Dr Gloom 21812 Posted January 3, 2018 Share Posted January 3, 2018 Link to comment Share on other sites More sharing options...
Toonpack 9223 Posted January 4, 2018 Share Posted January 4, 2018 22 hours ago, trooper said: This from todays Chronicle ... It is understood that the Premier League has also yet to begin conducting a ‘fit and proper person test’, Such a process can take weeks, and would need to occur before the Premier League could ratify any new ownership of the Magpies. The doesn't stop an ownership change though, can happen after a takeover, lets face it it's unlikely any owner would fail those tests given we're not being bought by the Russian mafia unlike some. Link to comment Share on other sites More sharing options...
Tdansmith 3208 Posted January 4, 2018 Share Posted January 4, 2018 Link to comment Share on other sites More sharing options...
ewerk 30255 Posted January 4, 2018 Share Posted January 4, 2018 I don't see how SD buying back shares is anything to do with NUFC. Unless he thinks that Mike Ashley is paying for it out of his own pocket, which isn't what a buy back is. Link to comment Share on other sites More sharing options...
Howay 12496 Posted January 4, 2018 Share Posted January 4, 2018 (edited) Agreed. I assume the bloke is trying to create a story that this is Ashley clawing back a bigger percentage of Sports Direct using proceeds of the sale of NUFC, but as you say it’s not going to be out of his pocket with a buy back from a PLC that I assume he isn’t in full control of. I would have thought any move like that would have come through MASH Holdings rather than Sports Direct International. Edited January 4, 2018 by Howay Link to comment Share on other sites More sharing options...
Tdansmith 3208 Posted January 4, 2018 Share Posted January 4, 2018 25 minutes ago, Howay said: Agreed. I assume the bloke is trying to create a story that this is Ashley clawing back a bigger percentage of Sports Direct using proceeds of the sale of NUFC, but as you say it’s not going to be out of his pocket with a buy back from a PLC that I assume he isn’t in full control of. I would have thought any move like that would have come through MASH Holdings rather than Sports Direct International. Don't companies dish out shares when they need to raise a lot of money for investment etc ? Buyback normally means the opposite so is the biggest shareholder expecting a lumpa from somewhere else ? Just guessing like, and hoping. Link to comment Share on other sites More sharing options...
adios 717 Posted January 4, 2018 Share Posted January 4, 2018 What @ewerk and @Howay said is the first thing that crossed my mind. A buyback first would be arse backwards. Link to comment Share on other sites More sharing options...
Tdansmith 3208 Posted January 4, 2018 Share Posted January 4, 2018 4 minutes ago, adios said: What @ewerk and @Howay said is the first thing that crossed my mind. A buyback first would be arse backwards. Well i guess they're right, i know zip about business, i just seen it over at On line and got my hopes up. Link to comment Share on other sites More sharing options...
ewerk 30255 Posted January 4, 2018 Share Posted January 4, 2018 18 minutes ago, Tdansmith said: Buyback normally means the opposite so is the biggest shareholder expecting a lumpa from somewhere else ? Just guessing like, and hoping. The money for a buyback won't come from Ashley though. It will come from Sports Direct's retained earnings. 1 Link to comment Share on other sites More sharing options...
Tdansmith 3208 Posted January 4, 2018 Share Posted January 4, 2018 3 minutes ago, ewerk said: The money for a buyback won't come from Ashley though. It will come from Sports Direct's retained earnings. Arrrh ok i see. It's the hope that kills ya' Link to comment Share on other sites More sharing options...
adios 717 Posted January 4, 2018 Share Posted January 4, 2018 On 1/3/2018 at 10:51, adios said: Link to comment Share on other sites More sharing options...
Tdansmith 3208 Posted January 4, 2018 Share Posted January 4, 2018 Link to comment Share on other sites More sharing options...
Kevin Carr's Gloves 3809 Posted January 4, 2018 Share Posted January 4, 2018 Debenhams (which SD bought a stake in) has issued a profit warning today. That can't be good for a company with such large debts that it has (Apparently, I read all this). Link to comment Share on other sites More sharing options...
Howay 12496 Posted January 4, 2018 Share Posted January 4, 2018 (edited) 1 hour ago, Tdansmith said: Don't companies dish out shares when they need to raise a lot of money for investment etc ? Buyback normally means the opposite so is the biggest shareholder expecting a lumpa from somewhere else ? Just guessing like, and hoping. Aye you’re right they either sell stock or have a debt financing by selling bonds if they want to increase their capital to invest, takeover another company, etc. A buyback is usually to regain controlling percentage and as you’ve mentioned about the biggest shareholder possibly expecting a lump so has sought greater control being the source of this is what I think the author is trying to hint at. Sadly as ewerk says that sort of funding would come from Sports Direct Intl’s Retained earnings. If it was MASH holdings it could be more likely that it was coming through Ashley (depending how it was structured, I don’t know how Ashley has his holding company structured), even then I think it’d be a bit of a stretch. Edited January 4, 2018 by Howay 1 Link to comment Share on other sites More sharing options...
adios 717 Posted January 4, 2018 Share Posted January 4, 2018 Would also really fuck up his bargaining power if it was true unless the deal is signed, sealed, delivered and then we'd already know that. So it really is beyond stretching it. 1 Link to comment Share on other sites More sharing options...
ewerk 30255 Posted January 4, 2018 Share Posted January 4, 2018 I’ve read the guys ‘update’ and it confirms that he’s an idiot that doesn’t understand the subject he’s talking about. Just a ‘student’ who thinks he’s clever because his fancy dan lecturer told him he was special. 2 Link to comment Share on other sites More sharing options...
Howay 12496 Posted January 4, 2018 Share Posted January 4, 2018 I see HF has commented on it as well saying buying back shares has been an annual thing for SD since 2011. Link to comment Share on other sites More sharing options...
ewerk 30255 Posted January 4, 2018 Share Posted January 4, 2018 Aye, it was paused for a while but this is just a continuation of a fairly standard policy. Link to comment Share on other sites More sharing options...
Kevin Carr's Gloves 3809 Posted January 4, 2018 Share Posted January 4, 2018 1 hour ago, ewerk said: I’ve read the guys ‘update’ and it confirms that he’s an idiot that doesn’t understand the subject he’s talking about. Just a ‘student’ who thinks he’s clever because his fancy dan lecturer told him he was special. Golfball through a hose pipe special Link to comment Share on other sites More sharing options...
Howay 12496 Posted January 6, 2018 Share Posted January 6, 2018 (edited) Don’t know how to embed the tweets on my phone properly: https://mobile.twitter.com/mickquinn1089/status/949362267606409218 https://mobile.twitter.com/mickquinn1089/status/949358540992458752 He also retweeted a fake ssn story, said he was only joking with that retweet and that he wouldn’t string NUFC fans along unless he thought there was some truth. Probably bollocks mind. Edited January 6, 2018 by Howay Link to comment Share on other sites More sharing options...
Anorthernsoul 1221 Posted January 6, 2018 Share Posted January 6, 2018 I've heard it's all been agreed and will be announced within 7 days. Link to comment Share on other sites More sharing options...
The Fish 10714 Posted January 6, 2018 Share Posted January 6, 2018 4 minutes ago, Anorthernsoul said: I've heard it's all been agreed and will be announced within 7 days. From whom? Link to comment Share on other sites More sharing options...
Anorthernsoul 1221 Posted January 6, 2018 Share Posted January 6, 2018 20 minutes ago, The Fish said: From whom? My window cleaner. Link to comment Share on other sites More sharing options...
The Fish 10714 Posted January 6, 2018 Share Posted January 6, 2018 Just now, Anorthernsoul said: My window cleaner. 2 Link to comment Share on other sites More sharing options...
Anorthernsoul 1221 Posted January 6, 2018 Share Posted January 6, 2018 3 minutes ago, The Fish said: Link to comment Share on other sites More sharing options...
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