LeedsCattermole
Central Defender
@Tonton Zola Moukoko You seem to have been a reliable source during the takeover attempt mate, don't suppose you've heard anything from today?
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Just read this after I posted a reply GOM.There is a deed of assignment as part of the loan security. However, they can't take the payments before they fall due. If Short has cleared all the debt, then the deed of assignment will disappear with it. It could only be applied if the SBC loan is still in place after completion, and Short has only written off the intra-group loans. Even then, it would be very much a last resort measure by SBC if they felt the loan was irrecoverable by any other means. It's inconceivable, given the materiality of this loan, that it won't be dealt with fully in the purchase agreement.
There is a deed of assignment as part of the loan security. However, they can't take the payments before they fall due. If Short has cleared all the debt, then the deed of assignment will disappear with it. It could only be applied if the SBC loan is still in place after completion, and Short has only written off the intra-group loans. Even then, it would be very much a last resort measure by SBC if they felt the loan was irrecoverable by any other means. It's inconceivable, given the materiality of this loan, that it won't be dealt with fully in the purchase agreement.
This forum is full of unintelligent people who are not educated and lack intelligenceOf course Short could make no comment when he left. He had obviously made his contribution and the meeting was still going on. If his departute signified that the deal was off what are the others still doing.?If the EFL could not agree to the takeover don't you think Short would be still in there fighting his corner.man wants to sell the Club
Yes mate, but again weve lost 3 valuable weeks. Then Short would need to agree a fee with others, then the EFL due diligence again. If this falls through it will be an absolute disasterIf it goes tits up its for a reason.....there were other interested parties
This forum is full of unintelligent people who are not educated and lack intelligence
You no who you are![]()
This forum is full of unintelligent people who are not educated and lack intelligence
You no who you are![]()
Wasn’t this meant to be completed earlier this week?
Was someone fibbing again?
An educated person who knows the difference between "no" and "know" ?This forum is full of unintelligent people who are not educated and lack intelligence
You no who you are![]()
BREAKING NEWS
THE TAKEOVER IS BACK ON AFTER SHORT AND DONALD AGREE TO WAIVER CERTAIN CONTRACTUAL PAYMENTS
OmgAn educated person who knows the difference between "no" and "know" ?![]()
Omg
That was the point of spelling it like that
Doh
NoYou've just made that up haven't you