Top four next year.....

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Foredeckdave said:
How can you have "evaluated all the potential options" when you insist that there are only 2? Doesn't figure. My safety first (as you put it) option is only implauseable to myopic thinkers following your short term view.

Now go back and look at what has happened to the majority of leveraged buyouts in the USA. They appear to fall into 2 camps. Firstly the quick turn around and sale. Secondly the keepers wherein the whole strategic focus of the owners changes over time. I'm guessing that the Glazers are now in the second group and are therefore using a different set of criteria to you upon which to make their decisions.
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What absolute pony that is.

They've been taking £20m+ per year in salaries out of a business that has been funding the debt that they used to purchase it.

They now have an asset valued at circa £2BN, which until last season was increasing year on year. Whilst at the same time the business was continuing to pay down the debt. So every year the equity value was growing and the debt decreasing, which improves their net yield from both ends, should they sell.

So their strategy has always been to pay down the purchase debt to zero whilst holding an ever increasing asset. At that point they'll sell i.e. when they can achieve their maximum return.

To continue down that path they'll accept that the business needs capital investment. You do realise it made nearly £150m profit last year don't you?
 
Foredeckdave said:
I'm perfectly satisfied with my performance as an operational manager, executive, consultant and teacher and am now happily retired. Therefore I would not be available to the Glazers even if they did wish to consult.

Now I wonder just what you have achieved? (if we are being personal)
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This isn't something that I'd normally advertise as I don't usually judge people on 'what they've achieved in life' - quite often, the people who are most happy have done as little as they possibly can and really enjoyed life, while still being perfectly savvy.

But, for the record, don't worry, my academic background and business acumen and experience in numerous executive roles for both mid to large corporations stands up. I actually do deal with corporate strategy, employ big consultants (BCG, McKinsey et al) for big projects (so am very used to numerous buzzwords, acronyms and trendy models and 'paradigm shifts'.....these consultants are the sharpest that I know....but they are just consultants at the end of the day....I know how the world works, have rung the bell on wall street...well, was one of a crowd <laugh> and have been involved and in some cases led numerous M&A's.....all of which, every last one of them, had shareholder value and share price at the centre of them.

I respect that you have a different view to me but just because you have, I would never question your credibility and get snipey...(ok, i'd take the piss a bit) regardless of whether you were unemployed, on the bins or an MBA lecturer.....I may disagree and debate my points vigorously...but that's different. I also wouldn't assume that my view was a jumped to conclusion and not one that looked at all conceivable possibilities but ruled them out....I'd also never ever rule out the possibility that I'm wrong.....and will always gladly look back and say so.....Perhaps, you shouldn't judge a book by its cover. This is after all a forum for us all to share our opinions isn't it? Just saying <ok>
 
KENNY_KOP_KING said:
This isn't something that I'd normally advertise as I don't usually judge people on 'what they've achieved in life' - quite often, the people who are most happy have done as little as they possibly can and really enjoyed life, while still being perfectly savvy.

But, for the record, don't worry, my academic background and business acumen and experience in numerous executive roles for both mid to large corporations stands up. I actually do deal with corporate strategy, employ big consultants (BCG, McKinsey et al) for big projects (so am very used to numerous buzzwords, acronyms and trendy models and 'paradigm shifts'.....these consultants are the sharpest that I know....but they are just consultants at the end of the day....I know how the world works, have rung the bell on wall street...well, was one of a crowd <laugh> and have been involved and in some cases led numerous M&A's.....all of which, every last one of them, had shareholder value and share price at the centre of them.

I respect that you have a different view to me but just because you have, I would never question your credibility and get snipey...(ok, i'd take the piss a bit) regardless of whether you were unemployed, on the bins or an MBA lecturer.....I may disagree and debate my points vigorously...but that's different. I also wouldn't assume that my view was a jumped to conclusion and not one that looked at all conceivable possibilities but ruled them out....I'd also never ever rule out the possibility that I'm wrong.....and will always gladly look back and say so.....Perhaps, you shouldn't judge a book by its cover. This is after all a forum for us all to share our opinions isn't it? Just saying <ok>
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<laugh>
 
Tobes said:
What absolute pony that is.

They've been taking £20m+ per year in salaries out of a business that has been funding the debt that they used to purchase it.

They now have an asset valued at circa £2BN, which until last season was increasing year on year. Whilst at the same time the business was continuing to pay down the debt. So every year the equity value was growing and the debt decreasing, which improves their net yield from both ends, should they sell.

So their strategy has always been to pay down the purchase debt to zero whilst holding an ever increasing asset. At that point they'll sell i.e. when they can achieve their maximum return.

To continue down that path they'll accept that the business needs capital investment. You do realised it made nearly £150m profit last year don't you?
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Case closed! <ok>
 
Milk said:
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Not every day you see Sinead O 'Connor riding a rooster.

Nor is it every day you see football fans debating this kind of financial jargon (which admittedly, for the most part went over my head).
I understood enough to know foreskindave is a bell end (well I knew that anyway) and resorted to personal insults when he got owned intellectually, so KKK can have some rep <ok>
 
Top 4.

United
Chelsea
Arsenal
Everton

City to finish 5th as the mass exodus begins due to a lack of cakes and hugs.
Liverpools fluke like all flukes will disappear into the history books
Tottenham are due a relegation battle right about now.

Top 4 in no particular order.
 
Bodanki said:
Not every day you see Sinead O 'Connor riding a rooster.

Nor is it every day you see football fans debating this kind of financial jargon (which admittedly, for the most part went over my head).
I understood enough to know foreskindave is a bell end (well I knew that anyway) and resorted to personal insults when he got owned intellectually, so KKK can have some rep <ok>
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Do you get a kick out of dropping by throwing out gratuitous insults, or did you think your comment would add value to the debate?
 
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