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Takeover bid by Peter Kenyon

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True, but investing in a team that plays in the same league from that same pot of cash makes no sense.

100%. Not the business unit part, more like the deferential part. The level of arse sniffing around MBS is incomprehensible to people from 'the West.' No Saudi backed team would seriously challenge Newcastle.

Even a 2nd UAE team would be pretty pointless. Yeah, they could use Dubai family money, but when the owner of Man City is the full brother of the President (King is a better descriptor) it's not worth rocking the boat, especially as Dubai has been heavily reliant on Abu Dhabi cash since the financial crisis.

Yep, but as mentioned above, using that same pot for a 2nd club in the same league? No point.

Qatar? 100% (And in my opinion the most likely of a Gulf Nation to be in the ring, their loathing of Saudi and the UAE is the ideal motivation.)

Kuwait? I honestly don't think they're bothered about the whole sportwashing gig.

Bahrain? The only GCC nation that's had to contend with serious civil unrest against the ruling family. Things have calmed down a bit now compared to the riots of about 12 years ago, but they're still extremely wary of stoking that fire again. (spending 100s of millions on a football team is definitely stoking the fire)
Dont the Qataris own PSG, would they want to bring another club on to rival them? They also own Malaga if my memory serves me correctly...
 

From everything I've read and heard via podcasts etc, Moshiri seems to be looking for up to £500m for his equity. To cover that + stadium + projected losses + external debts + transfers (limited) the figures range from £1 billion to £1.2 billion.

Any independent valuation of the football club alone seems to put it between the £350m - £400m range.

I don't see how Moshiri can sell without accepting a loss to a certain degree and that may be in the hands of Usmanov to dictate. There must surely be a large part of this based on cutting losses rather than the ambition of breaking even or better. That doesn't seem feasible.

It's why the idea of Moshiri retaining a minority interest until the stadium is completed, 10% is mooted, makes sense, to bridge the gap somewhat between what he has put in and the commercial value of the football club to a buyer.

There was an insightful section on the stadium on Esks podcast yesterday. He was of the view that stadium funding could not be secured through normal channels due to lack of market confidence in the clubs business management.

I think it's incredulous to expect an owner to finance a build beyond some arbitrary initial contribution. Surely under new ownership with the build well underway, we could secure a 25-30 year loan and not have this as a noose around the new owners neck. It shouldn't be difficult to secure funding and that's where talks about this seem to have moved on, logically, to a discussion about outright takeover.

Take the stadium out of the equation in these terms and with Moshiri either accepting a minority stake or some degree of realism in what the buyer will pay, and there is clear landing space for a deal.

We have been run at best to stagnate, at worst to progressively decline for 30 years and more and the entire time span of the Premier League. There is vast scope for ROI under an owner and executive team that are even half clued up in how to run a football club as a business.
 
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