Morgan on DIC

[Red Chilli]

Naive in the extreme.

Firstly the Sheik doesn't have much to do with this deal. DIC are the ones who will run the company if they take over not the Sheik. His family is the 100% shareholder in DIC but he doesn't run DIC. The Board run the company.

They are an investment company, they exist to make a profit and you don't do that by throwing £200m down the swanny.

Taken from their website under the investment strategy section "With a preference for Leveraged Buy Outs in Europe and North America , DIC focuses on opportunities where it can add value to the deal, and subsequently, the business."

For those not familiar with business double speak a "Leveraged Buy Out" is one that involves a mixture of equity (their money) and debt.

It was never mentioned about refinancing the debts, because they're probably isn't a need to, provided we're currently meeting our debt repayments. The club will continue to pay it's debts as they fall due.

And you call me naive
The Sheik owns DIC, if he wants something to happen do you really think the board would say "no"? If he didn't want the board to go ahead with a deal do you really think they'd just do it anyway.
If he wants he can disband the board at an instant, the board won't do anything without his approval, if you can't see that then you are naive.

Despite all your aggressive talk and all your quotes you have not provided ANY evidence that "the writing in black is spot on". You know nothing about the deal, Morgan knows nothing about the deal and the until you come to terms with this truth it's pointless even listening to you. Goodbye

[Chris]

Despite all your aggressive talk and all your quotes you have not provided ANY evidence that "the writing in black is spot on".

The fact the serial bull****ter Steve Morgan is his "back up" kind of says it all really mate.

[Rosco]

Why would he be told the specifics of the deal? It serves no purpose. He has no say in whether the deal goes ahead. I don't think he knows anything about this deal that isn't already on public record, in fact I'm sure of it.

There's not really a whole lot of specifics that aren't available from information already available. The price per share is the only thing that he may not be privy to.

He knows how many shares are for sale, it's all contained in the company accounts.

He knows that for every penny put into a club there must be a corresponding liability in the balance sheet either to a shareholder or a creditor. If we've sold all the shares it's possible for the company to sell in this deal (which is what is happening) the £150m is all that DIC will pay (according to his figures). At the rumoured £6k price that Moores was asking for it would be £191m. At the £4k price DIC were willing to pay at the beginning it would have been in the region of £120m. Morgan's figure of £150m lies somewhere in the middle, which is not really unusual since both parties will give a little in negotiations.

A portion of the £150m will go to Moores for his shares (that portion depends on how much he sells, he owns 17,923 shares), the rest will go to the club ( because of the as yet unissued shares in the company).

Another point to note is that if we've sold all the shares in the company the easiest way to raise money is through debt. Otherwise the share capital structure of the company needs to be altered.

[Red Chilli]

The fact the serial bull****ter Steve Morgan is his "back up" kind of says it all really mate.

I know, what is clear to me is that Morgan is pissed off because he hasn't bought the club so he's doing his best to sabotage this deal by trying, once again, to get the fans on his side. What a pillock.
He's the only person who has anything bad to say about this deal. He's like a spoilt child.

[Chris]

I know, what is clear to me is that Morgan is pissed off because he hasn't bought the club so he's doing his best to sabotage this deal by trying, once again, to get the fans on his side. What a pillock.
He's the only person who has anything bad to say about this deal. He's like a spoilt child.

Yep, he's a blert who cant be taken seriously at all. Just thankful he isnt in charge of our club.

[Rosco]

I know, what is clear to me is that Morgan is pissed off because he hasn't bought the club so he's doing his best to sabotage this deal by trying, once again, to get the fans on his side. What a pillock.
He's the only person who has anything bad to say about this deal. He's like a spoilt child.

Everyone laughed at him when he said the debts of the club were £80m.

He was right.

I'm 100% confident the deal will pan out as he says. It makes perfect financial sense.

There are some things being mentioned in past reports which simply aren't possible within the constraints of company law.

[enema of the state]

[enema of the state]

rosco are you zico from kt?

you seem a little bit too intelligent to be. Are you his dad?

[Assassin]

"My bid was pre-Istanbul, pre-Rafa Benitez settling into the club and pre-the Sky TV deal," Morgan said in an interview. "If I'd had a crystal ball and seen all these things in advance then maybe I should have done the deal at the time. Hindsight is a wonderful thing."

This is the only thing in the artical I reacted too. Typical Morgan bollocks, like he was in driving seat during his failed attempt to buy the club cheap. The man is a ****ing tool!!!

[Red_Polo]

Morgan on DIC

I was expecting gay porn.

[Rosco]

rosco are you zico from kt?

you seem a little bit too intelligent to be. Are you his dad?

No I'm not him mate. As for being his dad, I'm 24 so i doubt it.

I was lucky enough to study financial management (in relation to mergers and acquisitions) under a former Harvard professer during my degree.

[Rosco]

I was expecting gay porn.

Surely that would have made you turn away from this thread ?

[Shaggy]

Surely that would have made you turn away from this thread ?

Nope, didn't you know Red Polo is a homosexual?

[Rosco]

Nope, didn't you know Red Polo is a homosexual?

Is he good looking ?

[Rigadon]

He gave the interview on BBC 5live and came across very well.