Dean Holdsworth on verge of takeover

Breadman wrote:The way the deal was accepted last week (at the eleventh hour and fifty nine minutes, so to speak), combined with the way Birch looked decidedly nervous as he exited court, suggested to me at the time that it was only done to avoid ED having to stump up and pay HMRC what we owe them.

So it may be the case that ED's not convinced by it all either.

Like others, I'm still struggling to understand why a business like Sports Shield, whose fundamental  premise is to take investors' money and find ways of earning a return on it, would be happy to shell out £7.5 million to buy the club then invest a further £15 million simply to ensure its survival.

That's a bare minimum of £22.5 million, simply to acquire a football club which will be playing in English football's third tier next term.

I don't know how much Sky throw at League One in terms of TV money but I can't see it being that much.

The club's saddled with a squad full of players earning far more than they're worth and very few of them have contracts which are due to expire, so that means that under the restrictions applied under FFP, Sports Shield will be left having to pay the bulk of their wages out of their own pocket with little or no chance of seeing a return.

So, on paper at least, this deal makes no sense.

If I had £2 million to invest, there's no way I'd be handing it over to Holdsworth's lot and crossing my fingers that they would be able to turn it into £3 million by lobbing it into the Macron Money Pit.

It's all very odd and I fear we're nowhere near out of the woods yet.

What chance the Football League aren't satisfied and we slide inexorably into Administration before the 7th?

Hipster_Nebula wrote:Football League - where are you getting the money? 

SS - Can I just put you on hold for a second.

FL - Hello? Hello?

Hipster_Nebula wrote:Football League - where are you getting the money? 

SS - Can I just put you on hold for a second.

FL - Hello? Hello?

Boggersbelief wrote:

Hipster_Nebula wrote:Football League - where are you getting the money? 

SS - Can I just put you on hold for a second.

FL - Hello? Hello?

A meeting as important as this would not be conducted over a telephone.

Boggersbelief wrote:It's looking increasingly likely that Deano and his consortium don't have a pot to piss in. They'll probably scrape through a deal and become owners but they won't be able to take us forwards

only at bwfc could a takeover be met with mild disappointment than the usual optimism.

Boggersbelief wrote:You were saying it based on nothing though.

Boggersbelief wrote:You were saying it based on nothing though.

Hipster_Nebula wrote:

Boggersbelief wrote:You were saying it based on nothing though.

Just based on the course of events and the people involved.

but obviously everything is speculation.