Page 17 of 19 FirstFirst ... 71516171819 LastLast
Results 801 to 850 of 910

Thread: Rumours of takeover/investment interest

  1. #801

    Join Date
    Nov 2006
    Location
    CHELSEA
    Posts
    927

    Default

    Surely the value of contracts i.e the television money guaranteed from Sky, must be part of the equation in determining the value of a football club. Going forward with parachute payments, that must be worth about £200m on it's own. Lets face it with a privately owned company like Southampton, the owner can in theory just pocket that money.

  2. Default

    Quote Originally Posted by SW5 SAINT View Post
    Surely the value of contracts i.e the television money guaranteed from Sky, must be part of the equation in determining the value of a football club. Going forward with parachute payments, that must be worth about £200m on it's own. Lets face it with a privately owned company like Southampton, the owner can in theory just pocket that money.
    Not really because we have outgoings that need to be paid. Profit was less than £20million last year I think. Now that the owner can pocket if they so choose...

  3. Default

    Quote Originally Posted by thorpie the sinner View Post
    Sky Pete O'Rourke saying we have rejected £180m bid for club by Lander
    She'd be mad to accept that, the club is clearly worth more in this market.

  4. Default

    Quote Originally Posted by thorpie the sinner View Post
    Sky Pete O'Rourke saying we have rejected £180m bid for club by Lander
    He's copied that from the article in The Times this morning (See post #790)

  5. #805

    Join Date
    Nov 2006
    Location
    Southampton, United Kingdom
    Posts
    4,191

    Default

    Quote Originally Posted by SuperSAINT View Post
    He's copied that from the article in The Times this morning (See post #790)
    Ah ok, will flick back

  6. Default

    Quote Originally Posted by Saint_clark View Post
    Not really because we have outgoings that need to be paid. Profit was less than £20million last year I think. Now that the owner can pocket if they so choose...
    The owner can also borrow massive amounts of money against the clubs future earnings pocket that and then run off!

  7. Default

    Hmmn, investment is fine, control or full selling to these guys is a worry IMO.

    Anything unstabling the system we have built behind the scenes would a be a disaster IMO. Either these guys would be looking for pure profit which is no great way to run a club and would probably see us sell our best players every year or they might be looking for some quick fix to success route that could massively back fire and the club completely loses it's identity.

    Ideally I'd hope the club are looking to raise some capital to invest into the stadium and the areas around the ground to increase our commercial and match day income without impacting the playing squad too much. They then see selling a share of the club as the best way to do this and push the club on even further.

    That's my ideal scenario, the night mare one is some asset stripping takeover akin to what is happening to Hull.

  8. #808

    Default

    Quote Originally Posted by a1ex2001 View Post
    The owner can also borrow massive amounts of money against the clubs future earnings pocket that and then run off!
    That would be illegal.

  9. Default

    Quote Originally Posted by Saint_clark View Post
    Not really because we have outgoings that need to be paid. Profit was less than £20million last year I think. Now that the owner can pocket if they so choose...
    In theory, couldn't a new cynical owner seek to get all the players off the books, pocket the transfer fees and reduce the salary bill by 98%, field a bunch of amateur players, pocket the profits (basically the Sky TV and parachute money and the transfer fees) and possibly even run up a ton of debt? Once the parachutes run out, sell the club and stadium to anyone willing to buy it.

    I'm not aware of any laws against doing something like this - its basically just asset stripping.

    I'm not sure the football authorities have any rules that would obviously prevent something like this happening either, more's the pity.

  10. #810

    Default

    Quote Originally Posted by SaintBobby View Post
    In theory, couldn't a new cynical owner seek to get all the players off the books, pocket the transfer fees and reduce the salary bill by 98%, field a bunch of amateur players, pocket the profits (basically the Sky TV and parachute money and the transfer fees) and possibly even run up a ton of debt? Once the parachutes run out, sell the club and stadium to anyone willing to buy it.

    I'm not aware of any laws against doing something like this - its basically just asset stripping.

    I'm not sure the football authorities have any rules that would obviously prevent something like this happening either, more's the pity.
    It's not as easy as you think to take large sums of money out of a company.

  11. #811

    Join Date
    Nov 2006
    Location
    Mental brilliance from a Box of Frogs
    Posts
    4,228

    Default

    Unlike transfer rumors this thread has no insiders with any decent tidbits for discussion. Rarely has a more boring and lacking in real information thread been posted.
    I'm certain the rumor was put out to influence players into staying at the club and possible signings on the hook. Once the transfer window closes the whole investment /purchase story will vanish much to the disappointment of any hoping for commercial advancement.

  12. #812

    Default

    Quote Originally Posted by ART View Post
    Unlike transfer rumors this thread has no insiders with any decent tidbits for discussion. Rarely has a more boring and lacking in real information thread been posted.
    I'm certain the rumor was put out to influence players into staying at the club and possible signings on the hook. Once the transfer window closes the whole investment /purchase story will vanish much to the disappointment of any hoping for commercial advancement.
    Nonsense. I don't think we would arrange a company posting news on the stock exchange just to entice players to stay. Especially when players had already left!

  13. #813

    Join Date
    Oct 2007
    Location
    Stuck in the middle with me
    Posts
    5,419

    Default

    Quote Originally Posted by Whitey Grandad View Post
    It's not as easy as you think to take large sums of money out of a company.
    That depends on whether you're subject to first world levels of corporate governance or not.

  14. Default

    Quote Originally Posted by ART View Post
    Unlike transfer rumors this thread has no insiders with any decent tidbits for discussion. Rarely has a more boring and lacking in real information thread been posted.
    I'm certain the rumor was put out to influence players into staying at the club and possible signings on the hook. Once the transfer window closes the whole investment /purchase story will vanish much to the disappointment of any hoping for commercial advancement.
    The Chinese going away will cause me no grief.

  15. #815

    Default

    Quote Originally Posted by SaintBobby View Post
    In theory, couldn't a new cynical owner seek to get all the players off the books, pocket the transfer fees and reduce the salary bill by 98%, field a bunch of amateur players, pocket the profits (basically the Sky TV and parachute money and the transfer fees) and possibly even run up a ton of debt? Once the parachutes run out, sell the club and stadium to anyone willing to buy it.

    I'm not aware of any laws against doing something like this - its basically just asset stripping.

    I'm not sure the football authorities have any rules that would obviously prevent something like this happening either, more's the pity.
    There are a number of director's duties that apply to limited companies contained within the Companies Act 2006.

    1. To act within powers.
    2. To promote the success of the company.
    3. To exercise independent judgment.
    4. To exercise reasonable care, skill and diligence.
    5. To avoid conflicts of interest.
    6. Not to accept benefits from third parties.
    7. To declare an interest in a proposed transaction or arrangement.

    Duties 2,3,4, 5 and 7 would come into play.

  16. Default

    Quote Originally Posted by hutch View Post
    That depends on whether you're subject to first world levels of corporate governance or not.
    Which you are when you purchase Southampton Football Club

  17. #817

    Join Date
    Oct 2007
    Location
    Stuck in the middle with me
    Posts
    5,419

    Default

    Quote Originally Posted by DuncanRG View Post
    Which you are when you purchase Southampton Football Club
    And an offshore Parent?

  18. #818

    Default

    Quote Originally Posted by hutch View Post
    That depends on whether you're subject to first world levels of corporate governance or not.
    It's not difficult at all to take large chunks of cash out of a limited company if you own all the shares. If you make a profit you can pay it as dividends, if not take it out as salary or management fees.Not necessarily that tax efficient, but nothing to stop you at all, there all also many complicated ways of extracting cash.Absolutely straight forward to sell all the players play the under 18's and pocket the cash. Nobody could stop you.

  19. #819

    Default

    Quote Originally Posted by AK View Post
    It's not difficult at all to take large chunks of cash out of a limited company if you own all the shares. If you make a profit you can pay it as dividends, if not take it out as salary or management fees.Not necessarily that tax efficient, but nothing to stop you at all, there all also many complicated ways of extracting cash.Absolutely straight forward to sell all the players play the under 18's and pocket the cash. Nobody could stop you.
    But there would be a hell of a lot of tax to pay. Unless your wife is resident in Monaco or somewhere and she owns all the shares.

  20. #820

    Join Date
    Aug 2007
    Location
    C/Ford Southampton
    Posts
    1,591

    Default

    Quote Originally Posted by SaintBobby View Post
    In theory, couldn't a new cynical owner seek to get all the players off the books, pocket the transfer fees and reduce the salary bill by 98%, field a bunch of amateur players, pocket the profits (basically the Sky TV and parachute money and the transfer fees) and possibly even run up a ton of debt? Once the parachutes run out, sell the club and stadium to anyone willing to buy it.

    I'm not aware of any laws against doing something like this - its basically just asset stripping.

    I'm not sure the football authorities have any rules that would obviously prevent something like this happening either, more's the pity.
    So the opportunity is there for "Sir" Philip Green; I wonder why the odious man hasn't got into the football business.

  21. #821

    Default

    Quote Originally Posted by Whitey Grandad View Post
    But there would be a hell of a lot of tax to pay. Unless your wife is resident in Monaco or somewhere and she owns all the shares.

    Yes possibly but that wasn't the point I was responding to- the query which is just hypothetical -can you legitimately sell all the players and pocket the cash and yes you can and it would be straightforward.
    The tax position is also potentially manageable but would depend on the shareholders circumstances if you are offshore you wouldn't be liable to UK tax.
    If you were a U.K. Resident for tax purposes I'd probably buy a loss making company then bill the company with all the cash in it a couple of hundred million management fee. The cash is now in the loss making company. Use their losses to right down the tax. Then borrow the money from the company (which is also legitimate ) which is a very tax efficient way of extracting cash without paying income tax. You would pay section 419 tax ( from memory) but it's negligible.

    As I said it's all hypothetical and there wouldn't be a lot of point to it but it can be done without that much fuss.
    Last edited by AK; 27-01-2017 at 06:30 PM. Reason: Typo

  22. #822

    Default

    What you do is set up a large offshore "shared services" business and they charge every subsidiary a set of substantial feea for shared accounting, IT, HR, media and advertising etc - enough to siphon the greater % of the profit off to pay minimal corporate tax on in aforementioned offshore place. Ericb on here may be aware of the nightmare of shared services in his business (I certainly was) - it's common in most global corporations and one of the major failings of globalisation as it means developed economies can only effectively tax the middle class...

    On this investment tho - who knows why they want to do it. The increasing drift back to autocracy at the top in China has been fuelling overseas investment to move wealth somewhere the government can't grab it. Hopefully Kat is true to her word (and there is NO reason to doubt she is) and she'll only do things in the best interests of the club

  23. #823

    Join Date
    Nov 2006
    Location
    CHELSEA
    Posts
    927

    Default

    I wonder what the significance is that Lander are a construction company specialising is sporting stadia construction. Do they plan to rebuild St Mary's?

  24. #824

    Default

    Quote Originally Posted by SW5 SAINT View Post
    I wonder what the significance is that Lander are a construction company specialising is sporting stadia construction. Do they plan to rebuild St Mary's?
    I read something saying that the construction industry in China is very competitive and that by Lander being associated with Saints it will differentiate them from the market (they can also say they can build football facilities endorsed by a Premier League club etc.)

  25. #825

    Default

    Quote Originally Posted by SW5 SAINT View Post
    I wonder what the significance is that Lander are a construction company specialising is sporting stadia construction. Do they plan to rebuild St Mary's?
    Would Liebherr be supplying the cranes?

  26. #826

    Default

    I reckon this chinese mob have been knocked back already by FA PL in wanting to buy the club.

    Lets not forget the main man of Lander resigned from the limited company within weeks of it being set up here and his daughter now is the only official of it.

  27. #827

    Default

    Quote Originally Posted by pluto View Post
    I reckon this chinese mob have been knocked back already by FA PL in wanting to buy the club.

    Lets not forget the main man of Lander resigned from the limited company within weeks of it being set up here and his daughter now is the only official of it.
    That's not uncommon for a number of reasons but the thrust of your argument and that of others e.g. 'shared services' (that there are ways and means to obtain a benefit without attracting unwanted attention and thus a 'penalty' e.g. tax) is probably the reason for this and is an indication that the approach from Lander is contrary to that which was the approach from ML at the time (i.e. he came in with open hands, palms showing).

  28. #828

    Default

    Quote Originally Posted by benali-shorts View Post
    Bit more in the times today:

    Southampton have rejected an offer of £180 million from Lander Sports Development to buy the club, The Times has learnt.

    Negotiations with the Chinese property company are continuing despite considerable irritation inside the club at Landerís announcement on the Shenzhen stock exchange yesterday that an agreement had been reached in principle, but the two parties are a long way apart in their valuation of the club.
    I Said that here:

    http://www.saintsweb.co.uk/showthrea...00#post2446400

    Way before that rag got hold of it.

    I know more about this club and what actually goes on than any of you on here.

    Everything I've said (in my 50 posts) on this board has come directly from a pretty damn reliable source.

    But keep saying I'm talking sh**.

    The club don't tell you fans F'all and it's the worst I've ever seen.

    Clubs will say what they have to say.

  29. #829

    Join Date
    Nov 2006
    Location
    Bartonia 2, 000, 000 years ago
    Posts
    4,767

    Default

    Quote Originally Posted by AR-10 View Post
    I Said that here:

    http://www.saintsweb.co.uk/showthrea...00#post2446400

    Way before that rag got hold of it.

    I know more about this club and what actually goes on than any of you on here.

    Everything I've said (in my 50 posts) on this board has come directly from a pretty damn reliable source.

    But keep saying I'm talking sh**.

    The club don't tell you fans F'all and it's the worst I've ever seen.

    Clubs will say what they have to say.
    Itk!

  30. #830

    Join Date
    Nov 2006
    Location
    Southampton, United Kingdom
    Posts
    7,575

    Default

    Quote Originally Posted by AR-10 View Post

    I know more about this club and what actually goes on than any of you on here.
    Doubtful.

  31. #831

    Join Date
    Nov 2006
    Location
    Costa del Bassett
    Posts
    2,376

    Default

    [QUOTE=AR-10;2454929]I Said

    I know more about this club and what actually goes on than any of you on here.


    There are several itk posters on here that I'm happy to 'listen' to.
    I turn a deaf ear to people 'blowing their own Trumpet'.

  32. #832

    Join Date
    Nov 2006
    Location
    Norwich
    Posts
    8,641
    Blog Entries
    1

    Default

    [QUOTE=Norm;2455560]
    Quote Originally Posted by AR-10 View Post
    I Said

    I know more about this club and what actually goes on than any of you on here.


    There are several itk posters on here that I'm happy to 'listen' to.
    I turn a deaf ear to people 'blowing their own Trumpet'.
    I know you are ITK because you are ITK

  33. Default

    Quote Originally Posted by AR-10 View Post
    For all the doubters, I'm extremely close to one of the current regular first team players..read into that whatever you like.
    (no I'm not his Wife or Girlfriend either)
    .
    Players wouldn't be kept abreast of information like this. They'd find out about 5 minutes before Joe Public at best.

  34. #834

    Default

    Not his wife or girlfriend. Maybe it's a gay player and AR-10 is his partner?

  35. #835

    Default

    Quote Originally Posted by AR-10 View Post
    keep saying I'm talking sh**.
    You're talking ******

  36. #836

    Join Date
    Nov 2006
    Location
    Southampton
    Posts
    13,736

    Default

    Quote Originally Posted by AR-10 View Post
    I Said that here:

    http://www.saintsweb.co.uk/showthrea...00#post2446400

    Way before that rag got hold of it.

    I know more about this club and what actually goes on than any of you on here.

    Everything I've said (in my 50 posts) on this board has come directly from a pretty damn reliable source.

    But keep saying I'm talking sh**.

    The club don't tell you fans F'all and it's the worst I've ever seen.

    Clubs will say what they have to say.
    Ouch! Desperate stuff. 2/10 at best.

    "Itk" equivalent of sticking Caulker upfront for the last ten minutes.

  37. #837

    Default

    Quote Originally Posted by benjii View Post
    Ouch! Desperate stuff. 2/10 at best.

    "Itk" equivalent of sticking Caulker upfront for the last ten minutes.
    Caulker can play upfront?! And CB?!

    Is it too late to hijack that deal to Russia?!

  38. #838

    Join Date
    Dec 2006
    Location
    New Forest
    Posts
    3,998

    Default

    Quote Originally Posted by AK View Post
    It's not difficult at all to take large chunks of cash out of a limited company if you own all the shares. If you make a profit you can pay it as dividends, if not take it out as salary or management fees.Not necessarily that tax efficient, but nothing to stop you at all, there all also many complicated ways of extracting cash.Absolutely straight forward to sell all the players play the under 18's and pocket the cash. Nobody could stop you.
    Which is what they have been doing so just more of the same really.

  39. #839

    Join Date
    Nov 2006
    Location
    A position or point in physical space
    Posts
    1,157

    Default

    Quote Originally Posted by Charlie Wayman View Post
    Which is what they have been doing so just more of the same really.
    Who are "they" ?

  40. #840

    Join Date
    Aug 2007
    Location
    C/Ford Southampton
    Posts
    1,591

    Default

    [QUOTE=Dalek2003;2455582]
    Quote Originally Posted by Norm View Post

    I know you are ITK because you are ITK
    I know he's ITK because you know he's ITK, and two ITKs must know what they are talking about.

  41. #841

    Join Date
    Nov 2006
    Location
    Under The Toomers
    Posts
    4,671

    Default

    Have they got a couple of decent centre back's hidden away that they can send over.

  42. #842

    Join Date
    Aug 2007
    Location
    "Make a joke and I will sigh and you will laugh and I will cry"
    Posts
    12,570

    Default

    Quote Originally Posted by Toomer View Post
    Have they got a couple of decent centre back's hidden away that they can send over.
    I typed Chinese defenders into google and got this....



    mind you one of those on the edge of our area might be quite effective...

  43. #843

    Join Date
    Nov 2006
    Location
    Under The Toomers
    Posts
    4,671

    Default

    Quote Originally Posted by doddisalegend View Post
    I typed Chinese defenders into google and got this....



    mind you one of those on the edge of our area might be quite effective...
    Point them east.

  44. Default

    Do they go backwards/sidewards

  45. #845

    Join Date
    Aug 2007
    Location
    "Make a joke and I will sigh and you will laugh and I will cry"
    Posts
    12,570

    Default

    Quote Originally Posted by danjosaint View Post
    Do they go backwards/sidewards
    I don't know but I do find the idea of them turning those big guns on Andy Carroll strangely appealing....

  46. #846

    Default

    Quote Originally Posted by Toomer View Post
    Point them east.
    As if the bright white wheels arent bad enough what is with the pixelated camo? Are they preparing for battle in lego land?



    Sent from my SM-G920F using Tapatalk

  47. #847

    Default

    Lol what's going on here?...trolled?

    Best thing you can hope for is this club being sold or you're gonna lose players in the summer.

    Owner won't pay wages, board will sell you down the river in a heartbeat.

    Like making players sign contracts then the clubs up for sale.

  48. #848

    Join Date
    Nov 2006
    Location
    Southampton, United Kingdom
    Posts
    7,575

    Default

    Quote Originally Posted by AR-10 View Post
    Lol what's going on here?...trolled?

    Best thing you can hope for is this club being sold or you're gonna lose players in the summer.

    Owner won't pay wages, board will sell you down the river in a heartbeat.

    Like making players sign contracts then the clubs up for sale.
    Are you pretending to be an outsider of the club now, not an insider? Lolz

  49. Default

    Quote Originally Posted by AR-10 View Post
    Best thing you can hope for is this club being sold or you're gonna lose players in the summer.

    board will sell you down the river in a heartbeat.
    Quote Originally Posted by Crab Lungs View Post
    Are you pretending to be an outsider of the club now, not an insider? Lolz

  50. #850

    Default

    If we get taken over by the Chinese can we get Oscar and Pelle back?.....we one back that we sold and the other we didnt have but you get the idea.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •