JERUDONG No.10
Striker
But we didn’t need investment until we got into the Championship....
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Significant investment by FPP has been made
- Thread starter Reptilia
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Cuban Pete
Goalkeeper
This looks like it's become a hedge for FPP. They were put off the full takeover for some reason (on-field performance at a a guess) but we still fit the bill for their soccer master plan. There's a shortage of clubs matching their blueprint and they want to protect themselves against losing us to another buyer. So they put a small amount of cash in the form of a convertible loan, allowing them them some level of control over the club's equity without entering the share register. This allows them to keep looking at other clubs without facing any dual ownership issues and adds a level of complication to anyone else looking at buying us.
johnny kayo
Striker
We’ll have a sound system to rival the one at the new monkey, Get the Rave On, happy days
Comeback_Kenwyne
Striker
Aye man, but the f***ing lift! It should be f***ing pennies to a multi-million pound business.
I think you are right about the reason for a full takeover not happening due to the actual football side of things. I guess they would have been expecting us to have quickly been in the top 2 from the start of the season. Investing something now to keep their hand in sounds like what it is. We go up I then expect a full takeover.
Precisely, as it stands it’s more a cash flow issue unless FFP are going to invest more in the future or this investment propels us upwards.
Worst case it doesn’t work, the club have increased running costs and the owners have to find £10m to pay back the loan.
i struggle to see the sense of them investing in this way if they aren’t t least considering investing further but I have no clue really.
Guinness Guzzler
Striker
You and me both mate! I don't see why they'd give a loan without intending to be shareholders/ owners later, but god knows what the arrangement is. Maybe it's guaranteed that they convert it to shares after x amount of time. If we're in the league above they get less % of the club with their £10m, if we're still here it gets them virtually the whole thing. But on the other hand maybe it's a case of they're only interested if we get up and if we don't manage it and finances deteriorate they just want to walk away with their loan repaid (with interest). Hopefully it'll all work out!
Rogue Badger
Midfield
I agree. Not fixing a lift is piss poor. Especially when you consider the number of injured players who occupy the place at any one time.
The sound system does seem like the kind of nice to have investment the money has been earmarked for.
Cuban Pete
Goalkeeper
Agreed, but we're probably stuffed if they find someone better in the meantime.
Northumberland Rocks
Striker
Well he should just we have loads of money to spend on players in January eh?
Some on here if they are genuine SAFC supporters really need to wake up.
Confucius
Striker
haway marra, he hasn't just made an unserviceable lift scenario up so other clubs don't take us to the cleaners on fees. Whichever way you look at it, what he has said is embarrassing in the extreme. What CM has said is feeding the fires of those that are calling them small time. Christ man we have went cap in hand to some of the richest blokes on the planet in the hope that they takeover, only to say "oh by the way, we have to take the stairs, the lift has been out of order and we cant afford to fix it". What must these blokes be thinking, it feels like they are giving us handouts from the soup kitchen
GK
Striker
You would have through what?
His exact words were
"The money will be used largely to improve various things around the club. Some of it might sound very uninteresting, but we believe they're important. Fixing the speakers at the Stadium of Light, for example, or the lift at the Academy of Light is broken and needs fixing. These are quite significant payments to make, and this new investment will help that"
If, when he said "fixing the speakers" he didn't mean fixing the speakers, what did he mean?
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seanwharton
Guest
No what he’s doing is making it clear there won’t be.
ironman
Midfield
If this lot need funds to fix speakers and a lift god help us
Grumpy Old Man
Striker
They're actually talking about replacing the entire PA system, but never mind. Bear in mind, this wasn't an interview; they're phrases lifted from the talk-in; it's entirely possible that Charlie was simply giving example. I have no doubt that the Chronicle's quotes are, as usual, selective, out of context, and designed to present both club and owners in the worst possible light.
ironman
Midfield
Well they haven't exactly been beacon of light and have lately not given us any confidence for example the Managerial appointment giving Coton money for the scouting network.
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seanwharton
Guest
Thankfully it’s the whole system . Hope they are fixing the whole lift as well! On a serious note how could that quote be out of context ?
Northumberland Rocks
Striker
Lets just see what happens eh?
Grumpy Old Man
Striker
We don't know the question put to which that was part of the answer. We don't know the whole of the answer. We know nothing of Methven's tone of voice or body language in the course of the answer. We just have two bare sentences. There's bugger all context at all. I've met Charlie often enough to believe that he's not in the business of telling outright lies. He will be giving incomplete information though. To be fair, only a total idiot would do otherwise.
The Jarra Wanderer
Striker
Do you have leisure slacks envy?
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