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Post by bluescharlie on Jul 19, 2022 10:57:34 GMT
And they want to bring Matt southall in as ceo. Tells you all you need to know with him involved. Makes Dong look competent. Better hope this is not true
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Post by TILTON on Jul 19, 2022 10:58:03 GMT
When I see official announcement via the club I will be happier.
I did note Richardson crucially said the 21% is still contractually meaning they have FULL CONTROL!
It really does need their billionaire Argentinian geezer to join in to make it a big ambitious thing!
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Post by westheathen on Jul 19, 2022 10:58:26 GMT
Borrowed the money to buy a stake and Southall as ceo, oh yippeee ! God help us. Oh and The new manager already on borrowed time. What a time to be alive 🙄
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Post by bluescharlie on Jul 19, 2022 11:06:06 GMT
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Post by tonyhancock on Jul 19, 2022 11:12:58 GMT
So bugger all to do with Sully, then ?
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Post by choc on Jul 19, 2022 11:19:31 GMT
So bugger all to do with Sully, then ? They got to call him next week 🤣🤣 |
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Post by tonyhancock on Jul 19, 2022 11:25:12 GMT
So bugger all to do with Sully, then ? They got to call him next week 🤣🤣 Is winning the league still on ? |
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Post by honkybluenose on Jul 19, 2022 11:26:48 GMT
Borrowed the money to buy a stake and Southall as ceo, oh yippeee ! God help us. Oh and The new manager already on borrowed time. What a time to be alive 🙄 If the deal is on the terms that glosbigblue has now posted they have borrowed the money to take full ownership not just a stake. That’s the point. Pay now, take control now, cover the losses now, get the shares later. |
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Post by bluepeter on Jul 19, 2022 11:32:25 GMT
Richardson just posted on Instagram that ‘ We’ve done it’ and a video of him in the ground!! Sorry can’t link it. Surprised he can get into the ground with all the construction work taking place |
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Post by vendeeblueroger on Jul 19, 2022 11:35:20 GMT
And they want to bring Matt southall in as ceo. Tells you all you need to know with him involved. Makes Dong look competent. Better hope this is not true “ And they want to bring Matt Southall in as CEO “ . Is this a belief or a quote from Richardson/Lopez ? I have listened to the Talksport interview and the only names I heard mentioned were Richardson , Lopez and Sharp . |
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Post by BluenoseB on Jul 19, 2022 11:43:28 GMT
And they want to bring Matt southall in as ceo. Tells you all you need to know with him involved. Makes Dong look competent. Better hope this is not true “ And they want to bring Matt Southall in as CEO “ . Is this a belief or a quote from Richardson/Lopez ? I have listened to the Talksport interview and the only names I heard mentioned were Richardson , Lopez and Sharp . Hes quoted in birmingham mail. |
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Post by ramsey on Jul 19, 2022 11:44:39 GMT
And they want to bring Matt southall in as ceo. Tells you all you need to know with him involved. Makes Dong look competent. Better hope this is not true “ And they want to bring Matt Southall in as CEO “ . Is this a belief or a quote from Richardson/Lopez ? I have listened to the Talksport interview and the only names I heard mentioned were Richardson , Lopez and Sharp . Confirmed to the Mail. There will be a new CFO and Matt Southall will be CEO. |
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Post by ramsey on Jul 19, 2022 11:47:07 GMT
Overall, I don't think this is good news.
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Post by blueinblack on Jul 19, 2022 11:48:04 GMT
They got to call him next week 🤣🤣 Is winning the league still on ? The Jordan v Bassini fight is still on!! |
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Post by vendeeblueroger on Jul 19, 2022 11:51:55 GMT
“ And they want to bring Matt Southall in as CEO “ . Is this a belief or a quote from Richardson/Lopez ? I have listened to the Talksport interview and the only names I heard mentioned were Richardson , Lopez and Sharp . Confirmed to the Mail. There will be a new CFO and Matt Southall will be CEO. I have just read the comments in the BM . I wonder why he didn’t mention said appointments on the radio ? it’s not a good start to appoint someone with such a poor CV . |
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Post by waggy on Jul 19, 2022 11:53:39 GMT
Even though I still feel like I'll believe it when I see it. I found that interview with Richardson pretty reassuring.
He came across as calm, measured and very sensible. Still a few doubts like Southall and where the money is coming from. But there's signs we might one day be run like a proper business and a normal football club.
Wouldn't that make a nice change.
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Post by BluenoseB on Jul 19, 2022 11:55:19 GMT
ie. Eustwce comments, surely Richardson being a fan remembers these clowns coming in and getting rid of a good manager for a fancy name and supposed fancy football. Hoepfully doesnt do the same as have a feeling lopez will wanna go this way.
No saying Eustace is Guardiola but would at least want to see him given a a chance after what seems a good pre season under him and the players buying into his methods.
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Post by vendeeblueroger on Jul 19, 2022 12:09:30 GMT
I looked up Maxco Capital on the Companies House records when Team Lopez first got mentioned .
At that time there were 3 “ active persons with significant control “ ( a Companies House term for shareholders )
Paul Richardson
Maxi Lopez
Christian Codoma ( * )
(*) Companies House show he ceased being active on 23 May 2022
So now there are 2 . It appears that Team Lopez are going to use Maxco as their vehicle to purchase BCFC ( although that is not yet confirmed ) .
Christian Codoma has been described on these pages as an “ Argentinian billionaire “ . I don’t know the source of this or what he is a billionaire in but if it’s the Argentinian peso
that makes him worth just over £7 million ( 1,000,000,000 divided by 139 pesos to the £1 ) . I have conducted quite a few searches but non indicate that he is a US dollar or U.K. pound billionaire . So unless more information is released about him I don’t think we should rely on him funding BCFC at billionaire levels .
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Post by gammo on Jul 19, 2022 12:17:44 GMT
I can't believe what is happening - a total nightmare........WTF am I going to do with this Bassini tattoo I've had done? 🤭
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Post by ramsey on Jul 19, 2022 12:29:36 GMT
I can't believe what is happening - a total nightmare........WTF am I going to do with this Bassini tattoo I've had done? 🤭 I think we may regret not getting Bassini. He was as funny as fcuk and he was going to win the league. What's not to like. |
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Post by blueshark on Jul 19, 2022 12:34:34 GMT
Even though I still feel like I'll believe it when I see it. I found that interview with Richardson pretty reassuring. He came across as calm, measured and very sensible. Still a few doubts like Southall and where the money is coming from. But there's signs we might one day be run like a proper business and a normal football club. Wouldn't that make a nice change. THIS! Our first Bluenose Chairman since Keith Coombs all those years ago |
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Post by stevo on Jul 19, 2022 13:11:46 GMT
So Southall also has connections with Bassini.They were both involved in the Bolton fiasco.
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Post by choc on Jul 19, 2022 13:28:30 GMT
Plenty of time for this deal to crash and burn yet. I hope it does.
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Post by bluepeter on Jul 19, 2022 13:45:15 GMT
Plenty of time for this deal to crash and burn yet. I hope it does. Although I did like your suggestion of Elon Musk rocking up, and claiming his not-widely known lifelong love of Blues! |
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Post by glosbigblue on Jul 19, 2022 13:49:58 GMT
Borrowed the money to buy a stake and Southall as ceo, oh yippeee ! God help us. Oh and The new manager already on borrowed time. What a time to be alive 🙄 If the deal is on the terms that glosbigblue has now posted they have borrowed the money to take full ownership not just a stake. That’s the point. Pay now, take control now, cover the losses now, get the shares later. Yep, that’s pretty much the bones of it. Heavily skewed in favour of BSHL but you can kind of see the logic. My concern is more about the borrowing to finance the deal and ongoing outgoings. |
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Post by vendeeblueroger on Jul 19, 2022 13:50:58 GMT
Lopez said the money is coming from their own bank accounts .
Richardson said the money is coming from their own bank accounts plus borrowings .
Both could be true of course ( eg money from a loan goes into your bank account ) but it’s not a good start for Team Lopez to communicate different views on the funding .
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Post by bubba on Jul 19, 2022 14:04:33 GMT
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.
Agreed, sorry didn't get to this before but like you I did think this had a much higher chance of getting done and I'm pretty gutted as firmly believe this was the worst of all likely outcomes.
Been catching up for the last hour or so and there's almost zero meat on the bones of the 'deal' with the exception of PR saying it was for similar figures to what has already been put out there.
I predict
I assume the existing bcfc debt will either completely or largely be written off.
Costs will continue being cut and big wage earners released until the deal for the rest of the club from BSH is done in 2-3 years.
The renumeration of owners and directors will be generous.
Once they fully own the club further finance will be loaded onto the club, possibly even the original purchase price.
That financing will be used to further pad owners and directors salaries and benefits aswell as invest in the team.
Agents will love the club and not mind some brown envolopes to pay for the privilege of doing business with us.
When it all goes tits up they'll walk away havng milked the club for years and taken back ther original 'investment' leaving the creditors to fight over the carcass.
It wouldn't surprise me if they had plans for offloading the stadium either.
Richardson saying he's been friends with Southall for ten years plus isn't an endorsement of Southall, it's a total condemnation of either Richardson's judgement or his character. Southall's past is on record, and Richardson's claim to wanting someone who's worked in tough environments is ludicrous, only a moron would swallow that and only someone being deceptive would claim it.
Genuinely we'd have been better off just staying with BSH and ORI until that blew up, this will drag on for years and when it ends it won't end well.
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Post by bubba on Jul 19, 2022 14:09:40 GMT
Borrowed the money to buy a stake and Southall as ceo, oh yippeee ! God help us. Oh and The new manager already on borrowed time. What a time to be alive 🙄 If the deal is on the terms that glosbigblue has now posted they have borrowed the money to take full ownership not just a stake. That’s the point. Pay now, take control now, cover the losses now, get the shares later.
Exactly
Shite deal for a buyer, but if your intentions are nefarious it matters less.
Gives BSH what they want (and likely need sooner rather than later)
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Post by choc on Jul 19, 2022 14:13:49 GMT
See the BBC not reporting anything. They are all interested though🥱
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Post by choc on Jul 19, 2022 14:15:55 GMT
If the deal is on the terms that glosbigblue has now posted they have borrowed the money to take full ownership not just a stake. That’s the point. Pay now, take control now, cover the losses now, get the shares later.
Exactly
Shite deal for a buyer, but if your intentions are nefarious it matters less.
Gives BSH what they want (and likely need sooner rather than later)
And that's why i would have waited a little longer |
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