Takeover (Covid-19/20)

Discussion in 'Newcastle United' started by RobEllious, Mar 30, 2020.

  1. Sheikh_of_Araby

    Sheikh_of_Araby Well-Known Member

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    Not at all. The vendor purchase loan, the purpose of the charge, includes financial penalties obtained from the assets of PCP, in the event that they withdraw/ fail to complete.

    Given that St James Holdings are in law, the owners of NUFC and that is the only property it owns, then a failure to complete the sale due to withdrawal, is a trigger event to obtain assets of circa £17 million from PCP Capital Holdings.
     
    #30561
  2. Geordieginola

    Geordieginola Well-Known Member

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    I have. This started in March. We are nearly 1 year down the road and it’s not happened. There’s resilience and there’s blind faith!
     
    #30562
  3. Geordieginola

    Geordieginola Well-Known Member

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    Jesus Christ..... The legal charge was drafted WHEN they thought it was going to sail through and they thought at the time it was a formality from the PL angle. That all changed but the charge remained.

    PIF pulled out because they couldn’t get it passed and thus the charge comes into force. Or if we are led to believe PIF have NOT pulled out but have said to MA you theoretically have 17m to get this deal done. Knock yourself out pal.

    Either way PIF have either lost out on 17m (chicken feed to them) or they get the club.
     
    #30563
  4. Rafman

    Rafman Active Member

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    When the transfer window is closed. As is per usual with Ashley.
     
    #30564
  5. Sheikh_of_Araby

    Sheikh_of_Araby Well-Known Member

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    The charge was drafted in April last year when they reportedly received assurances that all was well. Staveley's words.

    Now, we have no idea who put up the £17 million. What is clear is that the charge is against Staveley's assets. Not PIF's. Not the Reubens. If Staveley had received assurances from the PL that everything would go through and agreed to that charge against her own assets, and she has now had to pay that, because of PL conduct, you could argue misrepresentation giving her a case to sue the PL for financial loss.

    That appears to be the purpose of that charge. To ensure thst the deal was completed. The only legal case is NUFC's.
     
    #30565
  6. captain wrong

    captain wrong Well-Known Member

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  7. Roland Deschain

    Roland Deschain Well-Known Member

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    #30567
  8. Darren Peacock's Ponytail

    Darren Peacock's Ponytail Well-Known Member

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  9. Sheikh_of_Araby

    Sheikh_of_Araby Well-Known Member

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    Frank Pungel is being brought in to help our strikers.
     
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  10. Geordieginola

    Geordieginola Well-Known Member

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    Im
    I’m
    Not
    Available
    While
    Steve
    Is
    At
    The
    Club
     
    #30570

  11. Geordieginola

    Geordieginola Well-Known Member

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    Who’s he?
     
    #30571
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  12. Geordieginola

    Geordieginola Well-Known Member

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    Your last paragraph is right and probably was at the request of Ashley. To ensure he wasn’t being pissed about.

    Fact is and still remains is that the charge or the recent filings have no impact on the takeover. It just proves a company exists. Nothing more and nothing less.

    The released statements from the government and the timing of them is quite intriguing mind. That they cannot release information because of sensitive information and relations with saudi.

    Ive actually got a feeling that the arbitration will fall
    In favour for the O and D test to be passed.

    Simple question! PIF pulled out but the PL did not actually block the deal. So if arbitration wins then the takeover resumes at the point where it was left off?

    Meaning as soon as Arbitration result comes through it won’t take long at all, possibly days for things to be concluded.
     
    #30572
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  13. Sheikh_of_Araby

    Sheikh_of_Araby Well-Known Member

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    Are we 100% convinced PIF pulled out or do you think it was a bluff? I suspect they may have stepped into the background knowing Ashley would take the PL to court.

    Everything points to a positive outcome. I personally think the PL are ****ed.
     
    #30573
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  14. Geordieginola

    Geordieginola Well-Known Member

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    They did release a statement to the effect that they pulled out because of economic reasons which you can take with a pinch of salt because we all know why they pulled out and we also know what happened afterwards. So it was just a polite way of stepping back.

    I have to say them do seem extremely professional mind.

    I would just love to know how long the Arbitration takes. All cards are now on the table and every man and his dog knows it should fall in favour of MA so how long do the PL drag it out or can they do that?
     
    #30574
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  15. Geordieginola

    Geordieginola Well-Known Member

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    Can’t see anything on who this is. So here’s my spin on it. SB is head coach. And from what people say he’s actually a good coach. But not a manager.

    So leave him to do the coaching and get a manager in to do the rest?

    Or could it be a director of football?
     
    #30575
  16. captain wrong

    captain wrong Well-Known Member

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  17. Geordieginola

    Geordieginola Well-Known Member

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    How do you read it all. I’m not a subby!
     
    #30577
  18. Sheikh_of_Araby

    Sheikh_of_Araby Well-Known Member

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    There are timescales involved and given the PL released a letter stating arbitration was starting back in December, I think we are well into it.

    Both parties signed a confidentiality agreement hence why there are no further leaks. I think it is probably going on right now and potentially reaching the latter stages.
     
    #30578
  19. Roland Deschain

    Roland Deschain Well-Known Member

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    DoF could have an impact and theoretically it could be someone like Ginola or even Wenger saying "you need help, I'm willing to do it". A decent one could have a lift but surely puts paid to any notion a takeover is imminent, and in addition is a ****ing bizarre statement of support for Bruce.
     
    #30579
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  20. Darren Peacock's Ponytail

    Darren Peacock's Ponytail Well-Known Member

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    Or the buyers have told MA to sort it out
     
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