[Archived] Rovers Takeover Thread

[Iceman]

Why hold onto something,that doesnt interest you anymore?

[Fife Rover]

I cannot see into the future Fife any more than the next man ...... but if you'd like to make small wager on the figures I'd might be more than willing to accept it.

btw re: the point I made ...... I'd have thought you'd have been a Johnny Carey fan.

I was a Johnny Carey fan at the times he was our manager (note the plural form) as I have been of ALL our managers whilst they have been in charge at Rovers. There is absolutely no doubt that some have been better than others (with knobs on), but they have all started off with my full and unstinting support. I will say no more than that.

[Mr Creosote]

Leeds United mark II.

This should be fun to watch.

Keep out of this six fingers. You've had your takeover.

[92er]

btw re: the point I made ...... I'd have thought you'd have been a Johnny Carey fan.

I am, although his fantastic success financially for the club was through the youth system.

[SIMON GARNERS 194]

Leeds United mark II.

This should be fun to watch.

WELL ROLL OUT THE CLARET CARPET!

You can keep on watching Sam.....its all you lot can do.

[Fife Rover]

it still doesnt add up to me...10 mill short,but he is willing to take on the club's debt.that to me,means its about what the trustees are looking for and a bit more.

sorry Nicko if im doing your head in,i come from doing accounts,and im now in a buying environment

FFS! You claim to "come from an accounting background". Well I don't, but even I can understand quite clearly what Nicko is saying. It boils down to this: Choudrey is offering about £10m short of what the Trustees see as the value of the club and all it's assets. Nothing whatsoever to do with the clubs debts; they are an entirely separate issue. Whoever buys the club will have to meet the valuation that the Trustees want for the club (incl assets). Debts are not assets, they are liabilities; therefore the new owner will have to take on the debt as part of the ownership. How he chooses to deal with the dabt will then be his concern and nothing to do with the Trustees who will no longer be Trustees having sold out their interest.

[American Rover12]

FFS! You claim to "come from an accounting background". Well I don't, but even I can understand quite clearly what Nicko is saying. It boils down to this: Choudrey is offering about £10m short of what the Trustees see as the value of the club and all it's assets. Nothing whatsoever to do with the clubs debts; they are an entirely separate issue. Whoever buys the club will have to meet the valuation that the Trustees want for the club (incl assets). Debts are not assets, they are liabilities; therefore the new owner will have to take on the debt as part of the ownership. How he chooses to deal with the debt will then be his concern and nothing to do with the Trustees who will no longer be Trustees having sold out their interest.

It's becoming very hard to disagree with or find fault in your posts lately. Great post and very accurate summary.

[thenodrog]

The trustees want to sell not to "get rid" and obviously the prospective buyers have not offered enough to get the trusts attention to move to the next level, so it is not a problem for the trust, they have a value that they want, its up to the propective buyers to try and negotiate.

I think thats a point that nicko needs to take on board before he influences the board numpties into forming a lynch mob.

btw Sam.... Dunno how this works but you 'sound' like Billy Bradshaw to me. Anyway can you rem Chalkie White and do you know how close you were to supporting Colne Dynamos? So never mind coming on here stirring it just you run along and see if you can find Martin Buchan somewhere.

[Blackburn Ender]

The news that Mike Ashley is trying to flog Newcastle Utd to a Yank consortium for £420m - £286m more than he paid for the club just 12 months ago - is the perfect example of why numerous property developers and other chancers are sniffing around Ewood Park.

Newcastle owner in takeover talks

Not one of these suitors currently attempting to haggle over the price (the difference between their and the club's valuation being the cost of a couple of journeymen midfielders) is in this for Blackburn Rovers.

With an increasing interest in football in the Middle East, this is where the next wave of buyers could come from.

And with oil at $140 a barrel, it means $14bn is being made a day in the Middle East (Source: Property Week). They gotta spend the moulah on something, reason Choudrey/Ronnie et al.

We should be starting a campaign to keep Rovers in the ownership of the Jack Walker Trust, not encouraging them to sell.

[TugaysMarlboro]

The news that Mike Ashley is trying to flog Newcastle Utd to a Yank consortium for £420m - £286m more than he paid for the club just 12 months ago - is the perfect example of why numerous property developers and other chancers are sniffing around Ewood Park.

Newcastle owner in takeover talks

Not one of these suitors currently attempting to haggle over the price (the difference between their and the club's valuation being the cost of a couple of journeymen midfielders) is in this for Blackburn Rovers.

With an increasing interest in football in the Middle East, this is where the next wave of buyers could come from.

And with oil at $140 a barrel, it means $14bn is being made a day in the Middle East (Source: Property Week). They gotta spend the moulah on something, reason Choudrey/Ronnie et al.

We should be starting a campaign to keep Rovers in the ownership of the Jack Walker Trust, not encouraging them to sell.

As far as i'm aware, Chowdrey has no links to any oil merchants. But I see what you're getting at.

[SIMON GARNERS 194]

Newcastle 420...... Blackburn 30 Million?

[philipl]

Newcastle 420...... Blackburn 30 Million?

Exactly

Blackburn Ender is calling this one right from the perspective of Rovers'best interests.

[bubblerrovers]

Newcastle 420...... Blackburn 30 Million?

Surely there's a faulty calculator at work here?? could the massive difference have anything to do the Geordies debt that comes with buying the club??

[bennyboyt11]

got to come down to the level of fame Newcastle have, along with "star" players like Michael Owen

[Blackburn Ender]

Ashley apparently cleared £100m of debt.

The figures still don't make any sense, other than Ashley is clearly valuing Newcastle with likely rising future revenue (TV money, etc) in mind.

The biggest cash cow in years to come will be from the sale of broadcast rights overseas.

Didn't Hong Kong pay the biggest ever fee by one territory for rights to a single competition last year?

Ashley has decided to cash in, but don't think the Yank buyers will be looking to make a loss.

However, these figures still make Rovers look a bit cheap.

Maybe we should ditch Rothschild and get in whoever's advising Ashley!

[philipl]

I suspect the Americans/Ashley are going down the Liverpol/Manc route.

The Yancs raise the biggest amount of debt they can conceivably stick on the Barcodes' balance sheet witout putting a brass farthing of their own on the line and Mike Ashley says thanks.

[Fife Rover]

Surely there's a faulty calculator at work here?? could the massive difference have anything to do the Geordies debt that comes with buying the club??

I thought we had established several posts back that a club's debt is not included in the buying/selling price. If it was the new owner would find himself paying the debt twice over, unless the outgoing owner did the honorable thing and paid the debt off for the new owner out of the proceeds of the sale. It doesn't work like that: the new owner buys the club with all it's assets and liabilities, and the liabilities then become his problem to deal with in any way he can agree with the creditors.

[tony gale's mic]

We should be starting a campaign to keep Rovers in the ownership of the Jack Walker Trust, not encouraging them to sell.

We should be starting a campaign to keep Rovers with owners that want shot of us and who don't want to give us anymore funding?!

[SIMON GARNERS 194]

Surely there's a faulty calculator at work here?? could the massive difference have anything to do the Geordies debt that comes with buying the club??

Their only real value advantage over Rovers as I see it is that St James park is situated on prime Newcastle city centre land.

Rovers overall squad value surely higher than Newcastle

More famous than Rovers? both clubs have proud traditions and nearly equal silverware counts.

Yes, they are a bigger club with more profit turnover but still the disparity in valuation seems OTT.

And yet still we are left 'haggling' with f'kin chancers over a cheap as chips 30 million price tag for our club!......short changed is what springs to mind every passing minute.

[Blackburn Ender]

That's not the case.

The Trust would like someone else to take over to continue to fullfil Jack's wishes.

Until that happens they are obliged to continue to run Rovers in a way that satisfies the terms of the trust.

They have never said there will be no more funds going from the Trust to Rovers. Simply that, at this moment in time, they do not see a need to give the club any extra cash.

That is something you can argue about and disagree with.

If in the future Rovers financial situation requires additional funds, then the Trust will presumably have to provide it.

[tony gale's mic]

Rovers overall squad value surely higher than Newcastle

Newcastle's overall squad value will be much, much higher than Rovers.

Everyone on here seems to forget squad value when it comes to valuing clubs is a calculation based on how much was paid for the player and how long is left on that player's contract. Since the Barcodes paid such massive prices for their players, their squad will probably be double the value of ours, especially considering their first team squad is probably bigger than ours too.

[den]

That's not the case.

The Trust would like someone else to take over to continue to fullfil Jack's wishes.

Until that happens they are obliged to continue to run Rovers in a way that satisfies the terms of the trust.

They have never said there will be no more funds going from the Trust to Rovers. Simply that, at this moment in time, they do not see a need to give the club any extra cash.

That is something you can argue about and disagree with.

If in the future Rovers financial situation requires additional funds, then the Trust will presumably have to provide it.

but they have just stood bye and knowing the disillusionment of Mark Hughes with a shortage of funding for quite a while now, compounded it by withdrawing funding totally.

So where is the assumption coming from, that they will have to provide it in future?

[Exiled in Toronto]

That's not the case.

The Trust would like someone else to take over to continue to fullfil Jack's wishes.

Why on earth would another buyer want to pay good money to fulfill the wishes of a previous owner who has been dead for 8 years? Especially when the very organisation set up to do just that is saying, 'over to you matey, we've had enough'

It's been up for sale for a year, it hasn't attracted buyers with the wealth of Warren Buffet and the moral rectitude of Mother Theresa, so if it is as you describe, surely by now the Trustees would say, 'OK, we've had a look, there aren't any suitable buyers, so we'll carry on executing our obligations as per the early days of the Trust.'

But then we all know they aren't going to do that.

If they want to sell, then sell the damned thing and let's all move on.

[John]

How can you sell the club if there is no one else to run it appropriately?

[krislu]

Newcastle's overall squad value will be much, much higher than Rovers.

Everyone on here seems to forget squad value when it comes to valuing clubs is a calculation based on how much was paid for the player and how long is left on that player's contract.

In accounting terms their squad value will be higher, but anyone looking at buying the club, or any firm for that matter, will try to estimate fair value of the assets.