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Doug King Takeover (4 Viewers)

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

Well-Known Member
  • Nov 17, 2022
  • #1,961
I have a really bad feeling about all of this
 
D

Deleted member 5849

Guest
  • Nov 17, 2022
  • #1,962
Gynnsthetonic said:
He might not get efl approval
Click to expand...

His goldfish would get EFL approval
 
Reactions: MusicDating, ccfcrob, Sky Blue Pete and 10 others

Brylowes

Well-Known Member
  • Nov 17, 2022
  • #1,963
I’m very busy so I’ve had to drop out of thread and can’t catch up ‘so if already broached forgive me.
How much of his own actual money has Doug King spent acquiring CCFC from SISU.
All previous takeover attempts came with a cash offer, so I presume as they’ve actually accepted this offer there’s a significant amount of cash involved.
 

Nuskyblue

Well-Known Member
  • Nov 17, 2022
  • #1,964
BackRoomRummermill said:
I have a really bad feeling about all of this
Click to expand...


 
Reactions: duffer
T

thekidfromstrettoncamp

Well-Known Member
  • Nov 17, 2022
  • #1,965
Gynnsthetonic said:
He might not get efl approval
Click to expand...
Are you suggesting they turn people down.
 

Gynnsthetonic

Well-Known Member
  • Nov 17, 2022
  • #1,966
Brylowes said:
I’m very busy so I’ve had to drop out of thread and can’t catch up ‘so if already broached forgive me.
How much of his own actual money has Doug King spent acquiring CCFC from SISU.
All previous takeover attempts came with a cash offer, so I presume as they’ve actually accepted this offer there’s a significant amount of cash involved.
Click to expand...
Maybe iou's involved
 

Calista

Well-Known Member
  • Nov 17, 2022
  • #1,967
Gynnsthetonic said:
Maybe iou's involved
Click to expand...
And possibly other people's money.

Nobody knows, and we may never know, given that we have no idea who has really owned CCFC for the last 15 years.
 
Reactions: Skyblueweeman and duffer

Evo1883

Well-Known Member
  • Nov 17, 2022
  • #1,968
OK so a question , Where's the debt gone ? And how are we debt free ?
 
Reactions: Skyblueweeman

Brylowes

Well-Known Member
  • Nov 17, 2022
  • #1,969
Calista said:
And possibly other people's money.

Nobody knows, and we may never know, given that we have no idea who has really owned CCFC for the last 15 years.
Click to expand...
But every previous offer to buy them out involved substantial amounts of cash (maybe not enough but substantial all the same) why would this be different.
This whole process stinks of everything that’s underhand about SISU and after the news broke last night I was happy for about 10 mins, then the reality starts to sink in.
 
Reactions: OldBedrocker, Finham and Calista

Nuskyblue

Well-Known Member
  • Nov 17, 2022
  • #1,970
Evo1883 said:
OK so a question , Where's the debt gone ? And how are we debt free ?
Click to expand...
Would this come out in the accounts in company house. Eventually?
 

MalcSB

Well-Known Member
  • Nov 17, 2022
  • #1,971
Brylowes said:
I’m very busy so I’ve had to drop out of thread and can’t catch up ‘so if already broached forgive me.
How much of his own actual money has Doug King spent acquiring CCFC from SISU.
All previous takeover attempts came with a cash offer, so I presume as they’ve actually accepted this offer there’s a significant amount of cash involved.
Click to expand...

Undisclosed fee.
 
Reactions: mmttww, Bernie Rhodes Nose, OldBedrocker and 6 others

Calista

Well-Known Member
  • Nov 17, 2022
  • #1,972
I can't claim to understand half of the financial discussions on here, but Ranson said we were 'debt free' after Sisu took over, and it was bollox because he meant there were no external debts. Within the internal labyrinth of companies, the debts were definitely there and they only got bigger as the years went by. I'd be amazed if something similar didn't apply now. I mean if somebody wanted to buy the club tomorrow, have the previous debts all just gone away? Obviously very happy if they have, but can't see it.
 
Reactions: OldBedrocker, The Philosopher, Finham and 2 others

slowpoke

Well-Known Member
  • Nov 17, 2022
  • #1,973
thekidfromstrettoncamp said:
Are you suggesting they turn people down.
Click to expand...
They have and do, think they are a lot more stringent now, & there’s a bit of government pressure now there are a lot of clubs up to their necks financially one thing the EFL will investigate is clubs financial proposals going forwards. Not sure how this Doug King will be seen at the moment he is good at saying what fans want to hear but as we know talk is cheap.
 
Reactions: OldBedrocker, Sky Blue Pete, thekidfromstrettoncamp and 1 other person
B

Brighton Sky Blue

Well-Known Member
  • Nov 17, 2022
  • #1,974
Evo1883 said:
OK so a question , Where's the debt gone ? And how are we debt free ?
Click to expand...

I would assume a lot of it is the debt that only really existed on paper, SISU owing money to itself.
 
Reactions: Skyblueweeman, Como and Evo1883
B

Brighton Sky Blue

Well-Known Member
  • Nov 17, 2022
  • #1,975
slowpoke said:
Think they have and do, they are a lot more stringent now, & there’s a bit of government pressure now there are a lot of clubs up to their necks financially one thing the EFL will investigate is clubs financial going forwards. Not sure how this Doug King will be seen at the moment he is good at saying what fans want to hear but as we know talk is cheap.
Click to expand...

If he shows proof of funds and makes a vague commitment to not quit the city for a 3rd time then that will probably do.
 
Reactions: Sky Blue Pete and duffer

Nuskyblue

Well-Known Member
  • Nov 17, 2022
  • #1,976
Brighton Sky Blue said:
If he shows proof of funds and makes a vague commitment to not quit the city for a 3rd time then that will probably do.
Click to expand...
Would the commitment have to be backed up with a plan, at least a vauge one?
 

Evo1883

Well-Known Member
  • Nov 17, 2022
  • #1,977
Brighton Sky Blue said:
I would assume a lot of it is the debt that only really existed on paper, SISU owing money to itself.
Click to expand...

So do you think we are actually debt free ? Just trying to gauge if it's business spin or actually legit
 
H

Happy_Martian

Well-Known Member
  • Nov 17, 2022
  • #1,978
Not trundling through the 10,000 post thread again but didn't somebody post a tweet from an ITK... or Richard Keys.... saying it would eventually come right but it'll get worse before it gets better and we'd have a good Xmas ? This may be the "worse" part. Not knowing who did what to who, where they did it and with what.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 17, 2022
  • #1,979
Evo1883 said:
So do you think we are actually debt free ? Just trying to gauge if it's business spin or actually legit
Click to expand...

I don’t think we have enough information to decide that. But to be completely debt free would mean he has either paid off or Joy has agreed to write off the £20 plus million they have injected since taking over since 2007.

I find it less likely that she’d agree to writing off millions. What would really help to know is if Ashley really has made zero contact with her even indirectly.
 
Reactions: Evo1883

Nuskyblue

Well-Known Member
  • Nov 17, 2022
  • #1,980
Happy_Martian said:
Not trundling through the 10,000 post thread again but didn't somebody post a tweet from an ITK... or Richard Keys.... saying it would eventually come right but it'll get worse before it gets better and we'd have a good Xmas ? This may be the "worse" part. Not knowing who did what to who, where they did it and with what.
Click to expand...
1 step back, 2 forward?

Also an ITK said something about the arena being owned by x and CCFC being own by Y and this being something to do with a sky blue Christmas
 

ccfc1234

Well-Known Member
  • Nov 17, 2022
  • #1,981
Happy_Martian said:
Not trundling through the 10,000 post thread again but didn't somebody post a tweet from an ITK... or Richard Keys.... saying it would eventually come right but it'll get worse before it gets better and we'd have a good Xmas ? This may be the "worse" part. Not knowing who did what to who, where they did it and with what.
Click to expand...
CCFC cludo!
 

Sick Boy

Super Moderator
  • Nov 17, 2022
  • #1,982
Nuskyblue said:
1 step back, 2 forward?

Also an ITK said something about the arena being owned by x and CCFC being own by Y and this being something to do with a sky blue Christmas
Click to expand...
@slowpoke ?
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 17, 2022
  • #1,983
Nuskyblue said:
Would the commitment have to be backed up with a plan, at least a vauge one?
Click to expand...

Well whatever’s required he can blag something then break his word if he needs to.
 
Reactions: Sky Blue Pete

slowpoke

Well-Known Member
  • Nov 17, 2022
  • #1,984
Brighton Sky Blue said:
If he shows proof of funds and makes a vague commitment to not quit the city for a 3rd time then that will probably do.
Click to expand...
I’m just surmising but I’d think he will have to prove he has funds and the means to show he can sustain a professional football club going forwards he might be able to do that. I also think he will have to commit to playing home games in Coventry area that being the CBS id think as the EFL requires a 10 guarantee where your home games are to be played, doesn’t stop him building a ground locally in the meantime.
 

Nuskyblue

Well-Known Member
  • Nov 17, 2022
  • #1,985
Sick Boy said:
@slowpoke ?
Click to expand...
50/50 slowpoke on the latter, dawkins on twitter for the former. The Dawkins bit was cryptic, I also don't have twitter so have zero context outside of SBT
 

Nuskyblue

Well-Known Member
  • Nov 17, 2022
  • #1,986
Brighton Sky Blue said:
Well whatever’s required he can blag something then break his word if he needs to.
Click to expand...
Not a robust test then...

Gang of bastards, explains brum. And the Maccems tbf
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 17, 2022
  • #1,987
slowpoke said:
I’m just surmising but I’d think he will have to prove he has funds and the means to show he can sustain a professional football club going forwards he might be able to do that. I also think he will have to commit to playing home games in Coventry area that being the CBS id think as the EFL requires a 10 guarantee where your home games are to be played, doesn’t stop him building a ground locally in the meantime.
Click to expand...

This seems much more effort than just approaching Ashley with a price.
 
Reactions: duffer

slowpoke

Well-Known Member
  • Nov 17, 2022
  • #1,988
Sick Boy said:
@slowpoke ?
Click to expand...
My itk has been pretty accurate up to now so onto stage three now, be patient. I’m trying to find out if this Doug King is a curve ball or for real.
still looking forward to Christmas at the moment.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 17, 2022
  • #1,989
Nuskyblue said:
Not a robust test then...

Gang of bastards, explains brum. And the Maccems tbf
Click to expand...

Well if it were too robust you’d struggle to find buyers for anyone!
 

duffer

Well-Known Member
  • Nov 17, 2022
  • #1,990
coop said:
Someone wake me up when we are stadium and club as one.
Click to expand...

Hmm. Hope you got a decent price on your cryogenics.

 
Reactions: OldBedrocker, GaryMabbuttsLeftKnee, AOM and 4 others

JAM See

Well-Known Member
  • Nov 17, 2022
  • #1,991
Ashley will NOT buy the club. Fact!
 

JAM See

Well-Known Member
  • Nov 17, 2022
  • #1,992
Ashely will definitely buy the club. Fact!
 

JAM See

Well-Known Member
  • Nov 17, 2022
  • #1,993
DK is the future. Fact!
 

JAM See

Well-Known Member
  • Nov 17, 2022
  • #1,994
DK is a chancer. Fact!
 

Nuskyblue

Well-Known Member
  • Nov 17, 2022
  • #1,995
Brighton Sky Blue said:
Well if it were too robust you’d struggle to find buyers for anyone!
Click to expand...
Probably raises the bar in terms of funding, but ultimately it benefits the efl/prem. Not the fans.

The whole thing stinks.

Did you watch Sunderland till I die? Funny but what a bunch of blaggers!
 
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