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SISU ready to sell? (7 Viewers)

  • Thread starter Bidda
  • Start date Aug 2, 2022
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Briles

Well-Known Member
  • Aug 2, 2022
  • #246
Hobo said:
My source says there is a consortium of Nigerian businessmen interested. Joy just needs to send them a cheque for £100,000 to verify SISU's bank details - then they will transfer £130 million into it as a downpayment.
Click to expand...

You joke but I guarantee there is a Nigerian businessman somewhere just sat in a swimming pool of gold like scrooge mcduck saying "I can't even give it away ffs"
 
Reactions: duffer, Sky_Blue_Dreamer, Moff and 2 others

Briles

Well-Known Member
  • Aug 2, 2022
  • #247
Joy turning up to the shareholders meeting....

 
Reactions: ccfcchris and PUSB-We_are_going_up
S

steve cooper

Well-Known Member
  • Aug 2, 2022
  • #248
Hobo said:
My source says there is a consortium of Nigerian businessmen interested. Joy just needs to send them a cheque for £100,000 to verify SISU's bank details - then they will transfer £130 million into it as a downpayment.
Click to expand...
Wow, sounds great. Exciting times.
 
T

The CableGuy

Well-Known Member
  • Aug 2, 2022
  • #249
For pounds for points, we must be one of the best teams in the league. We had one of the smallest budgets in the Championship after promotion and finished a very respectable 16th place. That was followed by 12th place after spending around half the season in the play-off places.

The manager, players and fan-base are all there, almost so with the players. A bit of investment last January and we could've been where Forest are now. There are much worse clubs to buy for potential investors compared to us.
 
Reactions: Brighton Sky Blue, Londonccfcfan and Blind-Faith

TomS91

Well-Known Member
  • Aug 2, 2022
  • #250
Nobody in their right mind is buying a championship or even lower prem football club to make money. Much easier ways of making money out of £60m or whatever it would take to buy.
 
Reactions: BananaFlats, Batu1969 and Greggs

Briles

Well-Known Member
  • Aug 2, 2022
  • #251
TomS91 said:
Nobody in their right mind is buying a championship or even lower prem football club to make money. Much easier ways of making money out of £60m or whatever it would take to buy.
Click to expand...

"In their right mind" isn't a benchmark the EFL tend to use when doing due dilligence
 
Reactions: duffer, Batu1969, Sky_Blue_Dreamer and 6 others

clint van damme

Well-Known Member
  • Aug 2, 2022
  • #252
Briles said:
Mags are a lot like sunderland. Demand everything all the time. I'd hate to own either of them. Newcastle got who they want now but I bet it won't end as they think it will. Ashley would be fine.
Click to expand...

I don't want Ashley anywhere near our club.
 
Reactions: Jay Cee, duffer, MAFF and 2 others

SBAndy

Well-Known Member
  • Aug 2, 2022
  • #253
clint van damme said:
I don't want Ashley anywhere near our club.
Click to expand...

Why, out of curiosity?
 
Reactions: Briles and PUSB-We_are_going_up

RegTheDonk

Well-Known Member
  • Aug 2, 2022
  • #254
coop said:
Wasps looking at moving to the Alexandra Stadium after the commonwealth games apparently.
Click to expand...
Lol c*nts going to try and get Brummies on board now as Cov public have wised up to them? Cue free tickets and bribes to the Birmingham Mail
 
Reactions: Terry_dactyl, Earlsdon_Skyblue1 and SkyBlueSam01

slowpoke

Well-Known Member
  • Aug 2, 2022
  • #255
clint van damme said:
I don't want Ashley anywhere near our club.
Click to expand...
Why ?
 
Reactions: no_loyalty and PUSB-We_are_going_up

PUSB-We_are_going_up

Well-Known Member
  • Aug 2, 2022
  • #256
clint van damme said:
I don't want Ashley anywhere near our club.
Click to expand...
Why not, we would be fully financially secure under him, he knows how to take clubs up to the premier league and keep them there, the only negatives are the sports direct stickers around
 

clint van damme

Well-Known Member
  • Aug 2, 2022
  • #257
SBAndy said:
Why, out of curiosity?
Click to expand...

I don't agree with Briles assessment of his time at Newcastle, I think he was a poor owner and also ended up in court with rangers over merchandising deals.

He's out purely for what he can make, which is fair enough, but he doesn't care one jot about the clubs he's been involved with and I don't want him here.
 
Reactions: Jay Cee, Moff, Tommo1993 and 3 others

clint van damme

Well-Known Member
  • Aug 2, 2022
  • #258
PUSB-We_are_going_up said:
Why not, we would be fully financially secure under him, he knows how to take clubs up to the premier league and keep them there, the only negatives are the sports direct stickers around
Click to expand...

He was at the helm of a huge club that gets 50k a week.
Merely keeping them up isn't an achievement and he didn't even manage that
 
Reactions: vow and Jamesimus
K

Kilclines curly mullet

Well-Known Member
  • Aug 2, 2022
  • #259
clint van damme said:
He was at the helm of a huge club that gets 50k a week.
Merely keeping them up isn't an achievement and he didn't even manage that
Click to expand...
You could argue that his careful management has contributed to the position Newcastle now find themselves in.
 

slowpoke

Well-Known Member
  • Aug 2, 2022
  • #260
But has put them into the hands of possibly the richest people in football, what that achieves might be a different story time will tell.Of course he has made money out of it that’s his business making money. I’m not saying I want Ashley or not open minded about it but he has run clubs before so knows what it takes to do so.
 
Reactions: PUSB-We_are_going_up

clint van damme

Well-Known Member
  • Aug 2, 2022
  • #261
Kilclines curly mullet said:
You could argue that his careful management has contributed to the position Newcastle now find themselves in.
Click to expand...

You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.
 
Reactions: vow and Briles

Briles

Well-Known Member
  • Aug 2, 2022
  • #262
clint van damme said:
I don't agree with Briles assessment of his time at Newcastle, I think he was a poor owner and also ended up in court with rangers over merchandising deals.

He's out purely for what he can make, which is fair enough, but he doesn't care one jot about the clubs he's been involved with and I don't want him here.
Click to expand...

Tbf he can only make money from a club from it being successful. In Newcastles case he signed a shite manager granted, but he bankrolled him enough. Billonaires don't buy from Billionaires (Chelsea excluded). Billionaires buy from multi millionaires when they see an opportunity. Cov would look like curry to a pissehead for someone like him and it would be a symbiotic relationship. Unlike the one we have now.
 

slowpoke

Well-Known Member
  • Aug 2, 2022
  • #263
clint van damme said:
You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.
Click to expand...
Do sisu invest in us then ? We all know that answer.
 
Reactions: PUSB-We_are_going_up

PUSB-We_are_going_up

Well-Known Member
  • Aug 2, 2022
  • #264
clint van damme said:
You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.
Click to expand...
Still it would be more investment than we have now
 

Perryccfc

Well-Known Member
  • Aug 2, 2022
  • #265
clint van damme said:
You could, but Newcastle is a huge club, the Saudis wouldn't look twice at us so we'd be stuck with Ashley and in my opinion, litte to no investment.
Click to expand...

This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?
 
Reactions: Gynnsthetonic and PUSB-We_are_going_up
S

skyblu3sk

Well-Known Member
  • Aug 2, 2022
  • #266
steve cooper said:
I wonder if Wasps have asked coventry BS for help with re-financing, they just made 158M profit in the last half year.
Click to expand...
Categorically not. Not the business MO of CBS
 

Torquay Sky Blue

Well-Known Member
  • Aug 2, 2022
  • #267
Briles said:
Tbf he can only make money from a club from it being successful. In Newcastles case he signed a shite manager granted, but he bankrolled him enough. Billonaires don't buy from Billionaires (Chelsea excluded). Billionaires buy from multi millionaires when they see an opportunity. Cov would look like curry to a pissehead for someone like him and it would be a symbiotic relationship. Unlike the one we have now.
Click to expand...
A curry to pisshead. A symbiotic relationship. Very good
 
Reactions: Briles

Grendel

Well-Known Member
  • Aug 2, 2022
  • #268
Perryccfc said:
This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?
Click to expand...

He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really
 
Reactions: Jay Cee, mmttww, vow and 6 others

Jamesimus

Well-Known Member
  • Aug 2, 2022
  • #269
Perryccfc said:
This is such a strange outlook. He has sold Newcastle and made a lot of money from it because of the position he left them in. He would of course want to do that again and would be under no illusion it would take investment to get us to that position. Surely investment from where we are now would be almost guaranteed under him?
Click to expand...

The position he left them in?!

Grendel said:
He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really
Click to expand...

Also, this /\
 

Evo1883

Well-Known Member
  • Aug 2, 2022
  • #270
Paid 134 million for Newcastle

Sold for over 300 million
 

slowpoke

Well-Known Member
  • Aug 2, 2022
  • #271
Grendel said:
He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really
Click to expand...
Rich wanker though.
 
Reactions: Briles and SlowerThanPlatt

Evo1883

Well-Known Member
  • Aug 2, 2022
  • #272
 
Reactions: Perryccfc, PUSB-We_are_going_up, Jamesimus and 1 other person

SBAndy

Well-Known Member
  • Aug 2, 2022
  • #273
Grendel said:
He never invested anything. He took money out - he used the club to promote his tacky branding he let the heritage and identity go - I mean this is a guy who makes billions through exploitation - he’s just a wanker really
Click to expand...

Talk me through your workings on him never investing anything. From what I can see, his ‘director’s loan’ peaked at £144m interest-free. Took them from a negative net worth of >£50m to profit-making with a reasonable net worth. I don’t really dispute the fact his business practices leave a lot to be desired but considering some of the rogues out there I don’t think he’s half bad as a prospective owner.
 

ccfcchris

Well-Known Member
  • Aug 2, 2022
  • #274
The CableGuy said:
For pounds for points, we must be one of the best teams in the league. We had one of the smallest budgets in the Championship after promotion and finished a very respectable 16th place. That was followed by 12th place after spending around half the season in the play-off places.

The manager, players and fan-base are all there, almost so with the players. A bit of investment last January and we could've been where Forest are now. There are much worse clubs to buy for potential investors compared to us.
Click to expand...
Whilst I agree, you need a long conversation with grendel so he can give you a massive kick in the bollocks to remind you we're fucked no matter what we try to do
 
Reactions: Finham, Deleted member 9744 and Jamesimus

Grendel

Well-Known Member
  • Aug 2, 2022
  • #275
Evo1883 said:
View attachment 25618
Click to expand...

How much income did he get from Sky I don’t see relevance there in truth
 
Reactions: Skyblueweeman

Colin Steins Smile

Well-Known Member
  • Aug 2, 2022
  • #276
Ref. Mike Ashley. Given that he's made a significant profit from the sale of Newcastle. He has the rest of the financial year to decide if he's "cashing out" on that profit and paying the tax OR reinvesting the money into another club and thus "kicking the can down the road" in tax terms.
* This assumes that my rudimentary knowledge of company tax law is correct? I stand to be corrected.
 

RegTheDonk

Well-Known Member
  • Aug 2, 2022
  • #277
ccfcchris said:
While this is fantastic news if it plays out the way we all hope a little part of me worries is this PR to keep the bad publicity on Wasps.
Click to expand...
Perhaps this brings to the fore that WASPS can hardly get a gov bail out if there are interested parties who would step in for the stadium lease. CCCC can hardly say without the grant nobody will take on the stadium.
 

Evo1883

Well-Known Member
  • Aug 2, 2022
  • #278
Grendel said:
How much income did he get from Sky I don’t see relevance there in truth
Click to expand...
when you consider newcastle had a wage bill of over 110 million in the championship , and they receive around 100 million from sky in the Premier league each year .. the very fact you mentioned sky is actually pretty irrelevant to the discussion

Wouldn't you agree
 

Grendel

Well-Known Member
  • Aug 2, 2022
  • #279
Evo1883 said:
when you consider newcastle had a wage bill of over 110 million in the championship , and they receive around 100 million from sky in the Premier league each year .. the very fact you mentioned sky is actually pretty irrelevant to the discussion

Wouldn't you agree
Click to expand...

Not really no Ashley like Sisu in its early years was purely interested in selling at a profit as he would here. He wants always To make money and has zero interest in the football club

The fact he made money in the end by selling to a blood soaked regime mired in corruption says it all
 

Evo1883

Well-Known Member
  • Aug 2, 2022
  • #280


How grendel argues
 
Reactions: PVA, Skyblueweeman, SkyBlueCharlie9 and 4 others
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