Arab buys Portsmouth

[Goat]

you don’t think the club would be able to attract a world class manager?

No way on Earth would a World Class manager come to a club and manage a transfer budget of £3m a season.

 

[kenada_blue]

No way on Earth would a World Class manager come to a club and manage a transfer budget of £3m a season.

If you read it properly, I said if we had a billionaire Arab owner who fell out with Moyes and Moyes left…I'm sure it wouldn’t be tough to get a world class manager at the club.



Another thing…..

Rememer when Mike Ashley put Newcastle up? It was reported that about 10 buyers were willing to buy the club out but didn’t want to pay the price Ashley put on it.

Pompey have been looking for a looking all season, and if I remember it was reported a few buyers dropped out.

Sunderland have had their US business tycoon on the board since the start of the season…and even though they were shiite and were almost relegated he still bought the club.

What I want to know is…yes, maybe kenwright doesn’t like the cut of their jib, but shouldn’t he been smacking buyers away with a stick?

As noted, that "economic climate" making the money pool dry is bullshit.

We should be number 1 hot [Poor language removed] to buyers….sadly we're not…

 

[Makis]

How much stake does Kenwright hold? 40%? There's 60% of the club out there then. But no one is budging so BK probably thinks…why should he?

It's not that simple. If someone wants control of Everton, he HAS to buy Kenwright's shares. There are three major shareholders, and even if the buyer bought out the other two, he wouldn't be a controlling shareholder. Buying the rest would be near impossible - how do you buy the shares from all the minor shareholders?

And what's the point if you can't get a controlling interest?

 

[Goat]

Theres a percentage of shares somebody must reach, once they reach this figure, then all other shareholders HAVE to sell their shares to them. Im being very vague, but I recall when the Glaziers first made a move on United, my old boss was a United shareholder, once they bought all the major shareholders and reached this magic figure, my boss had no choice but to sell his shares.

Getting a controlling interest isnt that difficult, you just have to pick off the major shareholders 1 by 1, but if these major shareholders are greedy money grabbing *cough*, then it then becomes more difficult.

 

[kenada_blue]

It's not that simple. If someone wants control of Everton, he HAS to buy Kenwright's shares. There are three major shareholders, and even if the buyer bought out the other two, he wouldn't be a controlling shareholder. Buying the rest would be near impossible - how do you buy the shares from all the minor shareholders?

And what's the point if you can't get a controlling interest?

The point I was making is that because Kenwright wants to stay on as Chairman and play with someone else's money, why doesn’t an invester buyout the 2 other major shareholders and pump money into the club like like the guy who bought out Sunderland has done? I'm sure it’s the same at Arsenal. Isnt their an American investor who owns a large chunk of Arsenal and is almost a few shares off buying the club outright?

But, just like Kenwright (apprantley), they and he don’t want to sell. We've apprantley got some very rich people on the board as shareholders….but they either don’t want to put their money in and want money out, or they don’t have the money to begin with (its not really there's).

So to have some "control" of the club, investors have to buyout Kenwright….but if I were Kenwright (which is what he's thinking IMO) I'd want to know what I get at the end because the remaining shareholders who arent willing to give up their shares, will make millions by not selling anything and he will have given up everything.

Its not just Kenwright, but the major shareholders have to take some brunt of the blame IMO. BK wants to stay on in some capacity and he wont be able to if he sells all his shares…the other major shareholders are just be free loading if they're not willing to sell up some shares either.

Anyone know if how much the Abu Dabi group own in Citeh? 100% of the club? Maybe investors/buyers are turned off by the fact they want more than just the 40% of Everton but the major shareholders aint budging?

 

[Goat]

I dont think Kenwright is the major problem. Its the other 2 major shareholders, they want money and money only, they have no interest in the Club at all. For all his faults, I think part of Kenwright does want whats best for us.

Thats the problem, hes asking people to buy out the other shareholders, who are asking a silly price for their shares and then also make money available for the squad and stadium, its a tough, tough sell.

This is why he shouldnt be asking for "investment", he should be saying WE ARE FOR SALE. The way hes going about it is all wrong.

 

[Bruce Wayne]

Does anyone here actually know the facts or are they just guessing?

 

[kenada_blue]

I dont think Kenwright is the major problem. Its the other 2 major shareholders, they want money and money only, they have no interest in the Club at all. For all his faults, I think part of Kenwright does want whats best for us.

Thats the problem, hes asking people to buy out the other shareholders, who are asking a silly price for their shares and then also make money available for the squad and stadium, its a tough, tough sell.

This is why he shouldnt be asking for "investment", he should be saying WE ARE FOR SALE. The way hes going about it is all wrong.

Exactly. Kenwright can say his shares are for sale, which they probably are to the right person he deems fit because they are his shares. But maybe the buyers are like "what about the other shareholders?" well, they're not selling. So how can a buyer buy out the club outright if there's a bunch of freeloaders just wanting to make a tidy profit out of the club when Kenwright sells?

Kenwrights going to make naff all compared to the shareholders that would make a boat load of cash by staying put, so no wonder we're not being flogged.

Its all conjecture obviously, but it could be there's moody stuff on the board that are turning buyers off.

 

[teppic]

Does anyone here actually know the facts or are they just guessing?

indeed, bruce.

pompy get bought so all the anti kenwright brigade wheel out the same arguments.

i like kenwright and i like the direction the club is heading in.

 

[kenada_blue]

Does anyone here actually know the facts or are they just guessing?

Oh, its all guess work. But what are the other major shareholders doing? Keeping their shares and waiting for the big pay off.


I'm not being anti-kenwright, but I do think there's more than what he's saying going on on the board, more than just him, and I don’t believe him when he says there are no buyers when clearly, there are.


But there has been 3 clubs in the space of a year with more or less the same debt, the same need for new ground, but are nowhere near as successful in terms of league position and being almost in the "elite"
clubs than Everton, that have been taken over and bought out.

Sunderland were almost relegated FFS and will have £40million to spend in the summer. We finish 5th and a FA Cup final and will struggle knocking £6million together!

 

[Goat]

Does anyone here actually know the facts or are they just guessing?

100% guess work, nothing I ever written in this thread has anything fact related, its just my view point really.

Thats what you do in forums tho surely mate?

 

[kenada_blue]

New Sunderland owner Ellis Short insists he will not interfere with on-field matters following his takeover at the Stadium of Light.

The United States-based businessman bought the remainder of shares from the Niall Quinn consortium on Wednesday.

However, chairman Quinn will continue to oversee football matters.

"Niall knows more about football than I ever will, so I will be in the background and Niall will be running the show," Short told the club website.

"I will be involved in things like finance.

"With me coming in, you get all of these other good ingredients that are already in place at the club and can add to that a streamlined decision-making process, a streamlined board and with some financial ability to make some moves - and we think that is the missing piece that this club has needed."

Short's first objective is find a replacement for manager Ricky Sbragia, who stepped down from his duties at the end of a tense season.

The Wearsiders secured their Premier League status on the final day of the season, despite going down to a 3-2 defeat at home to Chelsea.

"Probably like every other good Sunderland Football Club fan, I'm ecstatic and if I had to pick one word, it would be 'relieved', relief that two months of fear and nervousness is over," revealed Short, who looks set to fund a summer spending spree to strengthen the squad.

"This club has a lot of reasons to stay up. We have got a lot of good plans for the future and relegation would have been horrible, so I'm relieved and happy."

Sounds like a right money grabbing nobhead don’t he, Bill?

And the Arab that bought Pomepy sounds even worst….Developing the academy and local talant as well as links acorss Europe, Asia and Africa he said. And he's only going to be around on the weekends. The prick.

 

[Gazdalf]

Just a spin on things. Maybe you are all beating the wrong man.


Look at the other share holders for a minute.

What if Kenwright is more than happy to sell his shares but the other share holders are not. The one buying wants all or nothing.


"Sorry Bill, we know you want to sell your shares to us, but your friends do not. so I am out"


But carry on having a go at Kenwright.

You can all guess to make him look bad. I will defend the man that has orchestrated were we are today.

 

[Goat]

Yes Gaz, what you say is correct, we really are having a go at the wrong person. But Kenwright is the figurehead, the buck stops with him, he wants the praise, so he must carry the flack.

Surely you agree with that?

 

[kenada_blue]

Just a spin on things. Maybe you are all beating the wrong man.


Look at the other share holders for a minute.

What if Kenwright is more than happy to sell his shares but the other share holders are not. The one buying wants all or nothing.


"Sorry Bill, we know you want to sell your shares to us, but your friends do not. so I am out"


But carry on having a go at Kenwright.

You can all guess to make him look bad. I will defend the man that has orchestrated were we are today.

That's what I've been saying.