Doug King Takeover (26 Viewers)

[Nick]

You would think they would just extend exclusivity?

 

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[Nick]

If Ashley gets the stadium they pull the club out again?

Why wouldn't they tell Ashley that?

 

[AFCCOVENTRY]

So Doug King’s brother is the founder of King of Shaves and he’s invested in them,

 

[coop]

Think this has come at a strange time and do think that maybe Ashley was going to try for the club after getting the CBS.

 

[Flying Fokker]

How Doug King’s hedge fund made a killing shorting oil: ‘Investors don’t really get bear markets’

King’s RCMA Merchant Commodity Fund is up 26% this year. In 2014, it was up almost 60%

www.fnlondon.com

 

[jordan210]

It says Pall Mall on all the ones I can see, like Monopoly.

Yup nothing on companies house shows as 96 Kensington High Street


Also 96 Kensington High Street is just a fancy serviced office.

 

[Brighton Sky Blue]

Why wouldn't they tell Ashley that?

I find it hard to believe they haven't been in touch with him, directly or indirectly. And if they haven't, and their plan was for another of the hedge fund community to try and compete with him, they're worse at their jobs than I thought.

 

[GaryJones]

I mean, no sisu = good, but where the fuck does this leave us with Ashley and the stadium?

Sent from my SM-G973F using Tapatalk

I think they will now get the stadium too. Pressure is on to make sure the football club own the stadium that was built for them in the first place - I think an awful lot of moral pressure will be applied to the administrators by both the club/new owner and the council.
I think this would be a “get out of jail free” card for the council!!!
As long as they come up with a competitive bid (I think they will) I think things will tip in their favour.
For me this is the best news possible - I feel we are on the up anyway and this COULD be the launch pad to “Operation Premiership””.

 

[Terry_dactyl]

Well, I’m late to this party! What the fuck is happening?!
It’s great news right?!

 

[clint van damme]

RMCA same address as SISU. More I think about it, the more this is not as good as first thought

Just coincidence, nothing to see, move along......

 

[nicksig]

View attachment 27288

The address is can see is 78 Pall Mall, London, SW1Y 5ES for RCMA

 

[Super Graham Withey]

If Ashley gets the stadium they pull the club out again?

Yep. That's the plan.

 

[David O'Day]

Just coincidence, nothing to see, move along......

Doesn't even seem to be true

 

[GIMOC]

Yup nothing on companies house shows as 96 Kensington High Street

Just done some digging. Moved in 2021.

 

[Nick]

I find it hard to believe they haven't been in touch with him, directly or indirectly. And if they haven't, and their plan was for another of the hedge fund community to try and compete with him, they're worse at their jobs than I thought.

Compete with him for what?

The club?

 

[Covcraig@bury]

He also shares the same building as Sisu in London

 

[fernandopartridge]

Doesn't even seem to be true

It is true per the last published accounts of RCMA

 

[David O'Day]

Just coincidence, nothing to see, move along......

SISU

SISU CAPITAL LIMITED overview - Find and update company information - GOV.UK

SISU CAPITAL LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

RCMA

RCMA CAPITAL LLP overview - Find and update company information - GOV.UK

RCMA CAPITAL LLP - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

 

[SHUNT31]

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

Long term though, is £35m really that expensive to secure the football clubs home for 242 years?

Also, the stadium is worth more to the club than any third party.

 

[David O'Day]

He also shares the same building as Sisu in London

Not according to companies house

RCMA CAPITAL LLP overview - Find and update company information - GOV.UK

RCMA CAPITAL LLP - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

 

[Skybluefaz]

Here's what I just found on pomanda.com - douglas-king

View the official director profile of Mr Douglas Richard John King (born January 1967) and track their directorships and related directors over time on Pomanda

pomanda.com

Don't know how accurate this information is, whether it's already been posted, or if this is the good news I hope it is.

 

[Nick]

Just done some digging. Moved in 2021.

239 businesses with that address.

Looks like serviced / virtual office space.

 

[AFCCOVENTRY]

The combined cash at bank value for all businesses where DOUGLAS holds a current appointment equals £17m, a combined total current assets value of £52m with a total current liabilities of £32m and a total current net worth of £31m. Roles associated with Mr Douglas Richard John King within the recorded businesses include: Director, Llp Designated Member

 

[Winny the Bish]

He also shares the same building as Sisu in London

So do 100+ other companies. Could be a coincidence, could not be.

 

[The CableGuy]

God save our Rapeseed King!
Long live our City King!
God save the King!
He'll keep City victorious,
Make City Happy and glorious,
And he will promoteeee us
God save the King!

 

[David O'Day]

So do 100+ other companies. Could be a coincidence, could not be.

Do they though? Not what i can see

SISU CAPITAL LIMITED overview - Find and update company information - GOV.UK

SISU CAPITAL LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

RCMA CAPITAL LLP overview - Find and update company information - GOV.UK

RCMA CAPITAL LLP - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

 

[Brighton Sky Blue]

Compete with him for what?

The club?

The stadium. If there's a consensus that Ashley wanted the club as well, but his only crime is to have dealt with the council to get the stadium, it's pissing away a better opportunity not just for CCFC but SISU as well.

If Ashley offers more for the stadium he's getting it and will be quite happy to call their bluff if it comes to threats to pull the club out of the city again.

 

[tisza]

Smart guy. Finance man. Don't get distracted by the rapeseed as that is going to be a huge business ( only in it's early stages and he's got in early).

 

[Liquid Gold]

239 businesses with that address.

Looks like serviced / virtual office space.

It is, I googled it as soon as I saw it on twitter and it'll be a building of small offices that basically receive post.

 

[Londonccfcfan]

For those asking about the cash....

From the statement on BBC:

"King is chief executive of Stratford-upon-Avon based oilseed processing facility Yelo Enterprises, who have invested more than £70m in the region.

He previously founded investment firm RCMA Capital LLP - which has overseas investments of more than £400m - and of which he remains majority owner."

He may have a few quid to his name £6.50 in loose change and a packet of Cheese and Onion Crisps

Overseeing investments of £400m is literally fuck all.

But this is incredible news, hearts literally racing.

 

[jordan210]

Just done some digging. Moved in 2021.

Website shows it as a fancy rent a space

Pavilion - London’s premier luxury workspace and private member facilities

PAVILION CLUB IS AN ECLECTIC BLEND OF LUXURY WORKSPACE AND EXQUISITE PRIVATE MEMBERS' FACILITIES

www.pavilion.club

 

[Londonccfcfan]

Can flap it all day but I've a feeling that no contract we can offer will keep the lad here , we need to cash in as soon as an acceptable offer comes in

This just means we wont be desperate and held to ransom for a fee

 

[AFCCOVENTRY]

 

[Evo1883]

Yep. That's the plan.

You know this ?

 

[Bernie Rhodes Nose]

Put CWR on for the inevitable wall to wall, in depth coverage. The fucking Beegees playing.

Staying Alive?