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Takeover News/Rumours - Part 42
- Thread starter Deleted User 18963
- Start date
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one armed boxer
Striker
Billy Batts
Striker
Sauce?
Redhouser
Midfield
I know it's (not) over
hertsmackem
Striker
why say that how do u know?
I'm guessing RGS as Rugby is obviously the number one sport plus a bit cricket mebees. My office was in Jesmond late 90's early noughties so I witnessed colleagues that were parents of kids at RGS or Church High suddenly attending mag games (in the boxes obviously) and being totally f***ing clueless.
hertsmackem
Striker
What a place to seal your fate
A deserted carpark not even a date
Please don't tell me it's too late
If you love someone don't throw it all away
Now the lights out, I discover
Just a weekend undercover
Tell me it's not over
Tell me it's not over
Tell me it's not over
KittenMittens
Midfield
If the issues Nixon mentions are since resolved, then good. I'm not sure how they've been resolved in just a week though, this is a massive change to the deal.
There's a lot to unpack here assuming Nixon is even close to the truth, but one of the most interesting parts is that it appears that KLD and JS are apparently not using a holding company to jointly buy the shares in Madrox. They're going to purchase shares from Donald in Madrox and administer them as two separate people. I wonder if JS tried to convince him that he was fed up with SD and CM, and that together they would own 79% of the club and a majority, and KLD has got cold feet about a deal like that with 3 people who have a lot of business history together. If they'd have used a holding company, the only thing that would have mattered was which one of JS or KLD had final say in the holding company.
It's a huge distinction, as a lot of people pointed this out very early on in the process - KLD would effectively have owned a minority share in us, and the current consortium of owners would still hold a majority if they wanted to exercise it. Now we know why they used bullshit euphemisms about 'share realignment' instead of outright calling it a takeover. I'm sure KLD knew this was possible from the start, but the only plausible reason he would have even considered such a deal would have been on the basis that JS and SD did not agree on how to run the club, and JS needed KLD to form a new majority partnership.
It's definitely positive if KLD wants more say and a majority shareholding, as the upshot is that it legitimately would constitute a takeover. What worries me is that the person feeding Madbob sounds a lot like the person who has been feeding other ITK's, and that person who is saying it's all done bar the shouting has a vested interest in continuing the takeover momentum. I'd be pleasantly surprised if KLD called their bluff on this and they have ceded any ability to form a majority to him, but it's a big deal and a big change to the terms, it'll likely require quite a lot of renegotiation.
tl;dr Basically, even if SD/CM and JS agreed that KLD can take a majority in just a few days this week (clearly going against their original plan to get his cash without ceding control), I'd be staggered if the legal agreements didn't need a substantial rework.
There's a lot to unpack here assuming Nixon is even close to the truth, but one of the most interesting parts is that it appears that KLD and JS are apparently not using a holding company to jointly buy the shares in Madrox. They're going to purchase shares from Donald in Madrox and administer them as two separate people. I wonder if JS tried to convince him that he was fed up with SD and CM, and that together they would own 79% of the club and a majority, and KLD has got cold feet about a deal like that with 3 people who have a lot of business history together. If they'd have used a holding company, the only thing that would have mattered was which one of JS or KLD had final say in the holding company.
It's a huge distinction, as a lot of people pointed this out very early on in the process - KLD would effectively have owned a minority share in us, and the current consortium of owners would still hold a majority if they wanted to exercise it. Now we know why they used bullshit euphemisms about 'share realignment' instead of outright calling it a takeover. I'm sure KLD knew this was possible from the start, but the only plausible reason he would have even considered such a deal would have been on the basis that JS and SD did not agree on how to run the club, and JS needed KLD to form a new majority partnership.
It's definitely positive if KLD wants more say and a majority shareholding, as the upshot is that it legitimately would constitute a takeover. What worries me is that the person feeding Madbob sounds a lot like the person who has been feeding other ITK's, and that person who is saying it's all done bar the shouting has a vested interest in continuing the takeover momentum. I'd be pleasantly surprised if KLD called their bluff on this and they have ceded any ability to form a majority to him, but it's a big deal and a big change to the terms, it'll likely require quite a lot of renegotiation.
tl;dr Basically, even if SD/CM and JS agreed that KLD can take a majority in just a few days this week (clearly going against their original plan to get his cash without ceding control), I'd be staggered if the legal agreements didn't need a substantial rework.
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This! Why would KLD want these failures making decisions.
Red and white TID
Midfield
Any you want it ain’t happening
Hawyatt Earp
Striker
The one where that 23 year old is taking over
Paolo's Right Hand
Winger
I’ll eat my own words if there is a takeover, and by that I mean KLD or whoever the new owner is/will be holding 51%+ if the shares.
This has gone on for too long, been about 2 months now since the guardian said was nearly done and like 5-6 weeks since RR said was with the EFL.
This has gone on for too long, been about 2 months now since the guardian said was nearly done and like 5-6 weeks since RR said was with the EFL.
molthemackem
Striker
It would be appropriate for him to ask those questions , purely as a journalist.
The only fantasists are Doanld, Meathven & Twatori
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pwsafc
Striker
And how do you know?
KittenMittens
Midfield
Don't forget we were first told about the POE via Barnes on July 26th.
The timeline is grim. It took 3 months from that point for KLD to submit a formal bid, which isn't unusual, but for that bid to then be accepted in the last week of October, and 7 weeks later to be undergoing fundamental changes is not a great sign that everything was as far advanced as we were told in November.
Pepe
Striker
One of these
and then wait for adulation.
Bears Beets
Striker
Spartan
Striker
is he still 23 ?
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