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Doug King Takeover (2 Viewers)

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

Well-Known Member
  • Nov 17, 2022
  • #1,296
Theory #84901...Ashley does want the club, but wants 100%.
SISU doesn't want to cash out fully, so has 'sold' 85% to Mr King.
Ashley can buy this 85%, or walk away.
 
Reactions: RegTheDonk

Gibbo

Well-Known Member
  • Nov 17, 2022
  • #1,297
We need new members. More traffic =, more ads for Nick to show = more revenue for SBT = good thing, as it is technically much better than many supporter blogs
 
Reactions: Sky Blue Pete, B-Ban-Boogie and evac
R

rexo87

Well-Known Member
  • Nov 17, 2022
  • #1,298
Nick said:
Click to expand...
cmon the judge
 

Skybluedownunder

Well-Known Member
  • Nov 17, 2022
  • #1,299
The Philosopher said:
Still don’t understand why King didn’t bid “£35m to satisfy the bondholders claim in exchange for their charge including the £9m P Share charge”

King gets the Bonds pays off, assumes the rights of the Bondholder and charge holder might get £9m back meaning it’s all cost £26m not £25m and he occupies a stadium which he has a charge over.

I’m sure I must have missed something
Click to expand...

P share has nothing to do with ACL


Sent from my iPhone using Tapatalk
 

Calista

Well-Known Member
  • Nov 17, 2022
  • #1,300
A bit like when you've been out and missed a game, but recorded it, I've just spent an hour and a half reading through the last 9 pages "as live". Only to watch 90 mins of a tedious 0-0 and we're going into extra time.
 
Reactions: Sky Blue Pete

The Philosopher

Well-Known Member
  • Nov 17, 2022
  • #1,301
Londonccfcfan said:
Administrators have to surely act in best interests of Bond holders and stakeholders
Click to expand...
Administrators are often a bit greasy. Just saying.
 
Reactions: duffer

Londonccfcfan

Well-Known Member
  • Nov 17, 2022
  • #1,302
rexo87 said:
cmon the judge
Click to expand...
Whos she?
 

The Philosopher

Well-Known Member
  • Nov 17, 2022
  • #1,303
Skybluedownunder said:
P share has nothing to do with ACL


Sent from my iPhone using Tapatalk
Click to expand...
I thought I’d read that the Bondholders had a charge over that too.

You 100% sure I’m wrong? I’ll happily agree I am if you are sure.
 

jordan210

Well-Known Member
  • Nov 17, 2022
  • #1,304
Gibbo said:
We need new members. More traffic =, more ads for Nick to show = more revenue for SBT = good thing, as it is technically much better than many supporter blogs
Click to expand...

Then SBT can sponsor the club and we live happily ever after
 

Nick

Administrator
  • Nov 17, 2022
  • #1,305
Londonccfcfan said:
Administrators have to surely act in best interests of Bond holders and stakeholders
Click to expand...

Interesting if the judge is having to persuade them of that.
 
Reactions: duffer, Sick Boy and Londonccfcfan

ceetee

Well-Known Member
  • Nov 17, 2022
  • #1,306
OldBedrocker said:
What knowledge? Haven’t we always assumed it is just another folder in her portfolio and besides a couple of Wembley trips she has very little involvement in the day to day month to month running of the club
Click to expand...
No she buys and sells players as lots of contributors to this board will tell you
 
W

wal3590

Well-Known Member
  • Nov 17, 2022
  • #1,307
Nick said:
Click to expand...

Sorry but who is this woman?
 

Bugsy

Well-Known Member
  • Nov 17, 2022
  • #1,308
Londonccfcfan said:
Whos she?
Click to expand...


don't know, but why don't she come on over.....PUSB
 
Reactions: Skyblueweeman and wal3590

MalcSB

Well-Known Member
  • Nov 17, 2022
  • #1,309
The Philosopher said:
I thought I’d read that the Bondholders had a charge over that too.

You 100% sure I’m wrong? I’ll happily agree I am if you are sure.
Click to expand...
The bondholders have a charge over proceeds from the sale of the P share which isn’t held by ACL. Today’s hearing is about ACL.
 
Reactions: Sky Blue Pete and duffer

Nick

Administrator
  • Nov 17, 2022
  • #1,310
Londonccfcfan said:
Whos she?
Click to expand...

Bondholder.
 
Reactions: wal3590

duffer

Well-Known Member
  • Nov 17, 2022
  • #1,311
wal3590 said:
Sorry but who is this woman?
Click to expand...

She's the one who organised the bondholders' crowdfunding legal thing...
 
Reactions: Sky Blue Pete and wal3590

duffer

Well-Known Member
  • Nov 17, 2022
  • #1,312
Nick said:
Bondholder.
Click to expand...

Liking the new avatar, Nick...
 
Reactions: Finham, torchomatic and Nick

Sick Boy

Super Moderator
  • Nov 17, 2022
  • #1,313
Weird it’s not being challenged then?
 

The Philosopher

Well-Known Member
  • Nov 17, 2022
  • #1,314
MalcSB said:
The bondholders have a charge over proceeds from the sale of the P share which isn’t held by ACL. Today’s hearing is about ACL.
Click to expand...
Yep, so buy out the bondholder legal position (assume their position) and get a potential £9m back later.
 

ceetee

Well-Known Member
  • Nov 17, 2022
  • #1,315
I thought ACL weren't actually In Admin yet, so it's not the Administrators call. Richardson can sell to whomsoever he wants
 

Nick

Administrator
  • Nov 17, 2022
  • #1,316
Sick Boy said:
Weird it’s not being challenged then?
Click to expand...

It is the Trustee who makes that decision.

The same one who has been selectively communicative.
 
Reactions: Sick Boy

jordan210

Well-Known Member
  • Nov 17, 2022
  • #1,317
Defo so bond holder in flighting going on. Wonder if who ever holds a larger share was throwing weight around to get a deal done.
 

Londonccfcfan

Well-Known Member
  • Nov 17, 2022
  • #1,318
Nick said:
Bondholder.
Click to expand...
Common sense needs to prevail here for all partys concerned.

As long as this Doug King isnt blagging im convinced hes not. That hes got the funds. Then Ashley shouldnt even be in the picture.
 
Reactions: Sky Blue Pete
H

HuckerbyDublinWhelan

Well-Known Member
  • Nov 17, 2022
  • #1,319
Administrators will love this, can start billing now
 

Nick

Administrator
  • Nov 17, 2022
  • #1,320
 

MAFF

Well-Known Member
  • Nov 17, 2022
  • #1,321
Nick said:
Click to expand...

I can't decide if he's a WUM or ITK
 

The Philosopher

Well-Known Member
  • Nov 17, 2022
  • #1,322
Nick said:
Click to expand...
This is the account people told me write in green crayons, right?
 

Nick

Administrator
  • Nov 17, 2022
  • #1,323
Reads to me that the court has gone Ashley's way.
 
Reactions: Londonccfcfan

Londonccfcfan

Well-Known Member
  • Nov 17, 2022
  • #1,324
HuckerbyDublinWhelan said:
Administrators will love this, can start billing now
Click to expand...
Lights are literally going to be switched off tommorow at the stadium by sounds of it.
 
D

Deleted member 5849

Guest
  • Nov 17, 2022
  • #1,325
Nick said:
Reads to me that the court has gone Ashley's way.
Click to expand...
Would certainly be a shock if not, wouldn't it.
 

Sick Boy

Super Moderator
  • Nov 17, 2022
  • #1,326
Nick said:
Reads to me that the court has gone Ashley's way.
Click to expand...
Could also be read as goading the council considering the account.
 
Reactions: wingy and Calista

Gynnsthetonic

Well-Known Member
  • Nov 17, 2022
  • #1,327
I need a poo, suspense is killing me
 
Reactions: TwistAndShoutCCFC1987, CCFCSteve, Senior Vick from Alicante and 1 other person

The Philosopher

Well-Known Member
  • Nov 17, 2022
  • #1,328
This feels like that bit of time where some people know but haven’t got on to Twitter yet whilst we are in the dark.
 

jordan210

Well-Known Member
  • Nov 17, 2022
  • #1,329
Nick said:
Reads to me that the court has gone Ashley's way.
Click to expand...

Could be to the council. That the wasps act project has failed.
 
Reactions: Sick Boy

hill83

Well-Known Member
  • Nov 17, 2022
  • #1,330
Gynnsthetonic said:
I need a poo, suspense is killing me
Click to expand...

All the best pal
 
Reactions: Gynnsthetonic
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