Iron Bru › Forums › Blast Furnace › What is the Truth
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November 17, 2022 at 11:14 am #248751
The liverpool owners have done it the right way and shown how owners serious about selling a club would go about it. The club is for sale and the asking price is 4bn. It’s that simple, announce that the club is up for sale and the price it is for sale at. That weeds out any people that aren’t serious or don’t have the money required, then all the nonsense about potential buyers not being able to provide proof of funds etc is nipped in the bud before any time is wasted. The only reason for him not to announce the price is if something said before would then be proven to be false relating to the stadium or whatever. Otherwise, it makes no sense.
Difference between a seller’s market and a buyer’s market.
November 17, 2022 at 1:40 pm #248753AnonymousInactiveOffline
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Topics: 80Is it possible / likely that we won’t complete the season’s fixtures?
November 17, 2022 at 1:46 pm #248754I think we’re surviving month to month at the minute. Wages will be a big determinant. Even if its delayed by a few hours/days like last month it is a sign of a deeper problem.
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November 17, 2022 at 2:52 pm #248755And the late payment last month I have been told was a computer glitch that delayed the payment until the afternoon not the owner for once.
November 17, 2022 at 4:04 pm #248760Would appear to be the wrong SUFC, Southend had to ask for a £40,000 loan from supporters trust to pay non players wages, whereas Scunny keep advertising for jobs and today want accommodation providers for the 16-18 yr olds. Or maybe it’s just a smokescreen?.
November 17, 2022 at 9:22 pm #248771The old computer glitch eh! Advertising for jobs – they should be advertising shirts for sale for Xmas, if they had the money to buy some
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November 18, 2022 at 8:54 am #248778True. Buyers or sellers market though I’ve no doubt he is looking for a sellers market price in what is a buyers market. He will be trying to recoup losses from when the club was leagues above by means of selling the stadium for development or try to find someone with so much money that they will actually buy it to keep as a stadium. The chances seem slim to none in the National League and God forbid NLN if the worse happens. I think the earlier suggestion of someone buying the club for a token pound but with enough money behind them to invest in the club and then ground share until a new one can be built is the only way of change happening. Swann will then sell the ground to a developer. Hope I’m wrong but it seems the only way of parting company at the moment barring administration, which will basically have the same result but with a points deduction and changes enforced to the club name etc.
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November 18, 2022 at 9:30 am #248781Ultimately, you can sell pretty much anything if you get the price right for buyers.
November 18, 2022 at 1:50 pm #248810Watch out, awaywego will be along with his ‘move along – nothing to see here’ sandwich board 🤣
November 18, 2022 at 8:40 pm #248842Has any potential buyer Got the Efl loan to repay?
November 19, 2022 at 7:08 am #248878AnonymousInactiveOffline
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Topics: 80Has any potential buyer Got the Efl loan to repay?
That’d probably form part of the negotiations / deal?
The loan is the Clubs.
November 19, 2022 at 7:59 am #248879What has any potiental buyer got to deal with?
EFL loan(only if we get back there?)
Mortgage Repayments
Repairing the ground
Keeping the club in the NLNovember 21, 2022 at 3:01 pm #248989Something positive from the SUFC twitter:-
“Visit our club shop (open until 4pm today) or http://sufcshop.com
STOCK UPDATE:
👕 Home shirts now available in all sizes
🩳 Home shorts available in all sizes
👕 Third shirts available in all adult sizes”November 21, 2022 at 3:41 pm #248992Club still available but please don’t ask for discount.
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November 21, 2022 at 4:18 pm #248996Do we really think he wants to sell?
November 21, 2022 at 6:10 pm #249003Do we really think he wants to sell?
No.
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November 22, 2022 at 8:04 am #249030I think he wants to sell but at something like 6m, which is a delusional price. Just a guess though so who really knows. I also think he probably just sees the club as a hindrance now to an exit with the stadium and the land built on it. His interest in the club has long gone.
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November 22, 2022 at 9:18 am #249033For the third time, 6 million for a fan based consortium, 8 million for an outsider, reliable source, not HP.
November 22, 2022 at 11:43 am #249044AnonymousInactiveOffline
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Topics: 80With the ‘state’ of the economy & club – who’d be in their right mind to buy something that will be a yearly drain on their wealth?
November 22, 2022 at 12:48 pm #249048Hasn’t stopped most club owners, you don’t buy a football to make money far from it.
November 22, 2022 at 1:10 pm #249050AnonymousInactiveOffline
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Topics: 80Hasn’t stopped most club owners, you don’t buy a football to make money far from it.
Exactly.
So you’d have to be egotistical or mad to do so?
Or extremely wealthy and able to sustain losing millions a year without having regrets?November 22, 2022 at 3:38 pm #249058Hasn’t stopped most club owners, you don’t buy a football to make money far from it.
Exactly.
So you’d have to be egotistical or mad to do so?
Or extremely wealthy and able to sustain losing millions a year without having regrets?Sounds like the Liz Truss School of Economics. 😲
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November 22, 2022 at 4:19 pm #249063The London group are now in a 28 day exclusivity period to try and get a deal over the line.
Unsure when it ends but presumably it is before the end of the month.
I understand they were involved in a lower league club in Belgium for a short stint…1 user thanked author for this post.
November 22, 2022 at 5:18 pm #249067AnonymousInactiveOffline
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Topics: 80The London group are now in a 28 day exclusivity period to try and get a deal over the line.
Unsure when it ends but presumably it is before the end of the month.
I understand they were involved in a lower league club in Belgium for a short stint…Why only a ‘short stint’ ?
November 22, 2022 at 6:38 pm #249069Belgian football has a famous history littered with unsuccessful foreign ownership – I certainly hope we aren’t jumping from the frying pan into the fire…
I’d be very interested to know which club they were involved with.
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November 22, 2022 at 7:06 pm #249071AnonymousInactiveOffline
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Topics: 80Belgian football has a famous history littered with unsuccessful foreign ownership – I certainly hope we aren’t jumping from the frying pan into the fire…
I’d be very interested to know which club they were involved with.
Cards on the table?
What’s the intel?
Who’s the source?November 22, 2022 at 9:30 pm #249081If SST told us all that he would no longer be trusted with the info he is given. All i know is most of the intel that comes from SST tends to be somewhere near the truth so am grateful he puts it in the public domain.
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November 23, 2022 at 1:50 pm #249117If it’s 6-8m, who is ever going to pay that unless they intend to just try and make money from the land/development? It just seems like he’s asking for a delusional amount of money. To turn the club around you’re going to need someone willing to invest say 1m a year potentially for the next 10 years. That’s 16-18m someone needs to be willing to risk to turn things around. I’m which case you need someone with a net worth quite a few multiples higher which isn’t easy in the national league and even harder in NLN. The only other option is someone comes in takes finance from a bank/financial institution to bring in income. That model makes sense but it involves borrowing money at a time of increasing interest rates and puts the entire club at risk if it fails. He’s trying to recoup money lost from the time the club was leagues above at a time the club is leagues below and in difficult financial times. It’s as good as saying it’s not for sale.
November 23, 2022 at 3:28 pm #249119AnonymousInactiveOffline
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Topics: 80If SST told us all that he would no longer be trusted with the info he is given. All i know is most of the intel that comes from SST tends to be somewhere near the truth so am grateful he puts it in the public domain.
True.
Just feeling so frustrated like everyone else.
Apologies.November 23, 2022 at 3:32 pm #249121AnonymousInactiveOffline
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Topics: 80It’s as good as saying it’s not for sale.
So, does it trundle on until administration knocks on the front door?
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