John Textor 22:08 - Jul 11 with 3124 views | darkhorse28 | Apologies if this had been covered, not been on here much. He’ll buy a majority stake, In a championship club in the coming weeks. He my opinion, he’d be a huge leap forwards for us. He has global networks. Has reach in to Europe, South America and global scouting structures, has had great success with Botafogo, taking them from bankruocy to league champions and beating PSG, the results at Palace speak for themselves, and Lyon in the context of stadium development and not being allowed too many foreign players, have done fantastic. His knowledge of the English game, and passion for it, makes him stand out from the US crowd. Much is made of the £1.2 billion leverage of his ownership group…, but this is a huge business, and the way they pool resources, and utilise broader assets, is as he points out, the only model now, if sides ever want to ever challenge clubs owned by nation states. The liabilities are dwarfed by combined assets, the Lyon academy alone is ranked the third best in Europe and yields huge revenue. Little Ipswich can’t compete with Man City, and Newcastle. Little Ipswich leveraged globally, with global reach, scouting, finance, and shared resources, COULD. Not a pension fund, but actual football people here and across the world. I hope he makes it happen. It would be a big step forward for us, from some risk capital to actual football people, to its genuine reach. It would be genuine passion and enthusiasm with deep pockets and an understanding of what’s required in the premier league. My guess is he and Simon Jordon will want it to be Sheff Weds…, but that won’t be an easy deal to do. And that’s a huge project. Wouldn’t be 1% surprised if he’s our new majority owner in six or so weeks time. It would be VERY positive. In my opinion. |  | | |  |
John Textor on 11:05 - Jul 13 with 213 views | SuffolkPunchFC |
John Textor on 09:29 - Jul 13 by darkhorse28 | I do apologise. I thought Gamechanger owned rhe nsbkrjty if the club 52%? Is that not the case? And one of their key investors had released a statement, saying the club valuation was up to £350 million and their stake (a majority) was avislbke to buy for between whatever the figure Brett gave out. £180-200 plus million. What % do Gamechanger own? Who is the majority owner? Why is Brett trying to sell something he doesn’t have a stake in? .., the three lions have 5% of the club but executive control over the Gamechanger investment was my understanding. Happy for you to put me straight, it has become slightly obscure with the various minority investments.., but thought our majority owners had remained unaltered. Always open to meaning though.., so who owns us, how much is up for sale as a % and what that value us at. If Brett is wrong about his numbers and who owns us, that’s not great. I’d expect someone who’s invested his own money to have a decent grasp. |
Gamechanger own ITFC, and run the business / club. ORG is the majority shareholder/investor, and considered the Controlling Party i.e anything in the boardroom was in dispute, and went to a vote, their vote will be achieve a simple majority over any other combination of voting shareholders. I don't have their Articles of Association to know if there are any special circumstances with regard to voting rights - there often are, such as some fundamental changes needing a higher voting share, such as 75%, to pass a vote. If ORG sell some, or all of their stake in the club, it will shift the voting balance in the boardroom, but doesn't change the ownership - that is still GC. So nothing changes on a day-to-day basis, only in the boardroom for anything that goes to a vote (subject to the Articles of Association). So, in a voting sense, the influence shifts- but nothing else. |  | |  |
John Textor on 11:16 - Jul 13 with 185 views | SomethingBlue | 3/10 simply for the energy you are expending. |  |
|  |
John Textor on 14:10 - Jul 14 with 97 views | darkhorse28 |
John Textor on 11:05 - Jul 13 by SuffolkPunchFC | Gamechanger own ITFC, and run the business / club. ORG is the majority shareholder/investor, and considered the Controlling Party i.e anything in the boardroom was in dispute, and went to a vote, their vote will be achieve a simple majority over any other combination of voting shareholders. I don't have their Articles of Association to know if there are any special circumstances with regard to voting rights - there often are, such as some fundamental changes needing a higher voting share, such as 75%, to pass a vote. If ORG sell some, or all of their stake in the club, it will shift the voting balance in the boardroom, but doesn't change the ownership - that is still GC. So nothing changes on a day-to-day basis, only in the boardroom for anything that goes to a vote (subject to the Articles of Association). So, in a voting sense, the influence shifts- but nothing else. |
So a majority stake, for say circa £200 million on a valuation of £3500 million doesn’t come with the majority voting rights? It’s that’s correct, we really do have a problem, because nobody is buying the majority of us, without executive control, and as football fans, I’m guessing we wouldn’t want them to. If the majority owners, don’t want executive control, doesn’t that leave a big strategic vacuum? The whole point was Textor is a football person, and our ownership at the minute really isn’t. Why do you think Gamechanger haven’t released a statement after Brett’s note? I’m guessing that validates that it’s an accurate position of where they are. I can’t see anyone spending £200 million on an asset without executive control. Gamechanger need to qualify where executive control will sit.., and who’s shares the 52% is made up of. Brett and the three lions own 5% but they DO have executive control and speak for ORG and Gamechanger.., so it does look like that’s a majority position WITH voting rights. I could be wrong, time will tell. No clarigivatikn speaks volumes though…, it’s awful timing PR wise. Our staff have mostly left, nine of them have been replaced, also paints a picture. In fact it’s only McKenna left, he’s paid so much he’ll be incredibly well looked after whatever the outcome. Those that won’t so easily find roles once the season starts, and don’t have big pay offs, they’ve all gone. It clearly is 52% of ordinary shares.., and the implications of that are huge for everyone at the club. It’s genuinely tiring watch the club treat fans like they’re ignorant, and don’t understand how a business sale works.., and as fans, even harder when we just take the PR and pass it off verbatim. If our owners don’t want to be here.., getting a new direction is a big step forwards relative to the alternative …, inertia, no recruitment off the pitch, a P&L mindset above developing the team longer term. It’s actually a great opportunity I think. The pension fund risk capital never seemed like a long term solution. [Post edited 14 Jul 20:55]
|  | |  |
John Textor on 14:11 - Jul 14 with 94 views | darkhorse28 |
John Textor on 11:16 - Jul 13 by SomethingBlue | 3/10 simply for the energy you are expending. |
Thanks.., I’ve had a book annual leave for this thread, so the recognition is appreciated. |  | |  |
| |