Latest Takeover Rumour. The Moores / Noell one

[FisherEFC]

If anyone will be bought by the Chinese it will be the kopites sadly. Play in red, got the name of the city for the brand and already have a large following in Asia.

I've always thought the only 2 options for a foreign takeover would be American investors or a Russian billionaire wanting a plaything. For me Asian tycoons and Arab royals were always a pipe dream. Tbh don't think these guys will offer much to us unless there are rich businessmen in the consortium, Moores and Noell having links to horse racing and UK/Ireland is a positive as their are potential rich members of said consortium possibly from there.

 

[KUEFC09U2]

According to Derek Hatton,Keith Harris has flown to the states(without Orville) on our behalf to tie up the takeover,this is the same Harris that recommended we sell to a fella in a bedsit,
What could go wrong?
Absolute joke.

Why would we have to fly someone out to finalise the deal? Surely the deal would be completed over here? That either sounds like total BS or shows that if they can't even be bothered coming over to tie up a deal then what hope do we have of them showing up at an actual game?

 

[hibbo'sclass]

Yes at 90% without recourse to the Courts. At 75% with agreement from the High Court.

The caveat being that if the shareholders do not believe the price offered to be fair, they can go to court to have the offer set aside/amended

 

[hibbo'sclass]

Can anyone point me to a quality primer re corporate buyouts / takeovers under British law and/or BPL & FA requirements? I know vaguely (from reading of Kroenke's buyin / buyout of Arsenal a few years ago) that there are different thresholds that place different requirements on the new owner. I spend most of my quality time on American healthcare law and would love something different to read!

Thx, David

Apples and pears mate -Arsenal is a traded plc, EFC ain't.
Look back over last few pages and the important shareholding thresholds are 75 and 90 percent in a private company takeover if the aim is 100% ownership and check out @The Esk threadmark on this thread.

 

[Darth Vader]

He's only worth 500m

LOL

 

[Bungle]

Not offended in the slightest mate. And I reckon Bungle would say the same.

Pardon?

 

[The Esk]

Can anyone point me to a quality primer re corporate buyouts / takeovers under British law and/or BPL & FA requirements? I know vaguely (from reading of Kroenke's buyin / buyout of Arsenal a few years ago) that there are different thresholds that place different requirements on the new owner. I spend most of my quality time on American healthcare law and would love something different to read!

Thx, David

You might want to read this, relating specifically to acquisition of UK private companies:

GUIDE

Premier league rulebook :

HERE

 

[MrPerfectNot]

Apples and pears mate -Arsenal is a traded plc, EFC ain't.
Look back over last few pages and the important shareholding thresholds are 75 and 90 percent in a private company and check out @The Esk threadmark on this thread.

Thanks - I'll do so.

 

[MrPerfectNot]

You might want to read this, relating specifically to acquisition of UK private companies:

GUIDE

Premier league rulebook :

HERE

Thanks for the links - I'll sip a beer this evening and peruse.

 

[magicjuan]

This will probably go against the grain for most, but, all I want is to still be Everton FC at the end of it all.

Lose the identity and there's no point. Everything else is garnish...

 

[TheFinnFan]

Who has ordered redevelopment surveys? Everton or potential new owner?

 

[Toffeeslam]

He's only worth 500m

LOL

Wasn't that some 10 years ago ?

I think he is worth more than double that and the same with Charles Noelle I think

Happy to be corrected though

 

[matty1878]

This will probably go against the grain for most, but, all I want is to still be Everton FC at the end of it all.

Lose the identity and there's no point. Everything else is garnish...

Man city fans probably don't care mate for what success they've bought!

 

[SerenityNigh]

I think it is particularly relevant. I can't believe new owners will go to the expense and hassle of issuing new shares after acquiring a majority holding and then significantly invest themselves. Far cleaner to acquire all the shares in the first instance and then recapitalise the wholly owned business.

If they just retain a majority interest it suggests strongly to me that future capital will come from debt sources not equity.

No doubt rules in US and UK are different, but even if they controlled 51% of the shares would they not have complete control over the club? In the US, 51% control would protect any private equity that enters the club; it should only dilute your tax benefits.

 

[ilikecheese]

Who has ordered redevelopment surveys? Everton or potential new owner?

Everton Football Club according to @Sapie88