How Far We Have Fallen

[Sutherland Arab]

Why would we need a multi millionaire to come in?

Thompson is not investing any of his own money, any business deals are done through club collateral and soft loans.
He is meant to be balancing the books and doing a great job of getting us into administration.
Obviously don't want any Joe Bloggs taking over without a business strategy but doubt anyone could do worse than that leech.

[utd4me]

although figures are only hearsay, has he not valued the thompson 51% at £4m. if so that values the club if someone wants tha whole lot as nearly £8m plus the debt which may be around £2m. that is a £10m investment before you spend on the team. needs someone with serious dough if my figures are there or thereabouts. as said only hearsay number/value on what he wants for thompson family shares.

[pertharab]

although figures are only hearsay, has he not valued the thompson 51% at £4m. if so that values the club if someone wants tha whole lot as nearly £8m plus the debt which may be around £2m. that is a £10m investment before you spend on the team. needs someone with serious dough if my figures are there or thereabouts. as said only hearsay number/value on what he wants for thompson family shares.

Unless Thompson does the honourable thing and passes over his shares for a nominal sum to a party who has sufficient funds to take the club forward without the need to 'waste' monies buying the club. Given the mess Thompson has made of things it would be the least he could do.

[SmedDUm]

Howsabout we get 10,000 diehard arabs to each donate £1,000 to raise the £10 million needed?
Then appoint a CEO.
And that's maybe where the trouble would start.

[PortugueseFrank]

There is no way he values his shares at that figure.

I think that £4m comes from the total number of shares multiplied by the 30 odd quid that the shares can be bought for.

And to some extent has been used as a stick to beat ST with. “Oh he wants £4mil! Etc etc” making out he’s holding the club to random.

Plus he would never ever get in a million years even if he owned the whole club shares anyway.

The club in its current state (just my guesstimating) is worth about £1.5m to £2m tops.

Simply based on the assets (stadium, GA etc) and 100% of shares.

A more realistic deal to buy ST’s shares would be the offer of some up front cash (say £500k) and then a decreasing cut of future transfer income much like the debt deal with the bank until £1m-1.5m total was met.

You don’t need a white knight with millions. You just need a businessperson with some cash, access to funds for debt (which will be needed no matter who is in charge while the ship is righted), some imagination and the desire to do more than just spout in the boozers about how they’d be up for taking on United.

To any pretenders to the White Knight monicker: Action speaks louder than words.

Now I know folk will say: “**** ST, he doesn’t deserve a penny.” And they’d be right. But he holds the keys to the door, and I’m certain he will only sell when he gets some cash.

We have to accept that reality. No one will pick this club up for £1 unless it’s admin, and even then they’d be picking up a club that will likely have lost the GA and Tannadice due to defaulting loans.

And in an admin event I’m certain ST would try to hang like Boyle successfully did at Motherwell.

It’s time to get serious. And that means the fan groups and the supposed White Knights.

My prediction: we’ll have ST at the helm for a long time.

[the_arab]

The more recent problems with ST (since he sold off our all our best players) has not been in backing the manager, it is his terrible managerial appointments.

He has gone with the cheap options the last twice, given a decent enough budget to survive (Mixu) then a more than decent enough budget to get promoted (McKinnon). You could probably treble the budget given to McKinnon and we would still be horrific, he is without a doubt the worst manager I have seen in charge of us and to a point where he has completely driven me from going to the games as I will not watch what he puts and sets up on the park.

If ST had went for a good enough manager in the first place the likely hood is those decent managers could have done more with a smaller budget.

To get up we need a good manager and a decent budget, not an absolutely sh1te manager and a good budget like we currently haave

[FTD1983]

The more recent problems with ST (since he sold off our all our best players) has not been in backing the manager, it is his terrible managerial appointments.

He has gone with the cheap options the last twice, given a decent enough budget to survive (Mixu) then a more than decent enough budget to get promoted (McKinnon). You could probably treble the budget given to McKinnon and we would still be horrific, he is without a doubt the worst manager I have seen in charge of us and to a point where he has completely driven me from going to the games as I will not watch what he puts and sets up on the park.

If ST had went for a good enough manager in the first place the likely hood is those decent managers could have done more with a smaller budget.

To get up we need a good manager and a decent budget, not an absolutely sh1te manager and a good budget like we currently haave

McKinnon wasn't "the cheap option"

He'll have come with a compensation fee, and, at the time, a well regarded championship level manager who had experience of this league and had experienced (relative) success at this level.

There's a ****load you can rip ST about but you can't really suggest Ray was a "cheap" option for me. 100% the wrong option with hindsight but most were happy with the appointment at the time...

[SmedDUm]

There is no way he values his shares at that figure.

I think that £4m comes from the total number of shares multiplied by the 30 odd quid that the shares can be bought for.

And to some extent has been used as a stick to beat ST with. “Oh he wants £4mil! Etc etc” making out he’s holding the club to random.

Plus he would never ever get in a million years even if he owned the whole club shares anyway.

The club in its current state (just my guesstimating) is worth about £1.5m to £2m tops.

Simply based on the assets (stadium, GA etc) and 100% of shares.

A more realistic deal to buy ST’s shares would be the offer of some up front cash (say £500k) and then a decreasing cut of future transfer income much like the debt deal with the bank until £1m-1.5m total was met.

You don’t need a white knight with millions. You just need a businessperson with some cash, access to funds for debt (which will be needed no matter who is in charge while the ship is righted), some imagination and the desire to do more than just spout in the boozers about how they’d be up for taking on United.

To any pretenders to the White Knight monicker: Action speaks louder than words.

Now I know folk will say: “**** ST, he doesn’t deserve a penny.” And they’d be right. But he holds the keys to the door, and I’m certain he will only sell when he gets some cash.

We have to accept that reality. No one will pick this club up for £1 unless it’s admin, and even then they’d be picking up a club that will likely have lost the GA and Tannadice due to defaulting loans.

And in an admin event I’m certain ST would try to hang like Boyle successfully did at Motherwell.

It’s time to get serious. And that means the fan groups and the supposed White Knights.

My prediction: we’ll have ST at the helm for a long time.

OK, a thousand investors with a grand = a million. Would that get us going? DUSF?

[the_arab]

McKinnon wasn't "the cheap option"

He'll have come with a compensation fee, and, at the time, a well regarded championship level manager who had experience of this league and had experienced (relative) success at this level.

There's a ****load you can rip ST about but you can't really suggest Ray was a "cheap" option for me. 100% the wrong option with hindsight but most were happy with the appointment at the time...

We paid 30k in compensation for him, which is not much, and his wages will be half of what a decent manager would be, maybe not the cheapest option but it was still cheap in comparison to a known better option

[GingerPetric]

Finances aside, most fans were either happy with Ray's appointment or at least willing to give him some time based on his reasonably decent ascent from the juniors through the lower leagues.

However his tenure has by and large produced utterly depressing and abysmal performances, with no sign of imminent improvement.

The even more depressing belief is that we still haven't hit rock bottom.

If/when Ray gets sacked then there will at least be some hope....hope that ST randomly and flukily makes the right appointment.

Or, it gets even worse....