Radio 5 interview - takeover

[dylanisabaddog 6,131]

There was an interview with a football finance specialist on Wake Up To Money on Radio 5 Live this morning. He talked at length about the difficulties and complexities of buying a club. He said he was currently working with a Championship club where the potential buyer wanted overall control and the seller was open to sale or investment. I've no idea if any other clubs are in our position at the moment but I thought it was a bit indiscreet. 

[The Bristol Nest 597]

Interesting. That could be any club to be fair. 

[norfolkngood 1,174]

19 minutes ago, dylanisabaddog said:

There was an interview with a football finance specialist on Wake Up To Money on Radio 5 Live this morning. He talked at length about the difficulties and complexities of buying a club. He said he was currently working with a Championship club where the potential buyer wanted overall control and the seller was open to sale or investment. I've no idea if any other clubs are in our position at the moment but I thought it was a bit indiscreet. 

i have no idea about these things but i would think it was easier if a owner wanted to sell completely ? ,

if Delia and Micheal said they want 60 million for their shares then if someone wanted to buy them out isn't that easy ? 

 

[BigFish 2,282]

1 minute ago, norfolkngood said:

i have no idea about these things but i would think it was easier if a owner wanted to sell completely ? ,

if Delia and Micheal said they want 60 million for their shares then if someone wanted to buy them out isn't that easy ? 

 

No

[NFN FC 1,142]

34 minutes ago, BigFish said:

No

We'll that cleared that up then 😂

[shefcanary 2,950]

34 minutes ago, norfolkngood said:

if Delia and Micheal said they want 60 million for their shares then if someone wanted to buy them out isn't that easy ? 

 

If we ignore the recent share allotment offer in theory this would be a private transaction initially and relatively straghtforward if both parties fully agreed with the terms of it. Once completed, as the club is a plc, MA would be compelled under Companies Act rules to offer to buy all remaining shares at the price per share paid to Smith & Jones, unless MA had paid someone a higher price per share in the preceding 12 months when he would have to offer that higher price. This is on the basis he had now moved over the 30% shareholding limit that triggers this.

He may also in buying Smith & Jones shares take his total shareholding over 85% (there is considerable doubt over how many shares he actually holds at the moment), if so then he can force other shareholders to sell to him at that higher price.

BUT, the share allotment agreed at the February GM totally screws that simple process up! So Big Fish's succinct reply holds; it may have seemed simple on paper, but the protection of minority shareholdings in a plc means the authorities have to be absolutely sure those minorities will not suffer financially as a consequence of this deal, unless of course those minorities are happy to make such a loss. Hence all the talk of "waivers", further shareholder votes and Ethics' ncreasing excitement!

[essex canary 622]

If S&J want £60 million for 320,000 shares, it follows that if they also owned the minorities shares that they couldn't afford at the tine, they would then want £90 million for 480,000 shares. That being the case why shouldn't the minorities simply take their cut which (Foulger notwithstanding) would presumably be a rubber stamping job for the Takeover Panel? The latter wouldn't be involved anyway if it wasn't for £2 million raised 21 years ago. Thus it always seems complicated with S&J.

Perhaps those figures would be reasonable if we had achieved what Burnley or Brentford or Luton have done? As it is I think half of that would be a good outcome. Just get on with it.

[stratton canary 162]

It's getting boring now, just get it done! 

[Capt. Pants 5,005]

2 hours ago, stratton canary said:

It's getting boring now, just get it done! 

It gets boring when threads on the subject get derailed by petty squabbles.

I'd probably like to know more on the detail of what's going on but I can't be bothered to trawl through pages of arguments.

I'm starting to feel ambivalent about the whole thing now.

 

[Midlands Yellow 4,682]

5 minutes ago, Capt. Pants said:

It gets boring when threads on the subject get derailed by petty squabbles.

I'd probably like to know more on the detail of what's going on but I can't be bothered to trawl through pages of arguments.

I'm starting to feel ambivalent about the whole thing now.

 

It’s only been 14 months, what’s the rush. 

[dylanisabaddog 6,131]

1 hour ago, Capt. Pants said:

It gets boring when threads on the subject get derailed by petty squabbles.

I'd probably like to know more on the detail of what's going on but I can't be bothered to trawl through pages of arguments.

I'm starting to feel ambivalent about the whole thing now.

 

Ambivalent is hereby declared the Pinkun word of the week. 

[Parma Ham's gone mouldy 2,461]

8 hours ago, dylanisabaddog said:

There was an interview with a football finance specialist on Wake Up To Money on Radio 5 Live this morning. He talked at length about the difficulties and complexities of buying a club. He said he was currently working with a Championship club where the potential buyer wanted overall control and the seller was open to sale or investment. I've no idea if any other clubs are in our position at the moment but I thought it was a bit indiscreet. 

Who was this Dylan? 

I’ve scanned through it on sounds and couldn’t find it..

Parma 

[dylanisabaddog 6,131]

8 hours ago, Parma Ham's gone mouldy said:

Who was this Dylan? 

I’ve scanned through it on sounds and couldn’t find it..

Parma 

It was between 5am and 6am on Friday 7 July.