Summer transfer window 2023

[brieverton]

One of the things to keep an eye on is the MSP deal. I was surprised to see the figure of their investment jump from £100 mill to £130 mill.

The majority will be used to pay LOR but oart of that i think will be used as cash flow and another part on transfers - nothing ridiculous like.

I listed to the Results Business Podcast yesterday (Esk and Rodger Armstrong). Esk did not speculate on the split of the pie but Andy Bells bridging loan of £40m comes out of this I think, with a small portion going towards working capital/transfer expenditure.

What was most interesting to me was the suggestion that any prospect of commercial funding for the stadium seems to be unlikely and indeed uneconomical now with interest rates and general inflation.

It was suggested that MSP will have to fund the remainder of the stadium through another couple of fundraising tranches and this is how they'll acquire a majority holding, such that Moshiri will only be a minor investor by its completion.

I get the sense of competition rather than co-operation between Moshiri and MSP which is worrying. Two different parts of the club pulling in different directions. That cannot mean harmony at boardroom or any other level, if true.

 

[Tony’s Carp]

He's closer to Kenwright's role

Sort of seems to be a mix of DBB and Kenwright's responsibilities

He isn't a DOF, he had Edu and someone else before him as DOFs at Arsenal I think

Yeah it sounds to me like in recent years Kenwright has been the ‘closer’ in negotiations, and that’s what Moshiri hasn’t wanted to lose. Regardless of all his other flaws he does have experience of getting deals over the line and maybe while Thelwell etc do the groundwork they feel they need someone in that chief negotiator role.

But that doesn’t mean it should necessarily be this guy though, we want someone who will negotiate hard on sales, contracts and purchases but the worry with him is he goes totally off piste on they recruitment side and just brings in Kia’s guys rather than the recruitment team’s guys.

 

[TyphooToffee]

Could Holgate be part of a deal to bring Ndiaye from Sheffield Utd ? Possibly a year loan with us picking up large chunk of his wages and an option to buy at a low figure?

I like the way you're thinking

 

[Neiler]

I listed to the Results Business Podcast yesterday (Esk and Rodger Armstrong). Esk did not speculate on the split of the pie but Andy Bells bridging loan of £40m comes out of this I think, with a small portion going towards working capital/transfer expenditure.

What was most interesting to me was the suggestion that any prospect of commercial funding for the stadium seems to be unlikely and indeed uneconomical now with interest rates and general inflation.

It was suggested that MSP will have to fund the remainder of the stadium through another couple of fundraising tranches and this is how they'll acquire a majority holding, such that Moshiri will only be a minor investor by its completion.

I get the sense of competition rather than co-operation between Moshiri and MSP which is worrying. Two different parts of the club pulling in different directions. That cannot mean harmony at boardroom or any other level, if true.

Haven't heard it myself mate. But that would also be my take.

What's telling to me is the investment has jumped from £100 mill to £130 million. MSP are playing it safe to a degree, in that if we dont go down they can call in their warrants and turn the £130 mill into equity.

Moshiri has a choice now, he can either go back to the market for the extra £200 mill for the stadium, or MSP (presuming they turn their investment into equity) may raise more money and turn another tranche into equity - this will essentially make them majority shareholders.

We hold a lot of external debt as it is - 250 mill odd i think - so another 200 mill to finish the ground, will likely eat up much of the extra revenue of the ground in interest - though if we went with the market route we could restructure that when interest rates settle which might be a while yet but its never easy to play the market.

So in all likelihood, MSP may continue to invest - but the Cavet to that is if we go down - would they call in their warrants at all even on their initial investment.....im not sure.

Internally at the club, id imagine its chaos you have three key stakeholders at the moment - Bill, Moshiri and MSP will have increasing boots on the ground. Those three stakeholders will be looking after their own interests in a Changning dynamic. We also have people in executive positions who have never operated in those roles before - which in never good when you look what is on our to do list in terms of stadium, transfer window, mess of finances and a PL investigation. Be Sep, Oct i think before we see a new full time board and new executive positions.

 

[Tony’s Carp]

Nottingham Forest and Sheffield United are keen on signing Mason Holgate on loan.
@SportsPeteO

yes please but no loan !!!

Think the loan makes sense in this situation. Holgate was looking very good a few seasons ago don’t forget, and may well get his form back starting week in week out at CB. If so we get much more for him next summer whereas we’d get next to nothing for him now given his salary and a season where he barely played.

 

[GoldenToffee]

Wouldn't be surprised to see a sale more this week to be honest mate.

Gray and Onana out for £50m combined.

Come September, from that £120m received for those two, Gordon and Kean, we'll likely have spent £30m of it and be dead certs for relegation.

 

[MrGrumpy]

One of the things to keep an eye on is the MSP deal. I was surprised to see the figure of their investment jump from £100 mill to £130 mill.

The majority will be used to pay LOR but is suspect part of that investment, will be used as cash flow and another part on transfers - nothing ridiculous like.

It already is 130 mil

 

[Papa Shango]

Could Holgate be part of a deal to bring Ndiaye from Sheffield Utd ? Possibly a year loan with us picking up large chunk of his wages and an option to buy at a low figure?

No club is swapping their best player for one of our worst.

Ndiaye will be going nowhere this season.

 

[Papa Shango]

Surely we get some more solid links this week in the lead up til 1st July. Can imagine if these outgoings are true, once Dyche has shaken off his Glasto comedown, we should have the green light for some incomings...

I don't want any links. I like it when we just sign somebody out of nowhere. Additional points if its somebody obscure but with just enough of a history to make you think he may be useful.

 

[MikeH72]

Think the loan makes sense in this situation. Holgate was looking very good a few seasons ago don’t forget, and may well get his form back starting week in week out at CB. If so we get much more for him next summer whereas we’d get next to nothing for him now given his salary and a season where he barely played.

This isn’t happening. All a loan does is move the problem to next summer. No more loans for deadwood players unless there’s an obligation to buy attached.

 

[Neiler]

It already is 130 mil

Initially it was reported to be £100 mill deal mate, now its £130 mill.

 

[Neiler]

No club is swapping their best player for one of our worst.

Ndiaye will be going nowhere this season.

Hes a year to run on his deal mate.

 

[sandybrownsbighead]

Haven't heard it myself mate. But that would also be my take.

What's telling to me is the investment has jumped from £100 mill to £130 million. MSP are playing it safe to a degree, in that if we dont go down they can call in their warrants and turn the £130 mill into equity.

Moshiri has a choice now, he can either go back to the market for the extra £200 mill for the stadium, or MSP (presuming they turn their investment into equity) may raise more money and turn another tranche into equity - this will essentially make them majority shareholders.

We hold a lot of external debt as it is - 250 mill odd i think - so another 200 mill to finish the ground, will likely eat up much of the extra revenue of the ground in interest - though if we went with the market route we could restructure that when interest rates settle which might be a while yet but its never easy to play the market.

So in all likelihood, MSP may continue to invest - but the Cavet to that is if we go down - would they call in their warrants at all even on their initial investment.....im not sure.

Internally at the club, id imagine its chaos you have three key stakeholders at the moment - Bill, Moshiri and MSP will have increasing boots on the ground. Those three stakeholders will be looking after their own interests in a Changning dynamic. We also have people in executive positions who have never operated in those roles before - which in never good when you look what is on our to do list in terms of stadium, transfer window, mess of finances and a PL investigation. Be Sep, Oct i think before we see a new full time board and new executive positions.

Thanks for that....and @brieverton ....you need an MBA to be a football fan these days but I think I understand our (slightly terrifying) position better now...Need a little lie down

 

[JohnJq]

 

[Nymzee]

Sheffield move makes sense for him. He's from Doncaster isn't he.