android wrote: ↑Thu Nov 05, 2020 9:02 pm
I think it would also be the case that in any takeover the highest possible number is the figure fed to the public / media. For example, if the bidder is putting up say £180m isn't it possible/likely that say £130m is the offer to shareholders to buy the shares (no direct benefit to the club) and say £50m is a commitment to invest new money into the club.
If you are a shareholder you are obviously interested in both amounts but all fans are particularly interested in the £50m part in my example. (All numbers just for illustration and I claim no inside knowledge)!
Hi android, if you own a few shares, I've got good news for you: whatever figure is reported as the price paid to buy the club will be the price paid to buy the club.... it won't include another figure representing fund to invest in transfers etc. So, if you've got, let's say, 5 shares (you mention "a few") and the club is bought for £180 million (the figure reported by Reuters re ALK Capital) and assuming, of course, that a deal is completed, you will receive 5 x £1,400 = £7,000.
I know nothing about the club's negotiations. I only know the Reuters/ALK Capital and the other stuff reported about Farnell/El Kashashy. I don't know is any of it is accurate, or if any deal will be concluded.
However, the figure reported will only be the figure to buy the club. Why would the media report a higher figure? The most important people in the deal are the buyers and the sellers. The sellers won't want the deal figure inflated above what they will receive.... then spend time explaining to everyone, including the tax man that they sold for less. Equally, the buyers won't want to tie themselves into an specific commitments to invest in the club, player transfers and other stuff. You mention, as an example, £50m. Is that a one off? is that £50m at the next transfer window? or over the next season? or £50m to be invested for X seasons? Of course, the ODT may include discussions with PL on the ability of the new owners to invest in the club. Or, it may not.... based on no apparent requirement for Mike Garlick/John B to be approved with a commitment to fund the club, beyond what the club can afford from tv revenues etc, over previous seasons.
I get it that, as fans, we are interested in the investment in the club. That won't be rolled up into any figure that any buyer pays to acquire the club.
UTC