Not unless they're good locals. We really want exotic sounding foreigners that had trials with Middlesbrough or Huddersfield.
Upwards to the vanguard where the pressure is too high.
Sorry but that is absolute nonsense.
He bought 25% of the club for 2 million, he is a shareholder and is owed precisely Zero by the club ......
I would be happy if buying him out was an option so if Gavin Bazunu was sold or we get a bucket of Euro group stage money we could buy back 25% of the club for the members but that is not an option we have.
No idea where this is coming from
Last edited by sbgawa; 06/12/2021 at 3:08 PM.
I’m not doubting DDs bone fides …. He is what he is ; a successful tycoon and tax exile who was a supporter of CJH and recently came out with a glowing tribute to Sean Fitzpatrick ; what ‘amused’ me at the time of his investment was his effort at persuading the Rovers members that they shouldn’t regard him as an aggressive investor but a benevolent ‘uncle’- that made me laugh and also saddened me that (a) he took all of us to be that naive and (b) turns out he was right about most…. Bottom line is if we don’t pay him back he owns 50% of Rovers and so far not a penny has been paid back… personally I’d like to us start to pay down the debt soon but understand that over lat 18 months that wasn’t possible but I’ll start to worry if we haven’t paid off at €500k by this time next year
As Sbgwa says that is untrue. I've hinted as much above too but it's not for outsiders to have that detail. You have an axe to grind about DD and obviously don't like him but bottom line is he is a 25% shareholder in the club which he bought for €2m approx. Nothing shady or out of the norm about that - as the massive vote in favour showed.
No One Likes Us, We Don't Care
I’ve no axe to grind with DD but won’t apologise for pointing out known facts about him- nor did I in any way infer there was anything shady about the deal; I just pointed out that his reference to being regarded as a benevolent ‘uncle’ was laughable and anyone believing that was a tad naieve.
I was just pointing out we may currently be in very good place financially - however working on the assumption that the intention is to buy back DDSs shares which was the basis on which the DD deal was recommended ( at the agreed price of €2m) rather than allow him keep them ; then we in effect have a €2m loan O/S to him.
I’ll leave it there as this really isn’t for discussion with the general readership
Last edited by Calcio Jack; 06/12/2021 at 3:38 PM.
Sorry but regardless of how many times you say this it isnt true and was 100% not the basis on which DD bought in, go and talk to one of the members club board.
In fact if that was the basis on which he bought in he would really be a not for profit benefactor as he is risking his money and if the club is successful it simply says thanks for buying 25% of the club but now that its worth much more as we have loads of transfer or European money we will buy you out at the old valuation.
Indeed, future direction will be decided by the Rovers membership and their elected reps not on a public forum.
No One Likes Us, We Don't Care
So Rovers membership either dont agree on the terms of the deal or dont understand it. Divided ye fall and all that and all that. Once again its time that will tell whether it was of benefit or risk.
Advice from a Dundalk fan....
CJ doesn't agree or understand. Rest-assured 99% of us are very happily united and well-informed.
No One Likes Us, We Don't Care
I think its "Dont understand" unfortunately but its a pretty simple Share sale unless we all believe he bought in and agreed we could buy him back out later if we hit the Euro bonanza money at the same price but if it all went tits up he loses his money.
I dont know if Calcio is a member but we've had 3 or 4 town halls via zoom over the last 6 months, with on average 200 people at the meetings, id suggest he asks at the next one for clarification.
Simple solution
As Weare rovers said United , well informed and Cough cough League Champions (couldn't resist)
Seems like a massive crisis at Rovers. Where will the breakaway club play? Stradbrook?
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