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Textor buying Everton? / Bids to buy Palace outright

Reports on twitter the 3 bids are:

1. Sportsbank - US Based (Not 100%)- (Investment firm) - net worth isnt clear
2. Stanley Tang -Chinese/Hong Kong American based Entrepeneur - Owner of DoorDash (Biggest marketshare of food delivery in the US, akin to Deliveroo/JustEat) - net worth 2.2 billion
3. Harris & Blitzer (Current shareholders - owners of Washgington Commanders, New Jersey Devils, Philapdelphia 76ers , apollo management- Harris net worth between 5-9 billion and Blitzer 2 billion
 
MFW94 said:
Reports on twitter the 3 bids are:

1. Sportsbank - US Based (Not 100%)- (Investment firm) - net worth isnt clear
2. Stanley Tang -Chinese/Hong Kong American based Entrepeneur - Owner of DoorDash (Biggest marketshare of food delivery in the US, akin to Deliveroo/JustEat) - net worth 2.2 billion
3. Harris & Blitzer (Current shareholders - owners of Washgington Commanders, New Jersey Devils, Philapdelphia 76ers , apollo management- Harris net worth between 5-9 billion and Blitzer 2 billion
Click to expand...
Tang is 32 and worth over $2bn. Could be using the PR from buying Palace as a way into the UK food delivery market? Would be interesting to have someone that young involved in the ownership of the club.
 
Once this prospective bidders realise the weakness of Textor's minority holding, eg. 25% voting rights, either the bid will drop significantly or the delusions of football club valuations will seep into Selhurst.
Show me a big club out there that makes a profit.
 
Davepalace707 said:
Tang is 32 and worth over $2bn. Could be using the PR from buying Palace as a way into the UK food delivery market? Would be interesting to have someone that young involved in the ownership of the club.
Click to expand...
Maybe he could hand Palace a lucrative sponsorship deal with his food delivery drive into the UK? Say a ten year £400m a year deal should do it? Then we're shopping at Harrods! Now City have overturned the ruling that says you cant have a business connection to a company that sponsors your club its open season!
Thanks City 😀
 
dreamwaverider said:
Once this prospective bidders realise the weakness of Textor's minority holding, eg. 25% voting rights, either the bid will drop significantly or the delusions of football club valuations will seep into Selhurst.
Show me a big club out there that makes a profit.
Click to expand...
Spurs, Man United, Arsenal (usually but not for the last two years), Brentford, Brighton (but again not this season)
 
est1905 said:
Maybe he could hand Palace a lucrative sponsorship deal with his food delivery drive into the UK? Say a ten year £400m a year deal should do it? Then we're shopping at Harrods! Now City have overturned the ruling that says you cant have a business connection to a company that sponsors your club its open season!
Thanks City 😀
Click to expand...

You can have a connection but it has to be at market value and your example ain't nowhere near that 😀
 
MFW94 said:
Reports on twitter the 3 bids are:

2. Stanley Tang -Chinese/Hong Kong American based Entrepeneur - Owner of DoorDash (Biggest marketshare of food delivery in the US, akin to Deliveroo/JustEat) - net worth 2.2 billion
Click to expand...

The potential problem with his huge net worth is that it is probably all in shares of DoorDash and shares can go down as well as up
 
est1905 said:
Spurs, Man United, Arsenal (usually but not for the last two years), Brentford, Brighton (but again not this season)
Click to expand...
In fairness, they might make operating profits but, from what I've seen, they're all 100s of millions in debt. I believe we are over 100mil in debt now - if my calculations on our last loan are anywhere near correct.
 
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