This thing at Garrison on Tuesday...

Discussion in 'Bulletin Board' started by RedVesp, Jan 30, 2022.

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  1. Kin

    Kingtyke Active Member

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    No I can't see it either. I was just pointing out not all of the board live in America etc. There is one who lives in the UK with a significant share of the club that a lot seems to overlook
     
    Kingtyke, Jan 30, 2022
    #81
  2. Andy Mac

    Andy Mac Well-Known Member

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    Spoke to Luke earlier. Very civil and we are 'friends' again.
    For my part, I explained that I don't want to see his long standing reputation as a passionate Red be compromised by a situation that on the face of it looks a sham without credibility. I don't want to see him suffer. Or look daft.

    We have kind of agreed to disagree, without malice.
     
    Andy Mac, Jan 30, 2022
    #82
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  3. Tyk

    Tyketical Masterstroke Well-Known Member

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    Come on guys. I've been telling you for weeks it's a secret buuming club. They're just trying to get you to sign up to the first rule of buuming club.
     
    Tyketical Masterstroke, Jan 30, 2022
    #83
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  4. BarnsleyReds

    BarnsleyReds Well-Known Member

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    One of the silliest things I've ever read on here, this. And there's some impressive competition.
     
    BarnsleyReds, Jan 30, 2022
    #84
  5. Dalestykes

    Dalestykes Well-Known Member

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    Oh come on! You should have seen the pseudo intellectual rubbish on the Trump thread!
     
    Dalestykes, Jan 31, 2022
    #85
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  6. Redarmy87

    Redarmy87 Well-Known Member

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    Why've you brought that up, Dreamboy will be resurrecting the 'US Election' thread now! :D
     
    Redarmy87, Jan 31, 2022
    #86
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  7. icer

    icer Well-Known Member

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    Who's going to this event?
     
    icer, Jan 31, 2022
    #87
  8. Marc

    Marc Administrator Staff Member Admin

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    ff.jpeg

    p.s. I'm taking the pi$$, before anyone gets their knickers in a twist
     
    Marc, Jan 31, 2022
    #88
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  9. icer

    icer Well-Known Member

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    Not real protesters… they dont have a flag
     
    icer, Jan 31, 2022
    #89
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  10. Archey

    Archey Well-Known Member

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    The current owners will listen to any sensible offer put to them, Khaled said as much in his Q&A with Gally and Loko. Therein lies the issue, there are no sensible offers on the table, just a Facebook group claiming to have the means to buy the club.
     
    Archey, Jan 31, 2022
    #90
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  11. Arc

    Archerfield Well-Known Member

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    It really depends on what is a sensible offer.

    From the sellers side they have a current Championship Club with, according to transfer market, a playing squad with a value of £22m. Price minimum £20m upwards.

    From a potential purchaser a league one club facing a drop off of at least £6m of revenue, transfer values decimated by covid, current performances, minimal cash on balance sheet and fans insurrection. It’s a £1.
     
    Archerfield, Jan 31, 2022
    #91
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  12. Kettlewell

    Kettlewell Well-Known Member

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    I think any serious buyer for Bfc,would after due diligence offer £10 million at most,whichever league they were in. Next season, even if a lot of players are sold,the club will struggle to break even.
     
    Kettlewell, Jan 31, 2022
    #92
  13. She

    Sheriff Well-Known Member

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    The club was valued at £10m when they bought it (based on the fact that the 20% shareholding in BFC Investment Company is a £2m asset in the accounts of Oakwell Holdings Ltd).

    As a potential buyer, looking at it now vs then, I'd struggle to find justification for it being worth £5m currently.
     
    Sheriff, Jan 31, 2022
    #93
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  14. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    What the buyer would offer is almost irrelevant really. It’s what do we think the current owners would accept?

    Based on what they paid, what they owe, and what they’d like to walk away with, I’m thinking negotiations have to start at £15m to get them to listen. But closer to £20m gets your hand bitten off.
     
    Loko the Tyke, Jan 31, 2022
    #94
  15. Marc

    Marc Administrator Staff Member Admin

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    Current value unlikely to mean anything to PMG though. This is at the very heart of the problem. I’m sure there’s plenty of interested investors out there. Whether any of em are likely to come anywhere near PMGs asking price is another.
     
    Marc, Jan 31, 2022
    #95
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  16. She

    Sheriff Well-Known Member

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    This is why I've been saying for a while that I expect the exit, when it eventually comes, to be via an administration process.

    If the owners refuse to invest money into a loss-making business then the working capital will eventually dry up. If they refuse to accept realistic offers based on the true value of the business then a prospective purchaser will wait for that decision to be taken out of the owners' hands, and into the hands of an administrator.

    Our league situation has become so bad now that the optimum time for this to happen would be in the period this season when a points deduction applied to the current league season. Not a hope that this happens though as I'm sure we're in for several seasons of the current ownership group effectively holding the club to ransom until the funds ultimately dry up.
     
    Sheriff, Jan 31, 2022
    #96
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  17. pon

    pontyender Well-Known Member

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    It isn't a good look if they are still wanting to add to their portfolio. They were last heard to be trying to buy Kaiserslautern last October.
     
    pontyender, Jan 31, 2022
    #97
  18. Marc

    Marc Administrator Staff Member Admin

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    I tend to agree. I think things will get worse before they get better. I genuinely don't think admin, as we're not carrying debt and there's no prospect of that happening either under PMG (which is at least one thing to be thankful for). but certainly at a point where PMG might just decide to cut their losses, which could be after a long spell in L1, or L2. either way, that looks a hell of a lot more likely than a Nice-type situation, where they make money on a sale.
     
    Marc, Jan 31, 2022
    #98
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  19. She

    Sheriff Well-Known Member

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    Not carrying any debt is irrelevant if there's no-one willing to invest when the funds dry up.

    Administration is not generally caused by the amount of loans you have. It's a consequence of an inability to pay your debts as they fall due, the most likely ones being the next payroll run, a transfer installment to another club or payments falling due to HMRC.
     
    Sheriff, Jan 31, 2022
    #99
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  20. Marc

    Marc Administrator Staff Member Admin

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    Yeah I get that. Still think we’ll be fine. We’ll just cut our cloth. We’ve done it since 1887. Only time we were ever seriously in trouble was largely due the digital collapse, which was a black swan event really.
     
    Marc, Jan 31, 2022
    #100
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