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It will be done hopefully by Xmas.

I hate him so much I became Tan Man in my avatar.

I hope an offer is accepted in principle so that Hoffman will ask SISU to release some funds to Andy Thorn and they will pick up the tab on completion. :guitar2:

Hopefully in time for the January transfer window

On ccfc site http://www.ccfc.co.uk/page/NewsDetail/0,,10269~2429835,00.html?

He can now as the offer has been made formal and SISU look like they will now take this seriously. It is like a game of chess this. You can't reveal all your cards at this stage of a takeover. To me I think SISU accept the offer in principal of Hoffman taking the debt away from them and the...

We want SISU out.... and trust me.... it looks like SISU want out as well... :wave:

Good stuff. Hasn't been rejected which is a start. This is the first stage of due diligence. NOW Hoffman will reveal the investors and proof of funds. Hoffman is not stupid, this is getting 'formal' now.

The council will work with Hoffman and Elliott but not SISU ;)

Also - to me with sun burnt Kenneth and Paul head in the Clouds as if they process for SISU exiting started? They seem to turn up at clubs when it is time for new ownership to takeover?

So what possible reason do SISU want this to drag on? The club goes further into the red each month? To me they thought a counter offer might come in do start a bidding war with Project Hoffman. Also, they thought Hoffman might want to invest with them as partners. But that ain't happening...

You would have thought that SISU being the so called savvy hedge fund would have done the due diligence and realised that to ensure a stable revenue stream that getting the ricoh share was key. Only in the last 6 months have they started banging on about getting the ricoh. Also there has been a...

Who is to blame or not for the timing of this takeover saga? This story has completely taken us away from football but the business of CCFC. Is this SISU trying to ensure they pocket cash from last minute player sales etc by deadline day and then they will sanction the takeover? The last...

The opportunity was there over the summer to bring in a few faces on free transfers. But sisu have blocked this and even if Hoff came in and bought the ricoh share but allowed free transfers and loans it would be good enough till stability comes on the financial side.

They want to get out but they will try their best to recoup the money they have put in.

Nick - you are spot on. CCFC are £30m in the red. So the value of CCFC is £0 Last few assets we have like the training ground have been remortgaged - so that is now a debt as well So Hoffman can't offer £30m to sisu as the formal offer because technically SISU would pocket the money and stick...

He doesn't until his Twitter account starts working again or he remembers his log in password "FRANCHISE SOCCER DRAFT PLAYER"

http://www.ccfpa.co.uk/wp-content/uploads/2011/04/New-Directors-ties-red.jpg Nice school boy tie look from Kenneth Tango Man :pimp:

In real terms CCFC is worth -£30m in the red CCFC has no value. The best deal for SISU is for someone to take the debt of their hands.