Arab buys Portsmouth

[Clarky66]

I just sense that having no investment will hurt the club big time one season. Yes, other clubs with money are in debt (which club isnt? And to play with the big boys it come with the territory), and the money men don’t spend their own money. But the thing is, is that they still generate more income, they still attract other investments, and they stay afloat in the big nasty premier league despite how much they owe and spend.

We on the other hand, whenever money comes in, it goes out to keep the club ticking. We have to borrow every year and increase our debt - which isnt very good because its akin to a man with no money borrowing more that he cant payback. It'll bottom out like it did under Johnson, players will have to sold to balance books (Arteta £20mill, Lescott £15mill with 60% of that going to balance the books for eg) the decline will follow not matter what magic wonders Moyes pull out.

I don’t see investment as a mode to be more successful and push the club forward, I see it more as a necessity to just compete/stay in the premier league.

People say that one of the top clubs will go tits up with the amount of cash they owe in the economic climate. I say we can go tits up because of the same thing….and we get nowhere near the cash the top clubs generate a year to even attempt to pay it off.

No digs a Kenwright, I like the bugger. But that's just a fact.

The best post so far, lad.

 

[Gazdalf]

Good points, well made KB. I agree completely.


Romance aside, facts is facts.

 

[Bruce Wayne]

We do need money, that's inescapable. A look at the accounts shows that. I just don't think we should be swept up by this notion that a new investor will mean that the money comes from them, because as always the money will come from us.

 

[Dixie Dean]

Look what the rich owner at Whitecastle has done for them.

 

[Gazdalf]

We do need money, that's inescapable. A look at the accounts shows that. I just don't think we should be swept up by this notion that a new investor will mean that the money comes from them, because as always the money will come from us.

True. Look at the RS for a template.

New rich owners come in, borrow against the club using their own assets as a swinger. All goes tits up, owners can run away but the club is in more debt than the first place. Then you need someone to buy the debts with a club that has not actually moved on.

 

[kenada_blue]

But then I'd say that the RS were already in a position of power. For whatever money they owe they make a hell of a lot of money through other means, and there will always be someone that would want to buy Red Shiite FC. The debt they, Arsenal, Chelsea etc, have is manageable, they wont fall into administration anytime soon.

What got my hump and others are two factors - 1) Kenwright said its hard to find buyers. That's clearly not true. The "right" buyers (whoever that maybe) yes, but not buyers in general. 2) Who were bought and how quick it came. Its looks to me from the media view point (which is where we get all our news) Kenwright should be knocking buyers back left right and centre rather than it coming across as "well…there's no one interested in buying clubs nowdays"

Sunderland were almost relegated but now have a shareholder who's bought the remaining shares, he now says he will step back and let other people deal with the football, and give the new manager a £40mill kitty. Pompey were up [Poor language removed] creek and need a buyer, went out and got one because they needed one.

The thing you've got to remember is…we're on the brink of becoming what these other clubs want, success and champions league football. No matter who came in and spent our money and put us in more debt, there's more of a chance at being successful for a number of years for the owner to keep hold of the club, than there is them pumping money in, getting nothing out of it and then buggering off with someone holding the baby.

The only club to truly do that were Leeds. Newcastle just balled by management wise but not financially. No other premierleague club has been crippled by finances with people overspending what they cant spend.

 

[Robert Jarvis]

We have done well this season and last but to be honest we are just scraping by. Citeh, Black Cats and Pompey will now have more funds to draw on than us, add in that mix Villa and Spurs, you can see life will be more difficult next year.

In all the rumours going round at the mo regarding transfers Everton are hardly mentioned, shades of last year, happen. Reading between the lines there is little cash there to strengthen the squad, never mind all those fanciful threads on the forums about who we should sign. It is going to be a long hard summer and the new season will begin very soon with the Europa Cup. Can't see any new players coming in intime to settle in.

For me after this takeover of the other clubs irrespective of what BK has managed to date, in my mind there is no doubt that he has been economical with the facts when he says the club is up for sale or he is looking for investment.

What does BK actually mean when he says they are looking for investment, some one to come along and give him a mountain of cash on loan with out any security, because that is investment.

The club being sold is not investment, that is some one buying all or the majority of the shares and then putting money in.

So BK should make it clear what he actually means and if the club is for sale as he has claimed where do the other shareholders stand on this.

I do not believe BK for one minute, he is stringing us along, he has no intention of moving out of the way. Our club is essentially just surviving on TV revenues and eventually we will slip behind the other clubs.

 

[davek]

We have done well this season and last but to be honest we are just scraping by. Citeh, Black Cats and Pompey will now have more funds to draw on than us, add in that mix Villa and Spurs, you can see life will be more difficult next year.

In all the rumours going round at the mo regarding transfers Everton are hardly mentioned, shades of last year, happen. Reading between the lines there is little cash there to strengthen the squad, never mind all those fanciful threads on the forums about who we should sign. It is going to be a long hard summer and the new season will begin very soon with the Europa Cup. Can't see any new players coming in intime to settle in.

For me after this takeover of the other clubs irrespective of what BK has managed to date, in my mind there is no doubt that he has been economical with the facts when he says the club is up for sale or he is looking for investment.

What does BK actually mean when he says they are looking for investment, some one to come along and give him a mountain of cash on loan with out any security, because that is investment.

The club being sold is not investment, that is some one buying all or the majority of the shares and then putting money in.

So BK should make it clear what he actually means and if the club is for sale as he has claimed where do the other shareholders stand on this.

I do not believe BK for one minute, he is stringing us along, he has no intention of moving out of the way. Our club is essentially just surviving on TV revenues and eventually we will slip behind the other clubs.

That's right, KB. In 'Bill World' an investor is someone who donates money to the cause. We know this because he and his board stated to the public inquiry at Kirkby that no director is willing to sell their shares, and they wont consider a rights issue to raise capital either. I expect donators will be in short supply. Still, 26/9 etc

A takeover of the club in the future will happen only if Bill determines the person passes Bill's own suitability test: for example: Robert Earl...twice bankrupt Planet Hollywood part owner and Spurs supporter, who's let it be known he wont put a penny into the club until he finds out the Kirkby decision. Earl sailed through Bill's own rigorous fit and proper persons test.

You cant argue with that.

 

[GrandOldTeam]

These threads always make me laugh.

Any excuse ay lads...

 

[The Esk]

Ducks for cover - Why would a shareholder sell now, if that shareholder believes he can achieve a better price sometime soon?

I'm not a Bill hater, but in my opinion he'd be better of stating the facts - no-one will buy the club until the stadium issue is resolved, and no-one is willing to sell a significant number of shares before the decision either.

The reason being that the Kirkby stadium has such a material effect on the share price.

 

[GrandOldTeam]

Ducks for cover - Why would a shareholder sell now, if that shareholder believes he can achieve a better price sometime soon?

I'm not a Bill hater, but in my opinion he'd be better of stating the facts - no-one will buy the club until the stadium issue is resolved, and no-one is willing to sell a significant number of shares before the decision either.

The reason being that the Kirkby stadium has such a material effect on the share price.

Nail on the head.

I've said this so many times now. If theres one thing investors don't like, its uncertainty. Its impossible to ascertain figures with a stadium issue looming.

 

[davek]

Ducks for cover - Why would a shareholder sell now, if that shareholder believes he can achieve a better price sometime soon?

I'm not a Bill hater, but in my opinion he'd be better of stating the facts - no-one will buy the club until the stadium issue is resolved, and no-one is willing to sell a significant number of shares before the decision either.

The reason being that the Kirkby stadium has such a material effect on the share price.

That's pretty much what Kenwright and the other major shareholders know to be the case (and in the public inquiry they stated as much). The thing is, though, Kenwright likes to insult our intelligence by periodically hawking around these stories about 24/7 searches and strict criteria for buyers. It's a parallel universe to what's actually happening.

Bill's his own worst enemy. He has his get rich quick project on the go and is waiting to hear whether it's worked out or not. All he has to do is sit tight and not scare the horses too much. But you know Bill, never far from a friendly reporter or radio host when he feels the need for his next fix of publicity.

 

[Robert Jarvis]

Too true Dave.

Danny it seems to me you are one of the confused ones, an investor is some one who gives BK cash without buying the shares or other assets.
That will not happen.

If some one buys the shares then the cash goes to the shareholder not the club, that is a takeover. The person buying the shares would then be an investor if he put cash in on top of buying the shares.

okay Danny?

 

[Bruce Wayne]

Sounds like a lot of fans are confused also then because most fans seem to think an investor isn't interested in getting any kind of return on his investment and will simply blow a few hundred million on the club. The only way any investor would get back such a cash outlay is finding some mug to buy the club for even more money. Hardly creating a stable environment is it? Alternatively the investor won't put any of his own money in, will leverage debt to buy the club and use the fans to pay for new transfers. He might offer some initial money (paid for by debt) to butter us up of course.

 

[Goat]

Yes, thats our point Bruce, its only Bill whos looking for an investor.

We dont want an investor, we want some rich sugar Daddy who wants to spend BILLIONS, simply to raise his own profile. I suppose thats gonna be pretty hard to find, possibly impossible, but we can dream.

All we ALL want is just £20-30m each season, without having to sell anybody.