The9 Posted 22 March, 2017 Share Posted 22 March, 2017 They're such "good value" that despite taking nearly 2 years to get their sh*t together and actually buy the club, the PST were the only people interested in buying Portsmouth FC even when they were a L1 team. Saints were decent value as a L1 club with a nearly-new 32k stadium, additional land, a reputation for developing players (which in itself makes the club a safe bet as a decent going concern) and the Academy buildings, set up and infrastructure. The role of "bestest fans" isn't really a consideration other than for the extent to which they can fill said stadium and plough cash into the club, and whilst we had proven able to get 30k+ attendances regularly in the top flight and 25k+ in the second tier, any punt on Portsmouth's future viability is based on stuff like "250,000 people on Southsea Common", and Skate cup final attendance at Wembley (not forgetting Saints have taken over 40k there whilst in the third tier) whilst capped at a 20k max capacity, and also which doesn't tally too well with the flipside of "I qualified for an FA Cup semi-final ticket by going to one match in 1992" when calculating revenue opportunities. Fundamentally, as they proven when buying it, their club's value is the ground and the number of people they can get into the ground to take money from. Capped at 20k. And the major asset is a crumbling money-sink too. Just for the record, Thierry Henry also sent Newport's manager Mike Flynn a text last week (FAW UEFA badge coaching is cheaper and based in Newport) which has been widely reported as "endorsing Newport's bid to escape relegation", so I shall be expecting Eisner to be touring South East Wales shortly too. Link to comment Share on other sites More sharing options...
farawaysaint 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! In fairness if he can only control 52% depending on the MOI he will have very limited powers without the PST's say so despite having control over the day to day. Link to comment Share on other sites More sharing options...
Chez Posted 22 March, 2017 Share Posted 22 March, 2017 In theory yes. In reality no. Why do you say that? The trust shareholding will either be for or against a sale. So as far as I can see, unless 1214 (over half) of the 2,426 trust shareholders vote to sell, then the entire 48.48% share of the club will be voting against a sale. That would be more then enough to block a complete takeover. Link to comment Share on other sites More sharing options...
Micky Posted 22 March, 2017 Share Posted 22 March, 2017 He has to be either a fantisist or an asset stripper. This is going to be so funny. Well he can hardly be the latter can he - what have they got to strip? (Wallpaper, perhaps). Link to comment Share on other sites More sharing options...
Chez Posted 22 March, 2017 Share Posted 22 March, 2017 Interesting that Williams recognises the need to move away from a fan owned club http://www.portsmouth.co.uk/sport/football/pompey/ex-pompey-board-member-williams-eisner-gets-my-vote-1-7876812 and already seems sold on Eisner (after the number of times they have been suckered I think I'd be more guarded with my opinion about the potential new owner). I know we have been going on about it on here for ages, but the cost of maintaining Sh!t Park and ensuring it meets health and safety requirements really seems to have become a problem. One that is too big to be covered by day to day income. Investment has become a necessity not a nicety. Link to comment Share on other sites More sharing options...
Hatch Posted 22 March, 2017 Share Posted 22 March, 2017 If they all get a promise of a virtual Mickey MOuse watch, they will vote for anything. Link to comment Share on other sites More sharing options...
hutch 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. Successful wealthy businessmen don't buy things because they are cheap. They buy them because they are good value. Pompey is neither even if they offered it to him for a quid, but at a minimum price of £5m he would be getting a sinking money pit. Link to comment Share on other sites More sharing options...
Golden Balls Posted 22 March, 2017 Share Posted 22 March, 2017 Why do you say that? The trust shareholding will either be for or against a sale. So as far as I can see, unless 1214 (over half) of the 2,426 trust shareholders vote to sell, then the entire 48.48% share of the club will be voting against a sale. That would be more then enough to block a complete takeover. Because no matter what they 'vote for', the result will be in favour of the takeover. They will "make sure" *wink wink nudge nudge* they result is in favour of the takeover. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 22 March, 2017 Share Posted 22 March, 2017 Because no matter what they 'vote for', the result will be in favour of the takeover. They will "make sure" *wink wink nudge nudge* they result is in favour of the takeover. Is there a new Share options deal coming out? Link to comment Share on other sites More sharing options...
Hatch Posted 22 March, 2017 Share Posted 22 March, 2017 http://www.pompeytrust.com/shares as I'm not a frequent visitor to that site, like about once, ever , two mins ago. Is this normally closed ? Link to comment Share on other sites More sharing options...
farawaysaint Posted 22 March, 2017 Share Posted 22 March, 2017 http://www.pompeytrust.com/shares as I'm not a frequent visitor to that site, like about once, ever , two mins ago. Is this normally closed ? AFAIK they were fully subscribed. Link to comment Share on other sites More sharing options...
whelk Posted 22 March, 2017 Share Posted 22 March, 2017 Portsmouth fans claiming on Twitter that England fans are singing their 'we're on our way' song. Special breed Link to comment Share on other sites More sharing options...
Chez Posted 22 March, 2017 Share Posted 22 March, 2017 Portsmouth fans claiming on Twitter that England fans are singing their 'we're on our way' song. Special breed Pretty sure I was at a Brum game in 1996 and they were singing that song. Might be mistaken, but I know they have been singing that for years. Link to comment Share on other sites More sharing options...
Chez Posted 22 March, 2017 Share Posted 22 March, 2017 Because no matter what they 'vote for', the result will be in favour of the takeover. They will "make sure" *wink wink nudge nudge* they result is in favour of the takeover. you've lost me. Who will make sure? Link to comment Share on other sites More sharing options...
Danbert Posted 22 March, 2017 Share Posted 22 March, 2017 AFAIK they were fully subscribed. No they've still got the buckets out, but something's up: http://www.pompeytrust.com/news/new-pst-members-voting-rights-are-suspended-until-further-notice Link to comment Share on other sites More sharing options...
Danbert Posted 22 March, 2017 Share Posted 22 March, 2017 Why do you say that? The trust shareholding will either be for or against a sale. So as far as I can see, unless 1214 (over half) of the 2,426 trust shareholders vote to sell, then the entire 48.48% share of the club will be voting against a sale. That would be more then enough to block a complete takeover. This is also my understanding Link to comment Share on other sites More sharing options...
CB Fry Posted 22 March, 2017 Share Posted 22 March, 2017 Portsmouth fans claiming on Twitter that England fans are singing their 'we're on our way' song. Special breed Ten seconds on Google gives you Sheffield Wednesday, Sunderland, Bournemouth, Crewe, Huddersfield, Brighton, Leicester, Grimsby. Countless clubs up and down the leagues have sung it. Portsmyth me right up. Link to comment Share on other sites More sharing options...
explorer saint Posted 23 March, 2017 Share Posted 23 March, 2017 Ten seconds on Google gives you Sheffield Wednesday, Sunderland, Bournemouth, Crewe, Huddersfield, Brighton, Leicester, Grimsby. Countless clubs up and down the leagues have sung it. Portsmyth me right up. This song was sung by England fans in the 1980's it's been knocking around years Link to comment Share on other sites More sharing options...
Mr Biscuits Posted 23 March, 2017 Share Posted 23 March, 2017 I can't see any new single owner being interested in sharing ownership of any club with anyone else. If that was me and someone said 'we'll you can own 52%, The trust owns the rest' my response would be short and to the point. ESPECIALLY considering that any new owner is will need to sink considerable sums of money into the club just to keep it as it is. If they want progression the kipper shed will need significant amounts of money invested just to bring it up to current standards, but realistically needs to be knocked down and rebuilt completely. We've gone over the arguments for and against that and I think it's safe to say that everyone knows rebuilding the kipper shed in its current location isn't going to give them a stadium that matches their ambitions (unless they plan to play League One/Championship standard football for some time to come) Pet project or not, Scrooge McDuck isn't going to be interested in throwing his money into a black hole, he'll want to see a return for his investment. [portsmyth] Having the most passionate fans in world football [\portsmyth] won't earn any owner a single penny more than the stadium is capable of producing in terms of match day revenue. Not only that, he'll have to put in stupid amounts of money to build a squad and coaching team capable playing in whatever league he wants to be in. A decent PL squad is going to cost what? 30-50 million? Maybe less but whatever way you look at it he's buying a basket case club that needs to be completely rebuilt from the ground up. Hardly what I would term a 'hobby'. Mind you, he's a guy used to dealing with fantasy so he wouldn't be getting involved in anything he hasn't seen before. I just wonder how many portsmyths he's been told and how long it will be before reality kicks in. Link to comment Share on other sites More sharing options...
Pamplemousse Posted 23 March, 2017 Share Posted 23 March, 2017 We also still had an academy full of future gems in League 1. Even in our predicament, all of the best talent in the region was coming to us. It will take millions and millions of investment. Link to comment Share on other sites More sharing options...
saint1977 Posted 23 March, 2017 Share Posted 23 March, 2017 Ten seconds on Google gives you Sheffield Wednesday, Sunderland, Bournemouth, Crewe, Huddersfield, Brighton, Leicester, Grimsby. Countless clubs up and down the leagues have sung it. Portsmyth me right up. Add Torquay United to that list - although 'we're on our way to the Conference South' rather than the football league would have been more appropriate... Link to comment Share on other sites More sharing options...
saint1977 Posted 23 March, 2017 Share Posted 23 March, 2017 We also still had an academy full of future gems in League 1. Even in our predicament, all of the best talent in the region was coming to us. It will take millions and millions of investment. Not to mention a ground that less than a decade old, Marchwood, Jackson's Farm possibly as well. Shows how tinpot Lowe and Wilde were really. To make FP safe probably requires a few million investment and that's before it was boxed in by Tesco. No real training ground either and plenty of new sites for a new stadium have been poo-pooed. The guy needs to invest £50-100m on infrastructure at today's costs to make them even slightly competitive in the Championship and that's before any player investment. If the former owners wouldn't do that in the top flight, why would somebody do it in L2? Plymouth and Home Park is good comparison - 3 sides already done, investor funding the new Grandstand, modern parking and rail links outside. Similar fanbase and potential - you'd opt for them if you had to buy a club at that level. Plus their credit rating can't be any worse and no PST politics to wade through. Link to comment Share on other sites More sharing options...
eurosaint Posted 23 March, 2017 Share Posted 23 March, 2017 Quote from the newspaper article : "Until that time, there remains a shortage of finer details, yet Williams is encouraged by the background of the American". You would think that, given their ownership history, they would reserve judgement and do proper due diligence before getting too excited about the latest 'knight in shining armour' ! Read more at: http://www.portsmouth.co.uk/sport/football/pompey/ex-pompey-board-member-williams-eisner-gets-my-vote-1-7876812 Link to comment Share on other sites More sharing options...
hutch Posted 23 March, 2017 Share Posted 23 March, 2017 They don't need to know anything about the man. Due diligence is all about the size of his wedge. Link to comment Share on other sites More sharing options...
andysstuff Posted 23 March, 2017 Share Posted 23 March, 2017 BREAKING: #POMPEY confirm they've entered exclusive negotiations with Michael Eisner & Tornante Group over a takeover deal Sent from my D6603 using Tapatalk Link to comment Share on other sites More sharing options...
Matthew Le God Posted 23 March, 2017 Share Posted 23 March, 2017 Michael Eisner has revealed his first plans for the club's future involve a change to the badge... Link to comment Share on other sites More sharing options...
SNSUN Posted 23 March, 2017 Share Posted 23 March, 2017 Tweet him and give him hell! Link to comment Share on other sites More sharing options...
Sevvy Posted 23 March, 2017 Share Posted 23 March, 2017 In the club’s statement, a spokesman confirmed that the agreement will mean Pompey won’t enter into any other discussions with other potential bidders. Read more at: http://www.portsmouth.co.uk/our-region/portsmouth/pompey-begin-exclusivity-deal-with-american-billionaire-michael-eisner-1-7881908 Any other bidders, some hope Link to comment Share on other sites More sharing options...
rallyboy Posted 23 March, 2017 Share Posted 23 March, 2017 It'll end in toothless people shouting abuse at each other... Just like the majority of home games. Link to comment Share on other sites More sharing options...
Pamplemousse Posted 23 March, 2017 Share Posted 23 March, 2017 And he has an active twitter account. All the best owners are active on Twitter, like David Gold, for example. Link to comment Share on other sites More sharing options...
Pamplemousse Posted 23 March, 2017 Share Posted 23 March, 2017 :lol: Trevor Birch is the man Portsmouth have brought in to help them oversee the takeover Link to comment Share on other sites More sharing options...
Pamplemousse Posted 23 March, 2017 Share Posted 23 March, 2017 Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 23 March, 2017 Share Posted 23 March, 2017 Who's the leader of our club for all the world to see? P-O-M-P-E-Y, T-C-W-T-B The **** with the bell The **** with the bell.... Link to comment Share on other sites More sharing options...
Waterside.saint Posted 23 March, 2017 Share Posted 23 March, 2017 Who's the leader of our club for all the world to see? P-O-M-P-E-Y, T-C-W-T-B The **** with the bell The **** with the bell.... Link to comment Share on other sites More sharing options...
Mr Biscuits Posted 24 March, 2017 Share Posted 24 March, 2017 Who's the leader of our club for all the world to see? P-O-M-P-E-Y, T-C-W-T-B The **** with the bell The **** with the bell.... You sir, win the Internet. Link to comment Share on other sites More sharing options...
OldNick Posted 24 March, 2017 Share Posted 24 March, 2017 I have some advice for Eisner 'Let it go, let it go, let it go' Link to comment Share on other sites More sharing options...
rallyboy Posted 24 March, 2017 Share Posted 24 March, 2017 Are we going to see the Fratton End pluckily holding up signs that say it's his! Link to comment Share on other sites More sharing options...
dronskisaint Posted 24 March, 2017 Share Posted 24 March, 2017 Are we going to see the Fratton End pluckily holding up signs that say it's his! No chance! Punctuation in that toilet?!! Link to comment Share on other sites More sharing options...
St Chalet Posted 24 March, 2017 Share Posted 24 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 The wealth of ML was grossly undervalued / unreported at €3bn From an impeccable source. Link to comment Share on other sites More sharing options...
The9 Posted 25 March, 2017 Share Posted 25 March, 2017 On the train to Fratton... remind me to upload the pic from the train of the bloke in the Skate cap with the mouse ears later. Link to comment Share on other sites More sharing options...
suewhistle Posted 25 March, 2017 Share Posted 25 March, 2017 Hmm, I wonder who they're playing? ;-) Good luck and hope your record continues. Link to comment Share on other sites More sharing options...
The9 Posted 25 March, 2017 Share Posted 25 March, 2017 Just get my last "3 wins in a row at Fratton" in... Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 25 March, 2017 Share Posted 25 March, 2017 On the train to Fratton... remind me to upload the pic from the train of the bloke in the Skate cap with the mouse ears later. Was it this **** Link to comment Share on other sites More sharing options...
Pamplemousse Posted 25 March, 2017 Share Posted 25 March, 2017 Link to comment Share on other sites More sharing options...
Pamplemousse Posted 25 March, 2017 Share Posted 25 March, 2017 They're winning 2-0, and all the teams below them are slipping up at the moment. Promotion is looking like a certainty. Link to comment Share on other sites More sharing options...
Shroppie Posted 25 March, 2017 Share Posted 25 March, 2017 2-1 now. Come on Newport. You can do it! Sent from my Pixel using Tapatalk Link to comment Share on other sites More sharing options...
Pamplemousse Posted 25 March, 2017 Share Posted 25 March, 2017 It's all Newport according to Steve Cotterill watching on Sky Link to comment Share on other sites More sharing options...
Pamplemousse Posted 25 March, 2017 Share Posted 25 March, 2017 TCWTB... Mark Somerset @mark11s 2m2 minutes ago A new low for Westwood as he plays the ambulance tune for a guy clearly in some trouble #Pompey Link to comment Share on other sites More sharing options...
rallyboy Posted 25 March, 2017 Share Posted 25 March, 2017 A new low? That would be an achievement. Link to comment Share on other sites More sharing options...
Pedro Posted 25 March, 2017 Share Posted 25 March, 2017 So if they get to Div 1 and with a billionaire owner they would be in a better position than we were on minus 10. They should get 3 successive promotions, no problem. Link to comment Share on other sites More sharing options...
Recommended Posts