How much would you want for your half?

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You really would hope that McCabe mentioned how much he thought it was worth, but of course that was 5 years or so ago.

Sounds like the Prince has opted to buy but said I’ll give you X amount and this is the issue.

Do you think that's the issue? I don't. I tell you why I say that. We know that the Prince opted to buy. We understand that his initial offer hasn't met McCabe's valuation. But why should that cause the two of them to fall out and not be on speaking terms? It's a negotiation. All negotiations go like that. One party asks for much more than they need. The other party offers much less than what they can afford. And eventually they meet somewhere in the middle. That's normal. That's no reason to fall out with each other and not be on speaking terms.

The issue, I think, is far more convoluted than that. I think it's a case of one party reneging on something that was stated in the contract, or agreed previously in the form of a "gentlemen's agreement", i.e. not stated in the contract but generally understood to be within the spirit in which the contract was drawn up.

OR...

(and here's where I get accused of being a conspiracy theorist..)..

One party has tried to find a third party to buy the other party out, outright, without prior consultation, and that has caused the rift.

This is my favoured theory. I think one party has got another investor lined up who has offered more for the job lot than what was originally agreed on paper between the two existing parties. So, the two existing parties are at war, trying to oust one another, so that the victor can sell on to the third party that is waiting in the wings.

We shall see.
 



I was wondering what was going to entertain us through the Summer months....

I assumed it would be McCabe v Prince - but am delighted to see Sean v WWF is warming up nicely!!

I look forward to them doing battle over the thickness of the red stripes on the new kit and the merits of the new digital advertising hoardings!
 
Of course, another way of describing starting threads no one agrees with and repeatedly bumping them to try and stay the focal point of the forum- particularly if you had a mirror- would be trollposting.
 
Sean has p.m'd me this post and I feel obliged to respond on here as well as p.m. him:

Simple points which seem to form the substantial parts of Sean's rhetoric:

1. Where did I say all of this? :

a) valuation re 'one club that finishes one place higher than another'
b) to ignore past audited accounts figures?
c) to give financial advice without seeing the books?
d) that I can value the business? Where did I 'throw the gauntlet?

As regards the date of audited accounts, Sean knows that by the time audited accounts are published there is a further year to add to the 6 months dated figures - hence my '18 months'.

As regards defining the' sliding scale', it was my suggestion that there will be a mechanism in the owners' legal agreement to reflect the level of investments by each owner in subsequent years. The division of the value of the club, if crystallised, by nature has to be a live, moving feast until crystallisation. The method of valuation of the club will have been outlined in that owners' agreement as will the proportional division of that value. If it is true that the owners have carefully matched each others' investments then it is not necessary. However KM did gift the prince 50% of the shares of the club and that half must have had strings attached if the owners always intended to match subsequent investments. Another constantly changing aspect is player valuations e.g. how much is Brooks worth this month? How much was he worth a year ago? Is he now worth less than he was the night of the Hillsborough Derby? Sean knows player valuations cannot be reflected in company accounts by the way.

As regards 'smarting over my failed petition'. Honestly Sean, do you think there was even a 5% chance that the petition would materialise? The whole point is getting the issues debated. 'Cutting up season tickets' - sound bite headline. Thing is I'm prepared to raise ideas and unpopular opinions in attempts to get people thinking about things I consider important for debate. One thing is for certain, the first fans' petition is that bit nearer following the discussion. Fans have power and I think Foxy will be a bit nearer to actually doing something one day. I did not 'bully' Foxy by the way, any new concept has to be driven a bit.

Sean also gave me a lecture in the p.m. about 'likes'.I must have said once that I appreciate 'likes', well of course I do and I think the number of 'likes' is one measure of the value of a post. A point of approval given from one member to another. Even 'likes' by morons for posts by other morons are a gesture in an open forum of course. To suggest I, of all members, court 'likes' is absurd. I spend plenty of my time berating moronic behaviour on here and holding up 'mirrors' for people to take a look at their behaviour. No I do not play the popularity game, I try to stimulate debate in areas I think are important and I call out bad behaviour from time to time.

For this exercise I took Sean off ignore and frankly I am shocked at the number of posts he has been rattling off about me. A lot of slander and mis-information. I do not hurl insults at people, especially Blades. If I can't debate then I back off. Names and insults are below me.

I do ask any reader of this to reflect for a moment or two why an accountant of obvious intelligence spends so much time agitating against a 70 year old Blade day in day out, numerous times every day when he knows he is on my 'ignore' list. He has regularly quoted things I said on Bladesmad; he knows better than me about things I'd forgotten long ago and churns it out. It's years since I was on Bladesmad !! He knows I'm not 70 until next week, he once challenged me when I said I was a 70 year old instead of 'in my 70th year'!! How sad is that?

Why don't I leave? I've flounced twice but will not be driven away. Sean did suggest a petition the other day though. Nobody has ever reported me actually.


And you called me insecure :)
 
Do you think that's the issue? I don't. I tell you why I say that. We know that the Prince opted to buy. We understand that his initial offer hasn't met McCabe's valuation. But why should that cause the two of them to fall out and not be on speaking terms? It's a negotiation. All negotiations go like that. One party asks for much more than they need. The other party offers much less than what they can afford. And eventually they meet somewhere in the middle. That's normal. That's no reason to fall out with each other and not be on speaking terms.

The issue, I think, is far more convoluted than that. I think it's a case of one party reneging on something that was stated in the contract, or agreed previously in the form of a "gentlemen's agreement", i.e. not stated in the contract but generally understood to be within the spirit in which the contract was drawn up.

OR...

(and here's where I get accused of being a conspiracy theorist..)..

One party has tried to find a third party to buy the other party out, outright, without prior consultation, and that has caused the rift.

This is my favoured theory. I think one party has got another investor lined up who has offered more for the job lot than what was originally agreed on paper between the two existing parties. So, the two existing parties are at war, trying to oust one another, so that the victor can sell on to the third party that is waiting in the wings.

We shall see.

It wouldn't surprise me if that was very close to truth
 
Do you think that's the issue? I don't. I tell you why I say that. We know that the Prince opted to buy. We understand that his initial offer hasn't met McCabe's valuation. But why should that cause the two of them to fall out and not be on speaking terms? It's a negotiation. All negotiations go like that. One party asks for much more than they need. The other party offers much less than what they can afford. And eventually they meet somewhere in the middle. That's normal. That's no reason to fall out with each other and not be on speaking terms.

The issue, I think, is far more convoluted than that. I think it's a case of one party reneging on something that was stated in the contract, or agreed previously in the form of a "gentlemen's agreement", i.e. not stated in the contract but generally understood to be within the spirit in which the contract was drawn up.

OR...

(and here's where I get accused of being a conspiracy theorist..)..

One party has tried to find a third party to buy the other party out, outright, without prior consultation, and that has caused the rift.

This is my favoured theory. I think one party has got another investor lined up who has offered more for the job lot than what was originally agreed on paper between the two existing parties. So, the two existing parties are at war, trying to oust one another, so that the victor can sell on to the third party that is waiting in the wings.

We shall see.


"At war" sells more papers and attracts more clicks CB where accuracy isn't necessary. Remember much of the media got the meaning of the initial announcement wrong.
 
Sean Thornton and Woodwardfan - why don't you guys meet for a drink and a chat.

Then perhaps once you've seen the whites of each other's eyes and maybe developed some understanding, if not respect, then perhaps you can stop the handbags? ;)




He's asked more than once. l've no wish to meet someone who repeatedly asked for me to be banned simply for pointing out facts he doesn't like. Read into that what you will.
 
Rest assured, Sean Thornton , you’re amongst friends here - most of this forum’s posters would like to see you banned, but haven’t quite got round to it yet....

:)
 
How many 4 storey blocks of flats could you build on the site?

I reckon the rest is fairly neutral - players valuations minus their contractual earnings.

Oh and goodwill - valued on the basis of current negotiations as the square root of bugger all !!!
 
Sean Thornton and Woodwardfan - why don't you guys meet for a drink and a chat.

Then perhaps once you've seen the whites of each other's eyes and maybe developed some understanding, if not respect, then perhaps you can stop the handbags?


I"ve had offers to meet face to face refused time and again. I'd like to look him in the eye when I ask him ..why?
 




l refused the first time you asked I believe and have not acknowledged any other request if memory serves me correctly.

I'll put it down to your forgetfulness rather than mendacity.

You carry on all you like. If you make false claims I will respond. As for anything else, good luck with it.
 
Do you think that's the issue? I don't. I tell you why I say that. We know that the Prince opted to buy. We understand that his initial offer hasn't met McCabe's valuation. But why should that cause the two of them to fall out and not be on speaking terms? It's a negotiation. All negotiations go like that. One party asks for much more than they need. The other party offers much less than what they can afford. And eventually they meet somewhere in the middle. That's normal. That's no reason to fall out with each other and not be on speaking terms.

The issue, I think, is far more convoluted than that. I think it's a case of one party reneging on something that was stated in the contract, or agreed previously in the form of a "gentlemen's agreement", i.e. not stated in the contract but generally understood to be within the spirit in which the contract was drawn up.

OR...

(and here's where I get accused of being a conspiracy theorist..)..

One party has tried to find a third party to buy the other party out, outright, without prior consultation, and that has caused the rift.

This is my favoured theory. I think one party has got another investor lined up who has offered more for the job lot than what was originally agreed on paper between the two existing parties. So, the two existing parties are at war, trying to oust one another, so that the victor can sell on to the third party that is waiting in the wings.

We shall see.
I like the second theory, well I don’t but it makes sense.
 
Sean. Focus on those questions I asked you -a) to d).

It's your 'head on the block ' now. I never said what you attacked me on.

Show everybody where I did.


You waffled on about a "sliding scale" and said categorically that I didn't understand it. It's not unreasonable to expect that you do understand it, whatever it is, and therefore I'd think you believe you CAN put a value on it, especially seeing as you mention league position, Brooks value etc. I asked you to explain what it was, you've ignored that request. Let's start there.

(Please don't swerve about the initial agreement, you have no idea what's in it regarding exit strategies other than obvious basics. Same as the rest of us).

I'm currently involved in raising a substantial amount for a client. Do you know what the lenders asked for first? The most recent management accounts and the last three years trading accounts.

I'm still waiting for them to ask for an instinct based opinion from someone who has no idea of the current financial position. Is the underwriter clueless?
 
You waffled on about a "sliding scale" and said categorically that I didn't understand it. It's not unreasonable to expect that you do understand it, whatever it is, and therefore I'd think you believe you CAN put a value on it, especially seeing as you mention league position, Brooks value etc. I asked you to explain what it was, you've ignored that request. Let's start there.

(Please don't swerve about the initial agreement, you have no idea what's in it regarding exit strategies other than obvious basics. Same as the rest of us).

I'm currently involved in raising a substantial amount for a client. Do you know what the lenders asked for first? The most recent management accounts and the last three years trading accounts.

I'm still waiting for them to ask for an instinct based opinion from someone who has no idea of the current financial position. Is the underwriter clueless?


Sean. I'm starting to feel sorry for you.

So I didn't say any of the items you 'put my head on the block' for.

Club valuation :You now say " I think you believe you can put a value on it." And the 'one position above' nonsense, what about that? And the financial advice 'without looking at the accounts"? And to ignore financial accounts?

Did you "think I believed" all that? Because I never said any of them That's what I do believe. Prove me wrong. Simple.

Simple points a) to d). Substantiate please.

You are deliberately trying to mix apples with oranges. Stick directly to what you said in a) to d).
 
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Sean. I'm starting to feel sorry for you.

So I didn't say any of the items you 'put my head on the block' for.

Club valuation :You now say " I think you believe you can put a value on it." And the 'one position above' nonsense, what about that? And the financial advice 'without looking at the accounts"? And to ignore financial accounts?

Did you "think I believed" all that? Because I never said any of them That's what I do believe. Prove me wrong. Simple.

Simple points a) to d). Substantiate please.

You are deliberately trying to mix apples with oranges. Stick directly to what you said in a) to d).


So after criticising me for being unable to put a current value on the club, something I'd already admitted to with sound reasons, you can't either? So what was your point?


"Sean wouldn't have a clue, never understood the 'sliding scale' which comes into play now/ relative to league position, proportion of monies invested, value of current squad ( including Brooks, Fleck, O'Connell )."

You understand it though. It says in your post, you give details.
 
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So after criticising me for being unable to put a current value on the club, something I'd already admitted to with sound reasons, you can't either? So what was your point?


"Sean wouldn't have a clue, never understood the 'sliding scale' which comes into play now/ relative to league position, proportion of monies invested, value of current squad ( including Brooks, Fleck, O'Connell )."

You understand it though. It says in your post, you give details.


Sean.

I have called you out to back up your statements made in an aggressive post which you p.m'd to me, otherwise I would not have seen it.

You said that I had stated 4 things (a to d) .

It turns out you " thought I might think I could value the club"

You will not back up the other three points.

You asked me to justify comments I never made. You made them up.

I answered all other points directly.

18 months is still 18 months!!

You challenged me aggressively and said my 'head was on the block".

Shame on you, Blade. And apparently a practicing accountant with a reputation to preserve.

Sean. My head is still on. Dig yourself out of the hole next to the block !!
 

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