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Takeover Rumours

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Amsterdam_mackem said:
Due diligence is essential to help you decide whether to proceed with the sale or attempt to renegotiate the purchase price. knowledge of the operation of the business. In addition, the books and records of businesses in administration are often incomplete. details of any ongoing or threatened employee litigation.
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"threatened employee litigation" - staffing issue???????
 
Zidane said:
Reading between all the various lines it seems clear that it comes down to the various interpretations of 'Done'

When buying a car.... "I want 20k" "I'll give you 18" "split difference at 19?" "done!" At that point it could and is often stated as the deal is done. But you haven't exchanged money or signed the log book at that point.

Others are saying their interpretation of done is fully signed up legal docs.

Others are saying fully signed up but subject to EFL approval.

So it looks to me that you are all arguing over the word 'done' and in that sense you are all potentially correct in terms of the current status.

I think it sounds like the broad basis of the deal was agreed 3 or so weeks ago or whenever it was SD mentioned the preferred partner words in an interview.

They have since been in a period of due diligence which I expect to be far more extensive than when SD took over as a) there is no time pressure as transfer window shut anyway and b) they are serious players, it will have been outsourced to some company somewhere. SD stated himself and Charlie were burning midnight oil themselves to cram it into 2 weeks as they were under squad building time pressure.

And then were are into EFL approval, which as mentioned earlier takes much longer when foreign buyers are involved and would possibly explain the Wednesday, Thursday, Friday, now next week crack as EFL chase down avenues to look into. EFL has recently been heavily criticised for Bolton and Bury as well.

It's going to take longer than last time is the top and bottom of it. If it wasnt for Reivers thoughts that the announcement is pretty close, I'd suggest its all sound a bit early yet considering everything, and I would have thought another few weeks minimum yet.

Ultimately what matters is that its progressing nicely and both parties are happy.
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Not reading all that, is it done or not mate?
 
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