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Post by stig123 on Nov 3, 2016 19:28:58 GMT
Are there any rumours circulating about who our potential new owners might be? I understand a degree of privacy is required in these matters but the suspense is excruciating.
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Post by plainmoorpete on Nov 3, 2016 20:53:45 GMT
I reckon GI are favourites to be the new owners. I can't a sale to another bidder going through in such a short space of time.
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Post by stig123 on Nov 3, 2016 21:06:26 GMT
Wow! Wasn't expecting that. Hopefully not the case.......
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rjdgull
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Post by rjdgull on Nov 3, 2016 22:12:53 GMT
Of course Masters name keeps cropping up and there may be an angle for him which may come clear in time....
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Post by plainmoorpete on Nov 3, 2016 22:43:03 GMT
I can understand rumours about a swap between GI and Masters. TUFC without the freehold is pretty worthless to GI, but they can use it to get their hands on the Truro development while Masters gets TUFC in exchange. What Masters wants with TUFC I don't know.
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Post by stig123 on Nov 3, 2016 22:52:33 GMT
Very worrying. Not what I had hoped to hear. I had read something about Chinese or Canadian interest. Thought perhaps we had moved on from the GI/Masters speculation.
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Post by plainmoorpete on Nov 3, 2016 23:45:22 GMT
According to yesterday's herald express Dave Philips said that the Chinese, who were seen at plainmoor last Saturday and are owners of the summerbay complex, are not among the bidders on the table.
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simonb
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Post by simonb on Nov 4, 2016 6:00:24 GMT
The worry is that with the two bids on the table they are not of sufficient robustness to be accepted perhaps? Then things will hinge upon another two bids expected later next week? The default position being (if none of the bids are accepted) the GI could walk in and take the club over after January 31 if their loan is not repaid. What a mess, the major concern being on how things were allowed to get to this point does not imply good business acumen. Just wonder if any of the bids will be truly viable (will there be time for due diligence)? It's almost as though things are set up to fail!
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rjdgull
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Post by rjdgull on Nov 4, 2016 8:50:38 GMT
This is the gamble - one of these four bids has got to go through and in a brisk timescale. Last chance saloon with no leeway for any hiccups in the process. As for what will happen after any takeover is anyone's guess!
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Post by stig123 on Nov 4, 2016 18:04:17 GMT
Many thanks for the updates. Personally I will be happy to take my chances with anybody but the GI/Masters consortium. Fingers crossed. .....
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simonb
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Post by simonb on Nov 6, 2016 14:14:09 GMT
Let's hope this week brings some good news given the past few months continually depressing state of affairs!
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simonb
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Post by simonb on Nov 8, 2016 6:38:45 GMT
Also - if there are more than one bidders in the offing (and of sufficient integrity not to be after access to the club/ground just for personal financial gain) and are genuine in wanting to develop the club in the future, what a shame the current owners could not engineer a new consortium of those interested parties? Not expecting too much in the way of positive news this week other than the normal prevarication. Ultimately the spectre of GI and Masters still hang over Plainmoor!
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Deleted
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Post by Deleted on Nov 8, 2016 15:20:11 GMT
simonb What a veritable embarrassment of riches that would have given us. A truly mouth watering prospect if they'd been able to join forces. And of course, the polar opposite of TUST's madcap suggestion that all these investors should be rejected, while they could spend three months as preferred bidder. It really does emphasise how things can change so fast, but then wasn't it Harold Wilson who said 'A week is a long time in Plainmoor politics'
 I do think it's important that the new owners need to have some degree of motivation to achieve financial gain. The altruistic approach of Thea or the current Board can be admired on one level, but that desire to create a money making business by providing the product that will bring in the customers and thereby get the tills ringing would make a very pleasant change. That motivation to find better and more efficient methods, rather than be satisfied with the goal of raising enough money to cover the expense of keeping things as they are. No option for the moment other than to remain patient while Chairman Dave and the Board sift through the potentially ever growing pile of hopeful new owners, to identify the best deal for our future. It's definitely not something we'd want them to rush, as the consequences are so important. Indications are that none of the current bidders will require a TUST style further 3 months to learn whether they have or haven't got the money to step up to the plate. Let's remain hopeful that it will prove to be a nice early Christmas present for us all. |
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Jon
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Post by Jon on Nov 8, 2016 23:39:57 GMT
Like Alpine, I am hugely relieved that we have been spared a community share issue.
A community share issue means a hell of a lot of hard work. If you haven't got multi-millionaires lining up to pump hundreds of thousands of pounds per year into the club, you have to decide whether the hard work is worth it or whether you just wave goodbye to your football club.
But with all these benevolent rich people around, it is far easier to just sit back and enjoy.
Happy, stress-free days ahead as soon as we make up our mind which one of the many benefactors to take advantage of.
I must say, I had worked myself up into a state where I thought nobody would come along and throw riches at us with no ulterior motive. Silly me.
The body language of the front table at the fans' forum was a little puzzling. They looked like cornered wounded animals, snappy and aggressively defensive. They looked like people who knew they had gambled the club's future and who knew that they may very well go down in history as the people who killed TUFC.
Why didn't they just lighten up, smile and tell us all that everything was going to be all right? Don't worry be happy.
There will be cynics out there who say that there is no benevolent benefactor riding to the rescue. The sooner they are shut up the better.
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Rob
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Post by Rob on Nov 8, 2016 23:52:59 GMT
Anyone know what odds Chairman Dave is currently offering on former long term exclusivity period property developers GI taking over at the end of January?
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