Lots on here claim to have inside knowledge so what's the story ? Looks like a pile of nothing to me.
I can imagine a Director level restructure, a bit of fresh funding and all of this taking a couple of months with pretty much silence in between !
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and when i say clear I mean our pure speculation seems to make sense from a complete outsiders point of view
Sad state of affairs that Southampton, Notts County and Katie Price have more to offer than we do.
Oh dear oh dear oh dear!
This is a football club not a bloody a mobile phone contract
LOL
At least he's being honest about where his source comes from - 90% of people say they've heard something but can't say who from, and guess what, all those people have been wrong so far.
In my heart of hearts I don't think anything's going to happen now. We need to stop looking for a miracle and just get on with the hard work of rebuilding our club.
Yep..........
Hows your mighty "Hammers" doing mate ?
;-)
Soton and Notts don't have this issue and it's why "friendly" debt is an easy way to get cash in, but long term it can be very problematic. I've never been involved in negotiating anything quite like this, but I've done a few deals with a cash value that is greatly in excess of the CAFC and, without fail, they drag and drag and always take longer than everybody estimates. My hunch is that it's either done and in due diligence or it's at a stalemate where the buyers aren't prepared to pay what's being asked unless the directors write off more of their debt. If it is the latter, sooner or later somebody will have to back down. Personally I'd guess that the buyers have the whip hand as the directors are continuing to put more cash in to keep the thing afloat, so if the deal dies they're likely to lose even more as they try and prop the club up while they find another buyer. Also, with the current team we can all see things getting worse so (I'm just guessing here again) so the directors will see the overall value of the club go down at the same time. It's a lose-lose for them to hang on, but as any poker player will know from grim experience, the hardest thing to do is to cut your losses even when things are looking bleak. Murray and the gang are holding pocket 3s and have made a daring raises: then an A K Q gets flopped. Rationally, you walk, but part of you always thinks the other guys are bluffing or that something will pop up for you on the turn and it's hard to abandon an investment
Sorry, this has gone off on a tangent.
There is never smoke without fire, I think something is going on.
BUT
If you are buying a business (thats what cafc is to the buyer), you want to do so under the most advantagous conditions as you can. What we have is a deal in due dilligence or brinksmanship pure and simple. As Mclovin has said above, the upper hand is VERY firmly with the buyer and certainly not the owner of the failing business.
Id be pretty sure that the buyers are pushing for more and more debt to be written off knowing that realistically, the owners arent going to find a new buyer before the start of the season and will be saddled with propping up the club for another season. Given the period required for due dilligence we are in the dead zone where a decision has to be made now either way by the owners.
This is a really sh!t position for the club to be in.
Buyout or no buyout the best way for the club to turn things around is on the pitch. Better results and decent football will bring people through the gates etc etc etc.
That said I hope we get good news today.
A very poor and unproffesional strategy in my opinion that smacks of desperation on every level.If the buyers want to get us at a cut price we are playing right into their hands.
So what you say is based on a hunch. Fair enough.
It could be the done and in due diligence or it's a stalemate. Fair enough
yes, very cogent : - (