Greg Posted March 23, 2019 Share Posted March 23, 2019 Link to post Share on other sites More sharing options...
Dr.Spaceman Posted March 23, 2019 Share Posted March 23, 2019 What does any of that mean? Link to post Share on other sites More sharing options...
Greg Posted March 23, 2019 Share Posted March 23, 2019 What does any of that mean? https://news.sky.com/story/gallaghers-pretty-green-to-become-latest-fashion-victim-11672738 Link to post Share on other sites More sharing options...
TK-421 Posted March 23, 2019 Share Posted March 23, 2019 https://www.chroniclelive.co.uk/sport/football/football-news/newcastle-set-up-internal-due-16016623 "Newcastle United will make any interested parties undergo their own version of internal due diligence before they allow them access to the club’s books or to present proposals for a takeover." But, but, I thought Mike said it was no longer for sale??!! Link to post Share on other sites More sharing options...
relámpago blanco Posted March 23, 2019 Share Posted March 23, 2019 Chelsea are valued at £2.5 billion ? We’re a bargain at £300M. In fairness Chelsea have a fuckload of the promising youth worldwide on their books and the players alone will probably be worth not far of that at some point. Chelsea will sell them for nowt though then they'll end up at a rival after a couple of years whilst they go out and sign proven players for ridiculous fees. Link to post Share on other sites More sharing options...
NG32 Posted March 25, 2019 Share Posted March 25, 2019 https://www.chroniclelive.co.uk/sport/football/football-news/newcastle-set-up-internal-due-16016623 "Newcastle United will make any interested parties undergo their own version of internal due diligence before they allow them access to the club’s books or to present proposals for a takeover." But, but, I thought Mike said it was no longer for sale??!! I get the feeling Ashley is willing to sell but isn't actively pushing the club on the market. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted March 25, 2019 Share Posted March 25, 2019 I get the feeling Ashley is willing to sell but would need to take the absolute piss out of any buyer before he'd agree. As if Mike Ashley cares about what a buyer does with our facilities after he's gone FFS, the idea is ludicrous. Link to post Share on other sites More sharing options...
Happinesstan Posted March 25, 2019 Share Posted March 25, 2019 I get the feeling Ashley is willing to sell but would need to take the absolute piss out of any buyer before he'd agree. As if Mike Ashley cares about what a buyer does with our facilities after he's gone FFS, the idea is ludicrous. He'll probably care more when he sells up, since he'll have his hamfist in every commercial pie going at the club. Link to post Share on other sites More sharing options...
Kanj Posted March 25, 2019 Share Posted March 25, 2019 Wish Ashley bought His beloved Chelsea before Roman did man. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted March 25, 2019 Share Posted March 25, 2019 I get the feeling Ashley is willing to sell but would need to take the absolute piss out of any buyer before he'd agree. As if Mike Ashley cares about what a buyer does with our facilities after he's gone FFS, the idea is ludicrous. He'll probably care more when he sells up, since he'll have his hamfist in every commercial pie going at the club. Yeah, he'll care that he keeps the retail revenue or something, but he won't care about training ground investment. Link to post Share on other sites More sharing options...
Boo Boy Posted March 25, 2019 Share Posted March 25, 2019 Chelsea are valued at £2.5 billion ? We’re a bargain at £300M. we aren't like .all the merchandise is tied to SD for on 10 year rolling deals. All the rest of the deals are hived off to companies on long contracts like catering etc. we need £100m spending on the training ground and ground. asking price is always £50m more than what it is worth under Mike. Can you post details of those deals? Also why does the ground need so much spending on it? I mean Stamford bridge is a shit tip. the ground needs expanding at the gallowgate end. unless you are advocating moving to a new one? Link to post Share on other sites More sharing options...
robm Posted March 27, 2019 Share Posted March 27, 2019 https://www.telegraph.co.uk/business/2019/03/27/curtain-pulled-back-mike-ashleys-retail-wizardry/ The curtain is being pulled back on Mike Ashley's retail wizardry Ben Marlow Executive Business Editor 27 March 2019 • 12:37pm For a man who has spent a lifetime rummaging around the bargain bin, Mike Ashley’s pursuit of Debenhams risks turning into an eye-watering extravagance. That’s if it is even serious, of course. Having tried every other trick in the book to prevent lenders taking control of the besieged chain, the burly tycoon has now said he is prepared to table a full takeover bid. There’s just one problem: it would cost him a king’s ransom. And if there is one thing we do know about the mercurial billionaire, it’s that he rarely - if ever - pays full price for something, let alone over the odds. A quick back-of-a-fag-packet calculation suggests it would cost Ashley close to £1bn to take control of Debenhams. That’s more than 30 times what the stockmarket currently thinks it's worth. Ashley has already blown around £150m building a near-30pc stake in the chain. At the proposed 5p-a-share takeover price, he would need to find another £60m to buy out shareholders. Sports Direct would also become liable for Debenhams’ debt pile, which stands at a towering £560m, and have to plug an immediate cash shortfall of about £150m. Ashley is in la-la land if he’s seriously considering such an outlay for a failing department store chain. After all, this is a retailer that has been racking up the profit warnings and is expected to fall into the red this year. Debenhams store Sure, we’ve heard many times about his grand plan to merge Debenhams with House of Fraser to create the “Harrods of the high street”, but that never sounded even remotely credible. Indeed, according to several recent reports, House of Fraser stores are already in danger of becoming a dumping ground for excess Sports Direct tat. If this is Ashley’s plan for world domination, then it is probably going to need a serious rethink. There are only so many Lonsdale tracksuits and Dunlop umbrellas that UK consumers want. Really this is all a massive distraction from the real issue: that Ashley is perilously close to being wiped out when Debenhams finalises a debt-for-equity refinancing with existing lenders. When that happens in the coming weeks, he will be able to tell Sports Direct shareholders that he made every attempt to recoup those losses. But what they shouldn’t forget is that ultimately the tycoon took a big gamble and failed spectacularly. And it’s not a punt that can be waved away as an isolated incident. Just hours after firing off its latest Debenhams missive, Ashley's offer for catalogue retailer Findel, where he is also sitting on some sizeable losses, was rejected. Meanwhile, shares were suspended in Goals Soccer Centres, where he is the largest shareholder, over an unpaid VAT bill. This may be the week that the curtain was pulled back on the tracksuit tycoon's reputation for unmatched retail prowess. Link to post Share on other sites More sharing options...
Guest reefatoon Posted March 27, 2019 Share Posted March 27, 2019 And he will take it all out on his punching bag that is NUFC. Expect more misery to come through from the massive stroppy cunt. Link to post Share on other sites More sharing options...
TBG Posted March 27, 2019 Share Posted March 27, 2019 Hope it doesn't effect the Joelinton deal. Link to post Share on other sites More sharing options...
Sean Posted March 27, 2019 Share Posted March 27, 2019 And he will take it all out on his punching bag that is NUFC. Expect more misery to come through from the massive stroppy cunt. Was my first thought also. "Ashley is perilously close to being wiped out" - he will wipe our club out if that happens. Link to post Share on other sites More sharing options...
Kanj Posted March 27, 2019 Share Posted March 27, 2019 i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa Link to post Share on other sites More sharing options...
Disco Posted March 27, 2019 Share Posted March 27, 2019 i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa Debenhams is a mid price department store, HoF used to be a level above before Lardlad got hold of it. Link to post Share on other sites More sharing options...
Stifler Posted March 27, 2019 Share Posted March 27, 2019 i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa Debenhams is Sears. Link to post Share on other sites More sharing options...
Minhosa Posted March 27, 2019 Share Posted March 27, 2019 i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa HOF would be a lesser Niemann Marcus. Debenhams a slightly better sears. Link to post Share on other sites More sharing options...
Kanj Posted March 27, 2019 Share Posted March 27, 2019 Debenhams sounds doomed from the start. HOF seems like it could withstand some time? Link to post Share on other sites More sharing options...
Minhosa Posted March 27, 2019 Share Posted March 27, 2019 Debenhams sounds doomed from the start. HOF seems like it could withstand some time? Problem HOF has is the equivalent of the likes of Moncler, Canada Goose etc pulling out of Niemanns for financial reasons. HOF is perilously close to having lost all credibility. HOF has taken to replacing suppliers with credible brands with Donnay socks and Lonsdale trackies now as that’s the only party in Mike Town. Link to post Share on other sites More sharing options...
Kanj Posted March 27, 2019 Share Posted March 27, 2019 thanks Minhosa, actually helpful in trying to understand the context of MA's retail dealings Link to post Share on other sites More sharing options...
manorpark Posted March 28, 2019 Share Posted March 28, 2019 i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa House of Fraser and Debenhams are both "traditional UK Department Stores". In a Department Store you can usually find anything you want to buy, in their original concept they are 'retail worlds in themselves'. In the UK the remaining (more successful) main Department Store Groups are 'John Lewis', 'Fenwick', 'Selfridges', and 'Harvey Nichols'. House of Fraser Department Stores and Debenhams Department Stores have also been very successful, until the last five years or so. It will be sad if we lose either (or both) of these traditional "Department Store" groups. Link to post Share on other sites More sharing options...
Sima Posted March 28, 2019 Share Posted March 28, 2019 Does Next class as a department store these days? I mean they have a Home range but albeit little gifting and electronic options. Link to post Share on other sites More sharing options...
Away Day Gadgie Posted March 28, 2019 Share Posted March 28, 2019 thanks Minhosa, actually helpful in trying to understand the context of MA's retail dealings He basically wants to buy everything and anything that’s going cheap. Link to post Share on other sites More sharing options...
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