sleepingindian Posted March 28, 2019 Posted March 28, 2019 1 minute ago, dazl1212 said: Thanks, I am glad its not Basrans lot if I am being honest. basrans lot sounded quite good a few weeks back,probly dont have the funds but
dazl1212 Posted March 28, 2019 Posted March 28, 2019 3 minutes ago, sleepingindian said: basrans lot sounded quite good a few weeks back,probly dont have the funds but Yea, its the lack of funds that worried me. If they were struggling to get enough together to buy the club then I'd worry they had the money to fund us long term.
Gonk Posted March 28, 2019 Posted March 28, 2019 58 minutes ago, Howardroark said: It is them, the ‘new bidder’ that Nixon went loco over was almost certainly a red herring. PA vets everybody before they even get close to the books. Nixon probably thought it was the spoof 'Michael Greco of Eastenders' fame
Benny The Ball Posted March 28, 2019 Posted March 28, 2019 18 minutes ago, Hoppy510 said: Have you signed an NDA Howard? Just wondering why you don't just tell us who it is as an altruistic consequentialist would? The fact is that Howard might not actually know the full facts as to who is behind this bid And assuming he did know he would be betraying a lot of trusts and confidences If he were to tell us all Its likely that the purchasers identity will be revealed shortly in any event All we can really do at the moment is assume that the Dark Horse Bid team are working on the detail in order to get this deal over the line and concluded as quickly as possible That's my view for what its worth
Chris Custodiet Posted March 28, 2019 Posted March 28, 2019 1 hour ago, Traf said: Although with due respect, at least the first two are happy to engage in civilised conversation. I wonder if any of them get their leccy from comrade Dale (10% tax) Vince. Castles aint cheap to run, you know.
Howardroark Posted March 28, 2019 Posted March 28, 2019 23 minutes ago, Hoppy510 said: Have you signed an NDA Howard? Just wondering why you don't just tell us who it is as an altruistic consequentialist would? Remaining tight-lipped is better for all, a single leak can sink a ship.
Traf Posted March 28, 2019 Posted March 28, 2019 Just now, Howardroark said: Remaining tight-lipped is better for all, a single leak can sink a ship. Correct. Loose lips eat chips or something like that.
Freddie Hill Posted March 28, 2019 Posted March 28, 2019 18 minutes ago, Howardroark said: Remaining tight-lipped is better for all, a single leak can sink a ship. You could always get a welsh sheep botherer to eat the leek.
Wanderlust Posted March 28, 2019 Posted March 28, 2019 24 minutes ago, Howardroark said: Remaining tight-lipped is better for all, a single leak can sink a ship. Promise I won't tell anyone.....
Howardroark Posted March 28, 2019 Posted March 28, 2019 2 minutes ago, Hoppy510 said: Promise I won't tell anyone..... As I have long said, I don’t know the names of the individuals behind this.
Chrisj Posted March 28, 2019 Posted March 28, 2019 Hi Howard Do you think this deal will get done tomorrow
Howardroark Posted March 28, 2019 Posted March 28, 2019 2 minutes ago, Chrisj said: Hi Howard Do you think this deal will get done tomorrow No
Guest Posted March 28, 2019 Posted March 28, 2019 Just now, Howardroark said: No What do you think the timescale is? Still 2nd April? That would be my bet.
Howardroark Posted March 28, 2019 Posted March 28, 2019 14 minutes ago, bwfcfan5 said: What do you think the timescale is? Still 2nd April? That would be my bet. Yes still 2nd April, Ken taking it to the wire in the hope of getting a silly bid.
Chris Custodiet Posted March 28, 2019 Posted March 28, 2019 2 minutes ago, Howardroark said: Yes still 2nd April, Ken taking it to the wire in the hope of getting a silly bid. Or maybe trying to get some improvement to the existing offer from the mystery bidder. None of us know what the existing offer is but both sides should do their utmost to get together and finalise it this week. The permanent staff deserve that.
Eddie Posted March 28, 2019 Posted March 28, 2019 5 minutes ago, Howardroark said: Yes still 2nd April, Ken taking it to the wire in the hope of getting a silly bid. How would it work though Howard if Ken say got an improved offer from a new bidder on the 2nd. Would they have to have completed the deal before the 3rd in order for us to avoid liquidation (which would be almost impossible in such a short time frame), or would it be a similar situation to last time where it could be adjourned again as long as the right assurances were given? If the latter was not an option then surely there isn’t enough time for a new bidder to get involved at this point?
Guest Posted March 28, 2019 Posted March 28, 2019 11 minutes ago, Howardroark said: Yes still 2nd April, Ken taking it to the wire in the hope of getting a silly bid. I suppose the only thing that might change that is if he feels under pressure re wages? I don't know - he might feel bad....
Razaldo9 Posted March 28, 2019 Posted March 28, 2019 11 minutes ago, Howardroark said: Yes still 2nd April, Ken taking it to the wire in the hope of getting a silly bid. But he risks not getting anything. If I knew he'd been trying to sell elsewhere I'd be cutting him out
Benny The Ball Posted March 28, 2019 Posted March 28, 2019 7 minutes ago, Howardroark said: Yes still 2nd April, Ken taking it to the wire in the hope of getting a silly bid. Howard If the dark horse bid team have had their bid accepted and heads of terms are in place and they now have lawyers working on the detail , would the dark horse bid team not have sought to avoid the possibility of a late bid by pinning down KA and particularly what KA gets out of this deal first and foremost , knowing the character they are dealing with , and then sorting everything else out on the back of that . In other words do you realistically think the dark horse team would leave themselves open to another bidder , silly or otherwise turning up at this late stage ?
Howardroark Posted March 28, 2019 Posted March 28, 2019 5 minutes ago, Eddie said: How would it work though Howard if Ken say got an improved offer from a new bidder on the 2nd. Would they have to have completed the deal before the 3rd in order for us to avoid liquidation (which would be almost impossible in such a short time frame), or would it be a similar situation to last time where it could be adjourned again as long as the right assurances were given? If the latter was not an option then surely there isn’t enough time for a new bidder to get involved at this point? He would need a new bidder to complete and be approved by the 1st of April. On the 2nd he loses both control and his payoff. Liquidation now isn’t an option as I imagine the first payment by the new owners on the 2nd would be to HMRC, alternatively they might go to court to request a further adjournment whilst they sort payments out. A completed takeover would probably get an adjournment.
Howardroark Posted March 28, 2019 Posted March 28, 2019 5 minutes ago, Razaldo9 said: But he risks not getting anything. If I knew he'd been trying to sell elsewhere I'd be cutting him out He’s clearly willing to take that risk.
Howardroark Posted March 28, 2019 Posted March 28, 2019 2 minutes ago, Benny The Ball said: Howard If the dark horse bid team have had their bid accepted and heads of terms are in place and they now have lawyers working on the detail , would the dark horse bid team not have sought to avoid the possibility of a late bid by pinning down KA and particularly what KA gets out of this deal first and foremost , knowing the character they are dealing with , and then sorting everything else out on the back of that . In other words do you realistically think the dark horse team would leave themselves open to another bidder , silly or otherwise turning up at this late stage ? I believe that has occurred, yes, however Ken now has that as a set in stone fall back option. I truly think he knows that these guys will complete, irrespective of his actions, that frees him up to seek a higher payday, all the while knowing if he can’t find one he will get paid anyway.
Razaldo9 Posted March 28, 2019 Posted March 28, 2019 Think you mentioned any other bidder will have to pay c£30m as the other bidder has agreed to clear all the debt? Couldn't someone pay Kens price and HMRC etc keeping the other debt (PBP/ Warburton etc) as it is?
Benny The Ball Posted March 28, 2019 Posted March 28, 2019 Just now, Howardroark said: I believe that has occurred, yes, however Ken now has that as a set in stone fall back option. I truly think he knows that these guys will complete, irrespective of his actions, that frees him up to seek a higher payday, all the while knowing if he can’t find one he will get paid anyway. I can accept its theoretically possible but in reality I honestly cannot see it happening
Chris Custodiet Posted March 28, 2019 Posted March 28, 2019 (edited) 11 minutes ago, Howardroark said: I believe that has occurred, yes, however Ken now has that as a set in stone fall back option. I truly think he knows that these guys will complete, irrespective of his actions, that frees him up to seek a higher payday, all the while knowing if he can’t find one he will get paid anyway. Does that suggest that Ken may stand to get little or nowt other than what he's already had, net of the money he had to find to get Holdsworth, Blumarble and Quantuma out of the picture? Then there's PA to consider. Did Ken promise him something for his efforts? Isn't he the one that Ken's needed to hold it all together for the last three years? Edited March 28, 2019 by Chris Custodiet
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