• The forum upgrades are now largely complete.
    Please read this thread for more details.
    New user registrations are currently disabled.

Takeover News/Rumours - Part 42

Status
Not open for further replies.
KittenMittens said:
I think people are conflating two separate things here:

The EFL fit and proper test is where they filter out the likes of William Storey. Everyone who has voting shares in a football club has to pass this test. It's very easy to pass, just don't be a fraudster like William.

The other EFL part is that they have to approve the deal itself. This is where - for a completely random example - they might question the business plan of two people who wish to send vast quantities of the club's future income to a former owner. In this sense, it definitely matters if the majority shareholder would be person X or person Y, and that changed during the process, because that's a substantial change in the funding plan and who would ultimately be answerable if they fuck it up.

In essence: Good people sometimes do bad things, or at least things that the EFL would not wish to happen, so they vet the individuals, but they also vet their plans for ownership and can stop a deal going through if they have concerns. This is what they tried to do with Donald - he passed the fit and proper person test, but they had major concerns about how he proposed to fund his ownership.
Click to expand...
That last paragraph is thoroughly depressing.
 

samaistonsrightfoot said:
He's admitted it himself. In the end he had to prove he had the funds.

He suddenly found a 'piggy bank under the bed'.

Of course totally unrelated is JS, a multi millionaire in his own right in a family of billionaires, gets a 20% share for a quid.
Click to expand...

Proof of funds has to shown don't have a problem with that, just wasn't aware that the EFL had expressed concerns in public. I do recall some comments by SD in connection with this now you come to mention it. Cheers
 
OldNewtown said:
Proof of funds has to shown don't have a problem with that, just wasn't aware that the EFL had expressed concerns in public. I do recall some comments by SD in connection with this now you come to mention it. Cheers
Click to expand...

Iirc Methven has commented in it as well since (or could have been Donald) bragging about how they've proven everyone wrong at the EFL who thought they wouldn't be able to do it.
 
Nixon is absolutely right

the assumption on here, based on absolutely nothing, is Satori would just side with this new guy, absolutely no evidence for that, he is mates with the current to tits

This about them 3 trying to get extra investment while keepijg control

no idea how people can't see that

why on earth would KLD come here without 50% of the shares man :lol:

Thiink he is just gonna invest all the money for the other 3 idiots to profit from

this trust and faith in Satori man, why? He has bee absiolutely useless.
 
If it is off then even though Storey is just a younger hairy version of SD, the current owners have had such a damaging effect on the club and got so much wrong that i'd be okay if he joined as long as it meant the current lot fooked off completely.
 
jimb said:
If it is off then even though Storey is just a younger hairy version of SD, the current owners have had such a damaging effect on the club and got so much wrong that i'd be okay if he joined as long as it meant the current lot fooked off completely.
Click to expand...
Give over :lol:
 
Status
Not open for further replies.
Back
Top