Various: Mike Ashley in talks with Sheikh Khaled bin Zayed Al Nehayan

Chelsea are valued at £2.5 billion ?

Chelsea are valued at £2.5 billion ?

 

We’re a bargain at £300M.

This is why we're never really for sale, if we were we'd be clearly marked as RRP £1000m, reduced to £500m 50% off, Now £300m Final Clearance Sales all stock must go! And a free pair of Donnay Socks.

Chelsea are valued at £2.5 billion ?

 

We’re a bargain at £300M.

we aren't like .all the merchandise is tied to SD for on 10 year rolling deals. All the rest of the deals are hived off to companies on long contracts like catering etc. we need £100m spending on the training ground and ground. asking price is always £50m more than what it is worth under Mike.

The Glazers’ have rejected a bid from Saudi Arabia for Man Utd.

Man Utd are dead, buy us instead.

Saudis ffs

Chelsea are valued at £2.5 billion ?

 

We’re a bargain at £300M.

we aren't like .all the merchandise is tied to SD for on 10 year rolling deals. All the rest of the deals are hived off to companies on long contracts like catering etc. we need £100m spending on the training ground and ground. asking price is always £50m more than what it is worth under Mike.

Can you post details of those deals?  Also why does the ground need so much spending on it?  I mean Stamford bridge is a shit tip.

Rumoured to be “saving” Liam Gallagher’s Pretty Green now. Quality has been reducing over the last few years but it’s still better than the tat he’d put out.

Rumoured to be “saving” Liam Gallagher’s Pretty Green now. Quality has been reducing over the last few years but it’s still better than the tat he’d put out.

Pretty Grimm.

What does any of that mean?

What does any of that mean?

https://news.sky.com/story/gallaghers-pretty-green-to-become-latest-fashion-victim-11672738

https://www.chroniclelive.co.uk/sport/football/football-news/newcastle-set-up-internal-due-16016623

"Newcastle United will make any interested parties undergo their own version of internal due diligence before they allow them access to the club’s books or to present proposals for a takeover."

But, but, I thought Mike said it was no longer for sale??!!

Chelsea are valued at £2.5 billion ?

 

We’re a bargain at £300M.

In fairness Chelsea have a fuckload of the promising youth worldwide on their books and the players alone will probably be worth not far of that at some point. Chelsea will sell them for nowt though then they'll end up at a rival after a couple of years whilst they go out and sign proven players for ridiculous fees.

https://www.chroniclelive.co.uk/sport/football/football-news/newcastle-set-up-internal-due-16016623

 

"Newcastle United will make any interested parties undergo their own version of internal due diligence before they allow them access to the club’s books or to present proposals for a takeover."

 

But, but, I thought Mike said it was no longer for sale??!!

 

I get the feeling Ashley is willing to sell but isn't actively pushing the club on the market. 

I get the feeling Ashley is willing to sell but would need to take the absolute piss out of any buyer before he'd agree.

As if Mike Ashley cares about what a buyer does with our facilities after he's gone FFS, the idea is ludicrous.

I get the feeling Ashley is willing to sell but would need to take the absolute piss out of any buyer before he'd agree.

 

As if Mike Ashley cares about what a buyer does with our facilities after he's gone FFS, the idea is ludicrous.

He'll probably care more when he sells up, since he'll have his hamfist in every commercial pie going at the club.

Wish Ashley bought His beloved Chelsea before Roman did man.

I get the feeling Ashley is willing to sell but would need to take the absolute piss out of any buyer before he'd agree.

 

As if Mike Ashley cares about what a buyer does with our facilities after he's gone FFS, the idea is ludicrous.

 

He'll probably care more when he sells up, since he'll have his hamfist in every commercial pie going at the club.

Yeah, he'll care that he keeps the retail revenue or something, but he won't care about training ground investment.

Chelsea are valued at £2.5 billion ?

 

We’re a bargain at £300M.

we aren't like .all the merchandise is tied to SD for on 10 year rolling deals. All the rest of the deals are hived off to companies on long contracts like catering etc. we need £100m spending on the training ground and ground. asking price is always £50m more than what it is worth under Mike.

 

Can you post details of those deals?  Also why does the ground need so much spending on it?  I mean Stamford bridge is a shit tip.

the ground needs expanding at the gallowgate end. unless you are advocating moving to a new one?

https://www.telegraph.co.uk/business/2019/03/27/curtain-pulled-back-mike-ashleys-retail-wizardry/

The curtain is being pulled back on Mike Ashley's retail wizardry

    Ben Marlow Executive Business Editor

27 March 2019 • 12:37pm

For a man who has spent a lifetime rummaging around the bargain bin, Mike Ashley’s pursuit of Debenhams risks turning into an eye-watering extravagance. That’s if it is even serious, of course.

Having tried every other trick in the book to prevent lenders taking control of the besieged chain, the burly tycoon has now said he is prepared to table a full takeover bid.

There’s just one problem: it would cost him a king’s ransom. And if there is one thing we do know about the mercurial billionaire, it’s that he rarely - if ever - pays full price for something, let alone over the odds.

A quick back-of-a-fag-packet calculation suggests it would cost Ashley close to £1bn to take control of Debenhams. That’s more than 30 times what the stockmarket currently thinks it's worth.

Ashley has already blown around £150m building a near-30pc stake in the chain. At the proposed 5p-a-share takeover price, he would need to find another £60m to buy out shareholders.

Sports Direct would also become liable for Debenhams’ debt pile, which stands at a towering £560m, and have to plug an immediate cash shortfall of about £150m. 

Ashley is in la-la land if he’s seriously considering such an outlay for a failing department store chain. After all, this is a retailer that has been racking up the profit warnings and is expected to fall into the red this year.

Debenhams store

Sure, we’ve heard many times about his grand plan to merge Debenhams with House of Fraser to create the “Harrods of the high street”, but that never sounded even remotely credible.

Indeed, according to several recent reports, House of Fraser stores are already in danger of becoming a dumping ground for excess Sports Direct tat. If this is Ashley’s plan for world domination, then it is probably going to need a serious rethink. There are only so many Lonsdale tracksuits and Dunlop umbrellas that UK consumers want.

Really this is all a massive distraction from the real issue: that Ashley is perilously close to being wiped out when Debenhams finalises a debt-for-equity refinancing with existing lenders.

When that happens in the coming weeks, he will be able to tell Sports Direct shareholders that he made every attempt to recoup those losses. But what they shouldn’t forget is that ultimately the tycoon took a big gamble and failed spectacularly.

And it’s not a punt that can be waved away as an isolated incident. Just hours after firing off its latest Debenhams missive, Ashley's offer for catalogue retailer Findel, where he is also sitting on some sizeable losses, was rejected.

Meanwhile, shares were suspended in Goals Soccer Centres, where he is the largest shareholder, over an unpaid VAT bill.

This may be the week that the curtain was pulled back on the tracksuit tycoon's reputation for unmatched retail prowess.

And he will take it all out on his punching bag that is NUFC. Expect more misery to come through from the massive stroppy cunt.

Hope it doesn't effect the Joelinton deal.

And he will take it all out on his punching bag that is NUFC. Expect more misery to come through from the massive stroppy cunt.

Was my first thought also. "Ashley is perilously close to being wiped out" - he will wipe our club out if that happens.

i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa

i'm trying to understand what kind of store house of fraser is and debenhams and their equivalent in the usa

Debenhams is a mid price department store, HoF used to be a level above before Lardlad got hold of it.