Takeover News/Rumours - Part 42

[Billy Batts]

Thats not going to happen and you know that.
The deal is agreed. It is only legals slowing things down over the latest change in the share issue.
I hope you have a great Xmas Ian look after yourself.

KLD wanting more shares?

 

[richest]

Ascending the chain, we have Sunderland Ltd (owns 100% of SAFC), Madrox Partners Ltd (owns 100% of Sunderland. Madrox is owned 74% SJD Leisure Holdings Ltd, 20% Avesa Corp, and 6% Dragon PR Ltd. All of these are limited liability entities. What limited liability means is that, in the absence of any personal guarantees, the shareholders in a limited company are not liable for its debts. Bluntly, Stewart Donald is not personally responsible for the debts of SAFC.

But he would lose his investment.

 

[dave hedgehog]

Ascending the chain, we have Sunderland Ltd (owns 100% of SAFC), Madrox Partners Ltd (owns 100% of Sunderland. Madrox is owned 74% SJD Leisure Holdings Ltd, 20% Avesa Corp, and 6% Dragon PR Ltd. All of these are limited liability entities. What limited liability means is that, in the absence of any personal guarantees, the shareholders in a limited company are not liable for its debts. Bluntly, Stewart Donald is not personally responsible for the debts of SAFC.

True but for it to continue as it is at present he needs to put money in (which he hasnt got)therwise he will be forced to liquidate safc which in turn means he loses any value on his investment. All in all it is SD who will lose out if he doesnt make this work.

Also, surely investors will want their dosh back!!! Which id imagine theyd have some form of guarantee in place for their investment.

 

[Grumpy Old Man]

But he would lose his investment.

If the club went bust, yes. Short of that, he will try to factor loans into any deal.

 

[Ageing Grey Mackem]

Other than reports from reputable news organisations, you're very much right.

Aye and how’s that playing out for you?

 

[Thatheaderman]

Nothings gone on !

Well whatever supposed to have gone on has gone on

Thats not going to happen and you know that.
The deal is agreed. It is only legals slowing things down over the latest change in the share issue.
I hope you have a great Xmas Ian look after yourself.

Are these bastard legals getting paid by the day ffs. Hurry the fuck up before me heed blars up.

 

[Grumpy Old Man]

Well whatever supposed to have gone on has gone on

Are these bastard legals getting paid by the day ffs. Hurry the fuck up before me heed blars up.

By the hour mate - hundreds of pounds an hour.

 

[Arfa Sleep]

Aye and how’s that playing out for you?

Still on going.

 

[Ageing Grey Mackem]

Still on going.

I had dark hair when it started man. I look like captain Birdseye now.

 

[Arfa Sleep]

I had dark hair when it started man. I look like captain Birdseye now.

Is that a bad thing?

 

[Football Dinosaur]

I had dark hair when it started man. I look like captain Birdseye now.

Crumbs!

 

[Thatheaderman]

I had dark hair when it started man. I look like captain Birdseye now.

Summit fishy going on there.

 

[Vincemac]

It’s still happening
just give it time

 

[Ashley In!!]

Key day tomorrow

 

[johnny kayo]

Key day tomorrow

Ties in with what I’ve heard

 

[Thatheaderman]

Key day tomorrow

What. You getting a new house

 

[Quench]

Key day tomorrow

Black eye day

 

[richest]

Ties in with what I’ve heard

Yes its because its friday

 

[Ashley In!!]

Yes its because its friday

Nixon writing his Friday / Saturday Chronicle piece as we speak.

 

[Fletch]

Too many delays and complications for my liking