Takeover

[Real Al]

It means yes, we have found investors. We are satisfied they are serious and have the dosh.
Those investors now wish to do their own due diligence on the club safe in the knowledge that someone can’t sneak in and outbid them etc
Due diligence will include the finances of the club, the running of the club, checking there will be no efl hindrance, examining the new ground options, speaking with WF council on the options, speaking with any minority shareholders etc etc

Cripes, I hope they don't do a review of this messageboard

[EliotNes]

It hurts if this is the end of the Nigel Travis and Kent Teague era but if it is, I cannot say thank you both enough times.

This

[Loyal_Supporter]

We’re all gonna get f*cked again arent we?

No we are not. Nigel would NEVER let it go into the wrong hands. Remember, he is an O's fan and I believe he would NEVER let the club get into trouble while he is owner. He is a top man.

There’s not much Nigel can do beyond due diligence up to the sale. No guarantees a new owner doesn’t turn into a new Balkan based waste management guru after a few failed attempts at getting promotion.

I know what you mean but I have a BIG feeling that NT would do a lot more due diligence then Hearn did.

[gshaw]

I wondered at the time if this was introducing our future owner, what do we reckon?

[oriboy]

Seriously, I trust the current board not to sell us down the river and we are a good investment for lots of reasons. My guess would be American money but whoever it is please don’t make it be a bunch of people that makes me feel like I’m making an ethical decision every time I buy a ticket

Eastdil consortium incoming?
After all they did purchase the Ladies team, they may have got the taste for it and put a consortium together.
Makes sense, Nigel knows the Eastdil guy, he is a real estate guy and has a few bob on his hip!

[Orient_Man_And_Boy]

It means yes, we have found investors. We are satisfied they are serious and have the dosh.
Those investors now wish to do their own due diligence on the club safe in the knowledge that someone can’t sneak in and outbid them etc
Due diligence will include the finances of the club, the running of the club, checking there will be no efl hindrance, examining the new ground options, speaking with WF council on the options, speaking with any minority shareholders etc etc

Cripes, I hope they don't do a review of this messageboard

I’ve got 200 shares. Can I expect a call?

[HackneyO]

No we are not. Nigel would NEVER let it go into the wrong hands. Remember, he is an O's fan and I believe he would NEVER let the club get into trouble while he is owner. He is a top man.

There’s not much Nigel can do beyond due diligence up to the sale. No guarantees a new owner doesn’t turn into a new Balkan based waste management guru after a few failed attempts at getting promotion.

I know what you mean but I have a BIG feeling that NT would do a lot more due diligence then Hearn did.

Don’t disagree that Nigel will be much more thorough than Hearn. Also sounds like he will stay on as a minority shareholder from the wording of the statement.

[Rich Tea Wellin]

Seriously, I trust the current board not to sell us down the river and we are a good investment for lots of reasons. My guess would be American money but whoever it is please don’t make it be a bunch of people that makes me feel like I’m making an ethical decision every time I buy a ticket

Eastdil consortium incoming?
After all they did purchase the Ladies team, they may have got the taste for it and put a consortium together.
Makes sense, Nigel knows the Eastdil guy, he is a real estate guy and has a few bob on his hip!

Maybe he’s got a son who wants a club

[BiggsyMalone]

Interesting NT has called it ‘seeking investment’ and this is essentially a takeover. Its what is needed to take the club to the next level. I think he will stay involved at a minor level and stays on the board.

Hopefully this goes better than the last time the club were knocking on the door of the Championship… Things are about the get a lot more expensive for the fans.

More expensive, yes, probably but look at the fantastic football we’re watching. if we want to go to the next level we has supporters have to expect to pay more. Personally speaking, I’m willing to pay more if it means we can get into the championship.

How much more? You won’t be putting up with your ST going up £100+

[Bandy Legs]

Well if it is Eastdil they've got a few quid

Cash £544 million, net worth £466 mill assets £560 mill
Current liabilities £238 mill.


http://companycheck.co.uk/company/FC030 ... URED-L-L-C

[Adz]

Big difference between Hearn selling the club and Travis is that Hearn was just in it for the money, whereas Travis is a fan. Have completely faith that Travis will not only be selling to a respectable group, he will also remain involved and on the board

[PKM]

The new guys are going to need a minimum of £150m-£200m

£100m, cost of site fir new ground and its construction
£20m wipe out existing debts
£30m Buying majority ownership off T&T etc
£50m back team, cover losses next few years etc


£200m covers it, with not a great deal of leeway

[oriboy]

The timing makes sense, by the time the due diligence by both parties are done and the legal bits and bobs, it will be closed season.
The new people will know what league we will compete in and gives them time for funds to be made available to compete in which ever league.

[HackneyO]

The new guys are going to need a minimum of £150m-£200m

£100m, cost of site fir new ground and its construction
£20m wipe out existing debts
£30m Buying majority ownership off T&T etc
£50m back team, cover losses next few years etc


£200m covers it, with not a great deal of leeway

£100m for a new stadium is ambitious. Forest re-doing one stand is looking at £130m apparently.

[PKM]

Have the club already given us a clue?…..

Leyton Orient's Junior Takeover Day will return on Saturday when the club host Lincoln City

[oriboy]

Well if it is Eastdil they've got a few quid

Cash £544 million, net worth £466 mill assets £560 mill
Current liabilities £238 mill.


http://companycheck.co.uk/company/FC030 ... URED-L-L-C

They are also real estate guys so the new stadium would be very much of interest to them and as they have experience and expertise in that field they will be ideal investment in the club (The Eastdil guy also seem to be a good egg and friend of Nigel's)

[oriboy]

The new guys are going to need a minimum of £150m-£200m

£100m, cost of site fir new ground and its construction
£20m wipe out existing debts
£30m Buying majority ownership off T&T etc
£50m back team, cover losses next few years etc


£200m covers it, with not a great deal of leeway

£100m for a new stadium is ambitious. Forest re-doing one stand is looking at £130m apparently.

I think Waltham forest will end up giving us a piece of land to keep us in the borough. Hopefully it will be a similar deal to the one we had on Brisbane rd, which was peppercorn rent for 999years

[PKM]

The new guys are going to need a minimum of £150m-£200m

£100m, cost of site fir new ground and its construction
£20m wipe out existing debts
£30m Buying majority ownership off T&T etc
£50m back team, cover losses next few years etc


£200m covers it, with not a great deal of leeway

£100m for a new stadium is ambitious. Forest re-doing one stand is looking at £130m apparently.

We quote Brentford as our model, £71m for their plus, presumably, cost of land

How much did Brentford's new stadium cost?
£ 71 million
Gtech Community Stadium

[PKM]

The new guys are going to need a minimum of £150m-£200m

£100m, cost of site fir new ground and its construction
£20m wipe out existing debts
£30m Buying majority ownership off T&T etc
£50m back team, cover losses next few years etc


£200m covers it, with not a great deal of leeway

£100m for a new stadium is ambitious. Forest re-doing one stand is looking at £130m apparently.

Dunno what they are building at Forest, but Liverpools massive expansion was £100m

“For those of you interested, the final cost of building the Anfield Road End stand came in at circa £100 million,” Miller said.

[LittleMate]

Interesting NT has called it ‘seeking investment’ and this is essentially a takeover.

This is what's happened. They cast out their trawling net and have reeled in a whopper.

[Mistadobalina]

The council won't have much land to give, it probably wouldn't be in a location we'd want, and even if it was, every local authority is looking to maximize income at the moment. That won't happen.

What they might have done is informally given a green light to a site identified for housing to be used for something else, tied in with housing.

No prospective owner is going to be paying for the ground outright with their cash. They might put some equity into the club to act as a cash injection to get the ball rolling with the expectation they get a return later. And no way is the club worth 30m.

Interesting times. Again, more interested in what their long term plans would be for the club, as opposed to whether we can spend an extra million or two for a few seasons. We need to have a plan to grow the club so that we are earning enough outright to compete at this level and feasibly be ok at championship level. Whether that's a new ground or whizzy new way of recruiting remains to be seen.

[HackneyO]

The new guys are going to need a minimum of £150m-£200m

£100m, cost of site fir new ground and its construction
£20m wipe out existing debts
£30m Buying majority ownership off T&T etc
£50m back team, cover losses next few years etc


£200m covers it, with not a great deal of leeway

£100m for a new stadium is ambitious. Forest re-doing one stand is looking at £130m apparently.

We quote Brentford as our model, £71m for their plus, presumably, cost of land

How much did Brentford's new stadium cost?
£ 71 million
Gtech Community Stadium

Opened 4 years ago, when prices were cheaper. The Forest rebuild was quoted at £80m in 2019 and now £130m.

[Bandy Legs]

Well if it is Eastdil they've got a few quid

Cash £544 million, net worth £466 mill assets £560 mill
Current liabilities £238 mill.


http://companycheck.co.uk/company/FC030 ... URED-L-L-C

They are also real estate guys so the new stadium would be very much of interest to them and as they have experience and expertise in that field they will be ideal investment in the club (The Eastdil guy also seem to be a good egg and friend of Nigel's)

And Understands its 140 years of being in East London

[Mistadobalina]

The new guys are going to need a minimum of £150m-£200m

£100m, cost of site fir new ground and its construction
£20m wipe out existing debts
£30m Buying majority ownership off T&T etc
£50m back team, cover losses next few years etc


£200m covers it, with not a great deal of leeway

£100m for a new stadium is ambitious. Forest re-doing one stand is looking at £130m apparently.

We quote Brentford as our model, £71m for their plus, presumably, cost of land

How much did Brentford's new stadium cost?
£ 71 million
Gtech Community Stadium

Construct inflation is about 30% since COVID. Anything less than £100m would either be a miracle or mean we've 'value engineered' the thing to the point where the south stand facilities look palatial.

[LittleMate]

Well if it is Eastdil they've got a few quid

Cash £544 million, net worth £466 mill assets £560 mill
Current liabilities £238 mill.


http://companycheck.co.uk/company/FC030 ... URED-L-L-C

They are also real estate guys so the new stadium would be very much of interest to them and as they have experience and expertise in that field they will be ideal investment in the club (The Eastdil guy also seem to be a good egg and friend of Nigel's)

Eastdil are money men. They may be raising the money for someone to buy in, but they will not be buying the football club..