Joe_F Posted June 5, 2019 Share Posted June 5, 2019 According to The Chron Pinsent Masons - the law firm quoted in the document - worked with the old board of #nufc on the sale of the club TO Mike Ashley. Link to post Share on other sites More sharing options...
Matt Posted June 5, 2019 Share Posted June 5, 2019 As a lawyer in this area: When the entity is a newco, would the lawyers still run the insolvency checks on the morning of completion? I'm guessing they need to have at least been incorporated the day before to allow a clean search. Link to post Share on other sites More sharing options...
County Durham Mag Posted June 5, 2019 Share Posted June 5, 2019 Fuck it I'm back in Link to post Share on other sites More sharing options...
Bizza Posted June 5, 2019 Share Posted June 5, 2019 Stop making me hope. Link to post Share on other sites More sharing options...
Guest Yerdas El Savon Posted June 5, 2019 Share Posted June 5, 2019 Link to post Share on other sites More sharing options...
George Bailey Posted June 5, 2019 Share Posted June 5, 2019 Time to believe...Break out the Cher..or not maybe. Link to post Share on other sites More sharing options...
ScottishMagpie Posted June 5, 2019 Share Posted June 5, 2019 As a lawyer in this area: - It's impossible for that company to be fake. It is possible for it to be fraudulently incorporated but you'd need a lot of personal information about the two directors, and would need to fraudulently impersonate Pinsent Masons, the law firm that has submitted the documents. The company is using PM's own, bespoke articles rather than the model articles, so any fraudster would need to have somehow obtained these as well. In short, it's real. - The two directors are not directors of any other UK company, so whatever they are involved with is something new to them and not run of the mill. - Companies established to acquire assets are often done so one or two days before completion of a deal. In other cases, they are established to ensure they have secured the name they want and then left on file for months while the deal is completed. - It is common for businesses to have more than one law firm acting for them in the M&A sphere, often on different deals. I know that MA has used different law firms in the past. It could well be that Pinsent Masons are acting as UK counsel for the buyer, not the seller. They would need UK lawyers themselves regardless. Thanks for the explanation! Link to post Share on other sites More sharing options...
Disco Posted June 5, 2019 Share Posted June 5, 2019 Ok, who’s at the Brandling in Gosforth reading this? Which one? Villa. A fine choice. Link to post Share on other sites More sharing options...
Thomson Mouse Posted June 5, 2019 Share Posted June 5, 2019 New weird member posts photo of erect member Link to post Share on other sites More sharing options...
Paully Posted June 5, 2019 Share Posted June 5, 2019 This is surely bastard happening! Link to post Share on other sites More sharing options...
Heake Posted June 5, 2019 Share Posted June 5, 2019 Well I was out...but I've considered the recent developments, & for that reason, I`m back in. (Till I`m out again that is) Link to post Share on other sites More sharing options...
jonny1403 Posted June 5, 2019 Share Posted June 5, 2019 As a lawyer in this area: When the entity is a newco, would the lawyers still run the insolvency checks on the morning of completion? I'm guessing they need to have at least been incorporated the day before to allow a clean search. You would run the searches on the day of completion - they take ten minutes. Link to post Share on other sites More sharing options...
gdm Posted June 5, 2019 Share Posted June 5, 2019 Announced Friday. Rafa sorted Monday is my guesswork Link to post Share on other sites More sharing options...
Stal Posted June 5, 2019 Share Posted June 5, 2019 So potentially, how soon do we reckon? Link to post Share on other sites More sharing options...
Heake Posted June 5, 2019 Share Posted June 5, 2019 So potentially, how soon do we reckon? If we take Caulkins cryptic tweet earlier & the timeline for registering & completing the last purchase, my guess is Tomorow / Friday Link to post Share on other sites More sharing options...
STM Posted June 5, 2019 Share Posted June 5, 2019 So potentially, how soon do we reckon? I know it Twitter bollocks etc but someone on another nufc forum (what?) Claimed that he'd seen texts from Midhat saying that it would be done (PL checks) this weekend, with confirmation next week. The person was reliable... apparently. Link to post Share on other sites More sharing options...
George Bailey Posted June 5, 2019 Share Posted June 5, 2019 Announced Friday. Rafa sorted Monday is my guesswork This could be really happening... Link to post Share on other sites More sharing options...
LV Posted June 5, 2019 Share Posted June 5, 2019 They better not bin Rafa after all this Link to post Share on other sites More sharing options...
Guest godzilla Posted June 5, 2019 Share Posted June 5, 2019 So potentially, how soon do we reckon? It was 2 days between Ashley setting up the company and Hall selling his shares I believe. Has to be soon I would think. Link to post Share on other sites More sharing options...
B-more Mag Posted June 5, 2019 Share Posted June 5, 2019 This doesn't really tell us anything about the timing. It's still unclear where the parties are in terms of the definitive deal documents -- stock purchase agreement, etc. Still a good sign, though. Link to post Share on other sites More sharing options...
gdm Posted June 5, 2019 Share Posted June 5, 2019 So potentially, how soon do we reckon? I know it Twitter bollocks etc but someone on another nufc forum (what?) Claimed that he'd seen texts from Midhat saying that it would be done (PL checks) this weekend, with confirmation next week. The person was reliable... apparently. I think I posted that tweet a few pages back if anyone wants to look Edit Probably nonsense and should go in the twitter nonsense thread but I’m bored Link to post Share on other sites More sharing options...
STM Posted June 5, 2019 Share Posted June 5, 2019 So potentially, how soon do we reckon? If we take Caulkins cryptic tweet earlier & the timeline for registering & completing the last purchase, my guess is Tomorow / Friday Missed this, what tweet? Link to post Share on other sites More sharing options...
jong24 Posted June 5, 2019 Share Posted June 5, 2019 Glad the thread didn’t get locked! ? Link to post Share on other sites More sharing options...
Guest godzilla Posted June 5, 2019 Share Posted June 5, 2019 This is surely b****** happening! Think so Paully mate go and get a monochrome new shirt to celebrate Link to post Share on other sites More sharing options...
gdm Posted June 5, 2019 Share Posted June 5, 2019 So potentially, how soon do we reckon? If we take Caulkins cryptic tweet earlier & the timeline for registering & completing the last purchase, my guess is Tomorow / Friday Missed this, what tweet? This one I think Link to post Share on other sites More sharing options...
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