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This is nonsense.Because no one else is interested
This is nonsense.
If the club becomes available, many would be interested.
Maybe, there are funds available from the investors but Hoffman et al are being cautious about stating this as SISU will expect some of it up front.Hoffman's bid tbf is a bit of a joke. It's a convoluted miss mash of promises and open ended maybes. It's just not something to take seriously in my opinion.
I guess rather than cash he is looking at a way SISU retain some equity over a period of time but without control of how that equity builds or loses value before being cashed in.
The problem I sense is Hoffman's consortium do not have the financial means to give CCFC anything much better than what we have with SISU. Both will continue to tread water with the difference being the evil ones would all be gone. So you give SISU another 1m when we reach the Championship? How long will that take? What guarantee could there possible be on such an offer? It's all a bit absurd tbh...and this from a banker.
Just listen to what Hoffman is trying to sell? One look at OSB58's summary earlier demonstrates just how complicated the 'club' ownership is.
If I walked into a business for sale and said I'll give you a bit of cash but I'll pay you some more when I get control and earn off the business...effectively paying them with their own money? All I see is court case after court case from SISU claiming "where's my money". Seriously?
Yes you can get some cocker mania offer on the table and hope they will take it in desperation but this isn't it.
I'm sure Gazza and Elliott want to be heroes and save our club but like the back of a fag packet before, he just seems to be making waves. Perhaps it's all for publicity to attract other investors?
Perhaps with his background and contacts within banking he could sell a similar 'plan' to the bankers he has high profile with, and raise capital to say to SISU..."OK her's 10m all up front, now fcuk off" That might work.
And the offer as it stands is for nothing really, isn't it?Don't see that NS, we are at almost rock bottom why would anyone but idiots like us with Sky Blue Goggles wish to take this club on.
Anyone who puts money into our club is throwing it down an endless pit.
So if that's all SISU would accept, why would you poke the bear with an offer you know they wouldn't, that would make them dig their heels in, and make them less likely to accept *all* offers going forward?
If, however, a deal *could* be done, why does it have to be an oligarch or Arab Prince?
Maybe, there are funds available from the investors but Hoffman et al are being cautious about stating this as SISU will expect some of it up front.
And the offer as it stands is for nothing really, isn't it?
Throws away future income in terms of transfers (shades of Robinson, and the Newmarket scheme there) and a never-never promise of cash in eleventy billion years.
So, given the offer is for nothing, others would be happy to come forward with an offer for nothing... if that is what it would take to buy the club.
Hoffman's bid tbf is a bit of a joke. It's a convoluted miss mash of promises and open ended maybes. It's just not something to take seriously in my opinion.
I guess rather than cash he is looking at a way SISU retain some equity over a period of time but without control of how that equity builds or loses value before being cashed in.
The problem I sense is Hoffman's consortium do not have the financial means to give CCFC anything much better than what we have with SISU. Both will continue to tread water with the difference being the evil ones would all be gone. So you give SISU another 1m when we reach the Championship? How long will that take? What guarantee could there possible be on such an offer? It's all a bit absurd tbh...and this from a banker.
Just listen to what Hoffman is trying to sell? One look at OSB58's summary earlier demonstrates just how complicated the 'club' ownership is.
If I walked into a business for sale and said I'll give you a bit of cash but I'll pay you some more when I get control and earn off the business...effectively paying them with their own money? All I see is court case after court case from SISU claiming "where's my money". Seriously?
Yes you can get some cocker mania offer on the table and hope they will take it in desperation but this isn't it.
I'm sure Gazza and Elliott want to be heroes and save our club but like the back of a fag packet before, he just seems to be making waves. Perhaps it's all for publicity to attract other investors?
Perhaps with his background and contacts within banking he could sell a similar 'plan' to the bankers he has high profile with, and raise capital to say to SISU..."OK her's 10m all up front, now fcuk off" That might work.
No way anyone is giving SISU money like £10M up front.
Three things new ownership with local connections does is ...
a) bring local sponsorship in (it has collapsed under SISU)
b) possibility bring in other investors (no one will work with SISU)
c) a period of stability during which the club can secure its home and training facilities
Hopefully it could unite the fans as well as we seem to be getting more divided and that is helping Sisu keep control
These are top business people led by a guy that the government appointed to get HSBC back on its feet - The offer in these circumstances is generous and well thought out and not really a risk on behalf of the consortium but would be a risk if anyone else possibly tried to copy as this consortium seem to have the in depth knowledge and heart of the fans. The consortium will have no issue with financing this deal going forward as the 20,000 + fans attending the Ricoh for home games that will back the new venture will shower the club with wealth that will enable the club to climb as high as they wish
The plan isn't the issue? The issue is the owners and what they feel they have already invested and the recoup whatever the figure actually is - The return will never be able to be recouped and the latest offer cannot really be increased so possible a stalemate situation and the possible demise of the club as the fans will not continue to attend
I wonder if Hoffman has actually asked Joy what she would accept or he is just fishing? She might not tell him anyway, of course.
Because there is always someone who thinks they can do it better.Don't see that NS, we are at almost rock bottom why would anyone but idiots like us with Sky Blue Goggles wish to take this club on.
Anyone who puts money into our club is throwing it down an endless pit.
But Sisu were still in charge , had we returned under different owners , Imo, things would have been different.We would get 20k+ once maybe twice maximum look at when we returned to the Ricoh.
I would say that is a certainty. They wouldn't want to spend every penny to actually purchase the club.Maybe, there are funds available from the investors but Hoffman et al are being cautious about stating this as SISU will expect some of it up front.
These are top business people led by a guy that the government appointed to get HSBC back on its feet - The offer in these circumstances is generous and well thought out and not really a risk on behalf of the consortium but would be a risk if anyone else possibly tried to copy as this consortium seem to have the in depth knowledge and heart of the fans. The consortium will have no issue with financing this deal going forward as the 20,000 + fans attending the Ricoh for home games that will back the new venture will shower the club with wealth that will enable the club to climb as high as they wish
The plan isn't the issue? The issue is the owners and what they feel they have already invested and the recoup whatever the figure actually is - The return will never be able to be recouped and the latest offer cannot really be increased so possible a stalemate situation and the possible demise of the club as the fans will not continue to attend
Just had a warning of my "Account being restricted because of swearing"...... Deal with some of these other posters that swear on a regular basis too...Including your own Moderators. Ban me if you like.
If they think they can get things moving and will be able to give Joy a total with add-ons of around 10 million... then, as someone has said, they should go to a bank or financier with a business plan -- and 5 million own capital. Then ask for 5 from the bank and give Joy the 10 cash on the table.
If they haven't got the confidence, finance or a plausible business plan, then Joy will tell them to get lost. It's not Joy's job to finance them. Avro are still waiting to see what happens to their money. If they got their investment plus interest back things would look different.
I doubt it's been restricted because of swearing (surprised if it's been restricted at all). Not sure what it's for, let me look into it.
Edit: Not really for swearing (although dropping the c-bomb is bad enough), more for the way it was used to insult someone. There are kids that use this site, you have to use a bit of common sense, and this site is definitely not for insulting people in am aggressive manner that could certainly be perceived as bullying by some. If you would like to be banned, let me know. Can certainly arrange for you if you're desperate to have something to shout, scream & cry about.
So it's not Joys job to finance them but it's their job to bail Joy out?
You do realise that not that long ago Chinese paid £30M for a championship club, with a championship squad, their own stadium, their own training ground, their own cat2 academy, pretty sure they were debt free and in profit also.
Based on that what makes you think that a failing league 2 club with no ground, rents space for their academy, is in debt, is barely breaking even and is basically a shell of a company run by an idiot is worth a third of that?
I think you and Joy for that matter need to go out and look for the yard stick.
This offer (unless GH comes back again) is probably as good as it's going to get for Joy. She's a hedge fund boss. She's used to taking gambles with other peoples. How is this any different? Except she doesn't have to even get involved with managing this.
This is nonsense.
If the club becomes available, many would be interested.
Free pass? Some on here think he would be worse than SISU.
Don't see that NS, we are at almost rock bottom why would anyone but idiots like us with Sky Blue Goggles wish to take this club on.
Anyone who puts money into our club is throwing it down an endless pit.
I wonder if Hoffman has actually asked Joy what she would accept or he is just fishing? She might not tell him anyway, of course.
Maybe, there are funds available from the investors but Hoffman et al are being cautious about stating this as SISU will expect some of it up front.
If I were GH or is group trying to get a deal I would never ask that question.
I don't think anyone was really said that, have they? Some are just curious and rightly questioning a takeover.
You know why? Because the last takeover we all thought would be rosy turned out to be really shit. It's natural for people to question these things, especially when they've already been stung once.
Is this a joke?!Why would a bank give money toward a plan that Hoffman has already suggested will be a complete gamble and could result in 'money down the drain'. It's not a delicatessen or a restaurant!
Why are people falling for this 'proof of funds' nonsense from SISU. It's the usual spin. Look at their statement / open letter for a brief glimpse at how out of touch they are.
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