G STAR RAM

Id be absolutely astounded if Wisdom went to a Premier League club.
His career has declined at an alarming rate. Lacks ability and concentration and seems to think the answer to every situation is a shoulder charge.
I fear after the season we have had our Crown jewels value will have taken a battering.
Think we should persevere with the youngsters and shed some more high earners.

Any comments from all of the people that have decided the guy is a 'chancer' based on completely factually incorrect information in the Daily Mail now?

I am not even sure that the debt is on the club in the first place. 
Total guesswork but I would imagine the debt is with the Gellaw company that owns the ground and then this money was loaned to the club by Gellaw to cover cash flow and consequently reduced the £75m owed to the club. ONCE AGAIN I STRESS THIS IS PURE GUESSWORK, IS NOT BACKED UP BY ANY FACTUAL EVIDENCE! But it would seem the logical thing to do.
If this is how things have been structured, then Alonso (or what ever entity is purchasing the ground) would simply step into the shoes of the Gellaw company in owning the ground but also being responsible for the loans secured against it.

I am not even sure that the debt is on the club in the first place. 
Total guesswork but I would imagine the debt is with the Gellaw company that owns the ground and then this money was loaned to the club by Gellaw to cover cash flow and consequently reduced the £75m owed to the club. ONCE AGAIN I STRESS THIS IS PURE GUESSWORK, IS NOT BACKED UP BY ANY FACTUAL EVIDENCE! But it would seem the logical thing to do.
If this is how things have been structured, then Alonso (or what ever entity is purchasing the ground) would simply step into the shoes of the Gellaw company in owning the ground but also being responsible for the loans secured against it.

I don't think any media outlet should be applauded for publishing factually incorrect information.
They have not really forced the issue, they have forced someone to have to come out and defend themselves against their made up story, and in the meantime many fans have now decided this guy is a 'chancer' on the back of this story.

I edited that part out as I forgot about the MSD loan itself

Nah, why would they do that, the hearsay and rumour mongering from that frequently wrong dirtrag is much more reputable than the guy actually coming on radio and talking about it and telling us what's happening....
I don't know why he bothered no one will believe him, it says volumes on here that the report comes out, the guy comes on to rubbish it and people moan that he is actually saying something and not keeping quiet cos 'thats what he said'
 

Im sure he wishes he had done.
Dont think anyone buys a football club with the intention of making money and it going tits up.
I can guarantee that alot of the people who, in hindsight, are slating him for throwing his money into the club will be calling for whoever the next owner is to do exactly the same.

I don't think any media outlet should be applauded for publishing factually incorrect information.
They have not really forced the issue, they have forced someone to have to come out and defend themselves against their made up story, and in the meantime many fans have now decided this guy is a 'chancer' on the back of this story.

I don't think any media outlet should be applauded for publishing factually incorrect information.
They have not really forced the issue, they have forced someone to have to come out and defend themselves against their made up story, and in the meantime many fans have now decided this guy is a 'chancer' on the back of this story.

I don't think any media outlet should be applauded for publishing factually incorrect information.
They have not really forced the issue, they have forced someone to have to come out and defend themselves against their made up story, and in the meantime many fans have now decided this guy is a 'chancer' on the back of this story.

I don't think any media outlet should be applauded for publishing factually incorrect information.
They have not really forced the issue, they have forced someone to have to come out and defend themselves against their made up story, and in the meantime many fans have now decided this guy is a 'chancer' on the back of this story.

Did these people not listen to the interview or did they just not understand what was being said?
My take on it was that he wants the loan from MSD transferring from Gellaw to him personally (or whatever vehicle he is buying the club in) that way, rather than using the money to clear the MSD loan it can be used for funding the club instead.
I am not sure how that equates to a leveraged buyout?
 

Rough guide
                                          2018                               2014
                                            £m                                  £m
ASSETS
Players                               50                                     3
Land, property etc            14                                    53
Inter-company loan           75                                     -              (this is the money owed for the sale of the ground)
Cash                                     3                                     1
Owed for players                 2                                      -
Other                                    3                                      4
TOTAL                              147                                     61
 
LIABILITIES
Bank loans                          3                                       15
Deferred income                6                                         8         (I would guess that this relates mainly to season ticket income)
Other                                   3                                        8
Owed for players              13                                        2
TOTAL                                25                                     33
 
NET ASSETS                   122                                      28
 
Roughly the net assets have gone up by the profit made on the ground of circa £40m plus the increase in player values of £50m, both are which are paper transactions. In summary, up to 30 June 2018, as MM had funded the club through equity we were are pretty much in the same financial position as we were when he took over, except the ground has been replaced with a debtor of £80m.
Of course the key is what has happened between 2018 and today. Has the £75m been paid to the club? I think I read somewhere that it would be paid over 8 years in instalments of £10m but I have not seen that confirmed anywhere. Has the club been laden with debt or has the parent company borrowed the money against the ground and then loaned that money to the club?
 

I don't think any media outlet should be applauded for publishing factually incorrect information.
They have not really forced the issue, they have forced someone to have to come out and defend themselves against their made up story, and in the meantime many fans have now decided this guy is a 'chancer' on the back of this story.

Any comments from all of the people that have decided the guy is a 'chancer' based on completely factually incorrect information in the Daily Mail now?

Any comments from all of the people that have decided the guy is a 'chancer' based on completely factually incorrect information in the Daily Mail now?

Did these people not listen to the interview or did they just not understand what was being said?
My take on it was that he wants the loan from MSD transferring from Gellaw to him personally (or whatever vehicle he is buying the club in) that way, rather than using the money to clear the MSD loan it can be used for funding the club instead.
I am not sure how that equates to a leveraged buyout?
 

Did these people not listen to the interview or did they just not understand what was being said?
My take on it was that he wants the loan from MSD transferring from Gellaw to him personally (or whatever vehicle he is buying the club in) that way, rather than using the money to clear the MSD loan it can be used for funding the club instead.
I am not sure how that equates to a leveraged buyout?
 

Any comments from all of the people that have decided the guy is a 'chancer' based on completely factually incorrect information in the Daily Mail now?

Any comments from all of the people that have decided the guy is a 'chancer' based on completely factually incorrect information in the Daily Mail now?

Simon Jordan  has no problem shooting from the hip and upsetting whoever’s in his crosshairs along the way.
Both him and Jim White have torn clubs and owners to shreds in the past, particularly in the cases of Bolton / Wigan and Blackpool. 
I take a lot of comfort from him providing a positive spin on this takeover and adding weight that Alonso has the financial means to buy the club and keep it going. If he thought this was dodgy or that Alonso wasn’t credible, he’d be absolutely trashing both him and the club, no doubt about it. 
I also think it’s fantastic that Talksport are able to quickly go to source on any rumours by calling Alonso out to answer the allegations being made. 
Fair play to both Simon Jordan and Jim White.
 
 

Only way this won’t happen is if the EFL block it. With Trevor Birch overseeing the process if this is dodgy he will discover it and block it. If he doesn’t then it’s legit and we move on. The snippets of the Alonso interview seem logical and reasonable. Makes sense.
 
The unknown is he’s a foreign owner with no connection to the club and we don’t know his backers or their intentions, but they are not buying the club for £3 as it’s going into administration a la 3 amigos. 
 
As for Simon Jordan. He’s been quite vocal on this a few times now in a positive way about Alonso. He reckons he has a very reliable source, he risks making himself look a complete plank if he turns dodgy so he’s not going to share that opinion lightly unless he knows something. 
 
I have a warmer feeling than I did first thing this morning, but we are not ploughing into administration, the takeover is still ahead the ONLY concern right now is Saturday.

Any comments from all of the people that have decided the guy is a 'chancer' based on completely factually incorrect information in the Daily Mail now?

Wait until Trevor Birch gives his okay and then it becomes clearer.