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Doug King Takeover (3 Viewers)

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

Well-Known Member
  • Nov 16, 2022
  • #736
Sky Blue Pete said:
close shaves
Click to expand...

Well you know who our next shirt sponsor is once betting companies are banned
 
Reactions: The Philosopher and nicksar

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #737
Fergusons_Beard said:
All those NOPM Fanny’s coming back then?


Sent from my iPhone using Tapatalk Pro
Click to expand...

Only 85% of them
 
Reactions: TwistAndShoutCCFC1987, Moff, Ian1779 and 2 others
B

Brighton Sky Blue

Well-Known Member
  • Nov 16, 2022
  • #738
shmmeee said:
Bro.
Click to expand...

I refer the honorable gentleman to his past comments on the topic in question
 
Reactions: shmmeee
D

djr8369

Well-Known Member
  • Nov 16, 2022
  • #739
Sky Blue Pete said:
Mmmmm not sure it does

“We have made it a priority – and one of our first acts as majority owners – to submit a bid to acquire the CBS Arena. We are keen to meet with Coventry City Council representatives and others as soon as possible to set out our vision – which includes the regeneration of the area

Might be 2 weeks too late but @shmmee using the language you’ve wanted
Click to expand...
Yeah but it’s late and just grandstanding? If court goes to plan MA has the stadium tomorrow? Something isn’t right…don’t think we can celebrate yet.
 
Reactions: no_loyalty, Gynnsthetonic and shmmeee

itsabuzzard

Well-Known Member
  • Nov 16, 2022
  • #740
SBT said:
SISU still own 15%, so I’ll only be drinking 85% of my pints on the concourse.
Click to expand...
What will you do with the 15%?

Sent from my MAR-LX1A using Tapatalk
 

Gynnsthetonic

Well-Known Member
  • Nov 16, 2022
  • #741
itsabuzzard said:
What will you do with the 15%?

Sent from my MAR-LX1A using Tapatalk
Click to expand...
Buy Bounty bars
 
Reactions: itsabuzzard
T

theferret

Well-Known Member
  • Nov 16, 2022
  • #742

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: duffer

AOM

Well-Known Member
  • Nov 16, 2022
  • #743
theferret said:
Click to expand...

What on earth is going on here
 

David O'Day

Well-Known Member
  • Nov 16, 2022
  • #744
AOM said:
What on earth is going on here
Click to expand...
His brother and his brothers company congratulating him on by the club?
 
Reactions: nicksar
T

thekidfromstrettoncamp

Well-Known Member
  • Nov 16, 2022
  • #745
IF by any chance MA ended up owning the Stadium and Doug King ended up buying the club (which i hope he does),and MA tried to put the rent up to an unreasonable level .I feel there would be that much adverse publicity he would back down.Maybe wrong my thoughts
 
Reactions: nicksar

itsabuzzard

Well-Known Member
  • Nov 16, 2022
  • #746
Gynnsthetonic said:
Buy Bounty bars
Click to expand...
Much better option than throwing it up in the air.

Sent from my MAR-LX1A using Tapatalk
 

Nick

Administrator
  • Nov 16, 2022
  • #747
AOM said:
What on earth is going on here
Click to expand...

Doug King owns some of King of Shaves with his brother.
 
D

djr8369

Well-Known Member
  • Nov 16, 2022
  • #748
chiefdave said:
Will be interesting to see the council response, this pretty much removes SISU (is the minority stake retained on the basis the new owner will buy them out on promotion as a means of them getting a return?), removes any we're building a new stadium rubbish and promises regeneration in the area if the club gets ownership of the stadium.

That's pretty much every reason that has been given for the council not being exactly cooperative with the club removed isn't it?
Click to expand...
Yes but the statement seems a bit try hard in pointing that out? All feels a bit PR to me. Is this just the move people were waiting for SISU to make?
“No debt”, “regeneration”, only bid that guarantees the club a home…
 

The Philosopher

Well-Known Member
  • Nov 16, 2022
  • #749
HuckerbyDublinWhelan said:
Looking at Gilbert’s tweet, maybe they don’t need Mike to pull out. They just need the exclusivity deal to expire. Then it’s game on
Click to expand...
Or for the Bondholders to not think they have no choice but to accept a low bid to remove their charge.
 
Reactions: wingy

AOM

Well-Known Member
  • Nov 16, 2022
  • #750
David O'Day said:
His brother and his brothers company congratulating him on by the club?
Click to expand...

Yeah I know, just the whole scenario and discussion over Twitter looked a bit mad
 
S

Seaside-Skyblue

Well-Known Member
  • Nov 16, 2022
  • #751
Evo1883 said:
Oh FFS it's going to be the King of shaves stadium isn't it
Click to expand...
Free pack of razors with every season ticket.

Sent from my SM-A908B using Tapatalk
 

Nick

Administrator
  • Nov 16, 2022
  • #752
If somebody was to say to the Trustee / Bondholders "refuse to remove security and if it falls into admin we will buy it from admin and give you a better amount".

Would that work?
 
Reactions: MalcolmPowder

shmmeee

Well-Known Member
  • Nov 16, 2022
  • #753
Threads fast moving. Any of our business experts explained what an “equity bid” is yet?
 

Otis

Well-Known Member
  • Nov 16, 2022
  • #754
David O'Day said:
His brother and his brothers company congratulating him on by the club?
Click to expand...
Hmmm. He's bald, does look a bit like a royal and his name is Will King. Anyone else getting a sense that, that is King William and this is his first step in usurping Charles III?
 
R

robbiethemole

Well-Known Member
  • Nov 16, 2022
  • #755
jordan210 said:
Plot twist, Sisu sell Club to them selfs. Ccc think it’s a new owner and let them buy arena.

View attachment 27303
Click to expand...
A bit like their admin?
 

chiefdave

Well-Known Member
  • Nov 16, 2022
  • #756
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...
Alternatively the club runs at a loss so if you clear the debt today you're not going to be debt free this time next year.

I know we've put up with a lot but at some point something will happen to the club that doesn't involve it being the worst case scenario, lets hope this is that moment.
 
Reactions: torchomatic, duffer and junglej13
S

SBT

Well-Known Member
  • Nov 16, 2022
  • #757
So questions I have tonight (beyond the earlier ones about his links to SISU):

* What’s the extent of this guy’s relationship with the local area, beyond this one Velo company?

* If King is buying the club in a personal capacity, what’s his personal net wealth and how is he funding the takeover?

* If he made his fortune on shorting oil prices in 2014 and 2020, how’s he doing financially now that prices are back at ~$100/barrel?

* Are the club’s debts being written off or paid off?

* Why is King’s bid for the CBS supposedly the only one which can guarantee that CCFC play home games there in the long term?

* Where does this leave the plans for - and I’m deadly serious here! - the Warwick University project?

* Who will sit on the club’s board and what happens to the current management team? (Boddy etc)

* Why do you build me up (build me up) buttercup baby just to let me down?
 
Reactions: no_loyalty, Covkid1968#, Deleted member 5849 and 5 others

ccfc922

Well-Known Member
  • Nov 16, 2022
  • #758
wisewel said:
I joined because I felt the need to say something, everyone is getting excited about being brought put by joy sepalla in disguise
Click to expand...

Genuinely, is that the same business addresses etc?
 

Otis

Well-Known Member
  • Nov 16, 2022
  • #759
Evo1883 said:
Oh FFS it's going to be the King of shaves stadium isn't it
Click to expand...
Hopefully they can create a little snug, getaway from it all, bar for all the wearied Sky Blues fans and call it The Shaven Haven.
 
Reactions: nicksar and wingy

Skyblueweeman

Well-Known Member
  • Nov 16, 2022
  • #760
Back from football and caught up on everything.

Slightly less ecstatic having read through over 700 posts.

Lets see what tomorrow brings.

'Debt free' sounds good mind.

Night you beautiful bastards.
 
Reactions: Fergusons_Beard, TwistAndShoutCCFC1987, torchomatic and 5 others
S

SBT

Well-Known Member
  • Nov 16, 2022
  • #761
David O'Day said:
Pretty much this, no one is celebrating but the sensible folk are just saying let's actually see what happens
Click to expand...

Loads of people are celebrating.
 
Reactions: wisewel and Otis

Houchens Head

Fairly well known member from Malvern
  • Nov 16, 2022
  • #762
I can't feel anything good yet. The stadium and club ownership has been in such a state for the last god-knows how many years, I struggle to trust any announcement. All I know is that Mark Robins is doing a fantastic job at the moment and needs all the support we can give him from the stands.
 
Reactions: Skyblueweeman, no_loyalty, TwistAndShoutCCFC1987 and 12 others

itsabuzzard

Well-Known Member
  • Nov 16, 2022
  • #763
SBT said:
Loads of people are celebrating.
Click to expand...
How can they when there are no Bountys?

Sent from my MAR-LX1A using Tapatalk
 
Reactions: wisewel
W

wingy

Well-Known Member
  • Nov 16, 2022
  • #764
shmmeee said:
Threads fast moving. Any of our business experts explained what an “equity bid” is yet?
Click to expand...
Apparently it would buying shares of the company and not assets
So my question could they co-deal with Ashley tomorrow?
 
Reactions: Philosoraptor, Gynnsthetonic and shmmeee

fernandopartridge

Well-Known Member
  • Nov 16, 2022
  • #765
wisewel said:
A local businessman with no ties to football or to the local area but with tight ties to sisu buys the club and everyone buys the shit from Sisu PR
Click to expand...
What tight ties to SISU? I get the skepticism but this is based on pure conjecture
 
Reactions: torchomatic, wisewel and nicksar

ms639

Well-Known Member
  • Nov 16, 2022
  • #766
There is FAR more to this than a simple takeover deal. This stinks of a SISU counter play to Mike Ashely’s move for the ground and club.

The bloke clearly does not have the financial clout to move for the club independently so he’s either part of much larger consortium or a SISU bank rolled preferred bidder to compete with the Ashley position.

My money is on the latter


Sent from my iPhone using Tapatalk
 
Reactions: no_loyalty and OldBedrocker

Finham

Well-Known Member
  • Nov 16, 2022
  • #767
FFS lads, gutted if this is still SISU or someone as shit. I ran around the room like a nutter, I was in tears for a minute-at least 2 people have had a wank for nothing!
 
Reactions: AOM, robbiekeane, wingy and 2 others

Otis

Well-Known Member
  • Nov 16, 2022
  • #768
Finham said:
FFS lads, gutted if this is still SISU or someone as shit. I ran around the room like a nutter, I was in tears for a minute-at least 2 people have had a wank for nothing!
Click to expand...
Yes, sorry about that. Next time please sellotape up your letterbox
 
Reactions: MacReady, Finham and 6 Generations

fernandopartridge

Well-Known Member
  • Nov 16, 2022
  • #769
theferret said:

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
Click to expand...
I find Andy Street's commentary intriguing, the fact he's made it at short notice and the nature of it
 
Reactions: Deleted member 5849 and wingy

SIR ERNIE

Well-Known Member
  • Nov 16, 2022
  • #770
This thread is reminiscent of the Millwall away game.
 
Reactions: Skyblueweeman, TwistAndShoutCCFC1987, Sky Blue Harry H and 5 others
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