Friday, 18 December 2009

C&B Holdings Preferable To Gold & Sullivan


(Submitted by reader)

We're football fans and we shouldn't be arguing over who owns West Ham so what's the panic for a new owner all about? What's the worst that could happen if Claret & Blue Holdings (Straumur) turn down Gold & Sullivan's reported offer? The only downside to me is that we don't get to spend in January but, is that all we care about?

G&S's offer is according to the press, somewhere between £46m and £50m but Claret & Blue Holdings only get c£20m of it. The rest will arrive as LOANS to pay off creditors of £18m with £8m for new players. That means at some time, the club will have to pay back those loans to G&S with interest, on top of our other debts! I'm sure they will be looking to claw back the £20m paid to C&BH as well.....

Take a close look at G&S's record at Birmingham because that's what they did there. They bought the club with £750k of debts for £1. They then floated on the stock market to sell shares to raise them £15m! They were hated by the fans who invaded the pitch in 2007/8 season because G&S consistently sold their best players, mainly signed freebies, never spent more than £6m on any player and got relegated 3 times! Sure the club was financially secure because it cared more about making money than it did the team out on the park. And all you that thought Curbs didn't play the West Ham way, just think what it will be like with Alex McLeish at the helm! Birmingham fans regularly chant 4-4-2 for a good reason!

If you think Scott Duxbury is a devious, manipulating, liar just wait for a few lessons from the Karen Brady school of management which made mushrooms of the Birmingham fans. Kept in they dark with manure piled on top....

So if you're a Hammer that is desperate for C&BH to give control to G&S, ask yourselves what we give up if they don't. In reality - NOTHING - except a possible £8m of potential new players in January! Whoop-de fecking-whoo. Hands up all those that really think that will make the slightest difference with Nani and Zola making the decisions on who we'd be signing?

Julian Dicks said after his Grays team lost to our reserves yesterday -
"It's a situation that I've been in before, but what worries me about this current team is that I don't know whether they've got enough fight in the team.You can talk about the problems with finance, the club's future and everything like that, but at the moment that doesn't mean anything if the players on the pitch haven't got the stomach for it."

"Straight-talking Dicks, now in charge of non-league Grays, also expressed his dismay at the squad which Zola has assembled at Upton Park. Dicks says the players brought in under Zola and his director of football Gianluca Nani are not good enough and most have not lived up to expectations."

Well, hear hear Julian Dicks! Well said that man.

It is far more important to our survival to stop Zola and Nani bringing in “fancy Dans” than it is to get rid of C&BH. Bernhardt and his cronies are not my favourite owners but, they have only owned us for 6 months and nothing they've said has been a lie. In that short time they've backed Duxbury, Zola and Nani because they appeared to be pulling the club around after BG's disasters. They clearly now realise that this business plan is falling apart where it showed considerable promise when they arrived in June 2009.

4 comments:

Stani Army said...

Decent argument. I'm still a bit wary about Gold and Sullivan and their aggressive approach and obvious use of the media, especially tabloids, to their advantage. Maybe that in itself is enough not to support their bid.

I have great respect for Julian Dicks but when we were doing poor under Curbishley, he said that Curbihley is "the right man for the job" and blamed poor results on the players. Now that we have poor results under Zola, it's dismay at the squad Zola has assembled when we're still in fact suffering from Curbishley's purchases e.g Dyer.

Savvakis said...

West Ham, and surely the fans, deserve to have a buyer with deep pockets and a very long term Business Plan as far as making a return on their investment moneys is concerned. I agree with you that the Davids and their track record do not fit this agenda. I have therefore strong reservations about their intentions because I very well remember the days of Terry Brown and the other "vampires" (including David) when the only that mattered was how to use the club to make a quick buck. This is why the one football club in England that generated perhaps the greatest players never managed to put a team together to challenge for anything (other than the occassional Cup success).

I also have my reservations on how the money will be spent IF it becomes available because up to now every penny has been wasted on players that are either average at best or if they are any good (e.g. Da Costa) Zola and Co. will not recognise that and they will not give them the time to develop and gel in the team.

I am still hoping, but what is disheartening is that I notice a lack of commitment and a defeatist attitude developing in our players. Scott Parker is in a totally different class and a natural leader that we must keep at all costs. The younger players should try and immitate his example. His intensity and commitment is unparalleled! It would be a fatal mistake to sell him; a lot worse than selling James Collins. We must also get Fred Sears back in January (if we can).

Essexhammer said...

You make a lot of assumptions HF,GOLD&SULLIVAN haven't actually laid out their plans in any great detail .From what I've read they were willing to pump in £20-30 million of funds in the January window,if their offer was accepted by STRAUMER.I thought that would have provided the necessary money to invest in 2 or 3 big signings that ZOLA so desperately needs.As far as his record of transfers is concerned ,it's not great,but be fair ,he is hardly working at the high end of the market,with the cash he has been given.I still think given decent funding,and ownership stability ,he can succeed.DIAMANTI and JIMENEZ were purchased ,if you remember for a specific purpose,to fit into his 4-3-3 system.These two playing behind COLE.But the quality wasn't there tp play that role effectively.So then he had to jiggle things around,to make do with what he had.But buying players at the budget end of the market is always a risk,which ZOLA has found out to his cost.But with decent funding ,that problem wouldn't exist,because he could afford better quality players who could play his system.

Deane said...

Well said that man the only person that could possibly worse for West Ham than the 2Davids is Terry Brown