I would think they are testing the water a bit

they don't know anything about running a top level football club. This gives them a way to learn about it in the context of what is, objectively, a very well run club.

Buying a smaller stake initially costs them less, is therefore less risky, and gets them a seat on the board.

There could be more to the deal too, it could be Foulger's share plus subscribing for new shares - so could be more than 18%. Without that share subscription, NCFC don't get any cash at all.

We will see. As you say, there could well be an option for more equity in the future or something.

Posted By: SimonOTBC on May 31st 2022 at 14:04:23

Message Thread

Athletic reckons yank wants Foulger’s 18 per cent. Shame. Was hoping for a takeover (n/m) (NCFC) - thirsty work, May 31, 13:32:56
- major share-holders, I think (NCFC) - Henclrikus, May 31, 15:34:09
- Burnley have been taken over by Americans (NCFC) - ingi, May 31, 13:47:32
  - Good thing is, Delia would never agree to a deal like that (n/m) (NCFC) - SimonOTBC, May 31, 14:01:01
  - Yes, and no-one wants that (n/m) (NCFC) - jamesward, May 31, 13:48:57
- Can someone who understands investment tell me how this is (NCFC) - jamesward, May 31, 13:36:20
  - I suppose they get a foot in the door and place on the board but (NCFC) - Jim, May 31, 14:13:05
    - there are holes in the story (NCFC) - Henclrikus, May 31, 14:49:06
      - I agree. I'd assume they are negotiating an option to buy more shares in the future (NCFC) - Jim, May 31, 14:54:55
      - someone should probably look at how he has co-invested in the other sports team he owns (NCFC) - CWC, May 31, 14:54:39
        
        They bought the Mudcats in 2017. GIYLF (n/m) (NCFC) - Henclrikus, May 31, 14:58:48
        
        the Admirals, the hockey team he co-owns with others (NCFC) - CWC, May 31, 15:12:49
        
        Attanasio is not the "principal investor" of the Admirals (n/m) (NCFC) - Henclrikus, May 31, 15:57:42
        
        exacta-fucking-mundo (NCFC) - CWC, May 31, 18:08:53
        
        I doubt he will act the same as a secondary-investor (NCFC) - Henclrikus, May 31, 19:44:44
      - Good points (NCFC) - jamesward, May 31, 14:53:12
    - Irritating isn’t it I mean she’s 80 now hopefully a coordinated hand over period (n/m) (NCFC) - loz, May 31, 14:39:20
  - And then don't we move in to 'power struggle' territory? (NCFC) - norwaay, May 31, 13:47:14
    - I guess it all depends on the discussions that are taking place (NCFC) - jamesward, May 31, 13:51:30
      - I would think they are testing the water a bit (NCFC) - SimonOTBC, May 31, 14:04:23
        
        Lets be honest though, they won't be "testing the water" out of choice. (NCFC) - Jim, May 31, 14:31:53
        
        will be choice as they don't have to buy a minority stake (NCFC) - CWC, May 31, 14:38:54
        
        I can't even see any guarantee that he'd get his money back easily if he wanted to sell (NCFC) - SimonOTBC, May 31, 14:40:31
        
        me neither (NCFC) - CWC, May 31, 14:48:48
        
        Foulgers stake prob not worth a huge amount thouugh is it. Porbably only costing them (NCFC) - Jim, May 31, 14:53:47
        
        18% will cost a lot more than £2m surely (NCFC) - jamesward, May 31, 14:57:46
        
        It’s a minority stake though. (n/m) (NCFC) - Jim, May 31, 15:24:15
        
        And he may well need the cash for all we know (n/m) (NCFC) - Jim, May 31, 15:24:56
        
        Well that's a big question (NCFC) - camcan, May 31, 15:10:15
        
        I believe the club last valued them at £100 each (n/m) (NCFC) - Henclrikus, May 31, 15:44:47
        
        I think we all agree on that. Can't see why you would bother to acquire a (NCFC) - Jim, May 31, 14:44:13
        
        I don't think that's necessarily right (NCFC) - SimonOTBC, May 31, 14:35:03
        
        Yes, though any new share issue would almost certainly dilute D&M's share to (NCFC) - jamesward, May 31, 14:07:55
        
        Which is depressing. The owners just won’t let go. (n/m) (NCFC) - Jim, May 31, 14:17:37
        
        Would we really want them to sell to any tom, dick or harry? (n/m) (NCFC) - SimonOTBC, May 31, 14:18:38
        
        Well no but if it’s in the club interest and nothing to suggest… (NCFC) - loz, May 31, 15:11:03
        
        If they aren't chancers, they might be willing to prove that.... (NCFC) - SimonOTBC, May 31, 16:30:05
        
        That's where I thought we were looking at (NCFC) - camcan, May 31, 14:14:43
        
        It would, but unless they're going to put some cash in themselves.... (NCFC) - SimonOTBC, May 31, 14:12:13
      - Indeed. It feels like there is a direction to all of this. (n/m) (NCFC) - norwaay, May 31, 13:53:24
        
        It just doesn't feel very typical though (NCFC) - camcan, May 31, 14:13:34
        
        Yes, for me that wouldn't satisfy the Webber surprised and excited requirement (NCFC) - SimonOTBC, May 31, 14:16:06
        
        we've had the surprise (an investor!) and we've had the excitement (the speculation)) (n/m) (NCFC) - CWC, May 31, 14:41:15
        
        A "surprise" would be D&M either selling up or diluting their shareholding (NCFC) - jamesward, May 31, 14:19:01
        
        unless foulger donates the proceeds to the club (NCFC) - CWC, May 31, 14:42:55
        
        What has he paid for it? (NCFC) - SimonOTBC, May 31, 14:44:25
        
        £2 million in 2010/11 (80,000 shares @ £25 each) (n/m) (NCFC) - Henclrikus, May 31, 16:04:32
        
        Thanks (n/m) (NCFC) - SimonOTBC, May 31, 16:35:41
        
        dunno (NCFC) - CWC, May 31, 14:53:07
        
        Yeah, agree (NCFC) - SimonOTBC, May 31, 14:20:46
        
        Also, if I were the investor, I'd be nervous about how I'd get my money back (NCFC) - SimonOTBC, May 31, 14:18:02
        
        Yes, there needs to be a point to all this. (n/m) (NCFC) - norwaay, May 31, 14:14:48

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.