CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Crusader Royal]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Without legal intervention of some sort, I expect the latter.

Unless he has some sort of Power of Attorney already set up for him, with his sister or Pang for example

Isn’t it simple good practice for any business not to be reliant on one person for ultimate control ? Losing your CEO /whatever is not uncommon and you have a plan in place that means someone else gets executive powers in their absence / incapacity,
So highly unlikely Dai has this in place but we’re not his only business ….

[stealthpapes]

If thats true, that is the most stupid thing I have ever read in the context of one Party selling to another Party; obviously, when you are selling you do everything to inflate the value of whatever it is you are selling, be it a house, a car or a football team. Shockingly amateur behaviour; schoolboy error doesn't begin to cover it!

Not sure that makes sense. Houses are often marketed as being ‘recently reduced from…..’ and a decent estate agent won’t inflate the price beyond what they know they can sell it for. Of course one tactic is to make something look more valuable than it is so people are drawn in by what looks like a bargain price even though what they end up paying is actually more than it’s true value. We are bombarded by adverts offering something ‘worth’ £50 but available for a limited time for ‘just’ £9.99.
In general though the sale process does seem to be an utter shambles and had they thought of employing a schoolboy to run it we may be in a better position than we are now.

Yeah, surely what you actually do is try to get the highest price possible, whilst implying how cheap that price is. But I've never worked in sales.

I got about halfway through this but then I saw that you had as well.

[stealthpapes]

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Without legal intervention of some sort, I expect the latter.

Unless he has some sort of Power of Attorney already set up for him, with his sister or Pang for example

I’d imagine his assets would be seized by somebody or other. Prob the Chinese govt

It’s all such a tiresome mess. It might make a great documentary one day but utterly sick of the whole thing at the moment

Can they not send some other Great Bunch of Lads over to run the club?
You know the chinese roads in Ghana, as they're the smooth ones.

[Mid Sussex Royal]

Yuan the local MP is trying to contact Dai and sister via the Chinese embassy in London to set up a meeting.

[Readingfanman]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Technically, any director can sign off on the sale of a company. Doesnt need to be the "main guy" so to speak.

[Snowflake Royal]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Technically, any director can sign off on the sale of a company. Doesnt need to be the "main guy" so to speak.

Then why hasn't our Thai been a hero and just signed off the sale behind Dai's back?