Takeover Rumours

Totally agree and to be honest if they are prepared to offer money he's happy with I think he'd be doing us a disservice by not selling and giving someone else a chance.

 

It's a fair point. The physical distance and lack of personal connection to the club probably means he doesn't give a rats ass for 95% of the week. He probably gets a little bit of dread on Saturday when he suddenly remembers there's a football match and then gets a bit of bad news on another draw or loss but forgets about it 10 minutes later when he goes back to his racing cars or whatever.

 

And if it goes wrong the people conducting the experiment can just walk away from it all, minus some dollars, and we will be left to pick up the pieces, again.

True that phrase may have referred, in the first instance to analytics, but it is indicative of a certain mindset. If only the people making such statements would be hurt if things go wrong, then that's their lookout. But people's careers and livelihoods are in play, not to mention the (emotional, and possibly financial) investment we as supporters have in the club. One owuld prefer statements that are less cavalier, and more aware of the communal importance of a football club.

RCB

 

This feels a little bit like dismissing it without hearing any of the detail. It's not even clear who this consortium is composed of - we've heard from a handful of people, but nobody has had anything to scrutinise beyond, what? A brief Twitter encounter? It could be that these guys are charlatans, but a lot of people have already made their minds up.

I also think way too much emphasis seems to have gone on the NFT element of this. They've stated their aims are to bring a stats and analytics based approach to things - and I'd like to hear more about that, as I think basically all EFL clubs are falling way short at this.

As I said before, the club is rotting and I'm not enjoying it. My baseline on what constitutes an acceptable risk is currently WAY lower than it would be if I was enjoying it.

 

I guess I'm very sceptical until I hear more detail, but anyone coming into the club with the aim of taking us into the higher reaches of the football pyramid will need to spend a huge amount of money. There is very little information to go on, so yes, maybe, I am being a bit premature, but I don't think the questions I asked are unreasonable.

I don't doubt that we could gain a significant edge with the use of data and analytics, but that will, for me, need to be backed up with significant investment within the team. I doubt a group of quants would be able to identify a squad of undervalued players from the conference/League 2/league 1 that'll take us into the Championship.

I agree absolutely that the club is rotting and I'm not enjoying it either.

 

Just got finished reading the BBC article. Very interesting stuff.

I guess we'll have to wait and see what happens.

 

I don't pretend to understand blockchain but its making a lot of people a lot of money.

 

"It is not known with certainty when the crypto investors offered, but they plan to close the deal with payment in BTC."

(BTC is Bitcoin cryptocurrency for any that didn't know.)

https://www.cryptopolitan.com/wagmi-crypto-investors-target-bradford-club/

 

Now there's a potential problem (if the report is accurate). It would be rather a gamble for Rupp: will bitcoin values rise or tank between the time he makes the sale and he gets to convert the bitcoins into proper currency? If he's not willing to take that chance, he'd be better off insisting that any buyer hand over good old-fashioned cash.

RCB

 

Aye I agree, as successful as crypto currency has been, I'm sure for all the successes there are many failings for others. It's a risk and I guess it depends on the risk appetite that Rupp has.

 

Only if it’s acceptable to selling party. Can you see Rupp accepting that ? I can’t

 

For all you know, Rupp may already have crypto investments as part of his portfolio.
If i was was Rupp i'd take accept Bitcoin offer on the condition he retains a minority stake in the club and a seat on the board.

 

Nah, it's not.

Like everything in capitalism, it is making a tiny minority a huge amount of money.

You won't find many people who have made good money.

 

They want the press coverage of finalising in BTC, otherwise why insist on it? Just convert to £ or Euros before paying

 

If he receives 10million in cold hard cash and kept it in a bank for 5 years it’ll be worth £10125000 at todays interest rates.
If he’s paid in bitcoins at todays prices he’d get about 220 of them.
My guess is a bitcoin could rise to £100k each within 5 years and thus be worth £22million.
I’d take my chances being paid in bitcoins thanks

 

On the other hand it could crash it’s a gamble. The only thing that might attract is if he did a deal that kept him on as part of the deal

 

To do what? He does nothing now so what could he possibly have to input. If you mean to retain a percentage then maybe, but I'd imagine he'd want rid of the hassle.

 

I'm trying to think when the last time our owner actually released any kind of statement. It must be well over a year since.

 

It's just another currency. I assume that most of his wealth is in Euros, it's no different to him if the offer is in £, $ or BTC. If he holds the funds in one currency then it might go up or down against a different currency or he can immediately convert it into €.

All the crypto and NFT stuff is just fluff, the nuts and bolts of the takeover would be the same as any other buyout. There will be a lump sum up front and then there will be a plan for financing the running of the club afterwards.