Why are we waiting?


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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'
You say you don't know that but then say Short wasn't asking for money for the club. If Short isn't asking for money for the club it means he is selling it for £1, so do you know or not?
What position do you hold that would give you knowledge of the the details of a sale between Short and a buyer?
Even if he was selling it for a £1 there would still be a need for 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.
I had initially thought the news of that being the reason for Coleman's hasty sacking was a sure sign that due dilligence had at least been done to some degree but I did wonder if what you say there would be the alternative.
I am a little surprised that Short still had his finger on the pulse enough to know of the clause though.
 
You say you don't know that but then say Short wasn't asking for money for the club. If Short isn't asking for money for the club it means he is selling it for £1, so do you know or not?
What position do you hold that would give you knowledge of the the details of a sale between Short and a buyer?
Even if he was selling it for a £1 there would still be a need for due diligence.
Would the implication not be that it was sold for considerations due on future achievements? So he may know that it was no money now but not what conditions are attached in terms of possibly asking, for example, for x amount on return to the Championship etc.
 
You say you don't know that but then say Short wasn't asking for money for the club. If Short isn't asking for money for the club it means he is selling it for £1, so do you know or not?
What position do you hold that would give you knowledge of the the details of a sale between Short and a buyer?
Even if he was selling it for a £1 there would still be a need for due diligence.

What. God you can tell the Mags are desperate to tick off a few boxes for their little grief-wank.

I am quoting Short literally releasing it to the press for months beforehand that he didn't want a fee for the club, hence 'unless that changed'. If he is selling it for a negligible amount, what does it matter to you? Or anyone except Short and the consortium, for that matter?

I don't hold a position in the bid myself, clearly. I have already said I won't elaborate on the role of the person involved, but they are high enough up to have considerable influence.

And as for due diligence needing to be done, glad we agree. I am saying it is in the process of being done. What is your point?

Would the implication not be that it was sold for considerations due on future achievements? So he may know that it was no money now but not what conditions are attached in terms of possibly asking, for example, for x amount on return to the Championship etc.

Yeah, agreed. As I said, I'm not privy to that and haven't asked as it's obviously sensitive to the parties until it's over the line.
 
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.

Is that "other parties" in this particular deal? Can't decide whether you're suggesting the margins and degree of comfort are large or marginal
 
Not getting involved in the ITK war but, with Stewart Donald being so open and communicative, I'm surprised he hasn't mentioned due diligence being on going. All he is saying is that he's waiting for EFL approval. Might just be super confident like but you'd think he'd mention it, even if clarifying that he isn't expecting any issues
 
Would it, which other clubs have done it in less than 2 weeks

Never looked into it but I know fine well if it was one of the favourites it would be pushed through quickly. Because it’s little shitty Sunderland there will be no rush just like the mess about with allardyce and the England job. Wouldn’t be surprised if they find a daft reason to say the deal with Donald can’t go through
 
Never looked into it but I know fine well if it was one of the favourites it would be pushed through quickly. Because it’s little shitty Sunderland there will be no rush just like the mess about with allardyce and the England job. Wouldn’t be surprised if they find a daft reason to say the deal with Donald can’t go through
I think the quickest is being stated as 2/3 weeks and the longest 6/8 weeks so we aren’t even at the earliest point yet.
 
Never looked into it but I know fine well if it was one of the favourites it would be pushed through quickly. Because it’s little shitty Sunderland there will be no rush just like the mess about with allardyce and the England job. Wouldn’t be surprised if they find a daft reason to say the deal with Donald can’t go through

I don't think the FA took that long with Allardyce. Seem to remember the Belgium job was available at the same time and they took longer
 
You say you don't know that but then say Short wasn't asking for money for the club. If Short isn't asking for money for the club it means he is selling it for £1, so do you know or not?
What position do you hold that would give you knowledge of the the details of a sale between Short and a buyer?
Even if he was selling it for a £1 there would still be a need for due diligence.
Fat bastard.
 
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