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SAFC Takeover Latest

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Gummi Bear said:
If I was spending millions of US dollars. I would wait and see what happens if we crash out of Europe with no deal. I think most would expect sterling to drop relative to US dollar at least short term. Would save buyer a good amount and effectively cost seller nowt.
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Said this the other day. Makes little sense racing this through before Oct 31st. It’s not as if the transfer window is open.

I’d expect sterling to drop at least 5% v the dollar. I realise these fellas are wealthy but around £2m extra in their pockets isn’t to be sniffed at.
 
Gobuchul said:
The Company I work for has just been bought. It's worth about £100 - £150 million.

It's taken 9 months to complete and for it to be formally announced, although everyone knew it was going on.
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Mate honestly there's no point. There's a handful of people in this thread who have tried to tell people these things don't happen quickly (including myself). Might aswell be talking to the keyboard.
 
Shieldsman said:
Said this the other day. Makes little sense racing this through before Oct 31st. It’s not as if the transfer window is open.

I’d expect sterling to drop at least 5% v the dollar. I realise these fellas are wealthy but around £2m extra in their pockets isn’t to be sniffed at.
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They’ll have enough money in pounds to finance the deal I would have thought. They’ll deal in multi currencies imo.
 
Grumpy Old Man said:
They could announce something before getting all their ducks in a row, but aren't. Reiver's more unhappy with the turmoil that's resulting from the radio silence than anything else. Or. as he put it to me, the delay in announcing is now causing more problems than the original reasons for the delay, because things are basically in a state of paralysis.


It's going to be RIP a lot of people, but the takeover itself, no.
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Grumpy Old Man said:
Reiver's had a ton of messages over the weekend. What he's asked me to put out on his behalf is this.

"More delays in being able to make an announcement, and the whole situation is putting the club in limbo. The new owners aren't declaring their intentions, but the 'current' owners can't do anything without fear of upsetting things. All kinds of things have been found in due diligence, as would happen at any club, but them wanting to have solutions in place before announcing just prolongs things. Everything from Alvarez, contracts going back to Moyes and before, and outstanding agents' demands have been analysed and extra people brought in to do the work. No surprise, but money was drained out of the club for fun. I don't think anyone's position is safe when, not if, the new T&Cs are carved into the heart of the club"

One thing to add and stress. THE TAKEOVER ITSELF IS NOT AT RISK. What's happening is the new owners wanting to put corrective measures into action before announcing, so that they can hit the ground running.
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Cheers Grumps/Reiv,
Update appreciated 👍
 
Feed the Monster said:
I don’t really understand that. Corporate acquisitions tend to take months and will spin out if the due diligence is complicated, if there are regulatory issues, haggling over post completion conditions, difference of opinion on deferred payments, earn out whatever. They’ll drag on even longer if there’s no pressing deadline like year end or closing of a transfer window.

I’ve lost count of the number of acquisitions I’ve been involved with, a number of them bigger than what it’s being rumoured the consortium are paying. None of them were done in days or weeks.

Biggest surprise to me is the sieve like confidentially and the seeming amount of leakage to ITK’s.
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Maybe the 'itk' is not that itk, he's had a few guesses at timescale already has he not ?
 
oddbod said:
If im being brutally honest fella I have always taken reivers and your posts in good faith and on face value .....However I must admit im flagging a bit with the accomidations you both appear to be making with the narrative of this takeover.
Reiver in past posts deffo stated some of the buyers intentions and that the books had been looked at by a prestigious accountancy firm and signed off!Im starting to wonder if the source of reivers info is bulshitting reiver!

Thats my fear also!
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that’s my view too.... not knocking the posters themselves, as they are clearly decent posters and not the usual bull shitters - so obvs posting in good faith. Nowt bad aimed at them at all.....

But it def doesn’t look like it’s ‘done’, just looks like there is a determined buyer and a willing seller.
 
Feed the Monster said:
I don’t really understand that. Corporate acquisitions tend to take months and will spin out if the due diligence is complicated, if there are regulatory issues, haggling over post completion conditions, difference of opinion on deferred payments, earn out whatever. They’ll drag on even longer if there’s no pressing deadline like year end or closing of a transfer window.

I’ve lost count of the number of acquisitions I’ve been involved with, a number of them bigger than what it’s being rumoured the consortium are paying. None of them were done in days or weeks.

Biggest surprise to me is the sieve like confidentially and the seeming amount of leakage to ITK’s.
Click to expand...

It's been going on for months to be fair.
 
Feed the Monster said:
I don’t really understand that. Corporate acquisitions tend to take months and will spin out if the due diligence is complicated, if there are regulatory issues, haggling over post completion conditions, difference of opinion on deferred payments, earn out whatever. They’ll drag on even longer if there’s no pressing deadline like year end or closing of a transfer window.

I’ve lost count of the number of acquisitions I’ve been involved with, a number of them bigger than what it’s being rumoured the consortium are paying. None of them were done in days or weeks.

Biggest surprise to me is the sieve like confidentially and the seeming amount of leakage to ITK’s.
Click to expand...

I think the trouble is it was posted as ‘done’ nothing can stop it, just waiting for the announcement.... what your describing in terms of corporate acquisitions, the deal can in fact fall down at any minute during that length of time. I bet after it is ‘done’ it doesn’t take months.

so using the same logic, it isn’t/wasn’t done... and once you unpick that little bit of ITK knowledge, then to be fair we are left with fuck all! Haha

Somethings obviously happening - but clearly there was something happening at nufc in the summer.... and that didn’t go too well.
 
Grumpy Old Man said:
Reiver's had a ton of messages over the weekend. What he's asked me to put out on his behalf is this.

"More delays in being able to make an announcement, and the whole situation is putting the club in limbo. The new owners aren't declaring their intentions, but the 'current' owners can't do anything without fear of upsetting things. All kinds of things have been found in due diligence, as would happen at any club, but them wanting to have solutions in place before announcing just prolongs things. Everything from Alvarez, contracts going back to Moyes and before, and outstanding agents' demands have been analysed and extra people brought in to do the work. No surprise, but money was drained out of the club for fun. I don't think anyone's position is safe when, not if, the new T&Cs are carved into the heart of the club"

One thing to add and stress. THE TAKEOVER ITSELF IS NOT AT RISK. What's happening is the new owners wanting to put corrective measures into action before announcing, so that they can hit the ground running.
Click to expand...

Didn’t actually see this earlier. Fair enough.
 
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