BackRoomRummermill
Well-Known Member
I have a really bad feeling about all of this
Doug King Takeover (3 Viewers)
- Thread starter jackdg
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His goldfish would get EFL approval
Brylowes
Well-Known Member
I’m very busy so I’ve had to drop out of thread and can’t catch up ‘so if already broached forgive me.
How much of his own actual money has Doug King spent acquiring CCFC from SISU.
All previous takeover attempts came with a cash offer, so I presume as they’ve actually accepted this offer there’s a significant amount of cash involved.
How much of his own actual money has Doug King spent acquiring CCFC from SISU.
All previous takeover attempts came with a cash offer, so I presume as they’ve actually accepted this offer there’s a significant amount of cash involved.
Nuskyblue
Well-Known Member
thekidfromstrettoncamp
Well-Known Member
Are you suggesting they turn people down.
Gynnsthetonic
Well-Known Member
Maybe iou's involved
Calista
Well-Known Member
And possibly other people's money.
Nobody knows, and we may never know, given that we have no idea who has really owned CCFC for the last 15 years.
Brylowes
Well-Known Member
But every previous offer to buy them out involved substantial amounts of cash (maybe not enough but substantial all the same) why would this be different.
This whole process stinks of everything that’s underhand about SISU and after the news broke last night I was happy for about 10 mins, then the reality starts to sink in.
Nuskyblue
Well-Known Member
Would this come out in the accounts in company house. Eventually?
MalcSB
Well-Known Member
Undisclosed fee.
Calista
Well-Known Member
I can't claim to understand half of the financial discussions on here, but Ranson said we were 'debt free' after Sisu took over, and it was bollox because he meant there were no external debts. Within the internal labyrinth of companies, the debts were definitely there and they only got bigger as the years went by. I'd be amazed if something similar didn't apply now. I mean if somebody wanted to buy the club tomorrow, have the previous debts all just gone away? Obviously very happy if they have, but can't see it.
slowpoke
Well-Known Member
They have and do, think they are a lot more stringent now, & there’s a bit of government pressure now there are a lot of clubs up to their necks financially one thing the EFL will investigate is clubs financial proposals going forwards. Not sure how this Doug King will be seen at the moment he is good at saying what fans want to hear but as we know talk is cheap.
Brighton Sky Blue
Well-Known Member
I would assume a lot of it is the debt that only really existed on paper, SISU owing money to itself.
Brighton Sky Blue
Well-Known Member
If he shows proof of funds and makes a vague commitment to not quit the city for a 3rd time then that will probably do.
Nuskyblue
Well-Known Member
Would the commitment have to be backed up with a plan, at least a vauge one?
Evo1883
Well-Known Member
So do you think we are actually debt free ? Just trying to gauge if it's business spin or actually legit
Happy_Martian
Well-Known Member
Not trundling through the 10,000 post thread again but didn't somebody post a tweet from an ITK... or Richard Keys.... saying it would eventually come right but it'll get worse before it gets better and we'd have a good Xmas ? This may be the "worse" part. Not knowing who did what to who, where they did it and with what.
Brighton Sky Blue
Well-Known Member
I don’t think we have enough information to decide that. But to be completely debt free would mean he has either paid off or Joy has agreed to write off the £20 plus million they have injected since taking over since 2007.
I find it less likely that she’d agree to writing off millions. What would really help to know is if Ashley really has made zero contact with her even indirectly.
Nuskyblue
Well-Known Member
1 step back, 2 forward?
Also an ITK said something about the arena being owned by x and CCFC being own by Y and this being something to do with a sky blue Christmas
ccfc1234
Well-Known Member
CCFC cludo!
Sick Boy
Super Moderator
Brighton Sky Blue
Well-Known Member
Well whatever’s required he can blag something then break his word if he needs to.
slowpoke
Well-Known Member
I’m just surmising but I’d think he will have to prove he has funds and the means to show he can sustain a professional football club going forwards he might be able to do that. I also think he will have to commit to playing home games in Coventry area that being the CBS id think as the EFL requires a 10 guarantee where your home games are to be played, doesn’t stop him building a ground locally in the meantime.
Nuskyblue
Well-Known Member
50/50 slowpoke on the latter, dawkins on twitter for the former. The Dawkins bit was cryptic, I also don't have twitter so have zero context outside of SBT
Nuskyblue
Well-Known Member
Not a robust test then...
Gang of bastards, explains brum. And the Maccems tbf
Brighton Sky Blue
Well-Known Member
This seems much more effort than just approaching Ashley with a price.
slowpoke
Well-Known Member
My itk has been pretty accurate up to now so onto stage three now, be patient. I’m trying to find out if this Doug King is a curve ball or for real.
still looking forward to Christmas at the moment.
Brighton Sky Blue
Well-Known Member
Well if it were too robust you’d struggle to find buyers for anyone!
duffer
Well-Known Member
Nuskyblue
Well-Known Member
Probably raises the bar in terms of funding, but ultimately it benefits the efl/prem. Not the fans.
The whole thing stinks.
Did you watch Sunderland till I die? Funny but what a bunch of blaggers!