Jump to content

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


Recommended Posts

18 minutes ago, Wurzel said:

Pointless comment. The same applies if we do nothing.

Every business transaction carries some element of risk, if it didn't  no company would ever fail. Conversely no company would ever grow beyond average either.

Just because you don’t agree with a comment doesn’t make it pointless. 
 

I’m really not convinced that this is a positive step for the club. 

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

Confused me too, that's why I posted it. Should have been a line saying "Can someone explain how/why?" but couldn't be arsed to try and edit it on my phone.

I can only assume it means the debt would be his (or his companies) so technically not SFC debt, but secured by his shares in club and/or club assets which would then pass to lender in case of default. Presumably they (lender) could then decide to recover costs asap (firesale) or continue running club in attempt to recoup money long term.

See AC Milan I think, Elliott Management Corporation basically lent most of the money for the takeover by Li Yonghong, who then defaulted on payments so Elliott Management then took over the running of the club. 

So I suppose the same would happen here, the club would essentially become an asset of Ares if De Grosa doesn't pay the money back, rather than the club being liable for the loan. 

I'd also presume that investment companies of that sort of scale (Ares Management is I think even bigger than Elliott Management as a whole) have the ability to sit on an investment like that and re-sell it down the line.

So we'd probably either be at the same state now with an owner that basically didn't want to own us and would put the bare minimum in to maintain it and sell us on as soon as possible, or might invest a little to increase their return. 

  • Like 1
Link to post
Share on other sites
22 minutes ago, tajjuk said:

See AC Milan I think, Elliott Management Corporation basically lent most of the money for the takeover by Li Yonghong, who then defaulted on payments so Elliott Management then took over the running of the club. 

So I suppose the same would happen here, the club would essentially become an asset of Ares if De Grosa doesn't pay the money back, rather than the club being liable for the loan. 

I'd also presume that investment companies of that sort of scale (Ares Management is I think even bigger than Elliott Management as a whole) have the ability to sit on an investment like that and re-sell it down the line.

So we'd probably either be at the same state now with an owner that basically didn't want to own us and would put the bare minimum in to maintain it and sell us on as soon as possible, or might invest a little to increase their return. 

I seem to remember Gao borrowed the money personally to buy us, but as soon as he’d bought us he transferred the debt on to the club (and recovered his personal debt).

I’m not overly concerned in principle about owners funding us with debt. The key issue is the cost to the club of servicing that debt moving forward (as that will reduce the amount of money available to reinvest in the club).

Link to post
Share on other sites
4 minutes ago, saint lard said:

A long standing friend who lives and reports on Ice Hockey in Canada & states. 
Lives in Buffalo. 
Met when he and I both worked in London. In the 90’s. 
HTH

Cheers 👍

Link to post
Share on other sites

Other than ITK snippet on Monday/Tuesday, has there been any more news on this? I.e. who the likely party is, and when we can expect it to happen (with a slight bit more definition than, "soon" if possible 😅)

Link to post
Share on other sites
1 hour ago, Saint86 said:

Other than ITK snippet on Monday/Tuesday, has there been any more news on this? I.e. who the likely party is, and when we can expect it to happen (with a slight bit more definition than, "soon" if possible 😅)

Shhhhhh. No news is good news when it comes to Saints and negotiations.

And be patient, tomorrow is Friday

Link to post
Share on other sites
4 minutes ago, NewYorkSaint said:

Patience, friends. It's going to be good... 

It is going to be Trump isn't it. He will build a hotel south of the Chapel end   and a nine hole golf course on the banks of the Itchen.  He even has the piles of sand and gravel there to build the bunkers !  

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

It is going to be Trump isn't it. He will build a hotel south of the Chapel end   and a nine hole golf course on the banks of the Itchen.  He even has the piles of sand and gravel there to build the bunkers !  

Don't forget the wall somewhere east of Southampton...

  • Like 1
Link to post
Share on other sites
2 hours ago, redkeith said:

It is going to be Trump isn't it. He will build a hotel south of the Chapel end   and a nine hole golf course on the banks of the Itchen.  He even has the piles of sand and gravel there to build the bunkers !  

He's skint. Personally $450m in the hole. Think about that: the guy in charge of the largest nuclear arsenal in the world is effectively owned by whoever owns his debt. Reassuring...

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

He's skint. Personally $450m in the hole. Think about that: the guy in charge of the largest nuclear arsenal in the world is effectively owned by whoever owns his debt. Reassuring...

Russia.

Link to post
Share on other sites

So are we thinking its Wasserman now?

17 hours ago, Convict Colony said:

Feeding back to Saint Lards link of who Wasserman was in the article Wasserman was looking at clubs earlier this year - you must remember the articles about cocu, koeman, bergkamp et al leading a consortium, they werent they are just clients.

https://www.mirror.co.uk/sport/football/news/dennis-bergkamp-heading-star-studded-21964051

 

Link to post
Share on other sites
2 hours ago, Badger said:

Newcastle are welcome to that one. From the article you've posted I'd rather stick with Gao.

Yeh they sound dodgy, sound like wannabe billionaires who don't really have the cash wanting a vanity project. Lots of alarms bells round that. 

Link to post
Share on other sites

There is certainly good old fashioned honest money floating about even in the UK. ASDA has just been bought back into UK ownership from US retail giant Walmart by the billionaire Issa brothers in a £6.8bn deal. 

Our Brexit supporting local Oil billionaire has b*gg*r*d off to Monaco (EU?) so we can't keep our hopes up of him being interested.

 

 

Link to post
Share on other sites
37 minutes ago, Charlie Wayman said:

There is certainly good old fashioned honest money floating about even in the UK. ASDA has just been bought back into UK ownership from US retail giant Walmart by the billionaire Issa brothers in a £6.8bn deal. 

Our Brexit supporting local Oil billionaire has b*gg*r*d off to Monaco (EU?) so we can't keep our hopes up of him being interested.

 

 

I was hoping that the group interested in Newcastle may have diverted interest to Southampton. Just optimism and wishful thinking but they left that deal too easily and my instincts made me think that they may have seen a better alternative but that’s clutching at straws mixed with a smidgen of optimism. Nothing wrong with a little bit of an imagination and optimism and I’ve had most of my optimism beaten out of me this year 

Lets get our midfielder’s medicals done & player signed before anything else or we won’t have a Premier League club for potential owners to buy. 

Jim Ratcliffe would’ve been the best owner

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

I was hoping that the group interested in Newcastle may have diverted interest to Southampton. Just optimism and wishful thinking but they left that deal too easily and my instincts made me think that they may have seen a better alternative but that’s clutching at straws mixed with a smidgen of optimism. Nothing wrong with a little bit of an imagination and optimism and I’ve had most of my optimism beaten out of me this year 

Lets get our midfielder’s medicals done & player signed before anything else or we won’t have a Premier League club for potential owners to buy. 

Jim Ratcliffe would’ve been the best owner

If Ratcliffe took over there is a chance he might pull Ings out of the Saints squad to enter him in the Giro D'Italia . 

Link to post
Share on other sites
21 minutes ago, Saint Matty 76 said:

The owner's son (followed by Forster, Kelvin, Jaidi etc...) has just posted this up on his Instagram.

6a9e2246a3b617e9da60fe8c46feaeda.jpg

Unless they've just sacked everyone in this picture, would love for it to be announced soon that we had new owners though.

Martin Semmens just wrote on this - "Travel safe michael, From the 1st day tot he last you have been a gentlement and polite to everyone you have met and worked with. You are a bright young man with a great future and a credit to your family and we wish you well.  See you soon Martin"

Think maybe the guy has been at Saints and is now moving back to China interesting.

Update - Dan Sheldon - Michael Gao is Jisheng Gao’s young nephew. He spent a placement year with #SaintsFC. That’s finished now & he’s going home.

Edited by Convict Colony
Link to post
Share on other sites
2 minutes ago, hypochondriac said:

I'm going to stick my itk neck out and suggest we may hear something next week. 

Bookmarked.

After your failure on monday i will be scrutinising your performance on this topic.

Link to post
Share on other sites
Guest
This topic is now closed to further replies.
×
×
  • Create New...

Important Information

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