Three simple questions - RedPassion.co.uk

bristol redder · 14th September 2020, 21.08:02

Firstly I’m very positive that there is a possibility of outside investment into the club. However three simple questions before we start

1 Who has decided the potential investors pass the “ fit and proper test “ of an owner of a football club . Just look at what happened with Newcastle ( and that reached an agreed deal ) let alone wrexham with their previous owners or potential owners.

2 what is the commitment of the investors to this deal . Is there for example a non returnable deposit say 2.5 % of of the investment ( so say £50k) to cover the clubs professional costs . I think it is vital the club doesn’t run up advisory costs on a failed deal and the club needs the right advice . No issue from me on NDAs but the club has to have a cash commitment before a process starts.

3 I probably believe the value of the business is a nominal amount but what is guarantee if the club is sold for say a “£1” the funding of £2m does come through. How do you ensure the suggested £2m is invested ( once the club is bought ) and over what time scales ( eg 10 years or 1 year as opposite examples ) and for what can the “ guaranteed “ cash be used for . History also tells us previous football clubs have been bought and the promised cash never appeared eg Wigan.

bristol redder · 14th September 2020, 21.09:01

Can these be part of the “ answered questions “ please

Quay Red · 14th September 2020, 22.51:23

Quote:

Originally Posted by bristol redder

Can these be part of the “ answered questions “ please

Can only answer Q1. The league decides on the "fit and proper test"

the other questions should and will probably be put to any potential purchaser and the answers will be included in the recommendation for approval or rejection of the offer.

harrypothead · 15th September 2020, 05.05:30

Imidiate 2 million investment into the club means this will be paid straight away and this will be spent how the new owners feel thay it should. The club will be sold and the new owners will have full say of how the club is run and how their money is spent.

dragonspark · 15th September 2020, 06.57:42

its simple vote to allow it to go to next stage then all or most will be revealed

moynkeepthefaith · 15th September 2020, 07.00:35

Quote:

Originally Posted by dragonspark

its simple vote to allow it to go to next stage then all or most will be revealed

Of course you are right. Second guessing will bring nothing. If you agree that in principle we should talk to them then vote yes. In my opinion it would be a great shame not to take it further. It will for sure anyway require a further vote so what is to lose ?

dragonspark · 15th September 2020, 07.03:56

its the comments of others who are against any form of takeover that are worrying me, those of us who are not members have to put our faith into the members to do the sensible thing

krux · 15th September 2020, 07.23:20

Quote:

Originally Posted by dragonspark

its simple vote to allow it to go to next stage then all or most will be revealed

This. We can check it all stacks up at the next stage
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Willywill · 15th September 2020, 07.28:48

At this stage we have to vote yes. Its just agreeing to scrutinise the small detail. Only Luddites will try to block it at this point.

14th September 2020, 21.08:02	#1-0 (permalink)
bristol redder Squad Player Joined: Aug 2010 Racecourse Spot: none given Real Name: richard Twitter: @	Three simple questions Firstly I’m very positive that there is a possibility of outside investment into the club. However three simple questions before we start 1 Who has decided the potential investors pass the “ fit and proper test “ of an owner of a football club . Just look at what happened with Newcastle ( and that reached an agreed deal ) let alone wrexham with their previous owners or potential owners. 2 what is the commitment of the investors to this deal . Is there for example a non returnable deposit say 2.5 % of of the investment ( so say £50k) to cover the clubs professional costs . I think it is vital the club doesn’t run up advisory costs on a failed deal and the club needs the right advice . No issue from me on NDAs but the club has to have a cash commitment before a process starts. 3 I probably believe the value of the business is a nominal amount but what is guarantee if the club is sold for say a “£1” the funding of £2m does come through. How do you ensure the suggested £2m is invested ( once the club is bought ) and over what time scales ( eg 10 years or 1 year as opposite examples ) and for what can the “ guaranteed “ cash be used for . History also tells us previous football clubs have been bought and the promised cash never appeared eg Wigan.

14th September 2020, 21.09:01	#2-0 (permalink)
bristol redder Squad Player Joined: Aug 2010 Racecourse Spot: none given Real Name: richard Twitter: @	Re: Three simple questions Can these be part of the “ answered questions “ please

15th September 2020, 05.05:30	#4-0 (permalink)
harrypothead Legend Joined: Nov 2004 Racecourse Spot: Used to be the back of the KOP! Real Name: Tom Twitter: @@tomtitch	Re: Three simple questions Imidiate 2 million investment into the club means this will be paid straight away and this will be spent how the new owners feel thay it should. The club will be sold and the new owners will have full say of how the club is run and how their money is spent. __________________ Mr Panesar said: "Gurman Singh was well-regarded, well-respected. He did know his job, he did know how to apply the laws of refereeing in a wholly impartial and competent fashion."

15th September 2020, 06.57:42	#5-0 (permalink)
dragonspark - Joined: Jun 2014 Racecourse Spot: yale stand Real Name: none given Twitter: @	Re: Three simple questions its simple vote to allow it to go to next stage then all or most will be revealed

15th September 2020, 07.03:56	#7-0 (permalink)
dragonspark - Joined: Jun 2014 Racecourse Spot: yale stand Real Name: none given Twitter: @	Re: Three simple questions its the comments of others who are against any form of takeover that are worrying me, those of us who are not members have to put our faith into the members to do the sensible thing

15th September 2020, 07.28:48	#9-0 (permalink)
Willywill Due a Testimonial Joined: Oct 2004 Racecourse Spot: Yale stand Real Name: Johnny Windows Twitter: @	Re: Three simple questions At this stage we have to vote yes. Its just agreeing to scrutinise the small detail. Only Luddites will try to block it at this point.