Me too. He gave them an opportunity to pay his asking price but with a charge that he would get the money in another way if they failed to keep their end of the bargain. They failed. They welshed on the deal to pay back the club the money they owed the club. They still wanted top dollar to sell up. All Donald and Methven. Nothing to do with Short.
I don't, I very much doubt he has any further interest in the club ... ... not least because the support would go mental. And, in any case, he doesn't have the means to take the club on. Why risk legal action for something which would instantly prevent any other club allowing you to see their accounts.
He is a broker, he wouldn't be buying the club himself as far as I'm aware, but getting a consortium together. Also worth considering when people talk about his Falkirk situation, that FPP have a damn sight more money than anyone who has ever been near our club, and they couldn't get a takeover deal over the line. It's all relative to the value of the asset and we don't know what Falkirk were asking for, it may have been ridiculous. I'm not judging him on that as many people are. I agree I think he's gone about it all the wrong way if it is him though. Nobody in their right mind should be letting him look at their books (albeit I doubt many of them have a £20m black hole that traces back to the current owners...)
Totally disagree. All people really want is for their football club to be successful. As long as it's doing well on the pitch and isn't looking uncomfortable financially, everything else is background noise. Look how the anti-Glazer protests at Man Utd diminished once the fans realised they were still winning things but have come back now they're in a period of sustained mediocrity. There will be some who would look at the financial stuff and be concerned even if we were being successful but their's would be lost voices amongst the content majority. There would even be some who said they deserved a little bonus for success.
I doubt any consortium would want to risk being associated with a chancer with little money and a propensity for leaking confidential information to the press. That's my honest opinion.
If it's the 25 million that you're talking about they don't actually owe the club that money ffs. It went to pay a club debt albeit by a complicated process, If Ellis Short had remained the owner, paid the SBC debt from the parachute payments when it came in and Then sold the club we wouldn;t give a toss about the 25 million as it was used for it's intended purpose.
Regardless of the complexity of the deal, they have moved the goalposts and left us with this black hole. My understanding is that Short cleared the debt, a portion of which should have been returned to Short by those who took on the club at some point down the line. Short correctly protected himself from being more out of pocket by placing the charge on the club. So when it came to paying up, the clubs money was used to pay Short. Yes it was the clubs debt but the new owners agreed to cover the debt as part of the deal. So they paid their obligation to Short out of the parachute payment and then moved the goalposts and cancelled their obligation to pay the club back. Short got what he wanted and Donald got what he wanted but the club has been left in a worse position because Donald changed the game at the clubs expense. My take is probably not perfect but I hope its not a million miles wide of the actual reality of what has happened.
If a club is showing signs of progression the supporters know finances will improve. If it's regressing the supporters know the club could be heading for trouble financially. It quite normal that success will make people more content isn't it.
Would FPP really need to Do due diligence, You would think that would of already happened months ago, and the would still be keeping an eye on it with money involved surly the case now for a full take over is just a signature if everything else is in-place
problem starting to come to light when SD said they paid Short 40 mill when in looks like it was 15 mill only, now this was probably down to ego and not coming across as someone who couldn’t fund the club which has now bitten him on the arse
You would think being the major investors in the club they’d be all over the current financial situation and have access to all they need when they need it. I’m clueless on this matter but that’s how I see it.
Iirc according to @Kittenmittons, and others, they'd have done DD to arrange the loan/investment. My info was that they did it with a view to a takeover and they also had EFL approval.
See what you mean. I think most of what they say is the truth but maybe just their version of the truth.
