Jimburst Posted November 2, 2017 Share Posted November 2, 2017 I sometimes wonder if people live in the real world with us. If anyone has any experience of buying a car (especially on finance), a house etc then they will know that these processes can take weeks, and in the case of buying a house, months. A business is a lot more complicated than any of those and though a financing package may not be required, they still need to look at the finance of a business, contracts etc. Mike Ashley buying the company in his ‘Shut up and take my money’ manner was a one off, and not one reputable companies/potential owners are going to repeat. Those processes take weeks because we are in a cue and having our checks done. I'd be surprised if Stavely's backers are in a similar situation. So you reckon this should be done already? Don't be daft. Link to post Share on other sites More sharing options...
Dave Posted November 2, 2017 Share Posted November 2, 2017 After the Bournemouth game on 4th November there's another international break for two weeks. Wonder if we'll see some movement on this during that period. Link to post Share on other sites More sharing options...
Charlies Posted November 2, 2017 Share Posted November 2, 2017 The fat mans helicopter just landed in Newcastle, maybe he might be at the match on Saturday? Link to post Share on other sites More sharing options...
Hughesy Posted November 2, 2017 Share Posted November 2, 2017 I sometimes wonder if people live in the real world with us. If anyone has any experience of buying a car (especially on finance), a house etc then they will know that these processes can take weeks, and in the case of buying a house, months. A business is a lot more complicated than any of those and though a financing package may not be required, they still need to look at the finance of a business, contracts etc. Mike Ashley buying the company in his ‘Shut up and take my money’ manner was a one off, and not one reputable companies/potential owners are going to repeat. Those processes take weeks because we are in a cue and having our checks done. I'd be surprised if Stavely's backers are in a similar situation. So you reckon this should be done already? Don't be daft. In fairness, you can get acquisitions done pretty quickly if the parties are willing (big 'if' there with Ashley). DD for a business as relatively simple as NUFC shouldn't take much more than 2 weeks, maybe 3 weeks. Link to post Share on other sites More sharing options...
STM Posted November 2, 2017 Share Posted November 2, 2017 Also due diligence period is a good time for the buyer to find reasons why the seller is asking too much. Link to post Share on other sites More sharing options...
Dave Posted November 2, 2017 Share Posted November 2, 2017 I think we'd probably know by now if there were any genuine showstoppers in the books, or if the asking price was way beyond reasonable. So no news is good news IMO. Link to post Share on other sites More sharing options...
Sir Toon Posted November 2, 2017 Share Posted November 2, 2017 I sometimes wonder if people live in the real world with us. If anyone has any experience of buying a car (especially on finance), a house etc then they will know that these processes can take weeks, and in the case of buying a house, months. A business is a lot more complicated than any of those and though a financing package may not be required, they still need to look at the finance of a business, contracts etc. Mike Ashley buying the company in his ‘Shut up and take my money’ manner was a one off, and not one reputable companies/potential owners are going to repeat. Excuse my impatience and desire to get the fraud away from the club and city but regardless of the fact that It may take months to sort out, it takes a split second for Ashley to not turn up for a meeting to sign the completion paperwork as has been speculated in the past. Just hope this isn't yet another chapter in the Mike Ashley 1000 ways to con a football crowd just ahead of the transfer window book. Rather than things go quiet, it needs to be reiterated that Ashley has failed on the football front and he isn't welcome here any longer. Link to post Share on other sites More sharing options...
Darth Crooks Posted November 2, 2017 Share Posted November 2, 2017 I think we'd probably know by now if there were any genuine showstoppers in the books, or if the asking price was way beyond reasonable. So no news is good news IMO. NO NEWS?! Link to post Share on other sites More sharing options...
Jimburst Posted November 2, 2017 Share Posted November 2, 2017 I can't see how Ashley could possibly be strengthening his position by getting all our hopes up of a takeover and then smashing them against the rocks and not buying anyone in January It's like the worst possible thing he could do to the football club. There'd be absolute hell on. He'd devalue the club and hurt his chances of future sales. It just makes no sense. Link to post Share on other sites More sharing options...
Sir Toon Posted November 2, 2017 Share Posted November 2, 2017 I can't see how Ashley could possibly be strengthening his position by getting all our hopes up of a takeover and then smashing them against the rocks and not buying anyone in January It's like the worst possible thing he could do to the football club. There'd be absolute hell on. He'd devalue the club and hurt his chances of future sales. It just makes no sense. Neither does many of the things he's done here. Link to post Share on other sites More sharing options...
madras Posted November 2, 2017 Share Posted November 2, 2017 I sometimes wonder if people live in the real world with us. If anyone has any experience of buying a car (especially on finance), a house etc then they will know that these processes can take weeks, and in the case of buying a house, months. A business is a lot more complicated than any of those and though a financing package may not be required, they still need to look at the finance of a business, contracts etc. Mike Ashley buying the company in his ‘Shut up and take my money’ manner was a one off, and not one reputable companies/potential owners are going to repeat. Those processes take weeks because we are in a cue and having our checks done. I'd be surprised if Stavely's backers are in a similar situation. So you reckon this should be done already? Don't be daft. No and that's not what I was posting. Your "don't be daft " comment should be directed at the idea that you or me buying a car or house is in anyway indicative of the current possible takeover timescale doncha think ? Link to post Share on other sites More sharing options...
Wilson Posted November 2, 2017 Share Posted November 2, 2017 I can't see how Ashley could possibly be strengthening his position by getting all our hopes up of a takeover and then smashing them against the rocks and not buying anyone in January It's like the worst possible thing he could do to the football club. There'd be absolute hell on. He'd devalue the club and hurt his chances of future sales. It just makes no sense. Neither does many of the things he's done here. The things he has done in the past have made sense....to him, sportsdirect and his bank balance. This would make no sense to him or his bank balance. That's the difference. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted November 2, 2017 Share Posted November 2, 2017 I think we'd probably know by now if there were any genuine showstoppers in the books, or if the asking price was way beyond reasonable. So no news is good news IMO. Exactly. No news is probably very good news at the moment. Link to post Share on other sites More sharing options...
madras Posted November 2, 2017 Share Posted November 2, 2017 I think we'd probably know by now if there were any genuine showstoppers in the books, or if the asking price was way beyond reasonable. So no news is good news IMO. Exactly. No news is probably very good news at the moment. This. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted November 2, 2017 Share Posted November 2, 2017 It will happen don't worry, he wants out and has other things to spend his money on! Link to post Share on other sites More sharing options...
madras Posted November 2, 2017 Share Posted November 2, 2017 It will happen don't worry, he wants out and has other things to spend his money on! Doubt he needs the money for anything else, however he'll know it's highly unlikely he'd be in such a good position to sell again without having to invest. Link to post Share on other sites More sharing options...
Peppe Posted November 2, 2017 Share Posted November 2, 2017 I would like £300M. Link to post Share on other sites More sharing options...
Kanji Posted November 2, 2017 Share Posted November 2, 2017 He isn't exactly very liquid these days, right? this would be huge for him. Link to post Share on other sites More sharing options...
STM Posted November 2, 2017 Share Posted November 2, 2017 He would be getting his money back. Which would be massive for him, considering the sponsorship he has milked out of us. Link to post Share on other sites More sharing options...
xLiaaamx Posted November 2, 2017 Share Posted November 2, 2017 He's greedy though. If he's convinced himself he wants 400 million, he'll hold out for it. Link to post Share on other sites More sharing options...
Dokko Posted November 2, 2017 Share Posted November 2, 2017 Like most of the sale rumours, this one seems to have dried up. Just wondering how long we can hide behind the due diligence spiel? :lol: Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted November 2, 2017 Share Posted November 2, 2017 It will happen don't worry, he wants out and has other things to spend his money on! Doubt he needs the money for anything else, however he'll know it's highly unlikely he'd be in such a good position to sell again without having to invest. Can't disagree with your latter point like. I think a cool 300m + in his own pockets wouldn't go amiss mind, nice Xmas present! Link to post Share on other sites More sharing options...
Guest milburn990 Posted November 2, 2017 Share Posted November 2, 2017 Yeh, seems to be that the deal is off. Michael Martin from TF will be posting an update later on if you want a believable source. How much later? Link to post Share on other sites More sharing options...
Guest chopey Posted November 2, 2017 Share Posted November 2, 2017 Ashley is the owner of a Premier league club that doesn't cost him a penny to run and if it sells he will make millions in profit, it's the exact opposite of Ellis Short at Sunderland so whats his rush to sell ? Link to post Share on other sites More sharing options...
BONTEMPI Posted November 2, 2017 Share Posted November 2, 2017 It will happen don't worry, he wants out and has other things to spend his money on! That Gucci gastric band will cost a fair price. Link to post Share on other sites More sharing options...
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