New owner confirmed…

And the longer this goes on...the longer mccant has to starve us of points.

 

My opinion and it is only an opinion is that when the sale is confirmed we as a club and supporters will be going down a path we never ever thought we would, the possibilities and acquisitions the new owners will bring and the future development of the club and avenues to Europe they can exploit can perhaps finally mean that we have someone owning the club that actually has a dream themselves.

 

The dotless <ı> in Turkish is basically an unrounded /u/. The IPA symbol is [ɯ]. Trying pronouncing the ‘oo’ in ‘boot’, but without rounding your lips.

 

You must be saying this based on some understanding of the finances behind the consortium? Or is this you just getting swept up in the excitement of it all?

 

I did say it was an opinion.

 

Agreed "in principle" only. Did u just read the 1st 3 short paragraphs then give up?

 

Sure but an opinion based on what?

 

On what i believe.

 

Do you understand what 'in principle' means? If you're going to be snippy I will be too.

It's also amazing how some bounce from rubbishing reports in newspapers to taking them as gospel when it suits the agenda.

 

Haha ok I think you're either deliberately missing my point or just unable to say anything, fair enough.

 

Spot on, the longer it drags on the more damage Mr 433 can inflict on us , the Allams are not stupid hence the 3 seasons clause in the buy out does not come into action till next season.

 

Have any other owners that have sold put this promotion clause in before .
It's like selling your house and saying to the buyers that if the house increases by £50,000 in the next 5 years you have to give me £15,000.

 

The Allams will certainly not want us to go down it would not be in their best interests, as for McCant they may very well not be able to get rid as we do not know if the new owner may have someone already lined up so what would be the point in paying him off and bringing someone else in that would not be staying either.

 

It doesn't sound that strange to me. Don't know why it's such a big deal for people. Obviously I'd rather they got £0 and a kick in the cock, but if it gets rid of them I won't lose sleep over them getting a good price.

 

Well it's more like selling a business and guaranteeing a percentage of future profits, which some businesses do.

 

Like a transfer really agree a price with add ons which is usual, only difference is we hope the club does not do a Bullard once it's finalised.

 

That's quite common in commercial land/property deals, it's called an overage clause.

 

I just bought one of those to keep my beers in.

 

I don’t know about the football bit, but the second bit is common in commercial property deals. Particularly so when the vendor has lost interest or is short of cash and is expecting the buyer to submit and get planning permission for something that will massively increase the value of the land.

So the clause would be something like if the buyer sells on within 1 year then the original seller gets 50% of the uplift in value, then 45% if the sale’s in year 2, down to nowt after 10 years.

Speaking as a former buyer in this example, you tailor your plans around how long you think it’s all going to take and negotiate accordingly. If the reports are correct and ours is £20M depreciating over 4 years I’d guess they hope to steady the ship, consolidate and then go up in 3-4 years.