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SAFC Takeover Latest

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Played a blinder. They told us when Chapman walked away it was because they didn't think he bad enough backing to kick us on.

I'd say these blokes might.
I think they've been superb Imo. If it wasn't for their care we'd be done, maybe even out the league. What a story.
 
Right, the situation. The new company is owned 100% by the American LLP. As that's registered in Delaware, which has very limited disclosure requirements, it's guesswork as to who the partners are. My guess is all four. Dell isn't a director of the newco, because he's intended to be a passive investor. Going forward, I'd guess that the newco will own a majority stake in Sunderland, with the minority interest staying with Madrox.
Soooo, that's good right? I mean it sounds like the control to our new Dell Overlords?
Can you explain that being a Director doesn't necessarily mean that you have an equal share of the business as I think that some are getting a bit confused on here?
It's true. I don't understand any of it.
I'll have a proper think and post something considered when things calm down a bit, and I get some idea of the new structure. For the moment, I'm sitting in a restaurant in Newcastle having a very pleasant late lunch and trying not to grin like a lunatic.
I'm still hours behind on this, plodding through the thread...
 
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I think of him as a mate. We have locked horns but he’s been telling me a lot about what has been going on via e mail.
He has been 100% that this deal was done. He was right. I will be looking to see if some of the other things he has told me turn out to be right.
Another poster who regularly has a poke at him, was in his element when he learnt Rivs had been banned this week.
Slagging a poster off when he can’t respond is the lowest of the low.
With bans being dished out here there and everywhere( but not to one moderator who oversteps the mark and tries just a little too hard) I let it all go, but I will say now, there are a handful of posters whose posts re Reiver were disgraceful.
You know who you are.
 
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