Doug King Takeover (14 Viewers)

chiefdave · Jan 1, 2023

Sounds more to me like Robins hoping for the best than him having any info. His actual quote is "Fingers crossed it’s Tuesday, fingers crossed. I don’t know but fingers crossed it’s at the earliest"

Saddlebrains said:
We need it, because we dont go any further than this at best under sisu

We will go backwards fast. SISU have clearly had enough and can't / won't put more money in so we'll at best be looking at one out one in or trying to ship out players on wages higher than their performances justify

Brighton Sky Blue · Jan 1, 2023

chiefdave said:
Sounds more to me like Robins hoping for the best than him having any info. His actual quote is "Fingers crossed it’s Tuesday, fingers crossed. I don’t know but fingers crossed it’s at the earliest"

We will go backwards fast. SISU have clearly had enough and can't / won't put more money in so we'll at best be looking at one out one in or trying to ship out players on wages higher than their performances justify

It sounds almost like he has the signings ready to go but it’s being messed up by the delay.

jim20 · Jan 1, 2023

Brighton Sky Blue said:
It sounds almost like he has the signings ready to go but it’s being messed up by the delay.

looking from the outside, it looks like the EFL are causing us the problems, it shouldn’t take this long to rubber stamp a takeover.

skybluetony176 · Jan 1, 2023

jim20 said:
looking from the outside, it looks like the EFL are causing us the problems, it shouldn’t take this long to rubber stamp a takeover.

Either that or SISU/King are deliberately dragging it out.

chiefdave · Jan 1, 2023

Brighton Sky Blue said:
It sounds almost like he has the signings ready to go but it’s being messed up by the delay.

Wasn't there an interview with someone, maybe Boddy, who said they were normally working about 12 months ahead of transfers so there are likely to be people they want and the longer into the window we get the more likely we are to miss out

kingfield park skyblues · Jan 1, 2023

EFL are checking the small print, what debts sisu are leaving payback rate interest rates. etc

long way home · Jan 2, 2023

The EFL for once seem to be looking hard and with Sisu around it makes sense. Its frustrating for us fans but im sure they are well aware of all. I still think MA is waiting in the wings or may even prefer to deal with King than Sisu which could be one of the same but probably less difficult with King at the other end of the table

CDK · Jan 2, 2023

skybluetony176 said:
Either that or SISU/King are deliberately dragging it out.

There were certain fans saying it was a publicity stunt by a sisu plant in form of king,think we will soon find out!

GaryPendrysEyes · Jan 2, 2023

I suspect an EFL ‘fit and proper’ owner test doesn’t look at that much detail. Although you’d think they’d look at us with as much detail as procedures allow, given our painful history.
I also suspect the length of time is more about the holiday period and staff availability (their staff and whoever they get to run checks).
Generally, the silence of King is worrying. If he thought it was a formality surely he’s be excited and piping up about vision and plans etc…

Tommo1993 · Jan 2, 2023

Takeover not confirmed until the afternoon of January 31st.

“Oh no, look what happened. Now we can’t do any business”

Robinshio · Jan 2, 2023

Hobo said:
Sounds like Grendels style of management.

Clearly 2nd or 3rd choice when the preferred candidates went elsewhere
Would be like us having to settle for storey

letsallsingtogether · Jan 2, 2023

nicksar said:
Years ago I went for an interview at Land Rover heard nothing for three months then got a phone call on a Thursday morning at 7am asking if I could start on Monday...they gave me an hour to confirm!!!.

I Had the same at Magna in Banbury was told I got the job then waited nearly 2 months to hear again about a starting date.

JimmyHillsbeard · Jan 2, 2023

You’re interviewed for a job, are offered it. All parties accept terms including salary but HR don’t provide a contract to sign until the very last minute or actually after you’ve technically started.

Happens pretty much all the time in my profession.

SkyblueDad · Jan 2, 2023

As frustrating all this delay is we want it done correct and thorough especially with sisu still hanging onto the shirt tails, got a feeling we will know one way or the other in the next week.

Grendel · Jan 2, 2023

oldfiver said:
Brother and guests were

Excellent

Sbarcher · Jan 2, 2023

JimmyHillsbeard said:
You’re interviewed for a job, are offered it. All parties accept terms including salary but HR don’t provide a contract to sign until the very last minute or actually after you’ve technically started.

Happens pretty much all the time in my profession.

Well, maybe you should think about moving out of HR.

clint van damme · Jan 2, 2023

Grendel said:
Excellent

They walk among us

skyblu3sk · Jan 2, 2023

JimmyHillsbeard said:
You’re interviewed for a job, are offered it. All parties accept terms including salary but HR don’t provide a contract to sign until the very last minute or actually after you’ve technically started.

Happens pretty much all the time in my profession.

Or just refuse to resign until they provide a signed contract.

Macca · Jan 2, 2023

Saddlebrains said:
I will say this now

However much i dont believe this will happen, i really really hope it does.

We need it, because we dont go any further than this at best under sisu

100% my thoughts on both points. However the takeover is meaningless unless it leads to serious squad improvement. If it happens and it’s all a sham then makes no odds

Happy_Martian · Jan 2, 2023

shmmeee said:
That’s a lot of words but doesn’t change the fact King is unable to arrange a new deal until the takeover is approved. I get you’ve got questions and they’re fair ones, but complaining someone who hasn’t been approved to have significant control over the club hasn’t signed a long term deal on behalf of the club isn’t one of them.

Just read this and first thought was "That's what Fraser Group reportedly did to our licence" and what a lot of speculation here was about at the time of the administration hearing. Different but still very similar.

I know this has been explained to me before but I still can't see why King can't "invest" £25mill in SiSu. SiSu say their investors are private which could protect them, King and the club. Where they use that money is then their decision, not Kings. So if they chose to hand that money over to CCFC for the club to use to their best interest (eg. transfers), everything is above board and legal (to my mind at least).

shmmeee · Jan 2, 2023

Happy_Martian said:
Just read this and first thought was "That's what Fraser Group reportedly did to our licence" and what a lot of speculation here was about at the time of the administration hearing. Different but still very similar.

I know this has been explained to me before but I still can't see why King can't "invest" £25mill in SiSu. SiSu say their investors are private which could protect them, King and the club. Where they use that money is then their decision, not Kings. So if they chose to hand that money over to CCFC for the club to use to their best interest (eg. transfers), everything is above board and legal (to my mind at least).

Im not sure the EFL would look too kindly on that. Also I get the impression Sisu want out.

itsabuzzard · Jan 2, 2023

clint van damme said:
They walk among us

Shapeshifters?

Sent from my MAR-LX1A using Tapatalk

clint van damme · Jan 2, 2023

itsabuzzard said:
Shapeshifters?

Sent from my MAR-LX1A using Tapatalk

Or as Will King would say, shaveshifters

ceetee · Jan 2, 2023

clint van damme said:
Or as Will King would say, shaveshifters

Strangely I read that as shitshavers

itsabuzzard · Jan 2, 2023

ceetee said:
Strangely I read that as shitshavers

They'll be out there too.

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SkyBlueSoul · Jan 2, 2023

ceetee said:
Strangely I read that as shitshavers

Leave Storey out of this

Sky Blue Pete · Jan 2, 2023

All these job stories to prove the analogy was just rubbish makes me

rexo87 · Jan 2, 2023

Major update on Coventry City takeover as timescale agreed and put in place

Coventry City takeover news from CoventryLive as proposed new owner Doug King edges closer to completing deal

www.coventrytelegraph.net

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Grendel · Jan 2, 2023

Happy_Martian said:
Just read this and first thought was "That's what Fraser Group reportedly did to our licence" and what a lot of speculation here was about at the time of the administration hearing. Different but still very similar.

I know this has been explained to me before but I still can't see why King can't "invest" £25mill in SiSu. SiSu say their investors are private which could protect them, King and the club. Where they use that money is then their decision, not Kings. So if they chose to hand that money over to CCFC for the club to use to their best interest (eg. transfers), everything is above board and legal (to my mind at least).

I assume king or someone is aiding monthly cash flow as the club on average I’d assume is losing half a million a month

Kieranp96 · Jan 2, 2023

Finally a bit of news flying around

skybluetony176 · Jan 2, 2023

rexo87 said:
Major update on Coventry City takeover as timescale agreed and put in place

Coventry City takeover news from CoventryLive as proposed new owner Doug King edges closer to completing deal

www.coventrytelegraph.net

Sent from my SM-G991B using Tapatalk

Interesting that they say it’s a case of getting everything in line rather than waiting for the EFL to rubber stamp it on return from Xmas holidays. I keep bringing it up but Gillinghams takeover was announced almost 2 weeks after ours but rubber stamped by the EFL before Xmas. How come Gillingham and their new owner could get their T’s crossed and I’s dotted but we can’t?

shmmeee · Jan 2, 2023

skybluetony176 said:
Interesting that they say it’s a case of getting everything in line rather than waiting for the EFL to rubber stamp it on return from Xmas holidays. I keep bringing it up but Gillinghams takeover was announced almost 2 weeks after ours but rubber stamped by the EFL before Xmas. How come Gillingham and their new owner could get their T’s crossed and I’s dotted but we can’t?

Each one is unique isn’t is?

CCFC54321 · Jan 2, 2023

nicksar said:
Years ago I went for an interview at Land Rover heard nothing for three months then got a phone call on a Thursday morning at 7am asking if I could start on Monday...they gave me an hour to confirm!!!.

There interviews are ‘interesting’ You would think they are interviewing for NASA technicians!

fernandopartridge · Jan 2, 2023

Saddlebrains said:
I made a joking tweet a few weeks back claiming hes pretending to take us over to get in the posh seats for free

Shit like this actually makes that less of a piss take and closer to reality

Jesus wept

ProfessorbyGrace · Jan 2, 2023

Would the whole process have gone this far if it wasn’t a legitimate takeover bid?

I imagine it’s probably a more complex agreement, than say, Gillingham. The article says that they’re still ‘crossing i’s and dotting t’s’, so won’t that push the EFL’s approval back further than a week?

Doug King Takeover (14 Viewers)

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