Curtains Posted April 7, 2022 Share Posted April 7, 2022 1 minute ago, hintonsboots said: A question for the collective. A few posters have attempted to estimate CK’s wealth and we don’t know if he is backed by other investors. If he is at a reasonable wealth level, I think somebody said similar to Mel ( although that’s unknown) why not buy the stadium? Because 60 Million at a lower end estimate is a massive gamble for what could be a Div 1 club with no players . He can lease and then buy the Stadium at a later date when hopefully we are on the way to recovery from this awful mess Miggins and jono 2 Link to comment Share on other sites More sharing options...
kevinhectoring Posted April 7, 2022 Share Posted April 7, 2022 6 minutes ago, FlyBritishMidland said: I don’t think ‘preferred bidder’ is Quantuma’s term. If so, why have clubs in administration announced a ‘preferred bidder’ why are Chelsea (although not in administration) about to choose a ‘preferred bidderk out of the four that have bid. Are they all wrong? Certainly PB is not Q’s term. They should be focused on getting CK on a contractual hook so it’s a foolish term for them to use Chelsea is quite different. The timetable for diligence is compressed (comedy stories coming out of the club right now about the process). More important Chelsea are in little danger of going bust if they lose a PB. If cK withdraws after 6 weeks negotiation we are in onechop territory Link to comment Share on other sites More sharing options...
Curtains Posted April 7, 2022 Share Posted April 7, 2022 Just now, kevinhectoring said: Certainly PB is not Q’s term. They should be focused on getting CK on a contractual hook so it’s a foolish term for them to use Chelsea is quite different. The timetable for diligence is compressed (comedy stories coming out of the club right now about the process). More important Chelsea are in little danger of going bust if they lose a PB. If cK withdraws after 6 weeks negotiation we are in onechop territory We have been in that territory for a while until City Council intervened on the Stadium with Mel which brought CK back to the table. Why Ashley and Appleby chose to stay on the fence was presumably it’s still a massive gamble jono 1 Link to comment Share on other sites More sharing options...
Gaspode Posted April 7, 2022 Share Posted April 7, 2022 1 minute ago, Curtains said: Because 60 Million at a lower end estimate is a massive gamble for what could be a Div 1 club with no players . He can lease and then buy the Stadium at a later date when hopefully we are on the way to recovery from this awful mess Also, most very wealthy folk have their money tied up in medium to long-term investments - why take a hit by pulling money out of one of those (with associated costs) when he can potenttially pay a million or two per year while he restructures his money? I absolutely understand a new owner wanting the security of owning the stadium alongside the club, but if there's a cast iron guarantee that he can purchase the ground at a later date, it makes sense to rent initially..... Curtains, Miggins, RamuelLJackson and 1 other 1 3 Link to comment Share on other sites More sharing options...
duncanjwitham Posted April 7, 2022 Share Posted April 7, 2022 9 hours ago, kevinhectoring said: No. They have bamboozled fans with the use of this daft term ‘preferred bidder’ It's a term that seems to have been used in a similar way, by almost every single administrator of a football club in the last decade: Wigan: https://www.skysports.com/football/news/11682/12033740/wigan-athletic-preffered-bidder-selected-by-administrators-of-stricken-club Wigan again (different bidder): https://www.belfasttelegraph.co.uk/sport/football/wigan-administrators-reach-agreement-with-preferred-bidder-for-club-39576862.html Bolton: https://www.manchestereveningnews.co.uk/news/greater-manchester-news/bolton-wanderers-preferred-bidder-accepted-16423526 Coventry: https://www.coventrytelegraph.net/sport/football/football-news/coventry-city-fc-administrator-selects-4317423 Aldershot Towen: https://www.bbc.co.uk/sport/football/23097932 Port Vale: https://www.independent.co.uk/sport/football/football-league/wildes-named-leading-bidder-for-port-vale-8213969.html Portsmouth: https://www.theguardian.com/football/2012/oct/18/portsmouth-supporters-trust-bid Hearts: https://www.bbc.co.uk/sport/football/23710037 Dunfermline: https://www.bbc.co.uk/sport/football/23198170 Caerphilly Ram, Gaspode, RamuelLJackson and 1 other 1 3 Link to comment Share on other sites More sharing options...
RoyMac5 Posted April 7, 2022 Share Posted April 7, 2022 12 minutes ago, Curtains said: So you aren’t inferring he might be the wrong fit then by all this ! What are you inferring? I care about the Club, you think just because he's PB it'll all be rosy. Link to comment Share on other sites More sharing options...
roboto Posted April 7, 2022 Share Posted April 7, 2022 The immediate investment needs to go into the playing squad. Once we're back on track there, then I'm sure the stadium will follow. Hopefully DCC might be able to get the stadium from Mel, so that poison is well and truly out of DCFC and its affairs for good. Link to comment Share on other sites More sharing options...
RoyMac5 Posted April 7, 2022 Share Posted April 7, 2022 1 minute ago, duncanjwitham said: It's a term that seems to have been used in a similar way, by almost every single administrator of a football club in the last decade: Wigan: https://www.skysports.com/football/news/11682/12033740/wigan-athletic-preffered-bidder-selected-by-administrators-of-stricken-club Wigan again (different bidder): https://www.belfasttelegraph.co.uk/sport/football/wigan-administrators-reach-agreement-with-preferred-bidder-for-club-39576862.html Bolton: https://www.manchestereveningnews.co.uk/news/greater-manchester-news/bolton-wanderers-preferred-bidder-accepted-16423526 Coventry: https://www.coventrytelegraph.net/sport/football/football-news/coventry-city-fc-administrator-selects-4317423 Aldershot Towen: https://www.bbc.co.uk/sport/football/23097932 Port Vale: https://www.independent.co.uk/sport/football/football-league/wildes-named-leading-bidder-for-port-vale-8213969.html Portsmouth: https://www.theguardian.com/football/2012/oct/18/portsmouth-supporters-trust-bid Hearts: https://www.bbc.co.uk/sport/football/23710037 Dunfermline: https://www.bbc.co.uk/sport/football/23198170 Any idea how long the period of exclusivity is. I presume it's set by Q? Link to comment Share on other sites More sharing options...
Stive Pesley Posted April 7, 2022 Share Posted April 7, 2022 1 minute ago, RoyMac5 said: Any idea how long the period of exclusivity is. I presume it's set by Q? You'll be pleasantly surprised by how long it is (etc) RoyMac5, Chester40 and Hans Datdo-Dishes 3 Link to comment Share on other sites More sharing options...
Curtains Posted April 7, 2022 Share Posted April 7, 2022 2 minutes ago, RoyMac5 said: What are you inferring? I care about the Club, you think just because he's PB it'll all be rosy. We all care about the club Link to comment Share on other sites More sharing options...
RoyMac5 Posted April 7, 2022 Share Posted April 7, 2022 Just now, Curtains said: We all care about the club And the second part, you think it's all rosy now? We need to know what is going on and when, just in case... Link to comment Share on other sites More sharing options...
May Contain Nuts Posted April 7, 2022 Share Posted April 7, 2022 Just now, Stive Pesley said: You'll be pleasantly surprised by how long it is (etc) Wolfie, i-Ram, Stive Pesley and 1 other 4 Link to comment Share on other sites More sharing options...
duncanjwitham Posted April 7, 2022 Share Posted April 7, 2022 1 minute ago, RoyMac5 said: Any idea how long the period of exclusivity is. I presume it's set by Q? I don't think anyone outside of the process knows. Or what commitments (funding etc) Kirchner has given in return. Presumably it must be a reasonable length of time (at least a month, you'd have thought), to give enough time to get a deal pretty much there. RoyMac5 1 Link to comment Share on other sites More sharing options...
Curtains Posted April 7, 2022 Share Posted April 7, 2022 Just now, RoyMac5 said: And the second part, you think it's all rosy now? We need to know what is going on and when, just in case... Well you need to wait about 3 to 4 weeks with nothing said according to Gerald Krasner on RD last night who did Wigan Administration . Maybe you should listen Link to comment Share on other sites More sharing options...
Topram Posted April 7, 2022 Share Posted April 7, 2022 Don’t want to sound negative and I’m sure others probably think the same but just got a feeling Kirchner won’t end up as our owner, no idea why just don’t see this being the end yet! Hope I’m wrong hintonsboots, jimtastic56, r_wilcockson and 1 other 2 1 1 Link to comment Share on other sites More sharing options...
RoyMac5 Posted April 7, 2022 Share Posted April 7, 2022 Just now, Curtains said: Well you need to wait about 3 to 4 weeks with nothing said according to Gerald Krasner on RD last night who did Wigan Administration . Maybe you should listen Maybe I should. But I'd have to know it existed first, why didn't you mention before when I asked? Curtains 1 Link to comment Share on other sites More sharing options...
Curtains Posted April 7, 2022 Share Posted April 7, 2022 Just now, RoyMac5 said: Maybe I should. But I'd have to know it existed first, why didn't you mention before when I asked? Sorry I didn’t think ? RoyMac5 1 Link to comment Share on other sites More sharing options...
IslandExile Posted April 7, 2022 Share Posted April 7, 2022 6 minutes ago, duncanjwitham said: It's a term that seems to have been used in a similar way, by almost every single administrator of a football club in the last decade: Wigan: https://www.skysports.com/football/news/11682/12033740/wigan-athletic-preffered-bidder-selected-by-administrators-of-stricken-club Wigan again (different bidder): https://www.belfasttelegraph.co.uk/sport/football/wigan-administrators-reach-agreement-with-preferred-bidder-for-club-39576862.html Bolton: https://www.manchestereveningnews.co.uk/news/greater-manchester-news/bolton-wanderers-preferred-bidder-accepted-16423526 Coventry: https://www.coventrytelegraph.net/sport/football/football-news/coventry-city-fc-administrator-selects-4317423 Aldershot Towen: https://www.bbc.co.uk/sport/football/23097932 Port Vale: https://www.independent.co.uk/sport/football/football-league/wildes-named-leading-bidder-for-port-vale-8213969.html Portsmouth: https://www.theguardian.com/football/2012/oct/18/portsmouth-supporters-trust-bid Hearts: https://www.bbc.co.uk/sport/football/23710037 Dunfermline: https://www.bbc.co.uk/sport/football/23198170 I would have thought 'preferred bidder', 'period of exclusivity' are all standard, legal aspects of the administration process. Please could anyone with more knowledge, time and patience than me say what the average time for those clubs to name a preferred bidder to actually confirming the sale and coming out of Administration. Link to comment Share on other sites More sharing options...
Black ('n' White) Sheep Posted April 7, 2022 Share Posted April 7, 2022 6 minutes ago, Stive Pesley said: You'll be pleasantly surprised by how long it is (etc) Not the first time you've said that? Stive Pesley, hintonsboots and jimtastic56 3 Link to comment Share on other sites More sharing options...
Curtains Posted April 7, 2022 Share Posted April 7, 2022 1 minute ago, IslandExile said: I would have thought 'preferred bidder', 'period of exclusivity' are all standard, legal aspects of the administration process. Please could anyone with more knowledge, time and patience than me say what the average time for those clubs to name a preferred bidder to actually confirming the sale and coming out of Administration. Get RD on BBC Sounds last night and listen to Gerald Krasner mate . He did Wigan case he’s very good IslandExile and RoyMac5 1 1 Link to comment Share on other sites More sharing options...
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