David Smith you keep trotting out 'directors loans' and you are close to the club so can you add some meat to the bone? They are a spiv legacy. RD didn't need free title to run the club and he has said the price is agreed. They are not payable until the Prem. Given a five (probably now six) year plan to get to the Prem, Brexit interest rises would put the cost to Muir of redeeming debentues at about £2m. Why would they do that?
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Not sure it’s fair to blame me for that!
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
Once the Aussies turned up in the Directors Box wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact we are 8 days away from the start of the season and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but it is normal to be fed up when we have had 4 and a half years of this nonsense
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Not sure it’s fair to blame me for that!
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
Once the Aussies turned up in the Directors Box wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact we are 8 days away from the start of the season and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but it is normal to be fed up when we have had 4 and a half years of this nonsense
I'm as fed up as anyone, maybe more. They must have been pretty sure it was about to happen, to pull that stunt. Would love to know what derailled the sale at that time.
50 + years 45of mainly kak but this shit is right up there with the worst bollox we have had to put up with. It's not like we are use to success is it !! And transfer periods are always shit for CAFC.
"2 tough weeks but it will be worth it" ------- nah I DONT FUCKING BELIEVE IT !!
What's surprising me is that DD was done last year, the price agreed in Feb and the deal still hadn't been done. The price may well be too high but unless DD wasn't done last year, the Aussies have dropped the offer or the EFL have not approved, what else can possibly be holding things up? Is RD to blame as he is asking too much or the Aussies to blame for either lowering price or not being fit and proper or DD not done previously so a combination of both?
I thought you knew. A few months ago you seemed to have all the answers but recently have gone rather quiet. Is RD/RM not feeding you their side anymore ?
FWIW I have no idea & don't know anyone in the loop or ITK. All I do know is that Muir & GM turned up at the play off games is if it was all done & dusted. That was almost 3 months ago. If the delay is down to 1 or 2 investors failing the fit & proper test (which is usually down to having an interest in another club) then surely they must have known this from the start & are naive at best or chancers at worst.....or were deceived by the investors which puts into question their judgement or their own DD. If the delay is down to them wanting clean title & making RD pay the ex-directors then I personally feel that they know the cost of something but the value of nothing....and has already made me think twice about them. The season is almost upon us & our squad is worst than last season. They could easily have rectified that by acting sooner. imo they should have bought the club & then settled the ex director loans at a later date (if they wanted to.....no-one is making them). And if they want clean title so that they can borrow against the club then what does that say about theit intentions or their working capital going forward.
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
What's surprising me is that DD was done last year, the price agreed in Feb and the deal still hadn't been done. The price may well be too high but unless DD wasn't done last year, the Aussies have dropped the offer or the EFL have not approved, what else can possibly be holding things up? Is RD to blame as he is asking too much or the Aussies to blame for either lowering price or not being fit and proper or DD not done previously so a combination of both?
I thought you knew. A few months ago you seemed to have all the answers but recently have gone rather quiet. Is RD/RM not feeding you their side anymore ?
FWIW I have no idea & don't know anyone in the loop or ITK. All I do know is that Muir & GM turned up at the play off games is if it was all done & dusted. That was almost 3 months ago. If the delay is down to 1 or 2 investors failing the fit & proper test (which is usually down to having an interest in another club) then surely they must have known this from the start & are naive at best or chancers at worst.....or were deceived by the investors which puts into question their judgement or their own DD. If the delay is down to them wanting clean title & making RD pay the ex-directors then I personally feel that they know the cost of something but the value of nothing....and has already made me think twice about them. The season is almost upon us & our squad is worst than last season. They could easily have rectified that by acting sooner. imo they should have bought the club & then settled the ex director loans at a later date (if they wanted to.....no-one is making them). And if they want clean title so that they can borrow against the club then what does that say about theit intentions or their working capital going forward.
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
If the Aussies buy us, great, if not, don’t care anymore.
If they don’t buy us, I hope Roland racks up losses so badly that he is left with no option but to slash the price drastically and a mega rich buyer takes advantage.
I then hope all of Roland’s other businesses fail and he is left virtually penniless and is forced to live in his own hotel which, by all accounts has received terrible reviews on Trip advisor.
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
Golfie, Iborg can you add any logic to your regurgitated assertions. And is it FPPT or Director's loans? Choose one and give us your reasoning or stop clogging up this thread.
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Not sure it’s fair to blame me for that!
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
Once the Aussies turned up in the Directors Box wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact we are 8 days away from the start of the season and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but it is normal to be fed up when we have had 4 and a half years of this nonsense
I'm as fed up as anyone, maybe more. They must have been pretty sure it was about to happen, to pull that stunt. Would love to know what derailled the sale at that time.
I don't understand why 1 supporter would feel more fed up than the rest of us
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Not sure it’s fair to blame me for that!
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
Once the Aussies turned up in the Directors Box wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact we are 8 days away from the start of the season and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but it is normal to be fed up when we have had 4 and a half years of this nonsense
I'm as fed up as anyone, maybe more. They must have been pretty sure it was about to happen, to pull that stunt. Would love to know what derailled the sale at that time.
I don't understand why 1 supporter would feel more fed up than the rest of us
Because it's a mate involved, and plus I get stick (understandably) about the delays? But I did say maybe.
a watched kettle doesn’t boil...or some bollocks along those lines...there’s plenty of other things to worry about without stressing on the Aussies any longer and, on the bright side, tonight’s sub-standard reckons bowyer will be made permanent manager if the takeover doesn’t go ahead this week and I’d like to see him in the role this coming season. Onwards and upwards
Golfie, Iborg can you add any logic to your regurgitated assertions. And is it FPPT or Director's loans? Choose one and give us your reasoning or stop clogging up this thread.
Golfie, Iborg can you add any logic to your regurgitated assertions. And is it FPPT or Director's loans? Choose one and give us your reasoning or stop clogging up this thread.
sorry, I haven't a scooby what you're on about. We know that the EFL weren't happy with at least 1 potential investor & that the Aussies are now in the process of submitting more paperwork (De Leuvin said this so must be true). Generally the only reason you are knocked back by the EFL is if you have your fingers in other pies or are a shady Italian (Leeds owner).
We also know that RD has been selling players for upfront money now & had approached the ex-directors for a deal.
Not sure what else I need to clarify. Didn't think I had to jusify my thoughts or choose which scenario is holding things up. Might be neither & might be something else....as I said, I'm not ITK. Just trying to fit pieces together from the little information we have.
As for clogging up this thread......there have been pages & pages of fish puns which have really got my goat so for someone to call me out when I simply post my thoughts on it all.......jeez.
Golfie, Iborg can you add any logic to your regurgitated assertions. And is it FPPT or Director's loans? Choose one and give us your reasoning or stop clogging up this thread.
sorry, I haven't a scooby what you're on about. We know that the EFL weren't happy with at least 1 potential investor & that the Aussies are now in the process of submitting more paperwork (De Leuvin said this so must be true). Generally the only reason you are knocked back by the EFL is if you have your fingers in other pies or are a shady Italian (Leeds owner).
We also know that RD has been selling players for upfront money now & had approached the ex-directors for a deal.
Not sure what else I need to clarify. Didn't think I had to jusify my thoughts or choose which scenario is holding things up. Might be neither & might be something else....as I said, I'm not ITK. Just trying to fit pieces together from the little information we have.
As for clogging up this thread......there have been pages & pages of fish puns which have really got my goat so for someone to call me out when I simply post my thoughts on it all.......jeez.
Dont worry - all anyone can do at the moment is mullet over. We won't dolphinetely know anything until it's on the offishal site.
Maybe Golfie can get one of his clients to invest in this business plan of the Aussies , to fill the gap , seeing as some think it should be easy to get people to put money in to our loss making club and are very willing to dismiss them cos they won’t chuck another £7m away here or there . Are we one of your recommendations Golfie ?
Comments
They are down to Duchatelet.
The fact we are 8 days away from the start of the season and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but it is normal to be fed up when we have had 4 and a half years of this nonsense
It's not like we are use to success is it !! And transfer periods are always shit for CAFC.
"2 tough weeks but it will be worth it" ------- nah I DONT FUCKING BELIEVE IT !!
FWIW I have no idea & don't know anyone in the loop or ITK. All I do know is that Muir & GM turned up at the play off games is if it was all done & dusted. That was almost 3 months ago. If the delay is down to 1 or 2 investors failing the fit & proper test (which is usually down to having an interest in another club) then surely they must have known this from the start & are naive at best or chancers at worst.....or were deceived by the investors which puts into question their judgement or their own DD. If the delay is down to them wanting clean title & making RD pay the ex-directors then I personally feel that they know the cost of something but the value of nothing....and has already made me think twice about them. The season is almost upon us & our squad is worst than last season. They could easily have rectified that by acting sooner. imo they should have bought the club & then settled the ex director loans at a later date (if they wanted to.....no-one is making them). And if they want clean title so that they can borrow against the club then what does that say about theit intentions or their working capital going forward.
It's obviously the contingent liability of the boiler installation for the undersoil heating and Roland won't pay for it.
If they don’t buy us, I hope Roland racks up losses so badly that he is left with no option but to slash the price drastically and a mega rich buyer takes advantage.
I then hope all of Roland’s other businesses fail and he is left virtually penniless and is forced to live in his own hotel which, by all accounts has received terrible reviews on Trip advisor.
We also know that RD has been selling players for upfront money now & had approached the ex-directors for a deal.
Not sure what else I need to clarify. Didn't think I had to jusify my thoughts or choose which scenario is holding things up. Might be neither & might be something else....as I said, I'm not ITK. Just trying to fit pieces together from the little information we have.
As for clogging up this thread......there have been pages & pages of fish puns which have really got my goat so for someone to call me out when I simply post my thoughts on it all.......jeez.
Are we one of your recommendations Golfie ?