Takeover
(01-15-2024, 02:33 PM)Remi_Moses Wrote: A new owner could still advance funds before the sale is confirmed.
777 have already pumped £140m+ into Everton.
A small deposit into the club's current account would be a great sign.

That’s horribly complex.  Would it be debt or equity?  If it’s debt then it’s adding to liabilities and that’s very dangerous if the deal doesn’t go through.  It can’t obviously be equity as that would potentially  require EFL approval and in any event would complicate a sale. 

As another poster had said, Everton got in trouble for that.
Reply
(01-15-2024, 02:56 PM)Pragmatist Wrote:
(01-15-2024, 02:33 PM)Remi_Moses Wrote: A new owner could still advance funds before the sale is confirmed.
777 have already pumped £140m+ into Everton.
A small deposit into the club's current account would be a great sign.

That’s horribly complex.  Would it be debt or equity?  If it’s debt then it’s adding to liabilities and that’s very dangerous if the deal doesn’t go through.  It can’t obviously be equity as that would potentially  require EFL approval and in any event would complicate a sale. 

As another poster had said, Everton got in trouble for that.

A friend of mine was ITK on the Blues thing. The biggest problem with the sale was the Chinese keep moving the goalposts day to day. Hopefully a Memorandum of Understanding has been entered into before exclusivity was granted, so all parties know where they stand.
Reply
(01-15-2024, 03:24 PM)Kit Kat Chunky Wrote:
(01-15-2024, 02:56 PM)Pragmatist Wrote:
(01-15-2024, 02:33 PM)Remi_Moses Wrote: A new owner could still advance funds before the sale is confirmed.
777 have already pumped £140m+ into Everton.
A small deposit into the club's current account would be a great sign.

That’s horribly complex.  Would it be debt or equity?  If it’s debt then it’s adding to liabilities and that’s very dangerous if the deal doesn’t go through.  It can’t obviously be equity as that would potentially  require EFL approval and in any event would complicate a sale. 

As another poster had said, Everton got in trouble for that.

A friend of mine was ITK on the Blues thing. The biggest problem with the sale was the Chinese keep moving the goalposts day to day. Hopefully a Memorandum of Understanding has been entered into before exclusivity was granted, so all parties know where they stand.

I suspect this has been a bastard of a process for similar reasons.
Someone could have been killed
Reply
(01-15-2024, 02:38 PM)baggiebloke Wrote: I'm happy to chip in with some dosh for light bulbs.

Have you seen the price of lightbulbs lately. Scandalous.
Reply
(01-15-2024, 03:30 PM)Remi_Moses Wrote:
(01-15-2024, 02:38 PM)baggiebloke Wrote: I'm happy to chip in with some dosh for light bulbs.

Have you seen the price of lightbulbs lately. Scandalous.

Switch to LED to save money  Big Grin Big Grin
Reply
Update from Lewis Cox,

Lewis Cox has reported there has been good progress made towards the West Brom takeover, with the EFL keeping track of the situation ahead of potential checks.
The Express and Star journalist shared that there is no time scale yet, with the takeover having to pass EFL tests before it can be rubber-stamped, but strong progress is being made.

This comes following the news that Shilen Patel is set to be granted exclusivity to agree on a £60million takeover of the club in the coming weeks.
Reply
Has anyone ever tried to do a deal for bespoke goods on Alibaba?

Yeah. That. Slippery AF.
Would rather talk to ChatGPT
Reply
Hello everyone. I’m new on here so go gentle..
Reply
(01-15-2024, 07:58 PM)Psalm23 Wrote: Update from Lewis Cox,

Lewis Cox has reported there has been good progress made towards the West Brom takeover, with the EFL keeping track of the situation ahead of potential checks.
The Express and Star journalist shared that there is no time scale yet, with the takeover having to pass EFL tests before it can be rubber-stamped, but strong progress is being made.

This comes following the news that Shilen Patel is set to be granted exclusivity to agree on a £60million takeover of the club in the coming weeks.
The EFL do ownership tests?,
Blimey, there's a turn up..
Reply
Welcome again.
Have a nice day Big Grin
Reply


Forum Jump:


Users browsing this thread: 3 Guest(s)