The spin continues (3 Viewers)

[Deleted member 5849]

Sounds like the inspiration for the Jarni deal.

There were lots of articles on t'interweb surrounding this a few years back. No doubt they're still there, but the passing clutter of a decade makes them harder to fall upon in 25 seconds!

 

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[Deleted member 5849]

Oh and if you want the happy thoughts, the happy thoughts are that such people are undoubtedly out there.

You like using the battered wife analogy however and it's a similar thing, just because it's shit now doesn't mean we have to jump into bed with the first Texan property developer who flutters his eyelashes at us. We need the strength to say no until our life partner comes on the horizon!

 

[Astute]

As I said, it's all in the narrative. To placade a lurking PWKH whenever he passes by, I'll happily point out when Derek Higgs died, his obituaries were big on his integrity within business which would suggest your narrative here is closer to the accurate one.

But it often seems a little lazy to say 'ripping off a poor charity' to me. As you say, if they haven't done well out of any deals, they were arguably ripped off by those you mention when they got involved... and thus SISU offering values that don't get their money back isn't SISU doing the ripping off, but those who were there before... while SISU coldly offer market value!

So you agree that the value of the Higgs share is zero like SISU tried to say in court? Do you really think that Joy would offer 2m for something of no value? Do you think it is good of SISU to move our club to Northampton to try and devalue the Higgs share? Or for them to offer 5.5m for their share then say only over 10 years without guarantee of funds?

 

[Grendel]

Higgs are only half of ACL. So only half of the loan is attributed to the Higgs share. But you either knew this or don't have a clue what is going on.

As I understood it the valuation was for the whole of ACL. Its not me that doesn't know what's going on.

 

[Hobo]

The day the court system is judged on RFC's posting habits is the day I beg you to find me a job in Kiel and I get the hell out this country!

so, what is it today Grendal, the loan a good money making move for the council, but they wont share it with tax payers, or a bad money making move ?

I'm just confused as you seem to flick between the two

In various posts recently Grendel keeps changing horses mid stream.

 

[Deleted member 5849]

My career as a stadium valuer didn't go to plan, so I have no view on the value of the shares.

That means I can defend the valuation put on ACL as a whole when OSB questions the seeming over-reliance of the football club for a high valuation... and also question whether it is true.

The emotive diciking around on value of shares however, is not even close to a pretence of objectivity.

I would say however, if it's so necessary for the charity to break even out of it and ACL is worth that amount, the easy and obvious solution is for CCC to buy the Higgs half at desired price.

 

[skybluetony176]

Its not me that doesn't know what's going on.

Let's not bring ML into this.

 

[Astute]

As I understood it the valuation was for the whole of ACL. Its not me that doesn't know what's going on.

But what was the value when the loan was taken out and what is it now? And that isn't the SISU alleged value.

 

[shmmeee]

As I said, it's all in the narrative. To placade a lurking PWKH whenever he passes by, I'll happily point out when Derek Higgs died, his obituaries were big on his integrity within business which would suggest your narrative here is closer to the accurate one.

But it often seems a little lazy to say 'ripping off a poor charity' to me. As you say, if they haven't done well out of any deals, they were arguably ripped off by those you mention when they got involved... and thus SISU offering values that don't get their money back isn't SISU doing the ripping off, but those who were there before... while SISU coldly offer market value!

I'm not a fan of that phrase, it's worth what the seller will accept, there are a whole host of situations where the something is worth more to the seller than the buyer (Callum Wilson will probably be one by the looks of it). I'm also not sure I accept how you put a "market value" on a council backed project, as by definition they tend to invest in things the market won't. But that's for the analysts and advisors to argue over, though maybe I'm simple, I just can't see how something the size and location of the Ricoh, that cost that much to build is worth less than a couple of particularly nice houses on Kenilworth Road.

Besides, the only time I've argued anyone is ripping off a charity was the unpaid legal costs, and I still think that. Anyone is entitled to offer what they want for the charity's assets, and the charity is entitled to hold on for whatever reason they like. I assume PWKH and the rest are competent enough to not get ripped off should they accept the deal later on, however I suspect that the long term future of the club, and not money, if at the heart of their reluctance at the moment. And maybe Sisu should meditate on that for a bit and consider how they can change their approach to assuage these feelings. They don't act in a vacuum.

 

[shmmeee]

Oh and if you want the happy thoughts, the happy thoughts are that such people are undoubtedly out there.

You like using the battered wife analogy however and it's a similar thing, just because it's shit now doesn't mean we have to jump into bed with the first Texan property developer who flutters his eyelashes at us. We need the strength to say no until our life partner comes on the horizon!

Do I need to say again that I have no particular want for PHIV to take over?

I don't trust anyone that isn't a fan and wants to own a football club. Fans are by definition insane and therefore could have decent motives, everyone else has some kind of angle. It's finding the one that is least objectionable to our own wishes that's the trick. That might be PHIV, it might be Byng, hell it might even be Sisu if we ever find out what they're plans are past getting a ground to play in.

Unless we're getting an arab billionaire desperate to use a League 1 team to promote his airline (or I win the Euromillions), we're probably going to have to compromise somewhere. Would be nice to have that discussion before a new owner takes the keys mind.

 

[Deleted member 5849]

Do I need to say again that I have no particular want for PHIV to take over?

I don't trust anyone that isn't a fan and wants to own a football club. Fans are by definition insane and therefore could have decent motives, everyone else has some kind of angle. It's finding the one that is least objectionable to our own wishes that's the trick. That might be PHIV, it might be Byng, hell it might even be Sisu if we ever find out what they're plans are past getting a ground to play in.

Unless we're getting an arab billionaire desperate to use a League 1 team to promote his airline (or I win the Euromillions), we're probably going to have to compromise somewhere. Would be nice to have that discussion before a new owner takes the keys mind.

I never said you did...

I'd say anybody who's had their chance before in any capacity has had their time and blown it, so time for fresh faces.

Don't even have to be fans, Mark Goldberg saw his sense and reason leave him when he tok over Palace after all, but the old traditional model of local boy made good who wanted to sate his ego is the closest we'd get to a useful owner in my view.