Latest Takeover Rumour. The Moores / Noell one

[dodger]

Spoiler: First impressions of the new Sefton stadium

Looks like the stand at Fords, Cronton?!
That'd be more 'woolish' than playing in Sefton

 

[The Esk]

Looks like the stand at Fords, Cronton?!
That'd be more 'woolish' than playing in Sefton

Even more woolish : Truro City's Treyew Road.

 

[dodger]

Even more woolish : Truro City's Treyew Road.

Cant say I've played there, by the looks of things its looks like it'd hurt more getting dumped out of play by a full back there more so than the gravel at Goodison

 

[mmmmsnouts]

Spoiler: First impressions of the new Sefton stadium

Not sure we can afford this tbh

 

[SerenityNigh]

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.

With you except for that bit. They could spend another £300M on transfers and still get it wrong if they haven't worked out their managment/system/philosophy.

 

[SerenityNigh]

Even more woolish : Truro City's Treyew Road.

TreeYew?

 

[madkiwi]

So have these guys got the money to get the ball rolling or not?

 

[SPOTTER]

Aberystw

Looks like the stand at Fords, Cronton?!
That'd be more 'woolish' than playing in Sefton

Aberystwyth?that is woolish

 

[MrGrumpy]

Don't think this will happen till Tuesday, so they don't have to spend

 

[harris78]

Don't think this will happen till Tuesday, so they don't have to spend

Look on the bright side fella, they can not sell either

 

[The Esk]

With you except for that bit. They could spend another £300M on transfers and still get it wrong if they haven't worked out their managment/system/philosophy.

Well, I would argue that United would not have had to sell Ronaldo for £80 million in 2009, nor indeed would Everton have had to sell Rooney had it not been for their respective debt positions.

Equally there has to be an assumption that the excess capital in the business would be used equally efficiently as the post debt capital has been used. It's almost impossible to assume that the total loss on interest and debt repayments over many years would be replicated in player trading had the capital remained in the business.

 

[JustOpp]

If this actually happens, I pray these two guys have the wisdom to bring in intelligent football people to advise them on football matters. Their success as owners will be directly correlated to that decision and little else.

 

[mlyons]

Well, I would argue that United would not have had to sell Ronaldo for £80 million in 2009, nor indeed would Everton have had to sell Rooney had it not been for their respective debt positions.

Equally there has to be an assumption that the excess capital in the business would be used equally efficiently as the post debt capital has been used. It's almost impossible to assume that the total loss on interest and debt repayments over many years would be replicated in player trading had the capital remained in the business.

You could also argue that United wouldn't have seen the explosive growth in commercial revenue they've had since the Glazers took over if they hadn't had such business-savvy owners. The bottom line is they're more successful financially now (even taking into account the debt financing) than they were before the leveraged takeover. You can argue that they were in a far different situation before their takeover than we are now, and I certainly wouldn't disagree, but the bottom line is that the best way for an owner to make money off a football club is to make the club as successful as possible. Leveraged buyouts sound really scary, but one of the things people don't really think about with them is that they can only make money for the new owners if the company does well financially. If the company loses money, a leveraged buyout means the owner's losses are magnified exponentially. No one with any track record of financial success would try for a leveraged buyout unless they were very certain of the new company's potential profits.

 

[chicoazul]

You could also argue that United wouldn't have seen the explosive growth in commercial revenue they've had since the Glazers took over if they hadn't had such business-savvy owners. The bottom line is they're more successful financially now (even taking into account the debt financing) than they were before the leveraged takeover. You can argue that they were in a far different situation before their takeover than we are now, and I certainly wouldn't disagree, but the bottom line is that the best way for an owner to make money off a football club is to make the club as successful as possible. Leveraged buyouts sound really scary, but one of the things people don't really think about with them is that they can only make money for the new owners if the company does well financially. If the company loses money, a leveraged buyout means the owner's losses are magnified exponentially. No one with any track record of financial success would try for a leveraged buyout unless they were very certain of the new company's potential profits.

You could also argue quite easily that you chat utter pipe.

 

[mlyons]

You could also argue quite easily that you chat utter pipe.

I'm pretty sure you couldn't, at the least.