Independent Leyton Orient Forum

BiggsyMalone wrote: ↑Sat Mar 22, 2025 9:39 am The upcoming week is usually when the club release ticket details for the following season. Can’t be too far off announcing more news on the takeover.

That may well be, but there is no earthly reason why the two are linked.

PKM wrote: ↑Sat Mar 22, 2025 9:57 am

BiggsyMalone wrote: ↑Sat Mar 22, 2025 9:39 am The upcoming week is usually when the club release ticket details for the following season. Can’t be too far off announcing more news on the takeover.

That may well be, but there is no earthly reason why the two are linked.

The new owners will be involved in, if not, setting those prices.

BiggsyMalone wrote: ↑Sat Mar 22, 2025 12:04 pm

PKM wrote: ↑Sat Mar 22, 2025 9:57 am

BiggsyMalone wrote: ↑Sat Mar 22, 2025 9:39 am The upcoming week is usually when the club release ticket details for the following season. Can’t be too far off announcing more news on the takeover.

That may well be, but there is no earthly reason why the two are linked.

The new owners will be involved in, if not, setting those prices.

Well that didn’t happen!
I note MD says today:
“Our search for new investment is progressing well….’’

PKM wrote: ↑Mon Mar 24, 2025 12:19 pm

BiggsyMalone wrote: ↑Sat Mar 22, 2025 12:04 pm

PKM wrote: ↑Sat Mar 22, 2025 9:57 am

That may well be, but there is no earthly reason why the two are linked.

The new owners will be involved in, if not, setting those prices.

Well that didn’t happen!
I note MD says today:
“Our search for new investment is progressing well….’’

Yeah, a group has a period of exclusivity. They’re not talking to anyone else. They will have been involved in those prices.

BiggsyMalone wrote: ↑Sat Mar 22, 2025 12:04 pm

PKM wrote: ↑Sat Mar 22, 2025 9:57 am

BiggsyMalone wrote: ↑Sat Mar 22, 2025 9:39 am The upcoming week is usually when the club release ticket details for the following season. Can’t be too far off announcing more news on the takeover.

That may well be, but there is no earthly reason why the two are linked.

The new owners will be involved in, if not, setting those prices.

Of course they won’t. It’s a normal operational issue.

How long is this period of exclusivity supposed to last?

Give it to Jabo wrote: ↑Mon Mar 24, 2025 12:56 pm How long is this period of exclusivity supposed to last?

The period of exclusivity was announced on 17th Feb, so we are just over a month from that. That is very early for these things.
No time scale was given, the negotiations and DD will last as long as it takes until either they break down or agreement is reached. I would think a period of 3 months or so is entirely reasonable and certainly not excessive.
I believe there was a report somewhere that they hoped/expected things to be formalised by early summer, although I can’t remember where I read that.
Given that the indication is that Nigel will continue as chairman and the operational team will continue, then any changes should be relatively easy, fingers crossed all the same.

PKM wrote: ↑Mon Mar 24, 2025 1:18 pm

Give it to Jabo wrote: ↑Mon Mar 24, 2025 12:56 pm How long is this period of exclusivity supposed to last?

The period of exclusivity was announced on 17th Feb, so we are just over a month from that. That is very early for these things.
No time scale was given, the negotiations and DD will last as long as it takes until either they break down or agreement is reached. I would think a period of 3 months or so is entirely reasonable and certainly not excessive.
I believe there was a report somewhere that they hoped/expected things to be formalised by early summer, although I can’t remember where I read that.
Given that the indication is that Nigel will continue as chairman and the operational team will continue, then any changes should be relatively easy, fingers crossed all the same.

It's a £5-10m turnover company, it's really not that complex. Shouldn't be taking anywhere near 3 months to wrap up a deal of this size.

Hoover Attack wrote: ↑Mon Mar 24, 2025 1:52 pm

PKM wrote: ↑Mon Mar 24, 2025 1:18 pm

Give it to Jabo wrote: ↑Mon Mar 24, 2025 12:56 pm How long is this period of exclusivity supposed to last?

The period of exclusivity was announced on 17th Feb, so we are just over a month from that. That is very early for these things.
No time scale was given, the negotiations and DD will last as long as it takes until either they break down or agreement is reached. I would think a period of 3 months or so is entirely reasonable and certainly not excessive.
I believe there was a report somewhere that they hoped/expected things to be formalised by early summer, although I can’t remember where I read that.
Given that the indication is that Nigel will continue as chairman and the operational team will continue, then any changes should be relatively easy, fingers crossed all the same.

It's a £5-10m turnover company, it's really not that complex. Shouldn't be taking anywhere near 3 months to wrap up a deal of this size.

I suspect the debt is proving difficult to deal with and that will impact on the price payable.

Hoover Attack wrote: ↑Mon Mar 24, 2025 1:52 pm

PKM wrote: ↑Mon Mar 24, 2025 1:18 pm

Give it to Jabo wrote: ↑Mon Mar 24, 2025 12:56 pm How long is this period of exclusivity supposed to last?

The period of exclusivity was announced on 17th Feb, so we are just over a month from that. That is very early for these things.
No time scale was given, the negotiations and DD will last as long as it takes until either they break down or agreement is reached. I would think a period of 3 months or so is entirely reasonable and certainly not excessive.
I believe there was a report somewhere that they hoped/expected things to be formalised by early summer, although I can’t remember where I read that.
Given that the indication is that Nigel will continue as chairman and the operational team will continue, then any changes should be relatively easy, fingers crossed all the same.

It's a £5-10m turnover company, it's really not that complex. Shouldn't be taking anywhere near 3 months to wrap up a deal of this size.

It would have been better if I said ‘up to 3 months’
These things always take longer than you think
It’s not quite as simple as a ‘£5m-£10m’ company, there are other factors involved that make it entirely reasonable than, say, a uk based widget company with t/o £5m-£10m.
For example?
The deal is likely to involve multiple countries/jurisdictions , UK and USA at least. Then there is EFL approval, if not granted in this period, at the very least they will want EFL’s take on it.Is the deal cash or debt based, debt based will take longer. The status of Brisbane Road stadium/BH will also come into play. If you think this sort of thing can be wrapped up in a few weeks, then you are mistaken. They will do well to sort it out within a 3 month time period.

Hoover Attack wrote: ↑Mon Mar 24, 2025 12:54 pm

BiggsyMalone wrote: ↑Sat Mar 22, 2025 12:04 pm

PKM wrote: ↑Sat Mar 22, 2025 9:57 am

That may well be, but there is no earthly reason why the two are linked.

The new owners will be involved in, if not, setting those prices.

Of course they won’t. It’s a normal operational issue.

No its not. Its the most significant revenue source into the club they’re about to spend millions on. You’re delusional if you think they didn’t have a say on these prices.

BiggsyMalone wrote: ↑Mon Mar 24, 2025 6:18 pm

Hoover Attack wrote: ↑Mon Mar 24, 2025 12:54 pm

BiggsyMalone wrote: ↑Sat Mar 22, 2025 12:04 pm
The new owners will be involved in, if not, setting those prices.

Of course they won’t. It’s a normal operational issue.

No its not. Its the most significant revenue source into the club they’re about to spend millions on. You’re delusional if you think they didn’t have a say on these prices.

I make Hoover correct, it would be very unusual to say the least for the potential new owners to have any input on this matter, especially as we are in all likelihood nearer the start of the process rather than the end.
As it has already been stated the current management and operational team will remain, then it’s really quite ridiculous to think that some third party who’ve yet to part with a penny are having any input at all. Might as well suggest they are going to get involved in negotiations to give Beckles/Agyei etc new contracts. It’s all a big no. There are far more important issues to hammer out, like the funding of a new stadium and safeguards concerning that. The idea is bonkers.

What's confusing me is are these people actually new owners because the club only refer to it as new investment.

PKM wrote: ↑Mon Mar 24, 2025 7:06 pm

BiggsyMalone wrote: ↑Mon Mar 24, 2025 6:18 pm

Hoover Attack wrote: ↑Mon Mar 24, 2025 12:54 pm

Of course they won’t. It’s a normal operational issue.

No its not. Its the most significant revenue source into the club they’re about to spend millions on. You’re delusional if you think they didn’t have a say on these prices.

I make Hoover correct, it would be very unusual to say the least for the potential new owners to have any input on this matter, especially as we are in all likelihood nearer the start of the process rather than the end.
As it has already been stated the current management and operational team will remain, then it’s really quite ridiculous to think that some third party who’ve yet to part with a penny are having any input at all. Might as well suggest they are going to get involved in negotiations to give Beckles/Agyei etc new contracts. It’s all a big no. There are far more important issues to hammer out, like the funding of a new stadium and safeguards concerning that. The idea is bonkers.

Just because you’ve found another perpetually wrong person to agree with you, doesn’t make you right. An investment group are about to spend millions buying this club, they need to know exactly how much thr club is worth and how much money enters and leaves the club. Orient’s current board have already spoken about how tight FFP is already.

“Owners in League One putting £1m or more into a club will only be able to spend 60% on player-related expenditure while League Two sides will only be permitted to spend 50%.”

Biggsy, these things just don't work like this, sorry.

You're right in that they will know about the decision. It will impact the profit and cash flow forecasts models they'll be using to determine the price paid, yes. But they don't have any input into reaching that decision.

Presumably, they're investing in the business for the long term (a long term that includes the building of a new stadium etc etc) - I hardly think they'll need to have an input into the prices set for season ticket sales for the first year of their ownership - especially since they've not paid a penny piece yet. What's ST income nowadays ? £1.5Mn ? So even if they demanded a 10% uplift to that, it'll net £150k - it's a drop in the ocean - they'll be spending more than that on the DD process and legal fees.

BiggsyMalone wrote: ↑Tue Mar 25, 2025 9:20 am

PKM wrote: ↑Mon Mar 24, 2025 7:06 pm

BiggsyMalone wrote: ↑Mon Mar 24, 2025 6:18 pm
No its not. Its the most significant revenue source into the club they’re about to spend millions on. You’re delusional if you think they didn’t have a say on these prices.

I make Hoover correct, it would be very unusual to say the least for the potential new owners to have any input on this matter, especially as we are in all likelihood nearer the start of the process rather than the end.
As it has already been stated the current management and operational team will remain, then it’s really quite ridiculous to think that some third party who’ve yet to part with a penny are having any input at all. Might as well suggest they are going to get involved in negotiations to give Beckles/Agyei etc new contracts. It’s all a big no. There are far more important issues to hammer out, like the funding of a new stadium and safeguards concerning that. The idea is bonkers.

Just because you’ve found another perpetually wrong person to agree with you, doesn’t make you right. An investment group are about to spend millions buying this club, they need to know exactly how much thr club is worth and how much money enters and leaves the club. Orient’s current board have already spoken about how tight FFP is already.

“Owners in League One putting £1m or more into a club will only be able to spend 60% on player-related expenditure while League Two sides will only be permitted to spend 50%.”

I’m afraid you are wrong re the potential investors having any input on operational matters like season tickets.
When digging a hole it’s always a good idea to know where to stop.
Stillspike has had another bash at explaining it to you, but doubtless you will continue to plough the same furrow.

What if they don’t become investors?

Hoover Attack wrote: ↑Tue Mar 25, 2025 9:36 am Biggsy, these things just don't work like this, sorry.

You're right in that they will know about the decision. It will impact the profit and cash flow forecasts models they'll be using to determine the price paid, yes. But they don't have any input into reaching that decision.

Agreed, until a sale is formally agreed, they will not have any input into day to day operations. If they did and after this period of exclusivity the deal collapsed the club could be stuck with decisions it can’t live with.

Correct.

Hmm - well, with the news now becoming public, it appears that the potential new investors have finally agreed the price of Season Tickets for the coming year. I heard that part of the reason for the delay was that they were still wanting input into the prices of IPA and the Pie & Mash meal deals, and were also a little concerned about what formation Richie favoured.

It seems all their concerns were finally allayed. Phew.

I would personally like to thank the new investors for arranging the 50% in store discounts last night, picked up a fair few bargains. Nice one fellas.

StillSpike wrote: ↑Fri Mar 28, 2025 10:23 am Hmm - well, with the news now becoming public, it appears that the potential new investors have finally agreed the price of Season Tickets for the coming year. I heard that part of the reason for the delay was that they were still wanting input into the prices of IPA and the Pie & Mash meal deals, and were also a little concerned about what formation Richie favoured.

It seems all their concerns were finally allayed. Phew.

I presume they've agreed on the bovril lid solution as well ?