Latest Takeover Rumour. The Moores / Noell one

[Woolly Blue]

My guess that what we do with OUR money as a club, has nothing to do with anybody else.

Not being funny here, just cant see what its got to do with "potential" new owners.

That's naive though.

If you were selling a house, had a potential buyer come round who's obviously interested, and you were thinking of ripping out the downstairs loo ( hark at me, posh wool ) and knocking through to the kitchen to make a bit more room, I reckon you'd sound them out to see what they thought of the idea ?

 

[Goat]

It would probably affect the selling price.

But thats the last stage.

 

[steken1]

They have made no statement either confirming or denying Moores' and Noell's interest.

Ah, didn't know that.

 

[JimmyJeffers]

Lad on toffeeweb saying its a done deal and the Americans are flying in next week to finalise. He also describes moores as:

'Fun loving Texas nerd who is well liked by his employees. Working on some new IT project that could potentially make him a mess of new money. Purchased the San Diego baseball team in 1996 and took them to the world series 4 yrs later. He also helped build a beautiful new stadium in downtown San Diego. He was supposedly looking to buy an NFL team but they are too pricey.'

Not sure what exactly a 'mess of new money' means but there you go

 

[steken1]

The club have said nothing mate.

If it falls through, then I doubt they'll be able to say anything over and above something like "A party expressed interest in taking over the club but, unfortunately, an agreement wasn't reached and we're not able to comment beyong that"... if that even.

That might seem wrong, but that's how non-disclosure agreements work. It's just the way of the world so there'd be no point in fuming about it if it ends up like that.

Wooly, I'd be amazed if we were sold, astonished.

There's just no logical reason why when we're a massively useful pawn in bigger games and the league money keeps rocketing up.

I may be reading the clubs actions wrong but nothing we have done actually says we're trying to sell.

 

[Chang Elephant]

If it falls through I reckon the board will say something like - "sorry lads we're asking a shedload for our shares and even greedy rip off Yank sharks don't think they can make it pay at this purchase price. No doubt you share our disappointment at not making this killing on our original share purchase as after all we are businessmen and here to extract maximum profit"

 

[The Esk]

Lad on toffeeweb saying its a done deal and the Americans are flying in next week

Not shooting the messenger - you or the guy on toffeeweb, but if it's a done deal, those guys will be on the plane straight away, no-one who has an agreement says "ok let's get together next week", you say " whilst our lawyers work with your lawyers, we're on an over night plane, see you in the morning".

 

[Woolly Blue]

Wooly, I'd be amazed if we were sold, astonished.

There's just no logical reason why when we're a massively useful pawn in bigger games and the league money keeps rocketing up.

I may be reading the clubs actions wrong but nothing we have done actually says we're trying to sell.

Who knows mate ?
Moores and Noelle are going to be mighty p'd off if Earl, Kenwright and Woods have been stringing them along though.

 

[Dario Terracotta]

it's happening,it's not happening,it's happening,it's not happening,it's happening,it's not happening,it's happening,it's not happening,(adopts foetal position,rocks gently and cries self to sleep)lol

 

[wm02]

Lad on toffeeweb saying its a done deal and the Americans are flying in next week to finalise. He also describes moores as:

'Fun loving Texas nerd who is well liked by his employees. Working on some new IT project that could potentially make him a mess of new money. Purchased the San Diego baseball team in 1996 and took them to the world series 4 yrs later. He also helped build a beautiful new stadium in downtown San Diego. He was supposedly looking to buy an NFL team but they are too pricey.'

Not sure what exactly a 'mess of new money' means but there you go

Think he must have bought the Padres in 1994--they were in the 1998 World Series. I still have the mental scars from the Mets losing to the Yankees in 2000.
Petco Park is beautiful though. No denying that.

 

[TheFinnFan]

Psd off kopites will come up with a story tomorrow...

 

[SerenityNigh]

Wooly, I'd be amazed if we were sold, astonished.

There's just no logical reason why when we're a massively useful pawn in bigger games and the league money keeps rocketing up.

I may be reading the clubs actions wrong but nothing we have done actually says we're trying to sell.

Don't let your bias ruin life for you

 

[SerenityNigh]

Not shooting the messenger - you or the guy on toffeeweb, but if it's a done deal, those guys will be on the plane straight away, no-one who has an agreement says "ok let's get together next week", you say " whilst our lawyers work with your lawyers, we're on an over night plane, see you in the morning".

Lining up the financing though? Been through several prolonged closings of a very different sort and none (yet) have failed due to lack of interest, but always lining up due diligence, confirming the correct price, and (sometimes) waiting on funding availability.

 

[The Esk]

Lining up the financing though? Been through several prolonged closings of a very different sort and none (yet) have failed due to lack of interest, but always lining up due diligence, confirming the correct price, and (sometimes) waiting on funding availability.

The assumption is the funding is in place

Have never been involved in a takeover/acquisition without knowing the funding is there, ready to go Big advantage as a purchaser to say "funding in place, we can close now"

 

[SerenityNigh]

The assumption is the funding is in place

Have never been involved in a takeover/acquisition without knowing the funding is there, ready to go Big advantage as a purchaser to say "funding in place, we can close now"

Yeah, I meant more the mechanics of moving it around. Surely Moores/Noell have thought that through, but sometimes it can still take a few days from the final domino to set in motion the funds. My experience is quite limited and probably vastly different than someone who manages their own money, but if it's a true consortium then there may be a final green light for individual players to put all the group funds in position to make the purchase.