Confimred new owners of Raeding Footbal Club

[ZacNaloen]

The account was invented this afternoon

[loyalroyal4life]

Forbes disagrees:

http://www.forbes.com/teams/houston-texans/

What's your source?

I admit that sounds more positive than the sentence I read (I've been a few McNair articles earlier, mainly trying to establish if he actually was interested in buying a club so I can't source the exact one.) so what does that make the team's debt??? 13% of value I think it said, is that 13% of the $1.4B value of the franchise?

Just looked a bit deeper into that $600M debt thing:

"His stake in Houston Texans is worth $630 million net of debt."

Puts a slightly different complexion on things wouldn't you say?

Please clarify, worth x amount of debt does not mean alot to me

[sandman]

The American businessman behind the buyout is revealed.

Awww son of a bitch.

[Elm Park Pasty]

Forbes disagrees:

http://www.forbes.com/teams/houston-texans/

What's your source?

I admit that sounds more positive than the sentence I read (I've been a few McNair articles earlier, mainly trying to establish if he actually was interested in buying a club so I can't source the exact one.) so what does that make the team's debt??? 13% of value I think it said, is that 13% of the $1.4B value of the franchise?

Just looked a bit deeper into that $600M debt thing:

"His stake in Houston Texans is worth $630 million net of debt."

Puts a slightly different complexion on things wouldn't you say?

Very much so, not afraid to admit when I'm wrong .

[ZacNaloen]

So what does it mean? We aren't all accountants ffs

[Elm Park Pasty]

So what does it mean? We aren't all accountants ffs

I am taking it to mean that $630M of his holding is his, whereas the remainder is presumably still owed to someone.

[Samrfc01]

Means his stake is worth $630 million before any debt doesn't it?

[chilipepper91]

The American businessman behind the buyout is revealed.

No chance

No chance in hell

[Uke]

What's happened to the Omanis?

[Elm Park Pasty]

What's happened to the Omanis?

We found someone with more oil, and a better range of Half-Time snacks

[RoyalBlue]

Means his stake is worth $630 million before any debt doesn't it?

Isn't it the other way around?

So even after debts are settled he would have something worth $630M?

And overall his net worth is meant to be $1.8 Billion.

Mind you, don't the Yanks have smaller billions than us, so a bit pf a pauper really!

[MouldyRoyal]

Yes, assets less debt. The value of his holding after the affect of debt.

[elman]

All billions are the same now,
1. (Mathematics) one thousand million: it is written as 1 000 000 000 or 109
2. (Mathematics) (formerly, in Britain) one million million: it is written as 1 000 000 000 000 or 1012
Still adds up to a lot of dosh

[Rob-Royal]

I won't believe any of this until Madejski comes out and clearly states that this really is the dream ticket for Reading Football Club......................

[Pepe the Horseman]

Sooo, is this good, or bad?

[Brum Royal]

All billions are the same now,
1. (Mathematics) one thousand million: it is written as 1 000 000 000 or 109
2. (Mathematics) (formerly, in Britain) one million million: it is written as 1 000 000 000 000 or 1012
Still adds up to a lot of dosh

So which one is it? 10^9 or 10^12

[winchester_royal]

Sooo, is this good, or bad?

Or ugly?

[Brum Royal]

Sooo, is this good, or bad?

Or ugly?

Difficult to tell as we don't quite know who these guys are yet

[Elm Park Pasty]

Sooo, is this good, or bad?

Probably good, as he seems to be worth shitloads even if the Texans tanked overnight.

[winchester_royal]

Plus he booted their coach which offers hope to the #AdkinsOut brigade