SUFC: The Future SUFC up for sale

[dusterman]

And they are buying from a man who had a business empire built on sand that crumbles with every passing day. A credit rating lower than and snakes belly and owns a dictionary where the words truth, honesty and integrity have all been removed.
I think they have every right to complete a thorough due diligency. RM would understand after all he used his thorough due diligency to employ Mark Molesley.

DD needs to be done, I concur, but like RM’s credit rating, the opportunity diminishes more with every passing day both financially and club reputation wise.

 

[ChalkwellShrimper]

TalkTV Freeview 237 about to talk SUFC (and Reading).

 

[Tampa Blue]

I doubt they got where they did by doing everything perfectly and by the letter either, whatever their website might protest otherwise.

Which is why I said calculated risk

 

[overseas shrimper]

I agree with you however there are diminishing returns how much benefit there is in prolonging the DD, at some point you simply have to make a decision

What are these 'diminishing returns' on prolonging DD exactly?

We want rid of RM and have professional, responsible people as custodians of our club. So people doing proper, thorough DD is exactly what we're crying out for.

And even if you're right about a point when there's a bullet to bite, it will be Kimura to decide when that is. Not you or anybody else. They are the ones taking the risk if that happens, and they are the ones staring at the skeletons they've dug up.

All we can do is wait (im)patiently.

 

[The General]

For me, the next 7 days is going to be crucial. Now I was told just over 3 weeks ago that it was going to take 2-3 weeks at least so we are upto that point. Ive heard nothing to suggest it's all gone pete tong, so thats a positive. If we want to be look to be potentially successful next season, I personally believe it needs to happen this week, so we can look to prepare for the season both on and off the pitch. If it starts dragging into July, then its going to have a pretty big impact on next season. Now next season isn't the be all but I think the new owners are going to want to hit the ground running so it's important we get RM out of the way pronto.

The support this club got last season was incredible considering what was going on behind the scenes and it obviously eventually took it's toll on the players so let's hope next season is much different!

Kev

 

[barton west]

My daughter is a corporate manager for a significant private bank, one that might well be involved in a venture of this kind. I have explained the SUFC sale situation as well as I’m able. She said the negotiations and DD would normally take months after the offer had been made (no use in asking, she is definitely not involved )

 

[fbm]

The time is running out, last things they want is we start the season badly and end up like Scunthorpe, they cannot keep ****ing around, as they have almost a month to do DD

We won't.

Even if the sale goes through in October, it will mean that a) Ron or someone has kept us afloat until then, and b) there is no transfer window in the NL so we will just get players in at that point. Probably not enough for a promotion push, but certainly nothing like Scunthorpe either.

I would much rather write off this season and have decent owners who will run the club properly rather than rush something through and risk bigger problems down the line.

The take-over is not all about this coming season. We have an existential issue to deal with first, then we can build a promotion winning side. If that happens this season, great, but if not, no big deal, we'll do it next season.

Patience is a virtue peeps...

 

[Yorkshire Blue]

What are these 'diminishing returns' on prolonging DD exactly?

We want rid of RM and have professional, responsible people as custodians of our club. So people doing proper, thorough DD is exactly what we're crying out for.

And even if you're right about a point when there's a bullet to bite, it will be Kimura to decide when that is. Not you or anybody else. They are the ones taking the risk if that happens, and they are the ones staring at the skeletons they've dug up.

All we can do is wait (im)patiently.

There generally comes a stage in DD in the more drawn out acquisitions where the other side has provided more or less all the information they are able to provide. You might want copies of certain documents but if they’ve been mislaid or never existed there’s not a lot asking for them for the fourth time is going to achieve.

Meanwhile you are continuing to wrack up fees and in the case of SUFC you risk losing assets (Jack Bridge!) and the chance of a fast start. Because as much as people say they can’t wait to come back once Ron has gone, if we lose the first five that enthusiasm is going to wane fast.

 

[shrimpereeee]

I wouldn’t be surprised if the DD has been concluded and that the parties are now negotiating over the extent and scope of the warranties to be included in the contract for sale.

 

[Liam AAS]

Left us with no time to prepare for the new season, under cooked.

There is no transfer window in the NL. This entire argument is redundant.

 

[TJC]

This is the week! I can feel it in my waters .
No intel or knowledge, just feel this is the week. See you all in the carpark

 

[bazzashrimper]

This is the week! I can feel it in my waters .
No intel or knowledge, just feel this is the week. See you all in the carpark

The more ITK posters are suggesting it could be this week. Although I can’t remember one of the ‘super ITKs’ suggesting this (or otherwise)

 

[Shrimper Brownie]

The more ITK posters are suggesting it could be this week. Although I can’t remember one of the ‘super ITKs’ suggesting this (or otherwise)

Lol there is a shrimperzone hierarchy forming - Super ITK, ITK, Know F all lol

 

[BriggBlue]

What are these 'diminishing returns' on prolonging DD exactly?

We want rid of RM and have professional, responsible people as custodians of our club. So people doing proper, thorough DD is exactly what we're crying out for.

And even if you're right about a point when there's a bullet to bite, it will be Kimura to decide when that is. Not you or anybody else. They are the ones taking the risk if that happens, and they are the ones staring at the skeletons they've dug up.

All we can do is wait (im)patiently.

The diminishing returns are that you can only ask for the same information in so many ways, either something wasn't documented or was 'lost' and no matter how long you wait or how many times you ask you won't get that information.

You also can't find everything out during DD, there will always be a stone left unturned no matter how thorough you are being.

 

[leeblue]

Guaranteed it happens this week I'm out of the country

 

[bazzashrimper]

Lol there is a shrimperzone hierarchy forming - Super ITK, ITK, Know F all lol

And then one or two others at the bottom perhaps :)

 

[Strykr]

There is no transfer window in the NL. This entire argument is redundant.

Not really, we can get bodies in yes, but the top targets will be signed and settled at their new clubs.

 

[kentblues]

This is the week! I can feel it in my waters .
No intel or knowledge, just feel this is the week. See you all in the carpark

I think your waters have collided with reality

 

[Strykr]

Lol there is a shrimperzone hierarchy forming - Super ITK, ITK, Know F all lol

So o.1, o.2 and 99.7%

 

[stewart]

Im Happy Kimura are doing DD properly ,they seem like the type of owners i would want for the club ,cant speak for the rest of you. Seems to me they will be open , transparent and care for the club and the supporters .We already have in place a brilliant backroom team ,just need owners who also care for this great club and we will rise again . Im pretty sure ( just me im not ITK ) kEV AND CO were also given NDAs and cannot talk about certain matters. but just told to do there job quietly because everything is under control. STay Strong and believe people we are another day closer ,but still deep in debt for now .