Takeover

[ColliersWoodBaggie]

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?

[Psalm23]

I don't take any notice of posts off westbrom.com, fuckers on there dow have any proper financial qualifications. 

[CaptainFantastico]

https://westbrom.com/forum/index.php?topic=27371.1100

I’ve asked the question and am assured that assessment is miles off

[Kit Kat Chunky]

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 

[MancBaggie]

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 

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

[Bromley Baggie 2]

This has just appeared on social media. Dunno how reliable it is. It's probably bollocks.

[Fulham Fallout]

This has just appeared on social media. Dunno how reliable it is. It's probably bollocks.

This dump is where the trending articles surface lud.  This dump is faster than Reuters!! 

<it’s already been posted>

[Woodman scoreboard]

The part of we have money says it all what they know

[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.

[Bob Fossil]

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.

Nothing special about this guy, would be a massive and unnecessary gamble.