CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Sutekh]

300

[Crusader Royal]

Given that Dai wouldn't do it, nor would the directors, that only really leaves a successful winding up order as the only way it could happen.

We aren't going to get wound up while we still have some money to pay the bills, so that really seems to suggest that it would only happen if we'd spent the season ticket money and the Olise money, and consequently would be lucky to finish the season.

An administrator would then come in and slash costs to the bone while looking for a buyer. It would not be pretty.

The wonders of ChatGPT also suggest that the stadium situation doesn't get easily resolved by going into administration



In other words we could go into administration without being able to sell the club as a whole, in which case the clubs becomes much less valuable or viable.

Equally though any Administrators have to balance that side with maintaining a club that is reasonably competitive in the league (though I think it might be seen as pretty pointless after the 12 point deduction).

I don't think it would. We'd still be outside the relegation zone if a 12 point deduction was applied today. Very good chance of staying up if we can remain competetive,

It would be the sale of all our senior players at knock down prices and probably having an Academy coach managing the team that would be the issue. I don’t think administrators would have to make decisions about a ‘competitive’ side, they would just need to try and ensure we fulfilled our fixtures.

[windermereROYAL]

A tragic milestone that it`s got this far. nothing to be proud of.

[tmesis]

It would be the sale of all our senior players at knock down prices and probably having an Academy coach managing the team that would be the issue. I don’t think administrators would have to make decisions about a ‘competitive’ side, they would just need to try and ensure we fulfilled our fixtures.

It depends on the time it happened. If it was after the transfer window shut, we couldn't sell anyone.

[Sutekh]

It would be the sale of all our decent senior players at knock down prices and probably having an Academy coach managing the team that would be the issue. I don’t think administrators would have to make decisions about a ‘competitive’ side, they would just need to try and ensure we fulfilled our fixtures.

C4Y

[mikey_1871]

Equally though any Administrators have to balance that side with maintaining a club that is reasonably competitive in the league (though I think it might be seen as pretty pointless after the 12 point deduction).

I don't think it would. We'd still be outside the relegation zone if a 12 point deduction was applied today. Very good chance of staying up if we can remain competetive,

It would be the sale of all our senior players at knock down prices and probably having an Academy coach managing the team that would be the issue. I don’t think administrators would have to make decisions about a ‘competitive’ side, they would just need to try and ensure we fulfilled our fixtures.

Well yes, if that happens then we're buggered.
But that was not the point I was questioning, it was whether it would be seen as pointless to remain competetive after a 12 point deduction

[Crusader Royal]

I don't think it would. We'd still be outside the relegation zone if a 12 point deduction was applied today. Very good chance of staying up if we can remain competetive,

It would be the sale of all our senior players at knock down prices and probably having an Academy coach managing the team that would be the issue. I don’t think administrators would have to make decisions about a ‘competitive’ side, they would just need to try and ensure we fulfilled our fixtures.

Well yes, if that happens then we're buggered.
But that was not the point I was questioning, it was whether it would be seen as pointless to remain competetive after a 12 point deduction

Not sure there is much point looking at one consequence in isolation. If we went into admin there would be lots of consequences beyond a points deduction. The sum of those would be to make us pretty much uncompetitive. And the administrators wouldn’t be working on the basis of maximising our points return anyway. They are sorting the finances, not picking the team

[SouthDownsRoyal]

Any update on this takeover?

[Mid Sussex Royal]

Not that I've seen, and all the usual ITK's on twitter have been very quiet.

I'd hope something comes out this month given funds are running out.

[The Royal Forester]

Not that I've seen, and all the usual ITK's on twitter have been very quiet.

I'd hope something comes out this month given funds are running out.

Tim Dellor said on his programme last night that Sandia Investment Management UK Ltd. "may or may not be involved" (his words). Looking at the Companies House website, I see they were incorporated on 4th. September 2024 , registered at 1 Station Hill, Reading Berkshire. The two directors, both American, are named as Mr. Thomas James Cagna and Mr. Timothy J. Sicher. Anybody want to do a bit more research to see if they could be suitable saviours?

[Sutekh]

Not that I've seen, and all the usual ITK's on twitter have been very quiet.

I'd hope something comes out this month given funds are running out.

Tim Dellor said on his programme last night that Sandia Investment Management UK Ltd. "may or may not be involved" (his words). Looking at the Companies House website, I see they were incorporated on 4th. September 2024 , registered at 1 Station Hill, Reading Berkshire. The two directors, both American, are named as Mr. Thomas James Cagna and Mr. Timothy J. Sicher. Anybody want to do a bit more research to see if they could be suitable saviours?

Believe Mr Sichler is or has been Chief Information Officer at Sandia Investment Management LP while Mr Cagna is or was also working for Clearline Capital, therefore would suggest the Sandia parent are certainly involved somewhere.

[morganb]

https://x.com/james_e1871/status/185276 ... Mj6TA&s=19

"The update is there is no update. They are continuing talks, but nothing has moved forward." (Selles to Earnshaw)

[Royalwaster]

Not that I've seen, and all the usual ITK's on twitter have been very quiet.

I'd hope something comes out this month given funds are running out.

Tim Dellor said on his programme last night that Sandia Investment Management UK Ltd. "may or may not be involved" (his words). Looking at the Companies House website, I see they were incorporated on 4th. September 2024 , registered at 1 Station Hill, Reading Berkshire. The two directors, both American, are named as Mr. Thomas James Cagna and Mr. Timothy J. Sicher. Anybody want to do a bit more research to see if they could be suitable saviours?

May or may not be involved - that's what I call hedging your bets. "I may know something, but I equally may not know anything"

[Brogue]

I mean I broke the scope on the 7th October on Twitter and on here. It is sandia , there are no if’s or buts

[SouthDownsRoyal]

So no update then, as always

[blythspartan]

Almost 4 weeks into exclusivity and no progress. I am starting think IR was right in that exclusivity was conveniently announced at the same time as the current embargo. I hope it’s not all bullshit, but I guess we’ll find out soon if the money runs out. Administration is looking most likely now.

[tmesis]

. Administration is looking most likely now.

Who would put us into admistration?

[Mid Sussex Royal]

Mike Gow now reporting further judicial cases against Dai in China, now up to 32. Several are against Dai in a personal capacity. There are number of restrictions against him in China, although he's unlikely there.

[Sutekh]

How long before his “assets” are seized?

[Lower West]

Mike Gow now reporting further judicial cases against Dai in China, now up to 32. Several are against Dai in a personal capacity. There are number of restrictions against him in China, although he's unlikely there.

Doubt he's left China for a considerable period of time now. The allegations and subsequent court case were too serious in nature.