Golden Balls Posted 20 March, 2017 Share Posted 20 March, 2017 It'll be interesting to see how much he offers the people of pompey for their shares..... This might be a wake up call for a few who may now finally realise that they paid £1000 for a sheet of A4. There may be trouble ahead..... From what I was told he would actually pay each "shareholder" their £1000 to take over the club. One would have to ask what a 75 year old American who was previously interested in Everton has in store. What's his motivation? A quick buck? A hobby? Or another yank who thinks they can be successful in English football? Not a great track record for Americans in the English game. One thing is for sure, he'll need to be a big spender to get them into the PL in 5 years. Link to comment Share on other sites More sharing options...
Sevvy Posted 20 March, 2017 Share Posted 20 March, 2017 There are better clubs around than them, so why pick pompey Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 20 March, 2017 Share Posted 20 March, 2017 A business man who wants to take over just because of the fans ..... not sure if that is a good reason to buy a business They don`t want that anyway they are fan owned and all that, proper football and all that bull Link to comment Share on other sites More sharing options...
trousers Posted 20 March, 2017 Share Posted 20 March, 2017 (edited) They don`t want that anyway they are fan owned and all that With the whiff of hard cash in the air, sit back and watch the tinpot sanctimonious brigade u-turn quicker than you can say "Tory National Insurance Blunder"... Edited 20 March, 2017 by trousers Link to comment Share on other sites More sharing options...
dronskisaint Posted 20 March, 2017 Share Posted 20 March, 2017 Former Walt Disney man in bid to takeover Mickey Mouse club... My first thought on reading it.....! So much potential, this thread could live forever! :-) Link to comment Share on other sites More sharing options...
Matthew Le God Posted 20 March, 2017 Share Posted 20 March, 2017 And so it begins...... http://www.portsmouth.co.uk/sport/football/pompey/american-billionaire-bids-to-take-over-pompey-1-7874456 3 questions... 1) I find it odd the paper still talks about it being "shares" the fans own, they aren't shares in a legal sense are they? More donations with a certificate printed off on a fans trust printer. 2) The article calls him a "billionaire", but is there any evidence he is a billionaire in pounds sterling rather than USD? 3) If the takeover happens, can we then legitimately call them Mickey Mouse club? Link to comment Share on other sites More sharing options...
Pamplemousse Posted 20 March, 2017 Share Posted 20 March, 2017 I came on here to make the Mickey Mouse joke but it's already been done Link to comment Share on other sites More sharing options...
Pamplemousse Posted 20 March, 2017 Share Posted 20 March, 2017 A quick google search suggests his net worth is exactly $1 billion - that works out at £810m So a multi millonaire, yes. A billionaire, no. And, for comparison, Katharina is worth $3 billion Link to comment Share on other sites More sharing options...
Danbert Posted 20 March, 2017 Share Posted 20 March, 2017 He has to be either a fantisist or an asset stripper. This is going to be so funny. Link to comment Share on other sites More sharing options...
Pamplemousse Posted 20 March, 2017 Share Posted 20 March, 2017 The dream is back on... Link to comment Share on other sites More sharing options...
Danbert Posted 20 March, 2017 Share Posted 20 March, 2017 Meanwhile, in former owner news, perhaps this goes some way to explaining why the forensic examination of the accounts is so overdue. Detectives have unravelled a conspiracy that involved billions of dollars being sent from suspected criminals in Russia via accounts in Latvia and Moldova held at banks notorious for their exposure to money-laundering scams. https://www.theguardian.com/world/2017/mar/20/british-banks-handled-vast-sums-of-laundered-russian-money Link to comment Share on other sites More sharing options...
SW5 SAINT Posted 20 March, 2017 Share Posted 20 March, 2017 http://www.portsmouthfc.co.uk/news/article/2016-17/portsmouth-football-club-statement-3635900.aspx Good to see that the Boards statement was signed PCFC! Link to comment Share on other sites More sharing options...
Waterside.saint Posted 20 March, 2017 Share Posted 20 March, 2017 I came on here to make the Mickey Mouse joke but it's already been done You're linking me with PCFC? Link to comment Share on other sites More sharing options...
trousers Posted 20 March, 2017 Share Posted 20 March, 2017 I wonder if Tommac is still in the business of brokering meetings between rich Americans and English Football Clubs...? Link to comment Share on other sites More sharing options...
trousers Posted 20 March, 2017 Share Posted 20 March, 2017 Good to see that the Boards statement was signed PCFC! Well, they wouldn't want to be associated with any of the tainted history of the previous football club to play at Fratton Park, would they? (apart from the trophies they didn't win on merit of course) Link to comment Share on other sites More sharing options...
Pedro Posted 20 March, 2017 Share Posted 20 March, 2017 Will this mean the return of Corp Ho, surely he won't be able to resist a touch of gloating. Link to comment Share on other sites More sharing options...
hutch Posted 20 March, 2017 Share Posted 20 March, 2017 (edited) 3 questions... 1) I find it odd the paper still talks about it being "shares" the fans own, they aren't shares in a legal sense are they? More donations with a certificate printed off on a fans trust printer. 2) The article calls him a "billionaire", but is there any evidence he is a billionaire in pounds sterling rather than USD? 3) If the takeover happens, can we then legitimately call them Mickey Mouse club? They are shares, but they are shares in the supporters trust, not the football club. Edited 20 March, 2017 by hutch Link to comment Share on other sites More sharing options...
trousers Posted 20 March, 2017 Share Posted 20 March, 2017 Will this mean the return of Corp Ho I suspect he's been posting on the main Saints forum all along... Link to comment Share on other sites More sharing options...
Chez Posted 20 March, 2017 Share Posted 20 March, 2017 So they have been actively seeking investment since September and work on the Milton and North stand is "urgent". Link to comment Share on other sites More sharing options...
rallyboy Posted 20 March, 2017 Share Posted 20 March, 2017 I'm going to have to hire in freelancers to cover night shifts on here - I can't cope with another couple of years of court cases. Link to comment Share on other sites More sharing options...
so22saint Posted 20 March, 2017 Share Posted 20 March, 2017 A quick google search suggests his net worth is exactly $1 billion - that works out at £810m So a multi millonaire, yes. A billionaire, no. And, for comparison, Katharina is worth $3 billion I worked for Disney 95-98 as a consultant and met him. he was an asshole Link to comment Share on other sites More sharing options...
Kingsbridge Saint Posted 20 March, 2017 Share Posted 20 March, 2017 (edited) Anyone got a video they can post of their missed penalty at the weekend? Comedy Gold. Edited 20 March, 2017 by Kingsbridge Saint Link to comment Share on other sites More sharing options...
Gemmel Posted 20 March, 2017 Share Posted 20 March, 2017 Anyone got a video they can post of their missed penalty at the weekend? Comedy Gold. I have a funny feeling comedy gold isn't far off the horizon and might be slightly more amusing than a sh!te penalty. Link to comment Share on other sites More sharing options...
saintwbu Posted 21 March, 2017 Share Posted 21 March, 2017 Anyone got a video they can post of their missed penalty at the weekend? Comedy Gold. Not so much for the bloke who was let down by them in his 'both teams to score' accumulator - Only lost him a small sum of £27,000!!!! Could've bought the club with that! Link to comment Share on other sites More sharing options...
Pamplemousse Posted 21 March, 2017 Share Posted 21 March, 2017 Anyone got a video they can post of their missed penalty at the weekend? Comedy Gold. Link to comment Share on other sites More sharing options...
eurosaint Posted 21 March, 2017 Share Posted 21 March, 2017 I worked for Disney 95-98 as a consultant and met him. he was an asshole TBF he should be a perfect fit for them then Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 21 March, 2017 Share Posted 21 March, 2017 I suspect he's been posting on the main Saints forum all along... Under several guises ? Link to comment Share on other sites More sharing options...
trousers Posted 21 March, 2017 Share Posted 21 March, 2017 Under several guises ? Actually, I've just remembered this is the only forum on the internet that is troll free, so I hereby retract my hunch Link to comment Share on other sites More sharing options...
OldNick Posted 21 March, 2017 Share Posted 21 March, 2017 Apt that it is Disney as this will be a rollercoaster. Standing back I suppose it would be worth a punt, it wouldnt take too much investment to get out of Division 1, surely they will do Div 2 this season. They have a decent fanbase and so a good income. IMO the 16 presidents will take the money as quick as anything. Im not sure how the payment structure would work out but I assume if the club is worth 5m the stakeholders will/might get their £1k each back and the 16 share the spoils. The problem copmes when they sell the club and the stakeholders go forward with their certificates and see that they are worth as much as The London Ice company shares when the refridgerator went into peoples homes. Link to comment Share on other sites More sharing options...
trousers Posted 21 March, 2017 Share Posted 21 March, 2017 Probably nothing significant in this, and it may have been posted before, but for the nutjob records I note that Mark Catlin was made a director of Portsmouth Community Football Club a couple of months ago. Not sure why he would only recently have become a director. Anyway, as you were gentlemen (and ladies). https://beta.companieshouse.gov.uk/company/07940335/filing-history And so it begins...... http://www.portsmouth.co.uk/sport/football/pompey/american-billionaire-bids-to-take-over-pompey-1-7874456 On reflection, perhaps these two events are linked somehow? Link to comment Share on other sites More sharing options...
dronskisaint Posted 21 March, 2017 Share Posted 21 March, 2017 I suspect he's been posting on the main Saints forum all along... +1 Link to comment Share on other sites More sharing options...
SKD Posted 21 March, 2017 Share Posted 21 March, 2017 Can't work out if I want this to happen for them or not. Whilst I enjoy laughing at them struggling in L2, it would be nice to have an opportunity to play them again. Don't really see what anyone would see in them however. Yes, they may be cheap to buy with a decent fan base (PL/championship fans base, generally no different to ours) which will generate a steady income, however it will take a sh!t load of money for him to make a real return. At a minimum they need a new stadium and to own their training facilities, that's without considering the amount they would need to spend on players to get them to the PL. Link to comment Share on other sites More sharing options...
OldNick Posted 21 March, 2017 Share Posted 21 March, 2017 Can't work out if I want this to happen for them or not. Whilst I enjoy laughing at them struggling in L2, it would be nice to have an opportunity to play them again. Don't really see what anyone would see in them however. Yes, they may be cheap to buy with a decent fan base (PL/championship fans base, generally no different to ours) which will generate a steady income, however it will take a sh!t load of money for him to make a real return. At a minimum they need a new stadium and to own their training facilities, that's without considering the amount they would need to spend on players to get them to the PL.Why would you want to play that lot, if we never had to cross their path ever it would not worry me. If they had been properly sanctioned for their cheating and having days out at Wembley I may feel differently. I still believe they got away with it, they had our EFL final x 4-5 times as well as lifting a trophy on the back of our taxes and their dishonesty. No let them have generations of lower league football and it would have been justice if they had lost their ground. Link to comment Share on other sites More sharing options...
rallyboy Posted 21 March, 2017 Share Posted 21 March, 2017 Someone has just taken the table cloth off the elephant that has been sat in the corner these last five years. They need external funding but they won't want to give anything away. So they need someone with £50m to spend who is happy to have no control over their own investment. This could go civil war fairly quickly, especially as we've been hearing for years how most of their fans hate the top two divisions and want proper football with cheap prices at small grounds - a dream not shared by any potential investor. Link to comment Share on other sites More sharing options...
The9 Posted 21 March, 2017 Share Posted 21 March, 2017 Are people genuinely regarding this as an investment possibility? What's the motivation for an aged (dollar) billionaire with no local interest to buy a lower league club with one asset, a crumbling landlocked football ground, when there's nowhere else they can put a ground even if they wanted to move? They're a bottom half Championship team in attendance terms if they fill their ground, but there's barely any financial gain to be made in buying a "big club for L2" and selling a small club for the Championship? Especially if the "£1000 each" thing is true, which is another dent of £2,300,000 if they've still got 2300 members. But as those shares have nothing to do with the club anyway, seems another element of fanciful storytelling at this point. Basically it doesn't add up. Link to comment Share on other sites More sharing options...
Saint 76er Posted 21 March, 2017 Share Posted 21 March, 2017 After all those years of Portsmyths they've now moved on to Fairytales! Still, that story was written by Factless Allen, so when that fella said he wanted to invest in a Mickey Mouse club he was likely referring to a remake of an Annette Funicello movie! They've already had Dumbo and Goofy running their club, so I suppose this is a natural progression. Anyway, come on everybody sing along with me now ... M.I.C.K.E.Y M.O.U.S.E .. Mickey Mouse, Mickey Mouse (etc). Well that's our song sorted if we ever play them again. :D:D Link to comment Share on other sites More sharing options...
Clapham Saint Posted 21 March, 2017 Share Posted 21 March, 2017 Are people genuinely regarding this as an investment possibility? What's the motivation for an aged (dollar) billionaire with no local interest to buy a lower league club with one asset, a crumbling landlocked football ground, when there's nowhere else they can put a ground even if they wanted to move? They're a bottom half Championship team in attendance terms if they fill their ground, but there's barely any financial gain to be made in buying a "big club for L2" and selling a small club for the Championship? Especially if the "£1000 each" thing is true, which is another dent of £2,300,000 if they've still got 2300 members. But as those shares have nothing to do with the club anyway, seems another element of fanciful storytelling at this point. Basically it doesn't add up. Exactly. I'd never say never but there is no reason why this guy (or anybody else) should be interested. I did notice that the PCFC board statement didn't actually reference the rumour at all, just said that they would update if they ever actually found any investment. Probably just the board having nowhere else to go for money putting out a rumour as a fishing (boom-tish) exercise. Link to comment Share on other sites More sharing options...
Lets B Avenue Posted 21 March, 2017 Share Posted 21 March, 2017 An over-excited Factless was on Talkshyte this afternoon, making jocular references to previous dodgy owners. However, he failed to mention how he was taken in by each and everyone of them as he had his nose so far up their collective backsides. Link to comment Share on other sites More sharing options...
Danbert Posted 21 March, 2017 Share Posted 21 March, 2017 Are people genuinely regarding this as an investment possibility? What's the motivation for an aged (dollar) billionaire with no local interest to buy a lower league club with one asset, a crumbling landlocked football ground, when there's nowhere else they can put a ground even if they wanted to move? They're a bottom half Championship team in attendance terms if they fill their ground, but there's barely any financial gain to be made in buying a "big club for L2" and selling a small club for the Championship? Especially if the "£1000 each" thing is true, which is another dent of £2,300,000 if they've still got 2300 members. But as those shares have nothing to do with the club anyway, seems another element of fanciful storytelling at this point. Basically it doesn't add up. This. You have to wonder whose decision it was to make this information public, and why they did so. I'd imagine that the club is behind it, which seems very strange as they have absolutely nothing to gain from doing so. From what I can gather, all that's happened is the bloke has been shown round the stadium and held a few meetings. No formal process has begun whatsoever. It all seems very premature, and exceedingly unlikely to happen. Link to comment Share on other sites More sharing options...
Rory Posted 21 March, 2017 Share Posted 21 March, 2017 Joseph Cala all over again. Link to comment Share on other sites More sharing options...
Golden Balls Posted 21 March, 2017 Share Posted 21 March, 2017 This. You have to wonder whose decision it was to make this information public, and why they did so. I'd imagine that the club is behind it, which seems very strange as they have absolutely nothing to gain from doing so. From what I can gather, all that's happened is the bloke has been shown round the stadium and held a few meetings. No formal process has begun whatsoever. It all seems very premature, and exceedingly unlikely to happen. From what I can tell and what I've been told, it's quite likely to go ahead. This guy seems to want into English football for some reason. Seems more like a hobby thing for him, his family and friends to enjoy, rather than an investment. My opinion is he thinks it'll be easy. Only way it won't go ahead is if another club takes his fancy. He's already deemed 2 other clubs too expensive. Any vote by the "shareholders" will have absolutely zero baring on the takeover. I've been told no matter what the outcome, should he wish to takeover they'll make sure he does. The PST doesn't own enough of the club to decide and they'd "make sure the result of any vote was in the favour of the takeover anyway". This is all from someone within the club today so of course, could be complete Portsmyth. Link to comment Share on other sites More sharing options...
Danbert Posted 21 March, 2017 Share Posted 21 March, 2017 Any vote by the "shareholders" will have absolutely zero baring on the takeover. I've been told no matter what the outcome, should he wish to takeover they'll make sure he does. The PST doesn't own enough of the club to decide and they'd "make sure the result of any vote was in the favour of the takeover anyway". That does sound rather like a Portsmyth. Any proposed takeover can only go through following a ballot of the fully paid up PST members and only if a majority of the members who vote approve it. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 21 March, 2017 Share Posted 21 March, 2017 That does sound rather like a Portsmyth. Any proposed takeover can only go through following a ballot of the fully paid up PST members and only if a majority of the members who vote approve it. You seem to be forgetting that they have, over the years, diluted the PST shareholding which if memory serves currently sits at about 48% with the HNWs controlling the other 52%. I can't see any of the HNWs voting against getting all their money back with a cherry on top! Link to comment Share on other sites More sharing options...
Golden Balls Posted 21 March, 2017 Share Posted 21 March, 2017 You seem to be forgetting that they have, over the years, diluted the PST shareholding which if memory serves currently sits at about 48% with the HNWs controlling the other 52%. I can't see any of the HNWs voting against getting all their money back with a cherry on top! Indeed. However the HNWs won't want to be seen going against the fans (PST) vote, so they will "make sure" the PST vote is over 50% in favour of the takeover. I'll let you draw your own conclusions as to how. Link to comment Share on other sites More sharing options...
Lord Duckhunter Posted 22 March, 2017 Share Posted 22 March, 2017 This is why it is so gutting that we haven't played them the past 3 years. The comparison between the strength of the sides was massive. We could have really given them a ****ing good banjoing. If they get this investment they'll still be worse than us, but not as dire as they were. Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
igsey Posted 22 March, 2017 Share Posted 22 March, 2017 If this take over does happen, FFP will limit how much of an impact the new money will make, right? FFP is based on incomes of a club, so attendance and sponsorships. The best way to increase the income would be to increase the size of the ground (unlikely, there's no more space for FP to grow and I don't expect this guy would want to spend a good chunk of his free cash on land and a stadium in Portsmouth for what had been described as a 'hobby' for him) or increase ticket prices, which won't please the locals. Because of FFP this guy won't suddenly be buying up Sunderland players when they get relegated... Or am I wrong in how FFP works? Sent from my SM-A300FU using Tapatalk Link to comment Share on other sites More sharing options...
Danbert Posted 22 March, 2017 Share Posted 22 March, 2017 You seem to be forgetting that they have, over the years, diluted the PST shareholding which if memory serves currently sits at about 48% with the HNWs controlling the other 52%. I can't see any of the HNWs voting against getting all their money back with a cherry on top! A takeover needs 75% approval though, so PST "shareholders" can block it. Link to comment Share on other sites More sharing options...
Hatch Posted 22 March, 2017 Share Posted 22 March, 2017 coming to a Sports Direct bargain bin any time soon... Link to comment Share on other sites More sharing options...
Golden Balls Posted 22 March, 2017 Share Posted 22 March, 2017 A takeover needs 75% approval though, so PST "shareholders" can block it. In theory yes. In reality no. Link to comment Share on other sites More sharing options...
Wes Tender Posted 22 March, 2017 Share Posted 22 March, 2017 I had a haircut yesterday at the Barbers near Cobden Bridge. The owner is a skate, so a good opportunity for a bit of gentle joshing about the possibility of their club becoming even more Mickey Mouse than it is currently. I am assured that the deal will be going through, because Eisner knows Thiery Henry, and was persuaded by him to go for them on the basis that their fans were unrivalled in their passion by any others in World football. The skate wasn't sure that he would use his two votes (his and his son's) to go for this takeover, as he wouldn't want PL football. Frankly, I fail to be convinced that somebody like Eisner would via his investment group Tornante wish to take over a fourth division football club with a decrepit old ground with no prospects for expansion, poor training facilities, massive investment required to address those shortcomings, when there are many other clubs offering a much better return. The skate reckons that Eisner is attracted by how cheap the Club would be and how amazing their support is. Link to comment Share on other sites More sharing options...
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