Doug King Takeover (6 Viewers)

[Calista]

King runs a fund doesn't he, so presumably the money really comes from people in the background. Is that the 'Americans' Saddlebrains mentioned?

 

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[slowpoke]

Wonder what the Hoffman take is ?

 

[Brighton Sky Blue]

Their 15% stake does now seem a little futile. Surely they may as well just not sell at all or sell up entirely.

Go back on the sale to King and get straight up cash from Ashley. I don’t see what’s in it for King either.

If his plan is to build another stadium rather than sell to an owner in one already built, that just sounds daft

 

[jordan210]

Not sure who has annoyed me more today. Mike Ashley or Jeremy Hunt

 

[jordan210]

King is a Norwich fan

 

[Super Graham Withey]

Wonder what the Hoffman take is ?

He'll be our Chairman by this time next year

 

[Londonccfcfan]

Wonder if one of these was SISU ?!

Another offer started at £35m as due diligence went on, reduced to £25m, then £15m, then £10m.

An offer of £18m was received with no bridging funding.

Strange how everyones due dilligence varies by so much lol one went down to £10M. Obviously MA sees lots of value and upside in his investement.

 

[AFCCOVENTRY]

Not sure who has annoyed me more today. Mike Ashley or Jeremy Hunt

Wait until you hear the CCC statement later today and let me know…

 

[oldskyblue58]

In case anyone is interested the Yelo Enterprises Ltd financials can be found here

YELO ENTERPRISES LTD filing history - Find and update company information - GOV.UK (company-information.service.gov.uk)

 

[Grendel]

oh grenners, i've just posted a link to back up what i said

should read the whole thread and people won't laugh at you

also i see acl was almost as skint as you

I will go threw it and see whose laughing

 

[AFCCOVENTRY]

Strange how everyones due dilligence varies by so much lol one went down to £10M. Obviously MA sees lots of value and upside in his investement.

Does make you wonder on what basis King proclaimed a £25m offer this morning. All finger in the air knowing he wasn’t getting the stadium. Nice bit of PR.

 

[wingy]

Do we wonder which one potentially was Sisu and partners?
*35N down to £10M ultimately?

 

[quinn1971]

Wait until you hear the CCC statement later today and let me know…

duggins has just piped up on twitter

 

[Broken Hearted Sky Blue]

Yeah I mean from this administration.

Oh ok

 

[wingy]

Has Murray said anything he's MA son in law ,now head of Frasers thought I caught a bit somewhere?

 

[Nick]

duggins has just piped up on twitter

What saying

 

[Brighton Sky Blue]

Not sure who has annoyed me more today. Mike Ashley or Jeremy Hunt

Neither

 

[AFCCOVENTRY]

 

[AFCCOVENTRY]

 

[AFCCOVENTRY]

 

[wingy]

Reappraisal of Clubs value to purchaser £30M?£35M?£40M?

 

[Dickie]

So they made the bigger offer to look good, knowing it would be rejected?

 

[shmmeee]

Do we wonder which one potentially was Sisu and partners?
*35N down to £10M ultimately?

Sisu didn’t bid. they couldn’t afford it.

 

[Paxman II]

Well it's the outcome I expected. Not sure why King would take 85% of SISU's ownership without the arena? i think this will fall away and it will be Ashley that SISU have to broker a deal with. I guess SISU had hoped King's inclusion would ive them more gravitas in negotiation with Ashley - another failed idea. Ashley will screw SISU. King won't be there to get screwed over.
Does Ashley want the football club? of course he does, if only for the greater publicity and PR it offers him. It's a bargain knock down price as he already owns the stadium.
Oh there is lots more to come on this for sure.

 

[wingy]

Sisu didn’t bid. they couldn’t afford it.

Yeah according to King but the yanks where it was being suggested they were blocked out?

 

[shmmeee]

Yeah according to King but the yanks where it was being suggested they were blocked out?

I don’t think they ever bid, I don’t think SaddleBrains rumour matches up anyway, King says talks started with Joy after the exclusivity deal was signed. I’d have expected them to say something if they’d been shut out and King has bought 85% not 51% so it doesn’t really add up.

I’d expect the bidders were the ones we heard of, plus a few chancers like the ones who didn’t realise what they were bidding for.

 

[Sky Blue Pete]

On radio again at 5:40pm

 

[rexo87]

On radio again at 5:40pm

a new interview?

 

[shmmeee]

On radio again at 5:40pm

You are?

 

[Grendel]

So when is the great stadium heist episode 26 by joy Seppala coming?

 

[Ashdown]

Aren’t we starting the new stadium at Warwick Uni soon ?

 

[Philosorapter]

Does he mean council or council?

 

[Pusb1]

the one thing in all of this

by King saying Joy has "Run out of money" and "couldn't afford the stadium."

shows what we all know that their Warwick uni stadium plans were BS all along. They'd have known this all along and SISU really need to be challenged on that

 

[Sky Blue Pete]

You are?

Yep

 

[NorthernWisdom]

Aren’t we starting the new stadium at Warwick Uni soon ?

It's been built, haven't you noticed?