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We played our part in the Exit!

Discussion in 'City Talk' started by Bigrod, Dec 4, 2018.

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  1. Bigrod

    Bigrod Captain
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    Correct me, but as far as I can see there are no new investors. JR is apparently not buying the 22% and no one else has been identified. No additional funding from a third party is available at this juncture. SR is going to inject money. So any involvement from a Supporters group or indeed an individual, seems totally irrelevant, there is no evidence whatsoever to the contrary.
     
    #41 Bigrod, Dec 4, 2018
    Botswana Bantam and Park bantam like this.
  2. CT Bantam

    CT Bantam Impact Sub
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    You sound disappointed mate. You're allowed to be happy at this turn of events too :p
     
    #42 CT Bantam, Dec 4, 2018
    banbrotam, Botswana Bantam, Bantam@{Lancs} and 3 others like this.
  3. Hulmebantam

    Hulmebantam Squad Player
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    What was that @Dennis@Dennis? Be interested to read.
     
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    #43 Hulmebantam, Dec 4, 2018
  4. Captain Grumpy

    Captain Grumpy Impact Sub
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    Put it this way if he’d taken his bat home we’d have been raising a save City appeal fund right now, supported by the T& A no doubt. In answer to your question he could have decided to write off his investment in City rather than throw another million at it which still might not be enough.
     
    #44 Captain Grumpy, Dec 4, 2018
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  5. City-since-67

    City-since-67 Impact Sub

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    And I think you have no idea what you are talking about.
     
    #45 City-since-67, Dec 4, 2018
    broadsword, Rogered Tart, Botswana Bantam and 4 others like this.
  6. Mike Hunt

    Mike Hunt Impact Sub

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    Bingley Bantams credibility is finished, you were reeled in by Edin to suit his agenda.
     
    #46 Mike Hunt, Dec 4, 2018
    Ricc, Bantam@{Lancs} and Dennis like this.
  7. Dennis

    Dennis Captain
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    I wrote this ..

    https://bantamtalk.com/index.php?threads/we-played-our-part-in-the-exit.1738/page-2#post-144120

    To explain a little further, it doesn't make sense for an owner to place his company in Admin because in doing so, he will lose his own investment of €6mill in the company instantly and the company won't benefit from having its external loans written off since it doesn't have any! In this particular case, it does make sense to throw some good money after the bad.

    In our previous Admins when JR was involved, there was a (sort of) business case for the owners placing the old club in Admin. In doing so, the very significant external loans, leases etc were written off and a new debt-free club could emerge to be sold by the Administrator to a new owner (or one of the previous owners!) at a knock down price. And of course stuffing the club's many small creditors at the same time.
     
    #47 Dennis, Dec 4, 2018
    Last edited: Dec 4, 2018
    banbrotam, Interested Bystander, Botswana Bantam and 2 others like this.
  8. Park bantam

    Park bantam Regular Starter
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    Where are the new investors? It’s the same investor with money coming from the same source.
     
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    #48 Park bantam, Dec 4, 2018
  9. Bronco

    Bronco Star Player
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    New investors, old investors, new money, old money it matters not a jot, I held Stefan as responsible as Edin for not having his finger on the pulse, unfortunately for us Edin was it seems a very manipulative co-chairman.
    So in the long run us fans are now where most wanted us to be, rid of Edin with a Bradford City fan working at the club as our CEO until the end of the season at least guiding the club in the right direction once again.
    Now Stefan has got to step up to the plate and deliver, the sideshow has left the building.
     
    #49 Bronco, Dec 4, 2018
    Damo, Skyebantam, JonButterfield and 2 others like this.
  10. Hulmebantam

    Hulmebantam Squad Player
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    Thanks.

    I guess underneath it all we have a cash flow issue? Not surprising with the drop off in season ticket income and probably pay on the gate as well.
     
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    #50 Hulmebantam, Dec 4, 2018
    Botswana Bantam likes this.
  11. Park bantam

    Park bantam Regular Starter
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    If the club’s financial position is as bad as some are making out that is probably along with a real chance of relegation which would make matters worse the reason Rupp has intervened now
     
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    #51 Park bantam, Dec 4, 2018
    How likes this.
  12. bantamdave41

    bantamdave41 Regular Starter
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    Left me disappointed with your knowledge...
     
    #52 bantamdave41, Dec 4, 2018
  13. Steve1970

    Steve1970 Squad Player
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    We've been saying it for years your peeing in the wind there...... :p
     
    #53 Steve1970, Dec 4, 2018
  14. Bronco

    Bronco Star Player
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    I never said there was, I have not implied any other I quoted what we were told when the fly bye was cancelled, are you reading between the lines?.
     
    #54 Bronco, Dec 4, 2018
  15. JonButterfield

    JonButterfield Star Player
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    As far as I'm concerned, cold hard facts have been laid for all to see, and yet some STILL cling to their own misplaced narrative.

    As Simon and Garfunkel sang, some see what they want to see and disregard the rest.
     
    #55 JonButterfield, Dec 4, 2018
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  16. Dennis

    Dennis Captain
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    That would be my guess too. It's been a working capital issue so far and not requiring any significant injection of capital. The club's future needs might well be different!
     
    #56 Dennis, Dec 4, 2018
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  17. Park bantam

    Park bantam Regular Starter
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    All right Biggles
     
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    #57 Park bantam, Dec 4, 2018
  18. City-since-67

    City-since-67 Impact Sub

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    And you know even less than Park. You have no idea. When the club were desperate to postpone the flyover who did they approach ? Our credibility is fine thanks because today wouldn't have happened if we hadn't approached Jon.
     
    #58 City-since-67, Dec 4, 2018
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  19. Steve1970

    Steve1970 Squad Player
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    Over the fecking moon with today's news.
    All you had to do was #believe but you didn't always trust those that know better.
     
    #59 Steve1970, Dec 4, 2018
  20. Park bantam

    Park bantam Regular Starter
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    Why did you ask for the flyover to be cancelled ?
     
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    #60 Park bantam, Dec 4, 2018
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