hippo Posted June 11, 2015 Share Posted June 11, 2015 Well someone has exclusivity hippo, so it is very much 'on'. Exclusivity lasts 6 weeks but they don't necessarily need all 6 weeks to make their minds up. According to an earlier post, absolute best case is 2 weeks. Whether they buy or not is still up in the air. Let's hope due diligence doesn't unearth any surprises. Is the exclusivity definate ...or just a rumour ? Link to comment Share on other sites More sharing options...
Dodgyknees Posted June 11, 2015 Share Posted June 11, 2015 Club haven't denied it, which they would if it wasn't true. The club is up for sale and it'd be silly to allow the rumour to continue to stop other bids. Link to comment Share on other sites More sharing options...
Spoony Posted June 11, 2015 Share Posted June 11, 2015 Well someone has exclusivity hippo, so it is very much 'on'. Exclusivity lasts 6 weeks but they don't necessarily need all 6 weeks to make their minds up. According to an earlier post, absolute best case is 2 weeks. Whether they buy or not is still up in the air. Let's hope due diligence doesn't unearth any surprises. Is the exclusivity definate ...or just a rumour ? I'd say it's too widely spread to be a rumour. I would say it was probably leaked by the club because these things are generally very secretive and you wouldn't find out unless they wanted you to. Having worked on a few due diligence matters in the past, it's very hard to say how long it'll last because it depends on what they uncover and how far they want to investigate. It can't last too long though because there will be restrictions on the operation of the club during that period and it can get expensive. It is a big deal though because generally the exclusivity will form part of a heads of terms that will have been signed thrashing out the skeleton details of the sale/purchase of the club and parts of it will be legally binding already. Of course it depends what is uncovered, but generally speaking if all is well (and I suspect everything probably is all well), the sale will go through. 1 Link to comment Share on other sites More sharing options...
tonyh29 Posted June 11, 2015 Share Posted June 11, 2015 (edited) Well someone has exclusivity hippo, so it is very much 'on'. Exclusivity lasts 6 weeks but they don't necessarily need all 6 weeks to make their minds up. According to an earlier post, absolute best case is 2 weeks. Whether they buy or not is still up in the air. Let's hope due diligence doesn't unearth any surprises. Is the exclusivity definate ...or just a rumour ? I'd say it's too widely spread to be a rumour. I would say it was probably leaked by the club because these things are generally very secretive and you wouldn't find out unless they wanted you to. Having worked on a few due diligence matters in the past, it's very hard to say how long it'll last because it depends on what they uncover and how far they want to investigate. It can't last too long though because there will be restrictions on the operation of the club during that period and it can get expensive. It is a big deal though because generally the exclusivity will form part of a heads of terms that will have been signed thrashing out the skeleton details of the sale/purchase of the club and parts of it will be legally binding already. Of course it depends what is uncovered, but generally speaking if all is well (and I suspect everything probably is all well), the sale will go through. when a company I worked for under went due diligence we put loads of empty spare part boxes in our stock room to increase the value of the company as the auditors didn't open every single box .. anyone think Villa are going to stick some of the canteen staff in villa kits and try and pass them off as players ..oh wait we've got N'Zogbia for that Edited June 11, 2015 by tonyh29 4 Link to comment Share on other sites More sharing options...
juteface Posted June 11, 2015 Share Posted June 11, 2015 I would hope that the club is in good order and ready for due diligence since it's been on the market for quite some time. If I was selling I'd get everything in order and have the processes in place to keep it that way so when a buyer comes along, it goes smoothly. I suspect trimming wages etc was most likely part of this, personally I'm impressed we weren't relegated during that considering all aspects of the club were probably going through similar. Let's hope we know by July! Link to comment Share on other sites More sharing options...
dudevillaisnice Posted June 11, 2015 Share Posted June 11, 2015 Robin Bairner @RBairner Interesting report on FFP in Le Parisien. It claims Uefa will allow new owners four years free spending before FFP kicks in. (1/2) Robin Bairner @RBairner However, this would only applies to clubs taken over in future ie. not #PSG, Monaco or Man City. Would leave Uefa open to legal action (2/2) PL FFP is different of course but seems some changes are happening. Link to comment Share on other sites More sharing options...
KSV Posted June 11, 2015 Share Posted June 11, 2015 So wed have to buy messi straight away 4 Link to comment Share on other sites More sharing options...
Spoony Posted June 11, 2015 Share Posted June 11, 2015 So wed have to buy messi straight away He can help do our taxes 2 Link to comment Share on other sites More sharing options...
PieFacE Posted June 11, 2015 VT Supporter Share Posted June 11, 2015 Robin Bairner @RBairner Interesting report on FFP in Le Parisien. It claims Uefa will allow new owners four years free spending before FFP kicks in. (1/2) Robin Bairner @RBairner However, this would only applies to clubs taken over in future ie. not #PSG, Monaco or Man City. Would leave Uefa open to legal action (2/2) PL FFP is different of course but seems some changes are happening. Hmmm... so if the Man City owner decides to "sell" the business to his brother, they can then spend for 4 years? Then after those 4 years, his brother "sells" the business back to the original owner for 4 more years of spending... Link to comment Share on other sites More sharing options...
dudevillaisnice Posted June 11, 2015 Share Posted June 11, 2015 The idea is : subject to the acceptance of their applications and their business plan, a new wealthy owner can now fairly widely exceed the maximum allowable deficit without risking sanctions. To what extent? No limits to date in stone. This exemption will be valid for four seasons. In return, shareholders must absorb each year the losses of their clubs, follow the operating schedule drawn up in consultation with UEFA and then, after four years, back into line. This financial orthodoxy will be a possibility of derogation from the 2015-2016 season. It is available to new entrants, the great fortunes that come to buy a club, to invest heavily in the transfer market to integrate the Champions League ... and touch the stars as quickly as possible. http://www.leparisien.fr/psg-foot-paris-saint-germain/la-reforme-secrete-qui-fait-mal-au-psg-11-06-2015-4852013.php Link to comment Share on other sites More sharing options...
Dodgyknees Posted June 11, 2015 Share Posted June 11, 2015 Robin Bairner @RBairner Interesting report on FFP in Le Parisien. It claims Uefa will allow new owners four years free spending before FFP kicks in. (1/2) Robin Bairner @RBairner However, this would only applies to clubs taken over in future ie. not #PSG, Monaco or Man City. Would leave Uefa open to legal action (2/2) PL FFP is different of course but seems some changes are happening. Boom! Link to comment Share on other sites More sharing options...
PieFacE Posted June 11, 2015 VT Supporter Share Posted June 11, 2015 Well this is interesting. Suddenly buying a football club seems a whole lot better for the extremely wealthy. What I'm interested in is what happens if; * Villa get a takeover * We go to UEFA and say "we want to spend x amount over our annual turnover for the next four years to increase the profile of the football club and increase revenue" *They then allow us to spend what we like * We do a QPR, and after 4 years we're still spending way more than we can afford What then? Constant fines from UEFA? Link to comment Share on other sites More sharing options...
Wainy316 Posted June 11, 2015 Share Posted June 11, 2015 Robin Bairner @RBairner Interesting report on FFP in Le Parisien. It claims Uefa will allow new owners four years free spending before FFP kicks in. (1/2) Robin Bairner @RBairner However, this would only applies to clubs taken over in future ie. not #PSG, Monaco or Man City. Would leave Uefa open to legal action (2/2) PL FFP is different of course but seems some changes are happening. We'd still have to be careful because we could have four great years but then be left with a wage bill that doesn't meet FFP afterwards. 1 Link to comment Share on other sites More sharing options...
dudevillaisnice Posted June 11, 2015 Share Posted June 11, 2015 Exactly. What it does maybe open up though is perhaps more of an avenue for sponsorship if the club can attract better players and do well in the league of course. Link to comment Share on other sites More sharing options...
BG_Villa_Fan Posted June 11, 2015 Share Posted June 11, 2015 Thanks. Would be pretty sweet if this happened. Has had a lot of success with the heat. I actually bought one of their tops the other day Micky Arison is the guy who has Messi* in his team and is so tight, not wanting to pay,say Pique*, that Messi* decides to leave. * actual names and sports may vary. Link to comment Share on other sites More sharing options...
troon_villan Posted June 11, 2015 Share Posted June 11, 2015 Robin Bairner @RBairner Interesting report on FFP in Le Parisien. It claims Uefa will allow new owners four years free spending before FFP kicks in. (1/2) Robin Bairner @RBairner However, this would only applies to clubs taken over in future ie. not #PSG, Monaco or Man City. Would leave Uefa open to legal action (2/2) PL FFP is different of course but seems some changes are happening. We'd still have to be careful because we could have four great years but then be left with a wage bill that doesn't meet FFP afterwards. Yeah but dem 4 years man! 1 Link to comment Share on other sites More sharing options...
osmark86 Posted June 11, 2015 Share Posted June 11, 2015 Robin Bairner @RBairner Interesting report on FFP in Le Parisien. It claims Uefa will allow new owners four years free spending before FFP kicks in. (1/2) Robin Bairner @RBairner However, this would only applies to clubs taken over in future ie. not #PSG, Monaco or Man City. Would leave Uefa open to legal action (2/2) PL FFP is different of course but seems some changes are happening.We'd still have to be careful because we could have four great years but then be left with a wage bill that doesn't meet FFP afterwards.Yeah but dem 4 years man! Dem 4 years of love might be worth the looming heartbreak. Gimme some sugar Villa. 1 Link to comment Share on other sites More sharing options...
StanBalaban Posted June 11, 2015 Share Posted June 11, 2015 Thanks. Would be pretty sweet if this happened. Has had a lot of success with the heat. I actually bought one of their tops the other day Micky Arison is the guy who has Messi* in his team and is so tight, not wanting to pay,say Pique*, that Messi* decides to leave. * actual names and sports may vary. * I have no idea what you are talking about. 4 Link to comment Share on other sites More sharing options...
fightoffyour Posted June 11, 2015 VT Supporter Share Posted June 11, 2015 Thanks. Would be pretty sweet if this happened. Has had a lot of success with the heat. I actually bought one of their tops the other day Micky Arison is the guy who has Messi* in his team and is so tight, not wanting to pay,say Pique*, that Messi* decides to leave. * actual names and sports may vary. LeBron? 1 Link to comment Share on other sites More sharing options...
Morley_crosses_to_Withe Posted June 11, 2015 Share Posted June 11, 2015 Man City had a head start over FFP. This allowed them to spend wildly, but also have the time to maximise revenue streams (through winning trophies and qualifying for the CL) and build out the infrastructure of the club (such as setting up a sister club in New York). Apart from the one monitoring period in which they've been hit, they have been able to set themselves up so they now stay within the rules. The relaxing of these rules for new owners is only fair. I don't think four years is quite enough but it gives you some leeway at least. Link to comment Share on other sites More sharing options...
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