Latest Takeover Rumour. The Moores / Noell one

[billytoffee]

I'm a traditionalist mate.

Me too mate - thats why I hang around on here trying to find out if anyone does have a clue whats happening.

 

[Efcjake]

We puny humans are not a lot dislike nature. In nature a young bush grows steadily, accelerates into full bushy maturity then after a while starts getting woody and bald in the middle, before the outer branches look straggly.
I would argue that football as a pass-time is in its full bushy maturity .... but in the future (x years) as people start getting fed up of the procession that is the wealthy elite mopping up - and as passion is strangled from the game in the need to manufacture the same old teams into the "champions" league, I can see football slowly becoming more straggly, as more and more people give up on paying the high prices to see the same old business run rubbish.

How would this new huge stadium look with around 10k supporters in it, in the future? Will football in the UK go the same was as baseball in the US?

This right here is why the "Super League" idea will not take off. If you take away the tribalism of localized domestic football it loses a lot of emotional value. It's why Leicester potentially winning the league would be one of the best things ever for the sport in England. It would bring back the hope and belief that supporters and clubs live and thrive on. I think a takeover would bring some of that belief and hope back to us and would make filling a 50,000-seater stadium a realistic proposition. If things were to stay as they were with minimal capital investment from the club and some sort of finance plan for a new stadium I think it would take a lot longer to see the return on investment for the stadium than if someone were to come in and really excite the supporters with a clear vision to move us forward and out of this stagnation we have been in for the last 25 years.

 

[D410]

Bit you missed out from s171* of the Act was that as long as they "act in good faith" that's OK.
So if there is a business plan and other documentation/guarantees in place and in the directors' judgement the transaction will benefit and increase the value of the company (and the share value), how are you going to proceed against the directors?
Given that the last indicative price for EFC shares was about 1350. per share, the shareholders wouldn't be too upset I think.

* might be172 but defo between 171 and 177

What business plan is that? Nothing has been shared. I believe that at the very least the shareholders association should be afforded the opportunity to ensure that the directors responsibilities were indeed being upheld.

 

[Steve Wigan]

Well no, assets are not really the players. Players are not listed assets, we don't have any...they have been sold off.

Again..what has been sold off, and who has benefited ? Finch Farm on a legitimate sell and lease back arrangement, very common in business doesn't count...in fact any mortgage on property/assets to generate currently available cash is very legitimateand very common. As someone said above...businesses run on borrowed money.

 

[Bungle]

Just got word from my friends girl that her father saw Trump at FinchFarm. He was wearing a classy suit.

Its on.

He's been spotted parked up at Finch Farm

 

[D410]

(at the final stage of negotiation)

"So gentlemen, it appears everything is in order, we agree to purchase the club and we're ready to sign."
"Hang on, though, there's some D410 bloke on Grand Old Team who wants a complete rundown of your plans and the source of every dollar you have before we complete this deal."
"No."
"Deal's off then."

(board leaves the room, guards appear out of nowhere and physically carry Moores and Noell out of the building and throw them onto the sidewalk)

Club Sold to a venture captulist short-term investors looking to make a buck. EFC as a business doesn't have the revenue strengths to sustain any sort of leverage passed back to it but we sit around later and decide why we sat on our backsides and never asked questions before the deal was signed.

 

[njligernj]

Why do some people think it's an 'either/or' situation? Why do some people think if there's investment in a new stadium, there wouldn't be any money spent on players? This is a baffling way to think.

You replied to me but then said something I neither believe in nor actually said.

I was making the point that in the first two years any money is better spent on players than a stadium. For instance in the event they do indeed have 50m for players and 50m as a down-payment on a stadium then I am suggesting 100m on players and nothing on stadium is a better strategy for the first few years due to the relative rarity of our player assets for a club of our stature.

The opportunity cost of waiting two years on a stadium is essentially zero (unless they project the cost of materials to rise ahead of inflation).

The opportunity cost of waiting two years on player investment is huge as we can't guarantee we'll have player assets like this for much longer without success.

I know everyone thinks a stadium is the most important thing. The point I am trying to make is that perhaps isn't actually a logical thought process for our current situation.

A new stadium is VITAL for us to kick on as a football club.

Since I said "long-term yes we need a new stadium" I have no quarrel with you good sir.

West Ham with an extra 10m a year from a new stadium have essentially the same chance of getting someone the level of Lukaku to play for them.

Money is not our main problem now. We had money to sign all the people who signed with other teams instead of us.

And this idea that the new owners are 'carpetbagging leveragers' is INFURIATING!!! What exactly do you think Kenwright and co. are???

I am well known for being super pro-BK so you've got me here.

The actions of the current board are irrelevant. They don't meant the new people won't be that way; nor does it mean they will be. I never brought it up due to being entirely irrelevant.

Aside from I suppose BK's lack of business nous could be an issue in vetting new owners.

The new owners can't be 'carpetbagging leveragers' because there is literally nothing to leverage debt against.

That's totally, completely 100% false. Increased TV revenue alone completely changes the equation and makes a leveraged buyout of a club like Everton entirely feasible. Previously it was more of a play for a Man U level team; now the numbers work for teams like us.

Doesn't mean it WILL happen but your contention that there is no mechanism to do so is entirely baseless.

I've seen a few people basically say/post it.

Usually along the lines of 'American owner = automatically evil, because of LFC/MUFC'.

I'm as American as I am English so you'll need a different excuse for me.

I looked at their business history. Not just the Padres but all their businesses. That's why I'm worried. I'm not trying to be an ass but I do business with people like them all the time. They call our business every single month trying to get their claws into us. We meet with people like them all the time. The reason I am afraid of them is I know what 99% of them are like and I've seen what they do. Doesn't mean they are like that but you're going to be nervous about someone coming from a group that's 99% evil or evil adjacent.

 

[mkrudden]

Club Sold to a venture captulist short-term investors looking to make a buck. EFC as a business doesn't have the revenue strengths to sustain any sort of leverage passed back to it but we sit around later and decide why we sat on our backsides and never asked questions before the deal was signed.

Do you honestly believe that you're thinking of questions that haven't/won't be asked by lawyers representing the club?

Do you think Bill, for all his supposed professional flaws, won't be asking for guarantees as to the long term future of the club?

I mean no disrespect to you mate, but because we aren't in the room doesn't mean it's not happening. You (and I) know diddly squat on the negotiations thus far.

"Yeah but we know about Kitbag, Finch Farm...And don't forget we sold Rooney".

Perspective and rationality is needed.

 

[Blue_Berry]

Club Sold to a venture captulist short-term investors looking to make a buck. EFC as a business doesn't have the revenue strengths to sustain any sort of leverage passed back to it but we sit around later and decide why we sat on our backsides and never asked questions before the deal was signed.

Speculation...

 

[hibbo'sclass]

What business plan is that? Nothing has been shared. I believe that at the very least the shareholders association should be afforded the opportunity to ensure that the directors responsibilities were indeed being upheld.

If you're a shareholder, check out the Companies Acts where it will tell you what you are entitled to see. Even if it were an open offer I' m pretty sure that you're NOT entitled to see business plans anyway.

If you're not a shareholder, you have got no chance of seeing anything whatsoever unless you get it from a third party.

Have you decided how to prove the directors are not acting in good faith or ignoring that bit as it doesn't suit?

NDA doesn't run out the same time as exclusivity period and in answer to how you enforce one - neither party tells anyone outside of those directly involved in negotiations anything.

 

[peteblue]

If the Chinese want to buy us then the Yanks will do the deal and pass us straight on for a quick buck........makes no difference to us though as long as we still get to play in Blue........

Just whiling away the minutes until the pub opens......

 

[Steve Wigan]

Neither have you...and yet a few posts back you were stating that the NDA ended on Jan 31st - which was in fact when the period of exclusivity ended......make your mind up ffs.

You appear to want the Directors to allow the fanbase to have a say on whether the prospective owners are suitable or not, which is bark at the moon stuff. Which supporters exactly btw? All of them? STH's? How are you going to administer it - ballot? Or do you mean just you and a few of your mates like?

Game Set and Match to Mr Hot Dog....mind you, against a rank outsider........

 

[tbone1970]

@njligernj Your negativity is quite worrying!!

 

[mkrudden]

Game Set and Match to Mr Hot Dog....mind you, against a rank outsider........

Stop stirring Steve, my good friend. You're better than that!

 

[zirc]

Watch how quickly The Echo turns.

Its gonna be amazing, they will crawl from out of Bills arse and rain fire on these yanky doodles.

Well, good. The board ought to be held accountable regardless of who they are. Tired of the press putting 0 pressure on the current lot.