Investor

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KateR
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Re: Investor

Post by KateR » Thu Aug 06, 2020 8:25 pm

Private shares like these are worth what the owner thinks they are, in many cases it like owning art, you buy what you like and keep it, most basic people don't buy art to make money at it but many do, football is the same to me. The owners are real fans and therefore share ownership is much more valuable to them. Especially the smaller/rest of owners in BFC, they may have bought at 200 or less but probably wont sell for for many factors on that, where the larger shareholders may sell so for the right price and especially if they have issues with other businesses and they need the funds for other critical investments.

Since the days of the 200/share there has been a lot of investment, Cat 1 training & the overall training facilities, the upgrades required when joining the PL etc.

However as a rough calculation, we know what MA was asking and willing to sell Newcastle for, would you (without claret tinted glasses) think BFC was worth the same/more or less factoring in all the influences an investor would look for, size of catchment, ability to promote abroad etc.

We have all seen over decades clubs falling down the league, values must have tumbled, it's a tricky business and mainly a rich persons plaything, finding a mega rich fan helps, yet even in Bolton you can see what outcomes can be.

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Re: Investor

Post by Father Jack » Sat Aug 22, 2020 8:39 am

Not seen anything posted about our takeover recently and how it’s progressing with the Egyptians.
MRG. Danieljwaterhouse. Has anyone heard an update?

Meanwhile looks like someone will be getting some American money soon in the form of the below:
- - -


Scudamore joins Moneyball’s Beane in group aiming to buy Premier League club

The former Premier League boss Richard Scudamore has been appointed to the board of a US-listed company that has been set up to invest in European football, with a Premier League club understood to be top of its wish list.

RedBall Acquisition Corp’s founders had been hoping to raise $500 million in an initial public offering (IPO) last week but high demand from investors meant underwriters sold another $75 million’s worth of shares, bringing the total to $575 million (almost £440 million).

The special purpose acquisition company (SPAC), which is registered in the Cayman Islands, started trading on the New York Stock Exchange this week, with a current share price just over the initial offer of $10.

Also known as blank-check companies, SPACs are publicly listed shell companies created to buy or merge with another company with the money raised from an IPO. That money is held in trust for a specified period — in RedBall’s case, two years — and will be returned to investors if the company fails to complete a deal.

RedBall’s launch is significant for two main reasons: the amount of money it has to invest (a sum that can be greatly increased once a deal is struck) and the calibre of people involved.

Joining Scudamore, who led the Premier League’s rise as to global prominence during his 19 years as chief executive and then executive chairman, on the company’s seven-strong board are co-chairmen Billy Beane and Gerry Cardinale, Volkert Doeksen, Deborah Farrington, Professor Richard Thaler and Lewis Wolff.

Beane is a minority shareholder in Major League Baseball’s (MLB) Oakland Athletics, their former general manager and current executive vice-president of baseball operations. He is perhaps best known for Moneyball, Michael Lewis’s 2003 book about Beane’s data-based approach to baseball. The book was turned into a successful 2011 film, with Brad Pitt playing Beane.

Doeksen and Farrington are leading investors, Thaler is an eminent economist and Wolff is a property developer and veteran sports entrepreneur, having previously owned stakes in the National Hockey League’s St Louis Blues, the National Basketball Association’s (NBA) Golden State Warriors and the Oakland Athletics at a time Beane worked for them. He co-owns Major League Soccer’s San Jose Earthquakes.

The main decision-makers at RedBall, though, will be Beane and Cardinale: a combination of ambition, expertise and financial firepower that has prompted considerable speculation on the British side of the Atlantic as to the nature of their targets.

Cardinale is the founder of RedBird Capital, a New York-based private equity firm that has a proven record in North American sport, having invested in subsidiaries of the National Football League and MLB. It has also recently partnered wrestler turned actor Dwayne ‘The Rock’ Johnson in his purchase of the XFL, the American football league that was shut down by COVID-19 in April weeks into its debut season.

Last month, RedBird FC, the firm’s “European football and analytics platform”, bought 85 per cent of French club Toulouse, who had just been relegated from Ligue 1, and installed Damien Comolli as club president. Comolli was Arsenal’s European scout for seven years, before becoming director of football at Tottenham Hotspur and later Liverpool.

Speaking at a football conference in London in 2017, Beane said he was a “huge fan” of Arsenal because of the way the club was run and a few months later he became a minority shareholder in Championship club Barnsley, who have subsequently pursued a Moneyball approach by investing in youth while running a tight financial ship.

Beane has also been a consultant for AZ Alkmaar, who finished second in the Dutch top flight last season, missing out on the title only on goal difference.

It is his partnership with Cardinale that gives the company its name: RedBird (the cardinal bird, native to the Americas, has red feathers) + Moneyball = RedBall.

Speaking to The Athletic, an experienced football dealmaker described the firm as “fascinating”, but added “they will need to spend their money wisely rather than on Barnsley or Nice” — the French side being another of the clubs the Barnsley ownership group invested in, although they have since sold their stake.

“If they can leverage more money, £300 million on Newcastle United looks like a bargain,” says another British source in the football takeover business.

But RedBall’s high-profile roster goes deeper than the boardroom. Its management team includes Alec Scheiner, a former executive with NFL teams Cleveland Browns and Dallas Cowboys and Luke Bornn, a statistics and analytics expert who helped Roma recruit Mohamed Salah from Chelsea in 2016 and now works for the NBA’s Sacramento Kings.

The company is being advised by Rice, Hadley, Gates & Manuel, a strategic consultancy set up by former US secretary of state Condoleezza Rice, former national security advisor Stephen Hadley, ex-US secretary of defence Robert Gates and former US diplomat Anja Manuel.

Their speciality is overseas investment, leaving Scudamore to provide the more football-specific know-how.

Scudamore, who worked in US media for three years before joining the English Football League as chief executive in 1997, has known Cardinale for several years and has been acting as a sounding board to RedBird Capital since leaving the Premier League in November 2018. For his trouble, he has been given 30,000 shares and will receive $100,000 on what a recent stock-market filing describes as the “successful consummation of a business combination”.

The 60-year-old Bristol City fan’s appointment to the board is a result of RedBird Capital needing to satisfy stock-exchange rules on the new company’s independence, but it is also an indication of where the firm will be looking.

“Baseball is a tricky investment for them, given Beane’s involvement elsewhere,” says an American source who knows the principals involved well.

“The fact Scudamore is there tells you what they’re thinking. The NFL isn’t feasible, they wouldn’t allow a SPAC in. The NBA would be open to it and are desperate for capital but the 24 months start right now. They have a clock ticking. If they don’t buy something in that time, they have to mail their investors back a cheque.

“I know what you’re thinking — $575 million isn’t enough to buy the biggest Premier League clubs — but they could buy £800 million worth of Spurs, for example, £500 million of which is the SPAC, the other £300 million would be from someone else, an anchor investor with their name on the door.

“If you want to sell Spurs but there’s no buyer for the whole thing, you might do this deal. You can sell half the company and, over time, you can do what you want with the rest. It depends how desperate you are to sell. Alternatively, they could potentially go and buy someone like Newcastle.”

While there is no suggestion that RedBall has any interest in either Newcastle or Tottenham, the fact there is a company with this much money burning a hole in its pocket, a deadline for completing a deal, a clear goal in mind and a star-studded cast of potential executives has got tongues wagging.

Six of the Premier League’s 20 clubs are owned or partly owned by Americans, with US investors also in charge or involved at several EFL clubs, including Portsmouth, Swansea City and Wycombe Wanderers.

“The European football economy is in good shape — its commercial revenues are growing, club valuations are growing, the players’ values are growing, the TV ratings are up,” explains American sports business expert Bruce Bundrant, who has worked for Liverpool and Monaco and now runs Riviera Sports Marketing.

“American interest in European football isn’t new but it’s ramped up recently because some organisations are struggling and existing owners are trying to get out. Another factor is that it’s hard to get into US sport — the valuations are astronomical and minority stakes are rare. But for £200 million you could buy Southampton, for example. The prices are appealing.”

Danieljwaterhouse
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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 9:58 am

I haven’t seen anything to suggest it’s stuck or not moving forward.

Last I heard/saw was that the agreements were in place, price agreed and that an approach for fit and proper was being structured to be palatable following the Newcastle debacle.

There were some positive discussions with LCC and Burnley council about the issues around the ground, and town should Lancashire become a devolved authority from central government in the coming years.

Danieljwaterhouse
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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 10:04 am

I would imagine though Covid-19 has opened up a treasure chest to sports investors. We’re lucky we are at the top table already!

GodIsADeeJay81
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Re: Investor

Post by GodIsADeeJay81 » Sat Aug 22, 2020 10:05 am

Danieljwaterhouse wrote:
Sat Aug 22, 2020 9:58 am
I haven’t seen anything to suggest it’s stuck or not moving forward.

Last I heard/saw was that the agreements were in place, price agreed and that an approach for fit and proper was being structured to be palatable following the Newcastle debacle.

There were some positive discussions with LCC and Burnley council about the issues around the ground, and town should Lancashire become a devolved authority from central government in the coming years.
If it has to be structured to be palatable then that suggests the owners aren't fit and proper already.

claptrappers_union
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Re: Investor

Post by claptrappers_union » Sat Aug 22, 2020 10:11 am

I wouldn’t want Scudamore near our club. He won’t get what its about.

claretandy
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Re: Investor

Post by claretandy » Sat Aug 22, 2020 10:13 am

Danieljwaterhouse wrote:
Sat Aug 22, 2020 9:58 am
I haven’t seen anything to suggest it’s stuck or not moving forward.

Last I heard/saw was that the agreements were in place, price agreed and that an approach for fit and proper was being structured to be palatable following the Newcastle debacle.

There were some positive discussions with LCC and Burnley council about the issues around the ground, and town should Lancashire become a devolved authority from central government in the coming years.
Any idea on timescale ? before the season starts ?

Danieljwaterhouse
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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 10:17 am

GodIsADeeJay81 wrote:
Sat Aug 22, 2020 10:05 am
If it has to be structured to be palatable then that suggests the owners aren't fit and proper already.
PR is key, look at Leicester. It’s just good business to ensure you’ve got a good forward facing project.

Danieljwaterhouse
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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 10:21 am

claretandy wrote:
Sat Aug 22, 2020 10:13 am
Any idea on timescale ? before the season starts ?
That I don’t know

GodIsADeeJay81
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Re: Investor

Post by GodIsADeeJay81 » Sat Aug 22, 2020 10:45 am

Couldn't be anymore vague if you tried.

When's it happening.

"dunno but it will"

:lol:

Danieljwaterhouse
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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 10:52 am

GodIsADeeJay81 wrote:
Sat Aug 22, 2020 10:45 am
Couldn't be anymore vague if you tried.

When's it happening.

"dunno but it will"

:lol:
As it’s not my deal, or my money, or my club. I can’t know what’s exactly going on...

But yeah okay, you got me

Chester Perry
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Re: Investor

Post by Chester Perry » Sat Aug 22, 2020 10:59 am

Father Jack wrote:
Sat Aug 22, 2020 8:39 am
Not seen anything posted about our takeover recently and how it’s progressing with the Egyptians.
MRG. Danieljwaterhouse. Has anyone heard an update?

Meanwhile looks like someone will be getting some American money soon in the form of the below:
- - -


Scudamore joins Moneyball’s Beane in group aiming to buy Premier League club

The former Premier League boss Richard Scudamore has been appointed to the board of a US-listed company that has been set up to invest in European football, with a Premier League club understood to be top of its wish list.

RedBall Acquisition Corp’s founders had been hoping to raise $500 million in an initial public offering (IPO) last week but high demand from investors meant underwriters sold another $75 million’s worth of shares, bringing the total to $575 million (almost £440 million).

The special purpose acquisition company (SPAC), which is registered in the Cayman Islands, started trading on the New York Stock Exchange this week, with a current share price just over the initial offer of $10.

Also known as blank-check companies, SPACs are publicly listed shell companies created to buy or merge with another company with the money raised from an IPO. That money is held in trust for a specified period — in RedBall’s case, two years — and will be returned to investors if the company fails to complete a deal.

RedBall’s launch is significant for two main reasons: the amount of money it has to invest (a sum that can be greatly increased once a deal is struck) and the calibre of people involved.

Joining Scudamore, who led the Premier League’s rise as to global prominence during his 19 years as chief executive and then executive chairman, on the company’s seven-strong board are co-chairmen Billy Beane and Gerry Cardinale, Volkert Doeksen, Deborah Farrington, Professor Richard Thaler and Lewis Wolff.

Beane is a minority shareholder in Major League Baseball’s (MLB) Oakland Athletics, their former general manager and current executive vice-president of baseball operations. He is perhaps best known for Moneyball, Michael Lewis’s 2003 book about Beane’s data-based approach to baseball. The book was turned into a successful 2011 film, with Brad Pitt playing Beane.

Doeksen and Farrington are leading investors, Thaler is an eminent economist and Wolff is a property developer and veteran sports entrepreneur, having previously owned stakes in the National Hockey League’s St Louis Blues, the National Basketball Association’s (NBA) Golden State Warriors and the Oakland Athletics at a time Beane worked for them. He co-owns Major League Soccer’s San Jose Earthquakes.

The main decision-makers at RedBall, though, will be Beane and Cardinale: a combination of ambition, expertise and financial firepower that has prompted considerable speculation on the British side of the Atlantic as to the nature of their targets.

Cardinale is the founder of RedBird Capital, a New York-based private equity firm that has a proven record in North American sport, having invested in subsidiaries of the National Football League and MLB. It has also recently partnered wrestler turned actor Dwayne ‘The Rock’ Johnson in his purchase of the XFL, the American football league that was shut down by COVID-19 in April weeks into its debut season.

Last month, RedBird FC, the firm’s “European football and analytics platform”, bought 85 per cent of French club Toulouse, who had just been relegated from Ligue 1, and installed Damien Comolli as club president. Comolli was Arsenal’s European scout for seven years, before becoming director of football at Tottenham Hotspur and later Liverpool.

Speaking at a football conference in London in 2017, Beane said he was a “huge fan” of Arsenal because of the way the club was run and a few months later he became a minority shareholder in Championship club Barnsley, who have subsequently pursued a Moneyball approach by investing in youth while running a tight financial ship.

Beane has also been a consultant for AZ Alkmaar, who finished second in the Dutch top flight last season, missing out on the title only on goal difference.

It is his partnership with Cardinale that gives the company its name: RedBird (the cardinal bird, native to the Americas, has red feathers) + Moneyball = RedBall.

Speaking to The Athletic, an experienced football dealmaker described the firm as “fascinating”, but added “they will need to spend their money wisely rather than on Barnsley or Nice” — the French side being another of the clubs the Barnsley ownership group invested in, although they have since sold their stake.

“If they can leverage more money, £300 million on Newcastle United looks like a bargain,” says another British source in the football takeover business.

But RedBall’s high-profile roster goes deeper than the boardroom. Its management team includes Alec Scheiner, a former executive with NFL teams Cleveland Browns and Dallas Cowboys and Luke Bornn, a statistics and analytics expert who helped Roma recruit Mohamed Salah from Chelsea in 2016 and now works for the NBA’s Sacramento Kings.

The company is being advised by Rice, Hadley, Gates & Manuel, a strategic consultancy set up by former US secretary of state Condoleezza Rice, former national security advisor Stephen Hadley, ex-US secretary of defence Robert Gates and former US diplomat Anja Manuel.

Their speciality is overseas investment, leaving Scudamore to provide the more football-specific know-how.

Scudamore, who worked in US media for three years before joining the English Football League as chief executive in 1997, has known Cardinale for several years and has been acting as a sounding board to RedBird Capital since leaving the Premier League in November 2018. For his trouble, he has been given 30,000 shares and will receive $100,000 on what a recent stock-market filing describes as the “successful consummation of a business combination”.

The 60-year-old Bristol City fan’s appointment to the board is a result of RedBird Capital needing to satisfy stock-exchange rules on the new company’s independence, but it is also an indication of where the firm will be looking.

“Baseball is a tricky investment for them, given Beane’s involvement elsewhere,” says an American source who knows the principals involved well.

“The fact Scudamore is there tells you what they’re thinking. The NFL isn’t feasible, they wouldn’t allow a SPAC in. The NBA would be open to it and are desperate for capital but the 24 months start right now. They have a clock ticking. If they don’t buy something in that time, they have to mail their investors back a cheque.

“I know what you’re thinking — $575 million isn’t enough to buy the biggest Premier League clubs — but they could buy £800 million worth of Spurs, for example, £500 million of which is the SPAC, the other £300 million would be from someone else, an anchor investor with their name on the door.

“If you want to sell Spurs but there’s no buyer for the whole thing, you might do this deal. You can sell half the company and, over time, you can do what you want with the rest. It depends how desperate you are to sell. Alternatively, they could potentially go and buy someone like Newcastle.”

While there is no suggestion that RedBall has any interest in either Newcastle or Tottenham, the fact there is a company with this much money burning a hole in its pocket, a deadline for completing a deal, a clear goal in mind and a star-studded cast of potential executives has got tongues wagging.

Six of the Premier League’s 20 clubs are owned or partly owned by Americans, with US investors also in charge or involved at several EFL clubs, including Portsmouth, Swansea City and Wycombe Wanderers.

“The European football economy is in good shape — its commercial revenues are growing, club valuations are growing, the players’ values are growing, the TV ratings are up,” explains American sports business expert Bruce Bundrant, who has worked for Liverpool and Monaco and now runs Riviera Sports Marketing.

“American interest in European football isn’t new but it’s ramped up recently because some organisations are struggling and existing owners are trying to get out. Another factor is that it’s hard to get into US sport — the valuations are astronomical and minority stakes are rare. But for £200 million you could buy Southampton, for example. The prices are appealing.”
I have been posting about Redball Acquisitions for a few weeks now on the MMT thread, there are a number of Private Equity firms build funds to buy into sports. Redball's own finding drive was substantially oversubscribed, there is real interest for any number of reasons but the likelihood of get access direct to consumers is one of the current hot drivers - I posted something about that only yesterday - if you want to know more about Private equity SPAC's looking to invest in football - try these

search.php?keywords=vultures&t=20891&sf=msgonly

Chester Perry
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Re: Investor

Post by Chester Perry » Sat Aug 22, 2020 11:09 am

Danieljwaterhouse wrote:
Sat Aug 22, 2020 9:58 am
I haven’t seen anything to suggest it’s stuck or not moving forward.

Last I heard/saw was that the agreements were in place, price agreed and that an approach for fit and proper was being structured to be palatable following the Newcastle debacle.

There were some positive discussions with LCC and Burnley council about the issues around the ground, and town should Lancashire become a devolved authority from central government in the coming years.
The Newcastle issue was just one of Company Law around who the ultimate owner was, not the Owners and Directors test per-se - very clever actually

Note with interest the discussions with local and regional authorities, that suggests that the club themselves have significant plans that the Investor(s) are buying into or there is a commitment to buy into the town in the way CFG have in Manchester and the Saudis/Reuben's were talking about Newcastle - though I am far from convinced that is a good thing, Yes a large tranche of Manchester has been redeveloped but there are horror stories slowly emerging about the way properties are managed and I am far from convinced a City of that size needs a second 20k + seater indoor arena that CFG are currently trying to force through planning.

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Re: Investor

Post by NewClaret » Sat Aug 22, 2020 11:10 am

claptrappers_union wrote:
Sat Aug 22, 2020 10:11 am
I wouldn’t want Scudamore near our club. He won’t get what its about.
Would any “investor”? They’re just here to make money.

One thing about Scudamore is he’s presumably have the contacts to develop the commercial side of the club.

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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 11:21 am

Image
Chester Perry wrote:
Sat Aug 22, 2020 11:09 am
The Newcastle issue was just one of Company Law around who the ultimate owner was, not the Owners and Directors test per-se - very clever actually

Note with interest the discussions with local and regional authorities, that suggests that the club themselves have significant plans that the Investor(s) are buying into or there is a commitment to buy into the town in the way CFG have in Manchester and the Saudis/Reuben's were talking about Newcastle - though I am far from convinced that is a good thing, Yes a large tranche of Manchester has been redeveloped but there are horror stories slowly emerging about the way properties are managed and I am far from convinced a City of that size needs a second 20k + seater indoor arena that CFG are currently trying to force through planning.
My understanding is that the discussions have been around local community investment and creating a northern ‘silicon valley’. They want assurances that if Lancashire becomes devolved then the my would retain the ability to pursue this with favourable terms.

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Re: Investor

Post by Hedontplayforyou » Sat Aug 22, 2020 11:22 am

I have little if not not knowledge at all of a potential takeover. Are Burnley in talks to be taken over and if so who by?

The only thing I have read was the articles about the Egyptian/American possible interest in the club several weeks ago.

Anybody shed any light for me , cheers?

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Re: Investor

Post by NewClaret » Sat Aug 22, 2020 11:27 am

Hedontplayforyou wrote:
Sat Aug 22, 2020 11:22 am
I have little if not not knowledge at all of a potential takeover. Are Burnley in talks to be taken over and if so who by?

The only thing I have read was the articles about the Egyptian/American possible interest in the club several weeks ago.

Anybody shed any light for me , cheers?
Me either. Quick summary about who and how rich they are would be much appreciated.

NewClaret
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Re: Investor

Post by NewClaret » Sat Aug 22, 2020 11:31 am

Danieljwaterhouse wrote:
Sat Aug 22, 2020 11:21 am
Image

My understanding is that the discussions have been around local community investment and creating a northern ‘silicon valley’. They want assurances that if Lancashire becomes devolved then the my would retain the ability to pursue this with favourable terms.
I don’t really want outside investment. I know it’s inevitable that the club can’t be locally owned forever but I’d prefer we did it our way for as long as possible.

That said, I’d be much keener on an investor prepared to invest in the local community as it would represent ties outside of the club itself and a broader commitment to the area. I’d prefer that to be in property/regeneration but entirely agree there’s a whole “Silicon Valley” opportunity in our area to refocus the economy on the tech jobs of the future.

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Re: Investor

Post by ClaretTony » Sat Aug 22, 2020 11:42 am

claptrappers_union wrote:
Sat Aug 22, 2020 10:11 am
I wouldn’t want Scudamore near our club. He won’t get what its about.
Scudamore is a big Bristol City fan, I think his accent gives that away a bit. He's probably been as good as anyone in the Premier League era who has engaged and consulted with fans. The one thing with Scudamore is that he's a proper football man.
This user liked this post: Danieljwaterhouse

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Re: Investor

Post by Chester Perry » Sat Aug 22, 2020 11:53 am

Danieljwaterhouse wrote:
Sat Aug 22, 2020 11:21 am
Image

My understanding is that the discussions have been around local community investment and creating a northern ‘silicon valley’. They want assurances that if Lancashire becomes devolved then the my would retain the ability to pursue this with favourable terms.
I would suspect that the council are getting quite excited by that prospect though no doubt will be treating the process with caution -

I have been saying for quite some time that:

- The club being in the Premier League is more important to the town than the club as it attracts inward economic investment and growth - this is more important for old industrial towns than it is for Cities or places such as Bournemouth - though it helps there too.
- For the club to progress/grow the town and surrounding area needs to develop economically too otherwise there is no opportunity for real growth, not too convinced by the "Silicon Valley" approach, lots of places doing that. We are an area of specialist engineers, they are much harder to come by and the tradition of such skill and apprenticeships is still valued in this area. There is a whole area of post Chinese supplier reliance on such activity to be exploited.

I watch with interest (and a little caution)

NewClaret
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Re: Investor

Post by NewClaret » Sat Aug 22, 2020 11:58 am

ClaretTony wrote:
Sat Aug 22, 2020 11:42 am
Scudamore is a big Bristol City fan, I think his accent gives that away a bit. He's probably been as good as anyone in the Premier League era who has engaged and consulted with fans. The one thing with Scudamore is that he's a proper football man.
Never really listened to him (or know much about him) but suspect we could do much worse given his career.

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Re: Investor

Post by BenWickes » Sat Aug 22, 2020 12:01 pm

Danieljwaterhouse wrote:
Sat Aug 22, 2020 11:21 am
Image

My understanding is that the discussions have been around local community investment and creating a northern ‘silicon valley’. They want assurances that if Lancashire becomes devolved then the my would retain the ability to pursue this with favourable terms.
It ties in with what I'd heard over the past few weeks and why I have no reason to doubt DanielJwaterhouse. As above I watch on with cautious optimism.

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Re: Investor

Post by ClaretTony » Sat Aug 22, 2020 12:04 pm

NewClaret wrote:
Sat Aug 22, 2020 11:58 am
Never really listened to him (or know much about him) but suspect we could do much worse given his career.
I'm not suggesting a link with us. Because he was CEO of the Premier League for so long I think a lot of football fans dismiss him as just a suit type but he is a real football fan and I think it pained him that he was running the Premier League but his team couldn't get into it.

Crewe claret
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Re: Investor

Post by Crewe claret » Sat Aug 22, 2020 12:06 pm

Usually if there is even a whiff of an investment in a premier league club the media is all over it,absolutely nothing about this supposed investment anywhere so where is this story coming from has anybody got any proof this is happening

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Re: Investor

Post by claretandy » Sat Aug 22, 2020 12:20 pm

Crewe claret wrote:
Sat Aug 22, 2020 12:06 pm
Usually if there is even a whiff of an investment in a premier league club the media is all over it,absolutely nothing about this supposed investment anywhere so where is this story coming from has anybody got any proof this is happening
It has been in the media, but like with most things the club try to keep things quiet.

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Re: Investor

Post by BenWickes » Sat Aug 22, 2020 12:20 pm

Crewe claret wrote:
Sat Aug 22, 2020 12:06 pm
Usually if there is even a whiff of an investment in a premier league club the media is all over it,absolutely nothing about this supposed investment anywhere so where is this story coming from has anybody got any proof this is happening
Well there certainly has been media coverage locally and nationally. These negotiations can go on for months on end between parties before the media is aware though. It's not like popping to the supermarket and buying it off the shelf.

https://www.telegraph.co.uk/football/20 ... y-premier/

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Re: Investor

Post by Chester Perry » Sat Aug 22, 2020 12:27 pm

ClaretTony wrote:
Sat Aug 22, 2020 12:04 pm
I'm not suggesting a link with us. Because he was CEO of the Premier League for so long I think a lot of football fans dismiss him as just a suit type but he is a real football fan and I think it pained him that he was running the Premier League but his team couldn't get into it.
Like you, I thought there were decisions taken by the Premier League which really pained him, the work he did in limiting the land grab on the Overseas Media rights from the big six was really well done in the end, though it seemed he himself was keen to maintain the equal share status quo. People forget he was the employee of the clubs (the shareholders in the Premier League) most of the time spent away from skilfully managing the media partnerships (I have posted a few examples recently in the MMT thread of the difference in approach between the Premier League, the other big leagues and UEFA/FIFA in this area - The Premier League are hands down the best in world football at this) was actually reminding the clubs that the competition (and therefore the product) is strengthened by a more equal share of revenues.

In the end I believe he just got tired of having to deal with increasingly more selfish owners at the big clubs, especially Man City - Ferran Sorriano has to be the most blinkered executive in the game, he freely admits he doesn't care one jot about the game as a whole he wants to win everything all the time and dominate irrespective of what is does to the game.

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Re: Investor

Post by Chester Perry » Sat Aug 22, 2020 12:29 pm

Crewe claret wrote:
Sat Aug 22, 2020 12:06 pm
Usually if there is even a whiff of an investment in a premier league club the media is all over it, absolutely nothing about this supposed investment anywhere so where is this story coming from has anybody got any proof this is happening
If it is splashed in the media it almost never happens (certainly not the good ones) - like all the most exciting transfers you find out about them when they are signed and sealed

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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 12:34 pm

Crewe claret wrote:
Sat Aug 22, 2020 12:06 pm
Usually if there is even a whiff of an investment in a premier league club the media is all over it,absolutely nothing about this supposed investment anywhere so where is this story coming from has anybody got any proof this is happening
The investors/buyers have been mentioned previously in this thread, it’s also been widely spoken about in the media.

Without all that you can ‘see’ in way in which the club is or has been arranging itself that it’s being prepared for sale/investment.

I would hope it would be done to have an affect on this window.

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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 12:35 pm

You can usually tell when something has traction, the thread is allowed to go on and then gets pulled when an article is ready to be published...

So when this goes, we’re days away! 😂

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Re: Investor

Post by Crewe claret » Sat Aug 22, 2020 12:41 pm

Danieljwaterhouse wrote:
Sat Aug 22, 2020 12:35 pm
You can usually tell when something has traction, the thread is allowed to go on and then gets pulled when an article is ready to be published...

So when this goes, we’re days away! 😂
Over to you claret Tony 😁

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Re: Investor

Post by ClaretTony » Sat Aug 22, 2020 12:44 pm

Danieljwaterhouse wrote:
Sat Aug 22, 2020 12:35 pm
You can usually tell when something has traction, the thread is allowed to go on and then gets pulled when an article is ready to be published...

So when this goes, we’re days away! 😂
What a load of nonsense
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Re: Investor

Post by Danieljwaterhouse » Sat Aug 22, 2020 12:47 pm

ClaretTony wrote:
Sat Aug 22, 2020 12:44 pm
What a load of nonsense
The investment/sale, or the editorial stance of the board?

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Re: Investor

Post by ClaretTony » Sat Aug 22, 2020 12:49 pm

Danieljwaterhouse wrote:
Sat Aug 22, 2020 12:47 pm
The investment/sale, or the editorial stance of the board?
The comment you made about the board - utter nonsense

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Re: Investor

Post by bfcjg » Sat Aug 22, 2020 1:01 pm

I just don't feel comfortable with non Clarets owning the club. Might be a bit off a luddite it's just a gut instinct.
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Re: Investor

Post by ClaretTony » Sat Aug 22, 2020 1:13 pm

bfcjg wrote:
Sat Aug 22, 2020 1:01 pm
I just don't feel comfortable with non Clarets owning the club. Might be a bit off a luddite it's just a gut instinct.
Have to be concerns if there is someone coming in from outside in terms of having no connection with the club. There are so many examples of things going wrong. For every Man City, Chelsea or Leicester there are so many where it’s gone wrong. All seems well now at Liverpool but the previous owners almost took them out of business. Many clubs with a history of problems with owners, and not just foreign owners either.

It will be a nervous time of and when it happens, that’s for sure. Some fans will welcome it with open arms because we’ve got ourselves in a position (mid table in the Premier League) where it will be very difficult to move on.

I am very much in the concerned group.
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Re: Investor

Post by Bordeauxclaret » Sat Aug 22, 2020 1:18 pm

What chances are people giving this being correct and a takeover is imminent? 50%

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Re: Investor

Post by ClaretTony » Sat Aug 22, 2020 1:23 pm

Bordeauxclaret wrote:
Sat Aug 22, 2020 1:18 pm
What chances are people giving this being correct and a takeover is imminent? 50%
I don’t believe anything is imminent

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Re: Investor

Post by Steddyman » Sat Aug 22, 2020 2:00 pm

I'm for it, but it would have to be the right investor for the right reason. It is clear we cannot progress from where we are without outside investment, and Covid-19 has stretched the clubs finances even more than normal. It will be a testing season without it.

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Re: Investor

Post by Father Jack » Sat Aug 22, 2020 2:07 pm

Danieljwaterhouse wrote:
Sat Aug 22, 2020 9:58 am
I haven’t seen anything to suggest it’s stuck or not moving forward.

Last I heard/saw was that the agreements were in place, price agreed and that an approach for fit and proper was being structured to be palatable following the Newcastle debacle.

There were some positive discussions with LCC and Burnley council about the issues around the ground, and town should Lancashire become a devolved authority from central government in the coming years.
Am surprised there’s been no leak over names for individuals and groups involved given this continues to sound fairly well progressed and progressing. All we know so far is Egyptian.

Are applications for approval against the fit and proper person test in the public domain or could it be kept privately even at that stage?

Assume there’ll have to be an announcement from the club when a takeover deal is agreed subject to the ownership test?
Last edited by Father Jack on Sat Aug 22, 2020 2:08 pm, edited 1 time in total.

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Re: Investor

Post by redcloud203 » Sat Aug 22, 2020 2:07 pm

100 % agree Steddyman . The more investment / equity in the club and the better chance we have to progress / survive in this unforgiving league

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Re: Investor

Post by Chester Perry » Sat Aug 22, 2020 2:13 pm

Father Jack wrote:
Sat Aug 22, 2020 2:07 pm
Are applications for approval against the fit and proper person test in the public domain or could it be kept privately even at that stage?

Assume there’ll have to be an announcement from the club when a takeover deal is agreed subject to the ownership test?
The answer is no on both accounts - usually subject to non-disclosure agreements

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Re: Investor

Post by Hedontplayforyou » Sat Aug 22, 2020 2:16 pm

How sure are we that it is actually just the Egyptians? If it is actually then at all?

Who are they?
How much are they worth?

Do we know any of this?

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Re: Investor

Post by GodIsADeeJay81 » Sat Aug 22, 2020 2:28 pm

redcloud203 wrote:
Sat Aug 22, 2020 2:07 pm
100 % agree Steddyman . The more investment / equity in the club and the better chance we have to progress / survive in this unforgiving league
How much investment is needed?

City have spent £1 billion ish under Pep.
Everton have spent a good few hundred million since their new owner rocked up.

Villa spent over £100 million last summer and only just survived whilst Fulham went down after spending a similar amount the year before.

It's all well and good wanting investment and money to be spent but it needs to be with the right manager and a board with an agreed vision.

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Re: Investor

Post by Hedontplayforyou » Sat Aug 22, 2020 2:34 pm

Already got the manager
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Re: Investor

Post by GodIsADeeJay81 » Sat Aug 22, 2020 3:40 pm

Hedontplayforyou wrote:
Sat Aug 22, 2020 2:34 pm
Already got the manager
A new investor/owner could soon change that.

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Re: Investor

Post by ClaretTony » Sat Aug 22, 2020 3:46 pm

GodIsADeeJay81 wrote:
Sat Aug 22, 2020 3:40 pm
A new investor/owner could soon change that.
That’s how Watford managed to lose the man who could have become their best manager in years
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Re: Investor

Post by claretandy » Sat Aug 22, 2020 3:47 pm

GodIsADeeJay81 wrote:
Sat Aug 22, 2020 3:40 pm
A new investor/owner could soon change that.
It would be ironic if a new investor potted Dyche when he's been asking for the purse strings to be loosened.
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Re: Investor

Post by burnleymik » Sat Aug 22, 2020 4:02 pm

I think with some good financial backing Dyche could easily take us to the next level. Would love to see it happen.
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Re: Investor

Post by mdd2 » Sat Aug 22, 2020 4:09 pm

I seem to remember Cotterill getting poorer results once he got a reasonable amount of money once Flood came on board.
Money and managers do not alway produce

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