Matt 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. People generally don't incorporate in these circumstances until they need to. I've worked in plenty of processes where the binding bid document simply refers in general terms to 'a UK limited company, to be incorporated in due course' because it saves the hassle of setting one up and then closing it all back down again if the other conditions of the sale are not fulfilled. Link to post Share on other sites More sharing options...
Guest godzilla Posted June 5, 2019 Share Posted June 5, 2019 Ashley has been doing some 'tidying up' of his own the last 24 hours and surely with this new company being set it would indicate he is preparing the club for imminent sale. Link to post Share on other sites More sharing options...
Stifler Posted June 5, 2019 Share Posted June 5, 2019 Ashley has been doing some 'tidying up' of his own the last 24 hours and surely with this new company being set it would indicate he is preparing the club for imminent sale. Aye, made a bid to take complete control of Game. Link to post Share on other sites More sharing options...
STM 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. People generally don't incorporate in these circumstances until they need to. I've worked in plenty of processes where the binding bid document simply refers in general terms to 'a UK limited company, to be incorporated in due course' because it saves the hassle of setting one up and then closing it all back down again if the other conditions of the sale are not fulfilled. So, in short, unless you actually thought you were about to need it, you wouldnt set one up? Link to post Share on other sites More sharing options...
gdm Posted June 5, 2019 Share Posted June 5, 2019 I believe it’s a case of when and not if now Link to post Share on other sites More sharing options...
Mr Logic Posted June 5, 2019 Share Posted June 5, 2019 Link to post Share on other sites More sharing options...
Guest reefatoon Posted June 5, 2019 Share Posted June 5, 2019 So long trousers Link to post Share on other sites More sharing options...
Guest godzilla Posted June 5, 2019 Share Posted June 5, 2019 Ashley has been doing some 'tidying up' of his own the last 24 hours and surely with this new company being set it would indicate he is preparing the club for imminent sale. Aye, made a bid to take complete control of Game. Well he will have 350 million to play with any day soon Link to post Share on other sites More sharing options...
Heake 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. People generally don't incorporate in these circumstances until they need to. I've worked in plenty of processes where the binding bid document simply refers in general terms to 'a UK limited company, to be incorporated in due course' because it saves the hassle of setting one up and then closing it all back down again if the other conditions of the sale are not fulfilled. Given the time lapsed from the (Alleged) agreed / signed bid between the two parties (Middle of April), if one were to register a title to stay dormant till any acquisition was complete, then why didn't they just do that months ago? The timing of this (in relation to last weeks Statement) is surely significant & indicates a deal is imminent? Link to post Share on other sites More sharing options...
Carlito Posted June 5, 2019 Share Posted June 5, 2019 Link to post Share on other sites More sharing options...
RodneyCisse Posted June 5, 2019 Share Posted June 5, 2019 Could it really happen? Link to post Share on other sites More sharing options...
jong24 Posted June 5, 2019 Share Posted June 5, 2019 How wrong have the local reporters been on this? They’ve been pouring cold water on things since the first mention of it. Well done lads! Bloody hopeless the lot of you. Link to post Share on other sites More sharing options...
ToonArmy1892 Posted June 5, 2019 Share Posted June 5, 2019 Link to post Share on other sites More sharing options...
STM Posted June 5, 2019 Share Posted June 5, 2019 If this is true (I'm kind of joking), its confirmation that Ashley is on his way. He wouldnt spend money on some seats. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted June 5, 2019 Share Posted June 5, 2019 Good fuck I've been ill all day and checked beck in. Momma. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted June 5, 2019 Share Posted June 5, 2019 Perfect Link to post Share on other sites More sharing options...
Heake Posted June 5, 2019 Share Posted June 5, 2019 Putting up a big fucking tent!! Link to post Share on other sites More sharing options...
ToonArmy1892 Posted June 5, 2019 Share Posted June 5, 2019 Why can't i post gifs? Link to post Share on other sites More sharing options...
STM Posted June 5, 2019 Share Posted June 5, 2019 Just as we were about to lock this place up. Can we have a thread title update? Link to post Share on other sites More sharing options...
NUFC_Chris Posted June 5, 2019 Share Posted June 5, 2019 The dots all connecting now. Just hope something happens soon, I'm fucked with it all. Link to post Share on other sites More sharing options...
Darth Crooks Posted June 5, 2019 Share Posted June 5, 2019 Link to post Share on other sites More sharing options...
Guest godzilla Posted June 5, 2019 Share Posted June 5, 2019 Good f*** I've been ill all day and checked beck in. Momma. Perfect pick me up Link to post Share on other sites More sharing options...
jonny1403 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. People generally don't incorporate in these circumstances until they need to. I've worked in plenty of processes where the binding bid document simply refers in general terms to 'a UK limited company, to be incorporated in due course' because it saves the hassle of setting one up and then closing it all back down again if the other conditions of the sale are not fulfilled. I'd disagree with that slightly. I agree that in a normal bid scenario you would establish the company and acquire within a few days. However I've seen clients establish just to reserve the name and then never use the company again. It's really not that much hassle - it costs £40 to incorporate a company (£120 same day) and not much more to terminate. For large corporates that's less than 15 minutes of legal fees. Link to post Share on other sites More sharing options...
ToonArmy1892 Posted June 5, 2019 Share Posted June 5, 2019 If this is true (I'm kind of joking), its confirmation that Ashley is on his way. He wouldnt spend money on some seats. Link to post Share on other sites More sharing options...
Guest godzilla Posted June 5, 2019 Share Posted June 5, 2019 fucking hell man ;D Link to post Share on other sites More sharing options...
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