Rumour: Hoffman and Elliot takeover negotiations (1 Viewer)

Liquid Gold · May 22, 2017

I_Saw_Shaw_Score said:
Revealed: Coventry City takeover bid's multi-millionaire backer

Just offer 10 Mil and get it fucking done then mate. You've got enough money to rid us of these parasites on your own and your starting offer was 20p and a twix

clint van damme · May 22, 2017

Good luck to the fella, get it done mate, so we can get back to concentrating on the football.

SuperFred · May 22, 2017

Why would you tell everyone you have 200m when you're part of a consortium bidding 4m for something ffs. SISU would be stupid to accept knowing these guys have more

lifeskyblue · May 22, 2017

I'm hoping this can get done and dusted now he has gone public. Certainly has the money to up the bid. But all depends on how far sisu want to push it.

Sent from my iPhone using Tapatalk

Liquid Gold · May 22, 2017

SuperFred said:
Why would you tell everyone you have 200m when you're part of a consortium bidding 4m for something ffs. SISU would be stupid to accept knowing these guys have more

Fingers crossed sisu have just signed the deal and now these guys are bragging about resources so the fans get behind them.

covcity4life · May 22, 2017

but but but hoffmans consortium is a joke remember

ajsccfc · May 22, 2017

I really want to believe this is a positive step and not just something Sisu can use to complain about things being done publicly.

Nick · May 22, 2017

SuperFred said:
Why would you tell everyone you have 200m when you're part of a consortium bidding 4m for something ffs. SISU would be stupid to accept knowing these guys have more

That's what I don't get. It isn't a very good negotiation tactic to say how much cash there is like that.

Was that £208m to him though or a company he worked at?

lifeskyblue · May 22, 2017

Doesn't mean he is prepared to significantly give more of the £208 million than he has already put forward.

Sent from my iPhone using Tapatalk

superskyblue · May 22, 2017

Nick said:
That's what I don't get. It isn't a very good negotiation tactic to say how much cash there is like that.

Was that £208m to him though or a company he worked at?

Doubt the fella wants to spunk all £200m on the club.

He's just proving he's credible and it will probably mean he'll get more support from fans, press etc. Keep cranking up the pressure on SISU.

covcity4life · May 22, 2017

doesnt matter what hes worth. i imagine the consortium have a limit they will give to sisu and a certain point will say sorry you are asking way too much. we are pulling out.

Nick · May 22, 2017

superskyblue said:
Doubt the fella wants to spunk all £200m on the club.

He's just proving he's credible and it will probably mean he'll get more support from fans, press etc. Keep cranking up the pressure on SISU.

Well no, I understand that! He would be insane to want to do that.

Cranking the pressure to do what though? The only thing that will make them sell is more money, sadly.

SuperFred · May 22, 2017

Nick said:
That's what I don't get. It isn't a very good negotiation tactic to say how much cash there is like that.

Was that £208m to him though or a company he worked at?

Not sure mate but it still seems like an amateur move.

Maybe they're trying to get the fans on side to put pressure on SISU but what can we realistically do?

Praying SISU sell up but this will just add to the price tag in my opinion.

chiefdave · May 22, 2017

Bit strange. Put in several low bids that have no chance then reveal your consortium has a backer who is loaded and could easily take the club over on his own.

Looks like Hoffman not wanting anything out in public is working well.

dongonzalos · May 22, 2017

SuperFred said:
Why would you tell everyone you have 200m when you're part of a consortium bidding 4m for something ffs. SISU would be stupid to accept knowing these guys have more

His company was sold for 208 million.
I haven't read yet what he himself has.

skybluebeduff · May 22, 2017

It's not just him either, I see we're moving from the flop to the turn card...

dongonzalos · May 22, 2017

If his business was in financial services. I am guessing he probably only wants to pay what the club is actually worth. As oppose to getting ripped off.

Super Graham Withey · May 22, 2017

This is good news. Hoffman has some backers with some serious cash behind them.

Nick · May 22, 2017

skybluebeduff said:
It's not just him either, I see we're moving from the flop to the turn card...

With an article in the telegraph?

Is the game buying the club or PR? The turn card would be to send an offer over to them they can't refuse and wave them goodbye.

Whether he has £1m or £1b it doesn't make a difference unless the offers change

better days · May 22, 2017

The owner's position in the past has sometimes been that the bidder(s) haven't provided evidence of funds
Perhaps this is the new bidders using the media to counteract that argument to force the owners to agree to a meeting

However if negotiations do start they will want a lot more evidence, for example a statement from a solicitor or broker saying they are holding funds independently pending a successful deal

dongonzalos · May 22, 2017

Richard Overson | KR Group

olderskyblue · May 22, 2017

dongonzalos said:
His company was sold for 208 million.
I haven't read yet what he himself has.

Yep, my Company when sold was worth nearly the same*, but it doesn't mean it's all available in cash.....

* Just remove the word "million"...

dongonzalos · May 22, 2017

Key Retirement sold to Partners Group

Bob Latchford · May 22, 2017

I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?

covcity4life · May 22, 2017

first some complained we didnt know the backers

now we do its a case of well the offers shit!

sky blue john · May 22, 2017

Its obviously an attempt to get Sisu to the negotiating table.
Sisu don't want to sell fuck knows why not though!

Nick · May 22, 2017

Looks like it was a company he is a director at sold for £208m...

That's not to say he doesn't have cash though.

clint van damme · May 22, 2017

They're successful business men, there must be a reason or a certain strategy behind what they're doing.

covcity4life · May 22, 2017

Bob Latchford said:
I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?

hoffman has been vocal that his consortium are worried about the rent deal running out with wasps

clint van damme · May 22, 2017

Bob Latchford said:
I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?

I take that to mean he feels there has become a disconnect between the club and the city because of everything that's gone on with the current owners. Not that he doesn't realise we not in Northampton anymore - I hope so anyway!

lifeskyblue · May 22, 2017

Feel happier today than did yesterday. We find out the bid has credible backers and want talks with sisu. Can't foresee future and it may all come to nothing but I see the possibility of change and progress.

Sent from my iPhone using Tapatalk

skybluebeduff · May 22, 2017

Nick said:
With an article in the telegraph?

Is the game buying the club or PR? The turn card would be to send an offer over to them they can't refuse and wave them goodbye.

Whether he has £1m or £1b it doesn't make a difference unless the offers change

Just wait patiently like everyone else, just like the consortium is doing. What do we lose if SISU refuse to budge? It will be as you were and watch the club fall deeper into the mire.
Pretty sure people like you wanted to know who the backers were... well now you know at least two!!

dongonzalos · May 22, 2017

Nick said:
Looks like it was a company he is a director at sold for £208m...

That's not to say he doesn't have cash though.

I think he was director and a shared owner, with at least 6 different owners. The 6 directors bought it out right in 2003. Then they sold 60% of it in 2013. So he would have made some money then. However I think it maybe just that company who owned 60% selling their share for the 208 million.
So he may still own one sixth of 40% of the company.
Unless the directors also sold their 40% in that same deal

Nick · May 22, 2017

skybluebeduff said:
Just wait patiently like everyone else, just like the consortium is doing. What do we lose if SISU refuse to budge? It will be as you were and watch the club fall deeper into the mire.

Wait for what...?

ajsccfc · May 22, 2017

Bob Latchford said:
I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?

I think It's more that he wants the club to be ran by and for people who actually support the club rather it being a geographical point.

Rumour: Hoffman and Elliot takeover negotiations (1 Viewer)

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

Administrator

Well-Known Member

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency