging is his personal situation, a quick look on companies house and he is not just director of the King of Shaves, but the shareholder. So the guy has ££££ and I haven't even looked at his interest in other companies
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And he was the founder of the LLP fund management.
 
skybluepm2

skybluepm2

Well-Known Member
Gobsmacked! The murmurings and snippets we’ve had in the past couple of months on here and in the media, actually had credibility 😀👏🏻 it’s only ever so slightly annoying that SISU are still hanging around like a corpse’s fart, but with only 15% control I’d imagine they will have very little say in how the club is run moving forward.

I’m surprised how King’s name hasn’t once been mentioned, which is undoubtedly a good thing whilst the negotiations have taken place behind closed doors. No more Joy, hopefully no more from that sniveling ratbag, Fisher, and allegedly clear of debt. Those points alone make this a monumental day in our proud history.

Irrespective of the ground situation, I hope the takeover can be rubber stamped in the near future, to enable the feel good factor to continue when we get back up and running again, before moving on to January where he sploshes £50m of intent and ties down Vik, Gus and O’Hare on 7 year deals. Details of personal wealth will arise soon and will give us an indication as to whether or not he’s able to mix it with the big boys. Here’s hoping!

The timing of the announcement is deliberate without doubt, and I’m sure is aligned to ruffling a few feathers and throwing a curve ball in Ashley’s direction tomorrow.

They say good things come in 3’s; new ownership today, stadium tomorrow, promotion in May 😜

Looking forward to reading each and every one of the posts and Hill’s GIF’s on another 300+ thread. We deserve this moment, enjoy it you bloody legends!!

Long live the King! PUSB 💙
 
Liquid Gold

Liquid Gold

Well-Known Member
SHUNT31 said:
Just posted the same and then saw this. I read it as that also.
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Could easily be

"we want 50% stake, the bowl of the arena, ownership of an office and club shop and use of all corporate and hospitality on match days, you get the exhibition hall the casino and the hotel plus concerts in the summer and regeneration of additional businesses."

Could work for them and another party and as it's under the same ownership structure then the complex being all joined up doesn't't affect things.

I still think Big Mike ends up owning it though as I don't think he gives up easily - although he did give up at Derby when they eventually made it too difficult.
 
C

CCFCSteve

Well-Known Member
SHUNT31 said:
I’m sure an equity bid will mean having a share of the arena. For instance they will acquire 50% equity. That’s how I read it.
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I agree that an equity bid suggests an offer to buy ACL solvently which could potentially take the court out of the equation ie court not willing to pass judgement tomorrow/possible adjournment maybe. Who knows. Taking the stadium on with 35m of bondholder debt attached to it doesn’t really make sense though

Let’s see how tomorrow plays out…interesting times
 
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