Arab takeover interest reported on tribalfootball.com

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The Rouge
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Re: Arab takeover interest reported on tribalfootball.com

by The Rouge » 16 Sep 2009 10:24

Royal Lady I know it's reckoned that JM is worth about £300 million, but if that were me and I were his age, and I really loved this town and this football club, I'd think "you can't take it with you" - I'd make sure that my kids had enough money to not have to struggle necessarily, but I'd still want them to make their own way in life and have to work for a living, a few million each behind them would make them comfortable enough. Therefore, I'd think, "you know what, I'll sell off some of my companies, put some money in trust already for the kids, and with some of the other money I'd put it into the club so that I could try and get us back into the Prem and see us trying to compete before I die." Sure he can do what the hell he likes with his money, but like I say, if it were me and I really love this club, I'd be looking to sort out my finances so that I could put more into the club.


I understand the sentiment but having seen interviews with him I don't think his thinking towards money is the same. He does acknowledge the whole 'you can't take it with you' mentality but he doesn't see himself as someone who should/could give XX millions to RFC without recouping some of it. You can tell with his new house he is open to making grand gestures to his family and you can tell by his pointing out that he didn't just give 500k away, that every donation needs a good reason.

I am not boasting here at all as actually I think it is quite sad, but I am the most football obsessed person I know. I am passionate about RFC, but if it came down to it and I had £10m I was prepared to give away, I would question giving it to a football club rather than saving lives and helping people.

Club owners do not recoup what they invest in clubs if they have 'ambition', therefore it is inevitable that is becomes a plaything for rich people. By definition this can threaten the long term stability of football clubs.

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Re: Arab takeover interest reported on tribalfootball.com

by Barry the bird boggler » 16 Sep 2009 10:28

The story is simply that JM has spoken to a group of people presumably about selling the club to them.

Whether anything comes of it remains to be seen.

If JM likes the people he's dealing with and they come up with a reasonable offer then no doubt negotiations will start but until those conditions are met nothing will happen and, to be honest, we aren't know anything more on this until the deal is practically signed and sealed - or Sheikh It-Al Up takes his place in the West Stand.

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Re: Arab takeover interest reported on tribalfootball.com

by (.)Boobies(.) » 16 Sep 2009 10:53

This could go on for quite a while... like a game of Hide 'n' Sheikh.

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Re: Arab takeover interest reported on tribalfootball.com

by Row Z Royal » 16 Sep 2009 11:02

(.)Boobies(.) This could go on for quite a while... like a game of Hide 'n' Sheikh.


Half baked & sheikh, more like.

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Re: Arab takeover interest reported on tribalfootball.com

by (.)Boobies(.) » 16 Sep 2009 11:07

Nothing to Sheikh here.


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Re: Arab takeover interest reported on tribalfootball.com

by Wycombe Royal » 16 Sep 2009 11:12

Royal Lady I know it's reckoned that JM is worth about £300 million, but if that were me and I were his age, and I really loved this town and this football club, I'd think "you can't take it with you" - I'd make sure that my kids had enough money to not have to struggle necessarily, but I'd still want them to make their own way in life and have to work for a living, a few million each behind them would make them comfortable enough. Therefore, I'd think, "you know what, I'll sell off some of my companies, put some money in trust already for the kids, and with some of the other money I'd put it into the club so that I could try and get us back into the Prem and see us trying to compete before I die." Sure he can do what the hell he likes with his money, but like I say, if it were me and I really love this club, I'd be looking to sort out my finances so that I could put more into the club.

The key word you use is "worth". IUt isn't like he has all this money lying around, it is tied up in assets, of which RFC is one.

Are you suggesting he should sell one of his bsuinesses so that he can thrown some more money at the club? Or maybe sell his house, or his collection of cars, or some of his antiques?

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Re: Arab takeover interest reported on tribalfootball.com

by Wimb » 16 Sep 2009 11:57

Focher you can be in the old man's gang anytime with an attitude like that Wimb.


Cheers, does that mean I get free bus travel too? ;)

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Re: Arab takeover interest reported on tribalfootball.com

by Focher » 16 Sep 2009 12:41

Wimb
Focher you can be in the old man's gang anytime with an attitude like that Wimb.


Cheers, does that mean I get free bus travel too? ;)


no it means you will be allowed to frolic with us in the Frog & Pickle

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Re: Arab takeover interest reported on tribalfootball.com

by Royal With Cheese » 16 Sep 2009 13:23

Focher
Wimb
Focher you can be in the old man's gang anytime with an attitude like that Wimb.


Cheers, does that mean I get free bus travel too? ;)


no it means you will be allowed to frolic with us in the Frog & Pickle

That sounds ghey.


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Re: Arab takeover interest reported on tribalfootball.com

by Tinrib » 16 Sep 2009 13:26

Interestingly - JM also has for sale his hotel in Ecuador - according to this article.

http://www.cityam.com/the-capitalist/yvwdtxkwur.html

http://www.royalpalmgalapagos.com/

Very nice too..

As he alluded to in the BBC4 documentry, all his business are haemorrhaging cash, so maybe he's getting out while the going is good, and looking to raise some working capital to fund his main interests - wether that be business or art. (he still has the Station Hill development to complete.)

Or quite possibly, JM has taken stock of his life, as we all no doubt will at some point, and has decided that things need to change and to get out of the fast lane, and maybe enjoy life & the fruits of his labours a bit more. I wouldnt be suprised that he's looking to offload other interests too - and you cant blame him for that.

He probably feels as well that he's taken RFC as far as he can - and nobody could ever doubt the massive positive impact he's had on our club.

And if we end up with new owners - so be it. As long as they dont end up mortgaging our club to the hilt, or turn out to be cousins of Ron Noades, then I wont mind.

They'll be judged on their own merits - and certainly not before they've even walked through the door.

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Re: Arab takeover interest reported on tribalfootball.com

by Gandalf Presley » 16 Sep 2009 13:43

One the takeover has been complted, do you think their first move might be towards obtaining the services of a former ex-Celtic manager. In turn, we will take Chelsea's Joe in on loan. Then it will really be a case of

Sheikh, Strachan & Cole, I said Sheish, Strachan & Cole.

I'll get me coat...

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Re: Arab takeover interest reported on tribalfootball.com

by Focher » 16 Sep 2009 13:43

Royal With Cheese That sounds ghey.


well of course it does :roll:

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Re: Arab takeover interest reported on tribalfootball.com

by Barry the bird boggler » 17 Sep 2009 14:50

The Chronicle is suggesting there could also be interest from David Sullivan....

http://www.readingchronicle.co.uk/sport/roundup/articles/2009/09/17/41555-hammond-warning-to-royals-suitors/
Last edited by Barry the bird boggler on 17 Sep 2009 15:15, edited 1 time in total.


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Re: Arab takeover interest reported on tribalfootball.com

by (.)Boobies(.) » 17 Sep 2009 15:11

Barry the bird boggler The Chronicle is suggesting there could also be interest from David Sullivan....


Cardiff is the strongest link to Sullivan. West Ham have also had a mention. We're being linked purely because of the recent press about interest in our club and Sullivan wanting to get back into football. (of which he claims it would take no more than a week to review books and make his decision)

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Re: Arab takeover interest reported on tribalfootball.com

by Barry the bird boggler » 17 Sep 2009 15:16

(.)Boobies(.) We're being linked purely because of the recent press about interest in our club and Sullivan wanting to get back into football. (of which he claims it would take no more than a week to review books and make his decision)


And the fact that apparently JM and DS are good mates.....

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Re: Arab takeover interest reported on tribalfootball.com

by (.)Boobies(.) » 17 Sep 2009 15:20

Barry the bird boggler
(.)Boobies(.) We're being linked purely because of the recent press about interest in our club and Sullivan wanting to get back into football. (of which he claims it would take no more than a week to review books and make his decision)


And the fact that apparently JM and DS are good mates.....


Are they? Interesting if so.

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Re: Arab takeover interest reported on tribalfootball.com

by Dirk Gently » 17 Sep 2009 15:21

Would you buy a used football club from a mate of yours? It can only end in tears!

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The Rouge
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Re: Arab takeover interest reported on tribalfootball.com

by The Rouge » 17 Sep 2009 15:23

How 'deep' are Sullivan's pockets?

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Re: Arab takeover interest reported on tribalfootball.com

by (.)Boobies(.) » 17 Sep 2009 15:24

Dirk Gently Would you buy a used football club from a mate of yours? It can only end in tears!


Would you buy a business off a friend? Well yes, yes you would. Especially when you know how well ran it is. In fact, you'd gain a greater insight into what you were purchasing than any old Tom, Dirk or Harry.

The Rouge How 'deep' are Sullivan's pockets?


David Sullivan (born 1 February 1949) is a British pornography entrepreneur and newspaper proprietor. He graduated in Economics from Queen Mary College, University of London. Since 1986 he has been the owner of the Daily Sport and Sunday Sport. In 2004, Sullivan was named by The Sunday Times as Britain's 68th richest man, with assets valued at over £500 million.

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Re: Arab takeover interest reported on tribalfootball.com

by Dirk Gently » 17 Sep 2009 15:40

(.)Boobies(.)
Dirk Gently Would you buy a used football club from a mate of yours? It can only end in tears!


Would you buy a business off a friend? Well yes, yes you would. Especially when you know how well ran it is. In fact, you'd gain a greater insight into what you were purchasing than any old Tom, Dirk or Harry.


I'll re-phrase the question, then.

Would you sell a used football club to a mate of yours?

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