Latest Takeover Rumour. The Moores / Noell one

[Blue_Berry]

Which would completely go against all Bill Kenwright's assurances that the next buyer would be the right buyer. There's an advert on this page for the Orient Express, saying "Board this iconic train and embark on a legendary journey." I think it might be the Leyton Orient Express.

It would make no sense - at least to no-one but the sellers. The 3 key board members acquired their shares, allegedly, for a cost of roughly £25 million. So a private sale for nearly 10 times that is a great return for them, but would go completely against everything that has been said about selling in the club's best interests. Many have commented over the years on here that this is all the current board have been holding out for, and I was not personally convinced that was what they were about. A £200 million price tag must surely cover other terms and conditions around debt, investment, stadium - otherwise it would be the biggest sell-out against fans and in particular minority shareholders that could be imagined, and the 3 would surely know they'd be lynched. On the one hand it's inconceivable, on the other it would prove all our worst fears about the true objectives of this board.

 

[hibbo'sclass]

I'm looking at this simplistically.
If the Board + Grantchester or the Board + Abercromby+Estate of Sir PC are in favour of this, then scheme of arrangement is a possibility and saves a load of grief.
If none of the 3 shareholders aforementioned are in favour, 90% can never be achieved without repeated issues of new shares, and even that is predicated on the 3 shareholders not taking them up.
Seems strange that reports seem to be that only the 3 board members/major shareholders are involved, if it were me and I had the money I'd want 100% immediately.
With regard to an EGM, without the backing of Grantchester et al what is the likelihood of getting the10% to call one? What % do EFCSA represent for instance.
Just thinking out loud here.

 

[mmmmsnouts]

Sorry my error. £200 million not dollars.

Cheers sir. Continue mass hysteria!

 

[AaronTheBlue]

i'm fine with the takeover, gotta take a chance and we've been waiting for years.

Cant be worse than what we've got.

 

[JustOpp]

This is a fun story that shows some of the good and the bad of Moores in San Diego.

As Brown threw his warmup pitches in the bottom of the first inning, the Beatles' "Can't Buy Me Love" blared from the sound system. Pink Floyd's "Money" led off the bottom of the fourth.

The Beatles tune was played at the suggestion of owner John Moores, who offered $60 million over six years in an attempt to keep Brown, the hired gun whose intensity rubbed off on the Padres last year.

Brown, of course, snubbed that offer and became baseball's first $100 million man, getting $105 million over seven years from the Dodgers.

"I hope we clean his clock," Moores said in the Padres dugout before the game. "That's what we're supposed to do."

http://amarillo.com/stories/1999/04/18/spo_LS0430.001.shtml#.Vrk3jmQrIdA

 

[AaronTheBlue]

personally not going to read anything about them from their past, only interested in what they do with EFC

 

[Tubey]

i'm fine with the takeover, gotta take a chance and we've been waiting for years.

Cant be worse than what we've got.

This.

Although we could and should have done better I feel. I don't trust the Yanks with football in any way, terrible track record.

 

[AaronTheBlue]

This.

Although we could and should have done better I feel. I don't trust the Yanks with football in any way, terrible track record.

i'd be worried too if it wasnt a consortium, with people from europe / england as well who are apparently on this consortium.

Think they'll leave the club pretty much the same foundations, but with more of a business plan etc.

 

[Tubey]

i'd be worried too if it wasnt a consortium, with people from europe / england as well who are apparently on this consortium.

Think they'll leave the club pretty much the same foundations, but with more of a business plan etc.

Well they're buying private shares, not the whole club, so they can't totally gut it. Basically the same restrictions Kenwright had.

On the flipside they can't really do much either.

I'm suspicious of their motives, as I don't think they're rich enough to compete at a level beyond where we are now, but that said they can't exactly asset strip us, as we have few assets.

Just confusing. I thought it'd be a full board takeover from a consortium of whoever would pay what Bill wanted, or an oil tycoon on a whim. This seems to be neither.

 

[kithnou]

i'm fine with the takeover, gotta take a chance and we've been waiting for years.

Cant be worse than what we've got.

With you mate. No guarantee these guys will be our long term game changers, but we really can't get much worse than those we have now can we?

 

[JustOpp]

personally not going to read anything about them from their past, only interested in what they do with EFC

It is a bit futile in this instance. His ownership was as average as possible without being mediocre in the slightest. It's bizarre. For everything good he did, he did something equally dumb or shady.

 

[FTY]

What's going on then???

 

[USABlue]

What's going on then???

apparently on track to be taken over within a fortnight, lots of speculation over their plans for the club (as atm no one knows what they are)

 

[kithnou]

apparently on track to be taken over within a fortnight, lots of speculation over their plans for the club (as atm no one knows what they are)

Get onto it lazy. If they were an Australian pair I would be out there night and day finding out for my fellow Blues. Lazy Americans. Sheesh...

 

[AaronTheBlue]

you'll find out what there plans are when they come out and say to be fair, it's a bit harsh being angry at not knowing what they want to do when they haven't signed the dotted line to purchase us yet.

And i do feel the way we have been taken over is for a far less shady reason then it seems.