Exactly,, off the top of your head ... non of us on here know the nitty gritty of this... all we know is that we have a very wealthy person wanting to buy the club and our chairman is still not satisfied that he is a suitable person.

Yep all fair points. but 8 weeks? I wiuld imagne allt gat was covered in the first week or so. This isn't a multi million pound, multi faceted business were talking about.

Again 8 weeks of talks shiuld be enough to cover most aspects noted above. I work for a developer who go through a 4-6 week period of DD before pumping crica £20m into a 300 unit site.

How much money are they actually intending to put in?
We intend to invest whatever finances are needed to make Trinity regular challengers for CC Finals, Play Offs & GFs
Who from DIY Kitchens is going to make the decisions?
Matthew Ellis will be Chairman but we’ll scour the sports world for the best CEO available
What structure are they going to implement to run the club?
We’ll take our lead from the best sporting structures there is, NRL Clubs, Premier League etc
What are they going to do about the part completed projects?
Complete them, without compromise!
What are they going to do with current employees.
We’ll assess everyone individually on an ongoing basis but new Director of Rugby, Operations Director may wish to make new appointments and/or changes

Ellis will want to know what is expected from RFL. What the IMG rules will be.
Already touched base with RFL & IMG re post take over meetings
How much will he have to invest to get what he wants out of the club.
How long is a piece of string? Time will tell but ME has deep pockets
Who is available to recruit to his team.
That’s a process which will take time but in the meantime we’ll bring in an interim CEO
What division will we be playing in.
Get the take over completed and we will invest enough to ensure it’s SL

The only real questions are
Is Matthew Ellis a reputable individual befitting of the station
Are Matthew Ellis’s intentions genuine and robust
Is Matthew Ellis committed for the long term
Do the new owners have the financial resources to achieve their goals
Can the new ownership progress the club beyond where the incumbents can

If yes to these questions then get out of the way

That's exactly what it is.

So let's hope those are the answers from Ellis. But if he hasn't given those answers, wouldn't you expect them to keep investigating?

If the loan isn't needing to be repaid, it becomes an asset.
The loans section only show loans needing to be repaid.

No one seems to want go answer this question....

Certainly one of them would never win the lottery.

I’m stunned that there still seems to be a nefarious nature to some individual attitudes… based on opinion… opinions based on personal preference and agenda…

The phrase that ‘ the squeaky wheel gets the oil’ never seemed so true… to the point that ‘old time’ fans like me are now devoid of information about the club I love… because of keyboard crusaders with little acumen, emotional intelligence or viable resource to ‘make a difference’ … attacking, undermining and running interference!

Sadly I don’t think a new owner will silence these people… it will just change the nature of the attack!!!

Due diligence as in can I meet your parents please Matthew. If I was Ellis I’d have walked at that and told him to find the money to keep this club alive himself. Minnards needs to go now so that this club can move forward. Total clean slate needed and let Ellis run the club how he sees fit with the the people he wants to employ.

I don't think anyone is querying the need for due diligence, certainly I am not as we've been burnt before, however with the length of time past I feel we are beyond that now and are in the stages where one party is requesting something the other isn't willing to release (could be eitherway for all I know). The points yourself and AMI raised are all valid and can be answered promptly.

As for the business, to me it's a small one of circa 50 employees or so with a modest income. There has been enough time to pour over the financial aspects of it and time to discuss matters with the RFL.

I don't really understand why you think that is a bad question to ask?

So it would be good if Ellis answers the questions quickly, asks his questions quickly and then we move on.
But that isn't the case.

Wow I have no words. This is a fully grown man who now runs his own successful business after taking over from his parents. Theirs is absolutely no need to meet his parents unless he’s thinking of taking him out for dinner! I’ll give you something, you’re loyal, either that, brainwashed or jus blinded by faith.

Wow I have no words. This is a fully grown man who now runs his own successful business after taking over from his parents. Theirs is absolutely no need to meet his parents unless he’s thinking of taking him out for dinner! I’ll give you something, you’re loyal, either that, brainwashed or jus blinded by faith.

'Negotiation' is beyond answering standard questions about the business.

I have no axe to grind with either MC or JM, and the latter I find an affable guy who I feel has the best interests of the club at heart and has done a great job in getting the club to where we are off the field. On it has been a disaster but I see that side of the business as the CEO's.

As for asking to meet someone's parents, if true, it is pretty undermining to that individual.

It is on this forum somewhere but it was mentioned that Matthew Ellis' father was actually investing (or investing to some degree) so, asking to meet him is the absolute right thing to do. What's also to say that ME is holding things up to see what league we are in? Yes he has helped massively to try and keep us in SL, but if that fails, maybe he is less interested.

exactly!
Nobody is doubting Matthew Ellis financial position. He’s got plenty.. however he also appears to be a busy lad , and will probably need to have someone helping with the running of the club..
this person needs to be a fit and proper person to be able to run a sports club..
I would of thought the RFL would also be able to sleep better at night knowing who this might be or who Mr Ellis has in mind…

Found it. Page 4 of the takeover thread - 'Alf is the real money man' (I presume, as I don't know), that he is Matthews father. So, again, if true, where huge sums of money are involved, he should be part of the DD.

So let me help you with your words.
Matthew Ellis doesn't run his own business. He runs a business owned by his parents.
The money to be invested is in that business not in Matt's pocket (though I'm sure he isn't poor). So the question was, can we meet the people with the money.....not can we meet your dad.

Meeting all investors is a very different and reasonable request.

There are 3 directors. Matthew is one of them. His parents are the other 2. Do you really think he’s just thought f$€k it I’ll go buy a rugby club without speaking to the other directors first? Without them getting a sniff of it? It’s delaying tactics and hanging on by Minards it’s as simple as that. He needs to go now and let things progress. I don’t believe that he says he’s waitning to see the business plan for the club either. The RFL have been conducting due diligence they would t even entertain it if he hadn’t submitted one they’d have told him to come back when he’s serious. Again more delaying tactics and the brainwashed are falling for it hanging on to every world JM says

If Matthew Ellis we're to walk away do you think these two have the finances to pay all the debt off they have created whilst making us competitive on the field and not rely on someone's cash injection.
I've been told the work with the rfl, the due diligence was finished weeks ago, was also told at the wigan game it was 2 more weeks which Carter was slightly disappointed with as he wanted it finished before he went away but I'm just a liar to you pop tart. Like it or not let's just say things are being made difficult at every turn and the goalposts being moved constantly. Just do the deal JM and go with your head held high knowing you have tried your best

We are not looking at an hostile takeover but a necessary one which should be expedited without delay. We are still facing relegation and what will JM do if Ellis walks away because JM cannot fund the club. If he was a true supporter he would know that without the investment we are just facing stagnation both on and off the field.
We have been craving for investment, it may not bring back the glory days but it certainly gives us a fighting chance which on our current trajectory does not.