PB Posted August 5, 2006 Share Posted August 5, 2006 Dispute this as you know. No one can force someone to sell something they own. It is not fact. . but you accept he has to put the right offer to the shareholders for acceptance in his role as Chairman? Link to comment Share on other sites More sharing options...
stevenjos Posted August 5, 2006 Share Posted August 5, 2006 i hope to god this gets tied up soon Link to comment Share on other sites More sharing options...
Gringo Posted August 5, 2006 Share Posted August 5, 2006 crucified? why? he brought us Oneill.... :roll: Weve let him off the hook again...... villa fans are fickle.... You said that when he sacked O'Leary. :oops: He was as right then as he is know. The old git is still there. Lots of people are saying how sweet he is for an old man People queuing up to shake his hand and congratulate him Fickle as. It's not over til the old man croaks (or signs on the dotted line to phrase it more kindly for more sensitive ears). Link to comment Share on other sites More sharing options...
Gringo Posted August 5, 2006 Share Posted August 5, 2006 Dispute this as you know. No one can force someone to sell something they own. It is not fact. . but you accept he has to put the right offer to the shareholders for acceptance in his role as Chairman? Yes. According to his duties. But as a shareholder he is not bound to accepting that offer. The stockmarket rules cover his actions as a chairman, and the responsibilities inherent with the role. His actions as a private shareholder are his own responsibility to himself and no one else. He can walk into the newsagent this morning and sell the his 38% to bill behind the counter for thruppence. The stockmarket rules require that they are notified of the sale by 12pm Monday, and the share transfer is registered within Crest by close of business. Thats it. Bill would then be required to make an equivalent offer for all the other shares. But thats it. Thats as far as the regulations control his ability to sell or keep his shareholding. In reality he won't do that. But the regulations won't force him to sell. Thats up to us. Link to comment Share on other sites More sharing options...
PB Posted August 5, 2006 Share Posted August 5, 2006 Dispute this as you know. No one can force someone to sell something they own. It is not fact. . but you accept he has to put the right offer to the shareholders for acceptance in his role as Chairman? Yes. According to his duties. But as a shareholder he is not bound to accepting that offer. The stockmarket rules cover his actions as a chairman, and the responsibilities inherent with the role. His actions as a private shareholder are his own responsibility to himself and no one else. . Ok So, is it feasible that the board and Chairman of Aston Villa PLC could on the one hand recommend that shareholders accept a suitable bid (as they are required to do), and on the other the chairman refuses to accept such an offer for his personal shareholding (as is his personal right)? I simply cannot envision such a situation occuring as the fallout from that would be immense Link to comment Share on other sites More sharing options...
Grant(aka_eddy) Posted August 5, 2006 Share Posted August 5, 2006 We all know how he's behaved during his tenure at Villa. Does anyone really believe he's gonna wanna walk away now? He's just pulled off the one of the biggest football coups of the decade! well, I think that maybe he believes he has. Poor old fool if he does, although I dont think he's quite that naieve. I think he's perfectly happy for everyone to think he has though, suits him fine. Look, we are about to recieve at least one, possibly as many as four firm bids to buy the club. under stockmarket rules he 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 There is no ambiguity about this, no grey areas, only hard and fast, black and white takeover law. This sint a process Ellis has any control over. he has already laid down the specifications, some time ago now. maybe he felt those specifications would never be met, but now they are about to be and there isnt anything else he can do about it. he can no longer change the goalposts without some severe consequences, as he has already discovered. Its over for him. I like that opinion alot. Now drowning out any bad noise from anyone else....la la la la la la Link to comment Share on other sites More sharing options...
Rocafella Posted August 5, 2006 Share Posted August 5, 2006 Doug Ellis didn't look like he was giving up at all! In fact, he looked younger than he did 5 years ago and his health seemed OK. Anyway, the takeover will not happen in time for us to spend money so it doesn't matter if it happend in two months. The January-window might be a possibility. Link to comment Share on other sites More sharing options...
Gringo Posted August 5, 2006 Share Posted August 5, 2006 Dispute this as you know. No one can force someone to sell something they own. It is not fact. . but you accept he has to put the right offer to the shareholders for acceptance in his role as Chairman? Yes. According to his duties. But as a shareholder he is not bound to accepting that offer. The stockmarket rules cover his actions as a chairman, and the responsibilities inherent with the role. His actions as a private shareholder are his own responsibility to himself and no one else. . Ok So, is it feasible that the board and Chairman of Aston Villa PLC could on the one hand recommend that shareholders accept a suitable bid (as they are required to do), and on the other the chairman refuses to accept such an offer for his personal shareholding (as is his personal right)? I simply cannot envision such a situation occuring as the fallout from that would be immense Responding in reverse order: Whilst you cannot envisions such events, it does not mean it is fair to say that he is bound by rules which he is not. People will assume it's over. I'ts not. The man still has to be driven out. Is it feasible? Possible, yes, unlikely in the extreme however. It would never reach that situation. No bid is going to be put forward without the acceptance of the main shareholder. No bidder is going to want the expense of a formal bid, communication to shareholder, press comms etc if they know they are onto a loser. Unlikely chain of events. *Villa board recommend bid.; *Doug accepts bid; *Bid succesful. Likely chain of events. *Doug sells shares; *Offer extended to other shareholders as part of an offer reccommended by the board of AVFC PLC; *Bid succesful. The first scenario carries far more risk to the bidding party than the second scenario. Link to comment Share on other sites More sharing options...
ahamaad Posted August 5, 2006 Share Posted August 5, 2006 So gringo do you think we will have new owners? Link to comment Share on other sites More sharing options...
PB Posted August 5, 2006 Share Posted August 5, 2006 Likely chain of events. *Doug sells shares; *Offer extended to other shareholders as part of an offer reccommended by the board of AVFC PLC; *Bid succesful. . OK, so it is fair to say that those itnerested in buying the club have good reason to believe that ellis wants to sell his shareholding, otherwise they wouldnt be interested. correct? it is also the case that at this stage he is cannot, in his role as chairman, actively do anything to discourage any potential bids. Correct? So, although as a personal shareholder no-one can force him to do anything, he is bound in his role as Chairman to behave in a certain way. correct? And if he didnt behave in this manner? let us say for example that he changed his mind about wanting to sell. let us say that yesterday's events persuaded him that he could still make it work. How, in his role as chairman, could he withdraw from this process at this stage without severe fallout? let us say, for the sake of argument, that a bid arrived. What would that tell you? What does the fact that we have recieved a number of indicative bids tell you? Link to comment Share on other sites More sharing options...
Jez Posted August 5, 2006 Share Posted August 5, 2006 I just want Doug to **** off. The sly old git has slimed his way out of so many situations. I just hope PB and a few others are right and this time it is indeed to far gone! The stupid old fool might have told himself yesturday how this is to good to leave etc, look at these two Villa fans wanting to shake my hand! Link to comment Share on other sites More sharing options...
Digsby Posted August 5, 2006 Share Posted August 5, 2006 Likely chain of events. *Doug sells shares; *Offer extended to other shareholders as part of an offer reccommended by the board of AVFC PLC; *Bid succesful. . OK, so it is fair to say that those itnerested in buying the club have good reason to believe that ellis wants to sell his shareholding, otherwise they wouldnt be interested. correct? it is also the case that at this stage he is cannot, in his role as chairman, actively do anything to discourage any potential bids. Correct? So, although as a personal shareholder no-one can force him to do anything, he is bound in his role as Chairman to behave in a certain way. correct? And if he didnt behave in this manner? let us say for example that he changed his mind about wanting to sell. let us say that yesterday's events persuaded him that he could still make it work. How, in his role as chairman, could he withdraw from this process at this stage without severe fallout? Pete, as you yourself have said - If doug attatches demands to his 38% shareholding, and those demands are not met - then why does he have to sell? Indeed - why does he have to accept a bid that doesn't match his criteria? Link to comment Share on other sites More sharing options...
chips'ngravy Posted August 5, 2006 Share Posted August 5, 2006 let us say for example that he changed his mind about wanting to sell. let us say that yesterday's events persuaded him that he could still make it work. How, in his role as chairman, could he withdraw from this process at this stage without severe fallout? Do you think he really cares about the fallout when it comes to a situation where he has to reliquish his self-appointed role as "Mr Aston Villa"? Until he has actually gone, it would be naive to think it's a done deal with his track record. Link to comment Share on other sites More sharing options...
PB Posted August 5, 2006 Share Posted August 5, 2006 Indeed - why does he have to accept a bid that doesn't match his criteria? No-one would make a bid that didnt, and we have already recieved a number of indicative bids that do Link to comment Share on other sites More sharing options...
PB Posted August 5, 2006 Share Posted August 5, 2006 Do you think he really cares about the fallout when it comes to a situation where he has to reliquish his self-appointed role as "Mr Aston Villa"? Until he has actually gone, it would be naive to think it's a done deal with his track record. I think that the fallout is potentially much bigger than a few fans standing around shouting ellis out tbh Link to comment Share on other sites More sharing options...
Digsby Posted August 5, 2006 Share Posted August 5, 2006 Indeed - why does he have to accept a bid that doesn't match his criteria? No-one would make a bid that didnt, and we have already recieved a number of indicative bids that do I'm not sure that is entirely so - if it is then surely Randy would have made his bid a firm one last week - regardless of how 'rude' Doug was. If Randy's indicative bid ticked all the boxes then why walk away? Link to comment Share on other sites More sharing options...
thecraft Posted August 5, 2006 Share Posted August 5, 2006 In terms of dealing with Rothschilds is there any kind of undertaking to sell if the conditions are met? Aren't they paid on commission and if so, would they place any contractual safeguards that if they find buyers that meet the requirements made, a sale occurs? Link to comment Share on other sites More sharing options...
PB Posted August 5, 2006 Share Posted August 5, 2006 I'm not sure that is entirely so - if it is then surely Randy would have made his bid a firm one last week - regardless of how 'rude' Doug was. If Randy's indicative bid ticked all the boxes then why walk away? AFAIK Lerner didnt make an indicative bid last week becasue of the reason you state, he was unhappy with the conditions laid down but he is back. meaning? Link to comment Share on other sites More sharing options...
avfcinwales Posted August 5, 2006 Share Posted August 5, 2006 First no bids are in Second Lerner has not said he is still interested to make a further modification to his original bid Third only Still has finalised his discussions and even he has not tabled a formal bid Fourth AV06 are looking to meet Ellis on Tuesday to discuss their offer and then meet with Neville to see if there is any mileage in a bid merger,but no formal bid has been put in Fifth only Neville has talked of being in a position to offer a 64 million bid, he hasn't in 2 weeks, why not. Could it be he doesn't meet the full criteria or is his finance options flaky. Lastly, one man has instigated the move for O'Neil, Neville, who made it clear to some of us ages ago he had spoken to him and he had agreed to be part of the package as had another famous man He may not have signed the contract but he made the idea possible and as O'Neil said Ellis was the only one who asked, probably to gazump Neville. After all Ellis has never been short on pinching good ideas and claiming the credit. Link to comment Share on other sites More sharing options...
nick76 Posted August 5, 2006 Share Posted August 5, 2006 Indeed - why does he have to accept a bid that doesn't match his criteria? No-one would make a bid that didnt, and we have already recieved a number of indicative bids that do I'm not sure that is entirely so - if it is then surely Randy would have made his bid a firm one last week - regardless of how 'rude' Doug was. If Randy's indicative bid ticked all the boxes then why walk away? and remember this is not like buying a chocolate bar from a sweety shop, it's a lot more compex than that. He can't just whip out his cheque book and buy us.....things have to be put in place, things have to be done properly, give the guy a chance Link to comment Share on other sites More sharing options...
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