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!
Smug in Boots said:
Thanks for the support.

There are 3 entirely different things with which I try to distinguish.

1) Facts, as I've been told by people I trust.

2) Opinions, based on info I've received or public knowledge.

3) Guesswork, based on hunches just as we all have.

Category 1 is when I post things like Ross and McGeady being sacked off in advance of the media, etc. That came from a player in the first team squad who's a friend of someone I stood on the Fulwell with for over a decade Also when I posted about a new company being created by the Americans which came from an ex/future-employer and million/billionaire. I posted, weeks before any media, that Ashley would kick Staveley into touch and that Dell had tried to buy Newcastle. In the case of the Stavely thing it was at the time of 'the curry house' when
she came out punching the air and everyone assumed it was a done deal. I posted a month before Ashley made his 'do one' statement.

The rest are open to question because I have no way of knowing for sure if the information is correct.

Obviously, as has been said, goalposts are moved so it can be said I was lying or whatever.

As far as the timing of the FPP takeover is concerned I was no more wrong than the BBC, fanzines, local media or even Jack Ross who blithely said he'd been introduced to the new owners.

I now know why it stalled and pm'd someone on here so there's a record of what happened.

I've been sworn to silence, on this, but it doesn't matter because anyone could call BS if I post it.

If I post and it's never officially revealed, which might be the case due to nda's, that would go down as another Smug lie to add to the list.

I can't win but, happily, I don't give a monkey's because that's of no interest to me.

All I try to do is sift the info and post what I choose in an entertaining way.

I think that, because I try to make it humorous and upbeat, it irritates people who are intense and pessimistic.

Who knows mate, it's just a little chat forum ...

... not the Old Bailey <laugh>
Click to expand...

Since cant say NDA etc I've got an idea.

Say you were a bookmaker what odds would you have on FPP owning us eventually?

Is this Bloomberg offer serious? I thought FPP had final say.

Sorry if you've already said just been pages of arguments and cba to sift through it and trust your word mate.
 
Bloomberg aren't making an offer. They've said there are two parties who are in the running, neither of which is named. FPP don't have final say as long as Donald pays up the loan from them.
 
BigPete said:
Since cant say NDA etc I've got an idea.

Say you were a bookmaker what odds would you have on FPP owning us eventually?

Is this Bloomberg offer serious? I thought FPP had final say.

Sorry if you've already said just been pages of arguments and cba to sift through it and trust your word mate.
Click to expand...

I'd still go for 80% FPP, only Donald is the fly in the ointment as he's already gone back on one deal.

To sell elsewhere he'd have to convince someone to stump up the money to pay off FPP or find the funds himself.

As long as he owes FPP THE £9 million there's nothing he can do without their consent.

If he has another buyer/didn't need the money ...

... why on earth would he incur a sizeable amount in charges/interest?

It's not as if he's achieved anything with it.
 
  • Like
Reactions: Monkey boy, Gil T Azell, alan reed and 1 other person
Confucius said:
actually as mentioned over the road, smug offered a £1000 bet that they would takeover. That's a bit more than being "smug" and I doubt anyone with an ounce of intelligence or decorum would do that, if they hadn't been given solid information.
Click to expand...

I waited until the tide of abuse became a Tsunami then dropped the offer into the thread ....

... there was a stunned silence for days <laugh>
 
  • Like
Reactions: Monkey boy, Gil T Azell and Confucius
Smug in Boots said:
I'd still go for 80% FPP, only Donald is the fly in the ointment as he's already gone back on one deal.

To sell elsewhere he'd have to convince someone to stump up the money to pay off FPP or find the funds himself.

As long as he owes FPP THE £9 million there's nothing he can do without their consent.

If he has another buyer/didn't need the money ...

... why on earth would he incur a sizeable amount in charges/interest?

It's not as if he's achieved anything with it.
Click to expand...

Exactly makes me think hes just using it to run the club so not putting his hand in own pocket.

Gambling we go up so he can sell to FPP and actually make some money.

Big gamble though hopefully these new signings fit in well but we are still light upfront IMO.
 
  • Like
Reactions: Robertson
Sheep Farmer said:
Does the £40m valuation include SD as a £25m debtor for the parachute cash he “borrowed “?
Click to expand...

This is what myself and GOM were discussing on RTG yesterday, there are options... someone could come along and say they insist on that, or Donald could try to negotiate that debt as part of the deal, eg: he says the new owner needs to wipe any debts as part of the process, leaving him to pocket a net profit on anything over £12.6m that he receives.
 
Kittenmittons said:
Donald hasn't spent any of the loan though, he doesn't need anyone else to pay it back.
Click to expand...
We don't know that for sure, in his last radio interview he said he hadn't touched it then also said some of it was been used to cover something else (can't remember exactly what) he completely contradicted himself in that interview regarding the loan
 
  • Like
Reactions: Smug in Boots
BigPete said:
Why would he need it then?

When are the accounts due do you know? Would this show in them?
Click to expand...

FPP won't show on them as it was done in this financial year. Accounts expected in April. It will (hopefully) show at least some of the Close Bros loan, and hopefully (although not absolutely guaranteed) it will show how that was resolved.
 
  • Like
Reactions: BigPete
Jamesmcsafc said:
We don't know that for sure, in his last radio interview he said he hadn't touched it then also said some of it was been used to cover something else (can't remember exactly what) he completely contradicted himself in that interview regarding the loan
Click to expand...

We don't, but given how little of it has gone out overtly, it's a fairly safe bet that he hasn't been spending money on infrastructure he intends to sell on. Also, the club will have had cash reserves (relatively small) to cover the type of business he has been doing in January. I'd be willing to bet he hasn't touched enough of it to make it a millstone around his neck if he decides to sell to someone else.
 
This may be a stupid question.....Can the club be sold with the FPP loan still in place? I know we dont know the terms and conditions of the loan i.e. repayment structure etc.. but is this possible?
 
BigPete said:
Exactly makes me think hes just using it to run the club so not putting his hand in own pocket.

Gambling we go up so he can sell to FPP and actually make some money.

Big gamble though hopefully these new signings fit in well but we are still light upfront IMO.
Click to expand...
I'd just wish he would sell up and **** off quickly
 
  • Like
Reactions: BigPete
Sheep Farmer said:
Not without the permission of FPP
Click to expand...


Yeah, sorry I knew that, should of asked the question a bit different, is it a possibility that any potential buyer would take the club on with a loan attached to it I meant? does anybody think that any buyers would do that?
 
You must log in or register to reply here.
Top Bottom
Back