PIF and RB Sports & Media - Darren Eales to step down from CEO after being diagnosed with blood cancer.

[r0cafella]

1 minute ago, SUPERTOON said:

Timing still seems a little strange to me. 

If we are to expand the stadium and training ground this will require significant capital investment which will have to be done by either taking on loans or from our owners. Doubt it via loans would be crippling as interest rates are high, doing it via our owners requires them to actually put up money; AS simply doesn’t have the finances to do it. 
 

They should have the feasibility study at this juncture and have a full executive team in place. It’s a very logically time for her to take her profit and move to being a fan. 

[Zero]

Her job is to help Al-Rumayyan to complete the take over and stabilise the club. She has done her job, so the correct time to move on to other projects. She is not a real owner like Hall / Ashley etc. That’s pretty clear from day one imo.

 

I genuinely believe no one in the club would be affected, and that’s also why now is the time to quit.

[Zero]

8 minutes ago, r0cafella said:

If we are to expand the stadium and training ground this will require significant capital investment which will have to be done by either taking on loans or from our owners. Doubt it via loans would be crippling as interest rates are high, doing it via our owners requires them to actually put up money; AS simply doesn’t have the finances to do it. 
 

They should have the feasibility study at this juncture and have a full executive team in place. It’s a very logically time for her to take her profit and move to being a fan. 

It’s not her responsibility to invest for the new training ground / stadium as well.

[Keegans Export]

8 minutes ago, Zero said:

It’s not her responsibility to invest for the new training ground / stadium as well.

 

As an owner/shareholder it potentially is.

 

As @r0cafella says they can do this by having the company (the club) taking out loans but this doesn't make sense from a PSR perspective. The main way the owners seem to be putting cash into the club is via creation and buying of shares, the more shares the Reubens/PIF create and buy, her remaining shares become diluted. If she can't match their financial input it's perfectly reasonable for her to sell her remaining shares and move on.

[Zero]

1 minute ago, Keegans Export said:

 

As an owner/shareholder it potentially is.

 

As @r0cafella says they can do this by having the company (the club) taking out loans but this doesn't make sense from a PSR perspective. The main way the owners seem to be putting cash into the club is via creation and buying of shares, the more shares the Reubens/PIF create and buy, her remaining shares become diluted. If she can't match their financial input it's perfectly reasonable for her to sell her remaining shares and move on.

She is never a real owner/shareholder. Anyway I agree with the rest.

[r0cafella]

1 minute ago, Zero said:

She is never a real owner/shareholder. Anyway I agree with the rest.

I know what you’re trying to say here but it isn’t coming across particularly well imo. She’s a minority shareholder. 

[et tu brute]

1 minute ago, Zero said:

She is never a real owner/shareholder. Anyway I agree with the rest.

She is in the business sense though and that's why she is selling up. She hasn't got the funds to match major investment 

[The College Dropout]

I remember reading they led on contract extensions for a few players in the last 6 months. If the plan was for them to leave in the summer - they shouldn't have been involved imo.

[Nucasol]

Just now, The College Dropout said:

I remember reading they led on contract extensions for a few players in the last 6 months. If the plan was for them to leave in the summer - they shouldn't have been involved imo.

Wasn’t the feasibility study concluded in April? Could be that they have a preferred option that will require significant capital. Potentially forced their hands at this point, hence an expedited sale.

 

Wishful thinking maybe, but there is an inevitability that them and the Reubens may have to find £25m - £50m quickly. The latter obviously could do it but Mandy and Mehrdad can’t and maybe don’t want to lumber themselves beyond reasonable means on the interest payments.

[Groundhog63]

1 hour ago, El Prontonise said:

 

They are all correct and also wrong. 

 

Our valuation is what someone is prepared to pay, so it's subjective.

 

 

 

 

Try telling that to Maxi's fan boys 😉

[Newcastle Fan]

It seems like the right time and the right conditions for her to leave, if PIF buy her stakes it will show they are even more serious in making this work, she's done an amazing job getting the takeover done and has helped the club start to run very well every since, but ultimately it seems that she and her husband were too involved in the club even for someone who owned so little shares, its time to let people with more experience at that level take the decisions.

 

 

[mighty__mag]

I mean she mentioned a five year plan, one might assume she was sticking around for that, however, we're obviously turning a new chapter in our journey, they have both decided the time is now, seemingly we're now appointing more football related people?

 

The owners could also have considered a number of other things, the collapse of Ashworth, PSR issues, Tonali, etc, and now want to have experienced football related people here.

[rutland]

1 hour ago, Zero said:

Her job is to help Al-Rumayyan to complete the take over and stabilise the club. She has done her job, so the correct time to move on to other projects. She is not a real owner like Hall / Ashley etc. That’s pretty clear from day one imo.

 

I genuinely believe no one in the club would be affected, and that’s also why now is the time to quit.

 

A few weeks ago she was saying all was well and was staying I thought.

[The College Dropout]

Yeh the way this has come around doesn't sit right with me. At least not in terms of this being a culmination of medium/long-term planning.

 

It might be for the very best.

[KetsbaiaIsBald]

This could be a real positive if it allows more investment for the training ground and ground.  It could be there was friction as they wanted to finance the investments internally in the company rather than injecting money.  Injecting money for us would be better as would avoid the Everton issues on increasing interest payments.

 

The only thing that worries me is the way this has come out and 24 hours later there is no official response.  Given everyone has written this as fact an official statement confirming it would make sense.    

 

 

[huss9]

[500bhp]

Someone had to pay for the PSR fuck up last week. Hope it's wasn't Wor Mandy.

 

The club not knowing on the morning of the 29th whether or not it could make the necessary sales is very bad management, putting it mildly. I'm sure that didn't go down well in SA. 

[r0cafella]

1 minute ago, 500bhp said:

Someone had to pay for the PSR fuck up last week. Hope it's wasn't Wor Mandy.

 

The club not knowing on the morning of the 29th whether or not it could make the necessary sales is very bad management, putting it mildly. I'm sure that didn't go down well in SA. 

What psr fuck up is that?

[500bhp]

Just now, r0cafella said:

What psr fuck up is that?

The Athletic article by Chirs Waugh, I think. 10 points deduction if we didn't raise the funds, 48 hours to do it, serious concerns we might not do it. That type of thing. It was covered in the other thread. 

[r0cafella]

Just now, 500bhp said:

The Athletic article by Chirs Waugh, I think. 10 points deduction if we didn't raise the funds, 48 hours to do it, serious concerns we might not do it. That type of thing. It was covered in the other thread. 

We did raise the funds by selling two players who are quite trivial to us at this stage. 
 

Also, the counter point is who wouldn’t you have bought to cover the shortfall? You can’t have it both ways. 

[KetsbaiaIsBald]

10 minutes ago, 500bhp said:

Someone had to pay for the PSR fuck up last week. Hope it's wasn't Wor Mandy.

 

The club not knowing on the morning of the 29th whether or not it could make the necessary sales is very bad management, putting it mildly. I'm sure that didn't go down well in SA. 

I don't see how it could be this.  Even if there was a fall out from that they could not force them to sell up over it.

[rutland]

18 hours ago, loki679 said:

The timing could be a sign we're about to make some large investments

 

err  doubt it. But booked marked anyway.

[80]

14 minutes ago, 500bhp said:

Someone had to pay for the PSR fuck up last week. Hope it's wasn't Wor Mandy.

 

The club not knowing on the morning of the 29th whether or not it could make the necessary sales is very bad management, putting it mildly. I'm sure that didn't go down well in SA. 

You could be right, but I don't think it's right to assume the PSR situation was seen as a disgrace internally.

 

I think it was a product of taking calculated risks, which nearly/sort of didn't come off, but if all the stakeholders were aware of those risks and signed off on them going into it, then there wouldn't be any need for recriminations, if they're being mature. Speculate to accumulate will pick you up some bruises along the way.

[500bhp]

10 minutes ago, r0cafella said:

We did raise the funds by selling two players who are quite trivial to us at this stage. 
 

Also, the counter point is who wouldn’t you have bought to cover the shortfall? You can’t have it both ways. 

The club will have known from September 2023 onwards there was a PSR deficit. The actual amount will have been clearer from December 2023 once we were out of Europe. And again in February 2024 after the winter transfer window closed. Raising the required funds on the day or the deadline is very risky. Maybe beyond the risk appetite of PIF, who knows.

 

It's old news now and I hope this is not linked to Amanda leaving. I'm sure it's not. 

[The College Dropout]

I assume it's a bit of everything.

 

Amanda needs the money.

Amanda was always going to transition out.

The club needs the investment for infrastructure.

We didn't achieve our playing goals this season for the men's team (I don't think we budgeted for being out of Europe in 2024 AND not qualifying for Europe in 24/25).

PSR & transfers situation.

 

"Thanks Amanda for getting us here."