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SAFC Takeover Latest

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Grumpy Old Man said:
Depends what you call done. The Americans are committed to it, Fuhrman has bee describing himself to his friends as the new owner. What's not fully in place is the shape of the organisation after completion, and that's what's holding things up. It's like you but a new house, and then you can't move in because there's last minute snagging needs to be done.
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It feels like Donald and Methven got their buyout over the line really quickly and this one is dragging on. I hope it’s not an indication of how they do business or waiting for player transfers to go through is going to be a nightmare 😂
 
Sumdumgi said:
A purge of epic proportions ? Surely we've already had one when SD came. If another one is due it would surely mean quite a lot of those appointed under SD must be at risk - both on the football and business side.
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That was cutting excess junior positions, which were more than double those at, say, Newcastle, and a limited number of middle management. This will involve fewer people, but not at the lower levels, shall we say.
 
Grumpy Old Man said:
Americans are about solutions, not problems. They want to implement solutions to historic problems before the announcement. More explicitly, if there's to be a media event, they don't want anyone at it who's going to be history a few days later. To be honest, I think that they should just scrub any media event, simply say they've bought the shares and crack on with what looks like being a purge of epic proportions.
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What's to purge when Shorty cleared the debt, Alavarez is now a recovery operation and the paras paid for the klerb?

Has Gary the Hair whacked a claim in for a new diffuser?
 
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riffraff said:
I’d say you’re right on the nose there. That’s me cheered up a bit.
I was always a bit sceptical about the value of the companies house formation as info tbh. Mainly because when working in Covent Garden a smbr would regularly stroll by our site with a file under his arm heading for Companies House...to form 75 Ltd Co’s or so. He reckoned no one else wanted to do it but he was glad to as it got him out of the office for half a day. Not seen him on here for ages.
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:eek: Bandit? Havent seen him post on here for ages, think he may have moved to New York.
 
Nozs' Hat said:
It feels like Donald and Methven got their buyout over the line really quickly and this one is dragging on. I hope it’s not an indication of how they do business or waiting for player transfers to go through is going to be a nightmare 😂
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I hope that this is precisely how they do business, check out the down side before committing the cash ;)
 
Grumpy Old Man said:
Depends what you call done. The Americans are committed to it, Fuhrman has bee describing himself to his friends as the new owner. What's not fully in place is the shape of the organisation after completion, and that's what's holding things up. It's like you but a new house, and then you can't move in because there's last minute snagging needs to be done.
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What you’re intimating using your house purchase analogy is that they’ve signed legally binding contracts, meaning they can’t pull out. Is that the case?
 
The Jarra Wanderer said:
Can we all at least agree that those saying the takeover was done, were at best misinformed or at worst bullshiting?
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The basics of "Deal" its self will have been done very early on...... The due diligence will then commence, books and accounts semi audited, findings recorded and the prospective buyers made aware of any anomalies. Then both parties will sit down and iron out any of the issues found that are of concern to both parties....Once most of the finding or issues have been resolved (that's where we are now ,I would guess) the contracts will be amended prior to signature. That can be completed in short order.
 
The Jarra Wanderer said:
What you’re intimating using your house purchase analogy is that they’ve signed legally binding contracts, meaning they can’t pull out. Is that the case?
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I'd need to be inside the room to know that. The analogy isn't precise. It's possible to give an irrevocable commitment before the final final sign off, but that's the kind of detail that will never leak out.
 
molthemackem said:
The basics of "Deal" its self will have been done very early on...... The due diligence will then commence, books and accounts semi audited, findings recorded and the prospective buyers made aware of any anomalies. Then both parties will sit down and iron out any of the issues found that are of concern to both parties....Once most of the finding or issues have been resolved (that's where we are now ,I would guess) the contracts will be amended prior to signature. That can be completed in short order.
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You could have just said the takeover is not yet done.
 
Grumpy Old Man said:
I'd need to be inside the room to know that. The analogy isn't precise. It's possible to give an irrevocable commitment before the final final sign off, but that's the kind of detail that will never leak out.
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So in layman's terms nobody knows.

Can we please stop saying it's done when it clearly isn't.

By all means say it's 80% done etc. The takeover is not done and could still collapse so please let's not abuse supporters who are just worried about the delay. We all want it to go through.
 
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