Been thinking about the 'takeover' stuff and just wanted to post my own thoughts on the current situation. What appears to have taken place is rather standard in business, especially in areas such as buy outs, takeovers, investment etc. The current owner changes their terms due to increases in revenue, changes to tax rates, investment opportunities opening up etc and the purchaser then has to try and negoitate the deal that was first discussed or increase their offer to a level they feel matches the value of the business. The seller will then open up their business to other interested parties, in the hope that the preferred bidder acts quickly to come to an agreement with them, perhaps at the higher value than originally discussed. In many cases this is exactly what happens, it all depends on how much the bidder wants that business and whether they feel the sellers increase in the value of the business is worth paying. I would suspect Bates and his team have just carried out what many other sellers do, changed their tactics and asked for more money or improved terms, this has then been knocked back (as standard) and the business of negotiating commences with other parties, whilst the preferred bidder goes away to think about things. In nearly all the cases I worked on and know about, the bidder comes back with an improved offer and the seller agrees to the deal. It may take time (a few weeks) but the final decision will be made with the prefered bidder. I would suggest that those involved in LUST take a seat now and do not get involved in any aspect of the possible takeover, as their input could jeopardise any positive outcome. LUST may feel they are acting on behalf of the supporters, but there are far more supporters who are not members of LUST or even support them, than there are members/supporters, so please sit back and don't get involved. Only my thoughts, hopefully they will be proven to be correct.
The fact the possible new owners are willing to speak to LUST suggests they don't believe the same thing as you.
Perhaps they do, but this is a two way process and the other party may not like any involvement from LUST. If there is anything to be stated, it will be stated and LUST do not need to get involved.
boab youve been on here numerous times telling people and laughing at people who were sucked into Bates scheeming now that what you preached has happenend it is now you who is clutching at them very same straws
Have you ever been involved in a business purchase or takeover? I have actually purchased a bricks and mortar business and the goal posts never twitched while it was being looked at. Admittedly nowhere near the scale of buying a football club and you have to remember, less than a two month due diligence and all happening close season, if anything should have changed it would be the clubs value going down not up, we sold Clayton and Snoddy two of our only four real assets.
The involvement of LUST antagonises Bates and is probably detrimental to any deal being concluded, so I agree with Boab, LUST would better serve the fans if they took a back seat, and I say that as a LUST member myself.
The easy answer is Yes. I was involved in the purchase of healthcare businesses for many years, the changes to terms where not unusual, it depended on who you were dealing with. I would suggest that what took place yesterday (actually probably took place weeks ago) was outside involvement acting on what they were told, without knowing all the facts (as they should not know anyway).
Been thinking about the 'takeover' stuff and just wanted to post my own thoughts on the current situation. What appears to have taken place is rather standard in business, especially in areas such as buy outs, takeovers, investment etc. The current owner changes their terms due to increases in revenue, changes to tax rates, investment opportunities opening up etc and the purchaser then has to try and negoitate the deal that was first discussed or increase their offer to a level they feel matches the value of the business. The seller will then open up their business to other interested parties, in the hope that the preferred bidder acts quickly to come to an agreement with them, perhaps at the higher value than originally discussed. In many cases this is exactly what happens, it all depends on how much the bidder wants that business and whether they feel the sellers increase in the value of the business is worth paying. I would suspect Bates and his team have just carried out what many other sellers do, changed their tactics and asked for more money or improved terms, this has then been knocked back (as standard) and the business of negotiating commences with other parties, whilst the preferred bidder goes away to think about things. In nearly all the cases I worked on and know about, the bidder comes back with an improved offer and the seller agrees to the deal. It may take time (a few weeks) but the final decision will be made with the prefered bidder. i agree that can happen and does happen i have done it myself but im afraid in this case it is not the case sorry m8 i hope for your sakes im wrong and i could be wrong but this whole thing stunk from the day it started.i said then it wont happen and i still say it now. but like i said i hope im wrong and hey keep clutching them straws plus in todays economy its a buyers market so maybe the goal posts were moved they probably wanted to pay a lot less than Bates wanted and we all know what his answer to that would be
The thing to remember is that most investment organisations or venture capital businesses, only get involved in a business when they are 100% sure there will be a high return on their investment, they will not touch a business which offers little return or even the possibility of no return. In my experience these organisations are only interested in the full return of investment + profit margins within a 2 - 3 year turn round. I have struggled for years to understand why people get involved with football clubs, the return is at best limited, so whoever is looking at Leeds United has more than profit on their mind, they must have some form of personal interest in seeing their ownership of the club. It is for this reason I now believe Bates and his partners have changed the terms of the sale, in the hope of securing a higher return for their investment and work over the years.
Boab said he'd bought a football club on another thread, been involved with the buyout of Celtic or something. Now he's involved in healthcare, along with his other careers as a millionaire football scout, brain surgeon, rocket scientist and God knows what else.
