Takeover

[Psalm23]

Who the fuck is Ben Spencer?

Either a Bath Rugby Player or the Conservative Candidate for Runnymede & Weybridge.

That's all I could come up with, obviously got his finger on the pulse then.

It is this guy:

https://twitter.com/SpencerBen21844/stat...BxCOQ&s=19

See Lepko's response. Worrying.

https://twitter.com/chrislepkowski/statu...g5bEA&s=19

This bloke only joined twitter jan 2024 I'm guessing the cunts a wum.

[Bob Fossil]

Who the fuck is Ben Spencer?

Either a Bath Rugby Player or the Conservative Candidate for Runnymede & Weybridge.

That's all I could come up with, obviously got his finger on the pulse then.

It is this guy:

https://twitter.com/SpencerBen21844/stat...BxCOQ&s=19

See Lepko's response. Worrying.

https://twitter.com/chrislepkowski/statu...g5bEA&s=19

CL's link doesn't exist, has he removed it?

[Pragmatist]

Levels of debt? MSD have all of the security in a "water-tight" package, so they will be the main Creditor. There will be some "football debts" which are mainly fees owed on transfers (such as the monies we still owe on Grant and Grady) but these are disclosed in the accounts. Even the "Warmfront" loan is disclosed (yes I know this is Holdings).

So unless there is a mountain of unsecured debt owed to a third party Creditor - possibly somewhere in China, then it is difficult to know what this would be. MSD would have seen bank statements etc prior to sanctioning their loan(s) so they would be aware of any regular debt repayments from this (unless it was unsecured debt with a bullet repayment accruing interest, which is very hard to believe).

I hope this is a negotiating point, otherwise the future looks even bleaker than we imagined, if Lai is flogging off chunks of the share capital to keep the lights on - because Administration would be the only other option.

My interpretation - purely a hunch - is that this is more likely to be linked to the price being demanded by Lai.  In other words, if the vendor is demanding too high a price for the shares, with leaving the debt in place, then the purchaser isn’t willing to pay that much and still be left with the debt.  The purchaser will have assessed what it considers the value to be, both with the debt and without the debt. For example, wiling to pay £60m with no debt, or £25m with the debt.

[MGalea]

CL is replying to someone commenting on the dodgy tweet.

It does sound a bit odd that Patel all of a sudden has shat his pants about the debt. More likely that Lai is moving the cash consideration upwards squeezing what Patel would want to spend on paying the debt - but then obviously any new owner would be crazy not to clear the debt.

[Brandywell]

Who the fuck is Ben Spencer?

Either a Bath Rugby Player or the Conservative Candidate for Runnymede & Weybridge.

That's all I could come up with, obviously got his finger on the pulse then.

It is this guy:

https://twitter.com/SpencerBen21844/stat...BxCOQ&s=19

See Lepko's response. Worrying.

https://twitter.com/chrislepkowski/statu...g5bEA&s=19

CL's link doesn't exist, has he removed it?

Realised he's been made to look an idiot by a WUM

Not done his due diligence

[Mouse]

Who the fuck is Ben Spencer?

Either a Bath Rugby Player or the Conservative Candidate for Runnymede & Weybridge.

That's all I could come up with, obviously got his finger on the pulse then.

It is this guy:

https://twitter.com/SpencerBen21844/stat...BxCOQ&s=19

See Lepko's response. Worrying.

https://twitter.com/chrislepkowski/statu...g5bEA&s=19

CL's link doesn't exist, has he removed it?

Yeah looks like it:

CL "Deleted that previous tweet as it is being interpreted that something has fallen thru. It is merely part or the ongoing process. Reservations about our debt are inevitably going to be a hindrance"

and

"It's still going thru a process. I'm not worried about the prospect of us being sold - we *need* to be sold."

[Psalm23]

This from DOOD, worry not boys & girls.   

@DoodWBA
·
10m
·
Chambers talks progressing.
We want him done ASAP.
Celtic lad will be announced soon.
Takeover has not collapsed.
The takeover is just taking time. It's a huge matter to sort out.
Patel still keen with farnel there as a back up option.

[wba13]

All rest easy now DOOD has spoken.

[Pragmatist]

All rest easy now DOOD has spoken.

Even knowing that Farnell is in the background is enough to worry!

[Spandaubaggie]

Ok, think I’ve avoided adding to the 150 plus pages thus far and really have no ITK info but just think some need to keep their heads.
We’re having what Blues have had for years. Idle speculation isn’t helpful and simply we have to keep our nerve and concentrate on on field matters.
We’re not having a fire sale at the moment and Lai is selling. It doesn’t mean it’s to this Farnell chancer.
We are better off not getting too wound up for the sake of our sanity.
My view is simply we will find a buyer and probably a decent one. I just hope it’s sooner, but it is what it is.