Guest Fulham Fox Posted July 30, 2010 Share Posted July 30, 2010 I always said you were a fruit and nut case Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted July 30, 2010 Share Posted July 30, 2010 Lightweight Having met it's safe to say lightweight isn't a word i usually get chucked at me Link to comment Share on other sites More sharing options...
Guest Fulham Fox Posted July 30, 2010 Share Posted July 30, 2010 Having met it's safe to say lightweight isn't a word i usually get chucked at me Me neither Link to comment Share on other sites More sharing options...
edmontonowl Posted July 30, 2010 Share Posted July 30, 2010 IF it is true and than bank is in agreement then proves cloud 9 are all hot air. DH needs to get on the side of WTID. 5 mill is realisitic for fans to raiseIMO. Only 4mill if DH brings his 1million over But beyond that..? Fair point - what is the long term sustainability? Link to comment Share on other sites More sharing options...
Guest intercity0wl Posted July 30, 2010 Share Posted July 30, 2010 Exactly Rusty. No news. Nothing has happened. Nothing has changed. The end. And nowt's been paid which is more worrying in my eyes. Link to comment Share on other sites More sharing options...
Sam779 Posted July 30, 2010 Share Posted July 30, 2010 Good point, what happened to paying the Tax Bill today? Link to comment Share on other sites More sharing options...
theowlsman Posted July 30, 2010 Share Posted July 30, 2010 For those who know about these things, can I ask if the bank are legally allowed to publically support the C9S bid if the club aren't doing so, and what this might mean in terms of the situation we're at now? Just wondered. Seems strange that a company providing a service to a customer should side with the opposition that's all Link to comment Share on other sites More sharing options...
Guest Sheff Owl Posted July 30, 2010 Share Posted July 30, 2010 Not that i really know much about investment/takeovers/ etc etc basically all this poo that's going on at the minute with Wednesday... But a question for someone that might know.... If an offer came in and the board thought 'No Chance' but the Bank liked the offer can the Bank over rule the Board? (if you get what i mean) Link to comment Share on other sites More sharing options...
Glenn59 Posted July 30, 2010 Share Posted July 30, 2010 Not that i really know much about investment/takeovers/ etc etc basically all this poo that's going on at the minute with Wednesday... But a question for someone that might know.... If an offer came in and the board thought 'No Chance' but the Bank liked the offer can the Bank over rule the Board? (if you get what i mean) I presume the bank are the ones holding the ace cards financially. So they could force the board with the threat of calling in the debt. After all a bank would do it to a small business or a home owner. Link to comment Share on other sites More sharing options...
victorturner Posted July 30, 2010 Share Posted July 30, 2010 Dave Allen once said it needed £25M to get the club!! Is anybody aware of where the £5M figure came from/ was first mentioned? I'm confused as I thought Lee Strafford was originally working on something in double figures ( of millions) although that was pre relegation. Not that I oibject to £5M. The club is virtually valueless apart from the ground and the goodwill of the supporters to set against the debt Link to comment Share on other sites More sharing options...
Guest Sheff Owl Posted July 30, 2010 Share Posted July 30, 2010 I presume the bank are the ones holding the ace cards financially. So they could force the board with the threat of calling in the debt. After all a bank would do it to a small business or a home owner. Yeah that would make sense really seen as the debt is with the Bank you would have thought the Bank could have 'the power' to act and over rule the board if needed. Link to comment Share on other sites More sharing options...
RobHowe Posted July 30, 2010 Share Posted July 30, 2010 I should point out I'm not suggesting the news came from the Wednesdayite Chairman John Gath... Link to comment Share on other sites More sharing options...
attica Posted July 30, 2010 Share Posted July 30, 2010 (edited) I should point out I'm not suggesting the news came from the Wednesdayite Chairman John Gath... Don't encourage him - or you'll both be off the list. Edited July 30, 2010 by attica Link to comment Share on other sites More sharing options...
Arthur Bach Posted July 30, 2010 Share Posted July 30, 2010 Don't encourage him - you'llboth be off the list for the football card! I don't consider you to have a fully grown beard, you remind me more of a retired Greek shipping magnate. Aristotle Gathos. Link to comment Share on other sites More sharing options...
Guest kingscross2hirst Posted July 30, 2010 Share Posted July 30, 2010 So if the bank do have the power to force the board into investment, they obviously think club9 aren't a credible option. Club9 are wasting our time. Its simple, they need to roger off. Theyre now takin the wee wee. :@ Link to comment Share on other sites More sharing options...
Guest Ripley Owl Posted July 30, 2010 Share Posted July 30, 2010 So if the bank do have the power to force the board into investment, they obviously think club9 aren't a credible option. Club9 are wasting our time. Its simple, they need to roger off. Theyre now takin the wee wee. :@ Only 12 posts, get back to the boardroom ! Link to comment Share on other sites More sharing options...
Eccy Owl Posted July 30, 2010 Share Posted July 30, 2010 So if the bank do have the power to force the board into investment, they obviously think club9 aren't a credible option. Club9 are wasting our time. Its simple, they need to roger off. Theyre now takin the wee wee. :@ The bank do not have the power to force the board into investment Link to comment Share on other sites More sharing options...
Guest aj_owl Posted July 30, 2010 Share Posted July 30, 2010 How many times in one statement do they need to say the bank agrees? Link to comment Share on other sites More sharing options...
Guest kingscross2hirst Posted July 30, 2010 Share Posted July 30, 2010 Get back 2 the boardroom? Yeah ok, in my rumblein wildest! £5 million down. £2 million 2 loan note holders(which I dont agree with) n fees. £3 Million to the club (cover 3 mill shortfall? Or wage budget? Given to al?). Club9 have been in talks for how long? Read the board statement again. Imho, the club and the bank wont entertain cs9 as they dont believe they are credible. Sorry if that upsets you ripley, but thats how it looks to me. As for twelve posts: yeah ok, more a voyuer than not accepting opinions of others or implying theyre close to the club or have an agenda. Link to comment Share on other sites More sharing options...
Ian Posted July 30, 2010 Share Posted July 30, 2010 Not that I oibject to £5M. The club is virtually valueless apart from the ground and the goodwill of the supporters to set against the debt The club is no where near valueless. Apart from the obvious such as ground, lease on training ground and player values (although some would argue players contracts are more of a vulnerability than an assett!) they soft values are huge. Not withstanding the brand value, SWFC have in effect a franchise for the football league, one of only 72 in the world and one which is required to gain access (along with other things) to the premier league and it's current riches. That is why we should not sell the club for such a pittance Link to comment Share on other sites More sharing options...
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