stozo Posted September 12, 2008 Share Posted September 12, 2008 £70 million is the amount Ashley paid to clear the club debt. He'll want that £70m back as part of any deal to sell the club. Put simply the additional £70m Ashley would want just doesn't exist in the value of the club, so anybody who wants to buy is effectively paying £70m over the value of the club. While the super rich may be looking to invest they won't pay £70m over the value of any club when there are several other options out there. So it would shock me if we were sold any time soon. Link to post Share on other sites More sharing options...
Guest Coubury Posted September 12, 2008 Share Posted September 12, 2008 70 million is fuck all to them oil rich Arabs Link to post Share on other sites More sharing options...
stozo Posted September 12, 2008 Share Posted September 12, 2008 70 million is fuck all to them oil rich Arabs While I agree they are not stupid. They are not loyal to us and they are looking at business investments, so why would you pay that extra £70 million when Everton is probobly an equally attractive prospect. Link to post Share on other sites More sharing options...
Baggio Posted September 12, 2008 Share Posted September 12, 2008 70 million is fuck all to them oil rich Arabs While I agree they are not stupid. They are not loyal to us and they are looking at business investments, so why would you pay that extra £70 million when Everton is probobly an equally attractive prospect. Because Everton don't have the stadium. Link to post Share on other sites More sharing options...
Thespence Posted September 12, 2008 Share Posted September 12, 2008 Well worked out!!!! Yes, he may have to make a loss, thems the breaks sometimes. Market forces & all that. Link to post Share on other sites More sharing options...
Guest gggg Posted September 12, 2008 Share Posted September 12, 2008 He's already got the £70 million back. Link to post Share on other sites More sharing options...
Slugsy Posted September 12, 2008 Share Posted September 12, 2008 I assume Ashley didn't stump up an additional £70m and 'gift it' to NUFC to pay off the debts - well if he did, it is common sense that the company is worth £70m more, if he paid the £70m in cash, the value of the business per its balance sheet would automatically rise by £70m so they would not be overpaying - thats the true value of the business. What is more likely is that Ashley re-financed the debt and it still exists in the holding company St James Holding. In this scenario, Stozo you are right, they will have to pay that £70m as it is a debt of the business but it isn't a hidden amount over and above the real value - its called the business Enterprise value (the cost of the business debt free/cash free) and quite normal in leveraged buy-outs. This would be no surprise to a experienced buyer - the issue is more whether a buyer can re-finance that £70m in the current banking market or whether they in turn would have to pay it themsleves ala scenario above where Ashley paid it out of his own pocket. Thus it would only be the banking market which would make a purchaser have to pay £70m more than they would want to and that may put off some purchasers, particularly those focussed on short term returns. Link to post Share on other sites More sharing options...
1878 Posted September 12, 2008 Share Posted September 12, 2008 70 million is f*** all to them oil rich Arabs While I agree they are not stupid. They are not loyal to us and they are looking at business investments, so why would you pay that extra £70 million when Everton is probobly an equally attractive prospect. Because Everton don't have the stadium. I think the asking price for the shareholding in Newcastle would be a lot more than the shareholding in EFC but when you add in our debts and stadium costs we'd end up being a more expensive proposition. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted September 12, 2008 Share Posted September 12, 2008 There is so much wrong with that opning post it's unreal Link to post Share on other sites More sharing options...
Guest kirkpatrick9 Posted September 12, 2008 Share Posted September 12, 2008 £70 million is the amount Ashley paid to clear the club debt. He'll want that £70m back as part of any deal to sell the club. Put simply the additional £70m Ashley would want just doesn't exist in the value of the club, so anybody who wants to buy is effectively paying £70m over the value of the club. While the super rich may be looking to invest they won't pay £70m over the value of any club when there are several other options out there. So it would shock me if we were sold any time soon. Man city who get 30000 when mediocre went for 200million. We have been the third highest being mediocre. Our local fan base is massive, there is markets over seas that are untapped. The tyne corridor is the 6th most populus in Britain and I'm not even counting Northumberland and Co. Durham. And though we have Sunderland and Middlesbrough near by other clubs in areas with slightly bigger population have neighbours on their toes. For example in Mancher you have Man Utd and Man city. For Arsenal you have Spurs, and Chelsea. And in Liverpool which has a smaller population you have Liverpool and Everton. Link to post Share on other sites More sharing options...
1878 Posted September 12, 2008 Share Posted September 12, 2008 Liverpool has a much bigger population than Newcastle. More than double. Link to post Share on other sites More sharing options...
Guest kirkpatrick9 Posted September 13, 2008 Share Posted September 13, 2008 Liverpool has a much bigger population than Newcastle. More than double. The tyne corridoor has a population of 880000, liverpool has 430000 Link to post Share on other sites More sharing options...
madras Posted September 13, 2008 Share Posted September 13, 2008 £70 million is the amount Ashley paid to clear the club debt. He'll want that £70m back as part of any deal to sell the club. Put simply the additional £70m Ashley would want just doesn't exist in the value of the club, so anybody who wants to buy is effectively paying £70m over the value of the club. While the super rich may be looking to invest they won't pay £70m over the value of any club when there are several other options out there. So it would shock me if we were sold any time soon. do you think the share price that ashley originally paid may have been skewed a little by the debt ? Link to post Share on other sites More sharing options...
Guest sicko2ndbest Posted September 13, 2008 Share Posted September 13, 2008 Hes got a lot of that back with the TV money that he hasnt spent Link to post Share on other sites More sharing options...
1878 Posted September 13, 2008 Share Posted September 13, 2008 Liverpool has a much bigger population than Newcastle. More than double. The tyne corridoor has a population of 880000, liverpool has 430000 Yes, Liverpool as a city is 430,000. Merseyside is 1.4m Newcastle as a city is 190,000. Tyneside is 900,000. Link to post Share on other sites More sharing options...
Guest Petay Posted September 13, 2008 Share Posted September 13, 2008 Didn't Ashley get us at a reduced price (140m I think) because of the debt. Add 70m to that and you get a figure of 210m add 10-20m for a profit for Ashley and you don't have an unreasonable price in my opinion. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted September 13, 2008 Share Posted September 13, 2008 Liverpool has a much bigger population than Newcastle. More than double. The tyne corridoor has a population of 880000, liverpool has 430000 Yes, Liverpool as a city is 430,000. Merseyside is 1.4m Newcastle as a city is 190,000. Tyneside is 900,000. Where are you taking Merseyside too? Tyneside is a strange connurbation too, would you include South Tyneside in there? Do you go up to Morpeth (Northumberland)? Likewise Merseyside, do you stop at St Helens and the Tunnels? Do you go to Southport or stop at Aintree? Newcastle and Liverpool are difficult places to compare population wise as the geography around them are completely different, and places associated as being in Newcastle's 'sphere' spread much further in all directions than Liverpool, due in no small part to Liverpool being bordered by a Sea and having Manchester and Chester in close proximity Link to post Share on other sites More sharing options...
1878 Posted September 13, 2008 Share Posted September 13, 2008 Those figures were for the official administrative boundaries of Merseyside and Tyneside, I assume it includes South Tyneside. Anyway, forget the wider regions and surrounding geography, that wasn't brought up by me. I was only comparing it on a city-to-city basis at first, correcting somebody for saying Newcastle was a bigger city when it's clearly the opposite. Link to post Share on other sites More sharing options...
Guest kirkpatrick9 Posted September 13, 2008 Share Posted September 13, 2008 Those figures were for the official administrative boundaries of Merseyside and Tyneside, I assume it includes South Tyneside. Anyway, forget the wider regions and surrounding geography, that wasn't brought up by me. I was only comparing it on a city-to-city basis at first, correcting somebody for saying Newcastle was a bigger city when it's clearly the opposite. Liverpool has a much bigger population than Newcastle. More than double. The tyne corridoor has a population of 880000, liverpool has 430000 Yes, Liverpool as a city is 430,000. Merseyside is 1.4m Newcastle as a city is 190,000. Tyneside is 900,000. Where are you taking Merseyside too? Tyneside is a strange connurbation too, would you include South Tyneside in there? Do you go up to Morpeth (Northumberland)? Likewise Merseyside, do you stop at St Helens and the Tunnels? Do you go to Southport or stop at Aintree? Newcastle and Liverpool are difficult places to compare population wise as the geography around them are completely different, and places associated as being in Newcastle's 'sphere' spread much further in all directions than Liverpool, due in no small part to Liverpool being bordered by a Sea and having Manchester and Chester in close proximity Tyneside 880000 Liverpool Urban 815000 http://en.wikipedia.org/wiki/List_of_conurbations_in_the_United_Kingdom Also would you include South Tyneside? The south tyneside I know is 70% to 90% NUFC. Link to post Share on other sites More sharing options...
Teasy Posted September 13, 2008 Share Posted September 13, 2008 £70 million is the amount Ashley paid to clear the club debt. He'll want that £70m back as part of any deal to sell the club. Put simply the additional £70m Ashley would want just doesn't exist in the value of the club, so anybody who wants to buy is effectively paying £70m over the value of the club. Of course it does.. The value of the club when Ashley bought it was lower partially because of the debt, paying off that debt raises the value of the club. Link to post Share on other sites More sharing options...
1878 Posted September 13, 2008 Share Posted September 13, 2008 Tyneside 880000 Liverpool Urban 815000 http://en.wikipedia.org/wiki/List_of_conurbations_in_the_United_Kingdom Also would you include South Tyneside? The south tyneside I know is 70% to 90% NUFC. I don't even know what "Liverpool Urban" is. That's just a made up boundary. I've just had a look at the wiki link and it counts Birkenhead and the whole of the Wirral as it's own "Urban area" for some reason. That's like taking Gateshead away from Newcastle. It's clear that you're just going to carry on ignoring the fact that the population of the individual cities is the opposite of what you claimed just because you don't like it so I won't bother debating this anymore. Link to post Share on other sites More sharing options...
Guest kirkpatrick9 Posted September 13, 2008 Share Posted September 13, 2008 Tyneside 880000 Liverpool Urban 815000 http://en.wikipedia.org/wiki/List_of_conurbations_in_the_United_Kingdom Also would you include South Tyneside? The south tyneside I know is 70% to 90% NUFC. I don't even know what "Liverpool Urban" is. That's just a made up boundary. I've just had a look at the wiki link and it counts Birkenhead and the whole of the Wirral as it's own "Urban area" for some reason. That's like taking Gateshead away from Newcastle. It's clear that you're just going to carry on ignoring the fact that the population of the individual cities is the opposite of what you claimed just because you don't like it so I won't bother debating this anymore. The urban area is cited by the national office of statistics. I'm not ignoring anything. In my original post I mentioned the tyne corridor. And with regards to the tyne corridor, it is bigger in population. And it is slightly bigger in land than Liverpool urban, though not much. But with the tyne corridor it has not acknowledged populations of Northumberland and Co Durham, just like Birkenhead and the wirral was not included in Liverpool urban. Link to post Share on other sites More sharing options...
Guest black n white Posted September 13, 2008 Share Posted September 13, 2008 £70 million is the amount Ashley paid to clear the club debt. He'll want that £70m back as part of any deal to sell the club. Put simply the additional £70m Ashley would want just doesn't exist in the value of the club, so anybody who wants to buy is effectively paying £70m over the value of the club. While the super rich may be looking to invest they won't pay £70m over the value of any club when there are several other options out there. So it would shock me if we were sold any time soon. exactly the reason he has not spent a penny Link to post Share on other sites More sharing options...
Syrette Posted September 13, 2008 Share Posted September 13, 2008 Huh? Link to post Share on other sites More sharing options...
cubaricho Posted September 13, 2008 Share Posted September 13, 2008 70 million is fuck all to them oil rich Arabs While I agree they are not stupid. They are not loyal to us and they are looking at business investments, so why would you pay that extra £70 million when Everton is probobly an equally attractive prospect. Because Everton don't have the stadium. But they also won't try and force you out when the manager walks out on the club. Link to post Share on other sites More sharing options...
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