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February 8 2023 4.02am

Harris & Blitzer Interested in Utd

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View sydtheeagle's Profile sydtheeagle Flag England 25 Jan 23 12.53pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by Dubai Eagle

Another clickbait article this morning is saying that Everton is now up for sale at £500 million -

[Link]

I think you can be pretty certain Everton has been for sale for at least a year and Moshiri would probably get rid for whatever he could get. The problems funding the new stadium - among other things - make that pretty obvious. However, "for sale" is a meaningless term. Everyone and everything is probably for sale, if the right offer comes along. But it hasn't and it won't, at least for Everton.

That club is close to unsellable at this point. Their auditors have walked out, refusing to validate the books. Despite Moshiri's claims that he has the money to finish the stadium build himself, he's desperately looking for investors. The real ownership of Everton appears to be nefarious; how long before the PL really starts digging and what happens when they find the answers? And why has Everton borrowed so repeatedly and so much from what appears to be a "dark" fund? They say the PL has approved their sources of funding. The PL says it hasn't. The club is manager-less (and there doesn't seem to be a queue of prospects lining up to take the job); they're holding a fire-sale of players, and they can't even sign ones who've completed their medicals. With the club in that state, so close to a total meltdown, you couldn't find a buyer for two obvious reasons:

1. Because the due diligence would likely be close to impossible to complete to a satisfactory degree, and more importantly

2. Because if you wanted to buy Everton, given the state they're in (above) you'd do better to just let the whole thing melt down, then buy the club out of administration for a song.

Everton is in a bad, bad place and if you think it's bad now, I suspect it will get worse before it gets better. Relegation would be disastrous. It's also probably the least of their worries. I really don't think "total meltdown" is too strong a word for what may be coming.

 


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View Davepalace707's Profile Davepalace707 Flag Northumberland 25 Jan 23 1.18pm Send a Private Message to Davepalace707 Add Davepalace707 as a friend

Originally posted by sydtheeagle

I think you can be pretty certain Everton has been for sale for at least a year and Moshiri would probably get rid for whatever he could get. The problems funding the new stadium - among other things - make that pretty obvious. However, "for sale" is a meaningless term. Everyone and everything is probably for sale, if the right offer comes along. But it hasn't and it won't, at least for Everton.

That club is close to unsellable at this point. Their auditors have walked out, refusing to validate the books. Despite Moshiri's claims that he has the money to finish the stadium build himself, he's desperately looking for investors. The real ownership of Everton appears to be nefarious; how long before the PL really starts digging and what happens when they find the answers? And why has Everton borrowed so repeatedly and so much from what appears to be a "dark" fund? They say the PL has approved their sources of funding. The PL says it hasn't. The club is manager-less (and there doesn't seem to be a queue of prospects lining up to take the job); they're holding a fire-sale of players, and they can't even sign ones who've completed their medicals. With the club in that state, so close to a total meltdown, you couldn't find a buyer for two obvious reasons:

1. Because the due diligence would likely be close to impossible to complete to a satisfactory degree, and more importantly

2. Because if you wanted to buy Everton, given the state they're in (above) you'd do better to just let the whole thing melt down, then buy the club out of administration for a song.

Everton is in a bad, bad place and if you think it's bad now, I suspect it will get worse before it gets better. Relegation would be disastrous. It's also probably the least of their worries. I really don't think "total meltdown" is too strong a word for what may be coming.

Very interesting post. Looks like a few more pitch invasions coming up!

 


“You miss 100 per cent of the shots you don’t take”

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View dreamwaverider's Profile dreamwaverider Flag London 25 Jan 23 1.19pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

Originally posted by sydtheeagle

I think you can be pretty certain Everton has been for sale for at least a year and Moshiri would probably get rid for whatever he could get. The problems funding the new stadium - among other things - make that pretty obvious. However, "for sale" is a meaningless term. Everyone and everything is probably for sale, if the right offer comes along. But it hasn't and it won't, at least for Everton.

That club is close to unsellable at this point. Their auditors have walked out, refusing to validate the books. Despite Moshiri's claims that he has the money to finish the stadium build himself, he's desperately looking for investors. The real ownership of Everton appears to be nefarious; how long before the PL really starts digging and what happens when they find the answers? And why has Everton borrowed so repeatedly and so much from what appears to be a "dark" fund? They say the PL has approved their sources of funding. The PL says it hasn't. The club is manager-less (and there doesn't seem to be a queue of prospects lining up to take the job); they're holding a fire-sale of players, and they can't even sign ones who've completed their medicals. With the club in that state, so close to a total meltdown, you couldn't find a buyer for two obvious reasons:

1. Because the due diligence would likely be close to impossible to complete to a satisfactory degree, and more importantly

2. Because if you wanted to buy Everton, given the state they're in (above) you'd do better to just let the whole thing melt down, then buy the club out of administration for a song.

Everton is in a bad, bad place and if you think it's bad now, I suspect it will get worse before it gets better. Relegation would be disastrous. It's also probably the least of their worries. I really don't think "total meltdown" is too strong a word for what may be coming.


As this country's desperate economic crisis deepens and sucks many more people and companies down, I don't think Everton will be alone. We are in for a very turbulent few years in my view which could very well have a devastating re alignment of football's finances overall which may just have a silver lining attached for the future of the sport in years ahead.
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View doombear's Profile doombear Flag Too far from Selhurst Park 25 Jan 23 1.41pm Send a Private Message to doombear Add doombear as a friend

Originally posted by sydtheeagle

None of this is entirely surprising. The Glazers, whether by luck or judgment, appear to have finally hired the right manager and United is on the up. The fan protests have abated as a result, and owning the club is still a license of print money. The bad blood of recent years was likely their primary motivation to sell United; now peace has broken out (even if they're still not exactly popular with the fanbase) why would they let go of such a lucrative asset? Answer: they wouldn't.

What they really need is an investor to help fund the stadium rebuild in return for a minority share of the club. Out of the clear blue sky drops the answer to their prayers: Harris and Blitzer. They keep hold of their lucrative asset. United continues to progress on the pitch. Old Trafford is rebuilt. Everybody's happy.

The story isn't clickbait. It makes far too much sense for that.


Sorry Syd but isn't the clickbait article you are commenting on in Dubai Eagle's post saying that the Glazers want to SELL THE CLUB and do so ASAP? A sum of £8bn is being mooted (which is 10 times what they paid for the club. Has the turn in Man U's fortunes and the price Chelsea went for got the Glazers thinking that this would be a good time to take a profit and move on? Seems a bit strange to me.

Edited by doombear (25 Jan 2023 1.41pm)

 

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View sydtheeagle's Profile sydtheeagle Flag England 25 Jan 23 1.41pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by NEILLO

Moving the conversation along then.

Would people be happy with H and B selling to Textor ?

We already more or less know what life is like with H and B on board, what's the view of Textor taking ownership ?

If Harris and Blitzer's reported interest in United is genuine and the Glazer's accept their offer then presumably they would want/need to divest their share in Palace as quickly as possible. If that's the case, it certainly gives Textor a significant advantage in buying that share, since he's already in place and could thus make things happen more quickly than most. The fly in the ointment is whether he has the additional money (in the form of additional investors) that he requires in place to close the deal. If he does, things could move quickly. If he doesn't they'll move slowly unless another buyer who has the cash steps in. Presently, we know of no such interested third party.

To answer your question, on balance I'd be ok with Textor. Better the devil you know is part of it as I've said before, and I don't have any major issues with Eagle Football or its multi-club ownership model. To be clear, I don't personally particularly like that model, but it's the way the game is going and barking at the moon is pretty pointless. There is no reason to think Textor's ownership would be detrimental to Palace, and there is some evidence that he would be a more ambitious steward of the club than the present majority shareholders.

 


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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 26 Jan 23 11.52am Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

I think the big picture with the Americans is that they've got to know the club, its finances and challenges, intimately. And they clearly want out. We know they hired people to explore divestment, and we know they sniffed around Chelsea and Man U. That's a terrible sign on many levels given it's not soccer they dislike, but Palace.

We're just a bit stuck as a club right now. We need a rich person to come in who's willing to lose a few bob short term to allow the phoenix to rise.

 


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View sydtheeagle's Profile sydtheeagle Flag England 26 Jan 23 12.40pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by Ginger Pubic Wig

I think the big picture with the Americans is that they've got to know the club, its finances and challenges, intimately. And they clearly want out. We know they hired people to explore divestment, and we know they sniffed around Chelsea and Man U. That's a terrible sign on many levels given it's not soccer they dislike, but Palace.

We're just a bit stuck as a club right now. We need a rich person to come in who's willing to lose a few bob short term to allow the phoenix to rise.

I think there's a lot of truth in this post. I wouldn't go so far as to say they "dislike" Palace as that seems to me to be a personal term, but it'd be fair to say that they don't view us as an investment that fits with their strategy/priorities. Put another way, they appear to feel that they've bought a pup and now want to offload it. Of course, that's their own fault. At a minimum, their due diligence let them down because they've clearly ended up owning an asset that they didn't fully understand at the time of purchase.

You are right that this has left us stuck as a club. I don't think Harris and Blitzer would outright harm Palace. Doing so would be counter-productive as it would devalue their asset. But they are also not going to invest as required to drive the club forward (hence our lack of activity in a transfer market in which need to active). So we are more or less standing still, hoping for the best. Textor can see, and is frustrated by this. I suspect Parish is too on a personal level, but he's not going to publicly bite the hand that feeds.

I don't know that we need a billionaire to come in and buy us (although we probably do if we want to become a significantly bigger club). But we do need new owners. Until we get them (or unless Harris and Blitzer have a Damascene conversion regarding their view of Palace), at best we're going to remain stuck in the mud.

 


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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 26 Jan 23 3.07pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Originally posted by sydtheeagle

I think there's a lot of truth in this post. I wouldn't go so far as to say they "dislike" Palace as that seems to me to be a personal term, but it'd be fair to say that they don't view us as an investment that fits with their strategy/priorities. Put another way, they appear to feel that they've bought a pup and now want to offload it. Of course, that's their own fault. At a minimum, their due diligence let them down because they've clearly ended up owning an asset that they didn't fully understand at the time of purchase.

You are right that this has left us stuck as a club. I don't think Harris and Blitzer would outright harm Palace. Doing so would be counter-productive as it would devalue their asset. But they are also not going to invest as required to drive the club forward (hence our lack of activity in a transfer market in which need to active). So we are more or less standing still, hoping for the best. Textor can see, and is frustrated by this. I suspect Parish is too on a personal level, but he's not going to publicly bite the hand that feeds.

I don't know that we need a billionaire to come in and buy us (although we probably do if we want to become a significantly bigger club). But we do need new owners. Until we get them (or unless Harris and Blitzer have a Damascene conversion regarding their view of Palace), at best we're going to remain stuck in the mud.

Sorry I only meant dislike in an investment sense. I doubt they ever liked us or disliked us in a sporting sense particularly.

 


If you want to live in a world full of kindness, respect and love, try to show these qualities.

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View sydtheeagle's Profile sydtheeagle Flag England 26 Jan 23 8.16pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by dreamwaverider


As this country's desperate economic crisis deepens and sucks many more people and companies down, I don't think Everton will be alone. We are in for a very turbulent few years in my view which could very well have a devastating re alignment of football's finances overall which may just have a silver lining attached for the future of the sport in years ahead.
.

I'm not 100% sure I agree with that. Everton is in a mess because they've been horrendously badly run for a number of years now, not because of the global economic crisis. There's no doubt that the pandemic and downturn have made every club's financial situation worse, but let's be clear Everton has been so irresponsibly managed that the way they've acted, they'd be up the creek even in normal times.

A signal lesson that the opposite to your prediction may be true lies in Burnley. When they were relegated last year, many people (even a majority) predicted the club was going to fall apart under a tidal wave of debt and may drop straight through the Championship to another relegation. The reality? They're financially stable and top of the Championship with a return to the PL all but in the bag.

The truth is that Everton has achieved a quite unique and remarkable feat of mismanagement. They aren't the rule; they're the exception that proves it.

 


Sydenham by birth. Selhurst by the Grace of God.

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