Everton takeover rumours

[hibbo'sclass]

I'm not saying anything with any certainty mate, I'm saying the logical conclusion is that without agreement and/or contribution by LCC and other 3rd parties the price paid for the equity must reflect that.

The owners of the equity must then recognise that in order to conclude a deal.

Ah - reading too much into your reply.

 

[SerenityNigh]

"There's no place like Goodison, there's no place like Goodison, there's no place like Goodison." Then they vanished and went back home.

!!!!

 

[SerenityNigh]

I'm not saying anything with any certainty mate, I'm saying the logical conclusion is that without agreement and/or contribution by LCC and other 3rd parties the price paid for the equity must reflect that.

The owners of the equity must then recognise that in order to conclude a deal.

A firm commitment from LCC definitely carries significant value

 

[Chang Elephant]

Im a skepical as anybody about us being bought,but these calling in favours shouts just dont add up,if said American says he made a tentative
enquiry but decided i wasnt the right time place or whatever reason then says but theres a few others very interested how would this help blue
Bill?
if anything it would turn up the heat on the board just before the AGM because questions would be raised about the petential buyers

Just doesn't sound right...... "I'm not buying the club but there's two other interested parties"...."I'm sure it will get sorted soon", this unusual volunteering of information has the unmistakable smell of Kenwright's nether regions about it.
At the AGM they'll just need to repeat that they're seeking a buyer and are not at liberty to discuss any current interest for obvious reasons.....Everyone's happy until this time next year.

 

[evertony]

If due diligence is under way then I'd say we won't get a sniff of news until that's complete, at which point a formal offer might be made and an EGM called.

I've worked for big companies with complicated accounts who've undergone due diligence and it's taken two to four months to get to the end of. Everton's a fairly simple business to carry out due diligence on and I'd expect it to take something of the order of four to six weeks, maybe two months tops if the accountants and auditors need to ferret a bit.

I can't see us hearing anything this month. If the interest is real and due diligence is being carried out I'd guess at mid to late November before any possible suitors would decide whether to proceed or not.

Just gone through a due diligence process that lasted nearly six solid months on a relatively simple acquisition between companies either side of the Atlantic. Legal compliance and clarity of performance on anything that may trip up a seller ( or buyer for that mater) is a huge issue for American businesses so I can't see this being a quick burner.

 

[The Esk]

Just gone through a due diligence process that lasted nearly six solid months on a relatively simple acquisition between companies either side of the Atlantic. Legal compliance and clarity of performance on anything that may trip up a seller ( or buyer for that mater) is a huge issue for American businesses so I can't see this being a quick burner.

It's interesting mate, I would have thought due diligence in a football club is a relatively simple affair. Why? Because anyone familiar with the industry would understand the regulated nature of much of the business - effectively centralised contracts in terms of broadcasting revenues, relatively few employees with fairly standard contracts, small number of assets, no IP considerations, simple debt structures, standardised licensing of brand and image rights....

I've seen DD take as little as 7 days (my most recent business) and as you say up to 6 months, in the case of a football club I'd consider 4-6 weeks as being ample time.

We will see!

 

[orly]

Lads don't tell anyone but I've just submitted a cracking bid for us.

 

[Jxg]

Assume for a moment there are interested parties.

There are two issues outstanding which are intrinsically linked and one of them is timing.

Timing in the sense that there appears to be no certainty as to the issue of the stadium, WHP, another site?, redevelopment of Goodison, degree of support from LCC and any other funding bodies. All of this affects the price a buyer is prepared to offer for the equity. A clear pathway for stadium resolution and you'd expect the price of the equity to increase.

Until the stadium issue is clear to potential purchasers/investors then the issue of price cannot be considered.

I'm not taking about an actual price.

I'm talking about how the Echo would be at FSG's throats if the shoe was on the other foot.

 

[bluestevon]

Another thing to mull over, how would the kc group know about other parties depth of involvement, one theory, if it was the hunt family, the kc group bought their football team from them so maybe they have at least a communication line between each other...

 

[evertony]

It's interesting mate, I would have thought due diligence in a football club is a relatively simple affair. Why? Because anyone familiar with the industry would understand the regulated nature of much of the business - effectively centralised contracts in terms of broadcasting revenues, relatively few employees with fairly standard contracts, small number of assets, no IP considerations, simple debt structures, standardised licensing of brand and image rights....

I've seen DD take as little as 7 days (my most recent business) and as you say up to 6 months, in the case of a football club I'd consider 4-6 weeks as being ample time.

We will see!

I would have thought the number of shareholders, albeit many are minority ones and the obvious issues related to the stadium and LCC's controlling hand in that respect might be a cause for concern for an American business. Similarly, I'd hazard a guess that's players contracts are a lot more complicated than normal employee contracts on the basis that they are highly individual and have been 'driven' by materialistic and often unscrupulous agents, and the fact that some of those contracts may well have been drafted in desperation at short notice during transfer windows. Add to that the precarious nature of potential injuries to the key assets of a Club (the playing staff), and the huge television rights contracts in place I personally think DD would be more focused and therefore lengthy than not. Either way, my biggest hope is for a person or persons with more than just a desire to turn a dollar. I'd love us to get a real strategist with a knowledge of Everton and it's unique character and a desire to make us the biggest draw in football again.....in my own fantasy world I'd love them to give Roberto a long term deal with a mandate to bring in just a couple or three top, top players and to build around some of the awesome youngsters we currently have.
All makes for really exciting times hopefully.

 

[Tim's tourettes]

Just doesn't sound right...... "I'm not buying the club but there's two other interested parties"...."I'm sure it will get sorted soon", this unusual volunteering of information has the unmistakable smell of Kenwright's nether regions about it.
At the AGM they'll just need to repeat that they're seeking a buyer and are not at liberty to discuss any current interest for obvious reasons.....Everyone's happy until this time next year.

I am thinking lavender with a hint of the boy's pen, correct?

 

[The Esk]

Either way, my biggest hope is for a person or persons with more than just a desire to turn a dollar. I'd love us to get a real strategist with a knowledge of Everton and it's unique character and a desire to make us the biggest draw in football again.....in my own fantasy world I'd love them to give Roberto a long term deal with a mandate to bring in just a couple or three top, top players and to build around some of the awesome youngsters we currently have.
All makes for really exciting times hopefully.

100% agree with is mate !

 

[Chang Elephant]

I am thinking lavender with a hint of the boy's pen, correct?

Which boy's pen ?

 

[Woolly Blue]

Just gone through a due diligence process that lasted nearly six solid months on a relatively simple acquisition between companies either side of the Atlantic. Legal compliance and clarity of performance on anything that may trip up a seller ( or buyer for that mater) is a huge issue for American businesses so I can't see this being a quick burner.

Bit surprised at that. I've recently done some work for a UK firm who, "in theory", took over a big US company who are big hitters in the downstream oil business and, I think, DD took about 4 months

I say "in theory" because although it was theoretically a takeover of a US company by a Brit company in reality it was more of a merger and due diligence was carried out on both sides. Can't argue with what you're saying that, each case is different and it may well be that, paradoxically, because quoted companies are subject to stricter controls that DD is somewhat simpler than it is for private companies.

Anyway, I'm wittering. Time will tell on this and we'll know sooner or later.

 

[evertony]

Bit surprised at that. I've recently done some work for a UK firm who, "in theory", took over a big US company who are big hitters in the downstream oil business and, I think, DD took about 4 months

I say "in theory" because although it was theoretically a takeover of a US company by a Brit company in reality it was more of a merger and due diligence was carried out on both sides. Can't argue with what you're saying that, each case is different and it may well be that, paradoxically, because quoted companies are subject to stricter controls that DD is somewhat simpler than it is for private companies.

Anyway, I'm wittering. Time will tell on this and we'll know sooner or later.

Strangely this was an NYSE quoted Company acquiring a family business.