Takeover

[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.

[Tom Joad]

Maybe the NDAs are doing their job and the press are scratting around for crumbs?
The Farnell/Hearn news items could only have come from either them or Lai and so have been leaked for what reason?
That Farnell one doesn't look like the sort to turn down an ego trip to China, especially if he has roped others in to pay for it.
Is my opinion. Not ITK, no financial qualifications but I do have a clean driving license and a bronze swimming badge from Coseley.

Do you have one art o-level?  If so, did it do anything for you?

No O levels or anything else, sadly. I was out of school before the bell stopped ringing. That's the thing with school, The hours were good but the pay was rubbish.

[Psalm23]

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  

I rekon they might be getting us mixed up with West Ham, especially after yesterdays performance.     

[Malcolm Tucker]

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?

[Bristol Baggie]

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

[BurleyBaggie]

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

There is so much factually wrong with that. 

Ultimately the main one is that MSD do not have a veto.

[Woodman scoreboard]

Bottom line those 2 tyre kickers haven't got the funds

[CaptainFantastico]

This is also a case where it’s worth being thankful that the EFL have a lot more pressure and eyes on them than has been the case previously. My guess - and it is that- is that Lai is having to be told what he doesn’t want to hear - that his sale options are Patel, Patel or Patel

[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’”

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

I rekon they might be getting us mixed up with West Ham, especially after yesterdays performance.     

I like the way we’re offering a mega deal when we haven’t even got new owners yet. Sport witness must know something that the Albion board don’t. 

[baggiebloke]

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

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