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Doug King Takeover (3 Viewers)

  • Thread starter jackdg
  • Start date Nov 16, 2022
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Tommo1993

Well-Known Member
  • Jan 10, 2023
  • #4,586
shmmeee said:
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?
Click to expand...

Don’t know. Just sick of seeing that ‘I’ word now. Though I’ve no reason to believe this ownership will make us any more prosperous, I’m getting fidgety and discontent.
 

hill83

Well-Known Member
  • Jan 10, 2023
  • #4,587
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...

Champions League in 2 years
 
Reactions: Terry_dactyl, ccfc922 and AOM

edgy

Well-Known Member
  • Jan 10, 2023
  • #4,588
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...

I know it was only words but his "we wont be selling" spiel at the CBS court case is his first test.
 

alexccfc99

Well-Known Member
  • Jan 10, 2023
  • #4,589
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...
Honest answer - I don’t know

But the club cannot do anything else at this level under it’s current structure and ownership other than just treading water

It’s a risk, it’s up to each Individual to decide whether it’s one that’s worth taking
 

hill83

Well-Known Member
  • Jan 10, 2023
  • #4,590
edgy said:
I know it was only words but
Click to expand...

words are all he has, to take your heart away
 
Reactions: Sky_Blue_Dreamer, ajsccfc, xcraigx and 5 others
D

Deleted member 5849

Guest
  • Jan 10, 2023
  • #4,591
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...
Hopefully a clean slate makes us better off, if we're not having to serve interest charges to run up debt, anyway.
 
Reactions: Skyblueweeman, Skybluemichael and RegTheDonk

Cata

Well-Known Member
  • Jan 10, 2023
  • #4,592
hill83 said:
words are all he has, to take your heart away
Click to expand...
Smile an everlasting smile ahh the Bee Gees, takes me back
 

Samo

Well-Known Member
  • Jan 10, 2023
  • #4,593
Tommo1993 said:
Don’t know. Just sick of seeing that ‘I’ word now. Though I’ve no reason to believe this ownership will make us any more prosperous, I’m getting fidgety and discontent.
Click to expand...

If the new ownership makes us more prosperous than in administration or in League 1, we are already better off, because without it, that is where we are headed.
 
Last edited: Jan 10, 2023
Reactions: Sky Blue Pete

Cov98

Well-Known Member
  • Jan 10, 2023
  • #4,594
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...
Personally, I'm unsure. But it's clear that with SISU as the sole owners we're not going to go any further than this and more than likely backwards. Robins can work wonders on a small budget so even a modest increase should serve us well.
 

alexccfc99

Well-Known Member
  • Jan 10, 2023
  • #4,595
So if or when the takeover goes through the self labelled ITK who threw his teddies out the pram cause some people didn’t believe him, was incorrect all along then?
 
Reactions: Sick Boy

slowpoke

Well-Known Member
  • Jan 10, 2023
  • #4,596
I still can’t decide what has motivated King to buy us is he a lone wolf, a front for others, what do sisu expect for their 15%, could King sell his 85% or part of it to anybody as usual there are more questions than answers.

Owning a football club especially a championship one is an expensive business.
 
Reactions: OldBedrocker

Cata

Well-Known Member
  • Jan 10, 2023
  • #4,597
slowpoke said:
I still can’t decide what has motivated King to buy us is he a lone wolf, a front for others, what do sisu expect for their 15%, could King sell his 85% or part of it to anybody as usual there are more questions than answers.

Owning a football club especially a championship one is an expensive business.
Click to expand...
I don't know the answer to your questions on DK, but my guess on retaining the 15% is it is a hedge against future years promotion to the premier league. The value of the club would increase massively even if we still pay rent for the Arena. Then the 15% would be sold PDQ
 

Earlsdon_Skyblue1

Well-Known Member
  • Jan 10, 2023
  • #4,598
Can someone please send this thread to the club, The EFL, or a mental health charity. Please, I can't take it anymore.
 
Reactions: OldBedrocker, SkyBlueSam01 and Cata

Cata

Well-Known Member
  • Jan 10, 2023
  • #4,599
Earlsdon_Skyblue1 said:
Can someone please send this thread to the club, The EFL, or a mental health charity. Please, I can't take it anymore.
Click to expand...
sorry to depress you further, but having written to the EFL before and not received a response I wrote to the club and got this :
"For other enquiries, we aim to respond to your e-mail within a maximum of 10 working days". As for a charity, they may take pity on is, but we already have a shed load of that. Keep the faith. PUSB
 

clint van damme

Well-Known Member
  • Jan 10, 2023
  • #4,600
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...

I wasn't expecting it to happen, I think I'll be wrong about that.
When it does, I'm expecting Robins to have a better budget but I don't think we'll be spunking millions, though as the saying goes, every little helps.
 
Reactions: Skyblueweeman and Saddlebrains

ajsccfc

Well-Known Member
  • Jan 10, 2023
  • #4,601
One thing it'd be nice for whoever to get sorted at some point is the online club shop, it still reads 'play will resume shortly' so the Telegraph are writing the copy
 
Reactions: KAB

Grendel

Well-Known Member
  • Jan 10, 2023
  • #4,602
Cata said:
I don't know the answer to your questions on DK, but my guess on retaining the 15% is it is a hedge against future years promotion to the premier league. The value of the club would increase massively even if we still pay rent for the Arena. Then the 15% would be sold PDQ
Click to expand...

You don't need to retain any shares for that - in fact it would not ensure anything. Who would Sisu sell the shares to? Still be worthless.
 

ruralcov

Member
  • Jan 10, 2023
  • #4,603
Could it be that the takeover has now happened and we are working on deals before the announcement is made so that we can try and negotiate better deals than once clubs are alerted to our new situation? This however begs the question who's announcement is it? EFL's or CCFC to make
 
Reactions: B-Ban-Boogie and PUSB-We_are_going_up

mark82

Super Moderator
  • Jan 10, 2023
  • #4,604
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...

 
Reactions: hill83

Cata

Well-Known Member
  • Jan 10, 2023
  • #4,605
Grendel said:
You don't need to retain any shares for that - in fact it would not ensure anything. Who would Sisu sell the shares to? Still be worthless.
Click to expand...
If they do not retain a share then they have no further interest in the club, so if they wanted to profit from a potential rise in value they would definitely need to retain an interest. True it ensures nothing, but if promotion happened, the shares would not be difficult to shift, particularly with their knowledge of the financial markets, maybe DK fancies the lot?
 

Grendel

Well-Known Member
  • Jan 10, 2023
  • #4,606
Evo1883 said:
Does anybody think we will be better off under a doug king ownership ?

Just curious what people are expecting
Click to expand...

Its all pretty strange

No-one knows what King is actually paying and what for. If it includes SB and L why? That would raise real concerns over legitimacy. If its Otium why 85%? Is he unable to pay AVRO the value of its debt? Will that still exist and need paying back?

Owners even before purchase often show some kind of vision, statement of intent etc as to what they are doing and why they have purchased the club

The Club is losing money every month and has no actual ability to play fixtures next season

There would be nothing to have stopped King agreeing a deal with FG over secure tenure before purchase. In fact who would not do that before an actual purchase anyway? There is nothing to stop FG from saying goodbye or making the club pay £5 million a year. What sensible business man would do that? Have these discussions even happened? If not then why purchase at high risk a loss making business where there is seemingly no actual emotional attachment which could cease to exist in a matter of weeks?

More questions than answers to me
 
Reactions: OldBedrocker, djr8369, AOM and 3 others

Grendel

Well-Known Member
  • Jan 10, 2023
  • #4,607
Cata said:
If they do not retain a share then they have no further interest in the club, so if they wanted to profit from a potential rise in value they would definitely need to retain an interest. True it ensures nothing, but if promotion happened, the shares would not be difficult to shift, particularly with their knowledge of the financial markets, maybe DK fancies the lot?
Click to expand...

They wouldn't. This is not a stock market company. The shares are what people are prepared to pay for them. King if he owns 85% does not have to pay a penny for the remaining 15% - why would he? Who else would? No legal requirement to ever pay a dividend on them is there? Could be winning the Champions League and still no requirements.

Promotion doesn't add any value at all unless King also sells and even then no one needs to buy the 15% do they? Is Fisher still the only Board member? Or will Seppalla insist on Sisu boardroom control still?

Sisu could put an agreement in with a an agreed payment as part of the sale if promotion happens - or on player sale percentages - with zero need to still own shares

Makes no sense and again no one knows what the ownership retention is and in which company
 
Reactions: Evo1883

Cata

Well-Known Member
  • Jan 10, 2023
  • #4,608
Grendel said:
They wouldn't. This is not a stock market company. The shares are what people are prepared to pay for them. King if he owns 85% does not have to pay a penny for the remaining 15% - why would he? Who else would? No legal requirement to ever pay a dividend on them is there? Could be winning the Champions League and still no requirements.

Promotion doesn't add any value at all unless King also sells and even then no one needs to buy the 15% do they? Is Fisher still the only Board member? Or will Seppalla insist on Sisu boardroom control still?

Sisu could put an agreement in with a an agreed payment as part of the sale if promotion happens - or on player sale percentages - with zero need to still own shares

Makes no sense and again no one knows what the ownership retention is and in which company
Click to expand...
fine we shall agree to disagree. Have a great day!
 
S

shy_tall_knight

Well-Known Member
  • Jan 10, 2023
  • #4,609
Could the delay be because SISU can't remember where they put the golden share



I bet he knows
 
Reactions: duffer

pusbccfc

Well-Known Member
  • Jan 10, 2023
  • #4,610
slowpoke said:
I still can’t decide what has motivated King to buy us is he a lone wolf, a front for others, what do sisu expect for their 15%, could King sell his 85% or part of it to anybody as usual there are more questions than answers.

Owning a football club especially a championship one is an expensive business.
Click to expand...

Owning a football club is a rich boys club. We are a good season away from the bright lights of the Premier League.
 

hill83

Well-Known Member
  • Jan 10, 2023
  • #4,611
pusbccfc said:
Owning a football club is a rich boys club. We are a good season away from the bright lights of the Premier League.
Click to expand...

That’s the original reason Sisu took us over. Easy sell to their investors. And it clearly worked as well, it’s been an amazing few years.
 
Reactions: Terry_dactyl, TomRad85 and itsabuzzard

itsabuzzard

Well-Known Member
  • Jan 10, 2023
  • #4,612
hill83 said:
That’s the original reason Sisu took us over. Easy sell to their investors. And it clearly worked as well, it’s been an amazing few years.
Click to expand...
Caveat emptor.

Sent from my MAR-LX1A using Tapatalk
 

ccfc922

Well-Known Member
  • Jan 10, 2023
  • #4,613
So the "next 24 hours" is disappearing quickly...
 

hill83

Well-Known Member
  • Jan 10, 2023
  • #4,614
itsabuzzard said:
Caveat emptor.

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

Not been into dinosaurs for years
 
Reactions: Cata and clint van damme

Skyblueweeman

Well-Known Member
  • Jan 10, 2023
  • #4,615
ccfc922 said:
So the "next 24 hours" is disappearing quickly...
Click to expand...

Wasn't it 'the next day or two'?
 

hill83

Well-Known Member
  • Jan 10, 2023
  • #4,616
ccfc922 said:
So the "next 24 hours" is disappearing quickly...
Click to expand...

24 working hours
 
Reactions: Otis

COVKIDSNEVERQUIT

Well-Known Member
  • Jan 10, 2023
  • #4,617
alexccfc99 said:
Wouldn’t read too much into Boddy being there myself - It’s not too uncommon for people to stick around after a takeover in a sort of ‘handover period’

If he isn’t kept on, I think he’d be here till the end of the season anyway
Click to expand...

hill83 said:
Champions League in 2 years
Click to expand...


Non league in 3 years.
 

hill83

Well-Known Member
  • Jan 10, 2023
  • #4,618
COVKIDSNEVERQUIT said:
Non league in 3 years.
Click to expand...

Euro league in 3 years
 

Nick

Administrator
  • Jan 10, 2023
  • #4,619
IT'S HAPPENED
 
Reactions: hill83

Nick

Administrator
  • Jan 10, 2023
  • #4,620
IT HASN'T HAPPENED
 
Reactions: hill83
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