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25% => The Boardroom => Topic started by: Ardiles on Friday, August 17, 2007, 11:08:32



Title: Credit crunch
Post by: Ardiles on Friday, August 17, 2007, 11:08:32
Here's a thought...

You assemble a private equity consortium to take over a struggling football club with potential that you believe you will be able to turn around.  You believe you can create a profit for yourself at the same time as turning the club around and leaving it in a better state than when you found it.  [Did you see what I did there...benefit of the doubt!]

Then the sub-prime mortgage market in the US collapses and stocks plummet on exchanges all around the world as credit dries up.  The private equity industry, which relies on credit to finance its highly leveraged investments, tanks.

Might it be that the silence from the new investors is due to a case of rather bad timing?  Might the investment be at risk due to the turmoil this week in the financial markets?  Please forgive the idle speculation, but it is all we have right now.


Title: Credit crunch
Post by: yeo on Friday, August 17, 2007, 11:11:52
It might be.

Then again they might be travelling to a game in an aeroplane that crashes, leaving them in hospital for months...........nah it'll never happen!


Title: Credit crunch
Post by: broomfield on Friday, August 17, 2007, 11:13:39
Good point!
There doesn't appear to be a financial institution either side of the Atlantic that isn't feeling the effecfts of the current stock market problems.

If our new 'Lord and Masters' are heavily into the financial market as stated, this takeover could be very bad timing!!


Title: Credit crunch
Post by: herthab on Friday, August 17, 2007, 11:21:05
Quote from: "broomfield"
Good point!
There doesn't appear to be a financial institution either side of the Atlantic that isn't feeling the effecfts of the current stock market problems.

If our new 'Lord and Masters' are heavily into the financial market as stated, this takeover could be very bad timing!!



Then surely they wouldn't have signed the contract on Tues?

There's an almost endless number of reasons why the bought the club and the same number of reasons why they haven't publicly said anything as yet.

I think we should all come up with a reason, the more outlandish the better.

We're bound to get it right eventually.....................


Title: Credit crunch
Post by: WorcesterRed on Friday, August 17, 2007, 11:25:14
Quote from: "herthab"
Quote from: "broomfield"
Good point!
There doesn't appear to be a financial institution either side of the Atlantic that isn't feeling the effecfts of the current stock market problems.

If our new 'Lord and Masters' are heavily into the financial market as stated, this takeover could be very bad timing!!



Then surely they wouldn't have signed the contract on Tues?

There's an almost endless number of reasons why the bought the club and the same number of reasons why they haven't publicly said anything as yet.

I think we should all come up with a reason, the more outlandish the better.

We're bound to get it right eventually.....................

Good idea - I'll start...

They have a genuine love of Swindon Town and would like to see us prosper

 :omg2:


Title: Credit crunch
Post by: Colin Todd on Friday, August 17, 2007, 12:03:15
They have taken over the club in order to asset strip it (whoooooa all those assets!)  and make no investment in the playing side.

Coupled with paying the clubs millions of pounds of debts and bringing in terrible Portugese players, thus forcing Sturrock to resign and be replaced by Rufus Brevitt this is an excellent oportunity to make loads and loads of money

I think I've got it


Title: Credit crunch
Post by: janaage on Friday, August 17, 2007, 12:11:42
The new investor is Helen Keller, or possibly Dr Stephen Hawking and his wheelchair's batteries are currently being recharged?


Title: Credit crunch
Post by: Batch on Friday, August 17, 2007, 12:16:06
Elvis is not really dead and will make a comeback statement via STFC. However he is currently stuck airside at Burger King trying to eat off a mega deathday celabration hangover.

This can be backed up by people having seen Elvis working in prominant chip shops in the Cork area.


Title: Credit crunch
Post by: The_Plagiarist on Friday, August 17, 2007, 12:21:26
No serious investment exists and this new holding company is a front for Diamandis and co to move the club to junction 17?


Title: Credit crunch
Post by: lambourn red on Friday, August 17, 2007, 12:46:25
Quote from: "The_Plagiarist"
No serious investment exists and this new holding company is a front for Diamandis and co to move the club to junction 17?


 :groan1:


Title: Credit crunch
Post by: flammableBen on Friday, August 17, 2007, 13:20:53
Quote from: "herthab"

I think we should all come up with a reason, the more outlandish the better.

We're bound to get it right eventually.....................

With the takeover stuff all sorted. The boring cunts who sit refreshing the boardroom section of the tef whilst making the same post over and over again will either a) fuck off or b) become interesting.


Title: Credit crunch
Post by: Ardiles on Friday, August 17, 2007, 13:45:53
On a serious note (and as I alluded to at the end of my initial post), we shouldn't have to resort to speculation.  The absence of communication is very odd, and people are completely within their rights to remain sceptical while this persists.

I do not know of any other football takeover (and most, let's face it, are a great deal more high profile than this one) where secrecy has been maintained to this degree...not just before the event, but now (supposedly) a full three days after it has been signed and sealed.  Something does not feel right here.


Title: Credit crunch
Post by: The_Plagiarist on Friday, August 17, 2007, 13:54:43
Quote from: "lambourn red"
Quote from: "The_Plagiarist"
No serious investment exists and this new holding company is a front for Diamandis and co to move the club to junction 17?


 :groan1:



 :Ride On Fatbury's Lovestick:  :Ride On Fatbury's Lovestick:

(whoosh)


Title: Credit crunch
Post by: The_Plagiarist on Friday, August 17, 2007, 13:55:24
Quote from: "flammableBen"
Quote from: "herthab"

I think we should all come up with a reason, the more outlandish the better.

We're bound to get it right eventually.....................

With the takeover stuff all sorted. The boring cunts who sit refreshing the boardroom section of the tef whilst making the same post over and over again will either a) fuck off or b) become interesting.


Get back in general discussion and hit F5 you boring cunt


Title: Credit crunch
Post by: flammableBen on Friday, August 17, 2007, 14:29:58
I spread my boringness through out all sections of the forum freely.


Title: Credit crunch
Post by: ron dodgers on Friday, August 17, 2007, 14:48:47
It is my view that the Syd Little is behind the whole thing and he is bored.


Title: Credit crunch
Post by: Red81 on Saturday, August 18, 2007, 07:58:48
Quote from: "Ardiles"
On a serious note (and as I alluded to at the end of my initial post), we shouldn't have to resort to speculation.  The absence of communication is very odd, and people are completely within their rights to remain sceptical while this persists.

I do not know of any other football takeover (and most, let's face it, are a great deal more high profile than this one) where secrecy has been maintained to this degree...not just before the event, but now (supposedly) a full three days after it has been signed and sealed.  Something does not feel right here.
Don't you think they might just be a little busy at the moment?..  You don't just buy a business and then 3 days later publicly announce what your short term plans are. You've gotta sort through all the shit and mess of the previous owners, to see where you stand in the first place.

The season is one game in! Enjoy the football for now.


Title: Credit crunch
Post by: millom red on Saturday, August 18, 2007, 08:16:54
And there is bound to be piles of shit and mess after Diamandis and his cretins non-efforts....a good point Red81.


Title: Credit crunch
Post by: Ardiles on Saturday, August 18, 2007, 09:28:53
Of course there is work to do.  The fact remains, however, that their PR (or lack of) has been shocking.  And there cannot be a single other takeover that has been conducted in this way.

Andy Cryer put it far more eloquently than I could in his piece a few days ago.  A little openness at this club would go a very long way.


Title: Credit crunch
Post by: TalkTalk on Saturday, August 18, 2007, 15:14:10
And a great editorial in the Adver today by Craig Lyus.

Jim Bob? As slippery as a fish...