B-more Mag

No just our potential new owner is in business with a convicted mouderer

This is the form of declaration the club and SKBZAN would have to sign and the the club would have to submit to the PL to get the old fit and proper business rolling. I appear to be falling down a rabbit hole in the absence of actual information. Help iz

None of what they've said would be subject to an NDA. An NDA will be used to stop them disclosing sensitive commercial and financial information they would be given access to during the process, before any transaction is completed or in the event that the takeover fails. It really depends on what the NDA says. It's pretty common in M&A deals for the NDA to say the confidential information that can't be disclosed includes the substance and even the very fact of contact and discussion between the parties. There are a number reasons for that, including not scaring off your employees and not telegraphing business strategies to competitors. Having said that, though, those reasons aren't really that applicable here--everyone already knows the club is for sale and important employees are contractually tied down--so maybe MA doesn't care about the other side blabbing.

struggle to see what the club has done wrong (in this case) they won't say anything until everythings done ashley and co aren't forcing this lot to mouth off to the press and its the very public nature of this is making me wary of this being true. Ordinarily a seller would require the buyer to sign an NDA that prohibits the buyer from going off and saying anything publicly until it's a done deal--and at that point there would be coordinated statements. On the other end of the spectrum, if a fake buyer was making a story up out of whole cloth, a well run organization would clearly and unequivocally set the record straight. But leaving the story out there twisting in the wind is just chaotic--which seems to be part of MA's MO.

Confirms how I read the rules: Any term sheet or binding agreement would have a contingency in it for passing the test. The seller really wouldn't usually have much of anything to say publicly unless and until it's clear that the buyer can actually own the club and the contingency is satisfied. Of course most clubs would also lock the buyer down with a NDA that makes even the fact that discussions are happening confidential information that can't be disclosed without the seller's agreement, but Ashley's gonna Ashley.

One thing I can say with certainty is that this kind of shit show wouldn't be going on around a club that's run anywhere remotely close to competently.

Neither here nor there really, but I figured I'd look up the procedures that trigger the owners' and directors' test. Under Rule F.4 of the Rules of the Premier League, Sheikh KbZ would have to give the PL an "Owners’ and Directors’ Declaration" in the form of PL Form 5 at least 10 working days before he becomes a Director (a defined term that includes a controlling owner). Upon submission of that declaration, the PL has 5 working days to tell the club whether the proposed Director is liable or not to be disqualified under the owners' and directors' test. Boring Milner, etc.

I wonder if the transfer chopper can also double as a takeover chopper?

I believe the proper terminology is "it happen".

Somehow I feel like some sort of fax machine error is at the heart of all of this.

Up your LinkedIn game, Midhat, man.

What does a French cow say?

it happen

The schadenfreude is real.

Fuck Mike Ashley.

BEAUTY!

It'd been (another) bad season on the whole. Not for the money spent is isn't, Rafa has done another great job. f*** off Mike Rafa's achievement given his resources is a different question. We are 15th in the league and got knocked out of both cups early on again. It's been a s**** season. *Ashley wanking furiously*

I'm pretty much ready for this season to be over.

Tompkins is punchable.

We're not great to watch, tbh. Falling asleep. It's 10:30.

That match seemed really short.

Fuck your bubbles.

Christ.

The state of Lanzini's beard, man.

This forum, man. Never Parthenon the opportunity to force bad puns.