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Post by Topper Gas on Aug 6, 2019 6:21:19 GMT
It seems everybody on Twitter seems to know who the third party is! Who is this mystery person who re-commenced talks with the UWE then turned to the Fruit Market when they failed? The correct spelling is 'twatter'. It's for twats. I wish the "twats" would say who the third party is then, I assume he/they must have some existing Rovers connections to keep on plugging away with stadium deals. |
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Post by Deleted on Aug 6, 2019 6:41:11 GMT
Wael said in an interview that experts were doing due diligence on Uwe, after he took over. It was done after, then we pulled out. He said this a few times. My point was Due diligence takes place prior to a takeover not after its completed: "a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential." Topper - I think many on here know the term Due Diligence, but they don't really understand what it entails. I have worked on DD on some of the biggest IT Outsourcing deals in history, including JP Morgan and DuPont. |
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Post by gasandelectricity on Aug 6, 2019 6:50:16 GMT
Wael said in an interview that experts were doing due diligence on Uwe, after he took over. It was done after, then we pulled out. He said this a few times. My point was Due diligence takes place prior to a takeover not after its completed: "a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential." They could have done due diligence on the club and taken the UWE deal at face value. Besides, they clearly already wished to renegotiate. |
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Post by Deleted on Aug 6, 2019 6:52:37 GMT
Yes the plans were in place and Wael told us the finance was in place and then after due diligence realised NH had agreed a deal that was not in the financial interest of the club. Our owners continued to try and get a better deal from UWE without success and finally pulled the plug. They have now come up with their own plan, time will tell if they will be successful. That's how I see it, your perfectly entitled to your opinion oldgas about our present owner, I have mine. Why do you post as if you know what you are talking, due diligence takes place before a deal is agree not afterwards! Regardless NH's deal died when we lost the Sainsbury's case. It was a third party who tried to save the UWE deal likewise it's a third party trying to agree a deal with the Fruit Market owners. Wael, at best, is a bit part player not the main man. Wael and his family bought our football club off of NH did it not? No doubt due diligence was carried out on that purchase. Along with it came a failed deal to build a new stadium and no doubt they had hoped to ressurrect it. Quite obviously when they delved deeper into the deal, it did not make financial sense to them and it was even said by some UWE had played hard ball over certain terms. Indeed I was told about a ridiculous percentage of match day takings was wanted by them and posted that on here. Your the last person on here to be slagging off other posters after some of the ridiculous posts you have made on here over time, so I will stand by what I have posted and not bow down to your self proclaimed superior knowledge. |
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Post by Deleted on Aug 6, 2019 7:10:37 GMT
My point was Due diligence takes place prior to a takeover not after its completed: "a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential." They could have done due diligence on the club and taken the UWE deal at face value. Besides, they clearly already wished to renegotiate. Exactly. It should be quite clear to anybody that Nick Higgs claimed Sainsbury's were going to pay BRFC was it not £35 million, to buy the Mem site and we were going to build a stadium with that money and it would not cost the club a penny and the club would have been debt free. Suddenly that collapses and NH desperately claims a watertight deal and ends up taking out a pay day loan to pay legal costs for a failed folly. He then has to sale the club, new owners come in knowing a stadium planning permission is in place. However they have to fund this themselves, more due diligence is done and the figures don't add up. They try to get a better deal, UWE play hardball and we eventually pull out. That's how I see it. All this talk about third parties, Ed Ware etc etc is pure fantasy as far as I am concerned as I have never seen anything concrete in the media to confirm it. Some are even claiming Wael is riding on the back of a third party regarding this new deal, I would suggest Waels bank have attracted investors to fund any fruit market deal. |
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Post by Topper Gas on Aug 6, 2019 7:29:49 GMT
They could have done due diligence on the club and taken the UWE deal at face value. Besides, they clearly already wished to renegotiate. Exactly. It should be quite clear to anybody that Nick Higgs claimed Sainsbury's were going to pay BRFC was it not £35 million, to buy the Mem site and we were going to build a stadium with that money and it would not cost the club a penny and the club would have been debt free. Suddenly that collapses and NH desperately claims a watertight deal and ends up taking out a pay day loan to pay legal costs for a failed folly. He then has to sale the club, new owners come in knowing a stadium planning permission is in place. However they have to fund this themselves, more due diligence is done and the figures don't add up. They try to get a better deal, UWE play hardball and we eventually pull out. That's how I see it. All this talk about third parties, Ed Ware etc etc is pure fantasy as far as I am concerned as I have never seen anything concrete in the media to confirm it. Some are even claiming Wael is riding on the back of a third party regarding this new deal, I would suggest Waels bank have attracted investors to fund any fruit market deal. Suggest you check your facts, you've clearly no idea what the term due diligence refers to and Alister Durden confirmed yesterday the FM bid came from a third party. |
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Post by Henbury Gas on Aug 6, 2019 7:31:23 GMT
My point was Due diligence takes place prior to a takeover not after its completed: "a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential." Topper - I think many on here know the term Due Diligence, but they don't really understand what it entails. I have worked on DD on some of the biggest IT Outsourcing deals in history, including JP Morgan and DuPont. Smart Git  |
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Post by gasman on Aug 6, 2019 7:36:10 GMT
So whos bought the Gulliver's site last month which is next to market I don’t know, but that site was for sale at around £3.25m & was just over 4 acres. Might give a guide to the cost of land purchase price in the area Checking companies house, it looks like it was sold 17 June 2019 for 5.5m, find out who purchased that we might get an understanding who and whats going on in that area. |
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Post by trevorgas on Aug 6, 2019 7:53:01 GMT
Topper - I think many on here know the term Due Diligence, but they don't really understand what it entails. I have worked on DD on some of the biggest IT Outsourcing deals in history, including JP Morgan and DuPont. Smart Git I worked on the Halifax/Bank of Scotland takeover by Lloyds and there was little or no DD there!! |
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Deleted
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Post by Deleted on Aug 6, 2019 7:55:28 GMT
Exactly. It should be quite clear to anybody that Nick Higgs claimed Sainsbury's were going to pay BRFC was it not £35 million, to buy the Mem site and we were going to build a stadium with that money and it would not cost the club a penny and the club would have been debt free. Suddenly that collapses and NH desperately claims a watertight deal and ends up taking out a pay day loan to pay legal costs for a failed folly. He then has to sale the club, new owners come in knowing a stadium planning permission is in place. However they have to fund this themselves, more due diligence is done and the figures don't add up. They try to get a better deal, UWE play hardball and we eventually pull out. That's how I see it. All this talk about third parties, Ed Ware etc etc is pure fantasy as far as I am concerned as I have never seen anything concrete in the media to confirm it. Some are even claiming Wael is riding on the back of a third party regarding this new deal, I would suggest Waels bank have attracted investors to fund any fruit market deal. Suggest you check your facts, you've clearly no idea what the term due diligence refers to and Alister Durden confirmed yesterday the FM bid came from a third party. Suggest you check your facts, Strange how many likes of my posts I get, no doubt from all those people you regard as wrong as you sir are always right. It's not unusual for offers to be made by third parties on behalf of people who do not wish to be named at that point. |
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Post by Deleted on Aug 6, 2019 7:55:55 GMT
Why do you post as if you know what you are talking, due diligence takes place before a deal is agree not afterwards! Regardless NH's deal died when we lost the Sainsbury's case. It was a third party who tried to save the UWE deal likewise it's a third party trying to agree a deal with the Fruit Market owners. Wael, at best, is a bit part player not the main man. Wael and his family bought our football club off of NH did it not? No doubt due diligence was carried out on that purchase. Along with it came a failed deal to build a new stadium and no doubt they had hoped to ressurrect it. Quite obviously when they delved deeper into the deal, it did not make financial sense to them and it was even said by some UWE had played hard ball over certain terms. Indeed I was told about a ridiculous percentage of match day takings was wanted by them and posted that on here. Your the last person on here to be slagging off other posters after some of the ridiculous posts you have made on here over time, so I will stand by what I have posted and not bow down to your self proclaimed superior knowledge. Imagine being accused of posting on a subject you know nothing of or understand, then looking up and realising it was Topper. Best post of the thread thus far. |
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Post by edotb on Aug 6, 2019 7:58:38 GMT
its practically begging to be knocked down
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Post by faggotygas on Aug 6, 2019 7:59:25 GMT
I don’t know, but that site was for sale at around £3.25m & was just over 4 acres. Might give a guide to the cost of land purchase price in the area Checking companies house, it looks like it was sold 17 June 2019 for 5.5m, find out who purchased that we might get an understanding who and whats going on in that area. Guessing it won't be on the Land Registry for a bit |
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Post by Deleted on Aug 6, 2019 8:03:43 GMT
Smart Git I worked on the Halifax/Bank of Scotland takeover by Lloyds and there was little or no DD there!! Wasn't that because Lloyds were basically told by the government to buy them? |
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Post by stokegiffordgas on Aug 6, 2019 8:08:26 GMT
Pretty much
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Post by trevorgas on Aug 6, 2019 8:08:39 GMT
I worked on the Halifax/Bank of Scotland takeover by Lloyds and there was little or no DD there!! Wasn't that because Lloyds were basically told by the government to buy them? Ah bit more interesting than that,if you recall there were big acquisitions happening all over the place and Lloyds were itching to join the party,when Alistair Darling offered it for nothing to Lloyds they didn't draw the conclusion it was to good to be true and it was,too many egos in play. Only my view of the events. |
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yattongas
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Post by yattongas on Aug 6, 2019 8:31:58 GMT
Suggest you check your facts, you've clearly no idea what the term due diligence refers to and Alister Durden confirmed yesterday the FM bid came from a third party. Suggest you check your facts, Strange how many likes of my posts I get, no doubt from all those people you regard as wrong as you sir are always right. It's not unusual for offers to be made by third parties on behalf of people who do not wish to be named at that point. Dwayne sports ? |
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Post by amgas on Aug 6, 2019 8:36:25 GMT
Having worked on delivery of IT outsource contracts all my life including for both those customers, I would not be too proud of the level of Due Diligence done on a typical IT Outsourcing.
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Post by Deleted on Aug 6, 2019 8:41:45 GMT
Everyone’s gone bananas if they think this will happen 🍌🍌🍌 Peach of an idea though berry exciting, pick your own conclusion to all this. 😂 I heard we are signing Micky Mellon to sort this out. |
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Marshy
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Post by Marshy on Aug 6, 2019 8:43:42 GMT
Suggest you check your facts, Strange how many likes of my posts I get, no doubt from all those people you regard as wrong as you sir are always right. It's not unusual for offers to be made by third parties on behalf of people who do not wish to be named at that point. Dwayne sports ? Dwayne Johnson, were stuck between a rock and a hard place. |
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