So, if they don't purchase the club in June and we roll over into July without any notable player purchases...... can we panic ?
Why wait until summer.............I am already panicking
Absolutely no reason to panic gents, if the June deadline approaches and there is no evidence The Valley and all the assets have been purchased Matt Southall will post a picture of a kitten on Instagram and His Excellency will update us all where he is in the world.
Numerous fans will call both actions "class" and we can all move on with our lives
How much do the owners of the CAFC Company have to pay for use of the Valley and Training Ground? There must be some sort of rental figure agreed, and, I would have thought, an obligation to keep both in good condition. The pitch at the Valley seems to be deteriorating too: who is liable for the cost of renewing it?
I can see a scenario in which the team get relegated and the owners of the CAFC Company can't afford to maintain these arrangements. (And can't get other "investors" sufficiently interested to pick up the slack). What then? Ground share elsewhere...?
I can't help but feel that all of this is Matt Southall's 'dream' of being the owner & chairman of a football club. He has 'sold' the idea to business partner, friend and confidant (Nimer) on the basis that he could, with a 5 year plan, turn a decent profit (bit like the spivs did with Kevin Cash). If it all starts to 'come apart at the seams' then we could be in trouble again. People keep saying that "Nimer is loaded" ... well (a) we don't know that for sure and (b) even if he is loaded then it doesn't mean he will spend any of it on the club. The entity that 'owns' us is called East Street Investments (and you don't invest to throw away your own money). I agree with all those saying lets give ESI more time and see what happens in June/July but I do think there is a lot of risk in there.
I can't help but feel that all of this is Matt Southall's 'dream' of being the owner & chairman of a football club. He has 'sold' the idea to business partner, friend and confidant (Nimer) on the basis that he could, with a 5 year plan, turn a decent profit (bit like the spivs did with Kevin Cash). If it all starts to 'come apart at the seams' then we could be in trouble again. People keep saying that "Nimer is loaded" ... well (a) we don't know that for sure and (b) even if he is loaded then it doesn't mean he will spend any of it on the club. The entity that 'owns' us is called East Street Investments (and you don't invest to throw away your own money). I agree with all those saying lets give ESI more time and see what happens in June/July but I do think there is a lot of risk in there.
Exactly, although I think things may kick off when Roland doesn’t get his money.
I can't help but feel that all of this is Matt Southall's 'dream' of being the owner & chairman of a football club. He has 'sold' the idea to business partner, friend and confidant (Nimer) on the basis that he could, with a 5 year plan, turn a decent profit (bit like the spivs did with Kevin Cash). If it all starts to 'come apart at the seams' then we could be in trouble again. People keep saying that "Nimer is loaded" ... well (a) we don't know that for sure and (b) even if he is loaded then it doesn't mean he will spend any of it on the club. The entity that 'owns' us is called East Street Investments (and you don't invest to throw away your own money). I agree with all those saying lets give ESI more time and see what happens in June/July but I do think there is a lot of risk in there.
I have to say, the arrival of ESI doesn't have the feel of a big machine rolling in and really trying to change things for the better. I know that's not necessarily a bad thing but this does feel like one man and his dog.
And I hope Southalls got some thick skin (and he doesn't strike me as someone that has) because if the unthinkable does happen, some are really going to give it to him in the neck.
I can't help but feel that all of this is Matt Southall's 'dream' of being the owner & chairman of a football club. He has 'sold' the idea to business partner, friend and confidant (Nimer) on the basis that he could, with a 5 year plan, turn a decent profit (bit like the spivs did with Kevin Cash). If it all starts to 'come apart at the seams' then we could be in trouble again. People keep saying that "Nimer is loaded" ... well (a) we don't know that for sure and (b) even if he is loaded then it doesn't mean he will spend any of it on the club. The entity that 'owns' us is called East Street Investments (and you don't invest to throw away your own money). I agree with all those saying lets give ESI more time and see what happens in June/July but I do think there is a lot of risk in there.
My understanding was that Nimer’s wealth was massive by normal standards, but not Sheikh money.
Wouldn’t be surprised if he has similar net worth to Roland.
I can't help but feel that all of this is Matt Southall's 'dream' of being the owner & chairman of a football club. He has 'sold' the idea to business partner, friend and confidant (Nimer) on the basis that he could, with a 5 year plan, turn a decent profit (bit like the spivs did with Kevin Cash). If it all starts to 'come apart at the seams' then we could be in trouble again. People keep saying that "Nimer is loaded" ... well (a) we don't know that for sure and (b) even if he is loaded then it doesn't mean he will spend any of it on the club. The entity that 'owns' us is called East Street Investments (and you don't invest to throw away your own money). I agree with all those saying lets give ESI more time and see what happens in June/July but I do think there is a lot of risk in there.
Exactly, although I think things may kick off when Roland doesn’t get his money.
I can't help but feel that all of this is Matt Southall's 'dream' of being the owner & chairman of a football club. He has 'sold' the idea to business partner, friend and confidant (Nimer) on the basis that he could, with a 5 year plan, turn a decent profit (bit like the spivs did with Kevin Cash). If it all starts to 'come apart at the seams' then we could be in trouble again. People keep saying that "Nimer is loaded" ... well (a) we don't know that for sure and (b) even if he is loaded then it doesn't mean he will spend any of it on the club. The entity that 'owns' us is called East Street Investments (and you don't invest to throw away your own money). I agree with all those saying lets give ESI more time and see what happens in June/July but I do think there is a lot of risk in there.
Exactly, although I think things may kick off when Roland doesn’t get his money.
What can Roland do about that Airman.......
Padlock the gates to The Valley and Sparrows Lane until he does get paid. He is the landlord and ESI are the tenants. Or failing that, eviction.
Depends what the terms of the lease are, put the worry beads away until the end of June, it serves little purpose.
The terms of the lease will be the same as they have been for the last 25 years, because it’s the same lease.
Which are? Peppercorn rent? Fully repairing?
Off the top of my head, I think the rent is £50k a year. It's necessarily a full repairing lease because the freeholder has never done anything, as per its accounts.
Edit: Holdings currently makes £54k a year, so that makes sense. CAFC Ltd owes it £1.4m, which by no coincidence equals £50k a year for 28 years since 1992.
I can't help but feel that all of this is Matt Southall's 'dream' of being the owner & chairman of a football club. He has 'sold' the idea to business partner, friend and confidant (Nimer) on the basis that he could, with a 5 year plan, turn a decent profit (bit like the spivs did with Kevin Cash). If it all starts to 'come apart at the seams' then we could be in trouble again. People keep saying that "Nimer is loaded" ... well (a) we don't know that for sure and (b) even if he is loaded then it doesn't mean he will spend any of it on the club. The entity that 'owns' us is called East Street Investments (and you don't invest to throw away your own money). I agree with all those saying lets give ESI more time and see what happens in June/July but I do think there is a lot of risk in there.
Exactly, although I think things may kick off when Roland doesn’t get his money.
What can Roland do about that Airman.......
Padlock the gates to The Valley and Sparrows Lane until he does get paid. He is the landlord and ESI are the tenants. Or failing that, eviction.
Hmmm........sounds remarkably like Gliksten in 1985.
I thought I read or heard somewhere on social media that HE was going to share the 5 year plan with fans? If I'm right it might be worth us all waiting to see what that is rather than spending time speculating on snippets that people pick up. Although a letter from CAST to MS asking when this information is going to be shared might be a good idea?
I have no idea what is going on here with the Valley and sparrows lane,but surely all of this would have been taken into consideration by the EFL when assessing fit and proper ownership,they took long enough to get the deal through.
I have no idea what is going on here with the Valley and sparrows lane,but surely all of this would have been taken into consideration by the EFL when assessing fit and proper ownership,they took long enough to get the deal through.
The ownership of the ground isn't really any of the EFL's business. Lots of clubs don't own thier own ground. Not saying its right or wrong but it isn't part of the fit and proper because there is no requirement to own your ground.
So are you saying the ACV offers no protection from scheming owners?
In the event of a sale for use other than a sports venue for example I think it just gives CAST the right to make a counter offer to purchase but if it can't raise the funds then it's curtains. In other words it just buys you some time (6 months) to acquire the asset.
Comments
Numerous fans will call both actions "class" and we can all move on with our lives
I know that's not necessarily a bad thing but this does feel like one man and his dog.
And I hope Southalls got some thick skin (and he doesn't strike me as someone that has) because if the unthinkable does happen, some are really going to give it to him in the neck.
Edit: Holdings currently makes £54k a year, so that makes sense. CAFC Ltd owes it £1.4m, which by no coincidence equals £50k a year for 28 years since 1992.
(maybe).
EFL dont care how much they pay or what they are buying.