Doug King Takeover (36 Viewers)

[Grendel]

So Doug (us) are offering £25M and MA only £17M?

Well that’s the sounbyte to cause some trouble down the road

it’s subject to due diligence so that’s the headline figure

 

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[duffer]

Did Simon Gilbert ask him what his perfect Sunday is? Shit interview if not.

Are you back here posting about non football stuff again mate? You're going to make someone angry....

 

[Sky Blue Pete]

I mean there is undoubtedly a lot of, none to subtle, smoke and mirrors in this.
Joy’s hand is all over it. She’s basically found an entity to come in and front a bid for the stadium she’s been after for years.
She’s still acting as if she’s in charge.

Um not sure I heard her on the radio this morning

 

[clint van damme]

This is just a ploy to get Ashley to bid for the club isn't it?

 

[Grendel]

Um not sure I heard her on the radio this morning

hjs association with the co founder of Sisu just a co-incidence?

 

[Sky Blue Pete]

Seems like a load of Sisu bollocks to me

From me? Wow

 

[skybluetony176]

On a serious note did SG get confirmation on who will own 85% of CCFC? Doug personally or his Singapore based hedge fund?

 

[GaryPendrysEyes]

Do you think Super King’s lawyers are better than Sisu’s. Or are they exactly the same?
I suspect MA might have some decent lawyers.
This should be all over fairly quickly though, hopefully. One way or another.

 

[Saddlebrains]

That club statement today stinks of desperation

 

[shmmeee]

Probably…wasn’t he recently talking about signings in January?

King says he hasn’t spoken to Robins at all

 

[MusicDating]

So Doug (us) are offering £25M and MA only £17M?

Yes. If only Doug had took over a few weeks ago and could've been the preferred bidder...

I mentioned previously about SISU silence and fully expected a too little, too late statement of 'oh but we tried really really hard to bid', which today's statement reads like. Obvs didn't expect the sale last night! Was that so CCFC can say 'we're not SISU anymore, no reason not to sell to us'?

 

[shmmeee]

All just seems well dodgy.

Yet to see any evidence that this bloke knows anything about the club or is particularly interested in the football side of things.

He knows the managers name is Mark and that we won the last four (which i think all happened since his negotiations started)

 

[Mild-Mannered Janitor]

All joking aside, tried it mate, genuinely.

I wrote very politely to the (potential) administrator asking, "if it were possible to develop a supporter-led buy out of ACL, what is the path to involving ourselves in the process?". No reply.

I get that he might have thought that I was having a laugh, but at the same time that's an opportunity missed by the person who is supposed to be looking for the best deal for the creditors.

I would have at least expected, "come back with proof of funds and we'll talk".

Is that because it’s not in administration yet? They have very specific guidelines to dispose of assets and probably pre administration, have to act on behalf of the bond holders, if no going concern solution found, administration and then it’s open to bidders and then that could be a viable option subject to fans and funding solution.
Ashley has tried to secure a preferred position pre admin so I am not sure anyone else, including the club, can actually bid until that exclusivity period has passed or goes into formal administration

 

[skybluetony176]

So Doug (us) are offering £25M and MA only £17M?

Presumably that’s £17m after due diligence whereas £25m is before they get in We Buy Any Car.com to do due diligence.

 

[skybluepm2]

This is just a ploy to get Ashley to bid for the club isn't it?

Potentially. May add a few million to the asking price.

On the face of it, the sounds coming out of King and Seppala are that we are likely to be in a better position as a club, irrespective of whether we get the ground or not. I remain skeptical that’ll be the case, should Ashley be successful today. However, this bloke has put his neck and credibility on the line to just be the face in another SISU charade, surely? Time will tell I guess.

 

[fatso]

All joking aside, tried it mate, genuinely.

I wrote very politely to the (potential) administrator asking, "if it were possible to develop a supporter-led buy out of ACL, what is the path to involving ourselves in the process?". No reply.

I get that he might have thought that I was having a laugh, but at the same time that's an opportunity missed by the person who is supposed to be looking for the best deal for the creditors.

I would have at least expected, "come back with proof of funds and we'll talk".

Did you expect a reply when MA has secured a period of exclusivity?
I'm sure that would prevent the administrator from entering into any dialogue with potential buyers!

 

[skybluepm2]

Do you think Super King’s lawyers are better than Sisu’s. Or are they exactly the same?
I suspect MA might have some decent lawyers.
This should be all over fairly quickly though, hopefully. One way or another.

I believe King’s lawyers have more of a gentlemanly and less aggressive approach, merely roughing up people in court, as opposed to battering.

 

[skybluetony176]

This is just a ploy to get Ashley to bid for the club isn't it?

My gut is telling me that it’s either that or setting the stage for more JR’s. Or both, set the scene for more JR’s in an effort to strengthen their arm ahead of negotiating to sell the club to MA. Pay us this much and we’ll drop the JR’s.

 

[Otis]

If King really said no sales in January he's off his trolley. If Gyokeres wants to go, he'll go. Same for O'Hare.

 

[shmmeee]

Did you expect a reply when MA has secured a period of exclusivity?
I'm sure that would prevent the administrator from entering into any dialogue with potential buyers!

Dawkins got a reply. It said no but it was a reply.

I suspect it’s proof of funds that would be the issue with taking it seriously.

 

[duffer]

Yes. If only Doug had took over a few weeks ago and could've been the preferred bidder...

I mentioned previously about SISU silence and fully expected a too little, too late statement of 'oh but we tried really really hard to bid', which today's statement reads like. Obvs didn't expect the sale last night! Was that so CCFC can say 'we're not SISU anymore, no reason not to sell to us'?

On the upside, if the sale is real and the debt to SISU/ARVO genuinely is cleared, whatever happens today I think we're in a better position than yesterday.

Different landlord, quite likely, and maybe one who wants to takeover the club ultimately too, but still better than being under Wasps with SISU slowly milking away any profit.

Just mho, obviously.

 

[Nick]

Yes. If only Doug had took over a few weeks ago and could've been the preferred bidder...

I mentioned previously about SISU silence and fully expected a too little, too late statement of 'oh but we tried really really hard to bid', which today's statement reads like. Obvs didn't expect the sale last night! Was that so CCFC can say 'we're not SISU anymore, no reason not to sell to us'?

He literally said joy didn't have the money and it's him doing it.

So more like she literally couldn't regardless of who fronted it.

 

[shmmeee]

If King really said no sales in January he's off his trolley. If Gyokeres wants to go, he'll go. Same for O'Hare.

That’s still quite different from “we can’t pay the HMRC and are close to admin cos we have unsustainable contracts so one of the big three needs to go asap” which seems to be the status quo.

 

[Deleted member 5849]

If King really said no sales in January he's off his trolley. If Gyokeres wants to go, he'll go. Same for O'Hare.

In his defence nobody, but nobody can take over the club, and start their first interview by saying yeah yeah yeah, half the playing squad will be off, can they?

 

[fatso]

Dawkins got a reply. It said no but it was a reply.

I suspect it’s proof of funds that would be the issue with taking it seriously.

Perhaps the administrator is snowed under by the number of people expressing a desire to buy the Arena.
I'm sure they will get round to saying no eventually.

 

[Liquid Gold]

Hopefully something comes out in the wash today and we have a clearer idea. I have a nasty feeling there will be a delay in the hearing and Ashley’s preferential status extended which would leave us in the dark still.

 

[David O'Day]

In his defence nobody, but nobody can take over the club, and start their first interview by saying yeah yeah yeah, half the playing squad will be off, can they?

Also I don't think Vik or O'Hare are going to down tools if the club wants to keep them until at least the end of the season

 

[duffer]

Did you expect a reply when MA has secured a period of exclusivity?
I'm sure that would prevent the administrator from entering into any dialogue with potential buyers!

I wrote well before that was announced as being in place.

Even then, the pending administrator could have replied to that effect without breaking any confidentially.

 

[Nick]

That’s still quite different from “we can’t pay the HMRC and are close to admin cos we have unsustainable contracts so one of the big three needs to go asap” which seems to be the status quo.

Where has the club said that?

It was for cashflow for HMRC with a payment plan wasn't it?

 

[Domo]

Lets say all this actually happens, and we own the stadium and wasps dont go bust, would you let Wasps rent the ground from us?

 

[Skyblueweeman]

Just got into work for the day.

Can't wait to do none of it

 

[robbiekeane]

Lets say all this actually happens, and we own the stadium and wasps dont go bust, would you let Wasps rent the ground from us?

No they can fuck off

 

[Sick Boy]

King says he hasn’t spoken to Robins at all

I meant he was probably told by Fisher or someone else.

 

[shmmeee]

Where has the club said that?

It was for cashflow for HMRC with a payment plan wasn't it?

The club hasn’t, the ITK poster who has been right about everything else and seems to have been told to shut up however.

There’s enough smoke with the Hyam sale, the HMRC thing, BSBs source talking about “Sisu said no more cash”, the talk of us selling O’Hare cheap if they paid up front, to assume we aren’t exactly swimming in it right now.

 

[fernandopartridge]

Do you think Super King’s lawyers are better than Sisu’s. Or are they exactly the same?
I suspect MA might have some decent lawyers.
This should be all over fairly quickly though, hopefully. One way or another.

Yes and you can crawl back under your rock