Is it possible he’s going to use preferred bidder status as leverage to do a deal with SISU? Maybe that’s why there has been no contact, he wanted to strengthen his hand first?
If Ashley offered say £20m for the club she'd have to go back to her investors, they couldn't turn it down surely
I must have been insane to think I'd just need to keep a close eye on this thread for a couple of days and wait for everything to be sorted. Couple more weeks anyone? Months? Years??
Sent from my SM-G973F using Tapatalk
I reckon Big Mike will offer to buy the club, and pay what Sisu want as well.
Your mother is buying the club?Or ma has used an intermediary with sisu so no direct contact
What do we reckon it would cost Stadium and Club - 60M ?
You might well be right. Is there any reason for him to contact SISU before he has got the stadium anyway? Getting that will strengthen his bargaining power to buy the club so it might be a prudent move.
I just hope we don't have another stand off. Last time SISU pathetically lost the stadium was what, eight years ago? They're still here. I really don't want another circus between Ashely and SISU via Northampton, Birmingham, and League 1.
How about this:I reckon Big Mike will offer to buy the club, and pay what Sisu want as well.
There was always a chance of Wasps going bust and getting the ground on the cheap. There is no chance at all of Ashley going bust and he clearly wants to start some new projects. They are never going to get a better chance at recovering a big chunk of their investment
I reckon fat lady was in the recording studio earlier and has laid down an album.So the "Fat lady" hasnt sung, not even rocked up yet, let alone cleared her throat.
If anything the water's seem murkier than ever.
Everything seems to have a "yer but" attached.
Surely Sisu have to sell up now. What do they actually want for fuck sake.
If there is a buyer of course.
….other than AshleyWell, this is the issue.
If someone like Mike Ashley wants the Ricoh, yet still doesn't want the club, then its highly unlikely that we are an appealing asset to anyone.
Is there a link anywhere to that regulation, it's a new one to me mate?
And regardless, don't forget this is the same RFU that raised nary a whimper when Wasps relocated 80 miles north and next door to an established club. They won't stop Wasps moving back down towards their actual home.
I agree with you, but I think it would be unwise after experiencing SISU as owners for so long, to assume they have the same thought process. Let's hope common sense prevails.
How about this:
MA pays £30m for 51% of the club.
The other 49% stays with SISU at 4% over LIBOR or similar and redeemed at promotion to PL for say, 30m
That way SISU don’t have control and haven’t damaged their balance sheet.
I doubt a man of Ashley’s purse size will be bowing to any demands from SISUHow about this:
MA pays £30m for 51% of the club.
The other 49% stays with SISU at 4% over LIBOR or similar and redeemed at promotion to PL for say, 30m
That way SISU don’t have control and haven’t damaged their balance sheet.
Old London interbank…. Doesn’t matter.I don’t know what LIBOR means.
I’m sticking with ‘reckons’ and ‘big Mike’s’ for now.
I don’t really give a shit, other than who knows what might have been agreed as part of the sale of ACL and the pitch did look quite nice last night.Well, if they can't who gives a shit? They've made their bed, etc etc.
I just can’t see how he would be interested in the Arena if he wasn’t interested in CCFC too. What concerns me is that he might be interested in Wasps too which means we haven’t seen the back of them. If what people are saying is true about Wasps having to play at least 2 years in where they last played this would mean MA is the only viable option for Wasps survival. On that basis you would think he could pick them up for peanuts so why wouldn’t he, it’s a fresh audience for the Sports Direct brand, it expands his interests in sport and so what if they can only sell 4000 tickets, just open only one stand like we have for the Johnson’s paint trophy games. Got a bad feeling we haven’t seen the last of Wasps.
It wouldn’t be a demand, it’s a compromise deal that’d probably work for both parties.I doubt a man of Ashley’s purse size will be bowing to any demands from SISU
I don’t know what LIBOR means.
Old London interbank…. Doesn’t matter.
Over Bank base rate.
How final is a "prefered bidder"?
Just looked, Kirchner was the prefered bidder for Derby.
SISU’s best out was to aquire stadium, revalue and then their investment was more realistic and tangible.just a few thoughts & guesses
of course ACL filed for administration there is a deal on the table and the preferred bidder & ACL need to be in control of it. Who else would file that wasnt a threat? I dont think it will take too long to sort out from here assuming no hidden skeletons.
If i were Ashley (assuming that he is the bidder and i see no reason to think otherwise really) the key to any ccfc ambitions he may have is to get hold of the stadium first. He can then wait as long as he wants, might be months could be a couple of years, before getting serious about acquiring CCFC
- CCFC locked into a lease with 8 years to run
- unless CCFC have their own stadium to move to then EFL wont sanction moving again
- everyone man and his dog knows that CCFC are struggling financially. This is something that SISU are going to find hard to change without investors stumping up more funds - not sure that will happen
- time is not on SISU side in terms of investment value. They are not funding player purchases, they are not able to withdraw funds, interest accruing but not getting paid. Debt rising, despite MR's brilliant job so far the risk of relegation remains high because team not funded etc. Players, the ones with high value will need to be sold. I dont see the value of CCFC/Otium increasing greatly from where it is. In fact as a purchaser would need to buy the assets not the company if major players sold overall value could drop
- relegation would certainly lower the value
- he would be in a position to distress the SISU investment simply by doing nothing, knowing he can drive a hard bargain before injecting his own money into the club under his ownership. Whilst taking the rent etc
Ashley getting hold of CCFC doesnt immediately get rid of the losses and it may need a year or two to really challenge the top of the Championship. I know everyone wants instant gain but its going to need patience i think
Curious as to who is going to be owning the arena, i doubt it will be Ashley himself, is it the House of Fraser Group via a NewCo ? Would make sense from a group tax point of view. Is it asset purchase (i would think so) or share purchase, i would think that Bondholders, Compass & HMRC are going to be happy with the deal.
If Ashley was no longer a director only a shareholder then the threat of any conflict of interest mitigated i think.
Just because he hasnt immediately chased for CCFC ownership doesnt mean he wont but he doesnt have to rush and it may well suit him imo. I think you have to look at it from an Ashley business point of view not from a CCFC fan one
In terms of the stadium itself. They need to, based on 2020 & 2019 figures, increase turnover whilst not increasing costs. Got to be aiming at minimum £1m pm average i would think. If not got loans to pay interest on then that's going to save over £1m pa. Likely to run at operational break even to begin with but the delapidations will hit the bottom line negatively. At least House of Fraser is a commercial entity not a sports ego trip or hedge fund investor
just thinking out loud
There was nothing to stop SISU putting in a pre-pack admin offer same as MA - which leaves me of the opinion that either they’re simply incompetent, or that there’s more going on than meets the eye.
just a few thoughts & guesses
of course ACL filed for administration there is a deal on the table and the preferred bidder & ACL need to be in control of it. Who else would file that wasnt a threat? I dont think it will take too long to sort out from here assuming no hidden skeletons.
If i were Ashley (assuming that he is the bidder and i see no reason to think otherwise really) the key to any ccfc ambitions he may have is to get hold of the stadium first. He can then wait as long as he wants, might be months could be a couple of years, before getting serious about acquiring CCFC
- CCFC locked into a lease with 8 years to run
- unless CCFC have their own stadium to move to then EFL wont sanction moving again
- everyone man and his dog knows that CCFC are struggling financially. This is something that SISU are going to find hard to change without investors stumping up more funds - not sure that will happen
- time is not on SISU side in terms of investment value. They are not funding player purchases, they are not able to withdraw funds, interest accruing but not getting paid. Debt rising, despite MR's brilliant job so far the risk of relegation remains high because team not funded etc. Players, the ones with high value will need to be sold. I dont see the value of CCFC/Otium increasing greatly from where it is. In fact as a purchaser would need to buy the assets not the company if major players sold overall value could drop
- relegation would certainly lower the value
- he would be in a position to distress the SISU investment simply by doing nothing, knowing he can drive a hard bargain before injecting his own money into the club under his ownership. Whilst taking the rent etc
he will be in a very strong position to obtain CCFC if he wants to simply by owning the stadium
Ashley getting hold of CCFC doesnt immediately get rid of the losses and it may need a year or two to really challenge the top of the Championship. I know everyone wants instant gain but its going to need patience i think
Curious as to who is going to be owning the arena, i doubt it will be Ashley himself, is it the House of Fraser Group via a NewCo ? Would make sense from a group tax point of view. Is it asset purchase (i would think so) or share purchase, i would think that Bondholders, Compass & HMRC are going to be happy with the deal.
If Ashley was no longer a director only a shareholder then the threat of any conflict of interest mitigated i think.
Just because he hasnt immediately chased for CCFC ownership doesnt mean he wont but he doesnt have to rush and it may well suit him to wait imo. I think you have to look at it from an Ashley business point of view not from a CCFC fan one
In terms of the stadium itself. They need to, based on 2020 & 2019 figures, increase turnover whilst not increasing costs. Got to be aiming at minimum £1m pm average i would think. If not got loans to pay interest on then that's going to save over £1m pa. Likely to run at operational break even to begin with but the delapidations will hit the bottom line negatively. At least House of Fraser is a commercial entity not a sports ego trip or hedge fund investor
just thinking out loud
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?