Lakshmi Mittal in a bid for Everton

Status
Not open for further replies.
Just imagine, he could take Kirby from a 50000 to 75000 seater stadium. Or even better we could just buyout the redshite's land and send them to Kirby .... :D

It's municipal land isn't it? Given that their feuding yank owners had to beg a bank to lend them the cash for Keane, it'll be interesting to see how they plan to fund it. And even more interesting to see how quickly the useless city council remembers that we asked first and were lied to if/when Mittal waggles his wad under their noses.

That aside though I can't say I relish the thought of an Everton team made of expensive journeymen imports no one can remember the names of. I mean I'd like to beat the redshite without becoming like them, if you see what i mean.
 
It's municipal land isn't it? Given that their feuding yank owners had to beg a bank to lend them the cash for Keane, it'll be interesting to see how they plan to fund it. And even more interesting to see how quickly the useless city council remembers that we asked first and were lied to if/when Mittal waggles his wad under their noses.

That aside though I can't say I relish the thought of an Everton team made of expensive journeymen imports no one can remember the names of. I mean I'd like to beat the redshite without becoming like them, if you see what i mean.
Yes who wants a team of super stars eerm ME:lol:
 
indian vs yank

maybe this dude cant stand yanks (like the rest of us) and fancys pissing on there fire in one of the biggest cities in the world.rebuild goodison with as much steel as he pleases.kenwright gets the glory of geting this indian in the club(with his seat still in goodison)moyes gets to prove to twatty ferguson who is the BOSSHOG of the premiership.and we all sing kopites are gobshites.Am i dreaming?
 
If he's that minted why would he wait till we move to Kirkby to buy us? 51bn fortune and he wouldn't stump up £400m for a new stadium? Cheap if you ask me :D
 
QPRs wiki page makes interesting reading :

[edit] Investment
After a number of years of financial difficulties which included a period in financial administration, QPR was bought by Formula One tycoons and multi-millionaires Bernie Ecclestone and Flavio Briatore in a £14m takeover in August 2007. In spending £690,000 to acquire a 69 per cent majority stake in the club, Ecclestone spent £150,000 on his 15 per cent, while Briatore bought 54 per cent for £540,000 through a British Virgin Islands registered company, Sarita Capital. In addition Briatore and Ecclestone are believed to have promised £5 million in convertible loan facilities to help buy players and have covered £13 million of debt, in a total commitment to the club of around £20 million. At the time of purchase the remaining 31 per cent of shareholders turned down the offer of 1p a share.[9]

Four months later, on 20 December 2007, it was announced that the family of billionaire Lakshmi Mittal had purchased a 20 per cent shareholding in the club from Briatore. The purchase price of the 20 per cent stake was just £200,000. As part of the investment Lakshmi Mittal's son-in-law took a place on the board of directors.[10] While Gianni Paladini remains chairman of the football club, Alejandro Agag, as chairman of QPR Holdings (the parent company) was the de facto chairman,[9] until he was replaced by Flavio Briatore in early February 2008.[11] Agag moved into the role of managing director, supported by a deputy managing director, Ali Russell, who moved from Hearts in the Scottish Premier League.[11]

Despite QPR's perilous financial condition, the combined personal wealth of the club's new owners (which included the world's then 5th richest man Lakshmi Mittal) sparked speculation that QPR would receive significant further investment from their new benefactors drawing parallels to their wealthy West London neighbours Chelsea and Fulham.[6] However, to date no significant further funds are believed to have been made available to the club other than those injected as part of the purchase of its share capital. Indeed it was reported in January 2008 that the investors had not discharged the £10 million loan from ABC Corporation together with its £1 million annual interest burden—despite the club's prospective annual turnover of between £10 million and £15 million a year. Furthermore around £2 million was still owed to a former director and major shareholder, Antonio Caliendo, who waived £4.5 million of loans when Briatore and Ecclestone bought the club. It was expected that the ABC loan would be discharged in June 2008 on its maturity and that the debt owed to Antonio Caliendo will be paid off "in early 2008" in line with a funding strategy which Ecclestone has publicly stated would not result in the wealthy owners simply bankrolling the club.[6] Mittal's investment is thought to be primarily motivated by his son-in-law's interests and that Mittal himself will remain a silent investor while Briatore, Ecclestone and Bhatia work together to implement the strategy of slowly building the club up ahead of a push for promotion to the Premier League in 2009.

2 points, 1st his son-in-law is on the board not him and 2nd they aint really spent mega bucks. Anyway would be interesting, but i cant see him being a Roman, i could see him coming in, trying to make some money and then bailing leaving us an even emptier shell.
 
QPRs wiki page makes interesting reading :

[edit] Investment
After a number of years of financial difficulties which included a period in financial administration, QPR was bought by Formula One tycoons and multi-millionaires Bernie Ecclestone and Flavio Briatore in a £14m takeover in August 2007. In spending £690,000 to acquire a 69 per cent majority stake in the club, Ecclestone spent £150,000 on his 15 per cent, while Briatore bought 54 per cent for £540,000 through a British Virgin Islands registered company, Sarita Capital. In addition Briatore and Ecclestone are believed to have promised £5 million in convertible loan facilities to help buy players and have covered £13 million of debt, in a total commitment to the club of around £20 million. At the time of purchase the remaining 31 per cent of shareholders turned down the offer of 1p a share.[9]

Four months later, on 20 December 2007, it was announced that the family of billionaire Lakshmi Mittal had purchased a 20 per cent shareholding in the club from Briatore. The purchase price of the 20 per cent stake was just £200,000. As part of the investment Lakshmi Mittal's son-in-law took a place on the board of directors.[10] While Gianni Paladini remains chairman of the football club, Alejandro Agag, as chairman of QPR Holdings (the parent company) was the de facto chairman,[9] until he was replaced by Flavio Briatore in early February 2008.[11] Agag moved into the role of managing director, supported by a deputy managing director, Ali Russell, who moved from Hearts in the Scottish Premier League.[11]

Despite QPR's perilous financial condition, the combined personal wealth of the club's new owners (which included the world's then 5th richest man Lakshmi Mittal) sparked speculation that QPR would receive significant further investment from their new benefactors drawing parallels to their wealthy West London neighbours Chelsea and Fulham.[6] However, to date no significant further funds are believed to have been made available to the club other than those injected as part of the purchase of its share capital. Indeed it was reported in January 2008 that the investors had not discharged the £10 million loan from ABC Corporation together with its £1 million annual interest burden—despite the club's prospective annual turnover of between £10 million and £15 million a year. Furthermore around £2 million was still owed to a former director and major shareholder, Antonio Caliendo, who waived £4.5 million of loans when Briatore and Ecclestone bought the club. It was expected that the ABC loan would be discharged in June 2008 on its maturity and that the debt owed to Antonio Caliendo will be paid off "in early 2008" in line with a funding strategy which Ecclestone has publicly stated would not result in the wealthy owners simply bankrolling the club.[6] Mittal's investment is thought to be primarily motivated by his son-in-law's interests and that Mittal himself will remain a silent investor while Briatore, Ecclestone and Bhatia work together to implement the strategy of slowly building the club up ahead of a push for promotion to the Premier League in 2009.

2 points, 1st his son-in-law is on the board not him and 2nd they aint really spent mega bucks. Anyway would be interesting, but i cant see him being a Roman, i could see him coming in, trying to make some money and then bailing leaving us an even emptier shell.

Well he only had a 20% claim in it, and how much exactly can you spend for QPR? its not like that can get top of the class players.
 
apparently according to sky sports news
he is actually interested in Newcastle for 260 mil:huh:
 
Status
Not open for further replies.

Similar Threads

Welcome

Join the Everton conversation today.
Fewer ads, full access, completely free.

🛒 Visit Shop

Support Grand Old Team by checking out our latest Everton gear!
Back
Top