Leicester City For Sale (Ongoing Thread)

[Scotch]

41 minutes ago, Nick said:

Are people concerned about the BC deal as it might be a way like allegedly Man City of KP or Thai cash going through it to boost revenue or that BC might be washing their own currency through it?

That's what I've always believed is happening. 

[Lambert09]

2 hours ago, Nick said:

Are people concerned about the BC deal as it might be a way like allegedly Man City of KP or Thai cash going through it to boost revenue or that BC might be washing their own currency through it?

I don’t think our owners have money to fund anything close to that. We had the opportunity to use many legal loopholes if they actually wanted to inject money (women’s team etc). BC game are doing their own shady nonsense but I doubt it’s being bankrolled by us 

Edited 6 October by Lambert09

[Lee Sweatshirt]

If only we could just fast forward time to when that clown Top has finally sold up!

[jammie82uk]

19 hours ago, CosbehFox said:

 

Wednesday and Everton took seven months. 

 

Parties will be targeting December 

Surely not a chance this takeover gets done by December, at least 4 months will be taken by the EFL and the Football regulator, I’m expecting it to be April/May at the earliest 

[CosbehFox]

25 minutes ago, jammie82uk said:

Surely not a chance this takeover gets done by December, at least 4 months will be taken by the EFL and the Football regulator, I’m expecting it to be April/May at the earliest 

The agreement of a purchase is realistic by December though. Then let the relevant regulator bodies do what they need. 

Edited 7 October by CosbehFox

[Globalfox]

9 minutes ago, CosbehFox said:

The agreement of a purchase is realistic by December though. Then let the relevant regulator bodies do what they need. 

A deal in principle yes a signed deal no. Who buys a club only to be rejected by the EFL and IFR all 3 elements need to be assured. The IFR delays killed the investment in Derby. Due diligence alone will take 90 days given the complexities of the KP deals.due diligence and EFL test 90 days, IFR license up to 90 days after that so we should be expecting March at the earliest in my mind. This is assuming there are no big aha’s in the due diligence,

[Tommy G]

38 minutes ago, Globalfox said:

A deal in principle yes a signed deal no. Who buys a club only to be rejected by the EFL and IFR all 3 elements need to be assured. The IFR delays killed the investment in Derby. Due diligence alone will take 90 days given the complexities of the KP deals.due diligence and EFL test 90 days, IFR license up to 90 days after that so we should be expecting March at the earliest in my mind. This is assuming there are no big aha’s in the due diligence,

You can sign a deal ''subject to'' within an SPA, I've done one recently. The ''subject to'' here will be approval by the football regulator. Any serious buyer will have already engaged with the EFL, you don't need to wait until signed for that anyway. 

[st albans fox]

It’s gone v quiet 

you’d assume that if Citibank hadn’t got any solid invest then they’d be pushing again at some point after a few weeks. We know the owners need to find a buyer. 

[MGLCFC]

This will drag on and on

Edited 7 October by MGLCFC

[justfoxes]

Here’s hoping for a Christmas to remember getting the Takeover signed sealed delivered and announced with the news also of Rudkin & Top leaving the KP !

[Pita]

3 hours ago, justfoxes said:

Here’s hoping for a Christmas to remember getting the Takeover signed sealed delivered and announced with the news also of Rudkin & Top leaving the KP !

That would be nice but I can’t see it happening until next summer there will be a lot to unravel 

[Sly]

We can now add Everton to the list of clubs for sale.

 

To put things into perspective, they’re valued at £366m. Franklin Group are looking for £450.

 

£225 for a League 1 club? 
 

or 

 

£450m for an established, long serving, never been relegated Premier League club.

 

No brainer if you’ve got money to spunk around! 

[st albans fox]

36 minutes ago, Sly said:

We can now add Everton to the list of clubs for sale.

 

To put things into perspective, they’re valued at £366m. Franklin Group are looking for £450.

 

£225 for a League 1 club? 
 

or 

 

£450m for an established, long serving, never been relegated Premier League club.

 

No brainer if you’ve got money to spunk around! 

That sounds ridiculous 

palace have gone on the record this week with a 900m valuation re investment 

 

everton are worth way more than that even with the ground excluded (which it clearly must be) 

 

EDIT:  they are carrying approx £500m debt so that explains the price 

 

 

Edited 9 October by st albans fox

[MonarchFox]

3 hours ago, Sly said:

We can now add Everton to the list of clubs for sale.

 

To put things into perspective, they’re valued at £366m. Franklin Group are looking for £450.

 

£225 for a League 1 club? 
 

or 

 

£450m for an established, long serving, never been relegated Premier League club.

 

No brainer if you’ve got money to spunk around! 

I think the no brainer is if you've got money to spunk around, don't do it in football

[VLC86]

3 hours ago, st albans fox said:

That sounds ridiculous 

palace have gone on the record this week with a 900m valuation re investment 

 

everton are worth way more than that even with the ground excluded (which it clearly must be) 

 

EDIT:  they are carrying approx £500m debt so that explains the price 

 

 

Sounds like their owners are being quite sensible in deducting the debt levels from everything else which is interesting.

 

Edit: A quick online search suggests that these figures aren’t correct.

Edited 9 October by VLC86

[AjcW]

We’ve hired an incredibly experienced finance director this week. CV with more experience than our leadership team combined  

 

She has experience of working through a takeover also…. Fawaz to Maranakis no less! 

[st albans fox]

50 minutes ago, AjcW said:

We’ve hired an incredibly experienced finance director this week. CV with more experience than our leadership team combined  

 

She has experience of working through a takeover also…. Fawaz to Maranakis no less! 

The balance of Faes wages not spent on smallbone ………

[HankMarvin]

NATIONAL LEAGUE club Gateshead have agreed to a deal to be sold to an American private investment company worth more than £5.3billion

[Jattdogg]

42 minutes ago, HankMarvin said:

NATIONAL LEAGUE club Gateshead have agreed to a deal to be sold to an American private investment company worth more than £5.3billion

Lebanese pound.

[BigGibbo]

Finalise the deal now. At any price. 

 

We're already approaching the point where any successful bidders will pull out because administration is a formality if we stay in this division and even more so if we get relegated.

[lcfc_forever]

Offers have to be submitted by this week:

 

Edited Monday at 14:04 by lcfc_forever

[ClaphamFox]

51 minutes ago, lcfc_forever said:

Offers have to be submitted by this week:

 

"The identity of any serious bidders was unclear on Monday - although one football insider said the deadline had been pushed back to accommodate other parties."

 

So either we didn't have any serious bidders before, or we did but somebody even more serious has come in late...

 

[HankMarvin]

A football club on its arse that gets worse week by week.

[ozleicester]

2x Loaded Potato Tots and Hotdogs and 1 myLIMITLESS PLUS  for the Odeon.

[Tommy G]

10 minutes ago, ClaphamFox said:

"The identity of any serious bidders was unclear on Monday - although one football insider said the deadline had been pushed back to accommodate other parties."

 

So either we didn't have any serious bidders before, or we did but somebody even more serious has come in late...

 

Second option I'd take a punt on, hopefully anyway