Several DDs can happen at the same time. We once had 3 on the go simultaneously. The two bids"excepted" dont have to be the same monetary value----could be money up front and then bolt-ons , money but certain assets NOT included,all debts paid and all the dosh etc etc
Its believed RD has a preferred bidder which could mean anything ,but given the old c--nts track record is more than likely to mean he ends up keeping the freehold to The Valley. The other "excepted bid" might be more dosh but RD has to sell the lot.
I see. Hard to see how we can have any idea when it will be concluded in the case there are still 2 bidders. The official announcement doesn't generate this impression.
An update received from R. Murray: 'There's a process in motion. Don't worry.' The response? Some relief, but also 'Good grief!' Sell the club, Mr D. And please hurry.
Several DDs can happen at the same time. We once had 3 on the go simultaneously. The two bids"excepted" dont have to be the same monetary value----could be money up front and then bolt-ons , money but certain assets NOT included,all debts paid and all the dosh etc etc
Its believed RD has a preferred bidder which could mean anything ,but given the old c--nts track record is more than likely to mean he ends up keeping the freehold to The Valley. The other "excepted bid" might be more dosh but RD has to sell the lot.
Tic toc Tony tic toc
Your use of the word “excepted” really annoyed me then for no real reason other than being totally wrong
Then I read the last few pages and cheered up
Hoping Redhenrys group are still in the running. I’m assuming they are as it’s definitely not the Scottish consortium
Several DDs can happen at the same time. We once had 3 on the go simultaneously. The two bids"excepted" dont have to be the same monetary value----could be money up front and then bolt-ons , money but certain assets NOT included,all debts paid and all the dosh etc etc
Its believed RD has a preferred bidder which could mean anything ,but given the old c--nts track record is more than likely to mean he ends up keeping the freehold to The Valley. The other "excepted bid" might be more dosh but RD has to sell the lot.
Tic toc Tony tic toc
Your use of the word “excepted” really annoyed me then for no real reason other than being totally wrong
Then I read the last few pages and cheered up
Hoping Redhenrys group are still in the running. I’m assuming they are as it’s definitely not the Scottish consortium
Dont forget the article from McLeish the other week saying that the Scottish lot being unable to match the price wanted by Roland
I'm going with: Party One = Andrew Muir | Party Two = The group that RedHenry has been talking about
Several DDs can happen at the same time. We once had 3 on the go simultaneously. The two bids"excepted" dont have to be the same monetary value----could be money up front and then bolt-ons , money but certain assets NOT included,all debts paid and all the dosh etc etc
Its believed RD has a preferred bidder which could mean anything ,but given the old c--nts track record is more than likely to mean he ends up keeping the freehold to The Valley. The other "excepted bid" might be more dosh but RD has to sell the lot.
Tic toc Tony tic toc
Your use of the word “excepted” really annoyed me then for no real reason other than being totally wrong
Then I read the last few pages and cheered up
Hoping Redhenrys group are still in the running. I’m assuming they are as it’s definitely not the Scottish consortium
Dont forget the article from McLeish the other week saying that the Scottish lot being unable to match the price wanted by Roland
I'm going with: Party One = Andrew Muir | Party Two = The group that RedHenry has been talking about
Agreed. Funnily enough I think the Scots weren’t a million miles off but they didn’t like Roland’s negotiation tactics and there 100% not back in the running.
Hope I am wrong but I fear Roland is selling the club to one bidder and The Valley plus Sparrows Lane to another. That would explain the reference to 2 separate parties made by RM. A nightmare scenario.
I could see a scenario where the Aussies did DD and agreed a price then said they needed time to raise investment and went past their exclusivity period. RD says to them he will continue to look for other purchasers then and finds redhenrys Uber trillionaires and agrees a price with them and gives them exclusivity on a SPA. The mega rich are happy, the Aussies have not been mistreated and are kept in the wings if the others do not perform and they can raise the funds.
Not in the know, just adding 2+2, but it seems plausible.
I could see a scenario where the Aussies did DD and agreed a price then said they needed time to raise investment and went past their exclusivity period. RD says to them he will continue to look for other purchasers then and finds redhenrys Uber trillionaires and agrees a price with them and gives them exclusivity on a SPA. The mega rich are happy, the Aussies have not been mistreated and are kept in the wings if the others do not perform and they can raise the funds.
Not in the know, just adding 2+2, but it seems plausible.
Without proof of funding I would think it highly unlikely that Roland would have allowed DD or entered into negotiations.
I completely stand by what I said before. There is only one buyer. There was talk of DD's and that 2or more could be going on at the same time. DD is either to confirm or amend a bid and so we are past that stage if price and terms are agreed. There was also talk of time between exchange and completion. It is quite normal, even in large transactions for exchange and completion to take place at the same time. Until that day the parties (! i.e. buyer and seller) rely on Heads of Terms, although much of this document is unenforceable except on exclusivity and non-disclosure. A contract race would be very unattractive to buyers and no-one is suggesting that RD is desperate on an early completion
Or both bids are on the low side from Duche's perspective but he knows it's time to sell and will not get a higher return. The other parties are willing to go with it as they could get the club for a decent price.
I completely stand by what I said before. There is only one buyer. There was talk of DD's and that 2or more could be going on at the same time. DD is either to confirm or amend a bid and so we are past that stage if price and terms are agreed. There was also talk of time between exchange and completion. It is quite normal, even in large transactions for exchange and completion to take place at the same time. Until that day the parties (! i.e. buyer and seller) rely on Heads of Terms, although much of this document is unenforceable except on exclusivity and non-disclosure. A contract race would be very unattractive to buyers and no-one is suggesting that RD is desperate on an early completion
So what’s your explanation of Olly’s comment that there are still 2 parties involved?
I completely stand by what I said before. There is only one buyer. There was talk of DD's and that 2or more could be going on at the same time. DD is either to confirm or amend a bid and so we are past that stage if price and terms are agreed. There was also talk of time between exchange and completion. It is quite normal, even in large transactions for exchange and completion to take place at the same time. Until that day the parties (! i.e. buyer and seller) rely on Heads of Terms, although much of this document is unenforceable except on exclusivity and non-disclosure. A contract race would be very unattractive to buyers and no-one is suggesting that RD is desperate on an early completion
I completely stand by what I said before. There is only one buyer. There was talk of DD's and that 2or more could be going on at the same time. DD is either to confirm or amend a bid and so we are past that stage if price and terms are agreed. There was also talk of time between exchange and completion. It is quite normal, even in large transactions for exchange and completion to take place at the same time. Until that day the parties (! i.e. buyer and seller) rely on Heads of Terms, although much of this document is unenforceable except on exclusivity and non-disclosure. A contract race would be very unattractive to buyers and no-one is suggesting that RD is desperate on an early completion
The others have asked you valid questions but what I want to know is......why Kinsella7 when the great man wore the number 8?
Roley needs to give the impression there is more than one buyer to keep pressure on the price and any extras, and also momentum on the sale. Purposeful albeit confusing use and timing of words perhaps
I completely stand by what I said before. There is only one buyer. There was talk of DD's and that 2or more could be going on at the same time. DD is either to confirm or amend a bid and so we are past that stage if price and terms are agreed. There was also talk of time between exchange and completion. It is quite normal, even in large transactions for exchange and completion to take place at the same time. Until that day the parties (! i.e. buyer and seller) rely on Heads of Terms, although much of this document is unenforceable except on exclusivity and non-disclosure. A contract race would be very unattractive to buyers and no-one is suggesting that RD is desperate on an early completion
The others have asked you valid questions but what I want to know is......why Kinsella7 when the great man wore the number 8?
So my pal’s info was spot on. One bidder pulled out, two remain, legal loose ends to be tied up. Not sure how it works with ‘two bids accepted’. But to me, great news that the sale is only ‘weeks away’.
Ah, Airman was saying weeks ago that there was a preferred bidder, and it was just a matter of time.... the other bidder must be waiting in the wings, as the previous poster also suggested.
There was a "done deal" on February 8th, at least in the eyes of 1) the interested party (almost certainly the Aussies) and 2) someone close to the legal process. Soon after that I was told TWO parties had agreed a price by a completely different source.
I doubt there is a “race” to do the paperwork. I think the Aussies have done it and were ready to go, but RD wants to sell to the other party if he can. If they fall at the last he will go back to the Aussies.
So my pal’s info was spot on. One bidder pulled out, two remain, legal loose ends to be tied up. Not sure how it works with ‘two bids accepted’. But to me, great news that the sale is only ‘weeks away’.
There was a "done deal" on February 8th, at least in the eyes of 1) the interested party (almost certainly the Aussies) and 2) someone close to the legal process. Soon after that I was told TWO parties had agreed a price by a completely different source.
I doubt there is a “race” to do the paperwork. I think the Aussies have done it and were ready to go, but RD wants to sell to the other party if he can. If they fall at the last he will go back to the Aussies.
Comments
The two bids"excepted" dont have to be the same monetary value----could be money up front and then bolt-ons , money but certain assets NOT included,all debts paid and all the dosh etc etc
Its believed RD has a preferred bidder which could mean anything ,but given the old c--nts track record is more than likely to mean he ends up keeping the freehold to The Valley. The other "excepted bid" might be more dosh but RD has to sell the lot.
Tic toc Tony tic toc
'There's a process in motion. Don't worry.'
The response? Some relief, but also 'Good grief!'
Sell the club, Mr D. And please hurry.
Then I read the last few pages and cheered up
Hoping Redhenrys group are still in the running. I’m assuming they are as it’s definitely not the Scottish consortium
I'm going with: Party One = Andrew Muir | Party Two = The group that RedHenry has been talking about
Not in the know, just adding 2+2, but it seems plausible.
There was talk of DD's and that 2or more could be going on at the same time. DD is either to confirm or amend a bid and so we are past that stage if price and terms are agreed.
There was also talk of time between exchange and completion. It is quite normal, even in large transactions for exchange and completion to take place at the same time. Until that day the parties (! i.e. buyer and seller) rely on Heads of Terms, although much of this document is unenforceable except on exclusivity and non-disclosure.
A contract race would be very unattractive to buyers and no-one is suggesting that RD is desperate on an early completion
Murray just worded it wrong.
Purposeful albeit confusing use and timing of words perhaps
Miss Katona picking through the bones of today’s developments.
But to me, great news that the sale is only ‘weeks away’.
Ah, Airman was saying weeks ago that there was a preferred bidder, and it was just a matter of time.... the other bidder must be waiting in the wings, as the previous poster also suggested.
I doubt there is a “race” to do the paperwork. I think the Aussies have done it and were ready to go, but RD wants to sell to the other party if he can. If they fall at the last he will go back to the Aussies.
Piece of string?