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Doug King Takeover (4 Viewers)

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

Administrator
  • Nov 17, 2022
  • #1,121
Deleted member 5849 said:
VBut so am I, and I struggle to get people to take me seriously on house purchases, let alone stadium buys!
Click to expand...

You need a Sky Blue Kid selection of suits.
 
Reactions: Moff and Deleted member 5849
D

Deleted member 5849

Guest
  • Nov 17, 2022
  • #1,122
fernandopartridge said:
Trying not to be too cynical but to say in the same interview that you're willing to pay £25m cash but also that you've not looked at the books seems a bit off
Click to expand...
It's a nice round number too, almost like picked to sound impressive, rather than anything behind it.
 
Reactions: OldBedrocker, skybluepm2 and Senior Vick from Alicante

Otis

Well-Known Member
  • Nov 17, 2022
  • #1,123
KenilworthSkyBlue said:
I assume he means no forced sales. Which we would've almost certainly have to have done in January in order to remain solvent.

The club will still have its price. Every club does.
Click to expand...
Exactly. Badly worded perhaps.
 

skybluepm2

Well-Known Member
  • Nov 17, 2022
  • #1,124
The more I listen to him the more I think this move is purely a ploy to get the bondholders (and to a degree the administrator) to sit up and realise ‘hang on a minute, there’s more money on the table here from this guy, this needs to be seriously considered’, table it in court, the outcome of delay today’s hearing, exclusivity period ends, bid being made in the public domain by clubs owners adds to pressure on council and administrators to look at CCFC bid, Ashley’s chances of buying the club reduce significantly due to takeover, he can’t be arsed, SISU come in, job done…. Dawkins and Yank bid £30m for stadium as late curve ball.
 
Reactions: AOM, nicksar and Grendel

robbiekeane

Well-Known Member
  • Nov 17, 2022
  • #1,125
IMissMAF said:
View attachment 27313
BREAKING: Gyokeres no longer moving to Sunderland
Click to expand...
How embarassing they just want to be us
 
Reactions: Moff, letsallsingtogether and robbiethemole

duffer

Well-Known Member
  • Nov 17, 2022
  • #1,126
Deleted member 5849 said:
VBut so am I, and I struggle to get people to take me seriously on house purchases, let alone stadium buys!
Click to expand...

In the business I work in, consumer credit, we entertain all applications until they can't prove they've got the money! Madness not to.
 

Nick

Administrator
  • Nov 17, 2022
  • #1,127
He has said he has showed people proof of funds.

Remember when Dale Evans must have showed a betting slip?
 
Reactions: AOM, Moff, skybluepm2 and 1 other person
M

Macca

Well-Known Member
  • Nov 17, 2022
  • #1,128
torchomatic said:
Absolutely. However, there's a big difference in a player wanting to leave rather than us hawking him around as we have no cash.

I'm happy with the INTENT not to sell. If a player want to go, then there's nothing we, or the club, can do.
Click to expand...

Take over or not if Vik stays post January he’s an idiot. Football is a fickle game, if he stayed and then his form dipped he would soon be forgotten. Go grab a big 4 year contract lad, the equivalent of a lottery win while you are the current big thing
 
Reactions: Gibbo, Levship20 and Otis

Grendel

Well-Known Member
  • Nov 17, 2022
  • #1,129
What’s the betting he’s going to be King for a day if Ashley gets his way today
 
Reactions: GaryMabbuttsLeftKnee, skybluepm2, Evo1883 and 3 others

Otis

Well-Known Member
  • Nov 17, 2022
  • #1,130
Macca said:
Take over or not if Vik stays post January he’s an idiot. Football is a fickle game, if he stayed and then his form dipped he would soon be forgotten. Go grab a big 4 year contract lad, the equivalent of a lottery win while you are the current big thing
Click to expand...
Plus he could get injured.

As it stands we could well get silly money for him, so now the time is ripe .
 
Reactions: Gibbo, Jamesimus and torchomatic

Johnnythespider

Well-Known Member
  • Nov 17, 2022
  • #1,131
clint van damme said:
This is just a ploy to get Ashley to bid for the club isn't it?
Click to expand...

That's my feeling, new owner who "wants" the stadium = higher price
 
Reactions: OldBedrocker
M

Macca

Well-Known Member
  • Nov 17, 2022
  • #1,132
Otis said:
Plus he could get injured.

As it stands we could well get silly money for him, so now the time is ripe .
Click to expand...

Indeed and for him too
 

Sky Blue Pete

Well-Known Member
  • Nov 17, 2022
  • #1,133
Grendel said:
hjs association with the co founder of Sisu just a co-incidence?
Click to expand...
Not at all it’s probably the reason why joy trusts him and was willing to work with him
As I say reeves not going to work with joy or vice versa
Something needed to change
It potentially has
Let’s see. If it had been hidden then denied that wouldn’t have been great
He’s not joy but he’s clearly going to use her
He doesn’t have the history or the background.
Northern said it well
 
S

SkyB

Well-Known Member
  • Nov 17, 2022
  • #1,134
It appears the administrators are doing there job, by honouring Ashley's period of exclusivity, and Sisu/King and Dawkins are using the local media to table bids to try and turn the bond holders heads.

The £25 million headline statement will soon evaporate if Ashley's tabled bid is rejected. I'd guess it'll turn to '£25 mill subject to due diligence' quickly.
 
Reactions: skybluepm2

Sky Blue Pete

Well-Known Member
  • Nov 17, 2022
  • #1,135
Nick said:
Where has the club said that?

It was for cashflow for HMRC with a payment plan wasn't it?
Click to expand...
Hyam I suppose
If he doesn’t spend £25m on the arena maybe that can be given to Mark lol
 

Nick

Administrator
  • Nov 17, 2022
  • #1,136
SkyB said:
It appears the administrators are doing there job, by honouring Ashley's period of exclusivity, and Sisu/King and Dawkins are using the local media to table bids to try and turn the bond holders heads.

The £25 million headline statement will soon evaporate if Ashley's tabled bid is rejected. I'd guess it'll turn to '£25 mill subject to due diligence' quickly.
Click to expand...

He literally did say £25mill subject to due dilligence.
 
Reactions: Skyblueweeman, You'll Never Beat McPake and Sky Blue Pete

AFCCOVENTRY

Well-Known Member
  • Nov 17, 2022
  • #1,137
Nick said:
He has said he has showed people proof of funds.

Remember when Dale Evans must have showed a betting slip?
Click to expand...

To be fair King seems more credible than poker face Evans
 

Danceswithhorses

Well-Known Member
  • Nov 17, 2022
  • #1,138
Hmmm...£25m is such an arbitrary figure...one which is bound to make waves amongst the boldholders, making SISU look like the knight in shining armour.
Is this just a classic SISU case of offering more money than MA, then when MA gets the stadium, take him/administrator to court saying they offered more ?
 
Reactions: skybluepm2

AFCCOVENTRY

Well-Known Member
  • Nov 17, 2022
  • #1,139
SkyB said:
It appears the administrators are doing there job, by honouring Ashley's period of exclusivity, and Sisu/King and Dawkins are using the local media to table bids to try and turn the bond holders heads.

The £25 million headline statement will soon evaporate if Ashley's tabled bid is rejected. I'd guess it'll turn to '£25 mill subject to due diligence' quickly.
Click to expand...

Do the bond holders have legal representation in court today?
 

Otis

Well-Known Member
  • Nov 17, 2022
  • #1,140
AFCCOVENTRY said:
To be fair King seems more credible than poker face Evans
Click to expand...
Walter Mitty was more credible than Dale Evans .
 
Reactions: AFCCOVENTRY and Sky Blue Pete

Grendel

Well-Known Member
  • Nov 17, 2022
  • #1,141
AFCCOVENTRY said:
Do the bond holders have legal representation in court today?
Click to expand...

They are not opposing the Ashley bid
 

alexccfc99

Well-Known Member
  • Nov 17, 2022
  • #1,142
AFCCOVENTRY said:
To be fair King seems more credible than poker face Evans
Click to expand...

SISU wouldn’t have got King involved if he was anything like Evans

They weren’t duped by Evans, they saw right through what he was and laughed him off the negotiating table
 

Grendel

Well-Known Member
  • Nov 17, 2022
  • #1,143
alexccfc99 said:
SISU wouldn’t have got King involved if he was anything like Evans

They weren’t duped by Evans, they saw right through what he was and laughed him off the negotiating table
Click to expand...

well if Ashley isn’t successful he will be laying to keep the place going tonight or the padlocks are coming round
 
Reactions: Sky Blue Pete

alexccfc99

Well-Known Member
  • Nov 17, 2022
  • #1,144
AFCCOVENTRY said:
Do the bond holders have legal representation in court today?
Click to expand...

No, which you would imagine makes the ground Ashley’s

I can’t comprehend people thinking a man who has been involved in two football clubs in his time and is almost universally detested by then both was welcome news for Coventry City
 
Reactions: chiefdave and Sky Blue Pete

MusicDating

Euro 2016 Prediction League Champion!!
  • Nov 17, 2022
  • #1,145
AFCCOVENTRY said:
Do the bond holders have legal representation in court today?
Click to expand...
 
Reactions: Senior Vick from Alicante

AFCCOVENTRY

Well-Known Member
  • Nov 17, 2022
  • #1,146
Grendel said:
They are not opposing the Ashley bid
Click to expand...

In that case I can’t really see this going any other way
 
Reactions: Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • Nov 17, 2022
  • #1,147
AFCCOVENTRY said:
In that case I can’t really see this going any other way
Click to expand...
The admin or the takeover
 

AFCCOVENTRY

Well-Known Member
  • Nov 17, 2022
  • #1,148
MusicDating said:
View attachment 27315
Click to expand...

Lol… we’ve missed the boat then. Not sure how King will get a sniff in now.
 

AFCCOVENTRY

Well-Known Member
  • Nov 17, 2022
  • #1,149
Sky Blue Pete said:
The admin or the takeover
Click to expand...

admin
 
Reactions: Sky Blue Pete

Nick

Administrator
  • Nov 17, 2022
  • #1,150
CCFC are only a small creditor too compared to bondholders etc and it isn't secured like theirs.
 

Sky Blue Pete

Well-Known Member
  • Nov 17, 2022
  • #1,151
AFCCOVENTRY said:
admin
Click to expand...
Agreed
 
D

Deleted member 5849

Guest
  • Nov 17, 2022
  • #1,152
AFCCOVENTRY said:
To be fair King seems more credible than poker face Evans
Click to expand...
So would duffer and I in a dream team consortirum.

So would fatso and paxman, for that matter!
 
Reactions: Sky Blue Pete
S

sotvtoday

Well-Known Member
  • Nov 17, 2022
  • #1,153
Mild-Mannered Janitor said:
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
Click to expand...
Isn't MA the preferred bidder because he put up a non-refundable 1.2 million to keep ACL going in the interim? No other bidder was prepared to do that were they? Or have I missed something (again)!
 

shmmeee

Well-Known Member
  • Nov 17, 2022
  • #1,154
SkyB said:
It appears the administrators are doing there job, by honouring Ashley's period of exclusivity, and Sisu/King and Dawkins are using the local media to table bids to try and turn the bond holders heads.

The £25 million headline statement will soon evaporate if Ashley's tabled bid is rejected. I'd guess it'll turn to '£25 mill subject to due diligence' quickly.
Click to expand...

Its already subject to due dil
 
Reactions: Sky Blue Pete

Evo1883

Well-Known Member
  • Nov 17, 2022
  • #1,155
Danceswithhorses said:
Hmmm...£25m is such an arbitrary figure...one which is bound to make waves amongst the boldholders, making SISU look like the knight in shining armour.
Is this just a classic SISU case of offering more money than MA, then when MA gets the stadium, take him/administrator to court saying they offered more ?
Click to expand...

I don't think sisu , or even a new owner have the stomach for that , considering it will be the court itself that ensures if Ashley gets it today
 
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