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Rumour: Hoffman and Elliot takeover negotiations (1 Viewer)

  • Thread starter Evo1883
  • Start date Apr 9, 2017
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skybluetony176

Well-Known Member
  • Apr 21, 2017
  • #2,906
chiefdave said:
At the moment SISU hold all the cards so if you want to get control of the club by them isn't it best to jump through their hoops no matter how pointless? If they have the money proof of funds is easy to provide. Why not just provide it and remove another possible barrier to a takeover.
Click to expand...

SISU have a history of wanting to know who's name to put on their list. What makes you think this is any different?
 
E

Earlsdon-Loyal-Blue

Well-Known Member
  • Apr 21, 2017
  • #2,907
hill83 said:
Hang on. I'll set his alarm off.

SISU ARE RUBBISH
Click to expand...

Hahahahahahha same logic applies to @Earlsdon_Skyblue1 only need to mildly criticise Slade and he's immediately summoned!!
 
Reactions: Earlsdon_Skyblue1

italiahorse

Well-Known Member
  • Apr 21, 2017
  • #2,908
skysblue said:
Thats enough for me, no season ticket now! this offer is good what are SISU up to? I urge you all do not give these scum who are using our club for reasons other than football any more of your hard earned money.
Click to expand...
Im not buying if Sisu are still here. This is my defining moment.
They are taking the piss if they don't accept but that won't include me.
 

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #2,909
skybluetony176 said:
Will it help if he does?
Click to expand...
Yes. If its via Wasps it will confirm they have some involvement. If its via Hoffman or his associates then it shows that from day 1 they are feeding the fans BS.
 

SkyBlueRuffian

Well-Known Member
  • Apr 21, 2017
  • #2,910
Grendel said:
Hoffman did suggest a long term arrangement with wasps at the Ricoh and "commercial" benefits they'd get.
Click to expand...
Which proves WASPS are willing to deal with professional people and not big children like SISU.
 
Reactions: eggwold and italiahorse

chickentikkamasala

Well-Known Member
  • Apr 21, 2017
  • #2,911
chiefdave said:
At the moment SISU hold all the cards so if you want to get control of the club by them isn't it best to jump through their hoops no matter how pointless? If they have the money proof of funds is easy to provide. Why not just provide it and remove another possible barrier to a takeover.
Click to expand...

Why do they need proof of funds?

they have repeatedly stated the club is NOT for sale
 

italiahorse

Well-Known Member
  • Apr 21, 2017
  • #2,912
fernandopartridge said:
That would the investors to be just that, instead they're buying the club on its own credit card

Sent from my D6603 using Tapatalk
Click to expand...
You stick with them pal. You deserve them.
 
Reactions: cloughie

Earlsdon_Skyblue1

Well-Known Member
  • Apr 21, 2017
  • #2,913
While we are talking about alarms.

Russell Slade is probably the best manager we've ever had.

Tony Mowbray is almost certainly the worst manager we've ever had.
 
Reactions: Earlsdon-Loyal-Blue
S

scubasteve

Well-Known Member
  • Apr 21, 2017
  • #2,914
chiefdave said:
The leak didn't come from Reid and the Observer it came from Italia on here and I highly doubt that came via SISU.
Click to expand...
A random bloke posting a rumour on a fan forum saying something might happen this week is hardly a leaking info.
A person revealing financial details and that they have been rejected in a local news paper before it's even been confirmed by either party is leaking info.
 
Last edited: Apr 21, 2017
Reactions: Astute, Dhinsa's_Millions, Monners and 2 others

letsallsingtogether

Well-Known Member
  • Apr 21, 2017
  • #2,915

Sisu actions to the fans as usual
 

chiefdave

Well-Known Member
  • Apr 21, 2017
  • #2,916
SkyBlueRuffian said:
Which proves WASPS are willing to deal with professional people and not big children like SISU.
Click to expand...
Surely that depends what Hoffman is agreeing to?
 
T

theferret

Well-Known Member
  • Apr 21, 2017
  • #2,917
chiefdave said:
At the moment SISU hold all the cards so if you want to get control of the club by them isn't it best to jump through their hoops no matter how pointless? If they have the money proof of funds is easy to provide. Why not just provide it and remove another possible barrier to a takeover.
Click to expand...

You are quite possibly correct. However, if one or more of the investors is identified as having substantial personal wealth, does that not open up the possibility of a shift in negotiating position if the other side know that? Who knows, that may not be the case, but I can understand the caution on the part of the investors, it's their money after all. They're already committed to chucking a load it of it down the drain, perhaps they don't want to overplay their hand too early.
 
Reactions: Astute

letsallsingtogether

Well-Known Member
  • Apr 21, 2017
  • #2,918
scubasteve said:
A random bloke posting a rumour on a fan forum saying simthing might happen this week is hardly a leaking info.
A person revealing financial details and that they have been rejected in a local news paper before it's even been confirmed by either party is leaking info.
Click to expand...
Good job it wasn't done by the telegraph Chiefdave would have had a fit.
 
G

Godiva

Well-Known Member
  • Apr 21, 2017
  • #2,919
chiefdave said:
Yes. If its via Wasps it will confirm they have some involvement. If its via Hoffman or his associates then it shows that from day 1 they are feeding the fans BS.
Click to expand...

Maybe WASPS are backing Hoffman? Is that likely?
 

Earlsdon_Skyblue1

Well-Known Member
  • Apr 21, 2017
  • #2,920
Earlsdon-Loyal-Blue said:
Hahahahahahha same logic applies to @Earlsdon_Skyblue1 only need to mildly criticise Slade and he's immediately summoned!!
Click to expand...

Slade is a better manager than Mowbray.
 
Reactions: Earlsdon-Loyal-Blue

oldskyblue58

CCFC Finance Director
  • Apr 21, 2017
  • #2,921
I think the offer is reasonably generous given there are few assets being acquired. Because they are bidding for the assets and football creditors it will address a small part of the ARVO liabilities owed but not the 28m in sbs&l. Also the adds on are not certain so that won't appeal to Sisu either because they can't guarantee ARVO or investors anything. Simply there isn't enough in it that is certain for them

But Sisu should be used to the concept they had a 6m arrangement when they bought in ..... that of course was never paid

How the bid is structured makes me uneasy about future funding at first look. The club will need to be cash flow positive to pay the add ons. Giving Sisu 50% of player sales restricts squad cash flow makes it hard to get to the SCMP budget and potentially gives a tax bill. The way round it would seem to be bringing in debt.... I wouldn't want to end up back where we started and growing debt

. Another query would be what is the net amount of assets (players ryton trademark etc ) less football creditors....... if the net amount of that is say 4m you could see a reason why Sisu see the offer of 1.2m as not good enough. To acquire the assets Hoffman will need to pay current market value for the assets. How much was bid for Stevenson for example?

I would think there will be a third bid
 
Reactions: fernandopartridge, Gaz71 and covcity4life

covcity4life

Well-Known Member
  • Apr 21, 2017
  • #2,922
Italia doesnt need to reveal sources if it means no more new info

We now know we can trust him. Thats enough?
 
Reactions: cloughie and Monners

hill83

Well-Known Member
  • Apr 21, 2017
  • #2,923
Earlsdon_Skyblue1 said:
While we are talking about alarms.

Russell Slade is probably the best manager we've ever had.

Tony Mowbray is almost certainly the worst manager we've ever had.
Click to expand...

@covcity4life

 
Reactions: covcity4life and Earlsdon_Skyblue1

skybluetony176

Well-Known Member
  • Apr 21, 2017
  • #2,924
italiahorse said:
FFS wake up and smell the coffee. Beggars belief !!!!!!!!!!!
Click to expand...

 
W

wingy

Well-Known Member
  • Apr 21, 2017
  • #2,925
olderskyblue said:
So it's not just italia being an arse again this time? It's a PR stunt? A poster who is known for regularly getting lots of flak on here, and who's opinion on anything is derided by many posters, is suddenly part of a PR initiative by Hoffman? Really?
Click to expand...
st john said:
Where is Nick?
Click to expand...
Gone for a briefing?
 
Reactions: st john

Grendel

Well-Known Member
  • Apr 21, 2017
  • #2,926
SkyBlueRuffian said:
Which proves WASPS are willing to deal with professional people and not big children like SISU.
Click to expand...

No it doesn't.
 

Grendel

Well-Known Member
  • Apr 21, 2017
  • #2,927
covcity4life said:
Italia doesnt need to reveal sources if it means no more new info

We now know we can trust him. Thats enough?
Click to expand...

Lol how naive you are.

Hoffman is furious the bid was leaked isn't he? So who is Italia working for?
 
Last edited: Apr 21, 2017
G

Godiva

Well-Known Member
  • Apr 21, 2017
  • #2,928
oldskyblue58 said:
How the bid is structured makes me uneasy about future funding at first look. The club will need to be cash flow positive to pay the add ons. Giving Sisu 50% of player sales restricts squad cash flow makes it hard to get to the SCMP budget and potentially gives a tax bill. The way round it would seem to be bringing in debt.... I wouldn't want to end up back where we started and growing debt
Click to expand...

Alternatively the investors commit to inject cash into the club to offset the payments to SISU.
 
R

rybccfc

Well-Known Member
  • Apr 21, 2017
  • #2,929
covcity4life said:
I get that. Wife dont understand this at all when i am on here. We are watching tv and i have not followed any storyline. Women are weird this is why i love men.

And why i love you..
Click to expand...
Thats beautiful!
 
Reactions: wingy, Earlsdon_Skyblue1 and covcity4life

Liquid Gold

Well-Known Member
  • Apr 21, 2017
  • #2,930
Alright I'm 3/4 cut now and not been paying attention. What's happened?
 

oldskyblue58

CCFC Finance Director
  • Apr 21, 2017
  • #2,931
Godiva said:
Alternatively the investors commit to inject cash into the club to offset the payments to SISU.
Click to expand...

So creating debt burden on the club
 
T

theferret

Well-Known Member
  • Apr 21, 2017
  • #2,932
chiefdave said:
He's already promising a big chunk of future income to SISU.
Click to expand...

Well of course, but that was always likely in the absence of a Russian oligarch willing to waste millions on a vanity project.

Indebted companies are often taken on for nominal amounts, but those debts are passed on. If the club owed HMRC and other creditors a load of cash, they would have to service that debt from future income. The idea of a clean break and all debts written off is lovely, but just isn't going to happen. This is the reality; we either accept that in order for the club to change hands we'll have a liability to SISU for a few years, or we continue to wait for a sugar daddy to wipe it all out in one go - which may well never happen. I'll take the former.
 
E

Earlsdon-Loyal-Blue

Well-Known Member
  • Apr 21, 2017
  • #2,933
Earlsdon_Skyblue1 said:
While we are talking about alarms.

Russell Slade is probably the best manager we've ever had.

Tony Mowbray is almost certainly the worst manager we've ever had.
Click to expand...

Yeah that great a manager that even wanky sisu have come out today and said he's one of the mistakes that's relegated us!!!!

Your alarm must need some new batteries in it after the last few days - Slade Sympathiser!
 
M

Monners

Well-Known Member
  • Apr 21, 2017
  • #2,934
Liquid Gold said:
Alright I'm 3/4 cut now and not been paying attention. What's happened?
Click to expand...
Nick's laptop has broken
 

covcity4life

Well-Known Member
  • Apr 21, 2017
  • #2,935
Lets get him!!!! I have my.pitchfork ready
 

Captain Dart

Well-Known Member
  • Apr 21, 2017
  • #2,936
oldskyblue58 said:
So creating debt burden on the club
Click to expand...
Assuming the premiership deal doesn't come off it amounts to a price of about £5M all in doesn't it. Isn't it better to pay that way than all up front?
 

covcity4life

Well-Known Member
  • Apr 21, 2017
  • #2,937
Grendel said:
Lol how naive you are.

Hoffman is furious the bid was leaked isn't he? So who is Italia working for?
Click to expand...

Do you think les reid and gilbert got their info from italia? Sisu are speaking to reid and hoffman to cet

Had this thread never existed all this stuff still sould have come out i bet

And even if true we all want inside info regardless? Thats why we listen to rumours all the time?
 
S

SkyblueBazza

Well-Known Member
  • Apr 21, 2017
  • #2,938
chickentikkamasala said:
Why do they need proof of funds?

they have repeatedly stated the club is NOT for sale
Click to expand...
They want to know who has money so they can attempt to wrest it from them...to invest into the club through them instead.

I don't understand all the workings tbh, but for as transparent as SISU are, I cant fathom why the said investors don't just pay the offer sum into a bank account for GH to stick under their noses - can't get better proof of funds than that! A named Lawyer to sign off the transfer of the funds can surely be nominated so nobody else can take anything from the account. If it succeeds the lawyer signs, if it fails...then he signs the amounts back to the individual investors. After taking his own slice I imagine lol

Sent from my SM-G900F using Tapatalk
 
G

Godiva

Well-Known Member
  • Apr 21, 2017
  • #2,939
oldskyblue58 said:
So creating debt burden on the club
Click to expand...

Well, that was not what I meant. The money from the investors should be in form of equity. A more straight forward method would be for the investors to pay SISU directly the amount equal to 50% of asset sales and other add-ons. This way it wouldn't burden the club and also it would be in the clubs best interest to get the most from any player sales.
 
Reactions: wingy

Liquid Gold

Well-Known Member
  • Apr 21, 2017
  • #2,940
Sisu, take the money
Wasps, fuck off home
Council, do your job
Fisher, go fishing
Hoffman, put a decent offer in
Ghost of dublins dog, leave it out
Kieth houchen, nice header
Dot cotton, lay off the acid
Michael Doyle, every midified needs one
Pint, yes please
Joy Seppala, secret fantasy
Goldfish, weird breeding habits
Sky blue kid, don't hurt me
George Thomas, nice goal
Milli vanilli, why are you here
Jimmy hill, I love you
 
Reactions: Covstar, You'll Never Beat McPake, Skyblueweeman and 5 others
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