Re: Another Week; Takeover Incomplete. : Wed Aug 30, 2023 9:43 pm  

Sounds realistic Avenger.I have been wondering myself if ME was waiting to see how the last 4 games pan out.

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 9:17 am  

To be fair the longer applegarth stayed, we pretty much knew how it would pan out.While we all hoped for another trinity fightback im afraid cheap options on players\coaching this time hasn't worked hope i'm wrong.

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 10:21 am  

FOREVERTRIN wrote:

Sounds realistic Avenger.I have been wondering myself if ME was waiting to see how the last 4 games pan out.

Any buyer would want to know if they were buying a SL club or a Championship club.
The difference in revenue (both incoming and expenditure) are absolutely huge and surely the price that the owners are asking would change accordingly. ?
For those desperate for the deal to go through, think about it and try and put yourselves in the position of both seller and buyer and in each position, would you want to rush into it or wait a little longer. It's not rocket science.

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 10:22 am  

The Avenger wrote:

IMO, and I stress this is just a view from the outside

If the deal could have been done a week or two after the initial financial injection via Matt Ellis’s sponsorship then we would have seen further transfers in an attempt to avoid relegation. Once that didn’t happen and the transfer/registration deadline passed meaning even if he owned the club Matt Ellis couldn’t bolster the team. Then I think ME became resigned to the reality of letting the season play out to see whether we are a Championship or a Superleague Club. The price of buying the club will change dependent upon one or the other as will the level of future investment so it now makes sense on his part to wait.

So, I don’t think we’ll hear anything until a couple of weeks after the final match of the season

I would think heads of terms were agreed ages ago on the price and as stated without rumours due diligence is on going.

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 10:38 am  

FOREVERTRIN wrote:

Sounds realistic Avenger.I have been wondering myself if ME was waiting to see how the last 4 games pan out.

I'm dreading how the last 4 games will pan out!

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 12:49 pm  

Ellis should pull out and tell them to get stuffed and let them two pick the pieces up. I wonder if the messiah will get his cape on and come to the rescue again or he makes a entrance like a Knight in shining armour. I wonder what jm as planned to repay all the debt off and take the club forward, can't wait.

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 12:59 pm  

REDWHITEANDBLUE wrote:

I would think heads of terms were agreed ages ago on the price and as stated without rumours due diligence is on going.

A Heads of Terms agreement in a situation like ours would have included a ‘ force majeure’ proviso in the event of the club being relegated. It’s also possible that two valuations were made before signing the heads of agreement, one for the club remaining in super league and one for a relegated club.

The main point I was making was that had the takeover gone through fairly quickly then the extra time would have made it possible for Mathew Ellis to provide more funding and improve the team in an attempt to avoid relegation.
However, now that the talks are extending for a protracted period, the deadline for new signings has gone, and therefore it is in Mathew Ellis’s interests to wait until the end of the season thus removing the urgency to conclude the takeover

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 1:25 pm  

wrencat1873 wrote:

Any buyer would want to know if they were buying a SL club or a Championship club.
The difference in revenue (both incoming and expenditure) are absolutely huge and surely the price that the owners are asking would change accordingly. ?
For those desperate for the deal to go through, think about it and try and put yourselves in the position of both seller and buyer and in each position, would you want to rush into it or wait a little longer. It's not rocket science.

Exactly right. Millions was knocked off the price of Leeds United once they were relegated so the San Francisco 49s bought the club at a cheaper price…

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 1:26 pm  

MOPSEY LIVES ON wrote:

Ellis should pull out and tell them to get stuffed and let them two pick the pieces up. I wonder if the messiah will get his cape on and come to the rescue again or he makes a entrance like a Knight in shining armour. I wonder what jm as planned to repay all the debt off and take the club forward, can't wait.

and exactly what would that achieve?

Re: Another Week; Takeover Incomplete. : Thu Aug 31, 2023 2:18 pm  

asmadasa wrote:

Exactly right. Millions was knocked off the price of Leeds United once they were relegated so the San Francisco 49s bought the club at a cheaper price…

I would think that could well have a bearing.

Also, though probably unrelated to any potential hold ups, were they waiting for the latest annual accounts to be submitted to companies house. If so, these have been submitted today, according to the companies house website