chilledbear 16 Posted February 2, 2010 Share Posted February 2, 2010 Taken from FF It was me who posted way back in October about the consortium and I have been confident ever since My stance on this hasn't changed - the information is coming from a positive source which has been verified by Admin I do expect the consortium to move now with a second offer pretty quickly It has been somewhat delayed by the non committal of a certain member of the consortium who I believe is now out of the picture - (Take a guess at who that is ) I also think they would be better coming clean to the support to galvanise our attention but obviously there is not a lot we can do about that, I also don't blame people for not trusting them either - thats the price you pay for playing it that way I suppose There has also been a lot said about capital and fan investment - as I understand it they have more than enough capital and the plan is for future fan investment once the club is stabilised and away from MIH which is the must at the moment I can't name the consortium but it isn't hard to guess as I have said previously I am still confident and I would be extremely disappointed if after one bid they don't follow it through If anyone has any questions I will try and answer best I can - bear in mind I want this to happen as much as you and I am only trying to give you all the best info I have 0 Quote Link to post Share on other sites More sharing options...
Super_Ally 0 Posted February 2, 2010 Share Posted February 2, 2010 Who posted this? And is it King who stepped away? 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 2, 2010 Author Share Posted February 2, 2010 Who posted this? And is it King who stepped away? No idea who stepped away, King..Duffy?? Perhaps Frankie knows the poster and is sources. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,675 Posted February 2, 2010 Share Posted February 2, 2010 This was posted by the user sccgers on FF who usually is pretty accurate on this kind of thing. All interesting information which is useful but I'm sure he'd agree this information would be better appreciated coming from the consortium itself. I wouldn't expect the second bid to realise a sale at this stage unfortunately. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 2, 2010 Author Share Posted February 2, 2010 Talking about a bid of �£21/�£22m. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted February 2, 2010 Share Posted February 2, 2010 given the fact that the CL money from this season has not been taken into account in the clubs finances would it not be better for any consortium to wait untill that cash is actually in the clubs/ banks (delete where applicable) hands. At the moment were 31 mill in debt. say for talks sake we get 10 mill from the CL then that takes the debt down to 21 mill. Im not as astute as others are when it comes to the clubs finances but i really cant see the bank walking away from the club knowing that sort of revenue is comming in. So i dont expect any takeover bid to happen untill the CL money has been paid out. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,675 Posted February 2, 2010 Share Posted February 2, 2010 Yip, �£22million which is possibly around where the debt is right now given the CL money, player sales and wage savings... Don't think that will be enough with the club still in with a good chance of winning the SPL and season ticket money about to come in. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,675 Posted February 2, 2010 Share Posted February 2, 2010 So i dont expect any takeover bid to happen untill the CL money has been paid out. IIRC, this money is paid in stages so some - if not all - will already have been received. 0 Quote Link to post Share on other sites More sharing options...
Super_Ally 0 Posted February 2, 2010 Share Posted February 2, 2010 IIRC, this money is paid in stages so some - if not all - will already have been received. But not accounted for in public til the yearly accounts are released? Or am I failing miserably to understand the finanical aspect again? Therefore the bank should accept around �£21mil for the club? No? 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 2, 2010 Author Share Posted February 2, 2010 Also the Mendes �£1m straight to the bank. 0 Quote Link to post Share on other sites More sharing options...
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