US-based consortium close to £18m takeover

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Re: US-based consortium close to £18m takeover

Post by Token »

DrWindy wrote: Thu Mar 27, 2025 11:04 pm
Stowaway wrote: Thu Mar 27, 2025 10:57 pm
DrWindy wrote: Thu Mar 27, 2025 10:33 pm

The distance won’t help you. I was up at 3.30am to watch that and I will be up for Tuesday…
I might just turn my phone off on match days
Of course it’s up to you.

The club do a pretty good job of allowing overseas fans to stay involved with the streaming of games, and their twitter and app.

It will never replace the feeling of being physically there but you can still feel part of it if you want to.
I lived in Melbourne for 2 years back in the mid 90’s. Every Monday, and some Thursdays, I used to walk about 2 miles to the only shop that had an English newspaper to find out the football results. No tables or scorers. I had a notebook and had to manually put in everyone’s results to figure out where we were in the league.

How things change!
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Re: US-based consortium close to £18m takeover

Post by Orient Punxx »

Stowaway wrote: Thu Mar 27, 2025 10:55 pm
Adz wrote: Thu Mar 27, 2025 10:21 pm
Stowaway wrote: Thu Mar 27, 2025 9:41 pm This almost makes me glad I’m emigrating to Australia in December ☹️
Why?

Where in Oz you moving to?
My wife is Aussie and wants to go home after 25 years here. It’s been coming for about 6 years now and I’ve finally agreed. I don’t really want to, but…

We’re going to near Gosford on the central coast, couple of hours north of Sydney.
UK friends have lived there for 25 years now, love it there. Happily my Wife is from Bethnal Green,
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Re: US-based consortium close to £18m takeover

Post by J1MB0B »

Stowaway wrote: Thu Mar 27, 2025 10:55 pm
Adz wrote: Thu Mar 27, 2025 10:21 pm
Stowaway wrote: Thu Mar 27, 2025 9:41 pm This almost makes me glad I’m emigrating to Australia in December ☹️
Why?

Where in Oz you moving to?
My wife is Aussie and wants to go home after 25 years here. It’s been coming for about 6 years now and I’ve finally agreed. I don’t really want to, but…

We’re going to near Gosford on the central coast, couple of hours north of Sydney.
That’s where my little sister lives having been over there for about 10 years now.

Nice town and a nice train to get to Sydney. Much cheaper than our prices as well!!
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Re: US-based consortium close to £18m takeover

Post by Real Al »

Orient Punxx wrote: Fri Mar 28, 2025 6:25 am Happily my Wife is from Bethnal Green,
You say that, but what if she gets homesick and wants to return
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Re: US-based consortium close to £18m takeover

Post by Qin »

To get back on topic, im a little worried by this. Nigel has been a safe pair of hands for us, and despite due diligence, you never quite know what will happen. A fear of the unknown i suppose.
It might end up with us playing second fiddle to an American sports team.
Also what will the pitch look like in Feburary? etc
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Re: US-based consortium close to £18m takeover

Post by Long slender neck »

We might need an emigration to Oz thread.
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Re: US-based consortium close to £18m takeover

Post by Beradogs »

Yes. But even if we did go broke eventually we may get the cheerleaders back. Imagine those pert derrières and heaving bosoms.
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Re: US-based consortium close to £18m takeover

Post by Max B Gold »

Qin wrote: Fri Mar 28, 2025 9:38 am To get back on topic, im a little worried by this. Nigel has been a safe pair of hands for us, and despite due diligence, you never quite know what will happen. A fear of the unknown i suppose.
It might end up with us playing second fiddle to an American sports team.
Also what will the pitch look like in Feburary? etc
Artificial turf has improved significantly since the Loftus Road fiasco.
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Re: US-based consortium close to £18m takeover

Post by Currywurst and Chips »

If they want to do the NFL Europe thing and other non orthodox stuff on top then hopefully they’ll have built a fair bit of goodwill through results/infrastructure or it might get ugly
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Re: US-based consortium close to £18m takeover

Post by Max B Gold »

Long slender neck wrote: Fri Mar 28, 2025 9:42 am We might need an emigration to Oz thread.
I'm not going and you can't make me.
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Re: US-based consortium close to £18m takeover

Post by Dunners »

Qin wrote: Fri Mar 28, 2025 9:38 am To get back on topic, im a little worried by this. Nigel has been a safe pair of hands for us, and despite due diligence, you never quite know what will happen. A fear of the unknown i suppose.
It might end up with us playing second fiddle to an American sports team.
Also what will the pitch look like in Feburary? etc
An American sports team participating in a tin-pot, 16-team, pan-European league. I'd be very worried if Orient's future was dependant on the success of a side hustle.
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Re: US-based consortium close to £18m takeover

Post by Hoover Attack »

Qin wrote: Fri Mar 28, 2025 9:38 am To get back on topic, im a little worried by this. Nigel has been a safe pair of hands for us, and despite due diligence, you never quite know what will happen. A fear of the unknown i suppose.
It might end up with us playing second fiddle to an American sports team.
Also what will the pitch look like in Feburary? etc
The Due Diligence being carried out is by them on the club.

We will have made sure they have the relevant funds in place. Beyond that, of course some basic questions will have been asked about their intentions, but come on, £20m makes a lot of those tricky questions go away.
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Re: US-based consortium close to £18m takeover

Post by Celtient »

Max B Gold wrote: Fri Mar 28, 2025 9:52 am
Long slender neck wrote: Fri Mar 28, 2025 9:42 am We might need an emigration to Oz thread.
I'm not going and you can't make me.
Is the £10 scheme still running? Thinking of becoming an Outback Trucker
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Re: US-based consortium close to £18m takeover

Post by OyinbO »

Qin wrote: Fri Mar 28, 2025 9:38 am To get back on topic, im a little worried by this. Nigel has been a safe pair of hands for us, and despite due diligence, you never quite know what will happen. A fear of the unknown i suppose.
It might end up with us playing second fiddle to an American sports team.
Also what will the pitch look like in Feburary? etc
The bigger risk is that the American sports thing ends up a massive damp squib and we end up rattling around a plastic stadium back in the fourth tier.
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Re: US-based consortium close to £18m takeover

Post by Lifelongfan »

Sounds great
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Re: US-based consortium close to £18m takeover

Post by Mistadobalina »

I can't imagine they'd expect both teams to play on a grass surface, surely they'd use the system they have at spurs for swapping the pitch out, even if it was pricey.

Think Oyinbos scenario is way more likely, the average gate at this Euro NFL league is less than what we'd get for a Tuesday night game against Burton. Getting us up the leagues will definitely be the bigger prize for the new owners.

I don't really have an issue with sharing a ground if it's done in the right way. Brentford had London Irish in their new stadium for the first couple of years until they didn't need the cash anymore as they were in prem. The key thing would be that the club owns the ground outright on a long term lease and we're not beholden to an outside party like we are at the moment.
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Re: US-based consortium close to £18m takeover

Post by HackneyO »

Hoover Attack wrote: Fri Mar 28, 2025 10:01 am
Qin wrote: Fri Mar 28, 2025 9:38 am To get back on topic, im a little worried by this. Nigel has been a safe pair of hands for us, and despite due diligence, you never quite know what will happen. A fear of the unknown i suppose.
It might end up with us playing second fiddle to an American sports team.
Also what will the pitch look like in Feburary? etc
The Due Diligence being carried out is by them on the club.

We will have made sure they have the relevant funds in place. Beyond that, of course some basic questions will have been asked about their intentions, but come on, £20m makes a lot of those tricky questions go away.
The only slight protection is that it’s not a 100% takeover. 70% gives them control but they will have some restrictions placed on their ability to go completely MAGA.
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Re: US-based consortium close to £18m takeover

Post by Mistadobalina »

Hoover already inflating the figure to make it sound like a cash grab :lol: .

£18m for a lower league club with no assets and clocking up 3m a year in losses feels crackers. Football really is a massive bubble waiting to burst.
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Re: US-based consortium close to £18m takeover

Post by Hoover Attack »

HackneyO wrote: Fri Mar 28, 2025 10:33 am
Hoover Attack wrote: Fri Mar 28, 2025 10:01 am
Qin wrote: Fri Mar 28, 2025 9:38 am To get back on topic, im a little worried by this. Nigel has been a safe pair of hands for us, and despite due diligence, you never quite know what will happen. A fear of the unknown i suppose.
It might end up with us playing second fiddle to an American sports team.
Also what will the pitch look like in Feburary? etc
The Due Diligence being carried out is by them on the club.

We will have made sure they have the relevant funds in place. Beyond that, of course some basic questions will have been asked about their intentions, but come on, £20m makes a lot of those tricky questions go away.
The only slight protection is that it’s not a 100% takeover. 70% gives them control but they will have some restrictions placed on their ability to go completely MAGA.
Not at all - the minority interests will have a minority say. Who is holding the 30% anyway?
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Re: US-based consortium close to £18m takeover

Post by HackneyO »

Hoover Attack wrote: Fri Mar 28, 2025 10:37 am
HackneyO wrote: Fri Mar 28, 2025 10:33 am
Hoover Attack wrote: Fri Mar 28, 2025 10:01 am

The Due Diligence being carried out is by them on the club.

We will have made sure they have the relevant funds in place. Beyond that, of course some basic questions will have been asked about their intentions, but come on, £20m makes a lot of those tricky questions go away.
The only slight protection is that it’s not a 100% takeover. 70% gives them control but they will have some restrictions placed on their ability to go completely MAGA.
Not at all - the minority interests will have a minority say. Who is holding the 30% anyway?
Minority shareholders can be a pain in the arse through requiring things to be done by the book etc.


I’d guess it will be Travis with the 30%.
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Re: US-based consortium close to £18m takeover

Post by Hoover Attack »

Mistadobalina wrote: Fri Mar 28, 2025 10:36 am Hoover already inflating the figure to make it sound like a cash grab :lol: .

£18m for a lower league club with no assets and clocking up 3m a year in losses feels crackers. Football really is a massive bubble waiting to burst.
Come on, £20m is just rounding up.

What do you mean by cash grab?

Anyone who thinks these guys waving £18,000,000 around are going to be interrogated is bonkers.
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Re: US-based consortium close to £18m takeover

Post by Hoover Attack »

HackneyO wrote: Fri Mar 28, 2025 10:40 am
Hoover Attack wrote: Fri Mar 28, 2025 10:37 am
HackneyO wrote: Fri Mar 28, 2025 10:33 am

The only slight protection is that it’s not a 100% takeover. 70% gives them control but they will have some restrictions placed on their ability to go completely MAGA.
Not at all - the minority interests will have a minority say. Who is holding the 30% anyway?
Minority shareholders can be a pain in the arse through requiring things to be done by the book etc.


I’d guess it will be Travis with the 30%.
Reckon it's more likely everyone leaves a bit in, maybe in current ratios, so they can benefit further down the line. Otherwise the current investors will be walking away without a return.
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Re: US-based consortium close to £18m takeover

Post by Token »

Looking forward to our rebranding as The London O’s
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Re: US-based consortium close to £18m takeover

Post by Max B Gold »

Celtient wrote: Fri Mar 28, 2025 10:02 am
Max B Gold wrote: Fri Mar 28, 2025 9:52 am
Long slender neck wrote: Fri Mar 28, 2025 9:42 am We might need an emigration to Oz thread.
I'm not going and you can't make me.
Is the £10 scheme still running? Thinking of becoming an Outback Trucker
I hear it's a tough life as an Outback Trucker ploughing through herds of kangaroos at full throttle.

I was thinking the roos (as they call'em in Oz [as they callit in Oz]) could be put to better use by capturing some big old ones (as they say in the USA) fitting boxing gloves to arms and feet and throwing them into the ring with an MMA champion who would hopefully get a right battering.

It would attract huge crowds in the entertainment starved cities of Oz and the TV rights would be extremely lucrative.

In fact I may take the idea to a well known sports promoter and stadium owner. See what he thinks of the money making potential.
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Re: US-based consortium close to £18m takeover

Post by Hoover Attack »

Token wrote: Fri Mar 28, 2025 10:43 am Looking forward to our rebranding as The London O’s
London Dragons.
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