Takeover (Covid-19/20)

This is not going to end well for the PL.

 

it’s click bait. They are part of the chronicle who recycle more than a Womble.

 

I was referring to the line about being quick.. i think being quick is put the window after a quarter of a year

 

we’re ****ed and the deal is dead.

 

good

 

And according to George Caulkin there has been no funds transferred either. So the deposit has not in fact been paid.

 

and so it unravels...

BZG part 2

 

He's referring to the balance. A deposit has been paid and is recorded as the 'ring fenced' amount within the charge.

 

he's talking about the 300 million minus the deposit already paid.

 

The ring fenced amount is described as a deposit 'not exceeding thirteen million pounds.'

 

errrrhhh.. hwhat

 

The deposit.

There is a vendor loan for £150 million and payment of a ring fenced deposit not exceeding £13 million to facilitate agreement of the vendor loan.

 

You see I’m reading it different. I’m thinking the non refundable deposit is not actually transferred. Just in a holding pot.

If the deal was off THEN the deposit gets released.

I might just be clutching but if it hasn’t been released then it’s still on.

Anyhoo he’s made it clear that both parties are waiting. If that’s the case then it’s still STILL with the PL to agree.

FFS!

 

the sky dude thinks this week

 

Could be that way. Without sight of the contract itself it is open to interpretation. The deposit has been ring fenced from the assets of Staveley. It could in theory be held on trust pending the outcome.

It could also be conditional on passing the test. Again, we need the contract to clarify.

 

I would like to say its close but I honestly have no idea.

 

defo this week

 

it will be mate ..

 

Wednesday by any chance ????