Cats, pigeons and Teacher's....

Log in to stop seeing adverts
This page may contain links to companies such as eBay and Amazon. As an affiliate of these sites I may earn commission if you click the link and make a purchase

Status
Not open for further replies.
Melton Fox said:
I'm glad you did, I feel a stronger bond between us growing all the time, we understand each other and that means a lot to me, and I hope to you too, the others are just that, others, they'll never understand what we have to go through :icon_wink
Click to expand...

Hopefully and thankfully. :icon_conf :icon_conf
 
Durham Fox said:
Initial deal - MM offers a guaranteed 75p in the pound with another 25p based on the clubs performance over a given time.

MM inspects clubs books spending nearly £250k

MM reduces offer to 25p in the pound, has a major bust up with the board and doesnt show for the Barnsley game.
Click to expand...

fecking hell............ sounds really bad, but if I was a shareholder and things were that bad, you snatch the money and run...

Been lurking in the shadowy world again Duzza? Men in long raincoats, trilby hats pulled over the face and chain smoking in dark corners of supermarket carparks, whilst constantly looking over their shoulders?
 
Durham Fox said:
Initial deal - MM offers a guaranteed 75p in the pound with another 25p based on the clubs performance over a given time.

MM inspects clubs books spending nearly £250k

MM reduces offer to 25p in the pound, has a major bust up with the board and doesnt show for the Barnsley game.
Click to expand...

If there is something the books that makes uncomfortable reading it might be a blessing in disguise. One it would also be visible to another takeover bid and so might focus some shareholders minds. Secondly it means that perhaps the Club is not worth as much as some might think and that might also focus some minds. ;)
 
If MM has turned round and offered that then there must be something seriously wrong behind the doors to the Walkers. I can't see him making a reduced bid if there was nothing wrong. Perhaps he can see that there will be a £3/4 million hole in this years finances that needs plugging! It would not surprise me in the slightest if that was the case.
 
drew said:
If MM has turned round and offered that then there must be something seriously wrong behind the doors to the Walkers. I can't see him making a reduced bid if there was nothing wrong.
Click to expand...

Really? You don't think that paying £1.5 million looks more attractive to him than paying £4.5 million?

And then, just to help things along, there's new stories floated linking him to Wolves and Cardiff. Just seems a simple game to lever the price down as much as possible.
 
Of course it is, but if it means he has to balance the books to the tune of £2/3 million hes £7.5 million in before he knows it. That seriously limits funds available for transfers.

I am in no doubt that MM is playing games but sadly i lost all faith in the current board a year or two ago. The sale of Connolly meant there was a trading profit. We haven't had a sale yet and will be on target for an operating loss.
 
drew said:
Of course it is, but if it means he has to balance the books to the tune of £2/3 million hes £7.5 million in before he knows it. That seriously limits funds available for transfers.

I am in no doubt that MM is playing games but sadly i lost all faith in the current board a year or two ago. The sale of Connolly meant there was a trading profit. We haven't had a sale yet and will be on target for an operating loss.
Click to expand...

That's fair enough - but none of that is hidden and I'd guess a number of people have realised that shortfall is coming already (the PL parachute payments are well publicised and, if nothing else, there was discussion of what that meant for LCFC here, there and everywhere else when the annual report was published).

The Teacher's deal is the most obvious potential problem - there could be a limit on how much debt is allowed to accrue. Which would force MM to delivering a £25 million investment, like it or not.
 
Durham Fox said:
Initial deal - MM offers a guaranteed 75p in the pound with another 25p based on the clubs performance over a given time.

MM inspects clubs books spending nearly £250k

MM reduces offer to 25p in the pound, has a major bust up with the board and doesnt show for the Barnsley game.
Click to expand...

if this is true then FT saying its not about value of shares have said a lie. Of course it may not be true. I hope it isnt true as I cant see our board accepting the offer.

Out of interest isnt it the boards duty to pass 'all' offers to rest of shareholders?
 
drew said:
Of course it is, but if it means he has to balance the books to the tune of £2/3 million hes £7.5 million in before he knows it. That seriously limits funds available for transfers.

I am in no doubt that MM is playing games but sadly i lost all faith in the current board a year or two ago. The sale of Connolly meant there was a trading profit. We haven't had a sale yet and will be on target for an operating loss.
Click to expand...

what was it 2mill for connoly and 7mill sky money?

so where is this missing 9 million this year people?

I still wonder how people can expect a liability to gain full price on sale.
 
Chrysalis said:
what was it 2mill for connoly and 7mill sky money?

so where is this missing 9 million this year people?

I still wonder how people can expect a liability to gain full price on sale.
Click to expand...

There was plenty said by the club and discussed on here about budgeting for the shortfall - which would be less than you quote. Since then, however it has been public knowledge for some time that lower than budgeted gate receipts have been pushing towards a shortfall.

What do you mean by " full price" ? No such thing - price is a matter of perception, a balance between what a buyer wants to pay and a seller wants to receive. That is what has, presumably, been under discussion.
 
OldGit said:
There was plenty said by the club and discussed on here about budgeting for the shortfall - which would be less than you quote. Since then, however it has been public knowledge for some time that lower than budgeted gate receipts have been pushing towards a shortfall.

What do you mean by " full price" ? No such thing - price is a matter of perception, a balance between what a buyer wants to pay and a seller wants to receive. That is what has, presumably, been under discussion.
Click to expand...

He means gaining back what they paid for the shares in the first place as "full price"
 
DesertFox said:
Yes, I think it is. Do you know of any offers they haven't told shareholders about, then? :102:
Click to expand...
The board have said publicly, and I think the FT have even said that if an offer is considered to be not good enough, the board won't put it to the shareholders.
 
Melton Fox said:
The board have said publicly, and I think the FT have even said that if an offer is considered to be not good enough, the board won't put it to the shareholders.
Click to expand...
Thought it was the case that they HAVE to put it to the shareholders, but if it was a crap bid they wouldn't "recommend" it :102:
 
DesertFox said:
Thought it was the case that they HAVE to put it to the shareholders, but if it was a crap bid they wouldn't "recommend" it :102:
Click to expand...
I'm too lazy to look through the posts, but I'm sure on here the FT have said that it defo won't even get put forward
 
Status
Not open for further replies.
Log in to stop seeing adverts

P Pld Pts
1Liverpool2150
2Arsenal2244
3Nottm F2244
4Chelsea2240
5Manchester C  2238
6Newcastle2238
7Bournemouth2237
8Aston Villa2236
9Brighton2234
10Fulham2233
11Brentford2228
12Palace2227
13Manchester U2226
14West Ham2226
15Tottenham 2224
16Everton2120
17Wolves2216
18Ipswich2216
19Leicester2214
20Southampton226

Latest posts

Back
Top