Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by JonnyJ
Your starting to sound like Steve, Cosmo
Why so?!
It makes sense that you dont wait until deadline day to submit your interest in investing a hell of a lot of money. You get in there first and get front running on any other potential bidders.
They are either off the back of yesterdays game, or just another way of extending this admin period in the hope the administrators keep the club going until another bidder hopefully turns up.
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
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Bitey Bitey 
Most likely the latter
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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My money is on the latter, either that or they are some really really low bids aimed at trying to take the club on the cheap!
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AndyKent
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Registered: 3rd Sep 05
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They'll release more details tomorrow, so we'll see.
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Limecat
Banned
Registered: 25th Jun 05
Location: The Internet
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quote:
Originally posted by Cosmo
quote:
Originally posted by JonnyJ
Your starting to sound like Steve, Cosmo
Why so?!
It makes sense that you dont wait until deadline day to submit your interest in investing a hell of a lot of money. You get in there first and get front running on any other potential bidders.
They are either off the back of yesterdays game, or just another way of extending this admin period in the hope the administrators keep the club going until another bidder hopefully turns up.
I would say the exact opposite to be honest. Anyone that opts to buy a football club is doing so as a financial venture (even Roman @ Chelsea) so it goes without saying that you don't throw your hat into the ring until the last minute as the less you pay, the better. Administrators would be twitchy at the 11th hour, last days are notorious for that sort of thing.
Furthermore, its not like they have to buy the club and clear any outstanding debts with immediate effect, they can aproach the administrators and as long as they cover the clubs weekly/monthy defecits they can conduct due diligence.
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Danny P
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Registered: 20th Nov 02
Location: Cleckheaton, West Yorkshire
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quote:
Originally posted by Cosmo
quote:
Originally posted by JonnyJ
Your starting to sound like Steve, Cosmo
Why so?!
It makes sense that you dont wait until deadline day to submit your interest in investing a hell of a lot of money. You get in there first and get front running on any other potential bidders.
Or, you wait to the very last minute and get it as cheap as possible......
EDIT - Typed without reading LETGSI16V post
[Edited on 07-01-2008 by Danny P]
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Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
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Southend United v Barnsley
Hopefully we can win and get into the last 16.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by LETGSI16V
I would say the exact opposite to be honest. Anyone that opts to buy a football club is doing so as a financial venture (even Roman @ Chelsea) so it goes without saying that you don't throw your hat into the ring until the last minute as the less you pay, the better. Administrators would be twitchy at the 11th hour, last days are notorious for that sort of thing.
Furthermore, its not like they have to buy the club and clear any outstanding debts with immediate effect, they can aproach the administrators and as long as they cover the clubs weekly/monthy defecits they can conduct due diligence.
Firstly...Roman is not there for profit, or wouldnt of thrown £300m+ on players 
Secondly....the Administrators wouldnt get twitchy. The best option for them would easily be to shut the club down and sell off its assets, as that would be worth a hell of a lot more than any offer they will get for the club as it is now. They'll be lucky to get an offer of 20-30p for every £1 of debt realistically speaking which is probably nothing comapred to the value of the players, training ground and stadium.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Danny P
Or, you wait to the very last minute and get it as cheap as possible......
EDIT - Typed without reading LETGSI16V post
Thats just not how it works.
You enter the bidding early with a (semi) decent offer and be given the rights to conduct due-diligence. You will then either make this offer formal and be given sole rights to complete the deal, or decide to walk away.
Waiting until the last day - and therefore other bidders - means you will end up in a bidding war and certainly not get in there first and gain the upper hand on any deal from the administrators.
And again to repeat what I said in the above post, it makes little difference to the Administrators if you try to get the club on the cheap, they'll just say fuck off and get the best return on the debt another way.
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Danny P
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Registered: 20th Nov 02
Location: Cleckheaton, West Yorkshire
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Im just going on my E-Bay tactics TBH
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Limecat
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Registered: 25th Jun 05
Location: The Internet
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quote:
Originally posted by Cosmo
quote:
Originally posted by LETGSI16V
I would say the exact opposite to be honest. Anyone that opts to buy a football club is doing so as a financial venture (even Roman @ Chelsea) so it goes without saying that you don't throw your hat into the ring until the last minute as the less you pay, the better. Administrators would be twitchy at the 11th hour, last days are notorious for that sort of thing.
Furthermore, its not like they have to buy the club and clear any outstanding debts with immediate effect, they can aproach the administrators and as long as they cover the clubs weekly/monthy defecits they can conduct due diligence.
Firstly...Roman is not there for profit, or wouldnt of thrown £300m+ on players
Secondly....the Administrators wouldnt get twitchy. The best option for them would easily be to shut the club down and sell off its assets, as that would be worth a hell of a lot more than any offer they will get for the club as it is now. They'll be lucky to get an offer of 20-30p for every £1 of debt realistically speaking which is probably nothing comapred to the value of the players, training ground and stadium.
On the Roman thing we will have to put it down to a clash of opinions but he is there for money, just as the Glazers are at Red Scum and just as Hicks/Gillette are at Liverpool. If it was simply a rich boys 'hobby' then why didn't he do it with a Russian team or one he supported? He has spent money to accumulate it, if it was a hobby he wouldn't be putting a team in place to make them self sufficient and push themselves out as a global brand.
On the administration thing, you seem to have them mixed up with asset strippers. Please learn what an administrators role is. It is there to protect the interests of various parties, most of those parties have a vested interest in the club continuing.
Look at when Chelsea was bought by Ken Bates - £1, look at when Sean Jarvis bought Oldham - £1. Every man and his dog knows the land is worth far more than that but the administrators are not there as asset strippers who must be 'bought out' as many people wrongly believe.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by Cosmo
quote:
Originally posted by LETGSI16V
I would say the exact opposite to be honest. Anyone that opts to buy a football club is doing so as a financial venture (even Roman @ Chelsea) so it goes without saying that you don't throw your hat into the ring until the last minute as the less you pay, the better. Administrators would be twitchy at the 11th hour, last days are notorious for that sort of thing.
Furthermore, its not like they have to buy the club and clear any outstanding debts with immediate effect, they can aproach the administrators and as long as they cover the clubs weekly/monthy defecits they can conduct due diligence.
Firstly...Roman is not there for profit, or wouldnt of thrown £300m+ on players
Secondly....the Administrators wouldnt get twitchy. The best option for them would easily be to shut the club down and sell off its assets, as that would be worth a hell of a lot more than any offer they will get for the club as it is now. They'll be lucky to get an offer of 20-30p for every £1 of debt realistically speaking which is probably nothing comapred to the value of the players, training ground and stadium.
Except that luton (town) don't own their training ground, or the land on which the stadium stands 
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