Takeover

[Kit Kat Chunky]

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 

I’d double check all those accounts pal. Then after that give the Companies Act a squizz 

I rely on Accountants and Lawyers for that  

[baggiebloke]

Farnell and the Sockless Seal are red herrings (Seal food)

It's between Mr. Patel and his Ark rival, the Noah Group.

Do they have floods of cash?

I don't know but two cocks are on a different boat, a slow one to China...

[CarlosCorbewrong]

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.

Bait up your hook again Soph

<bangs hammer>

[Psalm23]

BBC midlands journalist Steve Hermon replying to a question re Hearn & Chris Farnell flying to China to try & complete a deal.

Steve Hermon
@SteveHermon
I guess they can try but it’s my understanding that they are not close to a deal and more importantly have never been close. #WBA.

All the speculation isn’t helpful but it’s clear that the club needs a takeover to be done sooner, rather than later.


https://twitter.com/SteveHermon/status/1...7637095489

[Hudds1]

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.

Whhooooooooooooooooooooooshhhhhhhhhhhhhhhhh

[CorbsIsMagic]

BBC midlands journalist Steve Hermon replying to a question re Hearn & Chris Farnell flying to China to try & complete a deal.

Steve Hermon
@SteveHermon
I guess they can try but it’s my understanding that they are not close to a deal and more importantly have never been close. #WBA.

All the speculation isn’t helpful but it’s clear that the club needs a takeover to be done sooner, rather than later.


https://twitter.com/SteveHermon/status/1...7637095489

Wait till Hearn finds out the equivalent pay back of his loan was an all inclusive trip to China with his mate Farnell 

[baggiebloke]

BBC midlands journalist Steve Hermon replying to a question re Hearn & Chris Farnell flying to China to try & complete a deal.

Steve Hermon
@SteveHermon
I guess they can try but it’s my understanding that they are not close to a deal and more importantly have never been close. #WBA.

All the speculation isn’t helpful but it’s clear that the club needs a takeover to be done sooner, rather than later.


https://twitter.com/SteveHermon/status/1...7637095489

Steve's been quiet of late. Like a hermit.

[1952]

From another site, not sure if it makes sense:
There’s a private jet due in Birmingham tonight from Melbourne Florida never know could it be mr Patel on board

[Kit Kat Chunky]

From another site, not sure if it makes sense:
There’s a private jet due in Birmingham tonight from Melbourne Florida never know could it be mr Patel on board

Or Donald Trump 

[ColliersWoodBaggie]

Probably to take Mr Dike home.