Chelsea Have Been Bought!!!!

Gooner14 · 2 Jul 2003 at 00:21

Originally posted by Jazz
tbh i have no idea dude. I was just taking a guess. I dont know how much arsenal are worth thats coz we arent on the stock exchange like man utd. We dont know what other assets we have, unlike man utd who have to basically reveal everything

in his bead

also ive heard papa smurf has made £18mill out of this deal

Right Arsenal are on the stock market, but there not if that makes sense!!

shares are out there but aren't really there for every 'tom, dick or harry'!!

Just wondering now what old man bates will do? Step aside? Or contiune to Argue with David Dein!

JAzz · 2 Jul 2003 at 00:30

Originally posted by Gooner14
Right Arsenal are on the stock market, but there not if that makes sense!!

shares are out there but aren't really there for every 'tom, dick or harry'!!

Just wondering now what old man bates will do? Step aside? Or contiune to Argue with David Dein!

yeah i understand what ur saying, i think!

papa smurf is quite old isnt he, like 71 or something. He prolly thought someone has made him a good offer and thought no one will offer this much again so he sold. also with the debts the club is in this billionaire dude will wipe them all out something that bates prolly couldnt do

also from now we shall refer to them as chelski

hethers · 2 Jul 2003 at 01:47

Originally posted by pengwinzz
lol , i've got this mental image now

"I've been expecting you Mr Bates"

LOL

There are "people" at Chelsea who will have the Russians rubles out of his pocket quicker than he can say Rip Van Winkle.

(singing) I used to be a rich man, etc................. (public performance ends!)

JohnnyG · 2 Jul 2003 at 07:16

Originally posted by Jazz

also from now we shall refer to them as chelski

...and for those of you who haven't seen our new kit yet

doopydug · 2 Jul 2003 at 07:19

Originally posted by Jazz

also from now we shall refer to them as chelski

KLASS!!!

Kanes · 2 Jul 2003 at 14:06

Originally posted by Gooner14
The reason no one will buy Arsenal, is cause they can't! There are Shares in Arsenal, but are extremely rare, with Fizman, and Dein holding most. When they come on the market, one share costs around £2000+

If you take into consideration the Assets of AFC they must be worth far more than CFC.

you mean Ofex? seems odd, there seems to be shares available now, and less than 2 grand

Forbes valued Arsenal at $235 million last year, united were valued in the $400 mill range, seem accurate?

Gilly · 2 Jul 2003 at 14:28

Are you sure thats dollars and not pounds? Seems kinda low. Might be right though I suppose.

Its a shame Chelsea have been bought really. They were one of the only teams in the country with worse finances than Leeds.

JAzz · 2 Jul 2003 at 19:21

Originally posted by Kanes
Forbes valued Arsenal at $235 million last year, united were valued in the $400 mill range, seem accurate?

i guess that sounds about right, the only assets i know arsenal have is highbury, the team, the 'brand' and also the land for ashburton grove with planning permission, also loads of other land to build houses on

btw who do u support? ive seen u around in the other forums never seen u here much

Kanes · 2 Jul 2003 at 19:47

Originally posted by Jazz
btw who do u support? ive seen u around in the other forums never seen u here much

don't watch football, was only interested today as i bought some shares last night and some more today and sold some too, bit of day trading

made a small profit

just posted the Zola thing as i saw it on the front page of the bbc site

Might consider buying 1 or 2 Ofex shares in Arsenal, i've had some football shares for a while now, nothing major, some in Millwall (bought £200 worth when they were at a low, still haven't recovered enough to bother selling) and have done some quick buy/sell stuff with Man Utd whenever they're upto something interesting.

Some sites seemed to wait a bit long on holding the Chelsea shares (big things like this mean the shares are stopped, so as people like me don't come along and buy/sell for a profit). I knew a Russian was going to be investing in a premiership side since last week, but didn't know who or what club, i suspected Fulham or Chelsea so bought 50/50 in each a week ago, sold my Fulham ones last night and bought the same value in Chelsea from a site who took a little bit of time updating and are forced to honour their prices quoted. There are more rumours coming in of further investment in certain clubs, so i'm trying to get an idea who is worth investing in, and i have an idea who it is now

JAzz · 2 Jul 2003 at 20:12

u dont watch football :-\ that not right, thats not right at all

dont know much about shares tbh, not my kind of thing tbh

Kanes · 2 Jul 2003 at 21:43

just for anybody interested:
Arsenal current share price (offered price, buy price £100 less): £1350
Shares issued: 58947

so, if you wanted to buy every single share it would cost £79'578'450 so that means roughly £80 million. However it seems unlikely Dein or Fizman (SP? seems several variations of his name) will sell out for the offer price. Arsenal's assets are only around £40 million (players aren't really classed as assets due to the high risk and fluctuations) and they currently lose £7.5 million after tax per year. They also have approx £17.6 million to apy back to various people per year for the next 3 years. And the stadium costs appear to be rising closer to £400 than £300 million due to delays and financial problems along with general inflation.

In short, if Dein or the other main shareholders don't have deep pockets, they're going to be wanting to either get out or start producing a profit (possibly by selling some players). I personally am glad i sold my shares today (made a £2500.00 profit too). Wiht the current football climate, i wouldn't bet against some of your major shareholders selling (especially Granada now with little use for any power in a premiership side and a growing amount of concern running from their own shareholders)

Muncher · 2 Jul 2003 at 21:53

Bates sold his shares for £17m BTW.

Kanes · 2 Jul 2003 at 21:56

Originally posted by Muncher
Bates sold his shares for £17m BTW.

has it been confirmed yet though? tbh i'll wait for the interim results to be posted before they give an exact figure. Some places say £56, some say £23, now you say £17, i'd go for somewhere around £20, not market value though, Bates was motivated to sell (his own finances don't look too good) and it's unclear just how much of a majority has been bought (the media have immediately said 51% but it's not always the case)

[ASSE]Hinchy · 2 Jul 2003 at 21:59

http://www.planetfootball.com/article.asp?id=153053&Title=Roman+empire

So now the guy wants to buy all of the remaining shares and take the club private. It would seem so far that this guy wants to bring success to Chelsea and won't be afraid to dip his hand into his massive pockets to bring it....

Kanes · 2 Jul 2003 at 22:07

Originally posted by [ASSE]Hinchy
http://www.planetfootball.com/article.asp?id=153053&Title=Roman+empire

So now the guy wants to buy all of the remaining shares and take the club private. It would seem so far that this guy wants to bring success to Chelsea and won't be afraid to dip his hand into his massive pockets to bring it....

wouldn't count on it, for a start that's his PR company, the word spin comes to mind.
Also he's got to buy 100% of the shares, that means also from people who have a few, unless he offers a large increase over list price, they're going to want to wait until he pumps some of his cash in, then sell on the market for the profit.

Then the fact he's apparently said he wants to take it private, has my alarm bells ringing, why exactly? what need is there when you have the majority control already? PROFIT! and he could do whatever he likes with very little backlash (only from supporters, and they can't really do anything to stop him). Seems to confirm my theory of him wanting to create something at Chelsea worth having, rather than a real life game of CM4.