genome These are long complex processes, and in fact the longer it takes the better... unless you want to be back here again in a few years
+1 we don’t want another anton
by Brogue » 20 Nov 2023 09:21
genome These are long complex processes, and in fact the longer it takes the better... unless you want to be back here again in a few years
by From Despair To Where? » 20 Nov 2023 09:26
StrandedRoyalBluewindermereROYAL Anybody getting bored of waiting now?
I hate to say it but 50 years on, I'm now starting to get bored of Reading FC and English professional football in general.
And just to make things worse, I'd forgotten how Leicester were seemingly able to buy their way out of EFL FFP trouble. https://www.theguardian.com/football/2018/feb/21/leicester-settlement-football-league-ffp#:~:text=Leicester%20make%20%C2%A33.1m%20settlement%20with%20Football%20League%20over%20FFP%20claim,-This%20article%20is&text=Leicester%20City%20have%20agreed%20to,in%20their%202013%2D14%20season.
Don't forget Leicester have essentially bent the rules twice without any effective punishment. They won promotion in 2002/03 despite going in to administration in October '02. There were literally no penalties at the time and the club had built a promotion winning squad they couldn't afford but were bought out of admin essentially debt free and won promotion.
It was this case that led the EFL, after multiple complaints from other clubs, to bring in the rule that a side going into admin lost 10 points automatically (now 12).
by WestYorksRoyal » 20 Nov 2023 09:34
Broguegenome These are long complex processes, and in fact the longer it takes the better... unless you want to be back here again in a few years
+1 we don’t want another anton
by Hendo » 20 Nov 2023 09:47
WestYorksRoyalBroguegenome These are long complex processes, and in fact the longer it takes the better... unless you want to be back here again in a few years
+1 we don’t want another anton
But we've had about 3 months of discussions and negotiations. Howe has been helping facilitate and Bowen too. We're now at the point where 4 offers are on the table, presumably from parties we have done our homework on. A time comes where you have to make a decision, and that is where we're at.
by NathStPaul » 20 Nov 2023 09:50
by Brogue » 20 Nov 2023 09:53
NathStPaul So many experts on football club takeovers.....
They have no idea how long it takes or what it involves.
by bcubed » 20 Nov 2023 09:54
by NathStPaul » 20 Nov 2023 10:00
bcubed I thought you had to be an expert to be accepted on Hobnob
by Stranded » 20 Nov 2023 10:04
HendoWestYorksRoyalBrogue
+1 we don’t want another anton
But we've had about 3 months of discussions and negotiations. Howe has been helping facilitate and Bowen too. We're now at the point where 4 offers are on the table, presumably from parties we have done our homework on. A time comes where you have to make a decision, and that is where we're at.
Have we?
Mike Ashely registered his interest about 3 weeks ago.
by WestYorksRoyal » 20 Nov 2023 10:05
NathStPaul So many experts on football club takeovers.....
They have no idea how long it takes or what it involves.
by Snowflake Royal » 20 Nov 2023 10:41
by From Despair To Where? » 20 Nov 2023 10:49
NathStPaul So many experts on football club takeovers.....
They have no idea how long it takes or what it involves.
by WestYorksRoyal » 20 Nov 2023 10:53
Snowflake Royal No one has any patience any more. If anything goes 10 seconds without an update its a disaster.
by Stranded » 20 Nov 2023 10:58
WestYorksRoyalSnowflake Royal No one has any patience any more. If anything goes 10 seconds without an update its a disaster.
Too fcuking right I have no patience left. Where have you been the past 5 years?!
The last time the smug "be patient" brigade were out in force, the Wilder appointed wasn't happening and we were being told it was a good thing that the club was taking its time on an important managerial appointment. How's that worked out for everyone?
by Ascotexgunner » 20 Nov 2023 11:06
WestYorksRoyalSnowflake Royal No one has any patience any more. If anything goes 10 seconds without an update its a disaster.
Too fcuking right I have no patience left. Where have you been the past 5 years?!
The last time the smug "be patient" brigade were out in force, the Wilder appointed wasn't happening and we were being told it was a good thing that the club was taking its time on an important managerial appointment. How's that worked out for everyone?
Dai's track record is "no news = shit show behind the scenes". Of course I'm impatient for good news.
by WestYorksRoyal » 20 Nov 2023 11:08
AscotexgunnerWestYorksRoyalSnowflake Royal No one has any patience any more. If anything goes 10 seconds without an update its a disaster.
Too fcuking right I have no patience left. Where have you been the past 5 years?!
The last time the smug "be patient" brigade were out in force, the Wilder appointed wasn't happening and we were being told it was a good thing that the club was taking its time on an important managerial appointment. How's that worked out for everyone?
Dai's track record is "no news = shit show behind the scenes". Of course I'm impatient for good news.
Have you ever tried to buy a house?
by YorkshireRoyal99 » 20 Nov 2023 11:18
WestYorksRoyalAscotexgunnerWestYorksRoyal Too fcuking right I have no patience left. Where have you been the past 5 years?!
The last time the smug "be patient" brigade were out in force, the Wilder appointed wasn't happening and we were being told it was a good thing that the club was taking its time on an important managerial appointment. How's that worked out for everyone?
Dai's track record is "no news = shit show behind the scenes". Of course I'm impatient for good news.
Have you ever tried to buy a house?
My solicitor hated me.
But it's a bad analogy. Even after exclusivity, there needs to be due diligence, EFL approval then all the legal completions. It's not that the sale is slow. It's that we haven't even made the first step. It's like having your house on the market, several offers in play and not even accepting an initial offer.
by Snowflake Royal » 20 Nov 2023 11:20
WestYorksRoyalSnowflake Royal No one has any patience any more. If anything goes 10 seconds without an update its a disaster.
Too fcuking right I have no patience left. Where have you been the past 5 years?!
The last time the smug "be patient" brigade were out in force, the Wilder appointed wasn't happening and we were being told it was a good thing that the club was taking its time on an important managerial appointment. How's that worked out for everyone?
Dai's track record is "no news = shit show behind the scenes". Of course I'm impatient for good news.
by WestYorksRoyal » 20 Nov 2023 11:25
YorkshireRoyal99WestYorksRoyalAscotexgunner
Have you ever tried to buy a house?
My solicitor hated me.
But it's a bad analogy. Even after exclusivity, there needs to be due diligence, EFL approval then all the legal completions. It's not that the sale is slow. It's that we haven't even made the first step. It's like having your house on the market, several offers in play and not even accepting an initial offer.
Well if those several offers were under your asking price, then you wouldn't accept it.
At the moment, we have no idea what any of these 4 parties have bid. Given Dai's demands were reported to be £70-80m, if nobody has come close to that then he might not accept. Ultimately, we do not know where we are at, nor should we know every passing detail. It's frustrating, but that's how it is. And it was reported that exclusivity might be granted at the back end of last week, if not early this week and we aren't even halfway through Monday yet.
by tidus_mi2 » 20 Nov 2023 11:37
WestYorksRoyalYorkshireRoyal99WestYorksRoyal My solicitor hated me.
But it's a bad analogy. Even after exclusivity, there needs to be due diligence, EFL approval then all the legal completions. It's not that the sale is slow. It's that we haven't even made the first step. It's like having your house on the market, several offers in play and not even accepting an initial offer.
Well if those several offers were under your asking price, then you wouldn't accept it.
At the moment, we have no idea what any of these 4 parties have bid. Given Dai's demands were reported to be £70-80m, if nobody has come close to that then he might not accept. Ultimately, we do not know where we are at, nor should we know every passing detail. It's frustrating, but that's how it is. And it was reported that exclusivity might be granted at the back end of last week, if not early this week and we aren't even halfway through Monday yet.
Exactly, which is why I'm nervous and impatient. He may reject them all, and then what? Back to the house analogy, if you accept an offer you know the process has a long way to run, but you also reasonably expect a sale to be likely. We're not at that point yet; we can't say with confidence a sale is likely. Exclusivity is one step in a long process, but it's probably the most important.
And I appreciate it's not yet Monday lunchtime. I originally said I'll be panicking if we don't see such an update this week, which is perfectly fair.
No sale = L2 with Dai = NL?
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