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+--- Thread: Takeover (/showthread.php?tid=31655)
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RE: Takeover - Stourbridge Baggie - 01-04-2024
(01-04-2024, 11:23 AM)fuzzbox Wrote:(01-04-2024, 10:16 AM)baggiedave85 Wrote:(01-04-2024, 10:09 AM)Derek Hardballs Wrote:(01-04-2024, 10:05 AM)Birdman1811 Wrote: If anyone remembers when this lot bought us, it came very much out of the blue in some regards, we've always been secretive as a club.
I knew about the first potential failed takeover as I was asked to quote for something but it never happened as it fell through. The potential owners at the time may have just moved 8.8m down the road. It was never made clear who the potential investors may have been at the time.
Correct they did move down the road - all because of one man and his extra greed
I mentioned this on here at the time - I got it straight from the horse's mouth that there was a previous chinese bidder that agreed a price and it was accepted. When the time came to putting the money up they backtracked. He was then left with nowhere to go. At least that was his version of events.
He was amazed/relieved this one got over the line.
In hindsight, the warning signs were there right at the start. Lai more or less said he wouldn't put any money in. Turns out that was a mistranslation, he should of said couldn't....
Confirms what I was told at the time - I was also told that Jeremy had signed his part of the contract - contradicting views expressed above.
RE: Takeover - Duffers - 01-04-2024
(01-04-2024, 11:23 AM)fuzzbox Wrote:(01-04-2024, 10:16 AM)baggiedave85 Wrote:(01-04-2024, 10:09 AM)Derek Hardballs Wrote:(01-04-2024, 10:05 AM)Birdman1811 Wrote: If anyone remembers when this lot bought us, it came very much out of the blue in some regards, we've always been secretive as a club.
I knew about the first potential failed takeover as I was asked to quote for something but it never happened as it fell through. The potential owners at the time may have just moved 8.8m down the road. It was never made clear who the potential investors may have been at the time.
Correct they did move down the road - all because of one man and his extra greed
I mentioned this on here at the time - I got it straight from the horse's mouth that there was a previous chinese bidder that agreed a price and it was accepted. When the time came to putting the money up they backtracked. He was then left with nowhere to go. At least that was his version of events.
He was amazed/relieved this one got over the line.
In hindsight, the warning signs were there right at the start. Lai more or less said he wouldn't put any money in. Turns out that was a mistranslation, he should of said couldn't....
Lai's talk was of the club being self-sufficient without any need for external investment, which can work as we all know. We had been doing it for years, and doing it well when Ashworth was at the club.
Where it fell down was them appointing people to oversee the running of the club who were utterly fucking clueless.
RE: Takeover - Fulham Fallout - 01-04-2024
(01-04-2024, 02:19 PM)Duffers Wrote:(01-04-2024, 11:23 AM)fuzzbox Wrote:(01-04-2024, 10:16 AM)baggiedave85 Wrote:(01-04-2024, 10:09 AM)Derek Hardballs Wrote:(01-04-2024, 10:05 AM)Birdman1811 Wrote: If anyone remembers when this lot bought us, it came very much out of the blue in some regards, we've always been secretive as a club.
I knew about the first potential failed takeover as I was asked to quote for something but it never happened as it fell through. The potential owners at the time may have just moved 8.8m down the road. It was never made clear who the potential investors may have been at the time.
Correct they did move down the road - all because of one man and his extra greed
I mentioned this on here at the time - I got it straight from the horse's mouth that there was a previous chinese bidder that agreed a price and it was accepted. When the time came to putting the money up they backtracked. He was then left with nowhere to go. At least that was his version of events.
He was amazed/relieved this one got over the line.
In hindsight, the warning signs were there right at the start. Lai more or less said he wouldn't put any money in. Turns out that was a mistranslation, he should of said couldn't....
Lai's talk was of the club being self-sufficient without any need for external investment, which can work as we all know. We had been doing it for years, and doing it well when Ashworth was at the club.
Where it fell down was them appointing people to oversee the running of the club who were utterly fucking clueless.
Baldie taught Lai and Co how to run the club. Take out a loan and never pay it back.
RE: Takeover - Pragmatist - 01-04-2024
(01-04-2024, 11:23 AM)fuzzbox Wrote:(01-04-2024, 10:16 AM)baggiedave85 Wrote:(01-04-2024, 10:09 AM)Derek Hardballs Wrote:(01-04-2024, 10:05 AM)Birdman1811 Wrote: If anyone remembers when this lot bought us, it came very much out of the blue in some regards, we've always been secretive as a club.
I knew about the first potential failed takeover as I was asked to quote for something but it never happened as it fell through. The potential owners at the time may have just moved 8.8m down the road. It was never made clear who the potential investors may have been at the time.
Correct they did move down the road - all because of one man and his extra greed
I mentioned this on here at the time - I got it straight from the horse's mouth that there was a previous chinese bidder that agreed a price and it was accepted. When the time came to putting the money up they backtracked. He was then left with nowhere to go. At least that was his version of events.
He was amazed/relieved this one got over the line.
In hindsight, the warning signs were there right at the start. Lai more or less said he wouldn't put any money in. Turns out that was a mistranslation, he should have said couldn't....
And he didn’t say that rather than putting in he would actually take out!
A
RE: Takeover - Stourbridge Baggie - 01-04-2024
According to Lewis Cox - things moving quickly now. Club announcement next week may not be wide of the mark
RE: Takeover - Tom Joad - 01-04-2024
(01-04-2024, 04:58 PM)Stourbridge Baggie Wrote: According to Lewis Cox - things moving quickly now. Club announcement next week may not be wide of the mark
Hope they aren't going to announce they are monitoring a takeover.
RE: Takeover - Peachy - 01-04-2024
Interesting Cox says it's an American group led by a representative from another country. The plot thickens....
RE: Takeover - NewWanker - 01-04-2024
(01-04-2024, 09:34 PM)Peachy Wrote: Interesting Cox says it's an American group led by a representative from another country. The plot thickens....
Barry Bannan aint a yank is he? That fits...
RE: Takeover - Derek Hardballs - 01-04-2024
Is it Mathew Marsden and the cast of Black Hawk Down?
RE: Takeover - CaptainFantastico - 01-04-2024
(01-04-2024, 04:58 PM)Stourbridge Baggie Wrote: According to Lewis Cox - things moving quickly now. Club announcement next week may not be wide of the mark
For whatever reason - possibly stock markets (not for us though as we are a private entity) coordination underway for announcement. Bearing in mind this means coordinating across at least 3 continents