Jump to content

Sport Republic

Dusic

By Dusic,
in The Saints

 Share

Recommended Posts

saint1977

saint1977

Posted
Posted
1 minute ago, aintforever said:

We were only heading one way under Gao so I'm happy at least something is changing.

Although to be fair, although I didn’t want Gao to buy the club, at least under his regime, although not necessarily by him, the worst of Les and Ross’s catalogue of bloopers and waste has been curbed, including both of them. The lack of investment to repair the damage and then the exposure to so much risk through the pandemic has clearly forced a lower buying price. Only Forster’s contract left from Les’s wrecking spree and that is nearly up.

Credit to Semmens, Crocker and RH for controlling what they could to prepare for this eg Sportsbet sponsorship after LD debacle, sorting out academy and U23s, younger first team which fresh investment can add to. 

Link to comment
Share on other sites
Saint-Reece

Saint-Reece

Posted
Posted
3 minutes ago, nta786 said:

Unreal news, but sadly I'm not informed enough to be able to make a judgement as of yet.

Can only hope along with everyone else here that this goes well.

My only observation though is £100m seems so cheap in the grand scheme of things, how desperate was Gao in the end?! I wonder if there were other suitors at that price and also whether it was Semmens or Katarina who authorised this sale.

I just hope whoever did the due diligence did it well, I have doubts over the Premier Leagues "fit and proper persons test".

Re: £100m, prob need to factor in the debt we have taken on too?

  • Like 2
Link to comment
Share on other sites
Fitzhugh Fella

Fitzhugh Fella

Posted
Posted
28 minutes ago, sadoldgit said:

The point you have missed is not whether or not FT was talking bollocks, it was that you feel that you are so important that your endorsement should make a difference. The credit goes to FT for getting it right, not to you for backing him up. The important thing here is the news, not your attempt to make it all about you again.

To be honest this forum only exists for Turkish and his ego these days. 

  • Like 1
  • Haha 3
Link to comment
Share on other sites
benjii

benjii

Posted
Posted

Not a lot of info yet and it's not clear how SFC will fit into the broader football portfolio that they seem to want to build, or what exactly is funding that because if this Serb guy is only worth around GBP 1 billion then that won't go very far. It's also strange how cheap the reported price is. Debt, or no debt, West Ham just went for 700 million, so there's definitely something else at play when it comes to the price. Maybe there is some deferred element. Also not clear why Kat wants to retain her 20%. Finally, not clear to what extent the Brentford chap will want to change things operationally.

So, lots of questions.

On the plus side, they appear "legit" and seem to be here for reasons beyond, "I thought I'd better get some assets out of China", and don't appear to be linked to any criminal activity, which makes a nice change.

  • Like 2
Link to comment
Share on other sites
Bad Wolf

Bad Wolf

Posted
Posted
1 minute ago, nta786 said:

My mate just said “so you guys cost the same price as Jack Grealish?”

Mental that.

Didn't Markus buy us for £6 Million? Half the price that we'd sell Chamberlain for a couple of years later?

Also, with regards to this Brentford guy, what will be his role if the Serbian guy is the main funder? Is the ex-Brentford guy like the Cortese of this takeover?

Link to comment
Share on other sites
TWar

TWar

Posted
Posted
Just now, nta786 said:

My mate just said “so you guys cost the same price as Jack Grealish?”

Mental that.

Lucky asset stripping is blocked as it is under half the value of our playing squad according to TM. And that's with pretty strange valuations like Salisu at £9m.

Link to comment
Share on other sites
Saint_clark

Saint_clark

Posted
Posted
Just now, benjii said:

Not a lot of info yet and it's not clear how SFC will fit into the broader football portfolio that they seem to want to build, or what exactly is funding that because if this Serb guy is only worth around GBP 1 billion then that won't go very far. It's also strange how cheap the reported price is. Debt, or no debt, West Ham just went for 700 million, so there's definitely something else at play when it comes to the price. Maybe there is some deferred element. Also not clear why Kat wants to retain her 20%. Finally, not clear to what extent the Brentford chap will want to change things operationally.

So, lots of questions.

On the plus side, they appear "legit" and seem to be here for reasons beyond, "I thought I'd better get some assets out of China", and don't appear to be linked to any criminal activity, which makes a nice change.

West ham are a London based team with a brand new huge stadium that costs the club next to nothing. They're a massive opportunity. We are not. 

Link to comment
Share on other sites
Saint_clark

Saint_clark

Posted
Posted
1 minute ago, Instant Classic said:

Didn't Markus buy us for £6 Million? Half the price that we'd sell Chamberlain for a couple of years later?

Also, with regards to this Brentford guy, what will be his role if the Serbian guy is the main funder? Is the ex-Brentford guy like the Cortese of this takeover?

Is he definitely going to be directly involved with us or is he working in the group overseeing a bunch of clubs? 

Link to comment
Share on other sites
TWar

TWar

Posted
Posted
2 minutes ago, benjii said:

Not a lot of info yet and it's not clear how SFC will fit into the broader football portfolio that they seem to want to build, or what exactly is funding that because if this Serb guy is only worth around GBP 1 billion then that won't go very far. It's also strange how cheap the reported price is. Debt, or no debt, West Ham just went for 700 million, so there's definitely something else at play when it comes to the price. Maybe there is some deferred element. Also not clear why Kat wants to retain her 20%. Finally, not clear to what extent the Brentford chap will want to change things operationally.

So, lots of questions.

On the plus side, they appear "legit" and seem to be here for reasons beyond, "I thought I'd better get some assets out of China", and don't appear to be linked to any criminal activity, which makes a nice change.

It's not that much less that the net worth of the guy in charge of Liverpool. Net worth isn't really that important, it's how much you spend of it (and FFP ofcourse)

Link to comment
Share on other sites
Saint_clark

Saint_clark

Posted
Posted
Just now, TWar said:

It's not that much less that the net worth of the guy in charge of Liverpool. Net worth isn't really that important, it's how much you spend of it (and FFP ofcourse)

Pointless comparison as Liverpool bring in hundreds of millions in sponsorship, merchandise and executive hospitality. 

  • Like 2
Link to comment
Share on other sites
TWar

TWar

Posted
Posted
1 minute ago, Saint_clark said:

Pointless comparison as Liverpool bring in hundreds of millions in sponsorship, merchandise and executive hospitality. 

This was kind of my point... Owner net worth doesn't make much difference. Our FFP wiggle room is like £35m due to lack of the above things, given that it makes little difference if he has £1bn or £10bn. This is proven by the fact that Palace, Wolves and Villa have richer owners than United, Spurs and Liverpool.

Link to comment
Share on other sites
nta786

nta786

Posted
Posted
9 minutes ago, Instant Classic said:

Didn't Markus buy us for £6 Million? Half the price that we'd sell Chamberlain for a couple of years later?

Also, with regards to this Brentford guy, what will be his role if the Serbian guy is the main funder? Is the ex-Brentford guy like the Cortese of this takeover?

Yep, also I’m pretty sure the £180m that Gao paid was also due to us having a £75m asset in Van Dijk at the time which drove the price up.

I sense in this case this new Serb has managed to negotiate well 

Link to comment
Share on other sites
JRM

JRM

Posted
Posted
11 minutes ago, nta786 said:

My mate just said “so you guys cost the same price as Jack Grealish?”

Mental that.

Not sure Grealish came with the amount of debt we're carrying. 

Is this a leveraged buy out? 

Link to comment
Share on other sites
TWar

TWar

Posted
Posted

Some random guy on reddit said this:

 

"As a Serbian, this is genuinely the funniest shit i've read in a while. Basically yeah, from neutral standpoint guy just appers to be a regular run of the mill mogul, but in state media guy is an absolute piranha, joint state enemy number one.

Unfortunatelly here state propaganda runs wild brother, and Mr. Solak is to national media basically root of everything bad in this country. He "works with opposition" to depose the government, he finances that with, get this, money laundering schemes from Madagascar, of course he works with mafia as well, all in all, very liked guy by the state media.

Does that mean something bad for Southampton tho? Doubt it honestly, although since there are many brainwashed people here, I wouldn't count on getting hella popular in Serbia.

But I am looking very forward to the state media talking how evil Solak uses Southampton as his new money laundering scheme with which he will try to depose our very beloved leader."

No idea of the truth behind it but thought it was an interesting read so reposted it.

 

  • Haha 1
Link to comment
Share on other sites
macca155

macca155

Posted
Posted

Crucial thing is will it bring stability. A decent run club with EPL income, no debt, and modest investment can easily prosper.

I like the current setup, buy young, use develop, and repeat. It needs a bit more investment to work. Being able to buy Broja for example.

Hopefully the new setup will bring this.

At least it removes uncertainty.

  • Like 3
Link to comment
Share on other sites
stevy777_x

stevy777_x

Posted
Posted
2 minutes ago, macca155 said:

Crucial thing is will it bring stability. A decent run club with EPL income, no debt, and modest investment can easily prosper.

I like the current setup, buy young, use develop, and repeat. It needs a bit more investment to work. Being able to buy Broja for example.

Hopefully the new setup will bring this.

At least it removes uncertainty.

Watch Ralph work his magic now that we will invest a little more.

  • Like 2
Link to comment
Share on other sites
100%Red&White

100%Red&White

Posted
Posted (edited)

I won't knock Gao, he had little impact on the playing side and general investment but he could have done a lot of damage if he wanted to claw his £millions back. He's taken a massive hit financially and walked away when he could have asset-stripped.

Glad he's gone but we're still well placed to push on.

Edited by 100%Red&White
  • Like 4
Link to comment
Share on other sites
Streaky

Streaky

Posted
Posted
18 minutes ago, TWar said:

This was kind of my point... Owner net worth doesn't make much difference. Our FFP wiggle room is like £35m due to lack of the above things, given that it makes little difference if he has £1bn or £10bn. This is proven by the fact that Palace, Wolves and Villa have richer owners than United, Spurs and Liverpool.

But can't his telecoms company sponsor us 100m a season as a get around. Think so.

Link to comment
Share on other sites
JxgrSaint

JxgrSaint

Posted
Posted
Just now, Streaky said:

But can't his telecoms company sponsor us 100m a season as a get around. Think so.

Well the Premier League just brought in these new related party sponsorship rules. 

Think the crux of them is that all deals with related parties have to be independently assessed as being done at fair value to stop Newcastle doing a City.

 

 

  • Like 1
Link to comment
Share on other sites
Cabrone

Cabrone

Posted
Posted

No idea about the new guy, I just hope Ralph gets some readies. I want to see what he can do with some money behind him.

So it's farewell Gao, funny old tenure really. He was completely anonymous and fairly uninspiring yet to be fair to him he got the big decision right i.e. bringing in Ralph and overall kept the club on a stable if rather uninspiring path.

Link to comment
Share on other sites
Turkish

Turkish

Posted
Posted (edited)
1 hour ago, Verbal said:

Everyone knows what you're thinking sunshine.  You've splurged it out all on here, in nearly 40,000 posts

Bit rich coming from you pal I see you’ve turned another thread into one about me with all you lot in a rush to have a dig hilarious 🤣

Edited by Turkish
Link to comment
Share on other sites
Ex Lion Tamer

Ex Lion Tamer

Posted
Posted
10 minutes ago, Cabrone said:

No idea about the new guy, I just hope Ralph gets some readies. I want to see what he can do with some money behind him.

So it's farewell Gao, funny old tenure really. He was completely anonymous and fairly uninspiring yet to be fair to him he got the big decision right i.e. bringing in Ralph and overall kept the club on a stable if rather uninspiring path.

Gao > Askham > Lowe

Link to comment
Share on other sites
Dman

Dman

Posted
Posted
21 minutes ago, TWar said:

This was kind of my point... Owner net worth doesn't make much difference. Our FFP wiggle room is like £35m due to lack of the above things, given that it makes little difference if he has £1bn or £10bn. This is proven by the fact that Palace, Wolves and Villa have richer owners than United, Spurs and Liverpool.

Of course it makes a difference.

To run a successful group of clubs which are looking to compete in Europe, you’ll need to spend around £500m over 4/5 seasons (you’re probably looking 3/400m alone for a club just in the PL - including purchase). 

That’s roughly of his net worth, where as 500m is minimal to someone of the worth of £10B. 


This transfer window it won’t, but over a prolonged period of time it’ll make a difference. 

Personally, I’m expecting more of the same from this guy, but hopefully a little more astute in the transfer market. For me he doesn’t appear wealthy enough to be a premier league owner, but Fingers crossed we’ll have a little more wiggle room in the market and will have capacity to break our current 20m price bracket on players. Not hopeful of that, but let’s wait and see. 
 

If Semmens / Crooker stay at the club in some capacity; I don’t see any real down side though, perhaps just not as good as was hoping. 

  • Like 2
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...