Gemmel Posted 22 October, 2012 Posted 22 October, 2012 Just a thought that if our owners are still listed as "The estate of Markus Liebherr", will this (By the FA, PL etc.) be allowed indefinately? Of course there wouldn't be any issues with the FAPPT and that might have been done and dusted ages ago, but with the authorities drive for transparency etc, I am surprised, there hasn't been a formal owner / owners update.
alpine_saint Posted 22 October, 2012 Posted 22 October, 2012 I can imagine that things like probate take a helluva long time in Switzerland.
kpturner Posted 22 October, 2012 Posted 22 October, 2012 Don't think it will be long before Cortese is listed as "the owner".
alpine_saint Posted 22 October, 2012 Posted 22 October, 2012 Its a very valuable asset. I have my doubts. Part-owner, perhaps.
Gemmel Posted 22 October, 2012 Author Posted 22 October, 2012 (edited) Don't think it will be long before Cortese is listed as "the owner". Yep, I wouldn't be too surprised either. If the exchange of the loan note to equity represented the end of financial support and possibly involvement from the family, you start looking at an exit stratergy for them. There is a lot of "ifs", "buts" and guesswork, in this, but if you follow through the familys ethos on debt etc.and the subsequent external loan, (Although appreciate there could be genuine commercial reasons why it woud be better to do it that way, as opposed to the family coughing up) I don't think it's an unreasonable assumption to to think we are now on our own. From soup to nuts, the whole thing has cost 33 million. They have honoured their Fathers wishes and seen through his vision of returning the club to the Premiership. So if there is any truth in that, it comes down to how much they sell for and to whom. 50 million would provide a healthy return and would seem about right (Thinking of the squad value and assets (And of course that's fag packet maths)) and with Cortese on board with the other parts of the family business, would surely be their first port of call. Given the increase in TV revenue next year, it wouldn't be too difficult to put together a levergaed buy out, but of course that is only really likely if we stay up this year. Pure guesswork, but as originally stated, I wouldn't be surprised at all. Edited 22 October, 2012 by Gemmel
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