Takeover News/Rumours

[Botchie]

He’s right.

Fuck all to do with him, though.

I still think it's a sad mag wind up.

 

[Red and white TID]

The FPP loan is to Madrox. not Stewart Donald. It is repayable by Madrox, and that would continue to be the case. Any sale of shares in Madrox is a personal transaction between him and the buyer.


Someone (or a group of someones via an acquisition vehicle) buys over 50% of the Madrox shares from Donald. In financial terms, that means he/it controls Madrox and can be regarded as a buyer. However, as Donald (with a much reduced shareholding), Sartori and Methven would retain a stake in Madrox, it's also a realignment.

We all know Madrox is Safc Grumps, your not at accounts office now, all I’m asking is does Madrox ie Donald and partners have to payback the outstanding FPP loan cheers

 

[Deleted member 13050]

In theory. I'm not sure exactly how French trust law works, but in English trusts, reasonable requests are normally just nodded through. It's usually about making sure the heir can't get their mitts on all the money while they're too young. Most deeds expire when the heir hits 25. It's almost certain that Margarita Louis-Dreyfus will have been involved/consulted along the way.

It all just reads like utter madness this. It's f***ing great!

 

[DJP]

how many years have we about to get a takeover done? I just can't this time

Ha'way. It's nee Brexit like.

 

[Alfa]

Yeah, Prehab said people with football experience?? I could be wrong.

Prehab has been pretty much bang on so maybe there’s some names yet to be revealed who will enthuse me more.

 

[Liverpool Beachball]

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[Deleted User 18963]

It definitely looks like good news at first glance. As much as I am wary of Sartori, this lad coming out of nowhere and being prepared to use his cash to help over the next few years would make a big difference to us.

Giving this an official, tentative

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Also - props to @prehab26 for the info on this. Even if it's Sartori, it's also Sartori x Dreyfus and that does make a massive difference to the potential to fund us. You were right, that is more positive than Sartori alone.

Ultimately, Stewart Donald will no longer be running us or have much, if any, say on how we manage our finances.

What a good day this is.

Thanks

 

[Rip Van Fish]

I doubt we’ll see or hear much from them once this goes through. They’re hanging on to make a profit.

Yes mate, that would be the only reason

 

[Grumpy Old Man]

what would be the benefit of setting it up that way?

Its probably obvious but indulge me! It’s still early here.

The trust will have been created under the term's of his father's will. It's not set up directly for the purposes of the deal. It's more of a happy accident due to L-D's age - trusts are normally put in place until the heir is 25.

 

[CatRyan]

If names are now being leaked I'd imagine its been through efl and its just about over the line ... Big question is whether this initial move is the lad on his own or the first move by his family

there's an old saw, when you hear hooves think horses not zebras
for SAFC it should be when you hear there's a takeover think everything is going to go to shit

 

[Scootsie]

I still think it's a sad mag wind up.

Fair play to him for committing to it mind.

The freak.

 

[The Ghost of Arca]

its 100% a takeover. Anyone say it aint is talking utter rubbish. It will be the same people who have said fuck all is happening for 4 months

 

[Grumpy Old Man]

It's a takeover as long as Sartori and his consortium acquire the majority of shares in the club. That's the only definition that matters right now.

Well, if Donald's shareholding is going to ne 15%, it means 59% of the shares have changed hands. Unless no one shareholder ends up more than 50%, that's a takeover whichever way you cut it.

 

[KittenMittens]

We all know Madrox is Safc Grumps, your not at accounts office now, all I’m asking is does Madrox ie Donald and partners have to payback the outstanding FPP loan cheers

They don't have to, but FPP had the option to call it in if they weren't happy with the new owner(s) of Madrox. We don't know yet if they did that, but I doubt it as it's massively low risk for them, only $12m.

 

[nelford_safc]

Ha'way the 22 year old that's gonna come and spend £100m super charging us back to the premier league.

 

[questos1983]

its 100% a takeover. Anyone say it aint is talking utter rubbish. It will be the same people who have said fuck all is happening for 4 months

Just like it was 100% with the dell one , al believe it when a see it

 

[Helmer]

22 man. Imagine all the blart he's gonna get in Ttonic on a Monday night.

 

[KittenMittens]

Well, if Donald's shareholding is going to ne 15%, it means 59% of the shares have changed hands. Unless no one shareholder ends up more than 50%, that's a takeover whichever way you cut it.

So... you agree? Not sure if you've misread my post.

 

[Grumpy Old Man]

We all know Madrox is Safc Grumps, your not at accounts office now, all I’m asking is does Madrox ie Donald and partners have to payback the outstanding FPP loan cheers

That's the point. In terms of legal personality, they aren't.

 

[Johnnyh]

Within a fortnight on radio Newcastle. 22 year old son of Marseille Football club owner