Why are we waiting?


Status
Not open for further replies.
Is that "other parties" in this particular deal? Can't decide whether you're suggesting the margins and degree of comfort are large or marginal

Degree of comfort we should have is high. These are people collectively willing to invest enough that they can make their decision today because they know that however big our problems, they can accommodate them. I was told by someone close to the deal that they're prepared to put in X millions (a general amount) to get us to where we should be. It's a lot of money.

Any billionaires on this consortium? (5th time of asking, and you dodging)

I know that wasn't aimed at me but all I can say is that being a single billionaire is irrelevant in a consortium, where the collective amount they are prepared to spend (regardless of their net wealth) is realistic and enough to get where they all agree they will make a profit.

And as we've seen, a lone billionaire in charge who isn't willing to put any money in is a terrible proposition too. Man City have spent about a billion in 10 years, so if you think anyone would be throwing that level of money at us, even collectively, then you're always going to be disappointed.

You shouldn't be though.

If it did we’d still have the debts cleared I’d assume, and offers would therefore come in so it wouldn’t be the end of the world.

Yeah I think that even if paying off the debt is tied to getting the deal done, and it isn't done until sold, it's reasonable to assume he's willing to commit that even if it wasn't Stewart Donald.

But again, we shouldn't worry overly on that point, it was literally described to me as a formality. Unless we're due to pay someone £100m next year (RODDERS? EVERTON? DAVE THE RAVE?) they're going in with their eyes open.
 
Last edited:
Degree of comfort we should have is high. These are people collectively willing to invest enough that they can make their decision today because they know that however big our problems, they can accommodate them. I was told by someone close to the deal that they're prepared to put in X millions (a general amount) to get us to where we should be. It's a lot of money.



I know that wasn't aimed at me but all I can say is that being a single billionaire is irrelevant in a consortium, where the collective amount they are prepared to spend (regardless of their net wealth) is realistic and enough to get where they all agree they will make a profit.

And as we've seen, a lone billionaire in charge who isn't willing to put any money in is a terrible proposition too. Man City have spent about a billion in 10 years, so if you think anyone would be throwing that level of money at us, even collectively, then you're always going to be disappointed.

You shouldn't be though.



Yeah I think that even if paying off the debt is tied to getting the deal done, and it isn't done until sold, it's reasonable to assume he's willing to commit that even if it wasn't Stewart Donald.

But again, we shouldn't worry overly on that point, it was literally described to me as a formality. Unless we're due to pay someone £100m next year (RODDERS? EVERTON? DAVE THE RAVE?) they're going in with their eyes open.
Any developments on the manager mate?
 
What. God you can tell the Mags are desperate to tick off a few boxes for their little grief-wank.

I am quoting Short literally releasing it to the press for months beforehand that he didn't want a fee for the club, hence 'unless that changed'. If he is selling it for a negligible amount, what does it matter to you? Or anyone except Short and the consortium, for that matter?

I don't hold a position in the bid myself, clearly. I have already said I won't elaborate on the role of the person involved, but they are high enough up to have considerable influence.

And as for due diligence needing to be done, glad we agree. I am saying it is in the process of being done. What is your point?



Yeah, agreed. As I said, I'm not privy to that and haven't asked as it's obviously sensitive to the parties until it's over the line.

This particular one is jumping from thread to thread desperately trying to find problems.

So obviously wants there to be hidden caveats with the sale, money owed to Short or other big debt and that the new owner has no back up.

He'll obviously deny that but, the fact remains, he has no point, he's just a bit sad.
 
I think mr kitten knows his onions mate thats why Im asking him. :) Doesnt mean he will tell me mind!
& neither should he tbh; it's not just us lot that use this board; a journo goldmine if you are digging for info I'd imagine. These things take time, especially with multiple backers = more checks. Our backers may not have billions to hand, but they are miles ahead of Short in the footballing financial game, in England.
 
Nothing more that I know beyond what I've said previously. Been told to had me pash until due diligence is done, but that I'll get more info once it is.
cheers mate appreciated. just desperate for good news!

& neither should he tbh; it's not just us lot that use this board; a journo goldmine if you are digging for info I'd imagine. These things take time, especially with multiple backers = more checks. Our backers may not have billions to hand, but they are miles ahead of Short in the footballing financial game, in England.
Aye appreciate that mate as I have said just desperate for any good news.

Fingers crossed.
 
They haven't.

They didn't need to agree on a price when that price is negligible. Short wasn't asking for cash up front. I agree with what you're saying, that it would have made sense to do it a different way, but for whatever reason, they've clearly felt it was in their interests to go public before that point.

If I was speculating (And some of my speculating posts have ended up regurgitated as fact on here so I'm loath to...) I'd guess they wanted to initiate the EFL process now and that Coleman being sacked before the last game of the season was financially the right move for all concerned, so they wanted to to that at the same time.

There's plenty of logical reason to do it this way if you scratch deeper, but I would guess the EFL process is the main one.

Sorry I’ve consumed a lot of alcohol in the sun this week, so I’m just trying to get my head around what you’re saying.

A deal has been agreed in principle between Donald’s consortium and Ellis Short.

Donald has requested permission from the EFL to complete his takeover

No due diligence has taken place although a deal has been struck, Donald is 8 days into looking at the books.


Waiter, 3 large whiskeys please.
 
I'm quite chilled by it all. If it falls through a) there were others upset they lost who can swoop b) Ellis has shown his hand clearing debts and Donald described it as a spectacular deal.
Therefore others will be alerted to it now who wouldn't have gone near it previously.

The only real issue is time ticking on for getting players but I'm sure the 3 or 4 favourites (managers) will already be thinking about it and have a list already drafted.
If one has already been told then they will almost certainly have someone making calls.
 
Degree of comfort we should have is high. These are people collectively willing to invest enough that they can make their decision today because they know that however big our problems, they can accommodate them. I was told by someone close to the deal that they're prepared to put in X millions (a general amount) to get us to where we should be. It's a lot of money.



I know that wasn't aimed at me but all I can say is that being a single billionaire is irrelevant in a consortium, where the collective amount they are prepared to spend (regardless of their net wealth) is realistic and enough to get where they all agree they will make a profit.

And as we've seen, a lone billionaire in charge who isn't willing to put any money in is a terrible proposition too. Man City have spent about a billion in 10 years, so if you think anyone would be throwing that level of money at us, even collectively, then you're always going to be disappointed.

You shouldn't be though.



Yeah I think that even if paying off the debt is tied to getting the deal done, and it isn't done until sold, it's reasonable to assume he's willing to commit that even if it wasn't Stewart Donald.

But again, we shouldn't worry overly on that point, it was literally described to me as a formality. Unless we're due to pay someone £100m next year (RODDERS? EVERTON? DAVE THE RAVE?) they're going in with their eyes open.

For once I am seriously ITK although I've posted a few accurate finance related stories previously. By chance I've developed a friendship with someone high up in corporate banking, through work, who has told me all and more of what you've posted. It's quite funny to see you dancing around the various issues and obviously wanting to give more information.
I'm sadly bound by a 'gentleman's agreement' not to repeat anything so I can't join in the fun. One thing I can say is that the due diligence issue isn't an issue at all. It appears Short allowed various parties access to the SAFC accounts quite some time ago, before any of this was revealed ... they're clean. The other thing I can say is that I'm actually amazed at this opportunity for the club, if it all goes ahead this will be a very interesting time for the supporters. I'd absolutely love to start a thread on this ;)
 
Last edited by a moderator:
For once I am seriously ITK although I've posted a few accurate finance related stories previously. By chance I've developed a friendship with someone high up in corporate banking, through work, who has told me all and more of what you've posted. It's quite funny to see you dancing around the various issues and obviously wanting to give more information.
I'm sadly bound by a 'gentleman's agreement' not to repeat anything so I can't join in the fun. One thing I can say is that the due diligence issue isn't an issue at all. It appears Short allowed various parties access to the SAFC accounts quite some time ago, before any of this was revealed ... they're clean. The other thing I can say is that I'm actually amazed at this opportunity for the club, if it all goes ahead this will be a very interesting time for the supporters. I'd absolutely love to start a thread on this ;)
:lol: Oh... I almost forgot 'gerrin'
 
Last edited:
For once I am seriously ITK although I've posted a few accurate finance related stories previously. By chance I've developed a friendship with someone high up in corporate banking, through work, who has told me all and more of what you've posted. It's quite funny to see you dancing around the various issues and obviously wanting to give more information.
I'm sadly bound by a 'gentleman's agreement' not to repeat anything so I can't join in the fun. One thing I can say is that the due diligence issue isn't an issue at all. It appears Short allowed various parties access to the SAFC accounts quite some time ago, before any of this was revealed ... they're clean. The other thing I can say is that I'm actually amazed at this opportunity for the club, if it all goes ahead this will be a very interesting time for the supporters. I'd absolutely love to start a thread on this ;)

Indeed he did.
 
Status
Not open for further replies.

Back
Top