| Takeover - done deal. on 21:40 - Jun 1 with 6230 views | monmouth |
"Agreed by all concerned"
Huh?
Where's the Trust statement? |  |
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| Takeover - done deal. on 21:42 - Jun 1 with 6201 views | AngelRangelQS |
It seems like very strange wording.
I also wonder why Sky have got the jump on this one (if true of course) |  | | |
| Takeover - done deal. on 21:43 - Jun 1 with 6186 views | Murph75 |
Does 30-50 million sound enough for the stadium, training ground and playing staff? |  | | |
| Takeover - done deal. on 21:43 - Jun 1 with 6184 views | monmouth |
| Takeover - done deal. on 21:42 - Jun 1 by AngelRangelQS |
It seems like very strange wording.
I also wonder why Sky have got the jump on this one (if true of course) |
12 months of negotiation. WTF? | |
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| Takeover - done deal. on 21:43 - Jun 1 with 6178 views | ItchySphincter |
| Takeover - done deal. on 21:40 - Jun 1 by monmouth |
"Agreed by all concerned"
Huh?
Where's the Trust statement? |
I don't suppose they are required to agree to anything.
It looks like the Americans are just making four or five different deals to buy up individual shareholdings to gain one big majority stake and the trust have been kept out of it as they are not required one way or the other. |  |
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| Takeover - done deal. on 21:45 - Jun 1 with 6154 views | monmouth |
| Takeover - done deal. on 21:43 - Jun 1 by Murph75 |
Does 30-50 million sound enough for the stadium, training ground and playing staff? |
I'm going to get sick of saying this I know. Debt or equity? It won't be a gift and neither feels particularly palatable unless it's unsecured (aye there's a pig passing the sun).
Just another football club. | |
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| Takeover - done deal. on 21:46 - Jun 1 with 6140 views | Murph75 |
| Takeover - done deal. on 21:45 - Jun 1 by monmouth |
I'm going to get sick of saying this I know. Debt or equity? It won't be a gift and neither feels particularly palatable unless it's unsecured (aye there's a pig passing the sun).
Just another football club. |
I'm scared | | | |
| Takeover - done deal. on 21:47 - Jun 1 with 6134 views | monmouth |
| Takeover - done deal. on 21:43 - Jun 1 by ItchySphincter |
I don't suppose they are required to agree to anything.
It looks like the Americans are just making four or five different deals to buy up individual shareholdings to gain one big majority stake and the trust have been kept out of it as they are not required one way or the other. |
The second biggest shareholder is 'not concerned' in a change of majotity shareholding and minority protection? That'll be a first. | |
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| Takeover - done deal. on 21:54 - Jun 1 with 6073 views | ItchySphincter |
| Takeover - done deal. on 21:47 - Jun 1 by monmouth |
The second biggest shareholder is 'not concerned' in a change of majotity shareholding and minority protection? That'll be a first. |
They are not considered to be a concern. Simples. | |
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| Takeover - done deal. on 22:00 - Jun 1 with 6019 views | monmouth |
| Takeover - done deal. on 21:54 - Jun 1 by ItchySphincter |
They are not considered to be a concern. Simples. |
Aye, I get that depressing inference. Company law says different though as I understood it (maybe misunderstood it); but this is exactly why minority protections exist so that minorities can't be railroaded and stitched up. | |
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| Takeover - done deal. on 22:00 - Jun 1 with 6019 views | londonlisa2001 |
| Takeover - done deal. on 21:54 - Jun 1 by ItchySphincter |
They are not considered to be a concern. Simples. |
It is not possible to do it though if there is a shareholders agreement with a right of first refusal which we've been assured that there is - simple.
Something is not right. |  | | |
| Takeover - done deal. on 22:01 - Jun 1 with 6006 views | londonlisa2001 |
| Takeover - done deal. on 22:00 - Jun 1 by monmouth |
Aye, I get that depressing inference. Company law says different though as I understood it (maybe misunderstood it); but this is exactly why minority protections exist so that minorities can't be railroaded and stitched up. |
Exactly correct. I've just asked the same on the other thread. | | | |
| Takeover - done deal. on 22:07 - Jun 1 with 5938 views | AngelRangelQS |
| Takeover - done deal. on 22:00 - Jun 1 by londonlisa2001 |
It is not possible to do it though if there is a shareholders agreement with a right of first refusal which we've been assured that there is - simple.
Something is not right. |
But isn't this right of first refusal essentially worthless when the trust don't have the cash to actually buy the shares? Wouldn't it have just been a formality? | | | |
| Takeover - done deal. on 22:12 - Jun 1 with 5898 views | ItchySphincter |
The inference in the article is that the principle of a deal has been agreed - paper work to follow. I don't suppose the sellers need to consult anyone whilst consulting to agree a sale price do they? Only now that the deal needs to be ratified will the trust be brought in to discussions, unless they have not been forthright with us either. | |
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| Takeover - done deal. on 22:15 - Jun 1 with 5855 views | londonlisa2001 |
| Takeover - done deal. on 22:07 - Jun 1 by AngelRangelQS |
But isn't this right of first refusal essentially worthless when the trust don't have the cash to actually buy the shares? Wouldn't it have just been a formality? |
No. The details of the offer would have to be made available in order to fulfil the obligation. So even if the Trust didn't take up the right, the details would be known (and they would by the way have a specified length of time, often 90 days) to do something about it,
There are also protections available as minority shareholder to explore and also something known as quasi partnership rules which may apply in this case as well. The Trust can't simply be ignored. | | | |
| Takeover - done deal. on 22:16 - Jun 1 with 5841 views | mahoss |
Could this be a good thing ?, just wondering ..... | | | |
| Takeover - done deal. on 22:19 - Jun 1 with 5796 views | ItchySphincter |
| Takeover - done deal. on 22:15 - Jun 1 by londonlisa2001 |
No. The details of the offer would have to be made available in order to fulfil the obligation. So even if the Trust didn't take up the right, the details would be known (and they would by the way have a specified length of time, often 90 days) to do something about it,
There are also protections available as minority shareholder to explore and also something known as quasi partnership rules which may apply in this case as well. The Trust can't simply be ignored. |
Well somethings not right...........
Let's see who knows their way around these complex company deals the best - the discreet American multi-billionaires or Planet Swans's finest?
Looking forward to the next installment. [Post edited 1 Jun 2016 22:27]
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| Takeover - done deal. on 22:22 - Jun 1 with 5773 views | monmouth |
| Takeover - done deal. on 22:19 - Jun 1 by ItchySphincter |
Well somethings not right...........
Let's see who knows their way around these complex company deals the best - the discreet American multi-billionaires or Planet Swans's finest?
Looking forward to the next installment. [Post edited 1 Jun 2016 22:27]
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What multi billionaires would those be? | |
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| Takeover - done deal. on 22:22 - Jun 1 with 5767 views | AngelRangelQS |
| Takeover - done deal. on 22:15 - Jun 1 by londonlisa2001 |
No. The details of the offer would have to be made available in order to fulfil the obligation. So even if the Trust didn't take up the right, the details would be known (and they would by the way have a specified length of time, often 90 days) to do something about it,
There are also protections available as minority shareholder to explore and also something known as quasi partnership rules which may apply in this case as well. The Trust can't simply be ignored. |
Apologies if I'm being thick but have the trust said that the details of the offer have not been made clear? I appreciate that they haven't said where any (spending) money etc is coming from or what plans they have once they've bought it.
Would they have to reveal the identities of the parties at this stage? What if the buying parties were limited companies, which is very likely? Would the trust be entitled to names? I guess not?? | | | |
| Takeover - done deal. on 22:24 - Jun 1 with 5752 views | Big_Phil |
Spot on Lisa.
Someone is being economical with the truth I believe, but when lawyers specialising in company law get involved (which they surely must be by now) any mis-representation or not following due process will be called out and stopped due to serious legal issues occurring / the deal will go through and that WILL mean the Trust have been consulted and been offered 'fair and appropriate time' to respond to any offer to sell shares |  | | |
| Takeover - done deal. on 22:24 - Jun 1 with 5750 views | ItchySphincter |
| Takeover - done deal. on 22:22 - Jun 1 by monmouth |
What multi billionaires would those be? |
Are these people not billionaires? I thought I had read that they were. | |
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| Takeover - done deal. on 22:34 - Jun 1 with 5634 views | Landore_Jack |
Sold down the river.
R.I.P SCFC and our unique identity.
Gutted. [Post edited 1 Jun 2016 22:42]
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| Takeover - done deal. on 22:36 - Jun 1 with 5610 views | Lord_Bony |
| Takeover - done deal. on 22:16 - Jun 1 by mahoss |
Could this be a good thing ?, just wondering ..... |
Not if this £50 million "investment" is really just a loan secured against the club with interest its not.
I hope I m wrong but it could be a win win situation for our American friends.
Still as long as they are ok at the top then it does nt really matter does it?
This post has been edited by an administrator |  |
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| Takeover - done deal. on 22:46 - Jun 1 with 5532 views | mahoss |
| Takeover - done deal. on 22:36 - Jun 1 by Lord_Bony |
Not if this £50 million "investment" is really just a loan secured against the club with interest its not.
I hope I m wrong but it could be a win win situation for our American friends.
Still as long as they are ok at the top then it does nt really matter does it?
This post has been edited by an administrator |
They won't want to see the Swans relegated that's for sure.
So that means they have to invest in the playing squad,they
are aware of that.
Interesting times ahead...... | | | |
| Takeover - done deal. on 22:47 - Jun 1 with 5520 views | Lord_Bony |
Hey guys.!!
I know its seasons end but lets all look forward to the next one the coming fall....
It s gonna be frickin A OK y'all..... I love SOCCER!! wE RE GONNA GET SO MANY NEW FANS...
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