Latest Takeover Rumour. The Moores / Noell one

[The Esk]

Probably why they have been looking around for handouts from the local Goverment. They haven't got the money to fund it, that's why they're all still fuming their Kirkby pay day got squashed.

Think all parties including the city council have been looking for "hand-outs" which just don't exist or are not attractive enough.

Hence no movement forward.

 

[Verbal Kint]

The commonwealth games must be due a visit to Liverpool??

Our only hope perhaps

 

[TheCount]

I suspect it is the biggest issue mate.

It's difficult to see how revenues can be increased with Goodison in its current condition therefore either a new stadium or a redeveloped Goodison is required.

Revenue has increased dramatically due to TV money. Do you think this is something that will continue?

If so, does it make selling tickets at the ground less and less important?

Nice to move on as a business in spite of the lack of business acumen from the board. At least the guys selling the Premier League know what they are doing.

 

[ijjysmith]

The commonwealth games must be due a visit to Liverpool??

Our only hope perhaps

I've thought this in the past. Oh who are we kidding. The Rs would get the stadium and we all know it.

 

[kithnou]

I've thought this in the past. Oh who are we kidding. The Rs would get the stadium and we all know it.

Great. They would be renovating our new one as we speak then.

 

[The Esk]

Revenue has increased dramatically due to TV money. Do you think this is something that will continue?

If so, does it make selling tickets at the ground less and less important?

Nice to move on as a business in spite of the lack of business acumen from the board. At least the guys selling the Premier League know what they are doing.

As you know tv revenues for the next 5 years are increasing by around 60%, difficult to see revenues falling after the 5 year deal is completed given the continuous growth of overseas markets.

The big differentiators though are CL qualification, and sponsorship/commercial incomes, this is where the biggest clubs just move away from us.

We need to generate those revenues to compete on the pitch. In my opinion we require a new stadium/redeveloped Goodison and a completely new management team to bring about a change in our commercial performance.

 

[deipnosophist]

The club would probably be more valuable with a new stadium but how is it to be funded?

By issuing new shares or debt? Both solutions mark down the value of each individual Everton share unless there's a massive increase in revenues arising from the new stadium. Every model suggests this is not the case.

But the corollary to either funding avenue is a shining new asset worth exactly the same as the extra claims imposed on the company, so wouldn't original share values be unchanged ?
eg if I had a 100 shares and assets of $100 and I then borrowed $100 to buy a fixed asset , my share value is still $1.

 

[The Esk]

But the corollary to either funding avenue is a shining new asset worth exactly the same as the extra claims imposed on the company, so wouldn't original share values be unchanged ?
eg if I had a 100 shares and assets of $100 and I then borrowed $100 to buy a fixed asset , my share value is still $1.

If you borrowed the $100 and then had to pay interest on the borrowings which would probably not cover the income generated by the asset* then the value of your share would fall.

*Re the stadium, all models show a stadium totally funded by debt would be cash negative (assuming 100% funding was available which is extremely unlikely).

 

[D410]

Since the Times article before Xmas it's amazing how quiet things have been, I'd imagine the 6 week period is almost up, the only rumblings have been on forums such as this, all I can gather from that is nothing seems to be in the pipeline. We all know Newspapers like to fill the column inches with absolute drivel so the fact they have absolutely nothing to say about interest makes me think nothing is remotely close to happening. Perhaps I'm just reading into this to much.

What is clear is we are the 18th highest revenue making machine in world football, and considering we outsource nearly everything I refuse to believe we are not an attractive proposition for a wealthy businessman.

"Price" and "Circumstances". The problem is the people whom are trying to sell the club which should have been taken out of there hands a long time ago when it came to the sale of the club.

 

[hallamblue]

Middle

"Price" and "Circumstances". The problem is the people whom are trying to sell the club which should have been taken out of there hands a long time ago when it came to the sale of the club.

But who is trying to sell the club? Kenwright says he wants to sell but he owns about 25% of the club. I'm not convinced that the club is for sale, except if somebody made an offer that was impossible to refuse.

 

[deipnosophist]

If you borrowed the $100 and then had to pay interest on the borrowings which would probably not cover the income generated by the asset* then the value of your share would fall.

*Re the stadium, all models show a stadium totally funded by debt would be cash negative (assuming 100% funding was available which is extremely unlikely).

Yes, I understand that, but I was taking for a given that the income produced by the asset would net cash positive...else why would you undertake the project/investment in the first place? And even were the project totally equity funded, the inherent opportunity cost of equity monies (ie some margin at (or over) the IRR hurdle rate) would have to be bettered. If the new stadium doesn't generate income to effect such, why would you contemplate the investment in the first place?

 

[Watch this space]

Via twitter

Watched Toffee ‏@WatchedToffee 3m3 minutes ago
A meeting is scheduled for today between the club and the Americans. Whether it goes ahead remains to be seen. Deal resurrection?

 

[D410]

Middle

But who is trying to sell the club? Kenwright says he wants to sell but he owns about 25% of the club. I'm not convinced that the club is for sale, except if somebody made an offer that was impossible to refuse.

Well the chatter in certain social media corners has been raised a few notches today we can only hope that someone will prize the club out of the owners fingers and the long reach of those with "vested interests".

 

[TheCount]

As you know tv revenues for the next 5 years are increasing by around 60%, difficult to see revenues falling after the 5 year deal is completed given the continuous growth of overseas markets.

The big differentiators though are CL qualification, and sponsorship/commercial incomes, this is where the biggest clubs just move away from us.

We need to generate those revenues to compete on the pitch. In my opinion we require a new stadium/redeveloped Goodison and a completely new management team to bring about a change in our commercial performance.

Can we achieve Champions League Qualification and increased commercial / sponsorship growth without a new stadium?

Agree 100% on the management team and a new stadium would be great. Just seems so far off.

Wouldn't Champions League Qualification = increased commercial / sponsorship growth?

 

[hallamblue]

Well the chatter in certain social media corners has been raised a few notches today we can only hope that someone will prize the club out of the owners fingers and the long reach of those with "vested interests".

It depends who the "someone is". If it's some Americans who want to make money, introduce a transfer committee, change managers every season and try and bring moneyball to football I'd rather stick with what we have thanks.