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    Takeover, fact or fiction?

    MadAmster
    MadAmster

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    Takeover, fact or fiction? Empty Takeover, fact or fiction?

    Post by MadAmster on Wed 11 Sep 2019, 8:00 am

    Rumour has it Foster Gillett has had talks with Mel Morris about DCFC takeover!


    Considering the hassle LFC had with his Dad (and he?) is this a buyer we would welcome?


    https://www.lfclive.net/news/ExLiverpool-owner-George-Gilletts-son-Foster-in-bid-to-buy-Derby-County-811340
    SawleyRam
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    Takeover, fact or fiction? Empty Re: Takeover, fact or fiction?

    Post by SawleyRam on Wed 11 Sep 2019, 1:06 pm

    MadAmster wrote:Rumour has it Foster Gillett has had talks with Mel Morris about DCFC takeover!


    Considering the hassle LFC had with his Dad (and he?) is this a buyer we would welcome?


    https://www.lfclive.net/news/ExLiverpool-owner-George-Gilletts-son-Foster-in-bid-to-buy-Derby-County-811340

    Liverpool was sold to Gillette for £435 million, a far cry from the £60 million being mentioned for the Derby purchase, perhaps junior can afford that! If not it will have been a close shave leaving us on a razor's edge over FFP.

    You dangled that one there to see who would be the first one to bite, didn't you 'Ammy?

    I bit.



    It is better, of course, to know useless things than to know nothing.
    MadAmster
    MadAmster

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    Takeover, fact or fiction? Empty Re: Takeover, fact or fiction?

    Post by MadAmster on Wed 11 Sep 2019, 1:49 pm

    For once, Sawls, I was asking a genuine question. When his owd feller bought Liverpool he borrowed the money to buy the shares and then, once he had them all, he passed the debt on to LFC. The Glazers did the same with MUFC. I don't want that happening to us.

    IMO, if you borrow money to buy something, the debt is yours, not that of whatever it is you bought. I can't borrow money to buy a Lamborghini Sian and then pass the debt on to the car so why can people buy shares in a company and then pass the debt over to the company they bought using borrowed money.........
    valakari
    valakari

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    Takeover, fact or fiction? Empty Re: Takeover, fact or fiction?

    Post by valakari on Wed 11 Sep 2019, 7:48 pm

    Not happening according to Mel's mate Jim White!
    rob
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    Takeover, fact or fiction? Empty Re: Takeover, fact or fiction?

    Post by rob on Fri 20 Sep 2019, 2:30 pm

    I really don't know why we are not an attractive proposition - apart from the fact we have nothing on our balance sheet anymore since the sale of the stadium
    CornwallRam
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    Post by CornwallRam on Fri 20 Sep 2019, 4:16 pm

    rob wrote:I really don't know why we are not an attractive proposition - apart from the fact we have nothing on our balance sheet anymore since the sale of the stadium

    I think that our main issue is that we are massive for a small town club. When things are going well, 30,000 home supporters turn up. That's more than 10% of the city's population. Unless we are lucky enough to do a Leicester, we're not going to get any bigger, thus there is little room for commercial growth.

    As we are, we are losing about half a million a week. Promotion will put us in profit, but most of the new cash will need to be spent keeping us out of the bottom three. Promotion, as we know, is very far from guaranteed.

    DCFC will never be a cash cow for any investor. The only way we'll get anyone with deeper pockets than Mel is if they are slightly deranged, a huge fan or looking to use the club as a means of promoting something else.

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