Latest Takeover Rumour. The Moores / Noell one

[billytoffee]

I was informed last week Chinese ready to make an offer.

Free Set meal B for everyone on GOT !!!

 

[chazzle_dazzle]

Getting boring now - just want news one way or another really.

These yanks get off and we enter another "exclusivity agreement" with someone else... FML.

 

[USABlue]

Oh well, that rules out any Chinese investment.

going to have to wait to buy your spring rolls til after the match

 

[njligernj]

I find it tragic our " takeovers " are poured over by forum members inch by inch, like crackheads snorting the carpet for any little hit.

Almost as bad as the forum members whose sole contribution to any thread is to come in, demean the subject and those discussing it and then leave without adding any value whatsoever. Those are surely by far the most tragic people here eh Bry?

 

[Joey66]

The takeover if done will be done the Everton way!

 

[weltonblue]

The takeover if done will be done the Everton way!

What.... In the back of a taxi?

 

[Callum_efc]

I was informed last week Chinese ready to make an offer.

offer or order?

 

[Reidy's Bottle Of Grecian]

Elton welsby says on back burner 'til today is over with

 

[ijjysmith]

Getting boring now - just want news one way or another really.

These yanks get off and we enter another "exclusivity agreement" with someone else... FML.

The exact problem with modern football fans right there.

Sorry mate.

 

[Foot Long Hot Dog]

Elton welsby says on back burner 'til today is over with

Or in other words he was talking out his pipe last night.

 

[Coffee and TV]

Elton Welsby says on back burner 'til today is over with

Elton Welsby trying to revive his career by becoming a twitter ITK

 

[Foot Long Hot Dog]

Elton Welsby trying to revive his career by becoming a twitter ITK

More like he's back on the ale.

 

[Chang Elephant]

Next stage is they make an offer.

Or file a report with the police

 

[bizzaro]

OK, either they get private equity into a stadium vehicle (which is what I'm talking about), or they get additional investors into a consortium to buy the club and build a stadium themselves (and I don't disagree with @The Esk in terms of the numbers not adding up either way without grants), but in neither of these scenarios would a NYSE float be the best route. Even the basic requirements

"To be listed a company must have more than 2,200 shareholders and an average daily trading volume of at least 100,000 shares. Generally, the company must have a total capitalization of at least $750 million or pre-tax earnings of more than $10 million."

would be problematic.

@The Esk @mikewex would you correct me if my understanding of REIT in Ireland is incorrect, but any REIT registered there has to have a minimum of 3 properties in it's portfolio within 3 years with no property being worth over 40% of the portfolio value, so presumably you guys are either talking about developing and then selling to an existing large REIT, or developing it through the vehicle (is this permissable?).
So in effect, the stadium would have to stand on it's own merits as an investment (which on gate receipts it won't).
So does this not leave the only option as substantial capital injection post takeover in order to make the external funding required affordable and doing it in-house.
Or am I being incredibly dense?

You are totally correct mate.

It makes no sense for any new owners to have the stadium as a stand alone investment, even if the regulations permitted.

A new stadium has to be owned by the vehicle that owns Everton, the football club - the value lies in a profitable football club (through gate receipts, sponsorship revenue, and commercial revenues) plus the added NAV of a new stadium.

Personally I believe the same could be achieved at less cost with a redeveloped Goodison.

OK. I think we are getting somewhere now.

@The Esk thinks that any US based consortium will be based in Delaware and will be a strictly Private Equity type-investment.

I think the stadium is priority 1 - and disagree with ESK in that the stadium is key and linked to commercial revenues and sponsorship. We cannot improve the latter without the former.

No NYSE type-investment (UNLESS any private equity is themselves already on NYSE).

Seeing as @hibbo'sclass (a contradiction in terms) indicates that REIT can only be used for property developments (that are standalone)

The US consortium will be private equity based.

This worries me in that I do not think they have sufficient funds to address the stadium. This means without adequate and yet undefined underwriters - that they want LCC handout which will not happen.

The Chinese rumours worry me in that they have zero transparency.

This is not good. Not good. Need more information.

 

[Moomin]

OK. I think we are getting somewhere now.

@The Esk thinks that any US based consortium will be based in Delaware and will be a strictly Private Equity type-investment.

I think the stadium is priority 1 - and disagree with ESK in that the stadium is key and linked to commercial revenues and sponsorship. We cannot improve the latter without the former.

No NYSE type-investment (UNLESS any private equity is themselves already on NYSE).

Seeing as @hibbo'sclass (a contradiction in terms) indicates that REIT can only be used for property developments (that are standalone)

The US consortium will be private equity based.

This worries me in that I do not think they have sufficient funds to address the stadium. This means without adequate and yet undefined underwriters - that they want LCC handout which will not happen.

The Chinese rumours worry me in that they have zero transparency.

This is not good. Not good. Need more information.

Just when transfer deadline day was going a bit flat, he comes back.