Iron Bru › Forums › Blast Furnace › David Hilton Interview › Reply To: David Hilton Interview
The supporting evidence is they couldn’t wouldn’t come forward with a bid that the owner would accept, Kirchner was the preferred bidder for the administrator at Derby he couldn’t come up with the funds, so the local man slipped in at the last minute, happens all the time. Don’t really get why snide remarks aren’t allowed against St Simon and Ian yet perfectly acceptable for Hilton the man who actually bought the club guess it’s a scunny thing? You’ve got to admit Swanny played a blinder there suckering them for a months wages, even if you do hate the man, they weren’t even clever enough to put the money in as a loan fancy gifting Swanny the thick end of 200k not really the kind of people I would want to run the club.
For all the mistrust of Peter Swann and the desire to see the back of him, it surprises me that you and others have sufficient trust in his judgement to select the club’s next custodian correctly. Generally speaking, unpopular and outgoing chairmen usually do their best to ensure their successors do a worse job than them. It wouldn’t surprise me in the slightest if there is a clause in the sale agreement that if Hilton reneges on the terms then ownership transfers back to Swann for a nominal amount.
Given the duration of negotiations, it would suggest to me that the sale of the club was done on the hoof. No professional advisor would put their name to any due diligence (if any was conducted) in such as short space of time because their professional indemnity cover wouldn’t allow it.
As for Simon Elliott, Ian Sharp and their consortium, you don’t know the terms of their offer, you just know they were unsuccessful. In these situations it is good practice not to upset the locals because they are usually to first to sign a cheque when it goes tXXX up.