by Z175 » 25 Jan 2012 23:49
by TFF » 25 Jan 2012 23:52
by Platypuss » 26 Jan 2012 00:14
by Simon's Church » 26 Jan 2012 00:20
by rfc2001 » 26 Jan 2012 02:14
Z175 In my opinion the poll on the takeover is the wrong question.
As Brian McDermott said, beforehand the club was only going in one direction. Our wagebill alone last season was greater than all our income, so inevitably player sales were required to pay for the costs of existing as a football club.
But while we are happy with the prospect of investment, that doesn't mean we are not shitting about the future. Pompeys return to the court today is a stark warning over the consequences of non existant investors with no money.
My biggest concern is over the due diligence by PWC. I have worked for a similar firm on multinational DD and done big groups in a week. 2 months for a single company with sub 20m turnover with one asset and easily traceable revenue is ridiculous. This reminds me of when Peter Storie moaned at Peter Crouch for not understanding how long their Saudi bloke took for DD. He turned out to have no cash. So if you ask me the next two months are for Zingarevich and Samuelson to sell their deal to investors and raise the 25m. They have more chance with heads of terms agreed with SJM, but no guarantees they can get there.
So far we know Samuelson and Zingarevich failed to keep financial promises made to Everton.
We know Samuelson was involved with Fortress Sports Fund, a vehicle used to purchase Leeds Utd that refused to reveal their ultimate parent was Ken Bates until apparently 'selling up'... to Ken Bates.
We know Samuelson's tax structures work with Russian oligarchs involved the unfairly jailed Mikhail Khodokovsky and a money laundering investigation from the FBI.
We know Zingarevich is not a billionnaire but a full time executive and fund manager. We know of no involvement from Dad.
So what is your greatest worry about the proposed deal, whether you want it or not.
by Libertine » 26 Jan 2012 03:37
by Jackson Corner » 26 Jan 2012 04:57
by soggy biscuit » 26 Jan 2012 06:37
by paultheroyal » 26 Jan 2012 07:11
by roadrunner » 26 Jan 2012 07:11
by Silver Fox » 26 Jan 2012 08:17
by Maguire » 26 Jan 2012 08:20
by Tilehurst End » 26 Jan 2012 08:38
Jackson Corner You missed one option. Have no worries.
by Madstad to Nadderud » 26 Jan 2012 08:42
by westongeezer » 26 Jan 2012 08:45
by Dare to Dr£am » 26 Jan 2012 08:57
by cmonurz » 26 Jan 2012 08:58
by loyalroyal4life » 26 Jan 2012 09:08
by 79Royal » 26 Jan 2012 09:16
by Mr Angry » 26 Jan 2012 09:20