Possible Takeover Bid ?

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Eggs'n'nuts
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Re: Possible Takeover Bid ?

Post by Eggs'n'nuts » Wed Feb 12, 2020 9:21 pm

szola wrote:
Wed Feb 12, 2020 12:56 pm
The athletics will be moved on. It is simply too expensive.
That will be the moment when we'll be sold.
Sell The London Stadium and give The Crystal Palace national sports centre a massive facelift with the money?

Problem solved.

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Diogenes
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Re: Possible Takeover Bid ?

Post by Diogenes » Wed Feb 12, 2020 9:28 pm

Now here is a depressing game.

Firstly - what do you think the chance of GSB still (or not) being here in 5 years time?
Then - what are the chances of them selling to someone reasonably 'good' ?
Then - whoever they sell to, what are the chances of them redeveloping the ground or building a new ground more favourable to fans?

My view is 50%, 30% and 20%. That leaves the chances of all that happening at 3%!

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hammer1975
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Re: Possible Takeover Bid ?

Post by hammer1975 » Wed Feb 12, 2020 10:54 pm

They’ll let themselves be ‘forced out’ in 2023 if we are in the PL at that point. In the meantime their asking price will exceed any rational buyers budget.

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Crossd_Hammrs
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Re: Possible Takeover Bid ?

Post by Crossd_Hammrs » Wed Feb 12, 2020 10:58 pm

mumbles87 wrote:
Thu Feb 06, 2020 5:49 am
, we first need to actually play well enough to secure premier league football for next year otherwise we are going to be the richest team in the championship. Whilst this may sound great I dont see it being easy to get out of..
Yes, as the richest club in the league we would play 23 other teams that set up to stifle us, rough us up and hope to nick a point while stopping us getting three. Twice each. :(

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Re: Possible Takeover Bid ?

Post by Romford_Iron » Thu Feb 13, 2020 1:41 am

Edit: wrong thread

SEAHammer
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Re: Possible Takeover Bid ?

Post by SEAHammer » Thu Feb 13, 2020 3:20 am

szola wrote:
Wed Feb 12, 2020 12:56 pm
The athletics will be moved on. It is simply too expensive.
That will be the moment when we'll be sold.
The athletics was the reason we have such a useless stadium but frankly it no longer matters, using the stadium for athletics or anything else in the future won't change the design. Frankly nobody in athletics cares, they hate the place as much as we do ... anything more than 20k is like a lolly stick in a warm bath for athletes ... a 60,000 stadium is purgatory when only 10,000 turn up.

The management company spent more converting the ground for baseball and that made loads of money ... athletics in the 60,000 LS nobody cares it's far to big ... the last 'major' event was 2019 summer's Muller Anniversary games one of the top world athletics events yet that managed just under 20,000 per day over two days, most of the time there were barely 10,000 people in the stadium and most of then were friends and family ... it's a joke yet they will do it all again this summer, tickets start at £5.00 for blocks 225 through 247 (and if it's like last year once you're in you can go where you want) .... and they will still only get 20,000 a day.

By comparison the 6,500 Manchester Arena athletics event the month before is already sold out with tickets from £16.00 ...

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Re: Possible Takeover Bid ?

Post by taffhammer » Thu Feb 13, 2020 10:47 am

Eggs'n'nuts wrote:
Wed Feb 12, 2020 9:21 pm
Sell The London Stadium and give The Crystal Palace national sports centre a massive facelift with the money?

Problem solved.
Do we get first refusal on the stadium ? What if someone completely seperate bought it ? Managed it right, leased it to us, made match day money on food etc, put on loads of concerts in the summer, moved in an nfl team. How would that effect us ?

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Puff Daddy
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Re: Possible Takeover Bid ?

Post by Puff Daddy » Thu Feb 13, 2020 10:58 am

People only think about athletics once every four years and that is why it is and always will be, a minority sport. Who has even began to even think about the sport of rowing since the last Olympics ? and this is why Lord Coe's silly comments about an athletics legacy were always onto a loser and I'm amazed the Olympics movement fell for it

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Eggs'n'nuts
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Re: Possible Takeover Bid ?

Post by Eggs'n'nuts » Thu Feb 13, 2020 2:29 pm

taffhammer wrote:
Thu Feb 13, 2020 10:47 am
Do we get first refusal on the stadium ? What if someone completely seperate bought it ? Managed it right, leased it to us, made match day money on food etc, put on loads of concerts in the summer, moved in an nfl team. How would that effect us ?
My primary thought was the best way of getting rid of that f**king running track and building something that's a hell of a lot more in our favour.

Would we get first refusal on the sale as we are sitting tenants? It would seem logical. The rest of your questions; truth be told, I wouldn't know where to start.

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Eggs'n'nuts
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Re: Possible Takeover Bid ?

Post by Eggs'n'nuts » Thu Feb 13, 2020 2:31 pm

Puff Daddy wrote:
Thu Feb 13, 2020 10:58 am
People only think about athletics once every four years and that is why it is and always will be, a minority sport. Who has even began to even think about the sport of rowing since the last Olympics ? and this is why Lord Coe's silly comments about an athletics legacy were always onto a loser and I'm amazed the Olympics movement fell for it
A classic case of the three B's (Bulls**t baffles brains) Puff.

Also, they would have said anything to win The olympic bid.

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Re: Possible Takeover Bid ?

Post by rare as rockinghorse shat » Fri Feb 14, 2020 7:28 pm

btajim - mcfc wrote:
Thu Feb 06, 2020 8:48 am
You need to be careful with billionaire owners. City were very lucky that we have got some of the best in the business
Played

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Re: Possible Takeover Bid ?

Post by Johnny Byrne's Boots » Fri Feb 14, 2020 7:42 pm

If, at the extreme edge of possibility, the stadium was offered for sale, how would athletics £35k p/a agreement factor in? Would any new owners have to honour it?

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Re: Possible Takeover Bid ?

Post by sutts07 » Mon Feb 17, 2020 10:59 am

taffhammer wrote:
Thu Feb 13, 2020 10:47 am
Do we get first refusal on the stadium ? What if someone completely separate bought it ? Managed it right, leased it to us, made match day money on food etc, put on loads of concerts in the summer, moved in an nfl team. How would that effect us ?
From a press release by UK Athletics in 2016...

UKA will have priority use of the Stadium from the last Friday in June to the end of July each year under a 50 year agreement, starting from 2016 when the stadium will be fully operational following its legacy transformation.

Assuming this agreement was put/is still in place, they'd no doubt have to be bought out of it (or agree to walk away) before the track could go.

With a new 18k seat stadium being built in Birmingham for the 2022 Commonwealth Games (40k with temp seating for the games - creating a legacy beyond the commonwealth games - all sound familiar?), it is not beyond imagination to think that UKA would take that as their new home and break free from the hassle of E20 having to move seats each summer for them.

Birmingham and the West Midlands receive over £778M in investment from the Government, Council and partners to deliver the Commonwealth Games in 2022... This can't keep happening. They will have to sell off the London Stadium and by then, the ten year promise of not sellign the club etc will all be up.

It is just a matter of time. I'd say we are stuck with these clowns for at least two more full seasons.

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Aceface
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Re: Possible Takeover Bid ?

Post by Aceface » Mon Feb 17, 2020 11:08 am

Just blue-skying here: maybe Sullivan can buy back Brum now they'll have that stadium he longed to have built by someone else's money available to exploi...er, expand the club.

Sorry Blues fans, but sometimes you have to take one for the team.

Don't call it a comeback.

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Re: Possible Takeover Bid ?

Post by e-20 » Mon Feb 17, 2020 11:39 am

Eggs'n'nuts wrote:
Thu Feb 13, 2020 2:31 pm
A classic case of the three B's (Bulls**t baffles brains) Puff.

Also, they would have said anything to win The olympic bid.
That last line sums it up perfectly and the politicians of course were just lapping up the potential self serving benefits. True post Olympic strategy was a very poor secondly consideration at best and as they always think just 5 to 10 years ahead at most generally someone else problem.

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Re: Possible Takeover Bid ?

Post by sutts07 » Mon Feb 17, 2020 11:45 am

Aceface wrote:
Mon Feb 17, 2020 11:08 am
Just blue-skying here: maybe Sullivan can buy back Brum now they'll have that stadium he longed to have built by someone else's money available to exploi...er, expand the club.

Sorry Blues fans, but sometimes you have to take one for the team.

Don't call it a comeback.
Nothing is impossible. Sullivan has certainly taken enough cash out of West Ham to be able to afford it. Birmingham was valued at just 12.3m when they were sold in 2016 to the current owners and the plan was to get them up into the Premier League. Considering they are closer to relegation than they are to promotion four years on from that deal, there is every chance the investment company currently running them would just cash out.

Prob
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Re: Possible Takeover Bid ?

Post by Prob » Mon Feb 17, 2020 11:59 am

So no one is actually taking us over and its hear say leak from the board to take the pressure of them

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Re: Possible Takeover Bid ?

Post by sutts07 » Mon Feb 17, 2020 12:29 pm

I think there was some hope / movement when it was confirmed that Albert 'Tripp' Smith had been over to Middle East to discuss options.

As to what those options were, who knows. Gold selling up his share? Possible, but would Smith need to go the Middle East for that? More likely Smith seeking out a partner to carry out a takeover with.

Certainly not aware of any actual bid.

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Aceface
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Re: Possible Takeover Bid ?

Post by Aceface » Mon Feb 17, 2020 12:41 pm

I haven't followed this story at all so this might be a dumb question, but even if Tripp Smith went to the Middle East recently, how did anyone know it was for West Ham-related reasons? With his background it could be for any number of reasons.

Soulman58
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Re: Possible Takeover Bid ?

Post by Soulman58 » Mon Feb 17, 2020 12:51 pm

SEAHammer wrote:
Thu Feb 13, 2020 3:20 am
The athletics was the reason we have such a useless stadium but frankly it no longer matters, using the stadium for athletics or anything else in the future won't change the design. Frankly nobody in athletics cares, they hate the place as much as we do ... anything more than 20k is like a lolly stick in a warm bath for athletes ... a 60,000 stadium is purgatory when only 10,000 turn up.

The management company spent more converting the ground for baseball and that made loads of money ... athletics in the 60,000 LS nobody cares it's far to big ... the last 'major' event was 2019 summer's Muller Anniversary games one of the top world athletics events yet that managed just under 20,000 per day over two days, most of the time there were barely 10,000 people in the stadium and most of then were friends and family ... it's a joke yet they will do it all again this summer, tickets start at £5.00 for blocks 225 through 247 (and if it's like last year once you're in you can go where you want) .... and they will still only get 20,000 a day.

By comparison the 6,500 Manchester Arena athletics event the month before is already sold out with tickets from £16.00 ...
Being pedantic, but it wasn't Athletics fault, it was a bunch of dipsticks trying to turn it into a football arena.

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