TAKEOVER *NOT* CONFIMRED

[Hendo]

Yeah, it's not time to hit the panic button just yet.

Especially after a couple of small positive bits of news which has come out after over the last couple of weeks.

[SouthDownsRoyal]

When will this be done?

When it's done.

Thanks

[WestYorksRoyal]

Based off no ITK knowledge, I'm predicting Friday 10 May. 6 weeks + 3 days after exclusivity announced. You heard it here first.

[savage 4 england]

6 weeks is a pretty short timeframe to get a transaction completed. So I wouldn't worry too much at this stage.

[royalgent]

Following up on previous Companies House observations, it looks like new Articles of Association have just been added to the Club’s page - https://find-and-update.company-informa ... ng-history

Could be nothing, but seems incredibly unlikely it would be anything but takeover related….

[Royals and Racers]

Following up on previous Companies House observations, it looks like new Articles of Association have just been added to the Club’s page - https://find-and-update.company-informa ... ng-history

Could be nothing, but seems incredibly unlikely it would be anything but takeover related….

And a document headed resolutions.

[royalgent]

Following up on previous Companies House observations, it looks like new Articles of Association have just been added to the Club’s page - https://find-and-update.company-informa ... ng-history

Could be nothing, but seems incredibly unlikely it would be anything but takeover related….

And a document headed resolutions.

If I were speculating, it could be an amendment to the articles / a board resolution for the same, to ensure that a sale of the minority shareholding held by the Thais can be forced through at the same time Dai sells.

[WestYorksRoyal]

Following up on previous Companies House observations, it looks like new Articles of Association have just been added to the Club’s page - https://find-and-update.company-informa ... ng-history

Could be nothing, but seems incredibly unlikely it would be anything but takeover related….

Yep, impossible that this is a coincidence. All signs are pointing to this happening, though usual caveats apply.

[royalgent]

It could also be as boring as amending the articles to remove or qualify the right of the directors to block a transfer of shares - which would have made the charge held over Renhe’s Reading Fc shares pretty useless.

[blythspartan]

Someone on Twitter has mentioned that this has happened 3 times in the last 23 years and that on 2 occasions it was due to a change of ownership.

[Clyde1998]

Someone on Twitter has mentioned that this has happened 3 times in the last 23 years and that on 2 occasions it was due to a change of ownership.

Articles of association are "written rules about running the company agreed by the shareholders or guarantors, directors and the company secretary".

Scanning through the most recent document, there are explicit references to Renhe which would have to be removed for the takeover to occur. As an example:

11.2 - The quorum for Directors' meetings is two Directors, provided that at least one of the Directors is a Renhe Director. No meeting of the Directors can take place in the absence of a Renhe Director.

I think it's likely a positive sign.

[Uke]

Following up on previous Companies House observations, it looks like new Articles of Association have just been added to the Club’s page - https://find-and-update.company-informa ... ng-history

Could be nothing, but seems incredibly unlikely it would be anything but takeover related….

She’s getting herself warmed up for the climax

[leon]

Following up on previous Companies House observations, it looks like new Articles of Association have just been added to the Club’s page - https://find-and-update.company-informa ... ng-history

Could be nothing, but seems incredibly unlikely it would be anything but takeover related….

She’s getting herself warmed up for the climax

1

[morganb]

https://twitter.com/dinghugo6/status/17 ... yeEng&s=19

Above has a Kirsten O'Brien snippet from BBCRB saying takeover will happen later this week

[Sutekh]

https://twitter.com/dinghugo6/status/1790062289128771589?t=NE_69V7b1Zhc_RmSuyeEng&s=19

Above has a Kirsten O'Brien snippet from BBCRB saying takeover will happen later this week

BBC are as clueless as the rest of us. Chances are, when/if it does happen, they will be the last to report it.

[Stranded]

2 more charges on Bearwood from Redwood published on Companies House - appears they have loaned the club 2.83m over the exclusivity period.

So either the deal completes soon or the club is even more financially handicapped than it was a few months back.

[royalgent]

2 more charges on Bearwood from Redwood published on Companies House - appears they have loaned the club 2.83m over the exclusivity period.

So either the deal completes soon or the club is even more financially handicapped than it was a few months back.

OR - Dai is unable/unwilling to pay the lenders back, and they use that as an event of default under the charges to seize control of the club.

[RoyalBlue]

Latest STAR Newsletter came out last night with no mention at all of where things are re a takeover.

I assume that either their meetings with Nigel Howe are no longer happening or he hasn't been able to add anything to what has already been said.

[WestYorksRoyal]

2 more charges on Bearwood from Redwood published on Companies House - appears they have loaned the club 2.83m over the exclusivity period.

So either the deal completes soon or the club is even more financially handicapped than it was a few months back.

Been lots of speculation on exactly how much money the club is losing, but the fact they have needed to lend almost £3m in only 2 months is eye opening.

[SpaghettiHoop]

2 more charges on Bearwood from Redwood published on Companies House - appears they have loaned the club 2.83m over the exclusivity period.

So either the deal completes soon or the club is even more financially handicapped than it was a few months back.

Been lots of speculation on exactly how much money the club is losing, but the fact they have needed to lend almost £3m in only 2 months is eye opening.

Probably cleared a lot of old debt.