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Offer come in for the club (rumours thread)

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mackem1989 said:
One for the itks or the raos lot.

When’s the f***ing ticket office opening and the club shop.

Because he’s a businessman and an investor first football fan second a partnership can help the club him and many others financially.

Not if the new owners don’t want that if they buy our x2 it will be more than KLD
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Need @Grumpy Old Man here

But if KLd has bought his 41% on the proviso he has most voting rights. I'm not sure they could sell the rest of their shares without KLD agreeing to give up the voting rights.
 
SAFC Wilks said:
We had this with Dell.
We had this with Poyet.
We had this with Keane (although I’m pleased with that one given Neil has been great).

Just wait for something official. :lol:

Translates to not knowing at all?
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Translates as someone is buying but the rest anyone could have said.
 
mackem1989 said:
Aye irs a grey area where im no expert, would KLD have first refusal etc too.
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I think madrox will be fine to sell the shares. But Im guessing they'll only be buying what madrox have i.e decent amount if shares but little say.

KLD said he was happy to have another investor but wouldnt be giving up control.
 
Given the competitive nature we often see between billionaire owners, it’d be a surprise if Ineos went anywhere near a club who’s biggest rival is owned by the Saudi PIF. Mind you, fair play to them if they did.
 
Meathead said:
Given the competitive nature we often see between billionaire owners, it’d be a surprise if Ineos went anywhere near a club who’s biggest rival is owned by the Saudi PIF. Mind you, fair play to them if they did.
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I'm always reminded of the great clip of some random drunk NUFC fan saying that they need to be the same as "Man Citee" And now they are.

However you shouldn't fool yourselves into thinking that NUFC now have lots of money, which they do have access to.

The problem is that they have a lot of oil. And they have barely developed beyond caveman thinking, especially the rich ones.

All praise to Allah and all that
 
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jsdftm04 said:
Need @Grumpy Old Man here

But if KLd has bought his 41% on the proviso he has most voting rights. I'm not sure they could sell the rest of their shares without KLD agreeing to give up the voting rights.
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It's not clear if he has those voting rights in Mercator. What he has is a contractual agreement giving him full control of the governance of Sunderland Limited and its subsidiaries. What is likely is that he has a pre-emption right to acquire the other Mercator members' shares should they wish to sell. In that event he could, say, acquire Sartori's shares, but decline to buy Donald and Methven's, or any permutation of the three you like. That. in turn, may affect the stance of any potential new investors. It's not a single negotiation, but a number of separate ones. So far as governance is concerned, that would simply be a matter of rolling over the existing position in Mercator. That gets complicated if any new investor wishes to amend that arrangement. The professional fees in this will be eye-watering.
 
Grumpy Old Man said:
It's not clear if he has those voting rights in Mercator. What he has is a contractual agreement giving him full control of the governance of Sunderland Limited and its subsidiaries. What is likely is that he has a pre-emption right to acquire the other Mercator members' shares should they wish to sell. In that event he could, say, acquire Sartori's shares, but decline to buy Donald and Methven's, or any permutation of the three you like. That. in turn, may affect the stance of any potential new investors. It's not a single negotiation, but a number of separate ones. So far as governance is concerned, that would simply be a matter of rolling over the existing position in Mercator. That gets complicated if any new investor wishes to amend that arrangement. The professional fees in this will be eye-watering.
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Cheers mate.
 
Grumpy Old Man said:
It's also worth pointing out that Sartori, Donald and Methven are independent players in this. It's entirely plausible that Donald and Methven want to sell, and Sartori doesn't. Madrox as a trio no longer exists.
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It does mate.
Grumpy Old Man said:
It's not clear if he has those voting rights in Mercator. What he has is a contractual agreement giving him full control of the governance of Sunderland Limited and its subsidiaries. What is likely is that he has a pre-emption right to acquire the other Mercator members' shares should they wish to sell. In that event he could, say, acquire Sartori's shares, but decline to buy Donald and Methven's, or any permutation of the three you like. That. in turn, may affect the stance of any potential new investors. It's not a single negotiation, but a number of separate ones. So far as governance is concerned, that would simply be a matter of rolling over the existing position in Mercator. That gets complicated if any new investor wishes to amend that arrangement. The professional fees in this will be eye-watering.
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Bingo
 
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