Everton takeover rumours

[Eggs]

.....for whatever reason I hope a sale isn't being rushed through, it's very important that whoever purchases the club does so with the very best intention. The timing is right, the buyer has to be right.

 

[TheOldLady]

.....for whatever reason I hope a sale isn't being rushed through, it's very important that whoever purchases the club does so with the very best intention. The timing is right, the buyer has to be right.

Just get anyone in lad

Just need a change in it

 

[The Esk]

I leave myself open to being shot down in flames, but my understanding was that the alleged 225 million price tag was based on 100% share acquisition including paying off debts, so in a scenario of say 60 mil debt, the cash price would be 165 mil.

Finch Farm re-purchase would have to be negotiated with the owners, who are the Trustees of the LCC workers' pension fund, so if they were preared to sell and given that they would be required to make a profit and pay penalties, if the original cost to them were 12mil, I would imagine that you would get change from 15mil.
The ground as you say has many variables, in addition to those listed also the availability of grants and funding depending on where it's built.
The funding for the ground is, in my opinion, a potentially thorny issue. There are four possibilities in my mind.
1. Interest bearing loan from the new owners.
2. Rights issue of 1 for 1 based on a debt free valuation of 225 million
3.A mixture of 1 and 2
4. Partial funding by 2 plus an external bank mortgage.

Just some musings.

Agree with your comments on the ground funding options mate.

A party acquiring the equity is not necessarily obliged to pay off all the debts at the time of purchase. Unless there is a change of ownership clause in any of the loan agreements the acquirer could continue with the existing debt and existing repayment terms.

So if the price of acquiring the equity is £225 million, that means the £225 million goes to the shareholders not the club or Company, nor the debt providers.

 

[roydo]

Finch Farm re-purchase

No idea where this has come from.

But pension funds, or more accurately the investment managers and actuaries who run them, rarely sell a property asset. Unless they have to, either due to liquidity issues within the fund, which happens from time to time, or liability matching instructions.

 

[bluemangroup]

Just get anyone in lad

Just need a change in it

No. No we don't.

 

[TheOldLady]

No. No we don't.

Need to freshen the place up G

Like getting a new carpet

Any new face will do

 

[neil999]

Need to freshen the place up G

Like getting a new carpet

Any new face will do

haha, is @bluemangroup known as 'g' now?

hi g

 

[bluemangroup]

Need to freshen the place up G

Like getting a new carpet

Any new face will do

One of the few benefits of having mediocre but long serving owners is stability. Plenty of clubs have found investment and had money pumped into them but then investors expect results. Our secret has been that we aren't chopping and changing managers as soon as we hit rough patches and it allows managers a chance to build on the field in their image. So maybe off field things are a bit crap, but it's served us reasonably on the pitch imo. Slapdash, as @Eggs says, isn't the way to do this.

 

[TheOldLady]

One of the few benefits of having mediocre but long serving owners is stability. Plenty of clubs have found investment and had money pumped into them but then investors expect results. Our secret has been that we aren't chopping and changing managers as soon as we hit rough patches and it allows managers a chance to build on the field in their image. So maybe off field things are a bit crap, but it's served us reasonably on the pitch imo. Slapdash, as @Eggs says, isn't the way to do this.

Clap Clap Clap

 

[hibbo'sclass]

Agree with your comments on the ground funding options mate.

A party acquiring the equity is not necessarily obliged to pay off all the debts at the time of purchase. Unless there is a change of ownership clause in any of the loan agreements the acquirer could continue with the existing debt and existing repayment terms.

So if the price of acquiring the equity is £225 million, that means the £225 million goes to the shareholders not the club or Company, nor the debt providers.

Sorry, my assumption was based on 225mil being the pre debt valuation.
If that is the sale price, it's valuing the shares £6428.58p each.
Do you think this is realistic or that the 225mil mentioned is wildly inaccurate?

 

[bluemangroup]

Clap Clap Clap

Dead eloquent that mate. Thank you for taking the time.

 

[TheOldLady]

Dead eloquent that mate. Thank you for taking the time.

Sad that your happy with the current board

Your what's wrong with our club

 

[hibbo'sclass]

No idea where this has come from.

But pension funds, or more accurately the investment managers and actuaries who run them, rarely sell a property asset. Unless they have to, either due to liquidity issues within the fund, which happens from time to time, or liability matching instructions.

Was only trying to quantify the original poster's question re costs in fairness.

Consider myself castigated.

 

[FTY]

Clap Clap Clap

Hi mate.

 

[roydo]

Was only trying to quantify the original poster's question re costs in fairness.

Consider myself castigated.

Soz mate. Not a dig.