Sale of Club Rumour

[FoxForceFive]

[quote author=Sunny link=topic=40777.msg1129418#msg1129418 date=1277998899]
[quote author=SaintGeorge67 link=topic=40777.msg1129405#msg1129405 date=1277998414]
What will SOS focus on once the sale is complete?
[/quote]

Being a pain in the arse. Demanding a seat on the board amongst other shite.
[/quote]

I fucking guarantee they give the new owners a fans charter is some such bollocks abou the way our custodians should behave, & demand they allow the fans to buy a share.

 

[The Slugmonster]

[quote author=Stulikesdrums link=topic=40777.msg1129440#msg1129440 date=1278000068]
I have a question about all this, hopefully one of you boys can enlighten me.

He says they will open up the floor for bids but then he says the club will not necessarily be sold to the highest bidder and that we will pick the best person. Considering it is the Yanks we are talking about and some bankers, surely there is no fucking chance the club will go to the 'best person' if that person doesn't outbid everyone else? Serious question lads.
[/quote]

Im giving broughton and purslow the benefit of the doubt until the deal is done. I hope he means that once all contenders have passed the balancing of the books, making an offer the banks deem suitable and building the stadium tests (all official statements made by broughton have said that it will be the banks and not the yanks who deem what will be an acceptable offer) then it will be the one who has the best going forward plan who will win! Although if some sugar daddy with a gazzilion pounds comes in I dont know how they could turn it down!

 

[iseered]

"There are a number of interested parties but there's no specific deadline on it. We are looking to the middle of July-ish for the first round of bids but that's not a final stage - that's a first entry through.

Blah blah blah. Of course there will be "interested parties". Id be fucking interested. This is just empty waffle.

"We're hopeful - and I wouldn't put it any stronger than that - that a deal can be done by the end of the transfer season. That was always from the outset a hope rather than necessarily an expectation, because these things can take time.

Reading that makes me feel there is a good chance the americans will still be around this time next year.

"The owners can't block the sale of the club. I read all too frequently numbers being floated about in the media, normally associated with Tom Hicks's name. I would like to make it clear there is no number. There is no base line.

Only positive I can find. It is a big positive though.

 

[Judge Jules]

[quote author=The Slugmonster link=topic=40777.msg1129461#msg1129461 date=1278001602]
[quote author=Stulikesdrums link=topic=40777.msg1129440#msg1129440 date=1278000068]
I have a question about all this, hopefully one of you boys can enlighten me.

He says they will open up the floor for bids but then he says the club will not necessarily be sold to the highest bidder and that we will pick the best person. Considering it is the Yanks we are talking about and some bankers, surely there is no fucking chance the club will go to the 'best person' if that person doesn't outbid everyone else? Serious question lads.
[/quote]

Im giving broughton and purslow the benefit of the doubt until the deal is done. I hope he means that once all contenders have passed the balancing of the books, making an offer the banks deem suitable and building the stadium tests (all official statements made by broughton have said that it will be the banks and not the yanks who deem what will be an acceptable offer) then it will be the one who has the best going forward plan who will win! Although if some sugar daddy with a gazzilion pounds comes in I dont know how they could turn it down!
[/quote]

I wonder how much of this Broughton's said with one eye on the fiasco of Moores' sale to H and G in the first place. If Broughton, Purslow and whoever else involved in selling the club think the highest bid is just so much p!$$ in the wind and some or all of the money is not likely to materialise, but the next highest bid is from someone or some organisation who's rock solid, they could quite conceivably go for the latter. Such people/organisations are also more likely to have solid plans in place for the club's future.

 

[Skullflower]

my spidey sense was tingling in a good way when he addressed the subject at the press conference.

 

[SaRed]

[quote author=Judge Jules link=topic=40777.msg1129481#msg1129481 date=1278002753]
[quote author=The Slugmonster link=topic=40777.msg1129461#msg1129461 date=1278001602]
[quote author=Stulikesdrums link=topic=40777.msg1129440#msg1129440 date=1278000068]
I have a question about all this, hopefully one of you boys can enlighten me.

He says they will open up the floor for bids but then he says the club will not necessarily be sold to the highest bidder and that we will pick the best person. Considering it is the Yanks we are talking about and some bankers, surely there is no fucking chance the club will go to the 'best person' if that person doesn't outbid everyone else? Serious question lads.
[/quote]

Im giving broughton and purslow the benefit of the doubt until the deal is done. I hope he means that once all contenders have passed the balancing of the books, making an offer the banks deem suitable and building the stadium tests (all official statements made by broughton have said that it will be the banks and not the yanks who deem what will be an acceptable offer) then it will be the one who has the best going forward plan who will win! Although if some sugar daddy with a gazzilion pounds comes in I dont know how they could turn it down!
[/quote]

I wonder how much of this Broughton's said with one eye on the fiasco of Moores' sale to H and G in the first place. If Broughton, Purslow and whoever else involved in selling the club think the highest bid is just so much p!$$ in the wind and some or all of the money is not likely to materialise, but the next highest bid is from someone or some organisation who's rock solid, they could quite conceivably go for the latter. Such people/organisations are also more likely to have solid plans in place for the club's future.

[/quote]

Why would they?

There's nothing in it for them long term. Once the club is sold, Broughton is off and the banks will have their money.
What do they care if the 2nd or 3rd hightest bidder is more 'rock solid' than the top bidder?

Also, I can't believe that the Americans can't block the sale. If it was just up to the banks and Broughton, then surely the best offer is to pay off the debt (£380mil?)and a promise to finance the new stadium through Barclays?

 

[Farkmaster]

Here's the thing I don't get about the criticism of Broughton.

In the position he's in, when dealing with the press, he should be misrepresenting things so as to paint the most rosy picture. Of course it's not accurate. It's a billion times better than when the mouthpiece of negotiations was H&G, bickering with one another, making absurd claims.

 

[Judge Jules]

[quote author=SaRed link=topic=40777.msg1129816#msg1129816 date=1278052054]
[quote author=Judge Jules link=topic=40777.msg1129481#msg1129481 date=1278002753]
[quote author=The Slugmonster link=topic=40777.msg1129461#msg1129461 date=1278001602]
[quote author=Stulikesdrums link=topic=40777.msg1129440#msg1129440 date=1278000068]
I have a question about all this, hopefully one of you boys can enlighten me.

He says they will open up the floor for bids but then he says the club will not necessarily be sold to the highest bidder and that we will pick the best person. Considering it is the Yanks we are talking about and some bankers, surely there is no fucking chance the club will go to the 'best person' if that person doesn't outbid everyone else? Serious question lads.
[/quote]

Im giving broughton and purslow the benefit of the doubt until the deal is done. I hope he means that once all contenders have passed the balancing of the books, making an offer the banks deem suitable and building the stadium tests (all official statements made by broughton have said that it will be the banks and not the yanks who deem what will be an acceptable offer) then it will be the one who has the best going forward plan who will win! Although if some sugar daddy with a gazzilion pounds comes in I dont know how they could turn it down!
[/quote]

I wonder how much of this Broughton's said with one eye on the fiasco of Moores' sale to H and G in the first place. If Broughton, Purslow and whoever else involved in selling the club think the highest bid is just so much p!$$ in the wind and some or all of the money is not likely to materialise, but the next highest bid is from someone or some organisation who's rock solid, they could quite conceivably go for the latter. Such people/organisations are also more likely to have solid plans in place for the club's future.

[/quote]

Why would they?

There's nothing in it for them long term. Once the club is sold, Broughton is off and the banks will have their money.
What do they care if the 2nd or 3rd hightest bidder is more 'rock solid' than the top bidder?

Also, I can't believe that the Americans can't block the sale. If it was just up to the banks and Broughton, then surely the best offer is to pay off the debt (£380mil?)and a promise to finance the new stadium through Barclays?

[/quote]

I already answered your opening question in my post above. Check out the bit I've highlighted this time around.

Broughton's not going to come straight out and say H and G can't block the sale if it's untrue. If he were caught out in that kind of barefaced lie, his reputation would go up the spout and he could well be barred from practising as a company director in the future too.

 

[The Slugmonster]

[quote author=Judge Jules link=topic=40777.msg1130038#msg1130038 date=1278076088]
[quote author=SaRed link=topic=40777.msg1129816#msg1129816 date=1278052054]
[quote author=Judge Jules link=topic=40777.msg1129481#msg1129481 date=1278002753]
[quote author=The Slugmonster link=topic=40777.msg1129461#msg1129461 date=1278001602]
[quote author=Stulikesdrums link=topic=40777.msg1129440#msg1129440 date=1278000068]
I have a question about all this, hopefully one of you boys can enlighten me.

He says they will open up the floor for bids but then he says the club will not necessarily be sold to the highest bidder and that we will pick the best person. Considering it is the Yanks we are talking about and some bankers, surely there is no fucking chance the club will go to the 'best person' if that person doesn't outbid everyone else? Serious question lads.
[/quote]

Im giving broughton and purslow the benefit of the doubt until the deal is done. I hope he means that once all contenders have passed the balancing of the books, making an offer the banks deem suitable and building the stadium tests (all official statements made by broughton have said that it will be the banks and not the yanks who deem what will be an acceptable offer) then it will be the one who has the best going forward plan who will win! Although if some sugar daddy with a gazzilion pounds comes in I dont know how they could turn it down!
[/quote]

I wonder how much of this Broughton's said with one eye on the fiasco of Moores' sale to H and G in the first place. If Broughton, Purslow and whoever else involved in selling the club think the highest bid is just so much p!$$ in the wind and some or all of the money is not likely to materialise, but the next highest bid is from someone or some organisation who's rock solid, they could quite conceivably go for the latter. Such people/organisations are also more likely to have solid plans in place for the club's future.

[/quote]

Why would they?

There's nothing in it for them long term. Once the club is sold, Broughton is off and the banks will have their money.
What do they care if the 2nd or 3rd hightest bidder is more 'rock solid' than the top bidder?

Also, I can't believe that the Americans can't block the sale. If it was just up to the banks and Broughton, then surely the best offer is to pay off the debt (£380mil?)and a promise to finance the new stadium through Barclays?

[/quote]

I already answered your opening question in my post above. Check out the bit I've highlighted this time around.

Broughton's not going to come straight out and say H and G can't block the sale if it's untrue. If he were caught out in that kind of barefaced lie, his reputation would go up the spout and he could well be barred from practising as a company director in the future too.
[/quote]

Exactly Jules, Some people don't actually get that he has a big reputation and that he is well respected in the business world (just check his resume). The way some fans put it across you'd think he was put on this planet solely to destroy this club! Id like some of the fans that knock him so often to try and step into his shoes......i bet the club would be on its knees in weeks. Its easy to judge when they're been spoon fed second hand gossip by organisations who are just glorified armchair fans wanting to be more than they actually are!

 

[MomoWASright]

So we have got half way through the July 15th day of reckoning, so have we been sold or not??????????????????

 

[manwithnoname]

[quote author=momoWASboss link=topic=40777.msg1136265#msg1136265 date=1279194730]
So we have got half way through the July 15th day of reckoning, so have we been sold or not??????????????????
[/quote]

Where did this date come from in the first place?

 

[MomoWASright]

Probably bluenose taxi drivers

 

[Hansern]

I've heard 15th, 19th July and 2nd of august. Take your pick.

I think however that the rumour about the 15th, comes from Broughtons comments about interested parties placing their bids mid july..

Hopefully there will be some news soon. Someone with connections to Barcap over on YNWA said that there are 4 interested parties ready to place bids.

From Broughtons comments we're going to be sold on auction. Will be interesting..

 

[The Slugmonster]

[quote author=Hansern link=topic=40777.msg1136287#msg1136287 date=1279197304]
I've heard 15th, 19th July and 2nd of august. Take your pick.

I think however that the rumour about the 15th, comes from Broughtons comments about interested parties placing their bids mid july..

Hopefully there will be some news soon. Someone with connections to Barcap over on YNWA said that there are 4 interested parties ready to place bids.

From Broughtons comments we're going to be sold on auction. Will be interesting..
[/quote]

I was hoping it was going to be on cash in the attic this morning but no dice!

 

[Hansern]

Heh, that would be ace acutally

 

[Judge Jules]

I don't mind the occasional antiques programme but that one makes my skin crawl, especially when presented by that insincere plastic cow Lorne Spicer with her absurd SINGsong VOICE.