Why We Need to Change

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If Llambias and Leach were still in place and pursuing …

Comment on Why We Need to Change by y4rmy.

If Llambias and Leach were still in place and pursuing the kinds of targets we currently see they would be getting slaughtered in the press and by the fan groups. You wouldn’t get through a day without a statement. The doublethink truly is remarkable.

y4rmy Also Commented

Why We Need to Change

Allyjambo; sorry to rain on your parade, but “King of Wishful Thinking” was by that great scouse band China Crisis.

The China Crisis song is just called ‘Wishful Thinking’. ‘King of Wishful Thinking’ by Go West is a different (and inferior) song.


Why We Need to Change

Not when they are paying guys 50 bucks a week. They have their place in the pecking order and in their communities.

But not at the thick end.

This appears to be the same argument employed by the wealthy and ennobled of the 19th Century that only the wealthy and ennobled should run the country.
😕

The key, I think, is not to be annoyed by this nonsense, but instead to enjoy the daily dose of laughable old squit that passes for sports journalism in the SMSM.


Why We Need to Change

Apologies if this has been covered before, but now that King is getting criticised in the DR Hotline for not splashing the cash, it made we wonder again about his financing plans.

When he supposedly bought the RIFC stake, it was initially announced it was via “New Oasis Investments Ltd”, which was wholly owned by King’s ‘family trust’.
This was later corrected via a Stock Exchange statement to “New Oasis Asset Limited”.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12223247.html

However, I can’t find this company on Duedil.
Does anyone know where it was incorporated ?
[I searched various permutations of company name, and David C King. and DK and Google doesn’t help.]

Also, King has typically been vague about his plans: he has given big ideas to the SMSM :slamb: like ‘overinvestment’, GBP30M/20M etc needed, matching investments and so on.

But when he ‘bought’ the shares it was also reported that they had been bought via his family trust. Why did he provide that level of detail ? If he had just said he bought the shares himself, then the SMSM would have accepted that as they still believed he had massive wealth.

And in my very limited knowledge of Trusts, if King funded his family trust, and for that trust to be operated correctly and to be tax efficient – then King cannot benefit from the Trust, and he cannot manage/direct the outflow of trust fund monies either.
King doesn’t like payng tax, so I presume this family trust is operated correctly.
[And unlike the Rangers EBT. ? ]

And why would King publicly indicate that his family’s funds would be used to pour into the black hole of a loss-making business ? I doubt a responsible trustee would be keen to ‘invest’ trust monies in such a risky business either.

Strange.

[This may have been discussed in the distant past here, but I can’t remember, so appreciate any inputs.]

The redoubtable John James has maintained that Park lent King the money to buy his shares hence the odd company switch. Why Park would do such a thing I can’t begin to imagine, so take with a shovel of salt.


Recent Comments by y4rmy

LNS – A Summary
You’ll find no sympathy for Bolton among the other members of the football league, particularly their odious CEO Phil Gartside. This is a man who wanted a sealed two tier premiership with entry to it based on some vague notion of “size and finance threshold”. I wonder if he stills wants to apply the same criteria?
Bolton are the epitome of how you shouldn’t run a football club, proceeding unsustainably with colossal losses year after year funded by the largesse of a single individual who has now turned off the tap.

Phil Gartside’s Plan To Shaft English Football – Part 3


LNS – A Summary
This judge is amazing entertainment. Refreshingly, there’s virtually no abstruse impenetrable legalese, and he genuinely seems aware of the world outside the courtroom.  The poor old counsels are almost having to earn their money.


LNS – A Summary
Would be quite funny if Dave King was charged with contempt of court for prematurely celebrating the dismissal of his contempt of court case. 03


LNS – A Summary
As much distaste as I have for Dave King, I confess that I’m still puzzled as to what was revealed of any importance in the anodyne interview with Jim White, and it sounds like the judge thinks that too. The suspicion is that MA simply wants to attack King on every front possible.
Still, I believe King’s affidavit is an amazing own goal: He just can’t stop himself lying. It would have been far more plausible to claim he’d merely misunderstood the terms of the agreement and it was an, ahem, honest mistake. There is clearly a great deal more he could have revealed about the retail agreement.


LNS – A Summary
I’m generally not that interested in stories about which manager is going where, but this quote caught me eye:

http://www.bbc.co.uk/sport/0/football/34980312#

And, on Twitter on Wednesday evening, the manager said he was “bemused and frustrated by shockingly incorrect stories from certain media outlets“.

Join the club!  19 

(or is that company?)


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