Takeover... (1 Viewer)

Mucca Mad Boys · Jan 29, 2013

We can dream, probably isn't true, but ah we'll, may as post it. (NOTE: from the 'Transfer Rumours' BS site)

Coventry City are rumored to be in early talks with The Olayan Family from Saudi Arabia about a full take over of the club. The deals include investment in the surrounding area plus full ownership of The RICOH. More to follow...

If only!

CovFan · Jan 29, 2013

Part of that is true.....

The Olayan Family is from Saudi Arabia. Rest of it though.....l.

Mucca Mad Boys · Jan 29, 2013

CovFan said:
Part of that is true.....

The Olayan Family is from Saudi Arabia. Rest of it though.....l.

Haha, spot on.

Bit of gossip isn't bad, is it?

It'd be nice if it were true, but the extreme likelihood is that it isn't...

dadgad · Jan 29, 2013

Oh PUUUULLLLEEEEEZE!! Do keep this sort of stuff buttoned. Ta:guitar2::claping hands:

Sky Blues · Jan 29, 2013

I cannot believe this if it is only on the Transfer Rumours website. But if there were anything in it, the family could afford to redevelop the whole area as they are loaded:

http://www.arabianbusiness.com/saudi-rich-list-2011-406534.html?view=profile&itemid=406477

Cigarfingers · Jan 29, 2013

Sky Blues said:
I cannot believe this if it is only on the Transfer Rumours website. But if there were anything in it, the family could afford to redevelop the whole area as they are loaded:

http://www.arabianbusiness.com/saudi-rich-list-2011-406534.html?view=profile&itemid=406477

Thats 2011,since then they are up one place going by the 2012 list

http://www.arabianbusiness.com/revealed-arabian-business-rich-list-2012-482689.html

Fluffsta · Jan 29, 2013

I thought Vince McMahon was buying the club?

RichieGunns · Jan 29, 2013

Now wouldn't that be nice!

Ah I can dream...

jon92 · Jan 29, 2013

Did you just google rich families to start this rumour

steveo1987 · Jan 29, 2013

Brokered by keysee...it's all over his twitter feed

ccfc92 · Jan 29, 2013

If only

But look at Blackburn, not all takeovers are good :/

steveo1987 · Jan 29, 2013

Look at ccfc,not all takeovers are good....initially.

mattylad · Jan 29, 2013

bet the fake sheikhs will be back lol! strangely true but I stood in the shower this morning thinking Waggot has gone very quiet I wonder if all the positivity has made them have to change plans

BigadamL · Jan 29, 2013

It's true! I've seen them at the tesco's petrol station, they were filling up for the cannonball run! Don't no why Burt Reynolds was with them! But I'm sure all will come out on Thursday..... Well that's what Tim fisher said in the casino to me after the last home game

Speng · Jan 29, 2013

I seen them in a restaurant with fisher and bill gates ,

dongonzalos · Jan 29, 2013

I think Wag and Fisher have gone quite purely,
because SISU are currently reassessing what their plan B is and starting to try and raise capital.

percy · Jan 29, 2013

getting to the capital would be a decent start

donald_trumps · Jan 29, 2013

It's on

skybluejelly · Jan 29, 2013

mattylad said:
bet the fake sheikhs will be back lol! strangely true but I stood in the shower this morning thinking Waggot has gone very quiet I wonder if all the positivity has made them have to change plans

What were you doing to make waggot to quiet in the shower

donald_trumps · Jan 29, 2013

Should this thread be taken offline in case it may scupper the deal?

mattylad · Jan 29, 2013

skybluejelly said:
What were you doing to make waggot to quiet in the shower

Plastic bag, orange and a length of lighting cable

ricohman · Jan 29, 2013

Be careful of wanting a takeover cause foreign owners might just want their own man in charge, their own personal walkover.

Crazy i know but foreign owners dont allways have a clue

ajsccfc · Jan 29, 2013

That's hardly a foreign thing.

ricohman · Jan 29, 2013

ajsccfc said:
That's hardly a foreign thing.

Its happens more often with foreign owners so my point stands uncorrected

rupert_bear · Jan 29, 2013

Mark Robins knows you know

ajsccfc · Jan 29, 2013

ricohman said:
Its happens more often with foreign owners so my point stands uncorrected

There isn't a point to correct, most takeovers are by foreign owners. Their being foreign isn't the factor that causes upheaval.

dongonzalos · Jan 29, 2013

We may actually have foreign owners at the moment.

rupert_bear · Jan 29, 2013

dongonzalos said:
We may actually have foreign owners at the moment.

We have a Finnish/American in Joy Seppalla and a Canadian bloke called Dermot something or other.

ricohman · Jan 29, 2013

Is she not the chief executive though, who rightfully owns the club, anyone know?

ricohman · Jan 29, 2013

A local businessman is more likely to notice the great job Mark robins has been doing.

A foreigner is more likely to bring in glen hoddle or Kevin keegan lol

dongonzalos · Jan 29, 2013

rupert_bear said:
We have a Finnish/American in Joy Seppalla and a Canadian bloke called Dermot something or other.

They are our caretakers. We don't actually know our owners.

Up until now they have been proving the suggestion about foreign owners right

Sub · Jan 29, 2013

don't know about foreign owners the way this lot have carried on in the past you would of thought they were from a different planet !!!

RichieGunns · Jan 29, 2013

Someone posted on that rumour site in responce to this takeover rumour.

"Why would we want some Saudi Arabian people owning us"

Why indeed? Well here's some good reasons (assuming its true, which i sadly doubt it is):

* They are reported to be worth something like $4 billion (which in pounds is £2,545,824,000).
* This would mean they have a fair amount of money to back them up in whatever they decide to do with our club and the surrounding area.
* Not only would they be able to buy the whole stadium meaning no more rent problems and a lot less media attention!
* They could give Robins a good amount of money to buy high profile player targets etc. Money and wages wouldn't be an issue anymore.
* We could (in a way) expect promotion back to the premiership within 2 seasons if the money was used responsibly (which assuming robins was kept in charge, I know it would!) to bring in the right players for the job!
* The deal would stipulate that they develop the land around the ricoh. This would mean the area as a whole would benefit as more businesses would be created, more housing, therefore more money as a whole coming to the city!

With all these in mind, that's exactly why we'd want some Saudi Arabian company buying us. This is of course as long as they don't feth around like SISU did. I for one think they wouldn't because they don't hide who they are (unlike SISU who hide behind their 10%). We'd know who owned us and hopefully they'd be fully open with what they planned for our club! I just think some fans believe they can say who does and doesn't own our club. In the end its the money that says who does and doesn't own our club just like money is the reason we can only get certain players and lose other players like McGoldrick and also why we don't own our stadium at the moment!

skyblueman · Jan 29, 2013

Sky Blue Burka anyone?

skybluedan87 · Jan 29, 2013

Sweet and sour pork balls please

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