Takeover Rumours

For once, and just this once, I agree with you..

 

I cant deny that sends shivers down my spine

The thing is we need to do this before anyone else does. It will attract big purchases from celebs, sports stars and everyone trying to show how cool and current they are.

Stuff like this buys back the ground and gives us a proper playing budget.

 

It would be a far better proposition if it had some football backing but I seriously doubt it. It’s just a load of speculators.

 

German wxxxxx

Totally agree Briggus well stated.
Marching on together

 

Absolutely, the fella has issued half a statement, there is definitely something going on behind the seens, if the statement was issued to stop the rumours it is a p*** poor attempt

 

The statement from Rupp this morning could be read 2 ways:
1) It was first contact Rupp has had. In which case takeover is definitely not close to happening and in all likelihood is a publicity stunt / smoke and mirrors for a different club that they actually want to buy.
2) It's a negotiation strategy by Rupp. They could have been in contact over a deal for the last month and with a deal looking workable they made an official formal offer yesterday. Rupp stating 'no further action has taken place' is a cleverly worded sentence which essentially means no decision has been made. Ie it may be accepted, or, more likely, it is Rupp posturing for a better deal. He might even be wanting to see how all this Crypto/NFT chat plays publicly - he won't want to be the villain again if he sells it to the wrong people.

On the actual potential business model of NFTs in football, I don't think you'll ever be able to convert enough of a clubs fanbase to adopt / buy NFTs. Far too many people are sceptical of their value and ultimately there is no tangible return on them. If that is the model, it won't end well.
What I think will work, is selling club branded NFTs to other NFT nerds (not even necessarily football fans). These guys have enough reach to be able to push this and you could bring in significant revenue from a) the sale of NFT to an international market, and b) converting those people into fans who otherwise would've never heard of the Bitcoin Bantams (this would tie in with their comments about pushing selling iFollow broadcasts). That money could then be used to fund the club and if combined with a good management and stats-based approach could be very exciting indeed.

 

Offers are never made at the first point of contact. If an offer has been made, they've been talking for weeks.

 

You do understand that that the Yorkshire Post talks nonsense.

Funny how Rupp has woken up and commented then.

Give your head a shake

 

Can someone educate me on how these NFTs mean we would own a part of the club?

i have no idea about this stuff but from the Kieran Maguire piece it sounded like NFT are selling bits of digital art that are unique. And the uniqueness gives it value.

So you could have a card with images of historic City moments and you own that card or whatever?

how does that make a League 2 club rich? The only demand for such art would come from within the clubs own fanbase? Nobody else cares if I have a card of McArdle with his tongue out at Wembley etc?

and if trades are done using a crypto currency, the money isnt usable in the real world as you can’t pay player wages, transfer fees and bills using crypto. You’d need other clubs to commonly trade crypto, thats even if the EFL allowed it??

So how so they owners get money out of crypto accounts into pounds sterling the club can spend in real life????

 

The statement from Rupp this morning could be read 2 ways:
1) It was first contact Rupp has had. In which case takeover is definitely not close to happening and in all likelihood is a publicity stunt / smoke and mirrors for a different club that they actually want to buy.
2) It's a negotiation strategy by Rupp. They could have been in contact over a deal for the last month and with a deal looking workable they made an official formal offer yesterday. Rupp stating 'no further action has taken place' is a cleverly worded sentence which essentially means no decision has been made. Ie it may be accepted, or, more likely, it is Rupp posturing for a better deal. He might even be wanting to see how all this Crypto/NFT chat plays publicly - he won't want to be the villain again if he sells it to the wrong people.

Which I think is exactly why 2 is the much more likely scenario. If it is 1 its not in any way serious and there won't be a takeover

 

Still laughing at owengoal, for that alone this is brilliant

 

No I only understand you do

 

Whatever or whoever they end up buying (if they do) this is exactly what it is all about, creating themselves a "low risk" revenue stream out of nothing.

 

good. In all honesty the prospective buyers did not seem that keen, they didn't know that we don't own the ground nor any training facilities.

im for one am not willing to gamble the club on a poor business plan.

 

Where did they say that they didn't know about the stadium/training ground?

 

they did a twitter spaces yesterday, someone asked about buying the ground and he stuttered about it for a good five minutes. they then asked a fan what they would like to do and the fan replied buy the ground and training facilities.