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2015 Takeover Thread


samjp26

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Well looks a done deal ..small hurdle of getting someone to give him 150mil but not a big deal ...

 

From Twitter 

 

Tony Adams is working Paul Smith, a former IMG and Chelsea executive; they've approached investment funds in recent weeks about a £150m bid.

 

IMG based in Cleveland .....

 

Mark Kleinman ‏@MarkKleinmanSky  2m

Adams and Smith want to buy Villa and stakes in clubs in Belgium, Italy and Portugal. They're in talks with Villa's bankers, I'm told.

Edited by Nabby
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http://news.sky.com/story/1479493/ex-arsenal-captain-adams-eyes-villa-takeover

 

The former Arsenal and England footballer Tony Adams has approached City investors about backing a £150m takeover of Aston Villa, the struggling Premier League club.
 
Sky News has learnt that Mr Adams has been working with Paul Smith, a former executive at Chelsea FC and IMG, the sports rights agency, on a possible bid.
 
They have approached a number of private equity and other investment firms in recent weeks in an effort to raise approximately £75m in new equity to finance an offer for Aston Villa.
 
The remainder of the funding for a takeover would probably be in the form of new debt, with a unit of Goldman Sachs understood to have been sounded out about providing the additional capital.
 
Mr Adams and Mr Smith are said to have formed a new company called Halo which they intend to use as a vehicle to acquire Aston Villa and minority stakes in other leading football clubs.
 
One City source said on Thursday that Portugal's Sporting Lisbon and Italy's Internazionale were among the other clubs in which Halo was likely to express an interest.
 
Brazil and Belgium are also among the national leagues that the vehicle was assessing, with Mr Adams and Mr Smith interested in establishing an international network that would create "a long supply chain of playing talent", a source said.
 
It is unclear whether they have yet secured financial backing for their plans.
 
Aston Villa has effectively been up for sale for more than a year, with Randy Lerner, the American tycoon who bought it for just over £60m in 2008, keen to offload it.
 
Mr Lerner has ploughed tens of millions of pounds into the West Midlands club, with some initial success in the form of several top six Premier League finishes.
 
However, recent seasons have seen Aston Villa reverting to a persistent battle against relegation.
 
Last year, Mr Lerner appointed Bank of America Merrill Lynch, to handle an auction of Aston Villa, and dozens of parties are since said to have lodged an interest.
 
Halo has been given access to a data room holding information on Aston Villa's finances, although its bid is not understood to be the current frontrunner of those remaining in the process, sources indicated on Thursday.
 
Mr Lerner's advisers will wait until Aston Villa's Premier League fate is resolved before holding further serious talks with any of the remaining potential buyers, who also include at least one US-based consortium, according to insiders.
 
The club currently stand 14th in the table but are only two points clear of the relegation zone with three games left.
 
Relegation from English football's top flight could have a profound impact on the value of Aston Villa, partly because a new £5bn-plus television rights deal (partly funded by Sky plc, the owner of Sky News) is due to begin in the 2016-17 season.
 
Regarded as one of Arsenal's best-ever players, Mr Adams has since had an indifferent stint in football management, initially with Wycombe Wanderers and more recently in Azerbaijan.
 
Coincidentally, Arsenal and Aston Villa will meet later this month in the FA Cup Final at Wembley.
 
Neither Mr Adams nor Mr Smith could be reached for comment, while BAML declined to comment.
 
Aston Villa is not the only Premier League club expected to change hands in the next few months.
 
Crystal Palace has been discussing a capital injection led by a group of wealthy Wall Street financiers, while Tottenham Hotspur and Queens Park Rangers have also been linked with potential takeovers.

 

 

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Strange, but if this group is also looking to invest in Sporting and Inter, perhaps it shows they have some serious-ish cash backing them. Don't like the idea of them buying us with a loan though.

 

Little bit underwhelming and bizarre.

 

Kind of hoping that this is just something to flush out some more serious buyers.

Edited by MessiWillSignForVilla
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"Halo has been given access to a data room holding information on Aston Villa's finances, although its bid is not understood to be the current frontrunner of those remaining in the process, sources indicated on Thursday."

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From Twitter:

“@SkyNewsBreak: Sky Sources: former #Arsenal captain Tony Adams is seeking backing for an Aston Villa takeover bid #AstonVilla”

Trying to distract us before the cup final maybe?

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