If you don't want to own a football club why lend it money with a condition attached that you'll end up owning the club if the loan isn't repaid? Not loaning it any money makes more sense.
Or insisting on a condition that deprives the current owner of the option to sell the club without your permission.
All becoming a bit too real up the road, dinnar how to cope if it all goes well for them an they get to the top
I know that I'm not privy to the high level business worlds that these multi-millionaire individuals inhabit, but I'm fairly certain that meetings don't go like this. Man with money: I don't want to own a football club. Man with football club: I need some money, so give me a loan and if I don't pay it back, you can have the club, and I can't sell it unless you say so. Man with money: Deal.
Alternatively: Man with money: I want to make a no-risk convertible loan to a football club with a view to one day potentially owning it Man with football club: How about you buy us right now? Man with money: I want to make a no-risk convertible loan to a football club with a view to one day potentially owning it Man with football club: Deal.
Yes. I have said consistently that I believe that is their ideal outcome. But they also kept all of the ability to walk away and didn't absorb any risk. That's why I think it's wise to keep an open mind about what happens in future, because they sure as **** did.
What have I actually said about potential outcomes? I missed that. All I said was whoever lent the money has an interest in owning us.
@Kittenmittons if FPP did the same deal in the Premier League as they’d done now how much do you think they’d have to have loaned/invested?
Many a true word and all that, mate...... you never know. If he gives us what he gave the Fat Spanish Waiter to get back to the Premier League, I'd settle for that! I don't think he's as bad as Mags make out. It's just their delusions of grandeur, that they expect him to get them into Europe every year.
That is what some people have taken madbobs cryptic message to mean. Being honest, I find it easier to decipher Dan Brown novels.
I keep hearing he’s legit but I’m presuming he’s had some sort of head injury since Whatever the story is Vauxie has a major crush on the bloke. One of the mags called him Salacious Crumb, had to google it but
It will go through, just glad to see that the decent journalists reporting the negativity of the people doing the takeover are now starting to be heard louder than the arse kissers like Flintoff etc. that keep telling us that everyone wants to see a strong Newcastle. Hopefully they become public enemy no. 1.
Interesting question. Some working out or skip to the bold bit if you don't want to know how I got there! You can't do a convertible loan without both sides getting the valuation agreed (hence due diligence by FPP). I think that the agreed valuation for the shares will price us at somewhere around £40-45m. That's Donald's 'Championship valuation' and if they were coming on board after promotion, that would seem reasonable. If that is the valuation, FPP investing £9m would roughly equate to around 20-25% of the club if converted. This is likely to avoid the 30% rule which forces them to make an offer at the same valuation for all of the other shares without the possibility to negotiate on price. Instead, they'd 'do a bit more' as Donald said, and get more equity from the next tranche of money when we got promoted again, which would prompt a full scale takeover. So assuming that all of the above was done to the same level in the Premier League, the minimum at Sheff Utd level (£100m valuation) would be around £20m-£25m, but more likely around £50m to acquire 25% of a bottom feeding PL club like say, Palace.
