Bernstein and King Resign from the Board

[chrisf]

Lerner has been in two minds about selling the club for, what is it? Four years now?

There is a credible buyer in contact but Lerner is still trying to hedge his bets. He'll sell 'at the right price' but he's got this restructuring going on anyway which he's using to strengthen his hand with the buyer.

King and Bernstein tell him that if he's serious about the restructuring, he has to e.g. employ Moyes now otherwise he's going to Celtic. Lerner looks in his wallet and his bluff is called.

King and Bernstein see the whole restructuring business was a bluff and walk away thereby forcing Lerner into the sale.

How does them walking away force Lerner into a sale? He will sell when he wants to, period.

True. But if true their resignation certainly removes the rebuilding charade allowing the longest possible time for someone else to show interest. Better they act now I suppose than just before the start of next season.

Agree. While the restructuring was going on he thought he had options and more importantly could tell potential buyers that he had options. We all bought it didn't we? That's gone now.

[shipscat]

If there is an imminent sale,or rather one that's going to take place over the next 2/3 months,why wouldn't Lerner agree to certain trades being met?

Surely in the scheme of things,a new manager with a short term focus is what any sane custodian would do.It appears increasingly that he's having certain financial restrictions,allied to the Lerner Trust simply having enough of bankrolling his mistakes.I imagine King and Bernstein would've very much wanted the opportunity to persuade the trust of the methods and hard nose we need to display.No dithering,sell and cut these huge losses or deal the pack again.Instead he's no doubt procrastinating in the sunshine.

He could even start the firesale,and give the footballing board the opportunity to manoeuvre.Hell, we could raise somewhere approaching 20 million by starting the process of moving on Ayew,Gueye and Richards.Whoever is running the place come June is likely to have seen those depart.

It'd all be offset on the sale and what he'd get back,and it could be presented as a reasonable action,just like we are seeing with the stands,job losses etc to any potential suitor.

Or is it a cheap as chips offer,with certain assets left for Lerner to minimise his losses.I could understand this stance to a degree,especially if he has made another very recent loan to the club.However it'd be another nail in the coffin for an instant return.

Ultimately,whatever the reasoning behind it,they could see another six months of dithering,180 degree turns and the failure to take the hard nose decisions we need.Even if it means Mommy is going to be very angry with the whole shebang.

[old man villa fan]

Lerner has been in two minds about selling the club for, what is it? Four years now?

There is a credible buyer in contact but Lerner is still trying to hedge his bets. He'll sell 'at the right price' but he's got this restructuring going on anyway which he's using to strengthen his hand with the buyer.

King and Bernstein tell him that if he's serious about the restructuring, he has to e.g. employ Moyes now otherwise he's going to Celtic. Lerner looks in his wallet and his bluff is called.

King and Bernstein see the whole restructuring business was a bluff and walk away thereby forcing Lerner into the sale.

How does them walking away force Lerner into a sale? He will sell when he wants to, period.

True. But if true their resignation certainly removes the rebuilding charade allowing the longest possible time for someone else to show interest. Better they act now I suppose than just before the start of next season.

Agree. While the restructuring was going on he thought he had options and more importantly could tell potential buyers that he had options. We all bought it didn't we? That's gone now.

You can only continue with a charade until you have to put up.  It sounds as though the recommendation stage had finished and it was time to act on the recommendations.  This is when it fell apart.

[chrisf]

You can only continue with a charade until you have to put up.  It sounds as though the recommendation stage had finished and it was time to act on the recommendations.  This is when it fell apart.

It's still amazing though that he's that much of a div that he didn't see this coming.

[not3bad]

You can only continue with a charade until you have to put up.  It sounds as though the recommendation stage had finished and it was time to act on the recommendations.  This is when it fell apart.

It's still amazing though that he's that much of a div that he didn't see this coming.

He really didn't see it coming. Actually, now he thinks about it, maybe he did.

[Monty]

On a separate and on a rather juvenile note I keep wanting to say Stadler and Waldorf instead of Bernstein and King.

I was thinking Rosenkrantz and Guildenstern, but yours is much better.

You both are rather  upper class for this forum.

Yeah I'm fed up with all these pretentious references to The Muppets, and whatever it is Monty is referring to this time.

To be honest, who the hell knows. All this chaos at the club has made me lose my mind.

[CJ]

Heard a whisper today that Bevington will be off this week too

[ChicagoLion]

I do not think this is difficult to work out when you read all of the Quotes and ignore the conjecture.
K&B positions became untenable, this means that they were not in a position to take the required decisions.
There is obviously a sale negotiation continuing and King  made it clear that this needs to happen because the existing governance of the club doesn't work.
I dread to think the mess we will be left with if the buyer pulls out.

[avfcpg]

I dread to think the mess we will be left with if the buyer pulls out.

I'm checking ebay to see if the fool has put us up for sale on there..

[AVH87]

I do not think this is difficult to work out when you read all of the Quotes and ignore the conjecture.
K&B positions became untenable, this means that they were not in a position to take the required decisions.
There is obviously a sale negotiation continuing and King  made it clear that this needs to happen because the existing governance of the club doesn't work.
I dread to think the mess we will be left with if the buyer pulls out.

Also a word of caution if they don't, and we do have new owners before next season, there are plenty of Venkys/Carson Yeungs about. Just because we've got a dreadful owner at the moment, doesn't mean the next guy won't be dreadful too, especially given the fact Lerner's the clown selling.

[Jimbo]

I do not think this is difficult to work out when you read all of the Quotes and ignore the conjecture.
K&B positions became untenable, this means that they were not in a position to take the required decisions.
There is obviously a sale negotiation continuing and King  made it clear that this needs to happen because the existing governance of the club doesn't work.
I dread to think the mess we will be left with if the buyer pulls out.

Also a word of caution if they don't, and we do have new owners before next season, there are plenty of Venkys/Carson Yeungs about. Just because we've got a dreadful owner at the moment, doesn't mean the next guy won't be dreadful too, especially given the fact Lerner's the clown selling.

True. Our previous owner was dreadful also, so perhaps we'll be third time lucky?

[AVH87]

I do not think this is difficult to work out when you read all of the Quotes and ignore the conjecture.
K&B positions became untenable, this means that they were not in a position to take the required decisions.
There is obviously a sale negotiation continuing and King  made it clear that this needs to happen because the existing governance of the club doesn't work.
I dread to think the mess we will be left with if the buyer pulls out.

Also a word of caution if they don't, and we do have new owners before next season, there are plenty of Venkys/Carson Yeungs about. Just because we've got a dreadful owner at the moment, doesn't mean the next guy won't be dreadful too, especially given the fact Lerner's the clown selling.

True. Our previous owner was dreadful also, so perhaps we'll be third time lucky?

Let's hope. Although my memories of Doug aren't of him being 'dreadful', just lacking ambition and penny pinching at times. Must add though I wasn't around for the relegation in 87.

[Jimbo]

Take my word for it.

[AVH87]

Take my word for it.

Fair enough. Unless Lerner gets us back up next season though he will have to rank as far, far worse, although for me he does already after making us the 3rd worst team in Prem history.

[sirlordbaltimore]

We wont be sold this summer or next. It's the same old bollocks trotted out every year to deflect from the latest disaster