01-12-2024, 12:03 PM
Could it be a case of “you’ve had the cowboy, now try the Indian”?
I’ll fetch my coat….
I’ll fetch my coat….
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Takeover
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01-12-2024, 12:03 PM
Could it be a case of “you’ve had the cowboy, now try the Indian”?
I’ll fetch my coat….
01-12-2024, 12:06 PM
01-12-2024, 12:08 PM
01-12-2024, 12:09 PM
01-12-2024, 12:14 PM
Feels like Patel is the safest pair of hands. Experienced businessman, has had some success in sports albeit in the US, and has been looking to purchase a club for some time. Imagine the Egyptian bidder being mooted is Lai’s preferred bidder due to having desperation to buy and is willing to forego any due diligence, whereas the Yanks will do things by the book.
Lai will certainly change his mind when he realises Farnell and ElKash have absolutely no money and are all mouth.
01-12-2024, 12:19 PM
(01-12-2024, 12:14 PM)SW4Baggie Wrote: Feels like Patel is the safest pair of hands. Experienced businessman, has had some success in sports albeit in the US, and has been looking to purchase a club for some time. Imagine the Egyptian bidder being mooted is Lai’s preferred bidder due to having desperation to buy and is willing to forego any due diligence, whereas the Yanks will do things by the book. I though NoCashashay was already ruled out for not actually having much money? And only wanting a minority stake?
01-12-2024, 12:40 PM
I hope this is right and the takeover is close. This is from another forum.
The article is by Matt Slater who is their lead journalist on all things football finance and as such is a credible source and having named names I suspect those names are in the frame or were at some point in the process. I would point out that we have entered into a period of exclusivity and every other source including Percy are saying it is the American bidders. On that basis I think we can discount the Farnell Group and NOAH football. That leaves Shilen Patel and that bid is reported to be favoured by MSD. MSD have always had a pivotal role in this. If they have an opinion on anything to do with the club what they say goes because if for whatever reason they chose to demand the loan repaid then the club is in administration which is game over for Lai or any other prospective owner, unless they have £28m plus the interest to tell MSD to go to hell. I don't think the other suitors have that kind of money. I suspect therefore that Shilen Patel is the party in the final stages of the takeover.
01-12-2024, 01:00 PM
(01-12-2024, 12:48 PM)wba13 Wrote: I hope this is right and the takeover is close. I would be very surprised if MSD had the right to demand the loans are repaid, unless in the event of default. (01-12-2024, 12:48 PM)wba13 Wrote: I hope this is right and the takeover is close. Perhaps you should make it clear that everything above, apart from the first sentence, has been copied and pasted from someone else's post on another forum. |
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