Ripe for a take over?

Hammies_Tash said:
Rob, his drive & ambition are to get to the PL which then opens his up his get out options. Im not so so sure that the rest of the EFL hold our Chairman in such high regard, I’ve worked in several EFL clubs, many to point to Boro historically paying too high wages, and one of the main drivers to the current financial issues in the championship. It’s a very common conversation that Mr Gibson is now driving more sustainability because financially he’s not a big fish anymore
Click to expand...
Most of the Championship is effectively bust. Do you agree? Middlesbrough are one of the few exceptions like Luton.
The present tv deal has been crippling and attempting to chase those on parachute money equally so.
 
I get that if Boro are in season 2 of the PL then someone would pay c£120m plus for a debt free club.
Gibson O’Neill would get their loans settled and Gibson would make a reasonable little profit on the c£90m he has injected as equity in total.
This is cheaper for a buyer than Newcastle was, which makes sense.
Rangers and Celtic are only better buys if in PL or better which is highly unlikely. Yanks need to understand they can’t re structure the world game by themselves.
I thought Rockliffe Training ground was owned by MFC, not Rockliffe Hall. I’m not sure why splitting club from GON would cause a problem.
I’m not sure a new owner would want or need to buy Rockliffe Hall, or why Gibson would be so desperate to get rid of it ( limited as it is)
I’d like Gibson to get his money back, but first of all we need promotion and then to stay up.No mean feats.
MFC in the Championship is loss making, debt ridden and worth literally nothing.
 
fmttmadmin said:
Most of the Championship is effectively bust. Do you agree? Middlesbrough are one of the few exceptions like Luton.
The present tv deal has been crippling and attempting to chase those on parachute money equally so.
Click to expand...
Give over Rob, MFC are in a terrible financial state.
Promotion and stability in PL could recover that, but the accounts don’t lie.
 
MVBoro said:
As long as he has a potential family member who is very keen on Boro (his daughter albeit maybe without his business nous), and bulkhaul continues to be successful, I think it will take a lot for him to sell (and not just money). I hope he stays for another 20 years at least.
Click to expand...
I don’t, I think he will sell rather than pass the burden on, not for a while yet but let’s face it this club is a hell of a financial burden.
 
The last American owner in the North East didn't really work out did it. I think a lot of fans get Dewey-eyed over the thought of a billionaire owner coming in but I have my reservations. I am a big admirer of Gibson, what he done in the 80/90s and throughout keeping us afloat with his own money, I really don't think he'll look back and see the club as a positive investment but he done it for the love of the club and the area. That being said, he cant run it forever and who else is going to take over? I doubt its going to be a local businessman, those days seem to be gone now. Would fans be happy to sell their souls for 5/6 years of investment and a trophy and the new owners lose interest? I suppose that's really what we got in the 04-07 albeit Gibson because a small player in a big time game.
 
I've no idea of he would sell or not but...

Only a couple of you have mentioned the fact that it's Gibson O'Neill, not just Gibson.

Can't think of any reason the training ground would be an issue in any sale. It's of no use to anyone else but the owner of MFC, as far as I can see.

It's highly unlikely that any buyer now would break us into the elite club of clubs who have a chance of winning something every season. We had our fun in the Juninho-Ravanelli era. That ship has now sailed.
 
If the Americans don’t like the position of the training facility, they might not like the position of the stadium, they might move it over to Manchester or Birmingham, somewhere like that?
 
fmttmadmin said:
Am afraid your assessment is wide of the mark. No debt at Boro is the message from Steve Gibson loud and clear.
Click to expand...
Don’t be silly Rob.
If GON converted the debt to equity, then MFC would have little other debt. But they haven’t, so there is massive debt to parent.
Steve Gibson may have no intention of calling it, but he may change, Bulkhaul may change and lots of other things could quickly change.
Gibson will want everyone to believe we are debt free, but the facts are he has not written it off or converted it to equity. There are clear implications if he did.
 
Super Bernie said:
I hope we don’t sell. We are never going to win the Premier League, so our best hope of trophies is via the cups (which is every clubs ambition in reality). I trust in Gibbo to get us to a point in the PL where we can realise winning something. Gibbo deserves some respect, to the point where if he decides to sell then so be it. If not, then I’m ok with that.

There are a few potentially big clubs that are ripe for investment with bigger support than ours….Leeds, Sheffield Wednesday and Sland. If Gibbo wanted to sell I would hate to think he was no longer part of the future.
Click to expand...
Sheff wed two club city, Middlesbrough and Teesside one club area
 
indeedido said:
Don’t be silly Rob.
If GON converted the debt to equity, then MFC would have little other debt. But they haven’t, so there is massive debt to parent.
Steve Gibson may have no intention of calling it, but he may change, Bulkhaul may change and lots of other things could quickly change.
Gibson will want everyone to believe we are debt free, but the facts are he has not written it off or converted it to equity. There are clear implications if he did.
Click to expand...

If he calls the debt in - I’m assuming there is little to zero chance of him getting anything back unless, as you say, we are in the Prem.

If that doesn’t happen, as a championship club our ‘value’ to a buyer is next to nothing isn’t it?
No buyer in the world would offer to clear the £110m debt …..

Counter intuitively - doesn’t that make it quite a good opportunity for someone?
 
I’ve heard Gibson say before that he’d sell but in truth who would want to buy the club? It doesn’t make money and isn’t an attractive proposition to investors. There is no one “banging his door down.”
I don’t get the Rockliffe thing either. Surely that’s one of the most attractive assets the club has?
 
I'd hate Boro to be purely a "business" akin to the likes of Ellis Short at Sunderland, the Glazers at Man Utd, Moshiri at Everton, and others, who have no interest in a club other than a potential payday. We have been lucky to have Boroboy Sir Steve, who's been owner/chairman from virtually boyhood to now middle age. We may never see Ravenelli, Juninho or Emerson again, but Gibson gave us those thrills, and we know our club is is in safe hands while he is there.

#UTB
 
indeedido said:
Don’t be silly Rob.
If GON converted the debt to equity, then MFC would have little other debt. But they haven’t, so there is massive debt to parent.
Steve Gibson may have no intention of calling it, but he may change, Bulkhaul may change and lots of other things could quickly change.
Gibson will want everyone to believe we are debt free, but the facts are he has not written it off or converted it to equity. There are clear implications if he did.
Click to expand...
indeedido - I know this sounds weird but Steve Gibson spoke to me this week and this was a part of what he had to say - he wanted to let you know that this is not a correct assessment by you - he tells you to look at Gibson O'Neil holding company to see the correct picture.
 
You must log in or register to reply here.
Back
Top