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Wanderers Ways. Neil Thompson 1961-2021

Take Over


Kane57

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2 minutes ago, Sluffy said:

It certainly was something you would never expect any professional involved in confidential sale (let alone the Administrator) to give permission to a friend/colleague to spread the word that a deal is finalised all but and that he could quote his source as that from the top man himself!!!

Maybe he passed on a nod and a wink indicating that all was good but to allow him to tweet about it, giving his name as the source AND with his blessing to tell the world in advance of either a formal announcement or a statement from the new owners, seemed to be something quite extraordinary - and certainly would be seen as gross misconduct and a sackable offence back in my day.  

Reading the latest from Nixon, he seems to be saying that James/PBP has the power to block any deal on the hotel (which we which knew from the beginning - Iles apart) and that he(and Morris) seem to be at a position to either change horses to the other bidder, or simply take his/their £5.5m from the hotel sale and walk off.

I would interpret that more likely to mean IF there is another realistic purchaser for the club and hotel, then it is a question whether they are allowed/invited to invest into/buy out FV's position, or James simply continues with Brittan and this Keith Morris who is/was supposed to be investing into FV as by all accounts they were all but there already.

The press information about deal went to press as well. Not just JME.

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15 minutes ago, bwfcfan5 said:

Has he? I think the first thing to say here is that JME is actually involved in the deal. So whatever Nixon says JME knows what is really happening. Secondly what Nixon understands about insolvency can be written on a postage stamp.

The deal was due to be done Friday - it fell apart late in the evening over a detail. Not sure how that supports Nixon’s nonsense. 

 

Yeah Nixon is potentially just spinning the delay to make it look like he was right all along. 

If it completes monday, he'll say they blocked anyone else taking the hotel so the others walked away or something.

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4 hours ago, tomski said:

Good time to get rid of PP. I’m no fan of the manager (the bloke is a different matter) I think similar to some of the players too much has gone on to recover and it would be good for him and us to move on.

it was odd all Wycombes players and ainsworth coming over to clap us. Classy club, I hope they do well 

I've thought for a while now I'd love us to get Ainsworth as manager, proper bloke and just seems to have that ability to get the most out of the cards he's dealt.  When he's interviewed I always think players must love to play for him.  And he's from Lancashire too.

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13 minutes ago, Razaldo9 said:

Yeah Nixon is potentially just spinning the delay to make it look like he was right all along. 

If it completes monday, he'll say they blocked anyone else taking the hotel so the others walked away or something.

 Nixon thought it was completing Friday which is why he started saying he had a theory he would DM someone about the deal....

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1 minute ago, bwfcfan5 said:

The press information about deal went to press as well. Not just JME.

Can you kindly put up a link so I/we can see it please as I haven't seen this anywhere else in the public domain?  Even Iles hasn't named the Administrator, Mr Appleton as his source , let alone him giving Iles permission to break the news the club sale is all but done and dusted.

Also if JME is working for Cowgills (the clubs auditor I believe) and David Rubin and Partners are the Administrators and have not listed Cowgills as one of their agents they are using in the Administrators report they recently published then how do you know JME is working on the sale and is aware of all that is going on?

I don't doubt JME is aware of Mr Appleton and that they may be even be more friends than just professional colleagues?

JME is probably closer to what is happening than most but I still think it extremely odd that someone in such a responsible and confidential position as Mr Appleton is/has allowed his name to be given as a source for someone at best at the periphery of what is actually going on at the highest level of the negotiation of the sale/s, in order to break the news to us all - and not by more conventional official channels.

Times change, I know, but it I doubt there was ever an intention from Mr Appleton for JME to tweet that he had been given permission by him to break such news in the public domain.

Water under the bridge now though.

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1 minute ago, Sluffy said:

Can you kindly put up a link so I/we can see it please as I haven't seen this anywhere else in the public domain?  Even Iles hasn't named the Administrator, Mr Appleton as his source , let alone him giving Iles permission to break the news the club sale is all but done and dusted.

Also if JME is working for Cowgills (the clubs auditor I believe) and David Rubin and Partners are the Administrators and have not listed Cowgills as one of their agents they are using in the Administrators report they recently published then how do you know JME is working on the sale and is aware of all that is going on?

I don't doubt JME is aware of Mr Appleton and that they may be even be more friends than just professional colleagues?

JME is probably closer to what is happening than most but I still think it extremely odd that someone in such a responsible and confidential position as Mr Appleton is/has allowed his name to be given as a source for someone at best at the periphery of what is actually going on at the highest level of the negotiation of the sale/s, in order to break the news to us all - and not by more conventional official channels.

Times change, I know, but it I doubt there was ever an intention from Mr Appleton for JME to tweet that he had been given permission by him to break such news in the public domain.

Water under the bridge now though.

At roughly the same time Iles and Dearden tweeted the deal was set to complete the next day. I think there was also an article written in the BN eventually.

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47 minutes ago, bwfcfan5 said:

Has he? I think the first thing to say here is that JME is actually involved in the deal. So whatever Nixon says JME knows what is really happening. Secondly what Nixon understands about insolvency can be written on a postage stamp.

The deal was due to be done Friday - it fell apart late in the evening over a detail. Not sure how that supports Nixon’s nonsense. 

 

I later clarified what I meant in the post below the one you quoted.

On Thursday evening, JME tweeted that the deal for the sale of the club and the hotel to FV had been agreed and would be formally announced on Friday morning. Then on Friday morning he tweeted that the solicitors were “arguing or discussing contractual points that they still want resolving in their own way”. So, it hadn't been agreed.

He also tweeted on Friday that “completion is expected tonight but it could well be a late one”. Now his “money is on a completion early next week”.

Meanwhile, Nixon maintained that agreements still needed to be reached on three fronts - the club, the hotel and the football creditors.

He's (JME) also stated at various stages that the players had been paid, which which we now know wasn't quite accurate. Nixon was also the first to dispute that the players had actually been paid in full.

I've got no doubt that JME is passing on information that he's been provided (why would he lie?), and I appreciate that things change often in deals as complex as this one. But it is the case that he told us, understandably given the information he'd received and who he'd received it from, that the deal for the takeover had been agreed. And then told us that the announcement would happen on Friday morning, then Friday evening. Yet here we are. The takeover hasn't been completed, announced or even agreed as far as we're aware, and Iles is now also reporting that there's late interest in the hotel.

I'd rather he were right and Nixon were wrong, and I still expect that FV will complete a takeover at some stage. But it is correct that since Thursday evening, Nixon's been closer to the truth.

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8 minutes ago, bwfcfan5 said:

At roughly the same time Iles and Dearden tweeted the deal was set to complete the next day. I think there was also an article written in the BN eventually.

The big difference being neither Iles or Dearden put Appleton's name to it.

JME did - and in fact stated he was given Appleton's blessing to do so.

Seems completely unprofessional to me on Appleton's part if that was indeed the case.

I just find it hard that apparently he did so.

Why didn't Iles and Dearden do the same?

As I said though, water under the bridge now.

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17 minutes ago, Lt. Aldo Raine said:

I later clarified what I meant in the post below the one you quoted.

On Thursday evening, JME tweeted that the deal for the sale of the club and the hotel to FV had been agreed and would be formally announced on Friday morning. Then on Friday morning he tweeted that the solicitors were “arguing or discussing contractual points that they still want resolving in their own way”. So, it hadn't been agreed.

He also tweeted on Friday that “completion is expected tonight but it could well be a late one”. Now his “money is on a completion early next week”.

Meanwhile, Nixon maintained that agreements still needed to be reached on three fronts - the club, the hotel and the football creditors.

He's (JME) also stated at various stages that the players had been paid, which which we now know wasn't quite accurate. Nixon was also the first to dispute that the players had actually been paid in full.

I've got no doubt that JME is passing on information that he's been provided (why would he lie?), and I appreciate that things change often in deals as complex as this one. But it is the case that he told us, understandably given the information he'd received and who he'd received it from, that the deal for the takeover had been agreed. And then told us that the announcement would happen on Friday morning, then Friday evening. Yet here we are. The takeover hasn't been completed, announced or even agreed as far as we're aware, and Iles is now also reporting that there's late interest in the hotel.

I'd rather he were right and Nixon were wrong, and I still expect that FV will complete a takeover at some stage. But it is correct that since Thursday evening, Nixon's been closer to the truth.

I don’t agree. But it’s certainly complex. Your argument would mean that every tweet where someone says ‘this deal is never happening’ is also closer to the truth....

Sometimes you are ‘right by accident’. I’m not saying Nixon isn’t being fed information from sources and that there is almost certainly a grain of truth there. But he’s not close to the main players in the deal. 

Also the words used were carefully chosen - club deal agreed. I think that may well still be the case.

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12 minutes ago, Sluffy said:

The big difference being neither Iles or Dearden put Appleton's name to it.

JME did - and in fact stated he was given Appleton's blessing to do so.

Seems completely unprofessional to me on Appleton's part if that was indeed the case.

I just find it hard that apparently he did so.

Why didn't Iles and Dearden do the same?

As I said though, water under the bridge now.

Because iles and Deardon know better than to put his name in the paper. Doesn’t mean it isn’t him that told them. 

Iles has said previously he’s in contact with ‘the administrators’. 

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18 minutes ago, bwfcfan5 said:

I don’t agree. But it’s certainly complex. Your argument would mean that every tweet where someone says ‘this deal is never happening’ is also closer to the truth....

Sometimes you are ‘right by accident’. I’m not saying Nixon isn’t being fed information from sources and that there is almost certainly a grain of truth there. But he’s not close to the main players in the deal. 

Also the words used were carefully chosen - club deal agreed. I think that may well still be the case.

The deal is never happening” is a different thing altogether because it affirms that it won't go ahead. Nixon simply stated that the deal hadn't been agreed, which appears to be correct considering what's happened since. Even if he's right by accident, he's still right. That's what I meant when I referred to it playing out closer to his version of events.

And, for what it's worth, JME told us that the deal for both the football club and the hotel had been agreed.

Hopefully though, it get completed soon and we can start focusing on football.

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I find it highly unlikely that Sharron Brittan who by all accounts and from PP is an astute businesswoman would go to the hotel to speak with the team then turn up at the game  tell waiting reporters that she would speak to everyone next week at the game if FV were not going to get deal done.  She would lose all credibility if FV deal did not get done.

Also the EFL would never sanction the three players to play for us unless they were super sure the takeover would be done and not run and run remember that by doing that they have now played for one club so if it went wrong and they went on loan again they would be stuck with that club.  Also why sanction a two year deal for Brockbank a financial commitment for a club in admin.

My theory is that whatever the problem was has been sorted out but they wanted to get this game out of the way announce it Monday or Tuesday full steam ahead for Saturday 

 

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4 minutes ago, Chrisj said:

I find it highly unlikely that Sharron Brittan who by all accounts and from PP is an astute businesswoman would go to the hotel to speak with the team then turn up at the game  tell waiting reporters that she would speak to everyone next week at the game if FV were not going to get deal done.  She would lose all credibility if FV deal did not get done.

Also the EFL would never sanction the three players to play for us unless they were super sure the takeover would be done and not run and run remember that by doing that they have now played for one club so if it went wrong and they went on loan again they would be stuck with that club.  Also why sanction a two year deal for Brockbank a financial commitment for a club in admin.

My theory is that whatever the problem was has been sorted out but they wanted to get this game out of the way announce it Monday or Tuesday full steam ahead for Saturday 

 

I feel fairly certain they'll complete the takeover. But I think we might have to wait a little longer yet.

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5 minutes ago, Lt. Aldo Raine said:

I feel fairly certain they'll complete the takeover. But I think we might have to wait a little longer yet.

Are we assuming it will be pay on the day Saturday then? Going to be tight for ST orders.

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2 minutes ago, Lt. Aldo Raine said:

I assume that's the date the marketing period ends and a preferred bidder is selected?

If that’s the case why were they camped in the stadium ready to sign the deal for club and hotel Friday until the issue cropped up?

Essentially what you are saying is that the club administrators are lying. I can see why an admin would be keen to shift blame onto others. I see absolutely nothing in it for them to assert the deal is close when it isn’t. And hoodwinking the EFL is not in an administrators portfolio either.

 

 

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3 minutes ago, RUREADY2ROLL said:

You will look very silly if the takeover goes through tomorrow and ST go on sale - especially as you have told us it wont happen

 

FWIW I agree with you 

Even if takeover happened first thing tomorrow, how long would it take to get season tickets marketed, sold and in place for Saturday? Longer than a week. 

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3 minutes ago, RUREADY2ROLL said:

You will look very silly if the takeover goes through tomorrow and ST go on sale - especially as you have told us it wont happen

 

FWIW I agree with you 

It could complete in the next five minutes and there'll still be no season tickets 

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6 minutes ago, Lt. Aldo Raine said:

I assume that's the date the marketing period ends and a preferred bidder is selected?

Reason I asked is that somebody challenged cowgills fella, saying it wasn't happening til at least 9th

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1 minute ago, Casino said:

It could complete in the next five minutes and there'll still be no season tickets 

How they going to price the game them I am certainly not paying 28 or 23 pound when they could potentially take my DD money in the same month if they said game on Sat is 23 quid for adults then the rest are covered by the DD which would go out in Sept then I don’t mind that otherwise your paying just under 60 pound in a month which is far too expensive

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