I was talking about the list of Member shareholders that has recently materialised and I am presuming that Minards has asked each and everyone of them if they agree with the takeover.

If it's the real shareholders, then as far as I am aware everyone is up for the deal, bar John Minards. Who may infarct be up for the takeover but on his terms.

They don't hold voting shares. They will stay members.

Yes I know

Nothing was proved to be false, like I said earlier your very selective who you call a liar

The title of the thread is takeover updates and it seems updates are not available at present.
Four weeks have come and gone so some sort of statement would either confirm or rubbish things, unless some solid evidence cane be made available

I'd be very careful in what you say and others (may already be too late), because there is one person biding their time, they think that they have a strong case, to have the 'last laugh'.

Just letting the deal to Pearman .
didnt happen. this was brought about democratically from memoury
proposed by Rodey Walker and from memoury seconded by Hinchcliff ? at a Agm then voted upon .As all the shares had equal voting as Ted allways said.
If these shares had been issued along the same lines how many more shares
would have been sold Salford. style
and not this bogus share issue

The same Salford that are now rumoured to be in dire financial straits ???

How can it be bogus?
The people handing their money over, knew exactly why (I hope) and so did the club accepting their hard earned. I'm sure that any shareholder who was not happy, would have been given their money back.

Of course it has. The stand doesn't belong to them so they couldn't be charging rent.
Try again.

Just to go off topic again, love their music.

Them were the days



trip down memory lane there.
But you do make a good point. I thought Salford did a great job and the amount they raised very impressive for a club no bigger, probably smaller than us.

And good due diligence like is happening now would have stopped that.

I thought the stand belonged to Spirit 1873, am I mistaken

Knowbody knows the truth in what is happening so dont get why people pretend to know,i personally got told that it had been finalised and gone through but i guess not.i would also say and i maybe totally wrong i dont know nothing in matters like this but wouldnt deals of a takeover have to be completed before due dilligence starts?

who owns the stand

ii guess that open shares not held on to by the current incombands would have brought in investment.

iwas it. the fear of losing control ?and indeed would i think made any takover easier.
who invests in something that then they have no control of the direction of their investment ?
point i make is different share issue would have diluted current owners.
motive has always got to be club first and this is always seen by actions

We've been through this. Go back and read the last thread that we had to lock because of all the guff your mate posted.

So I don't know the details of this one but I've worked in big businesses all my life and takeovers take a long time.

In this case the process is that the two parties agree terms, then do due diligence on each other, then finalise terms then do the transfer of shares etc.

Due diligence includes financial checks, both personal and business, checks on the current state of the club accounts and forecasts, understanding RFL rules and what limitations there are and in our case the building of the stand and the liabilities involved.

It's just going to take a long time.

Plus the fact, Ellis has put some money in to help us survive. Right now, him taking over will not improve it more before the end of the season. They can take their time now.
Minards needs to be in place to run the club while all this is going on so it doesn't just fall over.

and when all the paper work has been finalised ie deal done, they announce it when they want.

There are many done deals regarding players and they haven't been announced yet.

We’ve a fight on for our very survival in super league still very much on ,if people hadn’t already noticed ,yet still choose to bash and discredit the club on every occasion, how these are fans of the club ill never know .3 Days since our superb win against huge spending opposition and social media has started up against bashing the directors of the club , specifically Minards . I suggest that if these plonkers put as much effort and energy into actually supporting the club instead of sowing seeds of discontent at every opportunity we may not have been in this position . Here’s the thing , no amount of hearsay or rumours will make the takeover happen any quicker , it will be finalised when it’s ready and not an hr before . Surely our short term survival is paramount at this time rather than the toing and froing of emails and the like from solicitors/lawyers on the take over . Anybody thought that our precarious position may just be one of the reasons for the supposed delays in the take over ? , Surely a super league club is worth more that a championship club to a perspective buyer .

I get that MC can get under some peoples skin… but I do not understand the vendetta against JM… the simple fact that he - almost single handedly - achieved an outcome that has seen the facilities at the club being improved substantially… and without which, a future as a super league club… AND the ability to attract new investment would be totally impossible.

The destructive negativity of some people baffles me…the subversive and vindictive nature of some of the behaviour is unfathomable… the deep seated hatred in some of the language is unforgivable. I cannot believe that these individuals have the best interests of the club or the community at heart.

It’s endemic and chronic… to the point of sickness!!!

And on top of that it’s a load of BS anyway.

I think the top and bottom line, is that fans are concerned about the clubs long term future, bearing in mind when it was first mentioned back in early June and also by Michael Carter in the Trinity Times, both with a 4 week timeframe, maybe that was a bit optimistic.

I'm a big believer in under promise, over deliver.

What I will say, is I saw some posts last night, and they weren't all vile like some can be.

If this does fall through, for the reasons being said, then there will be fans left with egg on their face, both on here and RWB Army who have been blinkered into believing that everything is ok.

Lets be right here, no takeover is going to be fully in the public domain and it absolutely shouldn't be.
The bottom line is that if/when there is news to be shared, it will be.

In other news, Wakefield AFC staged their first game at BV last night, a 2 - 0 victory.

Fortress BV