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On the basis of the official statement from SISU reported by Reid there never were any talks. So what we had it seems was a bid communicated to SISU by Hoffman's syndicate that was flatly turned down. No discussion but Hoffman has not as yet given up - so most likely is writing another letter...

But that's the bit that really annoys me however big or small the lie or misdirection. It is either deliberate or lazy, the facts are out there and have been for some time. The effect of such misdirection is to create confusion, bitterness, conflict and division....... which allows the likes of...

Just to be clear the OP gives the main frameworks. Within that there are options for negotiation, eg loan write downs, pay offs in the pound, what happens to Ryton, performance payments, what assets or liabilities actually taken on etc My feeling is that any deal would be done in tried and...

Liquidation you mean? Well under league rules I believe the player contracts and rights to income are cancelled by such an event Leaving Ryton and equipment to sell in a forced sale ......... well south of £1m I would think, less liquidators costs not really an option, other than in spite

yes they could. 500k equates to less than 4% for the ARVO debt. I would think that ARVO might prefer a sale of assets to a new company considering ARVO has a charge over all the assets and therefore get paid the proceeds before they are applied to other creditors

Also all of a sudden it is being quoted that they only paid £1 for the company ...... it is not the consideration day 1 shown in the 2008 accounts?

yes they could but for the ARVO loan itself that's a settlement of 2.6m

They have put in around 32m cash (SISU 18m ARVO 13M) as far as I can see but some of that might be selling services in and calling it a loan. The original loan was really taking responsibility for the net creditors, introducing that in to SBS&L and letting the group pay for it - end of the day...

they might write some of the debt or even all of it off depends on the need to sell or not. Due to the level of debt even a 50% write off would still leave them as the biggest creditor. Which is why my preferred option would be buy the football assets and take on the football debts

as for going over to the dark side ;) :D ........... I am not against anyone making a bid to rid us of SISU, my support comes with them convincing me they are the right people with the right plan and the means to see it through

I think you are correct. That said I do not think that is a deal which would be done

who is this group, what substance do they have, how are they doing the deal, do they have means not only to buy now but to fund it later, whats the plan etc. Need more information before I get behind anyone blindly no matter how much I want SISU gone. Club is too important to me to let the same...

Lot of differing information floating about but here are some of the nuts and bolts of it 1) Decide what it is that you are buying. This falls in to a couple of sections - Do you buy the SBS&L Group by buying the ordinary shares of that company. It is not necessary to do so, surely a...

Got to wonder who it is who has been leaking the various rumours via random fans and to what purpose. There has been interest before and the club/owners have not put out the details. So why now? Seems unlikely that such leaks would have been placed with the sources claiming the scoop by SISU...

So bottom line currently is - no offer has ever been agreed in principle or otherwise - the only offer we have details of has been dismissed quickly and firmly by club/owners as being no where close to their expectation - having been told that Hoffman wasn't involved it turns out he is - local...

for something that is worth £0

I think that as we reasonably assume where Reid gets his information from the values in his latest article will be pretty much on the money. Not only that but I would think his tone reflects the tone of the owners I don't think she will deal with Hoffman full stop but why for gods sake cut and...

So if the offer was made last weekend and the club statement today says it isn't credible for SISU its a non starter surely. Some will say its the start of negotiations but is it? The club statement is actually quite scathing of the bid if you read it. As too is the content from Reid The club...

The ST sales belong to Otium. Its going to depend on what would be sold. If it were the shares in Otium then the money goes with it (with proviso that SISU etc may claim to pay down a loan or debt eg ARVO. That is quite legitimate) However anyone worth their salt would know about the ST income...

No real surprise really. If Reid is right and he seems to be the official mouth piece of TF & CCFC there are a number of implications I take from his article - that there have been offers just not ones that meet SISU's valuation - that any offer involving Hoffman will not be welcomed - that...