Section Q Posted February 20 Share Posted February 20 SPFL side lined up for American takeover as Hampden chiefs put on ‘foreign investment’ alert St Johnstone the next Scottish club to be taken over by Americans. https://www.thescottishsun.co.uk/sport/12013279/st-johnstone-20m-american-takeover-hampden-chiefs-foreign-investment/ Quote Link to comment Share on other sites More sharing options...
been here before Posted February 20 Share Posted February 20 Its worked well with Hibs so far so why not? Quote Link to comment Share on other sites More sharing options...
Section Q Posted February 21 Author Share Posted February 21 2 hours ago, been here before said: Its worked well with Hibs so far so why not? And the Dundee mob..........! Quote Link to comment Share on other sites More sharing options...
martoon Posted February 21 Share Posted February 21 There is a possibility that the "American investment" thing could be the way forward. Who knows? However, thank goodness our club is able to sit back, wait and see, then act from a position of choice and power. I don't like the sound of it, at all, but Hibernian FC, as it stands, haven't looked before they’ve leapt. They're club is at the mercy of people who don't give a... Quote Link to comment Share on other sites More sharing options...
Jim_Duncan Posted February 21 Share Posted February 21 Done deal. Eight hay bales, six bushels of corn and a good condition John Deere 5065E. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted February 21 Share Posted February 21 I'd be more interested in it if American investment led to more promotion and availability of the Scottish game over here. Quote Link to comment Share on other sites More sharing options...
Benny Klack Posted February 21 Share Posted February 21 4 hours ago, Watt-Zeefuik said: I'd be more interested in it if American investment led to more promotion and availability of the Scottish game over here. Wonder how that clown Stuart Cosgrove will spin this. Always bangs on about how financially prudent his team are and foreign ownership = dangerous. He always slagged off us when Vlad was in town. Quote Link to comment Share on other sites More sharing options...
kingantti1874 Posted February 21 Share Posted February 21 Why would you invest in st Johnstone. They’ve got no potential for growth Quote Link to comment Share on other sites More sharing options...
chrisyboy7 Posted February 21 Share Posted February 21 29 minutes ago, kingantti1874 said: Why would you invest in st Johnstone. They’ve got no potential for growth Was just thinking this....sounds very dodgy but only time will tell. Quote Link to comment Share on other sites More sharing options...
Taffin Posted February 21 Share Posted February 21 Give me oil or oligarch money over the Americans every time. What a mess they've made at Chelsea. Quote Link to comment Share on other sites More sharing options...
Sooks Posted February 21 Share Posted February 21 1 hour ago, Benny Klack said: Wonder how that clown Stuart Cosgrove will spin this. Always bangs on about how financially prudent his team are and foreign ownership = dangerous. He always slagged off us when Vlad was in town. Cosgrove is a bare faced hypocrite . I am also looking forward to how he attempts to spin this Quote Link to comment Share on other sites More sharing options...
Homme Posted February 21 Share Posted February 21 35 minutes ago, kingantti1874 said: Why would you invest in st Johnstone. They’ve got no potential for growth When you are as small as they are then I guess there is some potential for growth. Especially being a city club. Won't be much money involved I'd imagine. Personally couldn't think of a more boring team to invest in. Quote Link to comment Share on other sites More sharing options...
Jambo dans les Pyrenees Posted February 21 Share Posted February 21 40 minutes ago, kingantti1874 said: Why would you invest in st Johnstone. They’ve got no potential for growth The Levein/Kirk factor. Quote Link to comment Share on other sites More sharing options...
Jim_Duncan Posted February 21 Share Posted February 21 44 minutes ago, kingantti1874 said: Why would you invest in st Johnstone. They’ve got no potential for growth They could sell all four stands to the OF several times a season. Money spinner. Quote Link to comment Share on other sites More sharing options...
I.T.K Posted February 21 Share Posted February 21 2 minutes ago, Jambo dans les Pyrenees said: The Levein/Kirk factor. Are they not top of the Bundesliga? Quote Link to comment Share on other sites More sharing options...
meister Posted February 21 Share Posted February 21 St Johnstone own a fair bit of the land around McDairmid as well apparently so I'd be wary of the new owners reasons for investing in the club. Geoff Brown absolutely has the clubs best interests at heart but lets be honest, he's been trying to offload St Johnstone for years and now it looks as though someone is interested. I wonder what's made this group more attractive to sell to than others (if there were any) ?? Quote Link to comment Share on other sites More sharing options...
Turkishcap Posted February 21 Share Posted February 21 So much for the Well video Quote Link to comment Share on other sites More sharing options...
buzzbomb1958 Posted February 21 Share Posted February 21 1 hour ago, kingantti1874 said: Why would you invest in st Johnstone. They’ve got no potential for growth But they have land wort 20 million that might have something to do with it Quote Link to comment Share on other sites More sharing options...
saxondale Posted February 21 Share Posted February 21 8 hours ago, Section Q said: And the Dundee mob..........! To be fair, it's a bit early days to say it has been unsuccessful yet...lets hope in a year or two there has been next to no progress for both teams. Quote Link to comment Share on other sites More sharing options...
tian447 Posted February 21 Share Posted February 21 15 minutes ago, buzzbomb1958 said: But they have land wort 20 million that might have something to do with it And the sheer number of houses they are building in Perth means the demand is there. Wonder if ASDA would like to buy this stadium as well, and put the Tesco next door under some pressure. Quote Link to comment Share on other sites More sharing options...
john thomas Posted February 21 Share Posted February 21 52 minutes ago, Sooks said: Cosgrove is a bare faced hypocrite . I am also looking forward to how he attempts to spin this Spin it he will . His rewriting of history after completely dismissing the Anderson investment in Scottish football was classic Quote Link to comment Share on other sites More sharing options...
GorgieFifeLife Posted February 21 Share Posted February 21 The Wrexham factor has peaked the America interest in owning clubs across here. It is seen as a hobby for the rich and with minimal investment a club like St Johnstone could be improved so it makes more sense than the Hibs investment who are a club already at their ceiling and falling fast. Geoff Brown will be writing in legal safeguards to prevent the land being sold from underneath the club. Quote Link to comment Share on other sites More sharing options...
buzzbomb1958 Posted February 21 Share Posted February 21 1 minute ago, GorgieFifeLife said: The Wrexham factor has peaked the America interest in owning clubs across here. It is seen as a hobby for the rich and with minimal investment a club like St Johnstone could be improved so it makes more sense than the Hibs investment who are a club already at their ceiling and falling fast. Geoff Brown will be writing in legal safeguards to prevent the land being sold from underneath the club. The land is part of the deal hence the £ 20 million price included Quote Link to comment Share on other sites More sharing options...
Pap Posted February 21 Share Posted February 21 Whats "foreign investment alert"? Quote Link to comment Share on other sites More sharing options...
Saint Jambo Posted February 21 Share Posted February 21 8 minutes ago, GorgieFifeLife said: The Wrexham factor has peaked the America interest in owning clubs across here. It is seen as a hobby for the rich and with minimal investment a club like St Johnstone could be improved so it makes more sense than the Hibs investment who are a club already at their ceiling and falling fast. Geoff Brown will be writing in legal safeguards to prevent the land being sold from underneath the club. Not trying to be wide, but what would be the benefit to a club of owning land if it could never be sold? Quote Link to comment Share on other sites More sharing options...
Benny Klack Posted February 21 Share Posted February 21 42 minutes ago, Turkishcap said: So much for the Well video 🤣 Quote Link to comment Share on other sites More sharing options...
SUTOL Posted February 21 Share Posted February 21 4 minutes ago, Saint Jambo said: Not trying to be wide, but what would be the benefit to a club of owning land if it could never be sold? The article says the plot of land the stadium is on 22 acres, is worth up to £20milion. So if they sold the land they'd be selling the stadium and would need to have somewhere else to play. I'd presume the safeguards mentioned would be to stop a complete asset strip and ending of St J's. Quote Link to comment Share on other sites More sharing options...
Fort Vallance Posted February 21 Share Posted February 21 8 minutes ago, Saint Jambo said: Not trying to be wide, but what would be the benefit to a club of owning land if it could never be sold? Security for borrowing ? Quote Link to comment Share on other sites More sharing options...
AlimOzturk Posted February 21 Share Posted February 21 The club with the biggest potential for growth in Scotland right now are us. Hotel/restaurants/bars and waiting lists for fans. But they can’t have us. Quote Link to comment Share on other sites More sharing options...
Byyy The Light Posted February 21 Share Posted February 21 10 minutes ago, Fort Vallance said: Security for borrowing ? As I said on the Hibs thread. This multi club ownership the Americans are all in to just seems to me like an accounting exercise. Look what the Glazers did at Utd by saddling the club with debt. If you have a holding company that has assets across multiple clubs, their borrowing power is massively increased. That would allow these investment vehicles to borrow a load of money to use for whatever they wanted against the assets on the group balance sheet, not the clubs individually. One of the first thing the Gordon's did was take security over all Hibs assets. They then saddled the club with over £5 million worth of debt for "infrastructure" and then essentially got out by selling the debt to Foley. It all stinks of the bundling of cheap assets to form a bigger asset and flog for an inflated price down the line. A bit like the sub prime mortgages that crippled the global economy. Quote Link to comment Share on other sites More sharing options...
Japan Jambo Posted February 21 Share Posted February 21 11 hours ago, Section Q said: SPFL side lined up for American takeover as Hampden chiefs put on ‘foreign investment’ alert St Johnstone the next Scottish club to be taken over by Americans. https://www.thescottishsun.co.uk/sport/12013279/st-johnstone-20m-american-takeover-hampden-chiefs-foreign-investment/ Just clicked on that article, looking at Levein I'm suddenly starting to feel quite old. He's not got many years on me but by god he doesn't half look like he had a hard paper round. 😞 Quote Link to comment Share on other sites More sharing options...
Daveandal Posted February 21 Share Posted February 21 1 hour ago, I.T.K said: Are they not top of the Bundesliga? I've just snorted tea up my nose... cheers Quote Link to comment Share on other sites More sharing options...
JamboBoy Posted February 21 Share Posted February 21 2 hours ago, kingantti1874 said: Why would you invest in st Johnstone. They’ve got no potential for growth Exactly. I really don’t get this inward investment by people who have no real connection to the club. It failed with ourselves and have not seen it succeed anywhere. Just a way for the current owners to bail out quite frankly. How can a club that cannot sell out their own stadium for an OF match ever be seen as anything other than a financial basket case. Caveat emptor and all that! Quote Link to comment Share on other sites More sharing options...
Chuck Berry Posted February 21 Share Posted February 21 I remember a game at McDairmid in the early 90's where Hearts won 5-0 and there were Jambos locked out, the place was packed, and it was mostly Saints fans. Potential? Quote Link to comment Share on other sites More sharing options...
GorgieFifeLife Posted February 21 Share Posted February 21 1 hour ago, buzzbomb1958 said: The land is part of the deal hence the £ 20 million price included Legal safeguards will prevent the sale of the land to protect the club from losing their stadium. If another stadium is built elsewhere then they would then be allowed to sell the land. Quote Link to comment Share on other sites More sharing options...
CostaJambo Posted February 21 Share Posted February 21 8 hours ago, Jim_Duncan said: Done deal. Eight hay bales, six bushels of corn and a good condition John Deere 5065E. Throw in a couple of Garth Brooks CD's and I'll give you the pie concession gig too. Quote Link to comment Share on other sites More sharing options...
Sooks Posted February 21 Share Posted February 21 Sadly Perth is absolutely rammed with glory hunters . Not sure that is likely to change ever . Much easier for a kid to switch from a small team to the old firm despite their parents allegiances than it is to switch to a smaller team from one of the old firm Quote Link to comment Share on other sites More sharing options...
Deevers Posted February 21 Share Posted February 21 3 hours ago, kingantti1874 said: Why would you invest in st Johnstone. They’ve got no potential for growth They own a fair wedge of prime land around the stadium. Sitting there waiting for someone to come along and use it for housing. Quote Link to comment Share on other sites More sharing options...
leipzig76 Posted February 21 Share Posted February 21 8 hours ago, Jim_Duncan said: Done deal. Eight hay bales, six bushels of corn and a good condition John Deere 5065E. It's a Massey or the deal's off !! Quote Link to comment Share on other sites More sharing options...
henrysmithsgloves Posted February 21 Share Posted February 21 8 hours ago, Jim_Duncan said: Done deal. Eight hay bales, six bushels of corn and a good condition John Deere 5065E. 🤣🤣 Quote Link to comment Share on other sites More sharing options...
SUTOL Posted February 21 Share Posted February 21 14 minutes ago, Deevers said: They own a fair wedge of prime land around the stadium. Sitting there waiting for someone to come along and use it for housing. There's not much empty prime land around the stadium site. Some land beside the stadium/training pitches was bought in 2019 for £1.25m+. Not sure who bought or sold it. Quote Link to comment Share on other sites More sharing options...
Deevers Posted February 21 Share Posted February 21 (edited) 9 minutes ago, SUTOL said: There's not much empty prime land around the stadium site. Some land beside the stadium/training pitches was bought in 2019 for £1.25m+. Not sure who bought or sold it. The excess land round the stadium would appear to be the stumbling block to a deal at present. I take it that would be the training pitches, the car park and the other land lying empty at the side of the stadium. Brown probably wants to hold on to that for his building company to develop. The yank probably wants the whole package. Sitting where it does in Perth, the whole lot stadium and all would probably be pretty sought after for building on. Makes you wonder what the end game for the yank actually is. Edited February 21 by Deevers Quote Link to comment Share on other sites More sharing options...
I.T.K Posted February 21 Share Posted February 21 1 hour ago, Daveandal said: I've just snorted tea up my nose... cheers Quote Link to comment Share on other sites More sharing options...
SUTOL Posted February 21 Share Posted February 21 1 minute ago, Deevers said: The excess land round the stadium would appear to be the stumbling block to a deal at present. I take it that would be the training pitches, the car park and the other land lying empty at the side of the stadium. Brown probably wants to hold on to that for his building company to develop. The yank probably wants the whole package. Sitting where it does in Perth, the whole lot stadium and all would probably be pretty sought after for building on. Makes you wonder what the end game for the yank actually is. There is excess/waste ground in the south east corner of the site, some of which is what I referred to in my last post as being sold a few years ago. That i,s I assume not included in the sale, and maybe Brown does own it himself, or maybe they sold it previously to fund the club. The press article says the site is 22 acres, that would be the car park, stadium and three training pitches, not much else. Quote Link to comment Share on other sites More sharing options...
periodictabledancer Posted February 21 Share Posted February 21 The £20 million looks like a figure dreamed up by the Sun on the basis it could be flattened and used for house building. Given the land AFAIK was originally donated by a farmer (hence the name) I'd think it's highly unlikely there isn't some sort of covenant or legal instrument to stop is being flattened for houses. The devil is in the detail, as they say. Quote Link to comment Share on other sites More sharing options...
jamboinglasgow Posted February 21 Share Posted February 21 3 minutes ago, periodictabledancer said: The £20 million looks like a figure dreamed up by the Sun on the basis it could be flattened and used for house building. Given the land AFAIK was originally donated by a farmer (hence the name) I'd think it's highly unlikely there isn't some sort of covenant or legal instrument to stop is being flattened for houses. The devil is in the detail, as they say. Could be that the potential new owner views this land as something they can build long term to generate revenue (retail park, leisure facilities, or such) which would be preferable to just selling off the land for short term large gain. Means that like us, you can get regular income from outwith football helping to maintain or increase a club with limited support's income. But does keep the land within the club incase they do need to sell it at a later date. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted February 21 Share Posted February 21 2 hours ago, AlimOzturk said: The club with the biggest potential for growth in Scotland right now are us. Hotel/restaurants/bars and waiting lists for fans. But they can’t have us. I like to think of myself as an American who was at the forefront of the trend of buying Scottish football clubs. Picked the right one too. Quote Link to comment Share on other sites More sharing options...
AlimOzturk Posted February 21 Share Posted February 21 2 minutes ago, Watt-Zeefuik said: I like to think of myself as an American who was at the forefront of the trend of buying Scottish football clubs. Picked the right one too. I reckon your investment will hold greater value, long term sustainability and give you more joy than all these other Americans buying up shares in other clubs. Quote Link to comment Share on other sites More sharing options...
SUTOL Posted February 21 Share Posted February 21 27 minutes ago, jamboinglasgow said: Could be that the potential new owner views this land as something they can build long term to generate revenue (retail park, leisure facilities, or such) which would be preferable to just selling off the land for short term large gain. Means that like us, you can get regular income from outwith football helping to maintain or increase a club with limited support's income. But does keep the land within the club incase they do need to sell it at a later date. There is no land other than the stadium, carpark and training pitches. Quote Link to comment Share on other sites More sharing options...
Watt-Zeefuik Posted February 21 Share Posted February 21 1 hour ago, AlimOzturk said: I reckon your investment will hold greater value, long term sustainability and give you more joy than all these other Americans buying up shares in other clubs. I certainly think so. Paid off handsomely so far. Quote Link to comment Share on other sites More sharing options...
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