End of Moshiri - Friedkin, APPROVAL AGREED
Re: 777 Partners Takeover
Apparently the prem don't actually reject, it's either approved or not, with no rejection status.
So we're sat in limbo until we or 777 pull the plug.
So we're sat in limbo until we or 777 pull the plug.
Re: 777 Partners Takeover
Sounds like what happened with Newcastle and the Saudis.
So they just don't approve things, they just give advice and ask for more information until people get fed up or can't provide the info and withdraw. Actually makes sense in a legal sense, because the PL don't approve the ownership of teams getting promoted, so why would they have the right to say who runs clubs already there?From 2020 wrote:In response, the League said on Thursday: “The club’s assertion that the Premier League has rejected the takeover is incorrect. The Premier League has, on a number of occasions, given its opinion about which entities it believes would have control over the club should the consortium proceed with the acquisition. That opinion is based on legal advice.
“That means the takeover could proceed to the next stage, should the relevant parties provide all appropriate information. They would then be subject to a suitability assessment by the board (of the Premier League). As an alternative, the board has repeatedly offered arbitration as a way forward since June.”
Re: 777 Partners Takeover
Think this lot wont get the deal done. Hopefully somebody competent is waiting in the wings
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Bluedylan1
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Re: 777 Partners Takeover
We kinda need this mystery other bidder, if they even exist, to kind of maybe show their hand a bit now.
Re: 777 Partners Takeover
Other bidders probably waiting, puts Moshiri in an even worse spot if this drags on and falls through.
These jokers are the only ones that have offered enough for him to walk away with his money. We have too much debt and aren't worth enough.
These jokers are the only ones that have offered enough for him to walk away with his money. We have too much debt and aren't worth enough.