Latest Takeover Rumour. The Moores / Noell one

[davids]

Because without pumping money in and the club having to stagnate during the period surrounding his divorce the quality of the playing staff diminished mate, happens a lot in the cyclic nature of American sports anyway - especially after a team does well for a few years - the draft sees to that

I'll bow to your knowledge of US sport,but even with our chairman's much reported health problems we've just sold a free transfer for over 8m and made our third most expensive signing.I can't see the on-field fortunes of any sports club being solely effected by the private life of the Chairman.And if his divorce did have such a profound effect on the teams results,all the more reason to worry this isn't the best take over for us.

 

[Coffee and TV]

So, do we believe the echo that this could be done in 2 weeks, or some other journos who are saying before the end of the season, which lets be honest is a fair bit away

Well surely the Echo would be saying what Everton want to be out there

 

[gmb]

And if his divorce did have such a profound effect on the teams results,all the more reason to worry this isn't the best take over for us.

Hell hath no fury....

 

[KUEFC09U2]

Well surely the Echo would be saying what Everton want to be out there

good point

 

[davids]

Hell hath no fury....

We'd better pray he's stayed single or had better luck second time out.

 

[hibbo'sclass]

So, do we believe the echo that this could be done in 2 weeks, or some other journos who are saying before the end of the season, which lets be honest is a fair bit away

IMHO if these guys are trying to get 75% agreement to sell followed by a scheme of arrangement to get 100% the timescale will be longer than 2 weeks.
If they are going to just buy RE,BK and JE shares and no problems occur, could well be done in 2 weeks.

 

[roydo]

Not just the Echo now either. TS were reporting it all day, and quoting Martinez saying we shouldnt fear the future, and the future will be bright. In the context of a rumoured take over.

50/50 me with these blokes. See some stuff they have done in Merica, and think thats quite good that. Then see the spectre of a debt funded buyout, and start crying a bit.

Want it sorted one way or another me.

 

[b4sunryze]

I understand that. My question is that as a majority shareholder with several hundred small shareholders how does he attract the capital to achieve what he achieved elsewhere.

(1) Are you referring to existing minority shareholders of Everton (who I assume would either be bought out in the transaction or whose equity would be rolled into the new entity) or (2) how does he raise the funds to come up with the capital to purchase Everton? I apologize if I am not following your line of questioning.

(3)Or do you mean, where does he get the capital to run the team from year to year? With the Padres, the organization never drew a line of capital through debt (Moores was the lead author to install a rule called the "Debt Service Rule" across baseball to prevent teams from borrowing money to pay down operational debt kind of like what the Glaziers are doing with Man United), it was sustained through the organization's revenue streams (Moore's management team just did a better job of increasing revenues through increased attendance, television, and sponsorship deals - also having a new stadium was a great boost).

 

[CahillsCornerFlag]

Wonder how much different our transfer budgets will be under these guys, will we actually start throwing £15m around here and there thinking nothing of it?

 

[Darth Vader]

Mad how he's been looking for years and happens to find a buyer when he's ill

Mad that

 

[abelard]

""How do I know that delighting in life is not a delusion? How do I know that in despising death, we are not lost children who do know know the way home?" (予惡乎知說生之非惑邪？予惡乎知惡死之非弱喪而不知歸者邪)

- Zhuangzi

 

[Eggs]

Not just the Echo now either. TS were reporting it all day, and quoting Martinez saying we shouldnt fear the future, and the future will be bright. In the context of a rumoured take over.

50/50 me with these blokes. See some stuff they have done in Merica, and think thats quite good that. Then see the spectre of a debt funded buyout, and start crying a bit.

Want it sorted one way or another me.

..does 'debt funded buy out' include new ground (or ground upgrade) or is that likely to be funded via further debt?

 

[abelard]

Wonder how much different our transfer budgets will be under these guys, will we actually start throwing £15m around here and there thinking nothing of it?

we are clearly already thinking nothing of the 17m we spent this winter, or the 20m we spent during the summer, or the 36m we spent the summer before that...

 

[The Esk]

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.

For ordinary business at a General meeting of the company 50% +1 vote is enough to carry the day. However in the UK certain business has to be passed by "special resolution" which under the Companies Act requires 75% majority. Examples would be changing company name, amendment of Articles of Association, change of pre-emption rights, a reduction in share capital or a change in the company status (for example to go from a private company to a PLC).

In addition as stated earlier, if you have the agreement of 75% or more of the shareholders to acquire their shares, you can prior to acquisition apply to the High Court to acquire the shares of the remaining shareholders.

This is the reason why Bill with 25.7% controls the club, without his say, an effective takeover cannot occur.

 

[roydo]

..does 'debt funded buy out' include new ground (or ground upgrade) or is that likely to be funded via further debt?

Havnt a clue mate.