Mole_Toonfan Posted October 22, 2017 Share Posted October 22, 2017 Can we take the Inter talk to the other games thread or the not worthy of a thread? Or you could ignore it like any other normal person? Link to post Share on other sites More sharing options...
Guest firetotheworks Posted October 22, 2017 Share Posted October 22, 2017 Am sure when Ashley was buying the club the papers mentions a massive war chest. Spent a canny wedge that first summer, didn't we? Ashley was scarred by the failure of that summer Nah we barely spent anything, and net it was almost identical. Edit: The season after. First transfer window was about £10m net. Link to post Share on other sites More sharing options...
Mole_Toonfan Posted October 22, 2017 Share Posted October 22, 2017 Exactly Link to post Share on other sites More sharing options...
TRon Posted October 22, 2017 Share Posted October 22, 2017 Am sure when Ashley was buying the club the papers mentions a massive war chest. One thing at a time as far as I'm concerned. I'll believe in the massive war chest when we start spending it. That said, I can't imagine anyone buying a club like Newcastle and not wanting to go for glory. If you wanted to skimp, why not just buy a smaller club? Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 22, 2017 Share Posted October 22, 2017 Wasn't it £20m a season that ashley wanted to put in. Link to post Share on other sites More sharing options...
pedro111 Posted October 22, 2017 Share Posted October 22, 2017 Need....... More........ Planes....... Greg? Link to post Share on other sites More sharing options...
Joe_F Posted October 22, 2017 Share Posted October 22, 2017 Wtf is the "data room stage" the Chronicle is talking about? I'm sure they are just making things up now. A Due Diligence Data Room is the place where the company places copies of the financial, legal and business documents that define the history and future of the company for prospective investors to review prior to submitting a formal offer. http://www.duediligencedataroom.com/What-is-a-Data-Room.html I've been involved in a few company takeover processes myself (was a member of the executive management team in a company put up for sale). My experience is that 80% of initial interested parties pulls out before entering the data room stage. Link to post Share on other sites More sharing options...
Greg Posted October 22, 2017 Share Posted October 22, 2017 Need....... More........ Planes....... Greg? Looks like a private Bombardier CL605 Challenger coming in from Paris. Link to post Share on other sites More sharing options...
Stifler Posted October 22, 2017 Share Posted October 22, 2017 Wtf is the "data room stage" the Chronicle is talking about? I'm sure they are just making things up now. A Due Diligence Data Room is the place where the company places copies of the financial, legal and business documents that define the history and future of the company for prospective investors to review prior to submitting a formal offer. http://www.duediligencedataroom.com/What-is-a-Data-Room.html I've been involved in a few company takeover processes myself (was a member of the executive management team in a company put up for sale). My experience is that 80% of initial interested parties pulls out before entering the data room stage. So in your view/experience, would getting to this stage indicate that both parties have or are close to an agreed buying/selling price? Link to post Share on other sites More sharing options...
pedro111 Posted October 22, 2017 Share Posted October 22, 2017 Need....... More........ Planes....... Greg? Looks like a private Bombardier CL605 Challenger coming in from Paris. Mint. Just what I wanted! Link to post Share on other sites More sharing options...
FinnMag Posted October 22, 2017 Share Posted October 22, 2017 Hopefully everything pans out nicely. Manchester City and Chelsea are best examples what big money can do for mid table teams. Link to post Share on other sites More sharing options...
Milburn Posted October 22, 2017 Share Posted October 22, 2017 Wtf is the "data room stage" the Chronicle is talking about? I'm sure they are just making things up now. A Due Diligence Data Room is the place where the company places copies of the financial, legal and business documents that define the history and future of the company for prospective investors to review prior to submitting a formal offer. http://www.duediligencedataroom.com/What-is-a-Data-Room.html I've been involved in a few company takeover processes myself (was a member of the executive management team in a company put up for sale). My experience is that 80% of initial interested parties pulls out before entering the data room stage. So in your view/experience, would getting to this stage indicate that both parties have or are close to an agreed buying/selling price? Normally not, but I have heard of processes where a price has been agreed before the data room stage and then being formalized when they have gone through all the documents. But I don't think that is the common way. Anyway, when entering the data room process it's pretty safe to assume that they will come up with a bid in the end unless they find unexpected surprises in the data room documents. The big, big question mark is how far off it will be from Ashley's valuation of course. In my case we had 10 interested parties. At first they were all on separate two days session where they met with the management and got an extensive company presentation and a tour of our facilities. Before being invited, our owners (a private equity company) assured through a 3rd party broker that interested parties had sufficient funds for a potential takeover (only 10 qualified although more than that marked their interest). After the two days sessions 8 of the 10 pulled out of the process of various reasons. The last two entered the data room process, and ended up having bids way below asking price rejected. When I quit the company was still up for sale. By the way, a data room normally contains thousands of documents with tens of thousands of pages. Interested parties normally hires third party accountants and lawyers to help them with this massive process. When done properly, this will take weeks. Link to post Share on other sites More sharing options...
triggs Posted October 22, 2017 Share Posted October 22, 2017 For a more realistic target, we should go for Giroud in January if we get taken over Link to post Share on other sites More sharing options...
Dave Posted October 22, 2017 Share Posted October 22, 2017 duediligencedataroom.com Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 22, 2017 Share Posted October 22, 2017 For a more realistic target, we should go for Giroud in January if we get taken over I'm sure I've read his missus won't move away from London. Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 22, 2017 Share Posted October 22, 2017 duediligencedataroom.com Looks like that hasn't been updated since 1998. Link to post Share on other sites More sharing options...
Dave Posted October 22, 2017 Share Posted October 22, 2017 In my case we had 10 interested parties. At first they were all on separate two days session where they met with the management and got an extensive company presentation and a tour of our facilities. Before being invited, our owners (a private equity company) assured through a 3rd party broker that interested parties had sufficient funds for a potential takeover (only 10 qualified although more than that marked their interest). After the two days sessions 8 of the 10 pulled out of the process of various reasons. The last two entered the data room process, and ended up having bids way below asking price rejected. When I quit the company was still up for sale. Same happened at my last company, I wasn't anything like senior enough to know the full details but we were basically told that the two parties (rival companies that were direct competitors) that had gone through our books and remained interested enough to make an offer had very different ideas. One was to offer way below the asking price, the other was to openly admit they just wanted our contracts and they'd essentially make everyone redundant. Both were rejected by our holding company and ultimately we were kept within the group. Link to post Share on other sites More sharing options...
Varadi Posted October 22, 2017 Share Posted October 22, 2017 Even the New Statesman having a say on this - not a bad read: https://www.newstatesman.com/politics/sport/2017/10/mike-ashley-why-newcastle-fans-will-be-better-without-devil-they-know Link to post Share on other sites More sharing options...
Dave Posted October 22, 2017 Share Posted October 22, 2017 Even the New Statesman having a say on this - not a bad read: https://www.newstatesman.com/politics/sport/2017/10/mike-ashley-why-newcastle-fans-will-be-better-without-devil-they-know Good stuff, that. Link to post Share on other sites More sharing options...
Hhtoon Posted October 22, 2017 Share Posted October 22, 2017 Ashleys data room.. Sent from my SM-G935F using Tapatalk Link to post Share on other sites More sharing options...
Kanj Posted October 22, 2017 Share Posted October 22, 2017 Wtf is the "data room stage" the Chronicle is talking about? I'm sure they are just making things up now. A Due Diligence Data Room is the place where the company places copies of the financial, legal and business documents that define the history and future of the company for prospective investors to review prior to submitting a formal offer. http://www.duediligencedataroom.com/What-is-a-Data-Room.html I've been involved in a few company takeover processes myself (was a member of the executive management team in a company put up for sale). My experience is that 80% of initial interested parties pulls out before entering the data room stage. Cheers for explaining So I think we can be safe to assume they are actually seriously interested then. 100% agree with Milburn. Data room will have everything. They’ll probably call the groups for offers in 3-4 weeks. Run a 2nd round if close and then award deal. I’m hopeful that purchase and sale contract markup will be part of this too to speed it up. In these big scale deals you don’t give NDAs or allow access unless it’s credible buyers who’ve already shown they are capable buyers and have the cash to get it done. Link to post Share on other sites More sharing options...
Dave Posted October 22, 2017 Share Posted October 22, 2017 Absolutely nothing to say they'll offer what Ashley wants though. Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 22, 2017 Share Posted October 22, 2017 Absolutely nothing to say they'll offer what Ashley wants though. This is what people are missing, they'll only have a figure they want to offer after due diligence and seeing what the club is currently earning etc. Link to post Share on other sites More sharing options...
Interpolic Posted October 22, 2017 Share Posted October 22, 2017 This cunt fucked this up yet? Link to post Share on other sites More sharing options...
STM Posted October 22, 2017 Share Posted October 22, 2017 If they have 500m available for transfers, I'm guessing an extra 100m to buy the club might not be difficult to find. Not that I believe the 500m thing. Link to post Share on other sites More sharing options...
Recommended Posts