SISU ready to sell? (1 Viewer)

[Briles]

My source says there is a consortium of Nigerian businessmen interested. Joy just needs to send them a cheque for £100,000 to verify SISU's bank details - then they will transfer £130 million into it as a downpayment.

You joke but I guarantee there is a Nigerian businessman somewhere just sat in a swimming pool of gold like scrooge mcduck saying "I can't even give it away ffs"

 

---

[Briles]

Joy turning up to the shareholders meeting....

 

[steve cooper]

My source says there is a consortium of Nigerian businessmen interested. Joy just needs to send them a cheque for £100,000 to verify SISU's bank details - then they will transfer £130 million into it as a downpayment.

Wow, sounds great. Exciting times.

 

[The CableGuy]

For pounds for points, we must be one of the best teams in the league. We had one of the smallest budgets in the Championship after promotion and finished a very respectable 16th place. That was followed by 12th place after spending around half the season in the play-off places.

The manager, players and fan-base are all there, almost so with the players. A bit of investment last January and we could've been where Forest are now. There are much worse clubs to buy for potential investors compared to us.

 

[TomS91]

Nobody in their right mind is buying a championship or even lower prem football club to make money. Much easier ways of making money out of £60m or whatever it would take to buy.

 

[Briles]

Nobody in their right mind is buying a championship or even lower prem football club to make money. Much easier ways of making money out of £60m or whatever it would take to buy.

"In their right mind" isn't a benchmark the EFL tend to use when doing due dilligence

 

[clint van damme]

Mags are a lot like sunderland. Demand everything all the time. I'd hate to own either of them. Newcastle got who they want now but I bet it won't end as they think it will. Ashley would be fine.

I don't want Ashley anywhere near our club.

 

[SBAndy]

I don't want Ashley anywhere near our club.

Why, out of curiosity?

 

[RegTheDonk]

Wasps looking at moving to the Alexandra Stadium after the commonwealth games apparently.

Lol c*nts going to try and get Brummies on board now as Cov public have wised up to them? Cue free tickets and bribes to the Birmingham Mail

 

[slowpoke]

I don't want Ashley anywhere near our club.

Why ?

 

[PUSB-We_are_going_up]

I don't want Ashley anywhere near our club.

Why not, we would be fully financially secure under him, he knows how to take clubs up to the premier league and keep them there, the only negatives are the sports direct stickers around

 

[clint van damme]

Why, out of curiosity?

I don't agree with Briles assessment of his time at Newcastle, I think he was a poor owner and also ended up in court with rangers over merchandising deals.

He's out purely for what he can make, which is fair enough, but he doesn't care one jot about the clubs he's been involved with and I don't want him here.

 

[clint van damme]

Why not, we would be fully financially secure under him, he knows how to take clubs up to the premier league and keep them there, the only negatives are the sports direct stickers around

He was at the helm of a huge club that gets 50k a week.
Merely keeping them up isn't an achievement and he didn't even manage that

 

[Kilclines curly mullet]

He was at the helm of a huge club that gets 50k a week.
Merely keeping them up isn't an achievement and he didn't even manage that

You could argue that his careful management has contributed to the position Newcastle now find themselves in.

 

[slowpoke]

But has put them into the hands of possibly the richest people in football, what that achieves might be a different story time will tell.Of course he has made money out of it that’s his business making money. I’m not saying I want Ashley or not open minded about it but he has run clubs before so knows what it takes to do so.

 

[clint van damme]

You could argue that his careful management has contributed to the position Newcastle now find themselves in.

You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.

 

[Briles]

I don't agree with Briles assessment of his time at Newcastle, I think he was a poor owner and also ended up in court with rangers over merchandising deals.

He's out purely for what he can make, which is fair enough, but he doesn't care one jot about the clubs he's been involved with and I don't want him here.

Tbf he can only make money from a club from it being successful. In Newcastles case he signed a shite manager granted, but he bankrolled him enough. Billonaires don't buy from Billionaires (Chelsea excluded). Billionaires buy from multi millionaires when they see an opportunity. Cov would look like curry to a pissehead for someone like him and it would be a symbiotic relationship. Unlike the one we have now.

 

[slowpoke]

You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.

Do sisu invest in us then ? We all know that answer.

 

[PUSB-We_are_going_up]

You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.

Still it would be more investment than we have now

 

[Perryccfc]

You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.

This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?

 

[skyblu3sk]

I wonder if Wasps have asked coventry BS for help with re-financing, they just made 158M profit in the last half year.

Categorically not. Not the business MO of CBS

 

[Torquay Sky Blue]

Tbf he can only make money from a club from it being successful. In Newcastles case he signed a shite manager granted, but he bankrolled him enough. Billonaires don't buy from Billionaires (Chelsea excluded). Billionaires buy from multi millionaires when they see an opportunity. Cov would look like curry to a pissehead for someone like him and it would be a symbiotic relationship. Unlike the one we have now.

A curry to pisshead. A symbiotic relationship. Very good

 

[Grendel]

This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?

He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really

 

[Jamesimus]

This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?

The position he left them in?!

He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really

Also, this /\

 

[Evo1883]

Paid 134 million for Newcastle

Sold for over 300 million

 

[slowpoke]

He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really

Rich wanker though.

 

[Evo1883]

 

[SBAndy]

He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really

Talk me through your workings on him never investing anything. From what I can see, his ‘director’s loan’ peaked at £144m interest-free. Took them from a negative net worth of >£50m to profit-making with a reasonable net worth. I don’t really dispute the fact his business practices leave a lot to be desired but considering some of the rogues out there I don’t think he’s half bad as a prospective owner.

 

[ccfcchris]

For pounds for points, we must be one of the best teams in the league. We had one of the smallest budgets in the Championship after promotion and finished a very respectable 16th place. That was followed by 12th place after spending around half the season in the play-off places.

The manager, players and fan-base are all there, almost so with the players. A bit of investment last January and we could've been where Forest are now. There are much worse clubs to buy for potential investors compared to us.

Whilst I agree, you need a long conversation with grendel so he can give you a massive kick in the bollocks to remind you we're fucked no matter what we try to do

 

[Grendel]

View attachment 25618

How much income did he get from Sky I don’t see relevance there in truth

 

[Colin Steins Smile]

Ref. Mike Ashley. Given that he's made a significant profit from the sale of Newcastle. He has the rest of the financial year to decide if he's "cashing out" on that profit and paying the tax OR reinvesting the money into another club and thus "kicking the can down the road" in tax terms.
* This assumes that my rudimentary knowledge of company tax law is correct? I stand to be corrected.

 

[RegTheDonk]

While this is fantastic news if it plays out the way we all hope a little part of me worries is this PR to keep the bad publicity on Wasps.

Perhaps this brings to the fore that WASPS can hardly get a gov bail out if there are interested parties who would step in for the stadium lease. CCCC can hardly say without the grant nobody will take on the stadium.

 

[Evo1883]

How much income did he get from Sky I don’t see relevance there in truth

when you consider newcastle had a wage bill of over 110 million in the championship , and they receive around 100 million from sky in the Premier league each year .. the very fact you mentioned sky is actually pretty irrelevant to the discussion

Wouldn't you agree

 

[Grendel]

when you consider newcastle had a wage bill of over 110 million in the championship , and they receive around 100 million from sky in the Premier league each year .. the very fact you mentioned sky is actually pretty irrelevant to the discussion

Wouldn't you agree

Not really no Ashley like Sisu in its early years was purely interested in selling at a profit as he would here. He wants always To make money and has zero interest in the football club

The fact he made money in the end by selling to a blood soaked regime mired in corruption says it all

 

[Evo1883]

How grendel argues