1. Log in now to remove adverts - no adverts at all to registered members!

Saints sold to Sport Republic

Discussion in 'Southampton' started by - Doing The Lambert Walk, Jan 4, 2022.

  1. SaintMarv

    SaintMarv Well-Known Member

    Joined:
    Jul 12, 2011
    Messages:
    2,026
    Likes Received:
    2,853
    And if you want to start cheese puns Kraft make philadelphia <laugh>
     
    #281
  2. ChilcoSaint

    ChilcoSaint Lives in a Chilcohüttl
    Forum Moderator

    Joined:
    Feb 8, 2011
    Messages:
    33,559
    Likes Received:
    28,727
    From Dan Sheldon in the Athletic:

    “One elephant in the room regarding Sport Republic’s takeover is the club’s £78.8 million loan, borrowed from MSD Holdings in 2020.

    It’s understood that Southampton haven’t got the option to pay it back until June and that conversations will take place with the new owners about when it gets settled.

    No decision has been made at this stage, but The Athletic can reveal that there is an intention to pay down part of this loan as soon as possible.

    Now Southampton will be in a better financial position than before, and the effect on the balance sheet will be positive, this should only lead to more flexibility in the transfer market and other investments within the club.”

    I seem to remember the interest on the MSD loan is around 9%, so the annual payout just to service the loan equates to 2 or 3 players’ wages. It makes no sense to spaff that sort of money if the means are there to pay it off.
     
    #282
    BackFromBeyond and Dark Lord SFC like this.
  3. Number 1 Jasper

    Number 1 Jasper Well-Known Member

    Joined:
    Jan 30, 2011
    Messages:
    22,631
    Likes Received:
    13,003
    Now this is where a simpleton like me completely loses the plot .

    Are we or are we not in a much more comfortable position both short term and long term ?

    I’m not talking about champions league etc , but a secure well run club that knows it’s limits in this mad world ?
     
    #283
  4. Gregm1988

    Gregm1988 Well-Known Member

    Joined:
    Jan 25, 2019
    Messages:
    2,609
    Likes Received:
    1,649
    We are. There was apparently a cash injection on takeover

    And it sounds like there is potentially the means to pay off some or all of the loan early. Which we categorically would not have been able to do under Gao

    Points to a better position overall

    There is clearly funding in the group if the intention is to try and buy more clubs. I will be interested to see if that happens within the next six months or whether it is a much longer term plan
     
    #284
  5. StJabbo1

    StJabbo1 Well-Known Member

    Joined:
    Jun 14, 2019
    Messages:
    4,851
    Likes Received:
    6,257
    And many other fine products such as:-
    upload_2022-1-5_15-37-56.jpeg
    Will it be on the concourse soon?
     
    #285
  6. Number 1 Jasper

    Number 1 Jasper Well-Known Member

    Joined:
    Jan 30, 2011
    Messages:
    22,631
    Likes Received:
    13,003
    Thank you .
     
    #286
  7. StJabbo1

    StJabbo1 Well-Known Member

    Joined:
    Jun 14, 2019
    Messages:
    4,851
    Likes Received:
    6,257
    SFC say welcome to SR
    please log in to view this image
     
    #287
    Last edited: Jan 5, 2022
    Lambertissier likes this.
  8. SaintsFan86

    SaintsFan86 Well-Known Member

    Joined:
    Apr 3, 2011
    Messages:
    4,922
    Likes Received:
    1,860
    I don't know if anyone has seen this, but this is Rasmus Ankerson... I feel really really good about this new regime.

     
    #288
  9. Gregm1988

    Gregm1988 Well-Known Member

    Joined:
    Jan 25, 2019
    Messages:
    2,609
    Likes Received:
    1,649
    Wonder what the quip about Newcastle is all about in this tweet . Haven’t watched the video
     
    #289
  10. PompeyLapras

    PompeyLapras Well-Known Member

    Joined:
    Jun 29, 2011
    Messages:
    10,691
    Likes Received:
    1,502
    So Southampton has now joined some multi-club conglomerate where they're just another club to add to some investor's bunch of play things/clubs. Onward Red Bull Southampton.
     
    #290

  11. tomw24

    tomw24 Well-Known Member
    Forum Moderator

    Joined:
    Jun 9, 2011
    Messages:
    51,644
    Likes Received:
    19,001
    Not yet we haven't!
     
    #291
  12. Schrodinger's Cat

    Schrodinger's Cat Well-Known Member

    Joined:
    Feb 17, 2011
    Messages:
    4,842
    Likes Received:
    6,788
    I think it's more a case of we are going to be the first club and that they hope to add other clubs to an already premium product :emoticon-0102-bigsm
     
    #292
    tiggermaster and tomw24 like this.
  13. PompeyLapras

    PompeyLapras Well-Known Member

    Joined:
    Jun 29, 2011
    Messages:
    10,691
    Likes Received:
    1,502
    No company should own more than one club. But typical of the wild west that is football ownership
     
    #293
  14. timatoketchup

    timatoketchup Well-Known Member

    Joined:
    Feb 8, 2011
    Messages:
    1,565
    Likes Received:
    1,043
    Sour grapes?
     
    #294
    Osvaldorama and SaintsFan86 like this.
  15. Schrodinger's Cat

    Schrodinger's Cat Well-Known Member

    Joined:
    Feb 17, 2011
    Messages:
    4,842
    Likes Received:
    6,788
    I can't see its a problem unless there's conflicts of interest that could affect whether a game is fair, ie 2 clubs owned by the same organisation who play against each other. A feeder club is often used by some big clubs...of course we'd have to set our sights higher than your rabble so I can't see Pompey ever being our feeder club
     
    #295
    BackFromBeyond likes this.
  16. ChilcoSaint

    ChilcoSaint Lives in a Chilcohüttl
    Forum Moderator

    Joined:
    Feb 8, 2011
    Messages:
    33,559
    Likes Received:
    28,727
    Unlike you to put the worst possible spin on something concerning Saints, with scant regard to the facts Laps! Sport Republic are a brand new company and SFC are the first club to be taken over.
     
    #296
    Osvaldorama likes this.
  17. PompeyLapras

    PompeyLapras Well-Known Member

    Joined:
    Jun 29, 2011
    Messages:
    10,691
    Likes Received:
    1,502
    Plus imagine being the fan of one of the non-lead clubs of a conglomerate and knowing that your club is essential just PR for another club. It's why I could never support New York City if I were a new Yorker... I guess New York Red Bulls are probably part of the Red Bull group of clubs, so in that case I wouldn't support them either. Think New Jersey has a team though...
     
    #297
  18. Schrodinger's Cat

    Schrodinger's Cat Well-Known Member

    Joined:
    Feb 17, 2011
    Messages:
    4,842
    Likes Received:
    6,788
    It could happen I suppose that fans of the little clubs in that scenario don't feel as valued, but the financial support and power of a big organisation could be extremely useful in allowing a smaller club to have financial security
     
    #298
    StJabbo1 and tomw24 like this.
  19. tomw24

    tomw24 Well-Known Member
    Forum Moderator

    Joined:
    Jun 9, 2011
    Messages:
    51,644
    Likes Received:
    19,001
    Yeah, just look at RB Salzburg. They keep churning out huge talents and a lot of it is down to the money they receive from Red Bull. They certainly got the resources to be able to build such a good youth system from them.
     
    #299
    Gregm1988 and Schrodinger's Cat like this.
  20. PompeyLapras

    PompeyLapras Well-Known Member

    Joined:
    Jun 29, 2011
    Messages:
    10,691
    Likes Received:
    1,502
    Well now that that dude who always used to post threads about Southampton getting relegated each season (forget his name) has gone or been banned, gotta get the rivalry bantz from somewhere!
     
    #300

Share This Page