Rumour: Hoffman and Elliot takeover negotiations (19 Viewers)

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Grendel

Grendel

Well-Known Member
Nick said:
No, the questions have been to Italia who has said about the rumour.
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If there is any truth at all I think we all know what it's likely to be. Italia was probably told to do what he has done by his paymasters.
 
Irish Sky Blue

Irish Sky Blue

Well-Known Member
SkyBlueZack said:
The ones just before SISU. Their decisions to leave HR, to spend money we didn't have, to buy players and take the profit. They mismanaged the Ricoh project. How on earth did such a grand plan have no financial backing or detail. I'd say it runs SISU very close if not as bad. SISU have just continued the legacy.

The club needs a fresh start. No Elliott, no Hoffman, none of the old faces that have been here while the club has sank. Sorry if that upsets a few but I don't see Hoffman or Elliott as heroes.
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Surely the question could be Hoffman/Elliot or continue with Sisu. If there is no other choice you would continue with Sisu?
 
Grendel

Grendel

Well-Known Member
covcity4life said:
very annoyed if hes lying. very
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I don't think he's exactly lying but I suspect there is some half arsed attempt at a "bid" he's already admitting it's being rejected anyway.
 
Grendel

Grendel

Well-Known Member
covcity4life said:
thats my worry. that its a bid for publicity and not a serious move to buy the club
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I guess it's some PR stunt involving our insect chums
 
S

SkyBlueZack

Well-Known Member
Brylowes said:
The bid probably is serious, SISU being realistic on what they expect however.:banghead:
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Would you be willing to take a £20 million+ loss on a football club you have no affinity too and don't give a shit about. This is where the problem is, a fan would, some business people might. A hedge fund? No chance. She has a reputation for being hard nosed, one of the reasons we're in this mess. She is not going to accept a pound. She is not going to accept money back on success. She wants to recoup as mush as possible up front. She don't care if it's her decisions that have helped lose that £20 million.
 
Brylowes

Brylowes

Well-Known Member
SkyBlueZack said:
Would you be willing to take a £20 million+ loss on a football club you have no affinity too and don't give a shit about. This is where the problem is, a fan would, some business people might. A hedge fund? No chance. She has a reputation for being hard nosed, one of the reasons we're in this mess. She is not going to accept a pound. She is not going to accept money back on success. She wants to recoup as mush as possible up front. She don't care if it's her decisions that have helped lose that £20 million.
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We must be like a weight around their shoulders, at some point they will set us andThemselves free,
their chosen way of running the club is never going to result in an increase in value.

And by the way, you don't know how she thinks and feels anymore than the rest of us.
 
italiahorse

italiahorse

Well-Known Member
SkyBlueZack said:
Would you be willing to take a £20 million+ loss on a football club you have no affinity too and don't give a shit about. This is where the problem is, a fan would, some business people might. A hedge fund? No chance. She has a reputation for being hard nosed, one of the reasons we're in this mess. She is not going to accept a pound. She is not going to accept money back on success. She wants to recoup as mush as possible up front. She don't care if it's her decisions that have helped lose that £20 million.
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She must know she will not get her money back.
I'd give an offer including a PL bonus if we get there.
 
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Esoterica

Esoterica

Well-Known Member
RegTheDonk said:
I dunno, too many variables. Why would 4 "wealthy" men only muster 80% of the bid? You would think it must be a pretty sizeable amount. And if so, what guarantees can they give to SISU that 20% can be raised by fans? Do they really expect honest but average wage fans to be able to put up the other 20%, without any forethought or consultation?



Gut feeling yes. Though I did find it extremely plausable that Hoff would take his wing man Joe to a meeting with the head of WASPs...just get his kid on their netball team. :shifty:
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4 wealthy people put a million in each and offer a season ticket + share for 600 instead of just the 300. 3000 people buy one because SISU are gone and we've got an extra mill to take it up to the 5 mill that SISU will now sell for, if they get to keep Ryton. We get bumper League 2 crowds on a wave of good feeling so Mark Robins gets backed and we win the League by Christmas.

Dunno what's taking so long....
 
S

SkyBlueZack

Well-Known Member
Brylowes said:
We must be like a weight around their shoulders, at some point they will set us andThemselves free,
their chosen way of running the club is never going to result in an increase in value.

And by the way, you don't know how she thinks and feels anymore than the rest of us.
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But do I?
 
chiefdave

chiefdave

Well-Known Member
Obviously the club will be sold for the proverbial £1, they key is what else is offered. We 'owe' SISU a fortune and they will know they are never getting that back and has most likely already been written down in their accounts but they won't walk for nothing.

I would guess we're looking at needing a bid of at least what they can achieve via liquidation. The only thing of value would be Ryton and without the club in existence the way would be clear for that to be sold for housing which I think someone on here stated would be around £8m. So you'd need £8m up front for SISU to walk.

Then you have to deal with the debt to the likes of Arvo. Taking over the club doesn't see that debt disappear but the club would never be able to service it, and under new owners it is unlikely that repayment continue to be deferred. You'd need to make an offer to them they would accept to settle the debt.

I reckon you're probably looking at £15m plus upfront. Sure someone like OSB can give a more accurate estimation.

Then moving forward you've got to fund an academy, even if we stay at Higgs costs will increase as it would be on a commercial basis not the discounted arrangement we previously had, and a second site would be needed. There's then the issue of where we play and gaining access to revenues to be resolved. Staying at the Ricoh is probably workable in L1 / L2 dependent on attendance but above that it becomes less viable unless Wasps are prepared to offer a much better deal than we currently have in place, and there is nothing to indicate that is likely.
 
italiahorse

italiahorse

Well-Known Member
Grendel said:
I don't think he's exactly lying but I suspect there is some half arsed attempt at a "bid" he's already admitting it's being rejected anyway.
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Tow the line. TF said 'Not Creditable' your saying 'half arsed'. Looks like you have already taken sides as expected.
 
Sub

Sub

Well-Known Member
Club chairman Tim Fisher told us last month there had been no credible offer for the club which had shown proof of funds, or transparency of investors – the criteria by which it is understood Sisu would consider any bid, as well as the financial terms of any offer.


That bit in red really does take the piss coming from fisher and SISU
 
italiahorse

italiahorse

Well-Known Member
SkyBlueZack said:
So much for Friday.

Edit. No details were presented, can you fill us in more now Italia? Or are we just to get angry?
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No idea on the offer, just knew it was coming and would be rejected.
Fingers crossed on the next one.
Expect the details from the other party to be disclosed to the press if that one is rejected.
 
Liquid Gold

Liquid Gold

Well-Known Member
At this rate I'll have saved up enough packet money to buy the club before these supposed serious business people can put something together.
 
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