Doug King Takeover (7 Viewers)

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covmutley

Well-Known Member
How about.... King (sisu's mate remember) to offer his 85% to Ashley on basis that its the 'best thing for the club and stadium to be one' or a line like that. That makes it easy for Ashley to acquire, Sisu get to come along for the ride with their 15% on the hope Ashley gets us promoted and Sisu can say they did all they reasonably could
 
fatso

fatso

Well-Known Member
Evo1883 said:
Sisu will NEVER see a full return on that debt
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They could do if they stick around for 6 months, back MR with funds in Jan and get us promoted via the playoffs.

Then take the premier league money, the TV money the sponsorship money, sell Vik, O'hare, Hamer and Sheaf and anyone else they can (?) And sell what's left to MA.

That's the only realistic option to maximise their return, because as it stands they won't get much from MA now.
 
Briles

Briles

Well-Known Member
Ashley is no mug. He paid for exclusivity because he knew a late bid would come in. He ain't a billionaire without being business savvy. Wouldn't suprise me if king doesn't go through with the sale now. Although would make him a local pariah. Either way nothings really changed from where we were last week. It's a "debt wiping" name change like with otium. Officially the debts gone but the interest still piles in so maybe he will still go through with it. It's all a bit meh
 
The Philosopher

The Philosopher

Well-Known Member
Evo1883 said:
Sisu will NEVER see a full return on that debt
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That there is a problem. There was a chance they could have.

£17m for the stadium and then sell the lot for £75m

Stadium could be worth £35m, Squad etc. £40m

(….waits for some asshole to argue figures for sake of looking a c**t - you know who you are)

They had a real chance. Totally blew it.

I feel genuinely sorry for Joy, the Bondholders and the small creditors and those who’ve lost their jobs. Some seriously inept “big hitters” in this story.
 
fatso

fatso

Well-Known Member
covmutley said:
How about.... King (sisu's mate remember) to offer his 85% to Ashley on basis that its the 'best thing for the club and stadium to be one' or a line like that. That makes it easy for Ashley to acquire, Sisu get to come along for the ride with their 15% on the hope Ashley gets us promoted and Sisu can say they did all they reasonably could
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Ashley will only be interested in owning 100%.

And as it stands, king has not had any approval from the football league so he doesn't have any say.
 
The Philosopher

The Philosopher

Well-Known Member
covmutley said:
How about.... King (sisu's mate remember) to offer his 85% to Ashley on basis that its the 'best thing for the club and stadium to be one' or a line like that. That makes it easy for Ashley to acquire, Sisu get to come along for the ride with their 15% on the hope Ashley gets us promoted and Sisu can say they did all they reasonably could
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Yep, I’ve said that a couple of times. You might be right.
 
Philosoraptor

Philosoraptor

Well-Known Member
I'm going down the line now of whoever can provide better investment in the squad and facilities etc for city.
 
R

robbiethemole

Well-Known Member
The Philosopher said:
That there is a problem. There was a chance they could have.

£17m fit the stadium and then sell the lot for £75m

Stadium could be worth £35m, Squad etc. £40m

(….waits for some asshole to argue figures for sake of looking a c**t - you know who you are)

They had a real chance. Totally blew it.

I feel genuinely sorry for Joy, the Bondholders and the small creditors and those who’ve lost their jobs. Some seriously inept “big hitters” in this story.
Click to expand...

To think, they could have bought the Higgs 50% for about £7m and would have been in a much better position. Sorry for the little people? Absolutely Sorry for Joy? Not fucking likely.
 
Evo1883

Evo1883

Well-Known Member
fatso said:
They could do if they stick around for 6 months, back MR with funds in Jan and get us promoted via the playoffs.

Then take the premier league money, the TV money the sponsorship money, sell Vik, O'hare, Hamer and Sheaf and anyone else they can (?) And sell what's left to MA.

That's the only realistic option to maximise their return, because as it stands they won't get much from MA now.
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All well and good , but if we miss out it's more debt and no promotion .. they won't risk that
 
jordan210

jordan210

Well-Known Member
King out !!!!!!!!

giphy.gif
 
D

Deleted member 5849

Guest
The Philosopher said:
I said SISU couldn’t afford to sell for less than £60m and the club wasn’t necessarily worth that and they couldn’t crystallise their losses.

I’m not sure that was wrong.
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You've been spouting for however long absolute bollocks about the Arena sale price!
 
The Philosopher

The Philosopher

Well-Known Member
Deleted member 5849 said:
You've been spouting for however long absolute bollocks about the Arena sale price!
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That it would be £35m. Yep. Got that wrong. Clearly worth that and surprised that underhand tactics combined with gross ineptitude meant MA nicked it.

I’ll own my hubris. You’ve owned me chief.

However, if DK ups his £25m to £35m…..(unlikely)
 
D

Deleted member 5849

Guest
MalcSB said:
ACL not gone, is in administration so continues trading with existing contracts in place, including CCFC, exhibitions and concerts - just under a new owner.
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Frasers Group said:
We are delighted with the acquisition of the CBS Arena which will complement the Group’s existing portfolio of brands and investments. Through the acquisition, we are pleased to have been able to secure a long term future for the Arena, protecting jobs and supporting the local community. In particular, we are looking forward to working with Coventry City Football Club.
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Andrew Sheridan said:
This is a pleasing outcome, which helps secure up to 1,000 jobs in Coventry and ensures that the venue will continue to play a major role in the city’s economy as a world-class entertainment and hospitality venue and home for Coventry City Football Club.
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C

covmutley

Well-Known Member
fatso said:
Ashley will only be interested in owning 100%.

And as it stands, king has not had any approval from the football league so he doesn't have any say.
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No, EFL havent but Sisu have agreed it. So presumably they can say its now out of their hands, so from their point of view they have no choice. king could somehow transfre his right to buy the 85%to Ashley??
 
D

Deleted member 5849

Guest
The Philosopher said:
That it would be £35m. Yep. Got that wrong. Clearly worth that and surprised that underhand tactics combined with gross ineptitude meant MA nicked it.

I’ll own my hubris. You’ve owned me chief.

However, if DK ups his £25m to £35m…..(unlikely)
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It clearly wasn't worth that, as nobody, but nobody bid that!
 
The Philosopher

The Philosopher

Well-Known Member
robbiethemole said:
To think, they could have bought the Higgs 50% for about £7m and would have been in a much better position. Sorry for the little people? Absolutely Sorry for Joy? Not fucking likely.
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True. Looks like she had some bad advice from those around her. She learned to late.

I still feel sorry for her. She became more humanist toward the end.
 
D

Deleted member 5849

Guest
robbiethemole said:
To think, they could have bought the Higgs 50% for about £7m and would have been in a much better position. Sorry for the little people? Absolutely Sorry for Joy? Not fucking likely.
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Lease was far shorter, also no control over what happened to the ground.
 
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