I dont know how to print links here im really not that pc savvy, but read the midlanders article on the newsnow site.
Makes interesting reading.
Least somebody seems to know what theyre talking about, im sick of people like pannu going on about a financial black hole and explaining nothing.
We havent spent frivolously like leeds and portsmouth did at all.
So wheres all the effin money gone
KRO
I'm not a Birmingham fan but is anyone, like me, peed off at foreigners coming into clubs in a blaze of glory and promising the Earth, only to later be exposed as conmen or not having the reources first stated. This Joker at Birmingham, the clowns at Notts County, Sam Hamman at Cardiff and the chicken fiddlers at Blackburn. Also the guy that took over Man City briefly.
What happened to the fit and proper persons test.
£12M would buy out CY's share which is what it was worth when his assets were frozen.
Surely someone in China has some spare HK$$ lying around .
I feel a whole heap better now I've read that.
KRO
"Also the guy that took over Man City briefly."
That'll be Thaksin Shinawatra then.Ex-Prime Minister of Thailand and the man who nearly caused a Civil War in his own country last year!
I'm sure that he was in it for his love of football and Manchester mind...just like Yeung & Pannu!
This article should read:
"Bank won't pull the plug on Blues...YET!
Good point actually, why dont the other 74% protect their cut of what was around 80M and provide the necessary funds for decent players?
Maybe thats what Pannu has been over there for, maybe they told him to take a hike...
Which is confusing cos if we go bust they lose everything.
Might be theyre waiting for the court case to end xppat,
If Yeung goes down or not they could/should buy him out. His actions alone are forcing them into a corner.
Would anyone come public and say they were in business with CY ? Especially today.
After he has been sentenced or aquitted then we might see some movement. They could have a vote of no confidence and remove him anyway. (I think)
KRO
Lads and/or Lasses, a couple of things:
-1- The bank are only in it to protect their exposure. Once that is in the clear they will cut any and all ties or risks to any investment/return that is not in their interest [no pun intended].
-2- 2BiB, Thaksin Shinawatra's sister has just been elected PM of Thailand. As i worked on the Suvarnabhumi Airport when TS was PM i can tell you it was not him that nearly caused any civil war in the country. There are divisions there but in general he had spread the wealth [of which he has a lot, most of it self-made] and made sure that the foreigner/'farang' paid their taxes through the nose for the privilege of living there.
Anyway, we are getting the slate wiped well and truely clean so taking the positive from the negative, this can only be good in the long run even if it means we have further falls from grace.
With all due respect to the likes of Sheffied U/W , Norwich, Ipswich etc a team that has history [PL/Cup recent cup winners etc] in a catchment area the size of the W. Mids/B'ham will always be an attractive option to a consortium who wants to 'invest' their money.
KRO
Apparently, Yeung, as the major shareholder, has control of the club. This must have been agreed. I can understand why the other shareholders do not want to put any more money into the club as the man controlling it is tied up in a legal wrangle - this would be very high risk. It's more likley that an outsider could make a bid for the majority share - I couldn't see Yeung opposing that as that may lead to a aggressive takeover where he would lose out completely.
Really, I don't think any of this will happen - Yeung will continue with the court case, the blues will not get a cash injection.
The article does make sense, though.
Just to let you know that 74% of Ted Bundy's immediately family weren't serial killers.
It's the 26% that is destroying you.
Concentrate on that. Meditate on that.
Ah, this is the correct place...
But JH Baggie
That is like saying 74% of the fans who support Wolves and WBA who have hands and feet with six fingers or more were no threat to you whereas the other 26% were,
That leaves a shed load of people out to do you harm!
If i have missed the point, please forgive me and explain...
i'm a shareholder and would be more than willing to get my collecting tin out to buy Yeung out. If all it would take is the reported 12-20 mill then surely we have enough wealthy supporters who could form a consortium to do this. That is not a lot of dosh for a controlling stake in a football club like ours. Like its been said though until the court case nothing aint gonna happen and the wait until then is going to be a nightmare. It does however give potential takeover/investor candidates time to sort a plan of action out. We can only hope!!
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Bank wont pull the plug on Blues
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posted on 28/7/11
I dont know how to print links here im really not that pc savvy, but read the midlanders article on the newsnow site.
Makes interesting reading.
Least somebody seems to know what theyre talking about, im sick of people like pannu going on about a financial black hole and explaining nothing.
We havent spent frivolously like leeds and portsmouth did at all.
So wheres all the effin money gone
KRO
posted on 28/7/11
I'm not a Birmingham fan but is anyone, like me, peed off at foreigners coming into clubs in a blaze of glory and promising the Earth, only to later be exposed as conmen or not having the reources first stated. This Joker at Birmingham, the clowns at Notts County, Sam Hamman at Cardiff and the chicken fiddlers at Blackburn. Also the guy that took over Man City briefly.
What happened to the fit and proper persons test.
posted on 28/7/11
£12M would buy out CY's share which is what it was worth when his assets were frozen.
Surely someone in China has some spare HK$$ lying around .
I feel a whole heap better now I've read that.
KRO
posted on 28/7/11
"Also the guy that took over Man City briefly."
That'll be Thaksin Shinawatra then.Ex-Prime Minister of Thailand and the man who nearly caused a Civil War in his own country last year!
I'm sure that he was in it for his love of football and Manchester mind...just like Yeung & Pannu!
posted on 28/7/11
This article should read:
"Bank won't pull the plug on Blues...YET!
posted on 28/7/11
Good point actually, why dont the other 74% protect their cut of what was around 80M and provide the necessary funds for decent players?
Maybe thats what Pannu has been over there for, maybe they told him to take a hike...
Which is confusing cos if we go bust they lose everything.
posted on 28/7/11
Might be theyre waiting for the court case to end xppat,
If Yeung goes down or not they could/should buy him out. His actions alone are forcing them into a corner.
Would anyone come public and say they were in business with CY ? Especially today.
After he has been sentenced or aquitted then we might see some movement. They could have a vote of no confidence and remove him anyway. (I think)
KRO
posted on 28/7/11
Lads and/or Lasses, a couple of things:
-1- The bank are only in it to protect their exposure. Once that is in the clear they will cut any and all ties or risks to any investment/return that is not in their interest [no pun intended].
-2- 2BiB, Thaksin Shinawatra's sister has just been elected PM of Thailand. As i worked on the Suvarnabhumi Airport when TS was PM i can tell you it was not him that nearly caused any civil war in the country. There are divisions there but in general he had spread the wealth [of which he has a lot, most of it self-made] and made sure that the foreigner/'farang' paid their taxes through the nose for the privilege of living there.
Anyway, we are getting the slate wiped well and truely clean so taking the positive from the negative, this can only be good in the long run even if it means we have further falls from grace.
With all due respect to the likes of Sheffied U/W , Norwich, Ipswich etc a team that has history [PL/Cup recent cup winners etc] in a catchment area the size of the W. Mids/B'ham will always be an attractive option to a consortium who wants to 'invest' their money.
KRO
posted on 28/7/11
Apparently, Yeung, as the major shareholder, has control of the club. This must have been agreed. I can understand why the other shareholders do not want to put any more money into the club as the man controlling it is tied up in a legal wrangle - this would be very high risk. It's more likley that an outsider could make a bid for the majority share - I couldn't see Yeung opposing that as that may lead to a aggressive takeover where he would lose out completely.
Really, I don't think any of this will happen - Yeung will continue with the court case, the blues will not get a cash injection.
The article does make sense, though.
posted on 28/7/11
Just to let you know that 74% of Ted Bundy's immediately family weren't serial killers.
It's the 26% that is destroying you.
Concentrate on that. Meditate on that.
posted on 29/7/11
Ah, this is the correct place...
But JH Baggie
That is like saying 74% of the fans who support Wolves and WBA who have hands and feet with six fingers or more were no threat to you whereas the other 26% were,
That leaves a shed load of people out to do you harm!
If i have missed the point, please forgive me and explain...
posted on 29/7/11
i'm a shareholder and would be more than willing to get my collecting tin out to buy Yeung out. If all it would take is the reported 12-20 mill then surely we have enough wealthy supporters who could form a consortium to do this. That is not a lot of dosh for a controlling stake in a football club like ours. Like its been said though until the court case nothing aint gonna happen and the wait until then is going to be a nightmare. It does however give potential takeover/investor candidates time to sort a plan of action out. We can only hope!!
Page 1 of 1