Bob's Board - Chesterfield FC: Fans Takeover Thread - Bob's Board - Chesterfield FC

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Fans Takeover Thread

#441 User is offline   RikShaw 

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Posted 09 January 2019 - 06:43 PM

View Postazul, on 09 January 2019 - 04:11 PM, said:

After all this DA has said he’ll never sell until we’re back in the league

So has all this been a waste of time Zorro


DA was quite disparaging with his remarks about the proposed takeover, quote: ‘they haven’tgot two haflpenny’s to rub together, they could even afford to run it, let alone take it over’. I must say, not the type of language I would use if I was looking to build some rapport with my potential buyers.
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#442 User is offline   azul 

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Posted 09 January 2019 - 07:46 PM

View PostMaverick, on 09 January 2019 - 06:43 PM, said:

DA was quite disparaging with his remarks about the proposed takeover, quote: ‘they haven’tgot two haflpenny’s to rub together, they could even afford to run it, let alone take it over’. I must say, not the type of language I would use if I was looking to build some rapport with my potential buyers.

Indeed

I think we need to here from Zorro
Accentuate th Positive, eliminate the negative
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#443 User is offline   h again 

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Posted 09 January 2019 - 07:58 PM

View Postazul, on 09 January 2019 - 07:46 PM, said:

Indeed

I think we need to here from Zorro



Assuming a (fairly) best case scenario and we're back in L1 in four seasons, DA will have had the euphoria of two promotions and a stadium with 6000 fans in it cheering him and the team as they get the trophies. Heady stuff - possibly enough to convince him that this ownership business isn't so bad after all, and a bit of success and adulation is worth more than 8 million quid to an elderly chap with more money than he can possibly spend anyway.
So he hangs on.
Long shot, but isn't it about where we were before the reins were handed to Mr. Carson?
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#444 User is offline   azul 

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Posted 09 January 2019 - 08:12 PM

It’s quite sad but that Yorkshire *** in that “press conference” has made Zorro and his consortium look stupid

Rebuttle Please!
Accentuate th Positive, eliminate the negative
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#445 User is offline   Zorro 

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Posted 09 January 2019 - 09:06 PM

Well.... I’m not going to enter into passing on ‘snidy’ remarks as I’m not an arrogant person, but how do you value a football club that is carrying the debt it has? Mr Allen might think our offer was derisory to what he ‘thinks’ it’s worth and for his investment but our ‘derisory’ offer was more than our valuation. How can he say that the investors didn’t have enough money and couldn’t afford to run the club? He has no idea who the backers were so I can’t understand him commenting.

I will be the happiest fan in town if he turns it around, and if he thinks that ploughing more money into it to get us back into division one is the answer, then I will thank him again just like I did when he gave us the new stadium.

AC had supplied us with information we needed to make a judgement and we could see that it could be a viable business in the future but the accounts show that year after year DA has been providing financial support to every appointed manager, yet not one of those have delivered. If DA learns from mistakes and addresses problem areas, then with the right people in charge of the football, he could turn it round.

Good luck to DA, JS & co.

Z
"You've never had it so good!!!"
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#446 User is offline   Nivo 

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Posted 09 January 2019 - 09:12 PM

Do you think he values your sponsorship?
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#447 User is offline   dim view 

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Posted 09 January 2019 - 10:23 PM

View PostZorro, on 09 January 2019 - 09:06 PM, said:

How can he say that the investors didn’t have enough money and couldn’t afford to run the club? He has no idea who the backers were so I can’t understand him commenting.


Z

I'm confused Z.
How could Carson organise due diligence if he doesn't know the names of your backers?
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#448 User is offline   Mr Mercury 

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Posted 09 January 2019 - 10:24 PM

View Postazul, on 09 January 2019 - 08:12 PM, said:

It’s quite sad but that Yorkshire *** in that “press conference” has made Zorro and his consortium look stupid

Rebuttle Please!

I think the press Conference just reinforced what we all think about DAs view, and tyre kicking bidders! I know where my money is.
East stand second class citizen.
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#449 User is offline   Westbars Spireite 

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Posted 09 January 2019 - 10:34 PM

View Postdim view, on 09 January 2019 - 10:23 PM, said:

I'm confused Z.
How could Carson organise due diligence if he doesn't know the names of your backers?


Simple. He couldn't.
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#450 User is offline   Phil V 72 

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Posted 10 January 2019 - 07:08 AM

View PostWestbars Spireite, on 09 January 2019 - 10:34 PM, said:

Simple. He couldn't.


"When a company is up for sale - or selling off one of its parts - it needs to show an in-depth report on its financial health to potential buyers. This is called vendor due diligence. It provides comfort to both buyers (acquires) and sellers (vendors) with an independent view of the business, encompassing its performance and prospects.

Vendor due diligence aims to address the concerns and issues that may be relevant to even the most demanding purchaser."

As I understand it, at this stage there would be no requirement for the purchaser to disclose the identity of the investors.
If you tell the truth, you don't have to remember anything.
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#451 User is offline   Mr_Pleasant 

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Posted 10 January 2019 - 07:30 AM

View PostPhil V 72, on 10 January 2019 - 07:08 AM, said:

"When a company is up for sale - or selling off one of its parts - it needs to show an in-depth report on its financial health to potential buyers. This is called vendor due diligence. It provides comfort to both buyers (acquires) and sellers (vendors) with an independent view of the business, encompassing its performance and prospects.

Vendor due diligence aims to address the concerns and issues that may be relevant to even the most demanding purchaser."

As I understand it, at this stage there would be no requirement for the purchaser to disclose the identity of the investors.

I think you're right.

I also think that if, as selling owner, you truly think someone is a 'tyre kicker' without the money to back up a purchase you probably don't bother going to the expense of due diligence in the first place.
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#452 User is offline   Rudeboy spireite 

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Posted 10 January 2019 - 07:41 AM

View PostZorro, on 09 January 2019 - 09:06 PM, said:

Well.... I’m not going to enter into passing on ‘snidy’ remarks as I’m not an arrogant person, but how do you value a football club that is carrying the debt it has? Mr Allen might think our offer was derisory to what he ‘thinks’ it’s worth and for his investment but our ‘derisory’ offer was more than our valuation. How can he say that the investors didn’t have enough money and couldn’t afford to run the club? He has no idea who the backers were so I can’t understand him commenting.

I will be the happiest fan in town if he turns it around, and if he thinks that ploughing more money into it to get us back into division one is the answer, then I will thank him again just like I did when he gave us the new stadium.

AC had supplied us with information we needed to make a judgement and we could see that it could be a viable business in the future but the accounts show that year after year DA has been providing financial support to every appointed manager, yet not one of those have delivered. If DA learns from mistakes and addresses problem areas, then with the right people in charge of the football, he could turn it round.

Good luck to DA, JS & co.

Z

Say's it all Rob, just when you want to start Backing DA again he comes out with such disparaging comments.
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#453 User is offline   Zorro 

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Posted 10 January 2019 - 02:02 PM

View PostPhil V 72, on 10 January 2019 - 07:08 AM, said:

"When a company is up for sale - or selling off one of its parts - it needs to show an in-depth report on its financial health to potential buyers. This is called vendor due diligence. It provides comfort to both buyers (acquires) and sellers (vendors) with an independent view of the business, encompassing its performance and prospects.

Vendor due diligence aims to address the concerns and issues that may be relevant to even the most demanding purchaser."

As I understand it, at this stage there would be no requirement for the purchaser to disclose the identity of the investors.


I hope this sensible reply sorts out your confusion Dim.

This will be my last post on the subject.

At all times I think I have carried out our enquiry professionally, at no times did I divulge any private information that was supplied to me to anyone other than a few I could trust 100%.
My remit was to raise funds for an amount of money that I had put on the table to buy the club through AC and the only people who knew who the potential investors were was me and the individuals who I had spoken to. I can categorically say that no money would have been invested from any ex-director of CFC with regard to the purchase so I am amazed over this statement.

"There's nobody around here who can afford it to buy the club, they couldn't even afford to run it, never mind the daft, derisory offers they make for it. "They're just living a dream world. "I used to say to them all, this isn't a corner shop you're running, it's not Saltergate, this is the main store on the high street. "Just look how much it costs just to run the stadium on an annual basis. "They couldn't afford to run it. "They put tuppence ha'penny together to try and buy it, they couldn't afford to run it if I let them have it."

I had 2 financial advisers working with me who thoroughly vetted the accounts and the clubs financial position. I trusted their input and asked further questions of AC which he supplied with no hesitation.

I don't believe for one minute that I was a 'tyre kicker' and I don't think AC thought I was either.
In the words of DA our offer was derisory and if he thought it was due to his investments, then he is entitled to call the offer that. In my opinion the offer was for far more than the club is currently worth.

I will not publicly slate any parties involved as this goes against my business principles. My businesses are built up by winning customers. I thank every customer who has helped me in my 32 years of business. I have had bad customers like everyone, I have received complaints like everyone but each time I have either muttered under my breath or rectified the complaint even if it was an apology.

After listening to the first part of the press conference yesterday, I was optimistic and excited for the changes. I will in fact continue to support CFC and any manager who is taken on but sometimes it is best to say nothing additional to what was supposed to be the unveiling of a new manager.
A rally cry to the fans to get behind JS was more than enough to end the conference without going over old ground and blaming everybody else.

Again CFC lack confidentiality in business accuments. The day MA departed JS appeared as the bookies favourite at 4/1 on. His length of contract was mentioned before any announcement was made. This is surely a problem within the ranks of CFC. Certain people should be told things in a need to know basis and not discussed outside of those circles. As the saying goes "loose lips sink ships"

Finally I would like to thank everyone for their support and wish everyone involved with CFC my very best. JS should be a good appointment and with an open cheque book he should be able to get the winning factor back to the fans.
I hope DA succeeds in pulling this off and gets us back to where we belong. I would also be happy for him to be able to sell the club at an attractive price to the correct investors and have a return on his investments.

But if there is ever a need for the fans to be involved in the future with a fans buyout again, I will be there in waiting. COYB

Z
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#454 User is offline   CFC91 

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Posted 10 January 2019 - 02:20 PM

Top man
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#455 User is offline   dim view 

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Posted 10 January 2019 - 04:44 PM

View PostZorro, on 10 January 2019 - 02:02 PM, said:

I hope this sensible reply sorts out your confusion Dim.


But if there is ever a need for the fans to be involved in the future with a fans buyout again, I will be there in waiting. COYB

Z

Many thanks Z. I respect your decision to refrain from entering into prolonged dialogue, and I agree completely with your observations about the lack of professionalism within the CFC ranks, of which there have been several examples over the years.

2 thoughts occur to me which don't require a response.

1. Your report infers that Carson thought your offer was reasonable as he readily cooperated at a detailed level.
2. Is there perhaps an opportunity for your same investors to make on offer for a segment of the club, reducing Allen's power and influence to a more democratic level, effectively adding enthusiastic members to the crumbling CFC Board?
Get it on, bang the gong , get it on
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#456 User is offline   Mac's Back 

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Posted 10 January 2019 - 05:19 PM

View Postdim view, on 10 January 2019 - 04:44 PM, said:

Many thanks Z. I respect your decision to refrain from entering into prolonged dialogue, and I agree completely with your observations about the lack of professionalism within the CFC ranks, of which there have been several examples over the years.

2 thoughts occur to me which don't require a response.

1. Your report infers that Carson thought your offer was reasonable as he readily cooperated at a detailed level.
2. Is there perhaps an opportunity for your same investors to make on offer for a segment of the club, reducing Allen's power and influence to a more democratic level, effectively adding enthusiastic members to the crumbling CFC Board?


I'm afraid history tells us that whilst point 2 would be desirable, it would be entirely unworkable.
We're on our way
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#457 User is offline   Snowflake McBedwetter 

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Posted 10 January 2019 - 05:23 PM

They probably couldn't afford to run it in the manner DA has. Not many could!

I take my hat off to all involved. The fact though, that they planned to keep MA and the same squad til the end of the season scared the crap out of me. I understand why they planned to, but think a quicker way out of our immediate predicament is utilising DA's bankroll.

If this roll of the dice fails, then I'm sure they'll be able to get the club far cheaper, thus giving them a potential war chest.
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#458 User is offline   Westbars Spireite 

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Posted 10 January 2019 - 05:25 PM

Do we know with certainty that Allen's comments refer to this offer?

For all we know, fanciful as it seems, AC would have known that the club wasn't for sale and the whole charade never went further than him.

This post has been edited by Westbars Spireite: 10 January 2019 - 05:25 PM

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