Gold and Sullivan ???

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Re: Gold and Sullivan ???

Postby Up the Junction on Wed Sep 27, 2017 3:00 pm

Ozza wrote:So it's now down to the fans to get money in the managers transfer account (that he doesn't actually have control over), disgrace

They tried this on when they attempted to renege on the 20 per cent discount the previous administration (Duxbury) had promised.

You may recall how we were told the £1m cost could potentially cost the club a first team player. A year or two later, an unnamed director walked away with a £1m bonus for securing the OS.
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Re: Gold and Sullivan ???

Postby wildkard on Wed Sep 27, 2017 3:35 pm

Problem is, the ticket exchange doesn't make a single penny for the club, so Gold is talking complete rubbish anyway. And he's not even doing it to make himself some pocket money.
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Re: Gold and Sullivan ???

Postby chalks on Wed Sep 27, 2017 3:40 pm

wildkard wrote:Problem is, the ticket exchange doesn't make a single penny for the club, so Gold is talking complete rubbish anyway. And he's not even doing it to make himself some pocket money.


That **** does nothing for anyone unless its to his benefit. He will be mortified when he finds out he doesnt gain from it
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Re: Gold and Sullivan ???

Postby pbenjy on Wed Sep 27, 2017 3:42 pm

[quote="Marky"]Gold has just tweeted recommending his son in law for mortgage advice.
Those clowns are breaking me. Clueless market traders.[/quote
134 comments so far. None of them complimentary
https://twitter.com/davidgold/status/912750220181741568
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Re: Gold and Sullivan ???

Postby Fishdo on Wed Sep 27, 2017 3:59 pm

wildkard wrote:Problem is, the ticket exchange doesn't make a single penny for the club, so Gold is talking complete rubbish anyway. And he's not even doing it to make himself some pocket money.


Bang on mate...

His responses and those of the other 2 always end up pointing back at some other person or group whether it's a mistake error etc or if they are just looking to remove themselves from the discussion... their first reaction to anything negative or sounding critical is to shift it away from them... even when they have no idea what they are talking about..

So basically the ticket exchange allows the club to add to the transfer fund although the club makes no money from running it...

What's more it's up to the supporters to use it so they can show their support of Slav through giving him more of nothing to spend on players....

Or maybe just maybe without realising he admitted the club do make money from it though they don't declare it to us or any one else...

No matter how you look at it .... no problem, mistake or issue is down to them even when they don't understand the question or know the answer...
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Re: Gold and Sullivan ???

Postby Bamber Gascoigne on Wed Sep 27, 2017 6:25 pm

Marky wrote:Gold has just tweeted recommending his son in law for mortgage advice.
Those clowns are breaking me. Clueless market traders.

pbenjy wrote:134 comments so far. None of them complimentary
https://twitter.com/davidgold/status/912750220181741568


Love this response "You recommending someone to give advice on home ownership is like Oscar Pistorius recommending a cobbler" :lol:
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Re: Gold and Sullivan ???

Postby Wembley1966 on Fri Sep 29, 2017 12:30 pm

Is this appointment the rumoured American who is buying up the 10% of the Club's shares formerly owned by Straumur.:

Image

Robert Daniel Svanstrom from Straumur resigned as director the same day

https://beta.companieshouse.gov.uk/company/00066516/filing-history
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Re: Gold and Sullivan ???

Postby wizzo_66 on Fri Sep 29, 2017 12:40 pm

wildkard wrote:Problem is, the ticket exchange doesn't make a single penny for the club, so Gold is talking complete rubbish anyway. And he's not even doing it to make himself some pocket money.


Yes it does. Let me give you an example. A band 3 season ticket costs £600. That works out at £31 per game.

The club gives back a pro-rata amount (reflecting games bandings) to season ticket holders who sell their set for any given game. That can range from £8 to £25 ish pound.

They then sell the seat again at face value - anywhere between £40 and £80...chuck in booking fees along the way at every stage and also that ticket exchange is being used by so many people due to the increased uncommitted season ticket holders, the function is a tidy earner for them.
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Re: Gold and Sullivan ???

Postby Mega Ron on Fri Sep 29, 2017 12:50 pm

Wembley1966 wrote:Is this appointment the rumoured American who is buying up the 10% of the Club's shares formerly owned by Straumur.:

Robert Daniel Svanstrom from Straumur resigned as director the same day

https://beta.companieshouse.gov.uk/company/00066516/filing-history


Could Woody Johnson (the Jets owner) be taking on a project while on vacation as the Amabassor to the UK?
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Re: Gold and Sullivan ???

Postby hammernsickle on Fri Sep 29, 2017 12:57 pm

Wembley1966 wrote:Is this appointment the rumoured American who is buying up the 10% of the Club's shares formerly owned by Straumur.


If this is correct, then a quick search shows that J. Albert Smith is the managing partner at GSO Capital Partners, a part of The Blackstone Group, the largest alternative investment firm in the world.

Interesting. Could just be buying up cheap investments from a defaulted Icelandic enterprise. Could be a toehold into the wealthiest sports league in the world.
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Re: Gold and Sullivan ???

Postby Wembley1966 on Fri Sep 29, 2017 1:00 pm

GSO Capital do specialise in 'Distressed Investments'!
https://en.wikipedia.org/wiki/GSO_Capital_Partners

and lenders of Last Resort:
http://www.institutionalinvestor.com/Article/3217048/Blackstone-Groups-GSO-Capital-Lenders-of-Last-Resort.html#.Wc42V7J97IU
GSO have become a key source of capital for non-investment grade companies struggling to get financing
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Re: Gold and Sullivan ???

Postby sanchoz on Fri Sep 29, 2017 1:33 pm

Wembley1966: I could not see on companies house website who was behind the latest loan to the club, this time secured against the tenancy agreement and land the football club own. Is it GSO who have provided the loan or is it another organisation/lender?
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Re: Gold and Sullivan ???

Postby SammyTheHammer on Fri Sep 29, 2017 1:35 pm

Blackstone is a huge firm that raises large private equity funds every few years. Couldn't see them wanting to take a controlling stake in WHU.... They are a behemoth in the private equity world and a massive player in the global real estate market. Largest owner of single-family homes in the US.
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Re: Gold and Sullivan ???

Postby badabing on Fri Sep 29, 2017 1:46 pm

Could Woody Johnson (the Jets owner) be taking on a project while on vacation as the Amabassor to the UK?[/quote]

More chance of Woody from Toy Story joining our clowns
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Re: Gold and Sullivan ???

Postby claretandblue82 on Fri Sep 29, 2017 1:58 pm

badabing wrote:More chance of Woody from Toy Story joining our clowns


There would be a Buzz around the place after announcing to the fans that 'You have a friend in me!'.

Unfortunately we have Sid running the club at the moment.
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Re: Gold and Sullivan ???

Postby YorksHammer on Fri Sep 29, 2017 2:17 pm

Sid's far to ruthless for that comparison to stand up. We've got Al McWhiggin.
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Re: Gold and Sullivan ???

Postby Wembley1966 on Fri Sep 29, 2017 2:33 pm

sanchoz wrote:Wembley1966: I could not see on companies house website who was behind the latest loan to the club, this time secured against the tenancy agreement and land the football club own. Is it GSO who have provided the loan or is it another organisation/lender?

The usual lenders, Rights and Media Funding Ltd.
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Re: Gold and Sullivan ???

Postby Mean Ashton on Fri Sep 29, 2017 2:49 pm

Interesting turn of events this..... I wonder how much 10% is worth??
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Re: Gold and Sullivan ???

Postby PF. on Fri Sep 29, 2017 2:55 pm

SammyTheHammer wrote:Blackstone is a huge firm that raises large private equity funds every few years. Couldn't see them wanting to take a controlling stake in WHU.... They are a behemoth in the private equity world and a massive player in the global real estate market. Largest owner of single-family homes in the US.


Also probably with the worst reputation within that circle. They still behave like it's 1989. Match made in heaven!
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Re: Gold and Sullivan ???

Postby wildkard on Fri Sep 29, 2017 2:57 pm

wizzo_66 wrote:Yes it does. Let me give you an example. A band 3 season ticket costs £600. That works out at £31 per game.

The club gives back a pro-rata amount (reflecting games bandings) to season ticket holders who sell their set for any given game. That can range from £8 to £25 ish pound.

They then sell the seat again at face value - anywhere between £40 and £80...chuck in booking fees along the way at every stage and also that ticket exchange is being used by so many people due to the increased uncommitted season ticket holders, the function is a tidy earner for them.


Good point. Nowhere near the bloke who complained that "the club get 80%" though.
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