SD has decided to sell!!

That’s today, last week it was just a loan!

 

I have never called Donald a liar here. If you ever read my posts earlier on, you'd know that all of my earlier criticisms were even based on his words. He's not a liar, he's very... creative with his wording, and he complicates things needlessly. It used to be harder to understand him when Methven was guiding him, but since he left, we get unfettered Donald, which means we will almost certainly know more about the club's situ than we did with Methven controlling the PR.

 

We'll see, I don't believe he tells the truth which some might see as lying, some not.

Are you still saying Donald has taken more £20 million out of the club?

 

Maybe - Donald saying unlikely fpp will buy club - seems unlikely but if we shoot up the league you never know - to be competitive in championship needs 50 million I reckon

 

I am, that was my exact criticism of him. I didn't call him a liar or anything, just said there were better uses of the club's money when we didn't have a pot to piss in than spending circa £6m on his shares in the club last April.

 

He was saying when the 'investment' was announced that if he defaulted on the payments the fpp would take control. Then on total sport he said he didnt think they would be interested without him involved.....which 1 is it?????? He is nothing but a lying chancer who cant afford to run us and has seen this as an easy way to get out

 

But those two things aren't mutually exclusive mate. They can accept the club as collateral on the off chance something goes horribly wrong, but not want to buy all of it now.

I think they want 20-25% now, 20-25% in the Championship, and then if they've liked what they saw from there, a majority stake if we got to the PL.

 

20% for £9m values the club at £45m - seems a little unlikely.

Why do you suggest 20% btw?

 

You have always stated 20% now it's up to 25%
Your stance changes with the wind
No wonder so many disagree with you

 

It's not unlikely at the point where they'd be making that decision, though, ie: if we were in the Championship.

20% because I think Donald does value it around 40-45m if we go up. This is basically a deferral by them saying they would potentially value it around the same if we were up where we should be, and they'll put the loan in to secure an option against those shares if we get there. If not, they haven't lost anything.

Honestly it's a great deal for them, I'm really impressed with how they've done it and they've taken sound investing principles into football, which is rare because football is a sport full of people who are looking at almost everything as a vanity project. I really hope we get them on board one day.

 

"Not sure what part of 'they don't want a majority stake' that you don't understand."

 

nowt like a maid a'milking... 'tis the festive season n'all that!

 

Right now.

Stop being disingenuous. You know exactly what I'm saying. I also didn't even suggest they'd be getting a majority stake from this round either, so not even sure what on earth you're referring to.

 

"I think they want 20-25% now, 20-25% in the Championship, and then if they've liked what they saw from there, a majority stake if we got to the PL."

 

Yeah, that's exactly what I've been saying? It's not a takeover right now because to get there, it couldn't realistically be done with the deal they've done now unless via hostile means or via Donald going personally bankrupt.

There's a long time (probably upwards of 4 years) and a lot of hoops (2 promotions) and at least 2 more stages of investment to go before they would consider a deal that took the club over, in my opinion, based on what we've heard and the way they did this one. The next round (in our best case) would be a similar amount of equity for more money (more like the valuation getting closer to 9 figures) so possibly a £20-25m investment. That's how investment rounds work in an ideal scenario, the value goes up and the investors put in enough to justify a buyer one day buying it for a substantially bigger value.

As Donald is finding, if you don't put the right amount of cash in at an earlier round, someone can well argue your valuation is not realistic in a later one. He put £15m in and pretended it was £40m. Now he's struggling to get anyone to believe his valuation.

 

You've completely contradicted yourself in the space of a few posts.

You pulled me up for saying something that you've subsequently repeated.

 

Believe nowt donald says. Best way

 

Where have I? Like I said, it's only a contradiction if you're absolutely desperate to take a few words out of context and pretend that is what I meant. You know fine well what I was saying, why are you doing this? Just discuss it like a grown up, don't lower yourself to this. I'm not taking the blame for this thread getting derailed because once again you're clutching at straws trying to score some weird, abstract point.

You know what I think. I've spelled it out many times over the last few days mainly in response to your constant poking and prodding. I could go back and find posts by you that say we should be thanking Donald and Methven for the way they've handled the 'takeover' and various other things that look plain silly and laughable now, but I don't because I know that's not helping anyone.

Get over it.

 

Give it up man, everyone can see what you did.

You called me out then forgot and repeated exactly what I'd said.

You said, quite sarcastically, that I was wrong to suggest FPP would ever want a majority ...

... then said exactly that yourself

 

And as I clarified as soon as you pointed it out, I meant right now, because that was what we were talking about. And unfortunately, if you read the post you quoted, I didn't even talk about a majority.

God this is painful.

Learn to read. Show me where I talked about a majority in this post. I am talking entirely about their potential minority stake from the current deal.

I'm done with this if you are going to act in bad faith and deliberately misconstrue what I'm saying, just to try and get one over on me. Pathetic behaviour.