Latest Takeover Rumour. The Moores / Noell one

[JimmyJeffers]

What amazing luck. 17 years and no one has been buying football clubs. Aside from Aston Villa, Sunderland, Newcastle, Liverpool (twice), Manchester United, Manchester City, Fulham, QPR, Bolton, West Ham, Portsmouth, Derby, Birmingham City, Blackburn Rovers, Cardiff City, and Arsenal, not a single English football club has been taken over in that time span, if you don't include Southampton, Reading, Stoke City, Hull City, Leeds United, Bournemouth, and Watford. And now as if by divine miracle a buyer appears in our hour of greatest need. We truly are blessed.

Crackers post

 

[Toffeeslam]

Sky saying that the negotiations are pretty much complete but are waiting for the yanks to make a offer

Saying Everton FC feel there is no reason why they won't based on the negotiations

Get sun-tan Bob on a beach some where before he screws it up with his definition of a good deal for the club

 

[The Esk]

(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).

I'm suggesting that as a majority holder of equity, but not the sole holder, he is less likely to provide working capital desperately needed in the business, and that as a result the only option would be debt.

As a separate issue, is the issue of how he funds the acquisition - I am assuming he has the cash resources to pay the acquisition cost at least - alarm bells would ring significantly if he funded the acquisition through debt. The reason being of course is that Everton require significant capital injection over and above the acquisition cost.

In relation to funding year to year activities then that depends upon the state of the balance sheet post acquisition and their Capex requirements plus their ability to increase revenues. We will only know that when a business plan is produced.

 

[anton66]

Does this mean the Chinese wil

Chinese in !

You just know that we'll get taken over, then the Chinese billionaires will be sniffing out buying the rest of the prem.

 

[Brownie]

I think Bill will turn it down.

 

[Chang Elephant]

Don't go Bill, I love you.

 

[magicjuan]

I think Bill will turn it down.

He may, Pip n Bob won't...

 

[Skeleton Crew]

Cannot wait for the fume on here when the new owners seek to increase maximum exposure by signing another American player next year.

The melt will be phenomenal.

 

[abelard]

Cannot wait for the fume on here when the new owners seek to increase maximum exposure by signing another American player next year.

The melt will be phenomenal.

maybe they'll appoint Howard as player-manager

 

[Skeleton Crew]

maybe they'll appoint Howard as player-manager

Well someone has to mentor Joel!

 

[Foot Long Hot Dog]

Sky saying that the negotiations are pretty much complete but are waiting for the yanks to make a offer

Saying Everton FC feel there is no reason why they won't based on the negotiations

Get sun-tan Bob on a beach some where before he screws it up with his definition of a good deal for the club

They'll offer 2 kitkats and a curly wurly, and then the fume will erupt

 

[mmmmsnouts]

Cannot wait for the fume on here when the new owners seek to increase maximum exposure by signing another American player next year.

Don't worry, we only have about 3 players good enough to play in the current squad.

 

[USABlue]

Cannot wait for the fume on here when the new owners seek to increase maximum exposure by signing another American player next year.

The melt will be phenomenal.

Fabian Johnson come on down

 

[USABlue]

Don't worry, we only have about 3 players good enough to play in the current squad.

Whose your 3 mate?

 

[ijjysmith]

Whose your 3 mate?

Howard Hibbert Osman