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Mike Ashley rumours (2 Viewers)

  • Thread starter Didge76
  • Start date Jan 19, 2025
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COVKIDSNEVERQUIT

Well-Known Member
  • Jan 19, 2025
  • #71
Saddlebrains said:
It's been a rumour for 2.5 years now. It was bollocks then and it's bollocks now

What self respecting businessman who is worth billions would let a cooking oil salesman with no football knowledge have a go at running the club and then picking it up after him?

If he wanted us when he got the ground, he would have done without question
Click to expand...

"Mike Ashley a self-respected businessman"

Compared to Doug King?

Has Doug run over your cat or something, you're dislike for Doug King is unhealthy.
 
Reactions: Mucca Mad Boys, Incognitocov, pusbccfc and 7 others

shmmeee

Well-Known Member
  • Jan 19, 2025
  • #72
Saddlebrains said:
What about the reach around?
Click to expand...

That’s why I need you
 
Reactions: MalcSB and Saddlebrains

Saddlebrains

Well-Known Member
  • Jan 19, 2025
  • #73
COVKIDSNEVERQUIT said:
"Mike Ashley a self-respected businessman"

Compared to Doug King?

Has Doug run over your cat or something, you're dislike for Doug King is unhealthy.
Click to expand...


My point stands

If Ashely wanted the club he would have had it and not Doug

 

shmmeee

Well-Known Member
  • Jan 19, 2025
  • #74
I think we were much more attractive when King took over, on the up, valuable players, respected manager, skint desperate owners. If we couldn’t get any serious offers then I’m not sure why we would now. Would love to know why though, on paper we’re a good investment. One club town, decent sized stadium, one season from the big money.
 
Reactions: MalcSB and Saddlebrains
D

Deity

Well-Known Member
  • Jan 19, 2025
  • #75
shmmeee said:
I think we were much more attractive when King took over, on the up, valuable players, respected manager, skint desperate owners. If we couldn’t get any serious offers then I’m not sure why we would now. Would love to know why though, on paper we’re a good investment. One club town, decent sized stadium, one season from the big money.
Click to expand...
To play devils advocate you could say that the club has now proven that it can have near sell out crowds most weeks, a lot of the off field heavy lifting has been done ( training ground, clubs commercial offer, professional playing infrastructure ) and it has £40-50m in playing assets.

However I do agree most new owners go after a club that is on its knees as they get it for a knock down price.
 
Reactions: covcity4life
W

wingy

Well-Known Member
  • Jan 19, 2025
  • #76
Saddlebrains said:
My point stands

If Ashely wanted the club he would have had it and not Doug

View attachment 40832View attachment 40833
Click to expand...
The Art of a deal, not a rich man's play thing? How did he get rich,by buying distressed companies, which now we are in terms of spends, maybe Sisu have taken their bit out of transfer fee's purported and they're now satisfied?
 

Covcraig@bury

Well-Known Member
  • Jan 19, 2025
  • #77
It’s got to be bullshit , my misses knows everything and she’s never mentioned this
 
Reactions: Ccfcsj and robbiethemole
D

Deity

Well-Known Member
  • Jan 19, 2025
  • #78
shmmeee said:
I think we were much more attractive when King took over, on the up, valuable players, respected manager, skint desperate owners. If we couldn’t get any serious offers then I’m not sure why we would now. Would love to know why though, on paper we’re a good investment. One club town, decent sized stadium, one season from the big money.
Click to expand...
Well we were not that attractive as we were for sale for years before we found a buyer or at least one Sisu would deal with.
 

shmmeee

Well-Known Member
  • Jan 19, 2025
  • #79
Deity said:
Well we were not that attractive as we were for sale for years before we found a buyer or at least one Sisu would deal with.
Click to expand...

We weren’t for sale for years. Sisu repeatedly said the club wasn’t for sale until the top of the cycle.
 

chiefdave

Well-Known Member
  • Jan 19, 2025
  • #80
Never say never but you’d think if Ashley had any interest he could have picked the club up with the stadium when SISU were desperate.

This seems like people hearing about King looking for investment and jumping to conclusions.
 
Reactions: SkyB, bigbeatpete, Skyblueweeman and 3 others
D

Deity

Well-Known Member
  • Jan 19, 2025
  • #81
shmmeee said:
We weren’t for sale for years. Sisu repeatedly said the club wasn’t for sale until the top of the cycle.
Click to expand...
Trust me they were desperate to find a buyer for years before King took the club. Hoffman tried on more than one occasion but a combination of valuation differences and personality clashes got in the way.

The first rule of selling anything is to pretend you don’t wish to.
 

Sick Boy

Super Moderator
  • Jan 19, 2025
  • #82
Deity said:
The first rule of selling anything is to pretend you don’t wish to.
Click to expand...
Indeed - it's basic stuff.
 

Paul Anthony

Well-Known Member
  • Jan 19, 2025
  • #83
shmmeee said:
We weren’t for sale for years. Sisu repeatedly said the club wasn’t for sale until the top of the cycle.
Click to expand...

In fairness, they also said they were going to batter everyone in court.
 
Reactions: duffer and Martw

shmmeee

Well-Known Member
  • Jan 19, 2025
  • #84
Deity said:
Trust me they were desperate to find a buyer for years before King took the club. Hoffman tried on more than one occasion but a combination of valuation differences and personality clashes got in the way.

The first rule of selling anything is to pretend you don’t wish to.
Click to expand...

They were desperate but were bothered by the personality of the buyer?

If this is true it just goes back to my original question of why can’t we attract investment?
 
Reactions: Saddlebrains

shmmeee

Well-Known Member
  • Jan 19, 2025
  • #85
Sick Boy said:
Indeed - it's basic stuff.
Click to expand...

BRB off to tell my company to nuke all advertising. Well save a fortune.
 
Reactions: Skyblueweeman

Sick Boy

Super Moderator
  • Jan 19, 2025
  • #86
shmmeee said:
BRB off to tell my company to nuke all advertising. Well save a fortune.
Click to expand...
It's got nothing to do with advertising.
 

shmmeee

Well-Known Member
  • Jan 19, 2025
  • #87
Sick Boy said:
It's got nothing to do with advertising.
Click to expand...

Feel free to explain how it isn’t incoherent nonsense made up to sound smart. I’ve read a lot of sales stuff and “pretend you don’t want to sell” isn’t mentioned once, but I’m sure you, a man who sells advertising services to companies has an explanation.
 

Sick Boy

Super Moderator
  • Jan 19, 2025
  • #88
shmmeee said:
Feel free to explain how it isn’t incoherent nonsense made up to sound smart. I’ve read a lot of sales stuff and “pretend you don’t want to sell” isn’t mentioned once, but I’m sure you, a man who sells advertising services to companies has an explanation.
Click to expand...
It's a basic opening negotiation stance.
 

TomRad85

Well-Known Member
  • Jan 19, 2025
  • #89
While I never bought any of the crap about it all being a setup for him to buy from King from the start (makes no sense, complete bollocks.) Ego may bring him back around to owning a football club, wouldn't entirely rule it out.
 
Reactions: Captain Dart and SkyBlueCharlie9
R

Rodders1

Well-Known Member
  • Jan 19, 2025
  • #90
shmmeee said:
I think we were much more attractive when King took over, on the up, valuable players, respected manager, skint desperate owners. If we couldn’t get any serious offers then I’m not sure why we would now. Would love to know why though, on paper we’re a good investment. One club town, decent sized stadium, one season from the big money.
Click to expand...
Because there was a £60m/£70m debt owed to SISU (or who ever their parent company was).

King has cleared that (probably due to business dealings with SISU on the cheap) - like it or not he would be part of the answer to getting a “good” owner.

So he's done a great deal of securing the future of the club already.
 
Reactions: M3rcian
M

Martw

Well-Known Member
  • Jan 19, 2025
  • #91
Saddlebrains said:
It's been a rumour for 2.5 years now. It was bollocks then and it's bollocks now

What self respecting businessman who is worth billions would let a cooking oil salesman with no football knowledge have a go at running the club and then picking it up after him?

If he wanted us when he got the ground, he would have done without question
Click to expand...
Bit Harsh, cooking oil salesman? - if its true he has made £400 million from cooking oil then I think wed all fancy a bit of that!!
 
Reactions: Rodders1, M3rcian, Samo and 1 other person

SkyBlueCharlie9

Well-Known Member
  • Jan 19, 2025
  • #92
King maybe ain't the messiah but 'he bought Sisu out', and is clearly a decent businessman. He has stabilisd the club and we should be grateful. Lord knows where we would be if SISU still in charge. Time to be able to fully judge is a year or so once FL settled in.
 
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Skyblueweeman

Well-Known Member
  • Jan 19, 2025
  • #93
Ashley at Newcastle is a funny one. Yes he was derided by the fan base and the Sports Direct branding round St James's Park looked awful (although better than insect pics tbf) but I'm sure when I looked before the spend on transfers when he was there was similar to their income from transfers.
 
S

SBT

Well-Known Member
  • Jan 19, 2025
  • #94
Skyblueweeman said:
Ashley at Newcastle is a funny one. Yes he was derided by the fan base and the Sports Direct branding round St James's Park looked awful (although better than insect pics tbf) but I'm sure when I looked before the spend on transfers when he was there was similar to their income from transfers.
Click to expand...
A net zero spend on transfers makes it impossible to compete in the Premier League, and so it proved. Ashley set the club back a decade.
 

hill83

Well-Known Member
  • Jan 19, 2025
  • #95
Hearing this is happening in the next 48 hours
 
Reactions: mmttww, blunted, Sky Blue Goblin and 1 other person
W

wingy

Well-Known Member
  • Jan 19, 2025
  • #96
Helicopter was making regular visits about a month ago, not a hotbed of activity usually.
 

Hobo

Well-Known Member
  • Jan 19, 2025
  • #97
Didge76 said:
Rumours going around yesterday that Ashley is getting involved??? I’m guessing investment if any truth in it. Probably more BS though!!!
Click to expand...

He never invested his money in Newcastle, just recycled their money.
 
M

Martw

Well-Known Member
  • Jan 19, 2025
  • #98
hill83 said:
Hearing this is happening in the next 48 hours
Click to expand...
I don't normally follow up such comments but very curious to hear more? Just rumour at the game yesterday or genuine ITK?
 
Reactions: covcity4life
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 19, 2025
  • #99
hill83 said:
Hearing this is happening in the next 48 hours
Click to expand...
Announced alongside GIMOCs winger?
 
Reactions: Skyblueweeman

clint van damme

Well-Known Member
  • Jan 19, 2025
  • #100
Martw said:
I don't normally follow up such comments but very curious to hear more? Just rumour at the game yesterday or genuine ITK?
Click to expand...

Or just Hill fucking about
 
Reactions: Terry_dactyl

Grendel

Well-Known Member
  • Jan 19, 2025
  • #101
Cally Fedora said:
It would essentially become wooden dollars.
Click to expand...

No it wouldn’t as they would still remain two separate companies
 

Grendel

Well-Known Member
  • Jan 19, 2025
  • #102
Ashley clearly has made a lot of money but isn’t exactly a sensible businessman. Read how Alan Pardew ended up with an 8 year contract at Newcastle
 
Reactions: MalcSB, Terry_dactyl and pusbccfc
M

Martw

Well-Known Member
  • Jan 19, 2025
  • #103
HuckerbyDublinWhelan said:
Announced alongside GIMOCs winger?
Click to expand...
clint van damme said:
Or just Hill fucking about
Click to expand...
oh is this the most likely??
 

Captain Dart

Well-Known Member
  • Jan 19, 2025
  • #104
It's worth reading the accounts of Coventry City's holding company CovCityCo Ltd.

They do set out a number of objectives the club is pursuing including transfer balances and an intriguing statement about researching and developing injury rehabilitation and performance tracking capabilities. There is also a statement about the owner having the financial wherewithal to deal with the unlikely event of demotion to league one. Profit on player sales till May 23 was only £40k but those figures do not include Viktor Gyökeres or Gustavo Hamer transfers out and any subsequent transfers in. Turnover was £11.1m, salaries were £8.8m, losses were £4mm there is a £6m loan being paid back.

COVCITYCO LTD filing history - Find and update company information - GOV.UK

COVCITYCO LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
 

clint van damme

Well-Known Member
  • Jan 19, 2025
  • #105
Martw said:
oh is this the most likely??
Click to expand...

I'd say there's a very good chance
 
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