martyftm
Striker
Are they not just directors of the company which will in due course buy the club.
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SAFC Takeover Latest
- Thread starter Brainman
- Start date
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OldNewtown
Winger
That company is merely the vehicle to make the purchase. It does not mean that the purchase has been completed.
At least as far as I understand it.
Roker Mackem
Striker
They arent directors of SAFC just a brand new company.
Grumpy Old Man
Striker
It means only that the company which will be used to hold their shares in Sunderland has been formed. There have been no filings for Sunderland Limited itself. Now, they could have been appointed as directors of Sunderland, and the related filings haven't yet been done; we have no way of knowing that. The delay, as I've said consistently, is them wanting to put corrective actions in place before announcing.
molthemackem
Striker
I suspect that your probably closer to the marks mate.
Abu Dhabi Red and White
Striker
None of us are stable anymore
speaking for all of my personalities....
German takeover on again?
Guinness Guzzler
Striker
Don't think that's right mind. They've set up a holding company, that company has no link to Madrox or SAFC at this stage (other than the registered address). It's obviously been set up so that at some point it can, but it existing doesn't confirm that any transaction has yet taken place (just like how the Sheikh created a holding company when intending to buy the mags, but obviously no transaction had taken place because the deal never happened)
Edit: as normal GOM has already answered, and much better than I can!
Hoyus Ahammerower
Midfield
Weren't they (Bolton) actually in Administration and in the hands of The Receiver who simply had to sell to the highest bidder or liquidate the assets. The old Bolton FC and its debts were not being sold,.
molthemackem
Striker
You must have expected that though!...all of the Americans I've worked with need to know everything and want their pound of flesh.
sir rowell cummins
Striker
That would give me a whole new breakfast menu to go at
J
JimmyQuinn
Guest
The DD under SD was barely existent
Grumpy Old Man
Striker
Totally, which is why nothing that's happened so far has surprised me in the least.
Wasn't that the reason Donald quit twitter over the summer, when someone pointed that out to him? Seemingly that twitter post was closer to the truth then originally thought.
molthemackem
Striker
Yes, I agree with you too. I know if somebody had leaked anything from deals I have personally worked on (one set of highly respected solicitors from Newcastle Quayside tried that once, but only the once) and I found out?..........Americans are not to dissimilar in their approach.
molthemackem
Striker
Very similar to Bury when that last owner bought them.. Went through in a week or so. Look where Bury are now and whats to say all is rosy at Bolton, its only been two weeks since they were taken over.
martyftm
Striker
The majority of us are pleased that you are posting what you do. Don't let the few that want to argue and antagonise stop you.
Blyth_Pirate
Winger
I think my fking pie at Bolton was two weeks old.
molthemackem
Striker
This exactly.
I see the usual whingers are at it again. If people don’t like the content of a thread and would rather not have updates, then just don’t open the thread and leave it to others who are interested.
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