TAKEOVER *NOT* CONFIMRED

[blythspartan]

The next month is going to be super boring isn’t it.

Nothing to play for other than pride and momentum to take into next season in the remaining two games.

Contract negotiations and releases likely mostly on hold for the takeover. Blackout on takeover info until its done or falls through.

Speculation on new signings pointless until the takeover goes through, or if it doesn’t.

Hard to get too interested in ups and downs while we wait to see if we have a club.

I agree IR.

With regards to the takeover I am hoping that Howe did so much legwork to get to exclusivity that it’ll be completed sooner rather than later. Going with almost a full glass I reckon it’ll be by 26 April.

Please let this happen today or tomorrow.

[UpThePrem]

So the charge is for 240M shares at 50p. I'm no expert , so does that mean its costing £120M?

[WestYorksRoyal]

So the charge is for 240M sharea at 50p. I'm no expert , so does that mean its costing £120M?

That's their nominal value, which reflects what Dai originally put into the club when they were issued. It doesn't reflect their market value, which is substantially less than 50p per share.

[WestYorksRoyal]

The next month is going to be super boring isn’t it.

Nothing to play for other than pride and momentum to take into next season in the remaining two games.

Contract negotiations and releases likely mostly on hold for the takeover. Blackout on takeover info until its done or falls through.

Speculation on new signings pointless until the takeover goes through, or if it doesn’t.

Hard to get too interested in ups and downs while we wait to see if we have a club.

I agree IR.

With regards to the takeover I am hoping that Howe did so much legwork to get to exclusivity that it’ll be completed sooner rather than later. Going with almost a full glass I reckon it’ll be by 26 April.

Please let this happen today or tomorrow.

These things are complicated and take time, but if I was in Chiron's position I would be breaking my back to try and get it done by tomorrow's game so I can introduce myself to the staff, players and fans before everyone goes away for the off season. Would boost all contract renewal discussions and let us start recruiting immediately.

[Clyde1998]

So, and I'm sure someone will correct me if I'm wrong,

Redwood have lead money and Dai's shares in the club are the collateral - so if the deal falls through and Dai/the club default on repayments of that loan, Redwood can claim the shares as repayment? Therefore essentially getting the club for nothing.

If that's correct, then suggests it is basically done then doesn't it?

I think it's the point of no return. This seems to be like a mortgage now - Dai still owns the club, but if he falls behind on repayment of the loan the Redwood get all of Dai's shares. You wouldn't enter into a binding agreement like that unless the deal is happening.

[WestYorksRoyal]

So, and I'm sure someone will correct me if I'm wrong,

Redwood have lead money and Dai's shares in the club are the collateral - so if the deal falls through and Dai/the club default on repayments of that loan, Redwood can claim the shares as repayment? Therefore essentially getting the club for nothing.

If that's correct, then suggests it is basically done then doesn't it?

I think it's the point of no return. This seems to be like a mortgage now - Dai still owns the club, but if he falls behind on repayment of the loan the Redwood get all of Dai's shares. You wouldn't enter into a binding agreement like that unless the deal is happening.

Certainly bodes well that after a month of paying accountants and legal firms to undertake detailed due diligence, they're still willing to lend money. They haven't found anything to put them off.

Add in the leverage the charges give them over Dai, I think we're at the stage where it's very likely.

[Brum Royal]

Hopefully this is the "good news" Elm Park Kid was referring to earlier in the week

[Sutekh]

Latest summary of things on FLW (footballleagueworld)

[PieEater]

Latest summary of things on FLW (footballleagueworld)

About The Author
Adam Jones
(7843 Articles Published)

A 23-year-old Reading FC fan and writer who graduated from the University for the Creative Arts last summer with a degree in Journalism and Media Production.

That's some rate of content getting published.

[Snowflake Royal]

Latest summary of things on FLW (footballleagueworld)

About The Author
Adam Jones
(7843 Articles Published)

A 23-year-old Reading FC fan and writer who graduated from the University for the Creative Arts last summer with a degree in Journalism and Media Production.

That's some rate of content getting published.

Definitely rate that under spouts as much clickbait nonsense as possible, so thoroughly unreliable.

[Wisconsin Royal]

I, for one, welcome our new Swiss overlords.

[From Despair To Where?]

Latest summary of things on FLW (footballleagueworld)

About The Author
Adam Jones
(7843 Articles Published)

A 23-year-old Reading FC fan and writer who graduated from the University for the Creative Arts last summer with a degree in Journalism and Media Production.

That's some rate of content getting published.

Definitely rate that under nicks his content off here.

C4y

[Sutekh]

Looking forward to being able to Cheeron Reading next season.

[windermereROYAL]

Somebody has posted a video of Lee Johnson in the upper west today...don`t even think about it.

[From Despair To Where?]

Good Lord, no.

[WestYorksRoyal]

Somebody has posted a video of Lee Johnson in the upper west today...don`t even think about it.

If they do that on day 1, I'm creating Sell Before We Have Nobody to Cheer-on.

[Hound]

He’ll be just scouting for someone I’d imagine.

[SouthDownsRoyal]

When will this be done?

[Stranded]

When will this be done?

When it's done.

[Snowflake Royal]

If we get to 20th May with no more significant news, then might be time to get a bit nervous.