But that has moved to having supporter aided funding
Rumour: Hoffman and Elliot takeover negotiations (12 Viewers)
- Thread starter Evo1883
- Start date
But that has moved to having supporter aided funding
Yeah sorry mate I'm no insider. I think people do know things though but sometimes even people from inside the club get things wrong. For example Malaka and his takeover rumour and I heard from someone at the club that oggy had retired but seemingly that's not true either.
italiahorse
Well-Known Member
How much should they offer if the main financier has £100M in his account ?
italiahorse
Well-Known Member
Supporters contributing money is more to get fans buy in and involvement than shortage of funds.
chiefdave
Well-Known Member
An amount at which SISU might realistically sell at. Anything else is just a waste of everyones time.
I could understand a low first offer if they were going to come back with considerably better but I'm yet to see an offer even close to being acceptable. I'd like to see 10m offered up front and if rejected then 15m. After that I would bring in the promotion clauses etc
chiefdave
Well-Known Member
So why not just buy the club first then worry about fan involvement rather than complicating things at this stage. You don't have to ask fans to contribute financially to allow involvement. Start with a fan rep on the board.
italiahorse
Well-Known Member
That's about what we are worth if Sisu have Ryton. Why offer more than it's worth ?
Offering a realistic figure but give Sisu an incentive of sharing 'some' future incomes is the best way forward.
skybluetony176
Well-Known Member
Or SISU are wasting everyone's time with ridiculous demands of what they want for the club. It's all a matter of prospective.
italiahorse
Well-Known Member
You can do both surely ?
italiahorse
Well-Known Member
That won't happen .
£15M is rediculous to pay out.
NortonSkyBlue
Well-Known Member
Surely he had more than that? He was part of a company that was sold for 208 million so why isn't he making a mega offer for a club with little income, 12 months away from being homeless and Barretts building houses on the training pitch and div 4 status?
clint van damme
Well-Known Member
I have a feeling that could be right, but just a feeling.
I sense the trust and very keen to get fan involvement. Which, to be fair, is exactly the sort of thing the trust should be interested
clint van damme
Well-Known Member
perhaps the trust have backed them into a corner a little bit on this one.
chiefdave
Well-Known Member
Totally disagree. SISU aren't going to be interested in a sale that relies on them getting there money at some point in the future if the club is successful. It also reduces the clubs ability to compete in the future. We are already in a difficult position due to the ground situation, it would be ridiculous to then hand over a chunk of future incomes.
As for Ryton why on earth would anyone want SISU as our landlords?
SISU are the seller which unfortunately puts them in the driving seat. No matter what price they put on it if nobody offers it they don't have to sell. I certainly can't see them selling just certain assets at a low pricewhile retaining the debt.
Why introduce more complexity? Just get a deal done and sort the rest later. All they've done is give the impression they don't have the financial backing to get the deal done.
skybluetony176
Well-Known Member
Why does it put them in the driving seat? You're perceiving that they don't need or want to sell. That's not necessarily the case and they certainly aren't going to advertise it. That means that they're playing hard ball not that they're in the driving seat. If she has agreed to meet with them that's a softening of the ball.
Strange when it came to selling ACL your point of view was completely different yet we can make the same comparisons. CCC were claiming that they didn't need to sell, the truth however was completely different and they certainly weren't in the driving seat. Can't really see the difference myself.
italiahorse
Well-Known Member
Or they are not stupid to pay more than it's worth ?
The question is to why they want to keep us going.? I know it's now costing them very little but what's their incentive ?
They can't ever get their money back unless they get to at least the Championship and they will need to invest to get there.
What's the point ?
Captain Dart
Well-Known Member
Only what it is worth, good business people do not over pay.
SISU don't want this albatross round their necks for ever.
Grendel
Well-Known Member
His net worth is estimated at around £7 million if you google him
Because he only had a small part of the £208m?
SkyBlue_Bear83
Well-Known Member
We don't want Sisu as our landlords, we would let them sell it and we would find somewhere else to train
SkyBlue_Bear83
Well-Known Member
The offers so far have been very generous for a club which is worth basically nothing.
There is no deal to be done at the moment it seems unless Sisu drop their ridiculous expectations and realise this is the best offer they will ever get.
There is no deal to be done at the moment it seems unless Sisu drop their ridiculous expectations and realise this is the best offer they will ever get.
NortonSkyBlue
Well-Known Member
Yes I am aware of that. However much the consortium has to play with they will be paying over the odds as there is very little in the way of assets and precious little goodwill and probably the biggest asset is the fanbase and training ground and George Thomas.
mark82
Super Moderator
I do agree with what you are saying but its going to take more than most think is reasonable to buy the club because they are not under pressure to sell. The club is no longer hemorrhaging money in the way it was, even making a small profit. If you have a seller who doesn't want or need to sell then it will take something over the odds, particularly when they have put a significant amount of money in.
thekidfromstrettoncamp
Well-Known Member
I think the main thing against SISU is goodwill even as we go forward if by chance they get promotion through 2 leagues people will never trust anything they say those of us not buying S T will not commit because there previous behaviour (big millstone) .As for the last offer I think it was generous and perhaps they may think on reflection there maybe some common ground to talk.(hope so)
Kingokings204
Well-Known Member
If joy is really talking then this is only good news.
skybluebeduff
Well-Known Member
Someone mentioned that Moz said on the radio that talks have opened up with Hoff and Joy, or they're at least now talking about the possibility of it.
Happy_Martian
Well-Known Member
I'm almost sure you would have been able to see the dollar signs in Joy's eyes when it was announced we had a "real" millionaire backing the bid. Forget logical ideas about walking away or stones around necks. She'll probably hold out for as much as she can drain from the consortium, especially as SISU aren't pouring money away in keeping the club solvent.
singers_pore
Well-Known Member
It could be that the best time to strike a deal is this time next year when the club is homeless. I can't see SISU wanting to fund losses by moving out of Coventry. And I can't see BPA or Wasps agreeing to a deal with SISU.
letsallsingtogether
Well-Known Member
Well they obviously know what they can afford.
But why would you offer all you have let's face it we all want to get as much as we can for as little as possible.
After all you will still need money for running costs.
But why would you offer all you have let's face it we all want to get as much as we can for as little as possible.
After all you will still need money for running costs.
Astute
Well-Known Member
Lady? Who did Joy get to go in her place then?
Astute
Well-Known Member
Ryton approx 6m
Player values a few million.
The name CCFC which contains the golden share. Debatable
The true value of anything is the price someone is willing to pay. They are willing to pay more than nothing.
rupert_bear
Well-Known Member
I still think the key is the ground,where we play or would like to next season and how much it will cost. No indication of any Wasp deal yet and sooner or later sisu will have to confirm to the EFL where. There might well be a deal with the stadium owner but they might demand significantly more and upfront and with the sisu past re rent who could blame them. This doubt surely effects value.
