[Washington]

Mike Ashley's 20m bid for Wednesday rejected.  Thank fk, thinking he's a del boy with the 10m under value bid.

No surprise. I think Kris W said a minimum of 30 M was needed to ensure the 25 p creditor threshold was met to avoid the additional minus 15 points next season.

It would be a big gamble to think that available purchase money alternately invested in the team/ground would ensure relegation to L2 is avoided if starting on - 15 in August.

While galling to reward DC for his failures, anyone with enough money and a long term view/plan for the club won’t care and may be smart enough to structure the business arrangements to take SWFC losses as a tax deduction against other elements they own.
Personally I think our new owner will be American- the Welcome to Wrexham experiment has shown what can be done with a sensible plan and competent people in the correct roles. The magnitude and big names of their sponsorship being a perfect example.

[Imre varadi]

I think its 50 million the asking price and about 100million of debt and moving forward ..we probably need an investment of about 500 million to be ingnus up to scratch but that's not happening nor will.the rules of the elite let it happen .

[Statesideowl]

There's a lot of numbers being thrown about at the minute, as youd expect.
I would imagine we'd be sold closer to the 30-40m valuation as there is so much debt to clear. It needs to be a sensible deal for all financial parties involved.
As much as Chansiri deserves to be dragged around the stadium, we can't rob him.


Simon Jordan claims to have been part of a consortium that looked at the viability of Wednesday as a purchase.
He claims they decided against it as it would take around 5 years of rebuilding and investment to make the club a Championship contender.

That sounds legitimate to me given the detrimental effect of Chansiri’s ownership.

[St Charles Owl]

I think its 50 million the asking price and about 100million of debt and moving forward ..we probably need an investment of about 500 million to be ingnus up to scratch but that's not happening nor will.the rules of the elite let it happen .

There really is no debt aside from what is owed to DC. He is owed about 60m, so whoever takes over has to pay him 25% of that over and above buying the club, so thats 15m for him. On that basis I think around 40m will be the price.

[Washington]

I think its 50 million the asking price and about 100million of debt and moving forward ..we probably need an investment of about 500 million to be ingnus up to scratch but that's not happening nor will.the rules of the elite let it happen .

There really is no debt aside from what is owed to DC.  He is owed about 60m, so whoever takes over has to pay him 25% of that over and above buying the club, so thats 15m for him.  On that basis I think around 40m will be the price.

The other ‘big debt’ is the ~ 7 M to NAP for the ground which needs to be paid in full and then is the smaller creditors that have supplied goods/services that are still unpaiid.
I’ve not seen any statement myself but Punky was reporting that Paul Stanley had indicated today some late bids are coming in which might make it 5-7 in total. Some or all that have not visited the ground yet want to do so and the preferred bidder date may now move out to the 12th .
While 40 M might seem a reasonable upper value it might go even higher with this level of interest and if things move to a sealed ‘best and final offer’ bid though actual payment terms (all upfront or phased) will factor into the final selection decision by the administrators.

[Statesideowl]

Bernard is never coming back. Hes made of balsa.

Another one to release.

[Imre varadi]

Dec 5th takeover has been delayed because of late interests from other party's it's said it will probably another 2 weeks now from knowing who might takeover should everything work out right with the EFL

[Imre varadi]

RIP billy bonds a west ham legend twice FA Cup winner 75/80 and part of the fabric of the club .

[Maddix]

-10 points now. End of season do next week

[Statesideowl]

Excellent, eh?
The EFL said it "had no choice"

We know all about the EFL's choices. We had a few example this weekend with a denied penalty fir Lindsay's handball and the blatant red card not given to Offiah.
This on top of multiple offside goals and dubious pens against us.

Its just silly as the vultures are picking our carcass anyway. The EFL are making sure the
insult to injury will be a record points low and minimum games won.
I make it about 6pts now the EFL have cheated us out of so far this season. These points make a huge difference in reality and continually robbing us will not reflect the truth at the end of the season. It will make it look far worse..

The positive? It all hits this season so it doesnt matter anyway because we're dead in the water.
We can now look to new ownership and hopefully, hopefully.. formulate some sort of solid plan to move the club forward.