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New Owners

The longer this goes on the more worrying it gets, mark and nicky are out of cash they keep loaning of crooks, and we have a team in free fall, and if the takeover is not done soon we will go down next season, season tickets are way down from what i am told this will hit the budget next season, so we are now a total mess a rudderless ship with a crumbling stadium and a ownership who are hated what could possibly go wrong. Dont be surprised if parky is the new manager
 
Am on mobile said:
The longer this goes on the more worrying it gets, mark and nicky are out of cash they keep loaning of crooks, and we have a team in free fall, and if the takeover is not done soon we will go down next season, season tickets are way down from what i am told this will hit the budget next season, so we are now a total mess a rudderless ship with a crumbling stadium and a ownership who are hated what could possibly go wrong. Dont be surprised if parky is the new manager
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The way things are going, I wouldn’t be surprised if Parky was the new right winger. ;)
 
The longer it goes on the less likely it is too happen.
 
People here were guaranteeing it was happening a year ago. Best to wait but this time Mark will have to come clean as to how dire our situation is.
Gates at our level are high, our tariffs are high enough too but everyone is overspending by millions a year. This can't go on.
 
dollar'sbloke said:
People here were guaranteeing it was happening a year ago. Best to wait but this time Mark will have to come clean as to how dire our situation is.
Gates at our level are high, our tariffs are high enough too but everyone is overspending by millions a year. This can't go on.
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If there isn't an announcement soon 'Here are the new owners' then there needs to be an explanation as to why it's fallen through this time. I don't remember any formal statement from the club last year that the Tacopina bid had fallen through, just, eventually an admittance that a new party was under exclusivity. With the new Independent Regulator, if this falls through, it will be at least a season before any new sale approval so you'd imagine the club is doing all it can to ensure this sale DOES go through. Having said that, you can't do much to 'speed up' the process, you are at the mercy of the incoming owners actually pulling the funds together as cash, which isn't simple and takes time when it's a consortium led by a finance company. However, everyone seems to think things will be drastically different under new owners. With the new financial rules that isn't going to be the case, owners are now limited as to how much they can put in to cover wages, to a percentage of turnover, so the only areas that new owners will be able to spend freely is infrastructure. As such boosting turnover will be a priority for any new owner, the quickest way to do that is through more and bigger sponsorship deals, whilst also working to boost non matchday income, something the current owners have been criticised for, but it's the new reality, without the turnover, you can't spend on a stronger squad, no matter how rich the owners are.
 
Alun said:
I dont know what I did wrong BBTC but somehow I managed to block your posts, I haven't a clue how I managed it but hopefully I have put it right, sorry for that.
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No need to apologise, Alun. It just meant you saved yourself a lot of reading. ;)
 
All we know is that a sale has been agreed (the audited financials say so) and that one of three interested parties has passed the ODT (Palios said so).

Who knows if we’re now just waiting on the final formalities to be wrapped up. But one possible scenario that rarely gets suggested is that the prospective owners may well have other alternatives to Tranmere in their sights, even if they have already agreed a deal and passed the ODT. Certainly Shrewsbury and a few other clubs of similar size are also competing for investment right now, and have been for almost as long as we have. Some folks suggest Palios may be playing the three parties off against each other, but it’s also possible that the interested parties are playing us off against other clubs.

Either way, I too don’t expect things to be drastically different under new owners, at least in terms of spending on the team, Wild hinted as much about that.

But if it does all fall through - and, as yet, there’s no reason to believe it will - maybe Wirral itself will finally cough up someone to launch a bid to realise its FL club’s supposedly ‘undoubted potential’. Or maybe the local millionaires know better?! Either way, the new IFR won’t take over a year to approve anyone under the enhanced ODT - the new regs impose a 90 day limit, extendable by up to 60 days.
 
O4anotherplayoff said:
All we know is that a sale has been agreed (the audited financials say so) and that one of three interested parties has passed the ODT (Palios said so).

Who knows if we’re now just waiting on the final formalities to be wrapped up. But one possible scenario that rarely gets suggested is that the prospective owners may well have other alternatives to Tranmere in their sights, even if they have already agreed a deal and passed the ODT. Certainly Shrewsbury and a few other clubs of similar size are also competing for investment right now, and have been for almost as long as we have. Some folks suggest Palios may be playing the three parties off against each other, but it’s also possible that the interested parties are playing us off against other clubs.

Either way, I too don’t expect things to be drastically different under new owners, at least in terms of spending on the team, Wild hinted as much about that.

But if it does all fall through - and, as yet, there’s no reason to believe it will - maybe Wirral itself will finally cough up someone to launch a bid to realise its FL club’s supposedly ‘undoubted potential’. Or maybe the local millionaires know better?! Either way, the new IFR won’t take over a year to approve anyone under the enhanced ODT - the new regs impose a 90 day limit, extendable by up to 60 days.
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Millionaires are totally passe. You could argue deca millionaires are in our case. Rich individuals are unlikely to put more than 10% of assets in. Centi Millionaires are probably hard to attach to.our area, I'd guess any like Morgan have attachments elsewhere!
Reality is this league pays about double what it can afford
 
dollar'sbloke said:
Millionaires are totally passe. You could argue deca millionaires are in our case. Rich individuals are unlikely to put more than 10% of assets in. Centi Millionaires are probably hard to attach to.our area, I'd guess any like Morgan have attachments elsewhere!
Reality is this league pays about double what it can afford
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To put it more bluntly, Wirral is very good at whingeing about the running of its FL club but shows no inclination to get off its backside and do anything about it.
 
O4anotherplayoff said:
All we know is that a sale has been agreed (the audited financials say so) and that one of three interested parties has passed the ODT (Palios said so).

Who knows if we’re now just waiting on the final formalities to be wrapped up. But one possible scenario that rarely gets suggested is that the prospective owners may well have other alternatives to Tranmere in their sights, even if they have already agreed a deal and passed the ODT. Certainly Shrewsbury and a few other clubs of similar size are also competing for investment right now, and have been for almost as long as we have. Some folks suggest Palios may be playing the three parties off against each other, but it’s also possible that the interested parties are playing us off against other clubs.

Either way, I too don’t expect things to be drastically different under new owners, at least in terms of spending on the team, Wild hinted as much about that.

But if it does all fall through - and, as yet, there’s no reason to believe it will - maybe Wirral itself will finally cough up someone to launch a bid to realise its FL club’s supposedly ‘undoubted potential’. Or maybe the local millionaires know better?! Either way, the new IFR won’t take over a year to approve anyone under the enhanced ODT - the new regs impose a 90 day limit, extendable by up to 60 days.
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If the parties were waiting until the agreed price was settled on the last day of the season, then with an American Financial firm leading a bid of 'unknown' consortium members, it would be expected to take 2-4 weeks to pull together the funds and paperwork before being able to complete the sale. As such, though we all want to hear something, there is absolutely no reason at this point for any concern. Though the 'legal' timeframe for the IFR to complete the new ODT process, 150 days if extended, is for the IFR to process the checks. That timescale does not begin until all the required paperwork has been received. It is the provision of that paperwork, particularly with a consortium spread around the World that takes the time, so although you would hope that the existing buyers would now have much of the required information to hand after the EFL checks, the ODT checks go substantially deeper, so they would still be required to gather/obtain additional information/evidence, so it could absolutely take a whole season, if they are not on top of things. The delays in the current EFL process were due to them not supplying the required paperwork in a timely manner though. Plus passing the EFL tests is no guarantee of passing the ODT checks which may ask/uncover things the EFL checks didn't - though the IFR also have the power to conduct retrospective checks on existing owners too. Not withstanding that though, there are a specific set of circumstances that make Tranmere particularly attractive over other clubs to the current bidders, so though there may well have been an element of 'gaming' from both sides to try and ensure they each get the best terms they can, I still believe that both parties would want the sale to go through than not.
 
StuartR said:
If the parties were waiting until the agreed price was settled on the last day of the season, then with an American Financial firm leading a bid of 'unknown' consortium members, it would be expected to take 2-4 weeks to pull together the funds and paperwork before being able to complete the sale. As such, though we all want to hear something, there is absolutely no reason at this point for any concern. Though the 'legal' timeframe for the IFR to complete the new ODT process, 150 days if extended, is for the IFR to process the checks. That timescale does not begin until all the required paperwork has been received. It is the provision of that paperwork, particularly with a consortium spread around the World that takes the time, so although you would hope that the existing buyers would now have much of the required information to hand after the EFL checks, the ODT checks go substantially deeper, so they would still be required to gather/obtain additional information/evidence, so it could absolutely take a whole season, if they are not on top of things. The delays in the current EFL process were due to them not supplying the required paperwork in a timely manner though. Plus passing the EFL tests is no guarantee of passing the ODT checks which may ask/uncover things the EFL checks didn't - though the IFR also have the power to conduct retrospective checks on existing owners too. Not withstanding that though, there are a specific set of circumstances that make Tranmere particularly attractive over other clubs to the current bidders, so though there may well have been an element of 'gaming' from both sides to try and ensure they each get the best terms they can, I still believe that both parties would want the sale to go through than not.
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Not sure mark's original sums allowed for a discount if relegated, as he indicated he was just clearing his own investments and subsequent credit lines to others. The emergence if nixon onto the scene has never been understood? Smurf seems to be a football groupie with cash.
One would have thought once we entered into an exclusivity clause, so would the bidders?
It is either news soon or bad news!
 
dollar'sbloke said:
Not sure mark's original sums allowed for a discount if relegated, as he indicated he was just clearing his own investments and subsequent credit lines to others. The emergence if nixon onto the scene has never been understood? Smurf seems to be a football groupie with cash.
One would have thought once we entered into an exclusivity clause, so would the bidders?
It is either news soon or bad news!
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It would be standard for a relegation clause to be included in the agreement of terms, either with a 'value' pre-negotiated, or allowing price negotiation to reopen. The Smurthwaite loan wasn't actually a personal loan from him, just from a financial company that he owns. It would ordinarily take 2-4 weeks to 'gather' the funds in escrow and sort the final admin/paperwork, so if the 'go' didn't start until our league status was confirmed, then we still have a couple of weeks, at least, before we should start to get worried.
 
Boz said:
Having seen Rover’s attempts at saving penalties in the h/t shoot-out, I’d be more confident with Audrey as keeper.
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To be fair visibility out of his head isn’t ideal for getting down to save shots! And his paws aren’t as good as goalkeeper gloves!
:)
 
Sparky said:
To be fair visibility out of his head isn’t ideal for getting down to save shots! And his paws aren’t as good as goalkeeper gloves!
:)
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Ok put my catin goal he sleeps all fkn day any way so why not
 
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