DesertFox
Well-Known Member
"Tim Nice But Dim" I believe
Mandaric on way???
- Thread starter Dangeruss
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Stevie Lynex on the wing
Active Member
No balls, No brass, No brain, Nobby ??????? Glad you asked MHS I'm sure someone on here will soon tell us.:icon_bigg
DesertFox
Well-Known Member
Ahem.... I just did! :icon_roll
Real Sharapova
Well-Known Member
Any journalist ( even at RL ) with a big story such as this would not keep it under his/her hat. I find it unbelievable so much hot air has been generated by a small gossip piece in the NOTW, bearing in mind the piece had no byline or quoted any sources. The real world becons, and it doesn't involve MM.
drummindefender
Active Member
i wasn't being serious-just pointing out how rl are in the clubs pocket 
Real Sharapova
Well-Known Member
I know what you mean, but when we went into admin we very nearly had sod all ,let alone a team to support. The fact we have an ish solvent football club with some decent homegrown youngsters coming through should remind some people how far we have come since then without a sugar daddy to help us/asset strip us. Beware Greeks ( or American based East Europeans ) bearing gifts. It'll all end in tears at some stage.
Leigh
Well-Known Member
I'm sure the interview won't involve anything new, although it will be interesting to hear him speak on the subject, it's the lack of a straight denile that is fanning all the speculation... and the fact that most of us want to believe it'll happen, and it's more interesting to talk about than a shite attendance against Macclesfield or another mid-table finish.
Brown Nose
Well-Known Member
It's not really speculation that MM wants to buy a new football club in England at some point in the next few months. I think he's made that pretty clear. It's also clear from his track record what he wants to do.
He will invest in a club in the Championship with the potential to be an established saleable asset in the Premier League within 5 years. He will be looking for a financial return of about 50% on his investment so if he pumps £30m into a club, he'd be looking to pass it on in a few years for about £45m. He has been involved in so many clubs around the world over the last 30 odd years that it's clear that he knows what he's doing.
It is also clear that LCFC would be one of a number of clubs he'd be interested in. The main point will be, do they have the potential to be a saleable asset in the Premiership in 5 years giving him the return on his investment and a lot of fun along the way? Of the clubs available to him, I really don't see the return at Sheff Wed due to the amount needed to be invested there. Leeds, Derby, Coventry, Brum, Sunderland and Soton have people in charge who wouldn't sell up. Realistically, he's looking at the likes of Norwich, Ipswich, Leicester, WBA, Wolves. Of these, the easiest to acquire and control would be Leicester. His main problem would be the fact that he'd have to buy the stadium to make the club attractive to future buyers. This could be sorted by enabling him to become owner by a rights issue in return for his purchase of the stadium. That way, the current shareholders stay but with significantly reduced shareholdings in a business worth considerably more than before as a result of his investment.
Alll this would require a passive current group of shareholders who recognise the need for a major investment. If our current mob don't welcome him with open arms, he will go elsewhere. My complete lack of confidence in our directors makes me wary of how we'd handle an approach.
The other thing to say is that RK wouldn't last 5 minutes with MM. He'd want someone like Curbishley with a proven track record of delivering promotion and keeping a team up.
He will invest in a club in the Championship with the potential to be an established saleable asset in the Premier League within 5 years. He will be looking for a financial return of about 50% on his investment so if he pumps £30m into a club, he'd be looking to pass it on in a few years for about £45m. He has been involved in so many clubs around the world over the last 30 odd years that it's clear that he knows what he's doing.
It is also clear that LCFC would be one of a number of clubs he'd be interested in. The main point will be, do they have the potential to be a saleable asset in the Premiership in 5 years giving him the return on his investment and a lot of fun along the way? Of the clubs available to him, I really don't see the return at Sheff Wed due to the amount needed to be invested there. Leeds, Derby, Coventry, Brum, Sunderland and Soton have people in charge who wouldn't sell up. Realistically, he's looking at the likes of Norwich, Ipswich, Leicester, WBA, Wolves. Of these, the easiest to acquire and control would be Leicester. His main problem would be the fact that he'd have to buy the stadium to make the club attractive to future buyers. This could be sorted by enabling him to become owner by a rights issue in return for his purchase of the stadium. That way, the current shareholders stay but with significantly reduced shareholdings in a business worth considerably more than before as a result of his investment.
Alll this would require a passive current group of shareholders who recognise the need for a major investment. If our current mob don't welcome him with open arms, he will go elsewhere. My complete lack of confidence in our directors makes me wary of how we'd handle an approach.
The other thing to say is that RK wouldn't last 5 minutes with MM. He'd want someone like Curbishley with a proven track record of delivering promotion and keeping a team up.
PFKAKTF FOX
Well-Known Member
Melton Fox
Dancing Queen
MM is staying the Chairman at Pompey for the time being
DesertFox
Well-Known Member
Great post - you should do it more often!
Real Sharapova
Well-Known Member
Good post Brown Nose. Just one point, and this is me being pedantic. The club own the stadium, we just have a lease purchase liability of £16m on it - the money he would raise would go to pay that off.
Durham Fox
El Dude Brother.
I would imagine anyone stumping up hard readies for the stadium would get it for a lot less than £16m.
I quite agree, MM or anyone like him would indeed be looking for that kind of return if not greater.
I also agree that MM is exactly what we are looking for at the moment, but we would have to be aware that if promotion and susequent premiership stability was not achieved then MM would still be looking for his financial return.
How that could be achieved if we were still in the championship is of course open to question.
Melton Fox
Dancing Queen
Is buying the stadium essential?
Many successfuly businesses are in rented property? My idea would be to invest in paying off the board and seriously improving the playing squad.
Upon promotion the stadium can be paid off out of the increased revenue
Many successfuly businesses are in rented property? My idea would be to invest in paying off the board and seriously improving the playing squad.
Upon promotion the stadium can be paid off out of the increased revenue
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Durham Fox
El Dude Brother.
Surely it's a sound business decision to buy back the stadium? Currently we have a growing debt on it.
Wouldnt it be like winning the lottery but not paying off your credit cards?
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Melton Fox
Dancing Queen
Buying back the stadium is essential.
Improving the playing squad and getting promoted is more essential and has to be a higher priority. If both can be achieved with any investors budget within the first season, then excellent.
But I would rather see the club promoted and then buy the stadium, than buy the stadium and not get promoted (assuming there is a straight choice of course)
Real Sharapova
Well-Known Member
I don't think so, the Teachers' Pension Fund are owed circa £16m, and I don't think they would settle for much less, as the hold a charge over the stadium and all our other assets ( including the players ). They hold all the cards in this instance.
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Brown Nose
Well-Known Member
I agree that if we're in the Premier League for a while the stadium issue becomes a lot less important. We'll be able to pay off Teachers in sizeable chunks. In the Championship, every season means that the stadium is effectively more expensive and diminishes the value of any investment in the Club. It's a balancing act and a matter of judgement for someone who knows far more about the subject than me. The point is that for an investor to get a proper return on his money, LCFC will need to own the stadium as well as have significant assets on the pitch and strong income streams off it by the time the investor comes to sell. MM or anyone else, will need to be sure that they can do all this for as little a risk as possible and that is what picking his next club is all about.
I don't know the details of the agreement we have with Teachers. If it would be possible for another party to buy their interest out for £16m or whether the only people allowed to buy it are LCFC. Knowing the halfwits in charge at the time these decisions were made, I'd guess that Teachers ensured that they could do whatever they needed to, to protect their money.
I don't know the details of the agreement we have with Teachers. If it would be possible for another party to buy their interest out for £16m or whether the only people allowed to buy it are LCFC. Knowing the halfwits in charge at the time these decisions were made, I'd guess that Teachers ensured that they could do whatever they needed to, to protect their money.
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