Site Supporter Spider Posted March 9, 2019 Site Supporter Share Posted March 9, 2019 Ask yourselves this who - other than a lifelong supporter who’s made a lake of cash - is going to risk £100m in a 2nd/3rd tier football club? we all know the answer. Howards analysis seems to be the most considered and emotionless we’ve seen so far. Sounds very much in the balance to me. Link to comment Share on other sites More sharing options...
Howardroark Posted March 9, 2019 Share Posted March 9, 2019 2 minutes ago, Flannel Truscott said: Unless you have inside information you can't state this with any certainty. How do you know he hasn't got £100m from saverin? True, I’m merely making deductions from both my experience and information that is publicly available about VGC, their funding and the experience of Mr Basran Link to comment Share on other sites More sharing options...
Howardroark Posted March 9, 2019 Share Posted March 9, 2019 4 minutes ago, Mounts Kipper said: Like you say, not enough to take us forward. Think I’d prefer Peter Kenyon takeover, fear he might be looking at Derby County. Yes, or Southampton Link to comment Share on other sites More sharing options...
Mounts Kipper Posted March 9, 2019 Share Posted March 9, 2019 (edited) 2 minutes ago, MickyD said: Eggzakerley He never played for us. Blackburn bastard. Edited March 9, 2019 by Mounts Kipper Link to comment Share on other sites More sharing options...
Flannel Truscott Posted March 9, 2019 Share Posted March 9, 2019 2 minutes ago, Howardroark said: True, I’m merely making deductions from both my experience and information that is publicly available about VGC, their funding and the experience of Mr Basran Sure. Hopefully a successful professional investor knows better than to go off half cocked. We'll know soon enough. I worked for a business funded by saverin, that comment was illustrative, no way he's dumb enough to be involved in this. Link to comment Share on other sites More sharing options...
Howardroark Posted March 9, 2019 Share Posted March 9, 2019 3 minutes ago, Watsmore said: Well these potential buyers don't court publicity that's for sure.We seem to be focusing on basran a lot,but were do sharron brttan and Geoff Thomas come into all this? Announcing a deal in December, communicating with fans on social media is publicity. Sharon is probably going to be the new Chief Executive, she has held 13 directorships, none in any firms with turnover of £4M+. Examples are 3 taxi company’s, and some property management firms. Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted March 9, 2019 Site Supporter Share Posted March 9, 2019 I can't cope with more owners as potless as Ken. The last 3 years have tested me to the limit, I'm now only going out of habit rather than enjoyment. Link to comment Share on other sites More sharing options...
Watsmore Posted March 9, 2019 Share Posted March 9, 2019 2 minutes ago, Howardroark said: Announcing a deal in December, communicating with fans on social media is publicity. Sharon is probably going to be the new Chief Executive, she has held 13 directorships, none in any firms with turnover of £4M+. Examples are 3 taxi company’s, and some property management firms. You do always state what appear to be very accurate and enlightening facts.But they are always negative almost as if you have an agenda.Now ofcourse im sure you don't,but all your info doesn't point to a takeover that should enthuse us all.And Geoff Thomas? Link to comment Share on other sites More sharing options...
birch-chorley Posted March 9, 2019 Share Posted March 9, 2019 I think we have gone beyond someone coming in with no money and spinning plates Hiven we are going into League 1 and will lose a huge chunk of TV income it’s got to be a decent cash injection or administration and start again from scratch surely Link to comment Share on other sites More sharing options...
Chris Custodiet Posted March 9, 2019 Share Posted March 9, 2019 (edited) 12 minutes ago, Howardroark said: Announcing a deal in December, communicating with fans on social media is publicity. Sharon is probably going to be the new Chief Executive, she has held 13 directorships, none in any firms with turnover of £4M+. Examples are 3 taxi company’s, and some property management firms. Just as a reminder, several of the companies Sharon's involved in also involve ex-Pink Floyd drummer Nick Mason (not that he seems to have any interest in footie) and then there's Jeff Thomas and UKCloud where Sharon's reported as a non-exec. Edited March 9, 2019 by Chris Custodiet Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 9, 2019 Moderators Share Posted March 9, 2019 1 minute ago, birch-chorley said: I think we have gone beyond someone coming in with no money and spinning plates Hiven we are going into League 1 and will lose a huge chunk of TV income it’s got to be a decent cash injection or administration and start again from scratch surely What does start from scratch look like in your world I presume we still play at the Reebok and have a hotel? Link to comment Share on other sites More sharing options...
birch-chorley Posted March 9, 2019 Share Posted March 9, 2019 1 minute ago, Casino said: What does start from scratch look like in your world I presume we still play at the Reebok and have a hotel? I’m not talking about it like I think it’s the better option of 2 We seem to be in a place worse than ever, no food at the training ground, no fuel, council meetings about pulling safety certificates etc Whoever comes in will need to write off a huge amount just to get us in a flat position, then we can try to have a conversation about living within our means (no mean feat in itself) However to get there it needs serious money putting in or to pay all the debts or some form of administration / CVA I’m not an expert but it seems like simple arithmetic to me Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 9, 2019 Moderators Share Posted March 9, 2019 Agreed It is simple enough if we know everything However, Howard as posted lots of stuff Much of it is fact, but plenty is his deductions based on facts and his experience Even he doesn't claim to know everything The picture he paints isn't very bright, I just hope he's going to be brought some white paints in the next day or two Link to comment Share on other sites More sharing options...
Howardroark Posted March 9, 2019 Share Posted March 9, 2019 18 minutes ago, Watsmore said: You do always state what appear to be very accurate and enlightening facts.But they are always negative almost as if you have an agenda.Now ofcourse im sure you don't,but all your info doesn't point to a takeover that should enthuse us all.And Geoff Thomas? Being able to trust an owner would be enthusing surely? Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 9, 2019 Moderators Share Posted March 9, 2019 I'd prefer to not trust a Russian oligarch. Link to comment Share on other sites More sharing options...
Howardroark Posted March 9, 2019 Share Posted March 9, 2019 16 minutes ago, Chris Custodiet said: Just as a reminder, several of the companies Sharon's involved in also involve ex-Pink Floyd drummer Nick Mason (not that he seems to have any interest in footie) and then there's Jeff Thomas and UKCloud where Sharon's reported as a non-exec. That’s the back catalogue of his rights to the songs, managed through a digital company that VGC invest in. UKCloud and Jeff T are a legitimate business, but not a majorly profitable one at present. Link to comment Share on other sites More sharing options...
Howardroark Posted March 9, 2019 Share Posted March 9, 2019 20 minutes ago, birch-chorley said: I think we have gone beyond someone coming in with no money and spinning plates Hiven we are going into League 1 and will lose a huge chunk of TV income it’s got to be a decent cash injection or administration and start again from scratch surely Admin costs at present are minimum £16M EFL rules- All football creditors to be paid in full, other creditors to receive minimum 25%. If not met then they won’t release the golden share (a single share they hold in every league club). Link to comment Share on other sites More sharing options...
Watsmore Posted March 9, 2019 Share Posted March 9, 2019 3 minutes ago, Howardroark said: Being able to trust an owner would be enthusing surely? Yes it would.But the picture you paint of basran seems to be he's nothing more than a darker skinned skint Anderson.Whats to enthuse there? Link to comment Share on other sites More sharing options...
Howardroark Posted March 9, 2019 Share Posted March 9, 2019 1 minute ago, Watsmore said: Yes it would.But the picture you paint of basran seems to be he's nothing more than a darker skinned skint Anderson.Whats to enthuse there? Not at all, a legitimate businessman with no disqualifications etc, just not the white knight type investor. Link to comment Share on other sites More sharing options...
Mounts Kipper Posted March 9, 2019 Share Posted March 9, 2019 (edited) 35 minutes ago, Biggish Dave said: I can't cope with more owners as potless as Ken. The last 3 years have tested me to the limit, I'm now only going out of habit rather than enjoyment. I agree with this, hardly any point in continuing as a club if it’s a circle of doom and gloom each and every week, you have to tip your hat to fans who continue week in week out supporting the likes of Rochdale who’ve not had much to cheer for ever. Edited March 9, 2019 by Mounts Kipper Link to comment Share on other sites More sharing options...
Duck Egg Posted March 9, 2019 Share Posted March 9, 2019 12 minutes ago, Howardroark said: . If not met then they won’t release the golden share (a single share they hold in every league club). That's surprised me. How do they hold a share(s) of clubs that haven't been floated or are 100% owned by one individual? Apologies if this is a ridiculous question. I'll freely admit to knowing feck all about high finance Link to comment Share on other sites More sharing options...
Watsmore Posted March 9, 2019 Share Posted March 9, 2019 1 minute ago, Howardroark said: Not at all, a legitimate businessman with no disqualifications etc, just not the white knight type investor. We here all about this fund,but his family are minted,so could they be putting in money?Also I don't want to sound condescending.but I do respect your views.Why on earth would people invest in something when they don't have enough money to grow it.To me its a waste of the little money they have.just doesn't add up to me. Link to comment Share on other sites More sharing options...
Chris Custodiet Posted March 9, 2019 Share Posted March 9, 2019 15 minutes ago, Howardroark said: That’s the back catalogue of his rights to the songs, managed through a digital company that VGC invest in. UKCloud and Jeff T are a legitimate business, but not a majorly profitable one at present. Thanks. All much as I thought and all seem legit and respectable, but where's the business objective? Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted March 9, 2019 Site Supporter Share Posted March 9, 2019 3 minutes ago, Watsmore said: We here all about this fund,but his family are minted,so could they be putting in money?Also I don't want to sound condescending.but I do respect your views.Why on earth would people invest in something when they don't have enough money to grow it.To me its a waste of the little money they have.just doesn't add up to me. My guess and it is only a guess, is once they have the keys to the house, as venture capitalists, they would look to get investors on board. They would have a club free largely from debt, albeit losing money, but with potential for growth if they get it right on the pitch Link to comment Share on other sites More sharing options...
Watsmore Posted March 9, 2019 Share Posted March 9, 2019 4 minutes ago, Biggish Dave said: My guess and it is only a guess, is once they have the keys to the house, as venture capitalists, they would look to get investors on board. They would have a club free largely from debt, albeit losing money, but with potential for growth if they get it right on the pitch Well according to howard we wouldn't be debt free.He says money owed to james and brett would be refinanced.maybe other debts aswel.Thats not my idea of debt free.also how do we get on field success without funds,and look how long its took sweaty to get investmet.If howard is correct we havnt got much to look forward too. Link to comment Share on other sites More sharing options...
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