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Post by andyl on Aug 9, 2019 13:56:12 GMT
So tickets went on sale at a reduced price. So what were the 'developments' that led to the change of tack. It can't be the Bassini injunction because that came afterwards ( or did it?)
In passing with reference to the administrators' statement quoted by David M above, how unprofessional is that!!!! When Ken Anderson wrote in occasionally emotive terms he was berated but here we have an injunction which a court has granted. Surely solicitor administrators should be neutral, impersonal and not expressing their outrage. So they were close to finalising the deal( seriously?). I have no doubt that there are innumerable complications and intricacies to a deal by administrators. Their job is to get it over the line and to announce when they have and to ensure creditors are paid an agreed amount asap. They are not there to favour one particular bidder other than stating their status as preferred.
Bassini is clearly a maverick. He may be able to do what he claims but it seems very doubtful. Nevertheless Ken did sign an agreement to sell to him, so I can well see why there is a prima facie case to consider. It should be thrown out because the deal was not completed and Ken terminated it? If it is considered next Wednesday and overturned are we to believe that within minutes the sale to FV will go through, because that's the implication of the administrators' statement.
It's a shame the BN's reporter is so out of the loop of information. This whole affair could do with some rigorous investigation
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Post by OohMac on Aug 9, 2019 21:16:04 GMT
Thought we were going to hear preferred hotel bidder today. Hearing that LB has put a halt to that.
Now im seriously questioning how much power does this guy have? And having answered that question are both administrators just using these pawn to stretch it out. I can see no reason why show wouldnt go on confident that Larrys claim will be thrown out.
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Post by OohMac on Aug 16, 2019 15:04:18 GMT
How long can this go on for?
Might seem like a rhetorical question but its not. How realistically can this last under admin. No season tickets.
The EFL must be weighing up the problems in having a squad of people who cannot legally drive or place a bet.
How much is in a pot for the admin to keep ticking over?
There must be a deadline for when they either accept the highest bid or just clear out? That date cannot be too far off.
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Post by kenglowhite on Aug 16, 2019 18:04:57 GMT
"Not too far off " ? Surely just wishful thinking. It is time for the remaining supporters to remonstrate. Perhaps we should do it when they try to sell tickets for the home games next week. This is suicide on a grand scale.
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Post by whitesince63 on Aug 16, 2019 18:43:44 GMT
I have to say that I’m totally exasperated that there has still been no news on the takeover, nor even the position on the hotel. Clearly the people involved have absolutely no understanding of the frustration the fans are feeling. For the players and staff it must be even worse. I could understand a NDA earlier in the process limiting dialogue but since we now all know that FV have been confirmed as buyers I honestly can’t see the need for such secrecy. It really is testing everyone’s patience to the extreme now and I can’t think why at least some kind of clarification on where we are can’t be given by someone, especially after being told last week the deal was ready for signing. Honesty and credibility being stretched here.
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Post by OohMac on Aug 16, 2019 20:07:22 GMT
I dont understand the NDA at this stage. I dont get how Ms Brittain can be allowed to be snapped in a Starbucks with Parkinson and take a seat at Wycombe and then go into hiding.
Is this someone we want? Way i see it now is there are no hurdles left that can stop anyone. If you want it put your offers in, tell us the fans that your best offer is in.
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Post by whitesince63 on Aug 16, 2019 22:55:16 GMT
I think you’re right OM, all the potential barriers have now been lifted so if there was someone lurking and waiting for an opportunity, it’s here now. I’m still hopeful that the plan is to announce the takeover before the match tomorrow but if it isn’t then I really don’t know why. If FV needed to purchase an indemnity regarding any highly unlikely action by LB following his brush with KA on 2nd Sep, that should have easily been completed by now so no reason to delay if they are really serious. In fact I would have thought further delays increase their risk that we get relegated, so it would be in their interest to conclude matters as soon as possible. Since apart from Bassini there don’t appear to have been any other seriously interested parties, there has been no pressure on them to complete but by delaying they are achieving nothing, losing potential revenue and quite seriously peeing off their loyal customers.
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Post by kenglowhite on Aug 17, 2019 7:20:40 GMT
The latest vague ilesism suggests there are two bidders for the hotel, including FV, and that seems to be the reason for the hold-up, though why should it prevent a decision ? Meanwhile two home games next week ....I don't thonk everyone's going to go mental for tickets like they did for Coventry.
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Post by OohMac on Aug 17, 2019 8:22:31 GMT
Problem is that there is zero power from administrators as its clear FV are only show in town. So any attempt to speed this up or any threats are just empty.
Hotel admin seem utterly useless but arent going to bend over backwards for FV as they arent linked.
I guess the breakdown is FV is short for the hotel and other bidders are put off by Michael James as creditor. He may be playing hardball to force a FV through.
Either way 8 weeks down the line with no update. Just not good enough.
Not sure also why administrators couldnt register Hobbs and two others given that Oz and Magennis must have been budgeted for and are not there. They will have been the biggest earners so why cant they bring 4 or 5 in?
I was really hoping like Wycombe that we may have late news about additions. Nope.
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Post by cadders on Aug 17, 2019 21:29:23 GMT
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Post by Deleted on Aug 17, 2019 22:08:37 GMT
Good info cadd. Puts a little light on the whole affair. Will the remaining duo hang in? With, or without the hotel? My guess is with the hotel, maybe. Without the hotel... bust.
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Post by whitesince63 on Aug 18, 2019 8:38:34 GMT
I don’t think there’s any question that FV will pull out if they don’t get the hotel but assuming they do, where does that leave the new hotel buyer? We shouldn’t also forget that Michael James owns the hotel car parking so unless there is a covenant in the hotel that assures they can use it, that could also pose a problem. These might be the kind of issues which are delaying it and if the interested parties are playing “ first one to blink” we may be waiting some time. Of course if FV delay, the more likely it is we will be relegated sosurely they need to move things along. Basically it’s a mess but the Administrators job is to sort that so any pressure that can be exerted should be on Quantama.
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Post by kenglowhite on Aug 18, 2019 12:58:36 GMT
Meanwhile there is a home match on Tuesday. Will it be postponed, or will tickets be on sale at the gates?
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