Bewildered Posted 28 July, 2014 Share Posted 28 July, 2014 http://www.microsofttranslator.com/bv.aspx I'll post the internet translation, hopefully a french speaker can make more sense of it and inform us of the author's credibility. Southampton is for sale The next few departures from Morgan Schneiderlin and Jay Rodriguez will allow Katharina Liebherr, the owner of the Saints, to rake in a sum exceeding cheerfully EUR 150 million. Not surprising given its lack of Southampton and led his entourage, Ralph Kreuger in mind, discussions to find a wealthy buyer. In 2011, World Economic Forum, non-for-profit foundation bringing together many influential people in various areas (industry, finance, intellectual, etc), formalized the arrival of a new Member: Ralph Krueger. Former German international hockey, it is presented on the official website as a 'leader'. It is in this area that it has been introduced. Author of a career to success, even in the edition with his book "Teamlife - Beyond Setbacks to Success" which has been a bestseller, he joined Southampton in early March as president, replacing Nicola Cortese, the man of trust of the deceased owner, Markus Liebherr, and central figure in the rise of League One (D3) to Premier League. Omnipotent judge - this isn't the local press who will say the opposite - and very ambitious, he had major differences with Katharina, daughter of Markus and current owner. Party in January, this Italian banker was reputed to be tough in business. Proof of this is with the study published by the BBC on data amounts to agents between October 2012 and September 2013: nearly £2.2 million has been paid by Southampton, what class the Saints at 17e place, far behind the £13.7 million Chelsea (first) or £7.2 million (fifth) Newcastle. Cortese leader with an iron hand and wanted to continue the progression of the club retaining Mauricio Pochettino and a large part of its managers. Not the goal of Katharina. Nicola Cortese was dictator, it was perfectly turn Southampton Christian Purslow, former director general of Liverpool, was mandated to probe the market. Recognized businessman, he is the co-founder of MidOcean Partners, a company American specialized in the... acquisitions, sales and capital increase. A firm that weighs more than $ 3 billion Although he vaguely and unsuccessfully attempted to buy back the club shortly after his departure according to the Express, the boss did not give him the club, preferring to appoint the former director general of Liverpool, Christian Purslow, discreetly probing a resale market. Purslow is a businessman, co-founder of MidOcean Partners, a company American specialized in the... acquisitions, sales and capital increase. The firm weighs more than 3 billion dollars and has investments everywhere. It was not surprising that Purslow, 'an idiot not there knowing nothing" by Gary Neville, has managed to get a £80 million contract over four years with Standard Chartered Bank to sponsor the shirts of the Reds... However, Purslow searches have not been especially fruitful here there. 'In the Middle, everyone knows that Southampton is for sale. "The strategy is simple: have a solid cash because there were not bad debts and loans, strengthen the team at lower costs compared to sales to keep a certain competitiveness and attract buyers", says a person involved in takeovers of English clubs. « Mandaric had done same with Sheffield Wednesday. It is not officially for sale, but unofficially, Yes. Aston Villa did the opposite and viewing: is nobody is interested. In business, it must be discreet and do not show that you are low. If you say publicly that you want to sell or that it's not too much going, either you're gonna have scammers, or guys who will seek to bring down the price, as in Reading. Southampton has understood it. And, recently, there were some foreign investors information outlets. Sales have put the chip to the ear. "Kreuger very well understood how to work people who have plenty of money and ego. They love everything sweep, repeat, history to have control and be glorified if successful. This is perfect. It is a strategy of enrichment, obviously, but also to lure the egocentric buyer. A friend has already negotiated with Krueger. This guy is a shark! It does not give an inch of ground. It has incredible nerves. He very well understood how to work people who have plenty of money and ego. They love everything sweep, repeat, history to have control and be glorified if successful. Here, it is perfect. » Link to comment Share on other sites More sharing options...
shurlock Posted 28 July, 2014 Share Posted 28 July, 2014 Can you provide the original link. Link to comment Share on other sites More sharing options...
Minty Posted 28 July, 2014 Share Posted 28 July, 2014 http://www.hat-trick.fr/southampton-est-en-vente/ Link to comment Share on other sites More sharing options...
Greenridge Posted 28 July, 2014 Share Posted 28 July, 2014 Interesting. Reflects my earlier thoughts this evening. Didn't realise Purslow was involved. Link to comment Share on other sites More sharing options...
Mr X Posted 28 July, 2014 Share Posted 28 July, 2014 everything points to a sale of the club........... but wasn't she on record as saying she was in it for the long haul? Link to comment Share on other sites More sharing options...
Minty Posted 28 July, 2014 Share Posted 28 July, 2014 Certainly mirrors most of what Crab Lungs said too - interesting times. Link to comment Share on other sites More sharing options...
hypochondriac Posted 28 July, 2014 Share Posted 28 July, 2014 everything points to a sale of the club........... but wasn't she on record as saying she was in it for the long haul? She also said we wouldn't look to sell all our players and would have a culture of openness. She has said a lot of rubbish. Link to comment Share on other sites More sharing options...
Roger Posted 28 July, 2014 Share Posted 28 July, 2014 Got to be true. Link to comment Share on other sites More sharing options...
St Marco Posted 28 July, 2014 Share Posted 28 July, 2014 She also said we wouldn't look to sell all our players and would have a culture of openness. She has said a lot of rubbish. Yep, and the sad thing is she will probably release a statement with more bull**** and people will believe that. I said in January something was not right. 7 months on and I am more convinced then ever she wants the £££ and then will split. Link to comment Share on other sites More sharing options...
Mr Saints Posted 28 July, 2014 Share Posted 28 July, 2014 I really do hope so. And She can take her bandits on the board with her. Link to comment Share on other sites More sharing options...
Webby Posted 28 July, 2014 Share Posted 28 July, 2014 Is this the action of a fit and proper owner? Link to comment Share on other sites More sharing options...
angelman Posted 28 July, 2014 Share Posted 28 July, 2014 Someone has been quite clever. If someone wants to buy the club, then the clock is really ticking. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 28 July, 2014 Share Posted 28 July, 2014 I really do hope so. And She can take her bandits on the board with her. Trouble is she takes all the transfer money with her. Link to comment Share on other sites More sharing options...
St Chalet Posted 28 July, 2014 Share Posted 28 July, 2014 I will only believe we are in takeover territory when Guided Missile starts posting again. Link to comment Share on other sites More sharing options...
Mr X Posted 28 July, 2014 Share Posted 28 July, 2014 How can a chairman of any club fall silent for so long after his initial grandiose motivational waffle? Link to comment Share on other sites More sharing options...
mynameisthehulk Posted 28 July, 2014 Share Posted 28 July, 2014 Is this the action of a fit and proper owner? Hardly fit Link to comment Share on other sites More sharing options...
badgerx16 Posted 28 July, 2014 Share Posted 28 July, 2014 So, who would be in the running to buy a category-1 academy, a 32 thousand seater stadium, and the promise of next season's parachute payments ? Because if things carry on as they are, that is all that is on the table. Link to comment Share on other sites More sharing options...
farawaysaint Posted 28 July, 2014 Share Posted 28 July, 2014 Trouble is she takes all the transfer money with her. Unless she declares a 100 million dividend this is impossible, doubt the full dividend would pass the solvency test anyway. She could conceivably withdraw some funds but not all the sales. Link to comment Share on other sites More sharing options...
Ivan Katalinic's 'tache Posted 28 July, 2014 Share Posted 28 July, 2014 Right now, I want her to sell... Link to comment Share on other sites More sharing options...
ART Posted 28 July, 2014 Share Posted 28 July, 2014 Early summer it was posted here that Ralph Kreugar would be spending the summer months in Canada looking for investors. Clear now he's been looking for buyers. It's been clear from the mass sale what has been going on. The Training Center could well be sold and run independently with access to all top clubs and perhaps Koeman. his brother, Sammy Lee are lined up to run it and not the club. Link to comment Share on other sites More sharing options...
Toon Saint Posted 28 July, 2014 Share Posted 28 July, 2014 So Krueger is the snake-oil salesman many of us thought him to be. Link to comment Share on other sites More sharing options...
Mallagroth Posted 28 July, 2014 Share Posted 28 July, 2014 http://www.hat-trick.fr/southampton-est-en-vente/ Makes sense. Fair enough they are playing a great game so far if that is the aim. Couple of cheaper signings in of middling quality and jobs a goodun. If she relegates us though she is ****ed as the clubs value will plummet. Lets see if her advisors have judged this right. Link to comment Share on other sites More sharing options...
badgerx16 Posted 28 July, 2014 Share Posted 28 July, 2014 Early summer it was posted here that Ralph Kreugar would be spending the summer months in Canada looking for investors.. Ben Smith @BenSmithBBC · 4h My understanding is that Jay Rodriguez has already agreed terms with Spurs after the clubs met in Toronto last week Coincidence ? Link to comment Share on other sites More sharing options...
sfc1976 Posted 28 July, 2014 Share Posted 28 July, 2014 Can someone explain whether or not fatty could legally make off with all the transfer funds? BBC reporting jrod and Morgan are close. Can't believe she's effectively ****ing on her fathers grave. Link to comment Share on other sites More sharing options...
farawaysaint Posted 28 July, 2014 Share Posted 28 July, 2014 Early summer it was posted here that Ralph Kreugar would be spending the summer months in Canada looking for investors. Clear now he's been looking for buyers. It's been clear from the mass sale what has been going on. The Training Center could well be sold and run independently with access to all top clubs and perhaps Koeman. his brother, Sammy Lee are lined up to run it and not the club. It is actually not owned by the club so yeah maybe Link to comment Share on other sites More sharing options...
Webby Posted 28 July, 2014 Share Posted 28 July, 2014 Genuine question, is she allowed to do this, if true? Sell all the players and then the club. She can't keep the transfer fees surely, they're an asset of the club. Link to comment Share on other sites More sharing options...
farawaysaint Posted 28 July, 2014 Share Posted 28 July, 2014 Can someone explain whether or not fatty could legally make off with all the transfer funds? BBC reporting jrod and Morgan are close. Can't believe she's effectively ****ing on her fathers grave. Check my earlier post, the answer is probably not, no. Link to comment Share on other sites More sharing options...
Pedro Posted 28 July, 2014 Share Posted 28 July, 2014 Just be careful what you wish for, look at some of the other owners, far more eccentric than what we have. Link to comment Share on other sites More sharing options...
OldNick Posted 28 July, 2014 Share Posted 28 July, 2014 Seems to add up the case where I was told that she wanted 200m , but somebody only wants to give 100m. She is to rake off 100 m of player sales etc and then the club is taken over. Link to comment Share on other sites More sharing options...
Saint Without a Halo Posted 28 July, 2014 Share Posted 28 July, 2014 Unless she declares a 100 million dividend this is impossible, doubt the full dividend would pass the solvency test anyway. She could conceivably withdraw some funds but not all the sales. She can declare a dividend of the cash that is there and sell the club without the cash however some of it was yet to be paid but never the less this will be in the asking price and a buyer can raise debt against the future cash so in effect she does take it and a buyer may be in debt by the value of the cash to be generated. Link to comment Share on other sites More sharing options...
Cestrian Saint Posted 28 July, 2014 Share Posted 28 July, 2014 Liebherr wants to sell. No **** sherlock. It doesn't take a rocket scientist to work out what's going on. Link to comment Share on other sites More sharing options...
badgerx16 Posted 28 July, 2014 Share Posted 28 July, 2014 Just be careful what you wish for, look at some of the other owners, far more eccentric than what we have. How could anybody be more eccentric than selling off the entire first team squad ? Link to comment Share on other sites More sharing options...
Dalek2003 Posted 28 July, 2014 Share Posted 28 July, 2014 Seems to add up the case where I was told that she wanted 200m , but somebody only wants to give 100m. She is to rake off 100 m of player sales etc and then the club is taken over. Good profit from the investment of Markus if that is the case. Link to comment Share on other sites More sharing options...
The Cat Posted 28 July, 2014 Share Posted 28 July, 2014 Isn't this trousering the cash theory complicated by the fact transfer fees are paid over installments? I'm presuming that none of the clubs buying our players are paying up front. Link to comment Share on other sites More sharing options...
SaintRobbie Posted 28 July, 2014 Share Posted 28 July, 2014 Unless she declares a 100 million dividend this is impossible, doubt the full dividend would pass the solvency test anyway. She could conceivably withdraw some funds but not all the sales. Really? How much do you think the club could go for and how much transfer money could we be left with? Link to comment Share on other sites More sharing options...
OldNick Posted 28 July, 2014 Share Posted 28 July, 2014 Isn't this trousering the cash theory complicated by the fact transfer fees are paid over installments? I'm presuming that none of the clubs buying our players are paying up front. That's a good point, but TV revenue could play a part as well. I'm sure clever accountancy would come into it. It was just something I was told by somebody I have had fairly decent info from in the past Link to comment Share on other sites More sharing options...
Saint Without a Halo Posted 28 July, 2014 Share Posted 28 July, 2014 This French Journalists view from what I have understood seems quite closely correlated to the explanation I posted on the Cortese thread as listed below Corteses project was based on a business plan with targeted investment with the aims of improving the football club and by doing so increasing the value of the club and playing assets by more than he invested. He was single minded and ruthless in seeing it to fruition and by all accounts he succeeded quicker than even he thought possible from both a footballing and financial viewpoint This is my take on what might have happened and is purely conjecture based on what I have read and seen in the press and elsewhere however I think it is plausible given the evidence to date. Cortese felt he could do more this year and his job (of optimising the value of the club ML bought) was not yet complete. To do so he needed funds to continue building, however by last year ML's will was finally executed and KL as the main inheritor was now in control of the funds. She saw this further spend as a gamble with her money as further success was not guaranteed.(probably rightly so). At this stage Cortese may well have offered to buy the club off her with investment promised by others. however she probably thought his offer did not fully value the club and she and her advisors felt they could do better at getting her investment returns out of the club than from the Corteses offer. The players and the manager had their doubts about her and her advisors regarding their strategy ambitions and commitment for the club. Hence we are where we are today. Link to comment Share on other sites More sharing options...
ART Posted 28 July, 2014 Share Posted 28 July, 2014 Ben Smith @BenSmithBBC · 4h My understanding is that Jay Rodriguez has already agreed terms with Spurs after the clubs met in Toronto last week Coincidence ? Yes and the barstewards have known all along and have lied thru their teeth to us.Reported here in France SFC up for sale http://www.hat-trick.fr/southampton-est-en-vente/ Link to comment Share on other sites More sharing options...
Dr Who? Posted 28 July, 2014 Share Posted 28 July, 2014 Hardly fit If you had said that a few months ago...... Oh hold on, anyone for salad Link to comment Share on other sites More sharing options...
Viking Warrior Posted 28 July, 2014 Share Posted 28 July, 2014 (edited) Can someone explain whether or not fatty could legally make off with all the transfer funds? BBC reporting jrod and Morgan are close. Can't believe she's effectively ****ing on her fathers grave. SFC 1976 No need for that abuse re fatty . Totally uncalled for and the bit about her fathers grave is probably one of the worst comments I have seen Have you thought of going on the Jeremy Kyle show . You would be well suited to the rest of the chavs that go on there and you will get 250 for doing so Edited 28 July, 2014 by Viking Warrior Link to comment Share on other sites More sharing options...
ART Posted 28 July, 2014 Share Posted 28 July, 2014 Isn't this trousering the cash theory complicated by the fact transfer fees are paid over installments? I'm presuming that none of the clubs buying our players are paying up front. Her home base is in Switzerland and doesn't matter whether paid outright or over installments. I will bet the fees are being paid up front. Link to comment Share on other sites More sharing options...
ART Posted 28 July, 2014 Share Posted 28 July, 2014 SFC 1976 No need for that abuse re fatty . Totally uncalled for I totally agree. It'd been irritating me all day the disrespect being shown to Katharina Liebherr. She could have or could pull the plug completely at any moment and then where would the club be. Link to comment Share on other sites More sharing options...
Olallana Posted 28 July, 2014 Share Posted 28 July, 2014 Isn't this trousering the cash theory complicated by the fact transfer fees are paid over installments? I'm presuming that none of the clubs buying our players are paying up front. Could just be a part of the deal. "See here, in coming years you will get this money incoming, give me 90% of that now and you have a deal"... Link to comment Share on other sites More sharing options...
OldNick Posted 28 July, 2014 Share Posted 28 July, 2014 This French Journalists view from what I have understood seems quite closely correlated to the explanation I posted on the Cortese thread as listed below Corteses project was based on a business plan with targeted investment with the aims of improving the football club and by doing so increasing the value of the club and playing assets by more than he invested. He was single minded and ruthless in seeing it to fruition and by all accounts he succeeded quicker than even he thought possible from both a footballing and financial viewpoint This is my take on what might have happened and is purely conjecture based on what I have read and seen in the press and elsewhere however I think it is plausible given the evidence to date. Cortese felt he could do more this year and his job (of optimising the value of the club ML bought) was not yet complete. To do so he needed funds to continue building, however by last year ML's will was finally executed and KL as the main inheritor was now in control of the funds. She saw this further spend as a gamble with her money as further success was not guaranteed.(probably rightly so). At this stage Cortese may well have offered to buy the club off her with investment promised by others. however she probably thought his offer did not fully value the club and she and her advisors felt they could do better at getting her investment returns out of the club than from the Corteses offer. The players and the manager had their doubts about her and her advisors regarding their strategy ambitions and commitment for the club. Hence we are where we are today. i don't expect KL to risk her families future for us but. I don't like the way it seems to be sold to us Link to comment Share on other sites More sharing options...
Webby Posted 28 July, 2014 Share Posted 28 July, 2014 I totally agree. It'd been irritating me all day the disrespect being shown to Katharina Liebherr. She could have or could pull the plug completely at any moment and then where would the club be. Pulling the plug? Meaning what exactly? Worse than what she's doing? (allegedly) Link to comment Share on other sites More sharing options...
CB Saint Posted 28 July, 2014 Share Posted 28 July, 2014 Genuine question, is she allowed to do this, if true? Sell all the players and then the club. She can't keep the transfer fees surely, they're an asset of the club. Can be done. You structure the deal as £100m for the club plus free cash in the bank. (In this case £100m) Link to comment Share on other sites More sharing options...
hypochondriac Posted 28 July, 2014 Share Posted 28 July, 2014 Isnt she effectively pulling the plug now? Link to comment Share on other sites More sharing options...
angelman Posted 28 July, 2014 Share Posted 28 July, 2014 People seem to forget why ML bought the club in the first place. It wasn't altruistic, it was a business decision and it was a bit of a bargain to boot. Oh he might have enjoyed it, but it was always there to make money. Link to comment Share on other sites More sharing options...
Rebel Posted 28 July, 2014 Share Posted 28 July, 2014 The only problem with that is outside of the top 4 - other than asset stripping like we are doing now - you can't make any money in football - your cost of sales run at about 90% just to stand still - and to stand still is to go backwards - and to go backwards is to go down The US buyers have realised this and that's why Lerner at Villa wants to get out The only reason someone would buy a Football Club now is for vanity - and the FFP rules have made that a pointless thing to do as if you're not successful already you can't buy success now That's unless you're actually a fan - then it's a didn't ball game Link to comment Share on other sites More sharing options...
sotonist Posted 28 July, 2014 Share Posted 28 July, 2014 People seem to forget why ML bought the club in the first place. It wasn't altruistic, it was a business decision and it was a bit of a bargain to boot. Oh he might have enjoyed it, but it was always there to make money. People seem to forget they don't actually know why ML bought the club and have probably never been within ten yards of the man. Yeah he probably viewed it as a good punt and a fun investment as well. KL probably views it as a large asset which fell into her lap, she has no personal interest in and it is problematic to effectively liquidate without converting the assets of the club into cash first. It's all probable. A lot of people are claiming to know the motives in play when they are only making very reasonable guesses though. Link to comment Share on other sites More sharing options...
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