Shelveys Hair Posted July 26, 2019 Share Posted July 26, 2019 https://www.theguardian.com/business/2019/jul/26/sports-direct-shares-fall-results-delay-mike-ashley Rejoice There will never be a better time for a fans protest.. hence the Joelinton signing Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted July 26, 2019 Share Posted July 26, 2019 It would be so good if SD got into genuine financial trouble. Such a shit brand, shit stores and shit human being. Link to post Share on other sites More sharing options...
LV Posted July 26, 2019 Share Posted July 26, 2019 I think he's deliberately driving down the share price, to take it private again. The man is a law unto himself. I think you’re right Link to post Share on other sites More sharing options...
Si Posted July 26, 2019 Share Posted July 26, 2019 Yeah there's no way this isn't a scam. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted July 26, 2019 Share Posted July 26, 2019 Wouldn't he have bought the shares by now then? They've been tanking for ages. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted July 26, 2019 Share Posted July 26, 2019 Yeah there's no way this isn't a scam. I don't know like, I can easily believe he had success with SD because of the move to austerity shopping, and he doesn't have a clear strategy for all these acquisitions he's made. Link to post Share on other sites More sharing options...
mickthemagpie Posted July 26, 2019 Share Posted July 26, 2019 It would be so good if SD got into genuine financial trouble. Such a shit brand, shit stores and shit human being. And get taken over by someone else for next to nowt just to get the stock. Link to post Share on other sites More sharing options...
Happinesstan Posted July 26, 2019 Share Posted July 26, 2019 Yeah there's no way this isn't a scam. I don't know like, I can easily believe he had success with SD because of the move to austerity shopping, and he doesn't have a clear strategy for all these acquisitions he's made. All the stock he has inherited, although evidently not suitable for the market they flopped in, will probably be saleable in another part of the world. His association with the club gives him the global reach necessary to divest himself of those investments. And recoup a profit. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted July 26, 2019 Share Posted July 26, 2019 Yeah there's no way this isn't a scam. I don't know like, I can easily believe he had success with SD because of the move to austerity shopping, and he doesn't have a clear strategy for all these acquisitions he's made. All the stock he has inherited, although evidently not suitable for the market they flopped in, will probably be saleable in another part of the world. His association with the club gives him the global reach necessary to divest himself of those investments. And recoup a profit. Not at all convinced. He may be able to sell that stock I guess, but at way lower margins. And his association with NUFC is surely more toxic than beneficial at this point, and the club is becoming less and less well known around the world. I mean, sure he'll be alright, but I don't think we can assume everything he does is a super smart move. Link to post Share on other sites More sharing options...
Happinesstan Posted July 26, 2019 Share Posted July 26, 2019 Yeah there's no way this isn't a scam. I don't know like, I can easily believe he had success with SD because of the move to austerity shopping, and he doesn't have a clear strategy for all these acquisitions he's made. All the stock he has inherited, although evidently not suitable for the market they flopped in, will probably be saleable in another part of the world. His association with the club gives him the global reach necessary to divest himself of those investments. And recoup a profit. Not at all convinced. He may be able to sell that stock I guess, but at way lower margins. And his association with NUFC is surely more toxic than beneficial at this point, and the club is becoming less and less well known around the world. I mean, sure he'll be alright, but I don't think we can assume everything he does is a super smart move. "one man's shite is another man's treasure" isn't a particular super smart move, but it often works. Link to post Share on other sites More sharing options...
Anon Posted July 26, 2019 Share Posted July 26, 2019 If he'd sold up in 2008 for £250m and invested that, he'd have over £400m by now. Link to post Share on other sites More sharing options...
Happinesstan Posted July 26, 2019 Share Posted July 26, 2019 Wouldn't he have bought the shares by now then? They've been tanking for ages. He's raised the profile of his biggest commercial partner in the past month. The returns on that won't be recognised, in terms of SD sales, until the season begins. No hurry. There is also the uncertainty surrounding the accounts. I haven't got a clue but I would imagine that was bad for share prices. Link to post Share on other sites More sharing options...
timeEd32 Posted July 26, 2019 Share Posted July 26, 2019 I wish we knew what would get him to leave so I could root for that outcome. Is it another year or two in the PL to maximize the sale price? Or getting stuck in the Championship? Or crashing a division or two below that? Or is he here until he's dead? Link to post Share on other sites More sharing options...
Kanji Posted July 26, 2019 Share Posted July 26, 2019 He is here until 1) he's desperate for cash now or 2) found his max price where he won his deal and fucks off Link to post Share on other sites More sharing options...
Happinesstan Posted July 26, 2019 Share Posted July 26, 2019 I wish we knew what would get him to leave so I could root for that outcome. Is it another year or two in the PL to maximize the sale price? Or getting stuck in the Championship? Or crashing a division or two below that? Or is he here until he's dead? His personal business interests are woven into the fabric of the club. I think the best we can hope for is that he maintains PL status for long enough to demonstrate to a prospective buyer that they can profit from the deal he is prepared to offer. Not good enough for me. Link to post Share on other sites More sharing options...
Shelveys Hair Posted July 26, 2019 Share Posted July 26, 2019 The results been postponed til 4 now.. something is a miss, he has had a few people quit from top jobs in shite direct over the past months and was also buying back shares.. so maybe he is going to take it private. Hopefully he needs to raise £300 million to help his cause. Link to post Share on other sites More sharing options...
ToonArmy1892 Posted July 26, 2019 Share Posted July 26, 2019 He is here until 1) he's desperate for cash now or 2) found his max price where he won his deal and f***s off 3) croaks it Link to post Share on other sites More sharing options...
Guest neesy111 Posted July 26, 2019 Share Posted July 26, 2019 Farcical stuff by them today Link to post Share on other sites More sharing options...
Guest chopey Posted July 26, 2019 Share Posted July 26, 2019 "a total shambles" ha ha Link to post Share on other sites More sharing options...
Mikky Posted July 26, 2019 Share Posted July 26, 2019 God knows what they’ve been cooking up Link to post Share on other sites More sharing options...
Johneddy Posted July 26, 2019 Share Posted July 26, 2019 Imagine trying to do due diligence on the books of NUFC then - like untangling a tangled beachcaster reel in a force 10 Link to post Share on other sites More sharing options...
Dunce Posted July 26, 2019 Share Posted July 26, 2019 I cant believe people still hope for a takeover. He has absolutely zero intentions of selling the club. None whatsoever. Only drastic supporter action will possibly get rid , so it will never ever happen because our supporters are fucking pathetic! Link to post Share on other sites More sharing options...
gdm Posted July 26, 2019 Share Posted July 26, 2019 Wouldn't he have bought the shares by now then? They've been tanking for ages. He bought a load last month didn’t he? Link to post Share on other sites More sharing options...
Matt Posted July 26, 2019 Share Posted July 26, 2019 I don't think he's bought any since the IPO completed. SD themselves regularly buy shares back, which has the effect of increasing the % held by anyone not selling their shares back. Link to post Share on other sites More sharing options...
James Posted July 26, 2019 Share Posted July 26, 2019 Something is clearly going on here deadlines just don’t get missed so it means Ashley is interfering with objective assessments Link to post Share on other sites More sharing options...
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