Jump to content

Pig takeover


Recommended Posts

6 minutes ago, mogbad said:

Star suggesting "in its final stages next week".

I'm surprised it's not titled...

Our beloved club has been taken over by the best multi billionaire consortium ever. 

But there's time yet

Link to comment
Share on other sites

SunSport has learned the EFL have received reports that representatives of Sheffield United's incoming owners, a mystery group based in California, have become involved in transfer negotiations.

The EFL are believed to be looking into the matter which could result in disciplinary action.

Birmingham are also being investigated over alleged breaches of EFL regulation 86, as a group seeking to buy the club last year are accused of running operations despite not receiving formal approval or passing the owners and directors test.

The proposed £35m takeover by Maxco subsequently collapsed, but the EFL still charged the individuals involved, with former Charlton chief executive Matt Southall, former Barcelona striker Maxi Lopez and local businessman Paul Richardson all given bans from acting as directors.

READ MORE IN FOOTBALL

Link to comment
Share on other sites

2 hours ago, madowl said:

SunSport has learned the EFL have received reports that representatives of Sheffield United's incoming owners, a mystery group based in California, have become involved in transfer negotiations.

The EFL are believed to be looking into the matter which could result in disciplinary action.

Birmingham are also being investigated over alleged breaches of EFL regulation 86, as a group seeking to buy the club last year are accused of running operations despite not receiving formal approval or passing the owners and directors test.

The proposed £35m takeover by Maxco subsequently collapsed, but the EFL still charged the individuals involved, with former Charlton chief executive Matt Southall, former Barcelona striker Maxi Lopez and local businessman Paul Richardson all given bans from acting as directors.

READ MORE IN FOOTBALL

Sounded a bit fishy last week when they signed a player. 🤣

  • Haha 1
Link to comment
Share on other sites

  • 2 weeks later...
4 minutes ago, Andyben said:

Hmmm.

Smells a bit this one.

His website doesn't work and there's no sign of his ar Sequoia Capital.

Think they've found their own Adam whatsit 

Sounds perfect for em

Link to comment
Share on other sites

1 hour ago, Andyben said:

Hmmm.

Smells a bit this one.

His website doesn't work and there's no sign of his ar Sequoia Capital.

 

1 hour ago, Andyben said:

It looks all fake.

App store links don't work etc

He'll sail through the EFL fit and proper persons test then

Link to comment
Share on other sites

  • 2 weeks later...

The piggies were excitedly squealing on social media that the chief investor was going to be billionaire John Textor, after he's sold his shares in Palace. But that's been shat on from a great height 

Link to comment
Share on other sites

1 hour ago, JBO said:

You should have asked me this morning before texting in Reesh I'd have told you it was 1990:classic_ninja:

Load of bollocks that JBO, Blaze of Glory was from Young Guns in 89 and We want the same thing by Belinda was released in 89!!  It's a con 

  • Haha 1
Link to comment
Share on other sites

Young Guns 2 came out in 90, it's from that.

That Carlisle track is off an album released in 89 but the single was a hit in 90.

What was worse was he promised to play Killer and played Kylie instead

  • Like 1
Link to comment
Share on other sites

The full version, supposedly from McGuire but not so sure   .......

Sheffield United for sale

Speaking of protracted sales, someone clearly thinks this column should put its money where its mouth is, as we have recently received the sales prospectus for Sheffield United.

Relegated from the Premier League last season, the South Yorkshire-based club have been on the market for at least two years, during which time they have twice got into talks with guys who were all mouth and no money, convicted fraudster Henry Mauriss and Dozy Mmobuosi, who was last seen on the run from American justice in his native Nigeria

With those embarrassing experiences in mind, Sheffield United owner Prince Abdullah bin Mosaad Al Saud asked financial services firm Lazard to find someone who might be able to write a cheque that does not bounce.

As Sheffield United are known as “the Blades”, a nod to the city’s status as a steel-making centre, Lazard has dubbed its search Project Saif, the Arabic word for blade. The 25-slide brochure leans heavily on the club’s long history, recent visits to the Premier League and “six critical, wholly-owned real estate assets”: the stadium, two training grounds, a hotel, an office block and a community sports centre.

Among the other assets listed are “£90million (in) guaranteed parachute payments”, the money guaranteed to clubs relegated from the Premier League and a source of revenue which continues to make a mockery of the Championship’s competitive balance, and what was a 28-man first-team squad at the end of last season.

Since then, the club have sold Cameron Archer, Jayden Bogle and Benie Traore for more than £20million, as well as saying goodbye to a dozen more players on free transfers, retirements and expired loans. Half a dozen players have arrived, including Harrison Burrows and Kieffer Moore for small fees, but manager Chris Wilder’s options look a little light with the season now just two weeks off.

The ownership situation remains uncertain, too, as a potential bid from a group led by two U.S.-based Englishmen, Tom Page and Dominic Hughes, has started the English Football League’s owners’ and directors’ test (OADT) but is still a long way from completing it.

Their fund, Vertex Albion Capital, is registered to a small commercial property next to a barbershop in Menlo Park, the so-called “capital of venture capital” in California’s Silicon Valley, but it has only made three filings to the U.S. Securities and Exchanges Commission and none since 2022. It has no working website and there is very little public information about any investments it has made.

A 2014 blog post from Page does provide a few biographical details — born in Wolverhampton, educated in the U.S., a stint as a professional poker player — but we do not know how wealthy he and Hughes are, whether they are working alone or why they want to buy Sheffield United. Attempts to ask these questions have so far failed.

In the meantime, the EFL has had to remind the club that only officials who have passed the OADT, or are currently employed by the club, can engage in negotiations with players, and there is also the small handicap of having to start the season on minus two points because of unpaid payments to other clubs during the 2022-23 season.

Plenty to sort out, then, but the brochure is lovely.

Link to comment
Share on other sites

2 minutes ago, CasbahOwl said:

The full version, supposedly from McGuire but not so sure   .......

Sheffield United for sale

Speaking of protracted sales, someone clearly thinks this column should put its money where its mouth is, as we have recently received the sales prospectus for Sheffield United.

Relegated from the Premier League last season, the South Yorkshire-based club have been on the market for at least two years, during which time they have twice got into talks with guys who were all mouth and no money, convicted fraudster Henry Mauriss and Dozy Mmobuosi, who was last seen on the run from American justice in his native Nigeria

With those embarrassing experiences in mind, Sheffield United owner Prince Abdullah bin Mosaad Al Saud asked financial services firm Lazard to find someone who might be able to write a cheque that does not bounce.

As Sheffield United are known as “the Blades”, a nod to the city’s status as a steel-making centre, Lazard has dubbed its search Project Saif, the Arabic word for blade. The 25-slide brochure leans heavily on the club’s long history, recent visits to the Premier League and “six critical, wholly-owned real estate assets”: the stadium, two training grounds, a hotel, an office block and a community sports centre.

Among the other assets listed are “£90million (in) guaranteed parachute payments”, the money guaranteed to clubs relegated from the Premier League and a source of revenue which continues to make a mockery of the Championship’s competitive balance, and what was a 28-man first-team squad at the end of last season.

Since then, the club have sold Cameron Archer, Jayden Bogle and Benie Traore for more than £20million, as well as saying goodbye to a dozen more players on free transfers, retirements and expired loans. Half a dozen players have arrived, including Harrison Burrows and Kieffer Moore for small fees, but manager Chris Wilder’s options look a little light with the season now just two weeks off.

The ownership situation remains uncertain, too, as a potential bid from a group led by two U.S.-based Englishmen, Tom Page and Dominic Hughes, has started the English Football League’s owners’ and directors’ test (OADT) but is still a long way from completing it.

Their fund, Vertex Albion Capital, is registered to a small commercial property next to a barbershop in Menlo Park, the so-called “capital of venture capital” in California’s Silicon Valley, but it has only made three filings to the U.S. Securities and Exchanges Commission and none since 2022. It has no working website and there is very little public information about any investments it has made.

A 2014 blog post from Page does provide a few biographical details — born in Wolverhampton, educated in the U.S., a stint as a professional poker player — but we do not know how wealthy he and Hughes are, whether they are working alone or why they want to buy Sheffield United. Attempts to ask these questions have so far failed.

In the meantime, the EFL has had to remind the club that only officials who have passed the OADT, or are currently employed by the club, can engage in negotiations with players, and there is also the small handicap of having to start the season on minus two points because of unpaid payments to other clubs during the 2022-23 season.

Plenty to sort out, then, but the brochure is lovely.

Does it mention their record number of goals conceded?

  • Haha 2
Link to comment
Share on other sites

1 hour ago, Reesh said:

£3m for Burrows and £2m for Moore classed as "small fees"?

 

Give over.

Especially when they don’t really have a pot to piss in (cash wise), unless they are taken over and who knows if the incoming owners really will have. Bog roll prince 2.0 🤞

Edited by Tank_Owl2,0
Link to comment
Share on other sites

3 minutes ago, Tank_Owl2,0 said:

Especially when they don’t really have a pot to piss in (cash wise), unless they are taken over and who knows if the incoming owners really will have. Bog roll prince 2.0 🤞

The fees from Jebbison, Bogle, Traore have paid for the incomings

Link to comment
Share on other sites

42 minutes ago, Reesh said:

Just the way Maguire phrases things, he loves to dig at Wednesday with subtlety 

Wouldn’t mind so much but he gets his facts wrong. His article about the consolidated group losses being on top of the company’s losses was a shameful and amateurish bit of journalism for someone supposed to be a financial expert. 

  • Like 1
Link to comment
Share on other sites

7 minutes ago, Chelters said:

Wouldn’t mind so much but he gets his facts wrong. His article about the consolidated group losses being on top of the company’s losses was a shameful and amateurish bit of journalism for someone supposed to be a financial expert. 

Hence he teaches.......

Link to comment
Share on other sites

1 minute ago, bradowl said:

Article saying they have sold Cameron Archer, I thought it was a loan from Aston Villa with a view to a permanent deal this summer. 

But he went back. 😁

No it was a full sale but Villa had a buy back clause.

  • Thanks 1
Link to comment
Share on other sites

1 hour ago, Reesh said:

No it was a full sale but Villa had a buy back clause.

So basically the money they  still have to pay Villa is offset against what Villa have to pay them . So in otherwords all they have paid is a loan fee

  • Like 1
Link to comment
Share on other sites

2 hours ago, lobster said:

So basically the money they  still have to pay Villa is offset against what Villa have to pay them . So in otherwords all they have paid is a loan fee

Yes but Villa cook the books. 

The transfer fee agreed with Utd is shown in full in that year's accounts but the buy back amount is shown as split over the years of his new contract. 

Better than a loan for accounting purposes and FFP

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...