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No, he knew nothing about running a football club when he arrived here and knows even less now.

I think this is rather clever of ACL and perfectly timed, i.e. after indicative and before final bids. At this time, nobody can be certain how long administration will last and this offer does provide certainty of a ground where the club can, at least, start the season. It would be a foolish...

What, after ACL had gone broke in 2006? Or do your delusions go as far as Yorkshire Bank waiving repayment of the mortgage?

One thing this bid does show - ACL and the council are not at all worried about the Judicial Review.

Thank you for the long post. Unfortunately, the answer above is misleading drivel, so I wouldn't have too much confidence in the rest of his answers.

Sheffield Wednesday - maybe he is offering SISU a swap or a part-exchange?

Someone thought it was an eagle... but it turned out to be two turkeys.

Is this OSB?

Good find Jack. I wonder how much of this comes from non match day sales - The Valley is used for conferences, weddings, parties etc, the University of Greenwich has a college attached and there is a fitness club, crèche, croupiers school, etc. A mini Ricoh!

People with £10m, that can be gambled as casually as you are suggesting, don't deal with tinpot outfits like SISU.

Thanks. I don't remember TF saying that about BDO and due diligence, but if they did act for SISU, I presume they would have offered different levels of service e.g. a factual account of trading position showing income, expenses etc.; or a more in-depth review of contractual liabilities...

A question for oldskyblue58. Fisher made a big case last night for the mess the accounts were in when SISU took over. I know you don't have access to the details, but how much of this would have been evident at the time of the takeover if a thorough audit had been conducted? Or is this...

Over the years, I have seen a lot of people like Fisher in the City. Stolid, but unremarkable they stay at the same company for years and get promoted as others leave. Eventually they get promoted above their level of competence and get fired. No one else in the City will employ them, so they...

Don't expect a rush of answers, I doubt if many of them will have heard of him. I did ask a Charlton fan a while ago who, after a bit of prompting and a chat with his family, remembered him. He was appointed, as a consultant, by the Charlton chairman when the group that eventually bought the...

If the club remains in administration.... there is likely to be a Portsmouth situation. Yes please!

Coaching staff and stewards turning on them now. Is Gary McSheffry in the audience?

They are required to provide these details to investors but there is no obligation to make them public. The last I heard, the hedge fund was 95% owned by the Kuwait government pension fund - a potentially unfortunate situation for both parties. If the pension fund wished to withdraw its money...

I am not entirely sure of the reporting requirements as they apply (currently) to hedge funds but other funds are required to provide details and I suspect the same would apply to hedge funds either under NYSE or LSE regulation. In any case, hedge funds will be more tightly regulated from next...

Probably a good idea not to go down this road. You can be sure investors will be studying the regular reports of where the fund is invested - particularly when it has been losing them money for the last 5 years.

What other conclusion would I reach when I read their accounts, they do not have any money. Forget the hedge fund they manage, that is their investors' money. Any investment fund, even one as lightly regulated as a hedge fund, that used investors' money to prop up another ailing investment would...