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Breaking- New Consortium Bid (1 Viewer)

  • Thread starter Briles
  • Start date Mar 20, 2019
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skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #141
chiefdave said:
WTF are you on about?

SISU are a private entity potentially selling assets to another private entity. They will know the value of those assets and appear to want significantly more than the current value. They appear to have no desire to sell and hence haven't put the club up for sale.

The council are answerable to the taxpayer. They had an asset they wished to sell yet rather than market it properly ensuring maximum return for the taxpayer they sold it in secret while repeatedly making false public statements about the performance of the business.

How have you managed to equate those two situations?
Click to expand...

They’ve answered to the taxpayer haven’t they? One JR and another firmly rebuffed. There’s no argument to say legally they’ve done anything wrong by the taxpayer.

The point is and you’ve demonstrated it perfectly that you’re willing to accept that SISU don’t answer to anyone and you’ OK with that. I happen to think a bit more about CCFC than that.
 
Reactions: shmmeee and Captain Dart

olderskyblue

Well-Known Member
  • Mar 20, 2019
  • #142
Nick said:
I wasn't about three months ago when I said this would happen.
Click to expand...

You said it 3 months ago? You should have mentioned that...
 
Reactions: 6 Generations, skybluetony176 and Deleted member 5849

clint van damme

Well-Known Member
  • Mar 20, 2019
  • #143
Why would sisu accept their bid now?
If we don't go up the value of the club won't decrease but if by some slim chance we get promoted it will be worth significantly more.
 

Evo1883

Well-Known Member
  • Mar 20, 2019
  • #144
Nick said:
Of course that's the aim now. Get everybody worked up. The same as the telegraph have been trying.

What else is the "pressure" you think going public does?
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The aim is to try and acquire a football club which is in turmoil off field and it’s owners appear to Be backed into a corner by every party who it should have on its side .

The purpose of going public is to let people know that despite money being offered the owners are still unwilling to even discuss the possibility of selling up , which is absolutely fucking bizarre to say the least considering the circumstances and the damage Done to their name and reputation already
 
Reactions: COVKIDSNEVERQUIT and Captain Dart

Nick

Administrator
  • Mar 20, 2019
  • #145
olderskyblue said:
You said it 3 months ago? You should have mentioned that...
Click to expand...
Don't tell anybody, im trying not to mention it.
 
Reactions: olderskyblue

usskyblue

Well-Known Member
  • Mar 20, 2019
  • #146
Evo1883 said:
The aim is to try and acquire a football club which is in turmoil off field and it’s owners appear to Be backed into a corner by every party who it should have on its side .

The purpose of going public is to let people know that despite money being offered the owners are still unwilling to even discuss the possibility of selling up , which is absolutely fucking bizarre to say the least considering the circumstances and the damage Done to their name and reputation already
Click to expand...

There’s more reputations than SISU’s in the toilet
 

ccfcway

Well-Known Member
  • Mar 20, 2019
  • #147
it’s like Groundhog Day.

Sisu have more good will to leave the Ricoh this time, and no doubt more fans will follow than Northampton, but you can still see a “protest” on the last home game of the season, especially if we nothing to play for. Get the plastic pigs or the whistles at the ready !!
 

Evo1883

Well-Known Member
  • Mar 20, 2019
  • #148
fernandopartridge said:
In terms of business lol. Hostile takeovers from apparent fans
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Sisu took us over when we were on our knees , we are currently bending at the moment but pretty soon under these clowns will Be on our knees yet again .

They need to look at recouping some of their supposed investment and fucking off, for the good of CCFC
 

Nick

Administrator
  • Mar 20, 2019
  • #149
Evo1883 said:
The aim is to try and acquire a football club which is in turmoil off field and it’s owners appear to Be backed into a corner by every party who it should have on its side .

The purpose of going public is to let people know that despite money being offered the owners are still unwilling to even discuss the possibility of selling up , which is absolutely fucking bizarre to say the least considering the circumstances and the damage Done to their name and reputation already
Click to expand...

It is backed into a corner on purpose, thinking that sisu are suddenly going to Panic and sell to Hoffman is just as naive as thinking Evans was serious.

They would have seen it coming, there will be multiple plans in place. The worry should be what those are.

You really think that's the only reason he goes straight to the press every time? Naive at best.

Can you not see it was lined up with the telegraph rehashing ground share stuff we already knew, then Hoffman pops up and can prevent that with his deal agreed.
 
Reactions: eastwoodsdustman

Evo1883

Well-Known Member
  • Mar 20, 2019
  • #150
usskyblue said:
There’s more reputations than SISU’s in the toilet
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I agree , but the future of the other parties involved seems tied up , for sisu to continue operating they need new business all the time

who in their right minds would go there
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #151
oldfiver said:
The previous offer included half the value of Ryton I think

So if current offer is £7m

70% LTV mortgage = £5k
WASPS / CCC / SBT / whoever = £2m ??????????
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So what’s the value of Ryton then?
 

Evo1883

Well-Known Member
  • Mar 20, 2019
  • #152
they ain’t selling anyway so literally is no point talking about it , could offer 20 mill upfront and prove it and they would say no .

They have a more sinister plan for ccfc , we will find out eventually
 

Grendel

Well-Known Member
  • Mar 20, 2019
  • #153
skybluetony176 said:
I happen to think a bit more about CCFC than that.
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Hilarious really. Even more so Dart liked it. It’s lazy fans like you and Dart that have helped create the mess in the first place
 
Reactions: AStonesThrow

Gibbo

Well-Known Member
  • Mar 20, 2019
  • #154
Tommo72 said:
However you want to answer the question?
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In terms of the budget for player acquisition and wages - the key measure for fans - Hoffman is unlikely to be much different from the current day to day set up under SISU. They do not seem to have the muscle to be sugar daddies, so it would be as you were.
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #155
Nick said:
You think what Hoffman does is a normal takeover behaviour?

It worries me how easily people fall for things. Its a stunt at the minute, the same as last time.
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For there to be normal takeover behaviour (whatever that’s supposed to mean) you would expect normal ownership behaviour to lead that.
 
C

coop

Well-Known Member
  • Mar 20, 2019
  • #156
Enough of this bullshit.Anyone looking forward to the last Saturday game of the season at our home ground the Ricoh Arena.
 

Paxman II

Well-Known Member
  • Mar 20, 2019
  • #157
Oh no not this again!
Look to get SISU to budge you will need upwards of 15m more likely nearer 20m and they will then take notice.
Is that fair? No but it's a realistic approach. If that includes future player sales money or % of old players resell, so be it.
get WASP to agree a long term deal with the consortium in principal and have them totally refuse a deal with SISU and you have them struggling to turn down such an offer.

Lets not go over all the figures again....that's the reality of what will make SISU play ball.
 

ccfcway

Well-Known Member
  • Mar 20, 2019
  • #158
Nick said:
You think what Hoffman does is a normal takeover behaviour?

It worries me how easily people fall for things. Its a stunt at the minute, the same as last time.
Click to expand...

Genuine question. How’s many how many people do you think fall for it ?. 100, 1000, 10000 ?
 

shmmeee

Well-Known Member
  • Mar 20, 2019
  • #159
fernandopartridge said:
In terms of business lol. Hostile takeovers from apparent fans
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Since when is putting a bid in a “hostile takeover”.

People seeing what they want to here. It’s the obvious time to put a bid in as the situation is changing.

Glad it was rejected. Hoffman’s a joker. Why would Sisu sell now? They clearly don’t want to and have a plan in place. Just another example of why Hoffman should be nowhere near the club.
 
Reactions: ccfcrob, eastwoodsdustman and Paxman II

shmmeee

Well-Known Member
  • Mar 20, 2019
  • #160
ccfcway said:
Genuine question. How’s many how many people do you think fall for it ?. 100, 1000, 10000 ?
Click to expand...

Everyone - (Nick + Grendel)
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #161
usskyblue said:
SISU say he’s not revealing who’s in the consortium. If that’s true, how the eff can you show proof of funds ?
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One of them sponsors the academy so I ain’t buying SISU’s line for a minute M8.

Then again, as they show little interest in the club maybe they don’t know err..

...M8
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #162
SBAndy said:
Can you honestly trust the integrity of a ‘consortium’ who believed Dale Evans was full of money?
Click to expand...

Yeah. That’s my major concern.
 
Reactions: shmmeee

ccfcway

Well-Known Member
  • Mar 20, 2019
  • #163
A newspaper that no one reads announces a bid for a club that very few people (compared to the geographical audience) watch. Of those people, some believe the story, whilst most have seen and heard it all before,knowing that the owners are in this for a gold bar, not a lion bar
 
Reactions: ccfcrob

AStonesThrow

Well-Known Member
  • Mar 20, 2019
  • #164
Th
Evo1883 said:
The aim is to try and acquire a football club which is in turmoil off field and it’s owners appear to Be backed into a corner by every party who it should have on its side .

The purpose of going public is to let people know that despite money being offered the owners are still unwilling to even discuss the possibility of selling up , which is absolutely fucking bizarre to say the least considering the circumstances and the damage Done to their name and reputation already
Click to expand...
This is the thing, SISU have no reputation anyway, ask anyone who works in any other London company/hedge fund. They're nothing in the hedge fund world. They're just playing dress up
 
O

oldfiver

Well-Known Member
  • Mar 20, 2019
  • #165
skybluetony176 said:
So what’s the value of Ryton then?
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£7 - £8m for residential
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #166
Grendel said:
Hilarious really. Even more so Dart liked it. It’s lazy fans like you and Dart that have helped create the mess in the first place
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Is that a fact.
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #167
oldfiver said:
£7 - £8m for residential
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It doesn’t have planning for residential so it’s not worth that much.
 
Reactions: Gibbo

Gibbo

Well-Known Member
  • Mar 20, 2019
  • #168
Buster said:
Nick was asked what sort of a club owner he would like and said ,one with a shit load of money .
Dont think thats gonna happen . i'd like somebody who wants to see the club do well,a supporter. Somebody you could get behind .
Hope Gary Hoffman and co do one day succeed with there bid
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I actually think, after a decade of cock ups, Fisher has worked out how to run the finances of a lower league team, what the numbers are, what you need to spend, and how. However it does depend on having a good manager and thus far Robins is the only good one he has ever found out of 9 appointments. If I were him I would see promotion as a double edged sword as the numbers, and thus the business risk are so much greater. The problem with Hoffman is that, while financially being little different from SISU in terms of the crucial relationship with Wasps, he will be starting from scratch with regards the day to day business knowledge of a third tier football team. We don't just want SISU out, that is only half the equation, we need it replaced by a financial set up that can fund prosperity in the Championship (forget the Prem - waste of time and money).
 
Reactions: ccfcrob, Limey, eastwoodsdustman and 1 other person
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oldfiver

Well-Known Member
  • Mar 20, 2019
  • #169
Evo1883 said:
The offer is more than reasonable , even OSB has stated so based off the assets .

There’s no market here , just bored middle aged men looking to have a go at the only show in town willing to put a bid in
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What does that value WASPS at then?
Accounts due end of month - they need some good news?
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #170
Anyone notice the irony/hypocrisy of a hedge fund moaning about a lack of identity of the consortium? Maybe SISU are about to confirm who has invested in the club to avoid hypocrisy.
 
Reactions: hopesprings, chickentikkamasala, RegTheDonk and 2 others
O

oldfiver

Well-Known Member
  • Mar 20, 2019
  • #171
skybluetony176 said:
It doesn’t have planning for residential so it’s not worth that much.
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It was one of those council commercially confidential meetings
 
Reactions: Old Warwickshire lad
S

SkyblueBazza

Well-Known Member
  • Mar 20, 2019
  • #172
djr8369 said:
What do SISU want?


Sent from my iPhone using Tapatalk
Click to expand...
Err...The Ricoh Arena...for free

Sent from my SM-G935F using Tapatalk
 
Reactions: hopesprings and CanadianCCFC

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #173
oldfiver said:
It was one of those council commercially confidential meetings
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It isn’t. Planning applications are public record. It ain’t worth what you have mistakenly assumed it is. If they got outline planning that would be different. And public knowledge.
 
O

oldfiver

Well-Known Member
  • Mar 20, 2019
  • #174
skybluetony176 said:
It isn’t. Planning applications are public record. It ain’t worth what you have mistakenly assumed it is. If they got outline planning that would be different. And public knowledge.
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Well Mr Hoffman thought otherwise
The third bid involved just over £2million cash up front and allowing Sisu to keep the club’s Ryton training ground to sell for housing.

It is also possible to have off the record meetings with the planners about a proposed development.
 

skybluetony176

Well-Known Member
  • Mar 20, 2019
  • #175
oldfiver said:
Well Mr Hoffman thought otherwise
The third bid involved just over £2million cash up front and allowing Sisu to keep the club’s Ryton training ground to sell for housing.

It is also possible to have off the record meetings with the planners about a proposed development.
Click to expand...

I can’t say I know the details of the current bid but I’m not sure either way that it proves that Ryton is worth more than £7M or that Hoffman ever thought it was whether the current offer is based on Ryton being part of the bid or not.

It is possible to have meetings with local authorities about proposed developments, in fact I would say that is the norm. Still not the same as having outline planning consent though and that would be where the value is. Did it even get added into the town plan in the end? Don’t think it did.
 
Reactions: Captain Dart
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