Serious takeover talk

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sheepman said:
Certainly Nixon doesn't
All you need to know about Nixon is that he works for the Sun
They'll make up anything for a story and don't care who they **** on
They rely on people's agreeing with a particular agenda and saying "there's no smoke without fire"
Last I heard he was claiming it was off the Americans had walked away and SD was desperately looking for other investment
Now he claims these same Americans are investing but only £4m
You might as well rely on the rumours on RTG as listen to this bloke
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That's what I was alluding to, he hears whispers from somewhere (he broke the story first IIRC?) but doesn't seem to get any details right.

I wonder if his source is one of those disgruntled consortia who lost out to SD who've post stuff on RTG only to backtrack as it turns out to be innuendo / crap?
 
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Flash Gordon said:
Agree with all of that and the Sartori shout makes a lot of sense. If that's the case then the would be owners of 20% of the club, rather than "investing £4m" as Nixon suggests which is a much more positive story (though still not quite the result we were hoping for).
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If they buy 20% of the club I'm honestly about as happy as if they buy 100%. Getting these people to the table, invested in the club, giving us the benefit of all their contacts (which will be a different level to anything we've had access to before) would be huge. It would suggest they intend owning the whole lot later (it wouldn't be worth their while to stay at 20%), and we know that we should be able to get out of this league without spending much. It would mean they aren't going anywhere else. It gives us that chance, prove you can take the first step and we do the rest, but either way we're involved and might buy the rest cheap if you don't do it.

Like I say that's a huge contrast to "here's £4m, with interest, if you do well we might get involved or we might find a better option and **** off". I can't believe that'll happen though, Donald isn't rich but he wouldn't be that desperate for £4m, I reckon he's easily got that available. And I'm choosing to believe smug that they're talking ages getting the wording of the statement right, the £4m loan option wouldn't really need much said tbh
 
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Ozzymac said:
Someone posted "Do we know if Charlie & Stewart have put the 15 million back into the club yet? We could do with that first rather than getting others to put 4 million in"

And Bob replied "yes and it was a lot less than that but yes"
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Interesting :D no comment, but they've been open that it was 25m at one point.
 
Guinness Guzzler said:
If they buy 20% of the club I'm honestly about as happy as if they buy 100%. Getting these people to the table, invested in the club, giving us the benefit of all their contacts (which will be a different level to anything we've had access to before) would be huge. It would suggest they intend owning the whole lot later (it wouldn't be worth their while to stay at 20%), and we know that we should be able to get out of this league without spending much. It would mean they aren't going anywhere else. It gives us that chance, prove you can take the first step and we do the rest, but either way we're involved and might buy the rest cheap if you don't do it.

Like I say that's a huge contrast to "here's £4m, with interest, if you do well we might get involved or we might find a better option and **** off". I can't believe that'll happen though, Donald isn't rich but he wouldn't be that desperate for £4m, I reckon he's easily got that available. And I'm choosing to believe smug that they're talking ages getting the wording of the statement right, the £4m loan option wouldn't really need much said tbh
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Agree with all this. I'm hoping for a stake and a check/balance over SD. The loan option doesn't look great unless it's a big loan/takeover arrangement. Just getting a loan off these guys isn't good news, quite the opposite, so I can't imagine that's going to be the scenario or they'd never have mentioned it publicly imo.
 
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Guinness Guzzler said:
If they buy 20% of the club I'm honestly about as happy as if they buy 100%. Getting these people to the table, invested in the club, giving us the benefit of all their contacts (which will be a different level to anything we've had access to before) would be huge. It would suggest they intend owning the whole lot later (it wouldn't be worth their while to stay at 20%), and we know that we should be able to get out of this league without spending much. It would mean they aren't going anywhere else. It gives us that chance, prove you can take the first step and we do the rest, but either way we're involved and might buy the rest cheap if you don't do it.

Like I say that's a huge contrast to "here's £4m, with interest, if you do well we might get involved or we might find a better option and **** off". I can't believe that'll happen though, Donald isn't rich but he wouldn't be that desperate for £4m, I reckon he's easily got that available. And I'm choosing to believe smug that they're talking ages getting the wording of the statement right, the £4m loan option wouldn't really need much said tbh
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I will eat hay with a donkey if their input is £4million.
 
Sin Semilla said:
@Smug in Boots, are your friends saying takeover or investment?

Edit: just read your post again (it wasn't loading before)
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What I'm being told, as I was from the start, is that they will take over the club.

It may be gradual but there's no way they'd have gone through due diligence, registering a new business at Companies House using the SOL as the address, etc just to loan the club a few million.

That could've been sorted out in a few days tbh.
 
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Smug in Boots said:
What I'm being told, as I was from the start, is that they will take over the club.

It may be gradual but there's no way they'd have gone through due diligence, registering a new business at Companies House using the SOL as the address, etc just to loan the club a few million.

That could've been sorted out in a few days tbh.
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I hope so too.
 
Smug in Boots said:
What I'm being told, as I was from the start, is that they will take over the club.

It may be gradual but there's no way they'd have gone through due diligence, registering a new business at Companies House using the SOL as the address, etc just to loan the club a few million.

That could've been sorted out in a few days tbh.
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My only concern is whether the plan was takeover/ partial ownership initially and then they got cold feet and now are prepared to offer some funds but don't want to be at all tied to the club (in terms of owning shares) unless we go up. That would be a worry, but it isn't likely. It would only be an option if Donald was completely broke, it doesn't even help with SCMP unlike Donald just putting £4m in as a "gift", but if that was the case and they thought he couldn't make a success of it I don't know why they'd even bother offering £4m, they'd just steer clear. Hopefully Nixon is just getting the wrong end of the stick again like he did when he said they'd completely walked away
 
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Guinness Guzzler said:
My only concern is whether the plan was takeover/ partial ownership initially and then they got cold feet and now are prepared to offer some funds but don't want to be at all tied to the club (in terms of owning shares) unless we go up. That would be a worry, but it isn't likely. It would only be an option if Donald was completely broke, it doesn't even help with SCMP unlike Donald just putting £4m in as a "gift", but if that was the case and they thought he couldn't make a success of it I don't know why they'd even bother offering £4m, they'd just steer clear. Hopefully Nixon is just getting the wrong end of the stick again like he did when he said they'd completely walked away
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Didn't they do something similar with the Miami Marlins. Loaned them money for the stadium which can then be transferred into shares or something like that.

If SD has valued SAFC at 50m, if it's 4m it may actually be a share purchase with stipulations as to how the money is spent.

Edit: Could also be a stadium naming sponsorship which would assist with SCMP and FFP next season.
 
Smug in Boots said:
What I'm being told, as I was from the start, is that they will take over the club.

It may be gradual but there's no way they'd have gone through due diligence, registering a new business at Companies House using the SOL as the address, etc just to loan the club a few million.

That could've been sorted out in a few days tbh.
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Cheers mate. I don't believe a word that comes out of nixons mouth
 
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Ozzymac said:
Didn't they do something similar with the Miami Marlins. Loaned them money for the stadium which can then be transferred into shares or something like that.

If SD has valued SAFC at 50m, if it's 4m it may actually be a share purchase with stipulations as to how the money is spent.

Edit: Could also be a stadium naming sponsorship which would assist with SCMP and FFP next season.
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My understanding is that msd ( strictly speaking not the same vehicle that are interested in us ) have bought just under 8% of Marlins.
After 5 years they can withdraw their investment and get a healthy interest payment .
 
Kittenmittons said:
If this is the level, then I would agree.

Definitely want to see a bit more detail though. The best long term outcome is a new ownership group. If there's not a pathway to that, it'll be a disappointment. If there is, it would mitigate some of the underwhelming headline figures mooted so far.
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Nothing to say a new ownership group will definitely be better than what we have.
Leeds and pompey went through a succession of dodgy owners and each time fans thought cavalry was coming to rescue. The cavalry were in fact just more asset strippers picking around the bones of an already meatless carcass ( excuse mixed metaphors )
We all want a settled ownership and some certainty going forward.
Some of the comments are akin to out of the frying pan and into the fire.
On the pitch is where the difference is made.
We kept hold of ross far too long and that has been Donald's big error. Play offs beckon ( at best ).
 
FulwellBri said:
My understanding is that msd ( strictly speaking not the same vehicle that are interested in us ) have bought just under 8% of Marlins.
After 5 years they can withdraw their investment and get a healthy interest payment .
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I think something about this deal that interests me is how the capitalisation works. For example, if their deal is that they loan us £4m and if SD can't pay it back in 18 months time, then they take a bigger percentage (possibly a controlling shareholding), then my only slight worry would be that this is effectively shorting us, ie: betting on us to lose.

It sounds like what they've done with the Marlins is close to that.
 
old lads fan said:
He only derails a thread if people reply to his post, I've read what he has to say in the past and I don't need to read it again so if I see he's made a comment I skim read it and if he's talking about SD and £20m I go to the next post. As long as you reply to his posts and it gets into a 'you say he says' type of cyclical argument you are as guilty as him of thread crapping.

Can both you and kitten agree to stop responding to each other as all you are doing is creating noise and it makes the thread a chore to read.

Ronnie
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Well said Ronnie
 
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Kittenmittons said:
I think something about this deal that interests me is how the capitalisation works. For example, if their deal is that they loan us £4m and if SD can't pay it back in 18 months time, then they take a bigger percentage (possibly a controlling shareholding), then my only slight worry would be that this is effectively shorting us, ie: betting on us to lose.

It sounds like what they've done with the Marlins is close to that.
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There could be something in what you say but let's be fair right now so owns the club. If someone thinks he needs the equivalent of 'bridging finance' and they see a 'future opportunity' ..can you blame them.
It's a nasty old world out there.
We can stamp our feet etc but it is what it is
 
Flash Gordon said:
If this is true, it will be interesting to see how it's described. I'm presuming £4m is effectively the price for 10% of the club.

If, as Nixon suggests, its more of a one off funding then it is both bizarre and raises so many questions.

Donald and Methven are going to have a lot of explaining to do.
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10% gives no control at all. I’d be surprised if that was all they got.
 
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As I said yesterday, if the investment / takeover / loan is only at the level the sun have suggested the press release will need to be even more solid and explain things.

If this whole saga has taught them one thing it is that bad rumours last longer and gain more traction.

Hopefully Charlie is going to earn his corn with this release
 
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