I agree 100% with this. It's exactly how I feel and I'm sick to death of all this cloak and dagger,smoke and mirrors, apparent contradiction after contradiction ****e.
Why is there a rumour or something? I wouldn't be too sure about it, they're a massive company but I think they're on shaky ground financially and could be in trouble with a bad run/increased competition.
I heard a rumour the were interested in the summer was just wondering if it could be them he was in talks with
What I can't get my head round is he said is selling the club would take 1/2 month ,yet a loan form fpp took months what's all that about.
If he really is in negotiation mode maybe that interview was SD setting his stall.. He's not going to come out and say that FPP have him over a barrel.. I could believe that he was saying to them via the interview that he'll pay them back and already has potential other deals lined up.
We need to move on from FPP mentally imo. It would be a massive lie for him to multiple times very clearly say the things he did about FPP never having made a bid, not wanting to own the club and investing in him and his team if they weren't accurate. It would be ludicrous to say anything negative about people who you're associated with in business, because publicly misleading anyone about their intentions is suicide in his world. As much as people accuse him of lying, I think you can always tell when he's on shaky ground and trying to talk around things. He didn't seem to be hiding anything last night and was very clear about FPP's involvement. Like I said, if he said all that he will have burned the bridges with the biggest financiers he has ever known.
So why would they amend the Articles to enable shares to be issued to FPP only three weeks ago? There was clearly a possibility that FPP would acquire shares at that time. Not by a transfer from the owners following a loan repayment default, but by a fresh issue of shares. It is just crazy.
That needed to be done to enact the forfeiture or option to convert the loan to equity if they wanted to in future. I said yesterday, but just because there was a default that could have triggered them owning it doesn't mean that they were actively pursuing it. The chances of him defaulting were so remote that it was almost negligible.
All that is happening is that SD is trying to find an alternative buyer to FPP to minimise his losses. The FPP offer would mean he has to write off a chunk of change. Obviously, any buyer other than FPP would involve him paying back FPP the ‘loan’. But the odds are that FPP end up as owners before the end of the season. It will just be at the price they want, not the one SD wants. If someone else is stupid enough to pay up and let SD break-even, then obviously SD will take that but I struggle to see why someone would. But FPP can’t force SD to sell anymore than he can force them to raise their offer. Ultimately he has the right to sell to the highest bidder.
Thought Donald said..... We where sustainable in league 2? Why would he sell out to FPP before the end of the season if it means he would lose out?
Well for starters they'd have to make a bid. For him to go on the radio and say they haven't, if they actually did, is so far-fetched and self-defeating to be illogical. I don't see him selling to FPP at all unless they've done a pretty hefty pivot on what they want out of this. Him saying 'they're 3,000 miles away, they don't want to manage this' was the biggest thing he said apart from that they never made a bid. They would have to be confident they could get appointments right in a world they have no idea about, and that's just not how this works. Worth considering that MSD (who are related) didn't just buy the Marlins outright, and actually weren't key decision makers there either. Seems like their modus operandi is to get involved with people who do have a plan, rather than create one themselves.
Why is it illogical? As long as he's not criticising them, surely what he says about it in public is of no relevance. If he and they know the truth, surely that's all that matters. As for the Marlins stuff, that's been my feeling all along. I always wondered if they would, somehow, attract additional investors- perhaps groups/individuals already involved with the Marlins.
We've been saying for a while that SD is out of his depth, I feel like him using what some fanzines posted on Twitter as an excuse to jump ship. FPP may have wanted to take over but I can imagine SD and CM getting them to change their mind, and using the investment as a buoyancy aid in his own campaign. If he truly is halfway through his plan and the club is far better than most clubs, and its starting to come together on the pitch, as it takes time and players (which we will sort out in this window) why not ignore Twitter and wait untill the end of the season. If we don't go up and we utterly flop then say look I failed, you want me gone I will go. Not halfway through a season when your still executing your 'plan' that billionaires 3000 miles away believe in and want to invest in. Something just doesn't add up to me
