FPP to take full control

  • 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!
Kittenmittons said:
I know what the loan is. I just didn't need him telling me I was a fifth column last year when I raised the prospect of them writing off the debt.

Can you see why I would be pissed off about him doing that?
Click to expand...
I think it’s a fifth columnist kitten, not a fifth column, which is the group which a fifth columnist would belong to. I assume you are an individual and not several people, or possessed by multiple demons, and calling yourself legion? Just thought I’d point that out :)
 
  • Like
Reactions: Kittenmittons
Old-fashioned slapstick comedy was mentioned earlier...

Lots of chasing ones own tail, was a recurrent theme...

The articles in the Daily Heil, etc just seem to be rehashing old siht...

Imho Donald has to sell as I doubt he can afford to fund the club, but wants to leave with a fat profit...which atm does not seems likely unless a couple of buyers will try to outbid each other..:emoticon-0114-dull:

It also is looking as if the season is about to end....no more games, so not even a vague chance of promotion. Buyers will therefore be buying a L1 club...with relatively high running running costs!
 
  • Like
Reactions: DH4
Kittenmittons said:
Excellent article this. Some of the details will inevitably be wrong as in any external assessment, but I think he's got the jist of it right. I'd love to know where the FPP money is. It went into the club, but it would be possible to get it out again if it hasn't been spent.

The only thing I can't get my head around is FPP spending $12m on a loan to us, but not going up by just a few million (which in their world is peanuts) to get the full asset, if that's what they wanted to do. That's why I think there's some chicanery at work by all parties in this and a number of businessmen are playing games to try and inflate their own wallets from our misfortune.
Click to expand...
Could it not just be as simple as they had a look at it and didn't fancy it in the end. But they'd come so far that they ended up investing a small amount as an act of good faith or a 'sorry for getting your hopes up'. Everyone jumping at shadows and seeing some cloak and dagger shenanigans behind it all doesn't actually help anything. Until there is actually proof of wrongdoing, everyone should stop the fingerpointing.
 
Donald should just do his maths, make sure there’s no debt and plonk £5million on top.

There’s your money, nobody is up in arms.

So, £17-20 million debt free sounds about right dont it?
 
Nads said:
Donald should just do his maths, make sure there’s no debt and plonk £5million on top.

There’s your money, nobody is up in arms.

So, £17-20 million debt free sounds about right dont it?
Click to expand...
That would be fair enough for most people I think, for the work they've put in. Funnily, almost exactly half of what they're looking for, debt-free.......
 
  • Like
Reactions: Nads
Ozzymac said:
I'll ask this again. Has it ever been proven as fcat that this is the sale price that SD is asking? There have been a lot of assumptions from various people as to what they realistically expect it to be but has it ever been confirmed as fact?

If it hasn't then i'm afraid that people are totally getting their knockers in a knot about nowt.
Click to expand...

Not that I have seen but if they “paid Short £40m” (including the money) and want to make a profit, then the sell price would be north of £40m? However, we do know that the £40 was later reduced following the inflated valuation of Ndong. And I think I recall it being reduced to £37m. Forgive me if this has already been mentioned. Will they put the £20.5 back in - following a sale - remains the pertinent question here. We now know due to “exceptional operating cost” classification, they are not legally obliged to.
 
Kittenmittons said:
As usual, not worth my time. You accuse me of misremenbering, I post proof that I'm not, and you say ****e like this.

Back on ignore, you're not worth my time or anyone else's.
Click to expand...

I can't believe that you are remotely capable of comprehending a discussion/debate between two sane (I think) adults without attempting to grab at any straw that you believe supports your argument.
 
This place is getting like that shower of ****e over the road and funnily enough one or two of the posters on here are acting like cocks over there.
 
Roppa said:
I think it’s a fifth columnist kitten, not a fifth column, which is the group which a fifth columnist would belong to. I assume you are an individual and not several people, or possessed by multiple demons, and calling yourself legion? Just thought I’d point that out :)
Click to expand...

Really?
 
  • Like
Reactions: Roppa
The Norton Cat said:
Could it not just be as simple as they had a look at it and didn't fancy it in the end. But they'd come so far that they ended up investing a small amount as an act of good faith or a 'sorry for getting your hopes up'. Everyone jumping at shadows and seeing some cloak and dagger shenanigans behind it all doesn't actually help anything. Until there is actually proof of wrongdoing, everyone should stop the fingerpointing.
Click to expand...

I don't think they'd do that realistically. They were really not under any moral obligation to compensate anyone for it.

I believe the most plausible path in all of the FPP dealings has been that they evaluated us as being extremely risky from the outset and wanted to take their time and let things develop before committing to ownership or investment. They loaned the $12m as a 'first right of refusal' mechanism, by the looks of it, so that if we got promoted, they would be at the front of the queue if they wanted to be. If not, they could walk away and recoup the $12m via the loan terms.
 
Roppa said:
I think it’s a fifth columnist kitten, not a fifth column, which is the group which a fifth columnist would belong to. I assume you are an individual and not several people, or possessed by multiple demons, and calling yourself legion? Just thought I’d point that out :)
Click to expand...

Ha, good semantics, and well spotted.
 
Kittenmittons said:
I don't think they'd do that realistically. They were really not under any moral obligation to compensate anyone for it.

I believe the most plausible path in all of the FPP dealings has been that they evaluated us as being extremely risky from the outset and wanted to take their time and let things develop before committing to ownership or investment. They loaned the $12m as a 'first right of refusal' mechanism, by the looks of it, so that if we got promoted, they would be at the front of the queue if they wanted to be. If not, they could walk away and recoup the $12m via the loan terms.
Click to expand...
Maybe they did, maybe they didn't. My point was more that we don't know what their thinking or their motivation was but seeing, as you put it, chicanery in all of the minute snippets of information that slip out doesn't help anyone or anything.
 
Kittenmittons said:
Excellent article this. Some of the details will inevitably be wrong as in any external assessment, but I think he's got the jist of it right. I'd love to know where the FPP money is. It went into the club, but it would be possible to get it out again if it hasn't been spent.

The only thing I can't get my head around is FPP spending $12m on a loan to us, but not going up by just a few million (which in their world is peanuts) to get the full asset, if that's what they wanted to do. That's why I think there's some chicanery at work by all parties in this and a number of businessmen are playing games to try and inflate their own wallets from our misfortune.
Click to expand...

I don't think they wanted the full asset. Not with an underperformimg management team and when it's still in league one . They don't want to be hands on, so they need a good management team in place. Being in league one is a huge risk because that's two promotions they need before they can even think about making money, which is a big ask for people with no record in football and, likely, limited knowledge. For the price Donald wanted it wouldn't be worth it. So, Donald tells them that he'll get it right, he'll get us up, he could stay on afterwards. FPP think fair enough, we could offer him a loan, he gets to try and prove it, it's absolutely risk free for us, if he proves good at it we can take it on in the championship with less risk and, if he's still popular with the fans, we can keep him as chairman and not need to worry about the day to day. Since then he's proven more inept and the fans want him gone, which probably complicates things as far as they're concerned. If they have the full asset they're fully liable for any losses if they can't get it right. This way they can get to the table in a pretty risk free way
 
  • Like
Reactions: Robertson and Kittenmittons
Guinness Guzzler said:
I don't think they wanted the full asset. Not with an underperformimg management team and when it's still in league one . They don't want to be hands on, so they need a good management team in place. Being in league one is a huge risk because that's two promotions they need before they can even think about making money, which is a big ask for people with no record in football and, likely, limited knowledge. For the price Donald wanted it wouldn't be worth it. So, Donald tells them that he'll get it right, he'll get us up, he could stay on afterwards. FPP think fair enough, we could offer him a loan, he gets to try and prove it, it's absolutely risk free for us, if he proves good at it we can take it on in the championship with less risk and, if he's still popular with the fans, we can keep him as chairman and not need to worry about the day to day. Since then he's proven more inept and the fans want him gone, which probably complicates things as far as they're concerned. If they have the full asset they're fully liable for any losses if they can't get it right. This way they can get to the table in a pretty risk free way
Click to expand...

Yes that's it, exactly what I was getting at and I agree.

I don't think any of that is terrible for us, but obviously there is a risk that Donald ****s it up badly enough that FPP refuse to take up the default rights because they think they won't be able to recoup their money unless they engage in a PR nightmare of selling off the club's assets, or they have to spend a substantial sum to ever be able to get $12m back via promotion(s) under their chosen management team.

But hey ho, I am interested to see what Donald says, he's maybe backed up enough to divulge more concrete info about the FPP deal in order to wriggle his way out of this situation.
 
  • Like
Reactions: Guinness Guzzler
You must log in or register to reply here.
Top Bottom
Back