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Blackpool fc Sold for 10 Million (1 Viewer)

  • Thread starter covboy1987
  • Start date Jun 15, 2019
Forums New posts
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covboy1987

Well-Known Member
  • Jun 15, 2019
  • #1
Blackpool FC sold on Thursday for 10 Million includes the stadium training ground and hotel - Offer on the table for CCFC reported was 7.5 million rising to possibly 20 million - looks a good deal if you compare Blackpool's deal - Congratulations to Blackpool and hope everything goes well - incidentally purchased by a hong kong based hedge fund manager (Big fan in this instance)
 

clint van damme

Well-Known Member
  • Jun 15, 2019
  • #2
Just shows that whatever sisu value the club at, it's too much
 

Gray

Well-Known Member
  • Jun 15, 2019
  • #3
Being bailed out from dodgy owners by a hedge fund... What could possibly go wrong?
 
Reactions: Sick Boy, AStonesThrow, Pete in Portugal and 9 others
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Garryb80

Well-Known Member
  • Jun 15, 2019
  • #4
covboy1987 said:
Blackpool FC sold on Thursday for 10 Million includes the stadium training ground and hotel - Offer on the table for CCFC reported was 7.5 million rising to possibly 20 million - looks a good deal if you compare Blackpool's deal - Congratulations to Blackpool and hope everything goes well - incidentally purchased by a hong kong based hedge fund manager (Big fan in this instance)
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Not sure the comparison is that exact. Blackpool weren't sold by an independent owner therefore I assume it was sold to the best offer. In our case it is SISU's business to sell so they set their own price.
 
Reactions: mark82

chiefdave

Well-Known Member
  • Jun 15, 2019
  • #5
Didn't their debt get wiped with the recent court cases?
 

ccfcway

Well-Known Member
  • Jun 15, 2019
  • #6
chiefdave said:
Didn't their debt get wiped with the recent court cases?
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like ours with adminstration ?
 

chiefdave

Well-Known Member
  • Jun 15, 2019
  • #7
ccfcway said:
like ours with adminstration ?
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No, like an administration run by someone competent.
 
Reactions: TTG

ccfcway

Well-Known Member
  • Jun 15, 2019
  • #8
chiefdave said:
No, like an administration run by someone competent.
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Pretty sure sisu will say the adminstrator was competent
 

Liquid Gold

Well-Known Member
  • Jun 15, 2019
  • #9
Is it actually a hedge fund taking over?
 
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Seaside-Skyblue

Well-Known Member
  • Jun 15, 2019
  • #10
Yes also different as he's Blackpool born and bred and supports them too.

Sent from my SM-A310F using Tapatalk
 

fernandopartridge

Well-Known Member
  • Jun 16, 2019
  • #11
Seaside-Skyblue said:
Yes also different as he's Blackpool born and bred and supports them too.

Sent from my SM-A310F using Tapatalk
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It's pretty irrelevant really. The thing with hedge funds is that they're answerable to their investors to a much greater extent than the football club and fans.
 
Reactions: Covstu

cc84cov

Well-Known Member
  • Jun 16, 2019
  • #12
Garryb80 said:
Not sure the comparison is that exact. Blackpool weren't sold by an independent owner therefore I assume it was sold to the best offer. In our case it is SISU's business to sell so they set their own price.
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Sisu can value you it at what ever they won’t I’m pretty certain they are taking a loss when they finally do fuck off
 
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Garryb80

Well-Known Member
  • Jun 16, 2019
  • #13
cc84cov said:
Sisu can value you it at what ever they won’t I’m pretty certain they are taking a loss when they finally do fuck off
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So why would they sell at a huge loss rather than a minimal one?
 

Hobo

Well-Known Member
  • Jun 16, 2019
  • #14
fernandopartridge said:
It's pretty irrelevant really. The thing with hedge funds is that they're answerable to their investors to a much greater extent than the football club and fans.
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Which is why they shouldnt be deemed fit and proper owners as no one knows who the investors are and you cant rule out conflicting interests.
 
Reactions: Covstu, duffer and fernandopartridge

fernandopartridge

Well-Known Member
  • Jun 16, 2019
  • #15
Hobo said:
Which is why they shouldnt be deemed fit and proper owners as no one knows who the investors are and you cant rule out conflicting interests.
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Then again you could say that about any private investor in football. I've come to the conclusion that football clubs as for profit limited companies is the problem.
 
Reactions: Deleted member 5849
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Deleted member 5849

Guest
  • Jun 17, 2019
  • #16
fernandopartridge said:
Then again you could say that about any private investor in football. I've come to the conclusion that football clubs as for profit limited companies is the problem.
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Yup. The struggle will always be getting fans of successful teams to buy into it. Liverpool are owned by a hedge fund after all, and you'd find it hard to persuade their fans this is a problem atm.
 

Covstu

Well-Known Member
  • Jun 17, 2019
  • #17
Deleted member 5849 said:
Yup. The struggle will always be getting fans of successful teams to buy into it. Liverpool are owned by a hedge fund after all, and you'd find it hard to persuade their fans this is a problem atm.
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of course you would they didn't get their 2nd place trophy after all!!!
 

Covstu

Well-Known Member
  • Jun 17, 2019
  • #18
I hope everything works out for Blackpool and any team in that kind of mess but I cannot see how this would be deemed as a 'football' investment regardless of who the guy is. If they have all of the assets then this looks like a great commercial deal although Blackpool don't tend to have swaves of fans so growth will be minimal
 
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