Don't be silly. 2059.Originally Posted by Thomas477
Don't be silly. 2059.
Think you need to reign in your optimism.
🤣
Andrew Twiggy Forrest is sponsoring St George RL through his company ?Squadron Energy? hullo !!! Aren?t we a better fit !!!
Here is a summary of some of the information I have heard over the last few months.
After trying to unsuccessfully sell the club from in-house, the club realised that potential buyers are more comfortable and more confident to negotiate potential sales with professional organisations in this field.
Through the Perth Glory attempted sale negotiations, the club was made aware of interested buying parties.
The club then started talks with KordaMentha to see if it was viable for both parties to come to an arrangement.
A sale agreement between the two was agreed.
The club was told that there were two interested parties that KordaMentha would be having initial discussions with.
As Perth Glory's discussions advanced (which collapsed) it became clear that sale figures of $25m were just not realistic.
Lower sale figures became part of the discussions with the jets which has attracted another 2-3 interested parties to come forward.
This does sound promising as it seems like we do have several interested buyers.
The obvious challenge is converting "interested parties" to a completed sale agreement. eg. New Owner !
Thanks Roger
Just more PR shit.
Get the job done.
Middleby Gone
Lawrie Out
Check out tomorrow?s Herald, ownership news
Article
THE Newcastle Jets are understood to be deep in negotiations with a potential overseas buyer that has a strong football presence around the globe.
If the deal is complete, the Jets would be part of a multi-club model set up along the same lines as Melbourne City, which are part of the City Football Group.
It could potentially give the Jets an advantage over the majority of clubs in the A-League which are lone entities.
The multi-club model, which is popular in the US and Europe, opens pathways for players and coaches.
The Jets had previously attracted interest from an American-based consortium, which had a portfolio of clubs including English League One club Ipswich Town, USL club Phoenix Rising and Danish club Helsingor.
The latest interested party is believed to have a similar profile.
Financial advisory form KordaMentha have been conducting the sale in conjunction with Jets executive chairman Shane Mattiske.
The Jets have been bankrolled by the owners of four rival clubs since previous owner Martin Lee had his A-League license stripped in January 2021 over unpaid debts and lack of investment.
The arrangement was always a temporary measure, with the aim now to finalise a sale by Christmas.
Mattiske said the talks were confidential but confirmed they had been positive.
"We have had strong engagement with parties who are interested and remain confident it will be completed by the end of the year," Mattiske said.
Meanwhile, Mattiske expects to know by Friday if Gary van Egmond will take up a job in China but has ruled out the coach being able to work for both organisations.
Van Egmond is believed to be the preferred candidate to head up China's national women's youth program.
The 58-year-old, who coaches the Jets women and heads the academy, made a whirlwind trip to China last week to explore the opportunity and met with Mattiske on Tuesday.
"At this point in time, there is not a definite offer," Mattiske said. "Gary has advised us that he will know by the end of the week if there is an offer and whether he is willing to accept it.
"If he was to take the position it is something he would have to focus on solely. He would not be able to continue his roles at the Jets."
Van Egmond was approached last month about the position in China and has since been in talks with the Asian powerhouse.
A coach needs to be in place at the start of the year to prepare the China side in the lead-up to women's under-20 Asian Cup to be held in Uzbekistan in March.
Finalised by Christmas? Must be pretty close to signed and sealed.
"It is not that I am afraid to die; its just that I don't want to be there when it happens" - Woody Allen
Hoping this means new players can be signed for the January window, but even then it’ll be good to have new owners who can figure out what’s working and what’s not between now and the start of next season so we can put forth a competitive team for next season.
Let?s go Red Bull Newcastle!
So if we are looking at an MCO with clubs in America & Europe, could narrow it down a little.
- Red Bull
- 777 Partners
- Redbird Capital Partners
- Eagle Football Holdings
To the best of my knowledge 777 have a stake in Victory
I know we have got excited in the past about a potential owner but this seems fairly advanced don?t you think.
They must be a long way down the garden path if they think it will be done by Xmas. Fingers crossed
I interpreted that part of the article to be referencing the concept of MCOs were popular in America and Europe.
Not so much the MCO interested in us is a MCO with popular teams in Europe and America.
Regardless. Exciting if we get anybody with experience with a football club. It’s hard to see how it can get worse.
Worse would be to keep Mattiske
I think Mattiske's job was never to get results on the field, he had no budget for that.
His job was to get the club in a reasonable shape for a potential buyer.
100%
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