Saints in takeover talks with Chinese group

  • Please bear with us on the new site integration and fixing any known bugs over the coming days. If you can not log in please try resetting your password and check your spam box. If you have tried these steps and are still struggling email [email protected] with your username/registered email address
  • Log in now to remove adverts - no adverts at all to registered members!
Archers Road said:
There are some bloody awful owners out there. We are fortunate to have a good one. So it's hardly mad to hope things might stay as they are.

Every time I read something about Coventry, I shiver.
Click to expand...

Also some good owners out there, no need to panic etc until we know who is buying us. Agree about Coventry though.
 
  • Like
Reactions: Archers Road
Archers Road said:
There are some bloody awful owners out there. We are fortunate to have a good one. So it's hardly mad to hope things might stay as they are.

Every time I read something about Coventry, I shiver.
Click to expand...

They don't talk about sending people to Coventry for no reason, you know.

I've always liked their fans. They were big rivals of ours for promotion from the old Div 2 in the 60's and the buggers just squeezed past us the season before we finally made it. Met up with a bunch of their fans when criss-crossing the country recently. The phrase "lucky escape" is commonly used in discussions. They so envy our situation, and who can blame them? Thinking that all owners are going to be good for the club is madness, as you acknowledge.

However, I can't see the need for panic. I can meltdown with the best of them, but I'm quite calm about this.:emoticon-0141-whew:
 
  • Like
Reactions: Archers Road
Good...they seemed a rather flaky outfit.

Regarding the rival bid, that came out at the beginning of last month:

http://uk.reuters.com/article/uk-soccer-england-sou-china-idUKKBN1691Z4

Amer International is a massive, vertically-integrated mining company/producer of bits that involve copper. They're a private company, rather than a state-owned corp. CITIC is the biggest corporate entity in China, is state-directed, and CITIC Securities is the investment bank under that umbrella.

Involving CITIC would probably make it far easier to get approval from the Chinese government than if it was a sole venture.
 
- Doing The Lambert Walk said:
They were the guys with more of a reputation and some serious money behind them, from what I remember. Name flashed up a couple of months ago.

CITIC, that is ^
Click to expand...

Hmm, so probably we should wish Lander Sports to have a nice day, but don't come back, because there are bigger fish in the lake to land. [Jeez, that was so bad, but I'm going to keep it].
 
  • Like
Reactions: Dark Lord SFC and - Doing The Lambert Walk
The underlying impression is that China is going to stop acquisition of overseas football teams by its companies - this news could be deeply troubling in the long run for us as we need a new source of investment and whilst its easy to speculate; the options become more limited.
 
Romsey_Saint said:
The underlying impression is that China is going to stop acquisition of overseas football teams by its companies - this news could be deeply troubling in the long run for us as we need a new source of investment and whilst its easy to speculate; the options become more limited.
Click to expand...

China's primary interest right now is in keeping their companies from leveraged purchases, because they have a major corporate debt problem and have been trying to wean companies off the belief that the government will help them meet their obligations. This is less likely to impact purchases that do not take on substantial debt, though there is the concern that sports teams would generate such.
 
You must log in or register to reply here.
Top Bottom
Back