Legends-Lounge
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Non PC straight talking tory Brexit voter on this
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« Reply #13965 on: Friday, August 9, 2024, 17:20:43 » |
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Jimmy Quinn
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« Reply #13966 on: Friday, August 9, 2024, 17:22:12 » |
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403 Forbidden  |
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You just gotta keep livin man!
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4D
That was definately my last game, honest
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I can't bear it 🙄
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« Reply #13967 on: Friday, August 9, 2024, 18:27:24 » |
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It'll be the Franchise = Franchise swap
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Outletred
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« Reply #13968 on: Friday, August 9, 2024, 18:39:26 » |
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We have an owner who has put such a big price tag no one will buy us.
Cannot believe we wouldn’t be a good proposition with our potential. Being held back by the ownership many of them dodgy as fuck
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Leggett
Do you like popsicles?
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« Reply #13969 on: Saturday, August 10, 2024, 05:49:56 » |
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Nothing new there then!
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Fuck you Leggett, fuck you.
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Audrey
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?Absolute Calamity!?
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« Reply #13970 on: Saturday, August 10, 2024, 08:05:41 » |
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We have an owner who has put such a big price tag no one will buy us.
Cannot believe we wouldn’t be a good proposition with our potential. Being held back by the ownership many of them dodgy as fuck
Not that I know, but the high price tag may be to put the club out of reach of the other 2 shareholders if they hold pre emptive rights as Clem did to his huge benefit. Of course, this also puts off prospective buyers. |
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Batch
Not a Batch
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« Reply #13971 on: Saturday, August 10, 2024, 11:52:08 » |
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And we don't know if the others even want to take control.
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Audrey
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?Absolute Calamity!?
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« Reply #13972 on: Saturday, August 10, 2024, 11:54:40 » |
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No. But if Clem is insistent on not selling why even quote a price? Just say no, no, no.
I reckon circa £7m is about right.
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swindonmaniac
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« Reply #13973 on: Saturday, August 10, 2024, 12:38:47 » |
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No. But if Clem is insistent on not selling why even quote a price? Just say no, no, no.
I reckon circa £7m is about right.
Even at £7m I think we’d struggle to find a buyer. |
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Life is a Rollercoaster - Just gotta ride it.
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4D
That was definately my last game, honest
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I can't bear it 🙄
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« Reply #13974 on: Sunday, August 11, 2024, 22:42:15 » |
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Even at £7m I think we’d struggle to find a buyer.
Flash? With all that round dodging he must have a few mill spare  |
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Trashbat?
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« Reply #13975 on: Monday, August 12, 2024, 09:30:46 » |
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About a year ago I heard from a pretty reliable source that he wanted around £16m!
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Bob's Orange
Has brain escape barriers
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« Reply #13976 on: Monday, August 12, 2024, 09:36:08 » |
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About a year ago I heard from a pretty reliable source that he wanted around £16m!
Clem has 'paid off' the club's debt which he'll want in return 'interest free'. By asking for 15million plus he'll be able to get what he is owed and way more besides. The longer Clem is in charge, the more the 'silent partners' earn a wage via the various money spinning things that happen via the club so it's probably going to take an unrealistically high price to get new owners I would have thought. |
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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Frigby Daser
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« Reply #13977 on: Monday, August 12, 2024, 09:47:00 » |
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All speculation, but if there are pre-emption rights held by Keily and Parladorio then:
1 - the theory that he can't cut his losses and run makes sense. He can't offer/attempt to sell to a third party for £0 because that way, Keily and Parladorio have first refusal to buy his shares for £0.
2 - therefore he has to inflate the price, to price out K&P, and find someone that is prepared to pay over the odds for a loss-making business. A tough ask.
3 - even if he does find a buyer, that buyer wouldn't own all of the club, and would have to have K&P there as minority shareholders with pre-emption rights.
4 - this all assumes K&P would want to retain a shareholding, and sheds no light on who K&P really hold the shares for - i.e. is Standing involved?
5 - so if you are an investor, whether from the US, UK or wherever, and you ask someone to find you a club to invest in, the club immediately has red flags that will put an investor off. There are minority shareholders to deal with, figures with a shady history (Hart and Z Austin) with an undefined role but who surely have some form of undisclosed financial interest to show the interest that they do (otherwise, why bother?), and an artificially inflated price just to get hold of part of the ownership. No matter how much potential is there, the investor will want to own the club outright, have nothing to do with the shady figures, at a price that is right.
So Morfuni could cut his losses, and get rid of his shareholding for free, by selling to K&P (and whoever they represent). But they may not want it, because then they have to throw money down the black hole.
What have a missed?
What breaks the cycle?
We're in a cul de sac.
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« Last Edit: Monday, August 12, 2024, 10:02:45 by Frigby Daser »
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UTR
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« Reply #13978 on: Monday, August 12, 2024, 10:02:42 » |
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Have to preface this by saying this is all purely hypothetical talk between friends.
We wondered if the 50/50 deal for the stadium with the fans group, as much as it’s a great piece of business for us fans, is a potential sticking point in the mind of potential new buyers of the club. If the wanted fees being banded about are close to what the clubs actually being valued at by the owner, then that’s a heavy price and at that price point, would knowing that you can’t tie up the stadium 100% into your own ownership as well for the club be something to consider?
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Frigby Daser
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« Reply #13979 on: Monday, August 12, 2024, 10:05:03 » |
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The club is worth £0. You cannot value a business without any sale-able assets that makes an annual loss at any other value.
The purchase price is surely based on (1) Morfuni re-couping money he has put in to cover losses and (2) the profit he wants to make.
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