Offer come in for the club (rumours thread)


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Doesn’t surprise me.

I’ve known nothing like it. Everything is just constantly cynical.

Elon musk could buy us and put in 5 billion, and he’d still be a chancer, or trying to ruin the club.
That’s a good point has anyone asked Elon if he wants to buy a football club
 
Yeah he does want more shares, he doesn't need them, and that's the difference. He can continue to run us, and he likely thinks that if he does nothing, SD and CM are likely to either fund him with what he asks for, or bail on terms he likes.

On the 'why would anyone buy 39% of us?' conundrum:

  • It all comes down to credibility of the buyer. If the people are credible and have resources to be an asset, I suspect KLD and JS will welcome them in and work with them to ensure comfort in the decision-making process. If they're not, they will be ambivalent at best, hostile at worst. Anyone coming in likely knows which camp they're in before KLD makes that judgement. It's not rocket science. There are people out there who this could work for, I wouldn't rule it out, but I doubt they're likely to try and do this without speaking to KLD and JS to take their temperature first.

  • TFT are very unusual because they are not credible, but they equally would not care either way if KLD despised them and openly said he was against their participation.

  • This is their moon shot, a massive club with a void, where shareholders want out at a price that isn't in the many tens of millions or even hundreds of millions. Remember when you ask 'why would they even try if they can't do it?' that the simplest answer is that if they can get this over the line, then they've pretty much jumped from being a joke, to a potentially valuable company, and their plans actually become at least theoretically possible. In short, they absolutely have to give this everything they have, even if it's likely too early for them to succeed.

  • Their approach is the same as William Storey's - fake it until you make it. If they can generate enough positive noise about the chances of their bid succeeding, then someone, somewhere might be duped into putting the money in for their SAFC venture. They may have already made that commitment in principle, which is the only way I can see them passing the EFL test

  • Their unusual business plan makes the chances of them passing the test low, but as pointed out by GOM, it's a technical test. There is a 1% chance that they may have found that source of cash that would suffice to buy the shares and fund 3 years of investment (A total of somewhere around £25m), and the EFL would not be in a position to deny them. I doubt this, but it can't be completely ruled out.

One thing mentioned in a number of articles now that I think is bang on the money is KLD's rights of pre-emption.

I still feel this is at the heart of it. If CM and SD have engineered the two bids, I doubt either are massively credible or even funded properly, but they are clearly trying to force KLD into exercising his right to buy those shares at the same price. They'll do this by soliciting as many bids as possible, in the hope that one of them could get over the line with the EFL, so that KLD will feel sufficiently threatened to buy the shares instead. That is almost certainly what is going on here with them trying to publicise the bids even as KLD says he is in the dark about them. Anyone with half a clue would have contacted KLD as part of their bid.
 
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I believe him about KlD, absolutely no evidence he wants these shares

It would just be more money wheb he always has the controlling stake

It’s disappointing but it’s the reality
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NUFC360
@NUFC360

Newcastle have had a bid accepted for Sven Botman, however the player is waiting for Milan. Lille are not appreciating the player’s behaviour. Due to the Dutchman’s refusal to join #NUFC after their bid was accepted by Lille, Milan now must quickly close the deal [La Repubblica]

:lol::lol::lol:

ops wrong thread
With the amount of shit posted on here it should just be retitled wrong thread.
 
Yeah he does want more shares, he doesn't need them, and that's the difference. He can continue to run us, and he likely thinks that if he does nothing, SD and CM are likely to either fund him with what he asks for, or bail on terms he likes.

On the 'why would anyone buy 39% of us?' conundrum:

  • It all comes down to credibility of the buyer. If the people are credible and have resources to be an asset, I suspect KLD and JS will welcome them in and work with them to ensure comfort in the decision-making process. If they're not, they will be ambivalent at best, hostile at worst. Anyone coming in likely knows which camp they're in before KLD makes that judgement. It's not rocket science. There are people out there who this could work for, I wouldn't rule it out, but I doubt they're likely to try and do this without speaking to KLD and JS to take their temperature first.

  • TFT are very unusual because they are not credible, but they equally would not care either way if KLD despised them and openly said he was against their participation.

  • This is their moon shot, a massive club with a void, where shareholders want out at a price that isn't in the many tens of millions or even hundreds of millions. Remember when you ask 'why would they even try if they can't do it?' that the simplest answer is that if they can get this over the line, then they've pretty much jumped from being a joke, to a potentially valuable company, and their plans actually become at least theoretically possible. In short, they absolutely have to give this everything they have, even if it's likely too early for them to succeed.

  • Their approach is the same as William Storey's - fake it until you make it. If they can generate enough positive noise about the chances of their bid succeeding, then someone, somewhere might be duped into putting the money in for their SAFC venture. They may have already made that commitment in principle, which is the only way I can see them passing the EFL test

  • Their unusual business plan makes the chances of them passing the test low, but as pointed out by GOM, it's a technical test. There is a 1% chance that they may have found that source of cash that would suffice to buy the shares and fund 3 years of investment (A total of somewhere around £25m), and the EFL would not be in a position to deny them. I doubt this, but it can't be completely ruled out.

One thing mentioned in a number of articles now that I think is bang on the money is KLD's rights of pre-emption.

I still feel this is at the heart of it. If CM and SD have engineered the two bids, I doubt either are massively credible or even funded properly, but they are clearly trying to force KLD into exercising his right to buy those shares at the same price. They'll do this by soliciting as many bids as possible, in the hope that one of them could get over the line with the EFL, so that KLD will feel sufficiently threatened to buy the shares instead. That is almost certainly what is going on here with them trying to publicise the bids even as KLD says he is in the dark about them. Anyone with half a clue would have contacted KLD as part of their bid.
Spot on. And I don't think the TFT thing has a chance, if it's anything more than (very poor) posturing in the first place.
 
I think it was anything but unequivocal to be fair, he said he was "open" to it, didn't like the sound of it at all.
I think the bigger question is why wouldn't he want the shares? He's running the club at the minute, seems to be very engaged and has already expressed that he doesn't want to give up control. If he's running the club and has the financial means to get them, he surely wants as many shares as he can get at this early stage of his ownership (or at the very least, to get the remaining shares into the hands of his allies).
 
I think it was anything but unequivocal to be fair, he said he was "open" to it, didn't like the sound of it at all.
That was more the @KittenMittens bit. Might have misunderstood in amongst all the other messages but that's what I remembered. The Davison comment was cooler, for sure, but I took that as positioning for negotiation over price - which I firmly believe is the root of the current impasse.
 
That was more the @KittenMittens bit. Might have misunderstood in amongst all the other messages but that's what I remembered. The Davison comment was cooler, for sure, but I took that as positioning for negotiation over price - which I firmly believe is the root of the current impasse.

I wasn't at the meeting, you'd have to ask those who were tbf, but my understanding was that he was open to more shares, but wouldn't be doing at the price they want because he thinks they ripped him off first time round by not mentioning the 8 figures worth of improvements needed to the stadium, AOL etc.

I think it's fair to say that if they were going for about half of what they want, he'd pay it, unless there's an arcane Swiss ownership rule he's trying to avoid.
 
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Yeah he does want more shares, he doesn't need them, and that's the difference. He can continue to run us, and he likely thinks that if he does nothing, SD and CM are likely to either fund him with what he asks for, or bail on terms he likes.

On the 'why would anyone buy 39% of us?' conundrum:

  • It all comes down to credibility of the buyer. If the people are credible and have resources to be an asset, I suspect KLD and JS will welcome them in and work with them to ensure comfort in the decision-making process. If they're not, they will be ambivalent at best, hostile at worst. Anyone coming in likely knows which camp they're in before KLD makes that judgement. It's not rocket science. There are people out there who this could work for, I wouldn't rule it out, but I doubt they're likely to try and do this without speaking to KLD and JS to take their temperature first.

  • TFT are very unusual because they are not credible, but they equally would not care either way if KLD despised them and openly said he was against their participation.

  • This is their moon shot, a massive club with a void, where shareholders want out at a price that isn't in the many tens of millions or even hundreds of millions. Remember when you ask 'why would they even try if they can't do it?' that the simplest answer is that if they can get this over the line, then they've pretty much jumped from being a joke, to a potentially valuable company, and their plans actually become at least theoretically possible. In short, they absolutely have to give this everything they have, even if it's likely too early for them to succeed.

  • Their approach is the same as William Storey's - fake it until you make it. If they can generate enough positive noise about the chances of their bid succeeding, then someone, somewhere might be duped into putting the money in for their SAFC venture. They may have already made that commitment in principle, which is the only way I can see them passing the EFL test

  • Their unusual business plan makes the chances of them passing the test low, but as pointed out by GOM, it's a technical test. There is a 1% chance that they may have found that source of cash that would suffice to buy the shares and fund 3 years of investment (A total of somewhere around £25m), and the EFL would not be in a position to deny them. I doubt this, but it can't be completely ruled out.

One thing mentioned in a number of articles now that I think is bang on the money is KLD's rights of pre-emption.

I still feel this is at the heart of it. If CM and SD have engineered the two bids, I doubt either are massively credible or even funded properly, but they are clearly trying to force KLD into exercising his right to buy those shares at the same price. They'll do this by soliciting as many bids as possible, in the hope that one of them could get over the line with the EFL, so that KLD will feel sufficiently threatened to buy the shares instead. That is almost certainly what is going on here with them trying to publicise the bids even as KLD says he is in the dark about them. Anyone with half a clue would have contacted KLD as part of their bid.
Excellent synopsis!
 
given the two chancers either can't or will be very reluctant to put anything else into the club at what point does this bollocks start crippling our summer recruitment plans if it hasn't already
the budget was agreed and money assigned to ot months ago..businesses dont work on the basis of "summer" they work on the basis of annual spending plans..
 
I wasn't at the meeting, you'd have to ask those who were tbf, but my understanding was that he was open to more shares, but wouldn't be doing at the price they want because he thinks they ripped him off first time round by not mentioning the 8 figures worth of improvements needed to the stadium, AOL etc.

I think it's fair to say that if they were going for about half of what they want, he'd pay it, unless there's an arcane Swiss ownership rule he's trying to avoid.
Yeah absolutely. The talk of the right to buy that has popped up should be another small amount of reassurance. It means that KLD retains ultimate control over the purchase. If someone comes along who KLD feels that he can work with, he may well be happy to just sit tight and add a useful person to the ownership group. If it looks like a cowboy is on the verge of turning up then he can swoop in at the 11th hour (once a final price has been set) and take it on. Either way he is able to wait for the lowest market price to be reached. Probably helps to answer why he is seemingly content to sit tight for now.
 
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That wasn't the case in 2019 when the Mark Campebll takeover was happening.
the mark campbell takeover was never happening..he was a broker used to flush out interest njust as these crypto monkeys are being used now..EFL require budget plans to be lodged with them for three years..how many years had Madrox owned the club in 2019? Obviously a new owner has to pass FPP and produce a new plan or the same plan with new funding...
They'll sell to whoever will give them the most money, it's as simple as that.
the league willd ecide who they sell too as always
 
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