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Doug King Takeover (5 Viewers)

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

Well-Known Member
  • Nov 16, 2022
  • #631
no_loyalty said:
The worst case is Ashley pulls out of bid, King (who is an associate of Joy) buys club and stadium, then sells both to Sisu. Council are done over, and we are stuck with Sisu.
Click to expand...
Then Sisu don't get efl approval
 

Gynnsthetonic

Well-Known Member
  • Nov 16, 2022
  • #632
Why has Seppalla made a statement. Surely the new owner with said scarf round his neck would be gushing about purchasing the club
 
Reactions: Greggs, CCFCSteve, PUSB-We_are_going_up and 5 others
W

wingy

Well-Known Member
  • Nov 16, 2022
  • #633
I don't think this is who was trying to buy stadium with them 2-3 weeks ago
And the timing of tonight is enough to tell me this is a Ponzi stunt.
Of the same skin to me
 
Reactions: skybluetony176

Mcbean

Well-Known Member
  • Nov 16, 2022
  • #634
The rent discussions could be tricky if Ashley gets the stadium as the 10 year agreement is not valid after tomorrow
 

Nick

Administrator
  • Nov 16, 2022
  • #635
Gynnsthetonic said:
Why has Seppalla made a statement. Surely the new owner with said scarf round his neck would be gushing about purchasing the club
Click to expand...

He did make a statement?

There's nothing to say it won't get EFL approval.
 
Reactions: Sky Blue Pete

Londonccfcfan

Well-Known Member
  • Nov 16, 2022
  • #636
Evo1883 said:
I guess we will find out soon enough , personally , this has put a massive spanner in Mike Ashley's plan .. a plan I was all for il be honest
Click to expand...

I dont think hes losing any sleep over it.
 
O

OldBedrocker

Well-Known Member
  • Nov 16, 2022
  • #637
Londonccfcfan said:
This means nothing. I must be plain dumb, im getting confused.
Click to expand...
Strange wording isn’t it? As if there is a plan to add debt to the club at some point in the future
 
Reactions: Londonccfcfan

jordan210

Well-Known Member
  • Nov 16, 2022
  • #638
Plot twist, Sisu sell Club to them selfs. Ccc think it’s a new owner and let them buy arena.

 
Reactions: Bernie Rhodes Nose, robbiethemole, GaryJones and 2 others
T

theferret

Well-Known Member
  • Nov 16, 2022
  • #639
Gynnsthetonic said:
Why has Seppalla made a statement. Surely the new owner with said scarf round his neck would be gushing about purchasing the club
Click to expand...

What, before it is rubber stamped by the EFL? Wouldn't have thought so.
 
W

wingy

Well-Known Member
  • Nov 16, 2022
  • #640
Nick said:
OR that Ashley wasn't going to try and buy the club... just take it?
Click to expand...
Or even that tbf
 

SeaSeeEffCee

Well-Known Member
  • Nov 16, 2022
  • #641
Definitely all looks a bit dodgy at the moment. Hopefully will start to look less so as more comes out.

Just hope the club isn’t being used as a pawn yet again.
 
Reactions: GaryPendrysEyes

skybluetony176

Well-Known Member
  • Nov 16, 2022
  • #642
Rusty Trombone said:
I smell a rat on this Pete, I wouldn't be going all in on people that are sceptical.
Click to expand...
People should read up a little bit on the history of Portsmouth before getting on board wholesale with tonight’s news. We know very little to zero details really. What is he paying? How is he paying? What’s in it for him? Why now? Who is he really? We’ve been spoon fed a very carefully picked pin hole of information about him.

Maybe he will prove to be the messiah who in decades to come fan’s will be erecting a statue of. On the other hand, SISU.
 
Reactions: TwistAndShoutCCFC1987, Deleted member 5849, robbiethemole and 7 others

nicksar

Well-Known Member
  • Nov 16, 2022
  • #643
skybluetony176 said:
So is he a local businessman because he has one business amongst many that just happens to be located in Stratford or is he actually from Coventry/Warwickshire?

Because on the former basis Coventry/Warwickshire has several Sports Directs so Mike Ashley is a local business man before he even builds his new HQ at Ansty.

There seems to be a lot of deliberate wordplay going on in briefings and statements.

You’ll forgive me if I don’t get the bunting out just yet. Years of SISU has taught me to be sceptical, before you even consider the what looks like very deliberate timing of all this.
Click to expand...
Lives in Solihull I believe.
 
Reactions: TwistAndShoutCCFC1987 and Sky Blue Pete
W

wince

Well-Known Member
  • Nov 16, 2022
  • #644
So What will Doug King do ? If, Nothing to stop Mike Ashlely upping the rent in a a couple of years, then bringing Another Team ( Wasps 2 type) Would need to return to building fantasy stadium, High stakes for all, Tomorrow is going to be a long day
 
I

I was eleven in 87

Well-Known Member
  • Nov 16, 2022
  • #645

Commodity trader buys Coventry City and launches late bid for CBS Arena | TheBusinessDesk.com

New owner has close links with former SISU Capital co-founder Dermot Coleman, TheBusinessDesk.com can reveal
www.thebusinessdesk.com
 
Reactions: Londonccfcfan, bulko and nicksar

slowpoke

Well-Known Member
  • Nov 16, 2022
  • #646
shmmeee said:
Why not just cut out the middle man and sell to Ashley?
Click to expand...
Sell him 85% what’s the difference.
 
Reactions: shmmeee
C

CCFCSteve

Well-Known Member
  • Nov 16, 2022
  • #647
OldBedrocker said:
Strange wording isn’t it? As if there is a plan to add debt to the club at some point in the future
Click to expand...

Presume it’s suggesting that SISUs liabilities/loans will cleared as part of the deal…and hmrc to enable release from embargo and go on a 100m spree in Jan
 
Reactions: OldBedrocker

no_loyalty

Well-Known Member
  • Nov 16, 2022
  • #648
Gynnsthetonic said:
Then Sisu don't get efl approval
Click to expand...

We’d hope that was the case but we are talking about the EFL here.
 

Otis

Well-Known Member
  • Nov 16, 2022
  • #649
Can we just wait and see? This is going the exact same way as the Wasps admin thread.

It's absolutely awful news/ it's totally fantastic news/not sure what the hell is going on.
 
Reactions: TwistAndShoutCCFC1987, Terry_dactyl, GaryJones and 4 others

slowpoke

Well-Known Member
  • Nov 16, 2022
  • #650
Ther
JonnyBigPants said:
MA would want to buy CCFC at a distressed rate - much harder now there is a new owner
Click to expand...
There isn’t a new owner yet.
 
Reactions: no_loyalty

pusbccfc

Well-Known Member
  • Nov 16, 2022
  • #651
wince said:
So What will Doug King do ? If, Nothing to stop Mike Ashlely upping the rent in a a couple of years, then bringing Another Team ( Wasps 2 type) Would need to return to building fantasy stadium, High stakes for all, Tomorrow is going to be a long day
Click to expand...

Which other team could realistically be suitable for that stadium? A big, historic rugby club failed. There's no other football club. Unless Ashley found a way of getting an American Football team to play their European matches at the CBS, the bowl itself is near useless without CCFC or a roof which turned it into a giant concert hall.
 

Gynnsthetonic

Well-Known Member
  • Nov 16, 2022
  • #652
Nick said:
He did make a statement?

There's nothing to say it won't get EFL approval.
Click to expand...
So he did, missed it at the bottom
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 16, 2022
  • #653
skybluetony176 said:
People should read up a little bit on the history of Portsmouth before getting on board wholesale with tonight’s news. We know very little to zero details really. What is he paying? How is he paying? What’s in it for him? Why now? Who is he really? We’ve been spoon fed a very carefully picked pin hole of information about him.

Maybe he will prove to be the messiah who in decades to come fan’s will be erecting a statue of. On the other hand, SISU.
Click to expand...

Read both statements again. It looks not like Seppala is walking off into the sunset, but still working in partnership with King to try and get the stadium. Just much easier to argue if it's a 'local businessman' offering 'regeneration' and has clearly already got a lot of the fanbase on side.

Ashley put in £1.2 million so we could continue playing. What did SISU put in?
 
Reactions: OldBedrocker, wince, GaryPendrysEyes and 1 other person

Philosoraptor

Well-Known Member
  • Nov 16, 2022
  • #654
Maybe the foundations of an exchange of equity with whoever has exclusivity for bidding on the Arena for a shareholding in CCFC.
 

Johnnythespider

Well-Known Member
  • Nov 16, 2022
  • #655
Evo1883 said:
I guess we will find out soon enough , personally , this has put a massive spanner in Mike Ashley's plan .. a plan I was all for il be honest
Click to expand...
If Kings wealth is as stated earlier in this thread I don't think it has.
 

skybluetony176

Well-Known Member
  • Nov 16, 2022
  • #656
Mcbean said:
The rent discussions could be tricky if Ashley gets the stadium as the 10 year agreement is not valid after tomorrow
Click to expand...
Isn’t that only in the case of liquidation? Otherwise the hotel, casino etc agreements wouldn’t stand either.
 

robbiekeane

Well-Known Member
  • Nov 16, 2022
  • #657
Call me cynical but I feel like he’s another SISU frontman and this is just another plot to get the stadium. Great, business as usual
 
Reactions: GaryPendrysEyes

Evo1883

Well-Known Member
  • Nov 16, 2022
  • #658
Johnnythespider said:
If Kings wealth is as stated earlier in this thread I don't think it has.
Click to expand...

It has if Ashley's plan was to buy the football club on the cheap .. as stated earlier , this shows if him buying the stadium is JUST about the stadium now..
 

Philosoraptor

Well-Known Member
  • Nov 16, 2022
  • #659
Personally, I wouldn't mind both players on board.
 
Reactions: Bugsy

Otis

Well-Known Member
  • Nov 16, 2022
  • #660
robbiekeane said:
Call me cynical but I feel like he’s another SISU frontman and this is just another plot to get the stadium. Great, business as usual
Click to expand...
I don't know why we ever get excited to be honest.
 

Flying Fokker

Well-Known Member
  • Nov 16, 2022
  • #661
skybluetony176 said:
People should read up a little bit on the history of Portsmouth before getting on board wholesale with tonight’s news. We know very little to zero details really. What is he paying? How is he paying? What’s in it for him? Why now? Who is he really? We’ve been spoon fed a very carefully picked pin hole of information about him.

Maybe he will prove to be the messiah who in decades to come fan’s will be erecting a statue of. On the other hand, SISU.
Click to expand...

Pompey went on their own journey. We are the closest we’ve been to resolving our own drama.
 

eastwoodsdustman

Well-Known Member
  • Nov 16, 2022
  • #662
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...
Late to the party. The council usually mobilises before shit comes out. Sisu have definitely caught them on the hop this time.
 

shepardo01

Well-Known Member
  • Nov 16, 2022
  • #663
Mcbean said:
The rent discussions could be tricky if Ashley gets the stadium as the 10 year agreement is not valid after tomorrow
Click to expand...
The council have a choice to write into the deal that ccfc can keep the terms of original agreement.. I repeat, the council have a choice...
 
Reactions: nicksar

Evo1883

Well-Known Member
  • Nov 16, 2022
  • #664
Otis said:
I don't know why we ever get excited to be honest.
Click to expand...
I had too much coffee so will be excited until 5am
 
Reactions: Otis, CCFCSteve and nicksar

Philosoraptor

Well-Known Member
  • Nov 16, 2022
  • #665
This shouldn't be an either or thing. If we can have the assumed wealth of both, then the more the better.
 
Reactions: nicksar
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