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Who's your money on in the takeover 'battle'?

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Curious about the reported 400 mill investment, what’s the plans for that…..

Seems unlikely to me they are taking over the club without either some debt restructuring, agreement with creditors or a new plan to manage the debt - whole making that investment if it’s not going to manage the debt - doesn’t make sense.

Maybe part of it is..,but the detail is important here.

Take the MSP loan, prob the most immediate being 160 mill, 90 mill to finish the stadium, that’s 250 mill, before you blink.

Something doesn’t add up for me here.

Finally a sensible post.

Well, it's their bid?

An all-equity bid. A bid the smart arses all told us wouldn't happen.

Compared to;

[Andy Bell and George Downing] bid, which was lodged last week, is a mix of fresh equity and a £350million loan secured on the club’s new stadium that would refinance Everton’s existing debts.

That loan would be provided by the merchant bank BDT & MSD Partners, which was originally set up to invest American IT billionaire Michael Dell’s wealth.
Contrary to some reports, Dell himself has no desire in buying Everton, or any other English football club, as it would be a clear conflict of interest with his investment firm’s lucrative lending business. MSD has lent money to Burnley, Derby, Southampton, Swansea, West Bromwich Albion and West Ham.


So while we don't know what the plans are for existing debt - the headline is Vatche Manoukian's bid wouldn't add even more debt on top. Debt which would have big interest rates going to Dell.
 
Other than MSP who have been around the club for a while, we know nothing of the other groups wanting to take us over.

All we know is the terms of the deals they're putting on the table.

For me, I see MSP as a good option.

Seems like their goal is to make us a lot more solvent to sell us on in a few years. That sounds good to me.

Unfortunately we have too much debt, a new ground to pay for and PSR regulations to adhere to so the thought of a rich backer coming in and splashing the cash is fanciful.

MSP have experience in running football clubs and are a serious outfit. They'll be in it to flip us for profit, but to do that they have to be successful here in lowering the debt and making us an attractive proposition.

We really can't risk spending a lot of money and it failing again.
 
Friedkin has put about 800m into Roma in the last couple of years - brought in Lukaku and Dybala - but has been restricted in the transfer market by FFP.
But has started to turn things around for them financially and their ranking in Europe has never been higher.
Seems to me this is the one with a record of successful investment in a football club.

MSP seems are building a portfolio of minority investments in smaller football clubs and other sports and didn’t buy a 51% stake when they had the chance.

Manoukian is a massive unknown/risk.

Bell and Downing are known - but not loaded and need an 11% interest loan to buy the club.
 

Friedkin has put about 800m into Roma in the last couple of years - brought in Lukaku and Dybala - but has been restricted in the transfer market by FFP.
But has started to turn things around for them financially and their ranking in Europe has never been higher.
Seems to me this is the one with a record of successful investment in a football club.

MSP seems are building a portfolio of minority investments in smaller football clubs and other sports and didn’t buy a 51% stake when they had the chance.

Manoukian is a massive unknown/risk.

Bell and Downing are known - but not loaded and need an 11% interest loan to buy the club.

A good summary but needs the all equity bid element for Manoukian. Thats massive.

[Edit] I say good, that's how I read it at least.
 

I'm taking this that Manoukian are nailed on to be serious bidders 😆

They need to pass the 120 point test that the esk sets for them and a place on the new board. He's tried calling Manoukian about fifty times but they keep telling him to do one.

Only thing that sticks with me about MSP is that they've had the opportunity to buy the club before 777, and didn't take it. I get that they are experienced sports franchise owners, and well funded, but we're they hoping for spurs and not Everton?

MSP tried to buy a 25% stake in the club but Rights and Media blocked this as they believed it valued the club too low, thus had an impact on them. At that stage MSP weren't in for a full buyout and 777 stepped in.
 
Somebody will have to explain the all-equity, 400m thing from Manoukian - that money goes straight to Moshiri for his 94% ? But it's attractive because they aren't borrowing that against the club as such ?
 
Vatche Manoukian with 109 votes... Seems to be a popular choice. I've missed out on this guys interest in the take over. Why's he such a popular choice on here?

I feel that because everyone is pretty much on the edge with it being so erratic (who will it be? What will it mean?) Etc that it's almost like being blindly led.

The prospect of an all equity bid absolutely excites me and secures the club.
The truth is, we know absolutely nothing (even Internet proves hard to find information) on Manoukian.
But usually, when something is too good to be true, it usually is... so I'm awaiting a catch at some stage here.
 
….i think I read yesterday he was partner in a hotel business with somebody from Middle East but I can’t find the article.

Somebody mentioned that Manoukian is part owner of the Dorchester Hotel with the Sultan of Brunei.

EDIT
Just found this on Wiki - In June 1998 the brother of the Sultan of Brunei, Prince Jefri Bolkiah, was sued by his former business partners in a case that was settled out of court.[37] During the case the Manoukians claimed that Prince Jefri kept 40 prostitutes at a time at the Dorchester. 😂 😂 😂



That's his uncle, Vatche 'Bob' Manoukian.
 

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