Doesn't that contradict what Airman said the other day?
American money, based on holding the assets. Australian control, based on owning the football club. However, the same source says the Americans will now back off.
This isn’t via JW, by the way.
how does that work? American company buy the ground and training facilities and aussie company buy the club?
Sounds like it to me.
Does that situation happen much in English football Airman, when it's divided like that. I know Ron Noades sold Palace to Mark Goldberg for 22 million without him owning the freehold of stadium and training ground. That arrangement ended in bankruptcy for Goldberg.
This sounds different but has this worked in pro football when two parties buy at the same time as landlord and tenant ?
I understand this is still speculation but we need something to hold on to.
Fair play to Jim White, telling us what he knows. It's not always accurate but he's giving us info in good faith and it's more than we've had in a long time.
All bullshine RD and LDT are the only ones that truely know what's happening, everyone else is just speculating. Inside info my arse we've all be down this road before when are people going to start growing wise to this load of old bull people are feeding us? Don't trust anything people say and just wait until it's all done and on the website confirming it .
Fair play to Jim White, telling us what he knows. It's not always accurate but he's giving us info in good faith and it's more than we've had in a long time.
Then what's the point in doing that.
I've been told the earth is flat. It might not be accurate but hey ho.....
Doesn't that contradict what Airman said the other day?
American money, based on holding the assets. Australian control, based on owning the football club. However, the same source says the Americans will now back off.
This isn’t via JW, by the way.
how does that work? American company buy the ground and training facilities and aussie company buy the club?
Sounds like it to me.
This cannot happpen and is a receipe for disaster.
Fair play to Jim White, telling us what he knows. It's not always accurate but he's giving us info in good faith and it's more than we've had in a long time.
No it isn't, because it's worth approximately fuck all. First it was within two/three days, then "next week" and then "not imminent yet" all from White. He may be saying what he's told in good faith but whoever is telling HIM doesn't seem to be so I put no faith in what he says. At all.
Doesn't that contradict what Airman said the other day?
American money, based on holding the assets. Australian control, based on owning the football club. However, the same source says the Americans will now back off.
This isn’t via JW, by the way.
So if the Americans are backing off, where does that leave the takeover?
I don’t think it stacks up because of RD’s valuation.
Never has,especially when buyers want clean title. Roland will have to buy out Ex Directors if a deal is to be done, and from what I have heard they have not been approached since low ball bid last year.
Depends how it it was structured, I guess. At RD’s likely valuation he can afford to take the ex-directors out. It’s correct they haven’t heard anything officially, it’s not true to say they aren’t aware of current manoeuvring.
Fair play to Jim White, telling us what he knows. It's not always accurate but he's giving us info in good faith and it's more than we've had in a long time.
Then what's the point in doing that.
I've been told the earth is flat. It might not be accurate but hey ho.....
At least you know there is an earth and that you are on it. Some of the details aren't clear but you have some indication of what's going on.
The loans seem to add a major complication. Why pay them up when you might never have to, but it is a potential liability that you would want reflected in the price if you were potentially buying it.
Doesn't that contradict what Airman said the other day?
American money, based on holding the assets. Australian control, based on owning the football club. However, the same source says the Americans will now back off.
This isn’t via JW, by the way.
So if the Americans are backing off, where does that leave the takeover?
I don’t think it stacks up because of RD’s valuation.
Never has,especially when buyers want clean title. Roland will have to buy out Ex Directors if a deal is to be done, and from what I have heard they have not been approached since low ball bid last year.
As I understand it the loans must be repaid if we ever get back to the Premier League, or at any time before then at the club's call?
In terms of valuation then it matters not whether or not the loans are paid off by RD or by the new owners upon taking control. Club with clean title £x million, Club without clean title £x-7 million. So it could still be sold by RD without talking to the ex-directors and become clean title very quickly after takeover.
That's if clean title is essential - if it isn't then they could buy the club for £7 million less than a clean title agreed valuation and leave the charges in tact.
I'm pretty sure it isn't the outstanding charges that is stopping the sale.
It is if buyer/buyers have said not our problem, you need to clear those charges ahead of a sale. Which I believe has happened or why suddenly at last moment in deal last year did he contact Ex Directors with a low ball bid? The only title has to be clean title, £7mn is still got to be paid sometime and even in 10years time at current interest rates paying later only saves the buyer around £1mn. More importantly it allows them to make Loans to the club secured by assets,unlike Roland who has unsecured debt and buyers know that.
Airman means they will back off as in leaving the Australians to run the club....NOT pulling out of the deal. FFS!
I don’t, I’m afraid. The prediction made to me is that they will back away from getting involved.
We've had our chains yanked again and once again the rug is pulled from under us. Always down to the totally unrealistic price that twat wants. Oh well. Stand down everyone.
Comments
I know Ron Noades sold Palace to Mark Goldberg for 22 million without him owning the freehold of stadium and training ground.
That arrangement ended in bankruptcy for Goldberg.
This sounds different but has this worked in pro football when two parties buy at the same time as landlord and tenant ?
I understand this is still speculation but we need something to hold on to.
As a
wiseman once said: just sell the club and F OFFI've been told the earth is flat. It might not be accurate but hey ho.....
Put the wise back.
FFS!
Which I believe has happened or why suddenly at last moment in deal last year did he contact Ex Directors with a low ball bid?
The only title has to be clean title, £7mn is still got to be paid sometime and even in 10years time at current interest rates paying later only saves the buyer around £1mn.
More importantly it allows them to make Loans to the club secured by assets,unlike Roland who has unsecured debt and buyers know that.
Ground hog day resumes.
Disappointed, France