Compulsory Purchase - 'the big 6'

C

Colgates_shaving_foam

Well-known member
In theory is there anything to stop the government voting through an act giving them powers to buy these clubs?

The clubs are based in England currently, surely we can just take them back from the foreign owners if we want?
 
Yes but there is not a cat in hells chance any MP would vote through the spending of hundreds of millions of pounds of public money to blow on a football club - it becomes a very moot point.
 
Gavin Williamson is currently failing spectacularly on Sky News to explain the range of powers the Government has at its disposal to bring these clubs into line.
 
The FA / premier league should put in rules to prevent leveraged buyouts as this would stop the club being burdened with the debt and hopefully force the debt onto the buyers.
 
Lightweight said:
The FA / premier league should put in rules to prevent leveraged buyouts as this would stop the club being burdened with the debt and hopefully force the debt onto the buyers.
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The first time I became aware of this in football was when Francis Lee bought Manchester City. I expect it has been going on for much longer than that.
 
Also all shareholders / owners should be easily discovered. There are a number of clubs who are now owned by subsidiary companies that have no easily identifiable owners. These companies are then sold off. This is down to poor governance historically by FA/ premier league, UEFA.
 
I think it’s a good idea, and most of these clubs are worthless on paper, maybe come to an arrangement like offer to pay off 10% of their debts as goodwill.

Compulsory purchase as an emergency Covid measure to help sustain the national sport as a competitive entity. They claim they are bust, this will give them an exit route with a bit of money, it’s a great deal for them.
 
Zoophonic said:
Yes but there is not a cat in hells chance any MP would vote through the spending of hundreds of millions of pounds of public money to blow on a football club - it becomes a very moot point.
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If he binned off nuclear weapons to pay for it I'd vote for him.
 
Fattyfoggon said:
apparently Jeremy Corbyn was keen on this approach while ago, that lad had some decent idea's ;)
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Those ideas adopted by the labour manifesto were drawn from Football Supporters Association - they are now finally being called forward by the government to take a big role in the review. I hope it is better late than never.. I hope.
 
HolgateCorner said:
I think it’s a good idea, and most of these clubs are worthless on paper, maybe come to an arrangement like offer to pay off 10% of their debts as goodwill.

Compulsory purchase as an emergency Covid measure to help sustain the national sport as a competitive entity. They claim they are bust, this will give them an exit route with a bit of money, it’s a great deal for them.
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These clubs are not worthless on paper. Any of them. (Boro are)
Arsenal have a nett Shareholder value of £500m and are valued on the market at over £2bn.
Tottenham nett value £340m, value £1.7bn
Chelsea nett shareholder val £511m, valued over £2bn
Liverpool nett shareholder value £248m
Manchester City nett value £756m.
It is true that Manchester United have only a nett shareholder value of £49m, but they are the exception not the rule and are still valued at well over £3bn.

City and Liverpool have not yet published accounts for year to mid 2020, the only ones not to do so.

The Glazers really are the worst of the lot here in terms of most cynical.
They take control of the club through leveraging, inject zero equity, take huge dividends and the club goes backwards on the pitch.
All five of the other clubs are far better balanced and the much maligned Manchester City regime have a fantastic football club.
What City have done is to truly invest in their club and its community.
What the Yanks have done at Liverpool and United is the scandal.
 
Could buy the lot for way less than the failed track & trace system and the government would get loads more good publicity from it.

Just the threat of saying 'we will forcibly buy these clubs from you to stop this act of cultural vandalism' would potentially be a game changer and kill the idea stone dead.
 
indeedido said:
These clubs are not worthless on paper. Any of them. (Boro are)
Arsenal have a nett Shareholder value of £500m and are valued on the market at over £2bn.
Tottenham nett value £340m, value £1.7bn
Chelsea nett shareholder val £511m, valued over £2bn
Liverpool nett shareholder value £248m
Manchester City nett value £756m.
It is true that Manchester United have only a nett shareholder value of £49m, but they are the exception not the rule and are still valued at well over £3bn.

City and Liverpool have not yet published accounts for year to mid 2020, the only ones not to do so.

The Glazers really are the worst of the lot here in terms of most cynical.
They take control of the club through leveraging, inject zero equity, take huge dividends and the club goes backwards on the pitch.
All five of the other clubs are far better balanced and the much maligned Manchester City regime have a fantastic football club.
What City have done is to truly invest in their club and its community.
What the Yanks have done at Liverpool and United is the scandal.
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I was being flippant but in those figures you quote there is a bit of creative accountancy involved I would suggest.

They are worth what somebody will pay.

You know, a football stadium like Spurs, other than the land, is not of great value. The players are assets but only short term. Hidden loans in the background. I’m not convinced any of them would stand up to scrutiny.

It would be interesting to see what the due diligence of a sale of any of these clubs would reveal.
 
Zoophonic said:
Yes but there is not a cat in hells chance any MP would vote through the spending of hundreds of millions of pounds of public money to blow on a football club - it becomes a very moot point.
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I agree with what you're saying... but they are global brands of Britain ... it's strange
 
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