Takeover

What like those of us in the West stand?

 

I was under the impression from posters supposedly in the know on here that the reason the deal couldn’t move forward was because president Xi had ordered a decree banning foreign purchases of football clubs , sports leisure, types of company’s like that .

Alex Zheng co founded the Plateno group with Chien Lee
Zheng is president of Plateno hotel group and is a Chinese National and a consortium member
Jinjiang international are 81% shareholders of the Plateno group who are a state owned company
So the Chinese government own the hotel group

There was talk that maybe at the 19th National Chinese party meeting a few weeks ago that decree would be reversed by Xi
He did not in his speech and I can find no reference that he did outside of that speech.

So have we got to just wait and see if that does happens as it could happen tommorow or could never happen which would be ludicrous as the club would be in limbo

Or wasn’t that the reason at all ?
as people are now saying now there is a big meeting taking place soon with all party’s included .

 

Think youve got your wires crossed. The 7pm meeting is a Supporters Trust meeting on Weds 15th, to be attended by Mr Cryne and Mr Ganaye. The 17th is a rumoured meeting of the takeover parties for which no time has been specified.

 

That's correct TNC

 

So theyre still negotiating? No sign of the end in sight?

 

Not really accurate that mate. Well not accurate at all.

Banks may insist on due diligence, but that’s because they’re lending. There is no legal requirement per se to instruct lawyers.

If someone is buying a business it is totally their choice to use a lawyer to do the due diligence, or take a risk do none.

 

The end is nigh.

 

Indeed

 

No.

 

What is people’s take on one of Alexander Jarvis (blackridge) latest tweet
Doesn’t look very promising to me Q2 2018 is April may june
If rule doesn’t change then , is it Q3/4 or 2019 or ever
How long can you wait.
Alexander Jarvis
@Ajarvis8
·
22h

An interesting 6 months: SAFE, NDRC, MOFCOM and then the State Council cracked down on Chinese investors investing in European football clubs. Government position unlikely to change anytime soon. Q2, 2018 hopefully*note - still plenty of Chinese capital overseas and intent

 

Pretty sure Mr. Lee is an American citizen, so it might not affect him.

 

Where there’s a will, there’s a way.