[You must be registered and logged in to see this link.] wrote:
New owners are right around the corner
What we do know or believe to know:
KA is no fool... he's been around as an agent... and he's had his hand slapped by the FA.
Deano... decent player who made a deal with the devil... high interest for a loan which he did not have the capital to payback. Lost his funding at the last minute and then made a deal with KA.
PG... a certified accountant, may he rest in peace, but was not a good negotiator of talent on the field... we buy high and sell low or for nothing. Books he kept are now suspect as reported by DeLoitte... no great surprise as KA has shouted that the financials will be ugly reading and he was correct. Monies due many entities that were heretofore unknown.
ED... probably an owner who did not know the extent of the losses and with speculation added, found out when he heard he was selling the club. Further speculation was that he used the tax benefits during the period PG kept the books... maybe and this is a maybe, not knowing the full extent of the real books.
KA... being no fool, and wanting to get his money out first, has been looking for "new capital," or perhaps new ownership. His business acumen which he shared with us is that he is trying to get the club to run breakeven. I would venture to say the injuries that were sustained this year and the hidden outstanding loans and unpaid bills have set him back from what he probably thought was an achievable goal. Whether that goal is realistic or not will depend on the ensuing litigation between the parties. I would say someone may wind up in the slammer after all is said and done, if they don't work out a settlement. As I don't know the business laws in the UK, it is premature to speculate... but that would be the worst case scenario. Good sense says they will settle. KA has a right to make a profit, and has a right to sell on. The question is who is telling the truth, and who owns what percentages. KA cannot sell on until this is adjudicated... so the quicker they settle, the better for all of us.
Parky - Will want out after this year unless new funding is on the way.
The team - We know what happened last season when they were paid late.
Stay tuned... maybe Richard Branson has some extra money and needs some tax write-offs.
With all that said... cmon lads... show us something this week and start a streak of wins.