Gringo

a) has to put all bids to the shareholders has to accept the one, should be there be one, which takes the club forwards and meets the criteria laid down - such a bid HAS to be recommended to the shareholders for acceptance Dispute this as you know. No one can force someone to sell something they own. It is not fact. You are adding together the regulatory requirements, the rothschild fees and fiduciary duties. The comments from padfield show that ellis is trying to frame the sale in a way that suits him. Yes he's under pressure, yes he will lose this time, but he is not bound by stockmarket rules into selling to anyone of the bidders.

Maybe he was making the toast at cuddly's imaginary meetings.

Eh?

The paperwork may take a little longer, but control needs to be passed over and must be seen to be passed over. If Ellis screws this up he will be crucified.

He left his cheque book at home and has sent his chauffeur to go and pick it up.

like the cut of your jib b23, I think/hope/pray that time maybe near.

The only thing that surprises me is that someone thought far enough ahead to do that.

Put it this way, by the end of september either cuddly or MON will have gone. One way or another.

You get busy for a couple of days and the site goes ballistic. 40 pages in two days? Something must have happened?

I predict a riot.

lol at Jez ^^

Perhaps Mr Lerner has a few business interests in that area and it's easier to fly some of these people in.

Same here. The most imporatnt thing at the moment is to get O'Neill on board. I hope Ellis isn't just trying to avoid selling or playing bids off each other again. The most important thing for a long, long time has been the removal of Ellis.

Well I've sent him my CV. Told him I was willing to do it for the same wages as the previous chairman and would work just as hard.

Because with Villa, you can get nearly 60% of the shareholders in one very small room and get them to do the deal there and then. Once you have over 50% you have control and can do what you want. Yes you have to extend the offer to all the other shareholders and that can take a few weeks, months even if they have to commence a discovery process for the 'missing' shareholders.

i r o n y

Well doug has spent more than a £100m over the last few years - I'm sure he's mentioned it once or twice - and look where that got us. Money isn't the answer obviously.

For someone who is shit with shares is that a good increase in terms of taking over etc? It just reflects the sentiments of the market. If a bid is going to be succesful it will be at a price above 550p, so people buying now at 450 are gambling that a takeover will go through. Volumes are way too small for there to be an active buyer in the market sweeping up the shares.

£10 gladly paid. Blind squirrels etc.....

Thats what markets are good for, speculation. More likely supported by the stories in this morning's papers than any insider knowledge.

Don't think petchey's that interested in the football side of things.

Round and round again.

If the offer for the land has been on the table for over a year, then there is no need to complete sale for any buyer to see the true value and with an option to realise true value if that's where he wants to go. Now AVFC are committed to the deal and the cash don't come til xmas, so the o/draft is still there. Sacking the manager just increased the overdraft. I can think of quite a few clubs where a new owner has removed the manager on arrival. Struggling to think of any where the departing owner has sacked the manager on the way out. Not the action of someone selling. And the bid speculation. No sign of a serious bidder. By serious I mean aggressive, hostile. Any hostile takeover in the history of time (minor exaggeration) has involved stakebuilding by the aggressive party well in advance of making their intentions known. That's why the have rules on declaration of intentions at certain shareholding levels. So if no hostile bidder, then we have another AVIL inspired stalking horse. Will they cough up £65m and guarantee £20m per annum investment. This one should run til November time.

You CAN fool all of the people most of the time.

PP, I think we are still of like minds on this one. It's all a distraction.