Why are we waiting?


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My only worry is if they have agreed to buy the club before due diligence then surely there's a good chance of them running a mile if they don' like what they see? I always thought owners/consortiums took out that national disclosure agreement then due diligence then that decided if they were going to go ahead?
 
If thats the case its not that close then and a chance it can fall through

I would say both of those things are possible, but equally the way Donald has acted publicly and the way the due diligence process was characterised to me as a formality indicate they're confident at least. They know what they're getting into.
 
I expected that by now the EFL would have either given the go ahead for this takeover and Stewart Donald would have control, or would have knocked it back, what do you think is holding this up? I thought a week would have been enough time to finalise this.

I didn't think it would be long before someone would finally join my thinking.

The EFL are known for bias and favouritism. If they don't like you they will make life hard for you and will hold things up by making shit up like due diligence.
 
My only worry is if they have agreed to buy the club before due diligence then surely there's a good chance of them running a mile if they don' like what they see? I always thought owners/consortiums took out that national disclosure agreement then due diligence then that decided if they were going to go ahead?

Of course they’ve done due diligence :lol::lol::lol::lol:

They wouldn’t have agreed a price if they hadn’t of done it.
 
Of course they’ve done due diligence :lol::lol::lol::lol:

They wouldn’t have agreed a price if they hadn’t of done it.

They haven't.

They didn't need to agree on a price when that price is negligible. Short wasn't asking for cash up front. I agree with what you're saying, that it would have made sense to do it a different way, but for whatever reason, they've clearly felt it was in their interests to go public before that point.

If I was speculating (And some of my speculating posts have ended up regurgitated as fact on here so I'm loath to...) I'd guess they wanted to initiate the EFL process now and that Coleman being sacked before the last game of the season was financially the right move for all concerned, so they wanted to to that at the same time.

There's plenty of logical reason to do it this way if you scratch deeper, but I would guess the EFL process is the main one.
 
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They haven't.

They didn't need to agree on a price when that price is negligible. Short wasn't asking for cash up front.

As a man in the know what was the price, i'm curious.
Doesn't need to be exact obviously, are we talking more of a £1 give away, a 5, 6, 7, or 8 figured sum?
Is the monies to be paid in instalments or is it a deferred payment?
 
They haven't.

They didn't need to agree on a price when that price is negligible. Short wasn't asking for cash up front. I agree with what you're saying, that it would have made sense to do it a different way, but for whatever reason, they've clearly felt it was in their interests to go public before that point.

If I was speculating (And some of my speculating posts have ended up regurgitated as fact on here so I'm loath to...) I'd guess they wanted to initiate the EFL process now and that Coleman being sacked before the last game of the season was financially the right move for all concerned, so they wanted to to that at the same time.

There's plenty of logical reason to do it this way if you scratch deeper, but I would guess the EFL process is the main one.
Do you know how they would have known about the clause in Coleman’s contract (£2m pay off post takeover vs £300k pre takeover) if they hadn’t done any due diligence?
 
It costs £200 to lodge the paper work with the EFL. Don has paid half up front and asked them if they can wait until pay day for the other £100.








;)
 
Do you know how they would have known about the clause in Coleman’s contract (£2m pay off post takeover vs £300k pre takeover) if they hadn’t done any due diligence?

Yes. They spoke to the guy who hired him. A Mr E. Short of Texas, USA. The confusion here is that it's perfectly reasonable to assume they have some basic assurances from Short, and that he feels they are a realistic enough proposition that he has agreed to pay off the debt. He wants rid, and if that means taking decisions now that get it over the line (such as not saddling them with a £2m pay off straight off the bat for someone he knows they don't want), so be it.

As a man in the know what was the price, i'm curious.
Doesn't need to be exact obviously, are we talking more of a £1 give away, a 5, 6, 7, or 8 figured sum?
Is the monies to be paid in instalments or is it a deferred payment?

I don't know that. I do know that Short wasn't asking for money for the club, hence there is no need for them to do due diligence in order to commit to a deal in principle if that didn't change (no reason to suggest otherwise), knowing they just acquired a big football club with no debt for a negligible amount. Even if they committed money on a contingency basis, that's not something they would need to do due diligence for before they agreed to do the deal at this stage. Think of it like the 'headline terms'

No f***ing way a deal would be agreed without due diligence. Some f***ing numpties on here mind.

You do realise they can back out yes? Until it's over the line with all parties, signed, big picture with Stewart Donald holding an SAFC scarf, it ain't done, so the deal in principle is different to agreeing blindly to pay? You do realise when Mike Ashley purchased Newcastle, he did exactly the same? Numpties indeed...

FYI, I'm actually in the middle of a similar process on a personal level, and half of the investors have begun due diligence, while the other half will do it after they make an offer for the other 40% of the equity available. It's a fluid process that can fall apart at any moment, and it's excruciating.

EFL's, not Donald's.

It's Donald's due diligence that hasn't been completed. ETA is 6 days. They seem to have initiated the public side of the deal before doing it. Other parties did it another way, probably because they had less money or more likely, would not be able to commit any money without knowing the exact figures. That should tell you something about the margins in play with them, and the degree of comfort we should have with the new people.
 
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