Jump to content
The Odd Guy

The Sunday Times - Southampton put up for sale at £250m

Recommended Posts

What’s this anyone?

 

Southampton FC - Companies House website added a charge/debenture from MSD UK Holdings Ltd. 

The signatory was Marcello Liguori but his address is given as MSD Partners, L.P. in New York. That company manages the assets of multi-billionaire Michael S Dell

Share this post


Link to post
Share on other sites
1 minute ago, Pilchards said:

What’s this anyone?

 

Southampton FC - Companies House website added a charge/debenture from MSD UK Holdings Ltd. 

The signatory was Marcello Liguori but his address is given as MSD Partners, L.P. in New York. That company manages the assets of multi-billionaire Michael S Dell

 

Share this post


Link to post
Share on other sites
1 hour ago, S-Clarke said:

What the hell is this fit and proper process thing actually doing?

Absolute shambles again by the FA and EFL.

They're also showing the same inconsistencies in point deductions. Doing the same thing to Wigan as they did to us in 2009, but not to Portsmouth - if you survive then we take your points off your final tally and you'll go down. If you go down then start on minus points.

Share this post


Link to post
Share on other sites

Back to Wigan , Guardian saying the first HK Company who bought Wigan a few weeks ago have now resold it to another HK Co (Chairman involved in both Co 's ) for a profit plus repayment of all monies , loans etc and then put the club owned by this new company into administration ! What ??

Share this post


Link to post
Share on other sites
38 minutes ago, East Kent Saint said:

Back to Wigan , Guardian saying the first HK Company who bought Wigan a few weeks ago have now resold it to another HK Co (Chairman involved in both Co 's ) for a profit plus repayment of all monies , loans etc and then put the club owned by this new company into administration ! What ??

Something very iffy has gone on, hopefully the truth will out ...

 

Just another example of how toothless football league/prem are in filtering out awful owners. Such a shame that community assets are so vulnerable.

 

I know there have been many a false dawn but hopefully in the aftermath of a new financial landscape more regulation will come into ownership/financial structures to allow clubs to complete without needing the backing of venture capitalists, oligarchs or morally bankrupt countries investment arms looking to sportswash horrendous human rights records. It would be great if this could happen without decent clubs going to the wall.

Share this post


Link to post
Share on other sites
19 hours ago, Pilchards said:

What’s this anyone?

 

Southampton FC - Companies House website added a charge/debenture from MSD UK Holdings Ltd. 

The signatory was Marcello Liguori but his address is given as MSD Partners, L.P. in New York. That company manages the assets of multi-billionaire Michael S Dell

So there are reports Michael Dell (of Dell Computers) is investing in Southampton FC: anyone know anything about this???

Share this post


Link to post
Share on other sites
12 minutes ago, RinNY said:

So there are reports Michael Dell (of Dell Computers) is investing in Southampton FC: anyone know anything about this???

Reports from where? I have just seen on here some wild guesses and supposition 

Share this post


Link to post
Share on other sites
1 minute ago, Give it to Ron said:

Reports from where? I have just seen on here some wild guesses and supposition 

I saw a brief report on NewsNowSouthampton; but I see there is a thread on this, though with a mysterious name referring to McQuarie bank rather than Dell

Share this post


Link to post
Share on other sites

MSD holdings U.K. have loaned Saints an amount secured against the stadium amd assets. Michael dell is not a director but ultimately it's his funds I suppose. That's what I can read so far.

Share this post


Link to post
Share on other sites
15 minutes ago, STEVEADAMS said:

MSD holdings U.K. have loaned Saints an amount secured against the stadium amd assets. Michael dell is not a director but ultimately it's his funds I suppose. That's what I can read so far.

Strange one, I'm not sure what to read into that. Why would MSD holdings/Michael Dell give a secured loan?, I would like to think that it is a pre purchase arrangement of some sort but its all a bit odd. 

Share this post


Link to post
Share on other sites
1 hour ago, Saint Billy said:

Strange one, I'm not sure what to read into that. Why would MSD holdings/Michael Dell give a secured loan?, I would like to think that it is a pre purchase arrangement of some sort but its all a bit odd. 

I'm not sure why it's so strange - not having a go. It's simple, like most (if not all clubs) we want/need a loan to smooth out our cash flow - particularly in these times, as we do not get all our TV money etc. evenly on a weekly/monthly basis, but the outgoing are. All this is for now is that we have a better loan deal from MSD than we had from the previous guys - so nothing to see here.

Having said that, once a relationship has been built up and if they like the cut of us and feel there is an investment opportunity down the track (1 to 2 years), they may well want to invest in a share or outright buyout. This is what happened with Sunderland - they loaned them money, but in the final analysis did not consider them a good investment. MSD have no equity in Saints whatsoever, unless the loan is secured against assets, which may be the case but that only comes into force if we default when instalments are due. This is why they can make loans to several clubs at the same time. Still no harm getting exposure to an American lending institution - makes you wonder why Mr. Gobbledegook couldn't (and yes I know he was Canadian, but claimed to have a lot of US contacts).   

Share this post


Link to post
Share on other sites
Posted (edited)
2 hours ago, Delmary said:

It does feel like more than a loan. MSD with their involvement in Sunderland and Derby have clearly been sniffing around English football clubs but we will be the first ones to actually receive some cash from them. I am sure that if they just wanted to lend money to a business they could have found some other company in these covid ridden times.

In a normal year this would have been the middle of the close season. The players would not yet have returned to training, Wimbledon would be on and Premier League football would not be at the centre of attention. Perfect timing to announce new investment.

Edited by Tamesaint

Share this post


Link to post
Share on other sites

I wonder if this has anything to do with this story on Sky Sports in May. 

An American-based company has held talks to buy Gao Jisheng's majority share of Southampton, but the coronavirus pandemic has held up discussions.

The group has shown interest in purchasing the Chinese businessman's 80 per cent controlling stake, which he put up for sale earlier this year.

 

They have been described to Sky Sports News as the only serious player in a potential takeover, following interest from more than two parties.

 

However, it is understood those talks have been disrupted by the coronavirus pandemic and a deal is not close to being agreed.

Previous owner Katharina Liebherr, who sits on the board and retains a 20 per cent stake, is said to have been actively involved in discussions

Share this post


Link to post
Share on other sites
11 hours ago, Saint Billy said:

I wonder if this has anything to do with this story on Sky Sports in May. 

An American-based company has held talks to buy Gao Jisheng's majority share of Southampton, but the coronavirus pandemic has held up discussions.

The group has shown interest in purchasing the Chinese businessman's 80 per cent controlling stake, which he put up for sale earlier this year.

 

They have been described to Sky Sports News as the only serious player in a potential takeover, following interest from more than two parties.

 

However, it is understood those talks have been disrupted by the coronavirus pandemic and a deal is not close to being agreed.

Previous owner Katharina Liebherr, who sits on the board and retains a 20 per cent stake, is said to have been actively involved in discussions

I would guess it's not linked.  But I do believe there is something in that Sky Sports story above.

  • Like 1

Share this post


Link to post
Share on other sites
Posted (edited)

no surprise. Might head onto the toon forums for the meltdown

Edited by skintsaint

Share this post


Link to post
Share on other sites

Now who is going to buy Coutinho and Hulk??

They were all set to be the next Man City!

Never mind....Mike Ashley actually keeps the £17m deposit they made as well, so he's financially laughing whilst the club will continue to languish.

Share this post


Link to post
Share on other sites
Posted (edited)

That's one relegation berth taken care of next season then 

Edited by trousers

Share this post


Link to post
Share on other sites

The fact that many of them seemed to pin their hopes on it being similar to Gao's protracted takeover of us tells you how desperate they are. If that's the attitude pervading through the club then it cannot end well. My guess is when they do get sold it will be a fascinating honeymoon period before a rather rude awakening, by which point they will be looking nervously at the lower end of the Championship.

Share this post


Link to post
Share on other sites

How did the premier league accept Gao as a director along with all our dodgy sponsors and then hold up the Newcastle bid. It's probably for the best for us but really strange the deal didn't go through.

Share this post


Link to post
Share on other sites
Posted (edited)
On 29/07/2020 at 09:22, CB Fry said:

Forum legend. Also, scumbag.

The forum stories about him were comical but what an absolute pr**k! Makes a mockery of our judicial system. 

“Yet in a pre-sentence report Barry Beardall said he “recently” inherited £25,000 and the judge wondered where that had come from and if it had been declared – adding the previous confiscation proceedings could be reopened and some of the inheritance money used to pay back more.

But Mr Martin said his client had spent all but £2,500 of it...”

Yeah. Seemingly spent on takeaways. The cowardly, divisive fat c**t!!

Edited by Gordon Mockles

Share this post


Link to post
Share on other sites
Posted (edited)
4 hours ago, Ultimatt said:

How did the premier league accept Gao as a director along with all our dodgy sponsors and then hold up the Newcastle bid. It's probably for the best for us but really strange the deal didn't go through.

Gao wouldn’t pass the owners test now.

Edited by benjii

Share this post


Link to post
Share on other sites
32 minutes ago, benjii said:

Gao wouldn’t pass the owners test now.

Didn’t they change the rules AFTER he took over?

Share this post


Link to post
Share on other sites
1 hour ago, SuperSAINT said:

Didn’t they change the rules AFTER he took over?

Yes. 

Share this post


Link to post
Share on other sites

companies house lists MSD as "Lender" for Derby and "Security Agent" for Saints i dont know if that difference means anything.

Share this post


Link to post
Share on other sites
18 hours ago, The Curse of St Mary's said:

The New York based company linked to Michael Dell has injected £30m into Derby county secured against club assets 

https://www.telegraph.co.uk/football/2020/08/12/derby-county-receive-30m-cash-injection-american-billionaire/

 

A loan into club secured against assets. Very common and plenty of clubs do it to asset with cash flow 

Share this post


Link to post
Share on other sites
9 hours ago, the saint in winchester said:

£30M is a drop in the ocean though. Buys one player.

It buys a lot more than one player in the championship. 🤣

Share this post


Link to post
Share on other sites
11 hours ago, the saint in winchester said:

£30M is a drop in the ocean though. Buys one player.

Or 30 of these. (The shit hole in the background, not the scooter).

spacer.png

  • Like 1

Share this post


Link to post
Share on other sites

Piece in The Athletic this morning talking about ex-Prem exec Richard Scudamore joining the board of a US-listed company to target European football, with a prem club at the top of their wish list.

Moneyball head Billy Beane is involved in the group.

The group is called RedBall.

It talks about US investment in sport & how appealing football is — The article ends with this:

“American interest in European football isn’t new but it’s ramped up recently because some organisations are struggling and existing owners are trying to get out. Another factor is that it’s hard to get into US sport — the valuations are astronomical and minority stakes are rare. But for £200 million you could buy Southampton, for example. The prices are appealing.”

Share this post


Link to post
Share on other sites

Raised £440 million - well it’s not going to be us then

Share this post


Link to post
Share on other sites
1 minute ago, IFHP said:

Raised £440 million - well it’s not going to be us then

My bet it’s West Ham but you could think £220 million will buy us and the other £220 million goes towards investment in the local area plus on some players.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

View Terms of service (Terms of Use) and Privacy Policy (Privacy Policy) and Forum Guidelines ({Guidelines})