Doug King Takeover (29 Viewers)

[Gynnsthetonic]

The worst case is Ashley pulls out of bid, King (who is an associate of Joy) buys club and stadium, then sells both to Sisu. Council are done over, and we are stuck with Sisu.

Then Sisu don't get efl approval

 

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[Gynnsthetonic]

Why has Seppalla made a statement. Surely the new owner with said scarf round his neck would be gushing about purchasing the club

 

[wingy]

I don't think this is who was trying to buy stadium with them 2-3 weeks ago
And the timing of tonight is enough to tell me this is a Ponzi stunt.
Of the same skin to me

 

[Mcbean]

The rent discussions could be tricky if Ashley gets the stadium as the 10 year agreement is not valid after tomorrow

 

[Nick]

Why has Seppalla made a statement. Surely the new owner with said scarf round his neck would be gushing about purchasing the club

He did make a statement?

There's nothing to say it won't get EFL approval.

 

[Londonccfcfan]

I guess we will find out soon enough , personally , this has put a massive spanner in Mike Ashley's plan .. a plan I was all for il be honest

I dont think hes losing any sleep over it.

 

[OldBedrocker]

This means nothing. I must be plain dumb, im getting confused.

Strange wording isn’t it? As if there is a plan to add debt to the club at some point in the future

 

[jordan210]

Plot twist, Sisu sell Club to them selfs. Ccc think it’s a new owner and let them buy arena.

 

[theferret]

Why has Seppalla made a statement. Surely the new owner with said scarf round his neck would be gushing about purchasing the club

What, before it is rubber stamped by the EFL? Wouldn't have thought so.

 

[wingy]

OR that Ashley wasn't going to try and buy the club... just take it?

Or even that tbf

 

[SeaSeeEffCee]

Definitely all looks a bit dodgy at the moment. Hopefully will start to look less so as more comes out.

Just hope the club isn’t being used as a pawn yet again.

 

[skybluetony176]

I smell a rat on this Pete, I wouldn't be going all in on people that are sceptical.

People should read up a little bit on the history of Portsmouth before getting on board wholesale with tonight’s news. We know very little to zero details really. What is he paying? How is he paying? What’s in it for him? Why now? Who is he really? We’ve been spoon fed a very carefully picked pin hole of information about him.

Maybe he will prove to be the messiah who in decades to come fan’s will be erecting a statue of. On the other hand, SISU.

 

[nicksar]

So is he a local businessman because he has one business amongst many that just happens to be located in Stratford or is he actually from Coventry/Warwickshire?

Because on the former basis Coventry/Warwickshire has several Sports Directs so Mike Ashley is a local business man before he even builds his new HQ at Ansty.

There seems to be a lot of deliberate wordplay going on in briefings and statements.

You’ll forgive me if I don’t get the bunting out just yet. Years of SISU has taught me to be sceptical, before you even consider the what looks like very deliberate timing of all this.

Lives in Solihull I believe.

 

[wince]

So What will Doug King do ? If, Nothing to stop Mike Ashlely upping the rent in a a couple of years, then bringing Another Team ( Wasps 2 type) Would need to return to building fantasy stadium, High stakes for all, Tomorrow is going to be a long day

 

[I was eleven in 87]

Commodity trader buys Coventry City and launches late bid for CBS Arena | TheBusinessDesk.com

New owner has close links with former SISU Capital co-founder Dermot Coleman, TheBusinessDesk.com can reveal

www.thebusinessdesk.com

 

[SkyblueDad]

Why not just cut out the middle man and sell to Ashley?

Sell him 85% what’s the difference.

 

[CCFCSteve]

Strange wording isn’t it? As if there is a plan to add debt to the club at some point in the future

Presume it’s suggesting that SISUs liabilities/loans will cleared as part of the deal…and hmrc to enable release from embargo and go on a 100m spree in Jan

 

[no_loyalty]

Then Sisu don't get efl approval

We’d hope that was the case but we are talking about the EFL here.

 

[Otis]

Can we just wait and see? This is going the exact same way as the Wasps admin thread.

It's absolutely awful news/ it's totally fantastic news/not sure what the hell is going on.

 

[SkyblueDad]

Ther

MA would want to buy CCFC at a distressed rate - much harder now there is a new owner

There isn’t a new owner yet.

 

[pusbccfc]

So What will Doug King do ? If, Nothing to stop Mike Ashlely upping the rent in a a couple of years, then bringing Another Team ( Wasps 2 type) Would need to return to building fantasy stadium, High stakes for all, Tomorrow is going to be a long day

Which other team could realistically be suitable for that stadium? A big, historic rugby club failed. There's no other football club. Unless Ashley found a way of getting an American Football team to play their European matches at the CBS, the bowl itself is near useless without CCFC or a roof which turned it into a giant concert hall.

 

[Gynnsthetonic]

He did make a statement?

There's nothing to say it won't get EFL approval.

So he did, missed it at the bottom

 

[Brighton Sky Blue]

People should read up a little bit on the history of Portsmouth before getting on board wholesale with tonight’s news. We know very little to zero details really. What is he paying? How is he paying? What’s in it for him? Why now? Who is he really? We’ve been spoon fed a very carefully picked pin hole of information about him.

Maybe he will prove to be the messiah who in decades to come fan’s will be erecting a statue of. On the other hand, SISU.

Read both statements again. It looks not like Seppala is walking off into the sunset, but still working in partnership with King to try and get the stadium. Just much easier to argue if it's a 'local businessman' offering 'regeneration' and has clearly already got a lot of the fanbase on side.

Ashley put in £1.2 million so we could continue playing. What did SISU put in?

 

[Philosoraptor]

Maybe the foundations of an exchange of equity with whoever has exclusivity for bidding on the Arena for a shareholding in CCFC.

 

[Johnnythespider]

I guess we will find out soon enough , personally , this has put a massive spanner in Mike Ashley's plan .. a plan I was all for il be honest

If Kings wealth is as stated earlier in this thread I don't think it has.

 

[skybluetony176]

The rent discussions could be tricky if Ashley gets the stadium as the 10 year agreement is not valid after tomorrow

Isn’t that only in the case of liquidation? Otherwise the hotel, casino etc agreements wouldn’t stand either.

 

[robbiekeane]

Call me cynical but I feel like he’s another SISU frontman and this is just another plot to get the stadium. Great, business as usual

 

[Evo1883]

If Kings wealth is as stated earlier in this thread I don't think it has.

It has if Ashley's plan was to buy the football club on the cheap .. as stated earlier , this shows if him buying the stadium is JUST about the stadium now..

 

[Philosoraptor]

Personally, I wouldn't mind both players on board.

 

[Otis]

Call me cynical but I feel like he’s another SISU frontman and this is just another plot to get the stadium. Great, business as usual

I don't know why we ever get excited to be honest.

 

[Flying Fokker]

People should read up a little bit on the history of Portsmouth before getting on board wholesale with tonight’s news. We know very little to zero details really. What is he paying? How is he paying? What’s in it for him? Why now? Who is he really? We’ve been spoon fed a very carefully picked pin hole of information about him.

Maybe he will prove to be the messiah who in decades to come fan’s will be erecting a statue of. On the other hand, SISU.

Pompey went on their own journey. We are the closest we’ve been to resolving our own drama.

 

[eastwoodsdustman]

I cannot believe everyone is buying this utter bullshit,nots typical tactics from the corrupt world of football, a random stranger whos partner has a brother on the board of directors for sisu decides to put in a bid despite the fact he has ko interest in football.

Next you will all he telling me awarding the world cup to quatar was a fair and democratic pricess

Late to the party. The council usually mobilises before shit comes out. Sisu have definitely caught them on the hop this time.

 

[shepardo01]

The rent discussions could be tricky if Ashley gets the stadium as the 10 year agreement is not valid after tomorrow

The council have a choice to write into the deal that ccfc can keep the terms of original agreement.. I repeat, the council have a choice...

 

[Evo1883]

I don't know why we ever get excited to be honest.

I had too much coffee so will be excited until 5am

 

[Philosoraptor]

This shouldn't be an either or thing. If we can have the assumed wealth of both, then the more the better.