The Cardiff chairman says half of the 24 championships are up for sale and are being touted off market. Not publicly advertised. Who are they ? Hull City definitely for one the investors who bought Barnsley tried to buy them but couldn't come up with the amount they wanted . Leeds Utd ? The owners sports TV company eleven sports was reported to be in financial trouble . if they get promoted to the premier league which is just about nailed on. now would be prime time to sell to the highest offer reported 3 interested party's from Qatar ,the owner of a Italian club and a US based leeds fan businessman Brentford ? wasn't there talk of a enquiry from the investors who bought us Derby county Owner will sell if the price is right according to media reports ,already rejected 50 million pound offer. though unlikely anybody is going to pay pre virus amounts for clubs as the whole landscape has probably changed. Sheff Wednesday Hasn't the owner said he would sell the club. Barnsley FC investors formed a private investment fund consortium and swooped in like vultures to take advantage of a distressed asset. hoping to make a nice profit for themselves. that's gone up in smoke now Hence Conway throwing teddy out of his pram and threatening to sue. to protect the investment fund(which is his job) ...not the club Hes the fund manager and will get a percentage of the sale profits. things to look forward to include a sale of as many of players as possible "to cover the virus costs" @Conway then a sale of the club with as much damage limitation to the investors as possible. they wont lose money as they haven't actually spent any and are paying themselves a wage. so will probably have got the club for not that much to themselves if it actually ends up costing them anything at all. i.e get a loan ,pay loan payments from money generated by club. they will still make a profit just not as much as initially thought for the top end of there projection forecasts basically the same blueprint of what they did at OCG Nice which other clubs ?
I would guess the Cardiff chairman has got this wrong. It will be way more than half so probably easier looking at which owners won't be willing to sell their club? No different to players, clubs are always available and talked about should a deal suit two parties.
Think you’re giving Conway a bit too much power TBH. He’s only a bit part player in the consortium, the only person who can force a sale is Chien. I also doubt Chien is taking a wage
They aren't being paid though are they. Or taking any money out of the club. Do we assume the rest is also BS?
The purchase price of 80% of the club was the repayment of £6.2m of personal loans from Patrick Cryne via Oakwell Holdings and £1m per year for 5 years. At the time of the purchase the cash on balance sheet was not far off the £5m figure so in effect the new investors purchased 80% for the repayment of the personal
