09-06-2021, 05:24 PM
(09-06-2021, 01:31 PM)teeftwo Wrote: David - You presumably know that Tornante is an umbrella investment company consisting of several smaller companies which are of themselves independent business operations running within their own parameters and that money does not flow freely between the various organisations.So what have the Yanks incvested in..? They put 10 mill in to our club which is a drop in the ocean in terms of football..no financial backing for a new manager..and a lick of paint at FP ...no more thsn the PST could do..Eisners have bern stringing us along and continue to do so. Wait while we fight relegation after September onwards. The club has not progressed in past 4 years..! If anything slowly sliding backwards...
Your figure of 1.3 billion refers to, I assume, the (three month old) news that the Topps Trading Card company is planning to go public and that the valuation of that share issue is $1.3 billion. So unrelated to PFC.
The IPO is planned for later in the year so it's not like Tornante currently has a slush fund of $1.3 Billion
Relies on all shares in the IPO being taken at the price assumed to generate $1.3 Billion
After issue the Topps company will presumably offer dividends so profit from Topps to Tornante will be reduced.
The IPO is in the form of a SPAC (happy coincidence) and at the end of it the actual money Tornante will make will likely be closer to $700 million. When purchased the Topps company cost around $350 million so the profit is more likely to be around £350 million.
Before taxes etc.
You're only around $1 billion out.
So apart from being wrong in every single aspect, what is your point?