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Doug King Takeover (2 Viewers)

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

Well-Known Member
  • Nov 16, 2022
  • #491
GIMOC said:
In reality it’s local businessman being used by sisu to scare off ashley
Click to expand...
Why would Ashley be scared? I don't see how it affects his bid.
 
Reactions: Skyblueweeman, torchomatic, mark82 and 1 other person

MalcolmPowder

Member
  • Nov 16, 2022
  • #492
My thoughts:

1. Mike Ashley ( backed by council ) gets preferred bid status on arena and exclusivity by paying 1.2m which expires 10.30am tomorrow
2.Ashley gets stadium without challenge - then sets his sights on buying CCFC off SISU but at a distressed rate
3. SISU know the Council will never let them near owning the stadium - so they wait until the last minute and announce a new owner (Doug King) of CCFC
4.Ashley has now 2 choices - (a) does he want to own a yearly loss making stadium without owning CCFC as if he wants CCFC he will have to pay him big bucks ( far more than he was intending ) or (b) he pulls out of the deal leaving new owner King to do a deal with Council now SISU out of equation

Clever move by SISU as fucks up council stitch up with MA and with 15% SISU still get profit if we keep big 3 players and add a bit of quality and get promoted . If they don’t get their way don’t be surprised if Doug says we are building the fantasy island stadium at Warwick Uni

Interesting Times
 
Reactions: TwistAndShoutCCFC1987, Jamesimus, PUSB-We_are_going_up and 2 others

David O'Day

Well-Known Member
  • Nov 16, 2022
  • #493
mark82 said:
They used to, along with a couple hundred other companies. 2+2=5.
Click to expand...

But the don't now and as you said it's a shared "office" which is basically just a mail drop. This info is easily checkable
 

GaryPendrysEyes

Well-Known Member
  • Nov 16, 2022
  • #494
mark82 said:
Giving up control to someone else is one hell of a game to play.
Click to expand...
“
SISU chief executive Joy Seppala said: "This is a fantastic moment for Coventry City - and the city. I know that Doug has long been an admirer of the Sky Blues.

"He shares our ambition to deliver the most successful football club possible, to climb the football pyramid, and invest both on and off the field.

"The sale of the CBS Arena does provide short-term uncertainty and with Doug on board we intend to set out a robust bid for the stadium which, if successful, will provide a platform for long-term success."

This has a smell of Joy still pulling the strings.
 
Reactions: CBS16 and wince

Samo

Well-Known Member
  • Nov 16, 2022
  • #495
Just woke up from a little doze... or did I? Am I awake now or what????
 

Londonccfcfan

Well-Known Member
  • Nov 16, 2022
  • #496
Brighton Sky Blue said:
Not if we find ourselves in a fight with a billionaire and our new saviour's idea is to threaten withdrawing the club if he wins. Or suppose we end up renting from someone who could have owned us instead.

My gut feeling is they've made a huge strategic error not far off what they did 8 years ago.
Click to expand...

EFL will do their due dilligence, surely a takeover is just that.
 
Reactions: mark82 and Evo1883

Nick

Administrator
  • Nov 16, 2022
  • #497
JonnyBigPants said:
My thoughts:

1. Mike Ashley ( backed by council ) gets preferred bid status on arena and exclusivity by paying 1.2m which expires 10.30am tomorrow
2.Ashley gets stadium without challenge - then sets his sights on buying CCFC off SISU but at a distressed rate
3. SISU know the Council will never let them near owning the stadium - so they wait until the last minute and announce a new owner (Doug King) of CCFC
4.Ashley has now 2 choices - (a) does he want to own a yearly loss making stadium without owning CCFC as if he wants CCFC he will have to pay him big bucks ( far more than he was intending ) or (b) he pulls out of the deal leaving new owner King to do a deal with Council now SISU out of equation

Clever move by SISU as fucks up council stitch up with MA and with 15% SISU still get profit if we keep big 3 players and add a bit of quality and get promoted . If they don’t get their way don’t be surprised if Doug says we are building the fantasy island stadium at Warwick Uni

Interesting Times
Click to expand...

Thats the way I see it too.

Leaves Ashley with a decision about buying the stadium with potentially no CCFC.
 
Reactions: no_loyalty and Brighton Sky Blue

MacReady

Well-Known Member
  • Nov 16, 2022
  • #498
mark82 said:
Agree with this. Maybe we give him 24 hours at least.
Click to expand...
That’s all I’m giving him. 24 hours.
 

MacReady

Well-Known Member
  • Nov 16, 2022
  • #499
ajsccfc said:
His carrier pigeon is on its way
Click to expand...
Speckled Jim?
 
Reactions: Bernie Rhodes Nose, Sky_Blue_Dreamer, Skyblueweeman and 2 others

mark82

Super Moderator
  • Nov 16, 2022
  • #500
Brighton Sky Blue said:
What indication was there that SISU were going to sell 85% of their stake before this evening?
Click to expand...

Quite a bit. Articles in the FT. Talk from Simon Jordan. Other parties saying they had contact (Dawkins, etc). Rumours of investors being present at games.
 
Reactions: CovLis86 and Sick Boy

ccfc922

Well-Known Member
  • Nov 16, 2022
  • #501
PUSB-We_are_going_up said:
Just had a thought, do we reckon Sisu still have part control because of their link to Warwick Uni the site of “the new stadium”. Could that then become a reality if we dont get the CBS. Its a bit odd to not buy the full 100%
Click to expand...

My initial thought with selling 85% was the club would be worth significantly more if we fluked the PL. Less risk getting there, more gain cashing out?
 

ccfc922

Well-Known Member
  • Nov 16, 2022
  • #502
The CableGuy said:
Of course.
Click to expand...

Soap opera cunts.
 

Londonccfcfan

Well-Known Member
  • Nov 16, 2022
  • #503
Fuck me this has turned pessimistic and negative in an hour.
 
Reactions: AStonesThrow, MAFF, Sky Blue Pete and 3 others

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #504
Brighton Sky Blue said:
What indication was there that SISU were going to sell 85% of their stake before this evening?
Click to expand...

The article about them looking to sell some of the club? Saddlesbrains rumour about them looking to sell some of the club?
 
Reactions: Sky Blue Pete, CovLis86 and mark82
N

Nsgdm1

Member
  • Nov 16, 2022
  • #505
Calista said:
Not necessarily, but when someone says that huge debts have disappeared like magic I find it surprising
Click to expand...
Maybe he is a SISU investor and he is calling in debt or guarantees owed to himself ,the only way SISU can fulfill any obligation is give over this share of CCFC and to write off the debt.
 

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #506
Londonccfcfan said:
Fuck me this has turned pessimistic and negative in an hour.
Click to expand...

SkyBluesTalk
 
Reactions: AStonesThrow, The CableGuy, Happy_Martian and 1 other person

mark82

Super Moderator
  • Nov 16, 2022
  • #507
Calista said:
Not necessarily, but when someone says that huge debts have disappeared like magic I find it surprising
Click to expand...

Presumably in exchange for money. He's allegedly invested £70m locally, if that's true don't think wiping Sisu debt would be that big a stretch.
 
Reactions: Finham

wisewel

Member
  • Nov 16, 2022
  • #508
I cannot believe everyone is buying this utter bullshit,nots typical tactics from the corrupt world of football, a random stranger whos partner has a brother on the board of directors for sisu decides to put in a bid despite the fact he has ko interest in football.

Next you will all he telling me awarding the world cup to quatar was a fair and democratic pricess
 
Reactions: procdoc, chiefdave, eastwoodsdustman and 4 others

ccfc922

Well-Known Member
  • Nov 16, 2022
  • #509
mark82 said:
Quite a bit. Articles in the FT. Talk from Simon Jordan. Other parties saying they had contact (Dawkins, etc). Rumours of investors being present at games.
Click to expand...

As always with CCFC, hearsay.

This has come as a complete shock I'd say to all of us.

I just pray it's for the benefit of CCFC, not another false dawn.
 
Reactions: Londonccfcfan
B

Brighton Sky Blue

Well-Known Member
  • Nov 16, 2022
  • #510
mark82 said:
Quite a bit. Articles in the FT. Talk from Simon Jordan. Other parties saying they had contact (Dawkins, etc). Rumours of investors being present at games.
Click to expand...

Any articles linking this specific individual? Nobody had heard of him until the club statement.
 

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #511
JonnyBigPants said:
My thoughts:

1. Mike Ashley ( backed by council ) gets preferred bid status on arena and exclusivity by paying 1.2m which expires 10.30am tomorrow
2.Ashley gets stadium without challenge - then sets his sights on buying CCFC off SISU but at a distressed rate
3. SISU know the Council will never let them near owning the stadium - so they wait until the last minute and announce a new owner (Doug King) of CCFC
4.Ashley has now 2 choices - (a) does he want to own a yearly loss making stadium without owning CCFC as if he wants CCFC he will have to pay him big bucks ( far more than he was intending ) or (b) he pulls out of the deal leaving new owner King to do a deal with Council now SISU out of equation

Clever move by SISU as fucks up council stitch up with MA and with 15% SISU still get profit if we keep big 3 players and add a bit of quality and get promoted . If they don’t get their way don’t be surprised if Doug says we are building the fantasy island stadium at Warwick Uni

Interesting Times
Click to expand...

Why not just cut out the middle man and sell to Ashley?
 
Reactions: Brighton Sky Blue

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #512
wisewel said:
I cannot believe everyone is buying this utter bullshit,nots typical tactics from the corrupt world of football, a random stranger whos partner has a brother on the board of directors for sisu decides to put in a bid despite the fact he has ko interest in football.

Next you will all he telling me awarding the world cup to quatar was a fair and democratic pricess
Click to expand...

Welcome to the forum
 
Reactions: eastwoodsdustman, DazzleTommyDazzle, Kingokings204 and 3 others

ccfc922

Well-Known Member
  • Nov 16, 2022
  • #513
wisewel said:
I cannot believe everyone is buying this utter bullshit,nots typical tactics from the corrupt world of football, a random stranger whos partner has a brother on the board of directors for sisu decides to put in a bid despite the fact he has ko interest in football.

Next you will all he telling me awarding the world cup to quatar was a fair and democratic pricess
Click to expand...

Was with you, then see you signed up 4 mins ago...
 
Reactions: GaryMabbuttsLeftKnee, eastwoodsdustman, AOM and 5 others
S

sotvtoday

Well-Known Member
  • Nov 16, 2022
  • #514
BornSlippySkyBlue said:
Now I’ve calmed down a bit - this has a very funny smell about it. Something doesn’t add up. I’m just gonna put the champagne on ice for a few weeks.
Click to expand...
Just have one bottle tonight and save the rest. It will make you feel better until you wake up tomorrow!
 
Reactions: BornSlippySkyBlue and Gynnsthetonic

Nick

Administrator
  • Nov 16, 2022
  • #515
wisewel said:
I cannot believe everyone is buying this utter bullshit,nots typical tactics from the corrupt world of football, a random stranger whos partner has a brother on the board of directors for sisu decides to put in a bid despite the fact he has ko interest in football.

Next you will all he telling me awarding the world cup to quatar was a fair and democratic pricess
Click to expand...

New account?

Usually a sure fire sign.
 
Reactions: procdoc, eastwoodsdustman, MAFF and 3 others

higgs

Well-Known Member
  • Nov 16, 2022
  • #516
We are going up say we are going up!!!

Sent from my SM-A528B using Tapatalk
 

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #517
mark82 said:
Presumably in exchange for money. He's allegedly invested £70m locally, if that's true don't think wiping Sisu debt would be that big a stretch.
Click to expand...

Not him. His company.
 

David O'Day

Well-Known Member
  • Nov 16, 2022
  • #518
ccfc922 said:
Was with you, then see you signed up 4 mins ago...
Click to expand...
types exactly like another poster in this thread
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 16, 2022
  • #519
shmmeee said:
Why not just cut out the middle man and sell to Ashley?
Click to expand...

That's kind of what's confused me. Unless it really is as simple as not wanting to because he got too close to the council in their minds.
 

GIMOC

Well-Known Member
  • Nov 16, 2022
  • #520
shmmeee said:
Why not just cut out the middle man and sell to Ashley?
Click to expand...

Because sisu know this club is on the up. This club could be worth a lot more money in 6 months time.
 

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #521
GIMOC said:
Because sisu know this club is on the up. This club could be worth a lot more money in 6 months time.
Click to expand...

So why sell at all? He’s doing nothing Sisu couldn’t have done a month ago.
 

Nick

Administrator
  • Nov 16, 2022
  • #522
Brighton Sky Blue said:
That's kind of what's confused me. Unless it really is as simple as not wanting to because he got too close to the council in their minds.
Click to expand...

OR that Ashley wasn't going to try and buy the club... just take it?
 

ccfc922

Well-Known Member
  • Nov 16, 2022
  • #523
BornSlippySkyBlue said:
Now I’ve calmed down a bit - this has a very funny smell about it. Something doesn’t add up. I’m just gonna put the champagne on ice for a few weeks.
Click to expand...

You know the Simpsons drive away sound effect? That was me grabbing a bottle of champers.
 
Reactions: BornSlippySkyBlue
B

Brighton Sky Blue

Well-Known Member
  • Nov 16, 2022
  • #524
GIMOC said:
Because sisu know this club is on the up. This club could be worth a lot more money in 6 months time.
Click to expand...

If they know that they wouldn't sell most of their shares?
 

MalcolmPowder

Member
  • Nov 16, 2022
  • #525
shmmeee said:
Why not just cut out the middle man and sell to Ashley?
Click to expand...

MA would want to buy CCFC at a distressed rate - much harder now there is a new owner
 
Reactions: no_loyalty and paulcalf
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