Takeover talk

[mickthekeeper]

I assume the call option will eventually expire or does it run ad infinitum?

[Major]

I would be amazed if there wasn't a buy:sell option on Golds shares. It is common in business.

Dave and Dave (an example) might be best mates and run a business well together. But both might hate each others families which they would be forced into working with on either demise.

Run a business well?

Are you taking the piss

[Mullhull]

Run a business well?

Are you taking the piss

They're both multi millionaires from running successful businesses. It's not luck is it? f*** me some of you do let hate cloud your brain. It also pisses me off because it makes me sound like I like them when I have to point out obvious **** like this. I don't but I understand what they are.

I take that as, "You've agreed a price Kretinsky so don't try to shaft us."
I'm far more inclined to believe the story last week saying Kretinsky has put his call option on hold until he sees how this season goes than I am this latest one anyway...

Don't suppose you have a link at all mate?

[ToiletDuck]

Like I said , an example

And as much as I am not keen on them, from Purley a financial aspect they have done brilliantly from Thier initial investment.

[Gsbgsb]

Likewise. Why pay £600m (which I believe is around the same amount for the call option) today when it may only be worth £400m (for example) in June. You'll either lose £200m or miss out on saving £200m if they really want out.

FWIW I don't think the Gold Estate or Sullivan will sell up if we go down, unless for some bizarre reason the call option is activated. They'll look at getting us back up to the PL, utilising money from the sale of Rice, Bowen etc to buy players to do it first time to maximise their investment/sale price without spending a penny

Circa £600m is around the right price for a PL West Ham. Forget the training ground, the stadium or whatever else, it is not the capital assets, it is all about the income which is in turn all about the daft PL monies. Anything around 3 times income is about right at the moment and we earn well in excess of £200m in Europe and just short of it out of Europe.

Get relegated however and it becomes a true buggers muddle. No way it is worth more than about a third of that based on likely Championship income once the parachutes are gone, then the capital assets have a role, but equally no seller would sell on the basis it reverts to far closer to the £600m the moment we are promoted.

[Ozza]

Golds shares have a price, you cant give mates rates on them for Sullivan… although as the majority share holder he has first refusal on them (i think)

[Major]

They're both multi millionaires from running successful businesses. It's not luck is it? **** me some of you do let hate cloud your brain. It also pisses me off because it makes me sound like I like them when I have to point out obvious **** like this. I don't but I understand what they are.



Don't suppose you have a link at all mate?

of course i was being facetious, they have made a few quid for sure, the fact that they did it through one of the dodgiest industries there is is irrelevant as well, but i do think it shows the calibre of men we are talking about.

i was meaning specifically West Ham, they have run the thing like a trust fund rather than a business. This is all about benefiting them and not the business.

c****

[jabbaglob123]

Oh dear

[Denzil]

As others have mentioned, I don't think a majority takeover will be expected prior to summer due to uncertainty around league status. Does sound like there is traction this summer though (hopefully)

[Cuenca 'ammer]

2 scenarios I reckon


in the PL talks advance

in the Fizzy no chance

[Up the Junction]

Oh dear

You read it here first:

https://www.kumb.com/article.php?id=44505

https://www.kumb.com/story.php?id=137815

And don't forget which blogs claimed the above was untrue.

[sutts07]

in the PL talks advance
in the Fizzy no chance

Talks continue both ways, just at considerably different price points.

[bonzosbeard]

Has this thread become even more depressing than the relegation thread?

[Gaz]

Line from the article above; "Sources have suggested he [Sullivan] does not want to sell to Kretinsky"

Anyone know why that would be? £600m of his money is as good as anyone's ...

[WebmasterFF]

Line from the article above; "Sources have suggested he [Sullivan] does not want to sell to Kretinsky"

Anyone know why that would be? £600m of his money is as good as anyone's ...

Likely due to ego.

Kretinsky has come in, injected £160m of his own money into the club (not as loans) and is being seen by a significant number of fans as the potential Saviour of the club.

Sully has been craving that since investing his money (as loans gathering significant interest per annum) and telling fans that he was the Saviour of the club.

Kretinsky has more money, is better in business and already has a march on Sully following conversations about the Olympic Stadium whilst being a fellow board member. That likely royally ****'s him right and so would rather sell to someone else. Might not have the luxury of that option if Kretinsky pulls the trigger on his option

[Cuenca 'ammer]

explained pretty well here imvho

now, I understand it's one person's view of the situation, but still it does show the problems there are in and around the club....

https://www.kumb.com/article.php?id=44531

The Gold family holding, with Dan Cunningham becoming influential, is likely to remain in probate for six months after David Gold’s death, claims the Guardian article. Cunningham is Gold’s son in law and married to daughter Jackie. He was co-opted onto the board of West Ham United FC in January 2021, and then onto the board of WH Holding Ltd in November of that year.

It became known only this week that the Gold family wanted to hold onto their shares, which just adds to the limbo the club is in. There is even a suggestion that inheritance tax is an issue and could last for two years.

[Friend or Foé]

They aren’t going anywhere are they, slags.

To be fair, most of the chat and expectation over the last couple of years has been firmly based upon the upcoming LLDC deadline. At no point has anyone from the club said that they were going to sell up or move over. That’s purely stuff that has been over speculated to the point where some expected it to happen. Kretinsky investing in the club may well start takeover processes but it also falls in line with Sullivans acknowledgment and long time repeated plea for external investment in the club to help push it forward. Bit harsh to blame them for not moving on if they never promised it.

[ashbanki]

Let's be honest - All David Sullivan wanted was a cash injection and still keep control - The idea of a buyout when the repayment option runs out has just been trolled out to placate fan unrest,imo.

[Friend or Foé]

Let's be honest - All David Sullivan wanted was a cash injection and still keep control - The idea of a buyout when the repayment option runs out has just been trolled out to placate fan unrest,imo.

I’m not sure Sullivan has been trolling it ? We’ve managed that ourselves through blind hope.

[Tenbury]

I'm rapidly running out of threads that aren't stupendously depressing.