Takeover

[rsbaggy2]

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.

Can you please not be putting ideas in his head!

[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.

[waffle]

Whilst the club/MSD will surely be pushing for Patel, isn't it up to Lai who he sells his 88% to?  I get the EFL approval stuff but I don't hold out much hope for that process saving us if the worst comes to the worst.  Say Patel comes along and says I'll give you £30M plus the loans being paid off but these chancers come along and say we'll give you £25M and we'll write off the £7M you owe on the Warmfront loan.  Or is that perhaps mitigated by MSD having to agree to the sale?

[CaptainFantastico]

Whilst the club/MSD will surely be pushing for Patel, isn't it up to Lai who he sells his 88% to?  I get the EFL approval stuff but I don't hold out much hope for that process saving us if the worst comes to the worst.  Say Patel comes along as says I'll give you £30M plus the loans being paid off but these chancers come along and say we'll give you £25M and we'll write off the £7M you owe on the Warmfront loan.  Or is that perhaps mitigated by MSD having to agree to the sale?

I think or hope that the Hearn thing is pretty much a separate sideshow.

There seemed to be some genuine concern a while back that Patel may have either pulled out or be about to do so but that’s seems to have been unequivocally quashed and he would seem very much the likely new owner. It’s no wonder it’s taken a fair while to sort all things considered.

As China says, there seems to be confidence we aren’t far away at all, but in reality as long as it’s done by April/May (I’m sure it will be a lot sooner) I think the function of the club in terms of the pitch will be largely unaffected

[Mullers]

If anyone wants a laugh on a Monday morning, have a read of what Sport Witness are reporting:

https://sportwitness.co.uk/west-brom-off...hawthorns/

I especially like the line “The Hawthorns club ‘are rich, can afford salaries that very few teams in Italy can provide’”

[SW4Baggie]

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.

That's what I was getting at Prag - ultimately. had it been a UK, European or maybe US business he could be quite confident what he's due will arrive... Lai and his cronies have really not shown anything that would give me confidence that I'd ever see the money again had it been my loan.

[wba13]

If anyone wants a laugh on a Monday morning, have a read of what Sport Witness are reporting:

https://sportwitness.co.uk/west-brom-off...hawthorns/

I especially like the line “The Hawthorns club ‘are rich, can afford salaries that very few teams in Italy can provide’”

I would love to know how some of these so called reporters are allowed to print this Bullshit, they are like most of us and no absolutely nothing. 

[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.

That's what I was getting at Prag - ultimately. had it been a UK, European or maybe US business he could be quite confident what he's due will arrive... Lai and his cronies have really not shown anything that would give me confidence that I'd ever see the money again had it been my loan.

I bet Hearn was initially happy for the default interest rate to kick in. But as I’ve said before, you can charge what interest you like, collecting it is what matters. 

I wonder at what point Hearn realised his loan to Lai may not have been a wise decision?

[CorbsIsMagic]

If anyone wants a laugh on a Monday morning, have a read of what Sport Witness are reporting:

https://sportwitness.co.uk/west-brom-off...hawthorns/

I especially like the line “The Hawthorns club ‘are rich, can afford salaries that very few teams in Italy can provide’”

Sounds like that managers agent is doing him a very good job to get him a new contract at Torino  

[Hudds1]

If anyone wants a laugh on a Monday morning, have a read of what Sport Witness are reporting:

https://sportwitness.co.uk/west-brom-off...hawthorns/

I especially like the line “The Hawthorns club ‘are rich, can afford salaries that very few teams in Italy can provide’”

I would love to know how some of these so called reporters are allowed to print this Bullshit, they are like most of us and no absolutely nothing. 

Journos (and those in thrall to the proprietors) can generally make up what they like and always have.  Heard of the Zinoviev letter?