Kanj

Two guys LV[/member] and nufcjb[/member] are not in the press right? So this guy Ben who’s gone on our club’s podcast to talk about the potential of these owners he has ties to, and speaks about how great our fan base is and potential - but still he’s just a gobshite? Why? Why the insults? What does he have to gain by trying to be helpful to us giving us info? Ffs.

at this point we're talking about a middle eastern businessman versus a loose cannon in MA. Couldn't be two different human beings on opposite ends of the table

spot on. The seller's view would be that it's not the buyers place to state any of it ahead of the deal being done. That would ALWAYS normally be done in conjunction with (or at least the formal agreement of) the seller. You can say what you like when you've bought it but right now they're making statements about something that is not theirs. As someone who know's the process well, I can say with almost certainty, Ashley won't like their conduct. Agree Kanji[/member]? I don't disagree with your last line 1 bit. No secret here that this stuff getting leaked is poor conduct by the buying group, assuming they were the sources of the leak. But I'm not going to really hold it against them at this point. What's done is done. Inshallah.

Minhosa[/member] - do we think an "official bid" is in essence a signed purchase agreement in the sense of football transactions? and NOT a bi-party signed heads of terms / heads of agreement / letter of intent?

yes Ben said that on the podcast. Ben has talked to some folks near or around the BZG group and talked about what he thinks they'd do based on some of his conversations with those aforementioned people. it was actually quite a good insight. NUFC360 and i think Thomson Mouse hit the highs from that in this thread.

Gallowgate, fucking chill man.

Yep. Justo Listen to the everything is b&w podcast. Jacobs is saying he’s had private convos with BZG

Gallowgate, you know that when Firms sign commitments of that nature it takes quite a long time to get everything in order from a planning perspective to eventually shell out money. You don’t just sign up major infrastructure and development deals and just wire in a billion here and there. Usually you sign these up and pay via draw schedule by way of being in full control of the project budget once the many months / and or year(s) of planning are ready. And when you do eventually spend the money it’s in increments up until the final contractual amount. Often draws are done monthly or quarterly based on the liquidity of the Group performing the development on the ground.

April? Huh? It sounds like they signed the NDA in late 2018. Probably did some desktop due diligence up until we were declared safe by beating Leicester in mid April. They submitted their proof of funds which gained access to the data room, performed deep dive into the mystic “data room” and then probably within the last 1 or 2 weeks (my guess) they reached an agreement of terms on an official offer for the purchase of the club with MA and his attorneys. This document was then further signed by BZG and MA memorializing the terms of sale. That was then submitted to the PL probably sometime this week. The signed terms probably was the milestone that leaked to the Sun. Hence all of the media frenzy playing catch up. The owners and directors test or the “fit and proper” test likely hasn’t begun as the selling party has to submit that documentation to the PL and the buyer cooperates if anything is needed after the fact. I think there’s a 5-10 business day clock when all of that is submitted to get a final answer. MA and his team likely delayed sending anything early given his paranoia on this and it’s like the commercially reasonable thing to do - don’t submit change of control docs unless a deal is struck. /The above is my best guess based on what I’ve read about the process and understanding of how deals get done. The test could have already started a week or two ago if things are on delay reporting. So Friday could be significant, or not. Again clarity from MA would be nice.

Can’t wait to read more articles that no offer has come in yet. Still lacking the ability to grasp what a jointly signed term sheet / letter of intent / head of terms / head of agreement is in the world of business.

Tasty af

Like Slovenia versus Germany in a Euro tourney #oneyeartogo #wait what a time to be alive

PEA what the hell was that

Like Slovenia versus Germany in a Euro tourney

who lost the ball for Arsenal in that goal build up?

Wish we could sign Iwobi

Wenger's players right

the kid needs to quit football

If Rafa was coaching in this match, whoever he was coaching would be winning this 1-nil rn.

Pedro's finish was perfect.

two teams in london play football match in baku

the camera angle looks like fifa video game cam so fucking high up

If all that is left is fit & proper, then MA's lawyers need to collect everything they need from BZG to submit the paper work to the PL to begin the owner and director test. It's that simple. It's fully in their court, esp if 1) proof of funds checked out 2) mutually agreed heads of terms outlining the proposed transaction was submitted to the PL

@NUFC360 twitter account linked the below. https://www.lawinsport.com/topics/articles/item/a-guide-to-the-owners-and-directors-test-in-english-football

Also, if our wonderful journalists did some fucking research. You can agree to a deal and submit the paperwork to the PL prior to the owner & director test/ aka the fit and proper test. These can be submitted by the club. It's their notification to the PL that their club is having either director or owner change. A club usually won't submit this paperwork until they feel like the deal will close. So for all we know, this could be sitting in MAs court.