europia Posted November 13, 2020 Share Posted November 13, 2020 2 hours ago, Asheville Ram said: Even when the transaction started in May and the lawyers have been working on it for months, £60million is not a big deal, the completion being constantly extended makes me think it is either last minute chipping or no funds visible. In monetary terms it's not a lot for a football club. Shows how keen Mr Morris is to get rid. To put it into perspective, Premier League clubs often shell out more than £60m on one player. They are perhaps, as you say into the fine details........ or scratching around for the funds. Link to comment Share on other sites More sharing options...
kevinhectoring Posted November 13, 2020 Share Posted November 13, 2020 40 minutes ago, G STAR RAM said: An agreement in principle has not long been agreed. Lawyers would not have been working day and night on a transaction for which the terms had not even been agreed. exactly trust in MM for goodness' sake !! don't you think that before the announcement was made they both said, "it's agreed, it's a done deal, let's sheikh on it" Link to comment Share on other sites More sharing options...
The_Sheriff Posted November 13, 2020 Share Posted November 13, 2020 When the EFL approve the deal what does that entail? Fit and proper persons proof of funds? If it goes south it means its a lucky escape. If it goes ahead it means all is legit. Link to comment Share on other sites More sharing options...
Comrade 86 Posted November 13, 2020 Share Posted November 13, 2020 More blouses than Topshop Link to comment Share on other sites More sharing options...
BathRam72 Posted November 13, 2020 Share Posted November 13, 2020 16 minutes ago, Cocu_Doodle_Do said: When the EFL approve the deal what does that entail? Fit and proper persons proof of funds? If it goes south it means its a lucky escape. If it goes ahead it means all is legit. You forget, the EFL will probably still want to get one over us for dodging their bullet a few weeks back. They might have approved a dud ?? Link to comment Share on other sites More sharing options...
ossieram Posted November 13, 2020 Share Posted November 13, 2020 1 hour ago, MackworthRamIsGod said: Chill? If this deal goes south our club is in big big trouble. And what can you do about it? Link to comment Share on other sites More sharing options...
Abu Derby Posted November 13, 2020 Share Posted November 13, 2020 It’s either the Sheikh or Michael Dell who will invest in the club - what can go wrong? We’ll either perish of thirst in an unforgiving desert of immeasurable misery or suffer a slow blue screen of death. Link to comment Share on other sites More sharing options...
BriggRam Posted November 14, 2020 Share Posted November 14, 2020 6 hours ago, NottsRammy said: Starting to get squeaky bum time now , I think were not being told something , it's easy to say massive sum lots to do , that's crap if they been talking since may . Something isnt right here got the feeling it's no funds version 3 . The disgruntled Geordie may have been right ?? Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted November 14, 2020 Share Posted November 14, 2020 9 hours ago, ossieram said: And what can you do about it? Discuss it on a forum with fellow football fans. Link to comment Share on other sites More sharing options...
Sith Happens Posted November 14, 2020 Share Posted November 14, 2020 10 hours ago, Cocu_Doodle_Do said: When the EFL approve the deal what does that entail? Fit and proper persons proof of funds? If it goes south it means its a lucky escape. If it goes ahead it means all is legit. Link to comment Share on other sites More sharing options...
Mucker1884 Posted November 14, 2020 Share Posted November 14, 2020 18 hours ago, JuanFloEvraTheCocu'sNesta said: Me mams dog walkers brother says his mate saw The Sheikh at B&Q looking for a lawn mower. Imminent. I saw my mate, the other week, He said that he'd seen a royal sheikh. So I asked, "Did he sign the deed?" It turns out it wasn't Sheikh Khaled. ... Sheikh Khaled... Sheikh Khaled... It turns out it wasn't Sheikh Khaled... Link to comment Share on other sites More sharing options...
CBRammette Posted November 14, 2020 Share Posted November 14, 2020 11 hours ago, europia said: In monetary terms it's not a lot for a football club. Shows how keen Mr Morris is to get rid. To put it into perspective, Premier League clubs often shell out more than £60m on one player. They are perhaps, as you say into the fine details........ or scratching around for the funds. Even the off the pitch/financial stuff we know about would be a field day for the buyer's lawyers and accountants. No surprise its not completed yet. Wonder if our announcement was an attempt to speed them along Link to comment Share on other sites More sharing options...
Curtains Posted November 14, 2020 Share Posted November 14, 2020 Have a listen to these 2 guys http://c.newsnow.co.uk/A/1054729073?-260:828 Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted November 14, 2020 Share Posted November 14, 2020 18 minutes ago, Curtains said: Have a listen to these 2 guys http://c.newsnow.co.uk/A/1054729073?-260:828 Amateurish. They sound perfect for us. Link to comment Share on other sites More sharing options...
Topram Posted November 14, 2020 Share Posted November 14, 2020 13 minutes ago, MackworthRamIsGod said: Amateurish. They sound perfect for us. Hopefully they’ve learnt the lesson, did it say they did have the money though? Link to comment Share on other sites More sharing options...
Ellafella Posted November 14, 2020 Share Posted November 14, 2020 12 hours ago, kevinhectoring said: exactly trust in MM for goodness' sake !! don't you think that before the announcement was made they both said, "it's agreed, it's a done deal, let's sheikh on it" ...and then MM probably proposed a celebratory drink, but non-alcoholic of course. I imagine MM said "Great! Drink? Fancy a milk, Sheikh?". ? Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted November 14, 2020 Share Posted November 14, 2020 15 minutes ago, Topram said: Hopefully they’ve learnt the lesson, did it say they did have the money though? It said they claimed to have the money and were able to afford their plans, it didn't say the bloke from the Chronicle had seen the funds, he had just seen paperwork and plans. Link to comment Share on other sites More sharing options...
NottsRammy Posted November 14, 2020 Share Posted November 14, 2020 54 minutes ago, MackworthRamIsGod said: Amateurish. They sound perfect for us. To be fair having listened to that those 2 sound just as amateurish as our blokes who are taking over might be who knows . You cant get anything from their comments at all. Whats concerning me is the amount of time this is taking is just hurting the club and Mel knows this , so i would think from Mels end he wants it done quick , so all you can take from this is the hold up is for some reason at their end . The fact its been going since may and has been kept secret , no one knew about this until last 2 weeks . Your not telling me they have kept it quiet this long and have slipped up in last 2 weeks , they have slipped up because they now dont mind it being out there as public information with the forming of that company derventino holdings or whatever it was . The club have said they will not comment further till the deal is complete is just harming things right now as its creating massive uncertainity which can only affect manager and staff and results . Unless something is said to reassure fans that the deal is going through and there is no reason to worry then there is GENUINE REASON TO WORRY ..........its taking to long !! . This has fake takeover version 3 from their end written ALL OVER IT !! The fact this was made PUBLIC you would think that means its over in a matter of days NOT 2 bloody weeks and counting . Link to comment Share on other sites More sharing options...
i-Ram Posted November 14, 2020 Share Posted November 14, 2020 It will be at least another couple of weeks yet. Letters of intent/Agreements in principal, and some broad sharing of financial information will have happened over recent months. I doubt any significant in depth analysis by the potential new owner’s legal/audit team will have commenced in earnest until EFL approval had been obtained, which was only last Thursday. Full disclosure procedures are probably now in hand, and this is where the buyers team will be earning their fees, looking through all documentation and dealing with the complexities of a number of companies Mel has created as his investment vehicles for the club. I would think proper due diligence in this kind of scenario will take c2-4 weeks in normal times. More difficult with Pearce having COVID, and Morris having to shield. No update on Pearce; hope he is ok. Once the due diligence is over then their will need to be a final negotiation on price, based on the findings. Let’s close the thread for a little while I would suggest. Focus all our energies on how Cocu and his team might prepare us for at least the next couple of matches. Two important matches for Phil. Hope we can get 6 points. Link to comment Share on other sites More sharing options...
Gaspode Posted November 14, 2020 Share Posted November 14, 2020 3 minutes ago, i-Ram said: It will be at least another couple of weeks yet. Letters of intent/Agreements in principal, and some broad sharing of financial information will have happened over recent months. I doubt any significant in depth analysis by the potential new owner’s legal/audit team will have commenced in earnest until EFL approval had been obtained, which was only last Thursday. Full disclosure procedures are probably now in hand, and this is where the buyers team will be earning their fees, looking through all documentation and dealing with the complexities of a number of companies Mel has created as his investment vehicles for the club. I would think proper due diligence in this kind of scenario will take c2-4 weeks in normal times. More difficult with Pearce having COVID, and Morris having to shield. No update on Pearce; hope he is ok. Once the due diligence is over then their will need to be a final negotiation on price, based on the findings. Let’s close the thread for a little while I would suggest. Focus all our energies on how Cocu and his team might prepare us for at least the next couple of matches. Two important matches for Phil. Hope we can get 6 points. How dare you come in here and talk sense? The ranting masses won't be happy with you..... Link to comment Share on other sites More sharing options...
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