Steven P 10:33 Tue Mar 13
Tripp Smith
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This is the guy we should be encouraging to step up. Anyone know what his intention was in buying out the Icelandics? There must be a long term strategy.
If he could get the rest of Blackstone involved then we would be serious contenders. Yes we would become a brand but is that any worse than what we have now?
"The Icelandic’s have finally sold their remaining ten percent shareholding of West Ham United to an American billionaire called Tripp Smith.
Albert ‘Tripp’ Smith joins the board of West Ham directors to oversee his new investment.
Smith is a Senior Managing Director of The Blackstone Group and a Founder of GSO Capital Partners which he sold to Blackstone in 2008 for about $1bn.
However, Claret and Hugh understand that Smith has bought the shares personally as a private investment and not on behalf of the Blackstone Group."
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Replies - In Chronological Order ( Show Newest Messages First)
whoareya
10:38 Tue Mar 13
Re: Tripp Smith
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The company he works for are well known for asset stripping and you think times are bad now. Do some research?
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WorldCupWilly
10:41 Tue Mar 13
Re: Tripp Smith
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He's also stated that he backs Gold and Sullivan!
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Vexed
10:42 Tue Mar 13
Re: Tripp Smith
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Yanks are bad news.
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Trevor B
10:43 Tue Mar 13
Re: Tripp Smith
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And the businesses they target are totally different from football clubs. The way to make money from a football club is in the long term, retaining PL status, and if the ambition and funding is there being in the CL. Acquiring us, selling our playing staff and being relegated do not good business sense, nor profit, make.
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Stubbo
10:51 Tue Mar 13
Re: Tripp Smith
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The clear opportunity with us is acquiring the stadium asset on the cheap.
This at some stage is inevitable given the continued losses it makes.
When that happens the clubs overall value will soar aling with any stake held in the club.
Gold in his interview talked about "losing money" on the loans he's put into West Ham over where those assets were previously.
But the club's sale value has risen by more than 100% since they bought us so his "loss making investments" pale in significance when looking at the bigger picture.
I've no trouble with them making money off of us as it goes but only if they fund the business appropriately along the way, which means investment in players (which IS the business of football).
The horse on every other aspect of what has happened has long since bolted.
They now either need to admit they can't fund the progression of the side adequately and fuck off, or to start implementing the myriad if funding mechanisms to get money into the club to improve the playing staff (and even that might be too late given our precarious position).
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Northern Sold
11:50 Tue Mar 13
Re: Tripp Smith
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Should have got Tabor in.... biggest mistake ever
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Steven P
12:03 Tue Mar 13
Re: Tripp Smith
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Totally agree NS. We can but dream that he renews his interest.
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Hermit Road
12:23 Tue Mar 13
Re: Tripp Smith
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This geezer is not the messiah. He will be looking to get as much cash as he cab from the club, it won't be his toy or a front for a Middle Eastern state.
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Trevor B
12:27 Tue Mar 13
Re: Tripp Smith
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Is he a very naughty boy?
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Eggbert Nobacon
12:29 Tue Mar 13
Re: Tripp Smith
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Northern Sold 11:50 Tue Mar 13
Re: Tripp Smith
Should have got Tabor in.... biggest mistake ever
If Tabor sold everything he owns he would not have enough to buy the club now
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Stubbo
1:13 Tue Mar 13
Re: Tripp Smith
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Tabor + associates on the other hand...
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Northern Sold
1:23 Tue Mar 13
Re: Tripp Smith
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Eggy... Oh all knowing messiah...You know Tabor well then?? Rough guestimate he's worth well over £2bn... and rising... his little gang of MATES (Derek Smith and John Magnier) are worth about the same... how much would you say our mighty club is worth??
In anycase that boat has sailed... he's knees deep in teh best thoroughbred breeding operation on teh 4 corners of the planet... no way would he come into football now...
MISSED THE BOAT BIGTIME
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WorldCupWilly
1:24 Tue Mar 13
Re: Tripp Smith
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Stubbo 10:51 Tue Mar 13
When that happens the clubs overall value will soar aling with any stake held in the club.
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If the stadium is bought, then there will be some severe penalties for selling up in the next 20 years or so. Also the value of the club will not necessarily go up much - the cost of maintaining the stadium will start to increase quite a bit in a few years time - something the club doesn't need to concern itself with at the moment.
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Steven P
1:26 Tue Mar 13
Re: Tripp Smith
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Eggbert Nobacon 12:29 Tue Mar 13
Re: Tripp Smith
Northern Sold 11:50 Tue Mar 13
What the fuck you talking about? That's the biggest load of shit I have ever heard on here.
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Northern Sold
1:26 Tue Mar 13
Re: Tripp Smith
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https://www.football.london/west-ham-united-fc/news/research-reveals-how-much-west-13020699
A football finance expert has rated West Ham United as LESS valuable than the likes of Norwich City, Aston Villa and West Brom - with the Hammers the fourth lowest of teams who competed in the 2015/16 Premier League.
It means only Swansea City, Watford and Sunderland come in at a lower overall price than the Hammers, whose total of £148m is remarkably less than double the £89.3m Manchester United shelled out on Paul Pogba last summer.
So basically Tabor could buy us about ten times over...
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Hermit Road
3:01 Tue Mar 13
Re: Tripp Smith
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With calculations like that you can see why he teaches finance rather than earning money out of like someone who really understand it would do. A valuation of less that is less than 4 times the annual profit is a bit fanciful.
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Eggbert Nobacon
3:06 Tue Mar 13
Re: Tripp Smith
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So basically Tabor could buy us about ten times over...
"Tabor regularly appears on the Sunday Times Rich List of the richest people in Britain. In 2012 his fortune was estimated to be £550 million;"
so no,
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LeroysBoots
3:07 Tue Mar 13
Re: Tripp Smith
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Tabor would be our Joe Lewis
BTW, Lewis is 81, owns Spurs and was born in Bow, WTF ?
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Eggbert Nobacon
3:07 Tue Mar 13
Re: Tripp Smith
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He values Newcastle at a figure even Mike Ashley didn't have the balls to ask for lol
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Trevor B
3:09 Tue Mar 13
Re: Tripp Smith
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Tabor was listed with 625m in the times last year.
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