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Rumour: Hoffman and Elliot takeover negotiations (3 Viewers)

  • Thread starter Evo1883
  • Start date Apr 9, 2017
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bawtryneal

Well-Known Member
  • May 16, 2017
  • #4,516
riyadhskyblue said:
I have no opinion on how much anybody earns, it's about market forces and what people will accept, here in KSA you can pay staff150 pounds a month and they will thank you, for this they get accommodations and food, medical and transport included and no tax and flights home every couple of years and it is much better than in their home country.
This is one end of the scale and the top players are at the other end and can drop a couple of weeks wages at the casino in a night. Is that right? Well he will have paid more in tax in a week than most earn in five years, that will trickle down into payments for staff, services paid for and keep builders, tailors, restaurants, car makers etc... in business.
As long as his club is solvent, as long as his salary that's pays it own way then frankly it's none of my business and to me it is small minded to begrudge them something that you would snap their hands off for if it was offered to you.
Click to expand...

Agree with your sentiments but 200 and 300k a week is completely obscene. There should be some form of salary cap at 100k maximum in my opinion. Mind you if Jeremy ever gets into power it will stop the clubs in there tracks with some of the penalties he is looking to impose.
 
Reactions: Astute, Sky Blue Kid and Brylowes

Esoterica

Well-Known Member
  • May 16, 2017
  • #4,517
ccfc92 said:
What's a hypotenuse?
Click to expand...
It's responsible for more human fatalities in Africa than any other large animal.
 
Reactions: Sky Blue Pete, Astute, singers_pore and 2 others
M

Monners

Well-Known Member
  • May 16, 2017
  • #4,518
Esoterica said:
It's responsible for more human fatalities in Africa than any other large animal.
Click to expand...
What - including the Heffalump?
 

Liquid Gold

Well-Known Member
  • May 16, 2017
  • #4,519
Monners said:
What - including the Heffalump?
Click to expand...
Not including your mum on holiday.

 
Reactions: Monners
M

Monners

Well-Known Member
  • May 16, 2017
  • #4,520
Liquid Gold said:
Not including your mum on holiday.

Click to expand...
You have obviously never met anyone from Donegal!
 
Reactions: clint van damme

Liquid Gold

Well-Known Member
  • May 16, 2017
  • #4,521
Monners said:
You have obviously never met anyone from Donegal!
Click to expand...


????
 

Brylowes

Well-Known Member
  • May 16, 2017
  • #4,522
Liquid Gold said:


????
Click to expand...
Shane.......is that you ?
 
Reactions: Sky Blue Kid
M

Monners

Well-Known Member
  • May 16, 2017
  • #4,523
Liquid Gold said:


????
Click to expand...
Getting closer
 

Paxman II

Well-Known Member
  • May 16, 2017
  • #4,524
I don't believe in capping wages if the company can afford it. However a couple of points here:
Footballers are involved in the richest sport this country has. The sponsorship and TV deals have helped to make it so.
Now if Andy Murray earns 12m a year say by winning tournaments and sponsorship then good for him. As an individual in an individual sport it makes sense.
With a footballer he is part of a much wider structure and part of a 'team' of 11 players. His success relies heavily others. This is where the balance seems out of whack for me.
With so much money in football from outside sources, the authorities that run the game should be ensuring a big percentage is shared down through the leagues. No club should be failing while players are earning 300k a week. Players lucky enough to be a Rooney or a Vardy owe their careers to football in general throughout the leagues.
A substantial amount should be distributed to help clubs compete in all our leagues. Why would we prefer to pass on deals paying the likes of Rooney etc over 300k a week while ignoring these clubs? It's obscene. Fans are expected to buy season tickets while the players are earning such money? If there is so much outside money in the game let the supporters benefit and make a ticket cheap or even free.
If all this reduced players wages to say 100k a week then I think we would have a fairer system for all concerned.
 
Last edited: May 16, 2017
Reactions: win9nut, Sky Blue Pete, bawtryneal and 2 others

Sky Blue Kid

Well-Known Member
  • May 16, 2017
  • #4,525
riyadhskyblue said:
I have no opinion on how much anybody earns, it's about market forces and what people will accept, here in KSA you can pay staff150 pounds a month and they will thank you, for this they get accommodations and food, medical and transport included and no tax and flights home every couple of years and it is much better than in their home country.
This is one end of the scale and the top players are at the other end and can drop a couple of weeks wages at the casino in a night. Is that right? Well he will have paid more in tax in a week than most earn in five years, that will trickle down into payments for staff, services paid for and keep builders, tailors, restaurants, car makers etc... in business.
As long as his club is solvent, as long as his salary that's pays it own way then frankly it's none of my business and to me it is small minded to begrudge them something that you would snap their hands off for if it was offered to you.
Click to expand...



I'm not a greedy person pal, and as long as my family and myself are comfortably off I won't moan. You see, not everyone in life is a "Money grabber" Oh Yes, I almost forgot, Look at my earlier post about not begrudging players. Shows you don't read all posts eh?

Meanwhile teams like Southport, Chester City, Halifax, Hereford, Accrington, to name a few, that couldn't afford to carry on and went into Administration/Liquidation(Some now back in the football league(Accrington) could have done with a helping hand to keep grass roots football alive and save them from extinction. One weeks wages of a top player could sustain a L2 club for years.
 
Reactions: Sky Blue Pete and skybluedan

Sky Blue Kid

Well-Known Member
  • May 16, 2017
  • #4,526
Paxman II said:
I don't believe in capping wages if the company can afford it. However a couple of points here:
Footballers are involved in the richest sport this country has. The sponsorship and TV deals have helped to make it so.
Now if Andy Murray earns 12m a year say by winning tournaments and sponsorship then good for him. As an individual in an individual sport it makes sense.
With a footballer he is part of a much wider structure and part of a 'team' of 11 players. His success relies heavily others. This is where the balance seems out of whack for me.
With so much money in football from outside sources, the authorities that run the game should be ensuring a big percentage is shared down through the leagues. No club should be failing while players are earning 300k a week. Players lucky enough to be a Rooney or a Vardy owe their careers to football in general throughout the leagues.
A substantial amount should be distributed to help clubs compete in all our leagues. Why would we prefer to pass on deals paying the likes of Rooney etc over 300k a week while ignoring these clubs? It's obscene. Fans are expected to buy season tickets while the players are earning such money? If there is so much outside money in the game let the supporters benefit and make a ticket cheap or even free.
If all this reduced players wages to say 100k a week then I think we would have a fairer system for all concerned.
Click to expand...


Top post, and you and I are not the only ones with the same train of thought either.
 
Reactions: Paxman II

Sky Blue Kid

Well-Known Member
  • May 16, 2017
  • #4,527
Great_Expectations said:
Who did you play for when you were a footballer?
Click to expand...


Coventry Sporting Club, Ayr Utd, Montrose, and briefly Raith.(6 games)
 

Captain Dart

Well-Known Member
  • May 16, 2017
  • #4,528
riyadhskyblue said:
I have no opinion on how much anybody earns, it's about market forces and what people will accept, here in KSA you can pay staff150 pounds a month and they will thank you, for this they get accommodations and food, medical and transport included and no tax and flights home every couple of years and it is much better than in their home country.
This is one end of the scale and the top players are at the other end and can drop a couple of weeks wages at the casino in a night. Is that right? Well he will have paid more in tax in a week than most earn in five years, that will trickle down into payments for staff, services paid for and keep builders, tailors, restaurants, car makers etc... in business.
As long as his club is solvent, as long as his salary that's pays it own way then frankly it's none of my business and to me it is small minded to begrudge them something that you would snap their hands off for if it was offered to you.
Click to expand...

I think you are not talking about everyone.
There is no doubt in my mind the ruling class in SA would treat many workers as slaves if they could, in fact slavery was only abolished in SA in 1962.
Condition of Workers in Saudi Exposes Chinks in Modi's Policy For Indians Abroad

It is an appalling country.
 
Reactions: Brylowes, shmmeee, Sky Blue Kid and 1 other person

Sky Blue Kid

Well-Known Member
  • May 16, 2017
  • #4,529
ccfc92 said:
What's a hypotenuse?
Click to expand...


A f**king strong loo.
 

shmmeee

Well-Known Member
  • May 16, 2017
  • #4,530
riyadhskyblue said:
I have no opinion on how much anybody earns, it's about market forces and what people will accept, here in KSA you can pay staff150 pounds a month and they will thank you, for this they get accommodations and food, medical and transport included and no tax and flights home every couple of years and it is much better than in their home country.
This is one end of the scale and the top players are at the other end and can drop a couple of weeks wages at the casino in a night. Is that right? Well he will have paid more in tax in a week than most earn in five years, that will trickle down into payments for staff, services paid for and keep builders, tailors, restaurants, car makers etc... in business.
As long as his club is solvent, as long as his salary that's pays it own way then frankly it's none of my business and to me it is small minded to begrudge them something that you would snap their hands off for if it was offered to you.
Click to expand...

Why is it everyone from Dubai or KSA that I come across has this weird hyper free market ideology that they put forward as incontrovertible fact? Must be something about the culture and living in a country that doesn't have to think about economics thanks to natural resources.
 
Reactions: Sky Blue Pete

Sky Blue Kid

Well-Known Member
  • May 16, 2017
  • #4,531
shmmeee said:
Why is it everyone from Dubai or KSA that I come across has this weird hyper free market ideology that they put forward as incontrovertible fact? Must be something about the culture and living in a country that doesn't have to think about economics thanks to natural resources.
Click to expand...


And the "I'm alright Jack, f**k you" attitude.
 
Reactions: Sky Blue Pete
S

SkyBlue79

Well-Known Member
  • May 16, 2017
  • #4,532
Player wages just increase in line with the Premiership TV deal, which continues to rise. Established Premiership clubs can afford it and seem to make money so I don't see an issue with wages as such. What is an issue is the lack of money made available as you slide down the leagues, it seems that it is extremely rare for non-PL teams to be able to both compete and run close to break even. The introduction of the Premier League and ring fencing of the money it brings has had more of an impact on the game than removal of the maximum wage in my opinion. What's more worrying, in terms of the longer term, is the fact that the majority of Premiership sides are also foreign owned and therefore have even less regard for the other three professional leagues than when the PL was started in the first place.
 
Reactions: win9nut, 6 Generations, Monners and 2 others

fernandopartridge

Well-Known Member
  • May 16, 2017
  • #4,533
SkyBlue79 said:
Player wages just increase in line with the Premiership TV deal, which continues to rise. Established Premiership clubs can afford it and seem to make money so I don't see an issue with wages as such. What is an issue is the lack of money made available as you slide down the leagues, it seems that it is extremely rare for non-PL teams to be able to both compete and run close to break even. The introduction of the Premier League and ring fencing of the money it brings has had more of an impact on the game than removal of the maximum wage in my opinion. What's more worrying, in terms of the longer term, is the fact that the majority of Premiership sides are also foreign owned and therefore have even less regard for the other three professional leagues than when the PL was started in the first place.
Click to expand...
I genuinely hope that those teams who want to fuck off and play in a super league in Qatar for billions of TV money, taking the nauseating Leicester type happy clappers with them.

Sent from my D6603 using Tapatalk
 
Reactions: 6 Generations
6

6 Generations

Well-Known Member
  • May 17, 2017
  • #4,534
Third bid rejected.

It appears that the Hoffman consortium still have not been informed of the selling price.
 

Sky Blue Kid

Well-Known Member
  • May 17, 2017
  • #4,535
6 Generations said:
Third bid rejected.

It appears that the Hoffman consortium still have not been informed of the selling price.
Click to expand...


And it also appears Hoffman has joined NOPM too
 
Reactions: Paxman II and 6 Generations

skybluetony176

Well-Known Member
  • May 17, 2017
  • #4,536
Well if the details in the CT are correct of £2M up front, SISU keep Ryton (which is the only tangible asset) that probably explains why Les hasn't been falling all over himself on twitter calling it derisory. Seems a pretty fair deal to me. Well, for SISU anyway.
 
Reactions: Kingokings204, 6 Generations and Sky Blue Kid

Nick

Administrator
  • May 17, 2017
  • #4,537
I thought Hoffman wanted it in private and was upset about details coming out? Bhsb and last won't be happy about that.

In terms of the bid, is getting closer but is it still just for assets or is he cutting a deal for a % of debt? That will be their sticking point. ( actual debt, not the random number).

Glad he has said to keep ryton as a sweetener, don't mess about renting it back have a clean break.
 

Sub

Well-Known Member
  • May 17, 2017
  • #4,538
i wonder if CCFC will be training at the higgs
(till it gets developed by wasps) if SISU get ryton???
 

clint van damme

Well-Known Member
  • May 17, 2017
  • #4,539
Sky Blue Kid said:
And it also appears Hoffman has joined NOPM too
Click to expand...

as much as I want this to happen there's no point in Hoffman paying ridiculously over the odds for it.
Unfortunately I think that that is what sisu will expect.
 
Reactions: colin101, Captain Dart, Astute and 1 other person

ajsccfc

Well-Known Member
  • May 17, 2017
  • #4,540
The point where they give up on trying is pretty much the point I'm giving up on it all myself.
 
Reactions: Astute, pusbccfc and covcity4life

Nick

Administrator
  • May 17, 2017
  • #4,541
Sub said:
i wonder if CCFC will be training at the higgs
(till it gets developed by wasps) if SISU get ryton???
Click to expand...
Would have thought something like that or unis
 

skybluetony176

Well-Known Member
  • May 17, 2017
  • #4,542
Nick said:
I thought Hoffman wanted it in private and was upset about details coming out? Bhsb and last won't be happy about that.

In terms of the bid, is getting closer but is it still just for assets or is he cutting a deal for a % of debt? That will be their sticking point. ( actual debt, not the random number).

Glad he has said to keep ryton as a sweetener, don't mess about renting it back have a clean break.
Click to expand...

If they give them £2M up front and they retain something reputed to be worth circa £6M doesn't that just about cover the real debt which from my understanding is the ARVO charge, which IIRC stands at about £8.5 million including the Wonga interest rates that have been accrued.
 
Reactions: bezzer, Brylowes, Astute and 2 others

Sub

Well-Known Member
  • May 17, 2017
  • #4,543
Nick said:
Would have thought something like that or unis
Click to expand...

wonder if they could go into joint ownership of the higgs aswell as the stadium long term ??
 

Voice_of_Reason

Well-Known Member
  • May 17, 2017
  • #4,544
Just wondering if there is something sisu are hiding which a sale might reveal and that is the reason preventing a sale?
 
Reactions: Captain Dart and Sky Blue Kid
D

dongonzalos

Well-Known Member
  • May 17, 2017
  • #4,545
Coventry City: Gary Hoffman consortium has third offer rejected
 
D

dongonzalos

Well-Known Member
  • May 17, 2017
  • #4,546
clint van damme said:
as much as I want this to happen there's no point in Hoffman paying ridiculously over the odds for it.
Unfortunately I think that that is what sisu will expect.
Click to expand...

I agree with that. I would prefer this consortium to save their money so they can actually afford to run the club if they manage to get it.
There is no point getting pushed to an unrealistic price for the club because of your emotional attachments to it.
The fact people won't meet them to negotiate tells its own story.
They should stick to what it is actually worth. Then wait until the legal action is completely finished and SISU have ran it that badly it gets picked up for next nothing.
Shame for us fans but the most sensible way to go.
 

covcity4life

Well-Known Member
  • May 17, 2017
  • #4,547
putting this in here too, nick might be worth merging the threads.
=======
the bids are getting better and i think now would be unfair to call them jokes.

2m upfront. 20m with potential add ons(yes potential) and ryton to sell on for houses. hasn't been rejected as derisory......yet

doesnt look like a 4th bid coming in anytime soon unless joy speaks to them. poor business to not even respond. only need to say "look we are not for sale and will not entertain any bids" or for "any bid to be deemed acceptable we would require more money upfront etc" .joy and sisu not getting back to investers should not be defended.
 
Reactions: Earlsdon_Skyblue1

clint van damme

Well-Known Member
  • May 17, 2017
  • #4,548
covcity4life said:
putting this in here too, nick might be worth merging the threads.
=======
the bids are getting better and i think now would be unfair to call them jokes.

2m upfront. 20m with potential add ons(yes potential) and ryton to sell on for houses. hasn't been rejected as derisory......yet

doesnt look like a 4th bid coming in anytime soon unless joy speaks to them. poor business to not even respond. only need to say "look we are not for sale and will not entertain any bids" or for "any bid to be deemed acceptable we would require more money upfront etc" .joy and sisu not getting back to investers should not be defended.
Click to expand...

apparently one of the facebook groups has people on it who are adamant the 4th bid has gone in, not on it myself so don't know but that's the talk at work by people who are on it.
 
S

SkyBlue79

Well-Known Member
  • May 17, 2017
  • #4,549
Are SISU delaying the sale process whilst they take as much of the ST money as possible and as much of the player sales money that they can? It took a while to turn the latest offer down.
 

Astute

Well-Known Member
  • May 17, 2017
  • #4,550
Looks like a sensible bid to me. SISU keep the only thing of value left other than players. The consortium don't overpay by too much leaving funding to take us forward. SISU don't waste any more money on something they don't have a clue about running.

But Joy will hold out expecting much more. Why won't she at least meet to negotiate an exit? Maybe she knows they will just walk away.
 
Reactions: torchomatic
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