Latest Takeover Rumour. The Moores / Noell one

[evertony]

This is the most critical decision our Club has faced since we were the Mersey Millionaires. Football is a complex business and no longer a sport of the masses....it's about somebody maximising gain on their investment sadly. There are I imagine very, very few individuals with the wherewithal and the desire to do what Abramovich and Sheikh Mansour have done....the vast majority of other overseas investments in Uk football clubs have been an unmitigated disaster from the perspective of the average football supporter like you and I. Our Clubs become commercial pawns operated purely to take advantage of the broadcasting and sponsorship rights, nothing remotely football or supporter related.
Get this wrong and we'll be just another Villa, Leeds, Newcastle, Pompey, Liverpool type franchise. Get it right and who really knows? What we do know is the possibility of getting it disastrously wrong far outweighs the chance of getting it right. My concern is what capabilities the current board and their advisors have for ensuring that the right decision and right new owner is found....our track record on big deals whether it's relocation, sponsorship, commercial activities or whatever is rotten to say the least. We can I'll afford another five-minute flirt with a fella living above a Chinese Takeaway. Getting the right advisors in, specialists who have a genuine desire to match us up with a stunner rather than any cheap blind date where they'll get a wedge and a one-night stand is wholly critical.....let's not mess this up.

 

[Librarian]

It's off, they're buying Stoke

 

[davek]

This is the most critical decision our Club has faced since we were the Mersey Millionaires. Football is a complex business and no longer a sport of the masses....it's about somebody maximising gain on their investment sadly. There are I imagine very, very few individuals with the wherewithal and the desire to do what Abramovich and Sheikh Mansour have done....the vast majority of other overseas investments in Uk football clubs have been an unmitigated disaster from the perspective of the average football supporter like you and I. Our Clubs become commercial pawns operated purely to take advantage of the broadcasting and sponsorship rights, nothing remotely football or supporter related.
Get this wrong and we'll be just another Villa, Leeds, Newcastle, Pompey, Liverpool type franchise. Get it right and who really knows? What we do know is the possibility of getting it disastrously wrong far outweighs the chance of getting it right. My concern is what capabilities the current board and their advisors have for ensuring that the right decision and right new owner is found....our track record on big deals whether it's relocation, sponsorship, commercial activities or whatever is rotten to say the least. We can I'll afford another five-minute flirt with a fella living above a Chinese Takeaway. Getting the right advisors in, specialists who have a genuine desire to match us up with a stunner rather than any cheap blind date where they'll get a wedge and a one-night stand is wholly critical.....let's not mess this up.

I get the impression these takeovers have a tendency to be two stage processes: first one's come in and try their luck - maybe move the club forward with some investment/new infrastructure and then rapidly move on - second group builds on/cleans up what went before.

I'd be amazed if we got owners who were a perfect fit straight off, tbh.

 

[evertony]

I get the impression these takeovers have a tendency to be two stage processes: first one's come in and try their luck - maybe move the club forward with some investment/new infrastructure and then rapidly move on - second group builds on/cleans up what went before.

I'd be amazed if we got owners who were a perfect fit straight off, tbh.

Exactly what happened at City....and quite possibly over the Park. First bunch are generally carpet-baggers

 

[OneTrueLegend]

Ideal world seeing it is still Christmas:

100% takeover
Redevelopment of Goodison
Additional capital to improve squad
Working capital to improve commercial and global marketing performance
Funded by equity not debt

What's satisfactory below those ambitions? Have to wait and see.

Now that's a proper Christmas wish! ️

 

[The Esk]

Now that's a proper Christmas wish! ️

If you don't ask, you don't get!

 

[AJC5]

He was a disaster from the off. He had no right trying to get control of Everton. He didn't have the wherewithal and dragged into the fray wronguns from the outside who had no affinity with Everton and no desire to do what was best for the club.

Were hurtling towards the 16th anniversary of his takeover consortium buying Johnson out. It's been over a decade and a half of utter waste...waste of hundreds of millions of pounds from the biggest tv cash bonanza ever to hit professional sport, and we remain ensconced in a deteriorating stadium and have barely registered a net spend of £30M over the whole period. A criminal act of negligence. We cant afford to get this decision wrong again.

Although our average finishing position during Kenwright's tenure has generally been much higher than during the 1990s and we have avoided a Villa/Portsmouth/Leeds scenario. I genuinely don't know what we as supporters expect. The ideal scenario is obviously a fabulously rich sugar daddy like City or Chelsea who view the club as a vanity project rather than an investment and bank roll a new stadium and the team. That doesn't look like it is going to happen so the alternative is the status quo or new owners who are looking at the club as an investment and an opportunity to make money. Investors seem like the only alternative so we then have to ask what sort of investors would be acceptable? Presumably we want long term investors who are looking to build a stadium and provide enough investment in the playing staff to ensure we become genuine champions league level club in the next 5 to 10 years. Is that a viable business plan for investors?

 

[davek]

Although our average finishing position during Kenwright's tenure has generally been much higher than during the 1990s and we have avoided a Villa/Portsmouth/Leeds scenario. I genuinely don't know what we as supporters expect. The ideal scenario is obviously a fabulously rich sugar daddy like City or Chelsea who view the club as a vanity project rather than an investment and bank roll a new stadium and the team. That doesn't look like it is going to happen so the alternative is the status quo or new owners who are looking at the club as an investment and an opportunity to make money. Investors seem like the only alternative so we then have to ask what sort of investors would be acceptable? Presumably we want long term investors who are looking to build a stadium and provide enough investment in the playing staff to ensure we become genuine champions league level club in the next 5 to 10 years. Is that a viable business plan for investors?

I wouldn't imagine this lot are going to fund on two fronts. I think they'll be looking at the revenue situation and feeling they can come in and for less than £100M (much of it paid for by naming rights) they can pay the club's share of any new stadium development and sell on at a later date. They'd probably run a mile from the Lerner model.

 

[Eggs]

Although our average finishing position during Kenwright's tenure has generally been much higher than during the 1990s and we have avoided a Villa/Portsmouth/Leeds scenario. I genuinely don't know what we as supporters expect. The ideal scenario is obviously a fabulously rich sugar daddy like City or Chelsea who view the club as a vanity project rather than an investment and bank roll a new stadium and the team. That doesn't look like it is going to happen so the alternative is the status quo or new owners who are looking at the club as an investment and an opportunity to make money. Investors seem like the only alternative so we then have to ask what sort of investors would be acceptable? Presumably we want long term investors who are looking to build a stadium and provide enough investment in the playing staff to ensure we become genuine champions league level club in the next 5 to 10 years. Is that a viable business plan for investors?

.....i know what I expect and it's not a sugar daddy. Status quo is all we can hope for now, indeed I think continuity is dependent on us having decent managers. We have a club that doesn't appear to have a savvy business model but more importantly we have no investment. What comes in goes out and we need to improve that situation.

 

[USABlue]

Not at all. The value of the club would still be above £100mil, the club is undervalued if its available for £200mil. Not only in terms of players/assets but revenues.

I find it odd also that the new guy at Palace, Joshua Harris has run Philadephia 76ers into the ground...the liverpool guy werner sold that other team to Moores and they were in a bad way....kroenke doesnt seem to invest in the clubs he owns...and neither do the glazers.

Karl Henry seems to be the only one building up the Red Sox but thats likely because hes an actual fan....the other American investors into English clubs dont seem to improve their US sports teams and i imagine the same will be said for their English clubs.

If we could get a top notch new stadium id rather keep Kenwright.

Kroneke is trying to move his NFL team to LA as he wants to build a 2 billion dollar stadium there. Harris only bought the Philadelphia 76ers in 2011(and bought the new Jersey NHL team as well) and they were struggling before hand. They decided to go the "tank" route which means losing in the now to gain higher draft picks. It's pretty common in the NBA. Can't really compare it to footie as there's no draft and NBA lacks relegation. Only agree on the glazers due to the leveraged buyout. Also it's John Henry

 

[AJC5]

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?

It depends on the terms of the debt. It might have a change of control clause saying that it has to be repaid if ownership of the club changes. If it doesn't the new owners may want to refinance the debt on more favourable terms (assuming prepayment penalties aren't to exorbitant). Investors invariably fund acquisitions using a mixture of debt and equity because debt is so much cheaper than equity and magnifies their returns so I'd be amazed if our debt didn't increase as a consequence of the acquisition.

 

[catcherintherye]

I get the impression these takeovers have a tendency to be two stage processes: first one's come in and try their luck - maybe move the club forward with some investment/new infrastructure and then rapidly move on - second group builds on/cleans up what went before.

I'd be amazed if we got owners who were a perfect fit straight off, tbh.

This is the key point. Anybody who thinks a American consortium worth over 3 billion who specialise in sports takeover is going to be inferior to selling the club on than Kenwright and his cronies is living in dreamworld.

For all the Liverpool fans moan about Hicks and Gillette they were never that bad. In terms of money invested they spent a lot more than we did.
I can imagine this lot will want to try and squeeze on external agencies to help with a ground move. They will then look to sell Everton on, a club with great tradition with the best stadium in the City of Liverpool would be a major draw.

 

[PhilM]

You seem to be ignoring the stories of Bills supposed decreasing health.

Time it would seem, is no longer on his side.

You may be right that it could certainly be a factor, and the timing is certainly convenient for this, but it's another aspect of speculation.

With little actual knowledge of his actual health it's merely conjecture: there were reports of him on his death bed but was then at matches et al.

I've been told things recently about his supposed recovery, which I hope were reliable, although I couldn't profess that they're the truth.

So what I am saying is that it may be a factor or it may not. If it is then to what extent? You could also talk about stories of the new TV deal...

Really we will only find out if and when any deal is completed; up until then it's just the usual discussions between ourselves trying to figure it out.

 

[Dithering Dougie]

This is the key point. Anybody who thinks a American consortium worth over 3 billion who specialise in sports takeover is going to be inferior to selling the club on than Kenwright and his cronies is living in dreamworld.

For all the Liverpool fans moan about Hicks and Gillette they were never that bad. In terms of money invested they spent a lot more than we did.
I can imagine this lot will want to try and squeeze on external agencies to help with a ground move. They will then look to sell Everton on, a club with great tradition with the best stadium in the City of Liverpool would be a major draw.

That's just ridiculous and you know it.

 

[Goat]

That's just ridiculous and you know it.

No its actually true, they spent vast sums of money on utterly rubbish players, but they did spend a LOT of money.