Doug King Takeover (4 Viewers)

[Danceswithhorses]

Theory #84901...Ashley does want the club, but wants 100%.
SISU doesn't want to cash out fully, so has 'sold' 85% to Mr King.
Ashley can buy this 85%, or walk away.

 

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[Gibbo]

We need new members. More traffic =, more ads for Nick to show = more revenue for SBT = good thing, as it is technically much better than many supporter blogs

 

[rexo87]

cmon the judge

 

[Skybluedownunder]

Still don’t understand why King didn’t bid “£35m to satisfy the bondholders claim in exchange for their charge including the £9m P Share charge”

King gets the Bonds pays off, assumes the rights of the Bondholder and charge holder might get £9m back meaning it’s all cost £26m not £25m and he occupies a stadium which he has a charge over.

I’m sure I must have missed something

P share has nothing to do with ACL


Sent from my iPhone using Tapatalk

 

[Calista]

A bit like when you've been out and missed a game, but recorded it, I've just spent an hour and a half reading through the last 9 pages "as live". Only to watch 90 mins of a tedious 0-0 and we're going into extra time.

 

[The Philosopher]

Administrators have to surely act in best interests of Bond holders and stakeholders

Administrators are often a bit greasy. Just saying.

 

[Londonccfcfan]

cmon the judge

Whos she?

 

[The Philosopher]

P share has nothing to do with ACL


Sent from my iPhone using Tapatalk

I thought I’d read that the Bondholders had a charge over that too.

You 100% sure I’m wrong? I’ll happily agree I am if you are sure.

 

[jordan210]

We need new members. More traffic =, more ads for Nick to show = more revenue for SBT = good thing, as it is technically much better than many supporter blogs

Then SBT can sponsor the club and we live happily ever after

 

[Nick]

Administrators have to surely act in best interests of Bond holders and stakeholders

Interesting if the judge is having to persuade them of that.

 

[ceetee]

What knowledge? Haven’t we always assumed it is just another folder in her portfolio and besides a couple of Wembley trips she has very little involvement in the day to day month to month running of the club

No she buys and sells players as lots of contributors to this board will tell you

 

[wal3590]

Sorry but who is this woman?

 

[Bugsy]

Whos she?

don't know, but why don't she come on over.....PUSB

 

[MalcSB]

I thought I’d read that the Bondholders had a charge over that too.

You 100% sure I’m wrong? I’ll happily agree I am if you are sure.

The bondholders have a charge over proceeds from the sale of the P share which isn’t held by ACL. Today’s hearing is about ACL.

 

[Nick]

Whos she?

Bondholder.

 

[duffer]

Sorry but who is this woman?

She's the one who organised the bondholders' crowdfunding legal thing...

 

[duffer]

Bondholder.

Liking the new avatar, Nick...

 

[Sick Boy]

Weird it’s not being challenged then?

 

[The Philosopher]

The bondholders have a charge over proceeds from the sale of the P share which isn’t held by ACL. Today’s hearing is about ACL.

Yep, so buy out the bondholder legal position (assume their position) and get a potential £9m back later.

 

[ceetee]

I thought ACL weren't actually In Admin yet, so it's not the Administrators call. Richardson can sell to whomsoever he wants

 

[Nick]

Weird it’s not being challenged then?

It is the Trustee who makes that decision.

The same one who has been selectively communicative.

 

[jordan210]

Defo so bond holder in flighting going on. Wonder if who ever holds a larger share was throwing weight around to get a deal done.

 

[Londonccfcfan]

Bondholder.

Common sense needs to prevail here for all partys concerned.

As long as this Doug King isnt blagging im convinced hes not. That hes got the funds. Then Ashley shouldnt even be in the picture.

 

[HuckerbyDublinWhelan]

Administrators will love this, can start billing now

 

[Nick]

 

[MAFF]

I can't decide if he's a WUM or ITK

 

[The Philosopher]

This is the account people told me write in green crayons, right?

 

[Nick]

Reads to me that the court has gone Ashley's way.

 

[Londonccfcfan]

Administrators will love this, can start billing now

Lights are literally going to be switched off tommorow at the stadium by sounds of it.

 

[NorthernWisdom]

Reads to me that the court has gone Ashley's way.

Would certainly be a shock if not, wouldn't it.

 

[Sick Boy]

Reads to me that the court has gone Ashley's way.

Could also be read as goading the council considering the account.

 

[Gynnsthetonic]

I need a poo, suspense is killing me

 

[The Philosopher]

This feels like that bit of time where some people know but haven’t got on to Twitter yet whilst we are in the dark.

 

[jordan210]

Reads to me that the court has gone Ashley's way.

Could be to the council. That the wasps act project has failed.

 

[hill83]

I need a poo, suspense is killing me

All the best pal