7pm tonight

[dandywarhol]

Re: 7pm tonight

Hi Mike, Hope you don’t mind me picking your brain on this, as I know you’re an accountant and usually spot things others miss.

There’s been talk that Gary Otto has been in negotiations to buy Cardiff City for the last five or six months. Yet at the same time, Companies House now shows that ACV Sports Ventures (his vehicle) holds 50–75% of Sutton United’s shares, and he’s listed as the only person with significant control.

My question is — why would he allow that to happen if he’s supposedly trying to buy Cardiff?

I only ask because under EFL rules, you can’t have control or ownership of more than one club. So if he’s aiming to take over Cardiff, wouldn’t taking control of Sutton now actually prevent that?

The club said at the AGM that he “doesn’t intend to take a controlling interest,” yet the filings now say otherwise — so I’m struggling to understand the logic or strategy here. Is this something that might make sense from a financial or legal perspective?

My thoughts.he would have to sell his shares in sutton

[North Cardiff Blue]

Re: 7pm tonight

My thoughts.he would have to sell his shares in sutton

And if the rumours are true he will no doubt have a buyer in mind, ready and waiting.

[Ninian1962]

Re: 7pm tonight

And if the rumours are true he will no doubt have a buyer in mind, ready and waiting.

Sam Hamam?

[RichardM]

Re: 7pm tonight

Hi Mike, Hope you don’t mind me picking your brain on this, as I know you’re an accountant and usually spot things others miss.

There’s been talk that Gary Otto has been in negotiations to buy Cardiff City for the last five or six months. Yet at the same time, Companies House now shows that ACV Sports Ventures (his vehicle) holds 50–75% of Sutton United’s shares, and he’s listed as the only person with significant control.

My question is — why would he allow that to happen if he’s supposedly trying to buy Cardiff?

I only ask because under EFL rules, you can’t have control or ownership of more than one club. So if he’s aiming to take over Cardiff, wouldn’t taking control of Sutton now actually prevent that?

The club said at the AGM that he “doesn’t intend to take a controlling interest,” yet the filings now say otherwise — so I’m struggling to understand the logic or strategy here. Is this something that might make sense from a financial or legal perspective?

Sutton United are a non-league club, so I don't think EFL rules about having a controlling interest in more than one club would apply.
However, there might be an FA rule about it that considers the whole of the pyramid, not just the Premiership and EFL, but Cardiff are in the FAW's area, so would that apply.
Or maybe his offer to Tan involves a share swop so Tan becomes a shareholder in Sutton United 😀

[North Cardiff Blue]

Re: 7pm tonight

Sam Hamam?

[Rock_Flock_of_Five]

Re: 7pm tonight

I think you have just spent all your daily allowance of commas, Bob.

I'm guilty, of this, myself, however, Bob takes it, to a whole new, level at times

[the other bob wilson]

Re: 7pm tonight

I'm guilty, of this, myself, however, Bob takes it, to a whole new, level at times

It’s a fair cop, but, in that instance, I’m not sure which commas i could have got rid of.

[KingOfSiamIAm]

Re: 7pm tonight

I'm guilty, of this, myself, however, Bob takes it, to a whole new, level at times

If you read it with the voice of Captain Kirk in your mind… it, makes, perfect. Sense.

[splott parker]

Re: 7pm tonight

I’m all for commas, otherwise it’s a speed reading competition.

[ToTaL ITK]

Re: 7pm tonight

According to the other MB we were taken over days ago...why are we always a week behind in the news ffs.

[A Quiet Monkfish]

Re: 7pm tonight

You say none of us really know the full picture, which I agree with, yet, before that , you say “the fact is, they have made an offer or are in discussions with Tan and others”. Again, I suspect that, to some degree, that is true, but, to use your phrase, the fact is that, currently, we have some, not all, on one side adamant that there have been talks with various bodies held which mean that there will be announcement about a successful takeover quite soon, whereas the other side dismiss the bid as “rumours “ while denying things like the meeting supposedly held in Monaco a few days ago - the sides seem to be miles apart if what they’re allowing to get out into the public domain is anything to go by.

We have two completely different scenarios going into the start of the season. The club and trust who imply there's absolutely no truth in the rumours, and the rumours themselves that suggest three parties have made offers, had talks, done due diligence etc, etc. I don't care what the club says, and prefer to believe there's at least some substance in the rumours.

[jon1959]

Re: 7pm tonight

We have two completely different scenarios going into the start of the season. The club and trust who imply there's absolutely no truth in the rumours, and the rumours themselves that suggest three parties have made offers, had talks, done due diligence etc, etc. I don't care what the club says, and prefer to believe there's at least some substance in the rumours.

I believe.jpeg

[xsnaggle]

Re: 7pm tonight

Where have all these As with a circumflex above come from?

They don't appear to be in place of commas.

It is affecting loads of posts - like when the quote function fails, or slow response times cause duplicate posts to be made.

Starting to get very annoying.

I noticed that. At first I thought it was the poster being overseas and using a foreign keyboard, but it seems to be spreading

[xsnaggle]

Re: 7pm tonight

According to the other MB we were taken over days ago...why are we always a week behind in the news ffs.

They've also sign off 4 transfers but there saving it all to announce at the last minute, like every season

[TheBirchgrovePub]

Re: 7pm tonight

Another funny thing from the other board and their esteemed leader is them saying it is all in Tan’s hands now whilst also continually saying how much Tan hated Bale going public with his bid

Thick as two short planks !