***BREAKING NEWS*** Mongoose Cricket up for Sale
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qasim_aziz99

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #15 on: September 16, 2014, 04:25:06 PM »
Quote from: Stuey on September 16, 2014, 03:21:37 PM
anyone else thinking
1. We could do this?
2. How do I break it to the mrs?


Defo we should  get it
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uknsaunders

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #16 on: September 16, 2014, 04:26:19 PM »
Quote from: Tom on September 16, 2014, 03:30:10 PM
Up for sale just as they'd be expecting their highest orders/revenues with orders set to come in over the next month for 2014/15.

A potential Sports Direct acquisition?
I think sports direct are fine for Kashmir supplies thanks to slazenger[emoji2] . Can't imagine they would need English willow bats, not unless they were £29.99 - 90% off rrp.

Odd timing don't you think?
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Buzz

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #17 on: September 16, 2014, 06:59:24 PM »
good timing as it gives the new owner time to sort next season's stash.

going to be a decent sized 6 figure sum I would guess. (plus there is trescothic's salary to think of)

going to need more than a loan guys!
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tim2000s

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #18 on: September 16, 2014, 07:03:48 PM »
Wonder if there is an opportunity to crowdsource through one of the websites? Would need someone willing to step up and run it though.
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Tom

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #19 on: September 16, 2014, 07:04:32 PM »
Quote from: Buzz on September 16, 2014, 06:59:24 PM
good timing as it gives the new owner time to sort next season's stash.
Really? Orders need to be placed by June, or July at the latest to be delivered here for late October and deliveries to shops. (30 day on a boat + factory lead times). It only makes sense if the new owner is going to abandon the retailer model, and sell direct.

To me it's in incredibly odd time to sell - retailers place their orders in September/October, which retailer is going to invest in a brand who's future is insecure?

My assumption would be they don't have the financial muscle to buy sufficient new kit for 2015.
« Last Edit: September 16, 2014, 07:07:23 PM by Tom »
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Vitas Cricket

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #20 on: September 16, 2014, 07:12:21 PM »
Will be interesting to see if they are at Lords tomorrow.
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Tom

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #21 on: September 16, 2014, 07:12:32 PM »
Quote from: GarrettJ on September 16, 2014, 04:16:26 PM
What is the name of the company that owns mongoose?
Cricket Bat Acquisition Company Ltd
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GarrettJ

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #22 on: September 16, 2014, 07:37:12 PM »
Going to cost at least £500k
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cricketbadger

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #23 on: September 16, 2014, 07:38:53 PM »
Quote from: GarrettJ on September 16, 2014, 07:37:12 PM
Going to cost at least £500k

count me in for £100, if we can find the remaining £499.9k from the rest of the forum, lets go
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GarrettJ

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #24 on: September 16, 2014, 07:39:44 PM »
A quick scan online says the balance sheet is worth £365k
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JB

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #25 on: September 16, 2014, 07:41:27 PM »
Red light is on company check though for the credit
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GarrettJ

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #26 on: September 16, 2014, 07:47:26 PM »
I think that red light is because they have tried to dissolve the company on 1 July but that was canceled 23 August.

That man who did the Q&A is not the majority shareholder by the the way CBF admin people.

On a side note .....  The net worth of other cricket companies makes interesting reading!

« Last Edit: September 16, 2014, 07:53:58 PM by GarrettJ »
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KettonJake

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #27 on: September 16, 2014, 07:49:34 PM »
There was talk of them going into admin/changing owners in June time. This quietly went away though, surprised to see a brand up for sale at this time of year.
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TBONTB

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #28 on: September 16, 2014, 07:54:02 PM »
Quote from: Vitas Cricket on September 16, 2014, 07:12:21 PM
Will be interesting to see if they are at Lords tomorrow.

Is it a trade show or is it open to the public?
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Bulldog Cricket

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Re: ***BREAKING NEWS*** Mongoose Cricket up for Sale
« Reply #29 on: September 16, 2014, 07:54:22 PM »
Who is the chap that did the q&a then ? Is he selling or buying it ? From the answers to the questions he seemed far from wanting to sell ?
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