MikeMcKenna Posted July 31, 2006 VT Supporter Share Posted July 31, 2006 from OS Takeover Information A number of supporters have contacted the club recently requesting information regarding the current takeover discussions. Whilst we understand the interest and concerns of supporters and shareholders, as a listed company, we are strictly limited to what we can and cannot say regarding the current situation. Consequently, we have communicated all possible information to supporters and shareholders via the Stock Exchange. However, the following points give a brief summary of the legal requirements that any listed company must adhere to in such circumstances. As Aston Villa is a listed company, the board and its representatives have a legal duty to conduct any takeover negotiations strictly in accordance with the regulations. There can be no special deals struck for the benefit of any individual. Personal interests cannot be pursued and all negotiations are conducted in the best interest of all shareholders and the football club. As the company's retained advisor, Rothschild has been, and will continue to be, present at all meetings to ensure regulatory practice is upheld. The board of Aston Villa are duty bound to consider the merits, or otherwise, of all offers made to the club. In such situations, it is not legally possible for a listed company to divulge specific information relating to a takeover without first informing the Stock Exchange. Accordingly, as and when appropriate, a further announcement will be made. Actually this is very interesting, especially the bit in bold. It is basically answering the rumours that ellis was trying to angle an executive position for himself. I think we can take it folks that they have now said categorically that he isnt and CAN'T !!! I believe this statement is VERY significant! Link to comment Share on other sites More sharing options...
bickster Posted July 31, 2006 Moderator Share Posted July 31, 2006 Wheres the bit about Ellis being gaffer taped to a chair with rags stuffed in his mouth, the next time theres negociations to be done Link to comment Share on other sites More sharing options...
BOF Posted July 31, 2006 Moderator Share Posted July 31, 2006 It also sounds like Rothschild will not let this happen (can not let this happen). Sounds like even the insiders are leaving Doug's ship. Link to comment Share on other sites More sharing options...
GaztonVilla Posted July 31, 2006 Share Posted July 31, 2006 Wheres the bit about Ellis being gaffer taped to a chair with rags stuffed in his mouth, the next time theres negociations to be done I think its implied Link to comment Share on other sites More sharing options...
OutByEaster? Posted July 31, 2006 Moderator Share Posted July 31, 2006 Seems almost a public rap across he knuckles for the old fella. Are we to assume that Rothschilds will take it from here ? Link to comment Share on other sites More sharing options...
Richard Posted July 31, 2006 Share Posted July 31, 2006 The bit in bold translates as: "Ellis is a clearing in the woods who nearly **** up a takeover. A takeover which was in the best interests of the CLUB. We know you know he isb a clearing in the woods, we also know he is a clearing in the woods so dont worry, we'll have him under wraps from now on." Link to comment Share on other sites More sharing options...
MikeMcKenna Posted July 31, 2006 VT Supporter Share Posted July 31, 2006 It also sounds like Rothschild will not let this happen (can not let this happen). Sounds like even the insiders are leaving Doug's ship. I think you are very probably right, rumour is that some board members are not happy. What is more I think this is a preface to further imminent events. Cue Lerner????????? Link to comment Share on other sites More sharing options...
GaztonVilla Posted July 31, 2006 Share Posted July 31, 2006 I think this is as close to the apology that Lerner was reputed to be seeking from Ellis. I think it is a signal to Lerner that Rothchild's are now in the driving seat, and that he should feel comfortable dealing with them if he wishes. Link to comment Share on other sites More sharing options...
bickster Posted July 31, 2006 Moderator Share Posted July 31, 2006 Well I think it has to be either aimed at Lerner or its an arse covering exercize from the last Ellisian cock up with Lerner, but its a bit late for that one tbh Link to comment Share on other sites More sharing options...
jamesbuchanan Posted July 31, 2006 Share Posted July 31, 2006 The bit in bold translates as: "Ellis is a clearing in the woods who nearly **** up a takeover. A takeover which was in the best interests of the CLUB. We know you know he is a clearing in the woods, we also know he is a clearing in the woods so dont worry, we'll have him under wraps from now on." Wouldn't it have been more amusing if they'd just written that instead of the long-winded official style statement? Link to comment Share on other sites More sharing options...
ianrobo1 Posted July 31, 2006 Share Posted July 31, 2006 If Ellis does not want to sell, he does not have to, please remember that, this is part of the pressure. Link to comment Share on other sites More sharing options...
stevenjos Posted July 31, 2006 Share Posted July 31, 2006 If Ellis doesnt sell there could be riots at the reading game!! Link to comment Share on other sites More sharing options...
Richard Posted July 31, 2006 Share Posted July 31, 2006 I dont think things are that easy for him at this stage Ian whereby he can now simply refuse to sell. If he did he would rip the club apart, IMO. Link to comment Share on other sites More sharing options...
OutByEaster? Posted July 31, 2006 Moderator Share Posted July 31, 2006 So the trick isn't persuading him to sell, it's persuading him to WANT to sell ? It's up to the bidders to do the first bit, and (partly) up to us to make sure of the second part. Link to comment Share on other sites More sharing options...
JulieB Posted July 31, 2006 Share Posted July 31, 2006 Yeah but Ellis would get round it by saying Lerner apparently never actually put in an official bid for AVFC...however the statement does mention "negotiations" and that Rothchilds are present at ALL meetings - so yes I think the statement is an apology & a reassurance that protocol & proper regulatory procedure will be adhered to from now on and that Ellis can kiss goodbye to any special deals Oh I Soooooo hope Lerner DOES indeed take control with a wry smile and an instant dislike of all things Ellis!! Heck soon I might not EVER have to drive under that hideous "Doug Ellis Stand" sign on Witton Road again. But then that's another thread.......... Link to comment Share on other sites More sharing options...
Silent_Bob Posted July 31, 2006 Share Posted July 31, 2006 If Rothchilds were present during their first meeting to ensure regulatory practice is upheld, they how the h*ll could Doug have made those demands in the first place? And I remember reports saying Lerner was upset because representatives of Rothchilds were present, even though it was agreed it should have been a one-to-one meeting between Ellis and himself. Did not the representative from Rothchild present explain the reason for his presence to Lerner? This seems to me as an arse covering exercise, but perhaps it's not only Ellis that needs to cover his arse? Link to comment Share on other sites More sharing options...
NASTY_LEE Posted July 31, 2006 Share Posted July 31, 2006 If he didn't want to sell then why bother paying Rothschild a hefty fee to search the world for buyers. Surely he'd just carry on as he has done for the last two decades? I think he will sell, but only on his terms. This statement is basically sayind 'decide what you want and stick to it you old prick' Hopefully this will all be resolved sooner rather than later. Link to comment Share on other sites More sharing options...
Richard Posted July 31, 2006 Share Posted July 31, 2006 This is a statement from the club NOT Rothschilds Link to comment Share on other sites More sharing options...
GaztonVilla Posted July 31, 2006 Share Posted July 31, 2006 I would imagine though, Richard, that Rothchilds have been instrumental in its release. Link to comment Share on other sites More sharing options...
Richard Posted July 31, 2006 Share Posted July 31, 2006 Quite possibly GV. However, it is significant that it has come from the club NOT Rothschilds Link to comment Share on other sites More sharing options...
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