italiahorse
Well-Known Member
Two things
- The offer is in with the administrator
- Sisu could also put an offer in
- The offer is in with the administrator
- Sisu could also put an offer in
That's it really. But the gist is they don't want to wait 6 weeks for the report. They want to buy the club now and gear up for next season.
Its to late I'm very excited this take over must happen. PUSB#Must not get excited, must not get excited, must not get excited..........
It great that they are applying pressure on the administrator.
He is hiding behind standard operating procedure tegarding the 6 weeks and that could just be an update.
As many have pointed out.
If the golden share is in admin the club is up for sale if not.
Then the FA and SISU need a chat.
If the club is up for sale and the administrator drags it out until next season who is to say an American with 157 million who wants to buy half of ACL and the club may not be around.
The administrator must already know where the golden share is as do the FA
If the football share is in the CCFC LTD company and a new 3rd party purchases this can SISU keep holdings?
Would this mean we start again with a completely new team as they hold all the player registrations in holdings?
:facepalm:
To be fair though its hard to sell something when you dont know what you are selling ie even if the ownership of the share has been dealt with...which I'm not sure if this has 100%, what about player res's etc (I do imagine that this should be something that could be worked out within days rather than weeks though).
Also the administrator will only get paid out of the asset realisations. Does he risk offer(s) disappearing and not getting paid ?! Does he gamble dragging things out to get more costs ? Is there other interest out there that he will have a duty to explore in order to maximise realisations. We dont know
If I was him and there was a good offer on the table (we dont know how good the offer is at the moment). I'd find out about the golden share and the assets whilst running a very short sales process, then get it sold asap before the interest disappears.
As the main secured creditor he may well run the offer past Arvo (although this will depend on the sales process and if he is running a closed bid process), this gives SISU the chance of offering more.
Just hope the offer is sensible and SISU arent in a position to outbid.
It great that they are applying pressure on the administrator.
He is hiding behind standard operating procedure tegarding the 6 weeks and that could just be an update.
As many have pointed out.
If the golden share is in admin the club is up for sale if not.
Then the FA and SISU need a chat.
If the club is up for sale and the administrator drags it out until next season who is to say an American with 157 million who wants to buy half of ACL and the club may not be around.
The administrator must already know where the golden share is as do the FA
It great that they are applying pressure on the administrator.
He is hiding behind standard operating procedure tegarding the 6 weeks and that could just be an update. As many have pointed out. If the golden share is in admin the club is up for sale if not. Then the FA and SISU need a chat. If the club is up for sale and the administrator drags it out until next season who is to say an American with 157 million who wants to buy half of ACL and the club may not be around. The administrator must already know where the golden share is as do the FA
Preston was interested in Leeds and Charlton before. He like the geographical position of Coventry.
ie within a couple of hours drive of Heathrow.
ie within a couple of hours drive of Heathrow.
Just hope the offer is sensible and SISU arent in a position to outbid.
Flew in by private jet - these can land at Birmingham!
Well SISU could bid what they like? It's not cash is it - just moving a debt from one SISU company to another - They would then right off the ACL debt and nothing will have changed.....A bleak but possible thought!
Promising news nonetheless and it stops Sisu apologists coming out with the 'no one else will be interested for years or ever' crap:facepalm:
Will you just stop this. The only person mentioning this is you. It's a weak comment in the first place, yet you band it round like it's just entitled you to MENSA membership.
.
Remember GPE has a masters, a distinction no less.
Perhaps clever descriptions regarding sisu formed part of his dissertation.
What land does he want to develop ??
What land does he want to develop ??
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