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Cortese to take over the club?


teacher

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Totally agree. The possibility of Cortese taking over the club with a different backer is surely a valid topic of conversation given his past assertions of having other interested parties waiting in the wings. Even if the OP's source was a bit vaugue it would be interesting to have some sensible contributions on this. My opinion is that he appears to be a single minded man who has already put a lot of effort into the "project". Not sure he would walk away that easily if he sees an opportunity to come back with a more ambitions backer.

 

This certainly is a possibility when you consider (and yes before the wise asses jump on, I am only going by the main concusses in the media etc., which is generally not far off the mark in the final analysis) the main issue is the timing of when KL wants to sell the club - not if! The BBC article suggests that KL offered a ridiculous amount of money for NC to stay on until then, and who knows the new owners might have kept him on at the same package? Why then would NC resign, instead of sitting it out earning a huge sum and getting a potential large payoff if the new owners got rid - particularly if he was a money crazed power freak as some would have us believe??

 

For me he either has much better offers elsewhere, or indeed is trying to assemble a bid himself with new investors - he may be arrogant and stubborn but he is not stupid particularly where money is concerned! Indeed if he matched KL's asking price, who better to sell the club to? No lengthy due diligence, most staff would be retained, no issue with PL fit and proper persons etc. etc. And may be KL's way of one final thank you for making his father's wishes come true??

 

BTW, in my view the camp that believes KL has the money and so will invest to take us to the next level are very much mistaken (that's what NC wanted, so why would he leave?). KL will sell to the first bidder that matches her demand, and the rest is a gamble that we do not need after where we have been in the last few years! I, for one would have been very happy with a few years of upper mid table PL "boredom" !!

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Just arrived in the office in St Jame's Sq , SW1- no news here and we are surrounded by hedge funds who claim to know everything

 

I'm in bristol, we have 2 hedges a rose bush and a small patch of nettles. No news here although it has just started raining again for the millionth time.

 

I would check the docks for boats but the swing bridge broken.

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BTW, in my view the camp that believes KL has the money and so will invest to take us to the next level are very much mistaken (that's what NC wanted, so why would he leave?). KL will sell to the first bidder that matches her demand, and the rest is a gamble that we do not need after where we have been in the last few years! I, for one would have been very happy with a few years of upper mid table PL "boredom" !!

 

Boredom would be good. There's a chinese curse: 'May you live in interesting times'.

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eww 3 in one day barry? u must be sore

 

Pearsy, you know me, I was right about this, about Lambert going to and in talks with West Ham, have been rubbished for it, but class prevails, the sex industry is a tough place but we know our stuff here and leave "the how big my balls are" to the forum warriors. And yes sore, Grant is built like a tank.

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Just heard a classic rumour:

 

The Chinese owner of Sunseeker is to buy the club.....and move Sunseeker from Poole to Southampton.

It has been reported that Sunseeker are looking at the possibilty of building boats in Southampton as well as keeping Poole open.

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Just heard a classic rumour:

 

The Chinese owner of Sunseeker is to buy the club.....and move Sunseeker from Poole to Southampton.

 

They are looking to possibly move to Woolston, but will still stay in Poole.

 

http://www.bournemouthecho.co.uk/news/districts/poole/10934851.Sunseeker_says____no_intention____to_move_from_Poole_despite_eyeing_up_Southampton_sites/

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He did try to buy the club in the summer. Not to keep, but to sell on to someone he could work with and who would share his long term vision. He was willing to resign in summer unless she sold to him. That's as much fact as I know - a couple of days later this became public and shortly after they appeared to have come to some sort of amicable arrangement. I have no idea what they agreed to keep him at the club until yesterday but given his ultimatum in Summer I believe it did have something to do with him buying the club.

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Why would a Billionaire/Multi Millionaire want to employ NC who clearly wants to do things his own way a new owner would want things done his way no doubt.

 

But who knows whether the club is up for sale all we know is that NC has gone although we dont know why possibly because the Lieberrs wanted a more structured way the club was being run with a board directors having reponsibility for particular areas

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Why would a Billionaire/Multi Millionaire want to employ NC who clearly wants to do things his own way a new owner would want things done his way no doubt.

That's a very good question. One possibility is that NC now has a 'proven track record at Saints' or some such, plus experience, plus knows the club etc etc. He could be regarded as a safe pair of hands. Obviously though that would depend hugely on the owner, but it is at least a possible answer to that question.

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I'm retired and don't use the train to visit London, so I've missed the news. Bu&&er!

 

Hold on! The postman told me that the lady in No.36, where he spent 35 minutes, told him that her window cleaner knew this last week.

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The problem Cortese had is that he knew, to the last penny, what the club cost, including the money invested since the takeover. He feels that any increase in value since that date is due to his skills as a Chairman. It is apparent he has been working behind the scenes since Markus passed away, to raise the finance to buy the club, but he just doesn't have the resources and probably resents any price over the amount invested.

 

Football's a billionaires club now and let's hope Cortese stays the hell away. We know from the past, that large egos and small bank accounts is a mixture that leads to financial disaster. The best outcome is a large corporate or sovereign wealth fund steps in and runs Saints like a normal professional business, not a small empire for a self-preening Italian, who treats people like sh! t.

Well, the self-preening Italian did bring a billionaire to the table the first time (and save the club), so maybe he could do it again.

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I don't get this theory. If he wants to come back with other parties, why leave in the first place? If KL didn't want to actually get rid of him and he didn't really want to leave then surely he could have continued in place whilst also brokering a takeover deal.

 

That would have suited all involved. So you have to assume it isnt a option?

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I don't get this theory. If he wants to come back with other parties, why leave in the first place? If KL didn't want to actually get rid of him and he didn't really want to leave then surely he could have continued in place whilst also brokering a takeover deal.

 

That would have suited all involved. So you have to assume it isnt a option?

 

I don't think that's allowed. I think he'd need to be an independent identity on the outside in order to buy the football club.

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Only on here.

 

Probably won't be mentioned in tonight's Gloucestershire Echo but I'll check, just in case Rupert has been spouting in his local and its been picked up.

 

Just checked the Echo. It's not in there. Not on the web either, so we can be fairly sure it isn't in tomorrow's paper.

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I don't think that's allowed. I think he'd need to be an independent identity on the outside in order to buy the football club.

 

He wouldn't have to be a formal bidder to make an informal agreement with new owners that he'd stay on though? And he doesn't have the money to be a serious investor himself?

Edited by Ex Lion Tamer
Inability to make sense
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I don't think that's allowed. I think he'd need to be an independent identity on the outside in order to buy the football club.

 

Lots of people have bought a business from their boss and undertaken the purchase whilst still being an employee. What is different here? Just another rumour...

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