The Esk
Player Valuation: £70m
No he doesn't have to as he has the options agreement as I said some posts ago.
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No he doesn't have to as he has the options agreement as I said some posts ago.
Dymak
Player Valuation: £40m
The option you talk about includes the option not to buy the club. Why is he so intent on keeping the option not to buy the club available to him? If he wanted to buy the club now, he could do so. But he is strategically choosing not to.
The Esk
Player Valuation: £70m
I am totally assured he will aquire Kenwright, Woods and Abercrombie's remaining holdings giving him near 75% of the company.
All that is required is the conditions of the options agreement to be met.
I've written this several times over the last 9 months but it is worth repeating. No one is going to by half a company that has a poor management team and is a relatively insignificant player in a market without the intent to improve the prospects of the company by improving the management and investing as required to meet the demands of improvement. If his wish was to maintain the status quo his prior exposure to Arsenal provided a better alternative regardless of the lack of influence he had at the time.
The Esk
Player Valuation: £70m
I'm not sure if you are being deliberately obtuse.
He could not acquire more than 50% without triggering a change of ownership cause in the secured loan. He removed that barrier by paying the loan off.
He has an agreement to buy another near 25% from the largest shareholders subject to conditions probably not currently met.
The remaining shareholders are unwilling to sell their shares currently because of the perceived uplift in value in the near future.
That is where we stand.
Dymak
Player Valuation: £40m
Because Moshiri has been busy contacting all the minority shareholders and making them offers which each and every one of them has refused. I guess all the minority shareholders must be absolutely convinced that the unknown conditions will be met, otherwise they may have been foolish to dismiss Moshiri's offers to buy their shares in the event that the Unknown conditions aren't met.
The Esk
Player Valuation: £70m
You are being obtuse.
I am saying if you attempt to purchase shares through the stockbrokers none are available for sale, and that he currently doesn't need to do so, however if the conditions of the options were not to be met in the future he might do so.
Dymak
Player Valuation: £40m
There may be a perfectly reasonable answer to this question, but there is no harm in asking the question.
If Moshiri's strategic decision to only hold 49.9% was to prevent an obligation to pay off the debt, then why has he then gone and paid the debt off anyway? Why didn't he just pay it off in the process of buying a company? Which I believe is quite common.
If Moshiri's strategic decision to only hold 49.9% was to prevent an obligation to pay off the debt, then why has he then gone and paid the debt off anyway? Why didn't he just pay it off in the process of buying a company? Which I believe is quite common.
Dymak
Player Valuation: £40m
And I'm saying that he doesn't have to wait to see whether his get out clause needs to be employed before he buys the club. He could do it with ease through making an offer to a minority shareholder that they could not refuse, but it seems that he wants to keep his get out clause in tact from what you are saying.
The Esk
Player Valuation: £70m
There is no get out clause , and I refer you to my point that nobody buys half a company just to maintain the status quo - something I have written about at length if you look at the various front page articles published on this site.
Successful businessmen dont normally tend to overpay for things for no reason.
We should get Geri doing that.
....I wonder if it's a coincidence but after a weekend where we avoided defeat and saw the Reds lose there is a concentration of threads regarding club governance, sponsorship etc as opposed to team performance.
Dymak
Player Valuation: £40m
How would acquiring a few shares in order to gain control of the club be considered overpayment? We were told that the reason he didn't purchase 50% was because it would oblige us to pay the debt off. Well the debt has been paid off now, just after the first tranche of the TV money came our way as it happens, so what's the problem? Why does he have to wait to see if he needs his get out clause before buying EFC?