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Takeover Rumours

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thecloughywobble said:
I think not, dear boy. There are others on here who will possess expertise in the subject. I am not one of them. But, as I understand it, in riveted steel or iron ship construction, caulking was a process of rendering seams watertight by driving a thick, blunt chisel-like tool into the plating adjacent to the seam. This had the effect of displacing the metal into a close fit with the adjoining piece. So, no flammable corking material to catch aleet. Unlike the owld wooden sailing ships where oakum was used. Now that would have been flammable. There again, I don't think there'd have been any welding or steel riveting required....
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Dear man
Making the seams between the shell or deck planks of a ship watertight. Caulking is a technique whereby the gaps between the shell strakes or deck planks are sealed using fibres, cord and pitch.
 

wisemensaysteve said:
I was locked out, I got within 10 people in the paddock stand queue and they locked the gate,I spent the whole time outside the Fulwell listening to the crowd
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Only game i ever watched from the Roker end..was always the Fulwell then the Clock stand paddock..but that night made the smart choice to move to the queues for the Roker
 
I seen posts earlier saying we need a CEO and Brian Marwoods name was mentioned
I wonder if that is the role Tony Davison could do seeing as he knows the set up and probably has the skills and experience to be successful. Apart from being a MLF
 
This is pure speculation but I honestly think that these things take time and by the very nature of the transactions complexity.

I would imagine that the parties entered some form of Heads of Agreement for the private purchase of a said percentage of shares that was subject to due diligence and final ratification.

The noted individuals are individually wealthy and from what we know this is a private transaction / purchase of shares not as MSD or any of their investment arms.

MSD has a company in the UK that one of the proposed shareholders is a director of and one has resigned. As I said this won’t be that simple as we believe that that is not the model that they will use.

I suspect that they will form another company, possibly a holding company, with classifications of shares for voting rights. At a guess the formation of such would have to be ratified by MSD as part of their partnership arrangements in the USA. Furthermore, I suspect that authorities such as the SEC will be involved in the USA as the combined and individual wealth of these individuals will mean that they have fingers in multiple pies. It is also highly likely that the monies for the transactions will be subject to a whole raft of anti-money laundering / bribery / corruption / tax approvals via a team of lawyers / accountants to ensure that nothing is breached.

Then finally the structure of the holdings in the UK, dependent on how they decide to do this, it could include formation of a holding company that acquires some or all of the shares that are currently held by three individuals.

Those individuals will all have to agree as to what price they are selling for and what percentage. They will obviously have to take professional advice from their legal and accountancy third party advisors.

Voting rights and control will have to be decided which is key in any business as this ultimately is the parameters under which the company will perform.

It would more than likely, be a lot more straight forward if the purchase was outright and by one individual but that is not what we are led to believe in this case.

As stated all of the above is pure speculation but I expect that this is what the delays are attributable to, if there are in fact any delays at all. The expectation, in terms of completion, may well differ totally to those that are speculating on the outside.

Any deal is not done until it is final and announced. There may well be intent there but no deal is done until the transactions are completed. All parties will be subject to confidentiality / Non Disclosure Agreements and would be absolutely foolish to breach such when they may well and usually do contain damages type recourse.

All of the above is guesswork but this will be a highly complex series of transactions and I suspect that none of the so called delays relate in any way to the team or management of the team, but actually the structure of the business.
 
ReaL Madras said:
This is pure speculation but I honestly think that these things take time and by the very nature of the transactions complex.

I would imagine that the parties entered some form of Heads of Agreement for the private purchase of a said percentage of shares that was subject to due diligence and final ratification.

The noted individuals are individually wealthy and from what we know this is a private transaction / purchase of shares not as MSD or any of their investment arms.

MSD has a company in the UK that one of the proposed shareholders is a director of and one has resigned. As I said this won’t be that simple as we believe that that is not the model that they will use.

I suspect that they will form another company, possibly a holding company, with classifications of shares for voting rights. At a guess the formation of such would have to be ratified by MSD as part of their partnership arrangements in the USA. Furthermore, I suspect that authorities such as the SEC will be involved in the USA as the combined and individual wealth of these individuals will mean that they have fingers in multiple pies. It is also highly likely that the monies for the transactions will be subject to a whole raft of anti-money laundering / bribery / corruption / tax approvals via a team of lawyers / accountants to ensure that nothing is breached.

Then finally the structure of the holdings in the UK, dependent on how they decide to do this, it could include formation of a holding company that acquires some or all of the shares that are currently held by three individuals.

Those individuals will all have to agree as to what price they are selling for and what percentage. They will obviously have to take professional advice from their legal and accounts third party advisors.

Voting rights and control will have to be decided which is key in any business as this ultimately is the parameters under which the company will perform.

It would more than likely, be a lot more straight forward if the purchase was outright and by one individual but that is not what we are led to believe in this case.

All of the above is pure speculation but I expect that this is what the delays are attributable to, if there are in fact any delays at all. The expectation, in terms of completion, may well differ totally to those that are speculating on the outside.

All in all, the deal is not done until it is final and announced. There may well be intent there but no deal is done until the transactions are completed. All parties will be subject to confidentiality / Non Disclosure Agreements and would be absolutely foolish to breach such when they may well and usually do contain damages type recourse.

All of the above is guesswork but this will be a highly complex series of transactions and I suspect that none of the so called delays relate in any way to the team or management of the team, but actually the structure of the business.
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So does that mean it's gonna be today then? :lol:
 
HebburnMackem said:
So does that mean it's gonna be today then? :lol:
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I have absolutely no idea, but what is the point of stressing about it? If it happens, we will all see it as the opportunity for the Phoenix to rise from the flames. If it doesn’t we carry on and hope that someone else eventually steps up with the finances to take us forward. I personally believe that SD and CM have the bit between their teeth and will ultimately do the right thing for themselves and the club.

I don’t believe that anyone can be certain on the time and date, they will just have estimated times.
 
ReaL Madras said:
I have absolutely no idea, but what is the point of stressing about it? If it happens, we will all see it as the opportunity for the Phoenix to rise from the flames. If it doesn’t we carry on and hope that someone else eventually steps up with the finances to take us forward. I personally believe that SD and CM have the bit between their teeth and will ultimately do the right thing for themselves and the club.

I don’t believe that anyone can be certain on the time and date, they will just have estimated times.
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There's a lot of posters on this thread that are doing this and I don't know why?
@Sima
 
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Well if the takeover is announced tomorrow that will make it September 11. A day now synonymous with major events.
 
With our soon to be new owners bring from the US I can’t see this being announced on 9/11. Apple for example always avoid this date for their new iPhone events. So Thursday would be my best guess.
 
ReaL Madras said:
This is pure speculation but I honestly think that these things take time and by the very nature of the transactions complexity.

I would imagine that the parties entered some form of Heads of Agreement for the private purchase of a said percentage of shares that was subject to due diligence and final ratification.

The noted individuals are individually wealthy and from what we know this is a private transaction / purchase of shares not as MSD or any of their investment arms.

MSD has a company in the UK that one of the proposed shareholders is a director of and one has resigned. As I said this won’t be that simple as we believe that that is not the model that they will use.

I suspect that they will form another company, possibly a holding company, with classifications of shares for voting rights. At a guess the formation of such would have to be ratified by MSD as part of their partnership arrangements in the USA. Furthermore, I suspect that authorities such as the SEC will be involved in the USA as the combined and individual wealth of these individuals will mean that they have fingers in multiple pies. It is also highly likely that the monies for the transactions will be subject to a whole raft of anti-money laundering / bribery / corruption / tax approvals via a team of lawyers / accountants to ensure that nothing is breached.

Then finally the structure of the holdings in the UK, dependent on how they decide to do this, it could include formation of a holding company that acquires some or all of the shares that are currently held by three individuals.

Those individuals will all have to agree as to what price they are selling for and what percentage. They will obviously have to take professional advice from their legal and accountancy third party advisors.

Voting rights and control will have to be decided which is key in any business as this ultimately is the parameters under which the company will perform.

It would more than likely, be a lot more straight forward if the purchase was outright and by one individual but that is not what we are led to believe in this case.

All of the above is pure speculation but I expect that this is what the delays are attributable to, if there are in fact any delays at all. The expectation, in terms of completion, may well differ totally to those that are speculating on the outside.

All in all, the deal is not done until it is final and announced. There may well be intent there but no deal is done until the transactions are completed. All parties will be subject to confidentiality / Non Disclosure Agreements and would be absolutely foolish to breach such when they may well and usually do contain damages type recourse.

All of the above is guesswork but this will be a highly complex series of transactions and I suspect that none of the so called delays relate in any way to the team or management of the team, but actually the structure of the business.
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I'm no expert in these matters. But a lot of that makes sense, and illustrates the need for patience. We can't sign any players anyway, so it matters little whether we announce a takeover this week, next week,next month or anytime between now and Christmas. It does however give the thread time to grow and grow ... for better or worse.
 
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