Doug King Takeover (8 Viewers)

[AFCCOVENTRY]

5 min alert to more takeover chat

 

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[skybluetony176]

It will be like We Buy Any Car, headline figure of £25m then they due diligence and it’s all it’s got a scratch here, this seat has a mark, this service was 2 days late. How does £2.50 sound?

 

[HuckerbyDublinWhelan]

The more we hear, the stronger the stench of SISU's familiar underhand tactics grows.

This has the medium term potential to completely destroy the incredible on-field achievements of recent weeks.

the World Cup is more likely do that

 

[Sky Blue Harry H]

the amount of naive and gullible posters on here is scary

You know as much as the large majority on here.

 

[Sky Blue Pete]

Did he come across as someone who has seen us play?

 

[Deleted member 5849]

Did he come across as someone who has seen us play?

Came across as a bit of a vacuous wanker tbh, but first impressions aren't always right!

 

[Mild-Mannered Janitor]

What serious bidder ever declares their hand on what they are going to bid and haven’t done any dd or looked at the sales pack if there is one.

 

[fatso]

Did he come across as someone who has seen us play?

Nope, just a businessman, no mention of MR.
He has links with Sisu, and even shares a London office with Sisu, and part of his business empire is a hedge fund!

 

[Brighton Sky Blue]

What serious bidder ever declares their hand on what they are going to bid and haven’t done any dd or looked at the sales pack if there is one.

I think you know the reason for that

 

[MusicDating]

Watch Ashley bid £26m

I mean big words to say he want the arena for £25m without doing any due diligence.

'Well, the club tried to buy the stadium'...

 

[TomRad85]

If it is just SISU making a last attempt to get the ground, then fine, I hope they get it. SISU and this Doug character owning club and stadium is still better than being owned by SISU and renting from the filth.

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[Deleted member 5849]

Did he come across as someone who has seen us play?

Loves sports; football, golf...

 

[Brighton Sky Blue]

If it is just SISU making a last attempt to get the ground, then fine, I hope they get it. SISU and this Doug character owning club and stadium is still better than being owned by SISU and renting from the filth.

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I don’t think the Met are interested Tom

 

[TomRad85]

I don’t think the Met are interested Tom

They'd actually fit in well with all the shady characters involved in this story

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[lord_garrincha]

Factor in inflation on any capital asset and repair & upkeep costs... let's see how far £25 million will go... or not, most likely!

 

[fatso]

So purchasing with equity, not debt, what does that mean?

It means he's got the readies and doesn't need to mortgage the Arena, which means future income won't be used to service debt.
Which means more of the business income could be re-invested in CCFC should he manage to unite the club and the Arena under the same business.

 

[CCFCSteve]

Interesting that Gilbert commented that King has said he’d continue to cover stadium costs in the meantime assuming no sale completed today.

 

[AJB1983]

Doesn’t feel right to me this.
so out of the blue - who is this geezer? What the hell does he want with coventry city?
Fair enough if the ‘local businessman’ was someone we’d heard of and knew was actually interested in football and/or a fan.
The fact he also said about sisu did well bringing the club back to coventry - it was them that fucking took us out of coventry?!

my theory is it’s all about the stadium, then either he will sell back his shares to the other shareholders i.e sisu and they’ve got it through the back door.

either way we all know that if the company that owns the brand that is coventry city football club owns acl then it will only be rented back to the football club anyway. It’ll never be CCFC that own the operating company, it’ll be Otium or whoever.

 

[skybluetony176]

What did he pay for his 85% stake in CCFC?

 

[Deleted member 5849]

It’ll never be CCFC that own the operating company, it’ll be Otium or whoever.

Otium are CCFC

 

[Rusty Trombone]

What did he pay for his 85% stake in CCFC?

I'm reading the statement that he's had an offer accepted, he doesn't own a stake yet (and I don't believe there is any intention for this sale to happen).

 

[MAFF]

CWR Breakfast with Phil Upton - Doug King: prospective Sky Blues owner's first interview - BBC Sounds

Doug King has been talking to BBC CWR reporter Simon Gilbert.

www.bbc.co.uk

Full interview

 

[Sky Blue Pete]

Nope, just a businessman, no mention of MR.
He has links with Sisu, and even shares a London office with Sisu, and part of his business empire is a hedge fund!

Well I think it clear he’s not a part of sisu but expect cynics to see it that way

On cwr in 5 mins

 

[matesx]

He said "super" far too often.

Definite charlatan.

 

[fatso]

He

What did he pay for his 85% stake in CCFC?

hasn't paid anything as yet, he's just reached an agreement. (That's my understanding)
My guess is the agreement "could" depend on him securing the Arena. If he fails to secure the Arena then all bets may be off.

 

[Londonccfcfan]

Also if

Doesn’t feel right to me this.
so out of the blue - who is this geezer? What the hell does he want with coventry city?
Fair enough if the ‘local businessman’ was someone we’d heard of and knew was actually interested in football and/or a fan.
The fact he also said about sisu did well bringing the club back to coventry - it was them that fucking took us out of coventry?!

my theory is it’s all about the stadium, then either he will sell back his shares to the other shareholders i.e sisu and they’ve got it through the back door.

either way we all know that if the company that owns the brand that is coventry city football club owns acl then it will only be rented back to the football club anyway. It’ll never be CCFC that own the operating company, it’ll be Otium or whoever.

Also if he was long term admirer...whatever the fuck that means. More bullshit.

Why hasnt he ever sponsored the club in some way shape or form with his diverse range of businesses.

 

[fatso]

Well I think it clear he’s not a part of sisu but expect cynics to see it that way

On cwr in 5 mins

He will be a part owner WITH Sisu if this deal goes ahead.

 

[Londonccfcfan]

Doesn’t feel right to me this.
so out of the blue - who is this geezer? What the hell does he want with coventry city?
Fair enough if the ‘local businessman’ was someone we’d heard of and knew was actually interested in football and/or a fan.
The fact he also said about sisu did well bringing the club back to coventry - it was them that fucking took us out of coventry?!

my theory is it’s all about the stadium, then either he will sell back his shares to the other shareholders i.e sisu and they’ve got it through the back door.

either way we all know that if the company that owns the brand that is coventry city football club owns acl then it will only be rented back to the football club anyway. It’ll never be CCFC that own the operating company, it’ll be Otium or whoever.

Im thinking id rather have MA own the ground than Than some form of SISU in disguise.

 

[Macca]

Ignore this charade and concentrate on MA

 

[SBT]

Only one I can answer with moderate confidence is the "shorting oil" one. If he's made a fortune out of it I think that implies that he closed his position (i.e. took his profit) long before it went back up to current levels.

i would imagine he closed out his position to make his fortune lol

Well yeah, obviously you have to close your position to realise the gains - I just think it’s striking that his two periods of success happened to coincide with extremely low oil prices, whereas the year when oil prices hit a modern record saw him be named “the worst hedge fund manager in the world”.

And then you have this price prediction from six months ago, and I have to wonder how our new owner’s portfolio is looking as we head into a global recession:

 

[Sky Blue Harry H]

my theory is it’s all about the stadium, then either he will sell back his shares to the other shareholders i.e sisu and they’ve got it through the back door.

That was my eventual suspicion, but still a guess based on not much.

 

[HuckerbyDublinWhelan]

That was my eventual suspicion, but still a guess based on not much.

my theory is it’s all about the stadium, then either he will sell back his shares to the other shareholders i.e sisu and they’ve got it through the back door.
.

I don’t get your issue - as long as the club and stadium are owned by one entity, I say crack on

 

[Londonccfcfan]

Well yeah, obviously you have to close your position to realise the gains - I just think it’s striking that his two periods of success happened to coincide with extremely low oil prices, whereas the year when oil prices hit a modern record saw him be named “the worst hedge fund manager in the world”.

And then you have this price prediction from six months ago, and I have to wonder how our new owner’s portfolio is looking as we head into a global recession:
View attachment 27309

Good job he didnt try to short that.

 

[Gynnsthetonic]

He said "super" far too often.

Definite charlatan.

Jim Bowen
Super smashing great

 

[David O'Day]

Nope, just a businessman, no mention of MR.
He has links with Sisu, and even shares a London office with Sisu, and part of his business empire is a hedge fund!

he doesn't share an office with sisu