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Doug King Takeover (3 Viewers)

  • Thread starter jackdg
  • Start date Nov 16, 2022
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Nick

Administrator
  • Nov 16, 2022
  • #316

You would think they would just extend exclusivity?
 

Nick

Administrator
  • Nov 16, 2022
  • #317
Brighton Sky Blue said:
If Ashley gets the stadium they pull the club out again?
Click to expand...

Why wouldn't they tell Ashley that?
 

AFCCOVENTRY

Well-Known Member
  • Nov 16, 2022
  • #318
So Doug King’s brother is the founder of King of Shaves and he’s invested in them,
 
Reactions: headinaviceboy
C

coop

Well-Known Member
  • Nov 16, 2022
  • #319
Think this has come at a strange time and do think that maybe Ashley was going to try for the club after getting the CBS.
 

Flying Fokker

Well-Known Member
  • Nov 16, 2022
  • #320

How Doug King’s hedge fund made a killing shorting oil: ‘Investors don’t really get bear markets’

King’s RCMA Merchant Commodity Fund is up 26% this year. In 2014, it was up almost 60%
www.fnlondon.com
 

jordan210

Well-Known Member
  • Nov 16, 2022
  • #321
Nick said:
It says Pall Mall on all the ones I can see, like Monopoly.
Click to expand...

Yup nothing on companies house shows as 96 Kensington High Street


Also 96 Kensington High Street is just a fancy serviced office.
 
Reactions: Happy_Martian and mark82
B

Brighton Sky Blue

Well-Known Member
  • Nov 16, 2022
  • #322
Nick said:
Why wouldn't they tell Ashley that?
Click to expand...

I find it hard to believe they haven't been in touch with him, directly or indirectly. And if they haven't, and their plan was for another of the hedge fund community to try and compete with him, they're worse at their jobs than I thought.
 

GaryJones

Well-Known Member
  • Nov 16, 2022
  • #323
TomRad85 said:
I mean, no sisu = good, but where the fuck does this leave us with Ashley and the stadium?

Sent from my SM-G973F using Tapatalk
Click to expand...
I think they will now get the stadium too. Pressure is on to make sure the football club own the stadium that was built for them in the first place - I think an awful lot of moral pressure will be applied to the administrators by both the club/new owner and the council.
I think this would be a “get out of jail free” card for the council!!!
As long as they come up with a competitive bid (I think they will) I think things will tip in their favour.
For me this is the best news possible - I feel we are on the up anyway and this COULD be the launch pad to “Operation Premiership””.
 
Reactions: Hutch11 and Londonccfcfan

Terry_dactyl

Well-Known Member
  • Nov 16, 2022
  • #324
Well, I’m late to this party! What the fuck is happening?!
It’s great news right?!
 

clint van damme

Well-Known Member
  • Nov 16, 2022
  • #325
GIMOC said:
RMCA same address as SISU. More I think about it, the more this is not as good as first thought
Click to expand...

Just coincidence, nothing to see, move along......
 

nicksig

Active Member
  • Nov 16, 2022
  • #326
Perryccfc said:
View attachment 27288
Click to expand...



The address is can see is 78 Pall Mall, London, SW1Y 5ES for RCMA
 
S

Super Graham Withey

Well-Known Member
  • Nov 16, 2022
  • #327
Brighton Sky Blue said:
If Ashley gets the stadium they pull the club out again?
Click to expand...
Yep. That's the plan.
 

David O'Day

Well-Known Member
  • Nov 16, 2022
  • #328
clint van damme said:
Just coincidence, nothing to see, move along......
Click to expand...
Doesn't even seem to be true
 

GIMOC

Well-Known Member
  • Nov 16, 2022
  • #329
jordan210 said:
Yup nothing on companies house shows as 96 Kensington High Street
Click to expand...

Just done some digging. Moved in 2021.
 

Attachments

  • FA9241B4-0FB1-49F4-9FDC-C9BE3E6F408F.jpeg
    265.7 KB · Views: 87

Nick

Administrator
  • Nov 16, 2022
  • #330
Brighton Sky Blue said:
I find it hard to believe they haven't been in touch with him, directly or indirectly. And if they haven't, and their plan was for another of the hedge fund community to try and compete with him, they're worse at their jobs than I thought.
Click to expand...

Compete with him for what?

The club?
 

Covcraig@bury

Well-Known Member
  • Nov 16, 2022
  • #331
He also shares the same building as Sisu in London
 

fernandopartridge

Well-Known Member
  • Nov 16, 2022
  • #332
David O'Day said:
Doesn't even seem to be true
Click to expand...

It is true per the last published accounts of RCMA
 

David O'Day

Well-Known Member
  • Nov 16, 2022
  • #333
clint van damme said:
Just coincidence, nothing to see, move along......
Click to expand...

SISU

SISU CAPITAL LIMITED overview - Find and update company information - GOV.UK

SISU CAPITAL LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk

RCMA

RCMA CAPITAL LLP overview - Find and update company information - GOV.UK

RCMA CAPITAL LLP - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
 

SHUNT31

Well-Known Member
  • Nov 16, 2022
  • #334
CCFCSteve said:
I agree that an equity bid suggests an offer to buy ACL solvently which could potentially take the court out of the equation ie court not willing to pass judgement tomorrow/possible adjournment maybe. Who knows. Taking the stadium on with 35m of bondholder debt attached to it doesn’t really make sense though

Let’s see how tomorrow plays out…interesting times
Click to expand...

Long term though, is £35m really that expensive to secure the football clubs home for 242 years?

Also, the stadium is worth more to the club than any third party.
 

David O'Day

Well-Known Member
  • Nov 16, 2022
  • #335
Covcraig@bury said:
He also shares the same building as Sisu in London
Click to expand...

Not according to companies house

RCMA CAPITAL LLP overview - Find and update company information - GOV.UK

RCMA CAPITAL LLP - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
 

Skybluefaz

Well-Known Member
  • Nov 16, 2022
  • #336

Here's what I just found on pomanda.com - douglas-king

View the official director profile of Mr Douglas Richard John King (born January 1967) and track their directorships and related directors over time on Pomanda
pomanda.com

Don't know how accurate this information is, whether it's already been posted, or if this is the good news I hope it is.
 

Nick

Administrator
  • Nov 16, 2022
  • #337
GIMOC said:
Just done some digging. Moved in 2021.
Click to expand...

239 businesses with that address.

Looks like serviced / virtual office space.
 

AFCCOVENTRY

Well-Known Member
  • Nov 16, 2022
  • #338
The combined cash at bank value for all businesses where DOUGLAS holds a current appointment equals £17m, a combined total current assets value of £52m with a total current liabilities of £32m and a total current net worth of £31m. Roles associated with Mr Douglas Richard John King within the recorded businesses include: Director, Llp Designated Member
 

Winny the Bish

Well-Known Member
  • Nov 16, 2022
  • #339
Covcraig@bury said:
He also shares the same building as Sisu in London
Click to expand...
So do 100+ other companies. Could be a coincidence, could not be.
 
T

The CableGuy

Well-Known Member
  • Nov 16, 2022
  • #340
God save our Rapeseed King!
Long live our City King!
God save the King!
He'll keep City victorious,
Make City Happy and glorious,
And he will promoteeee us
God save the King!
 
Reactions: SkyBlueSam01, ccfcrob and MAFF

David O'Day

Well-Known Member
  • Nov 16, 2022
  • #341
skyblue93 said:
So do 100+ other companies. Could be a coincidence, could not be.
Click to expand...
Do they though? Not what i can see

SISU CAPITAL LIMITED overview - Find and update company information - GOV.UK

SISU CAPITAL LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk

RCMA CAPITAL LLP overview - Find and update company information - GOV.UK

RCMA CAPITAL LLP - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 16, 2022
  • #342
Nick said:
Compete with him for what?

The club?
Click to expand...

The stadium. If there's a consensus that Ashley wanted the club as well, but his only crime is to have dealt with the council to get the stadium, it's pissing away a better opportunity not just for CCFC but SISU as well.

If Ashley offers more for the stadium he's getting it and will be quite happy to call their bluff if it comes to threats to pull the club out of the city again.
 

tisza

Well-Known Member
  • Nov 16, 2022
  • #343
Smart guy. Finance man. Don't get distracted by the rapeseed as that is going to be a huge business ( only in it's early stages and he's got in early).
 

Liquid Gold

Well-Known Member
  • Nov 16, 2022
  • #344
Nick said:
239 businesses with that address.

Looks like serviced / virtual office space.
Click to expand...
It is, I googled it as soon as I saw it on twitter and it'll be a building of small offices that basically receive post.
 
Reactions: mark82

Londonccfcfan

Well-Known Member
  • Nov 16, 2022
  • #345
Happy_Martian said:
For those asking about the cash....

From the statement on BBC:

"King is chief executive of Stratford-upon-Avon based oilseed processing facility Yelo Enterprises, who have invested more than £70m in the region.

He previously founded investment firm RCMA Capital LLP - which has overseas investments of more than £400m - and of which he remains majority owner."

He may have a few quid to his name £6.50 in loose change and a packet of Cheese and Onion Crisps
Click to expand...

Overseeing investments of £400m is literally fuck all.

But this is incredible news, hearts literally racing.
 

jordan210

Well-Known Member
  • Nov 16, 2022
  • #346
GIMOC said:
Just done some digging. Moved in 2021.
Click to expand...

Website shows it as a fancy rent a space

Pavilion - London’s premier luxury workspace and private member facilities

PAVILION CLUB IS AN ECLECTIC BLEND OF LUXURY WORKSPACE AND EXQUISITE PRIVATE MEMBERS' FACILITIES
www.pavilion.club
 

Londonccfcfan

Well-Known Member
  • Nov 16, 2022
  • #347
Evo1883 said:
Can flap it all day but I've a feeling that no contract we can offer will keep the lad here , we need to cash in as soon as an acceptable offer comes in
Click to expand...
This just means we wont be desperate and held to ransom for a fee
 

AFCCOVENTRY

Well-Known Member
  • Nov 16, 2022
  • #348
 
Reactions: Sky Blue Pete and ccfcrob

Evo1883

Well-Known Member
  • Nov 16, 2022
  • #349
Super Graham Withey said:
Yep. That's the plan.
Click to expand...
You know this ?
 

Bernie Rhodes Nose

Well-Known Member
  • Nov 16, 2022
  • #350
stay_up_skyblues said:
Put CWR on for the inevitable wall to wall, in depth coverage. The fucking Beegees playing.
Click to expand...
Staying Alive?
 
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