by MmmMonsterMunch » 15 Mar 2012 12:11
by who are ya? » 15 Mar 2012 12:18
John Peel With new backers we'd have every chance of becoming an established Premiership club (mid-to-low-table).
by Tinrib » 15 Mar 2012 12:20
MmmMonsterMunch There are means & ways of hiding things....
by wingnut » 15 Mar 2012 12:41
by Tinrib » 15 Mar 2012 12:46
wingnut The Due Diligence process is more about TSI investig8ing the club's finances than the other way round.
by PistolPete » 15 Mar 2012 12:52
Tinribwingnut The Due Diligence process is more about TSI investig8ing the club's finances than the other way round.
Correct. We were discussing Anton & the FL's due diligence tho...
by Uke » 15 Mar 2012 12:55
by facaldaqui » 15 Mar 2012 12:55
MmmMonsterMunch Agreed - watching the Rangers story unfold I just hope & pray it doesn't happen to us.
by Uke » 15 Mar 2012 13:01
facaldaquiMmmMonsterMunch Agreed - watching the Rangers story unfold I just hope & pray it doesn't happen to us.
Apparently, there's no evidence that Craig Whyte ever put a ha'penny into Rangers, but we already have evidence of TSI putting money into Reading, and I expect the Mullins money comes from them too. If there were hitches in the deal, I don't think the Mullins loan would have happened.
by melonhead » 15 Mar 2012 13:06
PistolPeteTinribwingnut The Due Diligence process is more about TSI investig8ing the club's finances than the other way round.
Correct. We were discussing Anton & the FL's due diligence tho...
Correct too. The worry is more about whether JM will give up his baby rather than whether TSI are 'able to pass the 'fit and proper' persons test.
by Dare to Dr£am » 15 Mar 2012 13:10
TinribDare to Dr£amMmmMonsterMunch Reading this article still makes me slightly nervous..
CSI as opposed to TSI
Antonov as opposed to Anton
http://www.bbc.co.uk/sport/0/football/17365351
I really hope the the owners are fit for purpose & due diligence is thorough. Everything seems so rosy at the moment I am waiting for something bad to happen.
The Due Diligence process isn't worth a scrote! Zingarevich will fly through it without any problems. I'm sure something would have been leaked had there already been a problem with Stage 1, and that was submitted over 2 weeks ago now.
We just have to hope and pray AZ and TSI are the real deal and do have our best interests at heart, but sadly that is rarely the case in football.
Don't you think that JM would've already satisfied himself that all's Kosha about TSI, and the men behind it....
by MmmMonsterMunch » 15 Mar 2012 13:13
by MmmMonsterMunch » 15 Mar 2012 13:16
PistolPeteTinribwingnut The Due Diligence process is more about TSI investig8ing the club's finances than the other way round.
Correct. We were discussing Anton & the FL's due diligence tho...
Correct too. The worry is more about whether JM will give up his baby rather than whether TSI are 'able to pass the 'fit and proper' persons test.
by Dare to Dr£am » 15 Mar 2012 13:17
MmmMonsterMunch By all accounts the fit & proper persons test doesn't even exist & most of the donkey work is done by the club. The FL have minimal involvement. Quite worrying really. There should be a designated department at the FA / PL / FL whatever.... that has a financial audit background with the relevant qualifications that go through all these takeovers with a fine toothcomb.
by Hampshire Royal » 15 Mar 2012 13:30
UkefacaldaquiMmmMonsterMunch Agreed - watching the Rangers story unfold I just hope & pray it doesn't happen to us.
Apparently, there's no evidence that Craig Whyte ever put a ha'penny into Rangers, but we already have evidence of TSI putting money into Reading, and I expect the Mullins money comes from them too. If there were hitches in the deal, I don't think the Mullins loan would have happened.
Loaning money. not putting money
by Uke » 15 Mar 2012 13:38
by MmmMonsterMunch » 15 Mar 2012 13:40
by Terminal Boardom » 15 Mar 2012 13:40
by MmmMonsterMunch » 15 Mar 2012 14:00
Terminal Boardom What %age stake is SJM selling? That would be 51%. I am not his biggest fan but even I have confidence that he will not sell the club to a bunch of con men. After all, he would still hold a 49% stake in the club and I would expect that he would want to ensure that what is left of his investment is secure.
by Hampshire Royal » 15 Mar 2012 14:06
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