Tommo1993
Well-Known Member
Don’t know. Just sick of seeing that ‘I’ word now. Though I’ve no reason to believe this ownership will make us any more prosperous, I’m getting fidgety and discontent.
Doug King Takeover (14 Viewers)
- Thread starter jackdg
- Start date
Don’t know. Just sick of seeing that ‘I’ word now. Though I’ve no reason to believe this ownership will make us any more prosperous, I’m getting fidgety and discontent.
hill83
Well-Known Member
Champions League in 2 years
edgy
Well-Known Member
I know it was only words but his "we wont be selling" spiel at the CBS court case is his first test.
alexccfc99
Well-Known Member
Honest answer - I don’t know
But the club cannot do anything else at this level under it’s current structure and ownership other than just treading water
It’s a risk, it’s up to each Individual to decide whether it’s one that’s worth taking
hill83
Well-Known Member
words are all he has, to take your heart away
NorthernWisdom
Well-Known Member
Hopefully a clean slate makes us better off, if we're not having to serve interest charges to run up debt, anyway.
Cata
Well-Known Member
Smile an everlasting smile ahh the Bee Gees, takes me back
Samo
Well-Known Member
If the new ownership makes us more prosperous than in administration or in League 1, we are already better off, because without it, that is where we are headed.
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Cov98
Well-Known Member
Personally, I'm unsure. But it's clear that with SISU as the sole owners we're not going to go any further than this and more than likely backwards. Robins can work wonders on a small budget so even a modest increase should serve us well.
alexccfc99
Well-Known Member
So if or when the takeover goes through the self labelled ITK who threw his teddies out the pram cause some people didn’t believe him, was incorrect all along then?
slowpoke
Well-Known Member
I still can’t decide what has motivated King to buy us is he a lone wolf, a front for others, what do sisu expect for their 15%, could King sell his 85% or part of it to anybody as usual there are more questions than answers.
Owning a football club especially a championship one is an expensive business.
Owning a football club especially a championship one is an expensive business.
Cata
Well-Known Member
I don't know the answer to your questions on DK, but my guess on retaining the 15% is it is a hedge against future years promotion to the premier league. The value of the club would increase massively even if we still pay rent for the Arena. Then the 15% would be sold PDQ
Earlsdon_Skyblue1
Well-Known Member
Can someone please send this thread to the club, The EFL, or a mental health charity. Please, I can't take it anymore.
Cata
Well-Known Member
sorry to depress you further, but having written to the EFL before and not received a response I wrote to the club and got this :
"For other enquiries, we aim to respond to your e-mail within a maximum of 10 working days". As for a charity, they may take pity on is, but we already have a shed load of that. Keep the faith. PUSB
clint van damme
Well-Known Member
I wasn't expecting it to happen, I think I'll be wrong about that.
When it does, I'm expecting Robins to have a better budget but I don't think we'll be spunking millions, though as the saying goes, every little helps.
Grendel
Well-Known Member
You don't need to retain any shares for that - in fact it would not ensure anything. Who would Sisu sell the shares to? Still be worthless.
ruralcov
Member
Could it be that the takeover has now happened and we are working on deals before the announcement is made so that we can try and negotiate better deals than once clubs are alerted to our new situation? This however begs the question who's announcement is it? EFL's or CCFC to make
mark82
Moderator
Cata
Well-Known Member
If they do not retain a share then they have no further interest in the club, so if they wanted to profit from a potential rise in value they would definitely need to retain an interest. True it ensures nothing, but if promotion happened, the shares would not be difficult to shift, particularly with their knowledge of the financial markets, maybe DK fancies the lot?
Grendel
Well-Known Member
Its all pretty strange
No-one knows what King is actually paying and what for. If it includes SB and L why? That would raise real concerns over legitimacy. If its Otium why 85%? Is he unable to pay AVRO the value of its debt? Will that still exist and need paying back?
Owners even before purchase often show some kind of vision, statement of intent etc as to what they are doing and why they have purchased the club
The Club is losing money every month and has no actual ability to play fixtures next season
There would be nothing to have stopped King agreeing a deal with FG over secure tenure before purchase. In fact who would not do that before an actual purchase anyway? There is nothing to stop FG from saying goodbye or making the club pay £5 million a year. What sensible business man would do that? Have these discussions even happened? If not then why purchase at high risk a loss making business where there is seemingly no actual emotional attachment which could cease to exist in a matter of weeks?
More questions than answers to me
Grendel
Well-Known Member
They wouldn't. This is not a stock market company. The shares are what people are prepared to pay for them. King if he owns 85% does not have to pay a penny for the remaining 15% - why would he? Who else would? No legal requirement to ever pay a dividend on them is there? Could be winning the Champions League and still no requirements.
Promotion doesn't add any value at all unless King also sells and even then no one needs to buy the 15% do they? Is Fisher still the only Board member? Or will Seppalla insist on Sisu boardroom control still?
Sisu could put an agreement in with a an agreed payment as part of the sale if promotion happens - or on player sale percentages - with zero need to still own shares
Makes no sense and again no one knows what the ownership retention is and in which company
Cata
Well-Known Member
fine we shall agree to disagree. Have a great day!
shy_tall_knight
Well-Known Member
Could the delay be because SISU can't remember where they put the golden share
I bet he knows
I bet he knows
pusbccfc
Well-Known Member
Owning a football club is a rich boys club. We are a good season away from the bright lights of the Premier League.
hill83
Well-Known Member
That’s the original reason Sisu took us over. Easy sell to their investors. And it clearly worked as well, it’s been an amazing few years.
itsabuzzard
Well-Known Member
hill83
Well-Known Member
Not been into dinosaurs for years
Skyblueweeman
Well-Known Member
Wasn't it 'the next day or two'?
hill83
Well-Known Member
24 working hours
COVKIDSNEVERQUIT
Well-Known Member
hill83
Well-Known Member
Euro league in 3 years
