Takeover deal collapse

Discussion in 'Bulletin Board' started by Brian Mahoneys Waist, Oct 12, 2017.

  1. Bri

    Brian Mahoneys Waist Well-Known Member

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    According to the Daily Mail
     
  2. Jimmy cricket

    Jimmy cricket Well-Known Member

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  3. Gordon Owen

    Gordon Owen Well-Known Member

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    Wouldn't read too much into that
     
  4. Sta

    Stahlrost Well-Known Member

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    Get ready for the dragon to breathe fire all over the BBS.
     
  5. Merde Tete

    Merde Tete Well-Known Member

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    Looks like a bit of a non-story during the international break to me.
     
  6. MarioKempes

    MarioKempes Well-Known Member

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    No quotes or sources and some quite ambiguous wording. It all sounds like speculation to me.
     
  7. Gordon Owen

    Gordon Owen Well-Known Member

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    So because it wasn't completed in September, when most media outlets were speculating it would be it's apparently collapsed. PC's met with two of the consortium over recent weeks.
     
  8. Jimmy cricket

    Jimmy cricket Well-Known Member

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    I wouldn’t believe the Daily Fail if it told me the earth was round.
     
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  9. Red

    Reds Fan Active Member

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    Surely proof of funds would be asked about pretty early in the negotiations. You wouldn't get to the verge of completing and only then ask "so you do actually have some cash don't you?"
     
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  10. Sta

    Stahlrost Well-Known Member

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    So the deal has fallen flat then?
     
  11. Jimmy cricket

    Jimmy cricket Well-Known Member

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    Sean Lewis and chums got quite far down the road but I can’t see Mr Cryne being quite so daft.
     
  12. Gordon Owen

    Gordon Owen Well-Known Member

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    Must have bought Nice for a bag of gobstoppers
     
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  13. Donny Red

    Donny Red Well-Known Member

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    Wasn't the latest understanding that the deal has been agreed and was now with the EFL
    for sign off.? Would they have gone as far as initiating a new shares deal and putting Patrick's
    wife and son on the board if proof of funds has not already have been forthcoming.?
    Seems a strange way of doing business if all the " legwork" has been done then calling for proof
    that the Consortium has the cash to fund the deal as one of the final parts of the process.?
     
  14. Jay

    Jay Well-Known Member

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    I have absolutely no idea one way or another, but that article appears to be based on passing a deadline that never was, which they probably made up in the first place. Doesn't mean they're wrong, deals fail all the the time, but equally it doesn't seem to have any substance at all. The most telling line being the final one: "Jarvis, Barnsley and a spokesman for Beane all declined to comment." Unspecified sources is newspaper shorthand for 'we've made all this s.hit up.'
     
  15. andytyke

    andytyke Administrator Staff Member Admin

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    worst thing ever Beane getting involved from a media reporting point of view. its all they go on about now. no mention in that report of the actual main guys taking over. If Beane wasn't supposedly involved that report would have been 5 lines long
     
  16. Young Nudger

    Young Nudger Well-Known Member

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    If this deal fails - then the club will still be sold - no matter who it gets sold to - it's going to be sold.

    Bit like Brexit really - no matter what the EU comes up with to stall the agreement - the U.K. Is leaving the EU.

    So my advice would be to the EU to take it seriously - and same applies to Billy Beane and co - it's going to happen one way or another.
     
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  17. shed131

    shed131 Well-Known Member

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    Some lazy 2hat sat behind a desk in idiot citywhos been sat reading this board....no doubt....
     
  18. pon

    pontyender Well-Known Member

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    Sean Lewis got away with it for a while.
     
  19. pon

    pontyender Well-Known Member

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    The EFL will be asking for proof of funds I would have thought.
     
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  20. Young Nudger

    Young Nudger Well-Known Member

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    The drip drip drip from Dragons fangs has fallen on the sleeping forehead of a sports writer at the Daily Mail.
     

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