Jump to content
Sign in to follow this  
Louis

Everton On Brink Of Sale?

Recommended Posts

http://www.bbc.co.uk/blogs/thereporters/mi...ge_of_sale.html

 

Everton seem poised to be sold. Bill Kenwright, the Everton chairman, is flying off to meet an overseas buyer today which could see the Merseyside club sold for a total value of about £180m.

 

The deal is said to be at an advanced stage.

This would include taking over Everton's debt of about £65m (£25m securitised debt and a £40m overdraft).

 

If the remaining £115m is paid for the club's shares that would represent quite a premium on the club.

 

When Robert Earle paid about £8m for 23% of the club more than two years ago the shares were valued at about £40m.

 

evrton438.jpg

 

Since then, the club has selected a site for its new home although the public inquiry means no progress can be made until March 2009. I am told the buyer wanted assurances that there are good prospects of the new home being realised. He also wanted to be assured all the directors wanted to sell. Kenwright, who has been looking for a buyer for the club for sometime, was able to give that.

 

Although there has been speculation that the Indian billionaire Anil Ambani was interested, the buyer is not Ambani or any other Indian.

 

This offer represents the first genuine bid for the club and if the talks progress well the club could change hands quite soon.

 

Indeed the Everton sale may go through earlier than Newcastle's.

 

Seven potential bidders have expressed an interest in Newcastle.

 

None of them have made a bid or even an indicative offer. The seven do not include the the Nigerians or the South African consortium, which received a lot of publicity for their supposed bids which turned out be more in the realm of fantasy than any real interest.

 

As I revealed two weeks ago Mike Ashley, who had started off looking for more than £450m, would now settle for about £280m. But given the volatility of the markets this price might have to fall if the sale is go through.

 

But what about West Ham? Is that the club more likely to be sold rather than Everton or Newcastle? West Ham insist that they are not affected by the crisis that overwhelmed Iceland, the home of its owner Bjorgolfur Gudmundsson, but a sale cannot be ruled out.

 

I am told in the last few months agents have approached West Ham suggesting deals but until now the club's owner has shown no interest in talking to them.

The crisis in Iceland could change that.

 

Any such sale would be complicated by the outcome of its legal case with Sheffield United arising from the Carlos Tevez affair.

 

West Ham are hoping the to overturn the judgement given against at the Court of Arbitration for Sport.

 

But first Cas has to decide whether to take up the case - it has only agreed to hold a preliminary hearing in order to take this decision so far. No resolution of this dispute may be possible for several months. So a buyer would have to factor in the possibility that in buying the club he may be liable for a further dollop of cash and this could be as high as £50m.

 

All of which will affect the price and may any potential sale more problematic, particularly in these markets.

 

In theory all clubs are for sale.

But now there is a further complication. Valuing football clubs is always difficult but the volatility of markets means potential buyers may find they have a lot less money to offer, making a deal very complicated.

 

Please be QIA!

Share this post


Link to post
Share on other sites
wonder who it is...fingers crossed for bill gates....

 

I would piss my pants if Bill bought us...he has got nothing to do now he has stepped down so why not!

 

I still think it is Ambani! Anyone have access to flights to see where Bill is flying to? :lol:

Share this post


Link to post
Share on other sites

Don't believe any blog by Mihir Bose. Its ridiculous. If you look at the blogs he posts 90% are "X n brink of sale to foreign investors..." Same aritcle, different club.

 

I like his style of writing but recently Mihir has really gone down hill, everything he rights at the moment is complete speculation, and its always the same article just names changed. This week everton have got the speical treatement, fuck knows who next week.

Share this post


Link to post
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

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×