Borley - Something to think about ... SERIOUSLY

You get them on Thursday when your probation ends. Do you honestly think the CPS would be so silly as to let you have possession of matches going into the FA Cup replay with Bristol City? The CCS would be burnt to the ground... actually, here, have your matches!

I suppose we can then use all your lego to build Ninian Park back up again Chief

If we can't show some loyalty to Steve then we all fucked,he takes no credit, asks for nothing so th eleast we can do is respect his wishes.

if you believe this man wants what's best for the club rather than himself like so many others, then you'll support his call.
Let's show everyone how passionate we can be,the team need us and if we get behind them like we did at Bristol, I'm sure they'll respond.

Be patient (and you wont hear me saying that often) change for the better is coming soon, let's just bite the bullet a little bit longer.

Got it in for Ridsadle, witch hunt my arse, he ain't seen anything yet, I can't believe how passive we've become, the man don't know he's born.

gwyn you know a lot of whats going on,if we sell the club for 40 mil,how much will risdale get of it after the debts are paid

Been out all day - could somebody guide me to Steve's post rather than trawl through everything

Much appreciated

I suppose we can then use all your lego to build Ninian Park back up again Chief

Oi! Lego was awesome! Don't disrespect it with such piss taking!

Nah, I want to keep all my lego for myself. I'll make it out of playmobil... a step up!

oh come we can have the lego grange end that would be awsome Chief

viewtopic.php?f=2&t=3646#p31811

Cheers Owain

Not knowlegeable on finances at this level, but I believe the combined money value of all the original shares sold is around 11 million, if that is the case and the club sold for 40 million, every pounds worth of shares you own will return an almost four times increase in value. PR's seven hundred thousand pounds worth therefor would be worth 2.8+ millions approx, that's all allegedly of course.

Isn't this the important part of that message

"At a time when the club is in negotiations to intoduce more investment and is actively in discusions with interested parties"

That would seem to indicate that the negotiation stage has been reached with at least one of the potential investors (i.e. they are making offers) and that has arosed the interest of other parties who the club is in touch with.

Now this info comes from Steve Borley not PR so it should be spin free.

If so then surly we have an obligation to tow the line for now?

The Malaysians are the only Genuine ones at this moment Tony, and Borley and Guy are now dealing with them.

Everyone needs to hold there nerve. Borley is a true blue listen to the man

Isn't this the important part of that message

"At a time when the club is in negotiations to intoduce more investment and is actively in discusions with interested parties"

That would seem to indicate that the negotiation stage has been reached with at least one of the potential investors (i.e. they are making offers) and that has arosed the interest of other parties who the club is in touch with.

Now this info comes from Steve Borley not PR so it should be spin free.

If so then surly we have an obligation to tow the line for now?

The Malaysians are the only Genuine ones at this moment Tony, and Borley and Guy are now dealing with them.

Is there any idea on timescales? I have no idea how long it takes, but surely we'd ideally want it done before the transfer window closes?

Isn't this the important part of that message

"At a time when the club is in negotiations to intoduce more investment and is actively in discusions with interested parties"

That would seem to indicate that the negotiation stage has been reached with at least one of the potential investors (i.e. they are making offers) and that has arosed the interest of other parties who the club is in touch with.

Now this info comes from Steve Borley not PR so it should be spin free.

If so then surly we have an obligation to tow the line for now?

The Malaysians are the only Genuine ones at this moment Tony, and Borley and Guy are now dealing with them.

Is there any idea on timescales? I have no idea how long it takes, but surely we'd ideally want it done before the transfer window closes?

I would have thought February sometime at best, can't imagine anything happening this month

Isn't this the important part of that message

"At a time when the club is in negotiations to intoduce more investment and is actively in discusions with interested parties"

That would seem to indicate that the negotiation stage has been reached with at least one of the potential investors (i.e. they are making offers) and that has arosed the interest of other parties who the club is in touch with.

Now this info comes from Steve Borley not PR so it should be spin free.

If so then surly we have an obligation to tow the line for now?

The Malaysians are the only Genuine ones at this moment Tony, and Borley and Guy are now dealing with them.

Annis, what a very poor reflection on a certain person if the only credible potential invester does not want to deal with the £350K per annum Chairman of our club, instead choosing to conduct negotiations with Steve 'CCFC' Borley and the Eggy major secured creditor (Guy).

If true, I wonder why the Malaysians DO NOT want to deal with PR..........????????

Peter

gwyn you know a lot of whats going on,if we sell the club for 40 mil,how much will risdale get of it after the debts are paid

Beaky if the club went for £40m, £23m would be used for debt valuing the club at £17m. Ridsdale owns 10% of the club so basic maths has him in line for for £1.7m.

However, I don't believe the club will be sold for £40m. Whilst the debt cannot change much the 'actual' value of the club will plumet. Annis has revealed that the Malaysians are the only real players in any take over and they won't pay 41p a share.

Annis said recently he thought they would offer no more than 12p a share valuing the club at around £5m.

In that circumstance Ridsdale would get £500,000 from the sale which might just cover his own tax bill

Not knowlegeable on finances at this level, but I believe the combined money value of all the original shares sold is around 11 million, if that is the case and the club sold for 40 million, every pounds worth of shares you own will return an almost four times increase in value. PR's seven hundred thousand pounds worth therefor would be worth 2.8+ millions approx, that's all allegedly of course.

not bad for him meaning he came here with f**k all,cheers for that

Not knowlegeable on finances at this level, but I believe the combined money value of all the original shares sold is around 11 million, if that is the case and the club sold for 40 million, every pounds worth of shares you own will return an almost four times increase in value. PR's seven hundred thousand pounds worth therefor would be worth 2.8+ millions approx, that's all allegedly of course.

not bad for him meaning he came here with f**k all,cheers for that

i would become a right horrible lying c**t for 500 grand......alledgedly

Is there any idea on timescales? I have no idea how long it takes, but surely we'd ideally want it done before the transfer window closes?

I would have thought February sometime at best, can't imagine anything happening this month

What's the point in giving PR time then?
Shall we just sit around, waiting for 31st Jan, when there'll be no signings, and we slip further down the league, or should we try our hardest to get PR out asap, which might mean the Malaysians have a bit of time with the transfer window still open?

gwyn you know a lot of whats going on,if we sell the club for 40 mil,how much will risdale get of it after the debts are paid

Beaky if the club went for £40m, £23m would be used for debt valuing the club at £17m. Ridsdale owns 10% of the club so basic maths has him in line for for £1.7m.

However, I don't believe the club will be sold for £40m. Whilst the debt cannot change much the 'actual' value of the club will plumet. Annis has revealed that the Malaysians are the only real players in any take over and they won't pay 41p a share.

Annis said recently he thought they would offer no more than 12p a share valuing the club at around £5m.

In that circumstance Ridsdale would get £500,000 from the sale which might just cover his own tax bill

I think the figure of £23m to clear all debts is too low Tony.

Langston (£10m) , PMG (£9.7m) and HMRC (£2.7m) come to £22.4m. There is then the £1m + still owed to S Borley and M Isaac (see May 2008 accounts) being paid back at £50k a month , plus all the debts still due to contractors on the stadium build (PR said was about £2m as at 30 Nov last year and I doubt if many have been paid since.

So that`s at least £25.4m of debt to clear. And that ignores the additional £5m that would have to be paid to Langston on a promotion (reducing the investor`s reward if that happens) and the £2.5m or so due to shareholders who have paid for next season`s tickets in advance (technically creditors , but debt cleared by providing the service of match entry next season).

If I was a potential investor having to fork out that much , and fund ongoing trading losses and the cash flow hole in the short term as well , I would certainly pay no more than 5p a share to existing shareholders. That would value the entire current shareholding at a fraction over £2m and PR`s share at £200k.

Why would shareholders possibly accept as little as 5p a share when most paid 15.69p for them in 2007? Well I believe that could well be linked to who holds what shareholding at present and what else they would get out of such a deal.

PMG Estates and P Guy between them have 8.4m shares (20%). Steve Borley has 3.2m (nearly 8%) and Rudgwick 1.9m (4.5%), so between them over 32% of the shares. Any deal to pay off the debt due to those companies (if you believe Sam Hammam is Langston , as Rudgwick is him) would be acceptable even if they only got 1/3rd of their initial share investment back.

So 32% of shareholders are likely (in my opinion anyway) to accept the type of deal I have outlined above. That would mean they only have to get another 18% of shareholders to agree as well to get over 50%. At that level , they can trigger what is called a "drag along option" in the club`s rules - Articles of Association - where the rest of the shareholders are obliged to accept an offer at the same level.

Thanks for your patience in reading through quite a long winded reply (from an old windbag )


Keith

gwyn you know a lot of whats going on,if we sell the club for 40 mil,how much will risdale get of it after the debts are paid

Beaky if the club went for £40m, £23m would be used for debt valuing the club at £17m. Ridsdale owns 10% of the club so basic maths has him in line for for £1.7m.

However, I don't believe the club will be sold for £40m. Whilst the debt cannot change much the 'actual' value of the club will plumet. Annis has revealed that the Malaysians are the only real players in any take over and they won't pay 41p a share.

Annis said recently he thought they would offer no more than 12p a share valuing the club at around £5m.

In that circumstance Ridsdale would get £500,000 from the sale which might just cover his own tax bill

I think the figure of £23m to clear all debts is too low Tony.

Langston (£10m) , PMG (£9.7m) and HMRC (£2.7m) come to £22.4m. There is then the £1m + still owed to S Borley and M Isaac (see May 2008 accounts) being paid back at £50k a month , plus all the debts still due to contractors on the stadium build (PR said was about £2m as at 30 Nov last year and I doubt if many have been paid since.

So that`s at least £25.4m of debt to clear. And that ignores the additional £5m that would have to be paid to Langston on a promotion (reducing the investor`s reward if that happens) and the £2.5m or so due to shareholders who have paid for next season`s tickets in advance (technically creditors , but debt cleared by providing the service of match entry next season).

If I was a potential investor having to fork out that much , and fund ongoing trading losses and the cash flow hole in the short term as well , I would certainly pay no more than 5p a share to existing shareholders. That would value the entire current shareholding at a fraction over £2m and PR`s share at £200k.

Why would shareholders possibly accept as little as 5p a share when most paid 15.69p for them in 2007? Well I believe that could well be linked to who holds what shareholding at present and what else they would get out of such a deal.

PMG Estates and P Guy between them have 8.4m shares (20%). Steve Borley has 3.2m (nearly 8%) and Rudgwick 1.9m (4.5%), so between them over 32% of the shares. Any deal to pay off the debt due to those companies (if you believe Sam Hammam is Langston , as Rudgwick is him) would be acceptable even if they only got 1/3rd of their initial share investment back.

So 32% of shareholders are likely (in my opinion anyway) to accept the type of deal I have outlined above. That would mean they only have to get another 18% of shareholders to agree as well to get over 50%. At that level , they can trigger what is called a "drag along option" in the club`s rules - Articles of Association - where the rest of the shareholders are obliged to accept an offer at the same level.

Thanks for your patience in reading through quite a long winded reply (from an old windbag )


Keith

Keith

If you're valuation/interpretation of the likely trigger price is accurate, perhaps the fans should be putting together an offer based on income from a membership scheme.

http://annisabraham.co.uk/mb/viewtopic.php?f=2&t=3646#p31811

Sorry Owain...You got one for todays post by SB with a call for calm?

If we can't show some loyalty to Steve then we all fucked,he takes no credit, asks for nothing so th eleast we can do is respect his wishes.

if you believe this man wants what's best for the club rather than himself like so many others, then you'll support his call.
Let's show everyone how passionate we can be,the team need us and if we get behind them like we did at Bristol, I'm sure they'll respond.

Be patient (and you wont hear me saying that often) change for the better is coming soon, let's just bite the bullet a little bit longer.

Got it in for Ridsadle, witch hunt my arse, he ain't seen anything yet, I can't believe how passive we've become, the man don't know he's born.

calm before the storm Borley deserves one shot and i only have two bullets and there FOR Pr / Dj so respect SB for now !
but the clock is ticking tic toc tic toc and gwyn we have gone very soft indeed including myself ???? PR Spins must be working

I think the figure of £23m to clear all debts is too low Tony.

Langston (£10m) , PMG (£9.7m) and HMRC (£2.7m) come to £22.4m. There is then the £1m + still owed to S Borley and M Isaac (see May 2008 accounts) being paid back at £50k a month , plus all the debts still due to contractors on the stadium build (PR said was about £2m as at 30 Nov last year and I doubt if many have been paid since.

So that`s at least £25.4m of debt to clear. And that ignores the additional £5m that would have to be paid to Langston on a promotion (reducing the investor`s reward if that happens) and the £2.5m or so due to shareholders who have paid for next season`s tickets in advance (technically creditors , but debt cleared by providing the service of match entry next season).

If I was a potential investor having to fork out that much , and fund ongoing trading losses and the cash flow hole in the short term as well , I would certainly pay no more than 5p a share to existing shareholders. That would value the entire current shareholding at a fraction over £2m and PR`s share at £200k.

Why would shareholders possibly accept as little as 5p a share when most paid 15.69p for them in 2007? Well I believe that could well be linked to who holds what shareholding at present and what else they would get out of such a deal.

PMG Estates and P Guy between them have 8.4m shares (20%). Steve Borley has 3.2m (nearly 8%) and Rudgwick 1.9m (4.5%), so between them over 32% of the shares. Any deal to pay off the debt due to those companies (if you believe Sam Hammam is Langston , as Rudgwick is him) would be acceptable even if they only got 1/3rd of their initial share investment back.

So 32% of shareholders are likely (in my opinion anyway) to accept the type of deal I have outlined above. That would mean they only have to get another 18% of shareholders to agree as well to get over 50%. At that level , they can trigger what is called a "drag along option" in the club`s rules - Articles of Association - where the rest of the shareholders are obliged to accept an offer at the same level.

Thanks for your patience in reading through quite a long winded reply (from an old windbag )


Keith

Keith

If you're valuation/interpretation of the likely trigger price is accurate, perhaps the fans should be putting together an offer based on income from a membership scheme.

UA you know I'm a fan of your idea. Just a thought if Since 62 valuation is correct (& at first sight it does seem to be) then I wonder if we could convert our recently paid season ticket money into a bid for the club? Obviously it would mean 'paying' for our season tickets again, but techically it would mean the 10,500 fans could become the owners.

If we could then manage a membership scheme at say £10 P/M to pay off the debts we could have a debt free club in around 5 years time

"At a time when the club is in negotiations to intoduce more investment and is actively in discusions with interested parties demonstrations and banners are counterproductive. We dont want a reputation as being too hot to handle, we want a reputation as a club who passionately follow and support their club and team especially in times of adversity these are qualities potential owners and investors look for. We understand your frustration but we have still travelled along way since the mid nineties. At that time we could only dream of the fixtures and the stadium we now occupy. Keep the faith" Steve Borley




BLAH BLAH BLAH

sorry mr borley but We dont want a reputation as being a laughing stock we want a reputation as a club who treats its loyal fans with respect..

The Echo, ok not the scripture of all things true but still it has printed this, has done an interview with that Ben Steele today, as did SKY Sports yesterday and they've both suggested Steele is now the main contender.

Now forgive me for sounding spoilt but sources seem to suggest Steele has a net worth of £200m. Now for a club that is estimated to be in £40m debt... don't we need a bigger money spinner than that to come in if we're to solve our current problems?

I doubt all the current shareholders are worth quarter of 200m so it is a far better proposition than the status quo.

The Echo, ok not the scripture of all things true but still it has printed this, has done an interview with that Ben Steele today, as did SKY Sports yesterday and they've both suggested Steele is now the main contender.

Now forgive me for sounding spoilt but sources seem to suggest Steele has a net worth of £200m. Now for a club that is estimated to be in £40m debt... don't we need a bigger money spinner than that to come in if we're to solve our current problems?

I doubt all the current shareholders are worth quarter of 200m so it is a far better proposition than the status quo.

Being a bit naughty I could pointlessly argue that the club alone is worth £40m which is only £10m short of one quartre of £200m. I'm sure Borley, Guy, Riddler etc have a combined wealth worth of more than that.

Posted on another thread but worthy of it's own:

"At a time when the club is in negotiations to intoduce more investment and is actively in discusions with interested parties demonstrations and banners are counterproductive. We dont want a reputation as being too hot to handle, we want a reputation as a club who passionately follow and support their club and team especially in times of adversity these are qualities potential owners and investors look for. We understand your frustration but we have still travelled along way since the mid nineties. At that time we could only dream of the fixtures and the stadium we now occupy. Keep the faith" Steve Borley

Copy right http://www.annisabraham.co.uk

We may feel many things about the current set-up/board but for many Steve is the voice of the fans/reason on the board. If he is making this plea then surely we have to listen

Many will find that frustrating but is this the time to show the club or it's supporters in a negative light I would suggest a crowd (albeit small) enthusiastically backing the team in adversity is much more likely to give potential investors the push they need If there is no progress over the next week or so then I reserve the right to be first in line voicing my opinions directly to Mr Ridsdale

sorry mr borley but We dont want a reputation as being a laughing stock we want a reputation as a club who treats its loyal fans with respect..

In fear on repeating myself, I admire and respect SB, but I just cant help wondering WHY, WHY, WHY would someone who proclaims to love his club so much standby and watch it being abused.... I just don't understand it.

sorry mr borley but We dont want a reputation as being a laughing stock we want a reputation as a club who treats its loyal fans with respect..

In fear on repeating myself, I admire and respect SB, but I just cant help wondering WHY, WHY, WHY would someone who proclaims to love his club so much standby and watch it being abused.... I just don't understand it.

Richard

the best time to deal with this matter is when the transfer window shuts on monday evening with no new players and an outstanding tax bill.
If you notice today the riddler is now talking about being confident of paying the tax bill before the court case on feb 10th as oppossed to his payed in january and parade of players bullshit.
all good thing come to those who wait (allegedly)