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Takeover News/Rumours

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prehab26 said:
Just try to relax. Covid has screwed most things up.

As those know on here, Mrs P had bad news and then she got mate redundant (poor show from previous employer). Was worrying times but she got offered a job for the NHS today so is made up. As am I.

Just need this bastard deal to go through now!
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Glad you and your family have had some positive news there. Hope the new job works out well.
 

The Cabbage said:
Don't get me wrong I want him gone. However, if he is no longer chairman, and no longer has the whip hand on decision making as a minor shareholder, I'll grudgingly accept that. It is scarecely believable how bad his decision-making as owner and chairman has been. SAFC fans get bent out of shape about the parachute payments and his bad communication. The real damage has been done by the countless awful decisions he has taken, the way he has tried to shape the club. That is what has set us back a decade.
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I can see some people still staying away if he continues to hang around after a sale (whenever that might be). Perhaps a thousand or two fans would feel strongly enough about it. If that happened it will naturally cost the Club some of its income.

I wonder if a prospective buyer would raise that as an issue if Donald does try continue his association with SAFC after selling over all control. It seems to me there would be good cause to say that if he stays the Club would certainly not be able to realise its full potential in gate receipts.
 
Papa Smurf said:
It would be quicker and less painful just to go into administration , make up the 12 point deduction than waiting for Donald to stop acting like petulant self entitled brat and sell the club. I think if somebody offered me that at this moment in time I’d take it just to get rid of him. Let’s face it we will most likely take up residency in league 1 for the foreseeable future under his stewardship.
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I don't like Donald and it's well known what my thoughts are about his financial management of us and how his deal has fucked us over, but what is it about this process that makes you think the fault is Donald being petulant?

The simple reality is that it has always been a long shot for Furhman to be the majority owner because of how he has done business with us in the past. I know I'm a broken record but the only way it happens is if emotion trumps reason, because there are at least 5-6 good logical reasons why he specifically wouldn't be likely to do that.

So blaming Donald for being petulant is just lashing out. The bids have to exist for him to sell, and for all we know, it could well be about to happen with someone else, or someone else may be holding it up. The idea that FPP made a bid to buy us was always bollocks. They may have been interested in a potential deal at the start, but they offered a loan, not a majority stake. You can't force someone to accept something that doesn't exist.
 
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KittenMittens said:
I don't like Donald and it's well known what my thoughts are about his financial management of us and how his deal has fucked us over, but what is it about this process that makes you think the fault is Donald being petulant?

The simple reality is that it has always been a long shot for Furhman to be the majority owner because of how he has done business with us in the past. I know I'm a broken record but the only way it happens is if emotion trumps reason, because there are at least 5-6 good logical reasons why he specifically wouldn't be likely to do that.

So blaming Donald for being petulant is just lashing out. The bids have to exist for him to sell, and for all we know, it could well be about to happen with someone else, or someone else may be holding it up. The idea that FPP made a bid to buy us was always bollocks. They may have been interested in a potential deal at the start, but they offered a loan, not a majority stake. You can't force someone to accept something that doesn't exist.
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That’s why CM told ALS and Donald told a talk in at Consett I think it was that FPP we’re taking over 😳
 
Red and white TID said:
That’s why CM told ALS and Donald told a talk in at Consett I think it was that FPP we’re taking over 😳
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Yeah, and he was wrong. Sadly the overwhelming evidence is that he expected them to make a bid, and after doing DD, they didn't. He seems to have been rocked by this and actually sacked the day it became public information that they wouldn't take over. Coincidence? I'd guess not.

hertsmackem said:
why are your posts always so long? 😉
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I apologise for keeping you from whatever you were going to do with the 30 seconds it took you to read 3 paragaraphs.
 
The next owners of this football club, whoever and whenever they/that may be, must not, if they are credible, countenance the continued stay of Stewart Donald in any capacity.

He has overseen the football club at its lowest ebb and has ravaged our youth system and first class academy in the process. The management of the first team has been shambolic and he has failed on every level, saddling the club with a striker and the wages he receives for nothing other than satisfaction of his personal ego.

He should never ever have been here, we have Ellis Short to thank for that. Maybe he was a frontman for people the EFL would not find palatable, ultimately, he carries the can and his tenure will be looked upon with disdain.

Horrendous. Then think of his sidekick Methven, Jesus H.
 
KittenMittens said:
Yeah, and he was wrong. Sadly the overwhelming evidence is that he expected them to make a bid, and after doing DD, they didn't. He seems to have been rocked by this and actually sacked the day it became public information that they wouldn't take over. Coincidence? I'd guess not.



I apologise for keeping you from whatever you were going to do with the 30 seconds it took you to read 3 paragaraphs.
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Apology accepted
 
KittenMittens said:
Yeah, and he was wrong. Sadly the overwhelming evidence is that he expected them to make a bid, and after doing DD, they didn't. He seems to have been rocked by this and actually sacked the day it became public information that they wouldn't take over. Coincidence? I'd guess not.



I apologise for keeping you from whatever you were going to do with the 30 seconds it took you to read 3 paragaraphs.
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Or maybe more likely FPP came back with a bid that was less than Donald was willing to accept, Donald then turns it down.
As both CM and SD seemed certain it was happening at one stage, hence ALS T-Shirts.
 
Red and white TID said:
Or maybe more likely FPP came back with a bid that was less than Donald was willing to accept, Donald then turns it down.
As both CM and SD seemed certain it was happening at one stage, hence ALS T-Shirts.
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Or Donald accepted it and then thought he could do better, so to keep them in the game they put a loan in place at advantageous rates, which also stops him doing what a good asset stripper would with our assets?
 
The Cabbage said:
Don't get me wrong I want him gone. However, if he is no longer chairman, and no longer has the whip hand on decision making as a minor shareholder, I'll grudgingly accept that. It is scarecely believable how bad his decision-making as owner and chairman has been. SAFC fans get bent out of shape about the parachute payments and his bad communication. The real damage has been done by the countless awful decisions he has taken, the way he has tried to shape the club. That is what has set us back a decade.
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I would argue that the most important decision the chairman makes is the appointment of the manager. Would you say Ross's appointment was "awful"? What about PP; too early to say?
 
Red and white TID said:
Or maybe more likely FPP came back with a bid that was less than Donald was willing to accept, Donald then turns it down.
As both CM and SD seemed certain it was happening at one stage, hence ALS T-Shirts.
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roppa said:
Or Donald accepted it and then thought he could do better, so to keep them in the game they put a loan in place at advantageous rates, which also stops him doing what a good asset stripper would with our assets?
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It looks a lot like this loan was their decision, not Donald's and the chat about Donald changing the terms at the last minute is likely just an excuse from ITK's for the fact that they had no knowledge that the 'deal' had become a loan.

The problem with the idea of FPP as master manipulators of Donald, trying to squeeze him out and take over by force, is that it's a wet and passive attempt that has very little hope of success. Unless this is Furhman doing it now (let's hope), they have not even been actively trying to buy us in the last 12 months despite him floundering quite publicly. What kind of plan is this? Watch Donald twist for a few years and be saddled with an asset devalued to a terrible degree, just to annoy a guy for allegedly dicking you around? The idea that Furhman or anyone of his magnitude would be involved in such a childish idea of business scheming for a £40m deal is pure unadulterated Gordon Gekko style fantasy.

Their loan is just that though yes @roppa . It's secured, and like any secured loan, they have protection over what else you can secure against it. It seems it was genuinely a credit facility for Donald. Basically despite what everyone said, it turns out MSD/FPP really are in the business of loaning money to football club owners...
 
seggaman said:
I would argue that the most important decision the chairman makes is the appointment of the manager. Would you say Ross's appointment was "awful"? What about PP; too early to say?
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Disagree. He could have appointed guardiola and we’d still be shit thanks to the countless other decisions he’s made. Manager is fighting a losing battle. Academy down to bare bones. Scouts all sacked. Club is fucked under him.
 
The Cabbage said:
If you don’t think that Donald is capable of getting us out of the league (and I have severe doubts myself) it’s a reasonable position to take tbh. The consequences of Donald still being here next summer and us still being in league one are absolutely catastrophic. Just about the only player still in contract after next July is Will Grigg. We’re absolutely on a knife edge to oblivion and Donald is the worst owner in our history. Entirely understandable that drastic measures begin to look like the only option.
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It's not the owner who gets us out of the league, it's down to the manager and players,, our squad is good enough to challenge at the top of this league.
 
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