Mark Attanasio

[Jim Smith 2,314]

6 hours ago, essex canary said:

If Foulger sold at even £30 per share he would have made a profit albeit a modest one. Burnley minority shareholders made a huge profit. If investing in say Charlton or Southend 20 years ago, no profits would be available only considerable losses such is the nature of owning shares. 

How is MA's £10 million injection seen as goodwill when at least potentially he can claim a 7% return? 

It certainly is a little peculiar as to how 3 months ago the Club gave the impression that 194,512 ordinary shares would be available for a capital injection but now this appears to be off the agenda for next season.  It perhaps suggests they underestimated the complexities somewhere down the line? Can this really be seen as good management and custodianship?

Everyone has been assuming that you know who are willing to step aside and that MA will acquire a majority stake. I continue to have my doubts that they are willing to. I suspect they will cling on and on to the detriment of the club. 

[PurpleCanary 5,554]

37 minutes ago, Jim Smith said:

Everyone has been assuming that you know who are willing to step aside and that MA will acquire a majority stake. I continue to have my doubts that they are willing to. I suspect they will cling on and on to the detriment of the club. 

No, Jim.

[Davidlingfield 63]

1 hour ago, TIL 1010 said:

Anybody know what the personal detail changes regarding Tom Smith at Companies House relate to ?

Might be his occupation changed to “Business Owner” but not sure what it was before so maybe something else?

[shefcanary 2,385]

Just to add more evidence to the valuation of the club being appropriate at £100m, Swiss Ramble reported yesterday he understood that Bournemouth were sold by their Russian investor to the Americans for £120m last year. [Oh and their wage bill during the promotion season including promotion bonuses was £61m. Meanwhile today Swiss Ramble reports Luton's wage bill in 2021-22 season was only £17.8m, some £100m lower than Norwich's!]

Edited May 23, 2023 by shefcanary

[NewNestCarrow 189]

3 hours ago, shefcanary said:

Meanwhile today Swiss Ramble reports Luton's wage bill in 2021-22 season was only £17.8m, some £100m lower than Norwich's!]

That is an entirely loaded comparison as the clubs were in different divisions.

Luton spent over 100% of their Turnover on wages - for the second season running - something which the current Board of NCFC have always managed to avoid (Promotion bonuses excepted).

[GMF 736]

On 22/05/2023 at 18:17, Jim Smith said:

Everyone has been assuming that you know who are willing to step aside and that MA will acquire a majority stake. I continue to have my doubts that they are willing to. I suspect they will cling on and on to the detriment of the club. 

Assuming, or hoping @Jim Smith?

To be honest, if there’s one take out (of many) from the Stuart Webber interviews, it’s that Mark Attanasio is still very much learning about football. Therefore, irrespective of personal views towards D&M, it’s highly unlikely that they would merely step away just like that, without any period of transition. 

[Soldier on 160]

I’m guessing and this is hypothetical that this season will be the phased handover . Could be wrong though . Likely that when they assume full Control they would like their own people which may mean Webber’s tenure comes to a natural conclusion.

[Google Bot 3,256]

18 minutes ago, Soldier on said:

I’m guessing and this is hypothetical that this season will be the phased handover . Could be wrong though

I think the club will be a project for Mark's son, personally.  With the guidance of his dad. 

[essex canary 491]

2 minutes ago, Google Bot said:

I think the club will be a project for Mark's son, personally.  With the guidance of his dad. 

Nailed on.

[Leedscanary 337]

1 hour ago, Google Bot said:

I think the club will be a project for Mark's son, personally.  With the guidance of his dad. 

Neppo-Attanasio 

[essex canary 491]

36 minutes ago, Leedscanary said:

Neppo-Attanasio 

Likely that dad will be very light touch. If so perhaps a significant difference from the Delia / Nephew Tom scenario?

[Big Vince 318]

18 minutes ago, essex canary said:

Likely that dad will be very light touch. If so perhaps a significant difference from the Delia / Nephew Tom scenario?

What if the boy Attanasio is a lot different from the dad and decides to run the club like the boy Gino at Watford? 

So many unknowns it is not worth the speculation, although it indulges the usual keyboard commentators on this board.

[Google Bot 3,256]

3 minutes ago, Big Vince said:

So many unknowns it is not worth the speculation

The speculation may be a cure for boredom, there's no worth wasted in idle minds medicating themselves.

[PurpleCanary 5,554]

31 minutes ago, Big Vince said:

What if the boy Attanasio is a lot different from the dad and decides to run the club like the boy Gino at Watford? 

So many unknowns it is not worth the speculation, although it indulges the usual keyboard commentators on this board.

😍😜🤩

[Big Vince 318]

48 minutes ago, Google Bot said:

The speculation may be a cure for boredom, there's no worth wasted in idle minds medicating themselves.

There are a lot of workless people on this board whose inactivity and/or economic unviability is a drain on the national exchequer and goes a long way towards explaining a national debt approaching £2.5 trillion. A figure sufficient to make even the eyeballs of the owners of Newcastle and Man C boggle.

[PurpleCanary 5,554]

Jim being typically doom-laden! Despite what he claims I don't think anyone has assumed Attanasio is going to take over from S&J straight away.

As said before, turning a minority stake in to a majority one at a football club can sometimes take years. It did with Arsenal, although the circumstances there were a bit different.

From the start a year ago the whole sense of what both sides were saying was that this was a collaborative project that wasn’t going to be rushed. And as GMF points out, the indication from Webber this week was that Attanasio et al are still learning about English football.

And there have been factual signs that Attanasio was probably not going to be acquiring a majority stake immediately – the seven-year redemption aspect of his purchase of C-Preference shares, potentially leading to the acquisition of more of the controlling Ordinary shares, can be seen that way

And then more obviously the number of new Ordinary shares being created for, one assumes, Attanasio to buy. But by the same token those can both be read as indications that in the longer run the plan is for his to become the owner.

[Big Vince 318]

6 minutes ago, PurpleCanary said:

Jim being typically doom-laden! Despite what he claims I don't think anyone has assumed Attanasio is going to take over from S&J straight away.

As said before, turning a minority stake in to a majority one at a football club can sometimes take years. It did with Arsenal, although the circumstances there were a bit different.

From the start a year ago the whole sense of what both sides were saying was that this was a collaborative project that wasn’t going to be rushed. And as GMF points out, the indication from Webber this week was that Attanasio et al are still learning about English football.

And there have been factual signs that Attanasio was probably not going to be acquiring a majority stake immediately – the seven-year redemption aspect of his purchase of C-Preference shares, potentially leading to the acquisition of more of the controlling Ordinary shares, can be seen that way

And then more obviously the number of new Ordinary shares being created for, one assumes, Attanasio to buy. But by the same token those can both be read as indications that in the longer run the plan is for his to become the owner.

What if some other murderous foreign woman comes along and offers considerably more for the ordinary shares newly created and after their respective brain transplant operations the Socialists decide to accept, leaving Attanasio out in the cold?

[PurpleCanary 5,554]

1 minute ago, Big Vince said:

What if some other murderous foreign woman comes along and offers considerably more for the ordinary shares newly created and after their respective brain transplant operations the Socialists decide to accept, leaving Attanasio out in the cold?

Well, that is indeed a worrisome and all too possible a scenario, and unfortunately I cannot find anything in the UK Takeover Code that rules it out legally, so you need to get some of your bed sheets at the ready.

[GMF 736]

7 minutes ago, Big Vince said:

What if some other murderous foreign woman comes along and offers considerably more for the ordinary shares newly created and after their respective brain transplant operations the Socialists decide to accept, leaving Attanasio out in the cold?

That would constitute a Trigger Event, not least for most of the posters on here… 

[essex canary 491]

35 minutes ago, Big Vince said:

There are a lot of workless people on this board whose inactivity and/or economic unviability is a drain on the national exchequer and goes a long way towards explaining a national debt approaching £2.5 trillion. A figure sufficient to make even the eyeballs of the owners of Newcastle and Man C boggle.

That is because the politicians can't organise a pee up in a brewery.

[It's Character Forming 1,160]

23 minutes ago, PurpleCanary said:

Well, that is indeed a worrisome and all too possible a scenario, and unfortunately I cannot find anything in the UK Takeover Code that rules it out legally, so you need to get some of your bed sheets at the ready.

Disappointing that the Takeover Code doesn't legally rule out the scenario where a murderous foreign woman comes along and "offers considerably more", I'm surprised they've not thought about that one.

[essex canary 491]

On 23/05/2023 at 14:36, NewNestCarrow said:

That is an entirely loaded comparison as the clubs were in different divisions.

Luton spent over 100% of their Turnover on wages - for the second season running - something which the current Board of NCFC have always managed to avoid (Promotion bonuses excepted).

Perhaps consider this season when Luton have no Parachute Receipts. They will have non TV income less than 30% of NCFCs level, broadly the same for the overall Wage bill and around 20% of NCFC's players Wage bill yet a 50% chance they will be in the Premier League next season. Is their Board performing better than ours?

[Mello Yello 2,279]

20 hours ago, Google Bot said:

I think the club will be a project for Mark's son, personally.  With the guidance of his dad. 

Here's hopin' that Marky's lad and Neppers Tom become drinkin' buddies and besties.....Might see them out in the City on the lash after a game....Drinkin' Bud all evening and Kebabs at 2.00am....It'll be Ace...

[Nuff Said 5,089]

17 minutes ago, essex canary said:

Perhaps consider this season when Luton have no Parachute Receipts. They will have non TV income less than 30% of NCFCs level, broadly the same for the overall Wage bill and around 20% of NCFC's players Wage bill yet a 50% chance they will be in the Premier League next season. Is their Board performing better than ours?

Team has less money but performs better than richer club shock! 
 

It’s just not right, the natural order of things is overturned. It’s like us playing and beating … I don’t know … maybe Man City?

[Google Bot 3,256]

3 hours ago, Mello Yello said:

Might see them out in the City on the lash after a game....Drinkin' Bud all evening and Kebabs at 2.00am....It'll be Ace...

Sounds good, that is until Marky Jnr starts to get a bit freaky asking if you've ever tried homemade Milwaukee Mayo before.

[NewNestCarrow 189]

3 hours ago, essex canary said:

Perhaps consider this season when Luton have no Parachute Receipts. They will have non TV income less than 30% of NCFCs level, broadly the same for the overall Wage bill and around 20% of NCFC's players Wage bill yet a 50% chance they will be in the Premier League next season. Is their Board performing better than ours?

Luton Town are still in a stadium that is unsuitable for Champs football, let alone the level above. If they get promoted around ten per cent of their PL TV income will be spent just bringing the ground up to minimum requirements. Eight years after the first planning application for their new stadium no actual building has even taken place, while "detailed design" of the development was only completed in March 2023.  They don't own their training ground and their Academy - despite the clear, historic potential - is not Cat One. Is their Board performing better than ours?

I too can make subjective & out-of-context comparisons.

[Justin time 182]

40 minutes ago, Google Bot said:

Sounds good, that is until Marky Jnr starts to get a bit freaky asking if you've ever tried homemade Milwaukee Mayo before.

Is that another unreliable sauce?

[Google Bot 3,256]

42 minutes ago, Justin time said:

Is that another unreliable sauce?

It's less ITK and more ITM. 

[Mello Yello 2,279]

2 hours ago, Google Bot said:

Sounds good, that is until Marky Jnr starts to get a bit freaky asking if you've ever tried homemade Milwaukee Mayo before.

Is it called Simon?....

[essex canary 491]

7 hours ago, NewNestCarrow said:

Luton Town are still in a stadium that is unsuitable for Champs football, let alone the level above. If they get promoted around ten per cent of their PL TV income will be spent just bringing the ground up to minimum requirements. Eight years after the first planning application for their new stadium no actual building has even taken place, while "detailed design" of the development was only completed in March 2023.  They don't own their training ground and their Academy - despite the clear, historic potential - is not Cat One. Is their Board performing better than ours?

I too can make subjective & out-of-context comparisons.

There are quite a few Football Clubs who don't own their premises. Fortunately we do. A substantial amount of it was owned before the current Board came into place. We haven't capitalised where it matters on the pitch. Or maybe to some extent we have, for example spending £50 million more than comparable clubs on Wages in the PL and failing substantialy when it could have been spent on badly needed ground expansion.