Have we got our own Cellino

Middlesbrough too. Gibson said it was alot of HOT AIR.

 

We’ll see , I personally don’t think that Nice situation is the same as ours , they had a hostile incumbent investor who had an agreement the Consortium would buy his shares at an agreed price , the alleged dodgy loan was to pay him off and has subsequently been repaid . The former owner , who was popular with fans , then went on a sledging campaign and brought in his new mate dodgy brexiteer ,who moved to Monaco , Radcliffe to bid for the club. When the offer got to what Chien thought a reasonable return , they sold . Good luck to Nice having that tw@t as owner . In terms of the CEO not saying anything , wasn’t that an initial criticism of GG , obviously it was never going to be a criticism of Ben who never shut up .

 

Done a quick google. Apparently they agreed in principle a £130 million take over full Hull but the deadline passed and they never went though. Offered Gibson £50 million for 50% stake in Boro but he turned it down

 

Please don't take any offence in this pal but I've read thru alot of this board for the last week and I feel you in particular get very defensive on the subject of anything the owners have, or haven't, done. Why do you feel the need to defend them like you do? Again, I'm not saying that in a shitty way, I just want to know where your faith comes from.

 

I think that there is a lot of b@ll@cks talked about them , I’ve said it before they are a group of business people that were sold an idea as well as a club , what did people really think would happen . This has been their second preseason at the club , the first went well this last one so far hasn’t , but the vitriol from some parts has been embarrassing, racism ,personal threats ( not on here but other social media) . We have no idea what has gone off behind closed doors . I’ve already said what I think of Stendel and I know I’m in a small minority .
I guess all I’m saying is this regime have done nothing that Cryne didn’t do but being lambasted for doing it

 

When the facts come out you will change your mind in a heartbeat. Also, Cryne wouldn't have got rid of Stendel had he been in charge.

 

Maybe , I’ve been wrong before, but I’ve been right before as well , you obviously know more than is in the public domain , in my experience the facts very rarely come out and even if they do people still believe what they want to believe . As for the last statement, yes Cryne would have sacked Stendel ...... Ritchie ,Robins , Thordarson

 

You’ve missed a couple of very very important points on your post
They bought 80 % of the club off the director rievere who owned 100 % of the club and agreed to buy the other 20% inside 2 year

They paid just under 20 million euros agreed to buy the other part 20 % inside two years for 3 million euros

Yes they got a loan loaned against the clubs TV money for 22 million
Exactly the amount the whole 100 % purchase price of the club the 80 + 20 added up to
That debt was then passed on to the club and they had in effect bought the club for nothing

as it says if they would have fallan a few places down the league the club would have gone under
They had no money in the coffers



They then preceded to sell 30 million pounds worth of players
the exact amount almost to the penny
That the club ,the loan and the interest on that loan added up to
Pure coincidence of course.


If you have seen red rains post the have paid for the club with 6 million and the rest in yearly payments
Was the loan they took out a bit early on to cover those repayments and put that debt on club
To recover there initial purchase price
Will they be using player sales money to pay those repayments
Exact same situation as OGC Nice
Paying for the club with money from player sales
You couldn’t make it up
No wonder the investor Mr Chien is always smiling

 

I’m not really getting the outrage , paying for , selling a club , keeping a club afloat , on the back of player sales , that’s football . What do you think Radcliffe is going to do at Nice , what did Cryne do eventually at BFC , Rievere got the monk on when Nice qualified for the first time in their history for the Champions League and all of a sudden the deal he’d negotiated looked / was crap

 

Did you get a response...

 

I’d not read this before

it all slots into place..

 

Tbf business equals making money. And I'm hoping the penny drops that they can make more cash being in the championship. But I never want them to own the ground fully. Dont see what the new CEO is doing either but I've a feeling we may see more of him and less of Conway for a while

 

I guess they got the now standard silence.

 

In fairness to the owners, people taking out loans and offsetting them into the business is very standard in business, what it does continue to ask though is why every time there is a need for cash borrow it?
The only logical reason seems to be either they don’t have the cash or it is tied up and is theoretical money not literal.
Either way it adds upto not putting their own money in.

Got to say if they bought Nice for £22million, what a steal compared to us.
Equally what has happened to the reported £90-£100 million they got from the sale?

 

If you look at New City and Pacific Media, they are essentially fundraisers. I fully suspect a fund has been created with multiple investors that sits within the investment vehicle. If an investment vehicle raises £20m and then takes x percent stake in a company, the investors in that vehicle then get the profit.

We don't know the make up of the investment vehicle for Nice or for us... but its not unreasonable to suggest that the profit made on Nice hasn't all gone to the people we perceive to be our owners.

 

Agreed, said as much about Conway.
Brings you back to not as wealthy as some think
Had similar dealings with a London based company called Mobeus, who work in exactly same way, they take individual peoples money and invest it for them into companies in the same manner.

 

It spreads risk but reduces returns, very common indeed. Much of Londons skyline are build by investment funds or multiple investment funds all designed to generate returns. If your investment group can show year on year returns in a private company, or fund, or development project, its an attractive statement to then ask that group for more money to reinvest in another project which may be bigger and so on and so on. Better returns than typical markets and more control over day to day running and decision making.

 

I think the concern is related to what Is suspected to be a ‘leveraged buyout’ where the owners simply load the debt used to acquire the club onto the club itself. The debt then has to be serviced from the club’s trading position. This involves minimal risk to the owners and maximum risk to the club. This is essentially an American business invention and has resulted in a number of disastrous situations. The Glazers’ acquisition of Manchester United was done this way I believe.

 

I always say that people speak with their actions and tbh we have seen bite size comments that they can suggest have been bang on.
The major ones....most succesful transfer window, every penny will be re invested in transfers .....some money put in to the ground, players with one year left on their contract will be offered a new one or sold (moore)have not been true.
It concerns me that the major issues (above) have not been met.
From a financial point of view we are just dandy but look lets take the Moore situation.
2 years left, we sell, with no clear sign of a replacement, footballing suicide to go into this season with only Woody....and the excuse.....he wanted to leave!!! Maybe he did but you dont let your leading goalscorer leave without a half decent replacement....surely.. That and the Potts transfer (replaced him with Green) told me quite a bit about, how we be transacting business.
Dont get me wrong, i dont want the board out or anything daft just more transparency from our suits and less flannel ...stop making statements you dont mean and promises you cant keep.
Learn one thing foreign consortium. ..when taking over english footy clubs...keep the locals onside.

 

Exactly pal,think you've hit the nail on the head there