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| Wonder who's solicitors are causing the delay. Ted has a bit of history with negligent solicitors so I hope his advice hasn't included a recommendation in that area.
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| Quote ="PopTart"I don't think there's a planned date right now.
It's just a case of it being in the last stage and is being done as soon as possible.'"
Exactly my point completion is unkown
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| Quote ="Wollo-Wollo-Wollo-Wayoo"Wonder who's solicitors are causing the delay. Ted has a bit of history with negligent solicitors so I hope his advice hasn't included a recommendation in that area.'"
Why? Is Ted advising on some areas?
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| Quote ="1315trinity"Why? Is Ted advising on some areas?'"
I've heard so. Don't think it's a secret and I'm sure others are aware, especially Eastmoor based fans.
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| Solicitors are notorious for dragging things out and wringing every last penny out of their clients , those letters bouncing back and forth are a real money maker . Hope he’s got some brass left for players when they’ve finished hanging him out to dry
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| Quote ="Wollo-Wollo-Wollo-Wayoo"I've heard so. Don't think it's a secret and I'm sure others are aware, especially Eastmoor based fans.'"
Leaves one feeling a bit uneasy when that name is mentioned
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| Do you honestly think for one second that Matt Ellis needs any advice on which legal firm to use. The man heads up a hugely profitable multi million pound company.
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| I would think Ellis would have his own legal advisors and I am sure the one thing he will be use to is business negotiations.
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| Quote ="REDWHITEANDBLUE"If you know you know if you don't you don't if people are speculating clearly they don't and that's .y assumption after ME pulled out of the meeting last we clearly he doesn't know either.'"
You're assuming Matt Ellis had the choice and wasn't told to not attend.
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| Quote ="BackSeatCoach"You're assuming Matt Ellis had the choice and wasn't told to not attend.'"
He did.
And he said so himself.
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| Quote ="BarnsleyGull"He did.
And he said so himself.'"
Which was the right thing to do.
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| Quote ="BarnsleyGull"He did.
And he said so himself.'"
He also said, that once the takeover was finally legally completed,he would call a shareholders meeting, hopefully within 48 hours of announcement of takeover.
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| Quote ="bellycouldtackle"Do you honestly think for one second that Matt Ellis needs any advice on which legal firm to use. The man heads up a hugely profitable multi million pound company.'"
I tend to agree, although I have no doubt Ted had Trinity close to his heart I hope he is nowhere near the potential new owner.
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| Quote ="BackSeatCoach"You're assuming Matt Ellis had the choice and wasn't told to not attend.'"
There is no assuming.
Matt wanted to come and introduce his team.
When things weren't signed he wanted to cancel but JM said he would do the meeting anyway as it was short notice and they'd arrange a follow up when things were signed.
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| Quote ="1315trinity"Will there be some news this week? - I hope so, it will be good to see the new coach in place and some good signings!
I assume the legal people are now dealing with the final stage, so we cannot expect any speed except ‘dead slow’ but completion soon would be good!'"
Quite right, 1315. Now that we have the financial means we don't want to be at the back of the queue when it comes to signing up available players.
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| Moved the Cas chat to the other thread.
Let's leave this one to Takeover talk like Dunk suggested
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| Ellis’s letter where he outlined his intent seems a distant memory now. I can’t imagine he’s the one holding up the takeover.
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| Keep some patience people.
When solicitors are involved things rarely run to timescales and budget.
We are all crying for news and there are fans crying over a few outgoings like they’re like Penrith’s first teamers but there’s a long off season to go and plenty I’m sure to be announced.
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| Quote ="Willzay"Ellis’s letter where he outlined his intent seems a distant memory now. I can’t imagine he’s the one holding up the takeover.'"
No one is holding it up. Stop looking for a conspiracy. It's just how long it takes.
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| Quote ="PopTart"No one is holding it up. Stop looking for a conspiracy. It's just how long it takes.'"
How do you know no one is holding it up, are you speaking with all parties ?
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| From a marketing point it makes. Sence to wait past the weekend.
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| Quote ="bellycouldtackle"How do you know no one is holding it up, are you speaking with all parties ?'"
Yes. Everything goes through me
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| Quote ="lampyboy"From a marketing point it makes. Sence to wait past the weekend.'"
Unless they have lined it all up to happen today… then I agree, the Grand final and the unfortunate announcement about Newcastle will put a dampener on any takeover press conference..
Most journalists will be in Manchester doing the player interviews etc.
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| Maybe the timescale of 14 days is a bit over promising.
The due diligence was originally hoped to take around 4 weeks, and it was 3 months later when the further announcement was made.
One thing I've learnt in professional life is under promise, over deliver, not the other way around.
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| Quote ="lampyboy"From a marketing point it makes. Sence to wait past the weekend.'"
Given what this club has been through i’m not sure a new era starting on Friday the 13th is a good idea anyway! I’m happy to not tempt fate and wait til monday!
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