Stifler Posted April 14, 2020 Share Posted April 14, 2020 Apparently when she did the Man City deal, she bought the club and immediately sold it on. Hence why PIF have not had any activity today. Link to post Share on other sites More sharing options...
Kanj Posted April 14, 2020 Share Posted April 14, 2020 Biggest thing is PIF finally being listed as the company behind NCUK on companies house. Link to post Share on other sites More sharing options...
Robster Posted April 14, 2020 Share Posted April 14, 2020 So Is it fair to say this isn’t going to be a “Man City”, type take over? Ie unlimited funds world class signings billions pumped in to the club and surrounding area? Doubtful. If it got Rafa back and we grew organically I’d be more than happy. Fucking perfect, that. Link to post Share on other sites More sharing options...
RS Posted April 14, 2020 Share Posted April 14, 2020 Pochetino incoming. Link to post Share on other sites More sharing options...
gdm Posted April 14, 2020 Share Posted April 14, 2020 Is there any mention of the Saudis/PIF on any of the documents? Link to post Share on other sites More sharing options...
Guest neesy111 Posted April 14, 2020 Share Posted April 14, 2020 So Is it fair to say this isn’t going to be a “Man City”, type take over? Ie unlimited funds world class signings billions pumped in to the club and surrounding area? Doubtful. If it got Rafa back and we grew organically I’d be more than happy. Fucking perfect, that. Yeap, I don't think it's a man city type deal. They'll just see a club who's potential is good to expand on their investment. Link to post Share on other sites More sharing options...
Scoot Posted April 14, 2020 Share Posted April 14, 2020 That Simon Chadwick is definitely briefing on Twitter that the Saudi involvement will be limited. So he's changed his mind from no involvement then :D Nobody knows anything about what involvement they will have, but I'm sure it will at some point. From what I've read, the PIF will come in as an investor after Staveley has purchased the club. Hopefully this is what happens. Apparently this is common in these sort of business deals. It's all a bit head battering at the minute. There's a lot of information out there today. I just want that fat leech gone. Link to post Share on other sites More sharing options...
St1pe Posted April 14, 2020 Share Posted April 14, 2020 So Is it fair to say this isn’t going to be a “Man City”, type take over? Ie unlimited funds world class signings billions pumped in to the club and surrounding area? Doubtful. If it got Rafa back and we grew organically I’d be more than happy. f***ing perfect, that. This! I just hope if it happens we’re a club with an intention to grow, progress and compete. There isn’t a manager I’d choose over Rafa. Link to post Share on other sites More sharing options...
Dokko Posted April 14, 2020 Share Posted April 14, 2020 Pochetino incoming. Hope so, stuck a fiver on a few months ago at 80/1 when a bit tiddly Link to post Share on other sites More sharing options...
TRon Posted April 14, 2020 Share Posted April 14, 2020 So Is it fair to say this isn’t going to be a “Man City”, type take over? Ie unlimited funds world class signings billions pumped in to the club and surrounding area? Doubtful. If it got Rafa back and we grew organically I’d be more than happy. f***ing perfect, that. This! I just hope if it happens we’re a club with an intention to grow, progress and compete. There isn’t a manager I’d choose over Rafa. Stylistically I'd choose Poch tbh, but I'm not sure he'd have the feel for the club that Rafa brings. Tough one. Link to post Share on other sites More sharing options...
TRon Posted April 14, 2020 Share Posted April 14, 2020 I hate the idea that Bruce will look like some sort of martyr by the happy clappers if the new owners get rid of him from day one. Think I could get over it tbh. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted April 14, 2020 Share Posted April 14, 2020 Money being ‘loaned’ in this way is quite common, its just an extra way of making sure certain things are covered financially for the deal to go through as it involves others and other money, he’ll get it back almost instantly on 100% completion. Is it like some sort of guarantee that he's not going to back track at the 11th hour? It’s probably no moe interesting or meaningful than a placeholder type thing for money which shows intent at both ends. I sold a company once and had to put a percentage into a nominal bank account as my bit which I got back straight away, it was nowt to do with guarantees incase I pulled out but just to legally show my intent too. Knowing Ashley though (or not knowing him), it could mean anything? I doubt it’s to retain any stake in the club, he can do that easily without putting up some of his own money in etc. This all looks good to me and will happen soon. Hopefully by the time the season starts again or footy starts back up, he’ll be long gone. I’m getting Covid 19 on the back of my Toon shirt if it does, only way thus happens. He’s desperate now the cunt! Back to the money bit, I wouldn’t be surprised if this is an extra way of getting extra money out of the deal that never really existed anyway... it happens regularly. A nice accounting sweetener... Link to post Share on other sites More sharing options...
Magpie Posted April 14, 2020 Share Posted April 14, 2020 Given he knows the club so well I'd take Rafa back in a heartbeat to steady the ship (again!). And then take it from there. Link to post Share on other sites More sharing options...
Scoot Posted April 14, 2020 Share Posted April 14, 2020 Biggest thing is PIF finally being listed as the company behind NCUK on companies house. Yep it's all here https://beta.companieshouse.gov.uk/company/12415316/filing-history Public investment fund are mentioned on page 4 or 5 of the pdf document if you download it and flick through. Link to post Share on other sites More sharing options...
TooonDoom Posted April 14, 2020 Share Posted April 14, 2020 I swore I would not get drawn in until it was done. Today makes that a lot harder! ?? ?? ?? ?? ?? ?? ?? ?? ?? ?? ?? ?? Link to post Share on other sites More sharing options...
Matt Posted April 14, 2020 Share Posted April 14, 2020 Money being ‘loaned’ in this way is quite common, its just an extra way of making sure certain things are covered financially for the deal to go through as it involves others and other money, he’ll get it back almost instantly on 100% completion. Is it like some sort of guarantee that he's not going to back track at the 11th hour? It’s probably no moe interesting or meaningful than a placeholder type thing for money which shows intent at both ends. I sold a company once and had to put a percentage into a nominal bank account as my bit which I got back straight away, it was nowt to do with guarantees incase I pulled out but just to legally show my intent too. Knowing Ashley though (or not knowing him), it could mean anything? You wouldn't pledge the cash to the vendor in this situation though. And the charge clearly talks about a vendor loan agreement from SJHL. So I think there's a bit more to it than putting cash in a blocked account. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted April 14, 2020 Share Posted April 14, 2020 Money being ‘loaned’ in this way is quite common, its just an extra way of making sure certain things are covered financially for the deal to go through as it involves others and other money, he’ll get it back almost instantly on 100% completion. Is it like some sort of guarantee that he's not going to back track at the 11th hour? It’s probably no moe interesting or meaningful than a placeholder type thing for money which shows intent at both ends. I sold a company once and had to put a percentage into a nominal bank account as my bit which I got back straight away, it was nowt to do with guarantees incase I pulled out but just to legally show my intent too. Knowing Ashley though (or not knowing him), it could mean anything? You wouldn't pledge the cash to the vendor in this situation though. And the charge clearly talks about a vendor loan agreement from SJHL. So I think there's a bit more to it than putting cash in a blocked account. So what’s it for then? I’m no accountant obviously and clearly haven’t read every detail, but previous owner putting a ‘loan’ in or money in isn’t unique and can mean nothing. Link to post Share on other sites More sharing options...
LV Posted April 14, 2020 Share Posted April 14, 2020 Bull. Shit. Get on the phone to Gal Gadot Mike. Miracles do happen! Link to post Share on other sites More sharing options...
Shadow Puppets Posted April 14, 2020 Share Posted April 14, 2020 If this is all pointing towards a deal being close/done, then we're going to be a very strong position, albeit sadly, as the rest of the teams in the UK will likely be needing to tighten the purse strings a bit during / after the pandemic. Link to post Share on other sites More sharing options...
Mike Posted April 14, 2020 Share Posted April 14, 2020 Bull. Shit. Get on the phone to Gal Gadot Mike. Miracles do happen! Link to post Share on other sites More sharing options...
mrmojorisin75 Posted April 14, 2020 Share Posted April 14, 2020 Link to post Share on other sites More sharing options...
TRon Posted April 14, 2020 Share Posted April 14, 2020 I'll believe it when Dave[/member] is back on the forum. Not a second before. Wel Minhosa's back, one by one they will all come, blinded by the light. Link to post Share on other sites More sharing options...
Unlucky Luque Posted April 14, 2020 Share Posted April 14, 2020 Not sure I'd be comfortable with Voldemort being involved tbh. Link to post Share on other sites More sharing options...
Chicken Dancer Posted April 14, 2020 Share Posted April 14, 2020 Hopefully this is all positive, but I won’t hold my breath until it’s done! Hard to be excited but it definitely feels like we haven’t been here before. Wonder if I, like many others would be able to get our tickets back. Had mine 18 years, 153 points. I remember the Trust saying to upload evidence of points etc last summer when there were mass cancellations. Hopefully good PR for new owners to try and help, although the 10k free ticket Mags may now choose to keep theirs.... Link to post Share on other sites More sharing options...
TRon Posted April 14, 2020 Share Posted April 14, 2020 Hopefully this is all positive, but I won’t hold my breath until it’s done! Hard to be excited but it definitely feels like we haven’t been here before. Wonder if I, like many others would be able to get our tickets back. Had mine 18 years, 153 points. I remember the Trust saying to upload evidence of points etc last summer when there were mass cancellations. Hopefully good PR for new owners to try and help, although the 10k free ticket Mags may now choose to keep theirs.... What a way to come out of lockdown it would be to be part of a new era at St James. Link to post Share on other sites More sharing options...
Recommended Posts