Takeover

[Fulham Fallout]

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.