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Mike Ashley (former owner)


Disco

?  

464 members have voted

  1. 1. ?

    • Takeover
      21
    • Fakeover
      11


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Step 1. Takeover happens.

 

Step 2. Celebrate.

 

Step 3. Mass sacking of Bruce, Charnley et al.

 

Step 4. Dream/speculate and let all the rumors get out of hand.

 

Step 5. Have fun supporting NUFC again.

 

Step 3

 

 

:dance:

 

Step 3 really hit the sweet spot for me as well. :lol:

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Reality is this offer and his valuation is far beyond a market valuation for NUFC. Factor in the lack of football structure, small staff, a stadium long overdue for renovation and upkeep, a dated academy, a dated first team training ground, and a below par football squad. But mike is mike.

 

This applies to several clubs who are currently building new training grounds or planning to do so as a result, including Leicester and Liverpool. The general point still stands though.

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If Ashley sold the stadium then the Freeman can easily pull the lease.

 

Only if that's a stipulation of the lease, which it may or may not be. For the 2000 redevelopment the club raised around £60m secured on the assets of the club, including the stadium- so there clearly isn't a covenant preventing pledging it as security.

 

Anyway, this is probably beside the point. If Ashley can't see this is a good time to get out and he's getting most of what he asked for, then he's absolutely batshit to turn it down.So he probably will.

 

I had to review the lease back in 2009, and the lease does say that it has to be used for sporting purposes, but from memory there is no automatic right to terminate it if isn't. There was a small revenue share with the council as well by way of "rent", although all of that of may have changed since then.

 

Pretty sure it will be registered at the Land Registry so easy enough to find out.

 

Agree with your point though, there isn't really a better time to get out now - particularly if the current crisis in the long term reduces the amount that broadcasters are willing to pay for coverage. A £340m price will price in significant future revenue from broadcasters.

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lost like 70% of their share price.  Tbh Saga still had a %75-%80 capacity for their bookings but they cancelled it anyway.  When this is over people will be back on them.

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lost like 70% of their share price.  Tbh Saga still had a %75-%80 capacity for their bookings but they cancelled it anyway.  When this is over people will be back on them.

 

Same with airlines, just wait for the survivors to emerge from the ashes and they will have so much demand they won't know how to deal with it.  Won't even be luxury travel, just a horde of people living in different countries and states/regions to their hometown who just want to visit their family again.

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