Sale is close - Barnsey

[Grumpy Old Man]

What does a period of exclusivity really entail when a price isnt even agreed?

@Grumpy Old Man ?

There'll be a rough agreement on a ball park number, and the bidder will almost certainly have to have demonstrated proof of funds. It allows them time to due diligence in a measured way without knowing that a rival group is doing exactly the same at the same time. It also means that the seller is well disposed to that buyer. It certainly doesn't mean that an agreement is inevitable after due diligence.

 

[Vauxie]

Whees Ray and whys he got two Dads? And how does Bob knar then?

 

[Heathen Chemistry]

There'll be a rough agreement on a ball park number, and the bidder will almost certainly have to have demonstrated proof of funds. It allows them time to due diligence in a measured way without knowing that a rival group is doing exactly the same at the same time. It also means that the seller is well disposed to that buyer. It certainly doesn't mean that an agreement is inevitable after due diligence.

So basically this group has first dibs and if they dont like what they see after DD they can just walk away

 

[Axionknight]

Is it not a hotel now?

Yep, the hotel and Siberia Vodka Bar on Belmont Street, I believe.

 

[sir rowell cummins]

So basically this group has first dibs and if they dont like what they see after DD they can just walk away

Aye. In the world of multi national finance it’s known as ‘first dibs’.

 

[TW2_Mackem]

Nixon eluding to it possibly being Satori’s father in law.

Unless I’ve completely misinterpreted his last tweet.

 

[Vauxie]

Yep, the hotel and Siberia Vodka Bar on Belmont Street, I believe.

Oooh sounds posh mate, was wild and wooly in them days.

 

[Grumpy Old Man]

So basically this group has first dibs and if they dont like what they see after DD they can just walk away

Or renegotiate price, insist on indemnities to cover possible future events, and reach a final agreement based on what they find. Or walk away if that's not possible.

 

[Scootsie]

Nixon eluding to it possibly being Satori’s father in law.

Unless I’ve completely misinterpreted his last tweet.

He’s worth about 7bn isn’t he?

BHH

 

[Heathen Chemistry]

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According to Nixon its Sartoris father in law

 

[Gaz]

Nixon eluding to it possibly being Satori’s father in law.

Unless I’ve completely misinterpreted his last tweet.

thats certainly what hes hinting at

 

[Axionknight]

Oooh sounds posh mate, was wild and wooly in them days.

It's alright Bob - the draught stuff is f***ing honking though, in my experience. Decent area out the back to sit outside which is lacking up here.

 

[SebastienELLISbexter]

There better be a monorail involved this time.

 

[Axionknight]

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According to Nixon its Sartoris father in law

Nah, I think he was clarifying the relationship between the two (ie Juan and the Monaco owner)

 

[Mary Hinge]

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According to Nixon its Sartoris father in law

Mebbes the Juan distanced himsel and let them fail.....

 

[Heathen Chemistry]

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I guess I misinterpreted the previous tweet

 

[Agent Black Cat]

A hope not. I want Donald gone completely

He can’t still want to stay involved now...surely. Fingers crossed it’s a full buyout.

 

[Heathen Chemistry]

Nah, I think he was clarifying the relationship between the two (ie Juan and the Monaco owner)

Yes your right

 

[rebelsafc]

It will be the Chinese government

At least they'll use LinkedIn to recruit rather than just employing their buddies

 

[Vauxie]

It's alright Bob - the draught stuff is f***ing honking though, in my experience. Decent area out the back to sit outside which is lacking up here.

Star and Garter, The Grill, Schooner, Market Tavern decent draught