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Doug King Takeover (2 Viewers)

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

Well-Known Member
  • Nov 17, 2022
  • #1,051
torchomatic said:
So Doug (us) are offering £25M and MA only £17M?
Click to expand...

Well that’s the sounbyte to cause some trouble down the road

it’s subject to due diligence so that’s the headline figure
 
Reactions: Northants Sky Blue, skybluepm2 and Sky Blue Pete

duffer

Well-Known Member
  • Nov 17, 2022
  • #1,052
skybluetony176 said:
Did Simon Gilbert ask him what his perfect Sunday is? Shit interview if not.
Click to expand...

Are you back here posting about non football stuff again mate? You're going to make someone angry....
 
Reactions: eastwoodsdustman and skybluetony176

Sky Blue Pete

Well-Known Member
  • Nov 17, 2022
  • #1,053
GaryPendrysEyes said:
I mean there is undoubtedly a lot of, none to subtle, smoke and mirrors in this.
Joy’s hand is all over it. She’s basically found an entity to come in and front a bid for the stadium she’s been after for years.
She’s still acting as if she’s in charge.
Click to expand...
Um not sure I heard her on the radio this morning
 

clint van damme

Well-Known Member
  • Nov 17, 2022
  • #1,054
This is just a ploy to get Ashley to bid for the club isn't it?
 
Reactions: Johnnythespider

Grendel

Well-Known Member
  • Nov 17, 2022
  • #1,055
Sky Blue Pete said:
Um not sure I heard her on the radio this morning
Click to expand...

hjs association with the co founder of Sisu just a co-incidence?
 

Sky Blue Pete

Well-Known Member
  • Nov 17, 2022
  • #1,056
Grendel said:
Seems like a load of Sisu bollocks to me
Click to expand...
From me? Wow
 

skybluetony176

Well-Known Member
  • Nov 17, 2022
  • #1,057
On a serious note did SG get confirmation on who will own 85% of CCFC? Doug personally or his Singapore based hedge fund?
 

GaryPendrysEyes

Well-Known Member
  • Nov 17, 2022
  • #1,058
Do you think Super King’s lawyers are better than Sisu’s. Or are they exactly the same?
I suspect MA might have some decent lawyers.
This should be all over fairly quickly though, hopefully. One way or another.
 

Saddlebrains

Well-Known Member
  • Nov 17, 2022
  • #1,059
That club statement today stinks of desperation
 
Reactions: djr8369, SkyB, shepardo01 and 2 others

shmmeee

Well-Known Member
  • Nov 17, 2022
  • #1,060
Sick Boy said:
Probably…wasn’t he recently talking about signings in January?
Click to expand...

King says he hasn’t spoken to Robins at all
 
Reactions: SkyBlue_Bear83

MusicDating

Euro 2016 Prediction League Champion!!
  • Nov 17, 2022
  • #1,061
torchomatic said:
So Doug (us) are offering £25M and MA only £17M?
Click to expand...
Yes. If only Doug had took over a few weeks ago and could've been the preferred bidder...

I mentioned previously about SISU silence and fully expected a too little, too late statement of 'oh but we tried really really hard to bid', which today's statement reads like. Obvs didn't expect the sale last night! Was that so CCFC can say 'we're not SISU anymore, no reason not to sell to us'?
 
Reactions: djr8369 and I_Saw_Shaw_Score

shmmeee

Well-Known Member
  • Nov 17, 2022
  • #1,062
SeaSeeEffCee said:
All just seems well dodgy.

Yet to see any evidence that this bloke knows anything about the club or is particularly interested in the football side of things.
Click to expand...

He knows the managers name is Mark and that we won the last four (which i think all happened since his negotiations started)
 

Mild-Mannered Janitor

Kindest Bloke on CCFC / Maker of CCFC Dreams
  • Nov 17, 2022
  • #1,063
duffer said:
All joking aside, tried it mate, genuinely.

I wrote very politely to the (potential) administrator asking, "if it were possible to develop a supporter-led buy out of ACL, what is the path to involving ourselves in the process?". No reply.

I get that he might have thought that I was having a laugh, but at the same time that's an opportunity missed by the person who is supposed to be looking for the best deal for the creditors.

I would have at least expected, "come back with proof of funds and we'll talk".
Click to expand...
Is that because it’s not in administration yet? They have very specific guidelines to dispose of assets and probably pre administration, have to act on behalf of the bond holders, if no going concern solution found, administration and then it’s open to bidders and then that could be a viable option subject to fans and funding solution.
Ashley has tried to secure a preferred position pre admin so I am not sure anyone else, including the club, can actually bid until that exclusivity period has passed or goes into formal administration
 

skybluetony176

Well-Known Member
  • Nov 17, 2022
  • #1,064
torchomatic said:
So Doug (us) are offering £25M and MA only £17M?
Click to expand...
Presumably that’s £17m after due diligence whereas £25m is before they get in We Buy Any Car.com to do due diligence.
 
Reactions: CCFCSteve

skybluepm2

Well-Known Member
  • Nov 17, 2022
  • #1,065
clint van damme said:
This is just a ploy to get Ashley to bid for the club isn't it?
Click to expand...

Potentially. May add a few million to the asking price.

On the face of it, the sounds coming out of King and Seppala are that we are likely to be in a better position as a club, irrespective of whether we get the ground or not. I remain skeptical that’ll be the case, should Ashley be successful today. However, this bloke has put his neck and credibility on the line to just be the face in another SISU charade, surely? Time will tell I guess.
 
Reactions: eastwoodsdustman

fatso

Well-Known Member
  • Nov 17, 2022
  • #1,066
duffer said:
All joking aside, tried it mate, genuinely.

I wrote very politely to the (potential) administrator asking, "if it were possible to develop a supporter-led buy out of ACL, what is the path to involving ourselves in the process?". No reply.

I get that he might have thought that I was having a laugh, but at the same time that's an opportunity missed by the person who is supposed to be looking for the best deal for the creditors.

I would have at least expected, "come back with proof of funds and we'll talk".
Click to expand...
Did you expect a reply when MA has secured a period of exclusivity?
I'm sure that would prevent the administrator from entering into any dialogue with potential buyers!
 

skybluepm2

Well-Known Member
  • Nov 17, 2022
  • #1,067
GaryPendrysEyes said:
Do you think Super King’s lawyers are better than Sisu’s. Or are they exactly the same?
I suspect MA might have some decent lawyers.
This should be all over fairly quickly though, hopefully. One way or another.
Click to expand...

I believe King’s lawyers have more of a gentlemanly and less aggressive approach, merely roughing up people in court, as opposed to battering.
 
Reactions: Gynnsthetonic and GaryPendrysEyes

skybluetony176

Well-Known Member
  • Nov 17, 2022
  • #1,068
clint van damme said:
This is just a ploy to get Ashley to bid for the club isn't it?
Click to expand...
My gut is telling me that it’s either that or setting the stage for more JR’s. Or both, set the scene for more JR’s in an effort to strengthen their arm ahead of negotiating to sell the club to MA. Pay us this much and we’ll drop the JR’s.
 

Otis

Well-Known Member
  • Nov 17, 2022
  • #1,069
If King really said no sales in January he's off his trolley. If Gyokeres wants to go, he'll go. Same for O'Hare.
 
Reactions: Moff, GaryMabbuttsLeftKnee, play_in_skyblue_stripes and 5 others

shmmeee

Well-Known Member
  • Nov 17, 2022
  • #1,070
fatso said:
Did you expect a reply when MA has secured a period of exclusivity?
I'm sure that would prevent the administrator from entering into any dialogue with potential buyers!
Click to expand...

Dawkins got a reply. It said no but it was a reply.

I suspect it’s proof of funds that would be the issue with taking it seriously.
 

duffer

Well-Known Member
  • Nov 17, 2022
  • #1,071
MusicDating said:
Yes. If only Doug had took over a few weeks ago and could've been the preferred bidder...

I mentioned previously about SISU silence and fully expected a too little, too late statement of 'oh but we tried really really hard to bid', which today's statement reads like. Obvs didn't expect the sale last night! Was that so CCFC can say 'we're not SISU anymore, no reason not to sell to us'?
Click to expand...

On the upside, if the sale is real and the debt to SISU/ARVO genuinely is cleared, whatever happens today I think we're in a better position than yesterday.

Different landlord, quite likely, and maybe one who wants to takeover the club ultimately too, but still better than being under Wasps with SISU slowly milking away any profit.

Just mho, obviously.
 
Reactions: Skyblueweeman and MusicDating

Nick

Administrator
  • Nov 17, 2022
  • #1,072
MusicDating said:
Yes. If only Doug had took over a few weeks ago and could've been the preferred bidder...

I mentioned previously about SISU silence and fully expected a too little, too late statement of 'oh but we tried really really hard to bid', which today's statement reads like. Obvs didn't expect the sale last night! Was that so CCFC can say 'we're not SISU anymore, no reason not to sell to us'?
Click to expand...
He literally said joy didn't have the money and it's him doing it.

So more like she literally couldn't regardless of who fronted it.
 

shmmeee

Well-Known Member
  • Nov 17, 2022
  • #1,073
Otis said:
If King really said no sales in January he's off his trolley. If Gyokeres wants to go, he'll go. Same for O'Hare.
Click to expand...

That’s still quite different from “we can’t pay the HMRC and are close to admin cos we have unsustainable contracts so one of the big three needs to go asap” which seems to be the status quo.
 
Reactions: Deleted member 5849 and CCFCSteve
D

Deleted member 5849

Guest
  • Nov 17, 2022
  • #1,074
Otis said:
If King really said no sales in January he's off his trolley. If Gyokeres wants to go, he'll go. Same for O'Hare.
Click to expand...
In his defence nobody, but nobody can take over the club, and start their first interview by saying yeah yeah yeah, half the playing squad will be off, can they?
 
Reactions: djr8369

fatso

Well-Known Member
  • Nov 17, 2022
  • #1,075
shmmeee said:
Dawkins got a reply. It said no but it was a reply.

I suspect it’s proof of funds that would be the issue with taking it seriously.
Click to expand...
Perhaps the administrator is snowed under by the number of people expressing a desire to buy the Arena.
I'm sure they will get round to saying no eventually.
 

Liquid Gold

Well-Known Member
  • Nov 17, 2022
  • #1,076
Hopefully something comes out in the wash today and we have a clearer idea. I have a nasty feeling there will be a delay in the hearing and Ashley’s preferential status extended which would leave us in the dark still.
 

David O'Day

Well-Known Member
  • Nov 17, 2022
  • #1,077
Deleted member 5849 said:
In his defence nobody, but nobody can take over the club, and start their first interview by saying yeah yeah yeah, half the playing squad will be off, can they?
Click to expand...
Also I don't think Vik or O'Hare are going to down tools if the club wants to keep them until at least the end of the season
 
Reactions: Skyblueweeman

duffer

Well-Known Member
  • Nov 17, 2022
  • #1,078
fatso said:
Did you expect a reply when MA has secured a period of exclusivity?
I'm sure that would prevent the administrator from entering into any dialogue with potential buyers!
Click to expand...

I wrote well before that was announced as being in place.

Even then, the pending administrator could have replied to that effect without breaking any confidentially.
 

Nick

Administrator
  • Nov 17, 2022
  • #1,079
shmmeee said:
That’s still quite different from “we can’t pay the HMRC and are close to admin cos we have unsustainable contracts so one of the big three needs to go asap” which seems to be the status quo.
Click to expand...
Where has the club said that?

It was for cashflow for HMRC with a payment plan wasn't it?
 

Domo

Well-Known Member
  • Nov 17, 2022
  • #1,080
Lets say all this actually happens, and we own the stadium and wasps dont go bust, would you let Wasps rent the ground from us?
 
Reactions: CBS16, Skyblueweeman, MusicDating and 2 others

Skyblueweeman

Well-Known Member
  • Nov 17, 2022
  • #1,081
Just got into work for the day.

Can't wait to do none of it
 
Reactions: djr8369, Moff and hopesprings

robbiekeane

Well-Known Member
  • Nov 17, 2022
  • #1,082
lacesoutdom said:
Lets say all this actually happens, and we own the stadium and wasps dont go bust, would you let Wasps rent the ground from us?
Click to expand...
No they can fuck off
 
Reactions: Moff, CBS16, GaryMabbuttsLeftKnee and 7 others

Sick Boy

Super Moderator
  • Nov 17, 2022
  • #1,083
shmmeee said:
King says he hasn’t spoken to Robins at all
Click to expand...
I meant he was probably told by Fisher or someone else.
 

shmmeee

Well-Known Member
  • Nov 17, 2022
  • #1,084
Nick said:
Where has the club said that?

It was for cashflow for HMRC with a payment plan wasn't it?
Click to expand...

The club hasn’t, the ITK poster who has been right about everything else and seems to have been told to shut up however.

There’s enough smoke with the Hyam sale, the HMRC thing, BSBs source talking about “Sisu said no more cash”, the talk of us selling O’Hare cheap if they paid up front, to assume we aren’t exactly swimming in it right now.
 

fernandopartridge

Well-Known Member
  • Nov 17, 2022
  • #1,085
GaryPendrysEyes said:
Do you think Super King’s lawyers are better than Sisu’s. Or are they exactly the same?
I suspect MA might have some decent lawyers.
This should be all over fairly quickly though, hopefully. One way or another.
Click to expand...
Yes and you can crawl back under your rock
 
Reactions: Skyblueweeman, Liquid Gold and clint van damme
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