Guest The Toon Army from farawa Posted July 17, 2009 Share Posted July 17, 2009 Sports Direct profits down 91% to £10.7 mil and £430 mil in debt. Hope this doesn't efFect the sale. http://news.bbc.co.uk/1/hi/business/8153274.stm Link to post Share on other sites More sharing options...
Optimistic Nut Posted July 17, 2009 Share Posted July 17, 2009 John Gibson from the Chronicle was at the NUSC gathering tonight. John Gibson suggested that there's been no bid close to £100m tonight. He also intimated that the malaysians were just casino buddies of Ashley who'd come to put on a show of interest. The only actual interest has been the £55m bid from Shepherd and a US hedge fund. And yet they have not ran with any of that in the paper. Link to post Share on other sites More sharing options...
Skirge Posted July 17, 2009 Share Posted July 17, 2009 Sports Direct profits down 91% to £10.7 mil and £430 mil in debt. Hope this doesn't efFect the sale. http://news.bbc.co.uk/1/hi/business/8153274.stm May hurry him up, he is loseing dosh so can he afford to wait.. Link to post Share on other sites More sharing options...
gray Posted July 17, 2009 Share Posted July 17, 2009 I think they're waiting for us to hit 200 pages, come on lads! Link to post Share on other sites More sharing options...
Dr.Spaceman Posted July 17, 2009 Share Posted July 17, 2009 If the situation is as John Gibson says it is, then how the fuck does Llambias get away with those blatant lies about 2 bids over £100m having been made? And also, why the fuck would you lie like that? What a dick. Link to post Share on other sites More sharing options...
Optimistic Nut Posted July 17, 2009 Share Posted July 17, 2009 If the situation is as John Gibson says it is, then how the f*** does Llambias get away with those blatant lies about 2 bids over £100m having been made? And also, why the f*** would you lie like that? What a dick. And as Skirge rightly pointed out, why's he not mentioned any of this in the paper? Link to post Share on other sites More sharing options...
Guest Phil K Posted July 17, 2009 Share Posted July 17, 2009 If the situation is as John Gibson says it is, then how the f*** does Llambias get away with those blatant lies about 2 bids over £100m having been made? And also, why the f*** would you lie like that? What a dick. And as Skirge rightly pointed out, why's he not mentioned any of this in the paper? LambsArse has proved himself a liar and an incompetent Surely you're not surprised at any of this ? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted July 17, 2009 Share Posted July 17, 2009 You aren't under oath when you speak to journalists like, they make enough stuff up themselves. Link to post Share on other sites More sharing options...
ianovthetoon Posted July 17, 2009 Share Posted July 17, 2009 If the situation is as John Gibson says it is, then how the fuck does Llambias get away with those blatant lies about 2 bids over £100m having been made? And also, why the fuck would you lie like that? What a dick. I guess he can say what he likes thanks to the non-disclosure agreements. It's not as though anyone can come out and say Derek's talking shite, although I'd imagine that's what could happen once any prospective buyers pull out Link to post Share on other sites More sharing options...
Slugsy Posted July 17, 2009 Share Posted July 17, 2009 As I have said before, I would be gobsmacked if anyone has offered near £100m - the club just isn't worth that and each day, the value deteriorates a little more. I haven't kept very close to the announcements but was there ever an official statement by Seymour Pierce that there had been more than 2 bids of £100m or was that just Lambias? Also, was there ever an clarification whether those bids were a enterprise value offer or equity offer because its quite possible we did have two bids of over £100m for the enterprise value which includes the £100m debt and thus while Lambias wasn't lying BUT the valuation of the company excluding that £100m debt and £x overdraft would be sweeties. Link to post Share on other sites More sharing options...
quayside Posted July 17, 2009 Share Posted July 17, 2009 As I have said before, I would be gobsmacked if anyone has offered near £100m - the club just isn't worth that and each day, the value deteriorates a little more. I haven't kept very close to the announcements but was there ever an official statement by Seymour Pierce that there had been more than 2 bids of £100m or was that just Lambias? Also, was there ever an clarification whether those bids were a enterprise value offer or equity offer because its quite possible we did have two bids of over £100m for the enterprise value which includes the £100m debt and thus while Lambias wasn't lying BUT the valuation of the company excluding that £100m debt and £x overdraft would be sweeties. No clarification has ever been published on what basis the bids (if any) were made. Agree with your post. A £100 million valuation for the equity and then being expected to take on all Ashley's debt and whatever overdraft will never come close to flying. But I've never been convinced that Ashley wasn't punting that particular deal as his required price and, in his stupidity, thought he might get some takers. Link to post Share on other sites More sharing options...
Parky Posted July 17, 2009 Share Posted July 17, 2009 As I have said before, I would be gobsmacked if anyone has offered near £100m - the club just isn't worth that and each day, the value deteriorates a little more. I haven't kept very close to the announcements but was there ever an official statement by Seymour Pierce that there had been more than 2 bids of £100m or was that just Lambias? Also, was there ever an clarification whether those bids were a enterprise value offer or equity offer because its quite possible we did have two bids of over £100m for the enterprise value which includes the £100m debt and thus while Lambias wasn't lying BUT the valuation of the company excluding that £100m debt and £x overdraft would be sweeties. No clarification has ever been published on what basis the bids (if any) were made. Agree with your post. A £100 million valuation for the equity and then being expected to take on all Ashley's debt and whatever overdraft will never come close to flying. But I've never been convinced that Ashley wasn't punting that particular deal as his required price and, in his stupidity, thought he might get some takers. The only serious bid is 60m from FS I'm pretty sure of that now. Link to post Share on other sites More sharing options...
BONTEMPI Posted July 17, 2009 Share Posted July 17, 2009 Doubt very much we will be sold before the seaon starts Link to post Share on other sites More sharing options...
sander68 Posted July 17, 2009 Share Posted July 17, 2009 http://www.shieldsgazette.com/nufc/United-takeover-latest-bidder39s-improved.5470355.jp United takeover latest: bidder's improved offer STEVE McMahon's Profitable Group have slapped in an improved offer for stricken Newcastle United. And the Singapore-based company is waiting for a response from Seymour Pierce, who are handing the sale of the club. The Gazette understands the bid – which came after several days of talks in London – is the second formal offer that the Profitable Group has made for United. However, it is unclear whether the terms of the offer match owner Mike Ashley's £100m asking price. Managing director Derek Llambias has previously played down the firm's interest, though sources in Singapore insist they are 100 per cent committed to buying Newcastle if the price is right. Former Liverpool midfielder McMahon, pictured, joined the Profitable Group's board last year as commercial director, and was seen at St James's Park a year ago. It was understood McMahon held talks with the club's hierarchy over commercial deals in the Far East. Link to post Share on other sites More sharing options...
Dave Posted July 17, 2009 Share Posted July 17, 2009 It'd be just like Llambias to continually dismiss Profitable then Ashley eventually end up accepting their offer. If it's just for publicity they're really going for it. And every single media source is playing along. Link to post Share on other sites More sharing options...
Parky Posted July 17, 2009 Share Posted July 17, 2009 It's gonna get to the point where KK will be able to buy the club. [/Wormscanopened] Link to post Share on other sites More sharing options...
Dave Posted July 17, 2009 Share Posted July 17, 2009 http://www.journallive.co.uk/nufc/newcastle-united-news/2009/07/17/embargo-put-on-all-nufc-transfers-61634-24173700/ Although hopes of a sale have begun to fade rapidly among United fans after weeks of delays and passing deadlines, United sources have also attempted to reassure The Journal the club will still be sold this summer. The same senior club official insisted last night that several groups remain interested in completing a £100m deal and claimed Seymour Pierce, the bank in charge of the sale process, remain confident a resolution to the increasingly damaging saga will come before the start of the Championship campaign on August 8. I don't know about anyone else, but I'm definitely feeling reassured. Link to post Share on other sites More sharing options...
Guest Wally_McFool Posted July 17, 2009 Share Posted July 17, 2009 Profitable Group waiting for an answer. (Ooo, I'm getting all excited! Yawns again....) http://www.chroniclelive.co.uk/nufc/newcastle-united-news/2009/07/17/profitable-waiting-to-see-if-takeover-is-a-success-72703-24176981/ Link to post Share on other sites More sharing options...
Dave Posted July 17, 2009 Share Posted July 17, 2009 They're getting silly now, just saying exactly what they think we want to hear. If they're serious though and really have a bid in, you have to wonder why they're quoting today as finding out whether or not they've been successful. Could be a solution on the horizon? Bah, fuck it. Link to post Share on other sites More sharing options...
James Posted July 17, 2009 Share Posted July 17, 2009 Not convinced Profitable are genuine. Putting their interest in the paper could just be a way of increasing their reputation abroad so they can sell valueless plots of land at over-inflated prices in the Far-East if that article someone posted a while back is true. Link to post Share on other sites More sharing options...
Dave Posted July 17, 2009 Share Posted July 17, 2009 Not convinced Profitable are genuine. Putting their interest in the paper could just be a way of increasing their reputation abroad so they can sell valueless plots of land at over-inflated prices in the Far-East if that article someone posted a while back is true. Nah, I agree with you; stinks of publicity stunt. But what they've done before doesn't mean that's what they've got planned in this case. They might be part of a bigger consortium, or in partnership with Shepherd - him acting as their figurehead - for all we know. Link to post Share on other sites More sharing options...
JH Posted July 17, 2009 Share Posted July 17, 2009 Thing is, a publicity stunt is a publicity stunt; it's just ridiculous now. I'm not saying they're genuine, they just seem to be trying a bit too much if they're only after publicity. Link to post Share on other sites More sharing options...
relámpago blanco Posted July 17, 2009 Share Posted July 17, 2009 Did anyone else here that rumour that Ashley is staying and said he made a mistake putting the club up for sale as he became disillusioned but now has decided he wants to stay? Link to post Share on other sites More sharing options...
Parky Posted July 17, 2009 Share Posted July 17, 2009 Did anyone else here that rumour that Ashley is staying and said he made a mistake putting the club up for sale as he became disillusioned but now has decided he wants to stay? Link to post Share on other sites More sharing options...
Dave Posted July 17, 2009 Share Posted July 17, 2009 Did anyone else here that rumour that Ashley is staying and said he made a mistake putting the club up for sale as he became disillusioned but now has decided he wants to stay? Wouldn't put it past the daft cunt. Link to post Share on other sites More sharing options...
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