Spurs owner shows interest in Mariners

[cbowden9000]

I was in the tunnel after the game and did see the 3 investors with Turnbull so at least we know something is trying to be done...

 

[scottmac]

I think the sticking point in all these invetment talks may be Turnballs desire to remain in charge. Its hard to get someone to fork out major cash for you to play with.

 

[midfielder]

Absolutely. Until that signature is on the paper it don't mean jack. Does anyone know why we have failed to land any of these investors?

My guess is because the team CCM & the COE, are two seperate vehicles, with I assume different ownership percentages... whereas most investments in a sporting team loose money, the COE will make money and already has a lot of community and government funding ... the 10 million from the commonwealth, and early on it was suggested that Wyong council gave 10 acres of land and what the RSL gave or did not give...

If anyone knows how the COE has been put together please post as I would love to know...

As a buyer coming in to an organistation in trouble with a excellent asset .... seems to me what happens to the COE ... is the sticking point....

 

[Atomic]

I was in the tunnel after the game and did see the 3 investors with Turnbull so at least we know something is trying to be done...

http://m.smh.com.au/sport/a-league/eastern-promise-mariners-closing-in-on-deal-with-mystery-european-investor-20111114-1nfjj.html

 

[FFC Mariner]

Absolutely. Until that signature is on the paper it don't mean jack. Does anyone know why we have failed to land any of these investors?

As a cynical bastard I would suggest waiting until the club go broke and pick it up for nothing but thats just coz I'm an arsehole

 

[Muppet]

I think the sticking point in all these invetment talks may be Turnballs desire to remain in charge. Its hard to get someone to fork out major cash for you to play with.

and perhaps the fact that the COE is a major asset which as a developer Turnball does not want to lose. The question is can he sustain his position if he has any until such time as it is pulling in the cash. I would like to think so but I can't see it happening. what is the timeframe for completion and will they be receiving revenue from the Soccer5's set up?

 

[Jerem]

what ever happened to the russians?

 

[pjennings]

Due diligence has been done. A deal, if it is to be done, is expected mid to late this month.

 

[Redshirt]

We can expect an article on the 15th to read something like "a deal is close, it's looking positive, we'll have a response within the next few days" and then wait for the next update in February