duncanmckenzieismagic Posted February 10, 2016 Report Share Posted February 10, 2016 I thought it was a pretty harmless phrase that accurately typified the apathy that has been destroying the club for years. I can't say that surprises me! Quote Link to comment Share on other sites More sharing options...
duncanmckenzieismagic Posted February 10, 2016 Report Share Posted February 10, 2016 http://www.liverpoolecho.co.uk/sport/football/football-news/everton-takeover-verdict-blues-value-10872448 Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted February 11, 2016 Report Share Posted February 11, 2016 http://www.nsno.co.uk/everton-news/2016/02/everton-sale-scepticism/ Quote Link to comment Share on other sites More sharing options...
London Blue Posted February 11, 2016 Report Share Posted February 11, 2016 http://www.nsno.co.uk/everton-news/2016/02/everton-sale-scepticism/ Talk about the glass being half empty Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted February 12, 2016 Report Share Posted February 12, 2016 http://www.theguardian.com/football/2016/feb/11/everton-roberto-martinez-bill-kenwright-takeover Quote Link to comment Share on other sites More sharing options...
AlbanyNYToffee Posted February 22, 2016 Report Share Posted February 22, 2016 Crickets.....What's going on over there across the pond? Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted February 22, 2016 Report Share Posted February 22, 2016 Crickets.....What's going on over there across the pond? lol i think it's either advancing or it's off. Matt 1 Quote Link to comment Share on other sites More sharing options...
Shukes Posted February 22, 2016 Report Share Posted February 22, 2016 Or stalled..one of the three. You should be a weather man in England ;-) Romey 1878 and markjazzbassist 2 Quote Link to comment Share on other sites More sharing options...
Cornish Steve Posted February 22, 2016 Report Share Posted February 22, 2016 Why would a company reveal the incomplete results of due diligence? I'd be really concerned if they did issue comments. It takes time, and there are plenty of factors to consider. markjazzbassist and Quinn31 2 Quote Link to comment Share on other sites More sharing options...
Hafnia Posted February 22, 2016 Report Share Posted February 22, 2016 I imagine it's going ahead. Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted February 22, 2016 Report Share Posted February 22, 2016 Why would a company reveal the incomplete results of due diligence? I'd be really concerned if they did issue comments. It takes time, and there are plenty of factors to consider. I imagine it's going ahead. agree with both of you the more i think about it. if they had bailed i'm sure we'd hear of it and the chinese trying to hop in the mix. Quote Link to comment Share on other sites More sharing options...
Quinn31 Posted February 23, 2016 Report Share Posted February 23, 2016 These things take time and are generally kept quiet. I wouldn't be concerned that no update has been given. Quote Link to comment Share on other sites More sharing options...
Chach Posted February 23, 2016 Report Share Posted February 23, 2016 http://www.nsno.co.uk/everton-news/2016/02/everton-sale-scepticism/ "If Everton wait, and finish above 10th twice in a row we could easily have gained £200 million from TV rights." This guy. Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted February 23, 2016 Report Share Posted February 23, 2016 The takeover is done apparently. Quote Link to comment Share on other sites More sharing options...
MikeO Posted February 23, 2016 Report Share Posted February 23, 2016 The takeover is done apparently. Momentous if that's accurate, for better or worse. Where's the info from Mark? Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted February 23, 2016 Report Share Posted February 23, 2016 Momentous if that's accurate, for better or worse. Where's the info from Mark? Just what I've heard, Mike, so take it with a huge grain of salt. I know I am, even though I do think it'll go through at some point. Quote Link to comment Share on other sites More sharing options...
Chach Posted February 24, 2016 Report Share Posted February 24, 2016 if the deals not done, then the 6 week exclusivity period is certainly up. Quote Link to comment Share on other sites More sharing options...
rubecula Posted February 24, 2016 Report Share Posted February 24, 2016 If true I have to admit to a slight feeling of terror Quote Link to comment Share on other sites More sharing options...
JoeQuince Posted February 24, 2016 Report Share Posted February 24, 2016 if the deals not done, then the 6 week exclusivity period is certainly up. Something of this magnitude doesn't just happen that quick. It's not as if any discerning businessperson making this type of investment is going to say, "well, the books look good, so where do we sign?!?". Looking over "the books" is an early step. Then comes a whole shit ton of modeling and planning to make sure the investment will be worthwhile. Then terms need to be worked out. Part of those terms, in Kenwright's case, beyond working out the money, most likely involves fully vetting the people he's selling his prized asset to and having his people evaluate their plans, which I'm assuming he would want to know before putting the club's future in their hands. We're talking lots of time-intensive, behind-closed-doors stuff here. Quote Link to comment Share on other sites More sharing options...
Chach Posted February 24, 2016 Report Share Posted February 24, 2016 (edited) Something of this magnitude doesn't just happen that quick. It's not as if any discerning businessperson making this type of investment is going to say, "well, the books look good, so where do we sign?!?". Looking over "the books" is an early step. Then comes a whole shit ton of modeling and planning to make sure the investment will be worthwhile. Then terms need to be worked out. Part of those terms, in Kenwright's case, beyond working out the money, most likely involves fully vetting the people he's selling his prized asset to and having his people evaluate their plans, which I'm assuming he would want to know before putting the club's future in their hands. We're talking lots of time-intensive, behind-closed-doors stuff here. They've already signed the head of terms prior to due dilligence, and with all due respect the modeling would have come before, the books are the books, they're just getting forensics. Notwithstanding the above, my point is, they had six weeks of exclusivity and that started in December so is well and truly up, so we can accept other offers should we want to. Edited February 24, 2016 by Chach Quote Link to comment Share on other sites More sharing options...
Shukes Posted February 24, 2016 Report Share Posted February 24, 2016 Exclusivity means they have a period of time when they alone have access to the books. It doesn't mean they deal is in thier hands by any means. Nothing is signed at that point Quote Link to comment Share on other sites More sharing options...
Chach Posted February 24, 2016 Report Share Posted February 24, 2016 (edited) Nothing is signed at that point Incorrect, the head of terms has been signed. There has been a fair amount of negotiations prior to get to this stage. http://uk.practicallaw.com/0-107-6683 Edited February 24, 2016 by Chach Quote Link to comment Share on other sites More sharing options...
Shukes Posted February 24, 2016 Report Share Posted February 24, 2016 That does not mean that the deal is up to them to either accept or decline. If Bill decides not to sell he can. The deal is far from done when exclusivity is signed. Quote Link to comment Share on other sites More sharing options...
Shukes Posted February 24, 2016 Report Share Posted February 24, 2016 To be fair even your Link says that. Quote Link to comment Share on other sites More sharing options...
Shukes Posted February 24, 2016 Report Share Posted February 24, 2016 Incorrect, the head of terms has been signed. There has been a fair amount of negotiations prior to get to this stage. http://uk.practicallaw.com/0-107-6683 Just read your previous post again and realised your only talking about the head of terms and that you weren't saying it is a done deal. Apologies. Chach 1 Quote Link to comment Share on other sites More sharing options...
chicagoblue Posted February 24, 2016 Report Share Posted February 24, 2016 What we've heard in terms of exclusivity etc is crumbs at most. Any deals could be extended, re negotiated etc. Seen the rumor about the desk being done bouncing around the Twittersphere though. Quote Link to comment Share on other sites More sharing options...
Chach Posted February 24, 2016 Report Share Posted February 24, 2016 To be fair even your Link says that. Look, I can only respond to what you post, and you said nothing had been signed and the head of terms has been signed, that means Bill and the board have negotiated up to that point and Bill and the board are happy with whats in the head of terms. Its now up to the purchasers to make sure what they have agreed upon is in fact the situation. It's non binding until incorporated into the head contract, but Bill's not doing due diligence on them though, that ship has sailed. Quote Link to comment Share on other sites More sharing options...
Chach Posted February 24, 2016 Report Share Posted February 24, 2016 What we've heard in terms of exclusivity etc is crumbs at most. Any deals could be extended, re negotiated etc. Seen the rumor about the desk being done bouncing around the Twittersphere though. Yeah thats my guess re extensions unless there was another serious bidder in the wings at which stage we might say "take it or leave it". Quote Link to comment Share on other sites More sharing options...
Shukes Posted February 24, 2016 Report Share Posted February 24, 2016 Yes I did read back and apologised for my mistake. Quote Link to comment Share on other sites More sharing options...
Chach Posted February 24, 2016 Report Share Posted February 24, 2016 Yes I did read back and apologised for my mistake. yep no worries mate, wish they'd just hurry up! Quote Link to comment Share on other sites More sharing options...
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