They were incorrectly speaking on behalf of the council which is why there's now been a clarification and withdrawal of the article.
They really weren’t. They did tell Angus something they claimed was a FACT, that turned out to not even be a fact
To be honest, that's pretty much how I read and take anything that an 'ITK'er' posts on here about what they have heard is happening. It would be pretty daft & naive not to. I really don't get all the arguing. I'd much rather have people posting in good faith snippets they hear than not. We should just take what's posted as being as per your template Den.
General consensus seems to be the SMC is holding things up. What part? Is it the cost? The debt? Is it the terms? HCC? Someone appearing to be ITK told me yesterday but I was pissed. Happy to accept someone been 95% correct, it is a forum ffs, not a court of law
Must admit I don’t know much about the SMC. I assumed it always lost money because that was tax efficient when one entity owned both the club and the SMC, but could well be wrong. I assume if the Allams retained the SMC (or anyone not a club owner) there’s a risk to an owner as the SMC could put prices up. Are the Allams trying to keep a slice of it? Is the SMC somehow linked to development of the surrounding area? More questions that answers as I genuinely don’t understand how it operates (other than some dealings I had with the SMC when any decision larger than paper clip colour seems to have to go to Ehab for approval) Given it was apparently part of the Grieve deal falling through it just be important somehow…I just don’t know how tbh
This is what has amused me most as I watch SW3 Chelsea's increasingly ranty efforts in this debate. He clearly went hook, line and sinker with the posts from Toast and Howden in early December, lumping a few thousand on a takeover at the bookies, having his "I heart Acun December 2021" tattoo done, buying a holiday home in Turkey, the works. And now he can't let it go. Whereas the wiser heads simply thought "hmmm, that looks like a possible step forward, good news".
It is actually a court of... lore /lɔː/ noun a body of traditions and knowledge on a subject or held by a particular group, typically passed from person to person by word of mouth
Nope. Not ranty. What irks me is some of those ITKs that claim it was fully complete 7 weeks are still claiming they were right & it was “done” as they claim But yes I did buy a few properties in Turkey, that had **** all to do with Acun, it was a crazy bargain. I’m amazed more people didn’t. I will double my money in 18 months
You would have thought, that those involved in the takeover discussions, the legals, knowing who they were dealing with, perhaps/probably aware of the reputation of the people they were dealing with and the fact that previous attempts to buy the club had failed, would have established the cause of those aborted purchases in advance. If the SMC is again a sticking point, Acun's advisors have failed him and then some, because that should have been ground zero on the negotiation.
I wonder if all the I's have been dotted and T's crossed... Nobody knows what to do with the umlaut's? NITK
Here's my totally made up theory, based on nothing at all, but what if, Acun knew about the SMC all along, and was aware of the potential hurdle, and used the leaks and his public announcement as levers for this stage of the negotiations? Would the Allam's want it to fall through because of their own intransigence at this stage of the very public events?
The SMC is a bit of a rag tag of a set up. Unfortunately the right option was not available at the time. The SMC as a limited company simply doesn’t work. It’s does not meet the brief. There is now a better format and that is a Community Interest Company. It was just not available when the SMC was set up. So we have directors putting money in as a loan, Adam Pearson £4m, Bartlett £6m and Allam £11-13m. The SMC makes a loss, but that is because the football and rugby clubs ensure it makes a loss. I don’t know how they manage to convert financial loans into share values in a loss making company. But they do.
