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That worries me. Sounds like OSB was correct in his concern that Hoffman and his consortium don't have the funds themselves. We're hardly flush with money as it is, promising to give up 50% of future transfer fees and selling the training ground (where would we train?) surely has implications...

Is he starting up his own hedge fund :greedy:

The leak didn't come from Reid and the Observer it came from Italia on here and I highly doubt that came via SISU.

Haven't listened yet, which one of these statements is correct. Has he or has he not provided proof of funds and details of the investors?

Some good news at last. Who did he say were the other investors?

Would love to see this as a positive and a sign that a decent offer that could be accepted is likely but this doesn't seem to be it. I can't see SISU living on the promise of some money down the line if things go well. They know from the last 10 years how that plan can work out. Reckon they will...

The same Hoffman that was moaning yesterday about 'the club' making it known he had made a bid as it was supposed to be confidential?

As they say seven figure rather than an amount I'd say its £1m. Better but still a long way off what SISU will be looking for. In my opinion SISU aren't going to be interested in anything that involves a big chunk of the payment coming years down the line if any success is achieved. You'd have...

they must have all been sold.

Would be foolish of anyone to think the timing was coincidental. That's the way forward. Put in a serious bid, show who the investors are and give proof of funds. Even better if they let the supporters know they have a viable plan and the backing to make it work. Do that and I doubt there...

Are you sure you've got the right place? Problem is you only have to look at social media to see many people are falling for the same thing again. Its all complaints about SISU rejecting the offer, SISU breaking commercial confidentiality (despite the fact its clear the leaks came from...

It said they weren't provided didn't it? Not that they had requested them.

The person they've charged with this is reported as a market trader who was planning to cash in when the incident caused their share value to drop.

Its the same thing that the Observer have been told.

Is he religious? Its not from the bible or anything is it?

I don't think there's an accountant around that would argue against them if they said CCFC isn't a viable business and wound it up. Then everything gets sold off and whatever comes in goes to those owed the money, i.e.: SISU. The first offer should be something approaching that figure. Far...

And money still due on players already sold and potential add ons.

Remember Elliot was the one who wanted to close the academy. For all we know if Wasps are involved the plan could be to let SISU have Ryton, shut the academy, let Wasps pocket the naming rights and then we struggle on with Hoff and Joe running things. That's why it is so important to know more...

Not at all, but if they are involved that is a very important detail. Given that they've stated they are a property development company with a rugby club on the side where do you think we would come on their list of priorities?