Paul 0 Posted August 19, 2006 Share Posted August 19, 2006 Breaking news on SSN Link to comment Share on other sites More sharing options...
Craig 6700 Posted August 19, 2006 Share Posted August 19, 2006 Very interesting - just turned over expecting it to be simply a comment and there it is on the yellow newsstrap! Link to comment Share on other sites More sharing options...
Ted Maul 0 Posted August 19, 2006 Share Posted August 19, 2006 Could explain the lack of transfer activity? Link to comment Share on other sites More sharing options...
Guest Patrokles Posted August 19, 2006 Share Posted August 19, 2006 Could explain the lack of transfer activity? 181131[/snapback] Nah, that's because Roeder sits in his office playing with himself all day. At least, that's what I read on NO. Link to comment Share on other sites More sharing options...
Pegasus Bridge 0 Posted August 19, 2006 Share Posted August 19, 2006 Could explain the lack of transfer activity? 181131[/snapback] Nah, that's because Roeder sits in his office playing with himself all day. At least, that's what I read on NO. 181132[/snapback] So true! Link to comment Share on other sites More sharing options...
Craig 6700 Posted August 19, 2006 Share Posted August 19, 2006 Our timing is, as ever, unbelievable! Link to comment Share on other sites More sharing options...
Paul 0 Posted August 19, 2006 Author Share Posted August 19, 2006 And ofcourse, it was Jim White who broke the story Link to comment Share on other sites More sharing options...
Baggio 0 Posted August 19, 2006 Share Posted August 19, 2006 Someone on N-O thinks its the Belgravia group. Link to comment Share on other sites More sharing options...
Scottish Mag 3 Posted August 19, 2006 Share Posted August 19, 2006 Someone on N-O thinks its the Belgravia group. 181140[/snapback] Thats what Jim White said, now which Belgravia Group it actually is no fooker knows, there are loads of them... Link to comment Share on other sites More sharing options...
Toonpack 9925 Posted August 19, 2006 Share Posted August 19, 2006 Someone on N-O thinks its the Belgravia group. 181140[/snapback] Thats what Jim White said, now which Belgravia Group it actually is no fooker knows, there are loads of them... 181141[/snapback] From what I can see they're all bits of the same one. Geoff Lord he's called an Aussie I think, Group is worth worth $80 million, whoopee fuckin doo thats only about £40 mill, shit that's just a little more than FFS Link to comment Share on other sites More sharing options...
Jimbo 175 Posted August 19, 2006 Share Posted August 19, 2006 Someone on N-O thinks its the Belgravia group. 181140[/snapback] Thats what Jim White said, now which Belgravia Group it actually is no fooker knows, there are loads of them... 181141[/snapback] From what I can see they're all bits of the same one. Geoff Lord he's called an Aussie I think, Group is worth worth $80 million, whoopee fuckin doo thats only about £40 mill, shit that's just a little more than FFS 181143[/snapback] and he's already involved in football: http://www.theage.com.au/articles/2004/10/...l?from=storylhs Link to comment Share on other sites More sharing options...
Ted Maul 0 Posted August 19, 2006 Share Posted August 19, 2006 http://home.skysports.com/list.aspx?hlid=4...+takeover+talks Link to comment Share on other sites More sharing options...
Dr Kenneth Noisewater 0 Posted August 19, 2006 Share Posted August 19, 2006 Group is worth worth $80 million, whoopee fuckin doo thats only about £40 mill, shit that's just a little more than FFS 181143[/snapback] Fuck all in terms of football finance. Link to comment Share on other sites More sharing options...
Toonpack 9925 Posted August 19, 2006 Share Posted August 19, 2006 Group is worth worth $80 million, whoopee fuckin doo thats only about £40 mill, shit that's just a little more than FFS 181143[/snapback] Fuck all in terms of football finance. 181158[/snapback] FACT Link to comment Share on other sites More sharing options...
Jimbo 175 Posted August 19, 2006 Share Posted August 19, 2006 Group is worth worth $80 million, whoopee fuckin doo thats only about £40 mill, shit that's just a little more than FFS 181143[/snapback] Fuck all in terms of football finance. 181158[/snapback] FACT 181159[/snapback] agreed, lets hope they are not on their own, a billionaire backer would be nice. Link to comment Share on other sites More sharing options...
The Fish 10963 Posted August 19, 2006 Share Posted August 19, 2006 aren't they a "hedge" group? one that buys a company, makes a load of profit by whacking up price, skimping on product and reneging on guarantees etc. I'm more than a little concerned about this. Link to comment Share on other sites More sharing options...
Lazarus 0 Posted August 19, 2006 Share Posted August 19, 2006 http://www.telegraph.co.uk/money/main.jhtm...20/cnnewc20.xml According to this the belgravia group are jersey based, not aussie based. Link to comment Share on other sites More sharing options...
Isegrim 9896 Posted August 19, 2006 Share Posted August 19, 2006 aren't they a "hedge" group? one that buys a company, makes a load of profit by whacking up price, skimping on product and reneging on guarantees etc. I'm more than a little concerned about this. 181186[/snapback] I don't really like Fat Fred and think things could be run better, but the least thing I want is a hedge fond taking over. Link to comment Share on other sites More sharing options...
Scottish Mag 3 Posted August 20, 2006 Share Posted August 20, 2006 http://business.timesonline.co.uk/article/...2320235,00.html THE future ownership of Britain’s football Premiership will take another dramatic twist this week when Belgravia Group, a secretive Jersey-based investment company, confirms it has made an approach to buy Newcastle United. Newcastle, which has a market value of £81m, is now the second Premiership club that is in active bid talks. Last week the American billionaire Randy Lerner tabled an offer to buy Aston Villa. Belgravia, which runs a range of investments from property to equity and derivative funds, is headed by two experienced fund managers, Ron Mitchell and Duncan Hickman. They manage more than £1 billion for wealthy investors and made their fortune building and later selling a hedge-fund business called Liberty Ermitage. A spokesman for Belgravia described the potential acquisition of Newcastle as “an attractive opportunity” but added: “It is at an early stage and nothing is finalised.” The group is being advised in the deal by Strand Partners, a boutique London investment bank. It is understood that Mitchell and Hickman have held extensive talks with Sir John Hall, the northeast entrepreneur, who controls 28.8% of the quoted club. His son Douglas owns an additional 12% of the company and it is thought that if his father sells he is likely to as well. Hall, who unlike his son is no longer on the board of Newcastle, has been offered the role of life president if the club is taken over. Belgravia also intends to offer Alan Shearer, the side’s former captain and striker, a role in the club. As part of its takeover plans, Belgravia has set aside a pool of money to buy in more football talent and show the Toon army that it is a long-term owner that wants to build on the club’s success. Belgravia, which Hickman chairs, intends to buy out the 28% stake held by Newcastle’s chairman, Freddy Shepherd. This could prove the sticking point, because up to now Shepherd has resisted approaches to sell out and has instead been increasing his stake. The Jersey company is sitting on a huge cash pile and the equity required to finance the takeover will not be taken from its funds under management. This is the second approach Hall has had for his stake. Two months ago The Sunday Times revealed that Polygon, a US hedge fund, had held talks with Hall. Polygon has been working with UBS, the investment bank, on a potential takeover and it, too, wants complete control of the club. But it is thought Polygon’s interest has waned. Despite the financial risk attached to owning a football club, there appears to be no shortage of people wanting to take on the challenge. The Glazer family now controls Manchester United and the Russians Roman Abramovich and Alexandre Gaydamak own Chelsea and Portsmouth. Now there is speculation that a Korean investor could buy the Premiership newcomer Reading from John Madejski. According to its last full-year accounts, Newcastle reported sales of £87m and a drop in its cash position from £26.2m to £17.6m. Analysts say an offer to acquire the company is likely to be at a 10% to 15% premium to Friday’s closing price of 61p a share. For Hall Sr, his decision to sell his Newcastle stake marks the end of a broken dream. He made his fortune after developing the Metro Centre, the huge retail complex on the outskirts of Gateshead. He banked £70m when the centre was sold and then embarked on a grandiose campaign to turn Newcastle into the “European city of sporting culture”. He bought the football club and then spent millions of pounds adding rugby, basketball and ice-hockey teams. But Hall’s vision hit the buffers and he lost millions of pounds. He is still held in high esteem by the local community, although they are less affectionate towards his son. Link to comment Share on other sites More sharing options...
Gemmill 46021 Posted August 20, 2006 Share Posted August 20, 2006 The fact that they want to keep Hall Snr and Shearer involved sounds promising. As does the money set aside for transfers. This has to affect what's currently going on in terms of transfers though, I would have thought, if the talks are really serious. Link to comment Share on other sites More sharing options...
JawD 99 Posted August 20, 2006 Share Posted August 20, 2006 Well its the halls that want out though. But FS wants to stay and doesnt want to sell. For all FS's shortcomings, Im rather wary about this sort of investment coming in to run the show. Link to comment Share on other sites More sharing options...
Craig 6700 Posted August 20, 2006 Share Posted August 20, 2006 Well its the halls that want out though. But FS wants to stay and doesnt want to sell. For all FS's shortcomings, Im rather wary about this sort of investment coming in to run the show. 181277[/snapback] I have to agree totally. The likes of Abramovich, Lerner & Gaydamak are running their respective clubs on what appears to be personal wealth and consequently their primary objective is to improve the football on the pitch. I can't help but think if someone like the Belgravia Group were to own us, they'd be thinking of money-making first and football second. Link to comment Share on other sites More sharing options...
Jimbo 175 Posted August 20, 2006 Share Posted August 20, 2006 Well its the halls that want out though. But FS wants to stay and doesnt want to sell. For all FS's shortcomings, Im rather wary about this sort of investment coming in to run the show. 181277[/snapback] I have to agree totally. The likes of Abramovich, Lerner & Gaydamak are running their respective clubs on what appears to be personal wealth and consequently their primary objective is to improve the football on the pitch. I can't help but think if someone like the Belgravia Group were to own us, they'd be thinking of money-making first and football second. 181278[/snapback] Thats my fear too. Link to comment Share on other sites More sharing options...
Fordy 1 Posted August 20, 2006 Share Posted August 20, 2006 As much as everyone seems to hate the pie man he does provide good football and there nearly always seems to be money to spend. Link to comment Share on other sites More sharing options...
Bombadil 0 Posted August 20, 2006 Share Posted August 20, 2006 Well its the halls that want out though. But FS wants to stay and doesnt want to sell. For all FS's shortcomings, Im rather wary about this sort of investment coming in to run the show. 181277[/snapback] I have to agree totally. The likes of Abramovich, Lerner & Gaydamak are running their respective clubs on what appears to be personal wealth and consequently their primary objective is to improve the football on the pitch. I can't help but think if someone like the Belgravia Group were to own us, they'd be thinking of money-making first and football second. 181278[/snapback] Thats my fear too. 181290[/snapback] Thirded. Link to comment Share on other sites More sharing options...
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