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Oh!
I can only guess but I would assume that if events follow most other takeovers (even those that have been successful eg Man City) there's usually a fall guy/clusterfuck involved with one or some of the initial investors. A few public embarrassments and punch-up's then one or more of them stepping down and greater control being exerted by the majority shareholder.
Foreign streams are the best, whilst not knowing what the fuck they are saying most commentators have more energy about them than our own English versions, they celebrate goals enthusiastically, don't spend the entire match spouting endless meaningless stats and don't have a co-commentator that's on the payroll of the oppo Club sitting next to them and it means there's also some crowd noise to be heard which adds to the entertainment. (and I think because it's a non-English coms it also means they aren't accessed by large English speaking audiences causing for laggy streams that the servers can't cope with the volumes of people watching).
I fear you might be right. But selling to NUFC would be lethal. Look what Woolwich selling to man city did. They supplanted them.
For me, one of the biggest head scratchers is the supposed purchase value of £300m, which seems very low for a club whose annual revenues are in the region of £200m!! I don't really get the process of valuing a football club, but a back of a fag packet calculation for any business is usually a x3 multiple of revenue for starters. For a full season with fans they average the 8th highest revenue in the PL only behind Everton and the rest of the "big 6" !!! They are one of the most profitable clubs in the PL too.
Maybe it is all their infrastructure being in the dumps? They get to buy the club for cheap but then have to invest heavily in things like the stadium, academy, training ground etc?
My gut says this shouldn't be an issue, they own these things as assets which regardless of what investment they may require to bring up to standard as a piece of raw real estate there's a book value that will underpin any valuation and that's worth it's weight in gold alone. I'm sure as the practice of negotiation by any potential buyer the investment angle can be used as a negotiation tool (I would) but for a reverse of this in operation just look further down the leagues when dubious owners have bought Football Clubs for the property value only (Coventry, Millwall, Wimbledon, Blackpool, Dulwich Hamlet to name but a few). Newcastle Stadium is absolutely prime real estate location, dominating the City skyline.
Blanchflower
suggests....
I just can't buy that. If you purchased a Ferarri 250 GTO in '77 for $70k you wouldn't sell it for $70k + what you spent on it (service and repairs) ignoring the market value is $80m today!!The story has always that MA would sell to anyone that would stump up what he'd put in over the years (even before this mob first came to the fore)......
That said, wouldn't suprise me if there's something more shadowy going on like
I think (can't be bothered to search for factual reference so forgive the assumption) he hasn't personally taken anything out of the Club since he bought it, not a salary and this is the guess bit not a dividend(???). He used the ground as a billboard for Sports direct but did this involve a fee, even if it did it's one entity he owns charging another he owns. But basically, the value of all PL Clubs has steadily increased over the past 15yrs without owners having to do anything other than ensure they remain in the division to ensure they remain on the upward growth curve.
www.forbes.com
