Takeover News/Rumours

[Mickdundee]

@Grumpy Old Man it’s probably been already asked but say the new owner/owners want to splash a bit cash £30 million would the other shareholders have to contribute to that said amount, like say SD owns 15% he contributes 15% of said amount and CM 5% of said amount?

I would doubt it. There’s no law that says “if one shareholder pays in x, the others have to pay in y”.

Back in my accountancy practice days (albeit car dealerships and construction companies are a completely different sale to football clubs), a director putting their own money in would be recorded as a “Director’s loan”. They would then draw it down over the years in place of salary etc as the company grew, or for larger amounts they would convert it to shares at some point further down the line when it was beneficial to them.

Potentially, any money KLD puts in could eventually be converted to new shares to dilute the others’ shareholding’s.

 

[Norwich Exile]

No I know they do very well. However it’s noticeable that of the player mentioned as moving on/potential for big fees, not one of them is a centre forward. Besides, if you want to produce forwards surely it’s better to have three than two

They've been there for 3 seasons, the two lads at U16 are England internationals.

 

[Comeback_Kenwyne]

I believe his point is, what if Sartori buys another 10% as part of the deal.

I know, but like come on - Kyril might be young, but I reckon he can count to 50.

 

[Mickdundee]

Will the new situation when it happens see Sartori, Methven snd Donald have over 51% of the overall shareholding, meaning they will have the final say on all major decisions/appointments?
Discuss.

Why do you assume Sartori would side with Donald and Methven?

He came in, pumped in some money, saw bugger all for it. Then he disappeared and reappeared with one of his mates who is going to buy the club.

I suspect Donald brought in Sartori expecting him to bankroll the whole thing without any input into the running. Sartori has had all his plans either fall on deaf ears or met with “ok, you pay for it” and he’s thought “fuck that for 20% of the club” and gone away to find one of his rich mates.

 

[rentaghost]

Why do you assume Sartori would side with Donald and Methven?

He came in, pumped in some money, saw bugger all for it. Then he disappeared and reappeared with one of his mates who is going to buy the club.

I suspect Donald brought in Sartori expecting him to bankroll the whole thing without any input into the running. Sartori has had all his plans either fall on deaf ears or met with “ok, you pay for it” and he’s thought “fuck that for 20% of the club” and gone away to find one of his rich mates.

I just got the impression that Sartori whether at SAFC or previously has just been someone they have used as an illusion of wealth to help persuader previous sellers. I hope he is here to put in some serious money this time.

 

[horselover]

It has not been done yet. The DD was done 4 weeks ago, the hairy one chucked in a better offer that had to be discussed, that was the delay.
His offer was declined. That's what I was told.

 

[Betty Swollocks]

Will the new situation when it happens see Sartori, Methven snd Donald have over 51% of the overall shareholding, meaning they will have the final say on all major decisions/appointments?
Discuss.

Was it an error on your part when you added the reported share allocation of 20% Sartori 15% Donald and 5% Methven and got 51% or do you think Sartori will look to obtain an additional 11% of the shares?

If so does anyone believe that Sartori spent the last 6 months convincing KLD to purchase 60% of the club just to buy 11% from him once it’s complete?

 

[Johnnyh]

Where the hell did you get those figures from ?............ charlie increasing his stake? fekking deplorable!we need to hound these fekkers out!We cannot let don and charlie set foot in the sol again without a jimmy hill type welcome!

Methven is 6 percent apparently was too late to change it when I realised. (senior moment)But these are the figures as reported.

 

[Bears Beets]

It has not been done yet. The DD was done 4 weeks ago, the hairy one chucked in a better offer that had to be discussed, that was the delay.
His offer was declined. That's what I was told.

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[Betty Swollocks]

@Grumpy Old Man it’s probably been already asked but say the new owner/owners want to splash a bit cash £30 million would the other shareholders have to contribute to that said amount, like say SD owns 15% he contributes 15% of said amount and CM 5% of said amount?

I think any money injected by either one of them would be in the form of a loan

 

[Dilligaf60]

What a pile of shite. How on earth can they exempt the Championship when the last club to go into Administration were in that Division? And why do players still pay subs to the PFA when they have done nothing to resist this. Club wants to pay a player a good wage which they believe they can afford and the EFL says no.

I think you may be asking the wrong geezer mate. Rick Parry is the gadgie you need.

 

[Mickdundee]

I just got the impression that Sartori whether at SAFC or previously has just been someone they have used as an illusion of wealth to help persuader previous sellers. I hope he is here to put in some serious money this time.

He seemed genuinely enthusiastic when he first came, put a few million in and started talking about links to Uruguayan clubs etc. Then less than a year later he disappeared never to be heard form again until now. To me that points to a fall out with Donald.

Even if it isn’t, what do Donald and Methven have to gain in trying to meddle in a club in which they hold a minority share? They are clearly wanting to keep shares in order to make more money later - get someone else to complete the job they failed and reap the benefits of the increase in the value of their shares.

 

[Dilligaf60]

That's basically what The Times article said.

Written by a dyed in the wool salad dodger if I’m not mistaken. Now I’m reluctant to cast aspersions on his professional integrity but it wouldn’t be the first time one of the soapdodging scumbags has let his heart rule his head in such matters.

That's basically what The Times article said.

Written by a dyed in the wool salad dodger if I’m not mistaken. Now I’m reluctant to cast aspersions on his professional integrity but it wouldn’t be the first time one of the soapdodging scumbags has let his heart rule his head in such matters.

He been reading Hams Christian Anderson stories

thick as a pork chop so he is.

If Parkinson keeps his job after the takeover are we going to call for another one ?

I wouldn’t, but If he’s still here in January I’d doubt their sanity.

If Parkinson keeps his job after the takeover are we going to call for another one ?

I wouldn’t, but If he’s still here in January I’d doubt their sanity.

So you’re saying they are the definitive figures?
How do we know this is factual?

how do you know they aren’t

 

[10 Gary Rowells]

I think you may be asking the wrong geezer mate. Rick Parry is the gadgie you need.

Aye or maybe the multi millionaire that is Gordon Taylor - I think its amazing that the PFA has just watched these restrictive practices being applied to their members without barely a squeak. Their members wages will be substantially driven down and they've done nothing - can you imagine any other Union accepting this?

 

[Dilligaf60]

Aye or maybe the multi millionaire that is Gordon Taylor - I think its amazing that the PFA has just watched these restrictive practices being applied to their members without barely a squeak. Their members wages will be substantially driven down and they've done nothing - can you imagine any other Union accepting this?

The whole f***ing structure is rotten from top to bottom mate. Has been for decades. The advent of the PL just made it worse. They all have their snouts in the same trough. I doubt the premier league and championship players give a fuck about league 1 and 2 either.

 

[KittenMittens]

@Grumpy Old Man it’s probably been already asked but say the new owner/owners want to splash a bit cash £30 million would the other shareholders have to contribute to that said amount, like say SD owns 15% he contributes 15% of said amount and CM 5% of said amount?

No, basically.

There are a couple of ways you can do it (and I'm sure there are more if you want to get creative) but they can either:

1. buy more shares in the club. They usually need to give the existing shareholders the opportunity to match or buy shares at that price, but assuming Donald didn't, his shareholding would be diluted the more they put in and the more shares were added to the cap table.

2. Put in a loan, which takes precedence both while running the club (ie: they can use club revenue to pay it back over the next few years even if we're not profitable le as Ashley has) and also in the event of a sale is paid off before shareholders get paid their share.

I'm sure GOM can think of other ways, but the main thing is that it's unlikely Donald would allow anything in the Shareholder agreement that allowed him to be diluted entirely.

 

[Lord Nigle]

You said there was no takeover and now you know of DD and other bids. Give owa man

Storey is quite literally a busted flush. As GOM says he will fail the EPL fitness test

 

[Betty Swollocks]

Storey is quite literally a busted flush. As GOM says he will fail the EPL fitness test

He’s never going to get to the point of having to take the test

 

[Grumpy Old Man]

If a club is joint owned by a mix of some people with lots of money to put in and some with none, what happens if the richer owner pumps say £50m into the club ?

Do Donald/CM and Sartori have to proportionally match that investment ? Or does the ownership get restructured ?


Maguire is a good example of one type of league one player.

Some players end up in league one because they reach a consistent level and that level suits league one, whereas some players with a little more technical ability can perform to a slightly higher level than league one but can’t do it consistently and when they are having a bad game they can even play to a level below league one. Maguire is that type of player.

That would depend on how the money was to be put in. This deal can only be a redistribution of the shareholdings in Madrox; it's the only way it works. So we're really talking about cash going into Madrox and thence into the club. If a new shareholder puts in money via loans, then there's no obligation on the others to follow suit. If it was proposed that Madrox issues more share capital, all shareholders would be entitled to buy them at the same price, pro rata to their current holding (eg 15% to Donald). They are not obliged to do so, but if they don't then the inevitable consequence is a dilution of their shareholding.

 

[10 Gary Rowells]

The whole f***ing structure is rotten from top to bottom mate. Has been for decades. The advent of the PL just made it worse. They all have their snouts in the same trough. I doubt the premier league and championship players give a fuck about league 1 and 2 either.

It is beginning to look like a feeder club scenario for L1 and L2. And we know that it doesn't take much to fall through the divisions.