11:40, Mon 22 Feb
I really like that every time he's mentioned in one of your pieces he's "the elusibe Mr King". Like Frank Lampard's Derby County.
11:45, Mon 22 Feb
Everbluesince92
I really like that every time he's mentioned in one of your pieces he's "the elusibe Mr King". Like Frank Lampard's Derby County.

It’s deliberate
12:49, Mon 22 Feb
El Mayor
Nikola Zigic
Just a thought on that last section then, are you saying that as the Chinese government are telling peoplve to divest away from football, we will potentially be sold to ORI- i.e. a Cambodian business.

Does this sale mean we'd come off the stock exchange because BSH would still be able to retain their listing due to other businesses generating enough revenue.

My questions are then:

- Are ORI on the HKSE?
- If they bought Blues, could they get on the HKSE?
- If the above two answers are no, then it could be a positive step that ORI own us as if we do find ourselves in an administration/receivers situation, there wouldn't be a requirement to retain a share listing and we could be sold to anyone, rather than someone who wants to stay on the HKSE?

Cheers

Right

Firstly - I'm going by stuff like this [twitter.com] which has been circulating for some time.

Does this sale mean we'd come off the stock exchange because BSH would still be able to retain their listing due to other businesses generating enough revenue.

Think about it logically. BSH have sold 21.64% of the club, so that's a portion of revenue they are not receiving from it. Meanwhile, they've invested in a fourth segment (the Japanese medical business), so the balance of football revenue vs non football revenue is slowly tipping

All that's understood, I didn't know if there was a formal threshold for turnover to qualify for HKSE and/or divestment that triggers a review by the HKSE who may look deeper into their business and decide that even with what they have remaining means it doesn't quite cut it- I assume they'd want to be sure before selling due to the listing by so intrinsically valuabel to the business

- Are ORI on the HKSE?

No, they're not. They're a BVI Investment vehicle owned by Vong Pech, who is Chinese-Cambodian. However, there are undisputable King connections [almajir.net]

- If they bought Blues, could they get on the HKSE?

Why would they want to? The listing is separated, they don't need it for that.

Well, because they might want to get onto the HKSE to perform their own share issue shenanigans and various other activities that we've lived through over the past few years. Plus, the idea that a HSKE listing has a value of £30-40m to a business. It makes raising capital easier in theory and given that Blues are already on the HKSE indirectly they might be able to use that as leverage to get back on themselves. If they don't want to, great, but I wondered if the benefits of HKSE listing may see us transferred to a company so they can get on it themselves.

- If the above two answers are no, then it could be a positive step that ORI own us as if we do find ourselves in an administration/receivers situation, there wouldn't be a requirement to retain a share listing and we could be sold to anyone, rather than someone who wants to stay on the HKSE?

Yes, if we got bought out by ORI, we could then be put into admin and be bought by anyone. However, take a look at Wigan before wishing for that cos this is EXACTLY what has happened to them.

I wouldn't wish it on us but it does mean that it'd be easier to rescue the club in theory then. I don't really know exactly why the Wigan admin is dragging on this long, so I'm not sure how comparable that is to Blues but I'm sure someone will be able to tell me.

Added my comments in bold. Cheers again.
“Oh Nikola Zigic”
12:51, Mon 22 Feb
They wouldn't need to get ORI onto the HKSE because they would still control BSH, even if it was separated from BCFC...
12:58, Mon 22 Feb
Right, so they would own BCFC separately and then also own BSH on the stock market, got you.
“Oh Nikola Zigic”
13:06, Mon 22 Feb
Oh great! The good news is we could be hived off to a Cambodian businessman who specialises in retail developments....
From Easy Street to Cosy Lane...
13:20, Mon 22 Feb
Wingman Blue
Oh great! The good news is we could be hived off to a Cambodian businessman who specialises in retail developments....
From Easy Street to Cosy Lane...

Don’t think it’s could, I think it’s are
13:22, Mon 22 Feb
Wingman Blue
Oh great! The good news is we could be hived off to a Cambodian businessman who specialises in retail developments....
From Easy Street to Cosy Lane...

Thanks that's easier for me to understand 👍🤣🤣
13:44, Mon 22 Feb
From what I can understand, Chinese chairmen are being told/asked/choosing (pick which one you like) to withdraw from football clubs outside of China. In order for King to do that and remain on the HKSE he is investing in other companies so that BSH can remain on the HKSE without BCFC and the club can eventually be its own entity owned by Vong Pech (King in disguise).

My question is, if the aim is to no longer have the club as part of his portfolio, why is he only selling to himself (assuming Vong is a frontman)? Is it because it is safer than getting an external investor involved or is it because he actually still wants to own the club.

I get the feeling he likes owning a football and doesn't want to sell at all. I'm not saying he wants us to succeed or knows anything about how to do that but I get the feeling he is a person that likes the fact that he can say he owns an English Football Club.
13:47, Mon 22 Feb
El Mayor
Wingman Blue
Oh great! The good news is we could be hived off to a Cambodian businessman who specialises in retail developments....
From Easy Street to Cosy Lane...

Don’t think it’s could, I think it’s are

Feck!!

Suddenly the ‘unsafe ground’ , ‘under-performing team’ and ‘bizarre substitutions’ take on a whole new importance.
14:01, Mon 22 Feb
StechyBlue
I'm not sure how to take this. One minute it suggests the club could eventually be sold as some sort of positive spin, then suggest we'd end up right back in chinese-cambodian hands.

Is this supposed to be a positive piece, or is it a deliberate chip-pisser?

I'll turn 40 before blues are out of chinese hands... mark my words.
I had you down as Atleast 55
Jude Bellingham - "Once a blue, always a blue" “This is my Club, I love the Club to bits. I’d die for this Club”
14:04, Mon 22 Feb
GonzaloFlores
My question is, if the aim is to no longer have the club as part of his portfolio, why is he only selling to himself (assuming Vong is a frontman)? Is it because it is safer than getting an external investor involved or is it because he actually still wants to own the club.

This aim is incorrect.

The aim would be to take it from nominal Chinese / HK hands (and be at the mercy of the Chinese Government), and put it into nominal Cambodian hands.
14:09, Mon 22 Feb
El Mayor
GonzaloFlores
My question is, if the aim is to no longer have the club as part of his portfolio, why is he only selling to himself (assuming Vong is a frontman)? Is it because it is safer than getting an external investor involved or is it because he actually still wants to own the club.

This aim is incorrect.

The aim would be to take it from nominal Chinese / HK hands (and be at the mercy of the Chinese Government), and put it into nominal Cambodian hands.

Do you think my second point is closer to the truth then in that he has no/little interest in selling and still wants to own the club, regardless of it being part of the HKSE listing or not?
14:11, Mon 22 Feb
GonzaloFlores
El Mayor
GonzaloFlores
My question is, if the aim is to no longer have the club as part of his portfolio, why is he only selling to himself (assuming Vong is a frontman)? Is it because it is safer than getting an external investor involved or is it because he actually still wants to own the club.

This aim is incorrect.

The aim would be to take it from nominal Chinese / HK hands (and be at the mercy of the Chinese Government), and put it into nominal Cambodian hands.

Do you think my second point is closer to the truth then in that he has no/little interest in selling and still wants to own the club, regardless of it being part of the HKSE listing or not?

I think he's interested now. How long that remains the case, I dunno.
14:20, Mon 22 Feb
El Mayor
GonzaloFlores
El Mayor
GonzaloFlores
My question is, if the aim is to no longer have the club as part of his portfolio, why is he only selling to himself (assuming Vong is a frontman)? Is it because it is safer than getting an external investor involved or is it because he actually still wants to own the club.

This aim is incorrect.

The aim would be to take it from nominal Chinese / HK hands (and be at the mercy of the Chinese Government), and put it into nominal Cambodian hands.

Do you think my second point is closer to the truth then in that he has no/little interest in selling and still wants to own the club, regardless of it being part of the HKSE listing or not?

I think he's interested now. How long that remains the case, I dunno.

Hopefully not much longer but I'm thinking for those fans who think as soon as we are off the HKSE we will be sold, that might not actually happen and he may keep ownership of the club for a while.