Monday, 20 July 2009
Bad News On The Take Over Front
Rumours now that a take over may be in the offing if the little matter of valuation can be resolved. Apparently there is only £50m between the valuations of buyer and seller or, looked at another way, the Thai bidders think we are worth just over half what Straumer want for the club.
The question is, do we want this deal to be done? On the plus side, it might guarantee that we survive and may allow us to buy players again but, to counter this, Pairoj Piempongsant is involved in brokering the deal and Shinawatra appears to be hovering around in the background. We made a very serious mistake when we got in bed with Ikea and then when we welcomed ex convict Bjorgolfur Gudmundsson as chairman. Can we really afford to risk becoming a Thai take away?
The sad thing is, we will not have a say in this. Not you or me as fans, not Duxbury, not Zola, nobody with any feeling for the club whatsoever. We are an asset, pure and simple, and CB Holdings will sell us to the highest bidder without a thought for what is good for the short, medium or long term future of the club. That is the desperate, depressing truth. Anybody who has been to Bangkok will know that morality doesn't intrude upon commercial transactions in Thailand. Who knows, Tony Carr may be replaced by Gary Glitter in due course!
So, let's watch and wait, that's all we can do in the circumstances. Unless you want your say on here of course!
Posted by Hammersfan at 13:29