(02-12-2024, 02:48 PM)CarlosCorbewrong Wrote: It's on WestBromNews so I think it's time to take it seriously.  Evidently the first piece of evidence that this yank knows nothing about football.  The sockless Villa twat is looking more favourable by the minute.

(02-12-2024, 04:08 PM)BurleyBaggie Wrote:

(02-12-2024, 02:48 PM)CarlosCorbewrong Wrote: It's on WestBromNews so I think it's time to take it seriously.  Evidently the first piece of evidence that this yank knows nothing about football.  The sockless Villa twat is looking more favourable by the minute.

Get a grip. Its absolute cock.

(02-12-2024, 04:22 PM)ColliersWoodBaggie Wrote: 10 pages to go!

(02-12-2024, 04:03 PM)Peachy Wrote: This Italian coach story has probably come from Hearn and Co to try and destabilise the Patel bid in the eyes of the fans.

Sounds like utter horse shit to me....

(02-12-2024, 01:38 PM)Kit Kat Chunky Wrote:

(02-12-2024, 12:34 PM)Malcolm Tucker Wrote:

(02-12-2024, 11:46 AM)Kit Kat Chunky Wrote:

(02-12-2024, 08:18 AM)Pragmatist Wrote:

(02-12-2024, 07:30 AM)SW4Baggie Wrote: As has been said on here, it reads like the sockless Villa cunt has realised he’s lost his money in this deal and is desperately seeking to establish any method to get his cash back. It’s a safe assumption he and Farnell are leaking as they are looking to disrupt and delay the deal as best they can.

If Patel’s takeover goes through, regardless of any assurances Lai and Co. may have given, there’s no way he’s seeing his money again. Holdings will transfer their 88% shares and leave Hearn with whatever % he wants of a company with no assets. Lai and his friends have lost their shirts in this whole saga, and I’m sure the Chinese wall of silence will go up the second the money arrives in Guangdong.

With all the noise being created, you’d have thought the EFL would have at least had a word with those concerned stating the concerns around Farnell being involved in club ownership.

That’s not correct. 

Holdings would receive the net sale monies from the sale of its 88% stake, and Holdings would not be able to (legally) distribute those net sale monies to shareholders without first settling the secured debt to Warmfront. 

Hearn’s concern I suspect is whether he can rely on the directors of Holdings to act in accordance with company law.  He would have good reason to be concerned.  If the directors of Holdings went ahead and distributed to China without repaying him then he’ll have a heck of a job trying to recover it.

Hearn could probably slap an injunction on Holdings - which could I guess disrupt the sale.  He has every reason to be going to China to try to exert some pressure.

Would they not just declare a dividend, and Hearn would receive 2.35% of it? He would have to call in his debt though to enforce his security. By my maths, 2.35% would be less than he was owed, though. 

This is like a game of poker.

Can’t see how they could declare a dividend, as there’ll be a stonking loss upon the sale of the 88% in Group won’t there?

A minor detail that I had forgotten about 

(02-12-2024, 04:22 PM)ColliersWoodBaggie Wrote: 10 pages to go!

(02-12-2024, 02:48 PM)CarlosCorbewrong Wrote: It's on WestBromNews so I think it's time to take it seriously.  Evidently the first piece of evidence that this yank knows nothing about football.  The sockless Villa twat is looking more favourable by the minute.

(02-12-2024, 09:10 AM)Fulham Fallout Wrote:

(02-12-2024, 08:18 AM)Pragmatist Wrote:

(02-12-2024, 07:30 AM)SW4Baggie Wrote: As has been said on here, it reads like the sockless Villa cunt has realised he’s lost his money in this deal and is desperately seeking to establish any method to get his cash back. It’s a safe assumption he and Farnell are leaking as they are looking to disrupt and delay the deal as best they can.

If Patel’s takeover goes through, regardless of any assurances Lai and Co. may have given, there’s no way he’s seeing his money again. Holdings will transfer their 88% shares and leave Hearn with whatever % he wants of a company with no assets. Lai and his friends have lost their shirts in this whole saga, and I’m sure the Chinese wall of silence will go up the second the money arrives in Guangdong.

With all the noise being created, you’d have thought the EFL would have at least had a word with those concerned stating the concerns around Farnell being involved in club ownership.

That’s not correct. 

Holdings would receive the net sale monies from the sale of its 88% stake, and Holdings would not be able to (legally) distribute those net sale monies to shareholders without first settling the secured debt to Warmfront. 

Hearn’s concern I suspect is whether he can rely on the directors of Holdings to act in accordance with company law.  He would have good reason to be concerned.  If the directors of Holdings went ahead and distributed to China without repaying him then he’ll have a heck of a job trying to recover it.

Hearn could probably slap an injunction on Holdings - which could I guess disrupt the sale.  He has every reason to be going to China to try to exert some pressure.

What if Holdings lent the proceeds from the share sale to a Chinese organisation?  We all know (inc Hearn’s) how much Lai loves his non-repayable loans.

(02-12-2024, 10:10 AM)waffle Wrote: Whilst the club/MSD will surely be pushing for Patel, isn't it up to Lai who he sells his 88% to?  I get the EFL approval stuff but I don't hold out much hope for that process saving us if the worst comes to the worst.  Say Patel comes along and says I'll give you £30M plus the loans being paid off but these chancers come along and say we'll give you £25M and we'll write off the £7M you owe on the Warmfront loan.  Or is that perhaps mitigated by MSD having to agree to the sale?