Appaz it was the thickness of the stitching that got him. He really should have went for the thicker thread.
Club up for sale
- Thread starter dmishra
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He's participated in plenty of thick threads before
We all have.
probably cuz they’re still expecting a top fee for a team in decline.
The owners have played this badly. They either should have invested over the summer or sold then.
Isn't that how the club operates?
There's lots of rumours floating about including one wjhere the sale has been agreed, and it will be announced with in two months. Multibillion pound purchases take time. As business we are far more attractive properition
- We will have a 61000 seater stadium with room to expand executive boxes.
- The debt is low, so I am guessing any sale will include the payment in full for the loan given by FSG
- Training facility sorted
- Revenue hike due to increased capacity and multi use of stadium
- We have more European cups
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This is probably your most sensible post since joining the mad house.
As bluebell pointed out, FSG operate more quietly. FSG are not desperate to sell. The club and them are in a healthy financial state. So they will not accept lowball offers. FSG are open to different levels of investments. United are a bit more in debt and want to do a complete sale which in some cases provides an easier target to aim for.
FSG's main contacts are in US where access to cheap money has dried up due to interest rates and other Fed actions. They put the club for sale at the wrong time. Even if they were put for sale in Spring, I am confident, some US investor, for example, like Boehly would have purchased us. Lot of interesting teams available for purchase in US. Suns just got sold. Most likely NBA franchise expansion to Vegas. Commanders definitely up for sale. So lot of competition in a time when money is at a premium for investors.
Have family in ennistymon
He only played for them because Corofin Harps U13s folded that year
I'm only posting this because its the Athletic. Matt Slater says from the people who he knows in M&A, that Liverpool's only had soft enquiries. Adam Crafton says as Man u have been poorly run, and Liverpool are well run so there's greater scope with Man U.
FSG operate behind closed screen, and you only know somethings going on after its done
As a business, as it currently stands today LFC are worth more than Man U. Forbes ranks LFC at $4.5bn and Man U a tad under (the last time I checked). Yet, the asking price for LFC is $4bn and Man U is $6bn.
FSG operate behind closed screen, and you only know somethings going on after its done
As a business, as it currently stands today LFC are worth more than Man U. Forbes ranks LFC at $4.5bn and Man U a tad under (the last time I checked). Yet, the asking price for LFC is $4bn and Man U is $6bn.
[article]
Billionaire Jahm Najafi set to launch $3.75bn bid for Tottenham Hotspur
https://www.ft.com/content/c3795725-eb77-4681-848d-20c37c990386
ranian-American billionaire Jahm Najafi is preparing a blockbuster $3.75bn takeover bid for Tottenham Hotspur, the Premier League football club, according to two people with direct knowledge of the plans. Najafi, who is the chair of MSP Sports Capital, is working with a consortium of investors to structure the bid and is weeks away from formally approaching Spurs owner Joe Lewis and the football club’s chair Daniel Levy, these people said. The Najafi and MSP-led offer would value the club’s equity at approximately $3bn before adding about $750mn of debt on the club’s books. The bid is structured so that MSP and its partners will put forward 70 per cent of the purchase price, while backers from the Gulf, mainly from Abu Dhabi, will contribute the remaining 30 per cent. A takeover of Spurs, the North London-based club, could mean it spends more to challenge for the Premier League and other trophies. ENIC, a vehicle connected to Bahamas-based billionaire Lewis and chair Levy, bought into Spurs in 2000, buying a 26 per cent stake from the businessman Lord Alan Sugar for £21.9mn. Its ownership has been praised for shrewd financial management, the construction of a new stadium and regular qualification for the Champions League.
But Spurs fans have been increasingly frustrated by the lack of trophies, leading to recent protests against the ownership. The club’s last major title was the League cup in 2008. Managers including José Mourinho and the incumbent Antonio Conte have been unable to add to the trophy cabinet, despite highly rated players including Harry Kane and Heung-Min Son. The Najafi-led group’s interest in the football club extends to real estate and development rights that are available through its ownership, one of the people said. Spurs have played in a modern stadium since 2019, allowing the club to host events beyond football matches, such as National Football League games, rugby matches and music events, in a move that reduces reliance on football for ticketing income. Najafi is the latest US billionaire to seek to join the ranks of English Premier League club owners. In the past year, Chelsea was acquired for £2.5bn by a consortium led by US financier Todd Boehly and private equity group Clearlake Capital, while an investor group led by businessman Bill Foley acquired Bournemouth for £120mn. Like Chelsea, Spurs is seen as a member of the so-called Big Six group of clubs — also including Arsenal, Liverpool, Manchester City and Manchester United — that regularly compete at the top of the table in the European Champions League. Spurs reported revenues of £444mn in the year ended June 2022, jumping from £361mn the prior season, as fans returned to the club’s home ground after being excluded during the coronavirus pandemic. The club made a net loss of £50mn.
As global interest has soared in the Premier League, some longstanding owners have started considering an exit. The US billionaire Glazer family, which has owned Manchester United since 2005, is exploring a sale of the club, while Liverpool Football Club’s US owners at Fenway Sports Group have said they are also looking at a sale. Through the Najafi Companies and MSP Sports Capital, Najafi’s sports investments include McLaren Racing and X Games, the extreme sports group. The billionaire spoke no English when he moved from Iran to the US at the age of 12. He learned the language “by watching a lot of TV”, including basketball matches featuring the National Basketball Association’s Phoenix Suns, according to the MSP website. He would go on to acquire a minority stake in the NBA team. The Suns were acquired in a $4bn deal in December. New York-based MSP led an investment in McLaren in December 2020, in a deal that valued the Formula 1 racing team at £560mn. MSP also owns stakes in football clubs in Belgium, Spain and Portugal.
[/article]
Billionaire Jahm Najafi set to launch $3.75bn bid for Tottenham Hotspur
https://www.ft.com/content/c3795725-eb77-4681-848d-20c37c990386
ranian-American billionaire Jahm Najafi is preparing a blockbuster $3.75bn takeover bid for Tottenham Hotspur, the Premier League football club, according to two people with direct knowledge of the plans. Najafi, who is the chair of MSP Sports Capital, is working with a consortium of investors to structure the bid and is weeks away from formally approaching Spurs owner Joe Lewis and the football club’s chair Daniel Levy, these people said. The Najafi and MSP-led offer would value the club’s equity at approximately $3bn before adding about $750mn of debt on the club’s books. The bid is structured so that MSP and its partners will put forward 70 per cent of the purchase price, while backers from the Gulf, mainly from Abu Dhabi, will contribute the remaining 30 per cent. A takeover of Spurs, the North London-based club, could mean it spends more to challenge for the Premier League and other trophies. ENIC, a vehicle connected to Bahamas-based billionaire Lewis and chair Levy, bought into Spurs in 2000, buying a 26 per cent stake from the businessman Lord Alan Sugar for £21.9mn. Its ownership has been praised for shrewd financial management, the construction of a new stadium and regular qualification for the Champions League.
But Spurs fans have been increasingly frustrated by the lack of trophies, leading to recent protests against the ownership. The club’s last major title was the League cup in 2008. Managers including José Mourinho and the incumbent Antonio Conte have been unable to add to the trophy cabinet, despite highly rated players including Harry Kane and Heung-Min Son. The Najafi-led group’s interest in the football club extends to real estate and development rights that are available through its ownership, one of the people said. Spurs have played in a modern stadium since 2019, allowing the club to host events beyond football matches, such as National Football League games, rugby matches and music events, in a move that reduces reliance on football for ticketing income. Najafi is the latest US billionaire to seek to join the ranks of English Premier League club owners. In the past year, Chelsea was acquired for £2.5bn by a consortium led by US financier Todd Boehly and private equity group Clearlake Capital, while an investor group led by businessman Bill Foley acquired Bournemouth for £120mn. Like Chelsea, Spurs is seen as a member of the so-called Big Six group of clubs — also including Arsenal, Liverpool, Manchester City and Manchester United — that regularly compete at the top of the table in the European Champions League. Spurs reported revenues of £444mn in the year ended June 2022, jumping from £361mn the prior season, as fans returned to the club’s home ground after being excluded during the coronavirus pandemic. The club made a net loss of £50mn.
As global interest has soared in the Premier League, some longstanding owners have started considering an exit. The US billionaire Glazer family, which has owned Manchester United since 2005, is exploring a sale of the club, while Liverpool Football Club’s US owners at Fenway Sports Group have said they are also looking at a sale. Through the Najafi Companies and MSP Sports Capital, Najafi’s sports investments include McLaren Racing and X Games, the extreme sports group. The billionaire spoke no English when he moved from Iran to the US at the age of 12. He learned the language “by watching a lot of TV”, including basketball matches featuring the National Basketball Association’s Phoenix Suns, according to the MSP website. He would go on to acquire a minority stake in the NBA team. The Suns were acquired in a $4bn deal in December. New York-based MSP led an investment in McLaren in December 2020, in a deal that valued the Formula 1 racing team at £560mn. MSP also owns stakes in football clubs in Belgium, Spain and Portugal.
[/article]
Its looking that way... Qataris seemingly have given up on us and moved on to utd
Yeah, it does. I know we keep all our business behind closed doors but you would expect some leaks from the other side of the table.
Its probably the full sale or partial investment that has made them move on.
The rumours were that the Qataris wanted a majority stake but fsg wanted either a full sale or to keep a majority stake.
Again it's only rumours but as you said, would have expected some sort of leaks even small ones if there was some sort of deal going ahead.
Without out at least some sort of sale I can't see how people think there is all of a sudden going to major funds available for a squad rebuild as fsg aren't going to put their own money in and probably our most likely way of getting champ lge football would be having to win it this season so big chance we won't have that next season...
Both sides of the table seem to keep quiet when it comes to our transfers......... Personally, I'd be very surprised if we don't end up with some sort of investment.
Why?
We're doomed!!!! DOOOMED I SAYYYYYYY
Have a look at the natural resources available for plunder in Iran…
Time for a trip to Tehran me thinks.
Personally I suspect that we probably knew of interested parties, before the official news broke that we were up for sale.
I also think that there is a genuine willingness from FSG to sell up or at least give up a percentage + The Chance to get involved with a sporting brand like ours (cringed typing that), is a very attractive opportunity, that doesn't come around too often.
Those points coupled together point quite strongly to new owners/investors being found imo.
I'm guessing, the first we'll hear about it, is when the deal is almost done.
i don't know anything about this guy but sounds like he made his money in the US.
Traffiking drugs from Iran.
I too want to know the details about the buyers who may or may not have existed in the first place, and why, specifically, they couldn't find a resolution for the offer they may or may not have made.
Somebody bought Newcastle. It can’t all be about location.
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