Latest Takeover Rumour. The Moores / Noell one

[Brennan]

Thank you. I hope you and yours had a good one too.

We had a sell on clause attached to the turkey unfortunately

 

[hibbo'sclass]

We had a sell on clause attached to the turkey unfortunately

Oh well, at least you'll avoid it next time.

 

[Dymak]

It is reported that the Padres new stadium was 75% funded with tax payers money, buy who funded the remaining 25%? Was it cash from Moores, or was it debt?

Nobody can predict the future, but I'm not expecting any handouts from this consortium, and I'm starting to think that any investment will come in the form of debt. That may be OK with our increased borrowing capacity after the new TV deal, and if it results in us getting a new stadium then it could arguably be considered progress. But it was only recently that @esk was stating that funding a new stadium through debt would be problematic etc, and our new stadium isn't going to benefit from anywhere near 75% public money funding. I'm starting to think that our debt will increase dramatically under this consortium.

 

[mlyons]

It is reported that the Padres new stadium was 75% funded with tax payers money, buy who funded the remaining 25%? Was it cash from Moores, or was it debt?

Nobody can predict the future, but I'm not expecting any handouts from this consortium, and I'm starting to think that any investment will come in the form of debt. That may be OK with our increased borrowing capacity after the new TV deal, and if it results in us getting a new stadium then it could arguably be considered progress. But it was only recently that @esk was stating that funding a new stadium through debt would be problematic etc, and our new stadium isn't going to benefit from anywhere near 75% public money funding. I'm starting to think that our debt will increase dramatically under this consortium.

Debt isn't bad in and of itself, especially when it's incurred from something you expect to raise revenues. My mortgage on my house meant I had to incur a lot of debt, but in 15 years I'll be much better off having taken on that debt than if I'd spent 15 years just paying rent on an apartment.

 

[eyeeyepopeye]

I actually think football is heading for a decline .I work in schools a lot and Young People just don't seem to be any where near as passionate about football as we were. The terrific expense puts a lot of parents taking there kids the match especially if there is two or three.
I read somewhere the average age on the kop is forty, I was amazed at what you said about Monday night football, although I do watch it regular I only definitely watch it if its Everton.

When clubs like arsenal are charging city fans £60 a ticket, I hope it really is game over soon...

 

[The Equaliser]

How are they 'looking more and more a bad thing'?

I know people have different opinions, but some people aren't half spouting stuff that doesn't have any grounding in reality or facts to back up the scaremongering.

Growing every business they've ever owned, making tangible progress, and achieving success is what these fellas have achieved. Unlike the current EFC custodians. E.g. our 2nd largest shareholder has been bankrupt twice! Hardly the sharpest business brain. And some people wonder we've had 3 failed stadium moves when this is the calibre of our board members.

Being sniffy about the Americans is like having no money, but turning your nose up at a £20 note because it's not a £50 note.

Where did I say it was a a bad thing ?

It was meant tongue in cheek.

Some very touchy people in this thread.

 

[kithnou]

Some very touchy people in this thread.

Indeed.

 

[Goat]

Gonna be a long 6 weeks like!

 

[Dymak]

Debt isn't bad in and of itself, especially when it's incurred from something you expect to raise revenues. My mortgage on my house meant I had to incur a lot of debt, but in 15 years I'll be much better off having taken on that debt than if I'd spent 15 years just paying rent on an apartment.

Yeah, I completely agree, and maybe its time for a new home and a new mortgage, but I think that's exactly what it will be, rather than investment from the consortium themselves, and how does that go down, given that people have been saying a debt funded stadium will be problematic and have massive consequences on things like recruitment etc?

For me, if they aren't going to put in any of their own money, then they will be no better than Kenwright.

 

[mlyons]

Arsenal seem awfully happy with their debt funded stadium.

EDIT: And just because it's likely to be debt funded doesn't mean that it won't be different than what we have now. The biggest problem the current board has with getting a new stadium off the ground is that they don't have deep enough pockets to convince lenders that they're worth extending a loan to. I would imagine a consortium like this would fund the stadium themselves and charge the debt to the team. That sounds kind of awful at first, but realistically we'll get much better terms on the loan that way.

 

[Goat]

Arsenal seem awfully happy with their debt funded stadium.

Arsenal fans fumed more than us over their lack of spending whilst paying it off, yeah its all gravy now, but they had regular CL football built on a very expensive and expansive youth recruitment policy to "support" it.

 

[mlyons]

Arsenal fans fumed more than us over their lack of spending whilst paying it off, yeah its all gravy now, but they had regular CL football built on a very expensive and expansive youth recruitment policy to "support" it.

Well, yeah. You don't get something for nothing. Short term sacrifice for long term gain.

 

[hibbo'sclass]

Yeah, I completely agree, and maybe its time for a new home and a new mortgage, but I think that's exactly what it will be, rather than investment from the consortium themselves, and how does that go down, given that people have been saying a debt funded stadium will be problematic and have massive consequences on things like recruitment etc?

For me, if they aren't going to put in any of their own money, then they will be no better than Kenwright.

The thing is that unless the debt is from the consortium for a stadium nothing can be done until the AIB/Prudential Trustees situation is addressed. They have a charge on Goodison and match day gate receipts.

 

[Goat]

Arsenal seem awfully happy with their debt funded stadium.

EDIT: And just because it's likely to be debt funded doesn't mean that it won't be different than what we have now. The biggest problem the current board has with getting a new stadium off the ground is that they don't have deep enough pockets to convince lenders that they're worth extending a loan to. I would imagine a consortium like this would fund the stadium themselves and charge the debt to the team. That sounds kind of awful at first, but realistically we'll get much better terms on the loan that way.

I personally dont see them dipping their hands in their own pockets at all, loans all over the show, on favourable terms, as you say, these fellas are likely to have access to different kind of people that the current board possibly has.

Meh, lets see what happens, could either be the most exciting few years or the worst EVER!

 

[Dymak]

The thing is that unless the debt is from the consortium for a stadium nothing can be done until the AIB/Prudential Trustees situation is addressed. They have a charge on Goodison and match day gate receipts.

My understanding is that the outstanding debt with the Prudential would be factored into the asking price, and that we would become debt free after the takeover? Is this incorrect?