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Takeover News/Rumours - Part 42

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Johnsafc said:
If Armstrong is right then it means KLD and Sartori will both have 40%.

Means Madrox as it stands (Donald,Methven,Sartori) will hold 60% and therefore will have the majority say? Would be a major worry
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Seems like it, if Armstrong is correct. I did think it was a bit strange that sartori was being billed as the leader but not increasing his shareholding.
 

Johnsafc said:
If Armstrong is right then it means KLD and Sartori will both have 40%.

Means Madrox as it stands (Donald,Methven,Sartori) will hold 60% and therefore will have the majority say? Would be a major worry
Click to expand...
Fux sake. Well just have to hope Sartori thinks itchy and scratchy are wankers and bins them off. This is turning into game of f***ing thrones 😂😂
 
The Beautiful Game said:
It comes down to this really. Theres plenty of clubs that have owners or directors that aren't liked by the fanbase. So long as theres a good footballing appointment and that person isn't dictated to by the likes of SD, CM and JS than it doesnt matter who owns us. I dont trust those three to make the right appointment and not to interfere like but I guess we can only wait and see.
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But he'll make decisions that will impact on the footballing side.

He's gotta go for me.
 
Johnsafc said:
If Armstrong is right then it means KLD and Sartori will both have 40%.

Means Madrox as it stands (Donald,Methven,Sartori) will hold 60% and therefore will have the majority say? Would be a major worry
Click to expand...
It would mean that Sartori and KLD have a majority together too. That’s just as (ir)relevant to me.

Unless we know the intricacies of their personal relationships then it’s not worth worrying about. From tittle tattle I would say that the likelihood is that Donald is the most likely to be marginalised.
 
Steeeeed said:
No one should be employed at any level by the club who is so willing to openly express their utter disdain for the fan base. The idea that Methven will return to the top table and be able to continue with his toxic fans narrative is extremely concerning.

And frankly, that the new owners would sanction this is a cause for concern with regards their due diligence and decision making.
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👏👏 well said
 
Johnsafc said:
If Armstrong is right then it means KLD and Sartori will both have 40%.

Means Madrox as it stands (Donald,Methven,Sartori) will hold 60% and therefore will have the majority say? Would be a major worry
Click to expand...

Depends on the structure. If Sartori moved his shares into a company co-owned by him and Louis-Dreyfus, then that company would own 80%. This makes even more sense if, as seems likely, further consortium members will come on board as and when they can get EFL clearance. The assumption people make is that Donald, Methven and Sartori are singing from the same hymn sheet. My own feeling is that they very much aren't. Donald just wants to be as far away as possible while maintaining some skin in the game, Methven thinks he has unfinished business here, and Sartori is probably pissed off beyond recognition at how badly the other two have screwed it up. I'd say it's more likely they're at loggerheads.
 
Johnsafc said:
If Armstrong is right then it means KLD and Sartori will both have 40%.

Means Madrox as it stands (Donald,Methven,Sartori) will hold 60% and therefore will have the majority say? Would be a major worry
Click to expand...

If that's the case, I'd say we've been duped, but I don't think it will be, because I doubt KLD is that daft.

I think a consortium (ie: a newly founded company owned jointly by JS, KLD and another person potentially) will take 80% of the shares in SAFC. The key part is that they do it as a company where KLD has equal say in decisions. If that's the case, great. If JS has the ultimate say, then I'd be concerned.

I wouldn't worry too much. If you can spot it, KLD's lawyers and deal advisors definitely can mate.
 
Grumpy Old Man said:
Depends on the structure. If Sartori moved his shares into a company co-owned by him and Louis-Dreyfus, then that company would own 80%. This makes even more sense if, as seems likely, further consortium members will come on board as and when they can get EFL clearance. The assumption people make is that Donald, Methven and Sartori are singing from the same hymn sheet. My own feeling is that they very much aren't. Donald just wants to be as far away as possible while maintaining some skin in the game, Methven thinks he has unfinished business here, and Sartori is probably pissed off beyond recognition at how badly the other two have screwed it up. I'd say it's more likely they're at loggerheads.
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This.

It's very doutful that KLD would have a 40% ownership (with an independant company to Madrox) allowing the make up of Madrox 60%, it wouldn't make sense.
 
Binxy said:
Not if KLD and Satori stick together.
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Sartori has been aligned with Methven and Donald for years going back to an attempt to purchase Oxford so I can understand that people are worried like. Clearly got a stronger relationship up to this point but suppose none of us knows whats going on in their private lives. If it was Sartori 40% Donald 15% and Methven 6% then the majority of Madrox would remain unchanged
 
Yes, my concern has been that a 22 year old kid with a trust fund does not just rock up and buy a football club. If he was to, why would Donald still be involved.

A dilution of Donald’s ownership to bring in more capital seems a lot more plausible. Maybe the kid has more money than sense but the need for Donald to seek more capital is suggestive that the club is not on a sustainable footing.

To be fair I cannot imagine many clubs outside the top tier are.
 
The major thing from this is more ITK chat that Methven is going to be more than a silent partner in all of this. The 40% + 40% chat doesn't worry me because that's exactly as expected based on what we've heard. KLD is not stupid, if he wants change, he isn't going to put substantial money into something he ultimately cannot control from a legal perspective (imo).

But Methven having an active role in our future is pretty much unacceptable and is tantamount to sticking two fingers up at us. After everything he's said, the way he's conducted himself both when he was here and after he left, I just can't comprehend why someone would think that was a good idea. Absolutely baffling.
 
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