Latest Takeover Rumour. The Moores / Noell one

[Groucho]

So, no Actual news then?

Nothing tangible. Nothing quotable as far as I know.

Quite a lot of hearsay really isn't there? For me, there seems to be a fresh rumour everyday, the latest being the 'stewards letter' so I'll reserve all judgement until there's a club statement.

Otherwise we just go round in circles of 'what if' and 'maybe'. Let's concentrate on avoid disappointment tonight.

 

[MartSlinger]

Buy Everton for 200 mil, build a new stadium for 250-300 mil while using to revenue to pay back debt, sell Everton for 550-600mil? Seems a bit pricey and only 50-100 mil profit, sell the best players get 200-300 mil then sell the team for 450-500, make 250-300 mil profit in 3-4 years

They're likely to be making money whilst they're here in the form of the massive tv deals that are happening. Because of the TV deal, now is the time to buy a PL CLub, especially one thats got the potential we have.

 

[JimmyJeffers]

If this comes off it will finally out that 'watched toffee' as the clueless, attention-seeking Winnet that he is. What a glorious day

 

[Dymak]

I don't think this will happen. The Padres new stadium was paid for with public money, something that isn't going to happen in Liverpool. So they would be looking at 200 million to buy the club, and close to another 200 million for a new stadium. That's 400 million in total. Meaning they would have to sell the club for more than 400 million to make a profit. Not gona happen.

If it did happen, there's no way that the circa 400 million is coming from their own pockets, they aren't even looking at buying the club themselves, and they are having to search the world for other investors to 'chip in' just to meet Kenwright's asking price.

Then there's the fact that the Padres had a reputation for paying the lowest wages in the league, and the fact that Moores tried to sell the Padres to someone who was using leveraged finance, but was prevented from doing so by the baseball league administration because the guy he was trying to sell to was considered too dodgy.

 

[Coffee and TV]

If this comes off it will finally out that 'watched toffee' as the clueless, attention-seeking Winnet that he is. What a glorious day

Nah because he covered his back the other day by saying something like "Americans meeting with Kenwright today.... trying to salvage the deal?" so whatever happens he'll be claiming he said it first.

I don't even get why he's turned into a jarg ITK account, when he was just compiling records and highlighting problems at the club at least he was doing something fairly useful.

 

[orly]

I don't think this will happen. The Padres new stadium was paid for with public money, something that isn't going to happen in Liverpool. So they would be looking at 200 million to buy the club, and close to another 200 million for a new stadium. That's 400 million in total. Meaning they would have to sell the club for more than 400 million to make a profit. Not gona happen.

If it did happen, there's no way that the circa 400 million is coming from their own pockets, they aren't even looking at buying the club themselves, and they are having to search the world for other investors to 'chip in' just to meet Kenwright's asking price.

Then there's the fact that the Padres had a reputation for paying the lowest wages in the league, and the fact that Moores tried to sell the Padres to someone who was using leveraged finance, but was prevented from doing so by the baseball league administration because the guy he was trying to sell to was considered too dodgy.

Depends.

If they take money out of the club and held it long term, it is £200m purchase, £200m investment, then say a decade of taking £10m a go from fees / revenue and then sell at a profit - still profit.

If it did happen, there's no way that the circa 400 million is coming from their own pockets, they aren't even looking at buying the club themselves, and they are having to search the world for other investors to 'chip in' just to meet Kenwright's asking price.

Isn't this a good thing? If one goes under it doesn't take the lot with them, which is what happened for Lerner when is primary businesses went sour

The current option is do, literally, nothing, as the current owners have managed. They can't even raise themselves to challenge a manager who has 18 wins from his last 61 league games.

 

[BiggyRat]

If this comes off it will finally out that 'watched toffee' as the clueless, attention-seeking Winnet that he is. What a glorious day

 

[chazzle_dazzle]

I find it odd that the normal hacks haven't picked this up today - you normally get at least 4/5 outlets scouring the forums for news. Would have thought they would have been all over this quoting their "source".

One side of me wants to say people have been briefed and its on, the other (probably more logical) side of me says nobody is arsed because we have seen it and heard it all before!

 

[Chang Elephant]

I'm just upset/disappointed it's not some oil baron or oliogarch with billions who will spend like City.

But failing that a leveraged buy out will do, as long as the boards asking price is met so we can be sure they're the right buyer.

 

[Dymak]

Depends.

If they take money out of the club and held it long term, it is £200m purchase, £200m investment, then say a decade of taking £10m a go from fees / revenue and then sell at a profit - still profit.

Isn't this a good thing? If one goes under it doesn't take the lot with them, which is what happened for Lerner when is primary businesses went sour

The current option is do, literally, nothing, as the current owners have managed. They can't even raise themselves to challenge a manager who has 18 wins from his last 61 league games.

If the reason behind their need to ask other people to chip in, just so they can buy the club, was to help prevent a scenario similar to that of Lerner's and Aston Villa then you may have a point, but I don't think that is the reason at all. I think it's because they are minge-bag, debt-manipulating, hard nosed, yank businessmen, who aren't looking to splash the cash at all.

They have a reputation for paying the lowest wages in baseball. These aren't the people we need, and I see things getting very messy if they do gain control.

 

[JimmyJeffers]

Nah because he covered his back the other day by saying something like "Americans meeting with Kenwright today.... trying to salvage the deal?" so whatever happens he'll be claiming he said it first.

I don't even get why he's turned into a jarg ITK account, when he was just compiling records and highlighting problems at the club at least he was doing something fairly useful.

Probably just couldn't resist the temptation to try and pedestal himself as some sort of body of higher knowledge. An affliction that affects many during the transfer window.
Anyways, it certainly feels like things are about to change and no one is quite sure if it will be for better or worse.

 

[Chimpy Glassman]

 

[Jackdaviesefc]

Let's see what happens now with the BK out crew of their wish is granted..

 

[MrGrumpy]

If the reason behind their need to ask other people to chip in, just so they can buy the club, was to help prevent a scenario similar to that of Lerner's and Aston Villa then you may have a point, but I don't think that is the reason at all. I think it's because they are minge-bag, debt-manipulating, hard nosed, yank businessmen, who aren't looking to splash the cash at all.

They have a reputation for paying the lowest wages in baseball. These aren't the people we need, and I see things getting very messy if they do gain control.

I also share you fears. We have no idea how many people are in this consortium or what their plans are. You can't really compare baseball to football, totally diffrent sports with totally diffrent rules and regulations.
I know a lot of ppl don't like Kenwright but I'm sure they must have made some sort of assurances to him about the club, otherwise I don't see him selling to them. Granted once they own us they can do whatever they like

 

[njligernj]

A lot of people in this thread are assuming their plan is to flip the club (improve things, build a stadium and sell for profit). That may well be true, we've heard "no new stadium" was a reason buyers pulled out before (but with Bill in the mix who knows) ... but I just don't understand the logic.

Everyone talks about how we need business people in the club and business people need to see a profit. So what is the motive of the theoretical people who show up to buy the flipped club from Moores/Noell at ~600m? What's their plan? Build another stadium balanced on top of the other new one and flip it for 1.2b? Or is the thought that there are more "recreational" buyers once you have a ready to wear solution? This all seems very optimistic and contradictory.

On the one hand we want business people with profit motives and on the other hand we're assuming in five years someone will happily buy the club for significantly more than it would cost to buy it now and build a stadium themselves. I know, I know. We've heard "City got oil money because they had a stadium" ... but they had a stadium when they came to talk to us first didn't they?

So how realistic does that seem v. "they just want to leverage buyout a relatively stable value asset with huge cash flow they can siphon off."

Yeah a stadium and a flip might give them a golden parachute but they can sell two assets (Stones and Rom) for ~100m and re-invest some (not all) back into the squad. We'd be at no realistic risk of relegation as a result. They then siphon ~10-20m p/year out of TV money (using some to service the debt and the rest to service their 1%-y needs) and just spend enough to aim for mid-table. Martinez outers would get their wish as that kind of a club needs a Moyes figure. It's napkin math but it's a business plan that makes sense. The other one where they keep us competitive for the CL (keep us?), build us a new stadium and then ride off into the sunset having secured us new sugar daddy owners doesn't really make as much sense.

Which seems like a more realistic plan for profit-centric investors to you?

If it did happen, there's no way that the circa 400 million is coming from their own pockets, they aren't even looking at buying the club themselves, and they are having to search the world for other investors to 'chip in' just to meet Kenwright's asking price.

Then there's the fact that the Padres had a reputation for paying the lowest wages in the league, and the fact that Moores tried to sell the Padres to someone who was using leveraged finance, but was prevented from doing so by the baseball league administration because the guy he was trying to sell to was considered too dodgy.

Yup. These guys are not good news.