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Post by Topper Gas on Feb 19, 2016 8:44:33 GMT
Assuming JM hasn't just pasted & posted Gasincider's posts together then well done to GI for breaking this news, but is this a done deal, if how much do they intend investing in the club, or are the Jordanian's just coming over to watch us play and have a good chat with NH & co about a potential deal? Is that news conference still set for later today?
I assume our potential new owner is the one who started following Fanboy etc on twitter, if so, he really gave the game away a few months ago?
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Post by bstokegas on Feb 19, 2016 8:45:25 GMT
So is there a press conference today? The BEP just say talks in an advanced stage which would suggest not?
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Post by Topper Gas on Feb 19, 2016 8:48:00 GMT
Unfortunately guys this is not the deal you believe it to be - the current Board stay on - and a scaled down UWE with little money for DC (or his replacement) At least the Wonga loan will get repaid on time. Unless a deal's already been signed then it's surely time now for the other consortium to go public with their own offer, if they don't then there's no real evidence a better deal actually exists for the club? Although what is a scaled down UWE reduced capacity of just the gym etc not fitted out given new pp will have to be sort for the former?
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Post by Hugo the Elder on Feb 19, 2016 8:49:26 GMT
Unfortunately guys this is not the deal you believe it to be - the current Board stay on - and a scaled down UWE with little money for DC (or his replacement) At least the Wonga loan will get repaid on time. Unless a deal's already been signed then it's surely time now for the other consortium to go public with their own offer, if they don't then there's no real evidence a better deal actually exists for the club? Although what is a scaled down UWE reduced capacity of just the gym etc not fitted out given new pp will have to be sort for the former? Agreed, they need to get their Dam skates on now before it's too late.
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Post by Dirt Dogg on Feb 19, 2016 8:49:50 GMT
WE ARE FOOKING LOADED!
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Post by pirate49 on Feb 19, 2016 8:50:12 GMT
If it's an investment rather than a takeover we may well see all the old faces smiling down at us from Box 1 for a while yet.
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Post by Captain Jayho on Feb 19, 2016 8:50:24 GMT
Unfortunately guys this is not the deal you believe it to be - the current Board stay on - and a scaled down UWE with little money for DC (or his replacement) At least the Wonga loan will get repaid on time. Not doubting you at all but it seems a bit odd that they'd send a family member over to run the club if it was just a small investment. Can't believe he'll just be coming here to eat pasties and watch a couple of games of League 2 football. They take over HSBC in the world of business but they watch league 2 football in their spare time! Unless he's making us a feeder club for Chelsea of course...
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Post by therovers on Feb 19, 2016 8:51:39 GMT
Unfortunately guys this is not the deal you believe it to be - the current Board stay on - and a scaled down UWE with little money for DC (or his replacement) At least the Wonga loan will get repaid on time. Not doubting you at all but it seems a bit odd that they'd send a family member over to run the club if it was just a small investment. Can't believe he'll just be coming here to eat pasties and watch a couple of games of League 2 football. They take over HSBC in the world of business but they watch league 2 football in their spare time! Unless he's making us a feeder club for Chelsea of course... WHAT!? Take over HSBC? They're that big!?
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Post by Antonio Fargas on Feb 19, 2016 8:51:48 GMT
Unfortunately guys this is not the deal you believe it to be - the current Board stay on - and a scaled down UWE with little money for DC (or his replacement) At least the Wonga loan will get repaid on time. Yeah, from what we know, this could just be as mundane as a loan from AJIB, with a rep from AJIB on the board making sure we don't waste all their money, like we've wasted others. But, if it gets the UWE built and the control of UWE at the club, then it's gotta be good. Even if it takes a while to repay AJIB, it is still better for our prospects. I guess the danger is if UWE doesn't generate enough extra income to cover its cost. But that would be pretty impressive incompetence.
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Post by Topper Gas on Feb 19, 2016 8:51:53 GMT
Calm down Nick, what about the club?
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Post by Gasshole on Feb 19, 2016 8:53:17 GMT
Unfortunately guys this is not the deal you believe it to be - the current Board stay on - and a scaled down UWE with little money for DC (or his replacement) At least the Wonga loan will get repaid on time. Are we not going to the Champions league then? Defo sort out the Grotto and PA system though.
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Post by simon1883 on Feb 19, 2016 8:54:31 GMT
Can a mod, Hugo? Please change the thread title? I keep thinking Al-Qaeda have taken us over.....
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Post by Dirt Dogg on Feb 19, 2016 8:54:32 GMT
Calm Nick, what about the club? Bollocks, my cover has been blown
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Post by therovers on Feb 19, 2016 8:55:18 GMT
Unfortunately guys this is not the deal you believe it to be - the current Board stay on - and a scaled down UWE with little money for DC (or his replacement) At least the Wonga loan will get repaid on time. Are we not going to the Champions league then? Defo sort out the Grotto and PA system though. i was getting ready to book me flights to Barcelona!!
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Post by gasincider on Feb 19, 2016 8:57:49 GMT
I think that is now the issue. Assuming we lose the court case, and with £10m+ debts, where is our stadium? Or even, where is our better team?
This has to be just an investment, and I would bet the incorrect shareholding figures disclosed the other day were the situation after this all happened. This will mean NH and co will remain, but if they do, I hope they let the Jordanians run it. We've all surely had enough of being run like a banana republic.
If so, what will we get for 38% of our club? I can't believe it will be a new stadium or team because to do all that surely they would want to take us over. Be careful what we wish for.
As I understand it even now, the original consortium have not gone away. They were going to publically declare they would build the UWE and invest a lot of money in the playing side. So sadly, but hopefully, this may not be over yet.
But if they don't come out now it will be all over.
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Deleted
Deleted Member
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Post by Deleted on Feb 19, 2016 8:58:03 GMT
Remember the same paper ran a similar story 5 months ago. Will you apologize when it's on the OS? Don't hold your breath!
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Post by Captain Jayho on Feb 19, 2016 8:58:00 GMT
Not doubting you at all but it seems a bit odd that they'd send a family member over to run the club if it was just a small investment. Can't believe he'll just be coming here to eat pasties and watch a couple of games of League 2 football. They take over HSBC in the world of business but they watch league 2 football in their spare time! Unless he's making us a feeder club for Chelsea of course... WHAT!? Take over HSBC? They're that big!? Yes, they acquired HSBC's operations in Jordan. www.ajib.com/en/content/arab-jordan-investment-bank-ajib-successfully-completes-acquisition
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Post by simon1883 on Feb 19, 2016 8:58:18 GMT
Is this just some form or refinancing? If so, why is it more favourable than selling up?
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Post by Gasshole on Feb 19, 2016 8:58:30 GMT
Are we not going to the Champions league then? Defo sort out the Grotto and PA system though. i was getting ready to book me flights to Barcelona!! Let's go now we don't want to get locked out like at Woking again.
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Post by Finnish Gas on Feb 19, 2016 8:59:30 GMT
The Power List: Where Wealth And Influence Lie In Jordan’s Business World ABDULKADER AL-QADI FAMILYPROMINENT INDIVIDUALS: Abdulkader Abdullah al-Qadi, Chairman of the Arab Jordan Investment Bank PLC (AJIB), Hani Abdulkader al-Qadi, AJIB CEO and General Manager. MAIN SECTORS: Banking and tourism. WHY THEY MATTER: With its takeover of HSBC’s assets in Jordan, AJIB has become a banking force to be reckoned with. Abdulkader Abdullah al-Qadi started his career in Qatar, where he acted as a financial adviser to senior officials. He then came back to Jordan to establish the Arab Jordan Investment Bank (AJIB) in 1978. AJIB has a banking arm based in Qatar, the Arab Jordan Investment Bank (Qatar) L.L.C., which was founded in 2006 to serve clients in the Gulf region. It also has two subsidiaries; the United Arab Jordan Company for Investment and Financial Brokerage and the Arab Advisors Group, a research and consulting company. Abdulkader al-Qadi is a main shareholder with 17.6 percent. His sons—Hani, Samer, and Wael—are also prominent shareholders with combined shares of 13.5 percent. The bank’s growing importance in Jordan’s banking sector is clear with the list of shareholders including the Libyan Foreign Bank (12.79 percent), the Arab Investment Company (10.25 percent), Sheikh Hamad bin Jassim bin Jaber Al Thani (9 percent), and Jordan’s Social Security Corporation (4 percent). AJIB’s investment capabilities have contributed to its growth locally and regionally. A major new $1.2 billion deal to acquire HSBC bank’s assets in Jordan proved the bank is a powerhouse and a force to be reckoned with. Following the agreement, AJIB decided to raise the bank’s capital to JD150 million, from JD100 million. Under the takeover plan, which is due to be completed by May-June of this year, AJIB will take on HSBC’s 36,000 retail and 2,000 corporate customers, as well as most of the bank’s 250 full-time employees. Commenting on the deal, Hani al-Qadi said the acquisition was part of AJIB’s growth strategy, and the business acquired complemented the bank’s existing product line and consolidated its market share in the Jordanian market. Abdulkader al-Qadi and his sons are also major shareholders in the Mediterranean Tourism Investment company which owns the lavish Four Seasons Hotel Amman. Abdulkader al-Qadi is the company’s chairman. www.venture-mag.com/index.php?option=com_k2&view=item&id=675:the-power-list-where-wealth-and-influence-lie-in-jordan%E2%80%99s-business-world&Itemid=3
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