oldskyblue58
CCFC Finance Director
This is getting silly :banghead:
Leave aside Mr Evans. When was the last time anyone saw SISU moved this quick on anything, or without proper legal representation, NDA's, warning letters, credit checks, etc let alone allow it to be done publically unless they started it and as for verbally................
Will need to have agreement from the EFL wont he for a deal to have been done. That takes time
The only bit I could believe, if Evans has the money and I don't know if he does or doesn't, is that he might seek to join up with the consortium that is already established.
What has been displayed so far might be good intentions but it makes me very concerned about how the club might be run should he ever acquire it. If he can back his claims of wealth up then I would think SISU are sitting there dreaming up ways to extract the maximum amount from him. That is if they are of a mind to sell at all..... and I do not think they are.
If he or anyone else is buying the shares in Otium Entertainment Group Limited then frankly I think they are off their trolley. You buy the assets and leave the debt behind. Why would you even then write SISU an open cheque by disclosing your wealth to anyone that will listen
a few guesstimate figures to think about
cost of acquisition could easily be upwards of £500k in professional fees? (SISU paid out 271k in 2008 to acquire the club)
initial cost of "club" (not the actual value on paper of course) but upwards of £10m I would guess based on having to clear ARVO who in 2016 accounts were owed 12m (they are probably owed more now because of the interest accruing)
Working capital over next 3 years probably upwards of £5m to cover losses and player acquisitions. get promotion to Championship it could easily be more than that just to compete
Yes increased crowds but that is going to be eaten up by increased wage costs the higher up we go. Promotion also brings bonuses for players and contractual wage increases
State of art training ground & academy £10m plus? (Fleetwoods was £9m)
Performance payments to SISU ? Think what Hoffman was prepared to offer previously - that has to be financed from somewhere.
That's upwards of £25m for the whole deal.....
For an apparently successful poker player why the hell does he keep showing SISU and everyone else his hand. It just puts the price up!
Most that will come of this, if he has the wealth he says, is that he becomes part of the consortium...... and I am not convinced of that as it stands
Leave aside Mr Evans. When was the last time anyone saw SISU moved this quick on anything, or without proper legal representation, NDA's, warning letters, credit checks, etc let alone allow it to be done publically unless they started it and as for verbally................
Will need to have agreement from the EFL wont he for a deal to have been done. That takes time
The only bit I could believe, if Evans has the money and I don't know if he does or doesn't, is that he might seek to join up with the consortium that is already established.
What has been displayed so far might be good intentions but it makes me very concerned about how the club might be run should he ever acquire it. If he can back his claims of wealth up then I would think SISU are sitting there dreaming up ways to extract the maximum amount from him. That is if they are of a mind to sell at all..... and I do not think they are.
If he or anyone else is buying the shares in Otium Entertainment Group Limited then frankly I think they are off their trolley. You buy the assets and leave the debt behind. Why would you even then write SISU an open cheque by disclosing your wealth to anyone that will listen
a few guesstimate figures to think about
cost of acquisition could easily be upwards of £500k in professional fees? (SISU paid out 271k in 2008 to acquire the club)
initial cost of "club" (not the actual value on paper of course) but upwards of £10m I would guess based on having to clear ARVO who in 2016 accounts were owed 12m (they are probably owed more now because of the interest accruing)
Working capital over next 3 years probably upwards of £5m to cover losses and player acquisitions. get promotion to Championship it could easily be more than that just to compete
Yes increased crowds but that is going to be eaten up by increased wage costs the higher up we go. Promotion also brings bonuses for players and contractual wage increases
State of art training ground & academy £10m plus? (Fleetwoods was £9m)
Performance payments to SISU ? Think what Hoffman was prepared to offer previously - that has to be financed from somewhere.
That's upwards of £25m for the whole deal.....
For an apparently successful poker player why the hell does he keep showing SISU and everyone else his hand. It just puts the price up!
Most that will come of this, if he has the wealth he says, is that he becomes part of the consortium...... and I am not convinced of that as it stands
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