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John Textor

I wouldn't think an IPO would be a quick process?
The billion plus figure would be based on a fully subscribed allocation right? Surely a figure that high would be based on corporate investment, and not retail.
Then the issue of the securities and rubber stamping etc. Might be a little while to go yet.
 

I wouldn't think an IPO would be a quick process?
The billion plus figure would be based on a fully subscribed allocation right? Surely a figure that high would be based on corporate investment, and not retail.
Then the issue of the securities and rubber stamping etc. Might be a little while to go yet.

It will probably take a few months depending on how far along they are now.

There is some confusion here, even our intrepid financial blogger is mistaken.

A $2.3B valuation means the assets are valued at that number. That is not the value of his shares.

The value of his shares is the $2.3B minus total debt (Assets = Debt + Equity). We don't know the debt number but it will be disclosed when the prospectus is released.

He's looking to raise $500 million by selling shares.
 
It will probably take a few months depending on how far along they are now.

There is some confusion here, even our intrepid financial blogger is mistaken.

A $2.3B valuation means the assets are valued at that number. That is not the value of his shares.

The value of his shares is the $2.3B minus total debt (Assets = Debt + Equity). We don't know the debt number but it will be disclosed when the prospectus is released.

He's looking to raise $500 million by selling shares.
Selling shares in a business you don't own , I'm sure I've heard that come up in fraud cases
 
John Textor has opened talks with prospective investors in Everton as he looks to buy the club from Farhad Moshiri, Sky News reports.

According to the outlet’s website on 26 August the American has received interest in providing a cash injection of £150million according to “banking sources
So Moshiri looking to con another prospective buyer.
 

Ross has spoken lads. It’s off

IMG_6003.webp
 

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