Been told the deal was for £5k per share, which values the CLUB - not the sale of the equity - at £175m
Serious question Tobes. If you now develop Goodison, will you have the same problems as your red neighbours with having to purchase houses very close to the ground?
@astroturfnaut @Tobes Atleast Astroreallysupportsevertonandmanutdcosthatsallhekeepsonaboutturfnaut is happy
The council were trying to get the Americans to move to WHP, they wanted the council to help in the infrastructure needed to redevelop GP. a redevelopment is not on the cards
How is Kenwright? Is he doing this now because he is (terminally?) ill? I hope not. But otherwise good move for you, I hope. Hope you don't have to wait a ****ing decade of dithering before someone actually does some work on your stadium too. Good luck. Leicester have proved, hopefully, you don't need a Sheikh anymore to win something (if not to build a dynasty). Brave new world with the TV money, I hope. Everton being stable have every right to think they can be as big as Leicester. ****, at least ten teams in the Prem can.
The footprint is too small for a modern stadium to be housed there mate. We'd need council assistance to compulsory purchase dozens of houses in the vicinity in order to make it happen. This could take years and years if there were objections (kopites lol) and for me is highly unlikely to happen. Now we have a backer I fully expect the Walton Hall Park scheme - in conjunction with LCC - to be the preferred option.
Momentous day for us mate. Not only because we now have a very wealthy de facto owner, but he just happens to be the right hand man of Usmanov....... I like the way Kenwrigt has only allowed him to take the token 49.9% in the first place, which gives the impression that he's not got complete control. Only, he has, as 31% of the equity is held by nearly 5,000 different small shareholders.......so in essence he already has full control - but Bill has chosen to stay on and ensure this guy is good to his word before handing over the entire shooting match to him. As for Bill's health, I've no idea mate, aside from knowing that he's been gravely ill since last summer. What the prognosis is nobody knows.
I thought the plan is get the 49.9% takeover approved, pay off the bank debt, get the 100% takeover approved, move into a new stadium with a new team #easy
You know more than most it seems. Seems crazy that he will pay for shares and then possibly pay the debt too?
Everton's net debt is just over £30m but the share price he bought the club at undervalued it by about £100m, so paying off the debt still means he's way ahead on his investment.
It was undervalued at £200m Barkley, Stones, Lukaku are supposed to be worth £100m on their own, and the new PL TV deal is an EXTRA £30m per year
Supposed to be worth...... Who applied those values? My house is supposed to be worth x, but the last three offers have been under that valuation.... The club was valued at £200m, so he paid half the value for half the shares(you can nit pick on that if you like!)
Beardwood added: “Forbes are calculating the final figures by using a club’s enterprise value which is your equity minus debt. “An issue that Everton have in this respect is that they’re in negative equity as they have more debt than their assets are worth. “When taking all of this into account Everton would be worth around $206million and given that Forbes are using an exchange rate of $1 to 62 pence then that makes Everton Football Club worth around £127million - which for me feels about right.” From an Echo article in 2015 when the PL TV deal had been confirmed, so add the TV money and £200m seems right
Yeah and you'd accept one of those low offers if the top floor was about to collapse without refurbishment #firesale
If you want to lend me £127m I'd glady buy Everton for that much Even if you do nothing at all in terms of developing the commerical deals or making profits on transfers, after 5 years the extra profit from the TV deals has paid for the club and made you a tidy profit.
You should really be working for Forbes or some a top end investment firm. You questioned the price and a company that each year gives values to football clubs is used.......and you question it. Lets not forget that if you add the TV money on it hits the reported £200m value and the £100m reportedly paid for 49.9% of the club
It's well known that the price Moshiri paid so far is under the actual valuation, on the agreement he will be putting extra money in later too. Ask @Tobes or any other #bitter about it. Settling £30m of debt is a small part of that.
