Rangers takeover: Deal agreed in principle

[Frankie 8,825]

A deal being agreed 'in principle' can be somewhat of a misnomer so the most interesting takeaway from this article for me is that it's suggested Park has agreed to sell his holding.

 

A less busy fixture schedule in March could help expedite matters.

[compo 7,655]

Good let's get the ball rolling 

[Uilleam 6,184]

It looks as though the show is finally on the road, with little to stop it, bar something unforeseen, and exceedingly nasty, emerging from due diligence. There do not appear to be any other impediments, given the shareholdings of those apparently, now, in the 'sale' camp. 

 

Of course, it would be unsurprising to find Certifiable Public Accountants from the East End endeavouring to divert, delay, or even derail the process, on absolutely no grounds whatsoever, beyond malice, and madness.  One of the few -the very few- things of which I am confident is that the new owners, and their consultants, and advisers, will treat any and all such attempts at intervention with the seriousness each deserves. 

 

However, if the deal falls, even at this late stage, and for whatever reason, we should be concerned about what would happen next. I don't mean merely that we should worry about the present custodians being forced to continue on the current road of travel, although it is at least arguable that that eventuality is significantly less than desirable. I mean that if some serious, heavy hitting, investors, sports investors, and sports business runners, can't make a proposal stick to the wall, what signal would this send out to 'the market' (if such exists)? Just how toxic, in economic/investment terms, would the Club become? 

 

That is a worry, and, thus, given the willingness to sell, investor fatigue, the unacceptable and unsustainable annual losses, the poor decisions on hiring and firing of players and staff, and the serial disasters on the field of play, I would suggest we are left with little option other than to back the takeover, and the new owners - and this irrespective of the many other concerns we may have. 

We have no control, and damned little influence, anyway. 

 

What's Joe Montana up to, these days?

 

 

 

 

 

 

 

 

 

 

 

Edited 15 hours ago by Uilleam

[Rousseau 11,422]

Too soon?

 

[Gribz 1,121]

1 hour ago, BEARGER said:

 

Does anyone know how much they have invested in Leeds are more importantly how much if anything they have taken out?

I dont know the figures taken out but I posted earlier in the thread that they started off with 11% in 2018 and didnt get a full takeover until mid 2023 which was a month after they were relegated to the Championship (IIRC Leeds value dropped).

 

But they have backed Daniel Farke with a solid Championship team only costing about 25 million but they raised funds of around 150 million in 2024 summer from selling the likes of Summerville to West Ham (25m), Archie Gray to Tottenham (38M) and Rutter to Brighton (42M) and Glenn Kamara was also sold for 10M Euros.  

 

Plus in 2022 when they had 44% Kalvin Phillips was sold for 50M. So Leeds should be quite cash rich without looking at the figures. 

 

They also had plans to expand Elland Road but thats dependant on being in the Premier League. 

[CammyF 9,120]

45 minutes ago, Uilleam said:

It looks as though the show is finally on the road, with little to stop it, bar something unforeseen, and exceedingly nasty, emerging from due diligence. There do not appear to be any other impediments, given the shareholdings of those apparently, now, in the 'sale' camp. 

 

Of course, it would be unsurprising to find Certifiable Public Accountants from the East End endeavouring to divert, delay, or even derail the process, on absolutely no grounds whatsoever, beyond malice, and madness.  One of the few -the very few- things of which I am confident is that the new owners, and their consultants, and advisers, will treat any and all such attempts at intervention with the seriousness each deserves. 

 

However, if the deal falls, even at this late stage, and for whatever reason, we should be concerned about what would happen next. I don't mean merely that we should worry about the present custodians being forced to continue on the current road of travel, although it is at least arguable that that eventuality is significantly less than desirable. I mean that if some serious, heavy hitting, investors, sports investors, and sports business runners, can't make a proposal stick to the wall, what signal would this send out to 'the market' (if such exists)? Just how toxic, in economic/investment terms, would the Club become? 

 

That is a worry, and, thus, given the willingness to sell, investor fatigue, the unacceptable and unsustainable annual losses, the poor decisions on hiring and firing of players and staff, and the serial disasters on the field of play, I would suggest we are left with little option other than to back the takeover, and the new owners - and this irrespective of the many other concerns we may have. 

We have no control, and damned little influence, anyway. 

 

What's Joe Montana up to, these days?

 

 

 

 

 

 

 

 

 

 

 

Yip, this is now the only show in town. We can have reservations over the takeover/investors but in reality, there is no plan B. 

 

Buckle up folks. 

[Bluedell 5,883]

2 hours ago, BEARGER said:

I think a lot of fans are at the stage they would accept just about anybody to take over.

Does anyone know how much they have invested in Leeds are more importantly how much if anything they have taken out?

Leeds aren't in a position to pay dividends so I doubt cash has been taken out.

 

Their balance sheet makes horrible reading as they have net liabilities in excess of £100m.

 

Interestingly enough, they are due to pay over £21m in bonuses if they get promoted!

[Bluedell 5,883]

3 hours ago, Frankie said:

A deal being agreed 'in principle' can be somewhat of a misnomer

Although if it's accurate then it's almost there, subject to due diligence being completed and not throwing up any curve balls and then subject to regulatory approval, which sounds like they have already got a verbal OK from the SFA.

[ranger_syntax 4,672]

How big is the war chest?

[onevision 1,618]

28 minutes ago, ranger_syntax said:

How big is the war chest?

just the usual....off the scale.