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Oh matt
Hes got up Jim, hes actually got up.
EVERTON LINKED WITH CHINESE TAKEOVER
31st Jan 2016 North West
A Chinese consortium has been linked with a takeover for Everton FC should a potential deal with US investors fall through.
Insider reported in December that a consortium comprising John J Moores, Charles Noell and their partners had been granted a period of exclusivity to examine Everton's finances by current co-owner Bill Kenwright ahead of a £200m deal.
But the Sunday Times has today (31 January 2016) claimed that an unnamed Chinese group is ready to step in should an agreement not be reached. The consortium are described as "very serious bidders".
The potential tie up comes less than two months after the parent of fellow Premier League side Manchester City agreed a transaction with Chinese investors.
The investors in City Football Group are led by media, entertainment, sports and internet-dedicated investment and operating company CMC (China Media Capital) Holdings.
The club said that the deal, for a 13 per cent stake, would create an unprecedented platform for the growth of CFG clubs and companies in China and internationally, borne out of CFG's ability to provide a wealth of industry expertise and resources to the rapidly developing Chinese football industry.
im constantly amazed that people pretend to know stuff on the internet to increase their ego,bit upsetting tbh..
I'll be honest, Esk has turned me on here.Pfft, I do that all the time.
NEA
Anyway, we should try to stop laughing at Matt and get back on topic.
No great rush though, tomorrow will do.
I doubt there'll be any public stock if Moores and Noell acquire Everton.
For a start we do not meet the listing requirements for NYSE - we are just too small a business.
Most likely they will have a holding company in somewhere like Delaware with themselves, other direct investors and fund investors holding stock. There will then be a UK operating company sitting underneath and depending upon the lending required separate companies holding "the stadium", gate and commercial receipts, and broadcasting revenues.