Serious takeover talk

[Nads]

The only thing with this is trying not to get carried away and assume it's on yet. So much misinformation out there, most of it it passed on in good faith. I prefer it when there's more circumstantial evidence to back it up, so going to keep my head 50/50 for now.

If they do come on board on the basis stated, it's absolutely good news for us. The convertible debt is not an issue, and it gets us working as a proper club again.

I do worry that Parkinson came on though, if they're serious about all of this. Donald could have gone for a much better candidate, and I am a bit unsure why he wouldn't if he was confident of doing the deal.

Having watched the full Parkinson interview I can genuinely believe they thought he was best for the job. For all I disagree time will tell and he’s here now.

There’s maybe an element of the longer deal being for ‘stability’ and in the same way Coleman was removed as Short’s responsibility, then that could apply here if required.

Hopefully Parky gets us going and it becomes an irrelevance.

 

[Chunksafc]

The only thing with this is trying not to get carried away and assume it's on yet. So much misinformation out there, most of it it passed on in good faith. I prefer it when there's more circumstantial evidence to back it up, so going to keep my head 50/50 for now.

If they do come on board on the basis stated, it's absolutely good news for us. The convertible debt is not an issue, and it gets us working as a proper club again.

I do worry that Parkinson came on though, if they're serious about all of this. Donald could have gone for a much better candidate, and I am a bit unsure why he wouldn't if he was confident of doing the deal.

I'm still in my optimistic mood so will say its going to happen.

Hopefully with the same amount of money they put into that baseball team

 

[FulwellBri]

I don't know why, but my shackles are well and truly up regarding these Americans..

Based on what.
What would make them any more or less trustworthy than donald, methven and sartori?
There are some posters still questioning the convoluted financing that donald utilised to take over safc. One national newspaper reckoned at best it was smoke and mirrors.
Regardless of who is telling the truth on either side let's just assume both parties have used finance methodologies that comply with legal and accounting standards otherwise they are really setting themselves up for trouble.
Bottom line donald wants to make a quid, the yanks see a good investment opportunity.

 

[sheepman]

Interesting. And absolutely a smart way of investing. Minimal risk but you’re likely to win on whichever outcome.

That's what I'm thinking. If they are doing a similar deal I would be happy with that.
Seems little if no risk for the club.
Anyone thinks they are just going to come in and give us £1b is kidding themselves.

 

[Nads]

That's what I'm thinking. If they are doing a similar deal I would be happy with that.
Seems little if no risk for the club.
Anyone thinks they are just going to come in and give us £1b is kidding themselves.

Seems on this basis, Donald getting his payout will utterly hinge on success on the park, so for us as supporters that’s a plus.

Stu will need to back the gaffer in January. We need a striker, and we need a creative CM if we want a realistic punt at automatic promotion.

We may well be able to grab Maddison for around £1million or so, Daragh who wins Peterborough is a very good businessman and won’t want to gamble on getting nothing for the lad.

An ambitious loan would do striker wise, but maybe there’s enough going on without diving into transfer speculation right now

 

[Evil Jimmy Krankie]

I don't know why, but my shackles are well and truly up regarding these Americans..

Hackles you illiterate baboon, your hackles are up

 

[The Redbaron]

It all suggests to me the ‘investors’ want everything done their way on their terms.

That’s a positive. Means for once in my lifetime we have folk running the club who have the first ****ing idea what that means and takes.

A ‘loan’ v assets is a smart way of protecting yourself when maybe the dream you were sold wasn’t actually in place.

If they then take over, the club owes them, and they own the debt and credit. It’s standard business practice nowadays.

It also make sure that they keep an eye on their investments and control the situation before or should things go wrong.?

 

[Chunksafc]

Seems on this basis, Donald getting his payout will utterly hinge on success on the park, so for us as supporters that’s a plus.

Stu will need to back the gaffer in January. We need a striker, and we need a creative CM if we want a realistic punt at automatic promotion.

We may well be able to grab Maddison for around £1million or so, Daragh who wins Peterborough is a very good businessman and won’t want to gamble on getting nothing for the lad.

An ambitious loan would do striker wise, but maybe there’s enough going on without diving into transfer speculation right now

Would explain the sacking of Ross, that kind of came out of the blue

 

[sheepman]

No, it will be very similar to Ashley by sounds of it. Hopefully not with an external loan party (a la SBC)

His funding is via a loan to newcastle (so was Short's to us for a long time) and it is secured against the club and it's assets. If the club can't pay, it doesn't matter, but what it does allow is for him to take money out in any year, regardless of profit/loss as he is technically a creditor of the club.

Ironically, it would be a reverse of SD's position, but certainly more altruistic and 'club first' in practice than SD's method, as it involves putting a lump sum down up front and then recovering it when the club starts making money again. It's far more in keeping with the spirit of an investment.

I actually think Parkinson makes more sense in this situation.
If these chaps are on board then they are happy to play the long game
Parkinson (although not my choice) makes sense building one step at a time and in the scheme of things is not expensive to replace.

Might not be the instant hit some fans are expecting but the club will potentially be on very firm footings

 

[Nads]

I really ****ing liked Parkinson’s interview.

It didn’t feel prepared, he didn’t blow bullshit about the club, he just came across as a fella delighted with the chance, knowing that expectation is going to be often unrealistic, and confident he can deliver.

He did well for me. Time will tell if he changes my mind about him being ‘not the best choice’.

 

[ROKER PARK]

I really ****ing liked Parkinson’s interview.

It didn’t feel prepared, he didn’t blow bullshit about the club, he just came across as a fella delighted with the chance, knowing that expectation is going to be often unrealistic, and confident he can deliver.

He did well for me. Time will tell if he changes my mind about him being ‘not the best choice’.

He came across as a really nice bloke but so did CC, SG and JR.

 

[sheepman]

Seems on this basis, Donald getting his payout will utterly hinge on success on the park, so for us as supporters that’s a plus.

Stu will need to back the gaffer in January. We need a striker, and we need a creative CM if we want a realistic punt at automatic promotion.

We may well be able to grab Maddison for around £1million or so, Daragh who wins Peterborough is a very good businessman and won’t want to gamble on getting nothing for the lad.

An ambitious loan would do striker wise, but maybe there’s enough going on without diving into transfer speculation right now

Absolutely. If we are successful SD is successful but if he fails we still get rich owners.
This seems far too good to be true from the clubs point of view. Must be a catch somewhere.

 

[Chunksafc]

As I dont really understand the whole finance / loan / equity thing.

Is it in really basic terms, they give us some money, we have to be successful to pay it back or they take control of the club?

 

[Nads]

He came across as a really nice bloke but so did CC, SG and JR.

Absolutely, and they always do.

It just all came across very natural to me, and I don’t get the impression he will be overrawed by the scale of the club.

That, we in the main agree, was Ross failing. Reading into the behind the scenes at Bolton he did a great job there, and for all the ownership palava we are far, far better placed than them to push on.

 

[FulwellBri]

Hackles you illiterate baboon, your hackles are up

Aye but what anout his hockles?
Mine are like antique fob watches

 

[Nads]

As I dont really understand the whole finance / loan / equity thing.

Is it in really basic terms, they give us some money, we have to be successful to pay it back or they take control of the club?

Remember, we are speculating, but in simple terms, and of course depending on the size of the loan, Stu/SAFC will not be able to repay the loan without progress.

Going up massively boosts finances, Stu can pay. Staying down, he likely can’t and as such his ‘equity’ or part of it, in this instance his stake on the club, pays the debt.

So, in a scenario when he can’t pay, the Americans start to buy into the club by taking a percentage of his ownership.

On the face of it, the winners are SAFC, as if we are speculating right, the clubs arse is covered.

 

[Chunksafc]

Remember, we are speculating, but in simple terms, and of course depending on the size of the loan, Stu/SAFC will not be able to repay the loan without progress.

Going up massively boosts finances, Stu can pay. Staying down, he likely can’t and as such his ‘equity’ or part of it, in this instance his stake on the club, pays the debt.

So, in a scenario when he can’t pay, the Americans start to buy into the club by taking a percentage of his ownership.

On the face of it, the winners are SAFC, as if we are speculating right, the clubs arse is covered.

Thank you

 

[West Winger]

Remember, we are speculating, but in simple terms, and of course depending on the size of the loan, Stu/SAFC will not be able to repay the loan without progress.

Going up massively boosts finances, Stu can pay. Staying down, he likely can’t and as such his ‘equity’ or part of it, in this instance his stake on the club, pays the debt.

So, in a scenario when he can’t pay, the Americans start to buy into the club by taking a percentage of his ownership.

On the face of it, the winners are SAFC, as if we are speculating right, the clubs arse is covered.

If true then it seems a similar deal to the one Short had with SBC but in this instance the owners appear more inclined to play the long game if their investment strategy on their website is correct.

 

[cumbrianmackem]

Just tried reading from page 450 to 458 and am completely bamboozled.
I know I'm getting on a bit now but all these initials and loan this or investment that has my head spinning.
The new posters are certainly making themselves at home on here which is nice to see but I think like I did when the club were interviewing for our new manager I just gave up and waited till it was all announced on the clubs website and I think that's what I'm going to do with this thread.
I really appreciate everyone's efforts in trying to bring the latest news to the fore but I think I'll switch off now and maybes look again after lunch on Monday.
Hope it all goes how we want mind and the club can move forward with some cash in the bank.

 

[CoolerKing33]

As I dont really understand the whole finance / loan / equity thing.

Is it in really basic terms, they give us some money, we have to be successful to pay it back or they take control of the club?

Potentially yes, but maybe not...