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Damocles

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Everything posted by Damocles

  1. Damocles

    Take Over

    Amazing news! Although do spare a thought for the many small hotel creditors who achieve a significantly worse result, a lot of them are fans too.
  2. Damocles

    Take Over

    That would require BACS payments to be submitted today.
  3. Damocles

    Take Over

    Well that would be very naughty indeed, for example if EDT loaned him £3M but only £2.5M made it to the club, who picks up the shortfall?
  4. Damocles

    Take Over

    I suppose the question is how much did EDT loan KA and how much made it to the club.
  5. Damocles

    Take Over

    Lovell Sports Ltd Registered Address is the same as Sports Direct
  6. Damocles

    Take Over

    Also to include, how intense was the ‘marketing’ phase if it only delivered one bidder? How much did the £25k (non returnable) fee put bidders off?
  7. Damocles

    Take Over

    I’m eager to find out which farm animals shit you will refer to next.
  8. Damocles

    Take Over

    Sorry, that’s just what I have surmised from Iles’ tweets as that’s the only relationship between the two parties, fiscally. Thanks though for the (as ever) valid input.
  9. Damocles

    Take Over

    So it looks like KA doesn’t trust EDT to waive part/all of the £5M he owes them.
  10. Damocles

    Take Over

    Possibly a Direct Message, Lee.
  11. Damocles

    Take Over

    Little being greater than none, of course.
  12. Damocles

    Take Over

    Thank you for this, unfortunately I, like many others, pay little attention to your comments.
  13. Damocles

    Take Over

    Yes, and I think Nixon’s tweets allude to this. Administrator went to court to get legal protection for accepting a ‘lower’ bid. KA potentially agreed to FV deal until he discovered the value of the Kamani bid, at which point he (maybe even rightly) reneged.
  14. Damocles

    Take Over

    Assume Kamani’s were able to make KA aware of their bid structure. The legal process in midweek suggests one of the administrators needs protection against possible recourse.
  15. Damocles

    Take Over

    What level of cash (profit) do you see the hotel generating per annum, factoring in the increased staff levels vs removing Heathcote? The value is probably significant to FV, but less so to Kamani’s if they have significant plans for the hotel (think Hotel Football). Paying FV a sum close to FV’s anticipated profit level for the hotel would be relatively good business if it concurrently delivered success for the football side. As a comparison, Telford Utd ran a very successful adjoining hotel.
  16. Damocles

    Take Over

    Because deep down in all of this must lie an exit situation for them, this presumably is/was PL promotion, that can’t have changed. The hotel for me was the only way of them being able to afford to chase the above, if the Kamani’s offered funding then both parties could have a 5-7 year plan that is geared toward an exit upon PL promotion.
  17. Damocles

    Take Over

    I do not think anybody is in this to liquidate the club and sell the land. I suspect Kamani’s will get the hotel and may provide some funding support to FV in buying the club.
  18. Damocles

    Take Over

    Those people referenced don’t rely on it for their income though? People have said about non-contract or pay-as-you-play but getting injured on these deals could stop you earning for goodness knows how long and without access to professional rehabilitation etc.
  19. Damocles

    Take Over

    I think the risk is the increased chance of getting injured when parachuted in to a game (Does anybody remember Juergen Sommer) without the necessary preparations and, in all likelihood, without any guarantee of on-going payment or insurance if we were to fold. Semi-pro’s would be the way but how does that affect squad registration numbers?
  20. Damocles

    Take Over

    Maybe they paid in instalments
  21. Damocles

    Take Over

    But as @Benny The Ball says, in liquidation they stand to lose everything. The net cost at present must be relatively low as most costs are attributed to wages.
  22. Damocles

    Take Over

    They could choose to fund administration whilst a new buyer is sought too.
  23. Damocles

    Take Over

    I thought Bassini brought the ‘Rollers’ to games?
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