Don't know about the bored oil prince, is Mike getting bored and thinking of buying back in ?
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You are a right miserable sod you are sinkov. I come up with a fantastical hypothesis and you just shoot it down in flames.
Are you related to this dude..?
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Don't know about the bored oil prince, is Mike getting bored and thinking of buying back in ?
When I put my empathic Machiavellian head on sinkov, my thought process goes something like this.
Just what or who is this empathetic Machiavellian? Does this oxymoronic enigma exist outside of cyberspace or the more obtuse columns of the Grauniad? Perhaps it is the assassin who is truly sorry for you as they plunge a fatal dagger in your back. If so, I may to my cost have actually encountered one in real life though I do not heartily recommend the experience. If it is some machinating entrepreneur who intends to invest squillions in Burnley FC then I may be prepared to entertain the bitter sweet scenario.
Operators like ALK work on a 5 - 7 year investment cycle to maximise their investment. Even on a leveraged buy - out they will typically see out leveraging (Glazers excepted) to make the target more acceptable for a buy out. As it was leveraged in the first place, that is total return on almost zero investment.
ALK is likely to have a target value that, once reached, will mean that they are likely to sell (if they can).
After taking what they want out of the sales proceeds, they will probably use the larger pot of seed capital left from the sale to go for a bigger leveraged buy - out, with potential for even bigger profit.
One of the ways the rich get richer.
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very unassuming of you - OC....but as you well know, myself and Fritz Deutemeier strived for eight years to lick the interaction between a Newborn Star and the collision ratio of a neutronic superposition that originated at the beginning of time.....then we received that famed paper napkin from Bettys caf, replete with tea satins and butter dripped footprints leading us to answer that we had strived for so long to fathom....and what was it you told us, "it was a tough one, so much so, I had to have me a second cuppa char...... "
Amazing !
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