FPP to take full control

[Bigmackem]

Everton 38k?

Oops just took it at face value , sorry!

 

[Bigmackem]

Eintracht Frankfurt had 48,800
Hertha Berlin had 35.049
Schalke had 61,614
Werder Bremen 42,100
Athletico 54,113
PSV 34,700

In the Bundesliga 2
Hamburg 49,581
VFB Stuttgart 50,846
to name a few

Must have been the drink , I won’t take any notice of him again without checking for myself or quoting him !

 

[Bob Cheval]

It's easy to get dragged down by the pro-miserati on RTG jumping on any perceived negative like a dog at broth.

It's probably best to see all the 'statements' from Donald as public negotiating and advertising.

Of course various entities 'enquire about the club' but that's a long way from what FPP have done.

It's all very well saying gates are irrelevant but we have top ten fan base and current gates that some PL clubs envy.

We'll be bought because we're a club with real potential ...

... we've heard that all before but it doesn't make it any less true.

I think SD has had a lot of unfair criticism. He clearly underestimated the situation he was buying into but that is not a crime. He has risked £10m of his own cash on the club, might well have lost a good chunk of that but the criticism seems to be that he doesn’t have a spare £50m to burn. Well who does?

He has made a few silly comments but much of what he has said hasn’t actually been wrong - it has just been misinterpreted. My sense is that he means well, he just doesn’t have the funds to do what is actually needed. He should have done more DD and offered Ellis something more like £30m. Then he would have not gotten into such a hole.

 

[FulwellBri]

The confusion is caused by everyone trying to label every bit of money as this or that. The key point is that there is a difference between SAFC and the company that owns SAFC. SAFC loaned Madrox £25m which they used to pay Short. There is nothing odd about this - Short knew that money was coming in. He could have waited until it arrived, used it to pay off the club debt to himself and then sold the club after. Instead he sold it beforehand but the valuation obviously reflected the fact that SAFC was abo to be given £25m in parachute payments. It is another red herring really.

If I had a dormant company that did absolutely nothing but owned a lottery ticket that had just won £1m, I could wait until the company got paid that cash, distribute it to myself as a dividend and then I am left with a company worth nothing. Or I could sell it the day before it gets the payment to someone else for £1m.

The point is that the £1m has got nothing to do with the value of the company really. It’s just a £1m of cash that is worth £1m. Do you want to buy the company with the £1m of cash or not? The difference in price is £1m.

What matters from a SAFC perspective is that that money is not ‘gone’, it is less back to the club by Madrox. So if Madrox are going to pay it back, the value of the club will include that £25m. If Madrox are not going to pay it back, then the value of the club won’t include the £25m.

But there is zero practical difference between someone buying SAFC from Madrox for £35m witb Madrox paying back the loan to SAFC and someone buying SAFC for £10m, Madrox defaulting on the loan and the new owner putting in £25m of fresh equity into SAFC. In both cases, the new owner has spent £35m, SAFC has its £25m of cash back and Madrox have been given £10m.

Financial equivalent of smoke and mirrors.
The club was taken over on the never never.
The never never wants its money back
Donald wants a pay day and doesnt care who pays the never never

 

[Bob Cheval]

Financial equivalent of smoke and mirrors.
The club was taken over on the never never.
The never never wants its money back
Donald wants a pay day and doesnt care who pays the never never

That’s not really what I meant. It was Ellis who wanted the parachute payments. All SD did was agree to hand it over when it arrived. It’s not really anything to do with him. If Ellis had sold the club a few months later, no one would even be talking about it.

The mistake SD made was banging on about having bought the club for £40m when that was only true on a technicality.

 

[Smug in Boots]

I think SD has had a lot of unfair criticism. He clearly underestimated the situation he was buying into but that is not a crime. He has risked £10m of his own cash on the club, might well have lost a good chunk of that but the criticism seems to be that he doesn’t have a spare £50m to burn. Well who does?

He has made a few silly comments but much of what he has said hasn’t actually been wrong - it has just been misinterpreted. My sense is that he means well, he just doesn’t have the funds to do what is actually needed. He should have done more DD and offered Ellis something more like £30m. Then he would have not gotten into such a hole.

I'd agree with that tbh.

The mistake he's made is that he's used to giving rallying cries to his insurance staff who are dependant on him for wages and, therefore, slightly more 'gullible'.

We both know how much forensic scrutiny our own posts endure on a little chat forum ...

... hoping that contradictory comments will escape the attention of 30,000 people is a little naive tbh.

 

[Lucky19672]

Hmmmm

£35 million eh?

£25 million to Ellis now owed by Madrox to safc, plus approximately £10 million loan from FPP..... equals £35 million. Well I never!

The FPP fellas have played a blinder here.

The £40 million price tag. £25million owed by Madrox. JS bought 20% for £3 million, which would make 100% £15 million. £25 million + £15 million = £40 million.....

 

[Roppa]

Haway man, people on here are adults, not children.

I think SD has had a lot of unfair criticism. He clearly underestimated the situation he was buying into but that is not a crime. He has risked £10m of his own cash on the club, might well have lost a good chunk of that but the criticism seems to be that he doesn’t have a spare £50m to burn. Well who does?

He has made a few silly comments but much of what he has said hasn’t actually been wrong - it has just been misinterpreted. My sense is that he means well, he just doesn’t have the funds to do what is actually needed. He should have done more DD and offered Ellis something more like £30m. Then he would have not gotten into such a hole.

we’re all entitled to our opinions m8, that’s what a discussion board is all about, but I disagree, I think his ineptitude was and is driven by greed, he saw an opportunity and thought he’d take Ellis for a few quid, unfortunately he completely underestimated what was needed to run a massive club like ours. No one put a gun to his head to take us over, and the least we deserve is to be run properly, he's running it like a non league club. He needs to go and go quickly, and not let the door smack his arse on the way out.

 

[Bob Cheval]

we’re all entitled to our opinions m8, that’s what a discussion board is all about, but I disagree, I think his ineptitude was and is driven by greed, he saw an opportunity and thought he’d take Ellis for a few quid, unfortunately he completely underestimated what was needed to run a massive club like ours. No one put a gun to his head to take us over, and the least we deserve is to be run properly, he's running it like a non league club. He needs to go and go quickly, and not let the door smack his arse on the way out.

Actually, I think he was hood-winked by Methven. That was how the deal got down, through contact between him and Ellis. I think SD got bounced into it because there was a tight deadline. Remember than SD and JS put actual money in. CM did not. Then as soon as it looked like Madrox was worthless, he was gone.

 

[Bob Cheval]

we’re all entitled to our opinions m8, that’s what a discussion board is all about, but I disagree, I think his ineptitude was and is driven by greed, he saw an opportunity and thought he’d take Ellis for a few quid, unfortunately he completely underestimated what was needed to run a massive club like ours. No one put a gun to his head to take us over, and the least we deserve is to be run properly, he's running it like a non league club. He needs to go and go quickly, and not let the door smack his arse on the way out.

Tell you what, can’t wait for the next season on Netflix!

 

[Smug in Boots]

we’re all entitled to our opinions m8, that’s what a discussion board is all about, but I disagree, I think his ineptitude was and is driven by greed, he saw an opportunity and thought he’d take Ellis for a few quid, unfortunately he completely underestimated what was needed to run a massive club like ours. No one put a gun to his head to take us over, and the least we deserve is to be run properly, he's running it like a non league club. He needs to go and go quickly, and not let the door smack his arse on the way out.

I know mate, that comment was aimed at Bri for believing anyone 'panders to me' on here.

I try to post in an optimistic and entertaining way so people 'like' my posts ...

... it's not because they slavishly follow me like I'm Sun Myung Moon

(BTW I'm doing a 2 for the price of 1 wedding until the end of the month.)

 

[Nads]

Eintracht Frankfurt had 48,800
Hertha Berlin had 35.049
Schalke had 61,614
Werder Bremen 42,100
Athletico 54,113
PSV 34,700

In the Bundesliga 2
Hamburg 49,581
VFB Stuttgart 50,846
to name a few

With your German crowds, they are always huge, but that’s due to the size of the cities, not always fanatism.

50k for Stuttgart in the second division looks impressive, but it’s a city of 700,000 people.

 

[Smug in Boots]

I know mate, that comment was aimed at Bri for believing anyone 'panders to me' on here.

I try to post in an optimistic and entertaining way so people 'like' my posts ...

... it's not because they slavishly follow me like I'm Sun Myung Moon

With your German crowds, they are always huge, but that’s due to the size of the cities, not always fanatism.

50k for Stuttgart in the second division looks impressive, but it’s a city of 700,000 people.

And they have an efficient rail system that always gets you there on time.

 

[Smug in Boots]

Jardine, as usual, spending his Sunday ignoring his children and obsessing about 'Reiver' ...

... and, as usual, posting nonsensical bollix that bears no relation to the truth.

"At least Reiver seems to have had the good grace to fall on his sword after his pitiful ITK nonsense regarding FPP."

Just to reiterate, FPP are still very much involved and currently the biggest investors in the club.

I stand by everything I've said ....

.... dates, times and goalpost shifting apart.

 

[Guinness Guzzler]

Jardine, as usual, spending his Sunday ignoring his children and obsessing about 'Reiver' ...

... and, as usual, posting nonsensical bollix that bears no relation to the truth.

"At least Reiver seems to have had the good grace to fall on his sword after his pitiful ITK nonsense regarding FPP."

Just to reiterate, FPP are still very much involved and currently the biggest investors in the club.

For all he keeps posting that he'd be delighted if it happened, he's one of a few who genuinely just seem to enjoy wallowing in misery. He'd be in his element if it fell through, and if they do take over I give it about 2 days before he starts "lowering expectations" and being pessimistic about what they can achieve. People like that baffle me, there's enough to be concerned and worried about in every day life, football is supposed to be an escape from that. Can't understand why anyone would keep watching and commenting on something which seemingly gives them so little enjoyment or cause for optimism

 

[TonyG]

For someone like jardine to be ignored as he is being after that comment must be quite galling. Judging by the views of people on rtg who knows him in real life he spends his cyber life provoking and winding people up.

 

[Smug in Boots]

For all he keeps posting that he'd be delighted if it happened, he's one of a few who genuinely just seem to enjoy wallowing in misery. He'd be in his element if it fell through, and if they do take over I give it about 2 days before he starts "lowering expectations" and being pessimistic about what they can achieve. People like that baffle me, there's enough to be concerned and worried about in every day life, football is supposed to be an escape from that. Can't understand why anyone would keep watching and commenting on something which seemingly gives them so little enjoyment or cause for optimism

He rarely posts but, when he stupidly believed FPP had pulled out, spent the whole day on there spewing out smilies.

I don't care what his cricket buddies say, the bloke is a weirdo.

 

[Kittenmittons]

Actually, I think he was hood-winked by Methven. That was how the deal got down, through contact between him and Ellis. I think SD got bounced into it because there was a tight deadline. Remember than SD and JS put actual money in. CM did not. Then as soon as it looked like Madrox was worthless, he was gone.

I floated the idea a few months ago that Short basically set it all up. I have a source close to the people SD originally came in alongside, and for some reason Donald semi-screwed them over midway through the due diligence. He'd never been intended as the main guy and was given a chance to be a minority partner in their bid, with Donald and one other (now looks like Sartori) taking 49% and this fund from Spain taking 51% and overall control.

Then all of a sudden, their version is that he started demanding 33% each, which if it was Sartori (I don't know this but it looks very likely) would have basically meant DER LADS were aligned and effectively in charge with 66% and were dragging the Spanish PE firm along. Obviously they decided to leave it, and their wording was 'they were not quite so positive about Donald at the end as at the beginning' which was said in a very very understated way that implied exactly what they thought of him

I've always wondered what changed in that timespan. My opinion is that Short got a very sweet deal in some way from the takeover, and realistically, he got about £30m+ from this takeover in net benefit, where he was probably looking like not getting anything from any other party. Maybe there is some credence to Methven and Short being very clever, and Donald getting caught up in it.

 

[DH4]

With your German crowds, they are always huge, but that’s due to the size of the cities, not always fanatism.

50k for Stuttgart in the second division looks impressive, but it’s a city of 700,000 people.

German fans also pay the equivalant of £10 per game as well..

 

[Left For Dead]

I'd agree with that tbh.

The mistake he's made is that he's used to giving rallying cries to his insurance staff who are dependant on him for wages and, therefore, slightly more 'gullible'.


We both know how much forensic scrutiny our own posts endure on a little chat forum ...

... hoping that contradictory comments will escape the attention of 30,000 people is a little naive tbh.

Well- my itk contacts have been completely wrong - as far as I can see the yanks are not buying club - Charlie leaving was never a good sign like- still- team doing ok so that will have to do