| Owners had enough? on 15:56 - Jul 9 with 1123 views | WestStanderLaLaLa |
| Owners had enough? on 15:39 - Jul 9 by Chris_ITFC |
‘Cruncher’ hasn’t been emailed it.
He’s just copied the same screenshot, in order to fuel his standard (flawed) sense of importance. |
I know, he’s funny |  |
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| Owners had enough? on 15:57 - Jul 9 with 1114 views | _clive_baker_ |
| Owners had enough? on 15:49 - Jul 9 by MattinLondon |
Now, I fully admit that I’m not the sharpest tool in general - especially when it comes to finances.
But a billion dollar valuation within the next five years - or aiming to be at least.
That showcases significant ambition at least - more so than Brighton who are an established PL team and valued at $800m. Or am I missing the point? |
Its not positioned as an objective of the current owners, its just a 'hook' to any prospective new investor(s) that the opportunity might exist to achieve that in the future to demonstrate what the 'might' expect by way of a return, if things go well.
Of course it begs the question why the existing owners wouldn't go on that journey themselves. Maybe they don't think their pockets are deep enough, or maybe they think they've already added a lot of value and think now is the time to realise their liquidity event and big pay day.
Of course there's no guarantee of it ever materialising, its way more unlikely than likely IMO by 2031. There's not any real precedent of any club achieving that from our starting point where we are today. Even the likes of Arsenal or Spurs are probably only worth £2bn - £3bn and their revenues absolutely dwarf ours. |  | | |
| Owners had enough? on 16:02 - Jul 9 with 1043 views | _clive_baker_ |
| Owners had enough? on 15:53 - Jul 9 by tractorboy1978 |
Isn't going to happen overnight either is it? Finding new investors, due diligence etc will be a process that will take weeks/months just as it did with Bright Path previously. Certainly won't be movement on this before the transfer window closes. I see all this as very exciting personally. You can perhaps see why McKenna is so invested here and believes he build the club into a established PL one. |
Yeah, will likely take a long time if at all.
Its just a line to highlight there's a sizeable bunch of assets that could be traded, more to underpin / justify the valuation as much as anything else I imagine. New owners will be looking at future growth potential, leadership team, net book value, financial health from a trading perspective.
Certainly doesn't mean we'll sell this summer, just curious as to why that number was landed on. Often there's a staggering lack of science behind these things. | | | |
| Owners had enough? on 16:03 - Jul 9 with 1032 views | nrb1985 |
| Owners had enough? on 15:57 - Jul 9 by _clive_baker_ |
Its not positioned as an objective of the current owners, its just a 'hook' to any prospective new investor(s) that the opportunity might exist to achieve that in the future to demonstrate what the 'might' expect by way of a return, if things go well.
Of course it begs the question why the existing owners wouldn't go on that journey themselves. Maybe they don't think their pockets are deep enough, or maybe they think they've already added a lot of value and think now is the time to realise their liquidity event and big pay day.
Of course there's no guarantee of it ever materialising, its way more unlikely than likely IMO by 2031. There's not any real precedent of any club achieving that from our starting point where we are today. Even the likes of Arsenal or Spurs are probably only worth £2bn - £3bn and their revenues absolutely dwarf ours. |
"Of course it begs the question why the existing owners wouldn't go on that journey themselves"
Because their fiduciary responsibility is to their investors not us. They have made 7x their money in 5 years. Why roll the dice when you don't need to.
Don't forget, they can be fired as portfolio managers by the board of the pension at any time if they think they're felt to be making bad or unnecessarily risky calls. [Post edited 9 Jul 16:04]
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| Owners had enough? on 16:06 - Jul 9 with 996 views | giant_stow |
I'll buy it for whats left of my vape. Its a 6000 puff one so it should keep them going for a while.... |  |
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| Owners had enough? on 16:06 - Jul 9 with 1004 views | PhilTWTD |
It's joining the existing ownership as a lower level investor rather than taking control.
 Town Not Up For Sale 9th Jul 2025 16:02Town have allayed fears that the club’s ownership is looking to sell a controlling stake in the Blues.  44
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| Owners had enough? on 16:06 - Jul 9 with 991 views | dirtyboy |
| Owners had enough? on 15:57 - Jul 9 by _clive_baker_ |
Its not positioned as an objective of the current owners, its just a 'hook' to any prospective new investor(s) that the opportunity might exist to achieve that in the future to demonstrate what the 'might' expect by way of a return, if things go well.
Of course it begs the question why the existing owners wouldn't go on that journey themselves. Maybe they don't think their pockets are deep enough, or maybe they think they've already added a lot of value and think now is the time to realise their liquidity event and big pay day.
Of course there's no guarantee of it ever materialising, its way more unlikely than likely IMO by 2031. There's not any real precedent of any club achieving that from our starting point where we are today. Even the likes of Arsenal or Spurs are probably only worth £2bn - £3bn and their revenues absolutely dwarf ours. |
With the pension fund, it's probably exceeded a level at which they're comfortable or have pre-determined numbers at which they need to dilute or exit given how high risk we now are. |  | | |
| Owners had enough? on 16:07 - Jul 9 with 975 views | giant_stow |
| Owners had enough? on 16:06 - Jul 9 by PhilTWTD |
It's joining the existing ownership as a lower level investor rather than taking control.
Town Not Up For Sale 9th Jul 2025 16:02Town have allayed fears that the club’s ownership is looking to sell a controlling stake in the Blues. 44
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In that case, no deal. | |
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| Owners had enough? on 16:10 - Jul 9 with 936 views | itfcjoe |
| Owners had enough? on 16:06 - Jul 9 by PhilTWTD |
It's joining the existing ownership as a lower level investor rather than taking control.
Town Not Up For Sale 9th Jul 2025 16:02Town have allayed fears that the club’s ownership is looking to sell a controlling stake in the Blues. 44
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I don't understand how they can own 50%, want to bring another investpr on board (potentially with a £200m investment) and still retain control? |  |
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| Owners had enough? on 16:11 - Jul 9 with 920 views | itfc48 |
| Owners had enough? on 16:06 - Jul 9 by PhilTWTD |
It's joining the existing ownership as a lower level investor rather than taking control.
Town Not Up For Sale 9th Jul 2025 16:02Town have allayed fears that the club’s ownership is looking to sell a controlling stake in the Blues. 44
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I reckon old Brett has had a rather shouty phone call from MA this morning. Got to take a far more professional approach with that kind of thing. | | | |
| Owners had enough? on 16:11 - Jul 9 with 913 views | _clive_baker_ |
| Owners had enough? on 16:03 - Jul 9 by nrb1985 |
"Of course it begs the question why the existing owners wouldn't go on that journey themselves"
Because their fiduciary responsibility is to their investors not us. They have made 7x their money in 5 years. Why roll the dice when you don't need to.
Don't forget, they can be fired as portfolio managers by the board of the pension at any time if they think they're felt to be making bad or unnecessarily risky calls. [Post edited 9 Jul 16:04]
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I'd dispute that they've made any return until they actually realise one. They've also incurred and funded losses prior to last season on top of the consideration paid to ME. I'm not sure what they're in the hole by, but I wouldn't think they'll see a 7x return on their investment in real terms.
Not doubting they'll have done well out of it though, and don't disagree they'll be looking at downside risk vs. upside potential and probably feel like now is the time to scale back their holding. Fair play to them. | | | |
| Owners had enough? on 16:13 - Jul 9 with 886 views | portmanking |
| Owners had enough? on 16:10 - Jul 9 by itfcjoe |
I don't understand how they can own 50%, want to bring another investpr on board (potentially with a £200m investment) and still retain control? |
Yeah, I think that's squaring the circle. | | | |
| Owners had enough? on 16:15 - Jul 9 with 857 views | RadioOrwell |
Oh look. Random internet dude misunderstands complicated legal announcement. |  | | |
| Owners had enough? on 16:15 - Jul 9 with 852 views | itfcjoe |
| Owners had enough? on 16:11 - Jul 9 by _clive_baker_ |
I'd dispute that they've made any return until they actually realise one. They've also incurred and funded losses prior to last season on top of the consideration paid to ME. I'm not sure what they're in the hole by, but I wouldn't think they'll see a 7x return on their investment in real terms.
Not doubting they'll have done well out of it though, and don't disagree they'll be looking at downside risk vs. upside potential and probably feel like now is the time to scale back their holding. Fair play to them. |
I'd imagine the Brightpath investment saw them effectively realise all their losses up to that point from cost of sale and investment; whilst still retaining ownership. SO playing with house money from here on in to an extent | |
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| Owners had enough? on 16:16 - Jul 9 with 842 views | bartyg |
| Owners had enough? on 16:06 - Jul 9 by PhilTWTD |
It's joining the existing ownership as a lower level investor rather than taking control.
Town Not Up For Sale 9th Jul 2025 16:02Town have allayed fears that the club’s ownership is looking to sell a controlling stake in the Blues. 44
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what is Brett Johnson smoking? |  | | |
| Owners had enough? on 16:17 - Jul 9 with 827 views | Marshalls_Mullet |
| Owners had enough? on 16:11 - Jul 9 by itfc48 |
I reckon old Brett has had a rather shouty phone call from MA this morning. Got to take a far more professional approach with that kind of thing. |
MA isnt Bretts boss. But I suspect someone will have put him in his place. |  |
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| Owners had enough? on 16:18 - Jul 9 with 814 views | Marshalls_Mullet |
| Owners had enough? on 16:10 - Jul 9 by itfcjoe |
I don't understand how they can own 50%, want to bring another investpr on board (potentially with a £200m investment) and still retain control? |
I think there is some arse covering going on!! | |
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| Owners had enough? on 16:18 - Jul 9 with 816 views | PhilTWTD |
| Owners had enough? on 16:10 - Jul 9 by itfcjoe |
I don't understand how they can own 50%, want to bring another investpr on board (potentially with a £200m investment) and still retain control? |
Because, as I understand it, that investment would be into the 50 per cent, so they'd be taking a part of the existing controlling interest. | | | |
| Owners had enough? on 16:18 - Jul 9 with 801 views | nrb1985 |
| Owners had enough? on 16:10 - Jul 9 by itfcjoe |
I don't understand how they can own 50%, want to bring another investpr on board (potentially with a £200m investment) and still retain control? |
A controlling stake doesn't need to be more than 50%.
You can have a controlling minority stake which it seems is what they want. And the aforementioned 2/20 fee structure is their price for carrying on the day to day management.
I agree with you though, it's strange and will require a particular type of investor that's happy to be majority owner but play a passive role in management. [Post edited 9 Jul 16:19]
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| Owners had enough? on 16:19 - Jul 9 with 794 views | Matt_Netherlands |
| Owners had enough? on 16:10 - Jul 9 by itfcjoe |
I don't understand how they can own 50%, want to bring another investpr on board (potentially with a £200m investment) and still retain control? |
Doesn’t add up does it? I don’t see how looking for a “controlling interest” equates to just new investment. Unless we are all missing something. |  | | |
| Owners had enough? on 16:21 - Jul 9 with 777 views | PhilTWTD |
| Owners had enough? on 16:17 - Jul 9 by Marshalls_Mullet |
MA isnt Bretts boss. But I suspect someone will have put him in his place. |
Worth pointing out that this is a couple of steps away from the club. It's not the club looking raise cash but the funds which own Gamechanger and in turn the club.
Clearly an email going out at 9pm in the evening implying the controlling stake in the club is up for sale and that sales of £100m in players could be made over the summer probably led to a bit of frustration this side of the water. | | | |
| Owners had enough? on 16:23 - Jul 9 with 732 views | PhilTWTD |
| Owners had enough? on 16:18 - Jul 9 by nrb1985 |
A controlling stake doesn't need to be more than 50%.
You can have a controlling minority stake which it seems is what they want. And the aforementioned 2/20 fee structure is their price for carrying on the day to day management.
I agree with you though, it's strange and will require a particular type of investor that's happy to be majority owner but play a passive role in management. [Post edited 9 Jul 16:19]
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It's about smaller investors, as per the make-up of Bright Path. Although there are big name investors, there will be smaller investors who we don't know about who are a part of the investment but without sitting round the table. | | | |
| Owners had enough? on 16:25 - Jul 9 with 715 views | Marshalls_Mullet |
| Owners had enough? on 16:21 - Jul 9 by PhilTWTD |
Worth pointing out that this is a couple of steps away from the club. It's not the club looking raise cash but the funds which own Gamechanger and in turn the club.
Clearly an email going out at 9pm in the evening implying the controlling stake in the club is up for sale and that sales of £100m in players could be made over the summer probably led to a bit of frustration this side of the water. |
I've no issue with the owners looking for investment.
But the execution was so amateurish.
I suspect maybe Brett sent a draft out by accident?!
*Secret club looking for investment.... signed Brett Johnson, Three Lions. Send to all.* 🤣 | |
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| Owners had enough? on 16:28 - Jul 9 with 666 views | RadioOrwell |
| Owners had enough? on 16:10 - Jul 9 by itfcjoe |
I don't understand how they can own 50%, want to bring another investpr on board (potentially with a £200m investment) and still retain control? |
You could have left it at "I don't understand". | | | |
| Owners had enough? on 16:28 - Jul 9 with 674 views | Matt_Netherlands |
| Owners had enough? on 16:18 - Jul 9 by PhilTWTD |
Because, as I understand it, that investment would be into the 50 per cent, so they'd be taking a part of the existing controlling interest. |
Club valued at c.£375m according to the email
The investment opportunity is apparently to buy into half of this overall valuation as a minority owner
Yet they are asking for £184-214m… which surely buys out said 50%?
If someone was paying say £184m for half of the 50%…. That would value the club at £736m?
The club were never going to come out and say “we are on the market” but something doesn’t add up. | | | |
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