Does anyone know if the ex-Director creditors have been approached by ESI with an offer to buy out the debts?
It's possible that it's ESI stalling, rather than the EFL, to get clean title first.
This was done well in advance of the announcement, but obviously the money won’t be paid prior to EFL approval. I don’t believe we are within the anticipated timescales, because they began before November 29th, and are now being stretched for PR purposes.
What do you mean by being stretched for PR purposes?. What is it you know or understand?
From a PR perspective you want everything to look smooth and under control, which benefits the public image of your clients. You don't want any suggestion that they are struggling to get the deal over the line, if that is the case.
The EFL has more mixed interests, because it knows that fans will blame them for holding things up if they believe everything is in place and there is no reason to delay. As I said earlier, RD is banging the table and demanding the EFL get it done. He is threatening to go public. They are not within his timescale.
My view, for the time being anyway, is let the EFL do their job. But the rules actually say, I believe, that bidders should give the EFL ten days' notice or similar. The EFL didn't find out about it on November 29th.
I don't remember a specific time scale. The rules just say that one will be agreed between EFL and purchaser, no length of time mentioned. They will get back to them within I think 5 days to inform them of the time scale.
“ In terms of timing on the appointment of a director or new owner, advanced notification is required, and the club needs to make the application at least 10 working days prior to the date on which the person is to become a director, and the league is required to respond within five working days of receipt of the application to confirm in the case of the EPL whether or not the person can become a director or is disqualified, and in the case of the EFL to advise on the expected timing to consider an application.”
Does anyone know if the ex-Director creditors have been approached by ESI with an offer to buy out the debts?
It's possible that it's ESI stalling, rather than the EFL, to get clean title first.
This was done well in advance of the announcement, but obviously the money won’t be paid prior to EFL approval. I don’t believe we are within the anticipated timescales, because they began before November 29th, and are now being stretched for PR purposes.
What do you mean by being stretched for PR purposes?. What is it you know or understand?
From a PR perspective you want everything to look smooth and under control, which benefits the public image of your clients. You don't want any suggestion that they are struggling to get the deal over the line, if that is the case.
The EFL has more mixed interests, because it knows that fans will blame them for holding things up if they believe everything is in place and there is no reason to delay. As I said earlier, RD is banging the table and demanding the EFL get it done. He is threatening to go public. They are not within his timescale.
My view, for the time being anyway, is let the EFL do their job. But the rules actually say, I believe, that bidders should give the EFL ten days' notice or similar. The EFL didn't find out about it on November 29th.
If they are super confident that everything is fine and they can get it through at anytime, then timing could be planned.
I can think of some advantages as long as the scouting and contacts have been made to make the signings we would like. It would create a wave of support and enthusiasm and drive us forward.
I like this idea. It would fit in with all the Instagram posts. I think people ITK may be aware of this 😉
What I like about this thought is that it is pissing off Rolly and he is still paying out for everything.
Does anyone know if the ex-Director creditors have been approached by ESI with an offer to buy out the debts?
It's possible that it's ESI stalling, rather than the EFL, to get clean title first.
This was done well in advance of the announcement, but obviously the money won’t be paid prior to EFL approval. I don’t believe we are within the anticipated timescales, because they began before November 29th, and are now being stretched for PR purposes.
What do you mean by being stretched for PR purposes?. What is it you know or understand?
From a PR perspective you want everything to look smooth and under control, which benefits the public image of your clients. You don't want any suggestion that they are struggling to get the deal over the line, if that is the case.
The EFL has more mixed interests, because it knows that fans will blame them for holding things up if they believe everything is in place and there is no reason to delay. As I said earlier, latesRD is banging the table and demanding the EFL get it done. He is threatening to go public. They are not within his timescale.
My view, for the time being anyway, is let the EFL do their job. But the rules actually say, I believe, that bidders should give the EFL ten days' notice or similar. The EFL didn't find out about it on November 29th.
Don’t buy that, this is the same EFL that took three weeks to agree the Hamed transfer.They are a flawed organisation and needs a full overhaul from top to bottom. Even the stupid woman, who was in temporary charge of the EFL at the play offs when she went to shake Chris Solly’s hand said well played, he wasn’t even in the squad, shows how much attention she paid. They continually failed clubs, players and fans by letting spivs run clubs and ruin them. I cant see how this latest comment of RD is banging a table and threatening to go public has come from. No one can second guess him and I think it is just whipping up hysteria again which we don’t need. The man is a billionaire and this money is just topping up the pension fund. This is also a major transaction in terms of money as well as the number of people involved from the consortium to past directors and I would imagine that there is paperwork that has to be signed off by all parties before anything can be announced.
If they are super confident that everything is fine and they can get it through at anytime, then timing could be planned.
I can think of some advantages as long as the scouting and contacts have been made to make the signings we would like. It would create a wave of support and enthusiasm and drive us forward.
I don't think so... If this was the case, why not do it 5th December
Could the reason for Bowyer's 'strange' comment be that the new owner is only worth 'several hundred million' and not 'billions' and therefore cannot get messi and co as first thought??
That sounds promising and the first time I’ve seen TN’s personal wealth mentioned. Is several hundred million enough ? or does he have the Sheiks backing ?
"The Abu Dhabi consortium set to take over at Charlton Athletic was questioned by the English Football League over the extent of its links with the owners of Manchester City, the Daily Telegraph understands.
East Street Investments, headed up by two executives from the private office of one of the six ruling families, has subsequently provided proof that funds available for the club are private and unrelated to those of Sheikh Mansour at City. Tahnoon Nimer, a majority shareholder worth several hundred million pounds, is understood to have handed over evidence which effectively rules out any "dual ownership" issues with the Premier League champions after directors' test interviews last week."
Seems to back up the view that it's not the proof of funds but the source of funds that has been the sticking point.
And not the EFL to blame either.
But of course we don't know where the Telegraph got this version of events.
Sounds like the end game here is City will be sold on at some point (started last month with the US investment) and we'll eventually become Sheikh Mansours number one club who go on to dominate European football for decades
Sounds like the end game here is City will be sold on at some point (started last month with the US investment) and we'll eventually become Sheikh Mansours number one club who go on to dominate European football for decades
Oh my gawd how terrible, all those trophies, what would we moan about?
Comments
source: https://www.lawinsport.com/topics/item/a-guide-to-the-owners-and-directors-test-in-english-football
"His excellency looking stupendous"
lol
we’re fucking skint
We’re fucking skint
we’re fucking skint
We’re fucking skint
They continually failed clubs, players and fans by letting spivs run clubs and ruin them.
I cant see how this latest comment of RD is banging a table and threatening to go public has come from. No one can second guess him and I think it is just whipping up hysteria again which we don’t need. The man is a billionaire and this money is just topping up the pension fund.
This is also a major transaction in terms of money as well as the number of people involved from the consortium to past directors and I would imagine that there is paperwork that has to be signed off by all parties before anything can be announced.
"The Abu Dhabi consortium set to take over at Charlton Athletic was questioned by the English Football League over the extent of its links with the owners of Manchester City, the Daily Telegraph understands.
East Street Investments, headed up by two executives from the private office of one of the six ruling families, has subsequently provided proof that funds available for the club are private and unrelated to those of Sheikh Mansour at City. Tahnoon Nimer, a majority shareholder worth several hundred million pounds, is understood to have handed over evidence which effectively rules out any "dual ownership" issues with the Premier League champions after directors' test interviews last week."
Seems to back up the view that it's not the proof of funds but the source of funds that has been the sticking point.
And not the EFL to blame either.
But of course we don't know where the Telegraph got this version of events.