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Post by oufcyellows on May 10, 2017 12:14:59 GMT
There are probably only a handful of clubs in the country that it isn't the case for. Even the middlesbroughs and Brighton of this world are heavily funded by their owners. True, but last season after all their bills were paid from the previous season they were left with 40 million which is great but that will be spent and more before next season and then there will be the FFP fine which they will have. I know it's nice having a mega rich funding and non profit making club, but as you say there are others but eventually people get bored. I hope if this takeover is successful DE is still here and JS spends wisely which obviously will mean overspending but not tona silly amount but enough to get MAPP to get who he needs to get us into the championship sort out a 4th stand and make us a sustainable club in tithe championship.........then who knows. Sunderland will be paid £100m for finishing last in the prem this season. Suddenly those bills don't looks so bad. Brightons owner said he is paying £2m a month and couldn't afford to do it again but it's worth the gamble, and it's paid off massively he's got that back plus plenty on top
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Post by Mark on May 10, 2017 12:17:22 GMT
Quite a similar background to Eales in fact - Eales was chair of Lloyds Development Corporation for many years, the private equity arm of the bank. Not that similar really. Eales was a salaryman, investing the bank's money. Sartori has built up a billion-plus dollar business using his own money... I don't really know much of Sartori's background but if I understand it correctly, he set up an asset management firm specialising in small cap firms at 22 and quit by 26 having made clients and himself a lot of money, then set up his current firm which invests mainly in Latin America. Where Eales may not have been investing his own money with LDC, he was chairman of a billion dollar company specialising in private equity mid-market companies. So they have a lot more business background in common than for instance Kassam as a hotelier and property, Lenagan from IT.
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Post by Yellow River on May 10, 2017 12:18:23 GMT
So having taken a morning to digest all the info I think it's pretty clear a deal in principle ha been struck between Sartori and Eales to buy the club/be the main shareholder Sartori just needs to convince Kassam to sell him the stadium. There's no point buying the club without the ground we would never be sustainable. Do it nice or do it twice. There's been a lot of people hoping DE stays on in some format if sold. I personally think he may step into the vacant Chief Executive slot with GBT stepping down. He's enjoyed his time here so far and would have thought he wants to be part of our success going forward. The retained list has now been pushed back to the start of next week. That's clearly to see who owns the club and what deal is on the table for MApp budget wise. I don't know much about Sartori but I would hope he is the money man and DE controls the day to day running of the club. That's the ideal situation here. I agree with that but after owning the club I can't see Eales working as an employee. He's an entrepreneur now, not an employee. I'd also be surprised if DE suddenly agreed to be a paid employee at a club he used to own, highly unlikely in my view. He might however stay on for a few weeks/months to help with the logistics of a takeover.
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Post by oufcyellows on May 10, 2017 12:18:29 GMT
So having taken a morning to digest all the info I think it's pretty clear a deal in principle ha been struck between Sartori and Eales to buy the club/be the main shareholder Sartori just needs to convince Kassam to sell him the stadium. There's no point buying the club without the ground we would never be sustainable. Do it nice or do it twice. There's been a lot of people hoping DE stays on in some format if sold. I personally think he may step into the vacant Chief Executive slot with GBT stepping down. He's enjoyed his time here so far and would have thought he wants to be part of our success going forward. The retained list has now been pushed back to the start of next week. That's clearly to see who owns the club and what deal is on the table for MApp budget wise. I don't know much about Sartori but I would hope he is the money man and DE controls the day to day running of the club. That's the ideal situation here. Not so sure , stayin on as a director with a small percentage maybe, I'm not sure Day to day running is Darryls thing. Communication, press releases and such were much better when he had ma doing it for him and appointing the key staff to run the business
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Post by mcf86 on May 10, 2017 12:21:12 GMT
Any way I haven't read all this thread so if it's been mentioned before then apologies, thought Kuntsam would only sell to a community group and not an individual. Always read the small print mate, especially when it's on the back of the contract. Na take what the OGB say's with a grain or two of salt, money talks and no less so with the Grenoble roads owner. ''Right'' price = Deal!!
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Sartori
May 10, 2017 12:23:10 GMT
via mobile
Post by bazzer9461 on May 10, 2017 12:23:10 GMT
True, but last season after all their bills were paid from the previous season they were left with 40 million which is great but that will be spent and more before next season and then there will be the FFP fine which they will have. I know it's nice having a mega rich funding and non profit making club, but as you say there are others but eventually people get bored. I hope if this takeover is successful DE is still here and JS spends wisely which obviously will mean overspending but not tona silly amount but enough to get MAPP to get who he needs to get us into the championship sort out a 4th stand and make us a sustainable club in tithe championship.........then who knows. Sunderland will be paid £100m for finishing last in the prem this season. Suddenly those bills don't looks so bad. Brightons owner said he is paying £2m a month and couldn't afford to do it again but it's worth the gamble, and it's paid off massively he's got that back plus plenty on top I agree mate but how much of that 100million will Sunderland have to pay out on debts they incurred last season? If Brighton were paying 2 million a month in wages to get to the Premiership that could be a well spent debt with their creditors was now and sponsorship and their tv rights it could work in their favour. If we are taken over I would like the think JS will spend but be prudent rather than have us heavily in debt. I remember when Redknap took over at QPR and he moaned at their wage bil of 14 million yet at the end of the season he transformed it into 65 million. All that debtjust saying
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Sartori
May 10, 2017 12:23:49 GMT
m likes this
Post by Gary Baldi on May 10, 2017 12:23:49 GMT
The Mail seem to suggest that Satori has spoken to OxVox about the deal. I'd be interested to see what would happen with the RTB if Kassam and Satori could come to a deal. Would the desire for community ownership step in above a potential deal?
As when DE took over, I remain steadfastly open minded but am still concerned about the ongoing debt associated to the club. Let's see how it unfolds in the coming days
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Post by mcf86 on May 10, 2017 12:24:36 GMT
So having taken a morning to digest all the info I think it's pretty clear a deal in principle ha been struck between Sartori and Eales to buy the club/be the main shareholder Sartori just needs to convince Kassam to sell him the stadium. There's no point buying the club without the ground we would never be sustainable. Do it nice or do it twice. There's been a lot of people hoping DE stays on in some format if sold. I personally think he may step into the vacant Chief Executive slot with GBT stepping down. He's enjoyed his time here so far and would have thought he wants to be part of our success going forward. The retained list has now been pushed back to the start of next week. That's clearly to see who owns the club and what deal is on the table for MApp budget wise. I don't know much about Sartori but I would hope he is the money man and DE controls the day to day running of the club. That's the ideal situation here. Not so sure , stayin on as a director with a small percentage maybe, I'm not sure Day to say running is Darryls thing. Communication, press releases and such were much better when he had ma doing it for him and appointing the key staff to run the business Will DE be acquainting Mr Sartori with the fine art of pouring pints and handing out free hot dogs?
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Post by The Fence End on May 10, 2017 12:25:21 GMT
I wonder if Sartori's interest in the ground has anything to do with the fact Oxford has some of the most valuable real estate outside of London?
Also a previous poster said that he introduced Stewart Donald to Sartori - what's Donald's role in this?
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Post by bazzer9461 on May 10, 2017 12:25:50 GMT
Any way I haven't read all this thread so if it's been mentioned before then apologies, thought Kuntsam would only sell to a community group and not an individual. Always read the small print mate, especially when it's on the back of the contract. Na take what the OGB say's with a grain or two of salt, money talks and no less so with the Grenoble roads owner. ''Right'' price = Deal!! I wonder what Oxvox make of it? Over a year in talks with Kuntsam for a supposed community owned stadium
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Sartori
May 10, 2017 12:26:16 GMT
via mobile
Post by bazzer9461 on May 10, 2017 12:26:16 GMT
Not so sure , stayin on as a director with a small percentage maybe, I'm not sure Day to say running is Darryls thing. Communication, press releases and such were much better when he had ma doing it for him and appointing the key staff to run the business Will DE be acquainting Mr Sartori with the fine art of pouring pints and handing out free hot dogs? Bloody well better
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Sartori
May 10, 2017 12:26:40 GMT
via mobile
Post by ricey on May 10, 2017 12:26:40 GMT
Map has a great relationship with Eales - if Eales leaves Mapp will follow. Maybe a new chairman will be grreat, maybe they will bring in another brilliant manager who knows, I would much prefer to keep Eales and Mapp and let them finish what they started. Surely they would both move on to another football club?
It's exciting and nervous times all at the same time!!
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Post by oufcyellows on May 10, 2017 12:30:34 GMT
Map has a great relationship with Eales - if Eales leaves Mapp will follow. Maybe a new chairman will be grreat, maybe they will bring in another brilliant manager who knows, I would much prefer to keep Eales and Mapp and let them finish what they started. Surely they would both move on to another football club? It's exciting and nervous times all at the same time!! And on the flip of that, if Darryl can't raise the budget to that top 6 level or higher mapp would go anyway. Almost Definitely next season if he did achieve promotion, as his stock would be high, and we would have no where near a budget to compete.
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Post by ZeroTheHero on May 10, 2017 12:31:25 GMT
Always read the small print mate, especially when it's on the back of the contract. Na take what the OGB say's with a grain or two of salt, money talks and no less so with the Grenoble roads owner. ''Right'' price = Deal!! I wonder what Oxvox make of it? Over a year in talks with Kuntsam for a supposed community owned stadium I'd imagine (well, know!) that OxVox will want what is best for the club. Given that the Right to Bid (or whatever it's called) is still in place, you would imagine that IF Sartori wants to buy the stadium as well and IF Kassam agrees then OxVox would also be told what the plans and guarantees are for the stadium going forward. If indeed it is to be our home in the long term. If OxVox's talks about the Community Ownership come to nothing that is an outcome that was possible all along - but it might stall for very different reasons than we expected!
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Post by Mark on May 10, 2017 12:32:34 GMT
Also of interest if Sartori is meeting Kassam, how these high-rollers will hit it off ? Kassam has had things his own way for well over a decade now, making money on the Manor, squeezing the pips out of Lenagan and then Eales, but Sartori is in a different league.
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Post by ZeroTheHero on May 10, 2017 12:35:08 GMT
Map has a great relationship with Eales - if Eales leaves Mapp will follow. Errm - surely that depends on what DE leaves in order to do! If he has found funding a L1 club difficult even with decent player sales, good cup runs and 2 Wembley appearances then I doubt he is suddenly going to buy a Prem/Championship club to install Appleton as manager there! He may well decide that he has had his bit of adventure in the world of football club ownership and go on to something entirely different.
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Post by Toeby on May 10, 2017 12:38:41 GMT
Let's all calm down. Don't believe everything you read in the OM. It's a slow news week. They've nothing else to speculate about. How do they know Sartori has made an offer or that he's meeting with Kassam in Monacco? They don't. They're spinning a story to sell papers. Never good to like your own posts mate 😉 I agree, it's a bit sad and insecure.
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Post by Si Bradbury on May 10, 2017 12:39:20 GMT
Let's all calm down. Don't believe everything you read in the OM. It's a slow news week. They've nothing else to speculate about. How do they know Sartori has made an offer or that he's meeting with Kassam in Monacco? They don't. They're spinning a story to sell papers. I think the media know a lot more than they're letting on. Let's see what stories run tomorrow and throughout the week. I would be certain that they would have had the respect to talk to Daryl, despite his 'unavailable to comment' stance.
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Post by tatabanya on May 10, 2017 12:40:50 GMT
Map has a great relationship with Eales - if Eales leaves Mapp will follow. Unsubstantiated hot air.
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Sartori
May 10, 2017 12:46:28 GMT
via mobile
Post by bazzer9461 on May 10, 2017 12:46:28 GMT
I wonder what Oxvox make of it? Over a year in talks with Kuntsam for a supposed community owned stadium I'd imagine (well, know!) that OxVox will want what is best for the club. Given that the Right to Bid (or whatever it's called) is still in place, you would imagine that IF Sartori wants to buy the stadium as well and IF Kassam agrees then OxVox would also be told what the plans and guarantees are for the stadium going forward. If indeed it is to be our home in the long term. If OxVox's talks about the Community Ownership come to nothing that is an outcome that was possible all along - but it might stall for very different reasons than we expected! It seems to me like what I thought before Kuntsam has strung Oxvox along, unless off course they knew all along that JS was going to buy
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Post by Si Bradbury on May 10, 2017 12:49:03 GMT
Regarding purchasing the stadium, whilst no doubt everything has a price, I don't know how many times Mr Kassam has to say he won't sell it any 'one' individual/businessman. Therefore, if that is a 'red line' for any Sartori bid, then it might not happen and everyone can blame Firoz Kassam.........(that would be convenient)
Anyways, why didn't the Chinese deal come off?
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Post by oufcyellows on May 10, 2017 12:49:42 GMT
I'd imagine (well, know!) that OxVox will want what is best for the club. Given that the Right to Bid (or whatever it's called) is still in place, you would imagine that IF Sartori wants to buy the stadium as well and IF Kassam agrees then OxVox would also be told what the plans and guarantees are for the stadium going forward. If indeed it is to be our home in the long term. If OxVox's talks about the Community Ownership come to nothing that is an outcome that was possible all along - but it might stall for very different reasons than we expected! It seems to me like what I thought before Kuntsam has strung Oxvox along, unless off course they knew all along that JS was going to buy So Kassam has been stringing them along, knowing that in the mean time he would keep getting rent, and a potential super rich owner would appear and offer him money for the stadium ?
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Post by Si Bradbury on May 10, 2017 12:50:03 GMT
I'd imagine (well, know!) that OxVox will want what is best for the club. Given that the Right to Bid (or whatever it's called) is still in place, you would imagine that IF Sartori wants to buy the stadium as well and IF Kassam agrees then OxVox would also be told what the plans and guarantees are for the stadium going forward. If indeed it is to be our home in the long term. If OxVox's talks about the Community Ownership come to nothing that is an outcome that was possible all along - but it might stall for very different reasons than we expected! It seems to me like what I thought before Kuntsam has strung Oxvox along, unless off course they knew all along that JS was going to buy You haven't got an absolute clue. Come to the OXVOX AGM at the end of the month, you might learn something.
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Post by oufcyellows on May 10, 2017 12:51:11 GMT
It seems to me like what I thought before Kuntsam has strung Oxvox along, unless off course they knew all along that JS was going to buy You haven't got an absolute clue. Come to the OXVOX AGM at the end of the month, you might learn something. Noooo I might end up sat next to him 😉
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Post by behindthegoal on May 10, 2017 12:54:01 GMT
If DE cant afford to run OUFC how the heck was going to run Birmingham city fc?
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Sartori
May 10, 2017 12:54:18 GMT
via mobile
Post by bazzer9461 on May 10, 2017 12:54:18 GMT
It seems to me like what I thought before Kuntsam has strung Oxvox along, unless off course they knew all along that JS was going to buy You haven't got an absolute clue. Come to the OXVOX AGM at the end of the month, you might learn something. What for? All these said was that Oxvox have been in talks for over a year as Kuntsam will not sell to an individual but a community back group m, so did Kuntsam know for some time that JS may buy Kuntsam out if so we're Oxvox informed of this way back or has this just come to light in the last 48 hrs or so. Honest question, and if JS is successful then I hope he is for the good of OUFC
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Post by myles on May 10, 2017 13:10:46 GMT
You haven't got an absolute clue. Come to the OXVOX AGM at the end of the month, you might learn something. What for? Yeah, heaven forbid you should try and actually learn something....
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Post by foley on May 10, 2017 13:18:36 GMT
Map has a great relationship with Eales - if Eales leaves Mapp will follow. Maybe a new chairman will be grreat, maybe they will bring in another brilliant manager who knows, I would much prefer to keep Eales and Mapp and let them finish what they started. Surely they would both move on to another football club? It's exciting and nervous times all at the same time!! Sorry but what a load of nonsense. MAPP is no idiot. If he gets the funding to give the club a serious chance of getting promoted then unless he gets a much better offer (Norwich for example), why on earth would he leave. As other shave said his stock is pretty high at the moment. Another Promotion under his belt, developing players and playing attractive football would put him in an even better position (and MAPP seems to me to be a very ambitious manager).
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Post by The Fence End on May 10, 2017 13:19:42 GMT
Regarding purchasing the stadium, whilst no doubt everything has a price, I don't know how many times Mr Kassam has to say he won't sell it any 'one' individual/businessman. Therefore, if that is a 'red line' for any Sartori bid, then it might not happen and everyone can blame Firoz Kassam.........(that would be convenient) Anyways, why didn't the Chinese deal come off? Something went Wong.
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Post by paulbeasley on May 10, 2017 13:20:28 GMT
Regarding purchasing the stadium, whilst no doubt everything has a price, I don't know how many times Mr Kassam has to say he won't sell it any 'one' individual/businessman. Therefore, if that is a 'red line' for any Sartori bid, then it might not happen and everyone can blame Firoz Kassam.........(that would be convenient) Anyways, why didn't the Chinese deal come off? FK also said he would never sell the football club without the ground.
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