|
Post by gammo on Jul 18, 2022 17:41:18 GMT
Ron Toss thinks it's a good thing. He likes the plans they have for the club. So does this mean he thinks the Bassini deal is dead? ('dead'.....was it ever alive?) 😂😂
|
|
|
Post by BluenoseB on Jul 18, 2022 18:12:18 GMT
Nursey gettin in on the act now as well.
|
|
|
Post by TILTON on Jul 18, 2022 18:38:11 GMT
So far the owners probably have now £2.5m towards fixing the stands that they didn't have before the summer.
#Skills
|
|
|
Post by ramsey on Jul 18, 2022 18:40:08 GMT
Diego Costa incoming.
|
|
|
Post by TILTON on Jul 18, 2022 18:45:05 GMT
More like a Caramel Flat White from Costa coming in!!
|
|
|
Post by ramsey on Jul 18, 2022 18:50:45 GMT
I would also say 3 years is far too long. 2 years max! Blues only do things according to three-year plans. It's the way we do things.
|
|
|
Post by BluenoseB on Jul 18, 2022 18:55:14 GMT
I would also say 3 years is far too long. 2 years max! Blues only do things according to three-year plans. It's the way we do things. Its just rolls over every summer tho so we are always in the 1st year of the 3 year plan 😁
|
|
|
Post by bubba on Jul 18, 2022 19:29:18 GMT
As said before was never too concerned about Bassini, was always doomed to failure, but these chancers worry me, will sleep a lot better when they are completely out the picture, the worst of all outcomes imho.
Southall's a crook and I'm not convinced about the intentions or competence of Lopez and Richardson either, but that doesn't mean they couldn't get a deal over the line. Anybody agreeing to anything like the kind of deal Bassini was allegedly agreeing to is a big red flag, they're either incredibly stupid which doesn't bode well, or what I think is more lkely they'd be using the club as their personal piggy bank with no regard for it's welfare or future. What other possible reason would any well intentioned bidders throw their lot in with Southall?
|
|
|
Post by waggy on Jul 18, 2022 20:29:34 GMT
Ron Toss thinks it's a good thing. He likes the plans they have for the club. Yeah, but I'm still waiting for us to sign Charles N'Zogbia after Tom confirmed it. After all the years I've enjoyed Paladini's ownership of Blues. Tom's well-meaning but he's a daft old bugger who's easily lead astray. Bless him
|
|
|
Post by honkybluenose on Jul 18, 2022 20:30:21 GMT
As said before was never too concerned about Bassini, was always doomed to failure, but these chancers worry me, will sleep a lot better when they are completely out the picture, the worst of all outcomes imho.
Southall's a crook and I'm not convinced about the intentions or competence of Lopez and Richardson either, but that doesn't mean they couldn't get a deal over the line. Anybody agreeing to anything like the kind of deal Bassini was allegedly agreeing to is a big red flag, they're either incredibly stupid which doesn't bode well, or what I think is more lkely they'd be using the club as their personal piggy bank with no regard for it's welfare or future. What other possible reason would any well intentioned bidders throw their lot in with Southall?
Bubba, I share your concerns. For me this lot will only sell on their terms until they become desperate. They are not desperate yet and their terms are a bad deal for the buyer. I will give Richardson the benefit of the doubt with regard to his intentions- but whether he has the backing or the expertise required is a different matter. Lopez is a chancer and Southall as you say a crook and a massive red flag. I was only half joking in a post above as well when I questioned why they were negotiating in Spain. Just wouldn’t put it passed them to be using out Spanish residing ex CEO to negotiate their exit.
|
|
|
Post by bubba on Jul 18, 2022 20:46:42 GMT
As said before was never too concerned about Bassini, was always doomed to failure, but these chancers worry me, will sleep a lot better when they are completely out the picture, the worst of all outcomes imho.
Southall's a crook and I'm not convinced about the intentions or competence of Lopez and Richardson either, but that doesn't mean they couldn't get a deal over the line. Anybody agreeing to anything like the kind of deal Bassini was allegedly agreeing to is a big red flag, they're either incredibly stupid which doesn't bode well, or what I think is more lkely they'd be using the club as their personal piggy bank with no regard for it's welfare or future. What other possible reason would any well intentioned bidders throw their lot in with Southall?
Bubba, I share your concerns. For me this lot will only sell on their terms until they become desperate. They are not desperate yet and their terms are a bad deal for the buyer. I will give Richardson the benefit of the doubt with regard to his intentions- but whether he has the backing or the expertise required is a different matter. Lopez is a chancer and Southall as you say a crook and a massive red flag. I was only half joking in a post above as well when I questioned why they were negotiating in Spain. Just wouldn’t put it passed them to be using out Spanish residing ex CEO to negotiate their exit.
As said for a long time, I do think they want to sell BUT, that doesn't mean I disagree with the above where you say they are not desperate yet. The question is would their position become immediately more desperate should these kind of buyers completely disappear? We can't know that but I suspect it wouldn't be long before they'd be in that territory.
That said the situation is fluid and who knows what characters could yet enter the stage or what actions could yet change the outlook? We can't account for that just accept they're possibilities.
As long as there's a chance they can get the kind of deal touted I'm sure they'll let it play out, they've got nothing to lose. Eventually though as things stand the money looks like it will run out and even if it doesn't, how much more money pumped in to keep the carousel turning becomes more than it's worth? I realise that's my Western mindset but from all that's out there regarding Suen, King and Vong they're all having cashflow issues and King's legal worries must surely contaminate Vong too
|
|
|
Post by gammo on Jul 18, 2022 20:53:44 GMT
Someone needs to phone the strip club and let Bassini know what's happening whilst he 'hanging' out in there. Hanging out......he wishes 🤣🤣
|
|
|
Post by honkybluenose on Jul 19, 2022 7:31:14 GMT
Bubba, I share your concerns. For me this lot will only sell on their terms until they become desperate. They are not desperate yet and their terms are a bad deal for the buyer. I will give Richardson the benefit of the doubt with regard to his intentions- but whether he has the backing or the expertise required is a different matter. Lopez is a chancer and Southall as you say a crook and a massive red flag. I was only half joking in a post above as well when I questioned why they were negotiating in Spain. Just wouldn’t put it passed them to be using out Spanish residing ex CEO to negotiate their exit.
As said for a long time, I do think they want to sell BUT, that doesn't mean I disagree with the above where you say they are not desperate yet. The question is would their position become immediately more desperate should these kind of buyers completely disappear? We can't know that but I suspect it wouldn't be long before they'd be in that territory.
That said the situation is fluid and who knows what characters could yet enter the stage or what actions could yet change the outlook? We can't account for that just accept they're possibilities.
As long as there's a chance they can get the kind of deal touted I'm sure they'll let it play out, they've got nothing to lose. Eventually though as things stand the money looks like it will run out and even if it doesn't, how much more money pumped in to keep the carousel turning becomes more than it's worth? I realise that's my Western mindset but from all that's out there regarding Suen, King and Vong they're all having cashflow issues and King's legal worries must surely contaminate Vong too
We are in for an interesting few days. If Richardson and Lopez bite on the BSHL terms I think a deal will get done, but I don’t see BSHL compromising yet. Maybe I am wrong it’s just an opinion not based on any credible info. The VP 21% and the stadium are to some extent red herrings. No serious buyer would take those ( especially with the current losses sharing deal in place) without a cast iron guarantee of getting a controlling interest down the line. So if we see an announcement to the effect that stage 1 is complete the deal for the rest will also have been done one way or another. The question is how can this be done and all the BSHL shareholders as well as the Hong Kong authorities be kept happy at the same time? There will be a way. If Richardson and Lopez don’t bite on the BSHL terms I don’t see anyone else agreeing to them so for now it’s this two or wait for desperation to creep in. As with Bassini I think it will become apparent quite quickly if Richardson/Lopez both accept the BSHL terms AND have both the means and the will to complete a deal. Just one other thought/opinion. I don’t necessarily agree with Dan when he says Richardson is a liar about a deal being done. Why would he? He has everything to lose and nothing to gain by lying on this. More likely he thinks it is all agreed and is jumping the gun somewhat. Just because he thinks it’s agreed though doesn’t mean it’s all done and dusted. As I said at the outset we are in for an interesting few days.
|
|
|
Post by ramsey on Jul 19, 2022 7:46:58 GMT
Where is the stock market announcement?
Newspaper reports suggest a deposit of £1.5 million has been paid to look at the books.
That would suggest to me any deal is still in the early stages.
They must have a fairly large team of crack forensic accountants if they are going to complete due diligence and close a deal with this lot in the next few days.
|
|
|
Post by nobbynomad on Jul 19, 2022 8:20:26 GMT
Birmingham Mail suggesting that Lopez’s Argentinian company, Maxco Capital, have said via their website ‘an announcement made today’.
Mail says we’ll have to wait to see if it relates to Blues.
|
|
|
Post by bluepeter on Jul 19, 2022 8:48:59 GMT
Until the prospective owners are interviewed by White and Jordan, I will remain sceptical as to whether anything is happening.
Of course once that interview has happened, I will know for sure that it’s BS.
|
|
|
Post by ramsey on Jul 19, 2022 8:56:02 GMT
Birmingham Mail suggesting that Lopez’s Argentinian company, Maxco Capital, have said via their website ‘an announcement made today’. Mail says we’ll have to wait to see if it relates to Blues. That's the same statement announcing an announcement that was mentioned in yesterday's stories. Nothing new there. It's in the same font used for the titles in Peaky Blinders, so people are of course reading something into that. Some say the announcement will be related to an acquisition of a third tier Spanish club. We will see. Not sure why he was pictured with a Spanish architect while supposedly closing a Blues deal.
|
|
|
Post by nobbynomad on Jul 19, 2022 9:17:20 GMT
Aljamir now on SHA, Richardson asking press to be at STANS for 10.30 today.
|
|
|
Post by choc on Jul 19, 2022 9:43:39 GMT
Aljamir now on SHA, Richardson asking press to be at STANS for 10.30 today. I'm asking for Elon Musk to be at Stans today
|
|
|
Post by BluenoseB on Jul 19, 2022 9:55:55 GMT
Contracts agreed sat, deposit paid monday no DD done according to richardson. Sounds like a load of horseshit.
|
|
|
Post by waggy on Jul 19, 2022 10:10:30 GMT
Contracts agreed sat, deposit paid monday no DD done according to richardson. Sounds like a load of horseshit. Yep, a very long way from done. Atleast our current dodgy owners have pocketed a few more quid. Might be able to sign a left back now (on loan of course)
|
|
|
Post by bluescharlie on Jul 19, 2022 10:11:00 GMT
All feels very Bassini
|
|
|
Post by choc on Jul 19, 2022 10:31:55 GMT
looks like Dans on the naughty step on SHA. Great timing. They are special over there🤣🤣🤣🤣🤣🤣🤣
|
|
|
Post by ramsey on Jul 19, 2022 10:38:55 GMT
Well it looks like they have reached first base and it's real. Hard evidence this time. The announcement was made at Stans and not on Talksport. Plenty could go wrong yet and the devil is always in the detail. But it looks like we might have some new shareholders. Long way from a complete takeover I would imagine though. But where is that stock exchange announcement? Surely this materially affects existing shareholders if there is a potential deal in place to sell the rest of the club? It is a different situation to the last update.
|
|
|
Post by glosbigblue on Jul 19, 2022 10:40:18 GMT
I’m guessing the terms of the deal are the same or similar to the deal Bassini had. If so, it’s very high risk for Lopez/Richardson.
|
|
|
Post by glosbigblue on Jul 19, 2022 10:42:06 GMT
This was the deal as it was shared with me mid May. Don’t see any reason to keep it to myself now:
1. 96.64% in BCP and 100% in Stadium Limited will be dealt with all in one time. Total consideration for the deal to be £38.8m.
2. Buyer need to find 2 investors, A and B
3. Investor A to acquire ORIL & AGGL (21.64% in BCP and 100% in Stadium) at a consideration of £27.5m, to be paid 2 days after agreement date.
4. Investor B to lend £11.3m to BSHL for a term of 3 year at a rate of 3%, and BSHL pledge to Investor B 75% in BCP as security, drawdown in 2 days after agreement date.
5. No later than 3 years after Stage 1 Completion and as soon as the relevant rules and regulations in relation to BSHL dispose of 75% BCP being met, BSHL initiates selling off 75% shares in BCP at a consideration of the total of “£11.3m + accrued interest payable by BSHL” to Investor B
6. Warranties and indemnities:
(1) Investor warrants to acquire 75% BCP shares at the request of BSHL. If fails to do so, shall pay the Sellers an amount of £11.3m plus accrued interest payable by BSHL by then as compensation.
(2) Investor warrants, after completion of Stage 1, to provide all funding required by ORIL, AGGL, BCP, the Club, Women Club and Stadium. If fails to do so, shall compensate the Sellers for all losses and expenses so incurred by Sellers, BSHL, ORIL, AGGL, BCP, the Club, Women Club and Stadium.
(3) Sellers warrants to procure BSHL to initiate the dispose of 75% BCP no later than 3 years after completion of stage 1 and as soon as BSHL meets the requirements to dispose of BCP. No indemnity required as 75% BCP already pledged in investor’s hand.
(4) Sellers warrants to reimburse the excess of the actual stage 2 consideration over £11.3m
|
|
|
Post by expatjohn on Jul 19, 2022 10:43:37 GMT
looks like Dans on the naughty step on SHA. Great timing. They are special over there🤣🤣🤣🤣🤣🤣🤣 Did he tell someone to piss off? Naughty maybe, but not desperate. Can't see any reason why he should be punished.
|
|
|
Post by choc on Jul 19, 2022 10:44:58 GMT
They have just said they have 21.64% with full control of the club and are the new owners.🤣😉😉
|
|
|
Post by blueinblack on Jul 19, 2022 10:46:20 GMT
|
|
|
Post by blueinblack on Jul 19, 2022 10:54:50 GMT
Richardson just posted on Instagram that ‘ We’ve done it’ and a video of him in the ground!! Sorry can’t link it.
|
|