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Doug King Takeover (6 Viewers)

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

Well-Known Member
  • Jan 10, 2023
  • #4,551
Saddlebrains said:
Oh 100%, I'm big enough to take it. Been peppered on here a few times tbh i think it turns me on
Click to expand...

shy_tall_knight said:
Had this happened back in March before WASPs went belly up, then I would have had more confidence in it, it just seemed opportunistic with the stadium potentially going to Ashley that it was a last desperate attempt to derail it. A £25m conditional offer, with no serious due diligence was seen by the administrator for what it was. IMO this hasn't got over the line because SISU/King haven't really got the appetite for it. could be wrong.
Click to expand...

Just out of interest, why do you call them WASPs ?
 
S

shy_tall_knight

Well-Known Member
  • Jan 10, 2023
  • #4,552
Samo said:
Just out of interest, why do you call them WASPs ?
Click to expand...
Absolute no idea, write a lot of reports for work WASPS doesn't seem right
 

itsabuzzard

Well-Known Member
  • Jan 10, 2023
  • #4,553
BrisbaneBronco said:
So why did FG buy the CBS, if it wasn't to ultimately own the football club. Only my opinion, but pretty sure they didn't buy it to rent out cheaply. We will end up paying more rent than we ever have before. Only way forward is for them to own us.
Click to expand...
It might be the way forward for the club, but I can't see why it's in FG's interest to buy a business that swallows money, when they can sit back and rake in the rent. I dread to think what's going to happen when the licence is up for renewal.

Sent from my MAR-LX1A using Tapatalk
 
Reactions: djr8369 and shmmeee

Nick

Administrator
  • Jan 10, 2023
  • #4,554
Wasps?
 

Skyblue_LDN

Well-Known Member
  • Jan 10, 2023
  • #4,555
WestEndAgro said:
And all the roads that lead me there are winding
Click to expand...
Today was gonna be the day that we’re gonna sell the club to you,

By now they shoulda’ somehow realised what’s Doug’s tryna’ do,

I don’t believe that Dave Boddy, Fisher or Sisu, will be round much longer …
 
Reactions: willz121
P

Pusb1

Well-Known Member
  • Jan 10, 2023
  • #4,556
"The King takeover has been waiting for EFL approval for several weeks but it’s understood that the football governing body has completed all of its checks and ratified the change of ownership."

Doug King gave Coventry City fans 'sign' of intent at U21s match

Coventry City takeover news from CoventryLive as proposed new owner Doug King showed his 'passion and commitment' to the club by watching the development team at Coleshill Town in the Birmingham Senior Cup
www.coventrytelegraph.net
 

Samo

Well-Known Member
  • Jan 10, 2023
  • #4,557
Pusb1 said:
"The King takeover has been waiting for EFL approval for several weeks but it’s understood that the football governing body has completed all of its checks and ratified the change of ownership."

Doug King gave Coventry City fans 'sign' of intent at U21s match

Coventry City takeover news from CoventryLive as proposed new owner Doug King showed his 'passion and commitment' to the club by watching the development team at Coleshill Town in the Birmingham Senior Cup
www.coventrytelegraph.net
Click to expand...

Why don't they announce it then? Are they fucking sadists?
 

duffer

Well-Known Member
  • Jan 10, 2023
  • #4,558
shy_tall_knight said:
Had this happened back in March before WASPs went belly up, then I would have had more confidence in it, it just seemed opportunistic with the stadium potentially going to Ashley that it was a last desperate attempt to derail it. A £25m conditional offer, with no serious due diligence was seen by the administrator for what it was. IMO this hasn't got over the line because SISU/King haven't really got the appetite for it. could be wrong.
Click to expand...

That's exactly what worries me too. The timing of the King bid was very odd and very last minute. Nothing about it seems organised or straightforward, and the EFL delays only add to that suspicion.

Don't get me wrong, I'd be delighted to see the back of SISU, but it just feels 'off' somehow and the longer it takes the more fishy it smells. Sincerely hope I'm proven wrong, it certainly wouldn't be the first time.

Edit: And if it really has just been ratified, then I've been shown up in record time! Should really read the whole thread before replying.
 
Reactions: Sky_Blue_Dreamer, Brylowes, djr8369 and 1 other person
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 10, 2023
  • #4,559
Samo said:
Why don't they announce it then? Are they fucking sadists?
Click to expand...
After the 27 years I’ve watched the club for - id say they are….
 
Reactions: MAFF, Skyblueweeman and duffer

Senior Vick from Alicante

Well-Known Member
  • Jan 10, 2023
  • #4,560
itsabuzzard said:
It might be the way forward for the club, but I can't see why it's in FG's interest to buy a business that swallows money, when they can sit back and rake in the rent. I dread to think what's going to happen when the licence is up for renewal.

Sent from my MAR-LX1A using Tapatalk
Click to expand...

As much as some may like the idea and that includes me, FG Group are buying lots of different assets at the moment, they are reporting 2.6 billion turnover with profits some where around 450 million. One would presume they buy to reduce the tax liability, think of them as a successful version of Sisu, they purchase distressed companys and turn them round rather than take money out. Not saying that it wont happen in the future as Fraser Group as shirt sponsor but cant see it at the minute.
 

JimmyHillsbeard

Well-Known Member
  • Jan 10, 2023
  • #4,561
robbiekeane said:
You’re better than that
Click to expand...

The best that man can get?
 

duffer

Well-Known Member
  • Jan 10, 2023
  • #4,562
Actually, I'm blaming the typically shite level of journalism in the CET for the endless speculation and stress here.

More of this "it's understood that the EFL have ratified the deal".

Andy Turner et al, if you do read this, the CET has gone from a respected newspaper to an absolute clickbait rag that also has the ugliest user interface I've had the misfortune to deal with.

Presumably you trained as a journalist so you should know how to verify and report actual news - go tell your bosses that you'd like to try working as one for a change.
 
Reactions: BananaFlats, AOM, LastGarrison and 5 others

Nick

Administrator
  • Jan 10, 2023
  • #4,563
Turner got some shit last week for a misleading headline about Gyo being sold. He just plays dumb.

Better off just saying "I've got bills to pay".
 
Reactions: duffer

Hobo

Well-Known Member
  • Jan 10, 2023
  • #4,564
Samo said:
Why don't they announce it then? Are they fucking sadists?
Click to expand...

Perhaps waiting for first transfer deal to be done and announce both at same time?
 
Reactions: Samo
B

Brighton Sky Blue

Well-Known Member
  • Jan 10, 2023
  • #4,565
Nick said:
Turner got some shit last week for a misleading headline about Gyo being sold. He just plays dumb.

Better off just saying "I've got bills to pay".
Click to expand...

I’ve got bills too-they’re multiplying. And I’m losing control.
 
Reactions: duffer

Tommo1993

Well-Known Member
  • Jan 10, 2023
  • #4,566
Hobo said:
Perhaps waiting for first transfer deal to be done and announce both at same time?
Click to expand...

Pointless, just announce it if it’s done. Put fans out of their misery.
 
Reactions: Skyblueweeman

edgy

Well-Known Member
  • Jan 10, 2023
  • #4,567
Samo said:
Why don't they announce it then? Are they fucking sadists?
Click to expand...

Press releases, King/Robins/Boddy/Seppala interviews/comments/videos to be done. I hope.
 
Reactions: junglej13
S

SkyBlueMatt

Well-Known Member
  • Jan 10, 2023
  • #4,568
duffer said:
Actually, I'm blaming the typically shite level of journalism in the CET for the endless speculation and stress here.

More of this "it's understood that the EFL have ratified the deal".

Andy Turner et al, if you do read this, the CET has gone from a respected newspaper to an absolute clickbait rag that also has the ugliest user interface I've had the misfortune to deal with.

Presumably you trained as a journalist so you should know how to verify and report actual news - go tell your bosses that you'd like to try working as one for a change.
Click to expand...

The CoventryLive website (and all sister sites) are an absolute shambles. I understand why they pump the page with countless ads but they do everything wrong. From the content shifts, the pop ups and the 'read more' links which causes you to repeat all the problems on the first load.

It's what happens when you hire 2 bit agencies.
 
Reactions: duffer
M

Macca1987

Well-Known Member
  • Jan 10, 2023
  • #4,569
We need something concrete this week, time is slipping away for signings to come in, my fear is it will drag on and on and then either gets the nod but too late to sign anyone decent, or fails and we have SISU as usual, so fire sale
 
Reactions: ccfc922

Robinshio

Well-Known Member
  • Jan 10, 2023
  • #4,570
Macca1987 said:
We need something concrete this week, time is slipping away for signings to come in, my fear is it will drag on and on and then either gets the nod but too late to sign anyone decent, or fails and we have SISU as usual, so fire sale
Click to expand...
what tune would you sing that to ?
 
Reactions: SkyBlueSam01

WestEndAgro

Well-Known Member
  • Jan 10, 2023
  • #4,571
Brighton Sky Blue said:
I’ve got bills too-they’re multiplying. And I’m losing control.
Click to expand...
 
Reactions: Skyblueweeman and Brighton Sky Blue

Hobo

Well-Known Member
  • Jan 10, 2023
  • #4,572
Tommo1993 said:
Pointless, just announce it if it’s done. Put fans out of their misery.
Click to expand...

Then they will just be in misery because a signing hasnt been made. Been around City fans too long.
 

Hobo

Well-Known Member
  • Jan 10, 2023
  • #4,573
Macca1987 said:
We need something concrete this week, time is slipping away for signings to come in, my fear is it will drag on and on and then either gets the nod but too late to sign anyone decent, or fails and we have SISU as usual, so fire sale
Click to expand...

The fire sale people keep predicting but hasn't happened yet?
 

alexccfc99

Well-Known Member
  • Jan 10, 2023
  • #4,574
We must have the worst local press coverage of any of the clubs in the Premier League/Championship

The Telegraph never get an ‘exclusive’ they’re always just piggy backing off stories other news outlets run, do they even get access to the players/manager nowadays? I know all that stopped when they publicly called for SISU to sell the club years ago but did they ever manage to build any bridges after that
 

shmmeee

Well-Known Member
  • Jan 10, 2023
  • #4,575
Nick said:
Turner got some shit last week for a misleading headline about Gyo being sold. He just plays dumb.

Better off just saying "I've got bills to pay".
Click to expand...

Turner won’t write the headlines. That’ll be some gimp whose job is to make it most clickbaity like all newspapers.
 
Reactions: AOM and Sick Boy

shmmeee

Well-Known Member
  • Jan 10, 2023
  • #4,576
Tommo1993 said:
Pointless, just announce it if it’s done. Put fans out of their misery.
Click to expand...

Why? I mean you’ve come this far, if you think there’s a decent signing close to completion why not wait? I’m fact surely you don’t want everyone knowing you’ve just been taken over while negotiating with the other club?
 
Reactions: Skyblueweeman
S

SkyBlueScottie

Well-Known Member
  • Jan 10, 2023
  • #4,577
Covkid1968# said:
Nick and his razor sharp wit on show again
Click to expand...
Is that the best a man can get.

Bollox its been to death already
 
Reactions: Nick

Cata

Well-Known Member
  • Jan 10, 2023
  • #4,578
HuckerbyDublinWhelan said:
can’t wait for King to be announced and the subsequent meltdown when Gyokeres gets sold for 3m on Friday
Click to expand...
undisclosed!
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 10, 2023
  • #4,579
alexccfc99 said:
We must have the worst local press coverage of any of the clubs in the Premier League/Championship

The Telegraph never get an ‘exclusive’ they’re always just piggy backing off stories other news outlets run, do they even get access to the players/manager nowadays? I know all that stopped when they publicly called for SISU to sell the club years ago but did they ever manage to build any bridges after that
Click to expand...
That’s what happens when you piss off the club in favour of a drop in rugby team
 
Reactions: duffer, davy67 and Frostie

edgy

Well-Known Member
  • Jan 10, 2023
  • #4,580
WestEndAgro said:
Click to expand...
Ray Donavon is an excellent series, if you've not seen it btw.
 

Cata

Well-Known Member
  • Jan 10, 2023
  • #4,581
shy_tall_knight said:
Had this happened back in March before WASPs went belly up, then I would have had more confidence in it, it just seemed opportunistic with the stadium potentially going to Ashley that it was a last desperate attempt to derail it. A £25m conditional offer, with no serious due diligence was seen by the administrator for what it was. IMO this hasn't got over the line because SISU/King haven't really got the appetite for it. could be wrong.
Click to expand...
I may have this wrong, but my understanding was that MA had the administrators preferred bidder sown up by agreeing to pay the £1.2m upfront that they needed to keep the arena open. (selling as a going concern is the main task of an administrator) So that is why his lower overall bid was accepted. Not sure if that agreement was reached before or after the £25m bid, but I would guess just before. A smart move by MA in any case
 

Senior Vick from Alicante

Well-Known Member
  • Jan 10, 2023
  • #4,582
alexccfc99 said:
We must have the worst local press coverage of any of the clubs in the Premier League/Championship

The Telegraph never get an ‘exclusive’ they’re always just piggy backing off stories other news outlets run, do they even get access to the players/manager nowadays? I know all that stopped when they publicly called for SISU to sell the club years ago but did they ever manage to build any bridges after that
Click to expand...
Think thats the the reason, the owners thought why should we interact if you write leaders that criticise and Turner got cold shouldered and offered the minimum.
 

Grendel

Well-Known Member
  • Jan 10, 2023
  • #4,583
Cata said:
I may have this wrong, but my understanding was that MA had the administrators preferred bidder sown up by agreeing to pay the £1.2m upfront that they needed to keep the arena open. (selling as a going concern is the main task of an administrator) So that is why his lower overall bid was accepted. Not sure if that agreement was reached before or after the £25m bid, but I would guess just before. A smart move by MA in any case
Click to expand...

King offered the same but the bid was subject to due dillegence. He could have pulled out after a week and plunged the business into administration
 
Reactions: Brylowes
K

Kingokings204

Well-Known Member
  • Jan 10, 2023
  • #4,584
At this rate he will be the king of close shaves
 

Evo1883

Well-Known Member
  • Jan 10, 2023
  • #4,585
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
 
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