| Owners had enough? on 13:56 - Jul 9 with 2102 views | portmanking |
I guess we're all waiting on Phil... |  | |  |
| Owners had enough? on 13:58 - Jul 9 with 2061 views | itfc48 |
| Owners had enough? on 13:23 - Jul 9 by portmanking |
No, at the valuation it'd be the full 50% controlling stake that the Three Lions/ORG have. |
It's possible they could be selling their 5% at a £350m valuation. In a private company shareholders can set their own valuation for their shares providing the shareholder agreement doesn't say otherwise.
I guess he could be acting as the broker - not sure who brokered the Bright Path deal but the Three Lions increased their shareholding at the same time so maybe that was their fee. [Post edited 9 Jul 14:04]
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| Owners had enough? on 14:01 - Jul 9 with 2016 views | ArnoldMoorhen |
| Owners had enough? on 13:14 - Jul 9 by portmanking |
Ay karamba... it looks like there's definitely something to this.
EDIT: £100m+ in player sales?? £70m remaining in sales this summer then?! Omari and.... Leif?!
Looks like it's Three Lions/ORG looking to sell up. [Post edited 9 Jul 13:23]
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ORG doesn't own a majority stake any more, and, if this document is true, it is a pitch deck for a majority owner to make an investment, and take over the Club.
Which means either Bright Path and ORG are diluting (and possibly minor shareholders, too) or Bright Path want out, and are hoping to take a very quick profit.
There's no route to the 51-60ish% stake being pitched without going through some or all of Bright Path's shares. | | | |
| Owners had enough? on 14:02 - Jul 9 with 1999 views | portmanking |
| Owners had enough? on 14:01 - Jul 9 by ArnoldMoorhen |
ORG doesn't own a majority stake any more, and, if this document is true, it is a pitch deck for a majority owner to make an investment, and take over the Club.
Which means either Bright Path and ORG are diluting (and possibly minor shareholders, too) or Bright Path want out, and are hoping to take a very quick profit.
There's no route to the 51-60ish% stake being pitched without going through some or all of Bright Path's shares. |
I'm sure ORG still own 50% of the club? | | | |
| Owners had enough? on 14:02 - Jul 9 with 1987 views | Cheltenham_Blue |
| Owners had enough? on 13:14 - Jul 9 by portmanking |
Ay karamba... it looks like there's definitely something to this.
EDIT: £100m+ in player sales?? £70m remaining in sales this summer then?! Omari and.... Leif?!
Looks like it's Three Lions/ORG looking to sell up. [Post edited 9 Jul 13:23]
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OP called Tom, this WhatsApp post by someone called Tom?
What a coincidence! |  |
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| Owners had enough? on 14:05 - Jul 9 with 1941 views | Cheltenham_Blue |
| Owners had enough? on 14:02 - Jul 9 by portmanking |
I'm sure ORG still own 50% of the club? |
They do, with BrightPath owning 40% | |
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| Owners had enough? on 14:11 - Jul 9 with 1875 views | nrb1985 |
| Owners had enough? on 13:48 - Jul 9 by Stu_Magoo |
As someone who's worked in wealth management for 20-odd years, a lot of the lingo in the "email" is correct. That said, even a bored kid could knock something similar up with the right ChatGPT prompt.
Interesting that after all the yap about committing to the area, building the town etc etc, Three Lions are basically running like a hedge fund, such is the 2% amc with a standard 20% kickback over a certain high-water mark.
I mean when was the last time Brett streamed himself getting excited about ITFC. That all fizzled out. |
As someone who works in the same industry, the reference to a "2/20 structure" is what raised a red flag for me — it sounds like something pulled from ChatGPT using technical language without fully understanding the context.
The 2/20 model refers to the fee structure charged by a private equity fund to its investors — 2% annual management fee and 20% performance fee. But if you're buying shares directly from the PE firm, you're not investing through their fund or an SPV — you're taking direct equity ownership.
Not saying it’s definitely not real, but that part doesn’t add up. | | | |
| Owners had enough? on 14:12 - Jul 9 with 1851 views | ArnoldMoorhen |
| Owners had enough? on 14:02 - Jul 9 by portmanking |
I'm sure ORG still own 50% of the club? |
Bright Path bought 40+%, originally.
But then there was further investment from a new consortium partner, under their banner, and which also involved Ed Sheeran being made a shareholder.
I had taken that to mean that the Bright Path share would increase, and overtake ORG, although this article states that that hasn't happened and ORG remain majority shareholders.
https://www.sportspro.com/news/ipswich-town-investment-avenue-sports-fund-marc-l | | | |
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| Owners had enough? on 14:13 - Jul 9 with 1841 views | Weekender |
For those that understand these things, could this relate to the lack of incoming transfers? |  |
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| Owners had enough? on 14:15 - Jul 9 with 1791 views | Samuelowen88 |
Have it on good authority, they want out of Town.
Looking to invest in Burnley instead. |  |
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| Owners had enough? on 14:21 - Jul 9 with 1678 views | Cheltenham_Blue |
| Owners had enough? on 14:15 - Jul 9 by Samuelowen88 |
Have it on good authority, they want out of Town.
Looking to invest in Burnley instead. |
Taking Omari with them | |
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| Owners had enough? on 14:24 - Jul 9 with 1649 views | portmanking |
| Owners had enough? on 14:12 - Jul 9 by ArnoldMoorhen |
Bright Path bought 40+%, originally.
But then there was further investment from a new consortium partner, under their banner, and which also involved Ed Sheeran being made a shareholder.
I had taken that to mean that the Bright Path share would increase, and overtake ORG, although this article states that that hasn't happened and ORG remain majority shareholders.
https://www.sportspro.com/news/ipswich-town-investment-avenue-sports-fund-marc-l |
As far as I'm aware, the make-up is as follows:
ORG: 50%
Bright Path Sports: 43.6%
Three Lions: 5%
Ed Sheeran: 1.4% | | | |
| Owners had enough? on 14:31 - Jul 9 with 1533 views | OldFart71 |
It has been interesting to note that whilst there was a big celebration surrounding promotion to the Premier League there has been little surrounding relegation from Gamechanger and whilst it's necessary to not receive knee jerk reactions I do wonder if the statements put out by MA about how hard it is to sustain Premier status that this hasn't been logged by Gamechanger and co and that there a feeling that there are so many things stacked against a club from the Championship that they are exploring a way out.
Of course there may be little or nothing in it.
But should it be the case that Championship clubs cannot now ever be able to compete in the upper echelons of English football then it's a very sad and dangerous situation for the sport of football. | | | |
| Owners had enough? on 14:33 - Jul 9 with 1502 views | portmanking |
| Owners had enough? on 14:31 - Jul 9 by OldFart71 |
It has been interesting to note that whilst there was a big celebration surrounding promotion to the Premier League there has been little surrounding relegation from Gamechanger and whilst it's necessary to not receive knee jerk reactions I do wonder if the statements put out by MA about how hard it is to sustain Premier status that this hasn't been logged by Gamechanger and co and that there a feeling that there are so many things stacked against a club from the Championship that they are exploring a way out.
Of course there may be little or nothing in it.
But should it be the case that Championship clubs cannot now ever be able to compete in the upper echelons of English football then it's a very sad and dangerous situation for the sport of football. |
I would imagine it's closer to what Joe said earlier in the thread.
ORG/Arizona Pension Fund doesn't have the wherewithal to proceed with the next big-ticket infrastructure projects like a new Cobbold Stand. They've taken the low-hanging fruit i.e. stadium improvements and new training ground to improve asset value. | | | |
| Owners had enough? on 14:38 - Jul 9 with 1428 views | tractorboy1978 |
| Owners had enough? on 14:33 - Jul 9 by portmanking |
I would imagine it's closer to what Joe said earlier in the thread.
ORG/Arizona Pension Fund doesn't have the wherewithal to proceed with the next big-ticket infrastructure projects like a new Cobbold Stand. They've taken the low-hanging fruit i.e. stadium improvements and new training ground to improve asset value. |
Yeah, agreed. Assuming this is genuine then it is a bit 'nothing to see here' really. It is just obtaining new funding in the same manner they did previously. I also wouldn't read into 'up to £100m in player sale proceeds'. I'm sure we are happy we could generate that money if we wanted to but it doesn't mean we will. | | | |
| Owners had enough? on 14:38 - Jul 9 with 1419 views | WestStanderLaLaLa |
| Owners had enough? on 13:14 - Jul 9 by portmanking |
Ay karamba... it looks like there's definitely something to this.
EDIT: £100m+ in player sales?? £70m remaining in sales this summer then?! Omari and.... Leif?!
Looks like it's Three Lions/ORG looking to sell up. [Post edited 9 Jul 13:23]
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Cruncher has been emailed it
I like the transfermarkt reference. The gold standard for working out squad worth. [Post edited 9 Jul 14:39]
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| Owners had enough? on 14:39 - Jul 9 with 1411 views | Nthsuffolkblue |
| Owners had enough? on 14:15 - Jul 9 by Samuelowen88 |
Have it on good authority, they want out of Town.
Looking to invest in Burnley instead. |
There's a real rebranding potential there with a minor typographical error.
However, I am not sure that George Burley is such a marketable name outside of ITFC. |  |
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| Owners had enough? on 14:40 - Jul 9 with 1386 views | Nthsuffolkblue |
| Owners had enough? on 13:07 - Jul 9 by gringoblue |
But what if Rihanna is installed as Tranmere's Manager? |
She's no Cherie Lunghi. | |
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| Owners had enough? on 14:41 - Jul 9 with 1377 views | nrb1985 |
| Owners had enough? on 14:33 - Jul 9 by portmanking |
I would imagine it's closer to what Joe said earlier in the thread.
ORG/Arizona Pension Fund doesn't have the wherewithal to proceed with the next big-ticket infrastructure projects like a new Cobbold Stand. They've taken the low-hanging fruit i.e. stadium improvements and new training ground to improve asset value. |
I said that but whatevs ;)
I don't think lack of funds is an issue - they have have new capital coming in all the time that needs to find a home.
I strongly suspect it's because they had a 5-10x MOIC/target return and having realised 7x already, what's the point in hanging around. Don't forget, above all they have a fiduciary duty to their investors so even if they want to continue on they're risk reward is now skewed to the downside. So a full or partial exit here makes sense - if indeed it's true. [Post edited 9 Jul 14:42]
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| Owners had enough? on 14:42 - Jul 9 with 1339 views | positivity |
| Owners had enough? on 13:14 - Jul 9 by portmanking |
Ay karamba... it looks like there's definitely something to this.
EDIT: £100m+ in player sales?? £70m remaining in sales this summer then?! Omari and.... Leif?!
Looks like it's Three Lions/ORG looking to sell up. [Post edited 9 Jul 13:23]
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remember what "up to" 100m means; could be 1m, could be 30m, could be 100m, all are correct and covered by the phrase.
it basically means nothing | |
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| Owners had enough? on 14:47 - Jul 9 with 1260 views | tonybied |
| Owners had enough? on 14:41 - Jul 9 by nrb1985 |
I said that but whatevs ;)
I don't think lack of funds is an issue - they have have new capital coming in all the time that needs to find a home.
I strongly suspect it's because they had a 5-10x MOIC/target return and having realised 7x already, what's the point in hanging around. Don't forget, above all they have a fiduciary duty to their investors so even if they want to continue on they're risk reward is now skewed to the downside. So a full or partial exit here makes sense - if indeed it's true. [Post edited 9 Jul 14:42]
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I might be in for a rinsing here as this stuff is beyond my knowledge, but if they wanted to run for the hills with their profit sitting in the best place, then surely that would've been at the beginning of last season? Not after we've been relegated back to the Championship. |  | | |
| Owners had enough? on 14:47 - Jul 9 with 1252 views | TractorJack |
| Owners had enough? on 14:38 - Jul 9 by WestStanderLaLaLa |
Cruncher has been emailed it
I like the transfermarkt reference. The gold standard for working out squad worth. [Post edited 9 Jul 14:39]
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Surely that's just from buying higher value players last summer, not increasing the value of existing players? Top marketing spin. |  | | |
| Owners had enough? on 14:49 - Jul 9 with 1218 views | nrb1985 |
| Owners had enough? on 14:47 - Jul 9 by tonybied |
I might be in for a rinsing here as this stuff is beyond my knowledge, but if they wanted to run for the hills with their profit sitting in the best place, then surely that would've been at the beginning of last season? Not after we've been relegated back to the Championship. |
No because if we'd stayed in the PL that valuation probably looks closer to £500m. | | | |
| Owners had enough? on 14:53 - Jul 9 with 1152 views | Matt_Netherlands |
Not sure if he means he has a copy of a genuine email or he just has a copy that someone has sent him….
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| Owners had enough? on 14:59 - Jul 9 with 1062 views | Nthsuffolkblue |
| Owners had enough? on 14:42 - Jul 9 by positivity |
remember what "up to" 100m means; could be 1m, could be 30m, could be 100m, all are correct and covered by the phrase.
it basically means nothing |
It actually states up to £100M+ so it could be any number from £0 to infinity! Of course both of those extremes are now impossible. | |
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