New money at West Ham
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 Omph  Liverpool 12 Nov 21 8.07am |
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This one is flying under the radar but could be significant WH have sold 27% of the shares to a Czech billionaire for 180 to 200 mill. That is a lot of cash into the transfer kitty as it's not as if they need to upgrade stadium. While it's being denied there is also every chance of a full takeover down the line. They just need to wait to post 2023 to avoid getting penalised. Strange to think this is a higher valuation than Newcastle.
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| Badger11 Beckenham 12 Nov 21 8.19am |
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Originally posted by Omph
This one is flying under the radar but could be significant WH have sold 27% of the shares to a Czech billionaire for 180 to 200 mill. That is a lot of cash into the transfer kitty as it's not as if they need to upgrade stadium. While it's being denied there is also every chance of a full takeover down the line. They just need to wait to post 2023 to avoid getting penalised. Strange to think this is a higher valuation than Newcastle. Newcastle's problem was always the amount of debt they had. Ashley wanted that and a profit for the club I don't know what he settled for in the end.
One more point |
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| Omph Liverpool 12 Nov 21 8.38am |
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Originally posted by Badger11
Newcastle's problem was always the amount of debt they had. Ashley wanted that and a profit for the club I don't know what he settled for in the end. Fair point re debt. West Ham have a stonking debt pile right now (larger than Newcastle's was) and you'd think some of the new money will go into reducing that a touch. But football clubs like countries run on debt so can't see a massive amount being pushed into clearing it.
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| chris123 hove actually 12 Nov 21 8.56am |
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Originally posted by Omph
This one is flying under the radar but could be significant WH have sold 27% of the shares to a Czech billionaire for 180 to 200 mill. That is a lot of cash into the transfer kitty as it's not as if they need to upgrade stadium. While it's being denied there is also every chance of a full takeover down the line. They just need to wait to post 2023 to avoid getting penalised. Strange to think this is a higher valuation than Newcastle. Selling shares is not cash into the kitty.
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| nobody sussex 12 Nov 21 9.26am |
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How much of that will Sullivan be able to trouser ??
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| Omph Liverpool 12 Nov 21 9.38am |
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Originally posted by chris123
Selling shares is not cash into the kitty. How do you think we spent so much this season? It was Textor cash input. Possible of course that Gold and Sullivan will simply walk away with the boodle but given this is a precursor to a take-over there will in all probability an agreement as to how the money will be invested. You don't put 200 million into a club to become the second highest shareholder to be a name on the letterhead. Edit: And it should be money into the kitty in any event as it was an issue of new shares I believe and not the sale of shares by existing shareholders. West Ham will have a business plan on how to spend the windfall - debt reduction will come into it but they are also serious - with reason - of a top 6 finish this time and cementing their place as the best of the rest much in the same way Moyes' Everton were.
Edited by Omph (12 Nov 2021 9.50am)
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PalazioVecchio  south pole 12 Nov 21 1.18pm |
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Who else could sell Alan Pardew at a high price ?
Eze Peasy at Anfield.... |
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 Foxy0208 Blackpool 12 Nov 21 7.08pm |
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This seems to suggest he has bought existing shares.
Some people think football is a matter of life and death. I don't like that attitude. I can assure them it is much more serious than that. |
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grumpymort  US/Thailand/UK 19 Nov 21 2.35pm |
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Not sure why people are going on about debts. This is how business works you dont balance the books or just store cash its about manageable debts which is what FFP is about as well. In West Ham case yes they will have money to spend. I agree with another persons comment a lot of people like to mention Mike Ashley but business wise he does very well making good choices for him to benefit from.
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| Omph Liverpool 20 Nov 21 5.09am |
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Can't find anything explicit but pretty sure it is via a new rights issue - all the current shareholders (including minority holders) have seen their holdings reduce and that most likely means a rights issue as improbable that everyone sold shares to him.
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