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Doug King Takeover (2 Viewers)

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

Well-Known Member
  • Dec 22, 2022
  • #3,396
Grendel said:
The king takeover has always looked suspicious

Why would he only acquire 85% and what money is actually changing hands
Click to expand...
I can think of viable reasons to retain a minority share - none of them suspicious

And why should anyone outside of the parties involved be made aware of "what money is changing hands"
 
Reactions: Skyblue_LDN and Sky Blue Pete

Nick

Administrator
  • Dec 22, 2022
  • #3,397
Sky Blue Pete said:
Saying??
Click to expand...
Not much really

Saying he can bring 2 in but waiting on green light for takeover to know about more.
 
Reactions: AOM, shepardo01 and Sky Blue Pete

Sbarcher

Well-Known Member
  • Dec 22, 2022
  • #3,398
oldfiver said:
I can think of viable reasons to retain a minority share - none of them suspicious

And why should anyone outside of the parties involved be made aware of "what money is changing hands"
Click to expand...
The same reason our friends in the NE still have Stewart Donald as a minority shareholder. Doesn't cost a great deal, but great financial rewards if the share is sold following promotion.
 
Reactions: Skyblueweeman

Grendel

Well-Known Member
  • Dec 22, 2022
  • #3,399
Sbarcher said:
The same reason our friends in the NE still have Stewart Donald as a minority shareholder. Doesn't cost a great deal, but great financial rewards if the share is sold following promotion.
Click to expand...

You don’t need to retain any ownership to have payback
 
O

OyJimmy

Member
  • Dec 22, 2022
  • #3,400
The King deal has always seemed a little bit fishy to me. Why now? Why not 6 months ago? I still think Sisu are trying to push the price up and hoping Ashley bites. But like everything they touch it’s all falling apart. I could be wrong but something doesn’t stack up
 
Reactions: skybluetony176, OldBedrocker, Sky Blue Dal and 2 others
O

oldfiver

Well-Known Member
  • Dec 22, 2022
  • #3,401
Grendel said:
You don’t need to retain any ownership to have payback
Click to expand...

It must follow that you can then?
 
B

Brighton Sky Blue

Well-Known Member
  • Dec 22, 2022
  • #3,402
OyJimmy said:
The King deal has always seemed a little bit fishy to me. Why now? Why not 6 months ago? I still think Sisu are trying to push the price up and hoping Ashley bites. But like everything they touch it’s all falling apart. I could be wrong but something doesn’t stack up
Click to expand...
Well they presumably wanted to see if they had any chance of bagging the stadium on the cheap and once a billionaire arrived on the scene, that disappeared
 

itsabuzzard

Well-Known Member
  • Dec 22, 2022
  • #3,403
edgy said:
Really? That's a pretty concrete statement in my eyes. He's not stupid.
Click to expand...
It's unlikely that he'd have the ultimate say on.player sales. Possibly more a line in the sand so that if SISU decide to cash in, he's off-ski.

Sent from my MAR-LX1A using Tapatalk
 
D

Deleted member 5849

Guest
  • Dec 22, 2022
  • #3,404
itsabuzzard said:
It's unlikely that he'd have the ultimate say on.player sales. Possibly more a line in the sand so that if SISU decide to cash in, he's off-ski.

Sent from my MAR-LX1A using Tapatalk
Click to expand...
Yeah, there's zero chance of us moving to Northampton. Zero chance of me getting a decent Christmas present or a pay rise, zero chance of this board being half-sane.

It's a turn of phrase is all, not an absolute this is what will happen!
 
Reactions: Sky Blue Pete

Sick Boy

Super Moderator
  • Dec 22, 2022
  • #3,405
skyblueelephant76 said:
The Sheff Utd owner has accepted an offer but the bidder hadn't been disclosed. It's with the EFL for approval
Click to expand...
The reaction on here to MA buying them would be something else.
 
B

Brighton Sky Blue

Well-Known Member
  • Dec 22, 2022
  • #3,406
Sick Boy said:
The reaction on here to MA buying them would be something else.
Click to expand...
I’m not going to lie I’d need a new pair of chinos.
 
W

wingy

Well-Known Member
  • Dec 22, 2022
  • #3,407
Sick Boy said:
The reaction on here to MA buying them would be something else.
Click to expand...
They seem to think it will be another Arab.
 

Sky Blue Harry H

Well-Known Member
  • Dec 22, 2022
  • #3,408
What you would hope is that Doug King will have an 'agreement' with SISU that our 'stars' stay put in the interim.
clint van damme said:
I'm scratching my head as to how we've managed to end up in a seemingly bigger mess than we were in a few months ago.

The 10 year deal gone, a tenant to a group that could be potentially buying a rival club and a bearded grifter hanging round the club like a bad smell.

As for the Doug King takeover, I was always sceptical it would happen.
Click to expand...

a tenant to a group that could be potentially buying a rival club

Missed that bit - which club is that?
Edit: just saw the Sheff Utd comments.
Would be a bit weird - arguably a conflict of interest, in that he could be accused of distressing us deliberately to the advantage of Sheff Utd.
 
Reactions: Londonccfcfan

itsabuzzard

Well-Known Member
  • Dec 22, 2022
  • #3,409
Sky Blue Harry H said:
What you would hope is that Doug King will have an 'agreement' with SISU that our 'stars' stay put in the interim.


I'd be astonished if such an agreement exists.

Sent from my MAR-LX1A using Tapatalk
Click to expand...
 

slowpoke

Well-Known Member
  • Dec 22, 2022
  • #3,410
wingy said:
They seem to think it will be another Arab.
Click to expand...
Read the proposed buyer is known and it’s going to the EFL for their fit and proper investigation, get in the queue.
 

BrisbaneBronco

Well-Known Member
  • Dec 23, 2022
  • #3,411
Ashley could use one of his other entities to buy Sheff Utd. He could also do the same with us and then have us pay an exorbitant amount of rent to Fraser Group. My hope is that there is some truth in his interest in Sheff Utd and that a successful purchase would see him agree to Fraser Group selling stadium to Doug King for a profit.
 

SkyBlueOz

Well-Known Member
  • Dec 23, 2022
  • #3,412
Its hard knowing who to believe but surely King easily has funds for the club if he was also going to throw 26 mil at the stadium.
 
C

CCFC54321

Well-Known Member
  • Dec 23, 2022
  • #3,413
Think the takeover will be rubber stamped once the final HMRC payment has been cleared.
 
C

coop

Well-Known Member
  • Dec 23, 2022
  • #3,414
I'm sure this has been done this is now beginning to look like he's a bit of a bull shitter but hope I'm wrong.
 
Reactions: Saddlebrains

slowpoke

Well-Known Member
  • Dec 23, 2022
  • #3,415
Outstanding tax bill paid, wrists have been slapped for the postponements of our three home matches, Doug King at match again Tuesday night looking “glad all over” can’t see anything left to stall this EFL decision and approval any longer so I am looking forward to a happy Christmas once again.
 
Last edited: Dec 23, 2022

skybluetony176

Well-Known Member
  • Dec 23, 2022
  • #3,416
OyJimmy said:
The King deal has always seemed a little bit fishy to me. Why now? Why not 6 months ago? I still think Sisu are trying to push the price up and hoping Ashley bites. But like everything they touch it’s all falling apart. I could be wrong but something doesn’t stack up
Click to expand...
Always felt to me that the King “deal” is about trying to frame the selling price of the club. This guy is willing to clear the debt for a majority share in the club so that’s the value if anyone else wants to buy it. I’ll believe the King deal is legit if and when the EFL ratify it. Until then I’ll remain sceptical.
 
C

CCFC54321

Well-Known Member
  • Dec 23, 2022
  • #3,417
slowpoke said:
Outstanding tax bill paid, wrists have been slapped for the postponements of our three home matches, Doug King at match again Tuesday night looking “glad all over” can’t see anything left to stall this EFL decision and approval any longer so I am looking forward to a happy Christmas once again.
Click to expand...
Exactly
 

Grendel

Well-Known Member
  • Dec 23, 2022
  • #3,418
CCFC54321 said:
Think the takeover will be rubber stamped once the final HMRC payment has been cleared.
Click to expand...

paid weeks ago apparently

Doug King Takeover

Certainly interesting times. My question is: what happens, if anything, if the King thing hasn't been approved by the time the transfer window opens? Sent from my MAR-LX1A using Tapatalk A takeover will happen, its just a matter of who and when. I remain positive.
www.skybluestalk.co.uk
 

MalcSB

Well-Known Member
  • Dec 23, 2022
  • #3,419
Grendel said:
paid weeks ago apparently

Doug King Takeover

Certainly interesting times. My question is: what happens, if anything, if the King thing hasn't been approved by the time the transfer window opens? Sent from my MAR-LX1A using Tapatalk A takeover will happen, its just a matter of who and when. I remain positive.
www.skybluestalk.co.uk
Click to expand...
Paid yesterday according to the club.
 
Reactions: kg82

skybluetony176

Well-Known Member
  • Dec 23, 2022
  • #3,420
MalcSB said:
Paid yesterday according to the club.
Click to expand...

NEWS: Coventry City complete 'Time To Pay' agreement, exiting transfer embargo

Coventry City can confirm that it has completed its ‘Time To Pay’ agreement with HMRC and will be able to exit transfer embargo.
www.ccfc.co.uk
 
Reactions: Sky Blue Pete

shmmeee

Well-Known Member
  • Dec 23, 2022
  • #3,421
I notice we’re still on the EFL embargo website, now joined by Cardiff. I’m guessing EFL admin doesn’t work particularly quickly, especially at this time of year.
 
Reactions: Skyblueweeman

Sky Blue Pete

Well-Known Member
  • Dec 23, 2022
  • #3,422
CCFC54321 said:
Think the takeover will be rubber stamped once the final HMRC payment has been cleared.
Click to expand...
Done
 

MalcSB

Well-Known Member
  • Dec 23, 2022
  • #3,423
Sky Blue Pete said:
Done
Click to expand...
Takeover?
 
Reactions: Senior Vick from Alicante

Sky Blue Pete

Well-Known Member
  • Dec 23, 2022
  • #3,424
MalcSB said:
Takeover?
Click to expand...
No
 

mark82

Super Moderator
  • Dec 23, 2022
  • #3,425
MalcSB said:
Takeover?
Click to expand...

HMRC payment.
 

Saddlebrains

Well-Known Member
  • Dec 23, 2022
  • #3,426
Amazing its not completed isnt it
 

Bad Boy

Well-Known Member
  • Dec 23, 2022
  • #3,427
Imminent, my f**King arse.
This is starting to smell worse than my jockstrap.
 

Sky Blue Pete

Well-Known Member
  • Dec 23, 2022
  • #3,428
Chill do what you can do
 

MAFF

Well-Known Member
  • Dec 23, 2022
  • #3,429
Saddlebrains said:
Amazing its not completed isnt it
Click to expand...
Shocked to my core
 
Reactions: Saddlebrains

Bad Boy

Well-Known Member
  • Dec 23, 2022
  • #3,430
Sky Blue Pete said:
Chill do what you can do
Click to expand...
What, like cook turkey and sprouts on Sunday.
How cool is that.
 
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