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Latest Takeover Rumour. The Moores / Noell one

Are you For or Against the idea of the possible Moores / Noell takeover ?

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Woolly Blue said:
Lads

LADS

LADS

Take the moneyball talk elsewhere. People are logging on to GOT to, among other things, find out what, if anything is happening on the rumoured takeover.
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I'm going to go out on a limb here boss and reckon they don't heed the warning.

If something is going to happen I think it will be after the transfer deadline. Can't see new owners coming in and splashing the cash straight away, it they had half a brain (like myself) I wouldn't be handing Roberto a wad of cash before I evaluated the club from top to bottom.
 

njligernj said:
Oh I agree. It's a terrible plan from our perspective as fans. I'm merely looking at it from a business perspective. Yes relegation is a risk but business is managing risk. That risk is acceptable given the risk/reward ratio so that plan makes the most sense of any plan on the table. I am not ITK I'm just looking at it from an un-emotional investment standpoint: by FAR the most likely plan is the one I have outlined.
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If that were actually the best way to make money off a football club, why do so few clubs do anything like that?
 
njligernj said:
Why do you say that? We only don't have enough if we continue to spend competitively.

Again, napkin math, but if you sold to Prem teams, bought from non-Prem teams (where your PL money puts you above all but a handful of teams) and just aimed for mid-table we'd easily be able to siphon 10-20m from the current deal to service the debt. Plus selling some of our 50m assets and not replacing them of course. Loads of money.

We can't do what Man U did -- service debt and spend hundreds of millions on players. Of course not. But what do they care about making the CL?

It's free money. Everton has millions just lying around our current board has never been smart or engaged enough to leverage. We've all said it for years. We said it under the impression that if we leveraged our assets better we'd have more money to buy players; you can't be surprised when someone finally shows up and starts picking up the money for themselves instead.
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Of course the current Board have leveraged off the assets the club once owned. Everything the club has owned has either been sold, out-sourced or used as security against debt - this Board are experts at the leverage game.

The danger is that new owners leverage their purchase against future income, thereby denying the club the opportunity to invest all its income in the development of the squad, stadium, academy and commercial activities.

United have succeeded despite their debt - they've spent over £700 million on debt repayments but still owe £411 million. How much more success would they have had as a club (and added to their net asset value) had they not had such a debt burden.

Perish the thought that Everton end up even in a "light" version of United's business model.
 


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