No smoke without fire: Lerner will sell, if the right offer is made

[Mazrim]

Maz, I bet you a shiny pound coin that the next set of accounts will have shown the debt increasing, not decreasing.

I can't see how that could be. So go on then.

[Mazrim]

By the way Iago. Where were those quotes from?

[teamvillage]

Maz, I bet you a shiny pound coin that the next set of accounts will have shown the debt increasing, not decreasing.

I can't see how that could be. So go on then.

The Next Accounts are to May 2011? So before a lot of the big earners were off the wage book and before we pulled about a £20 million profit on the summer's player trading (but after we spent the Bent money). It strikes me it's the May 2012 accounts that will be the interesting ones.

[Iago]

By the way Iago. Where were those quotes from?

Sport Witness forum. This is the guy apparently



Could be an interesting few weeks.

[Damo70]

He looks like Matt Lucas complete with prosthetics ready to do a spoof football documentary.

[Mazrim]

Maz, I bet you a shiny pound coin that the next set of accounts will have shown the debt increasing, not decreasing.

I can't see how that could be. So go on then.

The Next Accounts are to May 2011? So before a lot of the big earners were off the wage book and before we pulled about a £20 million profit on the summer's player trading (but after we spent the Bent money). It strikes me it's the May 2012 accounts that will be the interesting ones.

Ah, in which case that swindler might have a quid off me.
I was talking of events since the summer which as you say, should be more illuminating.

[Iago]

He looks like Matt Lucas complete with prosthetics ready to do a spoof football documentary.

The picture symbolises the death of the game.

[Brend'Watkins]

He looks like Matt Lucas complete with prosthetics ready to do a spoof football documentary.

The picture symbolises the death of the game.

He looks nothing like Murdoch but she could be Scudamore!

[Risso]

Maz, I bet you a shiny pound coin that the next set of accounts will have shown the debt increasing, not decreasing.

I can't see how that could be. So go on then.

The Next Accounts are to May 2011? So before a lot of the big earners were off the wage book and before we pulled about a £20 million profit on the summer's player trading (but after we spent the Bent money). It strikes me it's the May 2012 accounts that will be the interesting ones.

Ah, in which case that swindler might have a quid off me.
I was talking of events since the summer which as you say, should be more illuminating.

I don't think the May 2012 ones will be any different.  In any case, the accounts always have a few post balance sheet events on them, which usually show when Lerner has increased the share capital or issued more loan notes.  So the May 2011 accounts will give a good indication of the direction the debt is going in.

[Rick_avfc]

Lets hope the Qatari Petroleum consortium decide to come in for us 
Wishful thinking i think.

[Lowendbehold]

    All of this comes from a speculative article in The Daily Mail by Charles  Sale. The article was basically relying on a source being referred to as  'friends' (of Lerner) saying he would accept a good offer if one was made. Who  are the 'friends'? Well if they are that loose tongued, they may not be  regarded by Randy as friends at all.
    As for Charles Sale and the Daily Mail, well just listen to what is being  said about the tabloids and the DM in particular at the Leveson Enquiry. Even  the weather forecasts are suspect. Then there is Charles Sale, he hasn't had a  good thing to say about Randy since the day he took over.  There has been fairly constant sniping.
    So, what’s the story worth?  Well I am  pretty happy in my house and do not intend selling it to anyone, but if someone  made an offer of more than it was worth, I might just sell it.  My friends would probably confirm that, if you  rang them.
   

[Lowendbehold]

Lets hope the Qatari Petroleum consortium decide to come in for us 
Wishful thinking i think.

Plenty of room behind the North Stand for a petrol station!

[RunRickyRun]

The last set of accounts showed Randy is owed £90m in loan notes and around £100m in equity.

We also lost over £40m which I can't see us turning around in one year despite player sales and the wage bill reducing.

Therefore it would take an offer of at least £250m, possibly closer to £300m, for Randy to break even (when factoring in the original purchase price).

At least that sort of figure would put off the asset strippers / pretend billionaires but there's no guarantee that the next owner wont leverage the money borrowed to buy the club against the club itself.

[avfc_1874]

Read the article and knew it would be bollocks as soon as the words 'Daily' and 'Mail' appeared.

[Mazrim]

In fairness the Daily Mail didnt start the rumours. They haven't really said anything except that Randy might be tempted to sell if the right offer came in, which most of us agree would be likely anyway.