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Post by prioryboro on Apr 20, 2013 8:41:45 GMT
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Post by benny on Apr 20, 2013 9:04:47 GMT
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Post by Colin 'Trigger' Potter on Apr 20, 2013 9:29:03 GMT
I thought that, article dated april 19th.
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Post by striker on Apr 20, 2013 10:06:38 GMT
Blimey, your having a laugh! great if its true, lets hope so!
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Post by froggie on Apr 20, 2013 13:06:32 GMT
Did hear about this in December last year, but was asked to keep it quiet, also have seen a guy in the crowd at home a few times taking notes & had a chat with him, he confirmed he was looking at the club for an interested third party, lets see what happens, could mean big changes & all those clambering for more local players may even see less than there is now!
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Post by sideline on Apr 20, 2013 14:01:38 GMT
Nice Dream this or a good leg pull. I'd love to be onboard for a rise up the leagues bigger crowds and media attention....but wait.... aren't we a C.I.C. with over 50% of shares held by Langney Playing Fields Committee to stop any "Here today gone tomorrow" investors taking over?
I'm no corporate lawyer but that must be a big obstacle. Unless you know better.
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Post by TheBoroLad on Apr 20, 2013 17:17:45 GMT
Did a bit of research about this i came across a PDF file titled: Kuwait European Holding Company Group Structure – Briefing Note March 2013 At first glance i couldn't see anything to do with the club so i searched for keywords "Eastbourne Borough" One result came up. This is a print screen of the company structure which has the club within it.. gyazo.com/b6087c035440cc50697b27d98f1c6458I changed the search to just "Eastbourne" and came across a section titled: KEH: SUBSIDIARIES OVERVIEW This is a print screen of the last part of this section. gyazo.com/d8343b9b82acc368758615b24ef14617
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Post by clavius on Apr 20, 2013 17:39:47 GMT
Hmm..at first glance, we could be a wealthy club, but I thought the idea of a community set up like ours was to stop someone doing a runner and leaving the club in dire straits, which has happened to (insert recent club of choice) I know its small beans but I really am against foreign investors grabbing another piece of our heritage. Ok it has done chelsea and man city no harm, but what happens when the taps switch off. Premiership clubs can survive because the gate money and tv rights would inevitably keep them afloat, apart from having to repay the investor off for his share of the club. Eastbourne borough would have to make amazing leaps forward to keep the money people happy...there has to be some sort of return or it is not a viable business venture. Call me a cynic but there is no such thing as a free lunch. Ill believe it when it happens, and if it does ill look forward to visiting the retail park built on priory lane, planning approval? This government will do anything for foreign money.
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Post by Colin 'Trigger' Potter on Apr 20, 2013 19:11:46 GMT
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Post by clavius on Apr 20, 2013 19:14:51 GMT
the devil is in the detail.........
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Post by TheBoroLad on Apr 20, 2013 19:20:39 GMT
Well thats largely disappointing!
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Post by clavius on Apr 20, 2013 19:24:58 GMT
maybe len smiths comment in the herald concerning "falling gates have hurt us" was a veiled statement.
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Post by TheBoroLad on Apr 20, 2013 19:28:10 GMT
Just got to hope people start coming back next season!
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Post by Colin 'Trigger' Potter on Apr 20, 2013 19:35:50 GMT
I'm actually glad of this. Look at crawley now, up for sale and struggling to find a buyer because their rise is unsustainable. How many times have we seen sugar daddys get bored? I personally would rather it take 20 years to reach football league or never reach there at all but still have a club to support in 20 years.
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Post by Andrew Raeburn on Apr 20, 2013 20:41:54 GMT
I'm actually glad of this. Look at crawley now, up for sale and struggling to find a buyer because their rise is unsustainable. Not sure they're struggling to find a buyer. This says four parties are interested - www.theargus.co.uk/sport/crawleynews/10361641.Saudi_oil_firm_show_interest_in_buying_Crawley/ - and it does take a while to complete the sale of a football club. It's true that the money which has taken them from the Conference to League One has dried up, but that was inevitable. A certain amount of money only takes you so far - and then you need fresh capital. They didn't have a wealthy backer, just a lot of investors who had a finite amount of cash to put in. Now it's the turn of another lot.
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Post by TheBoroLad on Apr 20, 2013 20:52:53 GMT
Personally, i would of loved a takeover - Yes it may have gone badly, but the company arent exactly in any financial crisis considering they're supposedly splashing out £350,000,000 on a theme park!!
However, smart move from not too let someone takeover unless they can protect the clubs future.
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Post by goonerboy on Apr 20, 2013 20:53:45 GMT
Ball ****.
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Post by Colin 'Trigger' Potter on Apr 20, 2013 21:57:53 GMT
Ok maybe got the words wrong there, i know when it was announced they up for sale in an interview someone stated that finding a buyer might be difficult because of the money now needed to continue the unsustainable success that they've had.
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Post by striker on Apr 20, 2013 22:51:24 GMT
Hmm..at first glance, we could be a wealthy club, but I thought the idea of a community set up like ours was to stop someone doing a runner and leaving the club in dire straits, which has happened to (insert recent club of choice) I would have thought Legally that the share holders are the owners of the club, if the shareholders are the being conceived as the "Community" and own 50% of the shares and Len the other 50%, then if Len decides to sell and all the shareholder do likewise, there isn't a lot that anyone of us can do about it? Just a thought!
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Post by clavius on Apr 21, 2013 8:41:46 GMT
Correct me if I am wrong but are not the council the owners of the ground and all its environs? Are we not a club that rents said premises? If true then the shareholders own rights to a name only. Would the consortium, if taking over the club have intentions of purchasing the stadium et al, and would the council have let them?
Controlling interest can only be achieved by 51% or more 50/50 is a scenario where deadlock over the future path of the club could manifest itself. I suspect that at the moment Len has friends among the other shareholders which enables him to properly steer the club and its finances, which has proved to be of a sound nature indeed. That would inevitably change if Len sold his half. If you analyse lens comments in the herald about the clubs future under said consortium, it is quite clear that Len was concerned about the future intentions of the takeover group. Personally I smell a rat,does any one actually see the club attracting enough support to sustain football league status long enough for a financial return if a takeover happened? I mean no disservice to the potential buyers who apparently are football fans, but they are businessmen first and foremost. The deal may be dead, but dead is a term that has little consequence in the world of finance. I would not be at all surprised if this is not the last we have heard of this
God, i love a good conspiracy theory.......
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