Doug King Takeover (42 Viewers)

[BornSlippySkyBlue]

@duffer

 

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[CCFCSteve]

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

Dust down those plans Doug….

 

[MalcSB]

Frasers Group secures purchase of Coventry Building Society Arena — Coventry Building Society Arena

Andrew Sheridan and Raj Mittal, Partners at specialist business advisory firm, FRP have been appointed as joint administrators of Arena Coventry Limited (ACL), Arena Coventry (2006) Limited and IEC Experience Limited. Upon appointment the Joint Administrators immediately completed the sale of the b

www.coventrybuildingsocietyarena.co.uk

Thanks to Coventry City for collaboration, too...

And no mention of Wasps.

 

[Deleted member 5849]

And no mention of Wasps.

Indeed. As I said earlier, probably a bit much to read it all into a bit of blurb written on the hoof, but we can but hope eh...

Duggins hasn't mentioned Wasps in his tweets after the purchase, either. Maybe theyre being written out of history.

 

[Sky Blue Pete]

Yep

5:20 now

 

[MalcSB]

How have they collaborated with coventry city ? Out of curiosity

The funds CCFC put in to get home games on at the arena?

 

[Briles]

@duffer

I was drunk. And it wasn't crayon it was felt tip. Phillistines

 

[aviles]

Another depressing day as a Coventry supporter. It does make you wonder what the announcement of DK’s takeover last night was all about. Surely sisu and DK knew they didn’t have a cats chance in getting the stadium. The only thing I can now think of (hope for) is it was a play to make the club more valuable if Ashley comes knocking… being debt free and no long in need of money (so it seems), we are no longer in a position where Ashley can try and force a cheap sale of the club. Who knows what’s going to happen next, feeling pretty deflated right now

 

[Philosoraptor]

Just out of curiosity.

Does anyone know who is in charge at the sky blue trust.

They haven't updated their site since telling everyone there was an AGM.

That's around 4 months ago.

 

[lord_garrincha]

Yep

Will you be responding to the rumours that car park C will be converted into a Sports Direct sweatsho... sorry... distribution centre?

 

[rexo87]

if anyone wants to listen to their inspirational local leader Duggins he's on CWR in a few mins

 

[shmmeee]

if anyone wants to listen to their inspirational local leader Duggins he's on CWR in a few mins

Same time as @Sky Blue Pete ??

 

[rexo87]

Same time as @Sky Blue Pete ??

Pete is Duggins?!

 

[Gynnsthetonic]

Oh ffs, Duggins on CWR

 

[rexo87]

according to duggins we have a 'long term home'

 

[MalcSB]

Another depressing day as a Coventry supporter. It does make you wonder what the announcement of DK’s takeover last night was all about. Surely sisu and DK knew they didn’t have a cats chance in getting the stadium. The only thing I can now think of (hope for) is it was a play to make the club more valuable if Ashley comes knocking… being debt free and no long in need of money (so it seems), we are no longer in a position where Ashley can try and force a cheap sale of the club. Who knows what’s going to happen next, feeling pretty deflated right now

It could always be as simple as Sisu have sold an 85% stake in the football club to DK. Give the bloke a chance, and if he turns out to be Michael Knighton in disguise then pillory him. If he gets EFL approval and no players are sold in January, that would be a good start. He has also said he is not keen on constant litigation, another bonus.

 

[the rumpo kid]

The way I see it now, sisu have three options.
1. Sell to Mike Ashley
2. Use the Doug king money to make a massive bid for promotion, then sell a premier League club.
3. Assets strip, sell anyone they can get a £ for and offer what's left to the highest bidder.


Guess which one I think the vindictive hedge fund will go for ?

 

[rexo87]

Duggins didnt know about the bid until last night

 

[The Philosopher]

Just out of curiosity.

Does anyone know who is in charge at the sky blue trust.

They haven't updated their site since telling everyone there was an AGM.

That's around 4 months ago.

Just out of curiosity.

Does anyone know who is in charge at the sky blues

They haven't updated their site since telling everyone they were bidding for the stadium

 

[Philosoraptor]

He sounds exhausted.

 

[rexo87]

We should all thank the council for building the CBS apparently and no responsibility whatsoever for what's happened

 

[rexo87]

so defensive

 

[shepardo01]

Just out of curiosity.

Does anyone know who is in charge at the sky blue trust.

They haven't updated their site since telling everyone there was an AGM.

That's around 4 months ago.

Derek Richardson.... he's been a bit busy

 

[Brighton Sky Blue]

Duggins sounds very argumentative and defensive about the Wasps failure

 

[rexo87]

fun drinking game would be a shot for every time he says regeneration

 

[MusicDating]

Another depressing day as a Coventry supporter. It does make you wonder what the announcement of DK’s takeover last night was all about. Surely sisu and DK knew they didn’t have a cats chance in getting the stadium. The only thing I can now think of (hope for) is it was a play to make the club more valuable if Ashley comes knocking… being debt free and no long in need of money (so it seems), we are no longer in a position where Ashley can try and force a cheap sale of the club. Who knows what’s going to happen next, feeling pretty deflated right now

I really don't see how either new owners benefit by trying to distress the other now. It would reduce revenue and the value of the club if we moved elsewhere/got relegated.

And if Ashley is interested in buying us (as surely he must be), it would cost more to bring us back to the level we are now.

So, IMO it's uncertain, but not depressing

 

[Philosoraptor]

fun drinking game would be a shot for every time he says regeneration

It's a buzzword like Brexit.

 

[MalcSB]

The way I see it now, sisu have three options.
1. Sell to Mike Ashley
2. Use the Doug king money to make a massive bid for promotion, then sell a premier League club.
3. Assets strip, sell anyone they can get a £ for and offer what's left to the highest bidder.


Guess which one I think the vindictive hedge fund will go for ?

The wrong one.

 

[rexo87]

hes finished

summary:

he loves Ashley
everybody should be friends
everyone should love the council as they built the stadium and got games on in last few weeks
regeneration, regeneration, regeneration

 

[ceetee]

The way I see it now, sisu have three options.
1. Sell to Mike Ashley
2. Use the Doug king money to make a massive bid for promotion, then sell a premier League club.
3. Assets strip, sell anyone they can get a £ for and offer what's left to the highest bidder.


Guess which one I think the vindictive hedge fund will go for ?

Are you suggesting that Doug King will put in £?millions so that SISU can control a business that they only have a 15% share in?

 

[Robinshio]

so
1. is king still in charge
2. is he interested in investing in the football club
3. will he be building a new ground or working with ashley
4 or is this another 15 years of pain

I have no idea whether to plan for champions league or national league

 

[Philosoraptor]

Christ, listening to 'Islands in the Stream'.

Doesn't get much worse than this.

 

[MalcSB]

so
1. is king still in charge
2. is he interested in investing in the football club
3. will he be building a new ground or working with ashley
4 or is this another 15 years of pain

I have no idea whether to plan for champions league or national league

1. Not yet, needs EFL approval
2. He says he is
3. Working with Ashley
4. Who the fuck knows

 

[jordan210]

Surprise surprise

The chief executive of Coventry City Council escaped a no-confidence vote, it has emerged, as the proposal for a motion was not backed by enough councillors at a Labour group meeting.

 

[jordan210]